As many as 73 roads with “operational significance” are being constructed along the Sino-India border, the Lok Sabha was informed today. “The government has decided to undertake construction of 73 roads of operational significance along Indo-China border. Out of these 73 roads, 46 are being constructed by the Ministry of Defence and 27 by the […]
Day: July 18, 2017
Ahead of privatisation, Air India eyes bumper staff buyout
Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, a senior company official said, one of the largest such offers in India’s state sector, as the carrier slashes costs ahead of a 2018 sale. The official, who could not be named as the plans […]
‘Domestic manufacturing couldn’t support current solar generation growth’
At a time when the solar power capacity addition has grown leaps and bounds, touching 10 GW in last fiscal, domestic solar cells and modules manufacturing has taken a backseat. While the government initiated some support to protect it against the flooding of cheap Chinese counterparts, the domestic industry continues to face demand glut. In […]
HPCL, ONGC merger wouldn’t bring synergy: Ambit Capital
Acquisition of government stake in HPCL by ONGC wouldn’t bring much synergy benefits to the two companies but would, instead, result in the weakening of high-performance culture at the target company, Ambit Capital has said in a report. “ONGC parentage could mean interference (from ONGC or government), highly probable participation in upstream and, more importantly, […]
UDAN scheme: TruJet to add 10 destinations with 7 aircraft
Hyderabad-based TruJet, one of the private airlines, which has bagged travel routes under UDAN scheme is planning to add 10 destinations with seven aircraft. The airline started operations in July 2015 and is currently catering to seven destinations with 16 flights. Antara Dey, spokesperson of the airline said that over the next two years, the […]