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Stocks to benefit after Modi’s Govt. to invest ₹9 Lakh Cr for power transmission infrastructure
India is in a growth stage and with energy demand picking up, The Union Ministry of Power has come up with the plan to invest around Rs 9.12 lakh crore to improve India's power transmission infrastructure by 2031-32. The National Electricity Plan (Transmission) aims to add 1.91 lakh km of transmission lines and 1274 GVA [...]
Defence stocks with order book of up to ₹75,000 Cr and NPM of 30% to keep in your watchlist
The Indian government Targets to export over Rs. 50,000 Crores worth of defence equipment by 2028-2029 and achieve self-reliance. Investing in defence shares offers financial growth due to its steady demand, government backing, and long-term contractual commitments. Listed below are some of the Defence stocks with Net Profit Margins of upto 30 percent that you [...]
Infra stocks under ₹100 with order book of up to ₹85,000 Cr to keep an eye on
Investing in infrastructure stocks under Rs. 100 presents opportunities for growth, particularly for companies with substantial order books. These stocks often belong to small-cap or mid-cap firms, which can might posses potential. With an order book of up to Rs. 85,000 crore, these companies are well-positioned to capitalize on India's increasing infrastructure development demands, making [...]
Fundamentally strong stock held by Mukul Agrawal and Dolly Khanna to keep in your radar
This PVC Pipe Company is invested by two Ace Investors and recently they have increased their stake. It was demerged from Prakash Industries and has good financial stability in its books. In this article, we will look at Prakash Pipes's businesses, Shareholding patterns, financials, and outlook. Price Movement Prakash Pipes Limited's stock in Friday’s session [...]
KPIT Technologies: Revenue split of KPIT from each of its business segments
KPIT is a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart, and connected future. With 13000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers to accelerate the implementation of next-generation mobility technologies. With development centers in Europe, the USA, Japan, [...]
IT stock hits 5% upper circuit after receiving order from Infosys for software services
This Microcap IT stock which deals in the business of software & hardware development, electronic equipment, consultancy services, and water management system handling hit a 5 percent upper circuit in the day’s trade after the company received an order from Infosys worth Rs. 5.53 crore. Price Action With a market capitalization of Rs. 208 Crores, [...]
FMCG stock jumps 3% after acquiring 100% stake in Dubai based company
India is one of the largest exporters of rice globally, with the sector playing a crucial role in the country's agricultural and economic landscape. Leading companies involved in rice exports include KRBL Ltd., LT Foods, Amira Nature Foods, and Sarveshwar Foods, which process and distribute both basmati and non-basmati rice to international markets. These companies [...]
Midcap stocks which have crossed 20 Day simple moving average with high volumes
In the current market scenario, several mid-cap stocks have crossed their 20-day simple moving average with high trading volumes, indicating potential investment opportunities. This analysis highlights four such stocks: APL Apollo Tubes, BSE Ltd, Page Industries, and Supreme Industries. APL Apollo Tubes Ltd 20-Day Moving Average Rs.1,496 CMP Rs. 1,535 APL Apollo Tubes Ltd is [...]
Waste management stock hits upper circuit receiving work order from Khambhat Municipality
Waste Management stock engaged in providing Waste Management Solutions, Municipal Solid Waste Management services, and many more hit a 2 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 1.47 Crores from Khambhat Municipality. Price Action With a market capitalization of Rs. 221 Crores, the shares of Urban Enviro [...]
Stock under ₹100 hits 20% upper circuit after signing sales agreement with Kronix NDT
Stock under Rs. 100 primarily engaged in the manufacturing of x-ray films and trading into specialty x-ray films and medical equipment hit a 20 percent upper circuit in the day’s trade upon signing distribution agreement for the sale of products used in the Non-Destructive Testing. Price Action With a market capitalization of Rs. 33 Crores, [...]
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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 [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
Apparel exporters’ body seeks quick measures to check raw material price hikes
New Delhi, May 4 (PTI) Apparel exporters' body AEPC on Wednesday urged the government to take immediate measures to contain rising prices of raw materials as the continuous surge has impacted the entire value chain of the industry. The price of cotton yarn, which was around Rs 376 per kilogramme in March, rose to Rs [...]
TMC trade union arm burns PM’s effigy, protests against Centre’s policies on jute
Kolkata, May 4 (PTI) The Indian National Trinamool Trade Union Congress (INTTUC) Wednesday burnt the effigies of Prime Minister Narendra Modi and Union Textiles Minister Piyush Goyal at a rally against Centre's policies on jute here. The agitators submitted a memorandum to the Jute Commissioner Moloy Chandan Chakraborty alleging that the Centre's policies were crippling [...]
Shriram City Union Finance to raise up to Rs 750 crore
New Delhi, May 4 (PTI) Shriram City Union Finance on Wednesday said it is planning to raise up to Rs 750 crore by issuing bonds on a private placement basis. The banking and securities management committee of the company on Wednesday approved the issue of secured, rated, listed, redeemable, principal-protected and market-linked non-convertible debentures for [...]
