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Munnar wildlife division records new additions to regional checklist in faunal survey

RVNL shares jump 3% after securing Rs 221 crore Railway contract

Shares of Rail Vikas Nigam Limited (RVNL) surged as much as 3.18% on Tuesday, touching an intraday high of Rs 235.50 after the company announced a fresh order win worth Rs 221.33 crore from South East Central Railway.In a regulatory filing, RVNL announced that it has secured a Letter of Acceptance (LoA) for a signalling and infrastructure upgrade project in the Bilaspur Division of South East Central Railway.The project involves the replacement of conventional Panel Interlocking systems with advanced Electronic Interlocking technology across multiple stations, including BSPR, KLPG, ABKP, MZH, HRV, PRDL, KTMA, BJRI, KJZ, MDGR, CHRM, GTK, KLTR, PLAU, and KBS. The scope of work also includes installation of indoor and outdoor signalling equipment, construction of OFC huts, development and electrification of S&T service buildings, and associated cabling works in adjoining railway sections.The contract has been awarded by South East Central Railway, a domestic entity, under the Engineering, Procurement, and Construction (EPC) model. The project is scheduled to be executed within 730 days.The total contract value stands at Rs 221.33 crore. RVNL clarified that neither the promoter group nor any group companies have any interest in the awarding entity, and the contract does not fall under related-party transactions.The latest order win further strengthens RVNL's robust order book and reinforces its position as a key player in India's railway infrastructure modernization drive. Investors cheered the development, driving the stock higher during Tuesday's trading session.Share Price Trend, Valuation & Technical OutlookDespite Tuesday's rally, RVNL's stock has been under significant selling pressure in recent months. The railway PSU has corrected nearly 25% over the past month, while investors have seen the stock decline by around 47% over the last one year, highlighting the sharp erosion in market value from its peak levels.The company currently commands a market capitalization of ₹47,586 crore. RVNL's shares have witnessed considerable volatility over the past year, with the stock hitting a 52-week high of ₹442.80 and a 52-week low of ₹227.01.From a valuation perspective, the stock trades at a Price-to-Earnings (P/E) ratio of 54.4 and a Price-to-Book (P/B) ratio of 4.85, indicating that investors continue to assign a premium valuation despite the recent correction.Also read: Wipro's Rs 15,000-crore buyback opens June 11; entitlement ratio and key details announcedOn the technical front, indicators suggest the stock may be approaching a critical zone. The 14-day Relative Strength Index (RSI) stands at 19, well below the 20-mark that is typically considered deeply oversold territory. Such readings often signal that selling may have become excessive and could pave the way for a technical rebound if buying interest returns.However, caution remains warranted. RVNL continues to exhibit a weak trend structure, with the stock currently trading below all eight of its key Simple Moving Averages (SMAs), a sign that bears still maintain control over the broader price trend.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Bharti Airtel, Vodafone Idea shares rise up to 4% as court scraps spectrum dues

Shares of Vodafone Idea and Bharti Airtel gained up to 4% on Tuesday after the Bombay High Court quashed the government's one-time spectrum charge (OTSC) demands, holding that all actions taken pursuant to the disputed demands would also stand annulled.Vodafone Idea shares jumped 4% to Rs 14.90, while Airtel share price gained over a percent to Rs 1,836 on the BSE. The ruling provides a combined relief of around Rs 20,000 crore to the two telecom operators. According to ET Now, Vodafone Idea has secured relief of Rs 11,000 crore, while Bharti Airtel has received relief of Rs 9,000 crore.A division bench comprising Justices Manish Pitale and Shreeram Shirsat set aside the demand notices issued by the Centre for recovery of OTSC. The court observed that the government had failed to demonstrate any legal authority empowering it to take such a decision or issue the resulting demand notices.The bench also directed that bank guarantees furnished by the telecom companies be returned. In addition, all demand notices and related orders concerning the one-time spectrum charge have been struck down. At the same time, the court clarified that the matter continues to remain pending before the Supreme Court.The bench noted that the government, while citing public interest, had acted beyond the scope of the contractual and licensing arrangements entered into with the telecom operators. It further observed that the Centre had not identified any source of power authorising the impugned decisions.The dispute traces its origins to a November 2012 Union Cabinet decision under which a one-time spectrum charge was to be levied on spectrum holdings exceeding 6.2 MHz from July 2008 onwards. Following that decision, demand notices were issued to Bharti Airtel and Vodafone Idea specifying the amounts payable towards OTSC.According to a PIB release, telecom operators holding spectrum up to 4.4 MHz (GSM) were exempted from any one-time charge. For spectrum holdings beyond 4.4 MHz (GSM), the government decided that a one-time charge would be imposed prospectively based on prices discovered in the 2012 spectrum auction.Airtel and Vodafone Idea challenged the decision before the Bombay High Court in January 2013, arguing that the government lacked the authority under the Telegraph Act to impose a one-time spectrum charge, particularly with retrospective effect. At the time, the court granted interim protection to the companies and directed that no coercive action be taken while the matter was being heard.In its judgment delivered on Monday, the High Court said the government could not claim that the spectrum's status as a scarce and finite natural resource entitled it to unilaterally depart from the terms of its contracts with telecom operators."The government obviously cannot claim statutory power to act as per its own whim, notwithstanding the terms of the contract/licence executed as per the power available under the Act," the High Court stated.Sensex, Nifty today: Catch all the LIVE stock market action here(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Internet Shutdown, 3,000 Cops Deployment: Why Is Jaipur Under Strict Vigil?

