Asian Development Bank (ADB) is planning to scale up a satellite-based smart meters project, implemented in a village in Uttar Pradesh, as it finds it to be a win-win solution for several stakeholders, including the consumers as well as discoms.
The Railways plans to use aircraft-like pressurised coaches in its trains for the Bilaspur-Manali-Leh line along the India-China border, which will be the world’s highest rail track, so that passengers do not have breathing difficulties on board.
Sajjan Jindal-led JSW Steel Sunday said it will pump in USD 150 million (approximately Rs 1,000 crore) in the first tranche to set up its new steel facility in Texas, US.
Ruia-family owned Essar Group would deleverage about Rs 1.25 lakh crore of debt – the largest by any corporate if its offer to repay lenders of Essar Steel in full is accepted, company sources said.
The successful allottees of the 19 coal blocks the government is planning to auction this fiscal for sectors including iron and steel will be allowed to sell up to 25 per cent of the actual production in open market at prices fixed by state-owned Coal India.
India and Bangladesh have reached several milestone pacts that include using two ports of the neighbouring nation for goods movement and a pact for cruise movement to give a boost to waterways connectivity, a top official said Thursday.
ArcelorMittal has agreed to pay a total of Rs 50,000 crore, including a Rs 8000-crore capital infusion, to acquire Essar Steel, as bankers started voting on its offer.
Waiting in long queues to buy tickets at railway stations will now be a thing of the past as the railways’ UTS mobile app for buying unreserved tickets online will be available nationwide from November 1, a senior official said Tuesday.
Railways has decided to rename its cleaning staff from ‘safaiwala’ to ‘housekeeping staff’, but their scope of work and pay will remain the same, according to an order issued Monday to zonal railways.
All 400-odd petrol pumps along with linked CNG dispensing units in the national capital will remain shut Monday in protest against Delhi government’s refusal to reduce VAT on fuels, the Delhi Petrol Dealers Association (DPDA) said in a statement.