The first metro train,
which was rolled out from Korea to Hyderabad recently, will be put on
tracks for test and trial in next couple of days. Chief Executive and
Managing Director of L&T Hyderabad Metro Rail Project, V B Gadgil,
has said. Addressing a gathering of Hoteliers Tours and Travels
professionals at a SKAL International Hyderabad meeting last night, he
said the three coach train which reached the city in the third week of
May will be put to test trial run soon. The inauguration of first phase
from Nagole to Mettuguda is slated for March, 2015 a release from the
organisers said. The trial run for commercial operations will commence
in couple of days and people can see the trains plying from Nagole to
Mettuguda, a stretch of eight-km in the first phase, on the viaduct,
Gadgil said. The total Metro Rail Project was taken with the total
outlay of Rs 20,000 crore, he said, adding, the project is the largest
investment of L&T ever made in any one single city. The Metro Rail
project when it is completed in five years span will register a record
for the shortest construction period for 72 kms stretch in just five
years, he said.
Correlating the ups and down in the Indian rupee with the stock market, Vijay Bhambwani, CEO, bsplindia.com, suggests that if the rupee continues with its downward fall, the Indian stock market may fall breach October lows and fall further. “If the rupee falls below the 53.0-53.50 mark vis-a-vis the USD, expect a mini meltdown atleast in the equity markets. In that case, the 2250 level (on Nifty) will be breached easily to form a new low. The possibility of that low being below the 2000 levels on the Nifty spot is fairly high,” he says. Bhambwani supports his outlook by comparing the value of rupee at the time of October lows. “The October 2008 lows were made with the INR at 51.20 - 51.40 band. The rupee has breached the 52 level since then. Clearly the nation’s ‘share price’ (currency) indicates weakness. The curency market is a far more accurate barometer of the nation’s health compared to the equity indices. Whether you like it or not, we are under siege. Had it not been March (NAV ...
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