Editorial- August 2023 The lenders who decided to hand over 600 MW Power Plant of Vidharbha Industries Power Ltd (VIPL) to a tainted Asset Reconstruction Company (ARC), have much to answer for. CFM Asset Reconstruction Pvt Ltd – the acquirer of Rs 2,500 crore debt for Rs 1,265 crore – was allowed to take away the asset for […]
MG Motor, Epsilon tie up for EV charging solutions, battery recycling MG Motor India on Thursday said it has partnered with the Epsilon Group for EV charging solutions and battery recycling. As part of the collaboration, the automaker has signed an MoU with two Epsilon Group subsidiaries – Power EV, for charging solutions and LICO, for battery recycling and second-life expertise. As per the agreement, Power […]
NALCO posts record cast metal production at 4.63 lakh metric tonne in FY24 State-owned NALCO has made a record production of cast metal at 4,63,428 metric tonne during the financial year 2023-24. The company has also made its highest-ever metal sales of 4,70,108 metric tonne during the fiscal ended March 31, it said in a statement on Tuesday. The excavation of bauxite reached a record high of 7,600,230 […]
India’s oil import bill hits $10.7 billion in March, up from $9.8 billion last year India’s indigenous crude oil and condensate production in March 2024 reached 2.5 million metric tons (MMT), marking a 2.02% increase from March 2023, according to data from the Petroleum Planning and Analysis Cell (PPAC). Oil India Limited (OIL) reported production of 0.3 MMT, Oil and Natural Gas Corporation (ONGC) produced 1.6 MMT, and production under […]
Govt looking at differentiated regulatory framework for civilian, industrial use drones The civil aviation ministry will look at having a differentiated regulatory framework for drones used for civilian and industrial purposes, a senior official said on Tuesday as he pitched for indigenous development of the drone ecosystem. Civil Aviation Secretary Vumlunmang Vualnam also emphasised that the government will make efforts to promote drones as well as […]
IRB Infra Trust SPVs make payment of Rs 6,111 cr to NHAI for TOT projects IRB Infrastructure Trust, an associate of IRB Infrastructure Ltd, on Monday said its special purpose vehicles have made an upfront payment of Rs 6,111 crore to National Highways Authority of India (NHAI) for toll operate transfer projects. The SPVs made an upfront payment of the concession fee of Rs 6,111 crore to the NHAI (TOT12 […]
Kolkata Metro’s non-fare revenue soars by nearly 20%, outpacing previous year’s earnings The Kolkata Metro Railways recorded a massive increase of 19.9 per cent in non-fare revenue earnings for the fiscal year 2023-24, generating more revenue than the last year. A spokesperson for the Metro named Kausik Mitra said they earned Rs 43.56 crore from April 1, 2023, to March 31, 2024, which is more than the […]
IndiGo cancels flights to and from Dubai until 12 pm today; adverse weather continues to hit flight operations
World’s Best Airports: Singapore’s Changi airport loses the crown to a new king; just 4 Indian airports in top 100 airports list
Virgin Atlantic aircraft and British Airways plane suffer ground collision at London’s Heathrow Airport
Indian air carriers witness 478 snags due to malfunctioning engineering parts in last 12 months: Civil Aviation Ministry
Pune Infra Watch: To make Pune first EV ready city in India, PMC to announce new policy decisions from July 1
Cooking gas LPG rates for Ujjwala consumers cheapest in India compared to neighbouring nations: Government
Aviation revolution in works: Midair gap between aircraft set to halve from January 1 – here’s what it means
More high-speed national highway corridors soon! Government looks to increase average speed to 85 kmph
SpiceJet gets fresh lifeline: Mumbai-based business couple Harihara and Preeti Mahapatra to invest Rs 1,100 crore
Adani Group Loan at Rs 126,354 cr Magazine News July 30, 2018 admin PricewaterhouseCoopers Pvt Ltd in a confidential report to State Bank of India has stated that the Adani group’s four verticals’ total “outside liability” as on March 31, 2017 stands at Rs 126,354 crore. Sharing Facebook Twitter LinkedIn Email Print