Shares of RITES rallied over 4 percent to Rs 309 in morning trade on December 16, snapping its two-day losing streak, after the state-run engineering firm announced it has secured a contract worth Rs 297.67 crore from the Ministry of External Affairs (MEA).In a regulatory filing, the company stated, "We are pleased to inform you that RITES has received work for Project Implementation Services for ...

The share of public sector companies (PSUs) in India’s total stock market capitalization has declined to an 11-month low in November amid sharp corrections. In November, PSU firms accounted for 15.34 percent of India’s total market capitalization -- the lowest since December 2023.This marks a significant drop from 17.77 percent in May 2024, which was a seven-year high. The combined market capi...

Eknath Shinde Live News, Maharashtra Political Crisis Live: In order to decide the fate of Maharashtra amid the ongoing political turmoil, several stakeholders have called important meetings on Saturday with the Leader of Opposition Devendra Fadnavis set to meet BJP’s allies in the state throughout the day and Union Ramdas Athawale at 11 am. Chief Minister Uddhav Thackeray has summoned a Nation...

Here is the list of the top 10 stocks that are likely to be in focus on Wednesday:SBI: State Bank of India (SBI), the country’s largest lender, has doubled down on loans to the infrastructure segment comprising roads, ports and power in FY22, amid renewed demand for credit from private companies.Cineline India: Cineline India Ltd, which operates the multiplex chain MovieMax, on Tuesday said its ...

Indian benchmark indices are likely to open with notable gains as global markets staged a pullback. SGX Nifty futures were quoting higher higher at 16,500 on the Singapore Exchange hinting at a positive start for Dalal Street. Thereafter, the RBI policy meet outcome is likely to dictate the market trend for the remainder of the day. “The focus will be on MPC’s meeting outcome on Wednesday am...