These three state-run banks would work on strict timeline and necessary regulatory process is expected to be over by the end of 2018-19, sources said.

With the introduction of natural gases in its operations, the Indian Railways is looking to cut down on the use of industrial gases like dissolved acetylene, LPG and high-speed diesel (HSD), while saving a pretty penny in the process.

The charges in the case include criminal conspiracy (120-B), cheating (420) under IPC and corruption, the CBI had said.

Other than convincing the RBI and bankers to back the road projects, Jaitley will also have to work with the central bank to develop financial institutions.

The state-of-the-art coach has been built on LHB platform and has vibration-based self-power harvesting sensor on the axle box, which will predict the defects on the bearings, wheel defects and hard spot (defects) on the track.

Gross NPAs of banks may improve to 10% in March 2019 as resolution process picks up paceThe gross non-performing assets (GNPAs) of the banking sector is likely to improve to 10 per cent in March 2019, from 11.52 per cent as on June 30, 2018, as nearly 60 per cent of the bad loans of the sector are under active resolution, a report has said. The net NPA is also expected to decrease to 4.3 per cent, from 5.92 per cent as of June-end this year, ICRA said in its report. The rating age...

The Ministry of Railways has been gradually changing the face of Indian trains.

The Indian Railways is trying to deliver projects worth at least Rs 50,000 crore in the next eight months.

Chanda Kochhar to be considered for director's post on ICICI Securities boardICICI Bank CEO and Managing Director Chanda Kochhar has suggested her name for a seat on the Board of Directors of ICICI Securities, the private lender's broking arm. The proposal will be up for consideration during the annual general meeting of ICICI Securities scheduled for August 30.Kochhar is facing scrutiny from several regulatory bodies as well as an internal probe initiated by the ICICI Bank over c...

Despite huge strides, the risk of stressed and stranded projects is keeping investors jittery about India's infrastructure building strategy.

Railway Board recently decided to give the job of distributing linen set - which includes blanket, pillow, bed sheets and hand towels - in AC class to the onboard housekeeping staff, who clean the coach during the journey and the toilets.

From human development indicators like health and education to economic parameters like tax-to-GDP ratio, currency performance, and current account deficit, Pakistan's track record is dismal on all fronts.

In its report for year ending March 2017, the CAG has found that the flexi-fare system in premium trains led to increase in passenger earnings but the number of travellers during September 9, 2016 to July 31, 2017 came down by over six lakhs when compared to the corresponding period in 2015-2016.

Features like train search without login, easy-to-use web interface, alternative accommodation facility, etc, have been incorporated in the new IRCTC portal, whose final version was launched on June 13.

The IRCTC manager would attend to the complaints even when the train is in motion and would report to the train captain at the railway station where the train originates.

Citing a government official, the daily added that the Godrej Group has sought a change in the project's alignment to free up nearly 3.5 hectares belonging to its infrastructure arm, Godrej Constructions, from the proposal.

In a bid to meet the demand of growing number of passengers, the northern wing of the Indian Railways has increased the frequency of Lucknow-Anand Vihar-Lucknow Double Decker Express, train numbers 12583 and 12584.

The Southern Railway has increased run-time from 30 minutes to an hour for as many as 90 trains, while the Northern Railway has also pushed the train timings by 30 to 60 minutes for total 95 trains.

The saloon cars can accommodate two families for up to five days; and contains two spacious air-conditioned bedrooms with an attached bathroom.

With the introduction of direct link with banks, the total transaction points will be reduced. This will, in turn, reduce the amount of time it takes to make refunds.