India’s Power Finance Corp. Ltd. is looking for new sectors to fund as it wants to hedge the risks associated with lending to the nation’s ailing utilities, according to people familiar with the matter.
Passengers on the proposed Vande Bharat Express between Delhi and Katra, near the Vaishno Devi shrine, will only be served vegetarian food, ThePrint has learnt.
Travelling on Rajdhanis and Shatabdis is set to get shorter by at least an hour-and-a-half. The railway ministry has set a 2022 deadline by which it plans to cut travel time by 90 minutes in all 64 Rajdhanis and Shatabdis running across India.
A cacophony of auto-rickshaws, haphazardly parked vehicles, hawkers and throngs of pedestrians. This is what areas around most railway stations in Mumbai look like.
The US is “highly gratified” by the cooperation from a “great friend” like India in enforcing the oil sanctions on Tehran, the White House said on Wednesday as the Trump administration slapped sanctions on Iranian Foreign Minister Javad Zarif.
Last week, Britain impounded an Iranian oil tanker in Gibraltar, claiming that the vessel was carrying oil to Syria in violation of the European Union’s sanctions. A senior adviser to the Iranian government responded that if Britain failed to release the vessel, Iran would be forced to seize a British tanker.
The Narendra Modi government has slashed the budget allocation for the development of Chabahar Port in Iran by more than half in 2019-20 amid tension between Washington and Tehran over the latter’s nuclear programme.
India will continue to be a net importer of steel for at least the next two years as high-grade products from South Korea and Japan flow in tax free amid worries of escalation in supplies from China, according to Fitch Ratings Ltd.’s local unit.
A short time ago, solar power was considered a marginal power source. But it is now one of the major drivers behind the transition to greener, more sustainable energy. Around the globe, prices are falling and India is now producing the world’s cheapest solar power,
The Narendra Modi government, which in its earlier term had proposed the merger of public sector oil companies, has decided to abort the idea amid an increase in oil imports and reduced domestic production.