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Railway ministry approves Rs 206 crore for Kavach installation on 680 route km in Northern Zone
Indian Railways approved Kavach Version 4.0 installation on 680 route kilometers. This safety system will be deployed on Rewari-Delhi and Shakurbasti-Bathinda sections. The project has been approved at a cost of Rs 206 crore. Kavach aims to prevent train collisions and signal passed at danger incidents. This deployment will strengthen safety and improve operational efficiency across these routes.
Indian Railways approves Rs 175 crore project for additional electric locomotive homing facilities at Raipur
Indian Railways has approved a Rs 175 crore project for new locomotive facilities. These new facilities will accommodate 250 three-phase electric locomotives at Raipur. The project aims to strengthen maintenance infrastructure for expanding operations. This initiative will enhance the utilization of existing railway infrastructure. It also creates space for future technological advancements at the depot.
Indian Railways approves Rs 206 crore Kavach deployment on 680 route km of Northern Railway
Indian Railways approved Kavach Version 4.0 deployment on 680 route kilometers. This automatic train protection system will be installed on Rewari-Delhi and Shakurbasti-Bathinda sections. The project, costing Rs 206 crore, aims to enhance train safety and operational efficiency. Kavach prevents signal passing incidents and train collisions, ensuring reliable operations. Deployment will support faster movement of passenger and freight trains across these important routes.
Q1 Results Live Updates: Elecon Engineering Profit Falls 60%; L&T Finance, Justdial In Focus
Big names that are set to declare results on July 10 include L&T Finance Ltd., Bank of Maharashtra, Elecon Engineering Company Ltd., Indian Bank and Just Dial.
India continues to emerge as preferred destination for Global Capability Centres, says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has said India continues to emerge as a preferred destination for Global Capability Centres (GCCs) because of its skilled and strong institutions and innovation ecosystem. Addressing the CII National GCC Business Summit in New Delhi, the Finance Minister said, the country hosts more than 2100 GCCs employing 23 lakh professionals directly and generating nearly 100 billion US dollars in annual revenue. She said Global Capability Centres represent transformation by bringing together engineering, research, artificial intelligence, cybersecurity, finance, product design, and data science to drive continuous innovation. Ms Sitharaman said, MNCs are now more likely to build their next capability centres in India than anywhere else. She highlighted that Indias GCC ecosystem represents the worlds largest organised knowledge export. The Finance Minister said, Indian GCCs are assuming a growing share of global leadership mandates and strategic decision-making
Top 5 Indian Railway Stocks in 2026: IRFC, RVNL & More - Sahi
Top 5 Indian Railway Stocks in 2026: IRFC, RVNL & MoreSahi
FM Sitharaman exhorts toymakers to aim for a fourth of global market share
Finance Minister Nirmala Sitharaman encouraged the toy industry to capture a quarter of the global market. She highlighted government policies and trade agreements supporting this ambitious goal. Domestic toy exports have significantly increased, while imports have sharply declined. The minister emphasized the importance of branding and quality product creation for success. Support programs are empowering Indian toy manufacturers to compete internationally.
M-cap of 6 of top-10 most valued firms surges Rs 1 lakh cr; Airtel, Bajaj Fin top winners
In the last week, Indian stock markets thrived, witnessing a remarkable Rs 1 lakh crore increase in the combined market valuation of six leading companies. The surge was largely attributed to Bharti Airtel and Bajaj Finance, which capitalized on favorable equity trends and robust domestic economic signals. Even though a few prominent firms faced valuation declines, overall market sentiment remained positive, buoyed by optimism surrounding global monetary policies.
Kernex Microsystems commissions upgraded Kavach system on North Central Railway
As reported by Indian Railways, the upgraded Kavach Version 4.0 supports train operations at speeds of up to 130 kmph (in the newly commissioned 207 route kilometres). With this, the total Kavach Version 4.0 coverage in the North Central Railway has increased to 652 route kilometres, of which 572 route kilometres have been executed by KERNEX.
BoB, Mizuho Bank forge partnership to enhance collaboration in M&A financing
Bank of Baroda has joined forces with Japan's Mizuho Bank to boost their capabilities in mergers and acquisitions financing. This collaboration leverages Mizuho's global reach and structured finance expertise with BoB's strong Indian market presence and corporate ties. The partnership aims to enhance joint origination, structuring, and syndication of acquisition financing, alongside M&A advisory and risk distribution, promising a significant boost for cross-border deals.
Churn at private banks' finance function, 2 CFOs quit
A significant reshuffle is underway in the finance departments of major Indian banks. Axis Bank and Bandhan Bank have seen their Chief Financial Officers resign, sparking speculation about future leadership. This follows another high-profile departure from HDFC Bank. Industry insiders suggest a potential move for one CFO to HDFC Bank, while another might step into the Axis Bank role, creating an unusual churn ahead of financial results.
Centre Raises Rs 2,100 Crore From Share Sale Of IRFC
The OFS for IRFC closed with an enthusiastic response from the retail investors.