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India less vulnerable to external shocks

NEW DELHI: Indian economy is less vulnerable to external shocks as it is mainly driven by household consumption and government spending, and not dependent on hot money which can move out quickly, Standard & Poor’s Rating Services said on Tuesday. The US-based rating agency expects the current account...
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Alstom delivers ‘Made in India’ coaches to Kochi Metro

Alstom, the French transportation equipment maker, rolled out the first set of railway coaches for the Kochi Metro project from its facility at Sri City in Andhra Pradesh. The three indigenously-designed and manufactured coaches were flagged off by Union Minister for Urban Development and Parliamentary Affairs, M. Venkaiah...
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Power utilities owe Rs 8,279 crore to Coal India

An NTPC official said that it has not received any communication in this regard. NEW DELHI: Power generation utilities including country’s largest power producer NTPC and Damodar Valley Corporation (DVC) owed about Rs 8,279.19 crore to state-owned Coal India, as on November 30. “Power generation companies, like NTPC...
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Coal India produces 9 percent more in FY 2015

Coal India Limited (CIL). NEW DELHI: State-run Coal India Limited (CIL) produced 9 percent more coal in the current fiscal than in 2014, the government said on Saturday. In a tweet, coal secretary Anil Swaroop said: “Coal production by Coal India crosses nine percent over last year’s record...
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India gets oil deals as Russia opens doors

NEW DELHI: India returned to Russia after six years for a bouquet of oil deals, potentially worth $2-3 billion, as Moscow actively seeks partners for meeting capital needs of new fields, amid low crude prices and western sanctions. On Thursday , Rosneft, the world’s largest publicly-traded oil company...
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Nations cut taxes to help oil firms, India stays put

The vertiginous fall in crude oil prices has forced many countries to cut taxes and levies on hydrocarbon production and exports, but India’s stiff imposts have only turned more onerous for explorers here. As gathered by consultancy firm Wood Mackenzie, countries like the UK, US, Colombia, Australia, Russia,...
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