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Stock hits upper circuit after FIIs sold stake in the company
This Microcap Agri stock which deals in the business of Commercial Agriculture. They deal in trading, exporting, and importing agricultural products hit a 2 percent upper circuit in the day’s trade after Eubilia Capital Partners and Radiant Global Fund sold stake collectively 2.9% at Rs. 79.67 per share. Price Action With a market capitalization of [...]
Penny stock jumps after receiving order for Electric Kapoor Dani
The aroma burner, scented candle, and incense stick industry in India has seen significant growth, driven by increasing demand for home fragrances, wellness products, and a rising interest in mindfulness practices. Companies like ITC (with its brand "Mangaldeep"), Emami Agrotech, and Dhoop have been key players in the incense stick market, while brands like Bombay [...]
Stock under ₹10 jumps 3% after it acquires stake in Mangopaw Technologies
Stock engaged in the trading of precious metals, stones, and jewelry along with a range of precious stone varieties to its clients, retailers, and wholesalers jumped 3 percent in the day’s trade following the acquisition of a majority stake in Petmojo. Price Action With a market capitalization of Rs. 220 Crores, the shares of Starlineps [...]
Microcap stocks hits 5% upper circuit after receiving order from Web Werks
This Microcap IT stock which deals in environmental IT solutions through software applications and compliance solutions hit a 5 percent upper circuit in the day’s trade after the company received an order from Web Werks (India) worth Rs. 1.17 crore. Price Action With a market capitalization of Rs. 194 Crores, the shares of Techknowgreen Solutions [...]
Stock jumps 4% after company’s board approves 10:1 rights issue
Small financing companies in India have become crucial to the financial ecosystem, offering microloans and credit services to underserved populations, including small businesses and rural customers. These companies focus on providing financial inclusion, supporting sectors like agriculture, retail, and micro-enterprises. Notable players in this sector include Bajaj Finance, Muthoot Finance, and Shriram City Union Finance, [...]
Dixon Technologies: Revenue split of Dixon Technologies from each of its business segment
This EMS company, which is a manufacturer of company with operations in electronics products has a diversified range of business which is aligned with India’s focus on the “Make in India” initiative. With the use of Production-linked Incentives and other policies, Dixon Technologies possesses more opportunities for long-term investors. In this article, we will look [...]
Stocks to benefit after Modi’s Govt. to invest ₹42,245 Cr to support electronics production
India is set to introduce incentives worth up to US$ 5 billion or Rs. 42,245 Crores to encourage local electronics firms to manufacture components for devices such as smartphones and laptops. It aligns with the Country’s “Make in India” initiative aiming to reduce the country's reliance on Chinese imports and strengthen domestic supply chains within [...]
Stocks to buy in this market crash for an upside of up to 55%
Amid the ongoing market sell-off, JM Financial and ICICI Securities have identified several stocks that present attractive investment opportunities. These recommendations cover a diverse range of sectors, including power generation, oil and gas, pharmaceuticals, and banking, showcasing the analysts' insights into the market. JM Financial has recommended these 2 stock BHEL (Bharat Heavy Electricals Limited) [...]
Railway stock hits 5% upper circuit after receiving work order from Indian Railways
Railway stock engaged in manufacturing, buying, and selling of all types of Recron, Seat & Berth, Compreg Boards, and many more to Indian Railways and many others hits a 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 2.16 Crores from Indian Railways. Price Action With a market [...]
EV stock jumps 4% after receiving order worth ₹30 Cr from UREDA for rooftop solar plant
EV stock engaged in the business of providing end-to-end solutions for the manufacturing, procurement, and distribution of advanced EV Chargers, solar systems, and many more jumped upto 4 percent upon receiving work order worth Rs. 30.2 Crores from UREDA to set up rooftop solar power plant. Price Action With a market capitalization of Rs. 4,064 [...]
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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
Prudent Corporate Advisory Services IPO to open on May 10
New Delhi, May 3 (PTI) The initial public offer of Prudent Corporate Advisory Services Ltd, a retail wealth management firm, will open on May 10. The IPO, which is entirely an Offer for Sale (OFS) of 85,49,340 equity shares, will close on May 12. The bidding date for anchor investors will be May 9, according [...]
Oberoi group’s EIH Associated Hotels chairman resigns
New Delhi, May 3 (PTI) EIH Associated Hotels Ltd, a part of the Oberoi group, on Tuesday said its long-serving chairman and director Prithivraj Singh Oberoi resigned with effect from May 2, 2022 due to deteriorating health condition. Subsequently, the board of directors at a meeting held on Monday appointed Shib Sanker Mukherji, who was [...]
