Business
Central Railway achieves 100% electrification of entire broad gauge network
Indian Railway is working towards becoming the largest Green Railway in the world and is moving towards becoming a “net zero carbon emitter” before 2030.
Central Railway has achieved 100% Railway Electrification on all Broad Gauge routes (3825 Route Kilometres). The last non-electrified section of Central Railway i.e. Ausa Road- Latur Road (52 RKM) on Solapur Division was electrified on February 23.
Central Railway, now fully electrified on all broad gauge routes, has helped in reducing carbon footprints of 5.204 lakh tons every year and also saves ₹ 1670 crores annually.
Pace of Railway Electrification increased
The pace of Railway Electrification, which is environment friendly and reduces pollution, has increased significantly since 2014.
The railways have planned the electrification of Broad Gauge routes, which will facilitate the elimination of diesel traction resulting in a significant reduction in its carbon footprint and environmental pollution.
The pioneering railway, where the first electric train ran in India between the then Bombay Victoria Terminus (now Chhatrapati Shivaji Maharaj Terminus) and Kurla on Harbour line on February 3, 1925. The section was electrified on 1500 volt DC.
The conversion of DC traction on Mumbai Division of Central Railway to AC traction began in 2001 and progressively-without significant disturbance to the suburban services-was completed in 2016.
Central Railway is strategically located in the middle part of India and it connects most of the Indian cities and other locations with the major cities in its jurisdiction like Mumbai, Nagpur, Pune, Nasik, Solapur, Kolhapur etc The Punjab Mail Express, Howrah Mail, CSMT-H.
Nizamuddin Rajdhani Exp, Deccan Queen, Vande Bharat, Tejas Express, Konkan Kanya Exp, Pushpak Express, Mahanagari Express, Udyan Express, Shatabdi Express, Hussain Sagar Express, Siddeshwar Express etc are the major prestigious trains run over Central Railway network. The CR also runs suburban local trains i.e. the lifeline of Mumbai on electric traction.
Naresh Lalwani, General Manager, Central Railway said that “Railway is guided by a historical vision of being an environment friendly, efficient, cost-effective, punctual and a modern carrier of passengers as well as the freight in order to serve the growing needs of New India. This will also significantly reduce the fuel bill and earn carbon footprints”.
Electrification offers several advantages including:
• Environmental-friendly mode of transport
• Reduced dependence on imported diesel fuel, thereby saving precious foreign currency and reduced carbon footprints
• Reduced operating cost
• Haulage of heavier freight trains and longer passenger trains with high haulage capacity of Electric Locomotives leading to increased throughput
• Increased sectional capacity by eliminating detention on account of traction change
Business
Indian Markets Gave Better Returns Than China In Last 5 Years, Says Sebi Member
Sebi Whole-time Member Ananth Narayan G on Monday reminded investors that Indian equities have consistently delivered 15 per cent returns over the last 5 years whereas the same has been zero or even negative in China.
Terming the Indian markets “sone pe suhaga” for delivering higher returns for lower risks, Narayan also flagged a few areas of caution for investors and asked them to be conscious of the risks.
“There’s a lot of talk about China markets over the last few days. But over the last five years, while Indian markets have given around 15 per cent compound annual growth rate consistently, Chinese markets are nowhere close to that. It’s almost zero. In fact, in some cases, like in Hong Kong, it’s actually negative,” Narayan said.
Speaking at an event marking the start of the Investor Awareness Week at NSE, Narayan said FY24 was a “remarkable” year for India, with the benchmark indices returning 28 per cent and the volatility just 10 per cent.
“That’s like ‘sone pe suhaga’. It’s like the best of all worlds: low risk and very high return,” Narayan said, underlining that there are side effects of this as well.
Making it clear that it will not be the same going forward and investors should not assume it to be a one-way street, Narayan said such handsome returns can lead to complacency and pointed to a lot of youngsters opening up demat accounts to join the bandwagon.
Educating people about risks is very important, Narayan said, giving the analogy of driving a car. “There has to be a light push on the accelerator to get more investors to provide risk capital for the economic growth, we also need to be aware of risks and use the brakes if need be.” He said that 40 per cent of the small and midcap scrips have shot up by 5 times in the last five years, because of an imbalance between inflow of investor money and supply of new paper.
