# RITES Ltd CMD Rahul Mithal said the company is working with Indian Railways to develop the design for a standard-gauge Vande Bharat platform for future exports.

*business, biotech · news · 2026-05-27 · Moneycontrol*

## Key points

- India is developing a standard-gauge Vande Bharat Express to target overseas export markets.
- RITES Ltd and Indian Railways are collaborating on the new export-oriented train design.
- Interest in the standard-gauge Vande Bharat has come from Bangladesh, Sri Lanka, Nepal, Africa, and Latin America.
- BP has removed chairman Albert Manifold citing serious governance concerns less than a year after appointing him.
- The Indian government plans to sell up to 2% stake in Coal India via an offer for sale.

India is working on a standard-gauge version of the Vande Bharat Express as it looks to export the semi-high-speed train to overseas markets. RITES Ltd CMD Rahul Mithal told Mint that the company is working with Indian Railways to develop the design for a standard-gauge Vande Bharat platform for future exports. Interest has come from Bangladesh, Sri Lanka, Nepal, and some markets in Africa and Latin America, Mithal said. He also added that the new design is still at an initial stage. Production will begin only after approvals and firm export orders. Zee Entertainment has confirmed that it is in talks to secure broadcasting rights for the FIFA World Cup 2026 in India as the company expands its sports portfolio with four new sports channels. The development comes amid uncertainty around the tournament’s India broadcast rights, with the global football event set to begin in less than three weeks. British energy major, BP has removed chairman Albert Manifold with immediate effect, less than a year after his appointment, citing serious concerns related to governance standards, oversight and conduct. The company said its board unanimously decided to remove Manifold but did not disclose specific details behind the decision. The move marks the latest leadership shake-up at the energy major amid ongoing shareholder pressure and strategic challenges. The government will sell up to 1% stake in Coal India through an offer for sale (OFS), with an option to offload an additional 1% stake. The floor price has been fixed at Rs 412 per share. The OFS will involve sale of up to 61.63 million shares. The issue opens for non-retail investors on May 27, while retail investors can bid on May 29.

**Companies:** RITES Ltd, Zee Entertainment
**Countries:** India, Bangladesh, Sri Lanka, Nepal

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