Business & Economy

Delhi's metro rail sets
new world standards 

What is India News Service, Saturday, 18 December 2004, 2000 hrs IST


Snaking above, below and on the ground, one world-class train service is shaping a new future for urban transportation in India even as it brings cutting-edge travel technology to the subcontinent.

Since its inauguration in December 2002, the Delhi Metro has become the capital's showpiece as it makes travelling in this crowded, and at places chaotic, city of 15 million people and over four million vehicles quicker and more comfortable than ever before.

And Sunday will be a red-letter day for the Delhi Metro when Prime Minister Manmohan Singh will flag off the sleek, futuristic trains on their maiden journey underground.


Pharma, pvt bank stocks upbeat on dull day: The Sensex opened on a firm note before losing steam towards the end of the day. The decline was all-round barring select sectors such as private sector banks, pharma and cement. PSU stocks were the least affected. 

baazee.com CEO arrested,website to be shut down: Chairman and Chief Executive Officer (CEO) of baazee.com, Avneesh Bajaj, an India-born American national, has been arrested under Section 67 of the Infomation Technology (IT) Act and Delhi Police has initiated proceedings to close down the online trading portal.

No decision on EPF yet, says Govt: The Government on Friday clarified that it was yet to take any decision on EPF interest rate. In response to a query from BJP leader VK Malhotra, Leader of the House in Lok Sabha and Defence Minister Pranab Mukherjee said the Government was in the process of taking a decision on the proposal for increasing the EPF interest rate and would make an announcement in Parliament.

Work pressures telling on health of IT pros, says study: Young. Earning high salaries. Punctuates long working hours with junk food, coffee and aerated drinks. Holds the latest hand-held devices and speaks a language filled with IT jargon. Perhaps, these attributes could best describe IT and ITES pros. 

Amartya's pat for UPA, silence on Left's role: The Nobel laureate Amartya Sen on Friday side-stepped queries on the Left's role in evolving the economic policies of the United Progressive Alliance (UPA) Government at the Centre. The economist was delivering a lecture on India: Large and Small organised by the Planning Commission and Delhi School of Economics (DSE) in the Capital.

Cairn hit by Indian drilling troubles: Shares in Cairn Energy Plc fell over 20 per cent on Friday in the UK market after the British oil explorer said it had not found any new oil at a new exploration area in Rajasthan for which many analysts had high hopes. 

Renuka wants say in state tourism spends: The PM's committee on infrastructure will be taking stock of the tourism sector on Saturday.

Trai yet to decide on Flag Telecom: Telecom Regulator Trai said it was still discussing the issue of resale price of bandwidth supplied by Flag Telecom where the company has been accused of offering unfavourable commercial terms and conditions to Indian IT and ITeS companies and added that no directive has yet been issued on the matter. 

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