Inclusiveness, cultural diversity power of Indian community: PM Modi in Denmark
Copenhagen, May 3 (PTI) Prime Minister Narendra Modi on Tuesday said it is the "inclusiveness and cultural diversity" that powers the Indian community to feel alive in every moment and these values have developed within Indians for thousands of years. Addressing the Indian community settled in Denmark during his visit to the Nordic nation, Modi [...]
NEWSALERT
India becoming a trusted and reliable partner in global supply chain: PM Modi. PTI JTR BJ KR CPS
NEWSALERT
India was hardly counted in start-up ecosystem; it now ranks third in the world: PM Modi to Indian community in Denmark. PTI JTR BJ KR CPS
Modi invokes ‘FOMO’ to woo Danish firms
Copenhagen, May 3 (PTI) Invoking popular social media expression FOMO (fear of missing out) during his Denmark visit, Prime Minister Narendra Modi on Tuesday said those not investing in India will certainly miss out. Addressing the India-Denmark Business Forum, Modi said ongoing economic reforms have created investment opportunities in various sectors like green technology, cold [...]
NEWSALERT
India was among most backward countries in per capita data consumption 5-6 years back, things have changed now: PM Modi. PTI SKU JTR BJ CPS
Traceable AI raises USD 60 million from Institutional Venture Partners, others
New Delhi, May 3 (PTI) IT security startup Traceable AI on Tuesday said it raised USD 60 million, about Rs 460 crore, in a funding round led by Institutional Venture Partners. This new funding values Traceable AI at more than USD 450 million, the company said in a statement. Tiger Global Management and existing investors [...]
Tata Steel to complete NINL acquisition in current quarter: CEO
New Delhi, May 3 (PTI) Tata Steel will complete the acquisition of Neelachal Ispat Nigam Limited (NINL) by the end of the current quarter, its CEO and MD T V Narendran said on Tuesday. The acquisition of NINL is critical for Tata Steel to build a dedicated long products complex. On January 31, Tata Steel [...]
Power minister invites German energy firms to invest in India
New Delhi, May 3 (PTI) Union power minister R K Singh on Tuesday urged German energy firms to invest in India as the country has emerged as the most attractive destination for investment in renewable energy sector. "Union Minister for Power and New & Renewable Energy R K Singh held a virtual round-table meeting today [...]
Modi invokes ‘FOMO’ to woo Danish firms
Copenhagen, May 3 (PTI) Invoking popular social media expression FOMO (fear of missing out) during his Denmark visit, Prime Minister Narendra Modi on Tuesday said those not investing in India will certainly miss out. Addressing the India-Denmark Business Forum, Modi said ongoing economic reforms have created investment opportunities in various sectors like green technology, cold [...]
Adani Enterprises Q4 Net Profit drops marginally by 2% to Rs 326 cr
Adani Enterprises Ltd (AEL) on Tuesday reported a marginal 2 per cent decline in consolidated profit after tax (PAT) to Rs 325.76 crore for the quarter ended on March 31, 2022, on the back of higher expenses. The company had posted a consolidated PAT of Rs 332.53 crore in the year-ago period, Adani Enterprises said [...]
India, Denmark to further strengthen Green Strategic Partnership
Copenhagen, May 3 (PTI) India and Denmark on Tuesday agreed to further strengthen the Green Strategic Partnership with a focus on green hydrogen, renewable energy and wastewater management. “During our discussions, we reviewed the joint work plan for the green strategic partnership. I am happy that significant progress has been made in various fields, especially [...]
AC sales hit record high of 17.5 lakh units in April; to touch 90 lakh in 2022: CEAMA
New Delhi, May 3 (PTI) Driven by the early arrival of summer and intense heat wave, residential air conditioner makers are looking forward to a record sales of around 90 lakh units this year, said Consumer Electronics and Appliances Manufacturers Association on Tuesday. Already, in April the industry has clocked the sale of around 17.5 [...]
Tata Steel Q4 net jumps 37% to Rs 9,835 cr
Tata Steel on Tuesday posted a 37 per cent jump in consolidated net profit at Rs 9,835.12 crore for the quarter ended March 2022, mainly on account of higher income. The steel major had reported a net profit of Rs 7,161.91 crore in the year-ago quarter, it said in a BSE filing. During January-March 2022, [...]
NEWSALERT
Tata Steel reports Rs 9,835 cr net profit in Q4, up 37 pc from Rs 7,162 cr a year ago. PTI ABI ABI ABM ABM
Modi invokes FOMO, says those not investing in India will miss out
Copenhagen, May 3 (PTI) Invoking popular social media expression FOMO (fear of missing out) during his Denmark visit, Prime Minister Narendra Modi on Tuesday said those not investing in India will certainly miss out. Addressing the India-Denmark Business Forum, Modi said ongoing economic reforms have created investment opportunities in various sectors like green technology, cold [...]
