Q4 results of aviation firms see risk from higher oil prices

Q4 results of aviation firms see risk from higher oil prices

Oil prices have shown no signs of cooling off. This is troublesome for aviation companies, as fuel accounts for a big share of their overall costs. With the March quarter results season on, Indian airlines—InterGlobe Aviation Ltd, Jet Airways (India) Ltd and SpiceJet Ltd—should see the adverse effects of higher crude oil prices on their numbers. However, a strong rupee is expected to offer relief.

Tata Steel-Thyssenkrupp Merger Delayed By Six Months

Tata Steel-Thyssenkrupp Merger Delayed By Six Months

Germany’s Thyssenkrupp AG will take till the end of the year to set up its joint venture with Tata Steel UK Ltd, about six months later than it had earlier indicated, as negotiations between the steel makers and their workers are taking longer than estimated.

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