Saurabh Kumar

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

Even as costs mount, Indian Railways reports generating ratio for 2016-17 at 97

The national transporter’s total ordinary working expenses stood at Rs 1,19,348 crore for FY17, against a target of Rs 1,21,000 crore.

Economy News

Indian Railways non-fare revenue jumps 70% to Rs 10,181 cr

The Indian Railways’ total income for 2016-17 stood at Rs 1,65,068 crore against a revised target of Rs 1,72,000 crore.

Industry News

LPG distributor licences: Centre falls short of target

Last financial year, 777 distributorships were commissioned and letters of intent of around 1,150 were issued.

India News

Indian Railways empowers executives, undercuts finance department

In a bid to ensure that railway projects that bring value to customers are not impeded by technical objections raised by the national transporter’s finance wing, the ministry of railways has increased the powers of the exec

Economy News

Railway traffic increases, revenue falls in 2016-17

Despite a year-on-year increase in the number of passengers ferried and goods transported in the financial year 2016-17, Indian Railways missed its revenue target in the year.

Economy News

Demonetisation boost to digital payments may derail IRCTC IPO

Withdrawal of service charges on rail ticketing, while helping promote digital transactions after demonetisation, may derail the proposed listing of IRCTC in the current financial year

Economy News

Essar Oil’s monthly throughput at 50 per cent of OMCs’ average in FY17

Despite a strong performance by Essar Oil’s retail division in 2016-17, the company’s average throughput from retail outlets stood at just 50% compared to that of public sector OMCs such as Indian Oil, BPCL and HPCL.

Commodities News

Indian Railways marginally misses FY17 revenue target as passenger segment yields Rs 1,000 cr less, but upbeat about FY18

Indian Railways has missed its revenue targets — albeit marginally — for FY17, with th heavily-subsidised passenger segment yielding `1,000 crore less than the revised estimate announced in the Budget.

Economy News

Rail Development Authority to be ‘power-less’; at least initially

The Railway Development Authority, approved by the Cabinet on Wednesday and likely to be constituted by the end of 2017, will lack statutory powers, at least initially.

Economy News

Good news: To ensure all homes with LPG connections don’t run short, Narendra Modi government takes next step

As per earlier the Gas Cylinder Rules ,2004, the district authority was not defined and NOCs were obtained by prospective distributors from various local authorities including sarpanch, gram panchayat and village development

Economy News

Infrastructure: With eye on 2019 elections, Narendra Modi orders all departments to shorten deadlines, lay out roadmap up to 2020

The Prime Minister’s Office has told all departments to take stock of projects and programmes and provide a road map up to March 2020.

Infrastructure, Narendra Modi, government projects, Dedicated Freight Corridor, Railway ministry, demonetisation , Pradhan Mantri Ujjwala Yojana, Deen Dayal Upadhyaya Gram Jyoti Yojana News

Indian Railways RORO service hits infrastructure hurdle, needs structural change to work effectively

The full-fledged operations of the Indian Railways’ roll-on-roll-off (RORO) facility will take some time as the carrier will require changes in the existing infrastructure or rolling stock to accommodate bigger trucks.

Indian Railways, RORO, multimodal transport, RORO service, Konkan Railways, Northeast Frontier News

New tax regime: Government to charge same GST rates for domestic, commercial usage of LPG

LPG, one of the three petroleum products to be under the GST from day one along with kerosene and naphtha, would be taxed at the same rate for commercial and domestic users.

Liquefied petroleum gas, petroleum products, GST, commercial and domestic users, Dharmendra Pradhan, PAHAL, crude oil, natural gas, petrol, diesel, GST council News

After BS III vehicles ban, India moves 100 per cent to BS IV fuel standard

Starting April 1, around 53,500 petrol pumps run by the state-owned oil marketing companies (OMCs), apart from those run by private operators Reliance, Essar and BP, will sell the higher specification diesel and petrol across

Arkady Dvorkovich, OPEC, Russia, Donald Trump, Syria, Citi Futures Perspective, New York Mercantile Exchange, United States, News

Despite fare hikes, Indian Railways likely to miss target

The flexi-fare system and differential pricing launched by Indian Railways (IR) earlier this year has since led to significant — though not steep — increase in passenger revenues from the “reserved categories”.

Industry News
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