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Infra stock jumps 4% after announcing 1:10 stock split
During the Thursday trading session the shares of one of the Realty and Infrastructure companies specialising in developing and managing of real estate and infrastructure projects almost jumped upto 4.5 percent in the days trade following the company proposed to split one existing equity share of face value Rs.10 into ten new equity shares of [...]
Navratna stock jumps 3% after receiving order worth ₹600 Cr from National Health Mission
This Navartana PSU stock which deals in operates in segments like Project Management Consultancy, Engineering Procurement & Construction, and Real Estate was up by 3 percent in the day’s trade after the company received an order worth Rs. 599.35 crores from the National Health Mission, Maharashtra. Price Action With a market capitalization of Rs. 27,675 [...]
Ashish Kacholia stock hits upper circuit after signing MoU worth ₹150 Cr with Vedant Starch
This Ace Investor stock deals in the business of being a manufacturer and exporter of products that are corn-based hit a 2 percent upper circuit after the company entered into an MoU with Vedant Starch with an approximate business value of Rs. 150 crores. Price Action With a market capitalization of Rs. 365.44 Crores, the [...]
Stock under ₹100 hits 20% upper circuit after company’s board announces 1:1 bonus issue
Stock engaged in the production and supply of plastic-based packaging solutions, PET preforms, bottles, and many more hit a 20 percent upper circuit in the day’s trade upon declaring a bonus issue of 1:1. Price Action With a market capitalization of Rs. 44 Crores, the shares of Technopack Polymers Limited hit a 20 percent upper [...]
Infra stock jumps 11% after receiving order for project honoring Sri Lanka’s 96 cricket legends
Infra stock engaged in construction and development across multiple infrastructure verticals like roads, buildings, industrial structures, and many others jumped 11 percent in the day’s trade upon receiving work order to build project “96 Legends" in Sri Lanka. Price Action With a market capitalization of Rs. 817 Crores, the shares of RPP Infra Projects Limited [...]
Transformers stock jumps after it acquires controlling stake in Posco Poggenamp for expansion
During the Thursday trading session, the shares of one of the Leading electrical equipment and transformer companies in India jumped upto 2.5 percent in the days trade following acquisition of a controlling stake in Posco Poggenamp Electrical Steel Private Limited. Price action With the market capitalization of Rs.15,371 Crores on Thursday, the shares of Transformers [...]
Stock hits upper circuit after receiving order worth ₹1,080 Cr from Govt of Maharastra for solar plant
This Microcap stock deals in the Conservancy, Mechanized Cleaning, Housekeeping, Catering, Man Power Supply, and Security hit a 2 percent upper circuit after the company received an offer letter from Govt of Maharastra for a Solar EV Plant of 1,800 MW with an investment of Rs. 1,080 crores. Price Action With a market capitalization of [...]
Auto ancillary stock jumps after company sets record date for 1:1 bonus issue
Seat manufacturing in India is a growing industry with immense potential, driven by rising demand across sectors like automotive, furniture, and commercial spaces. Companies like Bharat Seats, Parin, and Stanley Lifestyle are leading players offering diverse seating solutions. Bharat Seats specializes in automotive seating for leading brands, while Parin caters to modern office and home [...]
Green energy stock jumps 7% after receiving orders worth ₹40 Cr for solar streetlights
Green Energy stock, an integrated solar energy solutions provider engaged in offering EPC and O&M services for power plants, solar systems, pumping systems, and many others jumped upto 7 percent in the day’s trade upon receiving work orders worth Rs. 40 Crores for supply of solar modules and setting up solar street lights. Price Action [...]
Grasim VS Asian Paints: Who will dominate the paint industry?
The paint industry in India has seen robust growth, driven by urbanization, rising disposable incomes, and increased demand for decorative and industrial coatings. Grasim Industries, a key player in the sector, made a significant entry with its premium paint brand, Birla Opus. Known for its high-quality products, Birla Opus has quickly gained traction, eating into [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
Coal India arm NCL plans capex of Rs 1,900 cr in FY23
Coal India-arm Northern Coalfields Ltd (NCL) on Wednesday said it has planned a capital expenditure of Rs 1,900 crore in the current financial year. To give a boost to infrastructure, most of the capex in the current financial year would be spent on the procurement of heavy earth moving machines (HEMMs), setting up coal handling [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MAY 11, 2022 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 60,733.00 61,450.00 STANDARD GOLD (99.5) : 50,841.00 51,000.00 PURE GOLD (99.9) : 51,045.00 51,205.00 ---------------- PTI MUM SSB SSB SSB
PFC Chairman Ravinder Singh Dhillon takes addition charge of REC CMD
Power Finance Corporation Chairman Ravinder Singh Dhillon has been given an additional charge of Chairman and Managing Director (CMD) of REC for three months. The development follows the elevation of S K G Rahate to the post of Secretary, Ministry of Power. "Government of India vide order dated May 10, 2022 has communicated that Ravinder [...]
