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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 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.
Emirates to deploy A380 on Delhi route from October; expands Premium Economy to 6 Indian cities
Emirates will introduce its A380 aircraft on the Dubai-Delhi route starting October 25. This move expands the airline's double-decker service to a third Indian city. Premium Economy will also become available on six Indian destinations by month's end. The airline cites strong demand as a reason for these network enhancements. Emirates is also opening new retail travel stores and a call centre in India.
Foreign investors pour record ₹41,773 crore into Indian govt bonds in June on index hopes, tax relief
Foreign portfolio investors made a record net investment of ₹41,773 crore in government securities under the RBI's Fully Accessible Route in June, driven by tax changes, expectations of wider global bond index inclusion and growing appetite for Indian debt.
Bharti Airtel expands mobile network coverage along Amarnath Yatra pilgrimage
Bharti Airtel today announced the expansion of its mobile network along the Amarnath Yatra pilgrimage, further strengthening connectivity for pilgrims, security personnel, and local authorities in the region. By deploying network sites at Chandanwari, Pissu Top, and Betaab Valley, Airtel has established network coverage along the crucial Pahalgam route, in addition to its existing presence at Baltal, thus providing uninterrupted connectivity leading up to the holy Amarnath cave shrine.
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.
Stock Alert: Route Mobile, Bharti Airtel, Hero MotoCorp, V2 Retail, NMDC
Bharti Airtel said its subsidiary, Airtel Money has commenced commercial operations as a Type II non-deposit accepting non-banking financial company (NBFC).
Oil finds its way: Supertankers return to Persian Gulf
Supertankers are once again navigating the Strait of Hormuz, a crucial oil route, following a period of disruption due to recent Iran conflict. Shipping data indicates a significant increase in commodity vessel traffic, including oil tankers, signalling renewed confidence among shipowners. This return of large carriers, with a combined capacity of millions of barrels, is vital for global energy markets as hostilities ease ahead of peace talks.
GIP-backed Pristine Logistics takes confidential route to IPO; picks Axis, CLSA, SBI as book managers
The proposed listing of Pristine fits the pattern of infrastructure asset monetization in India, where a record ₹12.2 trillion government capital expenditure budget is drawing attention from global private equity and infrastructure funds, including GIP, Actis and Macquarie
INR settles higher as global crude oil prices continue to slide
The Indian rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. Indian shares gave up some early gains to end modestly higher on Thursday. Underlying sentiment remained underpinned somewhat as oil prices extended declines to levels seen before the Middle East conflict on signs of improving flows through the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies.
Iran's IRGC Warns Ships Using New Hormuz Route Face Danger
IRGC warned ships against using new Hormuz routes, raising fresh concerns over global oil flows.
IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe option
The government’s offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.86 times on Wednesday. Following the robust demand, the Centre will exercise the greenshoe option, allowing it to sell an additional 1% stake in the railway financing company through the OFS route.