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News Alert

NEWSALERT

Sensex tanks 764.83 pts to end at 57,696.46; Nifty tumbles 204.95 pts to 17,196.70. PTI ANS ABM ABM

NEWSALERT

Rupee falls 14 paise to close at 75.16 (provisional) against US dollar. PTI DRR ABM ABM

NEWSALERT

Govt seeks Parliament nod for gross additional expenditure of over Rs 3.73 lakh crore in current fiscal. PTI JD RAM

IPO Alert

LIC improves asset quality ahead of IPO; lowers net NPA to 0.05%

New Delhi, Dec 5 (PTI) Ahead of its proposed initial public offering (IPO), insurance behemoth LIC has improved its asset quality for the financial year ended March 2021. The non-performing assets (NPAs) as of March 31, 2021, are Rs 35,129.89 crore out of a total portfolio of Rs 4,51,303.30 crore, according to the latest Annual [...]

Footwear retailer Metro Brands IPO to open on Dec 10

New Delhi, Dec 5 (PTI) The initial share-sale of footwear retailer Metro Brands Ltd, which is backed by Rakesh Jhunjhunwala, will open for public subscription on December 10. The initial public offering (IPO) will conclude on December 14, according to the red herring prospectus. The initial share-sale comprises fresh issuance of equity shares worth Rs [...]

Cybersecurity firm Inspira Enterprise plans to float IPO this month

New Delhi, Dec 5 (PTI) Cybersecurity firm Inspira Enterprise India, which plans to launch its Rs 800-crore IPO this month, will use the funds garnered through the fresh issue for expanding its presence geographically, especially in the US, its senior official said on Sunday. At present, the Mumbai-based company has presence in six countries such [...]

Lot of unhealthy speculation on crypto taking place, says FM

New Delhi, Dec 4 (PTI) Asserting that a lot of speculation is taking place on cryptocurrencies, Finance Minister Nirmala Sitharaman on Saturday said these speculations are not "healthy at all." Her comments come against the backdrop of the government preparing to come out with legislation to regulate cryptocurrencies. Speaking at the HT Leadership Summit, the [...]

Business highlights

New Delhi, Dec 3 (PTI) Following are the top business stories at 2000 hours: DEL29 PM-LD FINTECH Need to convert Fintech initiatives into Fintech revolution for financial empowerment of masses: PM New Delhi: Prime Minister Narendra Modi on Friday underlined the need for converting Fintech initiatives into a Fintech revolution with a view to ensure [...]

Anand Rathi Wealth IPO subscribed 3 times on Day 2 of offer

New Delhi, Dec 3 (PTI) The initial public offer of Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, received 3.02 times subscription on the second day of share-sale on Friday. The Rs 660-crore initial share-sale received bids for 2,55,81,204 shares against 84,75,000 shares on offer, according to NSE data. The category [...]

Top Editor’s Pick

RBI rate decision, Omicron worries to drive stocks this week: Analysts

New Delhi, Dec 5 (PTI) Volatility is likely to continue in the stock market this week amid Omicron uncertainty and the RBI monetary policy meeting will be a key driver for benchmark indices going ahead, say analysts. It will be an event-packed week for the markets, with RBI policy and several macroeconomic numbers scheduled to [...]

Ambani backs data privacy, cryptocurrency bills

New Delhi, Dec 3 (PTI) Billionaire Mukesh Ambani on Friday backed the proposed data privacy and cryptocurrency bills, saying India is putting in place the most forward-looking policies and regulations. Ambani, who has been a votary of Indians owning and controlling their own data and the nation drafting strict rules around how digital information is [...]

RBI new norms likely to increase NBFCs bad loans by one-third: Study

The recent clarification by the Reserve Bank of India on non-performing advances (NPA) may increase non-banking financial companies (NBFCs) bad loans by one-third, says a report. A non-performing asset (NPA) refers to a classification for loans or advances that are in default or in arrears. A loan is in arrears when principal or interest payments [...]

Need to convert Fintech initiatives into Fintech revolution: PM Modi

Prime Minister Narendra Modi on Friday underlined the need for converting Fintech initiatives into Fintech revolution to provide a low-cost and reliable payment system to the masses. Speaking at the InFinity Forum, he said technology is bringing a big shift in finance, and mobile payment last year exceeded ATM withdrawals. Fully digital banks without any [...]

Indian sugar mills not signing further export contracts due to fall in global prices: ISMA

Indian sugar mills are not signing further export contracts in the ongoing 2021-22 marketing year due to a fall in global prices to below 20 cents per pound level, industry body ISMA said on Thursday. Indian Sugar Mills Association is the premier sugar organization in India. It establishes a connection between Government and Sugar industry. [...]
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Dec 3, 2021

Ambani backs data privacy, cryptocurrency bills

Editor's Pick, News, Trending News

New Delhi, Dec 3 (PTI) Billionaire Mukesh Ambani on Friday backed the proposed data privacy and cryptocurrency bills, saying India is putting in place the most forward-looking policies and regulations. Ambani, who has been a votary of Indians owning and controlling their own data and the nation drafting strict rules around how digital information is [...]

