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.

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.

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.

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.

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.

ID proof not required to book Tatkal ticket from September 1

Last Updated: Friday, July 17, 2015, 20:38

Passengers booking tatkal train tickets would not be required to produce identity proof anymore as Railways have decided to discontinue with this provision.

SMS-based alert service on cancellation of trains

Last Updated: Thursday, June 25, 2015, 22:50

Railaways has introduced a pilot project to help passengers from any inconvenience, however, the service in beginning is only available to passengers boarding trains at originating stations.

States to be involved in execution of rail projects: Prabhu

Last Updated: Tuesday, April 21, 2015, 23:02

With an aim of making railways an engine of growth, Railway Minister Suresh Prabhu Tuesday vowed d to involve states in execution of projects as he pitched for big investments for the turnaround of the "bleeding" and "sinking" largest transporter of the country.

CBI suspects scam of over Rs 4,000 crore in railways

Last Updated: Monday, April 20, 2015, 23:18

Sniffing a major scam of at least Rs 4,000 crore in the railways, CBI is likely to file a case soon into alleged under-reporting of the actual weight of loaded goods wagons through the manipulation of software by officials.