Coal Ministry to hold investors’ meet on Friday
New Delhi, May 4 (PTI) The coal ministry will hold a high-level Investors' Meet on Friday in a bid to attract investments from the private sector. Coal Minister Pralhad Joshi will launch the event to be held in Mumbai. "Joshi will be launching a high level Investors’ Meet in Mumbai on 6th May, 2022 focussing [...]
CarTrade Tech reports a 28% Y-O-Y Growth in Revenue and Adjusted PAT of Rs. 64 crores for FY 22
MUMBAI, India, May 4, 2022 /PRNewswire/ -- CarTrade Tech Limited, one of India's largest online auto platforms, announced its financial results for the year ended March 31, 2022, today. The Company reported its highest ever quarterly revenue of Rs. 106 crores in Q4 FY22, and an annual revenue of Rs. 359 crores for FY22. Key [...]
UK bans services exports to Russia over Ukraine conflict
The UK government on Wednesday announced a ban on services exports to Russia over the ongoing conflict with Ukraine, cutting Moscow off any business with UK sectors such as management consultancy, accountancy and public relations. UK Foreign Secretary Liz Truss said the latest set of measures will mean Russia’s businesses can no longer benefit from [...]
RBI’s policy rate hike likely to hit housing demand: Realty industry
The Reserve Bank's decision to hike key policy rates will impact the growth of real estate industry and may hit the housing demand, according to industry players. The Reserve Bank of India (RBI) on Wednesday hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation. It also raised [...]
Hiring right talent, upskilling topmost priority for India Inc: Study
Mumbai, May 4 (PTI) Hiring the right talent, upskilling and reskilling of workforce are the top priorities for India Inc this year amidst several challenges such as employee engagement, health concerns and productivity, according to a study. Hiring the right talent at the right cost remains one of the top concerns for 71 per cent [...]
Future Consumer independent director Adhiraj Harish resigns
New Delhi, May 4 (PTI) Future Consumer Ltd on Wednesday said its independent director Adhiraj Harish has resigned from the board of the company. "Adhiraj Harish has resigned from the position of an Independent Director from Board of Directors of the Company with effect from May 3, 2022," the Future Group firm said in a [...]
cKers Finance invests USD 1 Million in Gradiant’s industrial wastewater recycling & re-use project
NEW DELHI, May 4, 2022 /PRNewswire/ -- cKers Finance, an NBFC focused on financing sustainability and clean energy transition in India has announced a USD 1 million debt financing tie-up with Gradiant India Private Limited, a water treatment technology innovator. This facility is used to finance a 4MLD Effluent Treatment Plant setup on a Design-Build-Own-Operate-Maintain [...]
Potential market opportunities open up for India due to geopolitical conditions: RBI
Reserve Bank Governor Shaktikanta Das on Wednesday said recent trade agreements and geopolitical conditions open up potential market opportunities for India. Observing that India's external sector has remained resilient amidst formidable global headwinds, he said provisional data suggest that merchandise exports remained strong in April 2022 and services exports reached a new high in March [...]
EMIs to rise as RBI hikes repo rate by 40 bps; raises CRR by 50 bps
Mumbai, May 4 (PTI) Home, auto and other loan EMIs are likely to increase after the Reserve Bank of India (RBI) hiked its key interest rate by 40 bps in a surprise move on Wednesday in an effort to tame inflation that has remained stubbornly above target in recent months.The increase in repo rate - [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MAY 4 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 62,474.00 62,538.00 STANDARD GOLD (99.5) : 50,796.00 50,851.00 PURE GOLD (99.9) : 51,000.00 51,055.00 -------------------- PTI MUM SSBSSB SSB
Philips accessories launched in India
- TPV introduces the range of Philips Audio, Video, Mobile and Home Power accessories - Partners with Supertron Electronics for national distribution and aims to become the preferred brand choice in the accessories segment NEW DELHI, May 4, 2022 /PRNewswire/ -- TPV Technology recently announced its foray into a new category with the launch of [...]
Lanka’s usable foreign reserves drop to record low, FM hails India’s support at IMF
Colombo, May 4 (PTI) Sri Lanka's Finance Minister Ali Sabry on Wednesday hailed India's assistance during its talks with the IMF to seek a bailout to evade the country's worst economic crisis, as the island nation's usable foreign reserves dropped to less than USD 50 million. Making a speech in Parliament on the IMF negotiations [...]
Celebrities Shined in Statement Platinum Jewellery Designs at the MET Gala
Bold Necklaces and Earrings, Cocktail Rings, and Stackable Bracelets are Popular Trends on the Red Carpet Mumbai, Maharashtra, India (NewsVoir) Hollywood’s most famous names sparkled in unique platinum jewellery designs at the 2022 MET Gala celebrating "In America: An Anthology of Fashion". Platinum, the naturally white setting that truly enhances the brilliance of diamonds and [...]
