Indian Railways, the 150-year-old lifeline of India’s transport sector, has been facing growing criticism lately owing to its deteriorating finances. With surplus funds projected to fall at

Travelling to the Maldives might just get a little more exciting with the government now considering starting a sea route facility to the smallest Asian country. The shipping ministry in order to

Chennai-based CavinKare Pvt Ltd, maker of brands such as Chik and Nyle shampoos, may shift its base to Mumbai, to harness the strengths of the city, says chairman & managing director C K

Indian companies raised $2.65 billion through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in May — a rise of $590 million, or 28.6 per cent, over

Air China, which operates on the Delhi and Bangalore routes, is set to expand its services to India with a Beijing-Mumbai flight from September. The airline will be the first among the three

ICICI Bank, India’s largest private sector lender, has lined up an exchange offer for its lower Tier-II bonds, worth $90 million. The bonds were issued by its UK subsidiary in 2006 and are

Real estate developers are increasingly selling land to generate cash. Most of them have huge debt and are facing sluggish sales, even as the cost of construction loans has reached as high as 14