More than 20 Indian lenders on Monday signed a pact aimed at faster resolution of bad loans, officials said, while more could join by the end of the week in what is the latest bid to cut record levels of soured assets in Asia’s third-biggest economy.
An explosion of hot gas at a boiler at NTPC's Unchahar power plant last year that killed 45 workers was the result of an "error in judgement" by some of the plant's most experienced operators, according to an internal report on the state-run electricity producer's biggest disaster.
Strengthening India's astronomical presence in the world, the Indian Space Research Organisation (ISRO) has decided to mass-produce the technology for space solar cells in India.
Of 1,095 megawatt (MW) rooftop solar capacity in India, Maharashtra leads the way with maximum number of installations and capacity at 145.09MW, according to data from the ministry of new and renewable energy (MNRE).
The country’s largest single-location ultra mega solar park situated in Gujarat is all set to be a reality soon as the first tender for the 1,000-megawatt (MW) solar capacity is most likely to be issued in the coming month.
Russia’s largest oil company Rosneft filed an 89 billion rouble ($1.41 billion) lawsuit on Monday against participants of the Sakhalin-1 oil and gas project operated by ExxonMobil subsidiary Exxon Neftegaz Ltd.
How much oil from Iran will be disrupted because of U.S. sanctions? American officials have gone back and forth on this, but many of the people who decide how much Iranian oil will be knocked offline are located in India and China.
State-run oil marketing company Indian Oil Corporation is investing over Rs 11,900 crore in West Bengal for various infrastructure and capacity enhancement projects, an official said on Monday.
The railways may need to revisit the issue of setting up of diesel locomotive manufacturing units and examine whether it is prudent to create assets and infrastructure for which it may have no useful requirement in future, the Comptroller and Auditor General (CAG) has said.
After a portion of a road overbridge (ROB) in suburban Andheri collapsed early this month, Railway authorities have requested the Brihanmumbai Municipal Corporation (BMC) to repair or re-construct half a dozen such overbridges.
THE CHIEF Justice of India has appointed senior Supreme Court judge, Justice Uday U Lalit, to probe the alleged scam worth Rs 50 crore at the Patna Bench of the Railway Claims Tribunal (RCT) detected earlier this year.
