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Stock hits 5% upper circuit after Rajasthan Gases sold 13% stake in the company
This Microcap Oil stock deals in the oil and Gas exploration business with its subsidiaries and from step-down subsidiaries hit a 5 percent upper circuit after the Rajasthan Gases sold the stake in the company at Rs. 24.53 per share. Price Action With a market capitalization of Rs. 208 Crores, the shares of Gujarat Natural [...]
Defence stock hits 5% upper circuit after signing contract worth ₹1,000 Cr from Min. of Defence
Defence stock engaged in shipbuilding, ship servicing/repair, marine engineering and many more hit a 5 percent upper circuit in the day’s trade upon signing contract worth Rs. 1,000 Crores with the Ministry of Defence. Price Action With a market capitalization of Rs. 43,560 Crores, the shares of Cochin Shipyard Limited hit a 5 percent upper [...]
Stock jumps 14% after receiving order for VFD spares and modules
The power sector in India is witnessing robust growth, driven by the increasing demand for electricity due to rapid urbanization, industrial expansion, and rising consumer needs. The government's initiatives like the “Power for All program”, renewable energy targets, and electrification of rural areas have further accelerated the sector's momentum. With an expanding population and a [...]
Adani Power VS TATA Power: Who will dominate the power sector?
India’s power sector has witnessed significant growth in recent years due to the rising demand for electricity driven by urbanization, industrialization, and population growth. Major players like Tata Power, Reliance Power (RPower), and Adani Power are leading this transformation by investing in thermal, solar, and renewable energy projects. With India's rapidly expanding economy, the power [...]
Realty stock revenue guidance of ₹24,000 Cr for FY25 to look out for
This Realty company, which has a diversified business ranging across segments like Office, Residential, Hospitality, Retail, Warehouses, and Property Management has given a revenue guidance of Rs. 24,000 crore pre-sales for FY25. Price Movement Prestige Estates Projects Limited's stock in Monday’s session was trading at Rs. 1,628.65 per share down by 1.29 percent from the [...]
Stocks to Buy: SBI Life and 5 other stocks to buy now for an upside of more than 60%
The Indian Benchmark Indices closed in green on Friday with the Sensex gaining around 759.05 points ending the week at 79,802.79 and the Nifty 50 index gaining around 216.95 points ending the week at 24,131.10. In the last five trading sessions, the Sensex declined by approximately 0.47 percent while the Nifty 50 index declined by [...]
7 Stocks in which Ashish Kacholia bought fresh stake in the company
Ace investors are renowned individuals who have achieved significant success in the stock market through their investment strategies and portfolios. The decisions and portfolio moves of these ace investors can significantly influence stock prices and market sentiment. Ace Investor Ashish Kacholia has made strategic investments with a varied portfolio that includes hospitality, education, infra, chemicals, [...]
Solar module stocks to keep on your radar after expectation of price hike
As per Reports, the prices of Solar Modules and Cells are likely to rise following China's decision to reduce tax rebates on the export of its solar modules and cells kicking in on Dec. 1, from 13 percent to 9 percent resulting in a 4 percent increase in input costs for solar panel manufacturers, With [...]
5 Stocks with high RoE and RoCE of up to 45% to keep in your radar
The PEG ratio, which stands for Price/Earnings-to-Growth, is a metric that helps evaluate whether a stock is undervalued or overvalued by taking into account both the stock's price-to-earnings (P/E) ratio and its expected earnings growth rate. Addionally, Return on Equity (RoE) is another key financial metric that measures a company's profitability in relation to shareholders' [...]
4 Stocks in which BlackRock bought stake in the company
BlackRock, Inc. is the world's largest asset management firm engaged in offering a wide range of investment management, risk management, and advisory services. It is also a significant shareholder in many large companies, with a great influential position in the global financial market. Listed below are some of the shares in which BlackRock has invested [...]
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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
Flipspaces acquires architect and interior design platform Renomania
New Delhi, May 5 (PTI) Startup Flipspaces, which is into interior design, has acquired Renomania, a platform for end customers to comprehensively discover and engage with architects, interior designers and brands.The acquisition is a 100 per cent sale of the platform’s assets, database and all technology and related intellectual property (IP), Flipspaces said in a [...]
Airtel Payments Bank appoints Manish Pandey as Chief Information Security Officer
New Delhi, May 5 (PTI) Airtel Payments Bank has appointed Manish Pandey as its new Chief Information Security Officer. Pandey will head the information and cyber security practice for Airtel Payments Bank and report to Pradeep Rangi, Chief Risk Officer. "We welcome Manish Pandey, our new Chief Information Security Officer, on board," Airtel Payments Bank [...]
Borosil Renewables Q4 Results: Net profit dips to Rs 46.38 cr
Borosil Renewables' March 2022 quarter net profit fell to Rs 46.38 crore against Rs 66.87 crore in the year-ago period, mainly due to lower revenues. The total income declined to Rs 182.33 crore in the quarter from Rs 196.90 crore a year ago, showed a regulatory filing on Thursday. Its net profit rose to Rs [...]
Secure Top FD Rates and Invest Efficiently with Bajaj Finance Fixed Deposit Rates Up to 7.35 percent p.a.
