Nepal, India agree to finalize MoU on Raxual-Kathmandu railway line

Nepal, India agree to finalize MoU on Raxual-Kathmandu railway line

Nepali and Indian officials agreed on Monday to an early finalization of an MoU for Preliminary Engineering cum Traffic Survey of the Raxaul-Kathmandu rail line. The move came at a time when there is buzz about the Chinese railway crossing the Himalayas to counter the Indian influence in Nepal.

Oil, aviation stocks tumble as crude oil prices rise

Oil, aviation stocks tumble as crude oil prices rise

Prices of oil refinery and marketing companies’ shares tumbled in the market today, with the sharp jump in global crude oil prices triggering heavy selling at these counters. BPCL tumbled by about 8% and Hindustan Petroleum Corporation shed 7.4%, while Indian Oil Corporation declined 6.1%.

India wants AIIB investments in 9 projects: Goyal

India wants AIIB investments in 9 projects: Goyal

Terming India “a sweet spot where the rule of law prevails”, Finance Minister Piyush Goyal said here on Monday the country wants investments in nine projects from the China-based Asian Infrastructure Investment Bank (AIIB).

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