Metro Financial News

Indian Railways will be rolling out the first version of Vande Bharat sleeper trains soon. According to details revealed by BG Mallya, the General Manager of Integral Coach Factory (ICF), "Sleeper coach of Vande Bharat will be rolled out in the current financial year where the first train is under production and will be rolled out in March 2024". The Vande Bharat sleeper trains will be a significant addition to the Indian Railways fleet, as they will allow passengers to travel long distances on these high-speed trains overnight.

electric vehicles sold in the Indian market is bought by a woman — more than double the share of female buyers of petrol and diesel cars. Senior industry executives ET spoke with said ease of driving and ownership along with increasing environmental awareness are propelling many women to choose electric cars over those powered by petrol and diesel. With more women joining the workforce and becoming financially empowered to make decisions, the trend is expected to continue, they added.Tata Motors, the country's largest electric carmaker, said women account for 24% of its EV sales while its closest rival MG Motor India put the number at 23-24%. In contrast, women's contribution to sales of fossil-fuel cars in the country remains in the range of 11% to 12%.

The United States Soccer Federation is planning to build a national training center in Atlanta with financial support from Arthur Blank

Delhi on Friday saw heavy rainfall and gusty winds lash the city, bringing much needed respite from a rather muggy weather. According to weather agencies, the low pressure area which was over Bay of Bengal intensified and moved inland. It now lies over Madhya Pradesh and adjoining Chhattisgarh region.

In addition to the new station, Delhi Metro will also increase the operational speed of Metro trains on Airport Express Line from 90 kilometres per hour to 120 kmph. This will help commuters save three minutes of travel time as the metro will take just 19 minutes between New Delhi and Dwarka Sector – 21 station, a Delhi Metro statement said. Passenger operations on this new extension start from 3 PM on Sunday. “With the addition of this section, the total length of the Airport Express Line from New Delhi to Yashobhoomi Dwarka Sector – 25 will become 24.9 kilometres,” the statement added. Delhi’s Airport Express Line now has seven Metro stations.

The Dwarka Expressway, christened as India’s First Eight-Lane Elevated Urban Expressway on a Single Pillar, known alternatively as the Northern Peripheral Road (NPR) and National Highway NH 248BB, stands as a transformative force poised to reshape the National Capital Region (NCR) of India. Stretching across 29 kilometers, this monumental project spans 19 kilometers in Haryana and 10 kilometers in Delhi, meticulously crafted to redefine regional connectivity and establish a new benchmark for cost-efficiency in large-scale infrastructure endeavors.

₹58,674.00 per 10 gm on Multi Commodity Exchange (MCX), and went on to hit an intraday high of 58,724, and a low of ₹58,673. Around 9.30 a.m., MCX Gold for October 5 delivery traded 0.17 per cent higher at ₹58689 per 10 grams.

The federal government is summoning the heads of Canada’s major grocery chains to Ottawa this fall to begin discussions on a plan to lower food costs for Canadians, as inflation continues to impact grocery bills.

VCCircle that Kedaara may have invested ₹1,300-1,500 crore ($156-180 million) in the Bengaluru-based K-12 school operator. “India has over 260 million students enrolled in the K-12 segment, that aspire for accessible, and holistic education. K12 Techno has helped schools bridge this gap by leveraging technology and process orientation," said Sunish Sharma, founder and managing partner, Kedaara Capital.

Grasim Industries Ltd, an Aditya Birla group flagship, will launch its new paints venture under the brand name, Birla Opus, in the fourth quarter of FY24, it told the exchanges on Thursday. “Our foray into decorative paints is a strategic choice that enables us to tap a high growth market and expand our presence in the vibrant Indian consumer landscape," said Kumar Mangalam Birla, chairman, Aditya Birla Group. “The company, over the last couple of years, built a strong foundation to enable a successful business launch.

The Indian Meteorological Department has predicted heavy rainfall in Mumbai for two days starting from September 16. Given the heavy rainfall predicted in the metro city, IMD issued a yellow alert for Mumbai. Nearby areas like Thane and Palghar are also expected to receive heavy rainfall.

