State-owned oil firms’ capital expenditure has hit a four-year low with PSUs such as ONGC and IOC planning to invest Rs 93,693 crore in oil and gas exploration, refining and petrochemicals in the 2019-20 fiscal year.
Day: February 4, 2019
Jet rejigs ticket distribution, snaps ties with Amadeus
Debt-laden Jet Airways has ended its partnership with Amadeus, one of the largest global air ticket reservation data providers and a Global Distribution System (GDS) company.
Jet Airways rejigs ticket distribution, snaps ties with Amadeus
As a part of its cost-cutting and turnaround plan, Jet Airways has changed its ticket distribution strategy. The debt-laden airline has ended partnership with one of the largest global air ticket reservation data provider and Global Distribution System (GDS) company, Amadeus.
Sri Lanka to borrow USD one billion from China for highway project
Sri Lanka, which last year handed over a strategic port to a Chinese firm for a 99-year lease as a debt swap, will soon sign a USD 1 billion consessional loan agreement with Beijing to fund a major highway project linking Colombo to the hill resort of Kandy.
PW engine woes: IndiGo grounds A320 neo plane in Lucknow
IndiGo has grounded an A320 neo aircraft at Lucknow due to problem in the Pratt & Whitney engine, according to a source. The aircraft has been grounded for maintenance since January 31. P&W engine-powered A320 neos have been grappling with problems and aviation regulator
Construction equipment sector growth slows down to 10 per cent
IL&FS and its subsidiaries have defaulted on many debt instrumentsdue to insufficient funds
Union Budget 2019: Big achievements by the infrastructure sector! 15 key announcements
Union Budget 2019: Today, Finance Minister Piyush Goyal presented this year’s Union Budget 2019. In his debut budget speech, the minister announced the highest ever allocation for Indian Railways that is of Rs 1.58 lakh crore
Budget 2019: Going beyond incremental growth; India set for quantum leap in road, waterways, railways sectors, says Piyush Goyal
Union Budget 2019: Going beyond incremental growth, India has attained the fastest growth in highways building at 27 km a day and is all set for a quantum leap in transport infrastructure be it railways, waterways, airways or digiways, Union Finance Minister Piyush Goyal said Friday
363 infrastructure projects show cost overrun of over Rs 3.42 lakh crore
As many as 363 infrastructureNSE -1.66 % projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.42 lakh crore owing to delays and other reasons, a report said.
Supreme Court stays pollution penalties on NTPC
NEW DELHI: The Supreme Court has stayed the National Green Tribunal’s hefty fines on power producer NTPCNSE -0.71 % for not fully utilising ash generated from its thermal projects and asked the tribunal to hear the company’s
Oil PSU capex drops to 4-yr low for 2019-20
NEW DELHI: State-owned oil firms’ capital expenditure has hit a four-year low with PSUs such as ONGC and IOC planning to invest Rs 93,693 crore in oil and gas exploration, refining and petrochemicals in the 2019-20 fiscal year
Cairn India’s investment in Anglo American met all governance standards: Vedanta
MUMBAI: Natural resources major Vedanta has clarified on Monday that Cairn’s investment in Anglo American met all governance standards and was made on an arm’s length basis and had been valued by an independent valuer and approved by boards of both Cairn