Passengers in 200 railway stations across India will soon be able to recharge their mobiles, pay electricity bills, fill up Aadhaar and Pan card forms and even file taxes with help from Common Service Centre (CSC) kiosks to be set up by RailTel. The scheme has been operationalised in partnership with CSC e-Governance Services India Limited' (CSC-SPV) and the Ministry of Electronics & Information Technology, RailTel said in a statement. The kiosks will be run by village level entrepreneurs (VLEs).
Railtel Corporation of India, a public sector unit under Railways, plans to build high-speed optical fibre cable network using latest technologies on 42,000 km route of railway tracks by March 31, 2008.
'We have filed our draft red herring prospectus for a floating IPO for a net offer size of 86.6 million shares.'
'India has the maths talent, academic institutions, and research institutions to do the next big thing.'
The project was announced by Prime Minister in September.
Railway Minister Nitish Kumar has said that negotiations are on with the telecom ministry for equity participation of MTNL and BSNL in RailTel Corp to improve telecom services in the Railways.
The high-speed free Wi-Fi internet facility is now available at 6,100 railway stations across the country, RailTel said on Tuesday. "The milestone of 6,100 stations with Wi-Fi coverage was reached today (Tuesday) with the commissioning of Wi-Fi facility at Ubarni railway station (Rae Bareli district, UP) in Lucknow Division of Northern Railway," the statement by RailTel noted.
Israeli Prime Minister Benjamin Netanyahu termed it the 'largest cooperation project in our history', one that would 'change the face of the Middle East, Israel, and impact the entire world'.
Google had started the Station as a five-year partnership with the Indian Railways and RailTel in 2015 to provide fast, free WiFi in over 400 stations by mid-2020.
The dream-run in railway stocks may soon run out of steam, caution analysts. The rally, which has lasted nearly a year, may meet time-wise correction post the Union Budget announcements as investors begin scalping profits. "There is going to be a build-up in expectations for the sector from the Union Budget, which is still two-odd months away.
Railway passengers would soon have access to movies, television content, music videos and audio tracks as RailTel and media group Eros International have come together for providing entertainment services to travellers.
With these launches, the service is now live and available to users at 15 stations across the country.
Aiming to provide seamless state-of-the-art communication network, RailTel - the telecom arm of railways - will launch Railwire, a high capacity broadband service, in rural and remote areas of the country.
Most of the markets it is now looking at in hopes of gaining the next billion internet users have demographics similar to that of India.
The Securities and Exchange Board of India (Sebi) has cleared the draft red herring prospectus (DRHP) of the state-owned Life Insurance Corporation of India (LIC). According to investment banking sources, the so-called final observations were issued by the market regulator on Tuesday evening. Following the market regulator's nod to the IPO papers, the insurer can launch its share sale. However, LIC may not launch its IPO immediately given the current volatile market conditions.
The government is likely to file draft papers for the mega initial public offering of LIC with market regulator Sebi by next week, while a portion of the issue would be reserved for anchor investors, a top official said on Wednesday.
Air India sale will give a boost to India's privatisation drive, the Economic Survey said on Monday, as it suggested redefining the public sector role in business enterprises to encourage private participation in all sectors. The government earlier this month handed over ownership rights in national carrier Air India to Tata Group for Rs 18,000 crore. The amount includes the takeover of the debt burden of Rs 15,300 crore and another Rs 2,700 crore in cash.
The Railways launched the Google's free Wi-Fi service at Vijayawada, Kachiguda and Raipur stations.
RailTel Corporation of India, Indigo Paints, Home First Finance Company, Indian Railway Finance Corporation, and Suryoday Small Finance Bank are among the companies looking to tap the market.
Indian Railways is in talks with Reliance Jio Infocomm to allow the Mukesh Ambani-led telecom major's use of its towers. The aim is seamless mobile and internet connectivity for passengers along the 67,368-km of tracks. The Railway Board has entrusted its RailTel Corporation arm to work on the modalities with Jio. The Jio tie-up is expected to bring down its telecom bill by at least 35 per cent from this financial year.
Pichai is in India along with eight Google vice-presidents, including those for Search, YouTube, Maps, and Android among others.
RailWire - the retail Broadband distribution model of RailTel Corporation of India Ltd, a PSU of Railway Ministry, is involved in distribution of Internet bandwidth through WiFi.
Railtel has entered into an agreement with US-based Pronto Services, which will create facilities at 50 railway stations through Wi-Max technology.
Gas Authority of India, PowerGrid and RailTel on Friday joined hands to pool in telecom infrastructure to become India's second largest broadband service provider with plans to venture into STD and ISD services in future.\n\n
Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees. Interestingly, the India fees this year form just 1 per cent of the global fee pool of $13.7 billion from IPOs.
Through anchor allotment, a firm can demonstrate the demand for shares by getting marquee investors on board.
The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking to mop up another Rs 25,000 crore, say investment bankers. The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors -- a vast majority of them first-timers -- coupled with a flood of liquidity. Foreign funds alone had pumped in a record $35 billion into the market in FY21, while the trend has continued this fiscal as well. Domestic institutions led by LIC have also infused trillions of rupees, helping woo retail investors in troves -- the year saw over 20 million new investors coming to the market.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
The connectivity will not only improve delivery of government schemes but will also empower people, he said while talking to reporters on the sidelines of the Pravasi Bharatiya Divas in New Delhi.
This would be the first visit to India as Google CEO.
In a bid to resurrect Air India privatisation, the government is planning to give flexibility to potential investors to decide on the humongous debt with the national carrier, a top official has said. The flexibility to potential investors on the quantum of the Rs 60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle, Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Railway Minister Lalu Prasad is expected to announce a slew of initiatives for select Shatabdi and Rajdhani trains in the coming rail budget, including access to on-board free Internet and Direct-to-Home (DTH) services.
RailTel Corporation of India Ltd, a telecom and IT wing under the ministry, has selected the four railway stations for providing wi-fi connectivity. Within the next couple of weeks, passengers will be able to use their laptops at these stations, said senior officials of RailTel. The move is aimed at providing high-speed internet connectivity at railways stations. RailTel also plans to install wi-max facility to provide connectivity to remote railway stations at a later stage.
Cyber cafes will be opened at 50 railway stations during the current financial year by RailTel, a company under the Railway Ministry, which has made considerable progress in creating nationwide state-of-the-art telecom infrastructure.
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