Business

New Delhi, Mar 30 (PTI) Petrol and diesel prices on Tuesday were cut for the third time within a week on the back of softening international oil prices.

Petrol price was cut by 22 paise per litre and diesel by 23 paise per litre, according to a price notification of state-owned fuel retailers.

Petrol now costs Rs 90.56 per litre in Delhi and a litre of diesel comes for Rs 80.87.

SUEZ, Egypt (AP) — Salvage teams on Monday finally freed the colossal container ship stuck for nearly a week in the Suez Canal, ending a crisis that had clogged one of the world’s most vital waterways and halted billions of dollars a day in maritime commerce.

A flotilla of tugboats, helped by the tides, wrenched the bulbous bow of the skyscraper-sized Ever Given from the canal’s sandy bank, where it had been firmly lodged since March 23.

ISLAMABAD, Mar 29 (APP): Prime Minister Imran Khan Monday received a telephone call from the Saudi Crown Prince, Deputy Prime Minister and Defense Minister Mohammed bin Salman and discussed the bilateral ties.

The Crown Prince inquired about the Prime Minister’s health and wished him speedy recovery.

The prime minister also inquired about well-being of the Crown Prince since he had recently undergone a surgical procedure.

29 Mar 2021; MEMO: Outward personal remittances by expats in the United Arab Emirates (UAE) have decreased by 3.9 per cent in 2020 compared with 2019, according to Central Bank of the UAE data.

The bank's quarterly report showed that outward personal remittances by expats have decreased from Dh165.2 billion ($45 billion) in 2019 to Dh158.8 billion ($43.2 billion) in 2020.

BEIJING (AP) — China stepped up pressure Monday on foreign shoe and clothing brands to reject reports of abuses in Xinjiang, telling companies that are targeted by Beijing for boycotts to look more closely and pointing to a statement by one that it found no forced labor.

BEIJING, March 28 (APP): As many as 235 personnel from PowerChina International Group Limited (PowerChina) and 31 workers from other companies, returned to Pakistan for China Pakistan Economic Corridor (CPEC) projects with 230 boxes of anti-epidemic materials and construction equipment.

27 Mar 2021; MEMO: Data analysis company Kepler Analytics announced on Friday that seven vessels transporting liquefied natural gas (LNG) had diverted their course away from the Suez Canal due to the blockage caused by a giant container ship since Tuesday. The crisis has entered its fourth day with no apparent solution in sight.

28 Mar 2021; MEMO: China and Iran, both subject to US sanctions, signed a 25-year cooperation agreement on Saturday to strengthen their long-standing economic and political alliance, Reuters reported.

"Relations between the two countries have now reached the level of strategic partnership and China seeks to comprehensively improve relations with Iran," Chinese Foreign Minister Wang Yi was quoted by Iran's state media as telling his Iranian counterpart Mohammad Javad Zarif.

28 Mar 2021; MEMO: The Syrian regime is 'rationing' fuel as shipments are delayed due to the blockage of Egypt's Suez, The New Arab reported.

The large container ship Ever Given has been jammed diagonally between across the Suez Canal since Tuesday, blocking off both lanes of traffic, and throwing around 12% of world trade into chaos.

This incident has caused delays to imports of oil to Syria, with the country still waiting on a shipment due to arrive last Friday.

New Delhi, Mar 28 (PTI) Seven of the 10 most valued domestic companies witnessed a combined erosion of Rs 1,07,566.64 crore from their market valuation last week, with Reliance Industries accounting for around half of the losses.

Last week, the 30-share BSE benchmark Sensex declined 849.74 points or 1.70 per cent.

Only Tata Consultancy Services (TCS), Hindustan Unilever Limited and HDFC from the top-10 list saw a rise in their market capitalisation.