Tag: oil

  • The Markets and how Sirya affected them!

    The Markets and how Sirya affected them!

    The news is out of the bag! Markets tanked 651 points in one day, downing by 3.45% compared to previous day close. Sensex tanked today, as nervous investors were worried about how things will now unfold in Syria.

    Are you among the ones wondering what Sensex and its relative performance has to do with what is happening in Syria?

    Well, first of all it has to do with the dreaded three-letter word. Oil. Second, a false missile strike news. Third, the Indian Rupee.

    And if all of the above  were not enough, the scare of downgraded Investment ratings of our great country by Standard & Poor’s  added oil to the fire… see, did I not tell you that it all has to do with Oil?

    The story that unfolded today at the market was to do with Oil. Not the cooking oil, bummer!
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  • SpiceJet becomes first to import fuel

    SpiceJet becomes first to import fuel

    It came to me as a surprise! It was SpiceJet and not Kingfisher that got the nod first to import Aviation Turbine Fuel (ATF) among all the airlines in India. This will enable Spicejet to substantially lower its operational costs which is an estimated saving of approximately 10 per cent.

    Another surprise was that it will be the Reliance Industries Ltd which is likely to import jet fuel for SpiceJet, being the only private oil marketing company that has presence in many airports across the country.

    I am wondering what happened to Kingfisher. Given its dire situation it is in today, it should have been an ideal candidate for the nod. Am sure there is some logic to this situation but unclear to me.

    SpiceJet will run a pilot to evaluate the whole process to check its economic viability.