Reached settlement with Celestial Aviation, formalities remain: SpiceJet

SpiceJet, the low-cost airline, informed the National Company Law Tribunal (NCLT) on Monday that their disagreement with aircraft lessor Celestial Aviation is nearly resolved, with only formalities remaining. Senior advocate Krishnendu Dutta, representing SpiceJet, informed the tribunal that substantial progress had been made, with partial payments already made, and requested an adjournment to finalise the […]

L&T Construction bags significant order for Railway Business Group to construct Jakarta Mass Rapid Transit Project

L&T Construction on Monday said that its Railways Strategic Business Group has secured a significant order to construct the Jakarta Mass Rapid Transit (MRT) Project (Phase 2A) (Contract Package CP205) for MRT Jakarta through L&T’s long-term Japanese partner, Sojitz Corporation. This contract, it added, marks the first EPC Railway Systems Order for L&T in the […]

PM Narendra Modi to unveil 7 railway projects in Ambala division

Prime Minister Narendra Modi will virtually lay the foundation stones of six road underbridges and overbridges, besides inaugurating an underbridge under the Ambala division of the Northern Railway on Monday. As per the Railways, the Prime Minister will lay the foundation stone, inaugurate and dedicate to the nation around 2,000 railway infrastructure projects costing over […]

53-wagon freight train runs for over 70 km from Jammu and Kashmir to Punjab without drivers

JAMMU/CHANDIGARH: A diesel locomotive-hauled freight train travelled more than 70 kilometres from Jammu and Kashmir’s Kathua to a village in Punjab’s Hoshiarpur district without its drivers on Sunday, officials said. No casualty or damage to property has been reported, they said and added that an inquiry has been ordered into the incident that took place […]

New ‘deemed approval’ provision added to avoid delay in MoRTH projects

NEW DELHI: Taking note of the delays in sanctions given to various reports submitted during the preparation of Detailed Project Reports (DPR), the Ministry of Road Transport and Highways (MoRTH) has introduced a provision of ‘deemed approval’ if the officers concerned fail to clear the documents on time. However, each case of ‘deemed approval’ will […]