RAIL VIKAS NIGAM LTD Q1 RESULTS
London Tube Strike: Underground services to resume on next Friday, Docklands Light Railway may remain closed on Tuesday, Thursday
London Tube has 272 stations and 11 lines that crisscross the city and its surrounding suburbs.
SpiceJet to unground 10 aircraft by April 2026, expansion underway to meet market demand
SpiceJet aims to restore grounded aircraft by April 2026, including several Boeing 737 NG, MAX, and Q400 planes. The airline has secured maintenance slots and dispatched engines for repair. SpiceJet received overhauled engines from StandardAero. SpiceJet raised funds and finalized a lease for ten Boeing 737s.
India's longest rail tunnel: Tunnel boring machine operators cut through treacherous Himalayas
Two tunnel boring machine (TBM) operators, Baljinder Singh and Ram Avtar Singh Rana, overcame challenging terrains and a major landslide to complete India's longest rail tunnel ahead of schedule. They used a German-made TBM named Shakti, working tirelessly to clear debris and stabilize the excavated sections. Their efforts are part of the Rishikesh-Karnaprayag Rail Link Project.
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
Oyo Q1 FY26 PAT doubles YoY to Rs 200 crore; revenue grows 47% to Rs 2,019 crore
Oyo has reported a profit after tax of over Rs 200 crore in the first quarter of fiscal year 2026, with revenue growing 47% to Rs 2,019 crore. The company's Gross Booking Value surged 144% to Rs 7,227 crore, driven by hotel openings and premiumization.
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.
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Stocks in news: Zydus Life, NTPC, HDFC Life, Varun Beverages, TVS Motor
Indian markets closed marginally higher, buoyed by GST reforms signaling a significant tax overhaul. Zydus Lifesciences will introduce a generic multiple sclerosis drug in the US, while NTPC permanently discontinues operations at its Tanda thermal project. Varun Beverages will manufacture visi-coolers through a joint venture, and TVS Motor launched the NTORQ 150 scooter.
Broadcom Q3 earnings beat expectations driven by AI revenue - can its custom chips challenge Nvidia?
AVGO stock: Broadcom's fiscal third-quarter earnings exceeded expectations, fueled by robust AI demand. The company anticipates even higher revenue in the current quarter, driven by custom AI accelerators, networking components, and VMWare software. While shares remained mostly flat, investor optimism persists regarding Broadcom's potential to challenge Nvidia's market share in AI chips.
Omnichannel jewellery retailer Bluestone narrows Q1 loss as revenue rises 41%
For the Bengaluru-based company, which announced its first results after listing on the Indian bourses, total expenses during the quarter rose 29% to Rs 538.4 crore, led by a 51% jump in employee benefit costs to Rs 62.9 crore.
RVNL, Texmaco joint venture set to operationalise by November to boost rail infrastructure
Rail Vikas Nigam Limited and Texmaco Rail & Engineering Limited will form a joint venture. The aim is to develop India's railway sector. A new company will be incorporated by November. The company will focus on railway projects in India and abroad. The total investment for the JV is Rs 200 crore.
Small and mid-cap firms lag behind large caps in Q1 earnings show
An ETIG analysis reveals that small and mid-cap firms underperformed large caps in the June quarter, with profit growth hitting multi-quarter lows. Large caps saw improved profit and sales growth, maintaining stable profit margins, while smaller firms experienced declines.
US stock market: Dow Jones falls, S&P 500, Nasdaq gain. Check top performing stocks
Google parent Alphabet and Apple made big gains as S&P 500, Dow Jones, Nasdaq look ahead to key US jobs data later in the week.
Another engineering marvel from China - Xi Jinping to build land-based 'Suez Canal' to link Europe and Asia
China is building a revolutionary land-based trade corridor, dubbed the “Suez Canal on rails,” linking Chongqing to Europe. This fast, reliable rail network promises shorter shipping times, reduced reliance on traditional sea routes, and a major shift in global trade dynamics.
Ahead of Market: 10 things that will decide stock market action on Wednesday
Indian markets ended lower on Tuesday as Nifty slipped 45 points to 24,579 and Sensex dropped 206 points. Auto and bank stocks dragged indices, with analysts highlighting resistance at 24,700–24,850 and weak near-term momentum.
