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RITES shares surged over 6% to Rs 296 following the announcement of a USD 3.6 million international contract from African Rail Company. This order involves supplying and commissioning two fully overhauled ALCO diesel-electric locomotives for deployment in Zimbabwe, Mozambique, and Botswana. The project, expected to be completed within 9 months, includes warranty support and technical deployment.
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News and Media
Standard Chartered Bank's Steve Englander analyzes market reactions to the potential passage of the Trump tax bill. He notes uncertainty in equities and the dollar. The market anticipates a benign resolution to the tariff deadline. Focus shifts to growth and profits, with AI potentially influencing market tone. The dollar's future is uncertain, influenced by yields and risk premiums.
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News and Media
RBL Bank shares: The stock, which has surged over 21% in the past month and more than 64% in the last six months, extended its winning streak by rising for the eighth time in nine sessions. It closed on Tuesday at Rs 259.95, up 4.6%, with a market capitalization of Rs 15,831.21 crore.
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News and Media
AstraZeneca Pharma India shares saw a rise after Imfinzi got approval for expanded use. The CDSCO approved it as a first-line treatment for specific endometrial cancer cases. This follows AstraZeneca's strong Q4 earnings, with a significant jump in net profit and revenue. The company attributes this to its focus on innovation.
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News and Media
Decades after the Dalai Lama's exile following a failed uprising, Tibetans will gather to celebrate his 90th birthday on July 6.
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News and Media
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