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IRFC to raise ECB loan worth $2 billion to finance large infra projects
Indian Railway Finance Corporation is set to raise USD 2 billion through external commercial borrowing. This funding will primarily be in Japanese yen to support business growth in the current financial year. The company has already secured a loan agreement for USD 1.1 billion.
Stock Alert: JSW Steel, Dilip Buildcon, IRFC, Apollo Tyres, LT Foods, Tata Motors PV
Securities in F&O Ban:
Railway Board pulls up zones over poor pace of environmental initiatives, orders fast-track efforts
Indian Railways is pushing for faster execution of environmental projects. The Railway Board has urged all zones to complete these initiatives effectively and on time. This is crucial for achieving the goal of becoming a Net Zero Carbon Emitter by 2030. A significant fund was allocated last year, but progress has been slow.
Q4 Results On May 14: HAL, Tata Motors PV, JSW Steel, Vishal Mega Mart Among Others To Declare Results
IRFC, Voltas, P N Gadgil Jewellers, Muthoot Finance and Siemens Energy India are among the key companies to declare Q4FY26 results on Thursday.
MSCI Rejig: MCX, Indian Bank make the cut; RVNL, Kalyan Jewellers dropped
On the flip side, HUL, Bajaj Finance, TCS, ONGC, UltraTech, Infosys, HAL, Coal India, Mahindra & Mahindra, Nestle India, Power Grid are among the 75 names whose weightage will see a decline on the MSCI Standard Index.
India's Afcons emerges as successful bidder to construct railway line in Europe
Indian company Afcons Infrastructure Ltd has secured a major railway project in Croatia. This marks Afcons' entry into Europe and is its largest international order to date. The project involves reconstructing an existing track and building a second line. It includes civil works, electrification, and signaling. The contract is valued at over 677 million Euros.
Mcap of 4 most valued firms erodes by ₹1 trn, SBI biggest laggard
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week, with State Bank of India taking the biggest hit, amid a range-bound trend in equities. Last week, the BSE benchmark Sensex climbed 414.69 points or 0.53 per cent, and the NSE Nifty went up by 178.6 points or 0.74 per cent. "Indian equity markets witnessed a volatile and range-bound week, with sentiment remaining cautious despite intermittent recovery attempts. Early optimism driven by hopes of de-escalation in the Middle East and easing oil prices faded quickly as renewed tensions between the US and Iran resurfaced," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. While Bharti Airtel, State Bank of India, Tata Consultancy Services (TCS) and Larsen & Toubro faced erosion from their valuation, Reliance Industries, HDFC Bank, ICICI Bank, Bajaj Finance, Hindustan Unilever and Life Insurance Corporation of India (LIC) were the gainers from the pack. ...
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.
Railways clears 100 projects worth Rs 1.53 lakh crore in FY26; expansion more than doubles yoy
Indian Railways is set for a major expansion in FY 2025-26. The Ministry of Railways has sanctioned 100 projects with a Rs 1.53 lakh crore investment. This initiative will add over 6,000 kilometers of new railway lines and upgrade existing ones. Projects will focus on decongesting routes, improving services, and connecting underserved regions.
Indian Railways fast-tracks safety with ₹1,364 cr Kavach push
Indian Railways has approved projects totaling over ₹1,300 crore to enhance safety and communication systems. These initiatives include the deployment of the Kavach train protection system and the expansion of optical fibre networks. The upgrades aim to improve signalling reliability and strengthen communication backbone systems across various railway zones.
A B Infrabuild receives project worth Rs 48.67 cr
From East Coast Railway, Indian Railways
Top 10 high growth large-cap stocks: Profit surges over 50% YoY in Q3FY26
Several NSE large-cap companies reported sharp YoY profit growth in Q3FY26. Adani Enterprises led with a 9,630% jump, followed by Tata Steel and Indian Oil. Steel, energy, finance, FMCG and hospitality firms recorded profit increases above 50%.