Indian Railways
Railways land-for-job case: Court directs ED to file supplementary charge sheet by June 7
A Delhi court on Friday directed the ED to file supplementary charge sheet, if any, by June 7 in a money laundering case related to the alleged land for job scam in the Indian Railways involving RJD chief Lalu Prasad and several of his family members. Special Judge Vishal Gogne said he has questioned the ED several times in the course of the proceedings over the past few months about completion of the investigation.
Court pulls up CBI for delay in filing conclusive charge sheet in Railways land-for-job case
A Delhi court rebuked the CBI for delays in submitting a "conclusive charge sheet" related to the land for job scam in Indian Railways involving RJD chief Lalu Prasad and family members. Judge Vishal Gogne criticised the agency for repeatedly seeking more time and set a deadline of June 7. The CBI had previously filed a supplementary charge sheet against three accused in March.
IRCTC shares decline 3.31% as Sensex slides
A total of 330,948 shares changed hands on the counter till 02:09PM (IST)
IRCTC shares decline 1.4% as Sensex slides
A total of 81,650 shares changed hands on the counter till 01:32PM (IST)
Shyam Metalics expands rail infrastructure at its steel plant in Odisha
Shyam Metalics and Energy Limited (SMEL) has expanded its rail infrastructure at its integrated steel plant in Pandloi, near Rengali, Odisha. The expansion, completed in 2023, doubled the number of dedicated railway lines to four, including a lead line, three branch lines, and an engine escape line. The plant now handles over 110 rakes per month, but can only manage 60% of the increased demand for raw materials and finished goods.
IRCTC shares drop 0.26% as Sensex rises
A total of 45,100 shares changed hands on the counter till 11:26AM (IST)
IRCTC shares down 0.57% as Nifty gains
A total of 55,474 shares changed hands on the counter till 01:17PM (IST).
IRCTC shares down 1.08% as Nifty gains
A total of 195,393 shares changed hands on the counter till 01:13PM (IST).
Travelling by Indian Railways? Now avail tech-driven services by MakeMyTrip
MakeMyTrip will be offering enhanced travel experience for Indian Railways passengers by introducing tech-driven features like 'Seat Lock' and Route Extension Assistance. Additional features include Nearby Stations Recommendations, free cancellation policy, Food in Train for food delivery to seats, and Train Tracking and Platform Locator. CEO Rajesh Magow talked about the comapany's commitment to empowering travellers with choice and convenience.
IRCTC shares up 0.22% as Nifty gains
A total of 126,799 shares changed hands on the counter till 11:10AM (IST).
IRCTC shares down 0.64% as Sensex falls
A total of 95,250 shares changed hands on the counter till 11:31AM (IST)
RITES signs pact with Bangladesh Railway to supply 200 passenger coaches
RITES Limited signed a contract with Bangladesh Railways to supply 200 broad-gauge passenger carriages, worth USD 111.26 million, funded by European Investment Bank. The contract includes design, spare parts support, and training, highlighting RITES' commitment to 'Make in India, for the World' vision.
Share price of IRCTC jumps as Sensex gains 270.06 points
Promoters held 62.4 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 8.08 per cent and 2.97 per cent, respectively.
IRCTC shares up 0.72% as Nifty drops
A total of 35,123 shares changed hands on the counter till 11:41AM (IST).
IRCTC shares up 0.13% as Nifty falls
The stock quoted a 52-week high price of Rs 1076.35 and low of Rs 604.0.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 183.46 points down at 22704.7
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 84.91 points down at 22803.25
Stock Radar: 50% rally in 6 months! This railway stock could hit fresh record highs soon; time to buy?
The stock has breached a 4-month consolidation and this has made room for it to head towards 1,200 levels. If the momentum continues, the stock could hit fresh record highs. The railway stock rose from Rs 696 as of November 28, 2023, to Rs 1,101 on May 27, 2024, which translates into an upside of 58%.
