Prime Minister Narendra Modi had flagged off the first Namo Bharat train on a 17-km stretch of the Delhi-Meerut RRTS between Sahibabad and Duhai Depot on October 20.
Out of the 700 hires, 58 percent are women, which is in line with the company’s gender diversity focus.
Alstom is also making freight locomotives for the Indian Railways, setting up rail tracks and supplying components.
Designed and built to move passengers at 180 kmph, these trains are expected to reduce the travel time between Delhi and Meerut by 40 percent.
GE India Power today posted a standalone net profit of Rs 121.42 crore for the December quarter on the back of higher revenues.
It further said: "Both the thermal power projects are located in Tamil Nadu. This is in line with the government's focus on upgrading the power infrastructure in the country." Shares of GE Power India were trading 5.80 percent higher at Rs 478.05 apiece on BSE.
Infosys | Cipla | Dr Reddy's Labs | Equitas Holdings | Inox Wind | Ujjivan Financial | NBCC | Manpasand Beverages | FIEM Industries | R Systems | ENIL | Tara Jewels | Motherson Sumi | Bombay Dyeing | Avantel | Texmaco Rail | MRPL | Jubilant FoodWorks | Ushdev International and Alstom India are stocks, which are in the news today.
GE Power India, which was formerly known as Alstom India Ltd, today reported a Rs 63.01 crore standalone loss in the quarter ended June 30.
Alstom India has been renamed as GE Power India following its acquisition by US giant General Electric.
"Name of the company has been changed with effect from August 2, 2016 from ALSTOM T&D India Ltd to GE T&D India Ltd," the company said in a BSE filing today.
Sudarshan Sukhani of s2analytics.com is of the view that Reliance Industries and Kotak Mahindra Bank may head higher.
NTPC | Wipro | 3i Infotech | IL&FS Transportation | Andrew Yule | Crompton Greaves | Lux Industries | Premier Explosives | Ujjivan | Bombay Rayon | Deccan Cements | Pricol | Info Edge and GSK Consumer are stocks, which are in the news today.
In an interview with Latha Venkatesh and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on the fundamental side of the market, specific stocks and sectors.
Mumbai Metro Rail Corporation (MMRC), which is implementing the project, received bids from companies including L&T, Alstom, Cobra, Tata Projects, Isolux, Bright Power KEI, Siemens, Leena Powertech Engg, Kanohar Electricals and CHUNG-HSIM Electric & Machinery Mfg Corp.
"The Board of Directors of the Company...approved the dissolution of Alstom Boilers India Ltd, an immaterial wholly owned subsidiary of the company, since it had not undertaken any operations," the filing said.
Alstom India yesterday reported about 62 percent drop in its net profit to Rs 27.40 crore for the fourth quarter ended March 31, 2015-16.
Diesel Dilemma: In the ongoing case of diesel car ban in the NCR region, the Supreme Court today said that it is willing to consider relaxation on its decision.
Alstom India on May 9 reported about 62 percent drop in its net profit to Rs 27.40 crore for the quarter ended March 31, 2016.
Dipan Mehta, Member of BSE and NSE is positive on listed Indian players in the FMCG space on better demand outlook and decent valuations and prefers Dabur India and Emami over HUL or Colgate.
India currently has about 300 km (186 miles) of operational metro track laid across seven cities in a country with an urban population of 400 million, a network that is smaller than the size of London's Tube network which serves a city of nearly nine million.
The US major has accepted offer for 13,789 shares tendered by shareholders for Rs 60.71 lakh under its open offer to acquire 1.74 crore shares for Rs 769.64 crore, Alstom India said in a BSE filing today.
The company had reported net profit of Rs 14.90 crore in the year-ago period, it said in the filing to BSE.
Gaurang Shah of Geojit BNP Paribas Financial Services is of the view that one may prefer Larsen and Toubro over Bharat Heavy Electricals.
Stocks that are likely to be in focus are Maruti Suzuki India, Ashok Leyland, TVS Motor Company, Mahindra and Mahindra, Eicher Motors, Titagarh Wagons, Kalindee Rail Nirman (Engineers), ALSTOM India, Havells India, Kajaria Ceramics, Cera Sanitaryware, Greenply Industries, IFCI,IDBI Bank.
Jaitley termed the move as "a certainly important contract" at entry point into the railway system by international majors like GE and Alstom, which have a mandate to manufacture ecologically-friendly locomotives. The electric locomotive factory will be set up at Madhepura and the diesel one at Marhowrah in Bihar.