Sensex plummets 1,300 pts as RBI wrongfoots markets; investors lose Rs 6.27 lakh cr
Mumbai, May 4 (PTI) Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation. The move came just ahead of the Federal Reserve's policy decision, with analysts expecting a similar move by the US central bank as well as [...]
Govt’s wheat purchases set to halve; no plans to curb exports: Food secretary
New Delhi, May 4 (PTI) The Centre's wheat procurement is set to decline by more than half to 19.5 million tonnes in the the current rabi marketing year amid higher exports and likely fall in output, food secretary Sudhanshu Pandey said on Wednesday, and asserted there won't be any concern for meeting the domestic demand [...]
Pfizer sets up Asia’s first global drug development centre in Chennai
Chennai, May 4 (PTI) US pharmaceutical company Pfizer has set up its global drug development centre at the Indian Institute of Technology-Madras Research Park here, at an outlay of over Rs 150 crore. The centre, which employs 250 scientists and technicians, would develop innovative formulations, small molecules and active pharmaceutical ingredients (APIs). According to company, [...]
Pernod Ricard Announces the Appointment of Richa Singh as CFO, Pernod Ricard South Asia and India
Mumbai, Maharashtra, India (NewsVoir) Pernod Ricard India (PRI), a global leader in the wine and spirit industry, today announced the appointment of Richa Singh, as Chief Financial Officer (CFO), Pernod Ricard South Asia and India. Joining the leadership team, Richa Singh will report directly to Thibault Cuny, Managing Director & CEO Pernod Ricard South Asia [...]
Mumbai Educational Trust Presented National Research Conference and Hackathon on Sustainability
Chief Guest: Hon'ble Aaditya Thackeray, Minister of Environment, Tourism and Protocol, Govt. of Maharashtra Mumbai, Maharashtra, India (NewsVoir) MET Institute of Management presented the National Research Conference on ‘Holistic Value Creation through Sustainable Development’ and the Sustainability Hackathon on 30th April 2022. Mumbai Educational Trust (MET), with its campuses in Mumbai and Nashik has always [...]
EMIs will rise as RBI hikes repo rate by 40 bps; raises CRR by 50 bps
Home, auto and other loan EMIs are likely to increase after the Reserve Bank of India (RBI) hiked its key interest rate by 40 bps in a surprise move on Wednesday in an effort to tame inflation that has remained stubbornly above target in recent months. The increase in repo rate - the rate at [...]
Turing Launches Jump Start for Indian Software Developers
Acceleration program designed to help developers seeking remote opportunities with leading silicon valley companies San Francisco | New Delhi, India (NewsVoir) Turing, the inventor of the Intelligent Talent Cloud - an AI-powered platform that connects software developers across the globe with job opportunities at some of the world’s leading companies in Silicon Valley - today [...]
Bombay Dyeing & Manufacturing Co Q4 net loss at Rs 41.74 cr
New Delhi, May 4 (PTI) Bombay Dyeing & Manufacturing Co Ltd on Wednesday said its consolidated net loss has narrowed down to Rs 41.74 crore for the fourth quarter ended March 2022. The company had posted a net loss of Rs 166.74 crore in the January-March period a year ago, Bombay Dyeing & Manufacturing Co [...]
Titan shares tumble over 4 pc post earnings
New Delhi, May 4 (PTI) Shares of Titan Company Ltd tumbled over 4 per cent on Wednesday, a day after the company reported a 7.21 per cent decline in its consolidated net profit in the fourth quarter ended March. The stock declined 4.11 per cent to settle at Rs 2,288.40 on the BSE. During the day, [...]
UPL acquires new naturally-derived fungicide
Mumbai, May 4 (PTI) Agro-chemicals major UPL on Wednesday said it has acquired a naturally-derived fungicide, OptiCHOS, for its natural plant protection (NPP) business unit. The NPP portfolio houses natural and biologically derived agricultural inputs and technologies, UPL said in a BSE filing. The active ingredients of OptiCHOS were developed from the chitin-rich by-products of [...]
Hero MotoCorp shares decline 3 pc post Q4 earnings
New Delhi, May 4 (PTI) Shares of Hero MotoCorp fell by 3 per cent on Wednesday, a day after the company said its consolidated profit after tax declined by 30 per cent in the fourth quarter ended March 2022. The stock went lower by 3 per cent to settle at Rs 2,411.90 on the BSE. [...]
India excludes 1,157 products from ambit of free trade pact with UAE
New Delhi, May 4 (PTI) India has kept out as many as 1,157 products, including TVs, picture tubes, soaps, toys, footwear, instant coffee, sharbat, and petroleum waxes, from the ambit of its free trade agreement with UAE. The pact came into force on May 1. Given the sensitivities of these products for the domestic industry, [...]
Economy faces headwinds from global spillovers: RBI
Mumbai, May 4 (PTI) The RBI on Wednesday cautioned that while the Indian economy appears capable of weathering the deterioration in geopolitical conditions amid the ongoing Russia-Ukraine war, it faces headwinds from global spillovers from geopolitical tensions, elevated commodity prices and moderating external demand.The RBI, however, did not tinker with the GDP growth projection made [...]