Kalyan Jewellers Q4 Results: Consolidated PAT down 2.47% at Rs 72.04 cr
Jewellery retailer Kalyan Jewellers on Wednesday reported a 2.47 per cent decline in consolidated profit after tax (PAT) during the quarter ended March 31, at Rs 72.04 crore. The company's PAT stood at Rs 73.87 crore during the corresponding quarter of 2020-21, Kalyan Jewellers said in a regulatory filing. Consolidated revenue from operations of the [...]
Relaxo Footwears Q4 Results: Net profit falls 38% to Rs 63 crore
Relaxo Footwears Ltd on Wednesday reported a decline of 38.40 per cent in its net profit at Rs 62.93 crore for the fourth quarter ended March 2022. It had posted a net profit of Rs 102.17 crore in the January-March quarter of the preceding fiscal, Relaxo Footwears said in a regulatory filing. Its revenue from [...]
Hitachi Energy inaugurates transformer component factory in Gujarat
Hitachi Energy India Ltd on Wednesday said it has inaugurated a transformer component manufacturing factory in Vadodara, Gujarat. Located at the company's largest plant in the country, this factory will produce dry bushings using the most reliable technology called 'resin-impregnated paper', Hitachi Energy India said in a statement. This will be the country's first facility [...]
Hitachi Energy inaugurates transformer component factory in Gujarat
Hitachi Energy India Ltd on Wednesday said it has inaugurated a transformer component manufacturing factory in Vadodara, Gujarat. Located at the company's largest plant in the country, this factory will produce dry bushings using the most reliable technology called 'resin-impregnated paper', Hitachi Energy India said in a statement. This will be the country's first facility [...]
Tirupur Exporters Association urge SBI to help MSMEs tide out liquidity crisis
The Tirupur Exporters Association (TEA) on Wednesday requested public sector State Bank India (SBI) to help MSMEs tide over the liquidity crisis, as the knitwear sector is passing through a difficult situation due to an unprecedented surge in cotton prices that have more than doubled. The subsequent hike in yarn prices have also doubled compared [...]
COMMODITY PRICES
COMMODITY PRICES MUMBAI, MAY 11 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 766.00 COPPER HEAVY SCRAPS 757.00 COPPER ARMATURE (CREDIT) 748.00 COPPER UTENSILS SCRAP 690.00 CC ROD 776.00 CC ROD (RECYCLED) 761.00 BRASS :- BRASS SHEET CUTTING 565.00 BRASS UTENSIL SCRAP 518.00 BRASS HONEY 500.00 ALUMINIUM :- ALUMINIUM UTENSIL [...]
PEPPER COPRA CLOSEING RATE
MUM PEPPER COPRA CLOSING RATES MUMBAI, MAY 11 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 9500 COPRA OFFICE KOZIZODE 9300 COPRA RAJAPUR MUMBAI 18000 COPRA EDIBLE MUMBAI 13000 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1850 T.P ------------ PTI MUM [...]
OILSEEDS PRICES
MAY 11, 2022 MUMBAI, (PTI) OIL SEEDS (per 100 Kgs) Gr. Kernel 8075.00 Gr. Bolds 60/70 8800.00 Gr. Javas 60/70 9900.00 Gr Javas 70/80 8900.00 Gr.Javas 80/90 9400.00 Kardiseed 2pct Crug/Expor Qly 5500.00 Seasameseed Whitish 98/2/FFA/1FM 10000.00 Whitish 95/5/FFA/1FM 9800.00 Brown 48/2 FFA/4 FM 9400.00 Brown 48/3 FFA/4 FM 9100.00 Brown 48/4 FM/* No FFA [...]
Guar seed futures rise on spot demand
New Delhi, May 11 (PTI) Guar seed prices on Wednesday rose by Rs 20 to Rs 5,927 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed contracts for May delivery increased by Rs 20 or [...]
Guar gum futures gain on spot demand
New Delhi, May 11 (PTI) Guar gum prices on Wednesday gained Rs 61 to Rs 11,309 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for May delivery traded higher by Rs 61 or 0.54 per cent at Rs 11,309 [...]
Port ministry finalises guidelines for revival of stressed assets
Ministry of Ports, Shipping and Waterways has finalised guidelines for early resolution of stuck public private partnership (PPP) projects at major ports, according to an official document. As per the official document accessed by PTI, the aim of the guidelines is to facilitate revival of the projects falling in the category of stressed assets and these [...]
Crude oil futures gain on spot demand
New Delhi, May 11 (PTI) Crude oil prices on Wednesday rose by Rs 113 to Rs 7,867 per barrel as participants widened positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 113 or 1.46 per cent at Rs 7,867 per barrel in 4,022 lots. [...]
Venus Pipes IPO fully subscribed within first few hours of opening
The initial public offer of Venus Pipes and Tubes got fully subscribed within the first few hours of opening for subscription on Wednesday. The Rs 165.41-crore IPO received bids for 51,67,502 shares against 35,51,914 shares on offer, translating into 1.45 times subscription, according to NSE data till 13:03 hours. The category meant for Retail Individual [...]
