Source: The Economic Times, Apr 25, 2012
NEW DELHI: French defence, aerospace and technology giant Thales sees a huge opportunity in India’s public transport sector and plans to bid for upcoming metro and rail projects across the country, either independently or as a consortium.
The company, which set up the ticketing system for Delhi metro, is also looking to upgrade the communication and security systems of Indian Railways.
Source: Business standard, Mar 07, 2012
New Delhi: Days before the Budget, the railways have effected major changes in freight slabs, which would result in a 20-25 per cent rate increase over the same distance. Also, by abolishing the classification for fertilisers and food grains and bringing them under a higher slab, the railways have raised freight rates for these commodities. Read the rest of this entry »
Source: The Economic Times, Feb 03, 2012
NEW DELHI: The Indian Railways, having details of the track access charge for the upcoming freight corridor, will approve the model concession agreement soon.
“The agreement has already been approved by the law ministry and the components have been formulated,” said an official of the Dedicated Freight Corridor Corporation of India .
Source: Business Standard, July 15, 2011
New Delhi: UK-based Air Charter Service Plc, which operates in the US, Europe, South Africa and parts of Asia, is planning to enter India. The company proposes to set up shop in the country for aircraft charter brokering business.
Source: The Economic Times, Jun 13, 2011
Kolkata: Logistic service provider TNT Express has launched a dedicated B767 freighter service between India and Europe. The service will run five times a week between New Delhi and TNT’s European air hub in Belgium, with a stopover in Dubai on the way back to India. The new service will enable TNT Express customers to enjoy faster transit times for shipments moving between India and Europe.
Source: The Economic Times, Apr 21, 2011
NEW DELHI: The Delhi Metro authority has learned from the experience of thousands of commuters who get crushed in rush hour crowds on most lines. It now plans to introduce nine-coach trains in the two new lines coming up under phase III of Metro expansion, which will be able to carry 2,600 passengers on a single journey.
Source: The Economic Times, Apr 13, 2011
New Delhi: The Delhi government gave the approval for Phase III of the Delhi Metro network on Monday, paving the way for the Centre to give its sanction to the project plan.
Source: The Economic Times, Apr 12, 2011
CHENNAI: Private equity giant Warburg Pincus India is investing $100 million in Chennai-based logistics firm Continental Warehousing Corporation (Nhava Seva) Ltd, a flagship company of the NDR Group.
Source: Business standard, Mar 31, 2011
New Delhi: The government plans to put in place a mechanism for regulating the restrictive trade practices in the shipping sector, especially the ones which impact containerised trade. The enabling provision for the mechanism would be part of the proposed Shipping Trade Practices Act.
The Ministry of Shipping that has drafted the Bill has circulated a Cabinet note for comments of other ministries.
Source: Business Standard, Mar 25, 2011
Kolkata/Raipur: Bhilai Steel Plant (BSP), the flagship entity of the Steel Authority of India Limited (SAIL), has bagged a fresh order of exporting rails to Sri Lanka.
The order of about 14,000 tonnes is for the UIC-60 grade of rails that BSP has been rolling since 1970s, company’s spokesperson said. Earlier, the company had received an order to supply 6,500 tonnes of rails to Sri Lanka.
