Investments worth more than Rs 80 trillion are expected in roads, railways and urban infrastructure between now and FY30 and the supply chains helping to build this core infrastructure are also readying to cash in on the growth. In the first half of the current financial year, orders worth more than Rs 2.6 trillion were tendered in the roads and railways segment alone, according to data sourced from ICRA Ratings and Research. "India's transportation infrastructure sector is in high gear, and we enjoy a sizable share of it," said S V Desai, whole time director and senior executive vice president (Civil Infrastructure) for Larsen & Toubro.
The Budget and related appropriation bills were passed by the Lok Sabha on Monday.
Rail stocks on Thursday fell by up to 8.6 per cent on the Bombay Stock Exchange (BSE) as cautious investors offloaded shares ahead of the Railway Budget, 2011-2012 to be presented on Friday.
Expectations of muted expenditure on railway infrastructure and the assumption that there would be no further fare hikes may have contributed to the fall, according to analysts.
For Railways Minister Suresh Prabhakar Prabhu, the Budget for 2016-17 on Thursday could well prove his toughest hour.
Two siblings aged 22 and 19 years who left home 13 years ago after being scolded by their mother have been reunited with her with the help of a child rights activist.
Government announcements for the building of new roads, railways, and other capital expenditure (capex) projects may have hit an all-time low, according to numbers for the December quarter.
Super Tuesday is an important phase of presidential primaries when the early contests are over, and voters from multiple states cast ballots in primaries timed to occur on the same date. Almost all the results were one-sided in favour of Trump except for Vermont, where the winning difference was about one per cent.
A video of the incident showed Rama Rao, the MP and MLA, who were travelling atop the vehicle suddenly "falling" when the railing on the vehicle broke after the van's driver applied brakes.
If the party's members aren't sure what it stands for, see no path to wealth or power, and endure control by a dynasty, which, almighty as it is within the party, cannot get them the votes, they are likely to explore options, notes Shekhar Gupta.
Union ministers Arjun Munda, Piyush Goyal and Nityanand Rai and farmer leaders from Punjab will meet on Sunday for the fourth round of talks.
To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.
The Lok Sabha contest in Thiruvananthapuram is shaping up to be a significant battle involving key candidates like Shashi Tharoor, Rajeev Chandrasekhar, and Panniyan Ravindran. This three-cornered fight highlights the political dynamics in Kerala's capital city, with each candidate bringing their own vision and promises for the region's development, notes Rajeev Srinivasan.
ISRO's Thiruvananthapuram-based Vikram Sarabhai Space Centre successfully conducted a series of drogue parachute deployment tests at the rail track rocket sled facility of the Terminal Ballistics Research Laboratory in Chandigarh during August 8-10.
Out of over 70,000 personnel, 14,000 will be deployed at and around Kartavya Path for the security of the Republic Day parade, they said.
Modi said today "we all have reached an important and historic partnership".
There is an authenticity and sense of purpose about Dry Day which is appealing, observes Deepa Gahlot.
The IT capital's much awaited Bangalore's metro rail service, 'Namma Metro' will start operations from 20 October, 2011.
Around 29 trains have been delayed by two to five hours due to foggy weather, a railway official said.
Prime Minister Narendra Modi on Friday inaugurated the Rs 17,840 crore Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu, the longest bridge as well as the longest sea bridge in the country connecting south Mumbai with Nhava-Sheva in Navi Mumbai.
Rail traffic between Delhi and various destinations in Rajasthan was restored on Saturday with eight trains resuming their services after being suspended for nearly two weeks due to Gujjar agitation demanding ST status for the community.
Modi said that for nearly one and a half years he has been putting in place details of new schemes to give new pace to the country's development and curb poverty.
The long and irritating experiences of booking train ticket through IRCTC website seems to be a thing of past now as the Railways on Wednesday launched the next generation e-ticketing system enhancing the booking capacity to 7200 tickets per minute and making the whole process much faster and easier.
Passenger fares and freight rates were left untouched
Bulk goods should be transported through rail instead of roadways as it would be cost effective and environment friendly, said Pawan Kumar Bansal.
In yet another instance of his confrontation with the Dravida Munnetra Kazhagam dispensation in Tamil Nadu, Governor R N Ravi on Monday concluded his customary address to the House within a few minutes, making certain remarks over the content of the address that were 'expunged'.
The ruling Trinamool Congress in West Bengal demanded Railway Minister Ashwini Vaishnaw's resignation over the horrific triple train crash in neighbouring Odisha.
Railways have suspended two senior officials following searches carried out by CBI and recovery of Rs 20 crore in cash in connection with alleged corruption in supply of packaged drinking water in premium trains.
Likely to be merged with Union Budget from FY18
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Most of the railway-related stocks, which had seen smart gains in the past few days ahead of the Rail Budget, saw profit-booking as Railway Minister Sadananda Gowda presented the Budget.
The CM said aggressive investment is the need of the hour
Militants late on Monday night carried out a powerful mine blast on a railway track near Wanbal Nowgam on the outskirts of Srinagar, damaging a portion of the track.
The CM will be accompanied by Union Minister Nitin Gadkari during his visit to the tunnel site on Sunday.
Forest land that will also be exempted includes land situated within 100 km along the international borders, Line of Control, or Line of Actual Control, proposed to be used for construction of strategic linear projects for national importance or security.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
A six-member Congress delegation led by former Bengal Minister Manas Ranjan Bhunia met Joshi in New Delhi and submitted a memorandum seeking assurance on the continuation of all rail projects announced for the state.
For Bihar, trade with China through the rail link will be easier along this route than through Kolkata, saving time, cost and distance
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
Another woman from Malda district said that her son was killed in the accident.
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