India seems to have turned a favourite dumping ground for steel makers from not just China but also Japan and South Korea, which are diverting supplies from the US and the European Union in massive volumes to beat the impact of a global tariff war initiated by the Trump administration.
Union Minister Piyush Goyal has proposed a higher rank and pay scale for Railway general managers, making them equivalent to secretaries in the Central government and at par with the state chief secretaries, a source in the ministry said.
Indian Oil Corp, the nation’s largest oil firm, plans to invest Rs 1.75 lakh crore to nearly double refinery capacity, boost petrochemical production, expand gas business and lay new pipelines to become a vertically integrated company, its Chairman Sanjiv Singh said.
In a break from convention, the National Highways Authority of India (NHAI) on Friday concluded an agreement with State Bank of India (SBI) to raise Rs 25,000 crore from the country’s largest bank as an unsecured loan, mainly to finance fully-state-funded engineering procurement and construction (EPC) projects.
To boost the last mile connectivity in metro stations in Delhi, Dwarka, Gurgaon and Faridabad, Delhi Metro Rail Corporation along with SmartE, a startup that operates India’s largest electric vehicle fleet have expanded its operations in the capital.
New Indian Railways lines: Big boost for railway connectivity! Piyush Goyal-led Indian Railways is working on around 200 new railway lines across the network. At present, the upcoming railway lines across the nation are in different stages of execution.