ICRA rating agency expects the toll collections to witness a high single-digit growth in FY19, followed by a double-digit growth in FY20, due to the strong growth in sales of medium and heavy commercial vehicles and the increase in Wholesale Price Index (WPI). In...

The government is spending more than Rs 20,000 crore to rectify accident prone black spots on roads across the country in order to reduce fatalities in such incidents, Union Minister Nitin Gadkari said on Friday. Speaking here at the launch of a research report...

Commerce and Industry Minister Suresh Prabhu on Friday pitched for developing special lanes for cyclists in cities, saying use of bicycles has multiple benefits for environment and health. “In city planning, there is a need to focus on cyclists. We must have special lanes...

As a part of its ongoing expansion project, GMR-led Rajiv Gandhi International Airport here has commissioned 26 new parking stands. These have come up towards the east of the passenger terminal building. With the addition of these stands, the airport now has 83 parking...

Cash-strapped Jet Airways proposed to creditors that it would catch up with debt payments in arrears by September and from April would meet debt payments as they come due, according to a document seen by Reuters. Jet met with lenders, lessors and vendors in...

Bangalore International Airport Ltd (BIAL), operator of Kempegowda International Airport-Bengaluru, plans to achieve financial closure for its ₹13,000 crore second-phase expansion plan by January-end. “The company is going in for debt-equity in the ratio of 80:20. For the debt component, we are getting commitments...

Self-drive car rental start-up Zoomcar India Pvt. Ltd has posted a 10 per cent increase in loss at ₹116 crore during the year ended March 31, 2018, as against ₹105 crore in the year ago period. While the company was able to contain its...

Chowdhary family-promoted Titagarh Wagons, the flagship company of the Titagarh Group, is eyeing a turnaround of its European operations, thanks to improved market conditions and an entry into new markets. It expects the turnaround to happen in phases, most likely by FY21. According to...

The Railways is hopeful of achieving freight loading target for the current fiscal, according to officials. Till December, it has already loaded an extra 46 million tonnes (MT) cargo. The annual target for the year is an incremental 56 MT. Majority of the incremental...

ICRA has downgraded the debt-laden Jet Airways again. This is the fourth time that the ratings have been downgraded in less than two years. ICRA in its report mentioned that the rating was downgraded considering delays in the implementation of the proposed liquidity initiatives...