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.
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%.
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).
Prime Minister Narendra Modi on Sunday approved the proposal of setting up of a committee to lay down standards for metro rail systems in India. The committee will be headed by retired Indian Engineering Service (IES) officer E Sreedharan, also known as “Metro Man”.
State-run explorer Oil and Natural Gas Corp (ONGC) bid on Wednesday for 37 oil and gas blocks while private sector Vedanta Resources placed bids for all the 55 areas on offer in the first auction of oil and gas acreage under the new open acreage licensing policy (OALP), according to an official announcement.
In a bid to reduce expenditure on procurement, the Ministry of Railways has issued a new set of guidelines for electronic auction/reverse auction for works, services and earnings tenders.
With crude oil prices surging higher and hitting a more than 3-year high, shares of oil marketing companies are down sharply on the Indian bourses today.
Over 40 lakh senior citizens have voluntarily given up the railway ticket concessions, Prime Minister Narendra Modi said on Wednesday.
Union Minister for Petroleum and Natural Gas Dharmendra Pradhan on Tuesday announced that India and the United States have decided to increase their co-operation in oil and gas, power, renewable energy and coal sectors.
Niti Aayog is working on a comprehensive policy to ensure connected, shared, electrified mobility for the people, said Vice-Chairman Dr Rajiv Kumar on Friday.