New Delhi:The Union budget has allocated a record Rs1.48 trillion for Indian Railways to raise its carrying capacity and improve the train travel experience.

Of this, Rs1.46 trillion is capital expenditure, while Rs2,028 crore is to reimburse operating losses on strategic lines and reimburse IRCTC (Indian Railway Catering and Tourism Corporation) for the operational cost of e-ticketing.

Mumbai: Large companies may have to compulsorily borrow a fourth of their financing requirements from the bond market and long-term investors may be encouraged to buy A-rated bonds, as part of continuing efforts by the government and regulators to limit the exposure of banks to companies and develop the corporate bond market.

India captain Virat Kohli today said that the six-wicket victory in the first one-dayer against South Africa will give his side the momentum in the remainder of the six-match series.

"First match of the series is important. We wanted to take the momentum of the (third) Test win into this and when we restricted South Africa to 270 on this sort of a pitch, we were happy," Kohli, who hit 112 of 119 balls for his first ODI hundred in South Africa, said after the match.

Finance Minister Arun Jaitley’s fifth and final Union Budget of the current term of the Narendra Modi government was evidence that the top BJP leadership has drawn the right lessons from its tenuous poll victory in Gujarat in December.

In Gujarat, the BJP had to face the ire of farmers for agrarian distress, of youth for lack of job opportunities and of the MSMEs (the micro, small and medium enterprises sector). The Budget has reached out to these key sectors.

Hinduja Group flagship Ashok Leyland has recorded a 21.7 per cent rise in its sales in January 2017 to 18,101 units.

The city-based commercial vehicle major had sold 14,872 units during same month of last year, the company said in a statement.

he country's largest car maker Maruti Suzuki India (MSI) today reported 4.8 per cent increase in total sales at 1,51,351 units in January compared to 1,44,396 units in the same month of 2017.

The company's domestic sales stood at 1,40,600 units, up 5 per cent from 1,33,934 units in January 2017, MSI said in a statement.

NEW DELHI: Air India, India's flagship carrier, may get a sepcial mention in Union Budget 2018.

The Economic Survey released two days ago suggested that the government would do well to complete Air India's disinvestment in the next financial year.

Mumbai: The Indian rupee on Thursday weakened against US dollar ahead of the announcement of the Union budget for fiscal 2018-19.

The local currency opened at 63.70 a dollar. At 9.15am, the home currency was trading at 63.68, down 0.13% from its previous close of 63.59.

Mumbai: Suneet Weling, executive director at the investment banking division of Kotak Mahindra Bank, will join French banking group BNP Paribas’s Indian arm as managing director and head of advisory, capital markets and financing, said multiple people aware of the development.

Weling has advised several Indian and international companies on mergers and acquisitions and capital-raising in India during his seven-year stint at Kotak Mahindra.

The benchmark BSE Sensex regained the 36,000-mark by rebounding over 171 points in opening trade as investors built up positions ahead of the Union budget to be unveiled by the Finance Minister on Thursday.

The 30-share BSE index, which had lost 318.23 points in the previous two sessions, recovered 171.38 points, or 0.47 per cent, to 36,136.40.

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