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Indian Railway Finance Corporation (IRFC) on Tuesday announced that it has signed a Memorandum of Understanding (MoU) with India Infrastructure Finance Company (IIFCL) to strengthen cooperation in financing railway infrastructure projects.

The domestic equity benchmarks edged higher in early trade. The Nifty traded above the 17,000 mark. Barring the Nifty Media index, all the other sectoral indices on the NSE were in the green. At 09:29 IST, the barometer index, the S&P BSE Sensex, was up 230.34 points or 0.40% to 57,377.66. The Nifty 50 index added 68.60 points or 0.40% to 17,052.15. In the broader […]

For cooperation in financing railway infrastructure projects

The essential components of the updated guidelines for ARCs were presented by the regulator on Tuesday in an effort to strengthen their governance standard and enhance their regulatory framework.

IRFC and IIFCL want to enhance each other's strengths through this MoU, allowing them to jointly explore funding options for feasible infrastructure projects.

Marksans Pharma jumped 8.15% to Rs 50.45 after the drug firm said it has inked a pact with Tevapharm India to acquire its Goa-based pharmaceutical formulations business.

Commercial Syn Bags rose 3.83% to Rs 307.55 after the company said its board will consider issuing bonus shares on 22 October 2022.

V-Guard Industries Ltd has added 3.29% over last one month compared to 6.16% fall in S&P BSE Capital Goods index and 4.51% drop in the SENSEX

The half year results depict landmark revenue, the company said.

The NBFC said that a meeting of the management committee of the board of directors is scheduled to be held on Friday, 14 October 2022 to consider and approve, the issue and offer of non-convertible debentures (NCDs) on a private placement basis.