PEPPER COPRA CLOSING RATE
Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 9600 COPRA OFFICE KOZIZODE 9400 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 13500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1850 T.P PTI MUMSSB SSB
COMMODITY PRICES
COMMODITY PRICES MUMBAI, MAY 4 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 770.00 COPPER HEAVY SCRAPS 761.00 COPPER ARMATURE (CREDIT) 751.00 COPPER UTENSILS SCRAP 692.00 CC ROD 783.00 CC ROD (RECYCLED) 769.00 BRASS :- BRASS SHEET CUTTING 570.00 BRASS UTENSIL SCRAP 525.00 BRASS HONEY 505.00 ALUMINIUM :- ALUMINIUM UTENSIL [...]
Govt revises wheat production estimate downwards to 105 mn tonnes for 2021-22 crop year
New Delhi, May 4 (PTI) The government has revised downwards the estimate for wheat production by 5.7 per cent to 105 million tonnes in the 2021-22 crop year ending June from the earlier projection of 111.32 million tonnes, as the crop productivity has been affected due to the early onset of summer.Addressing a press conference, [...]
EOW urges people not to download illegal loan apps
Bhubaneswar, May 4 (PTI) The Economic Offence Wing (EOW) of Odisha Police Crime Branch has urged people not to take loans from unregistered or illegal loan apps available on the internet.The agency issued the advisory after freezing Rs 6.57 crore of a company following an investigation into fake loan apps.The EOW had received a series [...]
NEWSALERT
Government sees no case for any control on wheat exports: Food Secretary. PTI LUX BAL
Sundaram Finance to revise interest rates
Chennai, May 4 (PTI) Sundaram Finance would revise its interest rates on deposits for two and three years with effect from May 9, the company said on Wednesday. Accordingly, the interest rates would be 5.90 per cent as against 5.65 per cent on two year deposits and 6.05 per cent as against 5.80 per cent [...]
GOQii launches programme for diabetes care
New Delhi, May 4 (PTI) GOQii, which positions itself as a smart tech-enabled preventive healthcare company focusing on digital therapeutics, on Wednesday launched an integrated programme for diabetes care. The programme packs in a GOQii Smart Vital Plus device, a connected Glucometer -Contour Plus+1 with 10 test strips, doctor consult, 2 HbA1c tests and six [...]
Music Comes a.live
A new platform that reimagines the way listeners experience music Bangalore, Karnataka, India – Business Wire India a.live, a music-for-the-metaverse experience, announced its public alpha launch today. The company pitches itself as the music format for the future, rather than just a metaverse. Abhijit Nath, the company’s founder & CEO (Berklee College of Music graduate [...]
MIT Square Launches Indo-Global Programs to Create a Revolution in Industry-Institution Collaboration
Bengaluru, Karnataka, India (NewsVoir) MIT Square is a tech-enabled company that focusses on the latest technologies such as IoT, AI, Data Science, Blockchain, Cybersecurity to enable youths to build real-world products/solutions making them Industry-ready by connecting with their foreign counterparts. MIT Square is currently working on I5-Framework with the European Universities and Industries to strengthen [...]
OILSEEDS PRICES
MAY 4, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1670.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1830.00 Sunflower Exp.Ref. 1900.00 Cottonseed(Refined) 1670.00 Refined Palm Oil 1560.00 Soyabean Ref. 1580.00 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 1550.00 [...]
Samsung forays into vacuum cleaner segment
New Delhi, May 4 (PTI) Consumer electronics maker Samsung has forayed into the vacuum cleaner segment in India, expanding into the home cleaning solutions business. Samsung has launched a line-up of Jet cordless stick vacuum cleaners that can generate up to 200 watts of suction power and are lightweight and ergonomically designed, said a company [...]
Switching to water-based air-conditioning in Mumbai’s prime office buildings can help save Rs 175 cr/yr: Report
New Delhi, May 4 (PTI) Conversion of air-based centralised cooling systems in prime office buildings in Mumbai to water-based air-conditioning can lead to savings of Rs 175 crore in electricity bills annually, JLL India said on Wednesday. The property consultant said Mumbai's Grade A office space currently stands at 144 million square feet, of which [...]
Gland Pharma launches generic cancer treatment drug in US
New Delhi, May 4 (PTI) Gland Pharma on Wednesday said it has launched cancer treatment drug Bortezomib for Injection in the US market. The company has launched the product in the US market through its partner which received the approval from the US Food & Drug Administration (USFDA), the drug firm said in a statement. [...]
RBI hikes interest rate by 40 bps to 4.40%; borrowing to become expensive
In a move that will raise borrowing costs for corporates and individuals, the RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation that has remained stubbornly above the target of 6 per cent for the last three months. The [...]
