Transportation

Realignment of gas pricing to provide relief to transportation sector: Siam

Realignment of the gas pricing mechanism by insulating the consumers from the spikes in global prices will soften prices and will provide much needed relief to the transportation sector, SIAM President Vinod Aggarwal said on Friday. In a statement, he noted that the measure will also help in re-igniting interest in CNG vehicles in India and would go a long way in promoting a clean alternative fuel in various parts of the country. "Incentivising greater production of natural gas will result in reduction in import dependence of conventional fuels, thereby enabling expansion of CNG infrastructure across the country and facilitating wider availability of CNG for vehicles," Aggarwal stated. The Union Cabinet on April 6, approved a revision in the formula for pricing of natural gas and imposed a cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent. Natural gas produced from legacy or old fields, known as APM gas, will now be indexed to the price of impor

TMS Ep352: HUL Q3 results, China's population woes, markets, RRTS

What do HUL results tell us about India's rural economy? What can India learn from China's population woes? How are markets placed ahead of the Budget 2023? What is the RRTS? All answers here

Northeast getting transformed through mega transportation projects: Himanta

Assam Chief Minister Himanta Biswa Sarma on Friday said that Northeast is witnessing "transformation through transportation" and mega projects regularly inaugurated in the region bear testimony to it. He said that had development work in the Northeast taken place at the current pace since Independence, the region would have already been on the growth trajectory. Sarma was speaking at a programme at Pandu terminal in Guwahati, which was attended virtually by Prime Minister Narendra Modi from New Delhi. During the function, Modi inaugurated a Maritime Skill Development Centre in Guwahati, which will offer better job opportunities to local youths. He also laid the foundation stone for a ship-repairing facility in Guwahati, which will serve as an alternative to a similar facility in Kolkata, saving fuel and manpower costs for vessel owners and boosting local ancillary industries, besides generating employment. The foundation stone for an elevated road connecting Pandu terminal to Nati

Gadkari bats for decarbonising transport sector, push for ethanol economy

India needs to "decarbonise" its transport sector quickly as the country has the potential to be a global torch-bearer in bio-fuels, Union Minister Nitin Gadkari said on Sunday. Speaking virtually at the Sugar and Ethanol Conference organised here by Chini Mandi, he said 80 per cent of the energy requirement of the Indian transport sector was being fulfilled through import of fossil fuels like petrol, diesel etc, which was costing the country more than Rs 16 lakh crore annually. "This is an economic and environment problem. The transport sector also accounts for 90 per cent carbon emissions. There is immediate need to decarbonise the transport sector. The Union government is pursuing bio-fuels and compressed bio gas on mission mode to replace these imports in a cost effective, pollution free way," he said. "The government is encouraging policy frameworks for production of bio fuels and creation of a sustainable ecosystem around it. The Centre is giving a huge push to ethanol as fuel

Operations to be partially curtailed on Delhi Metro's Blue Line on Sunday

Delhi Metro operations on a section of the busy Busy Line will be partially curtailed in the initial few hours on December 11 due to a planned maintenance work, officials said on Saturday. The affected segment will be between Ramesh Nagar and Kirti Nagar metro stations. "To undertake the scheduled track maintenance work between Moti Nagar and Kirti Nagar on the Blue Line i.e., Line-3/4 (Dwarka Sec-21 to Noida Electronic City / Vaishali), train services on the morning of December 11 (Sunday) will be regulated," the Delhi Metro Rail Corporation (DMRC) said in a statement. Train services will be suspended from Ramesh Nagar to Kirti Nagar section from the start of revenue services till 7 AM. Hence, Moti Nagar metro station will be closed till resumption of train services on the section, it said. In the rest of the sections of the Blue Line Line i.e, from Dwarka Sec-21/Dwarka to Ramesh Nagar and Kirti Nagar to Noida Electronic City/Vaishali, train services will continue to remain availa

TCS secures contract to develop UK's rail data marketplace

The digital marketplace will bring together fragmented sources of rail data into one digital service, to accelerate innovation in the transport sector and enhance the passenger experience

Railways eyes Rs 94k cr coal connecting projects as part of Energy Corridor

National transporter targets FY24 to close critical project pipeline

As Uber, Ola continue tussle with state govts, cabbies try different route

Ride-hailing giants Ola and Uber are challenging order by States to ban autorickshaw rides through companies' apps; in the meanwhile alternative government-backed taxi/auto aggregators are coming up

US transport dept fines Air India $1.4 mn for delaying refunds of $121 mn

Refunds were on account of flights cancelled during Covid-19 pandemic; AI among six airlines that collectively forked out $600 mn in refunds and $7.25 mn in penalties

Travelling with pets: How tourism industry is warming up to the idea

P&G India set up Rs 200-cr 'Technovate Fund' to solve business challenges

The firm has also committed to spend more than Rs 1,300 crore in business solutions through its 'vGrow' platform

Flipkart's net loss widens 51% on account of rising transportation costs

Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal

Motorcycle permits now costlier than new, entry-level bikes in Singapore

The cost of a 10-year motorcycle permit in the city-state hit a record S$12,801 ($8,984) this month according to data from the Land Transport Authority

Punjab transport dept sees 45% jump in revenue during 2022-23 fiscal

The Punjab transport department on Monday said its revenue in the first six months of this fiscal is 45 per cent more than that of the corresponding period of the last financial year. In a statement issued here, Transport Minister Laljit Singh Bhullar said the three wings of the department -- State Transport Commissioner, Pepsu Road Transport Corporation and Punjab Roadways -- earned Rs 1,957.64 crore from April to September in this fiscal. This is 45.07 per cent higher than the same period of the previous financial year, he said. Revenue of Rs 1,349.43 crore was collected in the corresponding period of the last fiscal. He said the increase in revenue was witnessed because of the concerted efforts of the Bhagwant Mann government to crackdown against tax evaders and operators plying buses without permits.

India will give 5G the scale, says Qualcomm CEO Cristiano R Amon

Open to sourcing chips from India if suppliers are ready

Explained: INSTC, the transport route that has Russia and India's backing

INSTC is a 7,200 km-long transportation network offering the shortest connectivity route to its member states. It was established on September 12, 2000, by Iran, Russia and India

Unleashing the ropeways

It is noteworthy that the government's vision of 'ropeways as transportation solutions' covers congested urban areas and river-crossings too

Centre asks states to scrap old diesel buses, replace them with EVs

According to a MoRTH estimate, 25 state transport undertakings own 32,062 buses that are over 10 years old

High transportation cost pushes petrol in Maha's Parbhani to Rs 122.67

With fuel prices being hiked multiple times over the last two weeks, the rate of petrol in Parbhani district in Maharashtra reached Rs 122.67 a litre on Tuesday

Welspun Corp to develop guideline for transportation of hydrogen gas

Welspun Corp Ltd on Monday announced joining a global industry project to develop the "world's first guideline" for transportation of hydrogen gas in existing and new offshore pipelines