BUSINESS
India aims to improve Logistics Performance Index ranking to top 25 by 2030
India was ranked 44th on the index in 2018 and has now climbed to 38th in the 2023 listing.
BUSINESS
Bullish on India | India has world's largest pool of talented young engineers: Nitin Gadkari
The minister added that the Indian automobile industry is among the fastest-growing markets in the world and the country aims to become the world’s largest automobile manufacturing hub.
BUSINESS
MC Exclusive | Safer roads only possible if common man observes traffic rules, says Nitin Gadkari
The ministry is focussing on building wayside amenities for highway travellers, including dormitories, clean toilets and trauma centres.
BUSINESS
Nitin Gadkari Exclusive: This G20 summit was historic...This is the first time India is well recognised, well respected all over the world
Gadkari emphasised that the Indian G20 presidency was the first time that India has gained the respect and recognition for global countries around the world.
BUSINESS
MC Exclusive I Dwarka Expressway construction has not incurred cost overruns: Nitin Gadkari
The Union Minister of Road Transport and Highways said that the Dwarka Expressway project has many tunnels, bridges, and bridges over bridges, and the base cost has been set around Rs 18.5 crore per km.
BUSINESS
MC Exclusive I Delhi-Mumbai express highway will be completed by December: Nitin Gadkari
The ministry is focussed on making the highways environment friendly and is using waste plastics and looking at ways to use municipal wastes in construction.
BUSINESS
MC Exclusive | Road ministry to seek incentives for hydrogen filling stations: Gadkari
Vehicle-scrapping policy to contribute the most to reducing air pollution, minister says.
BUSINESS
MC Exclusive | G20 Biofuel Alliance will facilitate green technology transfer across countries: Nitin Gadkari
India hopes to work closely with Brazil and the US in biofuel development and technology sharing for mutual benefit.
BUSINESS
Indian airlines try new crew, pilot rosters to cut fatigue, health issues
The aviation regulator is working with airlines to conduct trials of rosters divided into morning and night rotating schedules.
BUSINESS
Finnair to restart its Mumbai-Helsinki direct flight from March 2024, says General Manager Sakari Romu
Finnair is also looking to hire around 50 more flying crew for its Mumbai operations once it restarts flights from India's financial capital.
BUSINESS
Centre likely to shelve Rs 11,000 crore PLI scheme for manufacture of standard shipping containers
Worldwide container glut behind the decision to put the scheme on hold. As part of the initiative, the shipping ministry had suggested dispersing Rs 11,000 crore over a nine-year period, to boost the manufacturing of such containers in India.
BUSINESS
Akasa Air's flight cancellations, delayed refunds frustrate passengers
Akasa Air cancelled 15 flights in Karnataka and Kerala in August; eight flights were delayed by two hours.
BUSINESS
NHAI plans to award two bundles of projects under TOT model every quarter in 2023-24
BUSINESS
Seven of 10 most-delayed infrastructure projects in India are rail lines
The cost escalation of the 809 delayed projects added up to more than Rs 4.65 lakh crore as of July.
BUSINESS
FinMin asks ministries to evaluate delayed infra projects, come up with solutions by November
Eight ministries have been identified for this exercise so far, which have time till November to cut delays in their respective departments by 20 percent
BUSINESS
BPCL to spend Rs 1.5 lakh crore as capex in next 5 years, says chairman
As part of 'Project Aspire', BPCL will grow its oil business and expand its renewable energy portfolio as it aims for a 2040 net-zero goal, G Krishnakumar said at its 70th annual general meeting
BUSINESS
B20 Summit: India will become world's 3rd largest economy in few years, says WEF President
Borge Brende said countries should be allowed to be competitive and buy what is most relevant for their businesses
BUSINESS
B20 Summit: Sustained global economic recovery a key issue for next few years, says FM
Most countries have since the pandemic seen a sharp recovery in their economic activity for a short period, which was followed by a period of fall, and going forward they are looking at ways to sustain economic recovery, Nirmala Sitharaman added
BUSINESS
Maersk says it only recycles vessels at a few ship breaking yard in Alang that meet responsible standards
Experts have pointed out that fewer ships are being sent to Indian shipyards due to their non-compliance with European Union norms.
BUSINESS
Experts warn of higher risks for retail investors as NHAI plans public InvIT
The government's plan to include under construction projects in the InvIT may increase risk for investors. However, on the flip side, a higher quantum of such projects can be more rewarding for them as well, experts say.
BUSINESS
Indian Railways mulls PLI scheme to boost local manufacturing of wheels, brakes and transmission systems
Move meant to reduce dependency on imports; outlay expected to be Rs 800-1,200 crore over three years.
BUSINESS
NHAI's first public InvIT open to retail investors likely by February
Discussions with SEBI for launching the NHAI's first public InvIT are in advanced stages. The Ministry of Road Transport and Highways, NHAI and the National Highways Infra Trust are considering two routes and are discussing both with SEBI
BUSINESS
Exclusive | 150 more Go First staff resign in 2 weeks, exodus to continue if salaries delayed: Sources
The airline's resolution professional had earlier this month sent an email to employees saying that Go First's cash flows have been impacted due to challenging circumstances
BUSINESS
Road ministry says cost overruns in Dwarka Expressway flagged by CAG report a 'gross mis-representation'
MoRTH said the average cost of special projects enveloping substantial lengths of bridges/via-ducts/tunnels under Phase-I of the Bharatmala Pariyojna stands at around Rs 152 crore/km.
