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As On 02-Dec-2021 EOD, Market Closed
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  • Budget Offers Boost To Public Transportation In Urban Areas

    Finance Minister stated in her Budget speech today that the Government would work towards raising the share of public transport in urban areas through expansion of metro rail network and augment of city bus service. A new scheme will be launched at a cost of `18,000 crore to support augmentation of public bus transport services. It will facilitate deployment of innovative PPP models to enable private sector players to finance, acquire, operate and maintain over 20,000 buses. The scheme will boost the automobile sector, provide fillip to economic growth, create employment opportunities for the youth and enhance ease of mobility for urban residents.

    Metro train services are expanding all across the country at a rapid pace. A total of 702 km of conventional metro is operational and another 1,016 km of metro and RRTS is under construction in 27 cities. While presenting the Budget, the Minister said that Government plans to deploy two new technologies i.e. ‘MetroLite’ and ‘MetroNeo’ to provide metro rail systems at much lesser cost with same experience, convenience and safety in Tier-2 cities and peripheral areas of Tier-1 cities.

    Budget proposed Central counterpart funding to:

    Kochi Metro Railway Phase-II of 11.5 km at a cost of `1957.05 crore.
    Chennai Metro Railway Phase –II of 118.9 km at a cost of `63,246 crore.
    Bengaluru Metro Railway Project Phase 2A and 2B of 58.19 km at a cost of `14,788 crore.
    Nagpur Metro Rail Project Phase-II and Nashik Metro at a cost of `5,976 crore and `2,092 crore respectively.

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Flash News 02-Dec-2021
  •  ( 17:36) Tega Industries IPO subscribed 13.87 times  
  •  ( 17:19) Anand Rathi Wealth IPO subscribed 1.60 times  
  •  ( 15:57) Mahindra Finance disbursements rise 14% YoY in November  
  •  ( 15:40) BDL inks Rs 471-cr deal with Indian Army  
  •  ( 15:22) HFCL appoints two industry leaders for its subsidiaries in US & Netherlands  
  •  ( 15:01) Skipper bags orders worth Rs 300 crore  
  •  ( 13:39) Benchmarks trade near day's high; The Nifty index re-claims 17,300 mark  
  •  ( 12:37) Oil & gas stocks rise for second day  
  •  ( 12:35) Indices trade with decent gains  
  •  ( 11:06) Lupin arm, TTP PLC sign deal to develop soft-mist inhalation tech platform  
  •  ( 11:06) Lupin arm, TTP PLC sign deal to develop soft-mist inhalation technology platform  
  •  ( 10:44) RattanIndia Ent. backed- Revolt Motors opens dealership store in Kolkata  
  •  ( 10:28) Maruti Suzuki November 2021 total production down 3% Y-o-Y to 1.45 units  
  •  ( 10:23) Globus Spirits wins tender for supplying ethanol to OMCs  
  •  ( 09:49) NMDC November 2021 iron ore production up 0.60% Y-o-Y to 3.34 MT  
  •  ( 09:29) Eicher Motors records 19% YoY drop in November motorcycle sales  
  •  ( 09:28) Hero MotoCorp sales drop 41% YoY in November  
  •  ( 09:28) Benchmarks drift higher in early trade  
  •  ( 09:18) Coal India November 2021 offtake nos. up 10.8% Y-o-Y to 56.8 MT  
  •  ( 08:56) JMC Projects (India) secures two orders in India worth Rs 1,795 cr  
  •  ( 08:29) US stocks end lower as Omicron and inflation worry investors  
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02 December 2021 00:00
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