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International

India’s ambitious railway budget
$1.37 billion for drastic improvement — but it may be difficult to do
India pledges $137 billion to modernise railways
Railways Minister Suresh Prabhu promises to raise Indian Railways to global standards
European Union unveils mega energy plan
The bloc will merge 28 national markets to wean Europe off Russian supplies
Gujarat budget is ‘average’
The Gujarat Chamber of Commerce and Industry termed the budget as ‘average and routine’.
Greece won’t get ‘a single euro’ till pledges met: Germany
If the conditions are not met and the Greek reform plans presented to creditors this week are not substantiated with figures, no more money will be paid.
Fed rate hike? Let’s do one meeting at a time: Yellen
Economic conditions being monitored; home sales sector weak
EU backs Greek reform plan and 4-month aid extension
Social measures to be budget-neutral, privatisations to continue
Finmeccanica to sell its rail business to Hitachi for $2.2b
The Hitachi deal, which will cut Finmeccanica’s debt by €600 million, is expected to boost investors’ confidence in Chief Executive Mauro Moretti’s ability to turn the company around.
Drone sales in Gulf expected to surge after US eases export policy
US manufacturers were equally upbeat and joint ventures were in their sights with Gulf partners aiming to develop domestic capabilities.
The very list: Greece seeks bailout extension with reform proposals
The tentative agreement boosted global markets as fears eased of a “Grexit” or eurozone exit — which could have highly damaging wider ramifications — and stocks mostly rose in Asia and Europe.
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