Bankrupt Monnet Power appears headed to liquidation with no bidder turning up on the final day to submit bids, which also raises questions about faith in the administration’s ability to resolve the stress in the sector, said two people familiar with the matter.
Vehicle owners can now drive into a fuel pump, fill up and drive out with the payment being debited from their account seamlessly.
In a good news for Mumbai train commuters who witness frequent disruption in services in heavy rains due to water logging on the tracks, the Central Railway is ready to roll out a modified, “waterproof” locomotive engine that could be operated even in 12 inches of water.
Karnataka’s power regulator has fixed a ceiling tariff of Rs 3.45 per unit for wind auctions in the state and directed that all future purchases of wind power should be solely through competitive bidding.
Railway minister Piyush Goyal has set a target of doubling the national transporter’s revenues to Rs 4 lakh crore by 2025 to make it profitable by then
May retail inflation continued its upward trajectory and recorded a four-month high of 4.87 per cent compared to 4.58 per cent in April fueled by rising crude oil prices.
India’s benchmark bond yield jumped above 8 per cent last week for the first time in three years. Even that isn’t enough to lure back some of the world’s biggest money managers.
It appears that Namma Metro’s Mysuru Road extension, which was to be ready by the end of this year, may not materialise before December 2019. This is evident as the Bengaluru Metro Rail Corporation (BMRCL) has not awarded contracts for the architectural work of the six stations on this route.
Domestic petrol prices, which had hit record levels for 16 consecutive days in May, have been on the reverse trend for the last 13 days, including Monday, but the relief for consumers has been slow in coming.
Railway Minister Piyush Goyal today launched two mobile apps, ‘Rail Madad’ and ‘Menu on Rails’, to ease the travelling experience of the commuters.