Since 2012, six of every 10 rail accidents in India have happened because of mistakes by or the negligence of railway staff, according to a study by NITI Aayog.
British oil explorer Cairn Energy Plc has added another $249 million to the compensation it is claiming from India after the government set off a tax refund due to it to settle part of a retrospective tax demand.
Reliance Industries Ltd, owned by Mukesh Ambani, is considering entering the power-storage business with its partner BP Plc.
A June order by the power ministry on inter-state electricity transmission charges could affect Delhi Metro Rail Corporation Ltd’s (DMRC) plan to buy power from one of the world’s largest solar power project at a single site in Madhya Pradesh, forcing both DMRC and the state government to seek relief from the ministry of new and renewable energy.
JSW Energy Ltd’s decision to spend as much as Rs4,000 crore to set up electric vehicle (EV) and related businesses has been met with the usual scepticism by analysts.
Three years after its last train hit the buffers, landlocked Nepal is building a new railway network to boost its ailing economy—helped by the rivalry between its powerful neighbours, China and India.
State-controlled NTPC Ltd is exploring the possibility of securing a national licence for setting up charging stations for electric vehicles across states.
Steel tycoon Sajjan Jindal’s JSW Steel Ltd will consider an investment from Japan’s second-biggest mill as the Mumbai-based firm looks to acquire distressed companies in India, according to joint managing director Seshagiri Rao.
Oil slid after briefly rising above $50 a barrel in New York and sparking concern that prices surpassing that key level will only bring on more shale supply.
The government has ordered state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs4 per cylinder every month to eliminate all the subsidies by March next year, oil minister Dharmendra Pradhan said on Monday.