Adani Transmission gets nod for Rs 3,850 cr investment by Green Transmission Investment Holding RSC
New Delhi, May 3 (PTI) Adani Transmission Ltd on Tuesday said it received shareholders' approval for issuance of 1.56 crore shares worth around Rs 3,850 crore on a preferential basis to Green Transmission Investment Holding RSC Ltd. At present, IHC Capital Holding LLC is the principal shareholder of Green Transmission Investment Holding RSC Ltd. At [...]
PM Modi holds talks with his Danish counterpart Mette Frederiksen in Copenhagen
Copenhagen, May 3 (PTI) Prime Minister Narendra Modi on Tuesday met his Danish counterpart Mette Frederiksen here and the two leaders reviewed progress of the India-Denmark Green Strategic Partnership and also exchanged views on regional and global issues. As a special gesture, Frederiksen received Modi at the airport. He arrived here from Germany. Modi was [...]
High inflation, Ukraine crisis boost jewellery sales on Akshaya Tritiya
Kolkata, May 3 (PTI) Jewellers of Kolkata are happy on the auspicious day of Akshaya Tritiya to witness a footfall jump of 30-40 per cent compared to normal days as soaring inflation, the Ukraine crisis, besides religious sentiments, influenced people to purchase gold and bullion as assets. Shops this year ordered calendars and sweetmeats for [...]
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 afternoon, company sources said.Chief Minister Pramod Sawant tweeted “It is very unfortunate to hear about the tragic death of three labourers in a [...]
Modi invites Danish cos, pension funds to invest in India infra sector
Copenhagen, May 3 (PTI) Prime Minister Narendra Modi on Tuesday invited Danish companies and pension funds to invest in India's infrastructure sector and green industries. Addressing media after his talks with Danish counterpart Mette Frederiksen, Modi said that over 200 Danish companies are already present in India and benefiting from the 'ease of doing business' [...]
JSW Energy profit jumps eight-fold to Rs 864 cr in March quarter
New Delhi, May 3 (PTI) JSW Energy on Tuesday posted an over eight-fold jump in consolidated net profit to an all-time high of Rs 864 crore in the quarter ended March, mainly on the back of higher revenues. The company had posted a consolidated net profit of Rs 107 crore in the year-ago period, it [...]
Modi calls for immediate ceasefire in Ukraine
Copenhagen, May 3 (PTI) Prime Minister Narendra Modi on Tuesday appealed for an immediate ceasefire in Ukraine and return to the path of dialogue and diplomacy to resolve the crisis, even as his Danish counterpart Mette Frederiksen hoped that India will use its influence over Russia to end the war. The two leaders discussed the [...]
Network18 Media’s net profit up 2 pc at Rs 210 crore, revenue rises 14.6 pc to Rs 1,621 crore
New Delhi, May 3 (PTI) Network18 Media & Investments Ltd on Tuesday reported a 2 per cent increase in its consolidated net profit at Rs 209.93 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 205.80 crore during the same quarter a year ago, Network18 Media & [...]
Affordable housing finance cos loan book to grow 17-20 pc in FY23: Study
Mumbai, May 3 (PTI) Affordable housing finance companies' (AHFCs) loan book is likely to expand by 17-20 per cent in the current financial year, supported by the government's higher focus on housing and a favourable tax regime, says a report. As on December 31, 2021, the total loan book of AHFCs stood at Rs 66,221 [...]
Covovax now available for children in India: Adar Poonawalla
New Delhi, May 3 (PTI) Serum Institute of India's coronavirus vaccine Covovax is now available for children across the country, company CEO Adar Poonawalla said on Tuesday. In a post on Twitter, he said Covovax, which has been developed by Novavax, "is now available for children in India". He further said, "This is the only [...]
AGEL gets shareholders’ nod for Rs 3,850 cr investment by Green Energy Investment Holding RSC
New Delhi, May 3 (PTI) Adani Green Energy Ltd (AGEL) has received the approval of shareholders for the issuance of over two crore shares worth around Rs 3,850 crore on a preferential basis to Green Energy Investment Holding RSC Ltd. The current principal shareholder of Green Energy Investment Holding RSC Ltd is IHC Capital Holding [...]
Experts sceptical about CMIE’s unemployment data
Kolkata, May 3 (PTI) Economists on Tuesday are not convinced about the latest monthly unemployment data released by the Centre for Monitoring India Economy (CMIE), particularly about the statistics of the rural areas.They asserted that it is difficult to get the real picture of unemployment from the methodology used by the CMIE to get the [...]