Guar seed futures decline amid ample supplies
New Delhi, May 4 (PTI) Guar seed prices on Wednesday declined by Rs 128 to Rs 6,096 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 128 or 2.06 per cent to Rs 6,096 per [...]
Guar gum futures ease on low demand
New Delhi, May 4 (PTI) Guar gum prices on Wednesday fell by Rs 360 to Rs 11,798 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 360 or 2.96 [...]
Mahindra Electric joins hands with Terrago Logistics
New Delhi, May 4 (PTI) Mahindra Electric Mobility on Wednesday said it has tied up with the city-based startup Terrago Logistics. Terrago currently has a fleet of 65 Mahindra Treo Zor cargo vehicles deployed with online grocery major Big Basket in three cities and leading logistics major, Porter. In the coming months, Mahindra Electric will [...]
IBM rolls out ‘STEM for Girls’ programme in Arunachal Pradesh
New Delhi, May 4 (PTI) Tech giant IBM on Wednesday announced an alliance with the Department of School Education of Arunachal Pradesh to introduce 'STEM for Girls' programme in over 130 secondary and higher secondary schools across 15 districts of the state. With the alliance, more than 13,500 students in grades 8-10 will have exposure [...]
Tata Technologies evinces interest in setting up EV production centre in Punjab
Global engineering and product development digital services firm Tata Technologies has shown interest in setting up an electric vehicle production centre in Punjab, a state government release said on Wednesday. A delegation of Tata technologies called on Punjab Chief Minister Bhagwant Mann on Wednesday here at his official residence, said the release. During deliberations, the delegation [...]
Adani Green Energy Q4 Results: Consolidated net profit rises over 16%
Adani Green Energy Ltd (AGEL) on Wednesday posted over 16 per cent rise in its consolidated net profit to Rs 121 crore in the March quarter compared to year ago, mainly on the back of higher revenues. The consolidated net profit of the company was Rs 104 crore in the quarter ended on March 31, [...]
Sensex tumbles over 1,060 points after RBI hikes interest rate
Mumbai, May 4 (PTI) Equity markets fell sharply in late afternoon trade on Wednesday, with the Sensex crashing 1,060.64 points after the Reserve Bank increased the benchmark lending rate to 4.40 per cent in a bid to contain inflation.The 30-share BSE benchmark tumbled 1,060.64 points or 1.86 per cent to 55,915.35 in late afternoon trade. [...]
RBI raises CRR by 50 bps to 4.5 pc from May 21
Mumbai, May 4 (PTI) The Reserve Bank on Wednesday announced a hike in cash reserve ratio (CRR) by 50 basis points to 4.5 per cent, effective May 21, which will take out Rs 87,000 crore liquidity from the system.The decision was announced by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel [...]
NEWSALERT
RBI raises Cash Reserve Ratio (CRR) by 50 basis points to 4.50 per cent effective May 21: Governor. PTI DP NKD ANZ DRR
NEWSALERT
Foreign exchange reserves remain high at over USD 600 billion and debt-to-GDP ratio is low, says Governor. PTI DP ANZ DRR
NEWSALERT
Monetary policy still remains accommodative, careful; calibrated withdrawal of pandemic-related measures to be undertaken: Governor. PTI DP ANZ DP DRR DRR
NEWSALERT
Interest rate hike aimed at strengthening, consolidating medium-term economic growth prospects: RBI Governor. PTI DP ANZ DP DRR DRR
Actions of some people hurting reputation of company: Zilingo co-founder Dhruv Kapoor
New Delhi, May 4 (PTI) Singapore-based fashion technology startup Zilingo co-founder Dhruv Kapoor has told company employees that the firm has no tolerance for any form of harassment and that the actions of some people were hurting its reputation. He said it was troubling to see some people act against the interest of the company [...]
NEWSALERT
Global economic recovery is losing momentum: RBI Governor. PTI DP NKD ANZ DP BAL BAL BAL
NEWSALERT
RBI's MPC decides unanimously to continue with accommodative monetary policy stance. PTI NKD DP ANZ NKD BAL BAL
NEWSALERT
Geopolitical tension pushing inflation, says RBI Governor after Monetary Policy Committee unscheduled rate review meeting. PTI DP ANZ DP BAL BAL BAL
NEWSALERT
Governor says that RBI had announced intention to withdraw accomodative stance. PTI DP ANZ DP BAL BAL BAL
JAIN (Deemed-to-be-University) Triumphs in the Second Edition of Khelo India University Games 2021
Bengaluru, Karnataka, India (NewsVoir) • JAIN (Deemed-to-be-University) bags 32 medals, including 20 Gold, 7 Silver and 5 Bronze • Siva Sridhar of JAIN (Deemed-to-be-University) sets new National Record in Swimming in the Men's 200m Individual Medley • Hon’ble Home Minister Shri. Amit Shah and Hon’ble Union Sports Minister Shri. Anurag Singh Thakur wholeheartedly praised JAIN [...]
