Railways have decided to provide the ‘buy tickets now and pay later’ service for any Express trains, an IRCTC official said on Thursday.
Vedanta, the London-headquartered metals and mining major, is looking at the possibility of expanding its alumina refinery production at Lanjigarh in Kalahandi district of Odisha beyond the present cap of four million tonnes per annum (mtpa).
Settlement of arbitration claims by infrastructure developers is slow because of the inability of road developers to provide bank guarantees and open escrow accounts, according to India Ratings and Research (Ind-Ra).
Oil prices fell to a three-week low on Wednesday with Brent set for its fifth monthly loss despite Opec-led output cuts to reduce a global glut to try shore up prices.
Jindal SAW, Essar Steel and Welspun Corp have petitioned the Directorate General of Anti-Dumping and Allied Duties (DGAD) to impose anti-dumping duty on imports of submerged arc welded (SAW) pipes from China, after local firms lost a number of tenders to Chinese suppliers.
State-owned Indian Oil Corp (IOC) and its partners are in talks to buy 49 per cent stake in Russia’s Vankor cluster oilfields to consolidate their presence in the energy-rich Arctic region.
The government has scaled down the restrictions on exports and mining has picked up in Goa and Karnataka. China was the principal reason for the galloping rise in India’s exports of iron ore since the beginning of the new millennium, hitting a high of 117.37 million tonnes in 2009-10.
Indian Ambassador to Russia Pankaj Saran on Tuesday said that cooperation in the field of nuclear power is one of the success stories of Russia and India relationship
The stressed assets of the power sector’s key financier, Power Finance Corporation (PFC), increased by 300 per cent to Rs 30,718 crore, pushing the company in the red for the first time.
Domestic steel mills may benefit from lower iron ore and coking coal costs in the current year but sustained weakness in demand still remains a concern, Icra said on Tuesday.