Lanka govt to provide cash to low income families hit by economic crisis
Colombo, May 3 (PTI) The Sri Lankan government on Tuesday announced that it will provide cash allowances ranging between Rs 3,000 and Rs 7,500 to low income families "severely affected" by the current economic crisis in the country. The decision was taken in a Cabinet meeting held on Monday. World Bank assistance would be used [...]
Rajendra Sheshadri Iyer resigns as director of GE T&D India
New Delhi, May 3 (PTI) GE T&D India on Tuesday said its director Rajendra Sheshadri Iyer has resigned from its board with effect from May 2, 2022. "Rajendra Sheshadri Iyer, Director of the Company has resigned from the Board of Directors of the Company w.e.f. May 2, 2022, since he has given notice of his [...]
SIA urges India to align with Europe, 120 nations on spectrum allocation
New Delhi, May 3 (PTI) Expressing concerns over telecom regulator Trai's recommendations on spectrum auction, satellite communications industry body SIA has written to the government urging it to align the radiowaves allocation policy with Europe and over 120 countries. Satcom Industry Association (SIA), in a letter to Telecom Minister Ashwani Vaishnaw, expressed serious concerns on [...]
Toplyne raises Rs 115 crore from Tiger Global, Sequoia Capital and others
New Delhi, May 3 (PTI) Software-as-a-service startup Toplyne on Tuesday said it raised USD 15 million (about Rs 115 crore) in a funding round led by Tiger Global and Sequoia Capital India. Existing investors Together Fund, Sequoia India's Surge and angel investors from Canva, Vercel and Zoominfo also participated in the funding round. The company [...]
Proud day for Kerala’s startup ecosystem: CM Vijayan on ‘Open’ becoming India’s 100th unicorn
Thiruvananthapuram, May 3 (PTI) After Kerala-based fintech firm 'Open Financial Technologies' became India's 100th unicorn, Chief Minister Pinarayi Vijayan said it was a proud day for the state's startup ecosystem. The startup, which is supported by the state government's Kerala Startup Mission (KSUM), has raised USD 50 million from Mumbai-headquartered IIFL Finance in its Series [...]
BHADRA Group Launches BHADRA LANDMARK – Haudin Road in Bengaluru
Bengaluru, Karnataka, India – Business Wire India A fully integrated real estate company, BHADRA Group has launched its iconic boutique luxury project ‘BHADRA LANDMARK – Haudin Road’. Located in the middle of the beautiful Bengaluru’s Central Business District (CBD) area, the project is exemplary in many ways. Speaking on the launch, Mr. SARVESHAA SB, Managing [...]
NEWSALERT
We emphasised on ensuring a free, open, inclusive and rules-based Indo-Pacific region: PM Modi after talks with Danish counterpart. PTI SKU/KR CPS
NEWSALERT
We hope negotiations for India-EU free trade agreement are concluded at the earliest: PM Modi after talks with Danish counterpart. PTI SKU/KR CPS
NEWSALERT
We appeal for immediate ceasefire in Ukraine, and to follow path of dialogue, diplomacy to resolve crisis: PM Modi. PTI SKU CPS
SBI Card CFO Nalin Negi resigns
New Delhi, May 3 (PTI) SBI Cards and Payment Services (SBI Card) on Tuesday said its chief financial officer (CFO) Nalin Negi has resigned from his post. His last working day with the company will be July 31, 2022, SBI Card said in a regulatory filing. Earlier last week, the pure-play credit card issuer posted [...]
Advertising push to help print media revenue grow 25 pc in FY23 but profits to be hit by higher newsprint prices: Report
Mumbai, May 3 (PTI) A jump in advertising could lead to an increase of up to 25 per cent in print media revenues in FY23, but pressure from higher newsprint costs because of Russia's Ukraine invasion will dent profitability, a report said on Tuesday. The operating profit margins for print media players can narrow by [...]
Cumin prices set to touch 5-year high as production shrinks by a 3rd: Report
Mumbai, May 3 (PTI) Cumin prices are likely to soar by up to 30-35 per cent to touch a five-year high of Rs 165-170 per kg in the 2021-2022 crop season following a decline in production, low acreage and damage to the crop due to excess rainfall, according to a report. Cumin appears set to [...]
USAID’s MOMENTUM Routine Immunization Project Accelerates Effort to Expand COVID-19 Vaccination Coverage for 12-14 Age Group
New Delhi, Delhi, India – Business Wire India Recently the United States Agency for International Development (USAID), through its MOMENTUM Routine Immunization Transformation and Equity project, organized a collaborative virtual event “Expanding Coverage of COVID-19 vaccination for 12-14 year olds,” bringing together key stakeholders to discuss current COVID-19 vaccination progress for young adolescents and the [...]
