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Mint

Indian Railway Finance Corporation share are down by -3.31%, Nifty up by 0.52%

Indian Railway Finance Corporation Share Price Today on 19-09-2024: On the last trading day, Indian Railway Finance Corporation (IRFC) opened at ₹159.3 and closed at ₹153.25. The stock reached a high of ₹161.05 and a low of ₹153 during the trading session.

The Economic Times

Monitor technical inputs to spot failures that may cause train collision: Railway Board CEO to Zones

Railway Board Chairman Satish Kumar has directed all 17 railway zones to monitor data logger reports daily to prevent train collisions. The device records real-time train operations and signals, generating exception reports if safety norms are violated. This move aims to enhance operational safety and prevent accidents.

Business Standard

Finance Minister urges railway officials to meet the allocated Capex target in stipulated timeframe

Powered by Capital Market - Live News

The Economic Times

Focus on capacity expansion, commuter safety: Nirmala Sitharaman to Railways Ministry

In a meeting with senior railways ministry officials, Sitharaman asked them to expedite the implementation of the indigenous automatic train protection system, or the so-called Kavach system, expand the electrification of railway tracks and lay new lines, in sync with the capex outlay provisioned in the 2024-25 Budget, according to a finance ministry statement.

Mint

Indian Railway Finance Corporation share are down by -1.8%, Nifty up by 0.1%

Indian Railway Finance Corporation Share Price Today : On the last trading day, Indian Railway Finance Corporation (IRFC) opened at ₹163.9 and closed at ₹161. The stock reached a high of ₹164.4 and a low of ₹160.5 during the trading session.

The Economic Times

Railways looks to outsource part of maintenance ops

Indian Railways has planned a safety upgrade involving simulator training for loco pilots and outsourcing some maintenance tasks. This initiative follows multiple train accidents in recent years. The Railway Board is considering outsourcing track machine maintenance due to staff shortages, aiming for improved track upkeep with newer technology and integrated machines.

Business Standard

Govt to launch super app streamlining railway services: Ashwini Vaishnaw

Railways Minister Ashwini Vaishnaw said that more than 5,300 km of railway tracks were laid in 2023, a distance comparable to Switzerland's entire rail network

The Economic Times

Ahmedabad-Bhuj Namo Bharat Rapid Rail: Route, stops, speed, features and everything you should Know

The Railway Ministry has renamed the Ahmedabad-Bhuj Vande Metro to Namo Bharat Rapid Rail. This new service will connect Bhuj and Ahmedabad, covering 359 kilometers in 5 hours and 45 minutes. Public service will commence on September 17, featuring advanced safety systems and ergonomic seating for a comfortable journey.

The Economic Times

PM Modi launches India's first 'Namo Bharat Rapid Rail' connecting Ahmedabad and Bhuj

Namo Bharat Rapid Rail Launched: Prime Minister Narendra Modi inaugurated India's first 'Vande Metro' service between Bhuj and Ahmedabad. According to Western Railway officials, the Ahmedabad-Bhuj Vande Metro service will stop at nine stations and cover the 360-kilometre distance in 5 hours and 45 minutes at a top speed of 110 kilometres per hour. It will depart from Bhuj at 5:05 am and reach Ahmedabad Junction at 10:50 am, the officials had said.

The Economic Times

Sector churning: Power, defence, railway stocks fall up to 39% from peaks. What should investors do?

Power, defence, and railway stocks have seen significant declines from their 52-week highs due to sector churning. Experts advise caution, highlighting the need for clear signs of recovery before investing. While some stocks show stability, the overall market conditions remain uncertain.

The Economic Times

Six new Vande Bharat trains flagged off today: Routes, fares, dates, and timings

Prime Minister Narendra Modi has launched six new Vande Bharat Express trains on various routes, enhancing religious tourism and local industries. He will also inaugurate railway projects worth Rs 660 crore and distribute sanction letters for rural housing under the Pradhan Mantri Awas Yojana – Gramin in Tatanagar.