The Jaipur Divisional Commissioner ordered the suspension of mobile internet and social media services across Jaipur North and Jaipur East police districts from midnight on June 7.

KWA, Kochi Corpn. to conduct joint inspection over alleged water contamination

Around 60 residents of the Kadavanthra, Panampilly Nagar and Perumanoor divisions reportedly complained of diarrhoea and vomiting after allegedly consuming drinking water supplied by the KWA

'Didn't want to be Jimmy Carter': Trump shares why US troops didn't extract Iran's uranium

President Trump revealed a shelved plan to militarily extract Iran's enriched uranium, deeming it too risky. Despite this, he asserted the US capability to seize the material, which he described as "entombed" and secure. Meanwhile, US envoys consulted specialists for upcoming nuclear talks with Tehran, though significant divisions persist.

Heavy rains trigger landslide alert; evacuation ordered in Vilangad

Vadakara Revenue Divisional Officer appointed nodal officer to coordinate evacuation and relief camp operations, while Vadakara Tahsildar will serve as assistant nodal officer. District Police Chief (Kozhikode Rural) asked to deploy sufficient personnel to support evacuation plans and ensure security at relief camps and evacuated houses

Draft RMP amendments to ease plot mergers, family sub-division in Bengaluru; real estate to thrive?

The proposed move is expected to make the government’s B-to-A Khata conversion scheme more attractive, while contributing to densification of the city

Google job cuts: Company says evaluating internal structures

Google has recently laid off employees within its Cloud division, impacting its Threat Intelligence Group and Mandiant. This move, mirroring broader tech industry trends, sees the company reallocating resources towards artificial intelligence development. Google AI CEO Demis Hassabis, however, believes companies should leverage AI-driven productivity gains to expand, not reduce, their workforce.

UK PM Accuses Musk Of "Trying To Whip Up Division" Over Student's Murder

Keir Starmer also said that Elon Musk has been interfering in our politics in the last few days.

Water metro for Kolkata, separate shipping division likely: Bengal CM Suvendu Adhikari

Suvendu Adhikari said Bengal was keen to strengthen maritime infrastructure and inland water transport and was examining structural reforms to boost the sector.

"US, Israel Trying To Sow Division After Decisive Blow": Mojtaba Khamenei

A woman holds a picture of Iran's new Supreme Leader, Mojtaba Khamenei, during a rally in Tehran

Expelled TMC MLA Breaks Silence | Sandipan Saha's Explosive Claims Amid Rift Buzz | Exclusive

Expelled TMC MLA Sandipan Saha speaks exclusively to CNN-News18's Anand Narasimhan (@AnchorAnandN) amid internal tensions fuel speculations of a rift within the Trinamool CongressAmid growing speculation about internal tensions within the All India Trinamool Congress, expelled MLA Sandipan Saha speaks exclusively to Anand Narasimhan on CNN-News18.The exclusive conversation comes at a time when reports of factionalism and unrest within the party continue to dominate political discussions in West Bengal. Sandipan Saha addresses questions surrounding his expulsion, the political developments inside the TMC, and the speculation over divisions within the party.What does the expelled MLA have to say about the current situation? Are the reports of a rift being exaggerated, or do they point to deeper issues within the party?Watch the full exclusive interview for key insights, reactions, and political analysis. News18 Mobile App - https://onelink.to/desc-youtube

Collector reviews measures to reduce negative human-elephant interactions in Gudalur division

SCR continues in key role as South Coastal Railway takes off as 18th zone

The SCR’s network length now stands at 3,603 km - down from 6,645 km earlier - comprising Secunderabad (1,835 km), Hyderabad (782 km), and Nanded (986 km) divisions

I came to know about my brother’s death only through Google search: Himachal Pradesh accident victim’s sister

A tourist taxi carrying seven visitors from Bengaluru and a local driver is feared to have plunged into a deep gorge along the treacherous Bairagarh-Sach Pass-Killar road in the remote Churah subdivision of Himachal Pradesh’s Chamba district on the night of May 29, leaving all eight occupants feared dead

5-Day Relief For Kerala Firm, Probe Against P Vijayan's Daughter To Continue

After hearing both sides, the division bench reserved its verdict.

Fresh blow to TMC as 9 councillors quit, Diamond Harbour board dissolved

Diamond Harbour municipality's board has been dissolved after nine Trinamool Congress councillors resigned, citing financial irregularities and intimidation. The civic body, located in Abhishek Banerjee's constituency, now falls under administrative control with the sub-divisional officer appointed as administrator. This development marks another blow to the TMC following recent election losses.

'Script, Acting So Bad...': BJP's 'Eggciting' Jibe After Abhishek Banerjee Attacked In Sonarpur

The BJP said that while the attack on Abhishek was condemnable, it was also a result of internal divisions within the Trinamool Congress and the people's anger against the party

The end of Waltair: How Visakhapatnam got its own railway division

The railway network in this region dates to 1893, when broad-gauge operations began as part of the East Coast Railways