Dec 3, 2021
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Dec 3, 2021

Need to convert Fintech initiatives into Fintech revolution: PM Modi

Editor's Pick, News

Prime Minister Narendra Modi on Friday underlined the need for converting Fintech initiatives into Fintech revolution to provide a low-cost and reliable payment system to the masses. Speaking at the InFinity Forum, he said technology is bringing a big shift in finance, and mobile payment last year exceeded ATM withdrawals. Fully digital banks without any [...]

Dec 3, 2021

Trending News

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Dec 5, 2021 10:30 am

Cybersecurity firm Inspira Enterprise plans to float IPO this month

IPO, News, Trending News

New Delhi, Dec 5 (PTI) Cybersecurity firm Inspira Enterprise India, which plans to launch its Rs 800-crore IPO this month, will use the funds garnered through the fresh issue for expanding its presence geographically, especially in the US, its senior official said on Sunday. At present, the Mumbai-based company has presence in six countries such [...]

Dec 5, 2021 10:30 am
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Dec 5, 2021 10:02 am

Mcap of 7 of 10 most valued firms jump over Rs 1.29 lk cr

News, Trending News

New Delhi, Dec 5 (PTI) Seven of the top 10 valued companies together added Rs 1,29,047.61 crore in market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. During the last week, the BSE benchmark gained 589.31 points or 1.03 per cent. While Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, [...]

Dec 5, 2021 10:02 am
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Dec 3, 2021 7:22 pm

Lupin inks pact to market Pegfilgrastim in Brazil

News, Trending News

New Delhi, Dec 3 (PTI) Drug maker Lupin on Friday said it has inked a marketing pact with Biomm SA to distribute and market biosimilar Pegfilgrastim in Brazil. The company has entered into an exclusive distribution and marketing agreement with Biomm SA in Brazil for distribution of Pegfilgrastim, Lupin said in a statement. The Mumbai-based [...]

Dec 3, 2021 7:22 pm
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Dec 3, 2021 6:39 pm

Bank unions seek TN govt support for nationwide strike against privatisation; leaders call on CM

Economy, News, Trending News

Chennai, Dec 3 (PTI): Members of the All India Bank Employees' Association called (AIBEA) on Tamil Nadu Chief Minister M K Stalin on Friday and sought his support for the two-day national strike call given by the unions. The United Forum of Bank Unions (UFBU) announced the strike from December 16 to protest against the [...]

Dec 3, 2021 6:39 pm
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Dec 3, 2021 6:27 pm

Vodafone files application with govt for settlement of retro tax dispute

Corporate Action, News, Trending News

New Delhi, Dec 3 (PTI) British telecom giant Vodafone on Friday said it has filed an application with Indian authorities for settlement of their retrospective tax dispute. Vodafone further said it has "always been confident" that no tax is due on the company. The government in August enacted a law to end all retrospective taxation [...]

Dec 3, 2021 6:27 pm

Latest Market News

Over 3 cr income tax returns for FY21 filed: FinMin

New Delhi, Dec 5 (PTI) The finance ministry on Sunday said over three crore income tax returns have been filed for the financial year 2020-21 so far and advised taxpayers who are yet to file their return to do so at the earliest. The number of ITRs filed per day is over four lakh and [...]

India to supply 20% more power to Bangladesh

Agartala, Dec 5 (PTI) India will supply 20 per cent more power to Bangladesh as the two countries renewed the contract for another five years, officials said on Sunday.Tripura State Electricity Corporation Limited (TSECL) will supply 192 mw power to Bangladesh, an increase from the earlier 160 mw it supplied, as per the renewed agreement.India [...]

LIC improves asset quality ahead of IPO; lowers net NPA to 0.05%

New Delhi, Dec 5 (PTI) Ahead of its proposed initial public offering (IPO), insurance behemoth LIC has improved its asset quality for the financial year ended March 2021. The non-performing assets (NPAs) as of March 31, 2021, are Rs 35,129.89 crore out of a total portfolio of Rs 4,51,303.30 crore, according to the latest Annual [...]

RBI likely to keep key policy rate unchanged, say experts

Mumbai, Dec 5 (PTI) Amid global scare due to new coronavirus variant Omicron, the RBI is likely to maintain status quo in its upcoming monetary policy and wait for a more opportune time to calibrate benchmark interest rate to promote growth without sacrificing the main objective of containing inflation. The Reserve Bank Governor-headed Monetary Policy [...]

RSWM to foray into knitted fabric, to pump Rs 700 crore in 2-3 years

Kolkata, Dec 5 (PTI) RSWM Ltd, a group company of the LNJ Bhilwara, is foraying into knitted fabric in line with the demand trend which will contribute Rs 800 crore to its topline over the next two to three years, a senior company official said on Sunday. One of the largest makers and exporters of [...]

Govt expands SCALE committee, appoints 3 new members

New Delhi, Dec 5 (PTI) The government has expanded the SCALE committee (Steering Committee for Advancing Local Value-Add and Exports) by adding three new members, hailing from diverse industry backgrounds, according to an industry insider. The new appointees are Panasonic India Chairman and CEO Manish Sharma, Toyota Kirloskar Vice-Chairman Vikram S Kirloskar, and Asian Paints [...]

