Saurabh Kumar

IOC-GAIL combine will have synergies, says IOC chairman Sanjiv Singh

Amid reports that GAIL (India) may be split into marketing and gas pipeline verticals, Indian Oil (IOC)—which has shown interest in acquiring the gas utility—reckons that either divisions or the total business of GAIL off

IOC chairman Sanjiv Singh, gail , ioc, petroleum sector, economy, india, Finance minister Arun Jaitley, union budget 2018 News

Pilot for home-delivery of diesel likely to start soon

Almost a year after petroleum minister Dharmendra Pradhan tweeted that the ministry of petroleum and natural was exploring ways for home delivery of motor fuels, a pilot is expected to be started soon as required permissions

Dharmendra Pradhan, petroleum, natural gas, motor fuels, Petroleum and Explosives Safety Organisation, Indian Oil Corporation News

Crude surprise: Oil price a threat to Budget 2018 maths

Budget 2018: Finance secretary Hasmukh Adhia has already gone on record to state that if crude hardens, the government would indeed consider cutting the excise duties on petrol and diesel to give relief to consumers and avoid

Budget 2019 News

Budget 2018: Mumbai’s network will get expanded, and Bengaluru will get local rail

Budget 2018: "The Mumbai transport system, which is the lifeline of the city, will be expanded and augmented to add 90 km of double line track at the cost of Rs 11,000 crore. An additional 150 km of suburban network is also b

Budget 2018: Commuters in cities like Mumbai can look forward to some better travelling times as the Budget 2018 has proposed expanding the Mumbai suburban train network. News

Budget 2018: Clear signal – Railways on the move

Budget 2018: While the Indian Railways got a three-fold hike in its capex at Rs 1,46,500 crore as compared to 2013-14, the key area of concern remains its deteriorating operating ratio which in the revised estimates for FY18.

Budget 2018: The passenger earnings has been budgeted at Rs 52,000 crore in FY19, a marginal increase of 0.1% compared with the current year. News

New Indian Railways coal freight rate is good news for power producers; here is why

The latest decision by the Indian Railways to rationalise the tariff structure for coal transportation is expected to benefit independent power producers (IPPs) with a generation capacity of about 22,000 mega watt (MW).

Indian Railways, CERC, development surcharge, fuel charges, power production,  RK Singh, coal transportation, Association of Power Producers, power generators, fuel transportation, Coal India News

Why Indian investments in Mozambique are facing bad weather

Investment by Indian exploring companies in Mozambique gas field is unlikely to see any returns till 2022. This is due to instability in the host nation and not-so-keen approach by other consortium partners and no signs of a

Indian investments, Mozambique, ONGC, LNG terminal, ONGC Videsh, Dharmendra Pradhan, LNG prices, LNG producing blocks, Tokyo, India petroleum minister News

NTPC wants more coal as stocks hit critical levels

In a letter dated January 12 addressed to the secretary of the power ministry, Gurdeep Singh, CMD, NTPC, said the supply shortage “is leading to generation loss on account of coal”.

NTPC, NTPC power plants News

Delhiites may have to pay more for petrol, diesel soon; here’s why

In comparison, around 20,000, or 36%, retail outlets across the country of the 55,000-odd are on A-site. An OMC executive close to the development claims that the additional rental burden in Delhi will make retailing unviable

Delhi, delhi petrol price, delhi fuel price, petrol, diesel  News

Land monetisation: Indian Railways aims for whopping Rs 6,000 crore in 8 years from 17 plots

Indian Railways has fast-tracked its project for vacant land monetisation, a move that could boost its investible resources.

Indian Railways, Land monetisation, Rail Land Development Authority News

Merger, stake sale: ONGC-HPCL deal is a step closer

The Core Group of Secretaries on Disinvestment (CGD) headed by the Cabinet secretary has approved the broad contours of Oil and Natural Gas Corporation’s proposed acquisition of the government’s 51.11% stake in Hindustan

ONGC-HPCL, ongc hpcl merger, ongc stake sale News

Indian Railways to study feasibility of elevated tracks on Golden Quadrilateral

In what could be termed as one of the most ambitious plans of the Indian Railways, the transporter is set to commission a feasibility and cost study for elevated railway tracks across the 10,000 km length of the Golden Quadri

indian railways, railways elevated tracks, railways golden quadrilateral News

What Indian Railways is planning for suspended section

To tackle the issue of non-movement of freight, especially coal, and passengers on the Dhanbad-Chandrapura railway section in Jharkhand, the Indian Railways has planned to lay a diverted railway route.

indian railways, railway board, suspended railway section, coal india, dhanbad chandrapura section News

Up 45 pct from M-cap! HPCL stake: ONGC may pay Rs 45,000 crore

Company likely to go by enterprise valuation rather than market capitalisation for government stake.

hpcl, ongc, hpcl stake, Hindustan Petroleum Corporation,  acquisition of Hindustan Petroleum Corporation, m-cap News

How IRFC tax liability is affecting listing; RITES 1st in queue with offer document

The ministry of railways has approached the ministry of corporate affairs to fix a tax liability issue of Indian Railway Finance Corporation (IRFC) which is affecting the net worth of the company, making it unattractive for l

irfc, irfc tax, irfc tax liability, rites, railways, indian railways, indian railways finance corporation, irfc finances railway projects, tax liability News

Indian Railways debit cards, in tie-up with SBI, on way soon to give digital payments big push

The debit card will be launched in association with the State Bank of India and the transporter’s arm IRCTC.

