T E Narasimhan, Gireesh Babu &Amp;Amp; Shine Jacob

Stories by T E Narasimhan, Gireesh Babu &Amp;Amp; Shine Jacob

Delhi-Alwar rapid rail: India in talks for $3 bn funding

Delhi-Alwar rapid rail: India in talks for $3 bn funding

Rediff.com   7 Oct 2020

The project will be in three stages and sources indicate that the funding will be for the first stage of 107 kilometre from Sarai Kale Khan to SNB Urban Complex.

PE/VC investments in pharma cos cross $1 bn mark

PE/VC investments in pharma cos cross $1 bn mark

Rediff.com   6 Oct 2020

Fund managers said investors remained positive on the pharma manufacturing activity in India, which further strengthened during the Covid-19 period, on account of restrictions imposed on pharma imports from China.

Newbies dream to become oil barons in limbo

Newbies dream to become oil barons in limbo

Rediff.com   3 Oct 2020

22 companies won bids for the 31 contracts on offer; 15 were new entrants to the oil and gas business. Three years on, none of them have started production.

Indian Railways back on track, stems fall in freight traffic

Indian Railways back on track, stems fall in freight traffic

Rediff.com   2 Oct 2020

Revenue from freight operations also increased by 14 per cent to Rs 9,903 crore in September.

After LVB, Dhanlaxmi Bank shareholders oust CEO Sunil Gurbaxani

After LVB, Dhanlaxmi Bank shareholders oust CEO Sunil Gurbaxani

Rediff.com   2 Oct 2020

While Dhanlaxmi Bank faces governance issues similar to those in Lakshmi Vilas Bank, the financial profile of the Kerala-based bank is better.

Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

Bharat Petroleum likely to sell 7.3% treasury stock in bulk deal

Rediff.com   29 Sep 2020

Going by the current market cap of Rs 83,451.15 crore, 7.33 per cent stake in BPCL is expected to be valued around Rs 6,117 crore.

US continues to be biggest source of VC investment in India

US continues to be biggest source of VC investment in India

Rediff.com   25 Sep 2020

Nearly half of the investments by various US-based investors have been made in Reliance subsidiary Jio.

L&T, 2 mega consortia in race for India's first bullet train project

L&T, 2 mega consortia in race for India's first bullet train project

Rediff.com   24 Sep 2020

The first consortium includes Afcons Infrastructure, IRCON International and JMC Projects, while the second group of companies include NCC, Tata Projects and J. Kumar Infra Projects.

Adani, GMR among 20 firms keen on rebuilding New Delhi railway station

Adani, GMR among 20 firms keen on rebuilding New Delhi railway station

Rediff.com   23 Sep 2020

The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.

Threat of demolition still hounds 300,000 Delhi slum-dwellers

Threat of demolition still hounds 300,000 Delhi slum-dwellers

Rediff.com   19 Sep 2020

'The people, media and politicians are ready to listen to the troubles of Kangana Ranaut, but we are unwanted lives in the heart of Delhi.' Shine Jacob reports.

Railways to allow private players for bullet train projects

Railways to allow private players for bullet train projects

Rediff.com   18 Sep 2020

The projects - Delhi-Varanasi, Mumbai-Nagpur, Delhi-Ahmedabad, Chennai-Mysore, Delhi-Amritsar, Mumbai-Hyderabad, and Varanasi-Howrah - are expected to cost around Rs 10 trillion.

VC investments from China down by 66% in 2020

VC investments from China down by 66% in 2020

Rediff.com   18 Sep 2020

The drop was the result of the change in FDI rules, which was amplified by the border standoff between India and China.

Ready-made garment exports are on a road to revival

Ready-made garment exports are on a road to revival

Rediff.com   17 Sep 2020

Recovery was largely driven by the European Union markets.

Investors are betting big on India's education sector

Investors are betting big on India's education sector

Rediff.com   15 Sep 2020

The pandemic has confined students across all ages to home and digital education is the only way to continue learning.

Prayagraj to house Indian Railways' ambitious freight programme

Prayagraj to house Indian Railways' ambitious freight programme

Rediff.com   15 Sep 2020

Built by the French railway technology company Alstom, it will host a 90-metre-long digital wall for train operation, said to be the second largest in Asia.

While Hero MotoCorp, TVS gain mkt share, Honda, Bajaj slip

While Hero MotoCorp, TVS gain mkt share, Honda, Bajaj slip

Rediff.com   11 Sep 2020

As macroeconomic numbers continue to disappoint, reaching pre-Covid level is unlikely in FY21.

This Navratna company to invest Rs 43,000 crore in power, mining projects

This Navratna company to invest Rs 43,000 crore in power, mining projects

Rediff.com   9 Sep 2020

The company signed a JV agreement with Coal India to set up 5000 Mw of solar and thermal projects. These projects are expected to commence between 2023 and 2027.

BPCL privatisation move make workers jittery

BPCL privatisation move make workers jittery

Rediff.com   8 Sep 2020

Older workers are headed for the VRS exit in larger-than-expected numbers even as unrest stirs over unrevised wage settlements.

Railway Board restructuring gets green flag

Railway Board restructuring gets green flag

Rediff.com   4 Sep 2020

The board will now be headed by Vinod Kumar Yadav as chairman and CEO, and it will have four other members.

Tractor sales remain strong in August

Tractor sales remain strong in August

Rediff.com   2 Sep 2020

Increase in kharif sowing area, good monsoon, rural cash flows and base effect among factors that have driven volumes.