The Economic Times

Ahmedabad-Gandhinagar Metro expansion to enhance connectivity and sustainability

Prime Minister Narendra Modi will inaugurate the second phase of the Ahmedabad-Gandhinagar Metro on September 16. This new phase will significantly reduce travel time between the two cities to under 45 minutes. The Metro expansion aims to enhance Gujarat's urban transport network, integrating with BRTS, railway, and future bullet train projects for a seamless commute.

The Economic Times

Our focus is on being a future ready company, says RITES CMD

RITES Ltd, under the Railway Ministry, is focusing on being future-ready with IT and AI initiatives. At its 50th AGM, shareholders approved key resolutions including a bonus equity share and a final dividend. The company achieved consolidated revenue of Rs 2,539 crore in FY24, with significant growth in consultancy and turnkey segments.

Business Standard

Kulwant Singh takes charge as Executive Director of regulatory body IBBI

Kulwant Singh, a 1999 batch officer of the Indian Audit and Accounts Service, has taken charge as Executive Director of the Insolvency and Bankruptcy Board of India (IBBI), according to a release. Earlier, Singh has served as the Director General of Audit, East Coast Railway. "Kulwant Singh took charge as Executive Director, Insolvency and Bankruptcy Board of India (IBBI), on 11th September 2024," a release dated September 11 by the IBBI said. Singh has a graduate degree in law. He has completed more than 25 years in various capacities in the office of Comptroller & Auditor General of India (C&AG). He was also posted as Principal Director of Audit in Embassy of India, Washington DC and Director of Audit in High Commission of India, London. Last year in December, IBBI announced that Jithesh John has taken charge as an executive director. Prior to that, IBBI in October had announced that Sandip Garg has assumed charge as a Whole Time Member in the Bankruptcy Board. IBBI is a key

Business Standard

Our focus is on being a future ready company, says Rites CMD Mithal

RITES Ltd, an infrastructure, consultancy and engineering firm under the Railway Ministry, has focussed on being a future ready firm with several initiatives centred around information technology and artificial intelligence, Rahul Mithal, the Chairman and Managing Director of the company said in a press statement. According to the statement, in the 50th Annual General Meeting (AGM) of the company held on September 12, Mithal said that over the past five decades, RITES has grown from humble beginnings to being granted the prestigious Navratna status this financial year, committed to delivering consistent results and creating value for stakeholders. With our focus on being 'Future Ready', RITES has vigorously pursued its #ITReady, #SkillReady, and #AIReady initiatives, Mithal added. During the AGM, the shareholders approved resolutions such as the adoption of Audited Financial Statements of the company, 1:1 Bonus Equity Share for shareholders and Rs 5/share as a final dividend for ...

Mint

IRCTC share price climbs 3% as LIC raises stake in railway PSU. Should you buy?

IRCTC share price opened at ₹936 against its previous close of ₹931.40 and rose 2.7 per cent to the level of ₹956.80.

The Economic Times

HG Infra Engineering shares jump 5% on receiving order worth Rs 716 crore from Central Railway

HG Infra Engineering shares rose over 5% to Rs 1,579 after securing a Rs 716 crore railway contract. The stock surged 85% YTD and 150% in two years.

Mint

Indian Railway Finance Corporation share are up by 0.66%, Nifty down by -0.1%

Indian Railway Finance Corporation Share Price Today : On the last trading day, Indian Railway Finance Corporation (IRFC) opened at ₹168 and closed slightly higher at ₹168.1. The stock reached a high of ₹170.6 and a low of ₹166 during the day, indicating some volatility but ultimately finishing close to its opening price.

