The luxury car market will gain some stability and return to a growth path in 2020, said Martin Schwenk, MD and CEO, Mercedes-Benz India, the country’s largest luxury car maker. Growth momentum has been picking up in the last 3-5 months and the industry...

National Highways Authority of India (NHAI) recorded highest Rs 86.2 crore daily toll collection on Sunday, its Chairman Sukhbir Singh Sandhu said. The highest daily toll collection via electronic system of FASTags has also been recorded at Rs 50 crore (single day collection) in...

South American conglomerate Synergy Group and Delhi-based Prudent ARC are understood to have submitted expressions of interest (EoIs) to acquire Jet Airways. Now, all eyes will be on the February 8 deadline for the two potential bidders to present their formal resolution plans for...

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...