Investor demand exceeded IRCTS's shares on offer by 112 times, the best IPO of the four companies from the Indian Railways stable that have gone public.
Indian Railways' first rail coach restaurant, Chennai Express, was set up earlier this year, but a similar project was completed by Madhya Pradesh Tourism Department in 2015.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
This is very good news. We Indians have a habit of carrying almost the entire house with us when we travel. Then they open one bag after another, on the platform or bent on their knees between two births in the cramped space, inconveniencing everyone, furiously searching for something. Now it should be publicised that excess baggage is chargeable, but paying the extra charge is very easy – – right at the time of booking tickets online. This will educate them on the benefits of light travel, and in the initial stages or even later, will bring in a big amount of additional income to the railways. Having seen my countrymen’s habits in sleeper and even in AC classes, I won’t be surprised if the additional income is even 10% of the entire ticketing income. Which will mean many thousand crores!
This is very good news. We Indians have a habit of carrying almost the entire house with us when we travel. Then they open one bag after another, on the platform or bent on their knees between two births in the cramped space, inconveniencing everyone, furiously searching for something. Now it should be publicised that excess baggage is chargeable, but paying the extra charge is very easy – – right at the time of booking tickets online. This will educate them on the benefits of light travel, and in the initial stages or even later, will bring in a big amount of additional income to the railways. Having seen my countrymen’s habits in sleeper and even in AC classes, I won’t be surprised if the additional income is even 10% of the entire ticketing income. Which will mean many thousand crores!