On Sunday, Railway Minister Ashwini Vaishnaw laid the foundation stone for a new hangar at BEML in Bengaluru, aimed at boosting the production capabilities of the company. As part of his visit, Vaishnaw also inspected the Vande Sleeper Coach and interacted with the media and staff at the Railway Training Centre. BEML Limited, a Public Sector Undertaking, was established in 1964 and is listed on both BSE and NSE.
Alkem Laboratories Ltd, a major Indian pharmaceutical company, has come under scrutiny from both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) for discrepancies in their published data. Despite being listed on both exchanges, the company's auditor data, management team information and other corporate data do not match up, causing concern for investors and prompting a closer examination. This news serves as a reminder for investors to exercise caution and seek professional advice before making any investment decisions.
Shipping stocks, including Mazagon Dock Shipbuilders, Garden Reach Shipping, and SEAMEC, saw a surge in trade on Wednesday following the collapse of the Baltimore Bridge in Maryland. Independent market expert Ambareesh Baliga predicts that the disruption will cause freight charges to rise, benefiting shipping companies. While a temporary channel has been opened to allow some vessels to move around the stuck cargo ship, the wider restoration of commercial shipping remains challenging. This incident may be the worst US bridge collapse since 2007, with reports suggesting that it may take years to replace the bridge.
In a game-changing move, Indian Railways is on track to introduce Vande Bharat sleeper trains, set to undergo trial runs from August 15. These trains are expected to outclass existing options in terms of comfort and speed, with plans to deploy around 250 of them by 2029. The manufacturing of these trains is being handled by BEML Ltd at its facility in Bangalore, marking a significant step forward in the modernization of the country's rail network.