Shares of Aurobindo Pharma Slip to 52 week low after US FDA issues Form 483
The shares of Aurobindo Pharma have hit a fresh 52 week low of ₹580.10 after dropping 3.81% on the bourses. The United States Food and Drug Administration (US FDA) inspected its manufacturing facility at Jedcherla, Hyderabad from May 2 to 10 and issued a Form 483 with six observations. The pharma major said that It [...]
BULLION OPENING RATE
BULLION OPENING RATE MUMBAI, MAY 11, 2022 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 60,733.00 STANDARD GOLD (99.5) : 50,841.00 PURE GOLD (99.9) : 51,045.00 ---------------- PTI MUM SSB SSB SSB
DHL Supply Chain expands fulfilment network to 3 cities
Global contract logistics services provider DHL Supply Chain on Wednesday said it has expanded its India fulfilment network (IFN) to three new cities including Delhi and Mumbai and has invested Rs 25 crore in capacity building through such facilities. The company had launched its first fulfilment network in Bengaluru in September last year. IFN is [...]
Electric mobility player MoEVing raises USD 5 mn
New Delhi, May 11 (PTI) Electric mobility player MoEVing on Wednesday said it has raised USD 5 million (nearly Rs 40 crore) through a mix of equity and debt capital. The investors included BeyondTeq, a UAE-based venture capital firm, GCC family offices, Stride One, TradeCred and N+1 Capital, among others, the company said in a [...]
Arunachal inks pact with Creduce & HCPL for bamboo resources development
The Arunachal Pradesh government on Wednesday signed a memorandum of understanding (MoU) with Creduce and Hydel Consultants Private Limited (HCPL) for cultivation and development of bamboo resources in the state. This is the world’s largest bamboo cultivation drive by a public-private partnership, an official claimed. The agreement encompasses the plantation of 100,000 hectares of forest [...]
HOP Electric Mobility raises USD 2.6 mn
Jaipur-based electric vehicle maker HOP Electric Mobility on Wednesday said it has raised USD 2.6 million (about Rs 20 crore) in a funding round to drive its business expansion plans. The fresh funding round is part of the ongoing USD-10-million pre-series fundraising, it said without disclosing the investor's identity. "Hop Electric Mobility has closed a [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, MAY 11 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 9500 COPRA OFFICE KOZIZODE 9300 COPRA RAJAPUR MUMBAI 18000 COPRA EDIBLE MUMBAI 13000 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1850 T.P ------------ PTI MUM SVC SVC
SBI DIRECT EXCHANGE RATES
MUMBAI, MAY 11 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 76.45 77.95 76.39 78.12 EUR/INR 79.97 82.75 79.90 82.92 GBP/INR 93.77 96.79 93.69 96.99 JPY/INR 58.30 60.15 58.25 60.28 [...]
Alembic Pharma gets final USFDA nod for generic version of Arformoterol Tartrate inhalation solution
Alembic Pharmaceuticals Ltd on Wednesday said it has received final approval from the US health regulator for its generic version of Arformoterol Tartrate inhalation solution indicated for long-term treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease. The approval by the US Food & Drug Administration (USFDA) for the abbreviated new drug application (ANDA) [...]
Vodafone Idea shares gain 4% post earnings announcement
Shares of telecom operator Vodafone Idea gained 4 per cent in morning trade on Wednesday, a day after the company reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March. The stock jumped 3.31 per cent to Rs 9.03 on the BSE. At the NSE, it went up by [...]
Adani Wilmar down 34% after consecutive falls; Check analyst’s expectations
The shares of Adani Wilmar traded lower for the eighth straight day and hit the 5% lower circuit for five consecutive trading sessions. They have slipped 34% from their 52-week high of ₹878 apiece that they had touched on 28th April 2022. This happened as investors continued to book profits. On Tuesday's trades, the shares [...]
Bangladesh envoy meets UP CM
High Commissioner of Bangladesh to India Muhammad Imran met Chief Minister Yogi Adityanath at his official residence here on Tuesday and discussed ways and means to further strengthen the relations between the two countries and especially promote trade with Uttar Pradesh, an official release said. Adityanath said India and Bangladesh have strong relations in history, [...]
Ahead of IPO, Delhivery collects Rs 2,347 cr from anchor investors
Supply chain company Delhivery on Tuesday raised Rs 2,347 crore from anchor investors, ahead of its initial share-sale, which opens for public subscription on Wednesday The company has decided to allocate a total of 4,81,87,860 equity shares to anchor investors at Rs 487 apiece, which is also the upper end of the price band, aggregating [...]
Merrill Lynch fund sells ICICI Bank shares worth Rs 34 cr
Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday sold 4.80 lakh shares of private lender ICICI Bank worth Rs 34 crore through an open market transaction. According to block deal data available with the BSE, Merrill Lynch sold 4,80,440 shares at an average price of Rs 714.65 apiece, taking the transaction size to Rs [...]
NCLAT asks Jet Airways to vacate office from Mack Star Marketing’s premises
The National Company Law Appellate Tribunal (NCLAT) has directed Jet Airways, which is preparing to resume flight services in the coming months, to vacate its office from the premises of Mack Star Marketing in Mumbai. While passing an order on May 6, a three-member bench of the NCLAT also said that no monthly fees shall [...]
