[ad_1] NEW DELHI: NHAI has pre-paid loans of Rs 56,000 crore during the current fiscal year and is looking to further reduce its debt burden by March. Around Rs 40,000 crore has come from budgetary allocation as the overall capex is lower this year due to award of fewer contracts and approval of lesser new…
[ad_1] MUMBAI: The rupee closed at a record low of 85.77 against the dollar on Friday, marking its ninth consecutive week of losses. The decline is attributed to the drop in the Chinese yuan, which weakened past the 7.3 mark, as well as the dollar’s rise.The rupee hit its lowest intraday level at 85.80, before…
[ad_1] NEW DELHI: Electric vehicle (EV) industry has “unanimously” agreed they won’t need subsidies once existing subsidy regime ends. “All sections” of the EV industry conveyed this to commerce minister Piyush Goyal in a meeting on Friday. The minister also said India is looking forward to strengthening economic relationship with the US under Trump presidency…
[ad_1] The US transportation department has imposed a $2 million penalty on JetBlue Airways for persistent delays on its east coast routes. Half of the fine would be distributed as compensation to affected passengers. This marks the first instance of an airline being fined for chronic delays on specific routes, which the department attributed to…
[ad_1] NEW DELHI: The Reserve Bank of India (RBI) is expected to lower policy rates by 50 basis points (bps) in the first half of 2025, according to a report by Jefferies. This follows the central bank’s recent shift towards eased liquidity, and a 50 bps reduction in the cash reserve ratio (CRR) during the…
[ad_1] UCO Bank has announced stronger annual growth for the quarter ending December 2024, with the lender’s total business rising by 12.18 per cent to Rs 4.88 lakh crore.Provisional figures submitted to the stock exchanges reveal a significant 16.20 per cent increase in total advances, which reached Rs 2.08 lakh crore. This growth was primarily…
[ad_1] NEW DELHI: India’s foreign exchange reserves declined by $4.112 billion to $640.279 billion for the week ending December 27,according to the Reserve Bank of India (RBI) on Friday.This follows a previous decline of $8.478 billion, bringing the total to $644.391 billion, in last week ending on December 20.Recent weeks have shown a consistent decrease…
[ad_1] Recent trials of the Vande Bharat sleeper train have demonstrated its capability to reach 180 kilometres per hour. Vande Bharat sleeper hits 180 kmph in trials! Railway Minister Ashwini Vaishnaw has shared a video of the Vande Bharat sleeper train trials which shows the train hitting a peak speed of 180 kmph during its…
[ad_1] Indian Railways officials also confirmed that 54,337 TKM of tracks can accommodate speeds up to 110 kmph. Faster train travel! Indian Railways officials have said that over one-fifth of India’s railway tracks now support train speeds up to 130 kmph, achieved through enhanced safety measures including fencing and modern signalling systems.“Around 23,000 track kilometres…
[ad_1] Bank Holidays: RBI issues a comprehensive state and region-specific holiday calendar annually. Bank holidays January 2025: Banks across India observe closures during national and regional holidays, with variations by state. While many bank customers prefer conducting banking activities on Saturdays, it is important to note that banks remain closed on second and fourth Saturdays,…