LIC IPO subscribed 0.29 times till noon
LIC public offer, the country's biggest-ever IPO, was subscribed 0.29 times till noon by investors on the first day of bidding on Wednesday. Of the total, the policyholder portion was subscribed fully while the reserved employees' portion was subscribed 0.49 times, as per the data on stock exchanges. Qualified Institutional Buyer (QIB) and Non-Institutional Investor [...]
Cisco’s Duo sets up data centre in India
New Delhi, May 4 (PTI) Cloud-based secure access provider Duo on Wednesday announced the launch of its first data centre in India to help customers boost cyber defences and meet data localisation needs.The launch of the data centre in Mumbai is a part of Duo's global expansion strategy, according to a statement.Duo, now part of [...]
Tata Power Renewables commissions 120 MW solar project in Gujarat
New Delhi, May 4 (PTI) Tata Power Renewable Energy has commissioned a 120 MW solar project in Mesanka, Gujarat. Tata Power Renewable Energy Limited (TPREL), a 100 per cent subsidiary of Tata Power, has commissioned the solar project, which will produce 305247 MWh annually for Gujarat Government (GUVNL), a company statement said. In the installation, [...]
Crude oil futures gain on spot demand
New Delhi, May 4 (PTI) Crude oil prices on Wednesday rose by Rs 185 to Rs 8,070 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 185 or 2.35 per cent at Rs 8,070 per barrel in 5,120 lots.Analysts said [...]
Power crisis: Maharashtra, Rajasthan, West Bengal couldn’t build up coal stocks due to pending dues
New Delhi, May 4 (PTI) Huge outstanding dues worth about Rs 7,918 crore of state-run power generating companies have resulted in less dispatch of coal especially to the states with high dues like Maharashtra, Rajasthan and West Bengal, according to an official note. Several parts of the country are grappling with power outages on account [...]
This company beat HUL to become the biggest FMCG company in India
Adani group of companies have been ruling the stock market as all the stocks under the group have been rallying. Recently Adani Wilmar beat Hindustan Unilever Ltd to become the largest FMCG company in India in terms of Revenue. Adani Wilmar Ltd reported total revenue from operations of Rs 54,214 Cr for the FY 2021-22 [...]
Signature Global raises Rs 400 cr from HDFC Capital’s real estate fund
New Delhi, May 4 (PTI) Realty firm Signature Global, which focuses on building affordable housing projects, on Wednesday said it has raised long term capital of Rs 400 crore from HDFC Capital realty fund.The company raised this fund from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital.The funding [...]
Aurobindo Pharma gets USFDA nod to market generic cancer drug
New Delhi, May 4 (PTI) Drug major Aurobindo Pharma on Wednesday said its wholly-owned subsidiary has received approval from the US health regulator to market anti-cancer medication Bortezomib for injection.Eugia Pharma Specialties has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market the product, a generic equivalent of Takeda [...]
Honda drives in City e:HEV tagged at Rs 19.49 lakh
New Delhi, May 4 (PTI) Honda Cars India on Wednesday said it has launched City e:HEV priced at Rs 19.49 lakh (ex-showroom, Delhi), marking its debut in the strong hybrid electric vehicle segment in the country. The City e:HEV is the first car in the mainstream segment equipped with strong hybrid electric technology, the automaker [...]
Kaam.com Partners with the NRAI to Launch India’s First Employment and Skilling Platform for the Hospitality Industry
The next generation tech platform aims to mobilise and create new employment opportunities for India’s diverse talent pool Mumbai, Maharashtra, India – Business Wire India Kaam.com is a tech enabled staffing and employment platform for the hospitality sector that has been co-built with The National Restaurant Association of India ( NRAI ). The platform has [...]
Amazon doubles cumulative export target from India to USD 20 billion by 2025
New Delhi, May 4 (PTI) E-commerce company Amazon expects cumulative exports from its platform in India to reach USD 20 billion by 2025, a senior company official said on Wednesday.In January 2020, the company had set a target to facilitate export worth USD 10 billion by 2025."In January 2020, we had taken a pledge to [...]
Navars Edutech Makes Guinness World Record of ‘Most Viewers of Astronomy Lesson live-stream on YouTube’
Hyderabad, Telangana, India (NewsVoir) Hyderabad-based Astronomy & Space EdTech startup NavarsEdutech makes the Guinness World Record of concurrent viewership of over 1750 students attending Astronomy lesson live stream on YouTube on April 24,2022. Navars live-stream was focused on the “MarsoNian - Worlds first virtual Mars colonization experience” with Space Stem Kit which was attended for [...]