VIL Q4 Results: losses narrow to Rs 6,563 cr
Telecom operator Vodafone Idea on Tuesday reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March compared to same period of the previous year, while its realisation per user or ARPU improved sharply on a sequential basis. The losses were at Rs 7,022.8 crore in the year-ago period, according [...]
Ajanta Pharma Q4 Results: Consolidated profit after tax falls 5% to Rs 151 cr
Ajanta Pharma on Tuesday said its consolidated profit after tax declined by 5 per cent to Rs 151 crore for the fourth quarter ended March 2022. The drug firm had reported a consolidated PAT (Profit After Tax) of Rs 159 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations rose to Rs 870 [...]
SBI hikes interest rates on bulk term deposits by 40-90 basis points
Country's largest lender State Bank of India on Tuesday announced a hike of 40-90 basis points in the interest rates on several bulk term deposits. The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday, the bank said. While interest rate on deposits maturing between 7 [...]
Bank of Baroda hikes lending rate by up to 10 bps
State-owned Bank of Baroda (BoB) on Tuesday announced an increase in its lending rate by up to 10 basis points (0.1 per cent), joining its peers that have raised rates after the surprise tightening of monetary policy by the RBI last week. The bank has hiked the marginal cost of funds based lending rate (MCLR) [...]
United Kingdom, United States, European Union accuse Russia of series of cyber-attacks
Russia has been behind a series of cyber-attacks linked with its conflict with Ukraine earlier this year with wide-ranging impact across Europe, the European Union (EU), the UK and the US said on Tuesday. The western allies said the most recent attack was on the communications company Viasat in Ukraine, which had a wider impact [...]
Govt warns cab aggregators of strict action for unfair trade practices
Cab aggregators, including Ola and Uber, have been warned of strict action unless they improve their systems and redress rising consumer complaints, a senior government official said on Tuesday. The government held a meeting on Tuesday with the ride-hailing platforms amid a rise in consumer complaints of alleged unfair trade practices by them, including ride [...]
Black Box India Partnership with Juniper Networks Elevated to Elite Plus Partner Program Status
MUMBAI, India, May 10, 2022 /PRNewswire/ -- Black Box Limited (formerly AGC Networks Ltd), (BSE: BBOX) and (NSE: BBOX), a trusted IT solutions provider today announced that its partnership with Juniper Networks, a leader in secure, AI-driven networks, has been elevated to the highest level of their partner Juniper Partner Advantage Program 2022 - Elite [...]
Startups shape future of industries: Niti VC
Startups represent an important part of the economy and can shape the future of jobs, products and industries, NITI Aayog Vice Chairperson Suman Bery said on Tuesday. Speaking at the launch of 'AIM-PRIME Playbook', Bery further said science-based startups are particularly exciting due to their potential for delivering large-scale social impact. The AIM PRIME (Program [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MAY 10, 2022 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 61,967.00 61,473.00 STANDARD GOLD (99.5) : 51,280.00 51,290.00 PURE GOLD (99.9) : 51,486.00 51,496.00 ---------------- PTI MUM SSB SSB SSB
Orient Electric Q4 Results: Net profit falls 22% to Rs 49 cr
Orient Electric on Tuesday reported 22.16 per cent decline in net profit at Rs 48.78 crore for the fourth quarter ended March 31, 2022. The CK Birla group firm had posted a net profit of Rs 62.67 crore for the year-ago period, Orient Electric said in a regulatory filing. Revenue from operations was down at [...]
Wardwizard Innovations & Mobility Q4 Results: PAT rises over four-fold to Rs 3.28 cr
Electric vehicle maker Wardwizard Innovations & Mobility has reported an over four-fold increase in its Profit After Tax (PAT) at Rs 3.28 crore for the quarter ended March, according to a company statement. The Vadodara-based firm had posted a PAT of Rs 69.26 lakh in Q4FY21. The company said its income rose by 347 per [...]
Rainbow Children’s Medicare shares tumble nearly 17% in debut trade
Shares of Rainbow Children's Medicare on Tuesday debuted with a discount and later ended nearly 17 per cent lower against the issue price of Rs 542. The stock opened at Rs 506, registering a decline of 6.64 per cent from the issue price on the BSE. During the day, it tanked 22.32 per cent to [...]
Equity MFs see Rs 15,890 crore inflow in April amid volatile stock market
Sustaining positive momentum for the 14th straight month, equity mutual funds attracted a net sum of Rs 15,890 crore in April amid heightened volatility in stock market and consistent selling by foreign portfolio investors. This was much lower compared to a record net inflow of Rs 28,463 crore seen in the preceding month, data from [...]
Crypto industry wants govt to lower TDS on transactions
The crypto industry has urged the government to reduce the TDS on payments towards gains arising from trading in cryptocurrencies to 0.01 or 0.05 per cent, from the proposed 1 per cent, saying it will hurt retail traders. CoinDCX CEO and Co-Founder Sumit Gupta said 30 per cent tax on income from cryptocurrencies is on [...]
