Business
Indian Railways 2025 Milestones To Set Stage For 2026
New Delhi: As many as 42 projects of the Indian Railways, including innovation, indigenisation, track renewals, electrification works, and “airport-like facilities” at redeveloped stations to redefine rail travel, worth over Rs 25,000 crore, were commissioned in 2025 to make passenger and freight trains safer and faster in the country, an official statement said on Sunday.
The New Year is all set to offer comfortable sleeper journeys in long-distance travels through Vande Bharat & Amrit Bharat trains, cutting short the journey time, as well as giving travellers the branded food & beverage options at railway stations, according to a year-end review released by the Ministry of Railways.
During the calendar year 2025, Indian Railways introduced 15 Vande Bharat Express trains. As on December 26, a total of 164 Vande Bharat train services are running across the Indian Railways network. Looking ahead, the upcoming Vande Bharat Sleeper is set to transform overnight travel. It will combine speed, comfort, and modern amenities for long-distance passengers.
Another 13 Amrit Bharat Express trains, which are fully non-AC trains, have also been introduced. A total of 30 Amrit Bharat train services are now running across the Indian Railways network to provide quality services to the common man.
Besides, Namo Bharat Rapid Rail Services are designed for high-frequency and regional connectivity, strengthening short and medium-distance mobility in high-demand corridors.
Landmark projects completed during the year include opening the country’s first vertical-lift rail bridge at Pamban, bolstering Kashmir connectivity with all-weather rail links (including the world’s highest Chenab bridge), and extending rail access into the Northeast with the new Bairabi–Sairang line.
Between April 1 and November 30, Indian Railways commissioned over 900 kilometres of new track lines. Besides laying the new tracks, the focus is to renew the existing rail tracks to ensure safer, faster and more comfortable travel. Track renewal works have been carried out across 6,880 track km, rails renewed with new rails, and complete track renewal for 7,051 track km has been done during the year, the statement said.
During the period 2014–25, a total of 34,428 km of new track was laid at an average of 8.57 km/day, which is more than twice the average daily commissioning (4.2 km/day) during the period 2009–14.
These modernisation efforts are complemented by the raising of sectional speeds to improve train operations and passenger convenience. Sectional speed has been increased to 130 kmph over 599 track km, covering parts of the Golden Quadrilateral, Golden Diagonal, and other B routes. Further, speeds of 110 kmph have been achieved over 4,069 track km, combining infrastructure upgrades with advanced track machinery to ensure faster, safer, and more efficient train operations.
Electrification of the railway network has been taken up in mission mode. So far, about 99.2 per cent of the Broad Gauge (BG) network has been electrified. Electrification in the remaining network has been taken up. This achievement is significantly higher than the electrification levels of the UK (39 per cent), Russia (52 per cent) and China (82 per cent). A total of 14 Railway Zones and 25 states/Union Territories have now achieved 100 per cent electrification.
In FY 2025-26 (up to November 2025), more than 4,224 hi-tech LHB coaches were also produced, 18 per cent higher than the corresponding period last year. Between 2014-25, production increased 18-fold compared to 2004-14, ensuring safer, smoother and more comfortable journeys.
Indian Railways has made a major leap in modernisation by manufacturing over 42,600 LHB coaches in the last 11 years. LHB coaches are known for higher safety standards, lower maintenance costs and superior operational efficiency.
The Railways have also achieved remarkable progress in safety performance. Consequential Train Accidents during the period 2004-14 was 1711 (average 171 per annum), which has declined to 31 in 2024-25 and further to 11 in 2025-26 (up to November 2025). The safety budget has nearly tripled, rising from Rs 39,463 crore in FY 2013-14 to Rs 1,16,470 crore in the current financial year. Fog safety devices increased from 90 in 2014 to 25,939 in 2025. In the last four months alone, Centralised Electronic Interlocking and Track Circuiting have been completed at 21 stations, the statement said.
