Sanjay Gupta is the youngest Chairman & Managing Director in the 28-year history of Konkan Railway Corporation (KRCL).

State-owned ONGC and Hindustan Petroleum Corp Ltd (HPCL) may sell a part of their stake in Mangalore Refinery and Petrochemicals Ltd (MRPL) to comply with regulations on minimum public holding.

India is to pay Iran $700 million to clear one-tenth of oil dues in the last week of September, the first payment this year ahead of easing of international sanctions against the Persian Gulf country.

IFC has been one of the earliest investors in renewable energy in India and leads in promoting the renewable energy generation agenda by investing in private sector developers and helping them leverage opportunities in solar, wind and other forms of renewable energy.

In the first six months of the current fiscal, the New Mangalore Port Trust (NMPT) has recorded a growth of 15.78 per cent in cargo handling. The port handled 19.37 million tonne of cargo during April-September of 2013-14, against 16.73 million tonne in the corresponding period of the previous fiscal, the port said.

The Prime Minister’s Office has been monitoring the Capital expenditure (CAPEX) and investment plans of selected Central Public Sector Enterprises (CPSEs) since FY 12-13. The purpose of this exercise was to enhance investment in the economy and use CPSEs to drive economic growth.

As the Mangalore Refinery and Petrochemicals (MRPL) commissioning its single-point mooring (SPM) system at New Mangalore Port last week, the port's liquid cargo handling has been boosted. Single point mooring is an offshore facility that serves as a mooring point for tankers to discharge their cargoes. For now, MRPL is served by two berths at the port to handle crude oil and petroleum products.

In the first five months of 2013-14, the New Mangalore Port (NMPT) recorded a growth of 12.25 per cent in cargo handling. The port handled 15.76 million tonne of cargo from April-August as against 14.04 million tonne in the corresponding period of the previous fiscal (2012-13). Crude oil and coal contributed to the growth in port's cargo handled during the period, said the port's Chairman P Tamilvanan.

To reduce the current account deficit (CAD), the Union Oil Ministry has worked out a plan, which can save $22 billion in the oil import bill from Iran, said the Union Petroleum Minister M Veerappa Moily. The Minister said that import of oil is one of the components responsible for CAD. The Prime Minister Manmohan Singh has told the Ministry to save $25 billion in the import bill. And accordingly, the Ministry has prepared a plan to save $22 billion in import bill, Moily said.