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Cabinet Approves Eight New Railway Projects Worth ₹24,600 Crore, Aims to Boost Connectivity and Development

Cabinet Approves 8 New Railway Projects Worth ₹24,600 Crore, Aims to Boost Connectivity and Development

/ Indian Market /

On August 9, the Cabinet Committee on Economic Affairs approved eight major railway projects totaling ₹24,657 crore, announced Union Minister Ashwini Vaishnaw during a press briefing. These projects are designed to enhance connectivity and foster development, particularly in aspirational and tribal-dominated districts across several states. Three of the approved projects will focus on Odisha’s southern […]

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IRB Infrastructure Developers Q1 Net Profit Rises 5% to ₹140 Crore

IRB Infrastructure Developers Q1 Net Profit Rises 5% to ₹140 Crore

/ Results /

IRB Infrastructure Developers Ltd posted a consolidated net profit of ₹140 crore for the June quarter of FY25, up 5% against the ₹134 crore profit in the same quarter in the previous financial year. Higher income during the quarter boosted profit : company’s exchange filing. Its consolidated total income increased 13 percent to ₹1,972 crore

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Ola Electric Shares Surge 20% to Hit Upper Circuit After Lackluster Listing

Ola Electric Shares Surge 20% to Hit Upper Circuit After Lackluster Listing

/ Indian Market, Uncategorized /

Ola Electric shares surged 20% to the upper circuit high of ₹91.20 on the NSE. This steep rise came after a lackluster initial listing; shares of the company debuted at ₹76, par below the IPO issue price, testing the patience of some investors.The long-anticipated ₹6,146-crore IPO of Ola Electric closed on 6 August and was

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30% BSE 500 and MidCap Stocks Yet to Recover from June 4 Drop Despite Market Rebound

30% BSE 500 and MidCap Stocks Yet to Recover from June 4 Drop Despite Market Rebound

/ Indian Market /

Despite the recovery in Indian stock indices, as many as 30 per cent of stocks from the BSE 500 and BSE MidCap indices are still below their respective June 4 levels, when markets had witnessed a sharp fall after election results. This includes 159 stocks in the BSE 500 and 41 in the BSE MidCap

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Suzlon Energy Achieves Rs 1 Lakh Crore Market Cap as Shares Surge 37% Post-Q1 Results

Suzlon Energy Achieves Rs 1 Lakh Crore Market Cap as Shares Surge 37% Post-Q1 Results

/ Indian Market /

Suzlon Energy crossed the Rs 1 lakh crore market capitalization mark as its shares remained on an intra-day bull run. Shares of the company rose 3.3% to a fresh 52-week high of Rs 75.39 on Friday, amid heavy trading volumes on the NSE. Nearly 5.83 crore shares worth Rs 433.5 crore changed hands. At 11:14

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NBCC Shares Surge 7% After Securing Rs 15,000 Crore Order from Srinagar Development Authority

NBCC Shares Surge 7% After Securing Rs 15,000 Crore Order from Srinagar Development Authority

/ Indian Market /

Shares of NBCC Ltd jumped 7 percent on August 9 after the company announced it had received a substantial order worth Rs 15,000 crore from the Srinagar Development Authority (SDA). The project involves the development of a Satellite Township spread over 406 acres at Rakh-e-Gund Akshah in Bemina, Srinagar, Jammu & Kashmir. According to the

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Cochin Shipyard Q1FY25 Results: Net Profit Surges 77% to Rs 174 Crore

Cochin Shipyard Q1FY25 Results: Net Profit Surges 77% to Rs 174 Crore

/ Results /

Cochin Shipyard Ltd. (CSL) reported a strong 77% increase in net profit for the first quarter of FY25, reaching Rs 174.2 crore, up from Rs 98.6 crore in the same period last year. However, this figure represents a 33% decline from the Rs 258.8 crore profit recorded in the March quarter. The company’s revenue from

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