Notwithstanding the ongoing turbulence due to rise in fuel prices, the domestic airline industry has been able to grow at a steady pace.

A weaker rupee has resulted in rise in import bills, costlier foreign education and travel. The biggest impact is on petrol and diesel prices which have witnessed steady increase throughout the year. Petrol and diesel have risen by 13.99 per cent and 23.04 per cent respectively since August 24 last year.

On Friday, diesel touched a lifetime high of Rs 70.21 per litre in the national capital while the price of petrol was at Rs 78.52.

Chinese crypto-mining equipment makers plan to get listed in Hong Kong; major international airlines are beginning to pad their schedules with extra time to give the impression that the aircraft are arriving on time; diesel and petrol prices have hit new record high. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

Petroleum prices, which are determined by the cost of crude oil in global markets, may continue to go up as the international markets are under pressure due the US sanctions on Iran and Saudi Arabia's decision to cut oil production.

Spicejet operates the first biojet fuel flight for the countrySpicejet's flight yesterday between Dehradun and Delhi was special. The flight was powered by a blend of 75% air turbine fuel and 25% biojet fuel. This was a first for the country which is looking for ways to cut down fuel costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel (ATF) was carried in one of the two engines of the plane, while the other engine carried only ATF. International standards permit ...

This is the second consecutive quarterly loss for the airline which had posted a profit of Rs 53.50 crore in the same quarter last year. The struggling airline will inject capital and reduce debt to cut its interest costs.

The increase pushed diesel price to its highest ever level of Rs 69.46 a litre in Delhi. In Mumbai, the fuel now costs Rs 73.74 a litre.

State-of-the-art Train 18 to replace Shatabdi Express soon; PV Sindhu on Forbes' list of top 10 highest-paid female athletes; Air India seeks Rs 500 crore urgently to repay banks; opposition criticises Centre's decision to decline foreign aid for Kerala flood  relief. Watch more in this episode of Business Wrap.

State-of-the-art Train 18 to replace Shatabdi Express soonAs part of the Railways' plan to increase the speeds of all long-distance passenger trains by 25 km per hour by 2022, it has decided to replace the Shatabdi Express trains with much-awaited semi-high speed 'Train 18'. These trains will be loaded with state-of-the-art amenities and will be used for inter-city travel. The trains are being built under the Make in India initiative at the Integral Coach Factory (ICF) in Chenna...

The US sanctions on Iran will have direct impact on petrol and diesel prices in India, which imports around 80 per cent of its oil requirement. Iran is the third largest exporter of crude oil to India after Iraq and Saudi Arabia.

The Modi government, already backed into the corner over unemployment, absconding defaulters, rupee depreciation, fuel prices and more, would not want more bad news on the NPA front at this juncture.

German luxury carmaker Mercedes Benz on Thursday said itwill hike prices of its vehicles across models by up to 4 per cent fromSeptember to offset adverse impacts of rising input costs and adverse forex movement.

As the rupee hit another low, breaching the 70 mark against US dollar and the tariff war between the United States and China starts to affect India, BusinessToday.In Editor Rajeev Dubey analyses the economic situation of the country. Watch him discuss rising inflation, skyrocketing oil prices, lack of jobs and other challenges that the government faces.

The wholesale price index (WPI) based inflation was recorded at 5.77 per cent in June. In July 2017, it was at 1.88 per cent.

The rate of price rise in fruits slowed down 6.98 per cent, as against over 10 per cent in the previous month. However, inflation in the fuel segment based on the changes in the CPI increased to 7.96 per cent from 7.14 in the previous month.

Its previous low was in October 2017 at 3.58 per cent. As for year-on-year comparison, retail inflation had increased by 2.36 per cent in July last year.

Jet Airways, however, claimed that its account with SBI and all other banks is \"standard\" and it has not defaulted on any of its payment obligations.

The Directorate General of Civil Aviation (DGCA) has already evaluated the financial health of the national carrier Air India recently, besides conducting a special audit of Air Deccan, the source close to the development said.

'No' says Jet Airways emphatically. But with mounting losses, negative net worth of Rs 7,100 crore and liabilities well in excess of assets, it may be very, very close.