Pune, Maharashtra, India (NewsVoir) Returns on investment with market-linked instruments can be elusive, especially with global factors constantly interfering with local indices. However, investors can forecast their earnings with certainty with a fixed-income instrument like the Bajaj Finance Fixed Deposit. To help investors plan for their future goals, Bajaj Finance even offers a convenient online [...]
ABB India stock rallies over 10 pc post earnings
New Delhi, May 5 (PTI) Shares of ABB India on Thursday zoomed more than 10 per cent after the company posted over two-fold jump in net profit for the March quarter. The stock rallied 10.47 per cent to end at Rs 2,224.70 on the BSE. During the day, it zoomed 11.80 per cent to Rs [...]
Delhi Cabinet approves start-up policy, forms 20-member task force: Kejriwal
New Delhi, May 5 (PTI) The Delhi Cabinet has approved a start-up policy which seeks to provide the youth with financial and procedural help in setting up companies and formed a 20-member task force for the purpose, Chief Minister Arvind Kejriwal said on Thursday. He also said the "Business Blaster" programme, currently being run in [...]
Mahindra ties up with J&K Bank for tractor, farm equipment loans
New Delhi, May 5 (PTI) Mahindra & Mahindra (M&M) on Thursday said it has tied up with Jammu & Kashmir Bank to offer loans for tractors and farm machinery.Farm Equipment Sector (FES), a part of Mahindra Group, has inked an MoU with the lender in this regard.As part of the partnership, J&K Bank will provide [...]
Vodafone Idea Foundation ties up with Ericsson for ‘robotic labs’ in schools
New Delhi, May 5 (PTI) Vodafone Idea Foundation, the CSR arm of telecom operator VIL, has collaborated with Ericsson India to set up 'robotic labs' in ten schools across the country with a view to providing digital learning skills to underserved students. The tie-up is aimed at improving the students’ education and employment prospects across [...]
Dhampur Sugar Mills designate Ashok Kumar Goel as Chairman
New Delhi, May 5 (PTI) Dhampur Sugar Mills Ltd on Thursday said that Ashok Kumar Goel has been designated as its Chairman. "Ashok Kumar Goel, Promoter (Executive) Director of the company has been designated as Chairman of the company with effect from May 4, 2022 consequent upon resignation of Vijay Kumar Goel as Chairman and [...]
Exide Q4 Results: Consolidated net profit jumps 1,135% YoY
Battery manufacturer Exide Industries on Thursday reported a consolidated net profit of Rs 3,953 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 320 crore in the January-March quarter of 2020-21 fiscal. The battery maker completed the sale of its unit -- Exide Life Insurance Company Ltd [...]
Sugar output up 14 pc; may touch record of 35.5 mn tonnes in 2021-22: NFCSF
New Delhi, May 5 (PTI) Sugar production in India has increased by 14 per cent to 34.2 million tonnes (MT) so far in the ongoing 2021-22 marketing year, and is expected to touch a record of 35.5 MT, cooperative body NFCSF said on Thursday. The country's sugar output stood at 31.1 MT in 2020-21, 25.9 [...]
COMMODITY PRICES
COMMODITY PRICES MUMBAI, MAY 5 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 780.00 COPPER HEAVY SCRAPS 770.00 COPPER ARMATURE (CREDIT) 756.00 COPPER UTENSILS SCRAP 698.00 CC ROD 791.00 CC ROD (RECYCLED) 775.00 BRASS :- BRASS SHEET CUTTING 574.00 BRASS UTENSIL SCRAP 528.00 BRASS HONEY 508.00 ALUMINIUM :- ALUMINIUM UTENSIL [...]
Dabur Q4 Results: Consolidated net profit slips 22%, Turnover reaches 10,000cr
Homegrown FMCG major Dabur India on Thursday reported a 21.98 per cent decline in consolidated net profit to Rs 294.34 crore for the fourth quarter ended March 2022, on account of inflationary headwinds and impairment of goodwill in its international business. In terms of turnover, Dabur has now become a Rs 10,000 crore company, a [...]
Bihar emerging as most favoured investment destination: Shahnawaz
New Delhi, May 5 (PTI) Bihar is emerging as the country's most favoured destination for industrialists with Chief Minister Nitish Kumar as its brand ambassador, BJP leader and state Industries Minister Shahnawaz Hussain said on Thursday while announcing an international investors summit of Bihar on May 12. Hussain said big firms such as Hindustan Unilever, [...]
Godrej Properties aims to cross Rs 10,000 cr sales bookings in FY’23: Chairman Pirojsha Godrej
New Delhi, May 5 (PTI) Realty firm Godrej Properties is targeting at least 27 per cent growth in its sales bookings this fiscal year to cross Rs 10,000 crore mark as it plans to launch many projects across major cities to encash on "decisive uptrend" in housing demand, a top company official said.In an interview [...]
Indian Bank, Govt of Haryana sign MoU
Chennai, May 5 (PTI) Public sector Indian Bank has signed a memorandum of understanding with the Government of Haryana to provide smartphones to Lambardars (tax collectors) of the state through E-Rupee coupons, the bank said on Thursday. Indian Bank provides technology-financial services and such facilities would also be extended to other state governments, a bank [...]
