Mumbai, Feb. 1 -- In her Budget Speech, the Finance Minister said: "India Post with 1.5 lakh rural post offices complemented by the India Post Payment Bank and a vast network of 2.4 lakh dark bucks will be repositioned to act as a catalyst for the rural economy. India Post will also be transformed as a large public logistics organisation."

Following this announcement, shares of Allcargo Logistics (down 1.92%), Delhivery (down 1.73%) and Blue Dart Express (down 1.40%) and declined.

Finance Minister Nirmala Sitharaman is currently presenting the Union Budget 2025-26 in the Lok Sabha today, marking the Modi government's second budget in its third term. This will be Sitharaman's eighth consecutive budget since 2019.

The budget session will...