Credit rating agency ICRA has stated that the country’s air passenger traffic has registered a negative growth of 3-5 per cent in 2019-20, as traffic slowed even before the coronavirus pandemic. The decline has been […]

As per media reports, Canadian aircraft manufacturer De Havilland Aircraft has filed a lawsuit against low-cost carrier SpiceJet claiming damages worth Rs 3.2 billion, on grounds of the airline’s failure to pay for an aircraft […]

IOCL has declared force majeure on crude purchases from four of its biggest suppliers – Saudi Arabia, Iraq, the UAE and Kuwait – as refinery run rates have been cut in view of the plummeting […]

The Directorate General of Hydrocarbons has extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth bid round and decided to merge the next two rounds into […]

The Mumbai Port Trust has commenced roll-on, roll-off passenger (ro-pax) ferry operations between Mumbai (Bhaucha Dhakka/Ferry Wharf) and Mandwa through its vessel, RoPax M2M1. The vessel which combines the features of a cruise vessel and […]

The central government has inaugurated five projects at the Jawaharlal Nehru Port Trust (JNPT) – a mobile X-ray container scanner facility at the Jawaharlal Nehru Port Container Terminal (JNPCT), a 220/333 kV mobile unit substation […]

The Maharashtra Electricity Regulatory Commission (MERC) has notified a reduction in retail supply tariffs across different consumer categories to mitigate the impact of COVID-19. For Maharashtra State Electricity Distribution Company Limited, the commission has approved […]

Coal India Limited (CIL) has decided to ease payment terms for its customers, particularly those in the power sector, and be lenient in dealing with defaults. It will also accept usance letters of credit, also […]

IR targets manufacture of 1,000 personal protective equipment (PPE) per day such as overalls for doctors and paramedics after the samples made by Northern Railway were tested and approved by the Defence Research and Development […]

The initial public offer (IPO) of the Indian Railway Finance Corporation (IRFC), the fund-mobilising arm of the railways, has been delayed against the backdrop of the ongoing coronavirus pandemic. IRFC was supposed to be listed […]

NHAI has cleared bills worth about Rs 250 billion owed to contractors in March 2020. The authority has launched a drive to ensure that all pending payments are cleared. While there were issues pertaining to […]

The MoRTH has invited suggestions and comments from all stakeholders including the general public on the proposed amendment in the Motor Vehicle Rules regarding registration of new vehicles, issuance of driving licences and recall of […]

Handset manufacturer, Oppo, Vivo and Samsung have temporarily suspended production at their respective Greater Noida facilities due to the coronavirus outbreak. Further, Xiaomi, Lenovo-Motorola and Lava have also temporarily shut down their handset factories in […]

Vodafone Idea, Reliance Jio and Bharti Airtel have extended the validity of their prepaid plans, availed by low-income customers till May 3, 2020. Further, the two telcos have credited Rs 10 in the prepaid account […]

JICA and the central government signed an ODA loan agreement, on March 27, 2020 for funds worth Rs 33.41 billion (Yen 53,895 million) for the Mumbai metro, Phase I, Line 3, project and the Ahmedabad-Gandhinagar […]

The Uttar Pradesh Metro Rail Corporation is planning to add six metro corridors under the Lucknow metro project. The corridors are the Secretariat-CG City South corridor, the Chaudhary Charan Singh International Airport-Atal Bihari Vajpayee Stadium […]