Moody’s Investor Service on Monday affirmed its rating of Hindustan Petroleum Corp Limited (HPCL) to Baa2, following the company’s acquisition by the state-owned Oil & Natural Gas Corp (ONGC).
Complete modernisation of Indian Railways` entire signaling system, including automation, at a whopping cost of Rs 78,000 crore is likely to get the nod among other safety measures in the forthcoming budget.
The Railway Ministry may announce its largest investment of Rs 50,000 crore in suburban Railway infrastructure of Mumbai and Bengaluru, according to a report in The Economic Times.
India could see more integration among state oil companies, its oil minister said on Monday, following top producer ONGC`s $5.8 billion deal last week to buy a majority stake in refiner Hindustan Petroleum Corp Ltd.
Indian Railways may soon introduce an ‘anti-fog’ device to track railway signals and situation on tracks in North India.
Indian Railways will soon start its largest track renewal exercise, targeting the replacement of 8,000 km of old and depleted lines on trunk routes at an estimated cost of Rs 10,000 crore and overhauling the entire signalling network to improve safety, reports ET.
The government has withdrawn its decision to raise LPG prices by Rs 4 per cylinder every month as the move was seen contrary to its Ujjwala scheme of providing free cooking gas connections to the poor.
The government would support manufacturing and selling of electric vehicles (EVs) by giving incentives such as lower road taxes so that the automobile sector continues to play a major role in India’s GDP and job creation, Niti Aayog CEO Amitabh Kant said today.
After opening on a low note, shares of the companies of the listed Adani Group climbed higher on the BSE Sensex on Monday.
The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on Friday approved the second financial restructuring proposal of Konkan Railway Corporation Limited (KRCL), a CPSE under the administrative control of the Ministry of Railways (MoR).