In April 2017, Mumbai Housing and Area Development Board (MHADB) invited tenders for the redevelopment project of Bombay Development Department (BDD) Chawls on CTS Nos. 1539 & 1540 of Lower Parel Division at Worli in Mumbai. Under this project over 90 year old, 121 four-story (G+3) buildings, having a total of 9,689 tenements (each with […]
Lenders led by the State Bank of India (SBI) are seeking dispensation from the RBI to restructure the debt of VOVL Ltd, formerly known as Videocon Oil Ventures Ltd. VOVL has been declared as NPA and its 180-day period for resolution plan ended on August 27, 2018, after which the SBI was required to refer […]
Recently Delhi Metro Railway Corporation Ltd (DRMC) was in headlines when a study by a private body, Centre for Science and Environment (CSE), claimed that Delhi Metro is the world’s second most unaffordable metro network. Quickly, DMRC countered the report stating that the study conducted by CSE is based on incorrect information and is therefore […]
On April 12, 2018, Petroleum and Natural Gas Regulatory Board (PNGRB) launched 9th CGD Bidding Round for development of City Gas Distribution (CGD) networks for the 86 Geographical Areas (GAs) which includes 174 districts (156 complete and 18 part) across India. It has evaluated bids and also issued of Letters of Intent (LoIs) to all […]
In June 2016, a tender was invited by Bhogapuram International Airport Corporation Ltd (BIACL) for the development of Bhogapuram International Greenfield Airport for commercial use in Vizianagaram district, near Visakhapatnam in Andhra Pradesh.
On August 27, 2018, the government has issued policy allowing drones for commercial purposes from December 1, 2018 for a height up to 400 feet but within the line of sight of the operator.
India’s Chennai Petroleum will stop processing Iranian crude oil from October to keep its insurance coverage once new sanctions by the United States against Iran go into effect, three sources familiar with the issue said. Iran’s Naftiran Intertrade Co Ltd, a trading arm for state-owned National Iranian Oil Co, owns a 15.4 percent stake in […]
Mumbai-based professional Prashant Sharma had never realised flying could be “so terrifying” until his Thursday morning flight to Jaipur. There were screaming and cries and many of his co-passengers suffered nose and ear bleeding as the crew of the Jet Airways flight “forgot” to turn on a switch that controls cabin air pressure. According to […]
Taking note of long queues at gas stations leading to traffic woes, the Environment Pollution Control Authority (EPCA) has directed the Indraprastha Gas Limited to increase dispensing capacity of CNG. Sunita Narain, member of EPCA, confirmed that a direction has been given to IGL to increase dispensing capacity. At present, there are 450 CNG-filling stations […]
Coal India has decided to supply 16 goods train full of coal to Tamil Nadu Generation and Distribution Corporation every day as demand for power in the state has increased. Sixteen rakes would send around 6.1 lakh tonnes of coal per day, of which 4.95 lakh tonnes would be supplied by Coal India subsidiary Mahanadi […]
State-run power utility MSEDCL plans to set up 500 electric vehicle charging stations across Maharashtra to encourage use of green energy by automobiles, an official said Thursday. In the first phase of the project, 50 such stations will soon come up in Mumbai, Navi Mumbai, Panvel (four each) Thane (six), Pune, Nagpur (10 each) and […]
A sharp fall in availability of coal has left aluminium producers having captive plants with no option but to import the dry fuel, thereby sharply increasing the cost of production, an industry body has said. “Primary aluminium producers are facing severe coal crisis. There is a severe fall in coal supply. Sufficient amount of coal […]