Economy News

Pilot scheme: Nestle to vend ready-to-eat meals for train passengers

Railway passengers will soon be offered ready-to-eat meals by the likes of Nestle.

indian railways, Piyush Goyal , indian railways passengers, Nestle, ready to eat meal in railways, Haldiram, Dominos , Firozpur Shatabdi, IRCTC, pre packaged food in railways, latest news on indian railways News

Rail Neer from mines: IRCTC’s Jharkhand unit to process Coal India Limited water

The Indian Railway Catering and Tourism Corporation (IRCTC) and Coal India (CIL) are joining hands for a project to use the excess groundwater from the latter’s mines to produce purified packaged water being sold under IRCT

indian railway, Indian Railway Catering, Piyush Goyal, IRCTC Jharkhand unit, IRCTC, CIL,  Rail Neer brand, latest news on indian railways, Vishakhapatman, kota, Rail Neer plants, CIL mines, railway minister News

Oil Marketing Companies are seeking transfer of all central minimum pay cases to apex court

Given that some fuel retail outlet owners have approached the judiciary to appeal against the rule set by oil marketing companies (OMCs) to pay central minimum wages to outlet attendants, the OMCs have moved the Supreme Court

Oil Marketing Companies, Supreme Court, new delhi, marketing discipline guidelines, Madhya Pradesh, jammu and kashmir, Hindustan Petroleum, bharat petroleum, Indian Oil News

What Narendra Modi government is doing to fully automate fuel retail outlets

In the last three financial years and the current year till September-end, a total of 3,067 cases of adulteration and 5,732 cases of short delivery have been registered, according to data from the petroleum ministry.

Narendra Modi government, automate fuel retail outlets, fuel retail outlets, BPCL, Bharat Petroleum Corporation, oil marketing companies, OMC News

Vedanta chief Anil Agarwal: Centre could transfer 51% stake in big PSUs like ONGC, Coal India, NMDC to tech-sound private funds

The government currently has a little over 68% stake in ONGC, close to 79% in Coal India and a little less than 75% stake in NMDC. Agarwal said unutilised assets within these companies can also unlock a lot of opportunity.

Vedanta, Anil Agarwal, Centre, PSUs, ONGC, Coal India, NMDC, tech-sound private funds News

Ujjwala LPG cylinder scheme: Narendra Modi government set to take this big step to fund refills

Given how several households that want to benefit from the Pradhan Mantri Ujjwala Yojana (PMUY) may not have the means to refill liquefied petroleum gas (LPG) cylinders, the ministry of petroleum and natural gas is roping in

Pradhan Mantri Ujjwala Yojana, PMUY, LPG cylinders, petroleum and natural gas News

Cleaner bedding: Railways to get all linen washed in-house by 2018-19

The Indian Railways requires to wash 370 tonne of linen, excluding blankets, per day.Of the total 1.5 lakh complaints received by the carrier in 2016-17, non-availability or poor quality of linen together made up 4% of the to

Railways, indian railways, railway bedding, train journey News

Anil Agarwal says, Vedanta to invest $9 bn in India; says to create 10 lakh jobs

Having so far invested around $33 billion in India, mainly in the natural resources space, NRI billionaire Anil Agarwal-led Vedanta Resources has chalked out plans to pump another around $9 billion into the country over the n

Vedanta, Anil Agarwal, India, NRI billionaire, Cairn India,  News

On Railways, no more dirty linen; now get spanking new Khadi bed kit that you can even take home

Have you ever travelled in AC sleeper class on a train and not worried about the cleanliness of the bedsheets, blankets and pillows offered to you? That is set to change.

Railways, dirty linen, no more dirty linen, AC sleeper class, train journey, comfortable journey, cleanliness of the bedsheets, blankets, new Khadi bed kit News

Set floor price for domestic gas: Experts

Despite the recent fall in prices of imported LNG, the fuel still costs $6-7 per mmbtu to domestic consumers, clearly signalling the demand for gas at prices higher than $2.89 per mmbtu fetched by domestic explorers for shall

floor price, domestic gas, fall in prices, prices of imported LNG, domestic consumers, demand for gas, ONGC, Petronet LNG, domestic explorers News

Railways wants bigger piece of auto transportation pie, looks at developing dedicated terminals

Automobile manufacturing in the country is bunched mostly in Tamil Nadu, Pune in Maharashtra and around Sanand in Gujarat, with few manufacturing units scattered in other parts of the country.

Railways, auto transportation, automakers, Piyush Goyal, Indian Railways  News
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