Aurobindo Pharma gets USFDA nod for generic cancer drug Bortezomib
New Delhi, May 3 (PTI) Aurobindo Pharma on Tuesday said its wholly-owned arm Eugia Pharma Specialties Ltd has received final approval from the US health regulator to manufacture and market its generic version of Bortezomib for injection used to treat certain types of cancer. The approval by the US Food and Drug Administration (USFDA) is [...]
Graymatics mulls raising at least USD 20 million by 2022-end; to scale up biz growth
New Delhi, May 3 (PTI) CCTV-based video analytics solutions company Graymatics is considering raising at least USD 20 million (around Rs 153 crore) by the end of 2022, as it looks to scale up business growth by tapping into global opportunities in smart city projects and transportation, retail and other key verticals. The Singapore-based cognitive [...]
MRAI’s premier event to highlight the importance of recycling
9th Indian Material Recycling Conference (IMRC) of Material Recycling Association of India (MRAI), which is one of the foremost events in the recycling industry, is all set to take place at Leela Ambience Convention Hotel, Shahdara, Delhi between May 5-7, 2022. The conference is meticulously planned to focus on various topics and sessions such as [...]
BSE smallcap, midcap indices skid up to 4 pc this year so far; Sensex down 2 pc
New Delhi, May 3 (PTI) The BSE smallcap and midcap indices have underperformed the benchmark gauge so far this year, falling up to 4 per cent, with experts saying a hawkish US Fed and soaring inflation may lead to more market volatility in the near term. Domestic equity markets have faced many headwinds in recent [...]
Odisha collects highest-ever state GST in April
Bhubaneswar, May 3 (PTI) Odisha has recorded the highest-ever state GST collection of Rs 1,714.78 crore in April this year, registering a 52.20 per cent growth over the year-ago month, a senior official said on Tuesday.The state GST (SGST) mop-up was Rs 1,126.67 crore in the corresponding month last year.The collection of goods and services [...]
Godrej Properties FY22 profit at Rs 352 Cr; sales bookings up 17%
Realty firm Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended in March while its sales bookings grew by 23 per cent to Rs 3,248 crore on improved housing demand despite the second wave of the COVID-pandemic. The company had posted a net loss of Rs 191.57 [...]
Mahagram launches GramSevak.com to provide doorstep financial services
New Delhi, May 3 (PTI) Mahagram, a fintech company, has launched citizen service delivery portal GramSevak.com to provide doorstep financial services to the masses. Citizens in rural and urban areas can use the platform to access e-governance, banking, and insurance services with the support of their local Gram Sevak representatives. The company said it expects [...]
NEWSALERT
India's exports in April grow by 24.22 pc to USD 38.19 billion: Govt data. PTI RR ANU ANU
Eris Lifesciences Q4 net rises 17 pc to Rs 79.97 cr
New Delhi, May 3 (PTI) Eris Lifesciences Ltd on Tuesday reported a 17 per cent increase in consolidated net profit at Rs 79.97 crore for the fourth quarter ended March 2022. The company had posted a consolidated net profit of Rs 68.24 crore in the same quarter a year ago, Eris Lifesciences said in a [...]
Godrej Properties’ Q4 profit at Rs 260 cr ; income nearly triples to Rs 1,523 cr
New Delhi, May 3 (PTI) Godrej Properties on Tuesday reported a consolidated net profit of Rs 260.47 crore for the quarter ended March 2022 on higher income. The company had posted a net loss of Rs 191.57 crore in the year-ago period. Total income increased to Rs 1,522.57 crore during January-March quarter of the last [...]
Jeep India opens bookings for SUV Meridian
New Delhi, May 3 (PTI) Jeep India, a part of automotive group Stellantis, on Tuesday announced the opening of bookings for its upcoming SUV Meridian, the production of which has also commenced from its joint venture manufacturing facility at Ranjangaon, Maharashtra. Customers can book the Meridian either at Jeep India dealership network or through the [...]
Zydus Lifesciences gets USFDA’s nod to market generic version of Bortezomib
New Delhi, May 3 (PTI) Zydus Lifesciences Ltd on Tuesday said it has received the final approval from the US health regulator to market its generic version of Bortezomib for injection used to treat certain types of cancer. The approval by the US Food and Drug Administration (USFDA) is for single-dose vial of Bortezomib for [...]
Adani Wilmar buys several brands, including ‘Kohinoor’ to strengthen food biz
Adani Wilmar Ltd (AWL) on Tuesday announced the acquisition of several brands, including the renowned 'Kohinoor' brand from McCormick Switzerland GMBH to strengthen its leadership in food business. The deal size was not disclosed. The acquisition would give AWL exclusive rights over the brand 'Kohinoor' basmati rice along with 'Ready to Cook', 'Ready to Eat' [...]
