Wed, Feb 28, 2024 11:29 AM
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A Flip by Riya Sharma
Reliance Industries Ltd has sought access to pipelines and storages that public sector oil companies have built over the years for supplying jet fuel (ATF) from depots and oil refineries to airports, as it looks for a larger pie of fuel trade at some of Asia’s busiest airports.The firm made the suggestion in its comments to oil regulator PNGRB’s draft regulation calling for supply of ATF in all.
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A US company has become the world's most valuable solar manufacturer for the first time since 2018, as Chinese rivals suffer from a profit-slashing price war and an onslaught of trade barriers erected by Washington.First Solar Inc. gained 1.5% Friday to end trading with a market capitalisation of $21.15 billion. The move higher allowed the Arizona-based company to overtake Sungrow Power Supply.
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The last batch of quarterly earnings, global trends and trading activity of foreign investors will guide the equity market movement in a holiday-shortened week ahead, analysts said. Volatility may continue amid investors' cautious approach in the election season. Markets will remain closed on Monday due to the fifth phase of the Lok Sabha elections in Mumbai.
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