India News

Railways to increase 3AC coaches in long distance trains

NEW DELHI: The railways will increase 3AC coaches in long distance trains to cater to the growing demand for air-conditioned coaches.

Railway data shows that between April 1, 2016 and March 10, 2017, 3AC coaches carried 17 per cent of all passengers in long-distance trains which accounted for 32.60 per cent of all the earnings from passenger fares.

Maruti Suzuki DZire Tour launched at Rs 5.24 lakh

Maruti Suzuki has silently launched the 2017 DZire Tour at a starting price of Rs 5.24 lakh, ex-showroom Delhi. The company will sell the new DZire Tour only for the fleet market. Earlier, the Maruti Suzuki DZire Tour was sold in a diesel version, however, the new car will now also be offered with a 1.2-litre K-Series petrol engine that produces 84 hp of power and 114 Nm of torque.

The diesel version gets the existing 1.3 litre DDiS unit that generates 74 hp of power and 190 Nm of torque. Both engines are paired to a 5-speed manual gearbox. The car manufacturer has not offered the DZire Tour with an automatic or an AMT (Automated Manual Transmission) gearbox.

Markets end in red for the second straight week

Markets ended in red for the second straight week due to weakness due to persistent selling pressure in view of disappointing earnings results from companies amidst weakness in the global market, as investors maintained caution ahead of elections in France over the weekend and as geopolitical tensions notably those between the US and North Korea weighed on sentiment. The Sensex fell in three out of five sessions of the week. As trading was largely listless and rangebound throughout the session.

TCS reclaims most-valued firm tag; RIL slips to second spot

TCS today reclaimed its status as the country’s most valued firm by market capitalisation after Reliance Industries briefly replaced the IT major from the top position. At the end of trade today, Tata Group’s crown jewel TCS commanded a market valuation of Rs 4,55,405.31 crore. This was Rs 299.98 crore more than RIL’s Rs 4,55,105.33 crore valuation.

Earlier in the day, RIL had surged past TCS to clinch the title of most-valued Indian company. However, at the end of trading session the IT major overtook the energy behemoth. Reliance Industries had on Tuesday also briefly regained its status as India’s top-valued firm, overtaking TCS.

Coal India allows power companies to swap supplies

NEW DELHI: State-run power generating companies will now have the flexibility to swap their coal supplies and divert them to more efficient power plants.

Coal India last week signed agreements for aggregation of contracted quantity of coal with state and central power generating companies for flexible movement of coal that would help reduce the cost of power generation, a senior company official said.

SEBI quashes non-bailable warrant against Sahara chief

The special SEBI court presided over by judge S Razvi on Friday, quashed the non-bailable warrant (NBW) issued against Sahara chief Subrata Roy, after he appeared before the court. On March 31, the court had issued a warrant against the accused, which was honoured by him.

The next hearing of the case has been adjourned to May 18, when the prosecution will put forward the charges pressed against the accused.

Himachal govt follows suit, bans use of red beacons by VIPs

The Himachal Pradesh government on Friday issued an official notification, prohibiting the use of red/amber/blue light on all vehicles barring those belonging to a few high dignitaries, a step aimed to end the VIP culture in the state.

"In pursuance of the powers conferred under clause (iii) of proviso of sub-rule (l) of Rule 108 of Central Motor Vehicles Rules 1989, the Governor is pleased to withdraw the use of Red/Amber/Bluelight on the top of their official vehicle, except Chief Justice and Judges of Himachal High Court," a notification issued by Raj Bhawan said.