Last Updated: Thursday, February 26, 2015, 21:20
Railway Minister Suresh Prabhu`s maiden budget failed to garner investor confidence, as a majority of stocks associated with the railways plunged in Thursday`s trade session.
Last Updated: Thursday, February 26, 2015, 19:57
Bharti Airtel has raised Rs 1,925 crore (approximately USD 310 million) by selling 55 million shares in its subsidiary Bharti Infratel Limited in an equity market transaction, a company statement said here Thursday.
Last Updated: Thursday, February 26, 2015, 19:33
Suresh Prabhu's maiden Railway budget is high on vision and small announcements, but could push up cost of logistics that can hurt initiatives like the 'Make in India' campaign, analysts said today.
Last Updated: Thursday, February 26, 2015, 18:22
Terming the Rail Budget as "pragmatic", India Inc today welcomed the larger role envisaged for the private sector and said various measures proposed would bring in higher efficiency and improve ease of doing business.
Last Updated: Thursday, February 26, 2015, 18:20
Stocks of cement, fertiliser and steel companies suffered losses today following the proposal to hike rail freight by up to 10 percent amid concerns that the firms will not be able to fully pass on the higher rates.
Last Updated: Thursday, February 26, 2015, 18:12
In restricted activity, gold prices eased by Rs 20 to Rs 27,050 per ten gram at the bullion market today owing to low demand from jewellers and retailers even as the metal strengthened overseas.
Last Updated: Thursday, February 26, 2015, 17:44
An official of state-run miner Coal India said that the impact of freight rate hike would be on the landed cost of coal.
Last Updated: Thursday, February 26, 2015, 17:40
In 2014-15 (revised estimate), the revenue from movement of goods will rise to Rs 1,06,927 crore from Rs 93,095 crore in the previous year, according to the Rail Budget document.
Last Updated: Thursday, February 26, 2015, 17:30
He said the budget is a watershed moment for the railways, marking a paradigm shift from mere announcement of number of trains to a comprehensive railway reform.
Last Updated: Thursday, February 26, 2015, 17:21
Share prices of companies that cater to the railway sector plunged by up to 7 per cent today after the Rail Budget 2015-16 failed to boost investors' sentiment.
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