Business Standard

Groundbreaking ceremony for Dharavi redevelopment performed at RPF grounds

The Dharavi Redevelopment Project Pvt Ltd (DRPPL), the firm redeveloping Asia's largest slums, on Thursday performed the groundbreaking ceremony (Bhoomi Poojan) of the Dharavi redevelopment project at the RPF grounds in Matunga. The pooja, conducted in an area called Sector 6, marks the auspicious beginning of the construction of Railway's staff quarters and offices to be handed over to the government, as mandated in the Dharavi Redevelopment tender documents, sources said. Already, the state government-led door-to-door survey to determine eligible and ineligible residents is on with an idea to speed up the redevelopment and to ensure inclusive development. The DRPPL, which is a joint venture between the state government and the Adani Group, has also moved in the direction envisaged by the Maharashtra government, which is on a mission to make Mumbai a slum-free city by 2030. Mapping of the roughly 600 acres of densely populated Dharavi is crucial for the redevelopment that is likel

Business Standard

LIC increases stake in railway sector 'miniratna' PSU IRCTC to 9.3%

Life Insurance Corp (LIC) on Thursday said it has hiked its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent. In a regulatory filing, LIC said its holding in railway sector 'miniratna' PSU has increased 2.02 per cent in the period December 16, 2022, to September 11, 2024, via open market purchases. "Life Insurance Corporation of India has increased its shareholding in equity shares of Indian Railway Catering and Tourism Corporation Ltd from 5,82,22,948 to 7,43,79,924 i.e., 7.278% to 9.298% of the paid-up capital of the said company (IRCTC)," LIC said. Shares of LIC closed at Rs 1031.45, up 1.81 per cent over the previous close on the BSE.

Business Standard

LIC increases stake in railway sector 'miniratna' PSU IRCTC to 9.3%

Life Insurance Corp (LIC) on Thursday said it has hiked its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent. In a regulatory filing, LIC said its holding in railway sector 'miniratna' PSU has increased 2.02 per cent in the period December 16, 2022, to September 11, 2024, via open market purchases. "Life Insurance Corporation of India has increased its shareholding in equity shares of Indian Railway Catering and Tourism Corporation Ltd from 5,82,22,948 to 7,43,79,924 i.e., 7.278% to 9.298% of the paid-up capital of the said company (IRCTC)," LIC said. Shares of LIC closed at Rs 1031.45, up 1.81 per cent over the previous close on the BSE.

The Economic Times

LIC hikes stake in IRCTC to 9.3%

Life Insurance Corp (LIC) on Thursday said it has hiked its stake in Indian Railway Catering and Tourism Corporation (IRCTC) to about 9.3 per cent. In a regulatory filing, LIC said its holding in railway sector 'miniratna' PSU has increased 2.02 per cent in the period December 16, 2022, to September 11, 2024, via open market purchases.

CNBC TV18

H G Infra Engineering bags ₹716-crore Central Railway project in Maharashtra

The project involves the construction of a new broad gauge line between Dhule and Nardana in Maharashtra, spanning 49.45 km. Shares of H G Infra Engineering Ltd ended at ₹1,500.80, down by ₹5, or 0.33%, on the BSE.

Mint

Indian Railway Catering & Tourism Corporation share are up by 0.02%, Nifty up by 0.36%

IRCTC Share Price Today : On the last trading day, IRCTC opened at ₹923.35 and closed at ₹923. The stock reached a high of ₹929.95 and a low of ₹922 during the day.

Business Standard

Lemon Tree Hotels signs new property in Pune

Lemon Tree Hotel, Pune will feature 117 well-appointed rooms, a restaurant, a bar, a meeting room, banquet facilities, a swimming pool and a spa. The Pune International Airport is about 21 kms from the property while Pune Railway Station is about 20 kms away. The hotel is also well connected by roadways for both public and private transport.

Business Standard

BCPL Railway Infrastructure at 5% upper circuit on Rs 71-cr order; details

The uptick in BCPL Railway Infrastructure shares came after the company announced that it has received an order worth Rs 71 crore.

CNBC TV18

Book partial profits in this railway PSU, advises this chartist

Technical analyst Sarvendra Srivastava advises that when the RailTel stock rebounds to the ₹530-550 range, investors should sell a quarter of their shares.

