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    • MC Exclusive: Govt likely to increase railway budget by 15-18% in FY26 to accelerate rollout of Vande Bharat, high-speed bullet trainsets

      Faster capital expenditure spends seen in 2024-25 so far, coupled with the Indian Railways's plan to take increased deliveries of Vande Bharat trainsets and testing of high-speed rail trainsets in 2025 are the main triggers.

    • Germany's FlixBus expands to South India, offers Rs 99 fares from Bengaluru for intercity routes

       FlixBus to commence operations in South India on September 10

    • MC Exclusive| Indian Railways plans to launch 60 new Vande Bharat trains in 2024: Sources

      Indian Railways is also looking to launch Vande Bharat trains across routes where air connectivity is either not very extensive or is very expensive.

    • Monopoly, ahoy! Indigo is the sole airline flying on 552 out of 1,048 routes in India

      Of the 1,048 routes within India, 769 are a monopoly, with only one airline operating. No player will be expanding rapidly in the immediate future, so IndiGo will remain the dominant player, with over 60 percent market share, for some time to come.

    • Exclusive: Railways may have to reissue tender for 120 Vande Bharat trains

      Talks between state-owned RVNL and the Russian TMH turned sour after RVNL, acting on behalf of Indian Railways, said that it would like to become the majority shareholder in the JV created to manufacture the trains.

    • MC Exclusive | Alstom emerges as lowest bidder for 100 aluminium Vande Bharat trains

      The consortium comprising Swiss railway rolling stock manufacturer Stadler Rail and Hyderabad-based Medha Servo Drives was the only other player that took part in this tender with a bid of nearly Rs 170 crore per train.

    • MC Exclusive | RVNL-Russia’s CJSC Transmashholding consortium emerges lowest bidder for 200 Vande Bharat trains

      The consortium of state-run Bharat Heavy Electricals Ltd and Titagarh Wagons emerged as the second-lowest bidder, documents reviewed by Moneycontrol show. While 120 of these trains will be made at the railways Latur facility, 80 will be made in Chennai factory

    • Indian Railways may again push the deadline for 100 Vande Bharat trains

      Industry players have asked for more time to set up facilities for the manufacture of steel and aluminium-body trains.

    • Alstom, Medha-Stadler consortium sole bidders to build, maintain 100 Vande Bharat trains

      According to officials, the winning bidder for the contract to manufacture and maintain 100 aluminium Vande Bharat trains will receive an upfront payment of Rs 13,000 crore upon delivery of the trains, with an additional Rs 17,000 crore to be paid over a 35-year period for maintenance.

    • Akasa Air to start Bengaluru-Mumbai flights from August 19

      The new carrier will launch commercial flight operations on August 7 by running its first service on the Mumbai-Ahmedabad route.

    • Rolling stock cos say deadline extension of Vande Bharat trains to help industry consolidate and plan investments

      Industry participants said that no domestic company has the capability to individually bid for and execute the Rs 26,000-crore order within the stated timeline for delivery of 82 months.

    • Indian Railways extends deadline for bids for 200 third-generation Vande Bharat train sets to October

      The Railway Ministry’s decision to extend the deadline may affect the government’s ambitious plan to manufacture 400 Vande Bharat trains in India by the end of 2024-25.

    • SpiceJet bags rights to operate India-US flights

      SpiceJet will operate on the India-US route as per terms of Air Services Agreement between the two countries

    • Here's how Air India can be resuscitated

      Data shows that going local and cutting down on international flights could turn out to be the single-biggest cost-saving measure.

    • Discounted seats would have gone unsold: Sun Group

      Sun Group CFO SL Narayanan says the low-cost airline is not reducing its effective revenue per seat kilometer. The inventory that is being put out for sale is highly controlled.

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