Industries

For India's Bullet Train, Made-In-India Equipment To Speed Up Project

For India's Bullet Train, Made-In-India Equipment To Speed Up Project

Edited by Nikita Prasad | Thursday September 09, 2021

Mumbai-Ahmedabad Bullet Train Project: The launching equipment is indigenously designed and manufactured by infrastructure conglomerate M/s Larsen & Toubro

IDBI Intech Implements Anti Money Laundering Reporting Solution At LIC

IDBI Intech Implements Anti Money Laundering Reporting Solution At LIC

Edited by Nikita Prasad | Thursday September 09, 2021

IDBI Intech Limited, a leading information technology company, implemented an Anti Money Laundering solution at the insurance giant - Life Insurance Corporation of India (LIC)

Palm Oil Imports Rose 31% in August

Palm Oil Imports Rose 31% in August

Edited by Animesh Singh | Thursday September 09, 2021

In August 2021, 7.43 lakh metric tonnes of palm oil was imported, which was 31 per cent more than 5.65 lakh metric tonnes imported in July 2021.

From October 1, Cheque Books Of These 2 Banks Won't be Valid

From October 1, Cheque Books Of These 2 Banks Won't be Valid

Edited by Animesh Singh | Thursday September 09, 2021

From October 1, 2021 onwards, the existing cheque books of Oriental Bank of Commerce (OBC) and United Bank of India (UBI) will be discontinued.

RBI Removes UCO Bank Out Of Corrective Action List After 4 Years

RBI Removes UCO Bank Out Of Corrective Action List After 4 Years

Edited by Nikita Prasad (With inputs from Agencies) | Wednesday September 08, 2021

Reserve Bank of India found that the state-run lender, UCO Bank was not in breach of its rules on regulatory capital, bad loans, and leverage ratio and lifted the PCA framework restrictions

Concession Agreement For Station Redevelopment Discussed With Stakeholders

Concession Agreement For Station Redevelopment Discussed With Stakeholders

Edited by Nikita Prasad | Wednesday September 08, 2021

The Railway Ministry, along with its special purpose vehicles - Rail Land Development Authority (RLDA), and Indian Railways Station Development Corporation (IRSDC) with various stakeholders regarding the finalization of the Model Concession Agreement for station development project through the public-private partnership (PPP) model.

Domestic Air Passenger Traffic Grew 31% In August: Report

Domestic Air Passenger Traffic Grew 31% In August: Report

Edited by Animesh Singh | Tuesday September 07, 2021

Domestic air passenger traffic grew 31 per cent in August 2021 to touch 66 lakh, compared to 51 lakh in July 2021, according to a report by ICRA.

Power Ministry Directs Coal Companies To Hike Output To Meet Rising Demand

Power Ministry Directs Coal Companies To Hike Output To Meet Rising Demand

Edited by Animesh Singh | Monday September 06, 2021

Earlier Power Minister R K Singh had conducted a meeting on September 3, 2021 in the wake of peak power demand across the country.

Bullet Train Project Has Entailed Rs 14,153 Crore Till Date, Set To Miss 2023 Deadline

Bullet Train Project Has Entailed Rs 14,153 Crore Till Date, Set To Miss 2023 Deadline

Reported by Animesh Singh | Sunday September 05, 2021

Apart from the pandemic, the main reason behind the delay in the project has been slow pace of land acquisition, especially in Maharashtra.

Coal Supply To Be ''Streamlined'' Amid Rise In Power Demand: Here's How

Coal Supply To Be ''Streamlined'' Amid Rise In Power Demand: Here's How

Reuters | Saturday September 04, 2021

Power minister R.K. Singh asked officials to "streamline the stock and supply of coal", including a reduction in inventory targets to 10 days from 14 days, to allow coal to be moved to areas of greatest shortage

Incentives For Autos Revamped To Boost Electric Vehicles, Hydrogen Fuel Cells: Report

Incentives For Autos Revamped To Boost Electric Vehicles, Hydrogen Fuel Cells: Report

Reuters | Saturday September 04, 2021

Domestic automaker Tata Motors is currently the largest seller of electric cars inIndiawith rival Mahindra & Mahindra as well as motor-bike companies TVS Motor and Hero MotoCorp firming up their EV plans.

India, UK Agree On $1.2 Billion Investment In Green Projects, Renewable Energy

India, UK Agree On $1.2 Billion Investment In Green Projects, Renewable Energy

Press Trust of India | Friday September 03, 2021

The India-UK EFD marked the signing off of a $1.2-billion package of public and private investment in green projects and renewable energy to boost India's green growth ambitions.

Petroleum Minister Says UPA Era Outstanding Oil Bonds Hurting Economy

Petroleum Minister Says UPA Era Outstanding Oil Bonds Hurting Economy

Edited by Animesh Singh | Thursday September 02, 2021

Petroleum Minister Hardeep Singh Puri has said that Rs 1.5 lakh crore of oil bonds issued by the Congress-led UPA regime remain outstanding.

ONGC Evaluating Stake Buy In Russia's Vostok Oil Project

ONGC Evaluating Stake Buy In Russia's Vostok Oil Project

Reuters | Thursday September 02, 2021

Vostok is one of Russia's biggest oil project comparable in size with the exploration of West Siberia in the 1970s or the US Bakken oil province.

Railway Freight Loading Touched 110 Million Tonnes In August 2021 Despite Covid Impact

Railway Freight Loading Touched 110 Million Tonnes In August 2021 Despite Covid Impact

Edited by Animesh Singh | Thursday September 02, 2021

Freight loading for Indian Railways in August 2021 touched 110.55 million tonnes, which was 16.8 per cent higher than it was in August 2020.