Activity in the corporate bond market is set to gain momentum following a 25-bp policy repo rate cut by the rate-setting panel of the Reserve Bank of India (RBI). State-owned public cebPower Finance Corporation (PFC) and Small Industries Development Bank of India (Sidbi) are planning to raise up to Rs 11,500 crore through bonds on Tuesday as issuers expect borrowing costs to ease.
The 30-year-old wrestler had quit wrestling following her disqualification from the 50kg gold medal match in the Paris Olympics.
'The culture of mankind has been spread by the travel gene which pushes one in five people to have the curiosity to move to unknown destinations.'
An Indian-American sought an order from the Kerala high court in India demanding that Indian Railways stop the practice of discarding human waste in the open.
The Indian Railways has closed 2013-14 with a 15 per cent increase in revenue, rising to Rs 1,40,485 crore, compared to Rs 1,21,831 crore last year.
Despite a party leader who doesn't seem to put much faith in him and barbs on his first-time ministership, Trivedi is determined to revamp the Indian Railways.
'It could be a slightly unpopular choice because he hasn't scored even 1,000 runs in List A cricket.'
The Railways' share of freight traffic has dropped to 33 per cent from 90 per cent in the 1950s.
The upcoming Akshay Kumar starrer Toilet: Ek Prem Katha is set to use toilets of the Indian Railways
TVF deserves credit for breaking its mould of picking and sticking to favourable and comfortable genres. Space Gen could serve as a launch pad for more exciting content to come, hopes Divya Nair.
Indian Railways (IR) seems to be caught in a time warp, kept there by successive ministers who have played to the gallery by announcing more and more new passenger trains without caring what this will do to the congestion in the network and the efficient carriage of revenue-earning freight traffic.
'Trackmen are the most neglected employees among Indian Railways.'
The Indian Railways needs the return of the influential and well-heeled customer for its revival, if not survival.
Nitish Reddy fails with bat as Vidarbha take first-innings lead against Andhra
Revenue from freight operations also increased by 14 per cent to Rs 9,903 crore in September.
Non-banking financial companies (NBFCs) such as Bajaj Finance, Shriram Finance, Muthoot Finance, and IIFL Finance have regained their growth momentum after losing market share to banks in the post-Covid period. The growth surge is being led by diversified lenders and gold-loan companies while development-finance institutions such as Power Finance Corporation (PFC), REC, and Housing & Urban Development Corporation (Hudco) continue to grow at a slower pace.
Ahead of the Reserve Bank of India's (RBI's) monetary policy review in the first week of December, major public sector non-banking financial companies (NBFCs) - the National Bank for Agriculture and Rural Development (Nabard), Small Industries Development Bank of India (Sidbi), Power Finance Corporation (PFC), and Indian Railway Finance Corporation (IRFC) - plan to raise up to Rs 24,000 crore together through bond issuancesk.
No fare hike was announced in the Railway Budget for 2019.
The idea is to establish a robust and forward-looking legal framework that addresses the financial stress of power distribution companies, which are facing losses of over 6.9 trillion, while curbing high industrial tariffs that, according to the government, have affected competitiveness, constrained economic growth, and slowed the transition to clean energy.
As the national transporter is planning to come out with semi-high speed routes where trains can clock an average speed of 160-200 kmph, dedicated testing becomes essential.
This is the second-worst performance by the pack during this period over the last five years since CY20.
With surplus funds projected to fall at an all-time low of Rs 1,300 crore (Rs 13 billion) in the current financial year and the operating ratio, a key efficiency indicator, at an all-time high of 92 per cent, the railways requires a massive makeover in asset utilisation and to open itself to the private sector, said R Sivadasan, former financial commissioner, Indian Railways.
In an interview with Business Standard, days before the announcement of the Railway Budget for 2011-12, Financial Commissioner Samar Jha hopes that the railways would tide over the crisis soon, as the impact of the Sixth Pay Commission recomendations dissipates and earnings improve. Edited excerpts:
RailYatri offers a host of travel-related services to a 4.5 million user base. Shine Jacob finds out what's next for the app.
Not just the Indian Railways, even the state transport companies too should be subjected to the same norm of paying a market-linked price for the diesel they use. If the state transport units take an annual hit of Rs 5,000 crore (Rs 50 billion) because of the higher diesel price, let the additional financial burden be borne by the different state governments which run those services. Why let the state-controlled oil marketing companies bear the burden all on their own?
'China's basic purpose of taking the Shaksgam Valley was access to the Indian Ocean.'
Authorities of Indian Railways, which has witnessed a worrying spate of fire-related mishaps in the last few years, are yet to take any concrete steps to address the issue.
Revamping Indian Railways will need bold thinking, and lots of money and time. And all three may be scarce, points out T N Ninan.
Which were India's first companies that still exist today? Many trace their origins to over a century back. These venerable organisations are business entities. But they chronicle the beginnings of Corporate India.
Indian Railways is one of the biggest and busiest rail networks in the world, operating 9,000 passenger trains and transporting up to 20 million passengers every day.
The Mahayuti alliance has released its manifesto for the upcoming Mumbai civic elections, promising technology-led governance, concessions for women, and addressing issues like illegal immigration and infrastructure.
Mohammed Siraj returned 17-3-56-4 to help Hyderabad bowl Chhattisgarh out for 283 on Day 1 of their Group D Ranji Trophy contest, in Hyderabad, on Thursday.
Severe cyclonic storm 'Montha' has begun making landfall off the Andhra Pradesh coast, with the process expected to continue for the next three to four hours. The storm is expected to cross the coast between Machilipatnam and Kalingapatnam, near Kakinada, with wind speeds of 90-100 kmph.
In a culture where children take up the profession of their father, her becoming a politician was seen as natural and acceptable.
'You can never bring about a change if you only bring in outsiders. Consultants will never feel what changes are necessary and where,' says Railway Minister Suresh Prabhu.
Railways has earned Rs 1,14,656.13 crore during April-December 2014, registering an increase of 12.57 per cent. It had earned Rs 1,01,856.45 crore during the same period in the previous year.
Senior pros Rohit Sharma and Virat Kohli made a grand comeback to the Vijay Hazare Trophy, smashing centuries on the opening day of the one-day tournament on Wednesday.
'At least one specially designed fully accessible railway car should be added to every train'.
The training involving 100 Indian officers will lay emphasis on onsite training covering operational and maintenance facilities, monitoring systems and traffic controls.
Indian Railway's sustenance, freight traffic, - which accounts for about 70 per cent of its revenue - has been plateauing of late.
