Banks have assured funding to the tune of Rs 1.30 trillion for highways construction, Road Transport and Highways Minister Nitin Gadkari said on Thursday. He said 403 projects worth Rs 3.85 trillion were stalled during the UPA regime. The present NDA government, after assuming power in May 2014, has put on track Rs 3 trillion […]
Day: July 19, 2018
US authorities probe midair crash that killed Indian trainee pilot
Police and aviation authorities in Florida’s Miami-Dade are scouring a swampy grassland for clues to help explain what caused the midair collision between two small aircraft in which an Indian woman trainee pilot and three others were killed. The body of the fourth victim of the midair collision between the two small aircraft of a […]
Sri Lanka asks AAI to submit business plan on Mattala airport operation
Sri Lanka has asked the Airport Authority of India to submit its business plan for operating the country’s loss-making Mattala Rajapaksa International Airport in southern Hambantota, Civil Aviation Minister Nimal Siripala de Silva told parliament today. The minister’s remarks came in response to the Opposition’s question asking the government to disclose the details of the […]
Security concerns over TAPI gas project need to be addressed: Akbaruddin
India has said the ambitious TAPI gas pipeline brings with it both reward and risk and the genuine regional security concerns associated with the USD 10 billion trans-national project should be heeded and addressed sincerely. The Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project seeks to build connectivity in the South and Central Asian regions through gas pipelines and […]
Indian Oil, BPCL, Adani top bidders for city gas licences
State-owned fuel retailers IOC and BPCL as well as billionaire Gautam Adani’s group were the top bidders for gas retailing licences in the country’s biggest city gas distribution (CGD) bid round. Of the 86 cities offered for retailing of CNG to automobiles and piped cooking gas to households in the 9th CGD bid round, IOC […]
IOCL asks CBI to investigate gangster’s link with petrol pumps
The Indian Oil Corporation Limited (IOCL) has sought a probe by the Central Bureau of Investigation (CBI) into alleged irregularities in allotment of two retail outlets in Odisha to the family of a gangster, who is now behind bars. The IOCL had been asked to send a report on the issue after the matter regarding […]
Oil prices fall on record U.S. output, stock build
Oil prices fell on Thursday after official data showed an unexpected rise in U.S. crude stockpiles, U.S. output hit a record high and major oil exporters increased production. International crude oil benchmark Brent was down 85 cents at $72.05 a barrel by 0945 GMT. U.S. light crude was 75 cents lower at $68.01. Brent has […]
CIL’s Northern Coalfields, Indian Railways to invest up to Rs 6,000 crore in tracks
Coal India subsidiary Northern Coalfields and the railways are jointly investing about Rs 6,000 crore in Madhya Pradesh to lay new tracks and turn the existing ones into dual gauge, a move the coal behemoth hope will help it sell an additional 15 million tonnes of the fuel. “Although we would be producing 100 million […]
Godawari Power gets 1.15 lakh MT of long-term coal supply
Godawari Power & Ispat today said it has been awarded 1,15,900 metric tonne (MT) of long-term coal linkage to be used in its sponge iron unit in the recent auction of Coal India. With this, the aggregate quantity of coal supply for the company’s sponge iron division shall be 4,95,000 MT, it said in a […]
India seen hoarding Chinese solar cells before safeguard duty kicks in
India’s plan to cut imports of Chinese solar cells and modules by imposing a safeguard duty may have the opposite effect in the short run, according to ICBC International Research Ltd. Stockpiles could rise rapidly as Indian developers hoard more modules before the proposal to impose a 25 per cent safeguard tariff is expected to […]