NEWSALERT
European Union leader calls for bloc to ban oil imports from Russia in new set of sanctions targeting Moscow, reports AP. PTI AMS AMS
MUM BULLION OPENING RATES
MUMBAI, MAY 4 (PTI) MUMBAI BULLION OPENING RATES:- OPENING RATES SILVER SPOT (IN RS PER KILO) : 62474.00 STANDARD GOLD (99.5) : 50796.00 PURE GOLD (99.9) : 51000.00 ------------ PTI MUMSVC SVC
Tata Realty leases 1.56 lakh sq ft office space in Gurugram to Johnson Controls, PepsiCo
New Delhi, May 4 (PTI) Tata Realty and Infrastructure Ltd (TRIL) on Wednesday said it has given on lease over 1.56 lakh square feet of office space in its commercial projects at Gurugram in Haryana to Johnson Controls and PepsiCo."In the next 24 months, the leasing will gross an operating income of approximately Rs 27 [...]
NMIMS Mukesh Patel School of Technology Management & Engineering records 100% placement assistance in 2022
MUMBAI, India, May 4, 2022 /PRNewswire/ -- SVKM's NMIMS Mukesh Patel School of Technology Management & Engineering (MPSTME), an institute that provides education for an engineering degree, reported a stellar placement record for the Batch of 2022 with India's leading companies selecting students from the campus directly. MPSTME has been one of the most preferred [...]
Tata Power Renewables commissions 120 MW solar project in Gujarat
New Delhi, May 4 (PTI) Tata Power Renewable Energy has commissioned a 120 MW solar project in Masenka, Gujarat. Tata Power Renewable Energy Limited (TPREL), a 100 per cent subsidiary of Tata Power, has commissioned the solar project, which will produce 305247 MWh annually for Gujarat Government (GUVNL), a company statement said. In the installation, [...]
WAAREE successfully supplies 45MW solar PV modules to KPI global infrastructure
MUMBAI, India, May 4, 2022 /PRNewswire/ -- WAAREE Energies Ltd., one of India's leading solar PV panel manufacturer, has completed the timely supply of poly 45 MW solar modules to KPI Global Infrastructure limited, one of the prominent solar project developers in Gujarat for their IPP and CPP power projects in Bharuch district. WAAREE has [...]
Eveready Industries shareholders approve appointment of Suvamoy Saha as MD
New Delhi, May 4 (PTI) Batteries and flashlights maker Eveready Industries India Ltd on Wednesday said its shareholders have approved the appointment of Suvamoy Saha as its Managing Director for a period of three years.Saha, erswhile Joint Managing Director of the company, was asked to assume the responsibilities as interim Managing Director after the resignations [...]
Increase in death registration in 2020 not entirely due to Covid fatalities: NITI Aayog member VK Paul
New Delhi, May 4 (PTI) The increase in death registration in 2020 compared to 2019 is not entirely due to Covid fatalities, Niti Aayog member VK Paul has said, asserting that "exorbitant" multiples of coronavirus deaths being published by some agencies with respect to India must stop.As an example, Paul, who is also the COVID-19 [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, MAY 4 (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 75.70 77.20 75.64 77.36 EUR/INR 79.03 81.80 78.97 81.96 GBP/INR 93.98 97.01 93.91 97.20 JPY/INR 57.84 59.69 57.79 [...]
Multibagger IT stock giving 2:10 stock split sets record date as 17 May
Information and communication (ICT) solutions provider Black Box Limited has fixed 17 May 2022 as the record date for the purpose of a stock split. Each equity share having a face value of ₹10 will be split/ sub-divided into five fully paid-up equity shares having a face value of Rs.2 each. The Ex-Split date is [...]
MakeMyTrip sees 150% rise in super-luxury, premium hotel bookings during pandemic
New Delhi, May 4 (PTI) Leading online travel services firm MakeMyTrip on Wednesday said it has witnessed a nearly 150 per cent increase in bookings for super-luxury and premium hotels during the pandemic compared to the pre-pandemic period, as more Indian travellers seek elite travel experiences.One in every three Indian travellers searched and booked a [...]
Eris Lifesciences acquires Oaknet Healthcare for Rs 650 cr
New Delhi, May 4 (PTI) Eris Lifesciences on Wednesday said it has acquired Mumbai-based dermatology-focused domestic formulations company Oaknet Healthcare for Rs 650 crore. The acquisition will be completed by way of a share purchase agreement and accordingly Oaknet will become a wholly-owned subsidiary of Eris, the drug firm said in a statement. The deal [...]
Purple Quarter Bolsters Upstox’s Technology Team with Dual Hires; VP of Information Security and Sr. Distinguished Engineer Appointed
BANGALORE, India, May 4, 2022 /PRNewswire/ -- Digital investing and trading platform, Upstox onboarded seasoned technologists Siddharth Patnaik and Sriram Krishnan as the Sr. Distinguished Engineer and VP of Information Security respectively, backed by Purple Quarter's driven efforts. The Bespoke CTO Search firm, in the past, facilitated the appointment of Thippesha Dyamappa as Upstox Chief [...]
