Indian Railways big plan for faster travel! Vande Bharat Express-style trains to ply on these routes
Posted on 6th June 2019 |
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| Indian Railways big plan for faster travel! Buoyed by the success of Vande Bharat Express, Piyush Goyal-led Indian Railways is now hoping to reduce travel time drastically on shorter routes. To begin with, semi-high speed Vande Bharat Express-style trains may start plying between Mumbai to Nashik, Pune, and Vadodara. Manufactured under ‘Make in India’ initiative, the Train 18 or Vande Bharat Express became India’s fastest train during trials, clocking speeds of 180 kmph. The engine-less self-propelled train set marks a big technological leap for Indian Railways in terms of faster and more energy-efficient train travel. Vande Bharat Express has reduced the travel time between the national capital and Varanasi by 40 per cent. Rajesh Agrawal, member (Rolling Stock), Railway Board was quoted in a PTI report saying that to check whether the Vande Bharat Express-style trains can be used for Mumbai to Nashik or Mumbai to Pune or Mumbai to Vadodara route, trial runs will be conducted in the next week. According to him, from the next week, the Railway Board is going to start trial runs on the Vande-Bharat pattern. One AC-EMU rake, as well as one non-AC MEMU rake, will be given to the Central Railway and Western Railway zones. He said if the trial goes as per the plan, Indian Railways can reduce the travel time between Mumbai to Pune and Mumbai to Nashik to within two hours. He further said that no final decision has been taken yet, but as of now, Indian Railways is only going to explore the possibility. Some of the bigger challenges for the national transporter include traffic congestion and infrastructure upgradation including the tracks. The trial runs are in line with Indian railways to replace old trains for short distances on the Golden Quadrilateral with Vande Bharat Express-type self-propelled MEMUs. Meanwhile, Agrawal also stated that by the end of March 2020, the national transporter has planned to run as many as 12 AC local trains in Mumbai, with six each on the Central Railway and Western Railway suburban lines. He claimed that Indian Railways has no shortage of coaches as the production of coaches has seen a quantum jump. Till last year, all coach factories used to manufacture less than 4,000 coaches annually, however, this year the number of coaches has increased up to 6,000. In the next financial year, Indian Railways aims to produce 8,000 coaches, he added. |
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Verdict allowing women into Sabarimala not the 'final word': Supreme Court
Posted on 5th December 2019 |
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The Supreme Court on Thursday said its 2018 verdict allowing entry of girls and women of all ages into the Ayyappa temple at Kerala's Sabarimala was not the final word as the matter was referred to a larger bench.
The apex court's observation came when senior advocate Indira Jaising, appearing for a woman devotee, Bindu Ammini, alleged violation of the 2018 verdict and said her client was attacked for her bid to enter the shrine. |
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Hyundai plans to bring fuel cell cars to India, Nexo could be first launch
Posted on 5th December 2019 |
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Korean auto major Hyundai is planning to bring fuel cell electric vehicles to India. The company has already started a feasibility study as part of the plan.
Hyundai Nexo, which is already available in many markets, could be the first launch. The company claims Nexo is the world's first dedicated hydrogen-powered SUV and that it has a range of close to 380 miles, highest for any fuel-cell or electric vehicle in the market. |
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HDFC AMC slips 5% as Standard Life to sell additional stake via OFS
Posted on 5th December 2019 |
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Shares of HDFC Asset Management Company (AMC) dipped 5 per cent to Rs 3,173 in intra-day deals on Thursday, after the company said it will use a greenshoe option for sale of additional 0.86 percent stake via offer for sale (OFS). The stock had ended 3 per cent lower at Rs 3,329 on the BSE a day earlier.
With the past two day's decline, HDFC AMC has corrected 17 per cent from its all-time high of Rs 3,844 touched on November 22, 2019.
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RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%
Posted on 5th December 2019 |
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Springing a surprise, the monetary policy committee of the Reserve Bank of India (RBI) maintained the repo rate at 5.15 per cent points (bps) in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. However, GDP growth forecast for FY20 was slashed to 5 per cent from 6.1 per cent.
The three-day rate-setting meet started on Tuesday (December 3). In its October meet, the RBI had cut interest rate by 25 bps to 5.15 per cent. |
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Polycab India hits fresh record high; stock zooms 100% from August low
Posted on 5th December 2019 |
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Shares of Polycab India continued their upward journey, and hit a new high of Rs 1,052, up 6 per cent on the BSE on Thursday, on expectation of strong earnings going forward. The company was included in the MSCI Global Small Cap Index with effect from November 26, 2019.
The stock of the fast moving electric goods (FMEG) company zoomed 100 per cent from its recent low of Rs 525, touched on August 22, 2019. |
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