Railways must exit catering business and focus on managing train services

Railways must exit catering business and focus on managing train services

A TV flash about a nail or a lizard found in a meal served to a train passenger is usually followed by a predictable official drill: Portentous announcements on termination of contracts, imposition of fines or the blacklisting of the firms. Disciplinary action is announced against officials found to be either negligent or for being in cahoots with the “rail catering mafia”. Clear-cut action plans and strict timelines aimed at fixing problems are issued. Once all these are done, the gigantic machinery of the Indian Railways (IR) reverts to its…

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A white Ambassador and lal batti are to kill for: Why the civil services coaching bazaar survives

A white Ambassador and lal batti are to kill for: Why the civil services coaching bazaar survives

New Delhi: A two-lane road leads up to the Batra Complex in Mukherjee Nagar, and it is not the one less travelled. Thousands flock here from every nook and corner of India to prepare for various competitive exams, particularly the civil services, at many big and small coaching centres, making for a multi-crore-rupee industry. The years of prep and money spent will be put to test on Sunday, when over 11.36 lakh aspirants will take the civil services exam preliminary, the first step towards joining India’s elite bureaucracy. Coaching hubs…

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Top Notch Writing Services Catering to Academic and Professional Requirements

Top Notch Writing Services Catering to Academic and Professional Requirements

Regardless of career choice made and level of merit, nearly every student needs to write essays in school days. However, not all of them become expert in writing essays, for various reasons. The truth is, later in life, you may have to write essays. It is not uncommon to see well educated and skilled men and women faring poorly at easy writing later in career. Lack of writing habit or many other factors can lead to it. Whether you need to craft an essay for academic or professional reasons, opting…

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MobiKwik Looking to Expand Financial Services Offerings

MobiKwik Looking to Expand Financial Services Offerings

Gurgaon-based mobile wallet firm MobiKwik expects to turn profitable by mid-2017 and plans to diversify revenue streams by offering financial products like loans and mutual funds, a senior executive said. “We are looking at diversifying our revenue streams and our first goal is to be profitable on a monthly basis by middle of 2017,” MobiKwik founder and chief executive Bipin Preet Singh told PTI. The firm looks to expand its financial services offerings and has started entering into partnerships with banks and financial institutions for the same. MobiKwik is partnering…

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India Funding Roundup: An Online Legal Services Provider, Loan Marketplace, and More

India Funding Roundup: An Online Legal Services Provider, Loan Marketplace, and More

Our latest funding roundup compiles seed stage investments in Indian subscription based grocery delivery startups, legal services providers, loan application portals, and proximity marketing firms. Deal4Loans Noida-based Deal4Loans, a loan information and application portal that provides information on personal, home, car and business loans, and credit cards from different banks has raised an undisclosed amount of funding from international investors, including Ram Shriram, Neeraj Arora, Samir Sood, and Puru Vashishtha. Founded in 2009, the company has reportedly booked over Rs. 10,000 crores in loans through seven million customers. LegalRaasta Online…

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