GNFC expects Dahej DCP project to be completed by December 2018

Leading fertiliser player Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) expects its 2 lakh mtpa di-calcium phosphate (DCP) project at Dahej to be completed by December 2018, according to its annual report.

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via GNFC expects Dahej DCP project to be completed by December 2018

Otis to manufacture escalators in India from next year

MUMBAI: US-headquartered Otis will start manufacturing escalators in India from next year as it expects demand to rise due to rapid urbanisation and modernisation of railway stations, a top company official said. "We will start manufacturing escalators next year.

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via Otis to manufacture escalators in India from next year

CIL to invest Rs 15,000 cr in FY18 for capex, other projects

NEW DELHI: The world's largest coal miner, CIL, is lining up nearly Rs 8,500 crore as capital expenditure and Rs 6,500 crore for various other projects in the ongoing fiscal. The projects include a supercritical thermal power plant, solar energy and coal gasification.

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via CIL to invest Rs 15,000 cr in FY18 for capex, other projects

Travis Kalanick's board appointments widen divisions in Uber

SAN FRANCISCO: The divisions between Uber and its former chief executive, Travis Kalanick, are widening. For the past few weeks, Kalanick, who had resigned as chief executive in June, kept a low profile.

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via Travis Kalanick's board appointments widen divisions in Uber

MobiKwik glitch: Cops track those who transferred funds

GURUGRAM: A day after city-based digital wallet firm MobiKwik lost over Rs 19 crore owing to a technical glitch apparently in its own online payment system, the cyber crime unit, which is probing the case, has started raiding locations of people who have been deemed as offenders.

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via MobiKwik glitch: Cops track those who transferred funds

PNC Infra bags Rs 2,159 crore highway contract in Uttar Pradesh

NEW DELHI: PNC Infratech today said it has bagged Rs 2,159 crore contract for six-laning a highway stretch in Uttar Pradesh. The price bids were opened yesterday with PNC's bid being the lowest (L1), the company said in a BSE filing.

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via PNC Infra bags Rs 2,159 crore highway contract in Uttar Pradesh

Small reliefs are welcome Vajpayee style long-term decisions are needed: Rajan Mathews, DG, COAI

Talking to ET Now, Rajan Mathews, DG, COAI, says systematic financial issues of the industry need to be addressed as otherwise the government also continues to lose money. Edited excerpts:

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via Small reliefs are welcome Vajpayee style long-term decisions are needed: Rajan Mathews, DG, COAI