BUSINESS
Railway industry looking for higher spending on technology, cargo capacity in Budget for 2024-25, eyeing PLI scheme for railway components
Industry participants are calling for infrastructure upgrade, as industry experts seek a higher focus on railway safety.
BUSINESS
MC Exclusive: Centre to consider a Rs 5,000 crore PLI scheme for shipping containers in Budget ‘24
Budget 2024:Issues highlighted by the cabinet committee on economic affairs have been addressed in the proposal for the new PLI scheme.The quantum of the new PLI scheme has been halved to Rs 5,000 crore from Rs 11,000 crore.
BUSINESS
Aviation industry eyes govt adequate infrastructure upgrade, tax breaks in Budget for 2024-25
Infrastructure woes continue to haunt and the industry is looking at the government to create provision of adequate infrastructure and abolish the negative fiscal regime that make it hard for industry players to make profits.
BUSINESS
MC Exclusive: Govt likely to enhance green ammonia production with Rs 10,000-crore viability gap funding scheme in Budget 2024-25
There is a large difference in the cost of production between grey and green ammonia. The cost of natural gas is a major element of the cost for the production of grey ammonia.
BUSINESS
Roads sector eyeing 10-year plan for the sector and price rationalisation on early BOT and TOT projects in Budget 2024-25
The sector has reported robust growth over the last 10 years with the Bharatiya Janata Party-led government spending around Rs 10,37,616.39 crore between 2014 and 2024 to construct 54,858 km of national highways.
BUSINESS
India plans to increase cargo movement via inland waterways, ports to 30,000 tonne per day by 2030, says Economic Survey
The Survey highlighted the importance of the shipping industry for India saying that "geopolitical tensions and export restrictions on food and fertiliser have emerged as key risks to India's rising export of goods and services."
BUSINESS
PM Gati Shakti and National Logistics Policy have helped improve logistics efficiency says Economic Survey 2024
India scored 93.5 percent in 2023 in the United Nations Economic and Social Commission for Asia Pacific's (UNESCAP) Global Survey on Digital and Sustainable Trade Facilitation vis a vis 90.3 percent in 2021.
BUSINESS
Indian Railways passenger traffic still struggling to overcome pandemic woes says Economic Survey 2024
Going forward projects for three major corridors viz. (1) High-traffic density corridors, (2) Energy, Mineral and Cement Corridors and (3) Rail Sagar (port connectivity) corridors are also planned to reduce logistics cost, carbon footprint and boost railway freight volumes.
BUSINESS
Highway monetisation peaked at Rs 40,314 crore in 2023-24 says Economic Survey 2024
Economic Survey 2024: The average pace of national highway construction increased by 3 times from 11.7 km per day in 2013-14 to 34 km per day by 2023-24.
BUSINESS
Indian aviation needs to focus on investment in infra and skill development for future expansion: Eco Survey
The survey said that the Indian civil aviation market has great potential due to the growing demand from the middle class, growth in population and tourism
BUSINESS
Govt should boost private sector financing in infrastructure for continuous growth says Economic Survey 2024
Buoyant public sector investment has had a pivotal role in funding large-scale infrastructure projects in the recent years, the economic survey highlighted.
BUSINESS
MC Exclusive: Centre may revive PLI scheme for manufacture of shipping containers in budget ‘24
Issues highlighted by the cabinet committee on economic affairs have been addressed in the proposal for the new PLI scheme.
BUSINESS
MC Exclusive: Govt may boost green ammonia production with Rs 10,000-crore viability gap funding scheme in Budget 2024-25
There is a large difference in the cost of production between grey and green ammonia. The cost of natural gas is a major element of the cost for the production of grey ammonia.
BUSINESS
SpiceJet Q4 results: Airline flies back into black with net profit of Rs 119.6 cr
The revenue for the Q4FY24 came in at Rs 1,571 crore, lower from Rs 2,145 crore in the same period a year ago.
BUSINESS
Budget 2024: Tata Projects CEO seeks steps for 'holistic' growth of construction sector
Tata Project's MD and CEO Vinayak Pai said the Budget should also take measures to encourage private capex, which will play an important role in India's economic growth
BUDGET
Roads sector hopes govt spending to continue in budget for 2024-25; eyes on new concession models
Along with long-term plans that may be in the pipeline for the sector, any move on price rationalisation on early BOT and TOT projects will be closely watched.
BUSINESS
MC Interview | Aim to maintain double-digit top-line growth on robust order book, strong pipeline: Tata Projects MD
The company is confident of maintaining profitability after turning EBITDA-positive in FY24. Vinayak Pai, MD & CEO, said that as the company grows in size, it will consider an Initial Public Offering.
BUSINESS
Tata Projects working on sustaining profitability with eye on IPO plans: MD
Vinayak Pai added that, in the past, Tata Projects was reporting losses due to issues related to COVID and commodity prices, but those roadblocks have been left behind for now.
BUSINESS
Tata Projects CEO calls for stricter quality standards amid infrastructure push
India needs to put a system in place that encourages accountability at every stage of the design, construction and maintenance of infrastructure projects, Vinayak Pai tells Moneycontrol
BUSINESS
Budget 2024: Railway industry calls for infrastructure upgrade, experts seek safety focus
Industry participants also want the central government to come out with a production-linked incentive scheme to boost the production of railway ancillary parts in India.
BUSINESS
MC Exclusive | Air India looking to hire 20 more foreign commanders as it expands widebody fleet
Air India has shared plans with the DGCA about the requirement for fifty additional flight commanders in the current financial year, after hiring around fifty foreign pilots in 2023-24
BUSINESS
MC Exclusive | Vladivostok-Chennai route talks gather pace ahead of Modi's Russia visit, India pushing to operationalise it by year-end
Union Shipping Minister Sarbananda Sonowal is scheduled to visit Russia in September to participate in the Eastern Economic Forum.
BUSINESS
Despite incidents of safety and discomfort, Indian travellers will not be deterred: MakeMyTrip Co-Founder & Group CEO Rajesh Magow
Magow, in an interview with Moneycontrol, said that he expects four new regional airlines to start operations in India soon, and that the likes of IndiGo and Air India are likely to launch more flights to Europe.
BUSINESS
We aim to continue outpacing industry growth in FY25: MakeMyTrip's Rajesh Magow
The company's co-founder and group CEO said the online travel platform has been cash-accretive for the last three years and has managed to increase the cash balance to around $600 million.
