How new-age infrastructure projects are redefining India

How new-age infrastructure projects are redefining India

The rising aspirations and needs of citizens are driving India towards new-age infrastructure where “SMART” is the byword. Almost every new infra project, be it public or private, coming up in the country is bringing in elements such as internet, internet of things, automation and technology to make it a part of evolving Smart India.

IRCTC website updated: A look at what’s new

IRCTC website updated: A look at what’s new

Indian Railway Catering and Tourism Corp., or IRCTC, Indian Railways’s most popular platform to book train tickets has relaunched its website. However, to ensure there is no inconvenience to the public, IRCTC is offering train bookings on both old and new website. Mint takes you to an experiential walk through the IRCTC new website.

Wipro Infrastructure Forays Into Automation Solution Business

Wipro Infrastructure Forays Into Automation Solution Business

Wipro Infrastructure Engineering, a business division of Wipro Enterprises Ltd, the privately held business by billionaire Azim Premji, has set up a new business division, called automation solutions, under which it will boost productivity of manufacturing companies in India, the Middle East and Africa by making up industrial robots in their facilities.

Spring in BHEL’s profitability appears unsustainable

Spring in BHEL’s profitability appears unsustainable

Shares of Bharat Heavy Electricals Ltd (BHEL) rallied over 5% on Tuesday after it surprised the Street by reporting a sharp improvement in profitability for the March quarter (Q4). Its Ebitda (earnings before interest, taxes, depreciation and amortization) margin expanded 5.9 percentage points to 13.8% from a year ago, exceeding single-digit margin estimates of the Street.

CIL hit by gratuity provision but revenue growth is a bright spot

CIL hit by gratuity provision but revenue growth is a bright spot

At first glance, Coal India Ltd’s (CIL’s) reported March quarter consolidated Ebitda looks miserably low at just Rs196 crore. But employee costs rose a whopping 80% against the year-ago period, which included Rs7,384 crore towards provisions for an increase in the gratuity ceiling. This is one-off in nature. Adjusting for this, earnings are better than expected, say analysts.