Footwear retailer Metro Brands IPO to open on Dec 10

New Delhi, Dec 5 (PTI) The initial share-sale of footwear retailer Metro Brands Ltd, which is backed by Rakesh Jhunjhunwala, will open for public subscription on December 10. The initial public offering (IPO) will conclude on December 14, according to the red herring prospectus. The initial share-sale comprises fresh issuance of equity shares worth Rs [...]

LG to strengthen market share in washing machine segment

New Delhi, Dec 5 (PTI) Home appliances and consumer electronic maker LG is strengthening its lead in the washing machine segment as the new players enter the market, and the category witnesses a shift towards premium and bigger capacity models, said a company official. In the coming years, LG Electronics India will focus on a [...]

Discoms’ outstanding dues to gencos rise 1.3 pc to Rs 1,13,227 cr in December

New Delhi, Dec 5 (PTI) Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 1.3 per cent year-on-year to Rs 1,13,227 crore in December. Discoms owed total Rs 1,11,762 crore to power generation firms in December 2020, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency [...]

Tata Motors, Honda mulling price hike from next month

New Delhi, Dec 5 (PTI) With input costs continuing to rise, automakers like Tata Motors, Honda and Renault are looking to increase vehicle prices from January next year to offset the impact. Already, car market leader Maruti Suzuki and luxury automakers Audi and Mercedes-Benz have announced to hike vehicle prices from next month. While Maruti [...]

AuthBridge raises $7mn funding from Phi Capital

New Delhi, Dec 5 (PTI) AuthBridge, which offers identity authentication products, on Sunday said it has raised USD 7 million (about Rs 52.6 crore) in funding from Delhi-based Phi Capital. The series B funding is directed through Phi Capital Growth Fund (PCGF)-1, a statement said. The capital raised will be leveraged to invest in technology, [...]

Excavation work has started in 3 coal blocks in Jharkhand: Official

Ranchi, Dec 5 (PTI) Excavation work has started in three out of 29 coal blocks of Jharkhand, according to a senior official of the Ministry of Mines. Additional Secretary in the Union Ministry of Mines, M Nagaraju called on Jharkhand Chief Minister Hemant Soren on Saturday and informed him that excavation work has already started [...]

Aurobindo, Unichem recall products in US market

New Delhi, Dec 5 (PTI) Aurobindo Pharma and Unichem Laboratories are recalling different products in the US market, the world's largest market for medicines, due to manufacturing issues. As per the latest enforcement report issued by the US Food and Drug Administration (USFDA), Aurobindo's US-based unit is recalling 7,296 containers of hypertension drug Carvedilol tablets. [...]

SBI invites bids to sell NPA account KSK Mahanadi Power with dues over Rs 4,100 cr

New Delhi, Dec 5 (PTI) SBI has invited bids from asset reconstruction companies, and other financial institutions to sell an NPA account KSK Mahanadi Power Company, with total outstanding against the company standing over Rs 4,100 crore. "In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, we [...]

Cybersecurity firm Inspira Enterprise plans to float IPO this month

New Delhi, Dec 5 (PTI) Cybersecurity firm Inspira Enterprise India, which plans to launch its Rs 800-crore IPO this month, will use the funds garnered through the fresh issue for expanding its presence geographically, especially in the US, its senior official said on Sunday. At present, the Mumbai-based company has presence in six countries such [...]

RBI rate decision, Omicron worries to drive stocks this week: Analysts

New Delhi, Dec 5 (PTI) Volatility is likely to continue in the stock market this week amid Omicron uncertainty and the RBI monetary policy meeting will be a key driver for benchmark indices going ahead, say analysts. It will be an event-packed week for the markets, with RBI policy and several macroeconomic numbers scheduled to [...]

Mcap of 7 of 10 most valued firms jump over Rs 1.29 lk cr

New Delhi, Dec 5 (PTI) Seven of the top 10 valued companies together added Rs 1,29,047.61 crore in market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. During the last week, the BSE benchmark gained 589.31 points or 1.03 per cent. While Tata Consultancy Services, HDFC Bank, Infosys, Hindustan Unilever Limited, [...]

Time of extreme pain in India, economy below 2019 levels: Abhijit Banerjee

Ahmedabad, Dec 4 (PTI) People in India are in "extreme pain" and the economy is still below the 2019 levels, Nobel laureate economist Abhijit Banerjee said on Saturday.He was virtually addressing students of Ahmedabad University during the varsity's 11th annual convocation which was also held online.Sharing his observations from a recent visit to West Bengal, [...]

It’s time that we engage more with the world: Goyal

New Delhi, Dec 4 (PTI) India's foreign trade is in comfortable position and the time has come for India to engage more with the world, Commerce and Industry Minister Piyush Goyal said on Saturday. The minister called upon the captains of Indian industry to set ambitious targets as the economy is poised for a sustained [...]

IIT-Kharagpur reports highest placements, maximum offer at Rs 2.4cr

Kolkata, Dec 4 (PTI) Indian Institute of Technology-Kharagpur said on Saturday that this year it has recorded highest placement offers in the history of IITs with the maximum packages being in the range of Rs 2-2.40 crore per annum.IIT-Kharagpur recorded over 1,100 placement offers, it said in a statement."Despite the ongoing pandemic situation, IIT-Kharagpur bagged [...]