Indian Railway RPF recruitment 2024: Last date to apply May 14. Check link, how to apply and other details
Indian Railway is recruiting for RPF constable and SI positions with a May 14 deadline. Candidates can edit applications until May 24. Fee details and selection process variations apply. Apply soon on the official website.
IRCTC Q4 Results: Cons PAT rises marginally to Rs 284 crore, but revenue jumps 20% YoY
IRCTC Q4 Results: The PAT was reported at Rs 278 crore in the year-ago period. The consolidated revenue from operations for the reported quarter stood at Rs 1,155 crore as against Rs 965 crore reported in the year-ago period. The consolidated net profit was, however, down on a sequential basis by 5% versus Rs 300 crore.
Stocks in news: LIC, Vedanta, IRCTC, RITES, NALCO, Adani Energy Solutions, Timken, CMS Info Systems
India's largest life insurer Life Insurance Corporation of India on Monday reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, which was up by 4.5% over Rs 13,191 crore reported in the corresponding period of the last financial year. The company board has declared a final dividend of Rs 6 per share.
IRCTC shares decline 0.81% as Sensex slides
A total of 43,077 shares changed hands on the counter till 12:58PM (IST)
PM talks of 'mangalsutra', mutton, 'mujra', but not about 'Make in India' which has flopped: Congress president Kharge
Drawing a parallel between the Congress-led UPA and 10 years of the BJP-led NDA government, he said the manufacturing growth (at constant 2015 USD) during the Congress-UPA rule from 2004 to 2014 was 7.85 per cent while that during the Modi's NDA rule from 2014 to 2022 was 6.0 per cent.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 24.65 points down at 22932.45
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 32.0 points up at 22989.1
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 31.21 points up at 22988.3
Large PSUs' capital expenditure reaches ₹50,200 crore in April FY25, slower growth than previous year
Large public sector companies in India spent over Rs 50,200 crore on capital expenditure in April FY25, 6.46% of the annual target of Rs 7.77 lakh crore. Spending was lower than in April FY24. The Finance Ministry expects spending to increase. Railways, roads, and oil and gas sectors drove the expenditure.
Railways suspends drivers, assistants for operating trains at 120 kmph against 20 kmph limit
Drivers of Gatiman Express and Malwa Express suspended for speeding at 120 kmph in a 20 kmph cautionary speed limit section near Agra Cantt during bridge renovation work.
Railway minister contradicts Kerala Cong's claim, says Vande Bharat's occupancy is 98 per cent
Ashwini Vaishnaw challenges Kerala Congress's 50% Vande Bharat occupancy claim, proving it's 98%. IRCTC data analysis shows economic disparities in access. Vande Bharat's popularity is evident with over two crore travelers by March 31 this year.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 10.56 points down at 22957.1
IRCTC shares fall 0.77% as Nifty drops
The stock quoted a 52-week high price of Rs 1076.35 and a 52-week low of Rs 604.0.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 37.81 points down at 22929.85
Railways laid on an average 7.41 km tracks daily in 10 years, RTI response reveals
In response to an RTI application, the Indian Railways Ministry revealed that it laid an average of 7.41 km of tracks annually over the past ten years, covering new line construction, doubling, tripling, and gauge conversion. Railway Minister Ashwini Vaishnaw recently stated that the Railways is currently adding about 15 km of new tracks daily. In 2022-23, the Railways laid a record-breaking 3,901 km of tracks, with significant progress attributed to increased budgetary allocation and streamlined processes.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 369.86 points up at 22967.65
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 369.86 points up at 22967.65
IRCTC shares rise 1.91% as Sensex slides
A total of 39,743 shares changed hands on the counter till 11:06AM (IST)
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 92.41 points up at 22690.2
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 69.0 points up at 22666.8
IRCTC shares down 3.0% as Nifty drops
A total of 195,166 shares changed hands on the counter till 12:58PM (IST).
