A 10-member cartel rigged tenders & caused huge losses to the #Railways for nearly a decade.
Instead of penalising the firms, #CCI—India’s fair-trade regulator, let them off with a warning.
We piece together a stunning case. ⬇️
https://www.moneycontrol.com/news/business/economy/cci-order-cartel-rigged-railway-tenders-tvs-escorts-with-warning-5869331.html?utm_source=telegram&utm_medium=social
Instead of penalising the firms, #CCI—India’s fair-trade regulator, let them off with a warning.
We piece together a stunning case. ⬇️
https://www.moneycontrol.com/news/business/economy/cci-order-cartel-rigged-railway-tenders-tvs-escorts-with-warning-5869331.html?utm_source=telegram&utm_medium=social
Moneycontrol
Citing COVID-19 pain, CCI lets off cartel that rigged Railway tenders with a warning
India’s fair-trade regulator had the option of heavily penalising a 10-member cartel that includes units of Escorts and TVS because it had conclusive proof of them rigging Railways bids of roughly Rs 2,000 crore. Instead, they were let go with only a warning.
The Indian Railways plans to invest Rs 50,000 cr in the next 5 years to develop 500 multi-modal cargo terminals under the #PMGatiShakti programme, Minister of Railways Ashwini Vaishnav said at a press conference.
Read at
https://www.moneycontrol.com/news/business/gati-shakti-plan-indian-railways-to-spend-rs-50000-crore-to-set-up-500-multimodal-hubs-union-minister-ashwini-vaishnaw-7583661.html
#Covid19 #investment #Railways
Read at
https://www.moneycontrol.com/news/business/gati-shakti-plan-indian-railways-to-spend-rs-50000-crore-to-set-up-500-multimodal-hubs-union-minister-ashwini-vaishnaw-7583661.html
#Covid19 #investment #Railways
Moneycontrol
Gati Shakti Plan | Railways To Spend Rs 50,000 Crore To Set Up 500 Multimodal Hubs
The terminals to provide integrated and seamless connectivity for the movement of people, goods, and services from one mode of transport to another. It will facilitate the last-mile connectivity of infrastructure and reduce travel time.
#MCExclusive ⚡️ In case of listed state-owned companies, they should be mindful of the interests of minority shareholders: DIPAM Secretary after the Ministry of #Railways withdrew its decision on #IRCTC convenience fee.
Read at 👇
https://www.moneycontrol.com/news/business/markets/exclusive-irctcs-minority-shareholders-hold-paramount-importance-dipam-secretary-7648461.html?utm_source=telegram&utm_medium=social
Read at 👇
https://www.moneycontrol.com/news/business/markets/exclusive-irctcs-minority-shareholders-hold-paramount-importance-dipam-secretary-7648461.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive | DIPAM Secretary Stresses On The Interests Of IRCTC's Minority Shareholders
It was Tuhin Pandey, and not the Ministry of Railways, who announced the reversal. “Ministry of Railways has decided to withdraw the decision on IRCTC convenience fee,” he tweeted.
The voice of the investor became loud and clear on Oct 29 with #Railways having to roll back its decision to collect half of the convenience fee collected by
#IRCTC.
Why did the stock tank? Who decides the charge? We demystify the saga 👇
https://moneycontrol.com/news/business/irctc-railways-convenience-fee-kerfuffle-why-did-the-stock-tank-who-decides-the-charge-and-other-questions-answered-7653471.html?utm_source=telegram&utm_medium=social
#IRCTC.
Why did the stock tank? Who decides the charge? We demystify the saga 👇
https://moneycontrol.com/news/business/irctc-railways-convenience-fee-kerfuffle-why-did-the-stock-tank-who-decides-the-charge-and-other-questions-answered-7653471.html?utm_source=telegram&utm_medium=social
Moneycontrol
IRCTC-Railways convenience fee kerfuffle: Why did the stock tank, who decides the charge and other questions answered
The decision to withdraw the revenue sharing announcement came on Twitter first, from the secretary of DIPAM, and seemed like a knee-jerk response to the stock hammering that IRCTC suffered. But it remains to be seen whether Indian Railways in its hunt for…
As #IndianRailways seeks to attract more cargo from the roads, it's considering innovations with #containers & the boxes that can change the way small businesses use #RailTransport
Mamuni Das ✍️ at
https://www.moneycontrol.com/news/business/gati-shakti-boxes-and-indian-railways-strategy-to-woo-more-cargo-7863591.html
#Railways #Transportation #Cargo #Import #Export
Mamuni Das ✍️ at
https://www.moneycontrol.com/news/business/gati-shakti-boxes-and-indian-railways-strategy-to-woo-more-cargo-7863591.html
#Railways #Transportation #Cargo #Import #Export
Moneycontrol
Gati-Shakti boxes, and Indian Railways’ strategy to woo more cargo
These boxes can change the way small businesses use rail transport, and can increase the revenue of the national transporter considerably
The Centre is likely to announce a roadmap for the merger of six #PSUs under the Ministry of #Railways in Budget 2022-23, starting the process for a radical restructuring of these organisations, reports Yaruqhullah Khan.
