Business

20

Aug

By The Press Editor

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Business

Good news for train commuters: Passenger Reservation System can now book 25,000 tickets per minute

Union Railway Minister Ashwini Vaishnaw stated that the capacity enhancement and technological upgradation is an ongoing process of Indian Railways. Presently, the booking capacity of the current PRS is about 25,000 tickets per minute, he added. New Delhi: Here comes a big update for the regular train commuters. The Indian Railways has undertaken a complete upgradation of the Passenger Reservation System, which at present can book 25,000 tickets per minute, Railway Minister Ashwini Vaishnaw stated in Lok Sabha on Wednesday. Vaishnaw says technological upgradation is an ongoing process In a written reply to a question on the steps taken by…

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20

Aug

By The Press Editor

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Business

Mumbai to get 268 AC local trains as govt approves Rs 24,000 crore project – Full details here

Under phases 3 and 3A of the Mumbai Urban Transport Project (MUTP), the Maharashtra government has approved the procurement of 268 fully air-conditioned local train coaches. Mumbai: The suburban railway system of Mumbai, which operates Electric Multiple Unit (EMU) local trains, is known as the lifeline of the city. They are now set for a significant upgrade as the Maharashtra government has approved the procurement of 268 fully air-conditioned local train coaches. This upgrade is being implemented in phases 3 and 3A of the Mumbai Urban Transport Project (MUTP). According to reports, these local trains will feature metro-style automatic doors…

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20

Aug

By The Press Editor

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Business

After 14 years in limbo, Amrapali delivers: 1,600 families in Greater Noida may get homes this Diwali

According to the report, NBCC is preparing to apply for an Occupancy Certificate for approximately 2,000 more flats. After this, they will apply for OC of the remaining flats. Greater Noida: In a significant development for home buyers in the Amrapali Verona Heights project located in Greater Noida West, they are likely to get their homes before Diwali. After waiting for a period of almost 14 years, the buyers are finally going to get possession of their flats. The preparations for handing over the flats are underway as National Buildings Construction Corporation Limited (NBCC) has received an Occupancy Certificate (OC)…

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20

Aug

By The Press Editor

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Business

Next generation GST reforms aimed at making India Aatmanirbhar, FM Sitharaman tells GoM

Finance Minister Nirmala Sitharaman’s address to the Group of Ministers (GoMs) was for about 20 minutes, during which she elaborated on the Centre’s proposal. New Delhi: Finance Minister Nirmala Sitharaman on Wednesday presented comprehensive reforms in the GST system to a Group of Ministers (GoMs) from states. She said that the government's plans for sweeping reforms in the GST regime involve slashing tax rates and easing the compliance burden for businesses. There are currently four slabs of GST: 5, 12, 18, and 28 per cent. While essential items and food are either at nil or 5 per cent rate, luxury…

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20

Aug

By The Press Editor

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Business

Delhi’s IGI joins elite 100-million club, check list of other such airports

According to an official report, India now has 162 operational airports, including heliports and water aerodromes, while in 2014 their number was only 74. New Delhi: Delhi's Indira Gandhi International Airport has entered the list of international airports with a passenger capacity of over 10 crore or 100 million. The current annual passenger capacity of Delhi Airport is 10.9 crore or 109 million. According to data from the Official Airline Guide and airport operators, there are only six airports worldwide whose annual passenger capacity exceeds 10 crore. The Indira Gandhi International Airport (IGIA) in the national capital is operated by…

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20

Aug

By The Press Editor

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Business

HAL Dividend Alert: PSU stock to trade ex-date on August 21 – Check dividend amount and other details

HAL Dividend 2025: The company has set August 21, 2025, as the record date to determine the eligibility of shareholders for this corporate action. Mumbai: Hindustan Aeronautics Limited (HAL), a state-owned aerospace and defence company headquartered in Bangalore, has announced a final dividend for its shareholders. To be eligible for this dividend, investors must have HAL shares in their account before the record date and ex-date. The company has set August 21, 2025, as the record date to determine the eligibility of shareholders for this corporate action. In other words, today is the last chance to buy the shares of…

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20

Aug

By The Press Editor

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Business

Why Narayana Murthy rejected Air India, two other jobs to join less paying IIM Ahmedabad

While Murthy earned half of his potential salary at IIM Ahmedabad than the offers he had rejected, he was hardly bothered about that. His concern was something different. New Delhi: Infosys founder NR Narayana Murthy is one of the renowned business leaders in the country, known for his management skills over a career spanning several decades. Often described as the "father of the Indian IT sector" for his contribution to outsourcing in India, Murthy is celebrating his 79th birthday today. His contributions extend beyond the corporate realm, and one notable thing about him is that he never shies away from…

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20

Aug

By The Press Editor

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Business

Shares of this solar company gain post order win from Indian Railways – Check details

According to the information shared, the project is valued at Rs 28.84 crore and expected to be executed within six months from the issuance of the letter of acceptance (LoA). Mumbai: Shares of Servotech Renewable Power System gained over seven per cent after the company informed exchanges about the order win from the Indian Railways. According to the exchange filing, it has secured 7.3 MW on-grid rooftop solar order from the North Western Railway, Jaipur Division. The development has resulted in an action in the stock, which hit the intraday high of Rs 133.90. The counter began the trading session…

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20

Aug

By The Press Editor

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Business

Stock of this Gujarat-based EV company gains 9% even as stock markets decline in early trade – Details

According to BSE Analytics, the stock has given a multibagger return of 8084.75 per cent in five years and 867.74 per cent in three years. Mumbai: Shares of Gujarat-based electric vehicles manufacturer Mercury EV-Tech Ltd gained nearly 9 per cent on Wednesday, August 20, 2025, even as equity benchmark indices declined in early trade, tracking weak trends in Asian markets. The counter opened gap up with a gain of 5.36 per cent at Rs 48 on the BSE against the previous close of Rs 45.56. The scrip continued the upward trend amid a spurt in volume by more than 1.77…

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20

Aug

By The Press Editor

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Business

HAL Share Price: PSU defence stock surges as govt clears Rs 62,000 crore deal for 97 Tejas Mark 1A fighter jets

HAL Share Price: The acquisition of 97 LCA Mark 1A fighters was given by a high-level meeting today, paving the way for Hindustan Aeronautics Limited to produce the aircraft. Mumbai: Shares of PSU defence company Hindustan Aeronautics Ltd (HAL) surged nearly 4 per cent on Wednesday, August 20, 2025, a day after the government cleared a project for buying 97 LCA Mark 1A fighter jets for the Indian Air Force. The stock opened gap up with a gain of 3.31 per cent at Rs 4600.05 against the previous close of 4452.85 on the BSE. The counter gained further amid a surge…

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