A battle is brewing in the families which run the Jagran group of newspapers. The group's flagship brand, Dainik Jagran, is the country's largest circulated newspaper.
In the Railway Budget presented on February 24, the Railways had revised downwards the revenue excess estimate by nearly 65 per cent to Rs 951 crore from the earlier projection of Rs 2,642 crore.
The development of the industrial corridor will bring about a revolution in the use of green technologies.
Tusk Investment, Mauritius, a wholly owned subsidiary of private equity firm Elephant Capital, has sought approval from the Foreign Investment Promotion Board (FIPB) to acquire a 30 per cent stake in Amar Chitra Katha Pvt Ltd (ACK).
Seventeen coaches will be splashed with the images of Nifty, NSE's flagship index. Inside, important investor awareness messages will be given on panels, with the message being 'invest carefully'.
India Inc has been quick to spot the value-for-money brand promotion opportunity on radio.
Indian Railways' ambitious project of developing Dedicated Freight Corridors, conceived to change the face of its freight traffic business, is set to suffer inordinate delays due to troubles in land acquisition and various other issues.
Indian Railway Catering and Tourism Corporation is set to face a decline of Rs 300 million ( Rs 30 crore) in revenues from sale of online rail tickets in the coming financial year as a result of the reduction in service charge announced in the Rail Budget last month.
Ten days into the show, the country's most hyped sporting extravaganza, the Indian Premier League cricket tournament's third season , continues to clock record television viewership numbers.
The number of passengers in the suburban sector rose 1.48 per cent to 3,210.93 million between April 2009 and January 2010, from 3,164.05 million in the year-ago period. However, earnings rose around 2.5 per cent to Rs 1,441.72 crore (Rs 14.41 billion) from Rs 1,406.73 crore (Rs 14.06 billion).
The railway ministry is planning to launch 15 more Duronto Expresses in the coming budget, as the end-to-end non-stop train has caught the fancy of passengers.
It may come as a surprise to many, but Indian Railways under Mamata Banerjee has witnessed a marked improvement in its safety performance than what was recorded during the tenure of her predecessor, Lalu Prasad.
With the Indian Railways registering better-than-expected growth in traffic operations this financial year on the back of a revival in the economy, its gross domestic product (GDP) is expected to cross the 9 per cent mark by the end of this financial year. This could lead to a rise in the freight rates of some commodities, say officials in the ministry.
Under the plan being worked out, the labour component of the railway projects, which include the expansion of train lines or conversion of line gauge, would be funded from NREGS, as most of these projects require a large labour force and generate employment opportunities in rural areas.
The recommendations forwarded by the consultant will be put up for discussions among trade bodies and port authorities.
Among the proposals considered today includes a project to construct a railway link between Rohanpur and Singhabad to facilitate transit traffic from Bangladesh to Nepal through India. Railway ministry sources indicated that the ministry had no objections to opening the additional transit route to Bangladesh.
Overall, the railways intend to build 66 MFCs at a cost of Rs 8 crore (Rs 80 million) each. MFCs would provide rail users with facilities like shopping, food stalls and restaurants, book stalls, telephone booths, medicine and variety stores, budget hotels and underground parking.
Contrary to expectations, the revised fare structure under the 'Tatkal' scheme of the railways has given a boost to the ticketing earnings of the railways.
A senior official at the ministry said: "Our revenue earnings have been better than the 7 per cent growth we had estimated. Revenue from freight traffic has registered a strong growth rate. If the trend persists, we are likely to earn more than the revenues estimated earlier this year."
An official spokesperson of Oerlikon Graziano said, "In the domestic market in India, we have good order position, while in Europe and the US, due to the overall recession, things are a little slower. The Graziano management has taken a decision to grow its business in the Indian market."
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