Plans are afoot to set up 20 vehicle scrap centres once the government finalises its vehicle scrapping policy that proposes to scrap 20-year old commercial vehicles, a steel ministry official said on Thursday.
The world’s largest steelmaker ArcelorMittal has transferred Rs 7,000 crore to State Bank of India (SBI) to clear bank dues of loan defaulter Uttam Galva Steels so that it becomes eligible to bid for acquisition of Essar Steel, a person in know of the development said.
SoftBank wants to pour a whopping $1 trillion in India, by 2030, to develop solar power projects here. In return, the Japanese conglomerate is reportedly demanding that electricity tariffs be fixed in dollars and wants the government to ensure that power produced at its plants will definitely be bought.
U.S. electric utilities are expected to shut hundreds more of their coal-fired power generators in the coming years, extending a long trend away from coal and toward natural gas that has cast a pall over the mining industry.
Soon rail commuters will be able to buy tickets using their debit and credit cards from the automatic ticket vending machines (ATVM). A senior railway official said at present, the retrofitted point-of-sale (PoS) devices are being tested by the Centre for Railway Information Systems (CRIS) and it will be installed on ATVMs. The CR has not set any deadline as by when the terminals will be installed.
Indian authorities have issued a lookout notice to all airports against ICICI Bank MD and CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group promoter Venugopal Dhoot, according to a media report.