Orienteering Financial News

Indian Railways has awarded a Rs 485.09 crore tender to Kolkata's Besco Limited for manufacture and supply of 1,200 wagons. A third of these wagons need to be delivered by December 2024-end. According to officials aware of the development, the balance wagons will be delivered in two batches of 400 each by December 2025-end. This tender was awarded to Besco earlier this week. Besco will be supplying Bogie Open Wagon type (BOXNS) wagons which are primarily used for ferrying coal and steel on the national transporter. The Railways will be billed Rs 34.26 lakh per wagon by Besco which will be manufactured in West Bengal’s 24 Parganas (South). This rate has been arrived after a counteroffer made by the Railway Board in December 2023. This is the fifth tender awarded by the Indian Railways for procuring BOXNS wagons in the current fiscal. The first and largest of these tenders has been awarded to Kolkata’s Jupiter Wagons which will supply 4,000 wagons, totalling a tender value of Rs 1,616.96 crore. Texmaco Rail and Engineering, another Kolkata headquartered firm bagged the second largest BOXN wagon tender awarded this fiscal for Rs 1374.41 crore to supply 3,400 units.

1. Havells Swing 300mm Wall Fan The Havells Swing 300mm Wall Fan features an elegantly designed fan base and a 120 ribs guard for safety. It offers a speed of 1330 RPM and air delivery of 45 CMM.

Purv Flexipack is likely to finalise the share allotment process today. Investors can check the status of Purv Flexipack IPO allotment by logging in to the official website of the registrar, which is Link Intime India in this case. Follow the step by step process mentioned below to check the status of allotment.

NLC India, apart from Ola Electric, Jindal Power and Dalmia Group, are among bidders for 20 blocks in the first tranche of auction for critical mineral blocks in the country. The Union mines ministry on Thursday said it has received more than 50 bids for the 20 critical and strategic mineral blocks in the first tranche, which was launched on 29 November. These blocks consisted of minerals like lithium, glauconite, nickel, PGE, potash, graphite, molybdenum, phosphorite and rare earth elements (REE).

attention and eye movements are linked, while unveiling how the brain coordinates the two processes. Attention is a unique phenomenon that allows us to focus on a specific object in our visual world, and ignore distractions. When we pay attention to an object, we tend to gaze towards it. Therefore, scientists have long suspected that attention is tightly coupled to rapid eye movements, called saccades. In fact, even before our eyes move towards an object, our attention focuses on it, allowing us to perceive it more clearly – a well-known phenomenon called pre-saccadic attention, IISc said in a press release. However, in a new study published in PLOS Biology, the researchers at CNS show that this perceptual advantage is lost when the object changes suddenly, a split second before our gaze falls upon it, making it harder for us to process what changed.

1. Havells Ventil Air DSP 230mm Exhaust Fan The Havells Ventil Air DSP is a robust 230mm kitchen exhaust fan, designed to keep kitchens, bathrooms, and offices free from smoke and odours. With a powerful air delivery rate of 510 and an RPM of 1350, it ensures efficient ventilation.

World markets today: US stocks dip ahead of inflation data Adani Power, Indian Railway Finance Corporation, Jio Financial Services, Power Finance Corporation, and REC Ltd have also joined the Nifty Next 50 index. Conversely, Adani Wilmar, Muthoot Finance, PI Industries, Procter & Gamble Hygiene & Health Care, and Shriram Finance have been removed from the index.

₹70 to ₹71 apiece of face value of ₹10 each. Purv Flexipack IPO lot size consists of 1,600 shares.

₹62 lakh crore worth Indian stocks as of January 2024-end, against the aggregate market capitalisation of ₹380 lakh crore. This implies that FPI holdings in Indian equities fell further to 16.3% at the end of January 2024, which is a decadal low, from 16.6% as of November 2023, according to ICICI Securities.

Lexus Granito(India)Ltd.(up 2.32%), Sandur Manganese & Iron Ores Ltd.(up 2.15%), Madhav Marbles & Granites Ltd.(up 1.24%), The Orissa Minerals Development Company Ltd.(up 1.24%), MOIL Ltd.(up 0.91%) and Gujarat Mineral Development Corporation Ltd.(up 0.87%) were among the top gainers.

Shares of ended the day as top gainers in the pack.

1. Orient Electric Apex Prime The Orient Electric Apex Prime is a 1200mm ceiling fan which offers superior air delivery at 350 RPM, covering 210 CMM for efficient room coverage. Its decorative trims and corrosion-free aluminium blades enhance aesthetics and durability.

By Varun Fatehpuria

Skoda Auto Volkswagen India, one of the leading automakers in the country, has received the Indian Green Building Council (IGBC) Platinum certification in the Indian Automotive Industry in the owner-occupied category.

IDFC First Bank Ltd.(up 1.03 per cent), Bank of Baroda(up 0.97 per cent) and HDFC Bank Ltd.(up 0.38 per cent) were among the top gainers.

₹65,000 crore, which will include a steel plant with a capacity of 13.2 MT, a captive power plant, captive jetties with cargo-handling capacity, a cement manufacturing unit, etc. Port facilities would considerably ease logistics. JSW is eyeing stakes in overseas coal mining operations.

LiveLaw. The matter was heard by a single bench of Justice Saugata Bhattacharya, who said that there is confusion regarding the naming of the lioness. He posted the matter for hearing at a later date.

₹10 and consists of a fresh issue worth ₹120 crore and an offer for sale of up to 46 lakh equity shares by the Promoter Selling Shareholders. The offer for sale consists of the sale of equity shares of up to 11.50 lakh by Ajay Baliram Sawant, Umesh Navnitlal Shah, Ujwal Arvind Mhatre, and Jayesh Manharlal Shah by each promoter.

Oriental Trimex Ltd.(up 7.76%), Ashapura Minechem Ltd.(up 3.16%), Aro Granite Industries Ltd.(up 2.86%), Madhav Marbles & Granites Ltd.(up 2.42%), Lexus Granito(India)Ltd.(up 1.40%), 20 Microns Ltd.(up 0.97%), The Orissa Minerals Development Company Ltd.(up 0.19%) and Gujarat Mineral Development Corporation Ltd.(up 0.05%) were among the top gainers.

Shares of Bosch Ltd.(up 2.35 per cent), Bajaj Auto Ltd.(up 2.22 per cent), Tube Investments of India Ltd.(up 1.52 per cent), Maruti Suzuki India Ltd.(up 0.91 per cent) and Mahindra & Mahindra Ltd.(up 0.71 per cent) ended the day as top gainers in the pack.

Shares of Au Small Finance Bank Ltd.(up 3.03 per cent), ICICI Bank Ltd.(up 2.01 per cent), Bandhan Bank Ltd.(up 1.47 per cent) and State Bank of India(up 0.61 per cent) ended the day as top gainers in the pack.