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RailTel Share Price Rises 7.5% After ₹455 Crore Order from West Central Railway

StartupTalky

StartupTalky · 3d ago

RailTel Share Price Rises 7.5% After ₹455 Crore Order from West Central Railway

RailTel Corporation of India Limited, a public sector telecom and digital infrastructure provider, secured a significant contract worth ₹455 crore from West Central Railway. This contract, to be completed by September 2028, boosted RailTel’s share price by 7.5% in intra-day trading due to strong investor confidence. The project enhances RailTel’s portfolio in railway broadband and telecom services and strengthens its revenue pipeline, despite a slight year-on-year profit decline but robust revenue growth.

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Vaishnaw flags off MEMU train in Bengal, says Centre's focus on expanding railway coverage

Economic Times

Economic Times · 7m ago

Vaishnaw flags off MEMU train in Bengal, says Centre's focus on expanding railway coverage

Railways Minister Ashwini Vaishnaw flagged off the Purulia-Bankura-Howrah MEMU train via Masagram, highlighting the government's focus on expanding railway coverage in West Bengal. The train aims to improve regional connectivity and enhance passenger convenience. Investment in West Bengal's railways rose from Rs 4,380 crore (2009-14) to Rs 14,000 crore currently. The newly inaugurated train service is expected to support economic activity by linking important districts and will also address land acquisition challenges for railway projects in the region.

PB Fintech approves 11.4M stock options

YourStory

YourStory · 1y ago

PB Fintech approves 11.4M stock options

PB Fintech, the parent company of Policybazaar and Paisabazaar, has announced the approval of its Employees Stock Option Scheme 2024. The scheme aims to grant 11.4 million stock options, more than double of what it had granted in the previous quarter. The options will vest after four years, provided the share price meets certain criteria. Grantees will have up to two years to exercise their options. PB Fintech had spent Rs 455 crore in employee benefit expenses in the quarter ended June 30, 2024.

RVNL, Jupiter Wagons, IRCTC, Titagarh Rail shares rise up to 13% in volatile market

Business Today

Business Today · 11m ago

RVNL, Jupiter Wagons, IRCTC, Titagarh Rail shares rise up to 13% in volatile market

In a volatile market, shares of several railway-related companies saw significant increases. RVNL secured a contract worth Rs 554.47 crore for the Bengaluru Suburban Rail Project. Jupiter Wagons' stock rose by 8.7%, while Texmaco Rail Engineering surged 6.5%. IRCON International increased by 8%, IRFC by 4.4%, and Titagarh Rail by 4.29%. RailTel Corporation climbed 7%, and RITES grew by 4%. IRCTC experienced a 15% gain in its stock value.

Lumax Auto shares soar 9% after large deal worth Rs 134.50 crore

Money Control

Money Control · 1y ago

Lumax Auto shares soar 9% after large deal worth Rs 134.50 crore

Shares of Lumax Auto Technologies saw a 9% surge in their price due to a large transaction worth Rs 134.50 crore. Around 30 lakh shares, representing a 4.4% stake in the company, were traded at an average price of Rs 455 per share. The deal reflected a 1% discount to the stock's previous close. The buyers and sellers involved in the transaction were not immediately identified. The company had recently reported strong earnings for the October-December quarter.

Zomato share price rises despite dip in broad market indices

YourStory

YourStory · 1y ago

Zomato share price rises despite dip in broad market indices

Zomato's share price rose by 2.98% following the announcement of its second-quarter results, driven by the stability of its food delivery business and the growth potential of its quick commerce segment. The company reported a 389% YoY increase in net profit, reaching INR 176 crore, and a 68.50% YoY increase in revenues to INR 4,799 crore. Zomato's quick commerce arm, Blinkit, showed promising growth with a 122% YoY increase in gross order value. The company also approved plans to raise INR 8,500 crore through qualified institutional placements.

Royal Enfield Owner Eicher Motors Surges 6.5% as Q3 Profit Rises 21%

StartupTalky

StartupTalky · 2d ago

Royal Enfield Owner Eicher Motors Surges 6.5% as Q3 Profit Rises 21%

Eicher Motors, Royal Enfield's parent company, experienced a significant 6.5% share price increase, reaching record highs after reporting strong Q3 FY26 financial results. The company's net profit rose by 21% to INR 1,421 crore, with revenue increasing by 23% to INR 6,114 crore, driven by higher sales volumes. Royal Enfield sold 325,773 motorcycles, a 21% increase. The market was optimistic, despite mixed brokerage views, citing profit growth and expansion plans as positive indicators.

Vikran Engineering IPO: GMP suggests Kacholia, Agarwal’s pick could throw a listing surprise

Economic Times

Economic Times · 5m ago

Vikran Engineering IPO: GMP suggests Kacholia, Agarwal’s pick could throw a listing surprise

Vikran Engineering's IPO completed with robust demand, raising Rs 772 crore and priced at Rs 97 per share. Despite the high subscription, the grey market premium suggests only a modest 4% listing gain. The company, with a focus on EPC projects in power transmission and railway electrification, is backed by prominent investors like Ashish Kacholia. Concerns remain about working capital and a past regulatory ban. Successful execution of its order book will be crucial post-listing.

GST collection rises by 8.5% to Rs 1.82 lakh Cr in Nov

YourStory

YourStory · 1y ago

GST collection rises by 8.5% to Rs 1.82 lakh Cr in Nov

Gross GST collection in November reached over Rs 1.82 lakh crore, showing an 8.5% increase compared to the same period last year. The central GST collection recorded Rs 34,141 crore, state GST reached Rs 43,047 crore, integrated IGST accounted for Rs 91,828 crore, and cess stood at Rs 13,253 crore. Domestic transactions contributed to a 9.4% growth, while tax on imports rose by approximately 6%. After adjusting for refunds, net GST collection rose by 11% to Rs 1.63 lakh crore.

Anand Rathi Share and Stock Brokers IPO: Co raises Rs 220 crore from anchor investors

Economic Times

Economic Times · 4m ago

Anand Rathi Share and Stock Brokers IPO: Co raises Rs 220 crore from anchor investors

Anand Rathi Share and Stock Brokers raised Rs 220.49 crore from anchor investors ahead of its Rs 745 crore IPO opening September 23, with marquee funds participating. Shares command a 7.5% grey market premium, indicating strong listing expectations.

Centre approves Rs 803 crore for 152 road projects in Delhi

Economic Times

Economic Times · 5m ago

Centre approves Rs 803 crore for 152 road projects in Delhi

The Central government has approved Rs 803 crore for 152 road-related projects in Delhi under the Central Road and Infrastructure Fund (CRIF). This funding will enhance road quality, reduce dust pollution, and ease traffic congestion across the city. Major projects include road strengthening and repair in West, South, North, and Central Delhi. These efforts align with broader environmental and infrastructure goals, aiming to improve safety, speed, and sustainability for millions of commuters in Delhi.

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