On May 20, 2024, RITES Limited, a leading Indian engineering consultancy firm and the export arm of Indian Railways signed a significant contract with Bangladesh Railways. The agreement entails the supply of 200 Broad Gauge (BG) passenger carriages valued at approximately $111.26 million (₹915 crore). Notably, this project is funded by the European Investment Bank …
Domestic indices started today’s trading session on a notably lower note, weighed down by losses in the information technology, FMCG, auto, and real estate sectors. While broader indices initially mirrored this downward trend, they managed to recover somewhat later in the trading session. At 10:25 am, the BSE Sensex fell 0.23% reaching a level of …
The NSE benchmark Nifty 50 index extended its winning streak for the third consecutive session during the special trading session on Saturday, closing above the 22,500 mark for the first time since May 2, 2024. Regarding the broader market indices, the Nifty Midcap 100 index reached a new all-time high on Saturday, closing at a …
On Tuesday, the benchmark indices were trading in the red with the Sensex down around 210 points or 0.30% at 73,785, while the Nifty-50 was down around 45 points or 0.20% at 22,458. About 1,528 shares have advanced; 1,749 declined and 156 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Rail Vikas Nigam Limited (RVNL) has announced its Q4FY24 results today. According to the consolidated financial statements, RVNL and its subsidiaries reported a significant increase in revenue and profitability, reflecting strong operational efficiency and effective management. Financial Performance The revenue increased by 17.2% to Rs.6,714 crore from Rs.5,720 crore. EBITDA rose 21.6% to Rs.456 crore …
India’s maritime sector is a critical facilitator of international trade. However, with cargo volumes on a continuous rise, existing port capacity is nearing its limits. To address this challenge, the government is actively promoting the development of greenfield ports – entirely new port projects built on undeveloped land. This strategy aims to not only increase …
The Indian government has set its sights on significantly boosting rooftop solar installations across the country, with a particular focus on the residential sector. The recently launched PM-Surya Ghar: Muft Bijli Yojana (PM-SGB MY) scheme offers a compelling incentive – free electricity up to 300 units per month – for up to 10 million households …
One of the most important aspects of infrastructure is power, which is essential for national welfare and economic progress. For the Indian economy to grow steadily, a suitable electricity infrastructure must be developed, and one is being developed. India has one of the world’s most diverse electricity industries. Power generation can come from various sources, …
JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group, The Steel company has reported its Q4 FY 2023-24 earnings today after market hours. Q4 Performance of JSW Steel The Steel Giant has reported below market estimates net profits for this quarter, The next …
Zydus Lifesciences Ltd., a prominent Indian pharmaceutical company renowned for its innovation, announced a significant agreement for the US market. Zydus Lifesciences Global FZE, a wholly-owned subsidiary, has entered an exclusive licensing and supply agreement with MSN Laboratories for Cabozantinib Tablets, the generic version of the established drug CABOMETYX®. Strategic Partnership for US Market Entry …
