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Mumbai-Ahmedabad Bullet Train project 80% complete, first section to open in 2027: Ashwini Vaishnaw
The Surat to Bilimora section of India's first bullet train is projected to debut in 2027, representing a substantial milestone in the nearly finished Mumbai-Ahmedabad corridor. Union Minister Ashwini Vaishnaw also launched the third semiconductor factory in the nation today, alongside five crucial infrastructure developments designed to boost Ahmedabad’s urban transport and rail networks.
Vedanta among top 5 stocks with lowest price-to-earnings ratio. Check details
Repco Home Finance, LIC Housing Finance, Power Finance Corporation, Vedanta and The Great Eastern Shipping feature among the cheapest stocks by price-to-earnings ratio. Most are widely held by mutual funds and carry strong Value Research ratings.
Inspira seals Rs 1,800-crore private credit for Burger King buy in India
Inspira Global, backed by Ajanta Pharma promoters, is securing ₹1,800 crore in private credit to acquire a controlling stake in India's Burger King operator. The food business, through its arm Lenexis Foodworks, has already raised ₹1,050 crore via NCDs, with the remaining ₹800 crore anticipated this month. This significant funding signals a major move into the quick-service restaurant sector.
Senco Gold's Q1 revenue jumps 60%, opens 8 showrooms as festive demand boosts sales
Senco Gold reported a strong business performance in the first quarter of FY27, with total revenue rising about 60% year-on-year and 53% quarter-on-quarter.
Railway Minister Ashwini Vaishnaw to launch Mumbai-Ahmedabad Bullet Train tunnel work
Railway Minister Ashwini Vaishnaw will launch the first tunnel boring operation for India's inaugural bullet train project on Sunday. Two massive German-made tunnel boring machines, imported from China, will construct a 20.37-km tunnel, including a 7-km undersea stretch, for the Mumbai-Ahmedabad High-Speed Rail Corridor. This marks a significant milestone for the ambitious project.
Egypt Vs Australia Highlights: Pharaohs Win Penalty Shootout To Reach World Cup Round Of 16 For First Time
Egypt defeated Australia 4-2 on penalties after a 1-1 draw to reach the FIFA World Cup Round of 16 for the first time in the nation's history.
As food inflation bites, Nestle turns to smaller cities to drive growth
Nestle India is strategically focusing on tier-2 and tier-3 markets for growth, anticipating rising consumption in these areas. Despite facing uneven demand and rising commodity costs in FY26, the company is investing in rural and semi-urban markets to drive future consumption. Nestle India reported a nearly 15% domestic sales increase, driven by volume growth and market share gains, as it navigates a dynamic economic landscape.
'Telcos may do well in Q1; tariff hikes likely in H2,' say analysts
Telecom operators are poised for single-digit revenue growth this quarter, driven by steady subscriber additions and users opting for premium 4G/5G plans. Analysts anticipate tariff hikes in the latter half of the fiscal year, with projections ranging from 10-20%. Bharti Airtel and Vodafone Idea are expected to see user base expansion, contributing to ARPU increases, though recent earnings reflect the absence of immediate price adjustments.
Sobha Q1 Update: Sales bookings hit record ₹3,656 crore, up 76% YoY
During the quarter, the company completed 671 homes across eight projects, covering a total saleable area of 10.8 lakh square feet. Shares of Sobha Ltd ended at ₹1,440.75, up by ₹4.40, or 0.31%, on the BSE.
Mumbai Rains: Schools Shut In Thane, Kalyan-Dombivli, Palghar As IMD Issues Red Alert
Mumbai has witnessed persistent rain through the week following the delayed onset of the southwest monsoon.
RBI Imposes Rs 66.7 Lakh Penalty On Bank Of Baroda, GIC Housing Finance
The RBI found that the public sector lender had collected interest higher than the contracted rate of interest in certain loan accounts.
Strict Milk Safety Norms In Maharashtra; FDA To Slap Rs 10 Lakh Fine On Violations
According to Mundhe, all phases of the milk supply chain are covered by the new regulations.