Monthly Archives: August 2018

China mulls exit from Nepal’s Seti hydropower project

Citing high resettlement and rehabilitation costs, China is planning to make an exit from 750-megawatt West Seti hydropower project in Nepal, reported the South China Morning Post quoting sources in Kathmandu. A high-level delegation from CWE Investment Corporation, a subsidiary of China Three Gorges Corporation that had undertaken to execute the project in a memorandum

Oil slips as trade war worries outweigh Iran sanctions

Oil prices slipped on Friday as concerns over the impact of a global trade war depressed sentiment, although impending U.S. sanctions on Iran and falling Venezuelan output limited losses. Benchmark Brent crude oil was down 40 cents a barrel at $77.37 by 0840 GMT. U.S. light crude was 30 cents lower at $69.95. U.S. President

RInfra bags Rs 19-bn contract for package 7 of Nagpur-Mumbai e-way

Anil Ambani-led Reliance Infrastructure (RInfra) on Friday said it has bagged a contract worth Rs 19.07 billion from the Maharashtra State Road Development Corporation (MSRDC) for package-7 of Nagpur-Mumbai Samruddhi Expressway project. The contract involves the development of package-7 from 296 km to 347 km, which is a part of Maharashtra government’s flagship Rs 460-billion

Mumbai airport renamed as Chhatrapati Shivaji ‘Maharaj’ International Airport

Nearly two years after a resolution was passed in the Maharashtra Assembly, Chhatrapati Shivaji International Airport has finally been rechristened as Chhatrapati Shivaji ‘Maharaj’ International Airport. Confirming the development, Union Civil Aviation Minister Suresh Prabhu on Thursday said the long-pending demand of the state had been fulfilled.