Startup Buddy parent firm announces Real Time Accelerator Fund with Rs 100 cr corpus
New Delhi, May 5 (PTI) Gurugram-based Startup Buddy's parent company Real Time Management Consultancy Services on Thursday said that it has launched 'Real-Time Accelerator Fund' with a target corpus of Rs 100 crore. There is also a green shoe option of another Rs 100 crore, according to a statement. Startup Buddy was incorporated in 2015 [...]
Karur Vysya Bank bags top honours in MSME category
Chennai, May 5 (PTI) Private sector Karur Vysya Bank has bagged the Best Micro Small and Medium Enterprises Friendly Bank and the Best Innovative Bank in the runner-up categories, the Tamil Nadu-based bank said on Thursday. Union Minister for Micro, Small and Medium Enterprises Narayan Rane presented the awards to the bank's General Manager, Commercial [...]
Aviation Ministry invites second round of applications from drone industry for PLI scheme
New Delhi, May 5 (PTI) The Civil Aviation Ministry on Thursday invited second round of applications for the production-linked incentive (PLI) scheme that was announced last year to boost drone manufacturing in India. The first round of applications for this scheme were invited on March 10 and its results were announced on April 20, wherein [...]
OILSEEDS PRICES
MAY 5, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1660.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1840.00 Sunflower Exp.Ref. 1900.00 Cottonseed(Refined) 1665.00 Refined Palm Oil 1555.00 Soyabean Ref. 1585.00 Imp.Soyabean Crude - Rapeseed Ref. 1570.00 Rapeseed Exp. 1540.00 Copra white 1530.00 Rice Bran 4-7% FFA - Rice Bran 1480.00 Linseed 1560.00 [...]
AMNS India earnings rise 17 pc to USD 470 million; steel output falls to 1.7 MT
New Delhi, May 5 (PTI) Gujarat-based AMNS India has reported an EBITDA of USD 470 million for March 2022 quarter, registering a growth of 16.62 per cent over the year-ago period, its parent company ArcelorMittal said on Thursday. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortisation. The company had posted an EBITDA of [...]
Delhivery IPO to open on May 11; sets price band at Rs 462-487 per share
New Delhi, May 5 (PTI) Supply chain company Delhivery on Thursday said it has set a price band of Rs 462-487 a share for its Rs 5,235-crore initial public offering (IPO), which will open for subscription on May 11. At the upper end of the price band, the company is valued at Rs 35,284 crore, [...]
Tata Power Solar bags Rs 5,500 cr order from SJVN
New Delhi, May 5 (PTI) Tata Power Solar Systems on Thursday said it has won India’s largest solar engineering procurement and construction (EPC) order for 1 GW project worth Rs 5,500 crore from state-owned SJVN Ltd. According to a company statement, this EPC order has been designed keeping in mind the innovative use of ‘Make [...]
ABB India’s PAT More Than Doubles to INR 370 Crores Year-on-Year in Q1 CY2022
Solid performance in an uncertain environment Bengaluru, Karnataka, India – Business Wire India Q1 2022 HIGHLIGHTS • Strong growth in orders (26%) and revenue (21%) • Emerging sectors & core sector recovery create momentum • Capacity utilization & operation efficiencies yield traction in profit • Published the first Business Responsibility and Sustainability Report (BRSR) 2021 [...]
Mother’s Day Sale – Gift the Best Cycle to Your Mom and Enjoy a Cashback of Rs. 5000 on Bajaj Finserv EMI Store
Shop for the latest cycle for your mother on No Cost EMI and other exciting deals and discounts Pune, Maharashtra, India (NewsVoir) A brand new cycle can be the best gift for your mother if she loves cycling. You can buy the latest bicycle equipped with top-tier specifications and stylish designs from the Bajaj Finserv [...]
Chennai Hospital Makes Ankle Surgery a Day Care Procedure Using the Latest Technology Nanoscope – Arthroscopy System
First of its Kind procedure performed at Rela Hospital for a young man for Ankle Ligament Repair Chennai, Tamil Nadu, India – Business Wire Rela Hospital, a Multi-Speciality Quaternary Care Hospital at Chromepet, Chennai has performed an ankle ligament repair using the latest and most advanced needle arthroscopy system - "The Nanoscope" from Germany. This [...]
Sebi rejigs secondary market advisory panel
New Delhi, May 5 (PTI) Sebi has restructured its committee on secondary market, which provides suggestions to the capital markets regulator on improving market safety, efficiency and transparency. The 18-member advisory committee will now be chaired by G Mahalingam, former whole time member of Sebi, latest information available on the website of the regulator showed. [...]
Morepen Q4 net drops 55 pc to Rs 12 cr
New Delhi, May 5 (PTI) Drug firm Morepen Laboratories on Thursday said its consolidated net profit declined by 55 per cent to Rs 12 crore for the fourth quarter ended March 2022. The company had reported a net profit of Rs 27 crore in the January-March quarter of 2020-21 fiscal. Total income increased to Rs [...]
Adani Power net profit surges to Rs 4,645 crore in March quarter
New Delhi, May 5 (PTI) Adani Power's consolidated net profit jumped to Rs 4,645.47 crore in the March quarter from Rs 13.13 crore in the year-ago period, mainly on the back of higher revenues. Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 [...]
