BUSINESS
Road safety in India remains a concern as fatalities rise by 9% on-year in 2022
When compared to the pre-pandemic year of 2019, road accidents in India increased by 2.75 percent, fatalities rose by 11.5 percent and injuries on account of road accidents fell by 1.8 percent in 2022.
BUSINESS
Govt plans to introduce ‘integrity pacts’ for road project consultants in a bid to improve quality standards
The central government is also working on similar ‘integrity pacts’ for construction firms, independent quality control consultants, and awarding authorities.
BUSINESS
India, Indonesia to hold high-level meetings to discuss boosting Sabang Port infrastructure in November
The successful development of this deep sea port that offers easy access to the vital Malacca Strait will serve as a hedge against Chinese hegemonistic ambitions
BUSINESS
A Delhi-Mumbai story: Which city's air quality is worse?
While the financial capital has been waking to a thick blanket of smog owing to a rapid increase in construction activity, the national capital has been engulfed by clag (fog) in the past three days.
BUSINESS
MC Interview | Essar Ports plans to invest Rs 7,000 crore to increase Salaya Port capacity to 100 mtpa in next five years
The company plans to transform Salaya Port into a green port, where green hydrogen production, storage for biofuels, and LNG would be undertaken, CEO Rajiv Agarwal tells Moneycontrol
BUSINESS
MC Interview | Fall in India's EXIM has not impacted volumes at JNPT so far: Sanjay Sethi, chairman, JNPT
Premature to draw a conclusion on India's export volumes based on a couple of quarters; India's exports are likely to bounce back, added Sethi.
BUSINESS
MC Interview | New route to Vladivostok making progress, will meet Russian delegation on Nov 9: Shipping minister
Sarbananda Sonowal says the new route between Vladivostok and Chennai will reduce the distance between India and Russia from the current 8,675 nautical miles to around 5,600. Ministry is in discussions with five international shipping lines for a dedicated service between the two ports
INDIA
Indian Railways to issue notices to five employees in North East Express train accident case
A report holds the railway engineering department "responsible" for the fault on the tracks that is said to have led to the derailment.
BUSINESS
Analysis | Seven years on, RCS-UDAN still faces same issues; only 45.6% of all routes still operational
However, is still facing the same issues--low occupancy, closure of operational routes, lack of infrastructure--it struggled with at birth as only 45.6 percent of all "operationalised routes" awarded under the scheme are still serviceable.
BUSINESS
Israel-Hamas war hurts Indian maritime summit as delegates skip visit
: There is overall concern that the war might escalate to involve other neighbouring countries. Officials say some countries might not have taken well to the Modi government’s support for Israel and might want to give the meeting a skip.
BUSINESS
Israel-Hamas war could lead to higher insurance premiums, shipping costs: GTRI
According to the Global Trade Research Initiative, Indian exporters could face higher risk premiums and shipping costs, eroding their profit, although trade volumes will not get impacted unless the war escalates
BUSINESS
Indian airports will need 300 CT scanners over the next 5 years: Smiths Detection Systems
The Bureau of Civil Aviation Security has directed non-Regional Connectivity Scheme airports to upgrade scanners from single view to dual view by March 31, 2024
BUSINESS
First batch of Metro trains for Bengaluru’s Electronics City to be shipped from China on October 18: Titagarh
Electronics City Metro corridor to miss December 2023 deadline; Titagarh to supply trains from February 2024
BUSINESS
Government likely to ease Cabotage rules at Global Maritime India Summit 2023
Currently, India’s cabotage rules, which govern cargo movement along the coast, bar foreign ships from plying on local routes, with some exceptions
BUSINESS
Uganda’s national airline hopes to start services from Delhi, Chennai to Uganda in next 3 months
Uganda Airlines will begin the Entebbe-Mumbai service on October 7 and will use its widebody Airbus A330-800 to operate three flights a week on this route
BUSINESS
National highway construction slows to 20.23 km a day in H1
The road-building target has been missed in the past two years and the same is expected this year as the general elections approach
BUSINESS
Jet Airways aircraft deal delay forcing us to seek alternatives: Challenge Airlines CEO
Eshel Heffetz, CEO, Challenges Airlines, told Moneycontrol, that while they have confidence in the Indian judiciary, it was starting to grow concerned by the mounting legal cost and the ultimate price tag for the work that will be needed to reactivate the aircraft.
BUSINESS
Govt in talks with shipping lines for dedicated service between Chennai and Vladivostok
The service will reduce commute time from 40 to 24 days and service the eastern side of both countries. It will give India a presence on the South China Sea and speed up coking coal transport.
BUSINESS
Akasa blames the pilots, but is there more to the rough ride?
Akasa Air has been pushed into a corner as inadequate fleet strength, delayed delivery of aircraft and finally, an exodus of pilots, tie it up in knots. A reduced market share may be inevitable.
BUSINESS
Delayed infrastructure projects rise to 830 as of September 1: Govt report
The 1,762 infrastructure projects are also facing cost overruns of Rs 4,77,280.69 crore or 19 percent of the total cost.
BUSINESS
JSW Infra has sufficient cash flows to fund future expansion: JSW Infra Joint MD & CEO Arun Maheshwari
Thermal energy consumption in India will peak by 2050, despite the push for green energy. This leaves a good two to three decades for coal demand to grow in India, he added
BUSINESS
MC Exclusive | National Logistics Policy: Most digital processes related to cargo movement streamlined
The govt has come up with an estimated total logistics cost for India, which will be made public by the end of Sept 2023, Sumita Dawra, Spl Secy in the Dept for Promotion of Industry and Internal Trade, said. This will help show a clear YoY comparison of how the NLP is helping reduce costs.
BUSINESS
MC Exclusive | Govt joins hands with industry, foreign experts to estimate total logistics cost
An 18-member task force comprising officials from the government, think tanks, industry, and research organisations has worked over the last six months to arrive at the cost number. It is expected to be announced by September end.
BUSINESS
MC Exclusive | Centre wants to develop IMEEC on GatiShakti principles: Special Secretary Dawra
The India-Middle East-Europe Economic Corridor (IMEEC) was announced by Prime Minister Narendra Modi on September 9 during the G20 summit. The project includes India, the UAE, Saudi Arabia, the European Union, France, Italy, Germany and the US
