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IRFC OFS: Govt to sell up to 2% stake in Navratna PSU via Offer for Sale
The government will sell up to a 2% stake in Indian Railway Finance Corporation through an Offer for Sale, as it continues an accelerated disinvestment programme across public sector enterprises.
IRFC OFS: Govt To Divest Up To 2% Stake In Railway Sector PSU
The government's OFS in IRFC will open on Wednesday for non-retail investors, while retail investors will be able to place their bids on Thursday.
Stocks in news: TCS, JSW Infra, Craftsman Automation, IIFL Finance, Transrail Lighting
Indian markets showed a positive trend on Monday, recovering some of Friday's dips, buoyed by global sentiment and strong performance in the banking sector. Several companies are making headlines: JSW Infrastructure is raising funds for expansion, TCS will announce its quarterly results and a potential interim dividend, and Craftsman Automation's promoter plans a stake sale.
Stress, poor sleep and processed food are driving heart attacks in young Indians: Ramakanta Panda
Young Indian professionals, particularly in IT and finance, are facing a heart disease crisis due to unhealthy lifestyles. Leading cardiac surgeon Dr. Ramakanta Panda highlights chronic stress, poor sleep, processed foods, and sedentary habits as major culprits behind a surge in heart attacks among those in their 30s and 40s.
Indian Railways approves Kavach deployment worth Rs 270 crore on 631 route kms
Indian Railways has approved the installation of Kavach, an indigenous automatic train protection system, on 631 route kilometers of East Coast Railway for Rs 270 crore. This move aims to significantly boost railway safety by preventing collisions and over-speeding. The expansion covers crucial sections in Odisha and neighboring areas, enhancing train operations even in adverse weather and reinforcing the mission to deploy Kavach across vital routes.
Cranex receives orders worth Rs 18.52 cr
The fresh orders received by the Company include orders from BHEL and Indian Railways for workshop infrastructure projects. In addition, the Company's existing order book includes orders from BEML for railway projects including the Vande Bharat programme and orders for defence sector projects across India.
Mcap of 9 most valued firms jumps ₹2.15 trn, Airtel biggest winner
The combined market valuation of nine of the top-10 most valued firms jumped by Rs 2.15 lakh crore last week, with Bharti Airtel emerging as the biggest winner, in line with improving global risk sentiment. Last week, the BSE benchmark Sensex jumped 1,274.95 points, or 1.68 per cent. "Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment. Although negotiations remain ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The market valuation of Bharti Airtel surged by Rs 52,432.67 crore to Rs 11,62,963.30 crore, the most among the top-10 firms. Life Insurance Corporation of India (LIC) added Rs 51,675.23 crore, taking its valuation to Rs 5,56,726.30 crore. The valuation of Bajaj Finance soared by Rs 26,55
Getting Caught Without A Ticket In Mumbai Locals Just Became Costlier
Indian Railway authorities believe the higher fine will act as a deterrent and help improve passenger discipline across the network.
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.
SBI, Axis Bank among lenders set for $2 billion ECB fundraising via RBI swap
Major Indian banks, including SBI, Axis Bank, and Bank of Baroda, alongside Power Finance Corporation, are set to raise over $2 billion from overseas markets next week. This move capitalizes on the Reserve Bank of India's 1.5% fixed-rate swap incentive for external commercial borrowings, aimed at bolstering the rupee. HDFC Bank's recent successful dollar bond sale has spurred this wave of fundraising.
Buy, Sell Or Hold: Suzlon, PVR Inox, IRFC, NCC And Fortis Healthcare — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
Stocks to buy: Nagaraj Shetti recommends IRFC, Lloyds Enterprises shares to buy in the short-term - Mint
Stocks to buy: Nagaraj Shetti recommends IRFC, Lloyds Enterprises shares to buy in the short-termMint