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Every year, ahead of the budget, investors get excited about the prospects of incremental spending by the railways that would translate into order inflows for railway infrastructure companies. RVNL has higher revenue visibility, with a robust order pipeline that’s enough to cover four years of FY24 revenue. Now, it is not as though the fall in the order book was …

Sensex, Nifty end in red as FII selling offsets IT gains; RVNL tanks 6%

Sensex, Nifty end marginally lower amid volatility; RVNL surges 11%

Benchmark stock market indices ended marginally lower on Monday after gaining momentum during the trading session, despite Hindenburg Research’s latest attack against Sebi chief Madhabi Puri Buch. The S&P BSE Sensex ended 56.99 points lower at 79,648.92, while the NSE Nifty50 settled 20.50 points lower to 24,347. However, the latest attack did not have a major impact on Dalal Street …

Kolkata Metro Plans To Start Airport Line By Year-End, Here's What We Know

Kolkata Metro Railway is planning to commence operations of the Airport-Haldiram segment of the New Garia-Airport Orange line by the end of this year. According to the Times of India, the General Manager of the Metro Railway, P. Uday Kumar Reddy, stated that instead of proceeding only from the New Garia end, the orange line would commence service from the …

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