Capital to Jaipur, Gwalior and Kanpur freight rates moved down by Rs 1,000 each to Rs 17,000, Rs 15,000 and Rs 21,000.
Freight rates for the nine-metric tonne pay load section ruled flat at the local truck transport market in the national capital following limited cargo movements against easy position of trucks.
Transporters said reduced cargo movements and sufficient availability of trucks in the market kept freight rates at overnight levels.
Danish shipping company A.P. Moller-Maersk slashed its 2018 earnings forecast on Tuesday due to weak second-quarter freight rates and higher prices for bunker fuel, although the downgrade was smaller than feared, analysts said.
Freight rates for the 9-metric tonne pay load section declined by Rs 1000 at the local truck transport market in the national capital following ample availability of trucks in the market amid restricted cargo movements.
Freight rates for the nine-tonne pay load section depicted higher by Rs 1,000 at the local truck transport market.
Freight rates for nine-tonne pay load section went up by Rs 1,000 at the local truck transport market in the national capital.
Freight rates for nine-tonne pay load section declined by Rs 1,000 at the local truck transport market in the national capital.
Transporters said large position of trucks against restricted cargo movements mainly attributed fall in freight rates for some centres.
Transporters said prices after moving both ways on alternate bouts of buying and selling, settled around previous levels.
Aircel moves SC to make Airtel clear dues
Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf
Bank guarantees have lapsed and Aircel wants Airtel to pay the money
Alleged that Airtel is trying to usurp the sum
Aircel says without the money it may get liquidated
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
To decide on buy back of shares on Aug. 20
JET AIRWAYS CLARIFIES
Co planning $400 Mn stake sale is speculative in nature
Jet Auditor BSR may quit if issues are not resolved is factually incorrect
Have been pro-actively working on multiple revenue enhancements
Evaluating various funding options to meet liquidity requirements on priority
Relationship with Etihad Airways very strong
No delays in discharging any loan obligations to any of the lenders
Default status in tabular statement only due to technical errors, rectified now
Clarifies that reports of stake sale are purely speculative
Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect
Seeks lenders help in bid to avoid default
Airline wants waiver of loan covenant on existing debt facility of $185mn
Co has to repay or refinance at least $500mn of existing debt to avoid default
Told lenders it won’t be able to meet min $50mn profit condition for FY19
Consortium of lenders yet to decide on Jet’s request
Airline’s total debt was Rs 9430 Cr as on 31st March 18
NSE TO JET AIRWAYS
Have noticed a difference in your responses dated August 9 & 10
Clarify whether mgmt extension from audit committee as per Aug 10 response
Or did Audit Committee not recommend results to board as per Aug 9 response?
In Aug 10 response, details of "Certain Matters Not Closed" not provided
Provide exact reasons for which audit committee has not approved results
Again ask you to give us date when board meet to consider results will be held