Tag Archives: Rail

Apple Pay Japan Debut Hit by Problems as Rail Commuters Struggle

Apple Inc.’s entry into Japanese digital payments is off to a rough start as system trouble prevents commuters from charging their passes. East Japan Railway Co. said users are experiencing difficulties connecting to the Mobile Suica contactless payment system, after the rail operator servicing Tokyo metropolitan area began accepting Apple Pay on Tuesday. The trouble started shortly after 9amĀ in Tokyo, ... Read More »

Sensex Ends 113 Points Lower as Rail Budget Fails to Cheer Markets

3:35 p.m.: The Sensex ended 113 points lower at 22,976 and Nifty closed at 6,971, down 48 points. 3:02 p.m.: Selling pressure intensified in the last 30 minutes of trade. The Sensex fell 130 points to 22,958 and Nifty was down 52 points at 6,967. 2:49 p.m.: The markets turned flat in the late noon deals. The Sensex was down ... Read More »

Suresh Prabhu’s Passenger-Friendly Rail Budget Fails to Cheer Markets

Suresh Prabhu’s promise of achieving the best financial performance in nine years did not materialize The railways is expected to suffer a loss of Rs. 30,000 crore this year for subsidizing passenger fares, yet Railway Minister Suresh Prabhu kept ticket fares unchanged. The railways will also launch 44 new projects this year (valued at over Rs. 92,000 crore) in a ... Read More »