Torrent Power has inked a share purchase pact to acquire 100 per cent equity in a 50 MW solar plant of SkyPower Group at an enterprise value of Rs 417 crore. Torrent Power Ltd has entered into a Share Purchase Agreement (SPA) with SkyPower Southeast Asia III Investments Limited and SkyPower Southeast Asia Holdings 2 […]
Category: Business Standard
Business Standard
India has suspended tourist visas issued to Chinese nationals: IATA
India has suspended tourist visas issued to Chinese nationals, global airlines body IATA told its member carriers on April 20. India has been raising with China the plight of approximately 22,000 Indian students enrolled in Chinese universities who are unable to go back for physical classes. However, the neighbouring country has till date refused to […]
Privatised Air India loses priority in international traffic rights
Air India will no longer enjoy a priority in allocation of international traffic rights. This follows its takeover by Tata Sons in January. The Directorate General of Civil Aviation has dropped a clause which gave Air India an advantage over other private airlines in the amended rules issued on April 19. The rules deal with […]
Sitharaman discusses growth potential in MRO with Boeing Defense CEO
Finance Minister Nirmala Sitharaman on Friday met Boeing Defense CEO Ted Colbert and discussed opportunities for investments and growth in maintenance, repair, and operations (MRO) and aircraft leasing in India. The Finance Minister is visiting the US to attend IMF-WB Spring Meetings 2022. “Union Finance Minister Smt. @nsitharaman met Mr Ted Colbert, President & CEO […]
Devi of Kanyakumari will soon meet Vaishno Devi with single road: PM Modi
Prime Minister Narendra Modi on Sunday said that the idea of Ek Bharat Shreshtha Bharat is to focus on bridging distances, asserting that the government’s aim is to provide all-weather connectivity to Jammu and Kashmir. When I speak about ‘Ek Bharat, Shreshtha Bharat’, our focus is on connectivity and bridging distances. Our aim is to […]
PM Modi to lay foundation of over Rs 20,000 cr projects in J&K today
Prime Minister Narendra Modi will inaugurate and lay the foundation of multiple development initiatives worth around Rs 20,000 crore in Jammu and Kashmir on Sunday. Modi is arriving here to attend the Panchayat Raj Diwas at Palli Gram Panchayat in Samba district. This is the Prime Minister’s first visit to J&K after the abrogation of […]
Nitin Gadkari inaugurates seven NH Projects worth Rs 5,569 cr in Aurangabad
Union Minister for Road Transport and Highways Nitin Gadkari on Sunday inaugurated 7 National Highway Projects worth Rs 5569 crores in Aurangabad district. Speaking on the occasion, Gadkari said road transport in the city is important in the development of tourist centers in Aurangabad district, which is a major tourist destination of the state. The […]
Gadkari announces Rs 10,000 cr expressway project between Aurangabad-Pune
Union Road Transport and Highways Minister Nitin Gadkari on Sunday said an access- controlled expressway will be constructed between Aurangabad and Pune at a cost of Rs 10,000 crore to considerably reduce the travel time between the two Maharashtra cities. Gadkari on Sunday dedicated to the nation 86 km of roads on National Highway no. […]
South Central Railways harness new-age containers for bulk cement transport
In a first-of-its kind initiative which is a potential game changer in the transportation of bulk cement, South Central Railways (SCR) has loaded Bulk Cement in Specialised Tank containers and Containers with Liner Bags. The specialised tank containers offer flexibility for movement by rail, road or ship. The first rake has been loaded from M/s […]
Russian energy embargo could deal big blow to German economy: Bundesbank
If Germany joined an energy embargo against Russia, its economy could be significantly weakened, says a monthly report published by Germany’s central bank Deutsche Bundesbank. In an intensified crisis scenario, Germany’s real gross domestic product (GDP) would decline by just under two per cent in the current year compared with 2021, according to the report, […]
Railways policy promises up to Rs 1.5 crore seed money for innovations
The railways will invest in startups to get a headstart in procuring innovations directly from them with a promise of up to Rs 1.5 crore of seed money for innovative technological solutions for the national transporter, according to a policy paper. The Indian Railway Innovation Policy will identify and enable Indian innovators to engage with […]
Railways reduces discounts on haulage charges for container movement
The Ministry of Railways will scrap the 5 per cent discount on haulage charges for the movement of loaded containers from 1 May, along with a reduction in the discount rate offered on movement of empty containers. The ministry, in a circular, said that the reduced rates of 15 per cent per twenty-feet equivalent unit […]