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).

PM Modi nods setting up panel for metro rail systems

PM Modi nods setting up panel for metro rail systems

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”.

OALP round 1 for oil, gas blocks gets good response

OALP round 1 for oil, gas blocks gets good response

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.

Railway eases e-reverse auction process

Railway eases e-reverse auction process

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.

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