Infrastructure

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.

While IRCTC allows refund through online and offline modes in case of cancellation of a regular train ticket, no refund - or money back - is permitted in case of a confirmed Tatkal ticket. Tatkal tickets, introduced by the Railways in 1997, are meant for passengers who want to travel at a short notice.

Ambuja Cements said its standalone profit rose to Rs 499 crore in the quarter ended June 30, from Rs 392 crore a year earlier.

IRCTC charges a fee ranging from Rs 15 to Rs 500 for booking of a Tatkal ticket. The charges levied by IRCTC depend upon the class of booking, such as AC, executive and sleeper. A train ticket under Tatkal category can be booked online or though the Railways' Passenger Reservation Centers.

Circular journey tickets are issued for all journeys - other than regular routes - that begin and conclude at the same station, according to Indian Railways.

Indian Railways has decided to engage retired staff for preserving and reviving railway heritage properties such as steam locomotives, vintage coaches and signals.

Delhi Metro's Magenta Line is set to further expand its reach. Its portion, which will connect Kalkaji Mandir in south Delhi to Janakpuri West (West Delhi), will open to the public from May 29, the Delhi Metro Rail Corp (DMRC) said on Monday. Union Minister for Housing and Urban Affairs Hardeep Singh Puri and Delhi Chief Minister Arvind Kejriwal will formally flag off the 25.6-km Metro corridor on May 28 at 4.30 p.m. The inauguration will happen from the Nehru Enclave Metro station, according to a report by news agency Indo-Asian News Service (IANS).

The DMRC or Delhi Metro Rail Corporation will soon provide connectivity between Kalkaji Mandir and Janakpuri West stations. That was said by DMRC, entrusted with the task of construction and operation of rapid transport system Delhi Metro, in a statement on Tuesday. That would extend the connectivity under Delhi Metro's Magenta Line by an additional 25.6 kilimetre stretch between Janakpuri West (in West Delhi) and Kalkaji Mandir (South Delhi). The Kalkaji Mandir-Janakpuri West stretch on the Magenta Line has been approved by the Metro Safety Commissioner, according to the DMRC statement. Meanwhile, the Cabinet has approved extension of Delhi Metro from Noida City Centre to Sector-62, Noida.

The artificial intelligence module has been developed by IRCTC, the ticketing arm of Indian Railways, in association with Delhi-based Wobot.

The new Humsafar Express train will be operated on a three-days-a-week basis, according to Indian Railways.

In order to enable more merchants to accept digital payment, especially in the rural areas of the country, the government launched the common service centres (CSC).