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Home / Business News / 2008 / February 2008 / February 26, 2008
Business News for February 26, 2008, Finance & Stock Market updates for February 26, 2008

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Business News for February 26, 2008, Finance & Stock Market updates for February 26, 2008

Lalu announces integrated plan to strengthen railway security
Reaffirming Indian Railways commitment to the security of passengers, Railway Minister Lalu Prasad today announced drawing up of an Integrated Security Plan to strengthen railway security. ANI

Minority welfare cells to be set up in railway board, zonal offices
Railways Minister Lalu Prasad Yaday on Tuesday said that his ministry has issued directions for setting up minority cells in all Zonal Railway offices and in the Railway Board for promoting minorities welfare and ensuring their adequate representation in railway services. ANI

Vision 2025 for resurgent Railways to be finalised: Lalu
Railways Minister Lalu Prasad on Tuesday said that a Vision 2025 document would be finalized within six months to sustain the magical turnaround in Railways performance. ANI

Anti collision device for railways will be introduced in two years: Lalu Prasad
Railways Minister Lalu Prasad on Tuesday announced that the Anti Collision Device would be introduced in Southern, South Central and South Western Railway in the next two years. ANI

Lalu reduces petrol, diesel freight rate by 5 percent
Railway Minister Lalu Prasad today announced completion of the process of rationalisation of freight structure that will reduce freight rates for petrol and diesel by five per cent. ANI

Lalu announces free travel for girl students up to graduation
Railways Minister Lalu Prasad Yadav on Tuesday announced concessions for students that include free monthly season tickets for girl students up to graduation and for boy students up to 12th standard. ANI

Ten new Garib Raths, 53 other new trains to run on tracks: Lalu Prasad
Railway Minister Lalu Prasad on Tuesday announced the introduction of 10 new Garib Rath trains to provide better comfort at lower fare and also proposed introduction of 53 new trains and extension of 16 trains. ANI

Licenced porters to be appointed as gangmen
In view of the long pending demand of licenced porters, the Minister for Railways, Lalu Prasad Yadav in his Budget speech announced that the Railways have decided on a one time basis to appoint them as gangmen and to other Group D posts after due screening. ANI

Lalu Prasad proposes ten-fold increase in contribution to staff benefit fund for railway employees
Presenting the Railway Budget for 2008-09 in the Lok Sabha on Tuesday, Railways Minister Lalu Prasad proposed to increase contribution to the Staff Benefit Fund of Railway employees from 35 rupees to 350 rupees per employee for the next fiscal. ANI

New railway factories to be set up in Kerala and Bihar
A new railway coach factory is to be set up in Kerala and a new wagon reconstruction unit at Garkha in Chapra District of Bihar. ANI

Railway Minister announces reduction in passenger fares
Railways Minister Lalu Prasad today announced reduction in passenger fares of various classes. ANI

Lalu Prasad announces route-wise development of high-density network
Railways Minister Lalu Prasad on Tuesday said that an investment of 75,000 crore rupees will be made over the next seven years to augment line capacity on identified routes to create the required capacity for carrying an additional 310 million tonnes. ANI

Highlights of Railway Budget 2008-09
Railway Minister Lalu Prasad Yadav presented his fifth and last budget today. The Minister announced a surplus Balance Sheet for the year 2007-08. ANI

Local Managers Participate in Convergys' Emerging Leaders Program
Business Wire India

Business Wire India is the Official International News Dissemination Partner for India Private Equity Fair (IPEF) 2008
Business Wire India

Defrag: System Slowdown Vs. Maximum System Performance
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Arteria Adjudged as the"Best Sap Netweaver Process Integration Partner 2007"
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Tumbleweed Positioned in Leaders Quadrant of 2007 Gartner Email Encryption Magic Quadrant
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Travel + Leisure Organizes a Panel Discussion "Travel Extravaganza"
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ExxonMobil Helps Launch Malaria Prevention Program in Nigeria
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FINEOS Achieves IBM SOA Specialty Status
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Toshiba Launches New 1.8-inch HDD with Serial ATA Interface
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Tata Communications Expands Global VPN Services to China through Partnership with China Entercom
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SKY TELEVISION Selects NVISION for Broadcast Infrastructure
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Vitesse SFP+ Chipset Reaches Full Production
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New Teknovus EPON Optical Line Terminal Chip to Revolutionize Service Provider ROI and Subscriber Experience
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Navis Appoints Mark Welles VP of Sales in Japan and Asia Pacific
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Midcaps and Smallcaps shines
The Rail Budget introduced today looks like one that attempts to impress the common man. The Indian stock markets had a reasonably good day today. Both Sensex and Nifty closed marginally positive. GetPaidIndia

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