Paytm tokenises 28 million cards; to purge saved card data by Jun 30
New Delhi, May 5 (PTI) Digital financial services firm One97 Communication Limited, which owns the Paytm brand, has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30, the company said on Thursday.The tokenised cards account for 80 per cent of monthly active cards on the [...]
NEWSALERT
Adani Power consolidated net profit jumps to Rs 4,645.47 crore in March quarter from Rs 13.13 crore in the year-ago period. PTI KKS RAM
Nutty Yogi, the Health and Organic Foods Brand Raises Seed Funding from Multiply Ventures
Bangalore, Karnataka, India (NewsVoir) Nutty Yogi, the clean-label health food brand, today announced raising Rs. 50 million in Seed funding led by Multiply Ventures. Nutty Yogi offers a range of over 200+ healthy and organic food products across categories like daily essentials, healthy snacking, condiments, breakfast mixes, and immunity-building products. Pallavi Gupta, Founder of Nutty [...]
Diagright to expand paramedic service to 200 cities; eyes Rs 50 cr biz this fiscal
New Delhi, May 5 (PTI) Health technology startup Diagright is planning to expand its para-medical and sample collection facilities to around 200 cities and more than double its revenue to Rs 50 crore by end of the current fiscal year, a senior official of the company said on Thursday. Diagright co-founder and chief operating officer [...]
India, France commit to tackling climate change stronger than ever: joint statement
Paris, May 5 (PTI) India and France have vowed that they are committed to tackling climate change stronger than ever and discussed a partnership to ensure that environment-friendly technologies could be developed together to address the pressing global challenge.As renewable energy development is one of the key solutions for this transition, India and France reiterated [...]
Crude oil futures gain on spot demand
New Delhi, May 5 (PTI) Crude oil prices on Thursday rose by Rs 4 to Rs 8,229 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 4 or 0.05 per cent at Rs 8,229 per barrel in 6,374 lots. [...]
Former ONGC head Shashi Shanker on Adani Total Gas board
New Delhi, May 5 (PTI) Shashi Shanker, former chairman and managing director of Oil and Natural Gas Corporation, has been appointed as an independent director on the board of Adani Total Gas Ltd (ATGL), the company said in a regulatory filing. Shanker, who superannuated as the head of India's largest oil and gas producer on [...]
Guar seed futures rise on spot demand
New Delhi, May 5 (PTI) Guar seed prices on Thursday rose by Rs 72 to Rs 6,130 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 72 or [...]
Guar gum futures gain on spot demand
New Delhi, May 5 (PTI) Guar gum prices on Thursday gained Rs 116 to Rs 11,875 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 116 or 0.99 per cent at Rs 11,875 [...]
FREED raises USD 2.8 mn in funding round led by Inflection Point Ventures
New Delhi, May 5 (PTI) Consumer debt relief platform FREED has raised USD 2.8 million in a funding round led by Inflection Point Ventures. The round saw participation from Multiply Ventures, Chandigarh Angels Network, Lead Angels, Hyderabad Angels, The Chennai Angels, and a clutch of high networth individuals, according to a statement. The funds will [...]
Cairn’s E-Kaksha initiative wins Smart Education award by FICCI
• FICCI organised the 3rd edition of FICCI Smart Urban Innovation Awards 2022 on 29th April and Cairn emerged as the winner in the 'Smart Education' category for its unique E-Kaksha initiative • The programme to provide free digital education to students from standards 6-12 has benefitted over 87 lakh students from 66,221 government secondary [...]
Tata Motors unveils Ace EV; receives orders for 39,000 units
Homegrown auto major Tata Motors on Thursday unveiled the electric version of its popular mini truck, Ace, as it continues the drive for electrification of its portfolio. The company has also signed pacts with leading e-commerce players such as Amazon, BigBasket, City Link, DOT, Flipkart, LetsTransport, MoEVing and Yelo EV, to supply the Ace EV [...]
TelioEV launches “Green Warrior” Campaign with India’s FIRST human QR code
• EV charging network provider Start-up “TelioEV” aims to plant around 50,000 trees through its ‘Green Warriors Campaign’ New Delhi, May 5, 2022: TelioEV, Electric Vehicles (EV) charging network provider, announced the launch of India’s first human QR Code to make the environment better for our future generations. TelioEV, through its ‘Green Warriors Campaign’, aims [...]
Deepak Nitrite Ltd. Crosses Rs. 6,800 crore in Revenue in FY22; Topline Rises 56% Y-o-Y
Editor's Synopsis: FY2022 (Consolidated): • Revenues at Rs. 6,845 crore, up by 56% Y-o-Y • EBITDA at Rs. 1,646 crore, higher by 30% Y-o-Y • PAT, at Rs. 1,067 crore, rises 37% on a Y-o-Y basis • Board of Directors approve final dividend of Rs. 7 per share (350%) • Debt free on basis of [...]
Upstox takes the lead in overall user base as compared to Zerodha
Stock and mutual fund investment platform Upstox's user base doubled from 5 million, six months ago and has crossed 10 million users, ahead of rival Zerodha's 9 million users. It remains the second-biggest broker in India after Zerodha based on active clients. About half of the users i.e., 5 million are active users, while Zerodha [...]
