Saurabh Kumar

Petrol, diesel price hikes and cuts on daily basis from mid-June at fuel pumps across India

From the second fortnight of June, dynamic pricing of petrol and diesel will be extended to the entire country by the oil marketing companies (OMCs).

Petrol, diesel price hikes, oil marketing companies, Indian Oil Corporation, Bharat Petroleum Corporation, Hindustan Petroleum Corporation News

Narendra Modi government offers cash to states to get rid of kerosene subsidy

With DBT-kerosene a non-starter, Centre’s focus on cash sops to states voluntarily cutting PDS kerosene quotas

Narendra Modi, Narendra Modi government, kerosene subsidy, DBTK,  PDS kerosene demand, PMUY, karnataka, Jharkhand  News

Suresh Prabhu-led Railways inks major success, passenger traffic jumps 2.5%; suburban system logs 4% growth

In what may signal a sustained revival in passenger traffic of Indian Railways (IR), the segment witnessed a 2.5% growth in the April-May 2017 period compared with the similar period a year ago.

Suresh Prabhu, indian railways, railways passengers, Punjab, Maharashtra, Coal India News

Indian Railways to slash Shatabdi short-run trains’ fares

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.

Shatabdi trains, Shatabdi trains fares, Shatabdi trains fares to be reduced, reduction in Shatabdi trains fares, reduction in fares of Shatabdi trains, indian railways, railways, shatabdi News

India’s LNG supply not to be affected after Gulf states boycott Qatar over terror

New Delhi plans to honour its long-term contracts with Doha which are crucial for its domestic energy security.

qatar crisis, qatar crisis news, qatar crisis latest news, qatar india relations, india qatar relations, qatar india lng ties, qatar doha ties, lng News

For Railways, AC 3 tier turns into hot property; more such coaches, Humsafar Express trains on cards

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

ac coaches in humsafar express, humsafar express, indian railways, ac 3 tier coaches in humsafar express News

ONGC Videsh to shun burning of gas at Russia facility, eyes value-added production

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

ONGC Videsh, OVL, Imperial Energy, ongc videsh russia facility News

Integrated public sector oil company: Oil Ministry prefers making HPCL an arm of ONGC

An HPCL executive said in order to keep its name and brand intact, the alignment process has to be through the subsidiary route.

Integrated public sector, Integrated public sector oil company, Oil Ministry, HPCL, ONGC, ONGC and HPCL intact, Exxon Mobil, BP, Dharmendra Pradhan News

PM Narendra Modi’s free LPG scheme PMUY achieves goal, PDS kerosene sales dip 20%

The Narendra Modi government’s free LPG scheme for below poverty line (BPL) women seems to have achieved its objective of addressing health hazards posed to millions by polluting cooking fuels.

Narendra Modi, PM Modi, Narendra Modi's free LPG scheme, PMUY, PDS kerosene sales, BPL, LPG connections, World Health Organization News

Railway Minister Suresh Prabhu: Finances under stress, safety cess on passenger fare a possibility

In the past three years since the NDA government took charge, the ministry of railways has committed and initiated various projects to enhance passenger amenities and augment freight.

suresh Prabhu, Indian Railways, Indian railways investment, Maharashtra, Devendra Fadnavis News

Indian Railways station redevelopment arm gets big boost, Malaysia CIDB says interested in, 20-plus stations upgrade

Interestingly, CIDB already has an MoU with India’s Ircon International to develop railway infrastructure in India.

Economy News

Even J&K FM wants petro oil lubricants under GST

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.

Economy News

Railways tries something new, to hold global design competition for station upgrade ideas

To pool in fresh design ideas for redevelopment of stations, Indian Railway Stations Development Corporation (IRSDC) plans to organise a global design competition.

Industry News

Narendra Modi government’s Railway stations upgrade drive gets boost, IRSDC made self-run firm’

As of now, it is a special purpose vehicle floated jointly by Ircon International (IRCON) and Rail Land Development Authority (RLDA).

