Gold
L&T optimistic about Hyderabad Metro ridership post IT Sector return
Larsen & Toubro (L&T) is optimistic about an increase in ridership on the Hyderabad Metro once employees from the Information Technology (IT) sector return to their offices. The company anticipates that the resumption of regular office operations will lead to a surge in metro commuters, boosting the system's ridership and revenue.
The Hyderabad Metro, operated by L&T, has witnessed a decline in ridership during the COVID-19 pandemic, primarily due to remote work arrangements and reduced office occupancy. With many IT companies transitioning to remote work policies and implementing flexi..
India's L&T Forecasts Lower Revenue Growth
India's prominent engineering and construction conglomerate, Larsen & Toubro (L&T), has recently forecasted a tempered revenue growth trajectory and order inflow for the fiscal year 2025. This projection comes amidst a complex economic landscape both domestically and globally.
L&T, often seen as a bellwether for India's infrastructure and construction sector, anticipates challenges in sustaining its growth momentum. The company, with its diverse portfolio spanning infrastructure, power, hydrocarbon, and heavy engineering sectors, plays a significant role in the nation's development lan..
L&T Mulls Exiting Hyderabad Metro
Larsen & Toubro (L&T) is contemplating the possibility of exiting the Hyderabad Metro project as the business suffers from the adverse effects of free bus rides offered by the state government. The company is evaluating its options amid financial challenges caused by reduced metro ridership due to the availability of free bus transportation.
The decision to potentially exit the Hyderabad Metro project comes as a result of declining revenues and profitability, attributed to the state government's initiative of providing free bus rides to commuters. This move has led to a significant decr..
Andhra train crash: CRS report implies avoidable accident
Railway safety experts, loco pilot associations, and trade union representatives attributed primary blame for the collision of two trains in the Waltair Division of the East Coast Railway, which resulted in 17 fatalities, to senior railway operating officials. They referred to the October 29, 2023, train accident.
According to the Commissioner of Railway Safety (CRS) report, it was found that three trains had overrun two defective signals before the accident. It was alleged that senior operating officials had overlooked these signals. The collision occurred when Train No. 08504 (VSKP-R..
Railways Calls for Bids for Varanasi Division Projects
Indian Railways has initiated the bidding process for various infrastructure projects in the Varanasi division. These projects aim to enhance rail connectivity and modernise facilities in the region, bolstering local transportation and economic growth.
The projects include the construction of new railway lines, upgrades to existing tracks, and improvements in station infrastructure across Varanasi division. This initiative is part of Indian Railways' ongoing efforts to modernise and expand its network, catering to increasing passenger and freight demands.
The bidding process invi..
Opinion Poll
Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?
Latest updates
