A review of activity across various segments of the economy confirms that there is a recovery in progress, but the recovery is uneven. Some sectors are now performing better than they did during the pre-pandemic […]
Road traffic injuries (RTIs) are the eighth leading cause of death worldwide for all age groups and the leading cause for those aged 5 to 29. Close to 1·4 million people die each year and […]
NTPC Limited has successfully acquired Jhabua Power Limited (JPL) for Rs 9.25 billion through a corporate insolvency resolution process initiated by the National Company Law Tribunal (NCLT), Kolkata. This is the first acquisition by NTPC […]
The central government inaugurated the mechanisation of Berth 14 Project at Karnataka’s New Mangalore Port on September 2, 2022. The project will be executed on the DBFOT basis under the PPP mode. It is meant […]
The Andhra Pradesh High Court has approved the implementation of the Machilipatnam Port Project, Phase I. The project involves the development of a greenfield, modern, all-weather, deep-water, multi-purpose port at Machilipatnam in Krishna district in […]
The expert appraisal committee of the Ministry of Environment, Forest and Climate Change has recommended the grant of environmental clearance and coastal regulatory zone clearance for the container transhipment terminal project at Great Nicobar (Andaman […]
The V.O. Chidambaranar Port Authority and Tuticorin International Container Terminal Private Limited, a wholly owned subsidiary of J M Baxi Ports & Logistics Limited, have inked a concession agreement for the conversion of V.O. Chidambaranar […]
India commissioned its first indigenously built aircraft carrier, INS Vikrant, on September 2, 2022. The vessel is 262 metres (860 feet) long and almost 60 metres (197 feet) tall. Built at a cost of Rs […]
According to a report, container shipping charter rates are set for a course correction after touching historical highs in 2021 and staying elevated so far this year. These rates are likely to slide a further […]
A tripartite agreement has been signed for the swift development of modern multi modal logistics parks (MMLPs) across the country under the BharatmalaPariyojana. The agreement is between National Highways Logistics Management Limited, the Inland Waterways […]
The Oil and Natural Gas Corporation (ONGC) has signed six contracts for offshore discovered small fields (DSFs), with three each for fields in the Arabian Sea and Bay of Bengal. The contracts were signed under […]
ONGC has relaunched a tender to sell gas from its KG fields at the higher price of $15 per million British thermal units (mBtu), as it looks to capitalise on a global surge in energy […]
Larsen & Toubro’s (L&T) energy business has secured an engineering, procurement, construction and commissioning contract worth Rs 25 billion-Rs 50 billion from IOCL for developing a residue hydrocracker unit for the latter’s Panipat refinery. IOCL […]
Chennai Petroleum Corporation Limited (CPCL) has formed a joint venture (JV) with IOCL, its parent entity and other entities to construct a refinery with a capacity of 9 mtpa at a cost of Rs 315.8 […]
Petronet LNG Limited plans to invest around Rs 400 billion over the next five years in a bid to expand its import infrastructure, and enter into a new business to increase its profitability to Rs […]
IOCL has awarded an engineering, procurement and construction (EPC) contract worth $75 million to Thryssenkrupp Industrial Solutions India Limited for constructing a catalytic dewaxing unit (CDW) at IOCL’s Baroda refinery in Gujarat. The proposed CDW […]
The central government has set up a panel to review the formula that dictates the pricing of gas produced by companies such as ONGC and Reliance Industries. The idea is to moderate the steep increase […]
Mangalore Refinery and Petrochemicals Limited (MRPL) has completed two landmark projects worth Rs 25.1 billion, comprising a desalination plant and a BS-VI upgradation project. The latter will help MRPL produce ultra-pure BS-VI grade fuel with […]
The cargo capacity of Indian Airlines is expected to grow with the improvement in the segment’s revenues over the last two years. IndiGo, Air India Express, SpiceJet and Blue Dart are planning to increase their […]
According to the Directorate General of Civil Aviation, domestic traffic on Indian airlines witnessed an increase of 4 per cent to 10.1 million in August 2022, compared to 9.71 million in July 2022. The number […]
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