Polycab India Q4 Results: Net profit rises 20% to Rs 325 cr YoY
Wires and cables manufacturer Polycab India on Tuesday reported a 20 per cent year-on-year rise in net profit to Rs 325.33 crore for the fourth quarter ending March 31. The company's net profit was Rs 271.06 crore in the year-ago quarter, Polycab India said in a BSE filing. Revenue from operations during the quarter under [...]
Reliance Nippon Life Q4 Results: Net Income rises Rs 65 cr for FY22
Reliance Nippon Life Insurance on Tuesday reported a 30 per cent rise in net income at Rs 65 crore for FY22, as its premium income increased 6.3 per cent. While total premium collection rose to Rs 5,037 crore year-on-year, new premium collection rose 13 per cent to Rs 1,282 crore for the year, the company, [...]
TD Power Systems Q4 Results: Consolidated net profit jumps to Rs 25 cr
TD Power Systems on Tuesday posted over 60 per cent rise in consolidated net profit at Rs 24.66 crore for March quarter 2021-22 mainly on the back of higher revenue. Consolidated net profit in the year-ago period was Rs 15.37 crore, a BSE filing said. Total income in the quarter under review rose to Rs [...]
Sebi amends InvITs rule; specifies draft filing fees for initial offer, rights issue
Capital markets regulator Sebi came out with a new norm to implement draft filing fees to be paid by infrastructure investment trusts (InvITs) for initial offers and rights issues. Now InvITs are required to pay non-refundable filing fees of 0.1 per cent in case of initial offer and 0.05 per cent in case of rights [...]
Chalet Hotels Q4 Results: Consolidated net loss narrows to Rs 11.45 crore
Chalet Hotels Ltd on Tuesday reported a narrowing of consolidated net loss at Rs 11.45 crore for the fourth quarter ended March 2022. The company had posted a consolidated net loss of Rs 25.98 crore in the same quarter of the preceding fiscal, Chalet Hotels Ltd said in a regulatory filing. Consolidated revenue from operations [...]
Asian Paints Q4 Results: Consolidated net profit remains constant, Revenue up 20% YoY
Asian Paints on Tuesday reported a marginal increase in consolidated net profit at Rs 874.05 crore for the fourth quarter ended March 31, 2022. The company had logged a net profit of Rs 869.89 crore in the year-ago period, Asian Paints said in a regulatory filing. Revenue from operations was up 20.60 per cent to [...]
CMS Infor Systems eyes 70% top line growth by FY25
Cash management company CMS Info Systems on Tuesday said it is eyeing for a nearly 70 per cent growth in its top line in the next three years as the use of cash continues in the country's economy. The company had set a target to grow at a compounded annual rate of 18 per cent [...]
Suo-moto probe by DGTR: Govt imposes countervailing duty on copper tubes, pipes
The government has imposed a countervailing duty on copper tubes and pipes coming from Malaysia, Thailand and Vietnam for five years, following recommendations by the Directorate General of Trade Remedies that has probed the matter on a suo-moto basis. The imposition of the duty is aimed at guarding domestic players against imports that are subsidised [...]
COMMODITY PRICES
COMMODITY PRICES MUMBAI, MAY 10 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 767.00 COPPER HEAVY SCRAPS 758.00 COPPER ARMATURE (CREDIT) 749.00 COPPER UTENSILS SCRAP 690.00 CC ROD 778.00 CC ROD (RECYCLED) 765.00 BRASS :- BRASS SHEET CUTTING 567.00 BRASS UTENSIL SCRAP 518.00 BRASS HONEY 500.00 ALUMINIUM :- ALUMINIUM UTENSIL [...]
P&G India increases spending on women-led businesses to Rs 500 cr by 2025
FMCG major Procter & Gamble (P&G) on Tuesday announced new commitments as part of its efforts to strengthen equality and inclusion in India and increased the total spending to support women-led businesses to Rs 500 crore by 2025. Last year, P&G India - which owns power brands including Ariel, Tide, Whisper, Gillette, Oral B, head [...]
PEPPER COPRA CLOSING RATE
MUM PEPPER COPRA OPENING RATES MUMBAI, MAY 10 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 93000 COPRA OFFICE KOZIZODE 91000 COPRA RAJAPUR MUMBAI 18000 COPRA EDIBLE MUMBAI 13000 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1850 T.P ------------ PTI MUM [...]
OILSEEDS PRICES
MAY 10, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1615.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1800.00 Sunflower Exp.Ref. 1870.00 Cottonseed(Refined) 1620.00 Refined Palm Oil 1560.00 Soyabean Ref. 1560.00 Imp.Soyabean Crude - Rapeseed Ref. 1580.00 Rapeseed Exp. 1550.00 Copra white 1520.00 Rice Bran 4-7% FFA - Rice Bran 1420.00 Linseed 1580.00 [...]
Home construction app Kolo raises USD 4 million
Home construction and renovation app Kolo on Tuesday said it has raised USD 4 million from global venture capital firm RTP Global and existing investor Better Capital. The new investment will help fuel the company's continued growth, enhance the consumer side product offerings, including the content-recommendation engine, the community offering, digital portfolio and tools for [...]
