Burn Standard upbeat on takeover proposal by Railways

September 16th, 2009 NEW DELHI - The railways ministry Wednesday said it would not resort to forceful acquisition of land for railway projects, and that it would review its land acquisition policy. "The ministry of railways has decided that there shall not be any forceful acquisition of land for railway projects," the ministry said in a statement.

August 20th, 2009 Nutraceutical board rejects takeover offerPARK CITY, Utah — Nutritional supplement maker Nutraceutical International Corp. said Thursday its board has decided an unsolicited takeover proposal from Ryan Drexler is not in the best interest of shareholders.

August 20th, 2009 KOLKATA - Rubbishing talk that efforts are on to privatise the Indian Railways, Railway Minister Mamata Banerjee Thursday said she would be the last person to do so. "In some quarters there is mischievous talk that we are trying to privatise the railways.

July 10th, 2009 NEW DELHI - Despite the slowdown that has seen job cuts across sectors, the Indian Railways will fill 1.7 lakh vacant posts after reviewing the recruitment process, Railways Minister Mamata Banerjee said Friday. The Railway Recruitment Board (RRB) will review the hiring process and address regional aspirations and problems witnessed during recruitment in Maharashtra, Karnataka and Assam, Banerjee told the Rajya Sabha.

July 10th, 2009 NEW DELHI - The railways ministry has asked the Indian Railway Catering and Tourism Corp (IRCTC) to set up budget hotels at all major stations either directly or through the public-private partnership (PPP) route. "IRCTC follows the two packet open competitive bidding system to grant licenses.

July 7th, 2009 NEW DELHI - The Bharatiya Janata Party (BJP) Tuesday asked Railways Minister Mamata Banerjee "not to make Indian Railways an East India Company and alleged that the United Progressive Alliance (UPA) government has favoured West Bengal at the cost of many other states in the rail budget. "India is not (West) Bengal.

July 6th, 2009 KOLKATA - After being showered with goodies in the railway budget, West Bengal Monday got its share of booty from the union budget in terms of grants for the post-Cyclone Aila reconstruction efforts, setting up of an Aligarh Muslim University Campus and announcement of a handloom cluster. Expectations had been high in the run-up to the two budgets, as this was the first time in the last 25 years that both the finance and railways minister were from West Bengal.

July 3rd, 2009 KOLKATA - Railway Minister Mamata Banerjee's pledge that her ministry will buy 18,000 wagons in 2009-10 has excited West Bengal's wagon makers Friday. "It's good news for us.

July 3rd, 2009 NEW DELHI - Railways Minister Mamata Banerjee Friday proposed several steps, including launch of a premium service for container movement with assured transit time, to improve the freight movement on railways. Presenting her ministry's budget for 2009-10 in the Lok Sabha, Banerjee said besides improving the freight movement of its regular cargo like coal, iron ore, cement, fertilisers and food grain, the railways will take measures to increase the share of new items like automobiles and fly ash.

June 29th, 2009 Macquarie Communications says takeover approvedSYDNEY — Australia's Macquarie Communications Infrastructure Group stockholders on Tuesday voted in favor of the Canada Pension Plan Investment Board's 2.2 billion Australian dollars ($1.8 billion) takeover bid. The vote came a day after MCG, which owns and operates broadcast infrastructure in Australia and Britain including radio and television transmission towers, announced that the Canadian investor's bid had the necessary regulatory approvals.

June 1st, 2009 NEW DELHI - The railways ministry will carry forward the projects taken up by the former minister, Lalu Prasad, including the ambitious bullet train proposal, Minister of State for Railways K.H. Muniyappa said here Monday.

February 25th, 2009 NEW DELHI - A new book explaining how the second largest railway network in the world is managing disasters - both man-made and natural - was released here Tuesday. Railways Minister Lalu Prasad released the book, titled 'Disaster Management in the Indian Railways', written by Minister of State for Railways R.

February 12th, 2009 KOLKATA - Former railways minister and chief of West Bengal's principal opposition party Trinamool Congress Mamata Banerjee Friday termed the railway budget as an election gimmick. 'This budget is just a gimmick before the forthcoming Lok Sabha elections.

February 4th, 2009 NEW DELHI - The government Thursday approved a proposal to set up two greenfield electric and diesel locomotive factories in Bihar at an estimated investment of Rs.20 billion (Rs.2,000 crore). The factories will be set up in Madhepura and Saran districts as a joint venture between Indian Railways and an international manufacturer.

January 6th, 2009 NEW DELHI - Rakesh Kumar Tandon, an Indian Railways Traffic Service (IRTS) officer of the 1978 batch, took over as managing director of the Indian Railways Catering and Tourism Corp (IRCTC) Wednesday. Prior to this, Tandon was executive director (passenger marketing, and efficiency and research) in the railways ministry.