How to book train tickets online through Railways UTS app: Updated rules
There is now more flexibility when booking train tickets using the Unreserved Ticketing System (UTS) app and website of Indian Railways. Through UTS, travellers can purchase tickets for non-suburban travel (more than 200 km) up to three days in advance (not including the travel date). As of April 12, 2024, South Eastern Railways stated on their website, "Suburban tickets up to 200 km will be issued only the day of the journey."
Left govt in Kerala enters fourth year, CM says extreme poverty will be eradicated by 2025
Kerala CM Pinarayi Vijayan said that while the Union government fails to fill the numerous vacancies in various Central government establishments, including the Indian Railways and other Central public sector undertakings, the Kerala Public Service Commission stands as a model for the entire country. He promised that the Left government will eradicate extreme poverty in the state in the coming year.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 17.25 points up at 22546.3
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 20.3 points up at 22549.35
Railways clocks 1.46% higher freight loading in April 2024
Railways loaded of 57.64 MT in Coal, 14.88 MT in Iron Ore, 5.24 MT in Pig Iron and Finished Steel, 6.79 MT in Cement, 4.75 MT in Clinker, 3.85 MT in Foodgrains, 4.01 MT in Fertilizers, 4.16 MT in Mineral Oil, 6.57 MT in Containers and 9.54 MT in Balance Other Goods during April 2024.
IRCTC shares drop 2.97% as Sensex rises
The stock quoted a 52-week high of Rs 1076.35 and a 52-week low of Rs 604.0.
RITES to undertake safety assessment of Vande Bharat trains
With this contract, RITES, the only ISA-certified central public sector enterprise, has ventured into a new business stream and it said it is committed to advancing ISA works by leveraging its expertise in the Quality Assurance segment.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 27.05 points up at 22529.05
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 27.05 points up at 22529.05
Indian Railways Summer Special Trains between Mumbai, Uttar Pradesh and Bihar: Routes, timings, schedule
Now that summer is here and the temperature is rising, people are starting to get holiday fever because they are eager to return home. In order to better handle the high volume of passengers, the Central Railway is operating 156 Summer Special train services between Mumbai and several locations in the states of Uttar Pradesh and Bihar. Here's a look at them.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 31.85 points down at 22470.15
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 36.41 points down at 22465.6
IRCTC shares rise 0.09 per cent in Friday's trading session
The Relative Strength Index of the stock stood at 66.67 on Friday.
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 62.25 points up at 22466.1
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 62.25 points up at 22466.1
Multibagger railway stock Titagargh rallies nearly 18% in 2 days. What’s cooking?
Titagarh Rail Share Price: Titagarh Rail Systems shares surge 18% to all-time high after stellar Q4 performance. Nuvama raises target price to Rs 1,475. Operating performance remains robust, with optimistic outlook on passenger segment revenues and railway capex. Morgan Stanley also initiates 'overweight' rating.
Mumbai Police arrests Bhavesh Bhinde from Udaipur in connection with hoarding collapse which claimed 16 lives
Mumbai police have arrested Bhavesh Bhinde, owner of Ego Media, in connection with an illegal hoarding collapse in Chheda Nagar that led to 16 deaths. Bhinde faces charges of culpable homicide not amounting to murder and is also embroiled in other legal issues, including allegations of rape. Despite his troubles, Bhinde has secured contracts from entities like the Indian Railways and BMC for billboards and banners, albeit amid allegations of flouting regulations. This incident has prompted Chief Minister Eknath Shinde to order a structural audit of all hoardings in Mumbai.
Titagargh Rail shares surge 10% after robust Q4 results
Titagarh Rail Systems saw a notable surge of 10% in its shares on Thursday, reaching a peak of Rs 1,216 on the Bombay Stock Exchange (BSE). This increase followed the company's announcement of a substantial year-on-year (YoY) rise in net profit for Q4FY24, amounting to Rs 78.95 crore, marking a 63.7% increase.