JSW Steel crude steel output rises 22% in April
JSW Steel on Tuesday said its crude steel production increased 22 per cent to 16.67 lakh tonne in April 2022. Crude steel production in April 2021 stood at 13.71 lakh tonne, JSW Steel said in a statement. "JSW Steel reported crude steel production for the month of April 2022 at 16.67 lakh tonne, that grew [...]
BharatPe sacks employees, vendors; to claw back shares from Grover
\Payments startup BharatPe on Tuesday said it has terminated several employees and vendors as well as filed criminal cases against them for misconduct besides deciding to claw back former founder Ashneer Grover's restricted shares in the firm. The steps have been taken by the company's board following a detailed corporate governance review against the backdrop [...]
Exciting time for financial institutions to accelerate digital progress: Microsoft official
Financial institutions should focus on further accelerating digital progress, take bold bets and harness the power of technology to support value creation, a senior Microsoft official said on Tuesday. Speaking at the 'Future Ready Industry week - BFSI edition', Bill Borden, Corporate Vice President, Financial Services, Microsoft, said financial services players need to think about [...]
Guar gum futures ease on low demand
New Delhi, May 10 (PTI) Guar gum prices on Tuesday fell by Rs 76 to Rs 11,651 per five quintals in the futures market as traders offloaded their holdings in line with weak trend in spot market. On the National Commodity and Derivatives Exchange, guar gum for May delivery declined by Rs 76 or 0.65 [...]
Guar seed futures decline amid ample supplies
New Delhi, May 10 (PTI) Guar seed prices on Tuesday declined by Rs 11 to Rs 6,029 per 10 quintals in the futures trade amid increasing supplies from producing regions. On the National Commodity and Derivatives Exchange, guar seed contracts for May delivery fell by Rs 11 or 0.18 per cent to Rs 6,029 per [...]
Crude oil futures decline on low demand
New Delhi, May 10 (PTI) Crude oil futures on Tuesday marginally dropped by 0.01 per cent to Rs 7,978 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for May delivery fell by Re 1 or 0.01 per cent to Rs 7,978 per barrel with a business [...]
‘Higher coal imports may push power supply cost for discoms by 4.5- 5 % in FY23’
The government measures to ease power supply constraints through higher coal imports are likely to increase cost of supply for discoms by 4.5-5.0 per cent in 2022-23, Icra said on Tuesday. On May 5, Ministry of Power (MoP) issued a directive under Section 11 of the Electricity Act, stating that all imported coal-based power plants [...]
Multibagger Food Consumer Company hits 52-Week low, Analysts are Bullish
The Stocks of Nestle India hit the 52-week low on Monday when its share price declined by -2.85%. Nestle India Limited is a subsidiary of Nestle, a Swiss MNC, and operates in the Food segment. It is a large-cap company with a market cap of Rs 159,246.95 Cr. The stock is currently trading at a [...]
Dalmia Bharat Q4 Results: Consolidated net profit down 6% to Rs 600 cr
Cement maker Dalmia Bharat has reported 6.10 per cent decline in consolidated net profit at Rs 600 crore for the fourth quarter ended March 2022. It had clocked a net profit of Rs 639 crore in the year-ago period, Dalmia Bharat said in a regulatory filing. However, revenue from operations was up 7.26 per cent [...]
Hero Electric partners ReadyAssist to provide service support to B2B customers
Electric two-wheeler maker Hero Electric on Tuesday said it has partnered with roadside assistance firm ReadyAssist to provide service support and annual maintenance to its B2B customers. The initiative will improve business for B2B customers by increasing the uptime of customer e-Bikes and providing quick and efficient service support to fleets deployed in last-mile delivery, [...]
Cosmo Films Q4 Results: Consolidated Net profit up 45% to Rs 108 cr
Cosmo Films has reported an increase of 45.30 per cent in consolidated net profit at Rs 108.18 crore for the fourth quarter ended March 2022, helped by higher sales and better-operating margins. The company had posted a consolidated net profit of Rs 74.45 crore for the January-March period a year ago, Cosmo Films said in [...]
BULLION OPENING RATE
BULLION OPENING RATE MUMBAI, MAY 10, 2022 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 61,967.00 STANDARD GOLD (99.5) : 51,280.00 PURE GOLD (99.9) : 51,486.00 ---------------- PTI MUM SSB SSB SSB
Sun Pharma gets 10 observations from USFDA for Halol plant
Sun Pharma on Tuesday said the US health regulator has issued a 'Form 483' with ten observations after inspecting its Halol-based manufacturing plant in Gujarat. As per USFDA, a Form 483 is issued to a firm's management at the conclusion of an inspection when the investigator has observed any conditions that in its judgment may [...]
