Railway-linked stocks like IRCTC, RVNL, and Jupiter Wagons fell significantly, with declines up to 8%, after the Union Budget FY26 did not meet expectations for a huge increase in railway capital expenditure. The government allocated the same Rs 2.5 lakh crore for railway capex as last year, dampening short-term growth prospects for the sector.
Sundaram Alternates floats hybrid fund, to raise Rs 1,500 crore
Sundaram Alternates is launching a hybrid private credit and equity fund targeting ₹1,500 crore, aiming for 18-20% returns. The fund will allocate 51-60% to listed