Indian Oil has emerged as the first company to deliver the parcel of 0.5 per cent sulphur380 CST marine fuel oil to international ship. The company has thus complied with International Maritime Organisation guidelines which require all the seagoing tanker vessel to switch over...

Even as the government pushes for a country-wide rail freight corridor, looking to emulate what other countries have done, infrastructure companies are facing lower toll collection revenues from the existing highways and delays in new project awards. The government's plan to collect Rs 1...

PMI Electro Mobility Solutions Pvt Ltd (PEMSPL) on Thursday said it plans to invest ₹500 crore along with its Chinese partner Beiqi Foton Motor Co (Foton) for setting up an electric bus manufacturing plant at Pune in the next two to three years. PEMSPL,...

SpiceJet has signed a lease for four Boeing 737 MAX aircraft which were earlier operated by Jet Airways. Addressing SpiceJet’s AGM here on Monday, its CMD Ajay Singh said another 10-12 Boeing MAX are ready for delivery to the airline in the US. The...

Low-cost carrier, AirAsia on Monday announced that Mumbai would be its fourth hub in India. The airline also informed that it would shift its flight operations from Terminal 2 (T2) to Terminal 1 (T1) from Mumbai’s Chhatrapati Shivaji International Airport from October 15. AirAsia...

By January 2020, pretty much all kind of waste generated at Bhubaneswar’s railway station, carriage and coaching depot will be converted into light diesel oil that can be used in furnaces and gas that can be used to keep the waste-to-energy plant running. This...

E-tickets bought through IRCTC will get costlier as the Indian Railways has decided to restore service charges from September 1, according to an order. The IRCTC will levy a service charge of ₹15 per ticket for non-AC classes and ₹30 for AC classes, including...

GVK’s stepdown subsidiary Navi Mumbai International Airport Private Ltd, has awarded the engineering, procurement and construction (EPC) contract for the greenfield airport to the transportation infrastructure and buildings & factories businesses of construction major L&T Construction. The key development spectrum covers cut and fill...

The Indian Coast Guard (ICG) Offshore Patrol Vessel (OPV) Yard-45005 was launched at L&T Shipyard, Kattupalli, in Ennore in North Chennai today. It is likely to be inducted into the ICG in early 2020, after completion of trials on fitted equipment and machinery. The...

The shipping ministry has floated a proposal to sort out the past surplus, worth over ₹2,500 crore, earned by some of the earliest private cargo handling terminals at major port trusts whose mandatory rate revisions of every three years have been delayed by more...