SBI DIRECT EXCHANGE RATES
FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ). CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 76.65 78.15 76.58 78.32 EUR/INR 79.98 82.77 79.91 82.94 GBP/INR 93.63 96.68 93.54 96.88 JPY/INR 58.19 60.03 58.14 60.15 CHF/INR 76.73 79.47 [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, MAY 10 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 93000 COPRA OFFICE KOZIZODE 91000 COPRA RAJAPUR MUMBAI 18000 COPRA EDIBLE MUMBAI 13000 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1850 T.P ------------ PTI MUM SVC SVC
Audi names PPS Motors as new dealer partner for Kerala
Luxury carmaker Audi India on Tuesday said it has appointed PPS Motors Pvt Ltd as its new dealer partner in Kerala. This partnership includes Audi Kochi, Audi Service Kozhikode and Audi Service Trivandrum, effective May 1, 2022, the German carmaker said in a statement. "Kerala is an extremely important market for Audi India, and we [...]
BharatPe initiates action against former founder to claw back restricted shares
BharatPe on Tuesday said it has initiated necessary action against a former founder to claw back his restricted shares following a governance review. In a statement, the firm said it will take all steps to enforce its right under the law. In January 2022, the board of BharatPe initiated the corporate governance review of the [...]
MakeMyTrip plans to enhance business-to-business segment
Online travel services firm MakeMyTrip on Tuesday said it is planning to enhance its business-to-business segment, targeting large corporates and micro, small and medium enterprises to tap the opportunity in domestic corporate travel. The company currently has over 1,650 mid-to-large corporates and more than 30,000 MSME clients. It has engaged over 2,6000 offline travel agents [...]
Penny stocks held by Mutual Funds In India – Do you own any?
Generally, mutual funds and FIIs do not invest in penny stocks due to the risks associated with them. These days, however, they are searching for penny stocks that are fundamentally strong so that they can generate stellar returns. Many stocks that have made it to the mid-cap or the large-cap list were once penny stocks [...]
Rainbow Children’s Medicare shares list at nearly 7% discount
Shares of Rainbow Children's Medicare on Tuesday debuted with a discount of nearly 7 per cent against the issue price of Rs 542. The stock opened at Rs 506, registering a decline of 6.64 per cent from the issue price on the BSE. It further tanked 11 per cent to Rs 482. At the NSE, [...]
Cipla inks pact with Genes2Me to launch COVID-19 RT PCR test kit
Drug major Cipla on Tuesday said it has launched a COVID-19 RT PCR testing kit in the country in partnership with diagnostics firm Genes2Me. With the launch of the "RT-Direct multiplex COVID-19 RT PCR" test kit, the Mumbai-based drug firm is expanding its diagnostics offerings, it said in a regulatory filing. Cipla will be responsible [...]
NSE Academy joins hand with RIMS to strengthen biz resiliency via risk management education
NSE Academy, a subsidiary of the National Stock Exchange, on Tuesday said it has collaborated with the Risk and Insurance Management Society (RIMS) to strengthen business resiliency through risk management education. The pact is aimed at delivering a series of RIMS-Certified Risk Management Professional Certification (RIMS-CRMP) instructor-led virtual preparation courses for both aspiring students and [...]
Colombo Stock Exchange declares Tuesday as market holiday amid worst economic crisis in Sri lanka
The Colombo Stock Exchange has declared Tuesday as a market holiday due to settlement difficulties, nearly a month after it remained closed for a week amid the worst economic crisis in Sri Lanka. The decision also came a day after Sri Lanka witnessed unprecedented violence and political crisis following the resignation of Prime Minister Mahinda [...]
Many pockets of Mumbai plunge into darkness in another power outage
Many pockets of Mumbai plunged into darkness on Monday evening in a power outage caused by what was termed as a "technical fault". The outage comes amid a series of disruptions in power supply faced by the financial capital over the last month amid a severe shortage of electricity that has forced the state discom [...]
Borosil Renewables to invest Rs 1,500 crore in two years to add capacity by 2.5 times
Solar panel glass manufacturer Borosil Renewables on Monday said it will invest Rs 1,500 over the next two years to expand its capacity by nearly 2.5 times and supply 15 GW of solar modules by FY25. "We are doubling down on our investments because being the first and the only domestic manufacturer of solar panel [...]
Adani Ports & SEZ moves HC against disqualification from JNPA tender
Adani Ports and Special Economic Zone Ltd (APSEZ) on Monday moved the Bombay High Court challenging the disqualification of its bid in connection with a tender issued by state-run Jawaharlal Nehru Port Authority (JNPA) for upgradation of the latter's container terminal in Navi Mumbai. A vacation bench of Justices AK Menon and NR Borkar sought [...]
Godrej Agrovet Q4 Results: Consolidated Profit jumps 120%
Godrej Agrovet on Monday reported a rise of 120.59 per cent in its consolidated profit at Rs 139.81 crore during the quarter ended March 2022 compared to the same period of the preceding financial year. The company's profit stood at Rs 63.38 crore during the corresponding period of the previous fiscal, Godrej Agrovet said in [...]