Akshaya Tritiya begins on positive note; Jewellers expect biz of up to 30 Tonnes
The auspicious day of Akshaya Tritiya has begun on a strong note as jewellers are witnessing good footfalls and being a public holiday on Tuesday, consumers are flocking to the stores early before the temperature soars. "Jewellers across the country have opened their stores early across the country and there is a strong momentum in [...]
Heropanti 2 Stars Tiger Shroff and Nawazuddin Siddiqui, Eid Sees an Increase in Box Office Collections
Mumbai, Maharashtra, India (NewsVoir) "Heropanti 2" is a standalone sequel of Sajid Nadiadwala’s "Heropanti", starring Tiger Shroff, and Nawazuddin Siddiqui. The film's box office took a 40% jump on Sunday. With the Eid holiday fast approaching, we all know how crucial Sunday evening collections are to any movie. These collections show an increase in viewer [...]
LIC raises Rs 5,627 cr from anchor investors led by domestic institutions
Insurance behemoth LIC on Tuesday said it has garnered a little over Rs 5,627 crore from anchor investors led primarily by domestic institutions ahead of its mega initial public offering (IPO). Anchor Investors' (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to [...]
Philippines safe and ideal place to travel amid pandemic: Official
Manila, May 3 (PTI) The Philippines Tourism Secretary Bernadette Romulo-Puyat has said the Southeast Asian country, comprising 7,641 islands in the western Pacific Ocean, is now a safe and ideal global tourist destination amid the pandemic.In the nearly two years when international travel was put on hold, the Philippines was busy preparing for the day [...]
Pocket HRMS Partners with Repute for Instant Talent Onboarding and Background Verification
Mumbai, Maharashtra, India – Business Wire India Pocket HRMS, an established innovator in the HRMS ecosystem, announced today their partnership with Repute to increase efficiency in their clients' HR processes. Repute is a unique first-of-its-kind blockchain-based network for instant talent onboarding and background verification. Pocket HRMS has joined a network of allies who will use [...]
Financial markets to remain closed on Tuesday
Domestic financial markets, including stock exchanges and forex market, will remain closed on Tuesday for Eid, Id-Ul-Fitr (Ramzan Id). There's no more market closure this month. After Eid, Indian stock markets will close on Muharram, August 09, 2022.
MachineDoctor™ honoured as the ‘Product of the Year’ by Plant Engineering
BENGALURU, India, May 3, 2022 /PRNewswire/ -- Nanoprecise Sci Corp, an automated AI-based predictive maintenance solution provider, has announced that their Industrial IoT hardware - MachineDoctorTM has won the Gold Award in the Asset Management Category of Plant Engineering Magazine's prestigious Product of the Year program, 2021. This recognition is awarded to the product that [...]
Smart Interviewing Platform BarRaiser secures $4.2M in Seed Funding Round
Funding round will support geographic expansion and help grow engineering and data science teams BANGALORE, India, May 3, 2022 /PRNewswire/ -- BarRaiser, a groundbreaking AI-powered smart interviewing platform, today announced that it has raised $4.2 M in seed financing. The seed funding round was led by 021 Capital and Global Founders Capital, with participation from [...]
Indian Travellers Prefer Hygiene and Safety as Top Priority: IntrCity Survey
New Delhi, Delhi, India (NewsVoir) • 2/3rd of surveyed travellers prioritise travelling with an on-board washroom facility, while 60 percent like to travel with GPS tracking enabled buses • Indian travellers prefer SmartBuses and willing to pay more for their additional services • Female travellers prefer safety, while men prefer punctuality when choosing the mode [...]
Sonalika Clocks Staggering 43.5 percent Domestic Growth to Register Highest Ever April Domestic Sales of 10,217 Tractors and Beats Industry Growth (est. 41 percent)
New Delhi, Delhi, India (NewsVoir) • After achieving new peaks in FY’22, Sonalika Tractors has carried forward the strong momentum and initiated its FY’23 journey with a sturdy performance. • The company has registered its highest ever April month overall sales of 12,328 tractors, powered by best ever April’s domestic performance of whopping 43.5% growth [...]
Jagran Lakecity University Celebrates its 9th Foundation Day with a Grand Celebratory Evening
The day marks the beginning of its 10th year of remarkable journey Bhopal, Madhya Pradesh, India (NewsVoir) Jagran Lakecity University celebrated its 9th founding anniversary with a graceful evening function that included JLU Annual Awards and a musical extravaganza mounted by students. The day also marked Jagran Lakecity University’s stepping into its 10th year of [...]
