Oracle bribed railway officials in India: SEC
Oracle Corporation will pay a fine of $23 million to settle charges levelled by the US Securities and Exchange Commission (SEC) for bribing foreign officials.
indian railways
September 2022
August 2022
April 2022
February 2022
December 2021
Railways' revenue zooms 38% to ₹95,487 cr till Aug on rise in passenger traffic
Growth from long-distance reserved mail express trains is sharper than in passenger, suburban trains. Other coaching revenue up by 50%, goods revenue by 20%, sundry revenue by 95%
IRCTC plans to monetise rail ticketing data; stock jumps 5%
Last month, IRCTC floated an e-tender for the appointment of a consultant for data monetisation of the Indian Railways
CAG slams dedicated freight corridor delays
CAG has stated that in four sections, Dedicated Freight Corridor Corporation of India had to incur ₹2,233.81 crore till March 2021 towards price escalation.
Indian Railways lines up ₹30,000 crore mega wagon procurement plan
The railway ministry is expected to soon float tenders for the procurement of the freight wagons.
Budget 2022: Record 28% hike in Railways GBS at ₹1,37,000 crore for FY23
Budget documents also reveal that the gross budgetary support for the current financial year has been revised upwards.
Budget 2022: Faster Vande Bharat trains, new cargo terminals on cards; here’s how rail stocks react
Budget 2022: FM announced that 100 PM Gati Shakti cargo terminals to be developed, and 400 Vande Bharat trains to be built in the next three years.
Budget 2022: Five railways-related stocks to focus ahead of Budget 2022
The rail stocks likely to be in focus today include IRCTC, Titagarh Wagons, Texmaco Rail and Engineering, BEML, and Siemens.
CAG to Railways: FY20 accounts faulty, surplus is actually loss
References pertain to fiscal 2019-20 when current commerce minister Piyush Goyal was also the railways minister.
Record infra spend by Indian Railways; capex up 64%
In capex utilisation to budgetary allocation, railway ministry logged a 56% achievement in April-October FY22, against 52% in the year-ago period.
