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Saturday, July 04, 2009
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RAILWAY BUDGET: Mamata leaves passenger fares, freight rates untouched
Spares customers ambiguous cost increases and discounts. New Delhi, July 3 Transparently honest. That’s what Ms Mamata Banerjee’s Rail Budget for 2009-10 would seem to ...

RAILWAY BUDGET: Monsoon, rail budget give stocks a boost
Mumbai, July 3 The domestic stock indices moved up sharply by 1.7 per cent each on Friday, the last trading session before the presentation of the Budget ...

RAILWAY BUDGET: Analysts see Friday’s populism on Monday too
Mumbai, July 3 Marketmen welcomed the Railway Budget of Friday saying that the “populist” Budget has given slight hints of what the General Budget on Monday could ...

RAILWAY BUDGET: Is Mamata plan more realistic than Lalu’s?
New Delhi, July 3 Ms Mamata Banerjee, at one level, seems to be a more realistic Railway Minister compared to her predecessor, Mr Lalu ...

INFORMATION TECHNOLOGY: Railways ropes in Pitroda to head cable network panel
Move aims at tapping revenue potential, taking IT to villages. New Delhi, July 3 The man who is widely believed to have kick-started the telecom revolution in India — Mr Sam Pitroda — will now help the Railways better use its optical ...

RAILWAY BUDGET: IRFC allowed to float tax-free bonds for Rs 5,000 cr
May borrow Rs 9,000 cr totally this fiscal. New Delhi, July 3 For the first time since 2003-04, the Indian Railway Finance Corporation (IRFC) has been permitted to issue tax-free bonds as part of its budgeted borrowing programme of Rs 9,000 ...

ROADWAYS: Sikkim keen on quality in Nathu La road project
The Sikkim Chief Secretary, Mr N.D. Chingapa, has urged the Project Swastik of the Border Roads Organisation (BRO) to ensure that the ‘quality and milestones’ are met and expressed his satisfaction over the road widening process ...

INSIGHT: Rail Budget: Long on passengers and short on freight
The Rail Budget for 2009-10 presented in Parliament reflects the importance the Government attaches to inclusive growth. So far as the Railways is concerned, the main interface is with the passenger and, hence, the Railway Minister, Ms ...

RAILWAYS: Wagon producers hope target procurement is met this year
Projected GDP growth could mean additional freight throughput. Kolkata, July 3 Not everyone in the wagon industry is ecstatic over the Railway Minister’s proposal for procurement of a larger number of wagons in ...

RAILWAY BUDGET: Opportunities for realtors in land bank use
New Delhi, July 3 Real estate developers see a strong business opportunity emerging from Railways’ plans to develop 50 world class stations, 375 ‘Adarsh stations’ as well as its intention of putting land banks to commercial ...

RAILWAY BUDGET: Steel industry not impressed
New Delhi, July 3 The steel industry seems unmoved by the Rail budget. While welcoming “a people friendly” budget which announced no increase in passenger fares or freights, Mr Sajjan Jindal, Vice-Chairman and ...

RAILWAY BUDGET: Rlys to identify partner for Bengal thermal power station
Kolkata/New Delhi, July 3 Indian Railways will shortly identify the joint venture partner for its proposed 1,000 MW thermal power station at Adra in the tribal-dominated Purulia district of West Bengal bordering ...

RAILWAY BUDGET: Realistic track
The Railway Minister Ms. Mamata Banerjee’s first Budget turned out to be a routine one full of populist rhetoric and promises of upgradation of services and network infrastructure. There are a few plans however that mark this Budget out ...

RAILWAY BUDGET: India Inc has little to complain
Mumbai, July 3 The Railway Budget has gone down well with India Inc though there are not too many goodies ...

RAILWAY BUDGET: Eastern Industrial Corridor proposed
New Delhi, July 3 The Rail Budget on Friday proposed an Eastern Industrial Corridor alongside the Eastern Dedicated Freight Corridor. In her speech, the Railway Minister, Ms Mamata Banerjee, said that the proposed industrial corridor in the ...

RAILWAY BUDGET: Dish TV sees green signal in infotainment promise
New Delhi, July 3 The Railway Budget’s promise to introduce infotainment services on select trains has Dish TV excited. Essel’s Direct to Home company has been running trials with the Indian Railways for a while to offer ...

RAILWAYS: Train extension to Kannur to bring down Mangalore quota
Mangalore, July 3 At a time when people of Mangalore were expecting the introduction of a day train for passenger movement between Mangalore and Bangalore, the extension of the existing night train between Bangalore and Mangalore to Kannur ...

RAILWAY BUDGET: Proposals could benefit wagon manufacturers
Railway-related stocks may not see major upside from here. After the heightened expectations in the run up to the Railway Budget, the announcements made on Friday may have come as ...

RAILWAY BUDGET: Verbatim
A very competent job in a short period of time. She has presented a Budget without imposing any burden by way of increase in freight charges or passenger fare. At the same time she has in keeping with our party’s election promise focused ...

INDUSTRY ASSOCIATIONS: TAAI names chairman of AP chapter
...






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Markets (July 03)
Nifty (at close)4,424.25(+75.40)
US Dollar (Buy/Sell)47.89/90
Brent crude (a bbl) Rs3,132
Gold (a gram) Rs1,350
Silver (a kg) Rs22,390

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