PTI reported that faced with mounting deficit of over INR 20,000 crore in the passenger segment, Railways is keen on raising passenger fares between 5 to 10 paise per kilometer in the coming months to generate about INR 4,000 crore revenue. ...
Tags: Railways pitches, Railways, Rail Tariff Authority, passenger fares
PTI reported that Binani Industries has given in principle approval to divest its holding in subsidiary firm Binani Cement by up to 40%. The company said that"The Board of Directors of the company at its meeting held on December 24th ...
Tags: Binani Cement, PTI, divest stake, India
PTI reported that the Goa Government has decided to pump in INR 100 crore to INR 150 crore in various developmental works in the mining belt of the state, which has been hit with recession due to closure of iron ore extraction activity. ...
Tags: Mining Jobs, Mining Development, Iron Ore Mining, Government Jobs
PTI reported that Japanese industrial solutions giant Hitachi will sign a contract with the Gujarat Government next month for setting up a sea water desalination plant in the State that will treat 0.336 million tonnes of water every day. ...
Tags: Hitachi, sea water desalination plant, industrial solutions
PTI quoted the government said that there was cost overrun of INR 52,150.68 crore in infrastructure projects at the end of March that were monitored by it. Mr Srikant Kumar Jena minister of State for Statistics and Program Implementation ...
Tags: PTI, infrastructure projects, Infrastructure, Reliance India
PTI cited government auditor CAG as saying that iron ore miner NMDC has suffered INR 745.94 crore revenue loss during 2007-10 for not revising the domestic prices of the steel-making raw material in line with prevailing market rates, due to ...
Tags: miner, iron ore, steel-making raw material, Steel Mills
PTI reported that GAIL India Ltd will this week import a shipload of natural gas in its liquid form, called liquefied natural gas, for commissioning of the beleaguered Dabhol facility in Maharashtra. Mr BC Tripathi CMD of GAIL said ...
Tags: GAIL India Ltd, natural gas, liquefied natural gas, energy
PTI reported that the National Green Tribunal has sought replies of the Union and the Odisha governments and Essar Steel to a plea accusing the firm of drawing water from Baitarani River without forest clearance to facilitate iron ore ...
Tags: National Green Tribunal, Essar Steel, iron ore, iron industry, steel
PTI cited Mr Partha Chatterjee, the state Industry Minister as saying that the West Bengal government would appoint an advisor in 10 days for sale of its shares in Haldia Petrochemicals Ltd. Mr Chatterjee said that after the meeting of ...
Tags: Haldia Petrochemicals, petroline, oil, company news
PTI reported that Maruti Suzuki India recently started spadework to set up its second facility in Gujarat with acquisition of another 600 acres, in addition to its existing plan to invest INR 4,000 crore for setting up a plant in the state. ...
Tags: Maruti Suzuki, India, acquisition, vehicle sales, car
PIT cited Mr Ratan Tata chairman of TATA Group as saying that the world's cheapest car the TATA Nano is being refreshed to realize its full potential. Mr Tata said that "We were not prepared to market the car as we should have. I think ...
Tags: TATA Nano, TATA Group, people's car, dealership network
PTI quoted Power utility CESC Ltd saying that its power supply to consumers in some areas of the city could be affected tomorrow as it would carry out maintenance of the Kidderpore Distribution station. CESC in a statement said that "To ...
Tags: Power utility, CESC Ltd, power supply, Kidderpore Distribution station
PTI reported that Adani Enterprises’ promoters have fixed INR 282 as the floor price for selling the company’s 2.3 crore shares, a move which may help them garner around INR 650 crore by selling a little over2% stake. The sale ...
Tags: Adani Ent, INR 282, floor price, shares
PTI cited Mr Montek Singh Ahluwalia deputy chairman of Planning Commission as saying that the government is doing a lot to push growth but the impact of its efforts will be felt in the H2 of the fiscal when the expansion rate will show some ...
Tags: PTI, fiscal, expansion rate, economy growth
PTI reported that corporate entities interested in setting up new banks including Reliance Capital and Religare have begun doing the groundwork after a key Bill was passed in the Lok Sabha last evening. In a major step to reform India's ...
Tags: bank, reform, Banking Laws Bill, RBI