Looking beyond steel, ArcelorMittal is evaluating opportunities that complement its existing business and asset base, Chairman Lakshmi N Mittal has said.
The cash-strapped Ratnagiri Gas and Power Private Limited, which has been operating the controversial Dabhol power project, will be split, and GAIL India will run the gas terminal at Dabhol in Ratnagiri district.
Railway Minister Piyush Goyal has asked a committee, set up to review the flexi-fare scheme, to go back to the drawing board and draft a fresh report after it suggested introducing dynamic pricing, like airlines, in the railways, officials said.
A Kandivali society is saving its electricity bill by 50 per cent by installing solar panels at the rooftop. Around 108 solar panels have been installed in the society of the capacity of 35 kilowatt.
Railway minister Piyush Goyal on Tuesday announced plans to invest a sum of Rs 73,000 crore towards resolving safety-related problems faced by commuters.
Oil Minister Dharmendra Pradhan on Monday cited the four-decade old Nationalisation Act to justify exempting ONGC from making an open offer after acquiring the government’s 51.11 per cent stake in HPCL.
Solar modules worth more than USD 150 million are stuck at various ports in the country due to a dispute over their classification and the import tax applicable to them, sources said, which could delay Prime Minister Narendra Modi’s clean energy goals.
India’s Reliance Industries Ltd will become a major provider of clean energy in the country, Chairman Mukesh Ambani said, as the South Asian nation transitions to renewable energy sources from fossil fuels.
The way private transportation moves on the roads is set to change drastically. When push comes to shove for electric traction as the model way forward for the motor car and, perhaps, India’s ubiquitous two-wheelers, the transformation will take place quicker than imagined.
Finance Minister Arun Jaitley on Thursday emphasised the need to continue the momentum on infrastructure creation and expedite investment in railways to propel the Indian economy.