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2025-01-16 05:29:27| The Economic Times

Rail stocks surged with RVNL and Ircon leading, as reports suggest the upcoming Union Budget may increase Indian Railways' capital expenditure by 15-20% to over Rs 3 lakh crore for FY26. The higher allocation is expected to fund new tracks, upgrades, and rolling stock purchases, driving optimism among investors.

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2025-01-16 04:57:47| The Economic Times

Speaker Mike Johnson removed Rep. Michael R. Turner from the House Intelligence Committee, aligning it more closely with President-elect Donald Trump. Turner, critical of Trump and supportive of Ukraine, was seen as insufficiently loyal. Johnson denies Trump's influence, claiming the decision aims for a fresh start.

Category: News and Media

2025-01-16 04:57:21| The Economic Times

Zomato share price: CLSA has reiterated its bullish stance on Zomato, adding the stock to its "High Conviction Overweight" list and raising the target price to Rs 400 from Rs 370, indicating a 64% upside potential. The brokerage sees the recent stock correction as an attractive buying opportunity and expresses strong confidence in the growth prospects of Zomato's quick commerce segment over the next three years.

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