Infibeam Avenues Q4 Results: Consolidated net profit dips 11% to Rs 28 cr
Infibeam Avenues on Monday reported an 11 per cent drop year-on-year in its consolidated net profit to Rs 28 crore for the fourth quarter ended March 2022. However, the company's gross revenue rose 84 per cent year-on-year to Rs 369 crore in the just-ended quarter. On a sequential basis, the consolidated net profit was 17 [...]
Indian Overseas Bank hikes repo based lending rate to 7.25%
Indian Overseas Bank has revised the external benchmark linked lending rate to 7.25 per cent from May 10, the bank said on Monday. "Our bank has revised the Repo Linked Lending Rate (RLLR) to 7.25 per cent (ie 4.40 per cent +2.85 per cent = 7.25 per cent) with effect from May 10, 2022," the [...]
PM to launch Madhya Pradesh govt’s new startup policy on May 13
Prime Minister Narendra Modi will on May 13 virtually launch the Madhya Pradesh government's new startup policy aimed at encouraging budding entrepreneurs in the state, an official said on Monday. A host of incentives will be given to eligible early stage companies under the Madhya Pradesh government's Startup Policy and Implementation Plan-2022, he said. The [...]
NTPC invites bids to import 4.53 million tonnes of coal
State-owned power giant NTPC has invited bids to procure imported 4.53 million tonnes (MT) coal mainly for blending with the domestic dry fuel in thermal plants. The NTPC tender for the import of coal assumes significance in view of the ongoing dry fuel shortage at power plants. Earlier this month, the power ministry had directed [...]
IDBI Bank board approves appointment of T N Manoharan as part-time chairman
IDBI Bank on Monday said its board has approved the appointment of T N Manoharan as the part-time chairman for a period of three years. The bank also announced that M R Kumar has ceased to be the non-executive non-whole time chairman of the bank with effect from May 8, 2022, after completion of the [...]
Shipping Corp board approves changes in demerger scheme for non-core assets
State-owned Shipping Corporation of India on Monday said its board has approved certain modifications in the scheme of arrangement for demerger of the company's non-core assets into Shipping Corporation of India Land and Assets Ltd. As part of the strategic sale process, the government is hiving off Shipping House, training institute and some other non-core [...]
PVR net loss narrows to Rs 105 crore in Q4; revenue rises three-fold
Multiplex chain operator PVR Ltd on Monday reported narrowing of its consolidated net loss to Rs 105.49 crore during the fourth quarter ended in March 2022. The company had posted a net loss of Rs 289.21 crore in the January-March quarter a year ago, PVR said in a BSE filing. Its revenue from operations rose [...]
LIC IPO subscribed nearly 3 times; govt raises Rs 21,000 cr
Life Insurance Corporation's IPO, the country's biggest public offer, was subscribed 2.95 times on the last day of offer period on Monday, helping the government mobilise about Rs 21,000 crore. Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received, according to data posted on stock exchanges at 7 pm. The Qualified Institutional Buyers (QIBs) category [...]
Bullion rates
Standard gold [99.5 purity] Rs 53,180 per 10 gram Ornament gold Rs 4960 per gram Silverspot [.999 fineness] Rs 63,200 per kg. PTI DVR KH KH
NEWSALERT
LIC IPO subscribed 2.95-times at close of subscription period: Exchange data. PTI DP DP ABM ABM
Average retail price of wheat flour surges 13% Rs 32.91 per kg in one year
The average price of wheat flour in retail markets stood at Rs 32.91 per kilogram on Monday, a nearly 13 per cent increase compared to the year-ago period, according to official data. The all-India average retail price of wheat flour or atta was Rs 29.14 per kg on May 8, 2021. The data from the [...]
RailTel launches PM-WANI scheme-based access of its public WiFi services across 100 stations
RailTel has launched Prime Minister Wi-Fi Access Network Interface (PM-WANI) scheme-based access of its public WiFi services across 100 railway stations, the Rail PSU said in a statement on Monday. The soft launch of this public friendly services was done by Puneet Chawla Chairman and Managing Director, RailTel, at a programme held here on Monday. [...]
Centre has created new opportunities for private sector to make products done earlier only by PSUs: FM Sitharaman
With licence quota raj prevailing during the 70 years of Congress regime, the policy change brought in by the central government under Prime Minister Narendra Modi has created new opportunities for the private sector by allowing them to manufacture products that were normally made by public sector units (PSUs), Union Finance Minister Nirmala Sitharaman said [...]
World’s richest person Elon Musk raises storm; says ‘If I die under mysterious circumstances…’
World’s richest person Elon Musk, who recently bought Twitter in a multi-billion-dollar deal, kicked off a storm on social media on Monday by posting a speculative tweet over the possibility of his death under “mysterious circumstances”. Musk, 50, who is the CEO of US-based electric car major Tesla and American aerospace company SpaceX, said in [...]
Mindtree, L&T Infotech fall post merger announcement
Shares of Mindtree and L&T Infotech declined on Monday after the announcement of the merger of the two companies to create the country's sixth latgest IT company. Shares of Mindtree tumbled 5.30 per cent to end at Rs 3,195.65 on the BSE. During the day, the stock tanked 5.88 per cent to Rs 3,176. L&T [...]
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