The rising aspirations and needs of citizens are driving India towards new-age infrastructure where “SMART” is the byword. Almost every new infra project, be it public or private, coming up in the country is bringing in elements such as internet, internet of things, automation and technology to make it a part of evolving Smart India.
State-run Indian Oil Corporation (IOC) on Friday reduced diesel and petrol prices by 5 paise and 6 paise per litre, respectively after their prices reached a record high on Tuesday.
Commerce minister Suresh Prabhu Thursday denounced the unilateral trade measures imposed by the United States on steel and aluminum, warning they will “stop the fragile global economic recovery in its tracks”.
The permanent closure of Vedanta Resources Plc’s copper operations in India is marginally credit negative as it will lower the company’s scale and business diversity, Moody’s Investors Service on Friday said.
Indian Railway Catering and Tourism Corp., or IRCTC, Indian Railways’s most popular platform to book train tickets has relaunched its website. However, to ensure there is no inconvenience to the public, IRCTC is offering train bookings on both old and new website. Mint takes you to an experiential walk through the IRCTC new website.
The Narendra Modi government will match the 67-year record of previous governments by providing liquified petroleum gas (LPG) connections to 130 million families in five years of its tenure, petroleum and natural gas minister Dharmendra Pradhan said on Wednesday.
Wipro Infrastructure Engineering, a business division of Wipro Enterprises Ltd, the privately held business by billionaire Azim Premji, has set up a new business division, called automation solutions, under which it will boost productivity of manufacturing companies in India, the Middle East and Africa by making up industrial robots in their facilities.
Australia-based Oilex Ltd has warned Gujarat State Petroleum Corporation Ltd (GSPC) that it will take over its share in the Cambay basin block in Gujarat if the Indian explorer fails to pay its dues to meet exploration commitments in the block.
Shares of Bharat Heavy Electricals Ltd (BHEL) rallied over 5% on Tuesday after it surprised the Street by reporting a sharp improvement in profitability for the March quarter (Q4). Its Ebitda (earnings before interest, taxes, depreciation and amortization) margin expanded 5.9 percentage points to 13.8% from a year ago, exceeding single-digit margin estimates of the Street.
At first glance, Coal India Ltd’s (CIL’s) reported March quarter consolidated Ebitda looks miserably low at just Rs196 crore. But employee costs rose a whopping 80% against the year-ago period, which included Rs7,384 crore towards provisions for an increase in the gratuity ceiling. This is one-off in nature. Adjusting for this, earnings are better than expected, say analysts.