The department of investment and public asset management is racing against time to launch the LIC IPO, which could become the largest-ever listing on the Indian bourses. This would lead to some delay in the strategic divestment of IDBI Bank.
The finance minister will also visit the school in Tamil Nadu where she studied from KG to Class 5.
In an interview with rediff.com's Anisha Ralhan, M G Arora, former executive director of safety, Indian Railways, explains how lobbyists and deflectors operating at different levels have corroded the lifeline of the nation.
The announcement came late Monday evening - and broke the internet. Elon Musk, the world's richest man, had bought microblogging site Twitter for a neat $44 billion. The little blue bird, which is known to take on many avatars depending on the mood, leanings and interests of who it is chirping for, went into overdrive. While some Twitter users flooded the site with memes and humorous takes on the move, the deal also had a fair share of critics.
When MSD looked at the 18 year old, Yash greeted The Master with a shy Namaste.
Business Standard tracks pollution levels, goods ferried by the Indian Railways and consumer visits to various categories of places, in addition to power generation and traffic numbers to understand the fast-changing situation on the ground.
While suburban fares remain unchanged, ordinary non-AC, non-suburban fares were increased by 1 paise per km of journey. The Railways also announced a two-paise/km hike in fares of mail/express non-AC trains and four- paise/km hike in the fares of AC classes. The fare hike is also applicable to premium trains such as Shatabdi, Rajdhani and Duronto.
In a first-of-its-kind scheme, the Indian Railways has installed a squat machine at the Anand Vihar station and 30 squats in front of it will generate a free platform ticket.
The two officials, Abid Hussain and Muhammad Tahir, were caught by the Special Cell of the Delhi Police from central Delhi's Karol Bagh while they were obtaining sensitive documents relating to India's security installations from an Indian national in exchange of money, official sources had said on Sunday.
Uttam Ghosh offers his take on how the migrants's plight has been aggravated by the erratic management of Shramik trains by the Indian Railways, headed by Railways Minister Piyush Goyal.
However, it will run special trains for migrants and others stranded across the country due to the ongoing lockdown.
With an m-cap of Rs 31,744 crore, IRCTC stood at 96th position in the overall market capitalisation ranking, the BSE data shows.
A change in electrification criterion in April 2017, with retrospective effect, helped the government add "already electrified 3,090 rkm" to its credit.
There was no confirmation yet on whether the migrant had tested positive for coronavirus.
President Ram Nath Kovind on Monday said the country's farm production and procurement increased during 2020-21 crop year despite the pandemic and agricultural exports reached a record level of Rs 3 lakh crore during the same period. In his address to the joint sitting of both Houses of Parliament at the start of the Budget session, Kovind said the government is focusing on making the country self-sufficient in edible oils besides making special efforts to promote organic farming, natural farming and crop diversification. "My government is working continuously to empower the farmers and the rural economy of the country... I would like to give maximum credit to the small farmers of the country for this consistent success and strengthening of the agriculture sector," he said.
The ministry said the country has a robust system of reporting deaths, including those caused by COVID-19, and the data is compiled regularly at different levels of governance, starting from the gram panchayat level to the district level and the state level.
IRCTC to restore service charges on e-tickets from Sep 1; Rs 15 for non-AC, Rs 30 for AC classes.
Zomato's mega initial public offering (IPO) ended with a bumper 38 times oversubscription on Friday as institutional investors poured money to get a pie of the hottest online food delivery platform. Zomato got bids for 2,751.25 crore shares against 71.92 crore shares on offer, stock exchange data showed. The IPO is India's biggest since March 2020. Institutional investors, who shied away in the first two days of the IPO, bid several times over the number of shares reserved for them.
As of now, the Indian Railways has cancelled 245 trains in order to restrict unnecessary travel due to the coronavirus outbreak.
For many the resumption of trains is a big boon, but some say it doesn't come without confusion and worries
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The retail frenzy over initial public offers (IPOs) seen over the past few months is not without reason. Over the past two years, 61 companies have tapped the primary market and raised funds via IPOs. Of these, 24 companies (nearly 39 per cent companies) have more than doubled at the bourses with Happiest Minds, IndiaMart Intermesh, Indian Railway Catering and Tourism Corporation (IRCTC), Affle India and Route Mobile surging 468 per cent to 722 per cent since their listing date till now. Retail participation in the equity market, according to analysts, has just reached an inflection point due to the low interest rate regime amid lack of investment-worthy avenues that can generate a good return for investors.
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.
So should airlines play the keening, trance-like Siddi folk music from the Kutch peninsula? The Sufiana Kalam of Kashmir? Carnatic music? Rabindra Sangeet? Bihu melodies? Classical music from the Hindustani gharanas? Ghazals? Bhajans? Bollywood hits?... asks Kanika Datta.
On this day 167 years ago, the wheels of the first passenger train in the country from Mumbai to Thane started rolling.
These trains will be run as special trains from New Delhi station connecting Dibrugarh, Agartala, Howrah, Patna, Bilaspur, Ranchi, Bhubaneswar, Secunderabad, Bengaluru, Chennai, Thiruvananthapuram, Madgaon, Mumbai Central, Ahmedabad and Jammu Tawi.
"We are in a very comfortable situation today. The daily requirement of oxygen is 3.6 metric tonnes and we have about six tonnes available which will last for the entire day. It is quite a comfortable situation."
India was among the top-five economies with the largest general government capital stock level, said, in 2015, an International Monetary Fund report called "Making Public Investment More Efficient". The report fuelled a debate on countries sitting on piles of cash that could be used better. India was believed to have public assets worth $4.5 trillion. The report urged countries to start asset recycling. Six years after the report, Australia's success in asset recycling has turned India into a believer; despite doing averagely in its previous efforts on roads, railways or meeting its divestment targets.
In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent.
Finance Minister Nirmala Sitharaman announced on Monday a record sum of Rs 1.10 lakh crore for the Railways, out of which Rs 1.07 lakh crore is for capital expenditure, and said the national transporter would monetise the dedicated freight corridors after its commissioning. Presenting the Union Budget 2021-22, Sitharaman also applauded the services provided by the Railways to transport essential goods across the country during the coronavirus lockdown.
"Convict him or acquit him," an anguished Supreme Court observed on non-framing of charges on an accused jailed for 11 years over serial blasts in multiple Rajdhani Express and other trains in 1993.
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.
"Though I am unaware of the reason for me being called for questioning or the subject matter of the investigation, you may visit my residence as per your convenience between 11 am and 3 pm tomorrow, i.e. 23 February, 2021," she said in her letter to CBI.
At present, the railway services in Kashmir operate between Banihal in Ramban District and Baramulla only.
On these routes, the train speed would also be increased to above 160 kmph over the next four or five years by revamping the entire signaling, tracks and fencing.
The investments by Uber and Ola included setting up kiosks, incentivising drivers for parking at the railway stations, and payments to the Indian Railways.
Suresh Prabhu presented the Railway Budget on Thursday.
The pandemic shines the spotlight on unexpected heroes.
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