Private sector investment in road construction till November this financial year stood at Rs 15,164.25 crore, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Road Transport and Highways Minister Nitin Gadkari said private sector investment in road construction in 2020-21 and 2019-20 was Rs 12,475.53 crore and Rs 21,925.98 crore, […]
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Oil prices head for flat week on Omicron Covid variant uncertainty
Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly. U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.2%, to $72.21 a […]
BEML, RITES ink pact, to bid for Metro systems, export of rolling stock
BEML Limited has signed a Memorandum of Understanding (MoU) with RITES Limited, a leading transport infrastructure consultancy and engineering company, to explore and jointly bid for opportunities in the fields of Metro systems and export of rolling stock. As part of the MoU, RITES will provide expertise in design, engineering, marketing and any other support […]
Railway to operate 4 Rajdhani Express trains with new upgraded Tejas takes
Government on Thursday said it has introduced a new era of train travel experience with enhanced comfort with the conversion of Rajdhani Express coaches with new upgraded Tejas Trains. “The introduction of this modern Tejas Sleeper type train for long distance journey is another paradigm shift by Indian Railways for enhancing the travel experience for […]
CIL to raise coal stock at thermal plants to 45 mn tonnes by fiscal-end
State-owned CIL on Thursday said it has drawn up plans to boost coal stock at thermal power plants to over 45 million tonnes (MT) from its own sources by the end of the ongoing fiscal. Coal India Ltd (CIL) is aiming for the highest-ever closing stock at power plants, the PSU said in a statement. […]
99 coal mines for commercial mining put on sale in fourth round of auction
The government on Thursday launched the fourth round of auction of coal mines for commercial mining under which 99 blocks have been put on sale. With coal mines rolling over from third round of commercial auction and second attempt of second tranche of commercial auctions, there will be total 99 mines on offer, the coal […]
Govt may push more reforms in mining sector ‘very shortly’: Joshi
Coal and Mines Minister Pralhad Joshi on Thursday said the government might come out with some more reforms in the mining sector “very shortly”. Joshi said that with the time several amendments have been made in rules concerning the mining sector as well and the mines ministry will continue to bring reforms further as per […]
Oil prices dip, heads for flat week amid uncertainty over Omicron
MELBOURNE (Reuters) – Oil prices dipped on Friday, putting the market on track to end the week roughly unchanged, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly. U.S. West Texas Intermediate (WTI) crude futures fell 17 cents, or 0.2%, […]
Oil rises towards $75 as US demand and Fed outweigh virus concern
LONDON (Reuters) -Oil rose towards $75 on Thursday supported by record U.S. implied demand and falling crude stockpiles, even as the spread of the Omicron coronavirus variant threatens to put a brake on consumption globally. Crude and other risk assets such as equities also got a boost after the U.S. Federal Reserve gave an upbeat […]
India’s Dec 1-15 gasoil sales rise as industries crank up, data shows
India’s gasoil sales in the first half of December rose from November and compared to the same period last year, preliminary sales data showed on Thursday, reflecting a pick up in industrial activity in the world’s third-biggest oil consumer. Gasoil sales by the country’s state fuel retailers were 2.87 million tonnes during Dec. 1-15, the […]
OMCs leave diesel, petrol prices unchanged across metros on Thursday
Oil marketing companies have kept the prices of diesel and petrol unchanged across major Indian cities on Thursday. Accordingly, diesel and petrol prices in Delhi stood at Rs 86.67 per litre and Rs 95.41 per litre, respectively. In the financial capital Mumbai, the rates were unchanged at Rs 94.14 and Rs 109.98. Prices also remained […]
Kia plans to announce EV strategy for Indian market next year
South Korean automaker Kia plans to come out with a detailed strategy on electric vehicles for the Indian market next year, a senior company official said on Thursday. The company, which unveiled its all new model — Carens — for the Indian market, is considering all aspects related to the electric vehicle (EV) segment before […]