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Multibagger stock: Railtel Corporation of India Ltd. announced on Saturday, April 26, that it has secured a ₹90 crore work order from the Institute of Road Transport, according to the exchange filing. “This is to inform that RailTel Corporation of India Ltd. has received the work order from the Institute of Road Transport for work…
State-owned telecom service operator, Mahanagar Telephone Nigam Ltd (MTNL), on Saturday, April 19, disclosed that the company has defaulted on bank loans worth ₹8,346.24 crore from public sector lenders, according to the exchange filing. According to the BSE data, the company had taken loans from seven public sector banks, namely, the Union Bank of India,…
The arrest of absconding jeweller Mehul Choksi in Belgium over the weekend has brought the spotlight back on the ₹14,000-crore scam that hit Punjab National Bank (PNB) back in 2018. Choksi, along with his nephew Nirav Modi, is a key accused in one of the largest financial frauds in Indian banking history, which they pulled…
Stocks to buy for the long term: PSU stocks have remained under the sell-off heat for years. However, after the recent bloodbath on Dalal Street, some railway PSU stocks sign a trend reversal pattern on the technical chart. As the Government of India (GoI) showcases a special focus on railway infrastructure projects, some railway stocks…