Agri exports rise by 13% in Apr-Nov

New Delhi, Dec 4 (PTI) India's exports of agricultural and processed food products rose by more than 13 per cent during April-November this fiscal to USD 23.26 billion, the commerce ministry said on Saturday. The export of rice was the top forex earner at USD 5.93 billion during April-November 2021-22, growing 11 per cent over [...]

Did not violate Centre’s COVID-19 guidelines: American Airlines on Delhi govt notice

New Delhi, Dec 4 (PTI) A day after being issued a show-cause notice for allegedly flouting the Centre's COVID-19 guidelines, American Airlines on Saturday said its New York-Delhi flight, against which the charge has been levelled, complied with all norms.The New Delhi district administration on Friday issued a show-cause notice to the airline for alleged non-compliance [...]

Automotive R&D body working on developing fast chargers for EVs: Union minister

Canacona (Goa), Dec 4 (PTI) Automotive research and development body Automotive Research Association of India (ARAI) is working on developing fast chargers for e-vehicles, Heavy Industries Minister Mahendra Nath Pandey said on Saturday. The Pune-based autonomous institution has already developed a prototype of the product, he told PTI on the sidelines of the 'Round Table [...]

MSME minister urges entrepreneurs to grab opportunity created by closure of plants in China

Ahmedabad, Dec 4 (PTI) Union Minister of Micro, Small and Medium Enterprises (MSME) Narayan Rane on Saturday urged Indian entrepreneurs to take advantage of closure of factories in China.Indian industrialists should start manufacturing the products which are no longer produced in China, he said, speaking at an event at the Entrepreneurship Development Institute of India [...]

Indiabulls Housing Finance to raise Rs 1,000 cr

New Delhi, Dec 4 (PTI) Indiabulls Housing Finance on Saturday said it will raise up to Rs 1,000 crore through a public issue of bonds that opens next week. The base issue size of the bonds, in the nature of secured redeemable non-convertible debentures (NCDs), is of Rs 200 crore with an option to retain [...]

Centre effects major bureaucratic reshuffle, Alka Upadhyaya appointed NHAI chief

New Delhi, Dec 4 (PTI) Senior bureaucrat Alka Upadhyaya has been appointed as the chairperson of National Highways Authority of India (NHAI) as part of a major bureaucratic reshuffle effected by the Centre on Saturday. Upadhyaya, a 1990-batch IAS officer of Madhya Pradesh cadre, is currently Additional Secretary, Department of Rural Development. Sanjay Bandopadhyay, Additional [...]

Bullion rates

Bengaluru, Dec 4 (PTI) Closing bullion rates on Saturday: Standard gold [99.5 purity] Rs 49,350 per 10 gram; ornamental gold Rs 4,602 per gram; silverspot [.999 fineness] Rs 62,900 per kg. PTI DVR NVG NVG

Lot of unhealthy speculation on crypto taking place, says FM

New Delhi, Dec 4 (PTI) Asserting that a lot of speculation is taking place on cryptocurrencies, Finance Minister Nirmala Sitharaman on Saturday said these speculations are not "healthy at all." Her comments come against the backdrop of the government preparing to come out with legislation to regulate cryptocurrencies. Speaking at the HT Leadership Summit, the [...]

Dalmia Cement (Bharat) partners with gram panchayats in Bokaro for climate action initiatives

Mumbai, Dec 4 (PTI) Dalmia Cement (Bharat) on Saturday said it has partnered with 16 villages and six gram panchayats in Bokaro to drive its numerous social and climate action initiatives that are positively impacting 20,000 lives across the state. The company had recently signed Memoranda of Understanding with the Jharkhand government to make an [...]

Area, coconut prices

Areca (per QTL) Old Supari : Rs 48,000 to Rs 52,500 model Rs 51,000 New Supari : Rs 37,500 to Rs 43,500 model Rs 42,000 Koka : Rs 32,000 to Rs 38,000 model Rs 35,000 Coconut [per thousand]: 1st qlty : Rs 20,000 to Rs 27,000 model Rs 25,000 2nd qlty : Rs 10,000 to [...]

Pakistan receives USD 3 billion from Saudi Arabia to help stabilise country’s economy: Official

Islamabad, Dec 4 (PTI) Cash-strapped Pakistan on Saturday received USD 3 billion from Saudi Arabia as part of a financial assistance sought from the Kingdom to stabilise the country's economy, according to a senior government official.Saudi Arabia’s financial support to Pakistan comes more than one month after Prime Minister Imran Khan visited Riyadh and held [...]

Goa: state-run transport corporation gets second lot of electric buses

Panaji, Dec 4 (PTI) Goa's Kadamba Transport Corporation (KTCL) on Saturday received the second lot of electric buses fitted with features like electronically controlled air suspension, CCTV cameras, and the emergency button to ensure the safety of commuters. Goa Chief Minister Pramod Sawant flagged off these buses during a round table to promote an electric [...]

Coal production from captive mines likely to touch 85 MT in current fiscal

New Delhi, Dec 4 (PTI) The government on Saturday said that coal production from captive mines is likely to touch 85 million tonnes (MT) during the ongoing fiscal, which is significantly higher than last year's 62 MT. The coal production from from captive mines during this year till November has already reached around 50 million [...]

