Railways plans to add 4 lakh berths by leaving power cars

New Delhi (IANS) The Indian Railways which carries over 12 lakh passengers every day, aims to provide four lakh more berths for passengers every day from October when it will adopt the technology to generate power from the locomotives instead…

Markets open on positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday after opening on a negative note turned positive soon after.

The Sensex of the BSE opened at 38,701.99 points and touched a high of 38,854.85 points. The Sensex touched a low…

After banks, govt may recapitalise PSU insurers prior to restructuring

New Delhi (IANS) After banks, the government may capitalise public sector general insurers this year to improve their finances and get them ready for the next wave of restructuring.

Sources in the Finance Ministry said that management consultancy…

Sebi seeks IndiGo reply on promoter's grievances

Mumbai (IANS) Market regulator Sebi has sought a response from budget passenger carrier IndiGo on the alleged grievances raised by one of its promoters, Rakesh Gangwal.

According to IndiGo's regulatory filing: "... we inform you that…

Sensex down 209 pts, Nifty at 11,481

Mumbai (IANS) Sensex and Nifty fell during the early trade on Tuesday as the streets continued to react negatively to the Budget proposal.

This is the third straight session of loss after the Union Budget was proposed on Friday.

The…

Tejas is 1st Lucknow-Delhi train to be run by private players

Lucknow (IANS) The first train, operated by private players, to be run between Lucknow and Delhi will be the Tejas Express.

The Railway Board is deliberating on a second such route, which too would be within the 500-km range.

Sensex, Nifty tank over 2%; PNB down 10.5%

Mumbai (IANS) Selling intensified in the final hour of the trade on Monday as both key equity indices fell by over 2 per cent as weak global cues added to poor investor sentiment on Friday's Budget proposals.

At 3.06 p.m., the Sensex was…

Sensex down 420 points; auto, banks stock lose

Mumbai (IANS) The Sensex and Nifty lost over 1 per cent during the early trade on Monday following the tabling of the Union Budget on Friday.

Nifty PSU Bank index and Nifty auto index fell the most among the 11 sectors.

At 9.47 a.m.,…

PSUs may be allowed to retain tag even if government holding falls

New Delhi (IANS) The Centre plans a major overhaul of the definition of state-run companies where an entity will continue to qualify as a public sector undertaking (PSU) even if the government in it holding falls below 51 per cent.

In an interview…

Garg indicates PSBs, PSUs may get more time to comply with 35% listing norm

New Delhi (IANS) Government may seek more time from market regulator SEBI for public sector enterprises and state-owned banks to comply with changes in the minimum public shareholding norms for listed companies proposed in the budget, Finance Secretary…