The government is confident of meeting the steep 2019-20 disinvestment target of Rs 1.05 trillion, even without the Air India sale this year. Business Standard has learnt from a top government official that the Centre is open to the idea of Air India’s stake sale being completed in the next financial ye
Faced with a demand slowdown and increasing financial stress of the distribution companies, the Centre is considering a new loan window for states to help settle their rising dues to the power generation companies.
Oil India announced that pursuant to a Joint Venture agreement dated 11 July, 2019, between Assam Gas Company, Oil India and Gail (India) for development of City Gas Distribution Network in Kamrup & Kamrup Metropolitan (Guwahati) and Cachar
Coal India last week operationalised a 44-km long railway track in Chhattisgarh, using the East Rail Corridor to strengthen its daily despatching capability to Maharashtra and Gujarat.
The new Australian government is looking to expand its trade ties with India in areas other than from thermal coal, where it is confident that the demand will remain robust.
The state-run oil marketing companies (OMCs) — Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) — are planning to expand doorstep delivery of diesel to 20 more cities, and introduce home delivery of petrol by the next quarter.
Suzlon Energy’s consolidated net loss narrowed to Rs 336.88 crore in the June quarter, on account of lower expenses. The company had reported a loss of Rs 575.10 crore in the corresponding period of the previous financial year.
While tabling the Economic Survey 2018-2019 report, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Thursday stated that the country is undertaking one of the world’s largest renewable energy expansion programmes.
Upset with the government’s plan to corporatise railways’ production units, the Indian Railways’ largest workers’ union has warned the ministry of an unrest brewing among the national transporter’s workforce.
Adding another feather to its cap, Delhi Metro has become the first-ever such project in the country to receive power generated from a waste-to-energy plant, the DMRC said.