The Government of India has opened an OFS in IRFC, aiming to sell up to a 2% stake and raise over ₹2,300 crore. The move marks the sixth disinvestment transaction of FY27 and comes amid reports of a potential LIC stake sale in the coming weeks.
A sharp decline in crude oil prices has improved profit expectations for airlines, paint companies, tyre manufacturers, and oil marketing firms. Learn which stocks could benefit the most if crude remains below $90–95 per barrel.
Rail Vikas Nigam's net profit increased by 33.2% year on year to ₹478.6 Crore in the fourth quarter ending March 31, 2024.
It received a letter of acceptance from Eastern Railway for the building of the Sitarampur bypass line in Asansol Division.
The move will benefit all EPC-based companies, as well as product companies in waggons, signalling, communication, and bearings, among other things.
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