Railway minister Suresh Prabhu discusses the steps being taken to increase the national transporter’s revenue and optimise its operational expenses, in an interview with Bilal Abdi and KG Narendranath. The minister also exp
ADA Group's Reliance Defence has signed a strategic partnership agreement with Ukraine-based ANTONOV for assembly, manufacture and MRO of Antonov platforms in India for both commercial as well as military aircraft.
Indian Railways, which could not meet its freight-loading and revenue budget targets for FY16, have initiated a slew of measures — cancellation of 10% port congestion surcharge, elimination of dual freight policy for iron o
IRCTC has performed well in FY16. Our overall revenue has witnessed a 31% jump and stands at approximately Rs 1,500 crore in FY16, our profit after tax has witnessed a 38% jump in FY16 to Rs 180 crore.
With the commissioning of the 51-km stretch between Durgawati and Sasaram on the Eastern Dedicated Freight Corridor, Adesh Sharma, Managing Director of Dedicated Freight Corridor Corporation of India (DFCCIL), has reasons to
Japan has agreed to fund 80% of the Mumbai-Ahmedabad bullet train project through a soft loan of Rs 79,000 crore at an interest rate of 0.1%, with a tenure stretching over 50 years and a moratorium period of 15 years.
After recording a dismal growth of 1% freight loading in FY16, Indian Railways has embarked on significant reforms in its freight policies in order to meet the budgeted incremental loading target of 50 million tonnes or 4.5%
In the new seat configuration, Vistara’s aircraft will have 8 business class seats compared to twice as many till now. The premium economy seats would be reduced by one-third to 24. This would mean that the aircraft would h
Thanks to the adoption of competitive bidding route for buying electricity, Indian Railways (IR) is expecting annualised savings of `3,000 crore starting 2016-17 in maintaining the current level of traction.
In a departure from its current practice, state-owned carrier Air India has decided that in the future, it will hire all pilots on contract, thus doing away with the permanent-employee status for them.
The railway ministry has asked the finance ministry to share the cost of its Public Service Obligations (PSO) in 2016-17 till a permanent mechanism is devised for accounting the PSO without undue onus on the transporter.