The Bombay high court on Friday upheld the tender awarded to an Adani Group firm by the Maharashtra government for the Dharavi slum redevelopment project in Mumbai, ruling there was no 'arbitrariness, unreasonableness or perversity' in the decision.
In the Railway Budget presented on February 24, the Railways had revised downwards the revenue excess estimate by nearly 65 per cent to Rs 951 crore from the earlier projection of Rs 2,642 crore.
The finances of the Railways are in dire need of repair.
Highlighting the plight of train drivers, the note said loco pilots, especially those who drive goods trains, work 14 to 16 hours a day and get to go home after three or four days.
Continuing with the growth trajectory, Indian Railways have registered an increase of about nine per cent in its revenue earnings. The Railways have earned Rs 62,975.58 crore (Rs 629.75 billion) during April to December 2009 compared to Rs 57,901.88 crore (Rs 579.01 billion) for the same period last year, registering an increase of 8.76 per cent.
Recovering from an order dry-up and change in market conditions, Gurgaon-based Rites is looking to bid aggressively in global export and consultancy tenders and run with a volume-led approach, its chairman and managing director (CMD) Rahul Mithal said. Rites is a railway consultancy public sector undertaking (PSU) under the aegis of the Ministry of Railways. "We started the year with two huge challenges - the export order book, where no new orders had happened, and the opening up of Indian Railways quality assurance works to four players.
State Bank of India (SBI), India's largest lender, is looking to raise Rs 10,000 crore through 15-year infrastructure bonds as early as next week, said multiple sources aware of the development. Market participants expect a coupon in the range of 7.15-7.18 per cent for SBI's upcoming infrastructure bond issuance. This comes as demand for longer-tenor papers has remained strong in recent domestic capital market offerings.
Continuing the trajectory of growth, Indian Railways have earned Rs 7,292.25 crore (Rs 72.92 billion) in April compared to Rs 6,648.08 crore (Rs 66.48 billion) during the same period last year, registering an increase of 9.69 per cent.
The upcoming Akshay Kumar starrer Toilet: Ek Prem Katha is set to use toilets of the Indian Railways
The Delhi high court on Tuesday directed X Corp and Google Inc to remove prima facie defamatory social media posts against Indian Railway Personnel Service (IRPS) officer and Lok Sabha Speaker Om Birla's daughter Anjali Birla.
Slow pace in modernisation and infrastructure addition chokes tracks, constrains productivity, raises costs and invites political interference.
Railways were first introduced to India in 1853.
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.
The Indian Railways has joined hands with China for cooperation in developing high-speed rail corridors in selected routes in the country.
The Railways' share of freight traffic has dropped to 33 per cent from 90 per cent in the 1950s.
Travelling from South India to Kashmir in December was magical for Ganesh Nadar as he feasted his eyes on the beauty of the snow-capped Himalayas.
No fare hike was announced in the Railway Budget for 2019.
Kavach 3.2 version is being installed on approved high-density routes, the railway officials said, adding that upgrading and installation of the latest version on new routes will go on simultaneously to cover a wider railway network in a shorter period.
'If you are in a position to give employment to local people, you will find no terror attacks in your area.'
Indian Railways said it would rope in home-grown talent to develop world-class stations as foreign consultants were charging exorbitant fees.
Indian Railway's sustenance, freight traffic, - which accounts for about 70 per cent of its revenue - has been plateauing of late.
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.
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.
'He placed my journey above his and offered his companionship with utmost loyalty, dedication and honesty. If not for him, I cannot imagine being here, continuing my fight and taking each day head-on.'
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.
Shailendra's songs were attuned to Raj Kapoor's explorations of the themes and dreams of the Everyman.
Swapnil Kusale isn't really superstitious but when fellow mates Akhil Sheoran and Shriyanka Sadangi gifted him a small key chain to ward off evil eye, he readily accepted it
The Mysuru-Darbhanga Express train was given a green signal to pass through the main line, however, it entered a loop line already occupied by the freight train.
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.
Swapnil Kusale made a conscious effort to not pay attention to the scores and just wanted to worry about his breathing and shooting the 50m Rifle 3 Positions shooting at the Paris Games on Thursday. .
The women of this village in Nashik still climb into a well to fetch water for their families.
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 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.
After Monday's hoarding crash in which at least 14 people died, he has been absconding, while a case under IPC section 304 (causing death by negligence) was registered against him at Pantnagar police station in the city.
The Indian Railways needs the return of the influential and well-heeled customer for its revival, if not survival.
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.
This simple document encapsulates a pivotal juncture in Dhoni's life when he served as a ticket collector
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.
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:
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.
