The big demonetisation sops for rail travelers on booking of online train tickets are set to end on September 1. The government has allowed the Indian Railway Catering and Tourism Corporation (IRCTC) to bring back service charge on online ticketing
The Indian Railways is planning to float a new tender for content-on-demand during the first week of September. RailTel, the Railways’ subsidiary, had in 2017 floated a similar tender — targeting revenue of Rs 6,000 crore for a 10-year period — but had got lukewarm response.
Nayara Energy has signed a long-term $750-million prepayment contract for export of petroleum products to global oil majors BP and Trafigura. The Mumbai-based company operates India’s second largest single-site refinery, with eight per cent of the country’s total capacity in the segment.
India’s natural gas production rose 0.2% to 2.72 billion cubic meters (bcm) in July 2019 over a year ago. Natural gas output of ONGC declines 1.1% to 2.02 bcm, while that of Oil India moved up 2.1% to 0.24 bcm. Further, the natural gas production of private and JV companies increased 4.9% to 0.46 bcm in July 201
India’s crude oil production declined 4.4% to 2.77 million tonnes (mt) in July 2019 over July 2018. Crude oil output of ONGC fell 3.2% to 1.73 mt, while that of Oil India declined 4.7% to 0.27 mt. The crude oil production of private and joint venture (JV) companies also eased 6.8% to 0.76 mt in July 2019
The High Level-Clearance Authority (HLCA), the apex body to approve investments in Odisha, has given its go-ahead to five new projects, with a total value of Rs 2.04 trillion.
In an effort to link Kashmir to the rest of the country, the Railways has put the Udhampur-Baramulla project on the fast track. The national transporter is expecting the commissioning of the project by 2021-22, and the completion of the world’s highest railway-arch bridge over River Chenab by mid- 2020.
India’s solar power sector is seeing two parallel capacity addition movements, the pace of which are neither connected nor bring in any predictability to the government’s renewable energy target.
Commuters in Mumbai did a double take one morning when they found their daily travel partner, the Western Railway (WR), tweeting from its official handle: Chittorgarh ka plan bana-na at just Rs 445 (Travel to Chittorgarh for Rs 445).
Adani Group built its fortunes by starting as a commodity trading company. But, Adani Enterprises — the flagship company of the three-decade-old trading group — now sees mine-development contracts as more promising than trading.