Reports suggest that the cost of the proposed 330-metre container terminal berth project at Jawaharlal Nehru Port may exceed the original estimate of Rs 600 crore by Rs 300 crore. The berth will have the capacity to handle eight lakh Twenty Foot Equivalent Unit (TEU) per annum, which could be augmented to one million TEU, with better equipment and
Author: admin (Infratructure Today)
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Maritime board struggles to sell 999 ton tanker
Maharashtra Maritime Board has been making efforts to sell a 999-ton crude oil tanker named MT Pavit for the last over six months, but in no vain. The ship, whose route is still unclear to authorities drifted to the Juhu beach over a year ago and as its owners were not coming forward, the maritime board had to ta
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Mumbai h’way’s 2-km stretch in Pune to be concretised
In Pune, a 2-km stretch of the Pune-Mumbai highway from Phugewadi to Dapodi will soon be concretised along all eight lanes. The stretch, which falls in the Pimpri Chinchwad Municipal Corporation (PCMC) limits, was widened earlier, but its concretisation work has not been completed. The PCMC has already concretised the 11-km highway stretch from Phugewadi to Nigdi.
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Early enforcement of Basel III may be challenging for banks
According to global ratings agency Standard & PoorĆās, the Indian banking system could face challenges in maintaining or raising capital ratios if Basel-III norms are implemented immediately. The agency said if the Reserve Bank of India decides to implement Basel-III norms immediately Indian banks could face a $3-4 billion (Rs 16,185-21,600 crore) capital shor
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Cairn India posts 48% rise in net profit
The consolidated net profit of Cairn India rose 48 per cent to Rs 3,344.9 crore in the October-December 2012 quarter from the year-ago period. The company announced a 38 per cent growth in consolidated revenue to Rs 4,277.6 crore during this perio
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Aeon Renewable Energy to invest Rs 250 cr in 3 yrs
Chennai-based Aeon Renewable Energy Solution is to invest Rs 250 crore over the next three years on setting up 25 megawatt (mw) of solar power generation capacity in Tamil Nadu. The company is planning to establish its presence in the retail solar power generation solutions for domestic and industry for captive use.
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Coal ministry justifies allocation of blocks to captive miners
Union coal ministry justified the allocation of coal blocks to private captive coal miners on grounds that Coal India and other public sector agencies could not meet the demands from private power generators. Therefore, the government had no alternative but to allot captive coal blocks "if it wanted to ensure spee
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SpiceJet, AI cut fares, budget carriers may follow suit
Now, a silent fare war among Indian airlines is appears to be on. SpiceJet's recent mega sale has triggered a tussle between other Indian airlines who are dropping fares discreetly. Air India dropped fares on January 21 night, taking them lower than rival full-service carrier Jet Airways and matching the prices of the three budget carriers on every route.
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Air India may soon become a member of Star Alliance
Air India's Director (Commercial) GD Brara will meet Star Alliance bosses in Frankfurt, Germany, this week to join Air India as a member of the prestigious Alliance. The Indian government-owned carrier had been waiting for years to join the Star Alliance. It may happen within a few months.
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British Airways in talks with IndiGo for alliance: Reports
To have an 'interline agreement' with India's biggest carrier, IndiGo, British Airways is engaged in talks, media reports say. The agreement is for ticketing and baggage sharing, sources said on January 22. The interline agreement allows customers from two airlines to buy connecting flights on one ticket.