Kavach Version 4.0, the latest indigenously developed Automatic Train Protection (ATP) system, has also been commissioned over 738 route kilometres. The safety system assists the Loco Pilot in operating trains within prescribed speed limits by automatically applying brakes in case of human failure and also enables safe train operations during adverse and inclement weather conditions.
Meanwhile, the 508 km Mumbai-Ahmedabad High Speed Rail (MAHSR) Project has achieved physical progress of 55.63 per cent as on November 30, while overall financial progress has touched 69.62 per cent with an expenditure of Rs 85,801 crore, the statement added.
Business
PSX gains over 2,500 points as US-Iran peace hopes fuel bullish rally | The Express Tribune
KSE-100 surges past 170,000 intraday on strong institutional buying, easing geopolitical tensions
KARACHI:
The Pakistan Stock Exchange (PSX) extended strong bullish momentum on Monday as the benchmark KSE-100 Index hovered around 170,423.30 points at 1:24pm, up 2,579.06 points or 1.54% in intraday trade.
During the session, the benchmark index touched an intraday high of 171,519.26 points, while the day’s low was recorded at 170,161.66 points. Market participation remained strong, with traded volume reaching 125.96 million shares and total traded value standing at Rs11.75 billion.
Read: PSX gains 2,248 points in mixed week
Investor sentiment remained upbeat amid reports of a likely peace agreement between the United States and Iran, which boosted confidence across regional markets and improved risk appetite among investors.
Analysts said the rally was driven by aggressive institutional buying and renewed optimism over easing geopolitical tensions following progress in US-Iran negotiations.
The previous close of the KSE-100 index was 167,844.24 points.
Business
Oil prices slide on hopes of US-Iran peace deal
Trump said on Saturday that an agreement would include the reopening of the Strait of Hormuz, without giving further details.
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Business
Shop numbers return to growth after years of decline, say experts
UK high streets and shopping destinations are showing signs of recovery as more than 13 retail stores opened each week over the past year, according to new figures.
However, England and Wales have still seen more than 6,000 retail premises vanish from local communities over the past five years.
Analysis of Valuation Office Agency data by tax firm Ryan, found that there were 507,810 retail premises across England and Wales at the end of 2025.
It said the figures showed that a recent contraction across the sector has appeared to stabilise, with a 723 net increase in the number of retail stores compared with a year earlier.
Property numbers increased across every region of England and Wales, with the exception of the North West, which saw a decline of 41.
It suggests that parts of the sector are now beginning to rebalance following significant structural contraction seen since the pandemic.
The creation of new retail units also comes as many retail real estate firms, such as Hammerson, have turned empty large units, often former department stores, into a greater number of smaller units.
Other retail groups, such as John Lewis, have moved away from ambitions to transform some retail property for other uses such as rental accommodation.
Nevertheless, the retail sector is still facing pressure from higher business rates for many firms, increased labour costs and concerns over consumer sentiment.
The data also shows that there has also been significant decline over the past few years, with a net reduction of 6,045 retail properties since the end of 2020.
London recorded the largest five-year regional reduction, with 1,266 retail premises disappearing over the period, followed by the South East (-1,191), North West (-719) and North East (-672).
The figures show retail premises which have permanently disappeared from communities altogether, having either been demolished or converted for alternative use.
The figures come as Ryan’s 2026 annual business rates review highlighted that the retail sector saw a 9.3% increase in rateable values at the 2026 business rates revaluation despite the major shift in the retail landscape since the pandemic.
Alex Probyn, practice leader for Europe and Asia-Pacific property tax at Ryan, said: “The pandemic accelerated structural changes that were already emerging across the retail sector, including changing consumer behaviour, hybrid working patterns and a reduced reliance on traditional retail floorspace in many locations.
“Many locations were arguably over-retailed before Covid and high streets have evolved towards more mixed-use environments, with retail space being rebalanced alongside growing demand for residential, leisure, hospitality and service-led uses.
“The revaluation outcome does suggest a large proportion of retail premises have seen bigger increases in their assessments than underlying market conditions and rental evidence would have led occupiers to expect.
“Retailers should therefore carefully review and, where appropriate, challenge their assessments.”
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