CIDCO gets blanket NOC from AAI on height of buildings in Navi Mumbai airport rehabilitation area

Thane, Dec 4 (PTI) Maharashtra's town planning authority, CIDCO, has obtained a blanket NOC from the Airport Authority of India (AAI) regarding the permissible heights for the buildings in the rehabilitation area of 2015, which it said will accelerate the development of the Navi Mumbai international airport (NMIA) rehabilitation and resettlement area. The validity of [...]

Indian economy fastest in world to come out of Covid pandemic impact: Shah

New Delhi, Dec 4 (PTI) The Indian economy is the fastest in the world to come out of the impact of the coronavirus pandemic because of policy decisions taken by the Modi government, Home Minister Amit Shah said on Saturday. Delivering the keynote address at the Hindustan Times Leadership Summit here, Shah said Prime Minister [...]

Dish TV to hold AGM on Dec 30

New Delhi, Dec 4 (PTI) Direct-to-Home service provider Dish TV, which is facing a notice from its largest shareholder Yes Bank to reconstitute its board, has said it would convene its Annual General Meeting on December 30. "The board of directors of the company vide circular resolution dated December 3, 2021 have approved the convening [...]

KOLKATA BULLION CLOSING

Kolkata, Dec.04(PTI): SILVER RDY(BAR) : Rs.61,850.00(61,400.00) Per Kg.SILVER RDY.(PORTION) : Rs.61,950.00(61,500.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,550.00(48,100.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,050.00(45,650.00) Per 10 Gms.HALLMARKED GOLD(22-CARAT) : Rs.46,750.00(46,350.00) Per 10 Gms. ---- PTI SAM

Goyal reviews preparedness for cyclone Jawad

New Delhi, Dec 4 (PTI) Union minister Piyush Goyal on Saturday reviewed the arrangements and preparations made by state governments of Andhra Pradesh, Odisha and West Bengal to deal with cyclone Jawad.Industry associations like CII, FICCI, ASSOCHAM and PHD Chambers were also represented at the conference.  The minister underscored the need for drawing of a [...]

Labour minister launches annual health check-up programme for ESIC members aged above 40

New Delhi, Dec 4 (PTI) Union Labour Minister Bhupender Yadav on Saturday launched annual preventive health check-up programme for Employees' State Insurance Corporation's insured members aged 40 years and above in pilot mode at ESI hospitals in Ahmedabad, Faridabad, Hyderabad and Kolkatta. Besides, in the ESIC's 186th meeting here chaired by Yadav, a proposal was [...]

Over 550 applicants for BEE energy conservation awards

New Delhi, Dec 4 (PTI) More than 550 applicants are in fray for the BEE energy conservation awards that have been instituted to push industries and sectors to develop innovative energy efficiency efforts in their units as well as reduce power consumption, the Power Ministry said on Saturday. Under the National Energy Efficiency Innovation Awards [...]

Omicron-concerned Singapore stops VTL travel for work pass holders

Singapore, Dec 4 (PTI) Singapore government on Saturday said employers of S Pass and work permit holders in construction, marine shipyard and process sectors will not be allowed to make new applications for their employees to enter the country via the vaccinated travel lanes (VTL). The decision by the Ministry of Manpower (MOM) comes in [...]

UP Cabinet approves Atma Nirbhar Krishak development scheme

Lucknow, Dec 4 (PTI) Ahead of the upcoming 2022 Assembly elections in the state, the UP Cabinet has approved a scheme aimed at boosting the agriculture sector, which will be implemented from the current financial year. In a meeting chaired by Chief Minister Yogi Adityanath, the Cabinet on Friday gave its nod to implement Atma [...]

BGE-COMML-COMMODITIES

Bengaluru, Dec 4 (PTI) Following are today's commodities prices (All rates in Rs/quintal): Rice Fine 4000-5100: Medium 4200-5600: Jowar 2000-2600: Jaggery cube 4200-4300: Jaggery ball 4800-5000: Coriander Seed 12000-15000: Chilies fine 26000-28000: Potato Big 1800-2400: Medium 1200-1400: Onion Big 2000-2500: Medium 1500-2000: Small 500-1000: Tamarind 9000-10000: Garlic 4000-8500: Horsegram 3600-4200: Wheat 2800-3200 Turmeric 8000-14000: Turdhal [...]

To Platinum Red Carpet Jewellery Looks from 2021 Cluster Earrings, Statement Necklaces, and Cocktail Rings

Mumbai, Maharashtra, India (NewsVoir) Platinum jewellery dominated the red carpet this past year as celebrities including Kim Kardashian West, Gemma Chan, Anya Taylor-Joy, and Zendaya returned to full glamour for an array of events. According to Platinum Guild International, the marketing association for platinum jewellery, the most popular jewellery styles were cluster earrings, statement necklaces [...]

BGE-COMML-VEGETABLES

quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-7000, Brinjal 250-6500, Tomato 333-8000, Bitter Gourd 2000-5500, Bottle Gourd 2200-6000, Ash Gourd 800-2000, Green Chilly 110-4400, Banana green 500-3600, Beans 400-10000, Green Ginger 600-4000, Carrot 1000-7000, Cabbage 1200-6900, Ladies Finger 250-6500, Snakeguard 2800-4000, Beetroot 1000-4900, Cucumber 400-3969, Ridge Gourd 2400-7500, Radish 800-6800, Capsicum [...]

