Toll for vehicles on the Mumbai-Pune Expressway, the first access-controlled road of the country, will increase by 18 per cent from April 1, officials of the Maharashtra State Road Development Corporation (MSRDC) said. A senior MSRDC official said on Tuesday that though the toll increases by six per cent annually, it is implemented cumulatively at […]
Category: Deccan Herald
Deccan Herald
Public money squandered on re-laying fine concrete roads in Bengaluru’s KR Puram
At least three concrete roads in KR Puram’s Jagadish Nagar that are in good shape and pothole-free are broken once again for re-laying, shocking local residents. On Thursday, the Bruhat Bengaluru Mahanagara Palike (BBMP) started work on a new concrete road by breaking 4th main road of Jagadish Nagar. This road construction is part of […]
Give us all the facts, HC tells BBMP on Ballari Road widening
The Karnataka High Court on Wednesday directed the BBMP to submit a comprehensive statement by April 18 regarding the Ballari Road widening work. A division bench headed by Chief Justice Prasanna B Varale passed this direction after going through the affidavit on the works being undertaken from both Cauvery theatre junction to Mehkri Circle as […]
Government puts 106 coal mines on sale in 7th round of auction
The Centre on Wednesday launched the 7th round of commercial coal mines’ auction putting on sale 106 mines spread across 11 states including Jharkhand, Chhattisgarh, Maharashtra and Tamil Nadu. Of the total mines offered under the seventh round, 61 blocks are partially explored and 45 mines are fully explored. The Ministry of Coal also signed […]
Aether Industries inks pact with Saudi Aramco Technologies
Specialty chemical manufacturer Aether Industries on Thursday said it has entered into a pact with Saudi Aramco Technologies Company to manufacture and commercialise the converge polyols technology and product line. Aether Industries has inked a letter of intent (LoI) with Saudi Aramco Technologies to this effect, according to a statement. Saudi Aramco Technologies and Aether […]
Adani pins hopes on 20% earnings growth every year to repay $23 billion debt
Embattled Adani Group is looking at a 20 per cent growth in earnings across businesses spanning from seaports to airports, edible oil and commodities, energy, cement and data centres, to repay about $23 billion of debt over the next 3-4 years in a comeback strategy, sources said. Adani group executives have met bankers, bondholders, analysts […]
Adani pulls back on grand ambitions after Hindenburg bombshell
Two months on from its explosive report into Gautam Adani’s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire’s empire chastened and reevaluating its ambitions. Hindenburg’s allegations of extensive, years-long corporate fraud at the Adani Group have wiped out about $125 billion in market value since January, spurring the tycoon to rein in […]
From manual pricing to ChatGPT: How Air India is transforming under Tata
Air India, until recently tied to an antiquated manual pricing system when setting airfares, is shifting to algorithm-based software long used by rivals to help it squeeze out more revenue from each flight. In another sign of the formerly government-owned carrier’s whirlwind transformation under its new owner Tata Group, Air India is testing ChatGPT, OpenAI’s […]
Pilots’ bodies at Tata Group-owned Air India say airline makes ‘rapid’, ‘regressive’ changes in service conditions
Pilots’ bodies at Tata Group-owned Air India have accused the airline management of making unilaterally “rapid” and “regressive” changes in the service conditions of pilots. In a letter to Air India Chief Human Resources Officer Suresh Dutt Tripathi on Tuesday, Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) also stated that “all unilateral […]
Oil gains for third day on Kurdish supply concerns, easing banking fears
Crude prices rose for a third day in early Asian trade on Wednesday as a halt to some exports from Iraqi Kurdistan raised concerns of tightening supply and market sentiment improved as fears of a banking crisis eased. Brent crude futures rose 42 cents, or 0.5 per cent, to $79.07 a barrel at 0046 GMT. […]
Oil prices soften; banking crisis and Chinese demand in focus
Crude prices retreated on Tuesday after rallying the previous session, with markets focused on developments in the banking crisis and indications of strengthening demand in China. Prices eased after rising at the fastest pace in more than four months on Monday. West Texas Intermediate US crude was down 1 cent, or 0.01 per cent, to […]
Russia says it has rerouted all oil exports hit by Western embargo
Russia has successfully redirected all its crude oil exports affected by Western sanctions over Ukraine to “friendly” countries, Energy Minister Nikolai Shulginov said on Tuesday, while still a decline in oil and gas output this year. The West imposed wide-ranging sanctions, including an embargo on seaborne Russian oil imports, after Moscow sent its armed forces […]