India News

Pradhan Mantri Ujjwala Yojana: 6 cr new LPG connections provided, Petro Min seeks additional Rs 4.8k cr

Enthused by achievements in the first year of the Pradhan Mantri Ujjwala Yojana (PMUY), the ministry of petroleum and natural gas has written to the finance ministry to sanction an additional Rs 4,800 crore for the scheme.

India News

IT future depends on software-defined data centres: Michael Dell

The future of the technology space in the next 5-10 years will depend on software-defined data centres and fifth-generation telephony, believes Michael Dell, chairman & chief executive officer of Dell Technologies.

Industry News

Even as users move to smartphones, tablets, Michael Dell says for his company, computers to remain core

At a time when the users are moving towards smartphones and tablets, and Dell Technologies itself is increasingly offering more innovative business solutions, the company's chairman and chief executive officer Michael Dell ha

Industry News

Railways set to get big booster shot, Narendra Modi government to start work on $5 bn rail fund within weeks

After scaling up railway capex substantially over the last couple of years via extra budgetary resources, the Modi government will begin the process for creating a $5-billion Railways of India Development Fund.

railway capex substantially, Indian Railways, Railways of India Development Fund, PPP investment, NITI Aayog News

IOC plans capex of Rs 2k cr, to commission 1,000-km pipelines in FY18

Indian Oil Corporation plans capital expenditure (capex) of Rs 2,000 crore and commission around 1,000 km of pipelines in the current financial year to further augment its current pipeline network.

Indian Oil Corporation, Anish Aggarwal, ATF pipeline, IOC, National Democratic Alliance, Narendra Modi, Petroleum and Natural Gas Regulatory Board News

Free LPG connections: To boost Ujjwala Plus corpus, PM Narendra Modi may allow corporate donations

To boost the corpus of the proposed Ujjwala Plus scheme for free LPG connections, the National Democratic Alliance (NDA) government may allow corporate donations for the scheme.

Ujjwala Plus scheme, free LPG connections, National Democratic Alliance, NDA government, LPG, SECC, LPG connections, PMUY, NITI Aayog News

Indian Railways capex jumps 19% to Rs 1.2 lakh cr; big thumbs up for Narendra Modi policy direction

Coming as it does on top of a steep and unprecedented 59% surge in capex in the previous year, the transporter has indeed helped the economy's investment rate improve marginally from the third quarter of last fiscal.

EOTT system, Indian Railways, trains without guards, Railway coaches News

Indian Railways passenger segment loss at 80% in some categories; only AC 3-tier gives positive returns

Across all the categories, it is only the air-conditioned 3-tier category which gives a positive return of 7.5 per cent.

Indian Railways network, Indian Railways, air-conditioned coaches, AC tier 3, DK Mittal, travelled category in trains, Debroy committee News

Indian Oil to build new terminal at Motihari to supply fuel to Nepal

The Indian Oil Corporation (IOC) plans to build a new oil terminal at Motihari in Bihar to supply fuel to neighbour Nepal through the planned pipeline up to Amlekganj in Nepal. The old terminal at Raxaul, also in the same Ind

IOC, Indian Oil Corporation, 450-kg jumbo cylinder, Coimbatore,  R Sitharthan, Jumbo,  News

In big boost for Indian Railways, 10 of 17 rail zones make profits

Indian Railways (IR) reported an operating ratio (OR) of 97 in 2016-17, the worst in the past 16 years.

Industry News

OVL looking for risk-sharing pact to drill hydrocarbon block in South China Sea

As ONGC Videsh’s (OVL) licence to explore Block 128 in the South China Sea is set to expire soon, the firm has commenced talks with the national oil company (NOC) of Vietnam, PetroVietnam, for a risk-sharing agreement to dr

Economy News

Plan for home delivery of petro products to take time

Petroleum minister Dharmendra Pradhan's tweet on April 21 regarding home delivery of petroleum products may have taken many by surprise, but the actual implementation of the programme is likely to take some time.

Economy News

Indian railways turns to embassies to ensure maximum bidders for station upgrade plans

To ensure the Indian Railways’ ambitious station redevelopment plan receives maximum bidders, the national carrier has reached out to the foreign embassies in India, requesting the latter to market the plan in their own cou

Industry News
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