Saturday, August 08
Maharashtra Deputy Chief Minister Ajit Pawar and four others on board a chartered aircraft died after it crashed at Baramati airport on Wednesday morning, according to an initial occurrence report issued by the Directorate General of Civil Aviation (DGCA).The aircraft, a Learjet 45 operated by VSR and registered as VT-SSK, was attempting to land at Baramati airport when it crash-landed. There were five people on board, including crew, and no one survived the crash, the regulator said.— PTI_News (@PTI_News) As per the report, the passengers included Ajit Pawar, 66, along with two personnel, one PSO and one attendant. The flight also had two crew members: the Pilot-in-Command (PIC) and the First Officer (FO).LIVE: Ajot Pawar passes away in plane crashEmergency services rushed to th
Oil prices were mixed on Wednesday, with Brent down slightly but the U.S. contract edging higher as supply concerns grew after a winter storm disrupted crude output and halted Gulf Coast exports over the weekend. Brent crude futures fell 6 cents, or 0.1%, to $67.51 a barrel by 0122 GMT, but U.S. West Texas Intermediate crude climbed 4 cents, or 0.1%, to $62.43 a barrel. Both benchmarks surged about 3% on Tuesday. U.S. producers lost up to 2 million barrels per day or roughly 15% of national output over the weekend, analysts and traders estimated, as the storm strained energy infrastructure and power grids. Crude and liquefied natural gas exports from U.S. Gulf Coast ports tumbled to zero on Sunday, ship tracking service Vortexa said. "The impact of the U.S. cold snap and co
Indian equity markets showed muted reaction to the India–EU trade agreement, with gains remaining modest as investors await clarity on the deal’s final contours, said Deepak Shenoy, Founder & CEO of Capitalmind MF. Shenoy told ET Now that markets have become largely indifferent to both good and bad news in the near term, given global uncertainties and long implementation timelines for trade agreements.Shenoy noted that while the India–EU deal is structurally positive, its benefits may take a year or more to materialise as multiple EU parliaments must ratify the agreement. He added that several non-tariff barriers—such as import quotas and higher quality standards imposed on Indian products—will determine how meaningful the deal eventually becomes for Indian exporters.Markets
The Indian rupee closed marginally weaker on Wednesday, lagging Asian peers, on dollar demand linked to maturing non-deliverable forwards positions and month-end importer demand, while positive cues from a broad-based decline in the greenback capped losses.The rupee ended at 91.7825 per dollar, 0.1% down from its close at 91.72 in the previous session.The currency has weakened about 2% so far this month, making it the worst performer among its Asian currencies, as investors continue to fret over persistent foreign portfolio outflows from equities. Outflows have already touched $4 billion in January.INR "continues to be very flow-dependent and is showing little sensitivity to global cues," a foreign bank trader said.Unless the underlying flows across hedging activity