IRCTC shares up 0.16% as Nifty gains
A total of 52,307 shares changed hands on the counter till 10:45AM (IST).
PM's active role, personal monitoring responsible for infrastructure sector turnaround, says FM
Nirmala Sitharaman praises PM Narendra Modi for reviving the infrastructure sector, highlighting the neglect during the UPA regime and the significant advancements made under the Modi government, including the expansion of the Metro network, growth in the aviation sector, and initiatives to boost the maritime ecosystem.
Why has Ganga river gotten dirtier despite spending Rs 20,000 crore: Congress asks PM Modi
The Congress questioned PM Modi's abandonment of Varanasi villages he adopted and the increasing pollution in the Ganga despite Rs 20,000 crore spending. Jairam Ramesh criticized Modi's failures in Varanasi, citing lack of progress in adopted villages and destruction of Gandhian institutions. Ramesh accused Modi of prioritizing Godse's ideology over Gandhi's legacy.
Indian Railways offers affordable meals during summer season
This service was piloted at about 51 stations during calendar year 2023. The program is being expanded with counters now operational at over 100 more stations, totaling nearly 150 counters. “The initiative is slated for further growth, encompassing even more stations in the near future,” the official added.
Indian Railway train ticket booking: MakeMyTrip, Ixigo offer options to book tickets with zero-cancellation charge
Railway ticket cancellation costs are higher if the e-ticket is cancelled when departure time is less than 48 hours. However if the e-ticket is cancelled when more than 48 hours remain from the train's departure time then the cancellation cost is standard. However apps like MakeMyTrip and Ixigo have launched zero cancellation charge policy if some additional money is paid while booking the train ticket.
IRCTC shares gain 0.55% as Sensex rises
The stock quoted a 52-week high of Rs 1068.65 and a 52-week low of Rs 597.9.
IRCTC shares gain 1.2% as Sensex rises
A total of 106,978 shares changed hands on the counter till 12:12PM (IST)
India's longest railway tunnel: Decoding the features of Pir Panjal Railway Tunnel
The Pir Panjal Railway Tunnel, also known as the Banihal-Qazigund Railway Tunnel, is India's longest railway tunnel, measuring an impressive 11.21 kilometers in length. It is an engineering marvel, constructed through the tough terrain of the Pir Panjal mountain range in Jammu and Kashmir. Construction of the Pir Panjal Railway Tunnel began in November 2005 and was successfully completed in June 2013. The project significantly improved connectivity to Kashmir
IRCTC shares gain 0.26% as Sensex rises
The stock quoted a 52-week high of Rs 1068.65 and a 52-week low of Rs 584.9.
4 PSU stocks which are gig beneficiaries of the government focus on power, railways & infrastructure projects
What should a company which is lending both for short and long term but only to a particular sector be called. A “sectoral lender” or “term lending institution”. The obvious answer would be a sectoral lender. But the fact is that these are term lending institutions which come with its own advantages and disadvantages. The word “term lending institution” is not a word which many on the street would know or remember because this word was used a couple of decades back when ICICI, IDBI were not banks but term lending institutions. The difference between today’s PFC and IRFC of the world and old timer ICICI is that the PFC and IRFC are focussed in lending to a sector, whereas in old days, ICICI used to lend to different sectors. Another big difference is that PFC and REC have lower cost of capital as compared to term lenders like in the old days. Because some of these PSU lenders have come into public space recently, even analysts seem to be getting on the wrong foot by being less than optimistic.
India's first train journey was made 171 years ago, today: Story, image and more
On April 16, 1853, Indian Railways launched the first passenger train, travelling 34 km from Bori Bunder to Thane. Sahib, Sultan, and Sindh were the three locomotives that drove its 13 carriages. The day has been observed as Indian Rail Transport Day ever since. In a post on X, the Central Railways said, "In 1853, exactly 171 years ago today, India marked a significant milestone in transportation history with the inaugural journey of the first train from Bori Bunder to Thane. This pivotal moment heralded a new era of connectivity that shaped the nation's future." (Image: X/ Central Railways)
Share price of IRCTC falls as Sensex drops 404.59 points
A total of 79,863 shares changed hands on the counter till 11:47AM (IST)
IRCTC shares down 2.51% as Nifty drops
A total of 563,062 shares changed hands on the counter till 01:08PM (IST).
