RailTel Corporation of India has secured a significant contract worth ₹107.60 crore from Mahanadi Coalfields Limited for the establishment of MPLS VPN Network on a rental basis for a period of 60 months. According to latest reports, this substantial order represents a major expansion of RailTel's telecommunications infrastructure services in the coal mining sector. The company's shares were trading at ₹307.95 on BSE, up from the previous close of ₹306.25, with the stock hitting an intraday high of ₹311.90 and low of ₹306.95.
GIFT Nifty futures indicated a muted start for Indian equity indices on Wednesday, trading at 23,970, down 39 points at 7:46 AM. According to reports from Business Standard, Asia-Pacific markets traded mixed with Japan's Nikkei 225 gaining 1.79% and South Korea's Kospi rising 1.52%, while Australia's S&P/ASX 200 remained little changed at -0.05%. Oil prices edged higher with Brent crude rising 0.38% to $73.23 per barrel and US WTI crude advancing 0.52% to $69.86 per barrel.
Advit Jewels and Waterways Leisure Tourism are set to make their D-Street debut following completion of their respective initial public offerings. As reported by Business Standard, these companies join the list of stocks to watch during today's trading session as they prepare for their market debuts.
RailTel Corporation of India shares demonstrated strong trading activity with a net turnover of ₹18.07 crore and 58,510 shares traded across 1,407 transactions. The stock recorded a net turnover of ₹18.07 crore with 58,510 shares traded across 1,407 transactions. Other notable developments include NTPC-SAIL Power Company Ltd commissioning the final module of a 5 MW solar power project, while Bandhan Bank Ltd announced the sale of an identified NPA portfolio to an ARC.
Hexaware Technologies launched Tensai for Reasoning Ops, the first generally available operating stage of its Tensai Agentic ITOps platform. According to Business Standard, Tata Communications announced leadership changes with Genius Wong resigning as Executive Vice President and Chief Technology Officer effective July 31, while appointing Rupesh Chokshi and Vivek Srivastava to key positions. Newgen Software Technologies received a Letter of Award for a core insurance system replacement project valued at KWD 875,000 and accepted another project valued at $1.71 million.