Roshan Shetty joins Sonata Software as Chief Revenue Officer
BANGALORE, India, May 2, 2022 /PRNewswire/ -- Sonata Software is delighted to announce that Mr. Roshan Shetty is joining the company as Chief Revenue Officer, responsible for sales of its services business, globally. Roshan will be based out of the UK. In executing its aggressive growth strategy, Sonata has been investing in senior talent, especially [...]
Xoriant Establishes Center in Downtown Toronto
Creating employment opportunities for the high-potential talent of Canada to work on global technology projects in the third largest tech hub of North America SUNNYVALE, Calif., TORONTO and MUMBAI, India, May 3, 2022 /PRNewswire/ -- Xoriant, a global product engineering, software development, and technology services company headquartered in Silicon Valley, has launched a technology delivery [...]
Power woes cripple Maithan Alloys production in Andhra Pradesh
Kolkata, May 2 (PTI) City-based Maithan Alloys Ltd on Monday said production at its Vizag plant in Andhra Pradesh has been hit by 50 per cent since the last three weeks and will continue at least till May 15, due to disruption in power supply.The company, however, said that its two plants in West Bengal’s [...]
Modi highlights reforms undertaken by his govt; urges German businesses to invest in India’s youth
Berlin, May 2 (PTI) Prime Minister Narendra Modi on Monday highlighted the reforms undertaken by his government as he interacted with Indian and German business leaders, urging them to invest in India's youth.Modi, who arrived here on Monday morning on the first leg of his three-nation Europe trip, co-chaired a business round table with German [...]
PM Modi highlights reforms undertaken by his govt; urges German businesses to invest in India’s youth
Berlin, May 2 (PTI) Prime Minister Narendra Modi on Monday highlighted the reforms undertaken by his government as he interacted with Indian and German business leaders, urging them to invest in India's youth. Modi, who arrived here on Monday morning on the first leg of his three-nation Europe trip, co-chaired a business round table with [...]
India, Germany stress on free, open and inclusive Indo-Pacific
Berlin, May 2 (PTI) India and Germany on Monday stressed the significance of a free, open and inclusive Indo-Pacific and underlined the importance of unimpeded commerce and freedom of navigation in accordance with international law.The assertion by the two countries came in a joint statement issued after Prime Minister Narendra Modi and German Chancellor Olaf [...]
Britannia to take calibrated price hikes to manage profitability, says MD
New Delhi, May 2 (PTI) Leading food company Britannia Industries on Monday said it has judiciously increased prices in the January-March quarter on account of cost inflation and would further take such calibrated price hikes to retain its profitability. The Wadia group firm has "continued to take price increases judiciously and remained aggressive on the [...]
India, Germany ink pact on green hydrogen task force
New Delhi, May 2 (PTI) India and Germany on Monday inked a joint declaration of intent on Indo-German Green Hydrogen Task Force, an official statement said. Union Minister for Power and New and Renewable Energy R K Singh and German Minister for Economic Affairs and Climate Change Robert Habeck signed the joint declaration virtually, the [...]
Govt wants public sector enterprises to hire more apprentices
New Delhi, May 2 (PTI) In pursuance of the goal of engaging over 10 lakh apprentices over the next one year, the Union skill development ministry on Monday organised a workshop to make central public sector enterprises aware of the latest reforms and encourage them to hire more apprentices. Minister for Education, Skill Development and [...]
Lifechart raises USD 200k from Nazara Tech founder, Expert dojo
New Delhi, May 2 (PTI) Digital healthcare platform Lifechart has raised USD 200,000 (about Rs 1.5 crore) in pre-seed funding from Expert Dojo and Nitish Mittersain, the founder of Nazara Technologies. Lifechart said that it is on the verge of raising another USD 2 million in funding from reputed Indian and overseas investors by the [...]
Modi, Scholz meet top executives of Indian, German companies
Berlin, May 2 (PTI) Prime Minister Narendra Modi and German Federal Chancellor Olaf Scholz on Monday discussed with top executives from Indian and German companies ways to further boost the economic and commercial partnership between the two nations.Modi arrived in Berlin in the morning on the first leg of his three-nation Europe trip that will [...]
Volkswagen hikes Taigun, Tiguan prices by up to 4 pc
New Delhi, May 2 (PTI) Automaker Volkswagen India on Monday said it has increased prices of Taigun and Tiguan by up to 4 per cent with immediate effect in order to partially offset the impact of high input costs. Owing to the rising input costs, effective May 2, the brand announces a price revision of [...]
