5-hour megablocks on Central, Western Railway lines; Mumbai local train services to be affected

MUMBAI: Mumbai local train services will be affected on Sunday due to five-hour megablocks on Central, Harbour and Western lines. The megablocks will likely cause inconvenience to a large number of passengers relying on these routes. On Central Railway line, the rail block will be from Matunga to Mulund on Up and Down slow lines […]

Potholes emerge on Rs 249 crore bridge on Mumbai-Ahmedabad highway opened in March

MUMBAI: Three months after the four-lane balanced cantilever bridge connecting to Mumbai-Ahmedabad national highway near Thane’s Ghodbunder junction was opened for traffic, it has developed potholes following continuous rain spells the past few days. On Saturday, the National Highway Authority of India (NHAI) began filling the potholes on the bridge over Varsova creek. Built at […]

Nitin Gadkari: 70% work of India-Myanmar-Thailand Trilateral Highway complete

NEW DELHI: Around 70 per cent construction work on the ambitious India-Myanmar-Thailand Trilateral Highway has been completed, Union Minister Nitin Gadkari has said. India, Thailand and Myanmar are working on about 1,400-km-long highway that would link the country with Southeast Asia by land and give a boost to trade, business, health, education and tourism ties […]

Tariff appeals against state regulators to become costly for cos

NEW DELHI: The government plans to make it costly for gencos (generation companies) or discoms (distribution companies) to challenge orders of state electricity regulatory commissions (SERCs), a move that aims to check “non-serious” litigations often used to delay payments but could also impact efforts to seek rightful compensation by entities. The power ministry’s latest draft […]

NSE explores carbon credit market, introducing electricity derivatives

KOLKATA: The National Stock Exchange is exploring opportunities in electricity derivatives and the voluntary carbon credit (VCC) market to deepen its product portfolio as part of its transformation into a multi-asset stock exchange. The world’s largest derivatives stock exchange also plans to introduce derivative contracts based on the indices of the corporate bond index and […]