Venus Remedies dispatches first batch of essential medicines to Ukraine
Chandigarh, May 5 (PTI) Leading research-driven pharmaceutical company Venus Remedies has dispatched the first batch of essential medicines worth USD 30,000 to Ukraine. The company has also launched a social media campaign to motivate people in India and abroad to make voluntary contributions for the noble cause. Venus Remedies employees have responded enthusiastically to the [...]
Elon Musk claims his Neuralink brain chip could ‘cure’ tinnitus in 5 years. But don’t hold your breath
Brisbane (Australia), May 5 (The Conversation) The human brain is said to be the most complex biological structure ever to have existed. And while science doesn't fully understand the brain yet, researchers in the expanding field of neuroscience have been making progress. Neuroscientists have made substantial inroads towards mapping the complex functions of the brain’s [...]
Iranian Artist Khosrow Hassanzadeh’s First Ever Solo Exhibition, Raaz, in India at VHC, Pune
Pune, Maharashtra, India – Business Wire India Vida Heydari Contemporary is pleased to invite all to the opening of the latest solo exhibition, Raaz by Iran’s top artist, Khosrow Hassanzadeh, displaying mixed media drawings at VHC from 5 May to 16 June 2022. In his first ever solo exhibition in India, Hassanzadeh presents a series [...]
DNA Script Partners with Premas Life Sciences Pvt. Ltd., India as Part of Global Expansion to Meet Demand for Same-day Enzymatic DNA Synthesis
New Delhi, Delhi, India (NewsVoir) DNA Script, a world leader in Enzymatic DNA Synthesis (EDS) for DNA on demand, has reached a distribution agreement with Premas Life Sciences Pvt. Ltd., India, a leading biotechnology distribution company. This partnership expands DNA Script’s footprint and provides sales and support for the SYNTAX System DNA printer in labs [...]
MUM BULLION OPENING RATES
MUMBAI, MAY 5 (PTI) MUMBAI BULLION OPENING RATES:- OPENING RATES SILVER SPOT (IN RS PER KILO) : 63660.00 STANDARD GOLD (99.5) : 51413.00 PURE GOLD (99.9) : 51620.00 ------------ PTI MUMSVC SVC
Venus Pipes & Tubes IPO to open on May 11
New Delhi, May 5 (PTI) The initial share-sale of Venus Pipes & Tubes will open for public subscription on May 11. The public issue, comprising sale of 50.74 lakh equity shares of the company, will conclude on May 13. The bidding for anchor investors will open on May 10, according to the red herring prospectus (RHP). [...]
MPL sets up gaming studio in Bengaluru to develop high profile games
New Delhi, May 5 (PTI) Mobile e-sports platform MPL has set-up a gaming studio at Bengaluru -- Mayhem Studios, that will produce high-quality games in a bid to put India on the global gaming map. Mayhem Studios will operate as a subsidiary of Mobile Premier League (MPL) and it will have a team of top-notch [...]
NEWSALERT
Global steel giant ArcelorMittal reports over 80 pc jump in net income to USD 4,125 million in March quarter. PTI ABI ABI ANU ANU
Auto retail sales grow 37% in April on low COVID-hit base effect
Automobile retail sales in India increased by 37 per cent in April on a low base of COVID-hit April last year, automobile dealers' body FADA said on Thursday. Total sales across categories rose to 16,27,975 units in April, as compared to 11,87,771 units in the year-ago period. On a year-on-year basis, all vehicle categories including [...]
ABB India shares jump nearly 10% post earnings
Shares of ABB India on Thursday jumped nearly 10 per cent after the company posted over a two-fold jump in net profit for the March quarter. The stock rallied 9.69 per cent to Rs 2,209 on the BSE. At the NSE, it jumped 9.64 per cent to Rs 2,208.80. ABB India on Wednesday posted over [...]
India, France discuss ways to jointly increase mobility of students, skilled workers
Paris, May 5 (PTI) India and France have discussed ways to jointly increase the mobility of students, professionals and skilled workers while strengthening their efforts to combat irregular migration between the two countries.According to a joint statement issued on Wednesday after Prime Minister Narendra Modi held talks with French President Emmanuel Macron, the two countries [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, MAY 5 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 96000 COPRA OFFICE KOZIZODE 94000 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 13500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1850 T.P ------------ PTI MUM SVC SVC
SBI DIRECT EXCHANGE RATES
MUMBAI, MAY 5 (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 CODE TTBUY TTSEL BILLBUY TTSEL USD/INR 75.40 76.90 75.34 77.06 EUR/INR 79.51 82.29 79.45 82.45 GBP/INR 94.40 97.48 94.33 97.67 JPY/INR 58.03 59.90 57.99 60.02 [...]
Sona Comstar partners with US-based C-Motive Technologies to develop electrostatic drive motors
New Delhi, May 5 (PTI) Auto components major Sona Comstar on Thursday said it has partnered with US-based start-up C-Motive Technologies to develop electrostatic drive motors for electric vehicle applications. The serial production of the electrostatic drive motors is expected to start in 2026, the company said in a statement. Under the partnership, Sona Comstar [...]
