Senior Congress leader P Chidambaram on Sunday took a swipe at the government over rising airfares, saying that in free markets, when demand increases, supply will increase, but in India’s free market, when demand increases, prices will increase. The Congress has been attacking the government, demanding concrete action over rising airfares. In a tweet, Chidambaram […]
Category: The Indian Express
Indian Express
Adani Group set to acquire train booking platform Trainman
Adani Digital Labs, a wholly owned subsidiary of the Adani Group, said on Friday that it is acquiring 100% equity in Stark Enterprises, that operates the online train booking platform Trainman. “Adani Digital Labs Private Limited, a wholly owned subsidiary of the Company has signed a Share Purchase Agreement in relation to its proposed acquisition […]
Why a huge coal power plant in Bangladesh keeps running out of coal
One of the world’s newest, most contested coal-burning power plants began operation in December. By January, it had ground to a halt for a month. Again, in April, it sat idle for 23 days. The reason: It didn’t have coal to burn. That meant it couldn’t produce any electricity nor make money to recoup the […]
Under scanner for Russia crude transport, Gatik distances itself from fleet
Mumbai-based Gatik Ship Management, which emerged as one of the largest transporters of Russian crude over the past year, has been busy transferring oil and fuel tankers managed by it to a web of seemingly related shipping companies, as per an analysis of changes in the mysterious shipper’s fleet records over the past few weeks. […]
Banks may consider forensic audit of Go First accounts
Banks are planning to conduct a forensic audit of the accounts of cash-strapped Go First Airlines, which has filed for bankruptcy protection, to assess if there was any diversion of funds. The airline, promoted by the Wadias, had voluntarily filed for insolvency resolution proceedings before the Delhi bench of the National Company Law Tribunal (NCLT) […]
Soon, 100 cops in plainclothes to patrol Delhi Metro coaches
In a bid to crack down on acts of “nuisance” and “obscene activities” inside the Delhi Metro, Delhi Police will now deploy over 100 of its personnel in civilian clothes inside the compartments at pre-identified stations, official said. Along with DMRC and CISF officials, these police personnel will prosecute offenders on the spot and take […]
2 minors among 6 injured in blast after gas leak at Khar
At least six people including two minors sustained severe burns in a gas leak-induced blast at Koliwada in Mumbai’s Khar suburb on Monday morning. “The gas leak occurred in one of the rooms of the residential building leading to the accumulation of gas. After this, there was a spark because of which the accumulated gas […]
Allegations of Adani Group investigations since 2016 factually baseless: Sebi informs Supreme Court
The Securities and Exchange Board of India (Sebi) Monday informed the Supreme Court that it had not probed any Adani Group of companies since 2016 as alleged by some of the petitioners who have sought a probe into the claims by the Hindenburg Research on the group. In a rejoinder affidavit, the market regulator said […]
Man ‘molests’ crew member on Sharjah to Amritsar flight, arrested
A passenger on an IndiGo flight from Dubai was arrested for allegedly harassing a woman crew member and creating a ruckus onboard after he arrived at Amritsar’s Sri Guru Ram Dass Jee International Airport Monday morning. The passenger, identified as Rajinder Singh from the Kotli village in Jalandhar, was reportedly drunk. Ajay Kumar, Assistant Security […]
NCRTC explores non-fare revenue options for Delhi-Ghaziabad-Meerut RRTS
The National Capital Region Transport Corporation (NCRTC) is exploring options to raise non-fare revenue with branding and advertising in the upcoming Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS). It recently held an interaction with representatives of various industries. The NCRTC will soon commission the 17-km priority section of India’s first RRTS, RAPIDX. It includes five stations […]
IL&FS money laundering case: ED issues fresh summons to NCP MLA Jayant Patil
The Enforcement Directorate (ED) has issued fresh summons to Maharashtra NCP president and MLA Jayant Patil for questioning in a money laundering case linked to alleged financial irregularities in the now bankrupt financial services firm IL&FS, official sources said Monday The 61-year-old MLA from Islampur seat of Maharashtra was issued the first summons for appearance […]
‘Pani Bachao, Paisa Kamao’: Punjab power corp moots scheme to reward farmers for saving electricity
Pani Bachao, Paisa Kamao — that is what the Punjab State Power Corporation Limited (PSPCL) has proposed as a scheme for farmers ahead of the Kharif season to get direct incentives in their bank accounts. The PSPCL had officially mooted the scheme during the Dooji (second) Sarkar–Kisan Milni which was held at Punjab Agricultural University, […]