JSW Cement Q1 profit before exceptional item & tax at Rs 164.74cr, revenue up 7.8%
JSW Cement Ltd reported a multi-fold increase in its profit before exceptional items and tax of Rs 164.74 crore for the first quarter ended June 2025.
Largecaps bear the brunt as FIIs reduce stakes across markets in June quarter
Foreign Institutional Investors trimmed stakes across largecap, midcap and smallcap stocks in the June quarter, with the steepest proportional cuts in largecaps. Key stocks like Shriram Finance, ABB, and Dreamfolks saw sharp declines, highlighting rising foreign caution and shifting sentiment in India’s equity markets.
BSE 500: 360 stocks sink in August, 65 crash in double-digits; KIOCL, Maruti & Godfrey Phillips shine up to 28%
BSE 500 slipped nearly 2% in August as Trump’s tariff moves and weak Q1 earnings spooked investors. FIIs pulled out nearly Rs 35,000 crore, dragging PSU, infrastructure, and energy stocks, while autos, consumer discretionary, and durables outperformed on GST reform optimism. PNB Housing Finance was the biggest loser as the counter slipped 24% in August while top returns of 28% was recorded by KIOCL.
3 special trains left Jammu with over 1,500 stranded passengers, 54 trains cancelled
Northern Railways operated three special trains from Jammu, transporting over 1,500 stranded passengers due to ongoing rail traffic suspension. Fifty-four incoming and outgoing trains from Jammu and Katra were cancelled for Monday. Rail traffic between Kathua and Udhampur remains suspended due to misalignment and breaches, while the Katra-Srinagar-Katra track is operational.
Is India's Q1 GDP growth overestimated? The surprise behind the better-than-expected 7.8% number
HSBC India warns that India’s June quarter GDP growth of 7.8% may be overstated due to low deflators, especially in services and manufacturing. Inflation adjustments risk inflating real growth. External pressures like US tariffs and GST revenue impacts pose further challenges. Economists emphasize cautious optimism and stress the need to monitor growth sustainability amid evolving fiscal and global dynamics.
RBL Bank shares rise 3% after Societe Generale acquires shares worth Rs 79 crore via bulk deal
RBI Bank share price: French lender Societe Generale executed a bulk deal in RBL Bank, purchasing over 31 lakh shares worth Rs 79 crore at an average price of Rs 250.57, while simultaneously offloading 1.29 lakh shares in another trade.
India Inc earnings downgrade drought shows first signs of breaking: Will Q2 mark the bottom?
The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.
Texmaco, RVNL form JV to boost rail modernisation, exports
Texmaco Rail and RVNL are partnering to modernize Indian Railways. The joint venture aims to manufacture rolling stock and undertake EPC projects. Texmaco will hold 49% stake, with RVNL as the majority shareholder. The collaboration will focus on automation and green technologies. The goal is to enhance India's rail infrastructure and global competitiveness.
As IRFC shares sink 50% from peak, why scaling crucial resistance could be a tall order?
IRFC share price have significantly declined, falling 50% from their peak despite a double-digit increase in Q1 net profit. Technical analysis indicates a weak setup, with the stock struggling below the critical Rs 130 resistance level. Experts suggest reclaiming this level will be challenging, reflecting a broader downturn in railway stocks.
Smallcap investors just got some bad news from Q1 earnings. Time to tweak your portfolio?
Smallcap investors face headwinds as Q1 earnings reveal an 11% YoY dip, with nearly half of companies missing estimates. Midcaps, however, shine with a robust 24% growth. Experts suggest a portfolio shift towards large-caps and mid-caps, anticipating a stronger second half driven by GST reforms and improved consumption.
RVNL shares jump 2% on Rs 178.65 cr contract from IRCON International
RVNL shares rose after winning an order from IRCON for signalling and telecom works, including new interlocking systems, control upgrades, and related installations, to be completed within the year.
RVNL shares slip 4% as Q1 profit plunges nearly 40%
RVNL shares fell after its Q1 profit dropped 40% year-on-year to Rs 134.36 crore, hit by lower revenue and weaker operations. The stock, down 24% in 2025, trades below key SMAs with RSI in oversold territory, signalling continued bearish momentum.
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