The National Highway Authority of India (NHAI) is planning to reduce its debt by half by year 2030 and also projecting revenue surplus by 2028. NHAI debt is currently rated AAA by rating agencies.

IRCTC listed with nearly 100 percent gains over the issue price. The IPO of government-owned railways catering company has received a strong response from the market.

Higher input costs and global slowdown adversely hit the business of state operated Steel Authority of India (SAIL) for the third quarter of current financial year.

The steel giant registered 56.4% decline in net profit for the quarter ended December 31, 2008 leading to a setback for its expansion plans amid recessionary waves across the world.

BSNL landline phone service would offer a rent rebate to Pune customers whose phones had been dead or faulty for 15 days at a stretch during April 2007 to July 2008.

The Bharat Sanchar Nigam Limited (BSNL) has issued an interim circular to give a “rent rebate” to 22,700 customers whose telephones had gone dead for three or more days in a row. The telephones went dead due to technical faults, and occurred intermittently over a 14-month period.

MMTC has decided to hold investment plans in a special purpose vehicle created by Maytas group for setting up a Special Economic Zone (SEZ).

Experts believe that that recent auditing fraud by Satyam chief R. Raju is a major cause to roll back from investment plans in SEZ. Maytas Infra Ltd and Maytas Properties are controlled by the sons of Satyam Computer Services Ltd founder, B Ramalinga Raju and their role in the corporate fraud is still not clear.

The executive officers of all public sector oil companies have decided to defer the indefinite strike by one week. Strike was called by their union demanding early disposal of higher wage issue by Union Government. The matter of high wages is pending before the government since January, 2007.

High wages have been recommended by Justice Rao Committee and a Committee of Secretaries has approved it for employees of all public sector units. But the union cabinet has failed to take any decision so far, forcing 50,000 officers in 14 oil PSUs to take extreme step.