Shine Jacob &Amp;Amp; Arindam Majumder

Stories by Shine Jacob &Amp;Amp; Arindam Majumder

Newbies dream to become oil barons in limbo

Newbies dream to become oil barons in limbo

Rediff.com   3 Oct 2020

22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.

Indian Railways back on track, stems fall in freight traffic

Indian Railways back on track, stems fall in freight traffic

Rediff.com   2 Oct 2020

Revenue from freight operations also increased by 14 per cent to Rs 9,903 crore in September.

Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

Rediff.com   29 Sep 2020

Going by the current market cap of Rs 83,451.15 crore, 7.33 per cent stake in BPCL is expected to be valued around Rs 6,117 crore.

L&T, 2 mega consortia in race for India's first bullet train project

L&T, 2 mega consortia in race for India's first bullet train project

Rediff.com   24 Sep 2020

The first consortium includes Afcons Infrastructure, IRCON International and JMC Projects, while the second group of companies include NCC, Tata Projects and J. Kumar Infra Projects.

Adani, GMR among 20 firms keen on rebuilding New Delhi railway station

Adani, GMR among 20 firms keen on rebuilding New Delhi railway station

Rediff.com   23 Sep 2020

The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.

Govt planning to absorb large portion of Air India's debt to woo buyers

Govt planning to absorb large portion of Air India's debt to woo buyers

Rediff.com   22 Sep 2020

Air India owns 32 aircraft, and has 37 aircraft on finance lease; Air India Express owns 17 aircraft on finance lease. The aircraft-related debt of Air India is Rs 16,000 crore; it's Rs 1,100 crore for Air India Express.

Covid curbs push Airports Authority into loss for first time

Covid curbs push Airports Authority into loss for first time

Rediff.com   19 Sep 2020

To counter the pandemic, air transport was suspended from March 25 till May 24 which rendered zero traffic at AAI airports. Even after resumption of flights, traffic is yet to pick up at airports due to quarantine measures implemented by states and an overall fear of flying.

Threat of demolition still hounds 300,000 Delhi slum-dwellers

Threat of demolition still hounds 300,000 Delhi slum-dwellers

Rediff.com   19 Sep 2020

'The people, media and politicians are ready to listen to the troubles of Kangana Ranaut, but we are unwanted lives in the heart of Delhi.' Shine Jacob reports.

Railways to allow private players for bullet train projects

Railways to allow private players for bullet train projects

Rediff.com   18 Sep 2020

The projects - Delhi-Varanasi, Mumbai-Nagpur, Delhi-Ahmedabad, Chennai-Mysore, Delhi-Amritsar, Mumbai-Hyderabad, and Varanasi-Howrah - are expected to cost around Rs 10 trillion.

Prayagraj to house Indian Railways' ambitious freight programme

Prayagraj to house Indian Railways' ambitious freight programme

Rediff.com   15 Sep 2020

Built by the French railway technology company Alstom, it will host a 90-metre-long digital wall for train operation, said to be the second largest in Asia.

Auto dealers sceptical about signs of recovery

Auto dealers sceptical about signs of recovery

Rediff.com   10 Sep 2020

Dealers say the significant increase in sales was driven by a need to plug the diminishing inventory as most dealerships were transitioning from BS-IV to BS-VI when the Covid-19 lockdown was announced.

BPCL privatisation move make workers jittery

BPCL privatisation move make workers jittery

Rediff.com   8 Sep 2020

Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements.

Railway Board restructuring gets green flag

Railway Board restructuring gets green flag

Rediff.com   4 Sep 2020

The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.

Adani's ambitious plans for Mumbai airport

Adani's ambitious plans for Mumbai airport

Rediff.com   3 Sep 2020

Adani said he expected the number of flyers in the country to grow five-fold, which means India would require 200 additional airports to handle over 1 billion domestic and international passengers across the tier-1, -2 and -3 cities.

Railways seeks private fund to develop Mumbai's CST station

Railways seeks private fund to develop Mumbai's CST station

Rediff.com   26 Aug 2020

The estimated cost of the project is around Rs 1,642 crore.

Gains in rail, traffic data signal revival

Gains in rail, traffic data signal revival

Rediff.com   18 Aug 2020

Rail

Govt to rope in ex-IAF officers to probe Kozhikode crash

Govt to rope in ex-IAF officers to probe Kozhikode crash

Rediff.com   11 Aug 2020

Along with IAF officials, the AAIB will also reach out to experienced private sector executives, meteorologists, and aviation psychologists to be part of the probe.

Automakers let go of contractual workers as slowdown bites

Automakers let go of contractual workers as slowdown bites

Rediff.com   8 Aug 2020

Availability of jobs at India's auto companies has shrunk significantly over the last two years, as the industry goes through one of its worst slowdowns. More than 60 per cent of the total workforce fell by 24 per cent in 2019-20, against 2017-18.

A glimpse of how exactly the economy is faring

A glimpse of how exactly the economy is faring

Rediff.com   4 Aug 2020

Many weekly indicators turn positive as economy prepares for Unlock 3.0.

After 167 years, Railways to overhaul its signalling system

After 167 years, Railways to overhaul its signalling system

Rediff.com   1 Aug 2020

The Indian Railways is replacing its outdated signalling system with the latest automated train protection technologies - European Train Control System and Train Collision Avoidance System.