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Hyderabad: Hyderabad Metro Rail project has escalated by Rs.2,500 crore to Rs.3,000 crore, said L&T Metro Rail Hyderabad Limited (LTMRHL), the developer of the elevated metro project in public private partnership. LTMRHL chief executive and managing director V. B. Gadgil told reporters here Tuesday that the project is in a "very very precarious mode". He attributed the cost overrun to high inflation ...
Mumbai: A sudden power crisis gripped India's commercial capital Tuesday with several areas facing power blackouts and load-shedding as a key power generating station developed problems. Normal power supply was only likely to be restored by late night. The erratic supply was on account of tripping of Tata Power's 500 MW Trombay Power Station Unit No.5 at around 9.45 a.m. on account of a technical ...
Gold fell to its lowest in 2-1/2 months on Tuesday, breaking through key support at its August lows as stock markets rose and the dollar hit a one-year high against the euro ahead of a European Central Bank meeting this week.The metal has been underpinned by worries over the stand-off between Russia and the West over Ukraine and persistent unrest in the Middle East, but strength in stocks and the dollar, ...
Mumbai: Indian gold imports and premiums are likely to surge during the rest of the year as buying picks up for the wedding and festival season, the head of the country's biggest gold refiner said on Tuesday. Premiums could jump to $10-$12 an ounce over the global benchmark from the current levels of $4-$5, said MMTC-PAMP Managing Director Rajesh Khosla. Imports could climb to 60-70 tonnes per ...
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