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NHAI receives Rs 5,011 cr from Cube Highways towards TOT third bundle

NEW DELHI, Oct. 19 -- The National Highways Authority of India (NHAI) has received upfront consideration of Rs.5,011 crore on Monday from Cube Highways, under the third bundle of the toll-operate-tran... Read More


Finance minister nudges CPSEs to meet 75% of capex target by December

New Delhi, Oct. 19 -- Finance Minister Nirmala Sitharaman on Monday nudged central public sector enterprises (CPSEs) to meet three-fourth of the capital expenditure target by the third quarter of the ... Read More


Rail freight revenue up 11% in Oct so far

New Delhi, Oct. 17 -- Freight revenue of Indian Railways jumped 11% in the first 13 days of October from a year earlier to Rs.4,124 crore, underscoring renewed economic activity and rising demand afte... Read More


CPI inflation surges, factory output shrinks

NEW DELHI, Oct. 16 -- India's retail inflation accelerated to 7.34% in September, remaining well above the central bank's targeted range for the sixth consecutive month, as food prices rose. Food inf... Read More


Railway freight earnings register 11% on year jump in October

NEW DELHI, Oct. 16 -- Earnings from goods transportation via Indian railways continued to rise in October, indicating gradual recovery in demand and an uptick in economic activity. Freight loading gr... Read More


Govt extends 40% discount on cargo movement between India and Chabahar Port in Iran

New Delhi, Oct. 16 -- The union shipping ministry on Friday said it has extended the current 40% discount for movement of cargo between India and Chabahar port in Iran for one more year to encourage t... Read More


Indian Railways invites private firms to develop goods sheds

NEW DELHI, Oct. 15 -- Railway ministry has issued a policy to develop goods sheds at small, road side stations via private sector investment, it said Thursday. The move is expected to enhance its ter... Read More


'India among top 3 overseas investment destinations'

New Delhi, Oct. 14 -- India will be one of the top three overseas investment destinations for the next two-three years, according to a survey by Confederation of Indian Industries (CII) and EY, which ... Read More


Govt approves Alstom's locomotives to run at 120 kmph for goods transportation

New Delhi, Oct. 14 -- The Union Railway Ministry has approved Alstom's 12,000 horsepower electric locomotives to run goods trains at a maximum speed of 120 kmph, in its attempt to give massive boost t... Read More


More than 50% traffic back on our platform: redBus CEO

NEW DELHI, Oct. 14 -- Online bus ticketing platform redBus witnessed over 50% jump in the traffic in October, as covid-induced restrictions were eased gradually, enabling inter-state mobility for indi... Read More