Read at https://www.moneycontrol.com/news/business/budget-2022-govt-likely-to-set-roadmap-for-railway-psus-merger-7886171.html?utm_source=telegram&utm_medium=social
Read at https://www.moneycontrol.com/news/business/budget-2022-govt-likely-to-set-roadmap-for-railway-psus-merger-7886171.html?utm_source=telegram&utm_medium=social
Moneycontrol
Budget 2022: Govt likely to set roadmap for railway PSUs merger
Rail Vikas Nigam is to merge with Indian Railway Construction, RailTel with Indian Railway Catering and Tourism and Braithwaite with Rail India Technical and Economic Services.
#Budget2022WithMC: #IRFC, the market borrowing arm of Indian #Railways, is budgeted to borrow Rs 66,500 crore in the financial year 2022-23.
Read more at 👇
https://www.moneycontrol.com/news/business/budget/budget-2022-irfc-to-borrow-rs-66500-crore-in-fy-2022-23-8021141.html?utm_source=telegram&utm_medium=social
Read more at 👇
https://www.moneycontrol.com/news/business/budget/budget-2022-irfc-to-borrow-rs-66500-crore-in-fy-2022-23-8021141.html?utm_source=telegram&utm_medium=social
Moneycontrol
Budget 2022 | IRFC to borrow Rs 66,500 crore in FY2022-23
By proposing to electrify 6,500 km of routes in the financial year 2022-23, Indian Railways has moved a few steps closer to its target of completely electrifying its network.
In addition to the RFID tags, the Indian #Railways will install #GPS in wagons to ensure real-time #tracking and preventing artificial shortage.
Read more 👇
https://www.moneycontrol.com/news/india/after-rfid-tags-railways-to-install-gps-in-wagons-for-real-time-tracking-preventing-artificial-shortage-report-8155441.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/india/after-rfid-tags-railways-to-install-gps-in-wagons-for-real-time-tracking-preventing-artificial-shortage-report-8155441.html?utm_source=telegram&utm_medium=social
Moneycontrol
After RFID tags, Railways to install GPS in wagons for real-time tracking, preventing artificial shortage: Report
The Railways is expected to install RFID tags in all wagons by the 2022-end. This, combined with the GPS, will minimise the scope of artificial shortage and lead to optimum utilisation, an official reportedly said.
The ministry of #railways is set to sweeten the bidding conditions for potential operators of private #trains in a second attempt to attract bidders.
Read more 👇
https://www.moneycontrol.com/news/business/railways-plans-grievance-redressal-panel-easier-investment-norms-for-private-train-operators-8194731.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/railways-plans-grievance-redressal-panel-easier-investment-norms-for-private-train-operators-8194731.html?utm_source=telegram&utm_medium=social
Moneycontrol
Railways plans grievance redressal panel, easier investment norms for private train operators
A fresh round of bidding is set to open soon with investor-friendly conditions after the first round was scrapped owing to poor response.
The procurement of propulsion of 58 more #VandeBharat trains is under way, according to the #railways ministry.
Read more 👇
https://www.moneycontrol.com/news/business/railways-chugs-on-the-fast-track-towards-400-energy-efficient-vande-bharat-express-trains-8274811.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/railways-chugs-on-the-fast-track-towards-400-energy-efficient-vande-bharat-express-trains-8274811.html?utm_source=telegram&utm_medium=social
Moneycontrol
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#Business | Govt mulls 5-7% stake sale in CONCOR after lukewarm response to strategic plan. Options include offer for sale or QIP for the sale. 📉
Read more on this🔽
https://www.moneycontrol.com/news/business/govt-may-opt-for-5-7-stake-sale-in-concor-after-tepid-response-to-strategic-sale-plan-12760457.html#google_vignette
#CONCOR #strategicsale #landleasing #railways
Read more on this🔽
https://www.moneycontrol.com/news/business/govt-may-opt-for-5-7-stake-sale-in-concor-after-tepid-response-to-strategic-sale-plan-12760457.html#google_vignette
#CONCOR #strategicsale #landleasing #railways
Moneycontrol
Govt may opt for 5-7% stake sale in CONCOR after tepid response to strategic sale plan
The government is understood to be considering options like offer for sale or qualified institutional placement (QIP) for the stake sale.