Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
Major Ruchi Agarwal is commander of the United Nations Female Engagement Team in the conflict-ridden Democratic Republic of Congo.
The ministry of railways has decided to withdraw its decision on sharing of convenience fee earned by IRCTC on online bookings of train tickets, the DIPAM secretary said on Friday.
Of the total trains, 2,875 have terminated, while 401 are in transit. The top five states and union territories from where maximum trains originated are Gujarat (897), Maharashtra (590), Punjab (358), Uttar Pradesh (232) and Delhi (200).
Leonard Barsoton of Kenya and Ethiopia-based Bahraini athlete Desi Jisa set new course records in the men's and women's elite international section en route to winning titles at the Tata Steel Kolkata 25K marathon.
A certain type of TGV, called V150, holds the world record for the highest speed on any national rail system. This record has been in place since April 2007.
On August 15 last year, Prime Minister Narendra Modi announced from the ramparts of the Red Fort that the Indian Railways would launch 75 Vande Bharat Express trains by August 2023. Later, in her 2022 Budget speech, Finance Minister Nirmala Sitharaman announced that 400 Vande Bharat trains will be manufactured in the next three years, which are expected to cost between Rs 40,000 crore and Rs 50,000 crore. Those upbeat announcements come after a series of cancelled tenders, vigilance actions against officials and interdepartmental rivalry that delayed the addition of these iconic trains developed entirely indigenously by the Integral Coach Factory (ICF) in Chennai.
A 'propagandist' newspaper distributed on board the Bangalore-Chennai Shatabdi Express has snowballed into a controversy, drawing political reactions and prompting the Indian Railway Catering and Tourism Corporation (IRCTC) to initiate an enquiry in the matter.
The Indian captain also thanked Prime Minister Narendra Modi for the honour while also thanking BCCI President Sourav Ganguly for recommending her name for the honour.
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit a new high of Rs 4,512 after surging 8 per cent on the BSE in Wednesday's intra-day trade, on the back of heavy volumes, ahead of 1:5 stock split. The trading volumes on the counter more-than-doubled today, with a combined 7.02 million equity shares having changed hands on the NSE and BSE till 11:19 am. In the past one week, the stock of the state-owned travel support services company has rallied 20 per cent after the company on September 29, 2021, said that it has fixed October 29, 2021 as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares of Rs 10 each into five (5) equity shares of face value of Rs 2 each.
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Union Road Transport and Highways Minister Nitin Gadkari on Wednesday pitched for formulating a policy for using the Reserve Bank of India's rising foreign exchange reserves for funding road projects, saying the country needs low cost finance for such infrastructure projects. Addressing a virtual event organised by industry body CII, Gadkari further said that the National Highways Authority of India (NHAI) should also have a financial arm like the power ministry's Power Finance Corporation (PFC). "We have a surplus of dollar reserves in the country. I have decided to talk with the RBI Governor, about how we can formulate a policy by which we can use this foreign exchange reserves for development of infrastructure in the country," he said.
Industry leaders, including Mahindra Group chairman Anand Mahindra, RPG Enterprises chairman Harsh Goenka and Biocon Ltd chairperson Kiran Mazumdar-Shaw on Monday came out in support of the Agnipath scheme, saying it has large potential for employment of youth in the corporate sector. Mahindra also expressed dismay over the violence against the scheme while asserting that the farm equipment to aerospace conglomerate welcomes the opportunity to recruit trained, capable and young people under the programme. The Agnipath scheme, announced on June 14, provides for the recruitment of youths between the age bracket of 17-and-half years to 21 for only four years with a provision to retain 25 per cent of them for 15 more years.
'What we have to think about is, how to improve the efficiency of public sector banks.' 'You have to make decision-making more prudent, and free from government intervention.'
Work on building a pilgrimage facilitation centre and other utilities in Ayodhya's Ram temple complex has started, with 'darshan' of Ram Lalla expected to open in December 2023, according to a senior official of the construction committee.
India cannot ignore the neglect of climate finance by the developed nations, Modi asserted at G20 session
He accused the previous governments of being sluggish on implementing railway projects and said the work of ambitious eastern and western dedicated freight corridors expedited only in the last six-seven years.
The abbreviation of the exams which is the same as the one used for the power producer has been widely used to refer to the controversial test during the reportage on the issue.
Due to onset of the COVID-19 pandemic and the consequent unprecedented lockdown, e-catering services were suspended on March 22, 2020.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
The decision that came soon after the Bharatiya Janata Party's poll victory in four of the five states was taken after a high-level committee submitted its report to the Railway Board.
The Indian Railway Station Development Corporation is now looking to modernise 90 stations across the country.
'All Shatabdis and Rajdhanis should be converted to this type of high-speed train.' 'There should be a sleeper version of the train.' 'Right now, there is only a day version of the train.' 'Unless you develop a sleeper version, it will not be possible to replace the Rajdhani.' 'Work on the sleeper version was stopped for some reason. It should be revived now.'
The proposed 18-day Bharat Gaurav Tourist train tour has its first stop at Ayodhya, the birthplace of Lord Ram, where tourists will visit Shri Ram Janmabhumi temple and Hanuman temple.
Three coaches of the Dadar-Puducherry Express (train no 11005) derailed near Matunga station in Mumbai on Friday night after the engine of the CSMT-Gadag Express, going in the same direction, dashed it sideways, a Central Railway official said.
The government has sent a proposal to the Board of Control for Cricket in India (BCCI) to organise a cricket match on August 22 between India and the rest of the world as part of celebrations to mark 75 years of India's independence.
In a first, seat number 64 of coach B5 in the Kashi-Mahakal Express, that connects three Jyotirlingas in two states, had been turned into a mini-temple devoted to Lord Shiva.
'I did hesitate and was scared, but I decided to save the child as I realised I would have done that if he was my child'
Hit by Covid waves and slowdown, the Indian Railways has still not been able to return to its pre-pandemic passenger traffic, data by ministry of Railways has revealed. In February, the national transporter received 413 million ticket bookings - 43 per cent higher than the previous year, but only 61 per cent of the 675 million in February 2020. According to the statistics, that was the last time the Railways saw more than 500 million bookings in a single month.
Thackeray inaugurated Lines 2-A and 7 of Mumbai Metro, which connect the western suburbs of Andheri and Dahisar.
Bharti Airtel, Reliance Jio, Vodafone Idea said the Railways should not be permitted to offer commercial services like Wi-fi and voice and video communication.
The estimated cost of the project is around Rs 1,642 crore.
The health ministry further informed that in addition to 162 plants already sanctioned, the states have requested Centre for more than 100 such additional plants which are also being sanctioned.
'This is necessary for protecting the Hindu religion'
More people seemed to be returning to their workplaces towards the end of the year, even as railway and electricity numbers disappointed. Most other indicators held on to their gains.
The 1.3-kilometre-long bridge aims to boost connectivity to the Kashmir Valley and it is being constructed at a cost of Rs 1,486 crore as part of the Udhampur-Srinagar-Baramulla Railway Link project
A notification issued by the railway board in the evening said new fares would come into effect from May 5.
The government currently holds 87.40 per cent stake in IRCTC. To meet Sebi's public holding norm, it has to lower its stake in the company to 75 per cent.
The War of the Tiranga is a metaphor for a new battle of ideas in national politics, observes Shekhar Gupta.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
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