Cases should be taken to logical conclusion expeditiously: FM to DRI

New Delhi, Dec 4 (PTI) Finance Minister Nirmala Sitharaman on Saturday urged officials of intelligence wings to take every case to logical conclusion expeditiously, so that it can deter perpetrators of economic crime like smuggling. Speaking at the 64th DRI Foundation Day, the Finance Minister said logical conclusion is important but speedier conclusion is what [...]

KOLKATA BULLION OPENING

Kolkata, Dec.04(PTI): SILVER RDY.(BAR): : Rs.61,400.00 Per Kg.SILVER RDY.(PORTION) : Rs.61,500.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,100.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.45,650.00 Per 10 Gms.HALLMARKED GOLD(22-CARAT) RDY. : Rs.46,350.00 Per 10 Gms.---- PTI SAM

SENS Clinic Joins Hands with Bollywood’s Favourite Acupuncturist Dr. Jewel Gamadia

Brings health & wellness magic of Bollywood into Delhi New Delhi, Delhi, India (NewsVoir) SENS Clinic, a state-of-the-art dermatology clinic and benchmark in Age management solutions in the national capital, is proud to announce its partnership with Dr. Jewel Gamadia, a leading alternative medicine expert and a name that is synonymous with beauty to Bollywood [...]

Omg, Omicron! Why it’s too soon to panic about COVID vaccines and the new variant

Brisbane, Dec 4 (The Conversation) Researchers around the world are trying to work out whether existing COVID vaccines protect us from the latest variant, Omicron.The worst-case scenario is the virus has mutated so much in the crucial parts of its genome that it can escape COVID vaccines designed to protect us from earlier versions of [...]

Goa CM launches Electricity Mobility Promotion Policy to promote e-vehicle usage

Canacona (Goa), Dec 4 (PTI) Goa Chief Minister Pramod Sawant on Saturday launched Goa Electricity Mobility Promotion Policy 2021 here to promote usage of e-vehicles.         He launched the policy at the 'Round Table To Promote Electric Mobility' event organised by the Ministry of Heavy Industries.         The policy's [...]

Birla Estates Lights up Mumbai Skyline with an Eye-Catching Drone Show

A unique and innovative spectacle announcing the launch of Birla Estates flagship project, Birla Niyaara, in Worli Mumbai, Maharashtra, India – Business Wire India Birla Estates, 100% wholly owned subsidiary of Century Textiles and Industries Limited (CTIL), lit up Mumbai’s Skyline with a unique drone show announcing the next chapter in brand’s legacy, the launch [...]

Nehru World School, Ghaziabad Becomes The 1st PASCH Certified School in U.P.

Ghaziabad, Uttar Pradesh, India (NewsVoir) Nehru World School (NWS) celebrates being honoured as a school within the PASCH network, a cooperative organization of schools around the globe that promote the teaching of German as a foreign language and who are supported by the German Federal Foreign Office. The ceremony took place on 29th November 2021 [...]

China Matters Documents Past and Present of Zhongshan City

What makes Zhongshan city special? What makes it different? BEIJING, Dec. 3, 2021 /PRNewswire/ -- Zhongshan is the birthplace of China's 1911 revolution that ended the country's thousands of years of imperial rule. The city is named after Dr. Sun Yat-sen who led the charge to change China's course of history. And decades on, he [...]

India exemplary in publishing its foreign exchange market intervention: US Treasury

By Lalit K Jha Washington, Dec 4 (PTI) India has been exemplary in publishing its foreign exchange market intervention, the US Treasury Department said on Friday adding that New Delhi should allow the exchange rate to move flexibly to reflect economic fundamentals. "The (Indian) authorities should allow the exchange rate to move flexibly to reflect [...]

Will support Zambian govt in green energy transition goals: Vedanta

New Delhi, Dec 3 (PTI) Vedanta, a global natural resources company, on Friday said it supports the Zambian government in its green energy transition goals. The company is encouraged by the steps already taken by the government, including appointment of the Green Economy and Environment Minister and is aligned to further initiatives that have been [...]

Delhi Customs intercepts Pak-origin smuggled cosmetic goods worth Rs 1.2 cr

New Delhi, Dec 3 (PTI) Delhi Customs has intercepted Pakistan-origin smuggled cosmetic goods weighing 2,800 kg worth Rs 1.2 crore, the finance ministry said on Friday. Acting on specific intelligence, officers of the Air Cargo Export Commissionerate intercepted an import consignment at New Courier Terminal on November 29. "A case of outright smuggling of Pakistan [...]

Mangalore Refinery to acquire bonds worth up to Rs 1,000 cr of subsidiary

New Delhi, Dec 3 (PTI) Mangalore Refinery and Petrochemicals Ltd on Friday said it has received board approval to acquire compulsory convertible debentures worth up to Rs 1,000 crore issued by its subsidiary ONGC Mangalore Petrochemicals Limited (OMPL). "...the Board has approved...acquisition of up to 100% of CCD issued by OMPL, a wholly owned subsidiary [...]