High-powered committee to implement breaks for food, nature's call for train drivers
The Ministry of Labour has constituted a high-powered committee to work out the modalities "to provide defined time intervals for food and attending calls of the nature while on duty for the Loco Running Staff of the Indian Railway". The initiative is in line with the International Labour Organisation's (ILO) Hours of Work (Industry) Convention, 1919, which has been ratified by India.
No more stinky rides: How Railways plans to tackle smelly trains, stations
The Railway Board is implementing various strategies to combat the long-standing problem of unpleasant odors in trains and stations. In response to numerous complaints received through the Rail Madad app, the board is proposing the utilization of innovative IoT-based tech to detect foul smells.
SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
In March 2024, Kolkata based Besco, Hindustan Engineering and Industries (HEI), Jupiter Wagons, and Titagarh Rail Systems were awarded the tender for suppling Bogie Open Wagon (BOSM) to the Indian Railways. HEI was awarded the order for supplying 4,500 wagons worth Rs 1924.88 crore in this tender. Titagarh Rail Systems came second with the order for 4,463 wagons worth Rs 1909.05 crore.
First Vande Bharat Metro train set rolls out: Watch first-look video here
A milestone achievement occurred as Punjab's Kapurthala factory unveiled the inaugural Vande Bharat Metro coaches, heralding a new era in Indian rail development. Scheduled for July testing, these trains promise efficient travel with a 100-250 km range and expandable configuration. Initial plans envision 50 trains, adaptable to 400, aimed at connecting major cities. Further innovations include sleeper variants and increased speeds, signaling a transformative shift in Indian rail infrastructure.
IRCTC shares up 3.65% as Nifty drops
A total of 156,130 shares changed hands on the counter till time (IST).
Indian Railways operates record number of additional trains to meet summer demand
All zonal railways spread across India have geared up to operate these additional trips, catering to the summer travel rush from states like Tamil Nadu, Maharashtra, Gujarat, Odisha, West Bengal, Bihar, Uttar Pradesh, Karnataka, Andhra Pradesh, Telangana, Jharkhand, Madhya Pradesh, Rajasthan and Delhi.
Indian Railways targets raking in Rs 5,400 crore from scrap sale
Indian Railways targets Rs 5,400 crore from scrap sales in fiscal 2024-25, a 3.8% increase from the previous year. Railway units instructed to maintain a zero scrap balance and minimize aged scrap. Northern Railways aims for Rs 530 crore. Scrap includes various materials like rails, fixtures, locomotives, and nonferrous items.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 100.75 points up at 22520.7
Railways sets eyes on having 200 Gati Shakti Cargo terminals
These terminals are used for handling bulk cargo by corporates that have interlinkages with Indian Railways. The GCT operates for non-passenger commercial uses like freight. They are set up under a new policy that helps monetize vacant railway land. "Target for Gati Shakti Terminals will then be scaled upwards to 200 once 100 terminals are operational," a senior official told ET.
IRCTC shares up 0.14% as Nifty falls
The stock quoted a 52-week high price of Rs 1049.75 and low of Rs 569.15.
Vande Metro trial runs to begin in July 2024
The trains will focus on carrying passengers between large urban centres and satellite cities, running on existing tracks of Indian Railways. "Vande Metro trains are oriented towards high acceleration with frequent stoppages. These trains will have 12 coaches each, large automatic doors with side seats," an official working on the project told ET.
