Indian refiners, both state-owned and private, are weighing a “consortium” arrangement for buying crude from the United States to secure concessions and save on freight costs, at least two people familiar with the plan said. “There was a lot of discussions on energy. This...

Railway projects account for over 60 per cent of the 358 central sector projects that are facing cost overrun for various reasons, with their cost escalating by Rs 2.46 lakh crore. A total 216 projects of railways are facing total cost overrun of Rs...

The government does not seem to be in favour of extending a helping hand to cash-strapped Jet Airways. Suresh Prabhu, Minister of Civil Aviation, said: “For a private airline it is for the board of directors to make sure it functions properly and it...

In order to ensure timely relief work in the event of natural disasters and in emergency situations, the Ministry of Road Transport and Highways is planning to set up 11 emergency landing air strips on National Highways across seven states. The first such air...

The government should bring diesel and petrol under Goods and Services Tax (GST) to help transporters plan their operations efficiently. It is becoming extremely difficult for transporters to operate with daily fuel pricing, said Akhilesh Singh Yadav, President, Jamshedpur Transport Welfare Association. About 20...

Tata Sons’“agenda meeting” at the Bombay House discussed the possibility of investing in Jet Airways. However, the deal structure of a possible acquisition was “not discussed.” The initial discussions hovered around offering a board seat to Goyal and on the possibilities of using the...

Only a few global fleet owners are dismantling their end-of-life ships at green ship recycling facilities in Alang, Gujarat, rendering many under-utilised, amidst intense competition that has nixed the price advantage yard owners had hoped to get when they invested in the upgrade some...

Late on Friday Tata Sons partly confirmed that discussions with Jet Airways have been preliminary and no proposal has been made. This broke weeks of silence which both parties have maintained since the story on Tata Sons looking to take a stake in Jet...

National carrier Air India plans to mop up Rs 700-800 crore by selling over 70 residential and commercial properties spread across the country, a senior airline official said on Thursday. This fresh bid is a part of the airline’s real estate assets monetisation plan...

Tata Sons Ltd is in pursuit of a controlling stake of debt-laden Jet Airways Ltd, a purchase which could transform India's largest conglomerate from airline fringe player into the country's dominant, full-service international carrier. Tata is weighing up the economic viability of a deal...