Cabinet approves two railway projects worth Rs 6405 crore across 7 districts in India jharkhand Karnataka Andhra Pradesh Atmanirbhar bharat

Prime Minister Shri Narendra Modi-led Cabinet Committee on Economic Affairs has approved two multitracking railway projects worth Rs 6,405 crore. The two projects covering seven districts across the states of Jharkhand, Karnataka and Andhra Pradesh, will increase the existing network of Indian Railways by about 318 kilometers.  The projects are in line with  Prime Minister…

Maharashtra cabinet approves up to 60% liquor duty hike; United Spirits, Radico, Allied Blenders stocks under pressure

The Maharashtra cabinet has approved a sharp increase in excise duties on liquor, marking the biggest percentage-wise hike since 2011. The move is expected to push up retail prices significantly and may cause ripple effects across the alcoholic beverages industry. As per the revised structure, excise duty on Indian Made Foreign Liquor (IMFL) has been…

Rapido Food Delivery: Ride-sharing platforms’ entry in food delivery market sparks buzz among competitors

Ride-hailing giant Rapido is all set to enter India’s food delivery landscape. This announcement has created a buzz across the industry, with many wondering how Rapido’s entry will impact the dominance of established players like Zomato and Swiggy. This service is expected to start in Bengaluru. Two listed companies – Zomato and Swiggy are already…