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Rly conducts trial for high-speed Talgo trains

THE trial of Spanish train Talgo, the lighter and faster vehicle whose speed goes up to 115 kms per hour, was conducted between Bareilly and Moradabad in Uttar Pradesh as part of the Railways’ strategy to increase the speed of trains. “It was a ..

  • Gold, silver losses add up on weak cues, soft demand

    GOLD’S downward movement continued for the second straight day as the prices fell Rs 20 to Rs 28,850 per 10 grams on Saturday, tracking a weak trend overseas amid easing demand from jewellers and retailers at the domestic spot market. Silver followed ..

  • NMDC, SAIL form joint venture

    STATE-RUN miner NMDC and steel PSU SAIL have set up a joint venture -- NMDC SAIL Ltd -- for sale and supply of iron ore from the allocated mining resource in Chhattisgarh. NMDC in a filing to the BSE announced incorporation of the JV firm..

  • SIDBI FY16 net dips 17% to Rs 1,177 cr

    THE State-owned Small Industries Development Bank of India (SIDBI) reported a 16.94 per cent fall in net profit for 2015-16 at Rs 1,177 crore due to increased provisioning for NPAs...

  • Forex reserves down $121.3 mn at $360.905 bn

    THE country’s forex reserves dipped by USD 121.3 million to USD 360.905 billion for the week ended May 20 on a fall in the core currency assets, the Reserve Bank said on Friday. Total reserves had dipped by USD 968 million to USD 361.02 billion ..