Some Rs 7,300 crore the Indian Railways got as advance freight from bulk consumers and as proceeds of land monetisation from fellow PSUs enabled it to avoid reporting a deficit in FY18.
Prime Minister Narendra Modi will be in Nepal for a two-day state visit. He will be in Kathmandu on May 11th and 12th reciprocating Khadga Prasad Oli’s interest to bolster bilateral ties between the two countries.
Lenders to the Bhushan Power and Steel (BPSL) are likely to meet next week to choose the most eligible bidder for the troubled steelmaker. Sources said BPSL’s resolution professional (RP) Mahender Kumar Khandelwal has now asked
Transparency and ease of doing business: Indian Railways e-reverse auction model to save Rs 20,000 cr annually
To ensure substantial savings for Indian Railways, Railway Minister Piyush Goyal has advocated implementation of electronic reverse auction (ERA) for all high value procurements which will result in a 10 percent saving in costs and a total saving of up to Rs. 20,000 crores in procurement.
Diversified natural resources company Vedanta Ltd’s attributable profit after tax before exceptional items at a consolidated basis surged 40% year-on-year basis to Rs 3,956 crore for the three months ended March 31, 2018, largely helped by an exceptional gain of Rs 2,869 crore.
By end 2018, Delhi-Mumbai Rajdhani Express train trip in just 13 hours? This is Indian Railways new experiment
Delhi-Mumbai Rajdhani Express set for a new experiment by Indian Railways – one that will leave passengers very happy! For the first time in Indian Railways, an engine will be attached to both the front and the rear of a passenger train in order to increase speed and reduce travel time.
Due to rising prices of pet coke, coal and diesel, cement firms in India may face pressure on their profit margins in the near term, PTI reported citing ICRA report.
The 10-year U.S. bond yield breaking through the 3 percent danger level worries India, as it does every emerging market. Still, the price that sends policy-makers in New Delhi and Mumbai into paroxysm isn’t that of global capital, but of a commodity: oil.
Vedanta Cairn, operator of the prolific Barmer field in Rajasthan, bid aggressively, while eight other companies, including state-run ONGC, Oil India, Indian Oil and GAIL (India) also put in their bids for the 55 hydrocarbon blocks offered under the Open Acreage Licensing Policy (OALP), a critical part of the March 2016-launched Hydrocarbon Exploration Licensing Policy (HELP).
The colonial era saw the first oilfield being developed by the Assam Oil Company, a private entity, in Digboi in Tinsukia district of Assam, where oil was discovered barely eight years after Edwin L Drake drilled the world’s first oil well in 1859 in Titusville, Pennsylvania, US.