MoS IT launches India’s first indigenous server Rudra

New Delhi, Dec 3 (PTI) Minister of State for Electronics and IT Rajeev Chandrasekhar on Friday launched the first indigenous server, Rudra, developed by the Centre for Development of Advanced Computing (C-DAC) under the National Supercomputing Mission (NSM). The server design can be used for manufacturing classical standalone commercial servers and also as building blocks [...]

CCI closes case against Intel; finds no evidence of unfair biz practices

New Delhi, Dec 3 (PTI) The Competition Commission on Friday closed a four year-old case against Intel Corporation after concluding that there was no abuse of dominant position by the chip maker. "The Commission is of the opinion that no case of contravention of the provisions of Section 4 of the Act by the OP [...]

Credit card spends jump 12% to cross Rs 1 lakh crore mark for first time

Mumbai, Dec 3 (PTI) Credit card spends grew 12 per cent in October to cross for the first time the Rs 1 lakh-crore-mark, driven by a steep 26 per cent growth in the previous month led by ICICI Bank and HDFC Bank, says a report. The banking system saw a net addition of 13,36,000 new [...]

Tech Mahindra acquires 100 pc stake in Activus Connect for Rs 466 cr

New Delhi, Dec 3 (PTI) IT company Tech Mahindra on Friday said it has acquired 100 per cent stake in Activus Connect, which provides work-at-home customer experience management solutions, for USD 62 million (about Rs 466 crore).The US based Activus Connect has 1,750 employees and reported a revenue of USD 17 million in the financial [...]

Morepen gets USFDA nod to market generic anti-allergy drug

New Delhi, Dec 3 (PTI) Drug firm Morepen Laboratories on Friday said it has received approval from the US health regulator to market its generic anti-allergy drug in the American market.The company sells the product in India under the Fexopen brand (Fexofinadine Hydrochloride).Morepen's product is the generic version of Sanofi Aventis' anti-allergy drug Allegra.Fexofinadine is [...]

Tata Motors delivers 60 Ultra Urban electric buses to Ahmedabad Janmarg

Mumbai, Dec 3 (PTI) Home-grown auto major Tata Motors on Friday delivered 60 Ultra Urban electric buses to Ahmedabad Janmarg Limited (AJL) which will run on Ahmedabad's Bus Rapid Transit System (BRTS) corridor. Tata Motors will also be setting up required charging infrastructure and support systems to ensure smooth functioning of the 24-seater 9/9 e-buses, [...]

Next round of India-UAE free-trade pact talks from Dec 6; aim is to conclude negotiations

New Delhi, Dec 3 (PTI) Senior officials of India and the UAE would meet here next week for the third round of negotiations for the proposed free-trade agreement, where both the sides aim at concluding the talks, the commerce ministry said on Friday. Under a free-trade agreement, two trading partners reduce or eliminate customs duties [...]

PepsiCo’s IPR on FL-2027 potato variety revoked

New Delhi, Dec 3 (PTI) In a setback to PepsiCo India, the plant varieties protection authority PPV&FR on Friday revoked its varietal registration certificate which was granted to the food and beverages major on a potato variety 'FL-2027' in the country. Reacting to the development, PepsiCo said it is in the process of reviewing the [...]

Indian banks behind the curve in tapping payments tech: Kotak

New Delhi, Dec 3 (PTI) Asserting that Indian banks have been behind the curve in tapping payments technology, Kotak Mahindra Bank Managing Director Uday Kotak on Friday said they need to wake up before large parts of the traditional financial markets move out from them. Indian bankers have been short-sighted on the payments business in [...]

MeitY releases national strategy on blockchain for its adoption in govt systems

New Delhi, Dec 3 (PTI) The electronics and IT ministry on Friday released a national strategy on blockchain for adopting the technology in government systems especially for e-governance services. The ministry has adopted a multi-institutional approach for the national blockchain framework, which includes C-DAC for research and development of the framework, NIC and NICSI for [...]

Business highlights

New Delhi, Dec 3 (PTI) Following are the top business stories at 2000 hours: DEL29 PM-LD FINTECH Need to convert Fintech initiatives into Fintech revolution for financial empowerment of masses: PM New Delhi: Prime Minister Narendra Modi on Friday underlined the need for converting Fintech initiatives into a Fintech revolution with a view to ensure [...]

Eris Lifesciences forms JV with MJ Biopharm to enter insulin segment

New Delhi, Dec 3 (PTI) Drug maker Eris Lifesciences on Friday said it has formed a joint venture with Mumbai-based MJ Biopharm to enter the insulin segment. Eris MJ Biopharm, the 70:30 joint venture (with Eris holding a 70 per cent stake), would primarily engage in marketing and distribution of human and analogue insulin including [...]

Sebi in process of stipulating disclosures specific to ESG scheme: Tyagi

New Delhi, Dec 3 (PTI) Markets regulator Sebi is in the process of putting in place disclosure for mutual fund schemes with the ESG (environment sustainability and governance) theme, its chief Ajay Tyagi said on Friday. Also, the regulator is examining the disclosure of ESG related aspects in the rating press release by credit rating [...]

