Workers of the state-run Dredging Corporation of India Ltd (DCI), who waged a successful struggle for months against its privatisation, will likely have walked into a trap, with the Union Cabinet last week clearing the sale of the Centre’s 73.44 per cent stake in...

RITES Ltd has started leasing locomotives to construction major L&T, which uses them to haul material for building the dedicated rail freight corridor. RITES, the only player in the wet leasing space, offers train engines with drivers and maintenance. RITES, a government-owned publicly listed...

Hit by higher fuel costs and a plunging rupee, Jet Airways posted a net loss of ₹1,261 crore on a consolidated basis for the quarter ended September 30, against a net profit of ₹71 crore recorded in the same period of the previous financial...

Increase in consultancy and turnkey business has helped RITES Ltd, an Indian Railways’ public sector enterprise focused on transport consulting and engineering, post a net profit of ₹ 117 crore for quarter ended September 30, 2018 up 59 per cent year on year. It...

Jet Airways confirmed on Tuesday that it is in talks with multiple parties for a stake sale in JetPrivilege Private Limited (JPPL) and fresh equity infusion into the company. JPPL is an associate company of Jet Airways (India) Ltd, set up with the purpose...

Prime Minister Narendra Modi on Monday inaugurated India’s first multi-modal terminal on the Ganga river in his parliamentary constituency here and received the country’s first container cargo transported on inland waterways from Kolkata. The first consignment containing food and beverage had set sail from...

Food and beverages major PepsiCo India on Monday said it has become the first company to use the country’s inland waterways for container movement by transporting products from its plant in Kolkata to Varanasi. Prime Minister Narendra Modi inaugurated India’s first multi-modal terminal on...

To increase rail safety levels and to cut down on train delays, Indian Railways will soon start beaming the location of trains on a real-time basis. At present, a train’s location is updated every eight minutes. The routes on which the real-time location will...

The national permit vehicles can now ply without two drivers, the government said on Saturday. Besides, there is also no requirement of having dark brown body colour for such vehicles, as was mandatory earlier with amendment in Central Motor Vehicles Rules. “The Ministry of...

Indian economy class and other air travellers can look forward to spending some time in what is being called the world's first economy class lounge when they travel through the newly inaugurated Muscat International Airport. The airport has ten economy class lounges spread over...