On its part, the capital markets regulator is trying hard to ensure that fund-raising clearances are done early so that there is a steady stream of quality paper supply in the market.
From a broader, longer-term perspective, Indian markets will only go north from here given the economic growth prospects in the country, Narayan said, issuing specific advice to investors.
Investors need to have the right intermediaries to capitalise on this opportunity presented by India, and not fall for the unregistered and fly-by-night ‘finfluencers’ who might be driven by vested interests, he said.
Using the oft-repeated idiom of “all roads lead to Rome”, Narayan remarked that Rome is not a traveller-friendly place and one may get scammed there as well. Therefore, it is important to seek advice from the right people for the investors, he said.
He also said that it is in investors’ interests to trade less and stay invested for longer for higher returns, and added that studies prove the same.
Sebi, which has flagged certain areas like derivatives recently, is not against speculation or participants taking short-term trades, but it would want investors to understand the risks, Narayan said.
Business
Ratan Tata Rubbishes Rumors Of ‘Critical Health’; Says No Cause For Concern
Tata Group’s Ratan Tata has denied rumours of his critical health that have been reported and have surfaced in the recent hours.
Ratan Tata’s associates took to his official Instagram account to debunk the news of him being ‘Critical’.
In the post, Ratan Tata said, “I am aware of recent rumors circulating regarding my health and want to assure everyone that these claims are unfounded. I am currently undergoing medical check-ups due to my age and related medical conditions.
There is no cause for concern. I remain in good spirits and request that the public and media respect refrain from spreading misinformation.
For more than fifty years, Ratan Tata has led the Indian business community’s entrance hall. The 86-year-old has been suffering from illnesses associated with ageing. Tata has participated in social life to the best of his limited ability despite his health issues.
Recently, on the occasion of Gandhi Jayanti, on October 2, Ratan Tata, expressed his congratulations to the Prime Minister on this occasion. “I congratulate the honourable Prime Minister on the 10-year commemoration of programmes that have benefitted millions in rural India.”
Business
New TVS Apache RR 310 Hits Indian Market at Rs 2.75 Lakh: All You Need to Know
TVS has introduced the 2024 edition of its flagship Apache RR 310 in India, starting at Rs 2.75 lakh (ex-showroom). The updated model brings several enhancements, including segment-first aerodynamic winglets integrated into the side fairing, aimed at improving stability and performance.
The latest version of the TVS Apache RR 310 comes with a starting price of Rs 2.75 lakh (ex-showroom) for the Racing Red model. However, this variant does not include the bi-directional quick-shifter. For those looking to add this feature, it will cost approximately Rs 17,000 extra. The 2024 lineup also introduces a new Bomber Grey color option, priced at Rs 2.97 lakh (ex-showroom), offering a stylish and performance-focused upgrade.
The 2024 TVS Apache RR 310 retains its 312cc single-cylinder, liquid-cooled engine with a 6-speed gearbox, but now offers improved performance. The updated model produces 37 bhp at 9,800 rpm and 29 Nm of torque at 7,900 rpm. TVS also claims that it accelerates faster than before, shaving 0.43 seconds off its 0-100 km/h time, making it a more exciting choice for riders looking for speed and agility.
The 2024 TVS Apache RR 310 keeps its familiar trellis frame, supported by upside-down front forks and a rear monoshock for improved handling. Braking is handled by disc brakes. It also comes with a 5-inch TFT display that offers Bluetooth connectivity and navigation.
The updated electronics package includes new features like tyre pressure monitoring, cornering ABS, traction control, and cruise control. While the overall design remains similar, it gets refreshed decals and is available in three colours: Bomber Grey, Racing Red, and Race Replica.
TVS has introduced two performance kits for the new Apache RR 310: the Dynamic kit, priced at Rs 18,000, and the Dynamic Pro kit at Rs 16,000. The Dynamic kit enhances the bike’s handling with fully adjustable suspension, a tyre pressure monitoring system, and a brass-coated drive chain. The Dynamic Pro kit, meanwhile, focuses on safety and stability, offering race-tuned dynamic stability control for better on-road performance. These upgrades allow riders to customize their experience for both performance and safety.
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