Incorporation RVNL, a prestigious Navratna Central Public Sector Enterprise (CPSE) operating under the aegis of the Ministry of Railways, Government of India, was conceived to address the critical infrastructure lacunae prevalent within the extensive Indian Railways network. The inception of the ambitious National Rail Vikas Yojana (NRVY) dates back to August 15, 2002, when the …
A consortium between Ramkrishna Forgings (RKFL) and Titagarh Rail Systems (TRSL), has been awarded the contract to manufacture and supply 15,40,000 forged wheels over 20 years, under the Atmanirbhar Bharat Initiative by the Ministry of Railways, Government of India. The contract will see the consortium delivering 40,000 forged wheels during the first year, 60,000 wheels …
India has the fourth-largest railway network in the world as of December 2023, with around 22,593 trains in operation (9,141 freight and 13,452 passengers), 24 million passengers each day, and 203.88 million tonnes of freight. The Indian railway sector has been chugging along steadily, and recent developments suggest it might be picking up steam. Two …
Jupiter Wagons Limited (JWL), a prominent player in India’s mobility solutions arena, has recently announced a strategic acquisition. The company has announced the acquisition of Bonatrans India Private Limited for a cash consideration of ₹271 crore. This acquisition makes JWL the first Indian rolling stock manufacturer. Let’s delve deeper into this acquisition and explore its …
Indian Railway Catering & Tourism Corp. Ltd. (IRCTC) has been a pivotal player in providing railway-related services, including catering and hospitality, internet ticketing, travel and tourism, and Rail Neer Plants business. Established in 1999, IRCTC holds the unique distinction of being a Mini Ratna (Category 1, Central Public Sector Enterprise), designated by the Indian government …
On April 29, 2024, CMS Info Systems Limited released the CMS Consumption Report 2024, titled ‘Unfolding India’s Consumption Story’. The report underscores compelling trends supporting the consumption boom in India and provides a sector- and state-level analysis of growth in domestic consumption. CMS highlights the country’s consumption trends and hotspots fueled by rising cash-based expenditures …
Today, shares of IRCTC Limited have recently soared, hitting a new 52-week high of Rs 988.80, marking an impressive surge of over 5%. This surge follows a remarkable year in 2023, where IRCTC shares delivered substantial returns of 38.59% reflecting strong investor interest, leaving many wondering – can IRCTC chug to the Rs 1,000 mark? …
This article could also have been titled “How not to be fooled by the FMCG Index”? If you look at the FMCG index performance in the last 1 year, the returns are around 11%. That is really nothing to write home about. The real reason for this tepid performance of the FMCG index is the …
Domestic indices experienced a notable decline, affected by losses in the information technology, consumer durables, and FMCG sectors. However, significant gains in the auto and real estate sectors attempted to offset these losses. At 10:55 am, the BSE Sensex tumbled 0.53%, reaching a level of 73,479. The Nifty 50 index declined 0.46% to the 22,301 …
The Indian benchmark indices commenced the session on a cheerful note, rebounding from a significant decline, primarily driven by substantial gains in the power, utilities, and FMCG sectors. Notably, the BSE Realty sector garnered significant investor attention, emerging as the top-performing sector with gains exceeding 5%. The broader indices displayed stronger performance, each experiencing gains …
