Infrastructure

UltraTech share price: At 10:32 am, UltraTech shares traded 3.19 per cent higher at Rs 4,366.75 apiece on the BSE. The Mumbai-based cement maker's revenue rose 15 per cent to Rs.9,795 crore in the first quarter of the current financial year.

Infrastructure output accounts for nearly 40 per cent of the country's industrial output.

L&T shares have gained 3.58 per cent since the earnings announcement for the quarter and year ended March 31.

IRCTC: Fares for first class MST or monthly season ticket bookings are four times compared to second class fares. The Railways currently allows only one season ticket per passenger for travelling between two stations.

India, the world's second-largest steel producer, turned net importer in the year ended March 31, 2019 after a gap of three years.

The 16-coach train, built in 18 months at a cost of Rs 97 crore, is regarded as a successor to the 30-year-old Shatabdi Express.

Industry body Ficci has said that a reduction in basic customs duty applicable to rope-propelled transport solutions for urban transport will benefit the sector.

Train 18, which is set to replace the Shatabdi series, has the potential to at a speed between 160 kmph and 200 kmph. At trials, it breached the 180-kmph mark.

The railways, in another first, is set to come up with an elliptical 40-km track between Jaipur and Phulera at an investment of around Rs 400 crore to conduct trials of its semi-high speed and high speed trains.

As of now railway has already implemented the scheme in 15 of its zones with the Northereast Frontier Railway and West Central Railway being the remaining two zones.

The government said on Monday that major financial problems in debt-ridden Infrastructure Leasing & Financial Services (IL&FS) began before 2014. "Deterioration in the financial performance and substantial leveraging of the IL&FS Group started many years ago on account of stalled projects in infrastructure sector largely owing to wrong decisions and policy paralysis before 2014," said the government, after the National Company Law Tribunal (NCLT) approved the government's plea to reconstitute the top brass of IL&FS. A string of defaults by IL&FS in recent weeks has led to a series of credit rating downgrades on the company and its subsidiaries that hold some of its debt pile of Rs 91,000 crore.

Larsen & Toubro said the share buyback is subject to approval of the members by means of a special resolution through a postal ballot. The process, timelines and other requisite details will be released in due course, L&T added.

The directorate general of foreign trade banned the use of imported petcoke as fuel, but said shipments for use as feedstock in certain industries were allowed.

Tatkal ticket bookings are allowed in all classes except first AC. Tatkal booking opens at 10 am for AC classes and 11 am for non-AC classes, one day in advance of the actual date of journey excluding date of journey.

IRCTC - the ticketing arm of Indian Railways - allows refund through online and offline modes in case of cancellation of a regular train ticket. In case of a Tatkal ticket, no refund is permitted in case of a confirmed Tatkal ticket.