Three cash-rich rail PSUs — Ircon International, Rail Vikas Nigam and Rites — are likely to undertake buyback of their own shares before their initial public offerings (IPOs) hit the market later this year.
Indian Railways is worried that the tax treatment of work contracts in the GST regime would inflate its cost of expansion, as the contractors threaten the additional tax liability on them will reflect in contract values.
In what could give a lifeline to several stranded gas-based power plants, Qatar may enter into a long-term contract to supply gas to them. The power plants will form a special purpose vehicle (SPV) where Qatar’s gas produce
Enthused by the response received from overseas developers for the station redevelopment programme, the Indian Railways will hold roadshows abroad to showcase the financial robustness of the scheme and attract more investors.
The oil marketing companies (OMCs) are seeking a concessional rate to develop fueling facility at smaller airports which will be operational under the government's flagship Regional Connectivity Scheme (RCS).
Even though the oil marketing companies (OMCs) maintain that daily petrol and diesel retail price revision will result in better management of inventories, the issue seems set to escalate as dealers plan to play hardball.
The Indian Railways might be staring at a substantial loss in irrecoverable integrated (interstate) GST, or integrated GST, if the council meeting on Sunday does not consider its plea to put its own material movement and coac
The fares for short distance travels in Shatabdi trains are set to be reduced across the country following a successful experiment in two such trains wherein fares were reduced leading to a sharp increase in patronage.
Given that the air-conditioned 3-tier class is the only profitable category for the Indian Railways and the recently launched Humsafar Express — which only has AC 3-tier coaches — has been a successful experiment, the nat
In a bid to salvage the loss-making fields acquired from Imperial Energy in Russia's Tomsk region, ONGC Videsh (OVL) is planning to create a facility at the site which will enable it to use the associated gas produced from th
With reports of the petroleum sector taking a Rs 25,000- crore hit due to not being able to get input tax credits under GST, revenue secretary Hasmukh Adhia said that a committee has been set up to examine the matter.