Mint

Indian Railway Finance Corporation share are down by -0.97%, Nifty up by 0.1%

Indian Railway Finance Corporation Share Price Today : On the last trading day, Indian Railway Finance Corporation's stock opened at ₹170.4. It reached a high of ₹170.65 and a low of ₹168. The stock closed at ₹168.15.

Business Standard

MIC Electronics wins order of Rs 1.33 cr

From Salem Division of the Southern Railway Zone

The Economic Times

Trent, Zomato help Junior Nifty beat midcap and smallcap peers. Where to invest?

Tata Group's Trent, poised to join the Nifty 50 on September 30th after the NSE reshuffle, has been a top performer with a remarkable 244% return in the past year. Other standout stocks include Zomato, Power Finance Corporation (PFC), REC, Hindustan Aeronautics (HAL), Indian Railway Catering and Tourism Corporation (IRCTC), and Bharat Electronics (BEL), delivering returns ranging from 105% to 165%.

The Economic Times

Railways accepts Vinesh Phogat, Bajrang Punia's resignation with immediate effect

The Railways accepted the resignations of wrestlers Vinesh Phogat and Bajrang Punia, who recently joined the Congress. Phogat is set to contest the Haryana assembly polls from Julana constituency. The Northern Railway waived the three-month notice period, allowing them to be relieved immediately, making Phogat eligible for the October 5 elections.

The Economic Times

Railways initiate process to relieve Vinesh Phogat, Bajrang Punia

Northern Railway is processing the resignations of wrestlers Vinesh Phogat and Bajrang Punia, who recently joined Congress. The three-month notice period will be waived to expedite their release. Phogat has been given a ticket to contest the Julana assembly constituency in Haryana, and her resignation acceptance will allow her to run for election.

The Economic Times

Railways served show cause notice to Olympic wrestler Vinesh Phogat on Sept 4: Officials

Northern Railway officials confirmed that wrestler Vinesh Phogat was served a show cause notice on September 4, 2024, regarding her potential joining of the Congress party. The notice was issued due to service rule violations for government employees. Officials denied claims that the notice was given after her resignation.

Mint

Indian Railway Finance Corporation share are down by -1.96%, Nifty down by -0.95%

Indian Railway Finance Corporation Share Price Today : On the last trading day, Indian Railway Finance Corporation (IRFC) opened at ₹173.25 and closed at ₹170.10. The stock reached a high of ₹174.10 and a low of ₹168.15 during the day. Overall, the stock experienced a decline from its opening price.

The Economic Times

Railways achieves 653 MT freight loading by August of FY 2024-2025: Railway Board

Indian Railways achieved a significant milestone by loading 126.97 MT of freight in August 2024, bringing the total to 653.22 MT for the financial year up to August. This marks an increase from the previous year's 634.68 MT. The Railways aim to reach 3,000 MT by 2030 through network expansion and operational enhancements.

The Economic Times

Many contractual staff have criminal cases, police verification should be mandatory: Railway Board

The Railway Board has mandated pre-employment police verification for all contractual catering and vending staff in Indian Railways. This decision follows numerous incidents involving such staff in cases of theft, molestation, and other crimes. The measure aims to ensure passenger safety and protect railway property.

Business Line

RailTel secures ₹10.92 crore Railway Telecom project

RailTel Corp’s latest project is set to be executed by Sept 4

CNBC TV18

Sona BLW in talks with Escorts Kubota to acquire its railway business: Exclusive

CNBC-TV18 had reported in October 2023 that the Knorr-Bremse Group is likely to buy the railway business of Escorts Kubota for over ₹4,000 crore, citing sources with knowledge of the matter.

Business Line

ITCONS bags two government contracts

ITCONS E-Solutions secures contracts from communications, railway ministries

The Economic Times

Indo-Russian train making JV plans expanding India presence

According to Aleaxandra Meluzova, Chief Executive Officer (CEO) at Kinet Railway Solutions, the JV's Latur project is important to establish a long term industrial relationship between Russia and India.