NEW DELHI: The Directorate General of Civil Aviation (DGCA) on Thursday imposed a fine of Rs 30 lakh on Tata Group airline Air India for denying wheelchair to an 80-year-old passenger, and he collapsed and later died after walking from plane to terminal at the Mumbai airport. The incident took place on February 12. A […]
Day: March 2, 2024
Centre hikes windfall tax on crude petroleum, cuts levy on diesel
NEW DELHI: The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from Rs 3,300 per tonne with effect from Friday. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on export of diesel, however, has been cut to nil from Rs 1.50 […]
Road ministry to release excess performance security deposit to contractors to ease liquidity crunch
The ministry of road transport and highways will cap the additional performance security deposit for existing road contractors building highways on the engineering-procurement-construction (EPC) mode to 3% of the bid price and release any additional performance security deposited by them at the time of bidding to ease the liquidity crunch.
Coal-producing states earn revenue worth Rs 1.52 lakh cr in last 9 yrs: Centre
New Delhi, Coal-producing states earned a revenue of Rs 1.52 lakh crore in the last nine years from royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET). State-wise and year-wise data indicate that the coal mining sector is a very significant contributor to the revenue of states including Jharkhand, Chhattisgarh, Odisha and Madhya […]
Boeing confirms it’s in talks to buy Spirit AeroSystems, its key supplier on the troubled 737 Max
Boeing said Friday that it is in “preliminary discussions” to buy Spirit AeroSystems, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door-panel blowout on an Alaska Airlines flight in January. Boeing used to own Spirit, and it said that bringing the manufacturer back into the Boeing fold would improve […]
Adani Group to invest Rs 75000 crore in Madhya Pradesh
Adani Group will invest around Rs 75,000 crore in Madhya Pradesh across segments including road, cement, natural resources, thermal power, renewable energy, and power transmission, said Pranavi Adani, Managing Director (Agro, Oil & Gas) and Director, Adani Enterprises. Adani was speaking at the two-day investor summit, the Regional Industry Conclave, that kicked off in Ujjain, […]
PM Modi launches rail, power, coal projects worth over Rs 35,000 cr in Jharkhand
Prime Minister Narendra Modi on Friday launched rail, power, coal projects totaling Rs 35,700 crore in Jharkhand, aiming to bolster the state’s development. Moreover, the PM dedicated the revived Sindri fertiliser plant, managed by Hindustan Urvarak and Rasayan Limited. Among these projects, he dedicated the Rs 8,900-crore fertiliser plant of Hindustan Urvarak & Rasayan Ltd […]
PM Modi launches projects worth Rs 7,200 cr in Arambagh area in West Bengal
Prime Minister Narendra Modi on Friday inaugurated and laid the foundation stone for projects worth Rs 7,200 crore in Arambagh area of Hooghly district in West Bengal. The Prime Minister laid the foundation stone and dedicated to the nation multiple developmental projects related to sectors like rail, ports, oil pipelines, LPG supply and wastewater treatment.
Multiple flyover, foot overbridge projects to be completed by March 31: Delhi Economic Survey
Some flyovers and foot overbridges are likely to be completed in 2024 that will ease traffic congestion and facilitate pedestrian movement, according to the Delhi Economic Survey 2023-24. Finance Minister Atishi presented the Economic Survey in the Delhi Assembly on Friday. According to the survey, three footover bridges that are under construction at Sri Aurobindo […]
1993 train bombings: CBI to challenge Tunda’s acquittal in Supreme Court
New Delhi, The CBI will challenge before the Supreme Court the acquittal of Abdul Karim Tunda in the 1993 serial train blasts case by a special court in Ajmer, officials said Friday. The agency said 12 people have been convicted in the case so far including Irfan and Hamir-Ul-Uddin, who were sentenced to life imprisonment […]
PM Modi to launch multiple development projects in West Bengal, Bihar today
Prime Minister Narendra Modi will inaugurate, lay the foundation stone of and dedicate to the nation multiple development projects worth crores in West Bengal and Bihar on Saturday. The Prime Minister who is on a two-day visit to three states, reached West Bengal’s Arambagh on Friday afternoon where he launched several development projects and addressed […]
Adani Energy in early talks for up to $500 million dollar bond issue, sources say
MUMBAI, – India’s Adani Energy Solutions is planning to raise around $400 million-$500 million through a private placement of bonds for which it is in early talks with U.S. institutional investors, a company source and a banker aware of the plan said. “The deal will materialise in the next three months and we are seeing […]