IOC, BPCL, HPCL directed to supply subsidized diesel to state transport corporations

The Kerala High Court has also directed oil distribution companies like Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation to supply diesel to the Kerala State Transport Corporation at subsidized rates. The Madras High Court had, yesterday, asked the companies to supply subsidized diesel to the local transport corporation. KSRTC is currently getting […]

Townships in Delhi-Mumbai Industrial Corridor (DMIC) to be complete by 2018

The government has given more details of the ambitious Delhi-Mumbai Industrial Corridor or DMIC, and the first phase will be complete by 2018, it said. The DMIC is India’s attempt to catch up with China in industrial development, especially manufacturing. The seven built-from-scratch are being developed with the co-operation and investment of global giants like […]

Visa introduces readymade mobile money solution for mobile operators and banks

Global payments company Visa Inc has tied up with India’s ICICI Bank to introduce a ready-made ‘mobile money’ solution targeting mobile operators, smaller banks etc.. The solution, which will enable smaller banks and operators compete with the likes of ‘Airtel Mobile Money’ and Oxicash, has got its anchor tenant in the form of Maxis-owned Aircel […]