MR. JERRY’S – India’s First Ready-to-Serve Cocktail-in-a-Bottle Expands its Reach to New Delhi
New Delhi, Delhi, India (NewsVoir) MR. JERRY'S, India's first ready-to-serve cocktail-in-a-bottle, is expanding its footprints by launching in New Delhi. India's very first commercially available cocktail range is superheaded by four young entrepreneurs, Mrinal Manu, Rincy Varghese, Arijit Bose and Pankaj Balachandran. Launched in December 2020, MR. JERRY’S has in a very short period of [...]
RBI MONEY MARKET OPERATIONS
MUMBAI, May 5 (PTI) Money Market Operations as on April 4, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 450,449.33 3.75 2.01-5.70 I. Call Money 9,960.11 3.67 2.30-4.40 II. Triparty Repo 315,485.00 3.76 3.70-4.40 III. Market Repo 124,929.22 3.72 2.01-3.85 IV. Repo [...]
France backs India’s bid for permanent membership in reformed UNSC, NSG
Paris, May 5 (PTI) France reiterated its commitment to support India’s bid for permanent membership in a reformed UN Security Council and New Delhi's entry into the Nuclear Suppliers’ Group, according to a joint statement issued by the two countries after Prime Minister Narendra Modi held talks with French President Emmanuel Macron.India has been at [...]
Grand View Research, opens new knowledge center in Pune
PUNE, India, May 4, 2022 /PRNewswire/ -- Grand View Research, opens a new knowledge center in Baner, Pune. Spread across 22,000 sq ft, this new office space is a great advent to the post-pandemic world. The space is designed to introduce seamless integration for all functions within the company and focuses on creating an inclusive [...]
Galgotias University becomes First Private University to Conduct Value Added Courses on Non-Violent Communication
Greater Noida, Uttar Pradesh, India (NewsVoir) Galgotias University conducted a valedictory ceremony of 30-hour value added course on Non-Violent communications on 30th April 2022. This course involved a series of lectures on the theme 'Non-Violent Communications' designed and delivered by GSDS, Ministry of Culture, Govt. of India. The lecture series was an outcome of a [...]
PM Modi meets French President Macron; discusses regional and global developments
Paris, May 4 (PTI) Prime Minister Narendra Modi met French President Emmanuel Macron here on Wednesday and discussed issues of bilateral and mutual interests as well as regional and global developments, amid Russia's aggression against Ukraine."Delighted, as always, to meet my friend President @EmmanuelMacron. We talked at length about bilateral as well as global issues. [...]
Copthall Mauritius Investment sells Rs 31 crore worth shares of Indiabulls Real Estate
New Delhi, May 4 (PTI) Investment firm Copthall Mauritius Investment Ltd has sold 37 lakh shares of Indiabulls Real Estate Ltd for Rs 31.08 crore through an open market transaction. According to the bulk deal data available with BSE, BofA Securities Europe SA bought 37 lakh shares of the company at an average price of [...]
Rate actions show RBI’s flexibility, will help markets: SBI chief
Mumbai, May 4 (PTI) The surprise rate hike by RBI accompanied with tightening of the cash reserve ratio illustrates the flexibility with which the central bank operates, and the move will support the markets, SBI chairman Dinesh Khara said on Wednesday. Khara, who heads the country's largest lender which controls over a fifth of the overall [...]
Future Retail MD Rakesh Biyani steps down, Company Secretary resigns
Future Retail Managing Director Rakesh Biyani has stepped down while officials, including the company secretary of the debt-ridden firm, have tendered resignations. The Future Group flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal. There is an exodus of people from the board and at other levels in [...]
TCPL Q4 net zooms over three-fold to Rs 239 cr; sales up 4.5 pc to Rs 3,175 cr
New Delhi, May 4 (PTI) Tata Consumer Products Ltd (TCPL) on Wednesday reported an over three-fold jump in consolidated net profit at Rs 239.05 crore for the fourth quarter ended March 2022, helped by growth in underlying profitability and lower exceptional costs. The company had posted a net profit of Rs 74.35 crore in the [...]
SC appoints panel headed by retd. HC judge for recovery of monies from defaulters: NSEL
New Delhi, May 4 (PTI) The Supreme Court has approved the formation of the Supreme Court Committee headed by Justice (retd) Pradeep Nandrajog for recovery of monies from the defaulters against whom National Spot Exchange Ltd has secured money decrees, a press release from NSEL said.It added that the top court while exercising its plenary [...]
Havells Q4 profit rises 16% to Rs 352.48 cr, sales up 32.5%
New Delhi, May 4 (PTI) Consumer electrical goods maker Havells India Ltd on Wednesday reported a 16.01 per cent increase in its consolidated net profit to Rs 352.48 crore for the fourth quarter ended in March 2022. The company had posted a consolidated net profit of Rs 303.83 crore in the January-March quarter a year ago, Havells [...]
Tata Technologies, industry partners to set up common facility in EV domain
Global engineering and product development digital services firm Tata Technologies along with global industry partners and Lamrin Tech Skills University will set up a common facility in the electric vehicle domain, said a government statement on Wednesday. It will cater to developing skills needed in the field of electric vehicle segment. A delegation of Tata [...]
Google India appoints former Niti Ayog joint secretary as head of public policy
New Delhi, May 4 (PTI) Internet major Google has appointed former joint secretary at Niti Aayog Archana Gulati as head of public policy in India. A Google spokesperson confirmed the appointment. Messages sent to Gulati elicited no immediate reply. Gulati was looking after digital communications policy matters at the government think tank and took voluntary [...]