Anand Rathi Wealth IPO subscribed 3 times on Day 2 of offer

New Delhi, Dec 3 (PTI) The initial public offer of Anand Rathi Wealth Ltd, part of Mumbai-based financial services group Anand Rathi, received 3.02 times subscription on the second day of share-sale on Friday. The Rs 660-crore initial share-sale received bids for 2,55,81,204 shares against 84,75,000 shares on offer, according to NSE data. The category [...]

Union minister Naik visits JNPT; briefed about container port’s expansion plans

Mumbai, Dec 3 (PTI) The Minister of State for Ports, Shipping and Waterways, and Tourism Shripad Naik on Friday visited the country's premier container traffic port JNPT. The minister was briefed by the officials about the port's future expansion plans as well as a host of initiatives undertaken by it to enhance its ease of [...]

Important to balance open internet, regulations, says Google CEO

New Delhi, Dec 3 (PTI) Google CEO Sundar Pichai on Friday said it is important to have a balance between open internet and regulations that can help support the open exchange of ideas and create opportunities. Speaking at the HT Leadership Summit 2021, Pichai said the tech giant remains committed to playing a strong enabling [...]

DoT releases bank guarantee of around Rs 9,200 cr of Airtel, VIL, Jio

New Delhi, Dec 3 (PTI) The Department of Telecom (DoT) has released bank guarantees of around Rs 9,200 crore of Bharti Airtel, Vodafone Idea and Reliance Jio deposited for licence fee and spectrum usage charges, official sources aware of the development said. The move is part of a reform package announced by the government in [...]

Business briefs

*ICICI Prudential MF launches midcap 150 index fund Mumbai, Dec 3 (PTI) ICICI Prudential Mutual Fund has launched a scheme called Midcap 150 index fund, which will invest in the Nifty midcap 150 index.The new fund, which opened Friday and closes on December 17, aims to provide returns that closely correspond to the total return [...]

Lupin inks pact to market Pegfilgrastim in Brazil

New Delhi, Dec 3 (PTI) Drug maker Lupin on Friday said it has inked a marketing pact with Biomm SA to distribute and market biosimilar Pegfilgrastim in Brazil. The company has entered into an exclusive distribution and marketing agreement with Biomm SA in Brazil for distribution of Pegfilgrastim, Lupin said in a statement. The Mumbai-based [...]

Fertiliser shortage may hit potato sowing in Bengal: Officials

Kolkata, Dec 3 (PTI) The global fertiliser shortage may affect potato sowing in West Bengal this season, officials said on Friday. There has been a shortage of diammonium phosphate (DAP) in several countries, and the heat has been felt in West Bengal, the leading potato-producing state in the country. "There has been a widespread shortage [...]

Tega Industries IPO a huge hit; subscribed 219.04 times on last day of subscription

New Delhi, Dec 3 (PTI) The initial public offer of Tega Industries Limited, manufacturer of consumables for the mining industry, received an overwhelming response from investors as it got subscribed a whopping 219.04 times on the last day of subscription on Friday. The Rs 619.22 crore IPO received bids for 2,09,58,69,600 shares against 95,68,636 shares [...]

China launches its first USD 6 billion cross-border BRI train with Laos

Beijing/Vientiane, Dec 3 (PTI) China on Friday launched the first USD 6 billion cross-border train of its multi-billion-dollar Belt and Road Initiative (BRI) from Laos, which Beijing says will help the small and only landlocked country in South East Asia turn into a land-linked hub, boost regional connectivity and supply chain resilience. Chinese President Xi [...]

Shriram Properties’ Rs 600-cr IPO to open on Dec 8

New Delhi, Dec 3 (PTI) The Rs 600-crore initial share-sale of Bengaluru-based Shriram Properties will open for public subscription on December 8.       The initial public offering (IPO) will conclude on December 10, according to the red herring prospectus.     The firm has reduced its offer for sale size to Rs 350 [...]

Millennials leading charge in buying pre-owned vehicles in India: Report

New Delhi, Dec 3 (PTI) Millennials are leading the charge when it comes to buying pre-owned vehicles in the country, according to research report by online used car marketplace CARS24. The company has collaborated with leading research firm IPSOS to come out with the report which focuses on the used car buyer trends and top [...]

Vodafone files application with govt for settlement of retro tax dispute

New Delhi, Dec 3 (PTI) British telecom giant Vodafone on Friday said it has filed an application with Indian authorities for settlement of their retrospective tax dispute. Vodafone further said it has "always been confident" that no tax is due on the company. The government in August enacted a law to end all retrospective taxation [...]

Edtech Firm Univo Launches Job Placement Drive for Amity Online Students

New Delhi, Delhi, India (NewsVoir) The first edition of the on-ground Univo Job Placement drive concluded successfully on 2 December 2021 at Amity University, Noida campus. A series of on-ground placement drives are planned by the Edtech firm for its integrated partner Amity University Online. This initiative will travel across the country and open new [...]

Actor Rannvijay Singha Invests in Oneiric Gaming

Mumbai, Maharashtra, India – Business Wire India Oneiric Gaming founded in 2020 is now backed by Actor Rannvijay Singha to acquire a large number of userbases for their Oneiric (dream) games. TV’s popular reality show icon with successful properties like MTV Roadies &Splitsvilla under his belt, now also the host of Shark Tank India, an [...]

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