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Constructing 15 kilometres bullet train track every month: Ashwini Vaishnaw
India is accelerating bullet train development, constructing 15 kilometers of high-speed track monthly. The first bullet train project is slated for an August opening next year. Future projects will utilize standardized components to boost local manufacturing. Seven new high-speed corridors are planned, spanning nearly 4,000 kilometers and attracting significant investment.
Govt approves ₹23,437 crore railway expansion across 6 states
The Union Cabinet has approved three major railway projects costing over ₹23,000 crore. These projects will add nearly 900 km to the Indian Railways network. They aim to reduce traffic congestion and boost capacity. This will improve connectivity across several states. The enhancements will also support the transport of essential goods and reduce logistics costs.
Cabinet approves two new semiconductor units worth Rs 3,936 crore under India Semiconductor Mission
India is set to boost its semiconductor manufacturing. The Union Cabinet has approved two new units, Crystal Matrix Limited and Suchi Semicon, with an investment of over Rs 3,900 crore. Crystal Matrix will produce advanced display components. These projects are part of India's growing semiconductor pipeline. Several semiconductor plants are expected to be ready by 2026 and 2027.
Afcons Infra secures ₹373 crore orders for urban, metro projects in April
Afcons Infrastructure wins ₹373 crore urban and metro EPC and tunnelling orders, 20% equity lock in ends, shares close at ₹342, up 0.68%.
NCLAT sets aside NCLT insolvency order against Embassy Developments
Embassy Developments has won a significant legal battle. The National Company Law Appellate Tribunal has cancelled an earlier order that placed the company into insolvency proceedings. This ruling brings an end to the corporate insolvency resolution process. The developer's operations and projects remain unaffected. This positive development follows strong financial performance, with substantial pre-sales reported for the fiscal year.
Top Gainers & Losers on May 4: Meesho, Vedanta, HFCL, BHEL, Cemindia Projects, Anant Raj among top gainers
On May 4, major indices saw gains due to strong buying in heavyweight stocks and positive state election trends for the Bharatiya Janata Party. The Nifty 50 rose 0.51% to 24,119, while the S&P BSE Sensex increased 0.31% to 77,159, with midcap and smallcap indices outperforming.
RailTel shares gain after strong Q4 led by execution
RailTel Corporation's order book remains strong at ₹10,166 crore, including around ₹1,000 crore from Kavach-related projects, offering healthy revenue visibility going ahead.
Cemindia Projects among 5 stocks that closed above VWAP
Five stocks from the Nifty500 universe closed over 2% above their VWAP on April 30, indicating strong intraday buying and improving sentiment. A close above VWAP signals price strength during the session and is considered a short-term bullish indicator, suggesting sustained accumulation and potential for continued upward momentum.
Saint-Gobain to invest $1 billion in India, bets on growth shift
French company Saint-Gobain will invest nearly one billion dollars in India over the next five years. This investment signals a major shift towards emerging markets for growth. India's growing population and urbanisation are key drivers. Saint-Gobain aims to triple its business in India within ten years. The company is expanding its presence in various infrastructure projects across the country.
HSN classification muddle raises costs for battery storage sector
The industry has sought separate HSN codes, an approved manufacturer list and tighter local content norms, along with clarity on customs duty deferment under warehouse rules for the 12-year life of storage projects.
Cabinet To Soon Approve Rs 37,500 Crore Incentive Scheme To Promote Coal Gasification Projects
The coal ministry has already prepared a Cabinet note on the scheme to promote coal gasification projects, with a financial outlay of Rs 37,500 crore.
Cabinet to soon approve Rs 37,500 cr incentive scheme to promote coal gasification projects
The Union Cabinet is poised to approve a Rs 37,500 crore incentive scheme to promote coal gasification projects. This initiative aims to boost clean energy production, reduce import dependence on critical commodities like LNG and urea, and enhance the utilization of domestic coal resources.