Railways in existential crisis but no stock market route: Suresh Prabhu

Last Updated: Sunday, April 26, 2015, 15:18

"Railways lost traffic to road. It is because you make investment three to four times higher in road than railways. You have systematically ignored rail favouring road. Now it has become an existential crisis for railways.

'Govt plans to sell road projects worth Rs 1L cr to foreign funds'

Last Updated: Wednesday, April 22, 2015, 16:16

The government plans to sell highways projects worth Rs 1 lakh crore to foreign pension and insurance funds to attract overseas investments into the sector, Union Minister Nitin Gadkari said on Wednesday.

Federal agents stole Bitcoin in Silk Road probe: US

Last Updated: Monday, March 30, 2015, 23:54

Two undercover federal agents in the investigation of Bitcoin market Silk Road extorted and stole hundreds of thousands of dollars worth of the virtual currency for themselves, the US said Monday.

SBI set to buy residential properties of Air India in Mumbai

Last Updated: Monday, March 30, 2015, 11:18

Country's largest lender State Bank of India has received all necessary approvals to buy residential properties of cash-starved national carrier, Air India, in south Mumbai for Rs 90 crore.

ADB to give $300 million loan to India

Last Updated: Thursday, March 26, 2015, 20:05

The Asian Development Bank (ADB) will extend a loan of USD 300 million to India for improving road connectivity and increasing the domestic and regional trade along the North Bengal-North Eastern Region (NER).

EU says 2014 `very bad year` for road death cut goal

Last Updated: Tuesday, March 24, 2015, 19:14

The EU`s transport chief warned Tuesday that 2014 had been a major setback for the bloc`s goal to halve the number of road deaths, with nearly 26,000 people dying last year.

Land delays hit road projects; 31,000 hectares acquired in 3 years

Last Updated: Thursday, March 19, 2015, 18:30

Delays in acquisition of land for construction of highways has hit projects even as government has acquired over 31,000 hectares for building roads in the last three years, Parliament was informed Thursday.

IRB Infra ties up finance of Rs 1,756 cr to fund road project

Last Updated: Tuesday, March 17, 2015, 17:49

IRB Infrastructure Developers on Tuesday said it has tied up finances of Rs 1,756 crore to fund a project with a total cost of Rs 3,177 crore.

USD 40 billion Silk Road fund no 'aid agency', says China

Last Updated: Thursday, March 12, 2015, 17:06

China today said its USD 40 billion Silk Road fund which will start investments soon is not an "aid agency" and will only finance projects with "reasonable returns", playing down expectations especially among small countries looking to obtain cheap funding for their ventures.

Govt plans to build 30 kms a day roads in two years: Gadkari

Last Updated: Monday, March 9, 2015, 15:43

"We want to build 30 kms of road in the next two years," Road Transport and Highways Minister Nitin Gadkari said while replying to a question during Question Hour.

Road construction delayed due to land acquisition issues

Last Updated: Monday, March 2, 2015, 16:06

Road construction in the country could meet only about half of the target set for the current fiscal at 6,300 km till January this year, owing to various factors including land acquisition issues, Parliament was informed today.

Duty rejig on petrol, diesel to give Rs 40K cr for road projs

Last Updated: Saturday, February 28, 2015, 22:39

Finance Minister Arun Jaitley Saturday rejigged excise duty on petrol and diesel to make available an additional Rs 40,000 crore for road and highway development.