Lack of proper policy for aircraft maintenance, repair and overhaul (MRO) is hampering the development of the sector in the country, reports indicate. India is said to be having tremendous growth prospect in the MRO segment and hence industry body ASSOCHAM called for streamlining of taxes to encourage aviat
FlashNews:
Small is Beautiful: IFFCO Reports Record Profit for Third Consecutive Year as Nano Fertiliser Sales Surge
Operation Sindoor: Airspace Restrictions in the Age of Cross-Border Tensions
REC Profit at ₹15,713 crore for FY25
Shri Jitendra Srivastava assumes charge as CMD, REC Limited
India’s Aerotropolis Plans Get Further Boost with Hisar Airport
REC Limited Signs MoU with MMRDA for ₹1 Lakh Crore Investment in Mumbai Metropolitan Region (MMR)
NBCC CMD K.P. Mahadevaswamy Assumes Chairmanship of SCOPE
Hindalco to be a force for good with engineered solutions transformation: Kumarmangalam Birla
HSR Needs Fast Tracking
RECPDCL Handovers Ratle Kiru Power Transmission Limited, a SPV of Transmission Project, to IndiGrid 2 Private Limited
RECPDCL Handovers 3 Nos. SPVs of transmission projects viz. Banaskantha Transco Limited, Kurnool-IV Transmission Limited & Rajasthan V Power Transmission Limited to Power Grid Corporation of India Limited
Showcasing India’s Supply Chain Revolution
Highlighting the Future of Smart, Sustainable Infra
Driving Sustainability Through Innovation
REC Signs ₹18,360 Cr MoU with Govt. of Kerala for Pump Storage Projects
IIFCL Launches its Gender Equality and Social Inclusion (GESI) Cell on the occasion of International Women’s Day 2025.
IIFCL and CBI Sign Expression of Interest to promote Sustainable Infrastructure Financing in India
CCI India presents 1st edition of CEO Round Table Conference on Agriculture
Jayesh Ranjan & Cement Expo Forum Leaders converge in Hyderabad
SCI, DCI, ports incur avoidable costs
The annual report of the union shipping industry shows that some organisations in the sector incurred an expenditure of about Rs 490 crore, which was avoidable. According to a government audit, pointed out in the report, Dredging Corporation of India (DCI) incurred Rs 165 crore cost owing to lack of professional handling of fuel consumption
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
Companies show strong interest in banking venture
According to informed sources, over 100 entities have shown interest in venturing into banking business following the release of the final guidelines by the Reserve Bank of India (RBI). It may be recalled that in February 2013, the central bank released its guidelines for licensing of new banking operations and invited applications for licenses before July 1, 2013
Bank credit to infra projects may suffer under Basel III
A recent report by ratings agency Icra said bank credit to infrastructure sector may be affected by the norms of the Basel- III regulation. Credit to infrastructure is long-term in nature, while the deposits of banks is short-term to medium-term. This raises asset-liability mismatch. According to the Basel-III norms, banks must maintain a strict net stable funding ratio (NSFR), which is designed to ensure that long-term assets are funded with
Govt clarifies on FDI in oil and gas projects
According to the extant Foreign Direct Investment (FDI) policy, FDI, up to 100 percent, is permitted, under the automatic route, for exploration activities of oil and natural gas fields. This information was given by the Minister of State in the Ministry of Commerce & Industry, D Purandeswari in a written reply in the Rajya Sabha
India discusses investment opportunities with Kuwait
During a recent meeting with a visiting team of dignitaries from Kuwait, the Indian government discussed opportunities for Kuwaiti investment in refineries in India. Kuwaiti Minister Shaikh Nasser Sabah Al-Ahmed Al-Jaber Al-Sabah held talks with External Affairs Minister Salman Khurshid on various bilateral issues including ways to ex
PwC India suggests tax benefits for oil & gas sector
PwC India has suggested the government to give some tax benefits to the oil and gas sector. Deepak Mahurkar, Leader Oil & Gas, PwC India recommended the government to make all petroleum sector transactions eligible for classical GST benefit. He proposed the government to include natural gas and coal bed methane in the 'mineral oil' category, in order to q
Govt may widen scope of infrastructure definition
Media reports suggest that while tabling the budget 2013-14, the finance minister may announce the expansion of the definition of infrastructure sector so that growth across wider range of sectors is boosted. It may be noted that some sectors like telecom, housing, shipping, education are seeking infrastructure status. On February 28, Finance Minister P Chidambaram will p
Govt may widen scope of infrastructure definition
Media reports suggest that while tabling the budget 2013-14, the finance minister may announce the expansion of the definition of infrastructure sector so that growth across wider range of sectors is boosted. It may be noted that some sectors like telecom, housing, shipping, education are seeking infrastructure status. On February 28, Finance Minister P Chidambaram will p