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SECTOR | 14 Nov 2025

Anil Ambani offers to appear via 'virtual means' before ED in Fema case

Business Standard

Reliance Group chairman Anil Ambani has offered to appear before the Enforcement Directorate through "virtual means" following summons issued to him under the FEMA for Friday. A statement issued by a spokesperson of the 66-year-old businessman said he has written to the federal probe agency assuring "fully cooperation" in the probe being conducted under the Foreign Exchange Management Act (FEMA). The agency, according to sources, had asked Ambani to appear in person on Friday and get recorded his statement under the FEMA. The investigation pertains to the Jaipur-Reengus Highway Project where the ED suspects that funds worth about Rs 100 crore were sent abroad via the hawala route. The ED has recorded the statement of various persons, including some alleged hawala dealers, following which they decided to summon Ambani, the sources said. Hawala denotes illegal movement of funds, largely in cash. The businessman has once been questioned by the ED in a money laundering case linked to

Transportation

SECTOR | 13 Nov 2025

India, Nepal Sign Agreement For Rail Connectivity For Bulk Cargo Transport

NDTV Profit

This is so that cargo can be moved from Kolkata and Visakhapatnam's ports to the Nepal Customs Yard cargo station situated in Morang District, near Biratnagar.

Transportation

SECTOR | 12 Nov 2025

Railway board orders police check of on-board staff after armyman murder

Business Standard

The Railway Board has directed all the zones to ensure comprehensive police verification of all the on board attendants and staff after a recent incident in which a coach attendant allegedly stabbed an Army jawan to death following an argument over bedsheet. The incident took place on November 4 on board the Jammu Tawi-Sabarmati Express when it was passing through the Bikaner division of North Western Railway zone. In view of the recent incident on one of the trains, it has become even more necessary and emergent to ensure that comprehensive police verification of all on board contractual staff is completed and updated immediately on the CMM (Coaching Maintenance Management) portal, the Railway Board said in a letter addressed to the general managers of all the 18 zones. "Zonal railways should check status, identify pending cases, and expedite completion of verification process to ensure adherence to security protocols, it added. According to the Board, to consistently deliver on .

Railway Recruitment Board NTPC 2025 Notification For 5,810 Graduate Posts: Online Applications Open

NDTV Profit | 12 Nov 2025

Transportation

SECTOR | 12 Nov 2025

Jupiter Wagons Eyes Rs 8,000 Crore Revenue By FY28: MD Vivek Lohia

NDTV Profit

The company's order book remains robust, with strong private-sector demand and anticipation of fresh tenders from Indian Railways.

Transportation

SECTOR | 12 Nov 2025

Sanjay Swarup on Competing with Private Freight Players and Future Growth Plans

NDTV Profit

In a studio interview with NDTV Profit, Sanjay Swarup, Chairman and Managing Director, Container Corporation of India, spoke about strategies to compete with private freight players, long-term guidance on EBITDA margin trajectory, and operational efficiencies from CAPEX completion

Transportation

SECTOR | 11 Nov 2025

Delhi blast: Red Fort metro station to remain close on Wednesday as well

Business Standard

The Lal Quila Metro Station will remain closed on Wednesday as a precautionary measure following the high-intensity blast near the Red Fort on Monday. The Delhi Metro Rail Corporation (DMRC), in a post on X, said, "Due to security reasons, the Lal Quila Metro Station shall continue to remain closed on November 12. All other stations are functional as normal." The metro station remained shut for commuters on Tuesday as well, following Monday evening's explosion near the Red Fort that killed at least 12 people and left 20 others injured. Bearing the effect of the tragic incident and traffic restrictions in the vicinity, the nearby markets wore a deserted look with shopkeepers expressing concern over the loss of business. Bachoo Choudhury, a shopkeeper in Lajpat Rai Market, said, "We work for two months--one day of work is equal to one month's worth." "We have enough stock to last two months. The rest of the year, we sit idle as there isn't much work. How will tourists come now? Our

Central Railway's New GM Vijay Kumar Passes Away

NDTV Profit | 11 Nov 2025 3 more

Transportation

SECTOR | 11 Nov 2025

Red Fort blast: Rail minister says vigil strengthened at major railway stations

Business Line

A high-intensity explosion ripped through a slow-moving car at a traffic signal near the Red Fort metro station, leaving nine people dead. Twenty people were also injured in the blast that gutted several vehicles.

Security tightened at major railway stations after Delhi blast: Vaishnaw

Business Standard | 11 Nov 2025 2 more

Transportation

SECTOR | 10 Nov 2025

Highway Infra Q2 reuslts: PAT rises to 9.7 cr, eyes 200 cr EPC projects

Business Standard

Highway Infrastructure Ltd, which has reported a multi-fold rise in the September quarter net profit to Rs 9.7 crore, expects to execute Rs 150-200 crore worth of EPC projects and is actively bidding for new projects of around Rs 250 crore, a top company official said on Monday. The company plans to execute Rs 150Rs 200 crore worth of EPC projects over the next two years and is actively bidding for new projects worth approximately Rs. 250 crores, Arun Kumar Jain, Managing Director, Highway Infrastructure Ltd said. The September quarter witnessed a robust influx of new orders, including the expansion of toll operations with projects at Kiratpur and Muzaina Fee Plazas in Uttar Pradesh, a Greenfield Expressway in Rajasthan, and Chotiya Fee Plaza in Chhattisgarh, Jain said. The company achieved its highest-ever order book of Rs 775 crore, which provides strong revenue visibility, Jain said. The infrastructure development and management company, which has a presence in tollway collectio

Transportation

SECTOR | 10 Nov 2025

Phalodi accident case: SC seeks response from NHAI, Road Transport ministry

Business Standard

The Supreme Court on Monday sought responses from the National Highways Authority of India and the Ministry of Road Transport and Highways in a suo motu case in connection with an accident in Rajasthan's Phalodi area that claimed 15 lives. A bench of Justices J K Maheshwari and Vijay Bishnoi issued notice to the National Highways Authority of India (NHAI) and the ministry, seeking their replies in two weeks on the cause of the accident. It also asked them to conduct a survey of the area and file a report on the number of dhabas on the highway passing through Phalodi. The bench also sought a specific report on the condition of the highway and the norms followed by the road contractor for road maintenance in Phalodi. The top court recently took suo motu cognisance of the November 2 road accident in Phalodi, in which 10 women and four children died when a tempo traveller rammed into a stationary trailer truck. The incident occurred near Matoda village on the Bharat Mala Highway when

Transportation

SECTOR | 09 Nov 2025

Andhra govt to float tenders worth 1,000 cr for road development

Business Standard

Andhra Pradesh Roads and Buildings Minister B C Janardhan Reddy on Sunday said tenders for road development works worth over Rs 1,000 crore will be invited soon. He said the NDA coalition government has already taken up road repair works worth Rs 2,500 crore since coming to power, as part of its mission to make Andhra Pradesh pothole-free and ensure smooth travel for the public. Tenders for road development works worth over Rs 1,000 crore will be called shortly as part of our mission to make Andhra Pradesh a pothole-free state, Reddy said in a press release. The minister said that within five months of assuming office, the TDP-led NDA government had sanctioned major road repair and maintenance projects to restore road infrastructure across the state. Reddy alleged that the previous YSRCP government had neglected road maintenance between 2019 and 2024, leaving thousands of kilometres of roads in "poor condition". He added that the government was exploring the Public-Private Partner