Hero MotoCorp shares decline over 2% post Q4 earnings
Shares of Hero MotoCorp fell over 2 per cent in early trade on Wednesday, a day after the company said its consolidated profit after tax (PAT) declined by 30 per cent in the fourth quarter ended March 2022. The stock declined 2.27 per cent to Rs 2,430 on the BSE. At the NSE, it dipped [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, MAY 4 (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
IBM Chairman Arvind Krishna elected to Board of Directors of Federal Reserve Bank of New York
New York, May 4 (PTI) IBM Chairman and Chief Executive Officer Arvind Krishna has been elected to the Board of Directors of the Federal Reserve Bank of New York.The Federal Reserve Bank of New York on Monday announced that 60-year-old Krishna has been elected as a Class B director, "representing the public with due but [...]
‘India’s Most Powerful Wind Leader’ awarded to Mr. Lakshmanan CEO, RENOM Energy Services
PUNE, and KOLHAPUR, India, May 4, 2022 /PRNewswire/ -- Mr. Lakshmanan Subashchandra Bose, CEO, RENOM Energy Services Pvt. Ltd., was recently awarded 'India's Most Powerful Wind Leader' by Wind Insider 2022. The honour was conferred upon RENOM for being India's first and only Independent Service Provider (ISP) to manage wind turbines of all the five [...]
US announces 1.5-year extension for some expiring immigrant work permits
Washington, May 4 (PTI) The Biden administration has announced that certain categories of immigrants, including those seeking green cards and spouses of H-1B visa holders, would be permitted to use their expired work permits for an additional 18 months, offering a reprieve to thousands of Indians working in this country and prevent further disruption for [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, May 4 (PTI) Money Market Operations as on April 2, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 4,55,953.51 3.75 2.00-5.70 I. Call Money 9,524.38 3.65 2.30-3.90 II. Triparty Repo 3,14,234.60 3.76 3.65-3.83 III. Market Repo 1,32,089.53 3.73 2.00-3.90 IV. Repo [...]
Hero MotoCorp Q4 Results: Consolidated profit after tax drops 30%
Hero MotoCorp on Tuesday said its consolidated profit after tax (PAT) declined by 30 per cent to Rs 621 crore for the fourth quarter ended March 2022 on account of lower sales. The country's largest two-wheeler maker had reported a PAT of Rs 885 crore in the January-March quarter of 2020-21 fiscal. Revenue from operations [...]
India had no role in harming earth; at forefront to save it: PM Modi
Copenhagen, May 3 (PTI) India had no role in exploiting the planet, but is at the forefront in the efforts to save it solely backed by efforts made by every person in the country, Prime Minister Narendra Modi said here on Tuesday. Addressing the Indian community here, the Prime Minister spoke extensively about the steps [...]
Ireland regulator reports manufacturing deficiency at Biocon’s Bengaluru plant
New Delhi, May 3 (PTI) Biotechnology major Biocon Biologics on Tuesday said Ireland's health regulator has reported some deficiencies in the manufacturing process at the company's plant in Bengaluru. The Health Products Regulatory Authority (HPRA), Ireland, conducted a GMP (Good Manufacturing Practice) inspection of one of Biocon Biologics' new monoclonal antibody drug substance manufacturing facilities [...]
Plaza Wires files draft papers for IPO
New Delhi, May 3 (PTI) Plaza Wires Ltd has filed initial papers with Sebi to raise funds through an initial public offering. The IPO (Initial Public Offering) will have a fresh issue of 1,64,52,000 equity shares, according to the Draft Red Herring Prospectus (DRHP). The company may consider a pre-IPO placement of equity shares. If [...]
LIC reaches its policyholders via SMS on IPO eve
New Delhi, May 3 (PTI) Ahead of its initial public offering, insurance behemoth LIC on Tuesday approached its policyholders through SMS and other medium to inform them about the share sale. The Initial Public Offering (IPO) of LIC opens for retail and institutional investors on Wednesday and will close on May 9. LIC has fixed [...]
Gold sales rebound on Akshaya Tritiya; jewellers expect 10 pc rise in volume
Mumbai, May 3 (PTI) Gold sales rebounded on Akshaya Tritiya after remaining subdued for past two years due to Covid-19 as a decline in the metal's prices along with public holiday on Tuesday led to heavy footfall at jewellery stores, industry players said. Jewellers witnessed heavy interest among customers to buy gold on this Akshaya [...]
NCL posts 26pc rise in coal production in April
Kolkata, May 3 (PTI) Coal India subsidiary Northern Coalfields Limited (NCL) registered a 26.22 per cent year-on-year production growth and an 18 per cent rise in dispatch in April 2020, helping the parent company achieve a 28 per cent traction in output for the month under review, an official said on Tuesday.The NCL extracted 10.81 [...]
Three labourers die in blast at Zuari Agro Chemicals factory in Goa
Panaji, May 3 (PTI) Three labourers died in a blast in an under-maintenance ammonia tank at a plant of Zuari Agro Chemicals Ltd (ZACL) in Vasco town in south Goa on Tuesday, a state cabinet minister said.Goa Factories and Boilers Minister Nilkant Halarnkar said the blast in the Zuari Agro Chemicals factory occurred in the [...]
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