The stock, which is a play on the growth story of Indian Railways, has corrected 15 per cent from its 52-week high level of Rs 2,072.95 scaled on March 9. Yet, this has not deterred brokerages from holding a bullish view on the stock.
Railway officials also indicated that possible 'sabotage' and tampering with the electronic interlocking system, which detects the presence of trains, led to the Friday accident.
Experts suggest that a revamp in the surrounding infrastructure should take care of the issues plaguing the VB-2, stressing that the lightweight nature of the trains is what allows for higher speeds, and that needless design additions may hamper the train's efficiency.
These organisations said their campaign will continue till the display of such certification on their products are banned.
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Seeking more funds, Railway Minister Mukul Roy requested Prime Minister Manmohan Singh and Finance Minister Pranab Mukherjee to provide additional allocation to meet the rising demands of the Railways to achieve efficiency and provide more safety.
In another tweet, Gandhi also expressed concern over frequent emergency landings of flights due to one snag or another at a time when domestic air fares have almost doubled.
According to the latest Budget papers, the staff strength of central ministries and departments is estimated to rise by 276,796 to 3.44 million at the end of FY23, it would be up by 109,266 to 3.55 million in March 2024.
'It was more than ego.' 'It carried with it a sincere belief that he was the quintessence of the country, that the country's destiny was irrevocably intertwined with his destiny.' An excerpt from T J S George's The Dismantling of India: In 35 Portraits.
The prime minister took a ride in the metro train between Zero Mile Freedom Park and Khapri stations with some students. Before boarding the train, he visited an exhibition on the project at the Zero Mile station.
Mithali Raj has hinted at coming out of retirement to play in the inaugural of the women's IPL.
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Don't recharge your phone at public outlets -- carry a power bank instead. Avoid clicking on links sent by 'friends'. If you get into an online sexual encounter with a stranger and get blackmailed, refuse to pay up.
If the current revenue figures are any yardstick to go by, Railways could just about miss their target for the present fiscal ahead of the Rail Budget.
Railways is keen to generate additional revenues this year.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
Amid rising demand for coal freight and an aggressive push towards diversifying its freight basket, Indian Railways is planning to buy 100,000 more wagons over the next three fiscal years. The procurement plan will majorly comprise BOXN wagons, which are used to transport coal, said a senior Ministry of Railways official. Notably, the railways recently floated a sizeable tender worth Rs 35,000 crore of wagons, which had been in the pipeline since 2018. "Our Budget Estimates for freight increase were conservative.
Indian Railways last month issued an order to end the British-era practice of using Dak Messengers, or personal messengers, for official communications and move towards video conferencing in a bid to save costs.
'We have filed our draft red herring prospectus for a floating IPO for a net offer size of 86.6 million shares.'
Buoyed by higher demand for crude oil and imported coal, Indian ports recorded a growth of 11 per cent in traffic during the April-June quarter of 2022-23. This shows that the economy is opening up, a report by DAM Capital said. The volume increase assumes significance since both prices of crude oil and imported coal have been soaring this year. Indian coal companies were pressed for supply amid a thermal coal crisis earlier in the year.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
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India will soon invite foreign businesses to help expand its once-mighty but now outdated railways, government sources said, in a move that would mark the opening up of one of the country's last great state-controlled industries.
'Indian Railways will run 200 non-AC trains daily as per the time table from June 1 for which online booking will start soon,' Goyal said in a tweet. He also said that within the next two days Indian Railways will double the number of Shramik Special Trains to 400 per day.
The railways observed a week of Azadi ki Rail Gadi, from July 18-23, through 27 trains and 75 railway stations, across 24 states that are linked to the Indian freedom struggle.
After freight and passenger segments, the railways is set to begin a third segment dedicated to the tourism sector and launch a set of around 190 theme-based trains called Bharat Gaurav trains, minister Ashwini Vaishnaw said on Tuesday. Addressing a press conference, the railways minister said these trains could be run both by the private sector as well as the IRCTC. "These are not regular trains that will be run on timetables.
'I am not envious of those who are making millions. It's their era and I had my era.'
Major Ruchi Agarwal is commander of the United Nations Female Engagement Team in the conflict-ridden Democratic Republic of Congo.
The 17-day pilgrimage tour will include nine stops at destinations relevant to Lord Ram.
Even as Union ministers allay misgivings over Agnipath, figures show a meagre 2.4 per cent of the ex-servicemen who applied for a government job could get one as the Centre and the states have been unable to recruit against the reserved quotas. Public sector undertakings (PSUs), ministries, and officials of Sainik Boards have blamed it on the lack of skill among ex-servicemen. They say veterans' inability to qualify in selection exams is one of reasons for this. Also, non-recognition of qualifications obtained from the military are reasons why their recruitment has remained significantly low, pushing them towards low-skill jobs.
Leonard Barsoton of Kenya and Ethiopia-based Bahraini athlete Desi Jisa set new course records in the men's and women's elite international section en route to winning titles at the Tata Steel Kolkata 25K marathon.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
The ministry of railways has decided to withdraw its decision on sharing of convenience fee earned by IRCTC on online bookings of train tickets, the DIPAM secretary said on Friday.
Of the total trains, 2,875 have terminated, while 401 are in transit. The top five states and union territories from where maximum trains originated are Gujarat (897), Maharashtra (590), Punjab (358), Uttar Pradesh (232) and Delhi (200).
On August 15 last year, Prime Minister Narendra Modi announced from the ramparts of the Red Fort that the Indian Railways would launch 75 Vande Bharat Express trains by August 2023. Later, in her 2022 Budget speech, Finance Minister Nirmala Sitharaman announced that 400 Vande Bharat trains will be manufactured in the next three years, which are expected to cost between Rs 40,000 crore and Rs 50,000 crore. Those upbeat announcements come after a series of cancelled tenders, vigilance actions against officials and interdepartmental rivalry that delayed the addition of these iconic trains developed entirely indigenously by the Integral Coach Factory (ICF) in Chennai.
A 'propagandist' newspaper distributed on board the Bangalore-Chennai Shatabdi Express has snowballed into a controversy, drawing political reactions and prompting the Indian Railway Catering and Tourism Corporation (IRCTC) to initiate an enquiry in the matter.
A certain type of TGV, called V150, holds the world record for the highest speed on any national rail system. This record has been in place since April 2007.
The Indian captain also thanked Prime Minister Narendra Modi for the honour while also thanking BCCI President Sourav Ganguly for recommending her name for the honour.
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Shares of Indian Railway Catering and Tourism Corporation (IRCTC) hit a new high of Rs 4,512 after surging 8 per cent on the BSE in Wednesday's intra-day trade, on the back of heavy volumes, ahead of 1:5 stock split. The trading volumes on the counter more-than-doubled today, with a combined 7.02 million equity shares having changed hands on the NSE and BSE till 11:19 am. In the past one week, the stock of the state-owned travel support services company has rallied 20 per cent after the company on September 29, 2021, said that it has fixed October 29, 2021 as the record date, to ascertain the name of shareholders entitled for subdivision/split of equity shares of Rs 10 each into five (5) equity shares of face value of Rs 2 each.
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