The stock price of Rail Vikas Nigam has increased by 4%. This is why

After receiving a letter of award from the Ministry of Railways to manufacture and operate Vande Bharat train-sets, shares of Railway PSU firm Rail Vikas Nigam (RVNL) rose by 4% on Friday, closing at Rs 69.6. To produce and maintain Vande Bharat train-sets, as well as to upgrade government manufa...

D-St analysts anticipate further gains for this defense stock, up 87% this year.

Military PSU Analysts following the industry predict that Hindustan Aeronautics NSE 4.63% (HAL NSE 4.63) will receive its greatest volume of orders ever in FY23. They mentioned export possibilities and asserted that an increase in profitability and high asset turnover would lead to a defense comp...

INDIAN PUBLIC SECTOR CAN NOW USE GOOGLE CLOUD

HIGHLIGHTS

• Indian Public Sector can now use Google Cloud.
• The audit of Google Cloud regarding cyber security is complete.

After successfully completing an audit from the Union Ministry of Electronics and Information Technology (MeitY...

GOVT PLANNING TO BRING DOWN THE NUMBER OF PSU BANKS TO FIVE: REPORT

According to the banking and government sources, the Central Government is planning to privatise over half of its banks owned by state as part of an overhaul of the banking industry. As per a government official, the first part of the plan would be to sell majority stakes in Central Bank of India...

NBFC stocks were trading on a mixed note, Stocks of PSU were trading in the negative

NBFC stocks were trading on a mixed note on Wednesday

Shares of Sahara Housing Finance was up at 9.65 percent, Garnet International was up at 5.00 percent, Authum Investment & Infrastructure was up at 1.98 percent, Ind Bank Housing was up at 1.64 percent, L&T F...

Due to the mega-merger of insurance firms around 15 thousand employees will be laid off

It has been declared by Nirmala Sitharaman, the Finance Minister that there will be merging of Insurance, National Insurance, and United India for creating the biggest non-life insurance firm of India.

There will be a modification in the General Insurance Business Nationalization Act in...

Saudi Aramco leads in the purchase of Bharat Petroleum stakes

It’s the government’s decision whether the Centre intends to disinvest all of its Bharat Petroleum’s 53.3% stake. It is important to note that Bharat Petroleum is a ‘Fortune 500’ firm. It appears as if no one is opposed to the idea, save for the nearly 12,000 individ...

Kochi petroleum project

Kerala will have to cough up Rs 527 crore. Decks were cleared for Kerala government’s Rs 1,300-crore petrochemical park project in Kochi, after the centre’s nod for buying land from vital PSU fertilizers and chemicals Travancore. In the remaining week, the authorities have directed it...