Shares of Indian Railway Finance Corporation and Indian Railway Catering and Tourism Corporation rose by 0.34% to 2.88% after the Department of Public Enterprise granted the 'Navratna' status to both these entities.
The Department of Public Enterprises (DPE) falls under the Ministry of Finance and it plays a pivotal role in formulating policies and guidelines concerning the functioning and performance of public sector enterprises in India.
'Navratna status is conferred upon public sector undertakings that demonstrate outstanding financial and market performance. This recognition enhances their autonomy and financial authority.
Shares of Indian Railway Finance Corporation (IRFC) advanced 2.88% to Rs 114.35 while those of Indian Railway Catering and Tourism Corporation (IRCTC) gained 0.34% to currently trade at Rs 678.35 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app