Chinese Consul General in Kolkata Ma Zhanwu says his country is planning a bullet train service between Kunming and Kolkata, which will pass through other neighbouring countries like Myanmar and Bangladesh.

Global factors behind rupee fall, no need for knee-jerk reaction: JaitleyFinance Minister Arun Jaitley yesterday attributed the fall in rupee to global factors and said there was no need for panic or knee-jerk reactions. He said the Reserve Bank is doing whatever is necessary to deal with the situation.The battered rupee has lost 165 paise in the last six trading sessions. Jaitley further said the dollar has strengthened against almost every other currency and added that the rupee...

As part of the government's plan to launch country's first bullet train by 2022, India will buy 18 bullet train sets worth Rs 7,000 crore from Japan.

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.

State-of-the-art Train 18 to replace Shatabdi Express soon; PV Sindhu on Forbes' list of top 10 highest-paid female athletes; Air India seeks Rs 500 crore urgently to repay banks; opposition criticises Centre's decision to decline foreign aid for Kerala flood  relief. Watch more in this episode of Business Wrap.

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

State-of-the-art Train 18 to replace Shatabdi Express soonAs part of the Railways' plan to increase the speeds of all long-distance passenger trains by 25 km per hour by 2022, it has decided to replace the Shatabdi Express trains with much-awaited semi-high speed 'Train 18'. These trains will be loaded with state-of-the-art amenities and will be used for inter-city travel. The trains are being built under the Make in India initiative at the Integral Coach Factory (ICF) in Chenna...

As part of the Railways' plan to increase the speeds of all long-distance passenger trains by 25km per hour by 2022, it has decided to replace the Shatabdi Express trains with much-awaited semi-high speed 'Train 18'.

Indian Railways has revised the schedule of over 300 Northern Railways trains. The new schedule will be effective from August 15, which means the previous timings will be applicable till August 14.

Come September, Indian Railways will roll out its first self-propelled, semi-high speed, engine-less train, code-named \"Train 18\" (named after the year in which it is being manufactured).

In a bid to enhance its services, the Indian Railways has partnered with MakeMyTrip to provide live status updates of trains through WhatsApp, which is currently the most popular instant messaging platform.

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.

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.

IRCTC to launch own payment systemIndian Railways' catering, tourism and online ticketing platfom IRCTC will launch its own payment system 'IRCTC-iPay' by August 18. The system is aimed at alleviating troubles travellers face while booking train tickets online. As of now, IRCTC supports only six banks for online transactions, but this list will be extended greatly with IRCTC-iPay. The platform will also make refunds with IRCTC easier.Google rolls out Continued Conversation feature...

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.

Telecom giant Airtel today said it had never agreed to the \"outrageous\" request from a subscriber for a non-Muslim customer service representative and vowed to \"stay innocent and bereft of religious consideration\".

Among the areas where Railways Minister Piyush Goyal is working to double the Railways' revenue are signalling, train punctuality and freight capacity. Indian Railways wants to increase its share of freight from 33 per cent to 45 per cent.

Various departments of a train, viz. pantry, bed rolls, etc will have a separate WhatsApp group, which would be monitored by a senior railway official.