E-PaperAlstom News
Govt approves Alstom’s locomotives to run at 120 kmph for goods transportation
These electric locomotives will allow faster and safer movement of heavier freight trains capable to carry around 6,000 tonnes at speed of 120 kmph
1 min read14 Oct 2020CCI approves Alstom's acquisition, sole control over Bombardier Transportation in India
In India, Bombardier Transportation is engaged in the sale of rail vehicles, propulsion, control equipment and signalling solutions
1 min read19 Sep 2020Indian Railways' most powerful locomotive joins its network
Indian Railways' freight locomotive began its journey from Pt Deen Dayal Upadhyay railway station in Uttar PradeshThe WAG12B locomotive of Indian Railways will allow faster and safer movement of heavier freight trains
2 min read19 May 2020Alstom to buy Bombardier rail unit for up to $6.7 billion
Deal follows failed Alstom-Siemens combinationRail firms trying to face up to Chinese competition
2 min read18 Feb 2020Alstom reaches deal to buy Bombardier’s train unit: Report
Alstom is expected to buy the unit using mainly cash and some stock componentAlstom going ahead with a deal could allow the French company to avoid paying a material premium due to Bombardier Transportation’s cash needs
1 min read17 Feb 2020Alstom bags ₹700 crore contracts from Mumbai, Pune metros
The contract for the Mumbai metro, awarded by the Delhi Metro Rail Corporation, is to provide the CBTC signalling system as wellThe contract for the Pune metro, awarded by the Maha Metro Rail Corporation, will see Alstom providing the CBTC technology for the two corridors
1 min read28 Mar 2019Siemens, Alstom make new EU concessions to save merger
The planned merger unveiled in 2017 was billed as a defensive move as the Chinese giant CRRC expands onto the global marketSiemens and Alstom have previously offered to sell off some business activities and license other technologies
2 min read28 Jan 2019GE’s decline is a warning to Corporate India
General Electric, and its ouster from Dow Jones Industrial Average, has become an apt metaphor for the changing dynamics of business
3 min read4 Jul 2018Indian Railways to review plan for coach factory in West Bengal
A committee is said to have been formed to make an assessment of coach requirements by the Indian Railways till 2027-28
2 min read9 Jan 2018GE’s 12,000 global job cuts highlight uneasy shift to renewable energy
GE's plan to cut 12,000 global jobs underscores its bad bet on an old-school industry as natural gas loses favour and renewable energy gains
2 min read9 Dec 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared