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Tamhini Ghat On Pune-Raigad Route Closed For Traffic After Heavy Rains
Officials have advised motorists to avoid all ghat sections and non-essential travel
Sebi proposes to allow direct market access route to all investors
Market regulator proposes expanding direct market access beyond institutional investors and allowing exchanges to specify eligible investor categories for ETCDs
Passenger body urges Railway Minister Ashwini Vaishaw to restore all 7 trains on Pathankot-Kangra line to reduce overcrowding
Commuters in Kangra Valley are urging the Railway Minister to reinstate all seven train services on the Pathankot-Baijnath route, citing severe overcrowding and unsafe travel conditions. Only two pairs of trains have resumed after a four-year suspension due to flood damage. Passengers face perilous journeys, standing at coach doors due to the heavy rush on the limited six-coach trains.
Explained: Why Bharti Airtel, Vodafone Idea shares rallied up to 4% on Tuesday
Bharti Airtel and Vodafone Idea shares gained up to 4% after Bombay High Court quashed the government's one-time spectrum charge demands, providing a combined relief of Rs 20,000 crore to Vodafone Idea and Bharti Airtel. The court ruled the government lacked legal authority to issue the demand notices, annulling all actions taken under them and directing the return of bank guarantees.
Bombay HC sets aside govt order on one-time spectrum charges on Airtel, Vodafone Idea
The Bombay High Court has cancelled the one-time spectrum charges for Bharti Airtel and Vodafone Idea. This decision brings relief of approximately Rs 20,000 crore to both companies. Bank guarantees submitted by the firms will be returned. All demand notices and orders concerning these charges have been set aside. The Supreme Court is still considering the matter.
INR appreciates under Rs 95 per dollar after RBI announces measures to support foreign capital inflows and strengthen forex liquidity
The Indian rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. The announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. The RBI kept its repo rate Steady at 5.25% amid uncertainty owing to US-Iran War. However, it expanded the Fully Accessible Route, or FAR, to include all new 15-year, 30-year and 40-year government security issuances. Due to this, the foreign investors will get wider access to longer-tenor Indian government bonds. This also opens up more room to invest in Indias bond market. The central bank has also ...
RBI announces measures to attract foreign capital
The Reserve Bank of India (RBI) has announced few measures in order to attract capital flow. Firstly, for government securities under the Fully Accessible Route (FAR), the central bank is expanding the universe of specified securities by including all new issuances of 15-, 30- and 40-year tenor G-secs. In addition, limits pertaining to short-term investment, concentration and individual securities on FPI investment under the General Route are being removed. These measures along with the tax benefits provided by the government this morning should help attract foreign capital for government borrowing. Second, the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased. Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs. Third, a facility of concessional forex swap will be provided till 30th September 2026 to incentivize ECBs by PSUs.
Vodafone Idea counters Airtel’s priority plan with everyone matters campaign
Vodafone Idea has launched a campaign promising equal network priority for all its users, directly opposing Bharti Airtel's new Priority Postpaid plan. Vi's CMO stated that preferential treatment raises questions about equity in the digital ecosystem. The company is investing in network expansion and AI technology to ensure consistent connectivity for everyone.
Multibagger HFCL shares surge 9% to record high on ₹135 crore RailTel order; stock up 160% in under 2 months
HFCL's shares rose 9% to an all-time high after securing a ₹135.09 crore order for maintenance services from RailTel. The company reported a strong Q4 profit and aims for significant revenue growth through product exports.
Telecom subscriber base grows to 133.7 cr in April, Airtel stays on top: Trai data
Bharti Airtel secured the top spot in subscriber growth for April. The company added 34.82 lakh new customers, surpassing rival Reliance Jio in net additions for both wireless and wireline segments. India's total telecom subscriber base reached an all-time high of 133.75 crore. This growth highlights the dynamic nature of the Indian telecom market.
Railways approves 10-coach hydrogen train for Jind-Sonipat route at 75 kmph speed
India's first hydrogen-powered train is set to begin operations between Jind and Sonipat. This 10-coach DEMU train will run on hydrogen fuel cells, marking a significant step in sustainable rail transport. The Railway Ministry has granted approval after rigorous technical and safety testing. While operations are not immediate, all necessary compliance and verification stages are underway.
Sterlite Tech shares are up 375% this year and CLSA sees another 48% upside
All four analysts tracking Sterlite Tech have a "buy" rating on the stock. CLSA's price target is the highest on the stock for the street.