The Rail Vikas Nigam Ltd (RVNL) has been granted an exemption from the mandatory local sourcing clause while procuring steel rails. The exemption was given after it was found that Steel Authority of India Ltd (SAIL) cannot meet the full requirements of the company....

At a time when large banks are shying away from the infrastructure sector, private-sector lender RBL Bank is eyeing highway projects with plans to make selective financing. “We are just about beginning to take baby steps into some selective project financing. So, we are...

Decks have been cleared for India to start operating the Chabahar port in Iran by the end of November after the US granted exemptions to the port from the sanctions it had imposed on the Persian Gulf nation from Sunday. “We are targeting to...

Aviation regulator DGCA has asked Jet Airways and SpiceJet to take corrective action to address possible issues with their Boeing 737 MAX planes that could lead to “significant altitude loss” of the aircraft, a senior official said on Thursday. The latest directive follows advisories...

Union Shipping Secretary Gopal Krishna on Tuesday said relaxation of cabotage for foreign-registered vessels has helped reduce coastal shipping rates and Indian seaports like Krishnapatnam and Visakhapatnam are attracting a share of cargo which was previously transhipped at Singapore or Colombo. The Centre relaxed...

The Cochin Shipyard’s new dry dock project is expected to increase India’s share in global ship-building to 2 per cent, said Nitin Gadkari, Union Minister for Shipping, Road Transport & Highways. At present, India occupies 0.66 per cent share in global ship-building market, the...

Availability of working capital for the road transport sector is slowly being addressed, thanks to the intervention by the RBI. Earlier, there were restrictions on bank lending to NBFCs (Non-Banking Financial Companies), which in turn lend to transporters. However, the Reserve Bank of India...

Coal shipments — both thermal/steam and coking coal — handled by the 12 state-run ports saw a jump in the first half of FY19. The ports handled 51.452 million tonne (mt) of thermal and steam coal in the April-September period, against 41.473 mt in...

Air India is set to introduce the late-night Red-Eye flights on Delhi-Goa-Delhi, Delhi-Coimbatore-Delhi and Bangalore-Ahmedabad-Bangalore routes, from November 30. In a statement, the airline said these flights will operate daily on lower fares. “These late night flights, will be offered at fares considerably lower...

Union Minister Piyush Goyal said on Saturday that the Narendra Modi government discontinued the decades-old practice of presenting a separate railway budget to stop political parties from using it as a “tool” to win elections. Addressing the 5th India Ideas Conclave here, the railway...