FDI in railways: GE, Alstom ahead in race for bagging loco projects in Bihar

Last Updated: Tuesday, September 1, 2015, 23:29

GE and Alstom are believed to be ahead of other bidders in the race to bag contracts for the setting up of multi-crore diesel and electric locomotive factories in Bihar that are among the top eight infrastructure initiatives which are being monitored by the PMO.

FDI in railways: Three global cos bid for setting up loco factory

Last Updated: Monday, August 31, 2015, 23:02

Marking first major FDI offer in the railways, three global companies have submitted financial bids for setting up of a modern electrical locomotive factory in Madhepura in Bihar at the cost of nearly Rs 1300 crore.

Railways to procure sensor devices to detect defects on tracks

Last Updated: Sunday, August 30, 2015, 11:19

In order to prevent catastrophic damages to its assets, Railways is going for offshore procurement of high-powered sensor-based equipment, a first-of-its-kind for the public transporter, to detect defects on tracks and rolling stock.

Suresh Prabhu invites foreign investment in manufacturing

Last Updated: Saturday, August 29, 2015, 14:49

Railway Minister Suresh Prabhu Saturday invited other countries to make India their base for manufacturing as the government would be investing USD 120 billion over the next five years to develop railway services.

Railway Recruitment Board (RRB) Ahmedabad invites applications for 651 posts

Last Updated: Wednesday, August 26, 2015, 13:39

The Railway Recruitment Board (RRB), Ahmedabad has invited applications for various Non- Technical categories under Special Recruitment Drive for Persons With Disabilities (PWD).

Ratan Tata to chair second Kaya Kalp meet Tuesday

Last Updated: Monday, August 24, 2015, 23:00

Noted industrialist and Tata Group's chairman emeritus Ratan Tata will hold the second meeting of Kaya Kalp council here Tuesday.

Optimistic about $20 trillion economy size in 20 years: Prabhu

Last Updated: Friday, August 21, 2015, 20:48

Union Railway Minister Suresh Prabhu on Friday said he was optimistic about the Indian economy growing to USD 20 trillion in size over the next 20 years.

Ratan Tata to hold second Kaya Kalp meeting on Aug 25

Last Updated: Tuesday, August 18, 2015, 22:32

Aiming at improving railway service by removing bottlenecks, noted industrialist and Tata Group's chairman emeritus Ratan Tata will hold the second meeting of Kaya Kalp council here on August 25.

China to accelerate railway investment

Last Updated: Monday, August 17, 2015, 11:40

On Monday, China`s northernmost high-speed railway started operation in Heilongjiang Province. The trip from Harbin City, the provincial capital, to Qiqihar City was reduced from three hours to 85 minutes, reported Xinhua.

IRFC to issue Rs 6000 cr tax-free bonds

Last Updated: Monday, August 10, 2015, 19:03

Indian Railway Finance Corporation (IRFC) would raise Rs 6,000 crore through tax-free bonds in the current fiscal, Lok Sabha was told Monday.

Railways to declare quarterly numbers; Q1 CAPEX soars 134%: Prabhu

Last Updated: Monday, August 10, 2015, 17:47

In a first, the Railways has decided to declare its quarterly financial numbers for three months till June, which shows that the national transporter's capital expenditure soared a whopping 134 percent to Rs 17,734 crore from the projected Rs 13,231 crore.

Suresh Prabhu rolls out red carpet eyeing Rs 1 trillion investment annually in railways

Last Updated: Friday, August 7, 2015, 23:16

Railway minister Suresh Prabhu Friday asked foreign funds and domestic investors to replicate with the railways their success in the telecom, power and road sectors as the national transporter needs a whopping Rs 1 trillion in funds this year and Rs 8.5 trillion over the next five years.