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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.
Cabinet Clears Two New Semiconductor Units For Rs 3,900 Crore Under ISM 1.0; Total Approved Projects Rise To 12
Among the approvals is the country's first commercial facility for Mini/Micro-LED display manufacturing based on Gallium Nitride (GaN) technology.
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.
MahaRERA cracks down on errant builders; issues notices over 8,212 projects
MahaRERA is taking strict action against over 8,000 housing projects. These developers failed to submit mandatory quarterly progress reports on time. This includes many projects in the Mumbai Metropolitan Region. MahaRERA has issued show-cause notices. Developers have 60 days to comply. Failure could lead to severe penalties, including project registration cancellation.
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.
Tacent Projects standalone net profit rises 40.00% in the March 2026 quarter
Sales decline 97.00% to Rs 0.10 crore
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.