March 10: Essar Energy has no plans to close its Stanlow oil refinery in Britain, the company said on Monday, in response to a newspaper report that the troubled plant is under threat from “uneconomic conditions”. Shares of the company fell as much as 4.5 per cent on Monday. City A.M., a free newspaper distributed in London’s financial district, reported that the future of Britain’s second-largest oil refinery was under threat from an influx of refined products from the US.
New Delhi, March 10: At least three auditors have come under the scanner of the ministry of corporate affairs for their alleged lapses in carrying out audits of crisis-hit National Spot Exchange Ltd (NSEL) and its promoter group Financial Technologies (India) Ltd.
Hyderabad, March 10: The government is planning to build nearly 200 low-cost airports in the next 20 years to expand connectivity to tier-II and tier-III cities, a senior aviation official said today.
