Thursday, August 06
Finance Minister Nirmala Sitharaman announced seven new bullet train corridors will be set up in her budget 2026-27 speech.“High speed rail corridors will be developed between Mumbai-Pune, Pune-Hyderabad, Hyderabad-Chennai, Chennai- Bengaluru, Delhi-Varanasi, and Varanasi-Siliguri,” the finance minister said. She also announced setting up the East West Dedicated Freight Corridor. This will run from Dankuni (Odisha) to Surat (Gujarat).While the Eastern Dedicated Freight corridor from Ludhiana to Sonnagar (1337 Km) is complete, the Western Dedicated Freight Corridor (WDFC) from Jawaharlal Nehru Port Terminal (JNPT) to Dadri (1506 Km) is nearing completion.The newly announced high speed rail corridors build upon the experience of the under construction Delhi-Mumbai corridor. Officials say
Railway linked stocks rallied up to 3% during the Budget special Sunday trading session after India’s finance minister Nirmala Sitharaman set out plans in the Union Budget 2026–27 to develop seven high speed rail corridors, lifting sentiment across wagon makers, rail financiers and technology providers on expectations of a fresh investment cycle in inter city connectivity.The BSE and National Stock Exchange held a live trading session on Sunday to coincide with the presentation of the Union Budget 2026–27, drawing attention to railway linked counters, particularly technology and wagon manufacturing stocks. Quadrant Future Tek led the gains, rising 3%. Jupiter Wagons followed with a 1.87% increase. Railway PSUs IRFC and RITES also traded higher, gaining 1.20% and 1.19%, respectively,
The Finance Minister Nirmala Sitharaman, in her Budget 2026 speech, has announced that the individual persons resident outside India will be permitted to invest in Indian equities through the Portfolio Investment Scheme with higher limits. She announced that the individual investment cap is being raised from 5% to 10%, while the aggregate limit for all such investors will increase from 10% to 24%.Tanvi Kanchan, Associate Director & Head - NRI Business, Anand Rathi Share and Stock Brokers Limited, said these increases enable foreign investors to build more substantial positions in Indian companies, which could enhance market efficiency, broaden the shareholder base, and foster stronger long-term investment in Indian capital markets.Also Read | Gold ETFs crash 16% amid dollar strengtheni
Union finance minister Nirmala Sitharaman presented the Union Budget 2026–27 in the Lok Sabha on Sunday, marking her ninth consecutive Budget. Beyond fiscal numbers, the Budget carried several announcements with clear regional significance, including key proposals for poll-bound Tamil Nadu.Rare Earth Minerals Corridor for Tamil Nadu and Three Other StatesOne of the major announcements was the establishment of dedicated rare earth mineral corridors across Tamil Nadu, Odisha, Andhra Pradesh and Kerala. The corridors aim to strengthen India’s capabilities in mining, processing, research and manufacturing of rare earth elements.Presenting the Budget, Sitharaman said the initiative would help build an integrated ecosystem, reduce import dependence and position India as a global player in cr
India’s electronics manufacturing services stocks surged up to 7% in Sunday trading after the government announced an expansion of its Electronics Component Manufacturing Scheme to Rs 40,000 crore, signalling a fresh push to localise production and accelerate semiconductor development.Shares of Indian EMS firms including Dixon Technologies, Kaynes Technology, PG Electroplast, Syrma SGS and Amber Enterprises rose between 3.25% and 7% following the announcement in Budget 2026, reflecting investor optimism over higher domestic demand and government backed incentives.Finance Minister Nirmala Sitharaman said the Electronics Component Manufacturing Scheme, launched in 2025, has already attracted investment commitments twice its original target. The government now plans to increase the scheme
