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India to become No 2 in aviation market in a decade

India to become No 2 in aviation market in a decade

Union Civil Aviation Minister Ajit Singh said recently that India would become the second-largest air traffic market in the world within a decade as the government has adopted an open air policy. Speaking at the official inauguration of the new airport at Nagpur in Maharashtra, named the Dr BR Ambedkar International Airport, he said domestic carriers flew close to 162 million passengers in 2011-12, up from 143 million in 2010-11.

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Analysts cast doubt on output forecast of ONGC

Analysts cast doubt on output forecast of ONGC

Some analysts cast doubt on the guidance given by Oil and Natural Gas Corporation (ONGC) for crude oil production in 2013-14 because the company derives 72 per cent of its output from fields which are 37-52 years old

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Study shows steel firms must attain raw material security

Study shows steel firms must attain raw material security

Long-term success of steel companies would be determined by investment in raw material security, capital project management, customer centric measures, a study by consulting firm Accenture shows. The study also laid emphasis on building differentiated supply chains and securing human capital for t

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Govt may set up coal regulatory authority in 4 months

Govt may set up coal regulatory authority in 4 months

In the next two to four months, Indian government plans to set up an independent regulatory authority for coal sector, Finance Minister P Chidambaram said at the Canada India Business Council meeting. The proposed regulatory authority would become effective mechanisms to address problems being faced in the implementation of coal projects