Travel by suburban trains daily? Get 3% extra value on Indian Railways smart card; how to recharge ATVM smart card online
Train travel: Suburban train tickets can be purchased online using unreserved ticket system (UTS). However if you want to avail 3% extra value then you may choose to use Indian Railways Smart Card. This smart card can be recharged online and can be acquired at just Rs 70 which includes Rs 50 as deposit money.
SAIL, IRFC among 46 stocks with double digit returns this week. SPARC, 82 others deliver negative returns
Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis.
Big beneficiaries of government focus on sectors like power & railways: 4 PSU stocks with focus on sectoral lending
One segment where upward movement in stocks has been seen with much more skepticism than any other sector has been the government owned “term lending institutions” or what is commonly referred to as sector specific lenders like REC, PFC. There are multiple reasons for this skepticism, right from the fact that these stocks have either been market underperformers or at best market performers in some phases. So, when they move upward sharply, questions are bound to come. But is the historical bias against PSU making one overlook the underlying changes which a cleaner sectoral growth can bring to?
Share market update: Most active stocks of the day in terms of traded value
The NSE Nifty index closed 150.4 points down at 22419.95
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 150.4 points down at 22419.95
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 38.7 points up at 22441.1
Bullet Train: Completion date depends on award of all tenders, says Railways in RTI reply
The Indian Railways is unable to determine the completion date for the Mumbai-Ahmedabad High Speed Rail Project (MAHSRP) due to the lack of awarding of work tenders. The National High Speed Rail Corporation Limited (NHSRCL) has stated that the completion date can be assessed after all tenders have been awarded. The project, launched in 2017, was initially scheduled to be ready by December 2023 but was delayed due to land acquisition issues and Covid-19.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 98.6 points up at 22466.6
IRCTC shares rise 1.65 per cent in Wednesday's trading session
The Relative Strength Index of the stock stood at 70.64 on Wednesday.
April train rush: Over 41 crore passengers travelled in first 21 days, says Railways
Indian Railways managed a surge in passengers with 41.16 Crores travelling by April 21. Special efforts were made during summer breaks, including improved amenities and crowd control measures to ensure passenger safety and satisfaction.
PSU rail stocks surge: Could Indian Railways IPO offer big gains?
A healthy primary market where deals are continuously being done is the key hallmark of a well-functioning economy, which is aspiring to grow fast.
IRCTC shares up 2.84% as Nifty gains
A total of 136,680 shares changed hands on the counter till 10:15AM (IST).
'Only first AC is left': Alarming video shows overcrowding in 2nd AC train coach
Users share experiences of confirmed seat issues in premium 2nd AC coaches, criticizing government inaction and inadequate public services, highlighting the need for resources for the masses beyond high-speed train projects.
Bullet train: Railway minister Ashwini Vaishnaw shares big update about tracks and speed. Watch video here
Railways Minister Ashwini Vaishnaw shared progress on the Mumbai-Ahmedabad Bullet Train project, highlighting the advancement of India's first ballastless track, capable of speeds up to 320 kmph. With 153 km of viaduct and 295.5 km of pier work completed, the project moves forward. Additionally, plans include installing anemometers for enhanced safety measures.
Share price of IRCTC jumps as Sensex gains 705.84 points
A total of 28,863 shares changed hands on the counter till 12:22PM (IST)
Atmanirbhar bullet trains a reality soon: Speed, timeline, routes and details
India has started building its own bullet train, a senior government official told ET. The Indian Railways' Integral Coach Factory (ICF) in Chennai is where the designs are currently being prepared. Around the world, high-speed trains are defined as those that travel at speeds greater than 250 kmph, like the Japanese Shinkansen and the French TGV.
Modi 3.0 mega plan for Railways, plans investment of Rs 10-12 lakh crore
Indian Railways' 100-day plan post-elections 2024 features passenger-friendly measures like a 24-hour ticket refund scheme, a 'super App', and PM Rail Yatri Bima Yojana, alongside investments, Vande Bharat trains, modernization, and expanded metro networks.
