India will work to create a network with other major oil buyers in Asia, such as China, South Korea and Japan, to negotiate better terms with sellers, the country’s Oil Minister Dharmendra Pradhan said in New Delhi on Thursday.
The Indian Railways Station Development Corporation (IRSDC) is all set to start work on the first phase of its ambitious station redevelopment project soon, reports Business Standard. The company is likely to raise Rs 40 billion from the market to redevelop 50 stations across India,
The Indian Railways has decided to run 9,600 additional train trips this summer, providing seven lakh more seats to passengers travelling to various destinations.
Railway Minister Piyush Goyal has ordered an inquiry into the Kushinagar train-school van accident and announced a compensation of Rs. 2 lakh for the kin of the deceased.
Siemens Gamesa Renewable Energy, the Spanish wind energy giant, today announced it has bagged largest order for wind turbines in India.
Petrol and diesel prices remained at over 55-month high on Thursday, amidst continuous calls for a cut in excise duty to ease the burden on consumers.
The World Bank has projected a 20% jump in global prices of energy commodities – crude oil, gas and coal – this year, indicating a continued squeeze on fuel consumers in India and raising the prospect of cramping the government’s social spending ability as it heads back to people for another mandate.
India has told a WTO committee that it followed global trade rules while imposing safeguard measures on imported solar cells even as the European Union and Japan have criticised the move.
According to the International Monetary Fund (IMF), the impact of higher oil prices on India’s gross domestic product may not be all that much this year and the next.
India and Mongolia today discussed economic cooperation in areas such as infrastructure development, energy, services and IT and agreed to explore possibility of launching direct air connectivity between New Delhi and the Mongolian capital Ulaanbaatar.