This is despite a 10 per cent rise in the average weekday ridership.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
As infrastructure, power hardly deal in cash, its paucity has failed to affect their receivables
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
Road Transport Minister Nitin Gadkari known for promoting innovative ideas in transportation, created a stir some time back when he pitched for 100 per cent electric mobility by 2030. In an interview with Megha Manchanda & Jyoti Mukul, he talks about the Central Road and Infrastructure Fund (CRIF) and electric vehicles.
This uncaring attitude is primarily based on the fact that road concessionaires still do not see themselves as "service deliverers", says Vinayak Chatterjee.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
When Nitin Gadkari took charge as Road Transport and Highways Minister in 2014, he had set a target of constructing 40 km a day in two years. But construction at this point is a mere 16 km a day. Megha Manchanda on what ails the road sector.
Five stocks - Havells, NCC, Suzlon, Blue Star and Crompton Greaves look most attractive after the recent course correction.
The Welspun group's energy business has plans to set up solar energy parks across four states.
The recovery was led by pharma majors led by Dr Reddy's Labs.
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
After the Maharashtra government has scrapped the Mumbai redevelopment plan, there could be major change in state policy.
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
Spotlight likely on cement, metals, road cos
In UK, France and Germany, the president and CEO of Edelweiss Securities, anticipates votes incrementally in favour of local protection and de-globalisation.
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
Last June, the group had delisted Essar Energy from the London Stock Exchange as well.
Terminal Zero will be constructed at the port of Abbot Point near Bowen town, Queensland, as per the Memorandum of Understanding inked between the company and Korea's POSCO.
Though some operators offer the facility of tag lanes, such tags can only be used at designated points.
Both the countries have increased prices of gas recently.
Infra sector is neglected by the Modi govt.
'We hope there shall be more focus on existing projects and their completion rather than new projects.' 'Any new project announcements should be largely for decongesting the existing lines rather than new lines.'
Bharti Airtel, HDFC, ONGC, ITC and CIL emerged as the top gainers.
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
The public-private partnership model is a compulsion, says the minister.
The Centre has accorded top priority for cost-effective, pollution-free transportation modes, such as waterways, which reduce logistic costs and increase road safety. Union minister of roads, highways, ports and shipping Nitin Gadkari speaks to Sanjay Jog about the government's strategy.
At 15.05 PM, the 30-share Sensex was up 281 points at 28,238 and the 50-share Nifty gained 86 points at 8,577
Companies from the capital goods space will under-perform.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
'Making the railways better is a different type of a challenge.'
Budget in the medium term aims to kick-start the investment cycle.
Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.
Money is being released and the government knows it will have to front-run private investment.
Experts hail Budget 2015 as a progressive, growth oriented one.
'The transmission sector is going to be the next sunrise industry.'
Tax incentives to have cascading effect on the capital goods industry.
An exercise to rationalise coal linkages which will optimize transport of coal and reduce cost of power is underway.
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