The Union Budget 2024-25 takes forward the Governments successful economic strategy of the previous two terms, led by investments and reforms and focused on inclusion and empowerment, according to Mr Chandrajit Banerjee, Director General, CII. The announcement on collaboration with States to take forward the next gen reforms with the twin objectives of employment generation and growth, is a welcome step.

Shares of rail and defense related companies bounced back in trades on Wednesday; however, charts reveal that several stocks were trading below their key short-term moving averages.

US stocks turned lackluster to end the session on a muted note on Tuesday amid uncertainty about the outlook for the markets following recent volatility. The major averages on the Wall Street eventually ended the day modestly lower. The Dow slipped 57.35 points or 0.1 percent to 40,358.09, the Nasdaq edged down 10.22 points or 0.1 percent to 17,997.35 and the S&P 500 dipped 8.67 points or 0.2 percent to 5,555.74. Google parent Alphabet closed slightly higher, while electric vehicle manufacturer Tesla saw a 1.9% decline, pulling back from a 5.1% gain in the previous session.

Titagarh Rail Systems (TRSL) has commenced the export of traction converters, pursuant to which the first batch of 8 converters were shipped to Titagarh Firema S.p.A (Titagarh Firema), Italy on 19 July 2024. The said export is part of a EUR 7.18 million (Rs 65 crore approx.) order received by TRSL from Titagarh Firema and marks the first rollout of traction converters from Passenger Rolling Stock Facility of Titagarh, India.

Rushil Decor is expanding its presence into the North American market, marking a significant milestone in its global growth strategy. Rushil Decor already reaching over 50 countries, aims to capitalize on one of the world’s largest markets for Laminates and MDF.