Shares of railway-related stocks surged on Friday, led by Rail Vikas Nigam Ltd (RVNL) with a 17.53% gain, after the railway minister announced the addition of 2,500 new general passenger train coaches and approval for 10,000 more. RVNL also signed an MoU with Delhi Metro Rail Corporation for participation in upcoming infrastructure projects.
Open FlipWhiteland Corporation has partnered with Marriott International to develop Westin Residences in Gurugram with an estimated total investment of Rs 5,600 crore, comprising Rs 5,000 crore in construction costs and Rs 600 crore in land costs. The project's topline is expected to reach Rs 15,000 crore. The first phase, featuring 674 residences, is set to launch in Q2 of this financial year.
Open FlipOil prices fell on Friday due to potential ceasefire talks in Gaza, which outweighed strong summer fuel demand and hurricane-related supply disruptions. Brent crude settled at $86.54 a barrel, down 1.02%, while US West Texas Intermediate crude settled at $83.16 a barrel, down 0.9%. Despite a 0.4% weekly gain for Brent and 2.1% for WTI, prices were pressured by easing Middle Eastern conflict risks.
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