Indian Railway Catering and Tourism Corporation (IRCTC) and Bharat Heavy Electricals (BHEL) are in talks for a partnership to run private trains. According to officials in the know, the two public sector undertakings (PSUs) are planning to form a special purpose vehicle (SPV) to run passenger trains on routes for which IRCTC has put in bids. "BHEL will be putting in the money required for private rail service, while IRCTC is going to focus on operational requirements," an official said. "IRCTC's business model has not been capital expenditure-focussed. It has built only operational enhancements," he added. Bids for public private partnerships (PPPs) in passenger train operations were opened last month.
The Central Bureau of Investigation, probing January 2010 murder of RTI activist Satish Shetty, on Friday conducted searches at the offices of IRB Infrastructure Developers Limited, a company which was recently in news over its links with Bharatiya Janata Party chief Nitin Gadkari.
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The tunnel would provide all-weather connectivity between Srinagar and Leh-Ladakh
Gadkari said the NHAI was working on setting up an InvIT to monetise its projects for mobilising resources through capital markets.
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Housing sector to benefit from Budget.
Firms are still barred from holding board positions in the special purpose vehicle that will develop the airport.
The month also saw Adani Power acquiring the 600-Mw Korba West thermal power plant from the Gautam Thapar-led Avantha group for Rs 4,200 crore (Rs 42 billion).
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Markets ended lower on profit taking ahead of June F&O expiry.
To cover most of the gap, the road ministry plans to raise $7 billion.
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Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Hike in planned public-sector capital expenditure will be credit-positive for infra cos
Markets surged on hopes that the exit polls would show that the BJP winning majority in the general elections.
Investors booked profits at higher levels despite the growth oriented Budget.
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