Uttar Pradesh's Noida when several iron rods, dislodged from an elevated road under construction, plummeted onto his car, narrowly avoiding a tragic outcome. Dev Singhal, the young driver, found himself facing a perilous situation as these heavy rods, each measuring 2.5 to 3 feet, pierced through his car's windshield. One rod came dangerously close to his eye, while three others stopped mere millimeters from his face and chest.

Dwarka Expressway corridor may soon boast of some of the tallest buildings in the National Capital Region, as the Haryana government is granting an extra floor area ratio (FAR) to promote real estate development along the under-construction expressway. The Haryana government is introducing a new metro line along the expressway, enabling developers to expand under the Transit-Oriented Development policy even as there are height restrictions for buildings elsewhere in the NCR. State government officials have also met with developers in Mumbai and Bengaluru to showcase the development opportunities along the Dwarka Expressway. «Due to the metro line and upcoming global city planned by the Haryana government, the developers on the Dwarka Expressway can plan vertical development, which is not possible in the majority of the NCR. In coming years, we will see the development of utilising the policy benefits for high-rises,» said Mudassir Zaidi, executive director, North at real estate consultancy Knight Frank India. Any building with a height of more than 150 metres meets the tall-building classification.

By Matt Tracy

Bharat Electronics Limited (BEL) on Wednesday joined hands to develop an indigenous communication-based train control (i-CBTC) system, officials said. The team has commenced work at the i-CBTC lab of the Delhi Metro Rail Corporation (DMRC) and will soon develop and deploy a prototype i-CBTC product on a «designated test track» within the DMRC network, they said. With this partnership, the Delhi Metro and BEL are set to «usher in a new era of rail transportation in India», driving innovation, reducing costs, and fostering self-reliance in the field of train control signalling systems, the DMRC said in a statement. A memorandum of understanding (MoU) was signed in the presence of Vikas Kumar, Managing Director of the DMRC. «This groundbreaking partnership is aligned with the 'Make in India' initiative, championed by the Government of India under the Ministry of Housing & Urban Affairs,» the statement said.

Child poverty in the United States more than doubled and median household income declined last year when coronavirus pandemic-era government benefits expired and inflation kept rising

₹4.5 crore -- in posh Sector 30 of Noida on Sunday, while his wife Renu Sinha (61) objected to it.Sinha allegedly strangled his wife to death around 9.30 am after the heated argument. Such fights had become frequent between them. The wife suffered from cancer and had a fragile health condition while their son worked and lived in the US, officials said.

«No, I do not think we peaked at all. When you look at capex particularly in infrastructure, infrastructure will go on for the next couple of years,» says Sunil Mathur, MD & CEO,Siemens India.How would you view the current situation in India?There is a lot of interest in manufacturing. A lot of fresh capacity is coming up. Companies are looking at diversification. India is definitely a good place to be in and we see things happening. We see real traction on the ground. So, I believe it is not just a vision, that vision is slowly getting realised and that is what makes it so exciting.

How it works NCMCs are issued as prepaid and debit Rupay cards and will soon be issued as credit cards as well. A prepaid card can be bought from metro stations by completing online KYC at the issuing bank’s platform. Debit cards, on the other hand, are issued by the bank.

MUMBAI—The financial capital of India has become a colossal construction site. The barriers that try to keep daily life on track in the metropolis on the country’s west coast proclaim: “Mumbai is upgrading." A new road being built along the Arabian Sea is aimed at easing congestion in a city where three-lane roads are frequently occupied by five lanes of honking traffic. A rapid-transit metro system is being extended to ease pressure on suburban trains overflowing with people.

With over 30 private transport organisations and farmers’ associations supporting Bandh, the strike has caused significant inconvenience to commuters. According to IANS, as school buses and private transport were not available, parents had to take their children to the schools themselves. Many office-goers had to walk or depend on government buses. The protestors also beat up auto drivers who dared to ferry passengers. Videos also show protestors slapping a driver of a taxi. However, many Bengalurueans could not stop themselves from appreciating the more quite and free roads due to the bandh. «I would urge them to go on indefinite bandh, cuz bengaluru streets were never such enjoyable as it is now,» said one Twitter (now X) user Aditya Mohan.