For Indian Railways, a dedicated freight corridor has a long way to go:
By: RC Acharya | Published: April 25, 2017 6:25 AM
The need for for the Dedicated Freight Corridor (DFC) arose from the fact that two decades of populist Rail Budgets had ended up introducing 5,000 new passenger trains, crowding out the freight, whose average speed had dropped to an abysmal 25kph.
As a result, Railways’ share of freight business (70% in 1980-81), dropped to 30%, severely impacting its revenues, profitability and capability to finance growth (see more)
Allcargo Logistics inks pact with Concor for rail connectivity:
By PTI Feeds | Published: April 24, 2017 8:23 PM IST
New Delhi, Apr 24 (PTI) Integrated logistics solutions providers Allcargo Logistics has inked a pact with Container Corporation of India (Concor) in a bid to ensure faster transportation and enhance service offerings to customers by rail for EXIM trade.
“This partnership entails Allcargo to transport its containers on Concor rakes between JNPT to TIHI (Indore),” Allcargo Logistics said in a statement (see more)
Cochin Shipyard,Prataap Snacks,Tejas get Sebi go-ahead for IPO:
Mon, 24 Apr 2017-07:13pm , PTI
As many as three firms — Cochin Shipyard, Prataap Snacks and Tejas Networks — have received markets regulator Sebi’s approval to raise an estimated over Rs 2,300 crore through initial public offerings.
The three companies had filed their draft red herring prospectus (DRHP) with Sebi between September and March and received ‘observations’ from the regulator during April 13-21, which is very necessary for any company to launch public offer, as per the latest update (see more)
Work At Chabahar Port In Iran Progressing Fast: Nitin Gadkari:
SINGAPORE: The work on the strategic Chabahar Port in Iran for which India will invest USD 500 million is progressing fast and the country has already formed a global port company there, Union Minister Nitin Gadkari said today.
“We have already formed a global port company there (Chabahar Port),” he said at the launch of a roadshow for the National High Authority of India’s (NHAI) rupee denominated masala bonds here(see more)