Kotak Mahindra Bank standalone PAT jumps 65 pc to Rs 2,767 crore
Mumbai, May 4 (PTI) Private sector lender Kotak Mahindra Bank on Wednesday reported a 65 per cent jump in its standalone profit after tax at Rs 2,767 crore in the quarter ended March 2022, helped by higher growth in net interest income and healthy asset quality. The lender had reported a standalone PAT (Profit After [...]
Equitas SFB Q4 net almost flat at Rs 120 cr
New Delhi, May 4 (PTI) Equitas Small Finance Bank (ESAF) on Wednesday reported almost flat growth in its net profit at Rs 120 crore for the quarter ended March 2022. It had posted a net profit of Rs 113 crore in the same quarter a year ago. Total income in Q4 FY22 rose to Rs [...]
Mandaviya asks plastic industry to prepare growth strategy for next 25 years
New Delhi, May 4 (PTI) Chemicals and Fertilisers Minister Mansukh Mandaviya on Wednesday asked the plastic industry to prepare a growth strategy for the next 25 years and assured government's full support. The minister was addressing a function organised by Plastindia Foundation. The foundation announced that 'PLASTINDIA 2023', the 11th edition of international plastics exhibition, [...]
Need to arrest prolific sale of counterfeit products on e-commerce platforms: Delhi HC
New Delhi, May 4 (PTI) The Delhi High Court has expressed its concern over the “prolific” sale of counterfeit and knockoff products on e-commerce platforms and said the practice has to be arrested to protect trademark owners as well as the customers. The observation was made by Justice Prathiba M Singh while dealing with a [...]
Assets under mgmt of ETFs, Index Funds tracking Nifty 50 cross Rs 2 lakh cr in India
New Delhi, May 4 (PTI) The National Stock Exchange on Wednesday said Assets Under Management (AUM) of all the Exchange Traded Funds and Index Funds tracking Nifty 50 Index have crossed Rs 2 lakh crore. Also, it has been a landmark year for the Indian ETFs industry, as it had registered a record fund inflows [...]
Gadkari reviews proposal to revamp logistics activities in Delhi
New Delhi, May 4 (PTI) Transport and highway minister Nitin Gadkari on Wednesday chaired a meeting along with Delhi Lieutenant Governor Anil Baijal to review the proposal of the National Highways Logistics Management Limited to revamp logistics and allied activities in the national capital region. The National Highways Logistics Management Limited (NHLML), a special purpose [...]
PM Modi holds bilateral meetings with counterparts from Nordic countries
Copenhagen, May 4 (PTI) Prime Minister Narendra Modi on Wednesday said the India-Nordic Summit will go a long way in boosting India's ties with the resource-rich region and emphasised that his productive bilateral meetings with his counterparts from Denmark, Norway, Sweden, Iceland and Finland has underlined that together they can achieve and contribute to global [...]
Cigniti Tech Q4, FY’22 net profit down 8.3% to Rs 22.6 cr
New Delhi, May 4 (PTI) IT company Cigniti Technologies on Wednesday reported an 8.3 per cent decline in consolidated profit after tax to Rs 22.6 crore in the quarter ended on March 31, 2022, compared to Rs 24.67 crore in the same period a year ago. Cigniti board approved the acquisition of modern technology IT [...]
Nearly 21.6 mn content pieces ‘actioned’ on Facebook in India during March: Meta report
New Delhi, May 4 (PTI) Meta-owned Facebook 'actioned' about 21.6 million content pieces across 13 violation categories in India during March, according to a monthly report by the social media giant. The content "actioned" belonged to categories including spam, bullying and harassment, child endangerment, dangerous organisations and individuals, violent and graphic content, and adult nudity [...]
TN records 30% jump in gold sales during Akshaya Tritiya compared to 2019: Jewellers’ association
Chennai, May 4 (PTI) Tamil Nadu has witnessed a 30 per cent jump on the sales of jewellery during the Akshaya Tritiya festival as a whopping 18 tonne amount of gold was retailed on that day, backed by strong demand for the precious metal in the state, industry sources said on Wednesday. The trend was [...]
Repo rate hike to put brakes on auto industry growth: FADA
New Delhi, May 4 (PTI) Automobile dealers' body FADA on Wednesday said the increase in repo rate will "apply certain amount of brakes" on the industry's growth, especially the two-wheeler segment which is already reeling under a severe slowdown. Home, auto and other loan EMIs are likely to go up after the Reserve Bank of [...]
EIH Ltd Q4 results: Net profit at Rs 15.85 cr; Arjun Singh Oberoi appointed chairman
EIH Limited, which runs the Oberoi chain of hotels and resorts, on Wednesday reported a consolidated net profit of Rs 15.85 crore for the fourth quarter ended March 2022. The company had posted a loss of Rs 48.83 crore in the corresponding period of the previous fiscal. EIH Limited also announced that its long-serving Chairman [...]
Havells Q4 Results: Consolidated net profit up 16%, sales up 32.5%
Consumer electrical goods maker Havells India Ltd on Wednesday reported a 16.01 per cent increase in its consolidated net profit to Rs 352.48 crore for the fourth quarter ended in March 2022. The company had posted a consolidated net profit of Rs 303.83 crore in the January-March quarter a year ago, Havells said in a [...]
