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'When nations engage in conflict, neighbouring countries are invariably affected': UP minister Om Prakash Rajbhar on repeated fuel price hikes
Fuel prices are rising again across India. A minister blames global supply issues due to the Iran-US conflict. Petrol prices in Delhi have now crossed 100 rupees per litre. This is the fourth increase in less than two weeks. Opposition parties are criticizing the government. They say the hikes pressure household budgets and transport operators.
Great Eeastern Shipping to sell its 2003-built medium-range tanker Jag Pankhi
Great Eastern Shipping Company Limited is selling its medium-range tanker Jag Pankhi. The company also agreed to sell its medium-range tanker Jag Prakash. GE Shipping is set to acquire a second-hand Kamsarmax dry bulk carrier and a second-hand medium-range tanker. These transactions are anticipated to conclude in the first quarter of FY27.
A stock down 90% from its peak gets fund infusion from promoters, over ₹300 crore debt repayment
Following these steps, Vishnu Prakash R Punglia’s total fund-based exposure has reduced to ₹323.06 crore from the sanctioned limits of ₹736.71 crore, while non-fund-based exposure, such as bank guarantees and letters of credit, stands at ₹515 crore.