[Latest News][6]

Best Stock Advisory Company in Indore
Best Stock Option Tips Provider
Budget 2018
Call Put Option Tips
Commodity Market Tips
Commodity Tips
F&O Tips
Gold
Indian Stock Market Tips
Market
MCX Tips
Mcx Trading Tips
NCDEX tips
Nifty Future Tips
Nifty Option Tips
NSE BSE
NSE BSE stock
NSE BSE stock Market
Option Tips
Option Trading Tips
Share Market Tips
Silver
Stock Market Tips
Stock Option Market Tips
Stock Option Tips

Earnings misses, rising debts: Indian Railways turnaround hits buffers

GHAZIABAD, India - India's mammoth state railways, much of them stuck in colonial times, have missed earnings targets for the third straight year and debts have shot up, documents seen by Reuters show, raising doubts about an ambitious modernisation drive.

The previously unreported figures will make uncomfortable reading for Prime Minister Narendra Modi, the son of a train station tea seller who set out plans to overhaul the world's fourth largest rail network after he took power in 2014. Modi's $133 billion, five-year programme backed by private and public investment aimed to boost passenger and freight volumes, lay new tracks, introduce modern trains and drive growth to help meet ambitious economic targets. Of that, about $32 billion, or less than 25 percent, was spent in the first two years.

Get updates in Intraday Stocks News and more click here and have your two days Free Trial >> http://www.ripplesadvisory.com/nifty-future-.php

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Start typing and press Enter to search