Saurabh Kumar
Equity infusion may not aid Vodafone-Idea expansion
The huge debt of around Rs 1,12,500 crore of Vodafone Idea will leave little for capex and market-capturing strategies, even though the management is infusing some Rs 25,000 crore of equity. Analysts at JPMorgan wrote on Thur
Downgraded: Moody’s changes outlook on Tata Motors to negative
Tata Motors improved its share in the passenger vehicle segment to 6.2% in the first half of the current financial year.
Power demand up: Coal stocks at mines at a 5-year low
Imports, reined in after FY15 surge, rising again though a big price differential prevents it from skyrocketing.
Decision by mid-November: Indian Railways looks for additional gross budgetary support of Rs 18,000 crore
Indian Railways (IR) is set to ask the finance ministry for an additional `18,000 crore of gross budgetary support (GBS) for the current financial year (Budget outlay is `53,060 crore) to accelerate its existing infrastructur
Indian Railways trains to run at 160 kmph on the Golden Quadrilateral? Don’t get your hopes high just yet!
While the transporter prepared a plan and the Union budget of 2017 sanctioned around Rs 17,000 crore for two corridors of the quadrilateral — Delhi-Mumbai and Delhi-Howrah — the actual work will only start after the dedic
Are GST norms posing hurdle in listing of RVNL, other PSUs?
As per the conditions, an entity in which the government stake is above 90% is liable to pay 12% GST for work contracts executed on behalf of the Central government, state government or any local authority.
Delhi sales now going to NCR due to high VAT on fuel, say dealers
Even as Haryana and Uttar Pradesh have recently reduced value-added taxes (VAT) on petrol and diesel, the Delhi government hasn’t; the city state’s stubborn refusal to take a cue from the Centre (which cut excise by Rs 1.
Passenger Safety: Indian Railways to change track configurations to avoid derailments
With most accidents in the last five years caused by derailment, the transporter plans to change the configuration of tracks for safer operations.
GAIL’s massive gas pipeline network will be moved to a subsidiary. Here’s why this big step is being taken
GAIL has a pipeline network of 11,400 km in India accounting for three-fourths of natural gas transmission.
OMCs to try direct $ buys from RBI
India is exploring a tried-and-tested option of opening a window for oil marketing companies (OMCs) to buy US dollars directly from the Reserve Bank of India (RBI) in order to arrest the rupee’s slide.
ONGC seeks lower royalty outgo to boost coffers
Upstream major seeks revision of post-wellhead crude costs for nomination fields.
System based on radio waves: Railways to test European signalling system
The Indian Railways has selected the 850-km route between Mathura and Vadodara to test the European Train Control System.
Indian Railways to float new global tender for 7.5 lakh tonne rails; likely worth Rs 4,000 crore
Indian Railways is all set to float a global tender of 7.5 lakh tonne (likely worth around Rs 4,000 crore). It is faced with a dilemma to whether reduce its targets for commissioning of new lines so as to meet the planned tr
Niti Aayog halts Oil India’s CGD plans
The Niti Aayog has denied ‘permission’ to state-run Oil India (OIL) to venture into the country’s reinvigorated city gas distribution (CGD) business, arguing that exploration companies must focus on their core activitie
Fuel taxes: States get a third more than Centre
When you buy petrol at Rs 81/litre, Rs 24 goes to states’ kitty and Centre gets Rs 15
Ad Valorem Taxes: Skyrocketing fuel prices add crores to states’ revenue
With VAT levied on ad valorem basis, states’ tax revenue from the two fuels rise in tandem with the increase in their prices.
ONGC stake sale: Government may clarify before the OFS that it won’t reimpose onus on upstream firms
Ahead of its proposed 5% stake sale in ONGC via the offer for sale (OFS) route, the government may clarify to investors that it won't reimpose the burden of subsidy-sharing on the state-run explorer.
Railway PSU IRCON’s IPO to hit market by September 18
The initial public offering (IPO) of railway PSU IRCON International will hit the market on September 17 or 18.
Languishing leases: DGH asks ONGC to show work plans, may get tougher
Concerned over the continuous fall in crude oil production by ONGC, the government has asked the state-run explorer for detailed, time-bound work plans regarding as many as 86 PML areas awarded to it, where production is yet
Govt to carve out hydrocarbon blocks for OALP-II
In the first round of the OALP, a critical part of the Hydrocarbon Exploration Licensing Policy (HELP), launched in March 2016, explorers had shown interest in 55 blocks. However, according to sources, only 12 EoIs have been
Raniganj CBM block: ONGC to hire integrated service provider to cut costs
Estimated cost of developing the block is Rs 2,213 crore and the company expects the integrated service provider to bring it down to around Rs 1,400 crore
Pre-NELP blocks: ONGC seeks royalty, cess repayment
State-run oil explorer ONGC has sought reimbursement of large amounts paid by it as royalty and cess on behalf of its exploration partners for the pre-New Hydrocarbon Licensing Policy blocks.
Big relief! Government won’t ask ONGC to share subsidy burden even if crude oil price crosses this mark
The government has dropped a plan to ask ONGC to resume sharing its fuel subsidy burden if the Indian basket of crude breaches $70 a barrel.
Track access charges: Indian Railways set to pay around Rs 10k crore for dedicated freight corridors starting 2020-21
Financially-overburdened Indian Railways (IR) is set to face hefty bills from the Dedicated Freight Corridor Corporation of India (DFCCIL) starting 2020-21 as the transporter has to pay the latter track access charges (TACs).
Railway stations Revamp: DDA puts a spanner in the works
While the railways has sweetened the package for private developers seeking to grab its station redevelopment projects, the plan has run into a hurdle as the MoHUA has asked a Cabinet note in this regard.
Eyeing global reach: Government mulls listing of ONGC on overseas stock exchange
With a view to “having better access to foreign capital and have a global reach,” the government is considering listing state-run oil explorer ONGC on an overseas stock exchange.
Concor ropes in TCS to strengthen mobile app for reverse auction
In a bid to improve the quality of services offered by vendors for containerized movement of cargo at the first and last mile, state-run Container Corporation of India (Concor) has roped in Tata Consultancy Services (TCS) to
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