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 67 pc on day 1
New Delhi, May 4 (PTI) LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at 67 per cent. The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. LIC's initial public [...]
Food Min pitches for 5 pc GST on de-oiled rice bran
New Delhi, May 4 (PTI) The Union Food Ministry has suggested imposing a 5 per cent GST on de-oiled rice bran to discourage use of the product for feed purpose, Food Secretary Sudhanshu Pandey said on Wednesday. "We have written to the Finance Ministry to impose 5 per cent GST on de-oiled rice bran," Pandey [...]
Tata Steel to install EAF facilities in north, south and west India
Kolkata, May 4 (PTI) Tata Steel will achieve its target to double its capacity to produce 40 million tonne steel by 2030 and will install its Electric Arc Furnaces (EAF) in north, south and west India that will use scrap as an environmentally friendly step, a top company official said. Electric Arc Furnaces use recycled [...]
RBI taking inflation, inflationary expectations seriously: Uday Kotak
Mumbai, May 4 (PTI) Reserve Bank of India's surprise move to hike repo rate reflects that the central bank is taking inflation and inflationary expectations very 'seriously', veteran Banker Uday Kotak said on Wednesday. He expects a 100 basis points repo rate hike in the current fiscal. The RBI on Wednesday after an unscheduled MPC [...]
Tata Consumer Products Q4 Results: Consolidated net profit rises to Rs 239 cr
Tata Consumer Products Ltd (TCPL) on Wednesday reported an over three-fold jump in consolidated net profit at Rs 239.05 crore for the fourth quarter ended March. The company had posted a net profit of Rs 74.35 crore in the January-March quarter a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in a [...]
‘We have bitten off more than what we can chew,’ Sri Lankan Finance Minister Sabry tells Parliament
Colombo, May 4 (PTI) "We have bitten off more than what we can chew," debt-ridden Sri Lanka's Finance Minister Ali Sabry acknowledged before Parliament on Wednesday while reminding warring political parties that they have a national responsibility to contribute to revive the island nation's collapsed economy.Detailing the perilous state of the economy, Sabry, who has [...]
Meity to train over 85,000 engineers in chip design in next 5 years
New Delhi, May 4 (PTI) The Electronics and IT Ministry aims to train over 85,000 engineers on chip design by expanding the infrastructure available for the technology to 120 academic institutions across the country in the next five years, an official statement said on Wednesday. The electronics and IT ministry had done a pilot deployment [...]
EV Expo 2022 to begin on May 6 in Bengaluru
Bengaluru, May 4 (PTI) Karnataka Electric Vehicles-Manufacturers and Dealers Association (KEVMDA), in collaboration with Key Media, is organising a national-level electric vehicle (EV) exhibition 'EV Expo 2022' here from May 6-8. The expo is set to be held at the Bangalore International Exhibition Centre (BIEC). Over 100 firms manufacturing two-wheelers and four-wheelers, battery companies, spare-parts [...]
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 66 pc on day 1
New Delhi, May 4 (PTI) LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at just 66 per cent. The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. The LIC [...]
Adani Total Gas Ltd Q4 Results: Net profit falls 47.5%
Adani Total Gas Ltd on Wednesday reported a 47.5 per cent drop in its fourth-quarter net profit after it used expensive imported LNG to meet a spurt in demand for CNG and piped cooking gas. The company posted a net profit of Rs 76 crore in January-March compared with Rs 145 crore in the year-ago [...]
ABB India net jumps over 2-fold to Rs 370 cr in March quarter
New Delhi, May 4 (PTI) ABB India on Wednesday posted over two-fold jump in its net profit to Rs 370 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The net profit of the company was Rs 151 crore in the quarter ended on March 31, 2021, [...]
LIC IPO: Policyholders’ portion oversubscribed; overall subscription at 0.66 pc on day 1
New Delhi, May 4 (PTI) LIC's public offer, the country's biggest-ever IPO, saw the policyholders' portion being oversubscribed on the first day itself on Wednesday, though overall subscription stood at just 0.66 per cent. The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. The LIC [...]
ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve Bank
Mumbai, May 4 (PTI) Reserve Bank of India (RBI) has said that all ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering (IPO), the country's biggest ever offer, opened for subscription by retail and institutional investors on Wednesday. The [...]
AIPEF raises questions on advice to import coal amid rail rake shortage
New Delhi, May 4 (PTI) The All India Power Engineers' Federation (AIPEF) on Wednesday questioned the power ministry's suggestion to thermal power plants to import coal for meeting the supply shortage amid troubles faced in moving domestic coal to the generating units. The federation, which has members from power generation, distribution and transmission utilities, also [...]
ASBA-designated bank branches to remain open on Sunday for LIC IPO: Reserve Bank
Mumbai, May 4 (PTI) Reserve Bank of India (RBI) has said that all ASBA-designated bank branches will remain open for public on Sunday to facilitate processing of applications for LIC's initial public offering. State-owned LIC's Initial Public Offering (IPO), the country's biggest ever offer, opened for subscription by retail and institutional investors on Wednesday. The [...]
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