Info Edge plans to co-invest with Temasek in Rs 2,800 cr scheme to fund start-ups
New Delhi, May 2 (PTI) Internet firm Info Edge, which owns several online platforms like Naukri and Jeevansathi, is planning to co-invest with global investment firm Temasek in three schemes that will have a total corpus of USD 325 million (about Rs 2,800 crore) for funding start-ups, a top official of the company said on [...]
States expect higher tax devolution from Centre; to borrow less in FY23: Icra
Mumbai, May 2 (PTI) Tax devolution by the central government is likely to exceed the budget estimate by at least Rs 1.1 lakh crore in FY23, leading to compression in the gross borrowing by states to Rs 8.4 lakh crore, a report said on Monday. However, the borrowing cost for the states has went up [...]
PM Modi says India, Germany ties could serve as example of success in complex world; two sides sign USD 10.5 bn green development deal
Berlin, May 2 (PTI) Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use [...]
LIC anchor book of Rs 5,620 cr fully subscribed
New Delhi, May 2 (PTI) The anchor investor portion of LIC's initial public offering has been subscribed fully, garnering around Rs 5,620 crore, according to an official. The issue opened for anchor investor subscription on Monday and saw 'excellent' response, the official said, adding that the list will be uploaded to exchanges tonight. "Anchor book [...]
Ishares Core Total offloads 13 lakh Escorts shares worth Rs 211 cr
New Delhi, May 2 (PTI) Ishares Core Total International Stock Mauritius Company on Monday offloaded 13.33 lakh shares of farm machinery major Escorts Ltd for nearly Rs 211 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange (NSE), Ishares Core Total sold a total of 13,33,741 shares, [...]
Fintech startup ‘Open’ raises USD 50 mn; becomes 100th unicorn of India
Mumbai, May 2 (PTI) Open, a fintech startup, on Monday said it has raised USD 50 million (about Rs 382 crore) in a round of funding led by the brokerage IIFL. The round also saw participation from existing investors like Temasek, Tiger Global and 3one4 Capital. The Bengaluru-headquartered company also announced that with this fund [...]
Conditions favourable for taking drones to farmers: Govt
New Delhi, May 2 (PTI) The government on Monday said it is promoting the use of 'Kisan drones' and conditions are favourable to take such technology to the farmers. Addressing a conference, Agriculture Minister Narendra Singh Tomar said modernisation of the agricultural sector is on the agenda of the government. Kisan drones are being promoted [...]
India, Germany commit to reform WTO
Berlin, May 2 (PTI) India and Germany on Monday committed to reforming the WTO with a view to strengthen its principles and functions as well as preserve the autonomy of the two-tier appellate body of the global trade organisation. Both sides also expressed their strong support for the upcoming negotiations between the European Union and [...]
Home Minister Amit Shah reviews power situation amid outages
New Delhi, May 2 (PTI) Union Home Minister Amit Shah on Monday chaired a meeting of the top brass of coal, power and railway ministries amid electricity outages in various parts of the country due to shortage of coal at thermal plants, according to sources. The meeting was attended by Coal Minister Pralhad Joshi, Power [...]
Voltas signs JV pact with Hong Kong-based Highly International to manufacture compressors
New Delhi, May 2 (PTI) Leading air conditioner maker Voltas Ltd on Monday announced that it has entered into a partnership to set up a joint venture with Highly International (Hong Kong) Ltd to manufacture compressors in India. The Tata group firm has executed the joint venture agreement on April 30, 2022 with Highly International [...]
PM Modi says India, Germany ties could serve as example of success in complex world; two sides sign USD 10.5 bn green development deal
Berlin, May 2 (PTI) Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use [...]
PM Modi says India, Germany ties could serve as example of success in complex world; 2 countries sign USD 10.5 bn green development deal
Berlin, May 2 (PTI) Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use [...]
Govt assures on fertiliser availability during Kharif season; says subsidy may rise to Rs 2.5 lakh cr this fiscal
New Delhi, May 2 (PTI) The Centre on Monday stressed that availability of fertilisers during the current Kharif (summer-sown) season is more than the estimated demand, adding that its subsidy for this fiscal might increase to around Rs 2.5 lakh crore to ensure that farmers get crop nutrients at highly subsidised rates. The Centre further [...]
Sebi imposes Rs 25 lakh fine on Motilal Oswal Financial Services
New Delhi, May 2 (PTI) Capital markets regulator Sebi has imposed a penalty of Rs 25 lakh on Motilal Oswal Financial Services Ltd for misutilisation of clients' funds and incorrect reporting of the margin. In addition, it has been charged for funding clients beyond the stipulated time period, failure to keep appropriate evidences of client [...]
India, Germany ink pact for cooperation in agro-ecology
New Delhi, May 2 (PTI) India and Germany on Monday agreed to cooperate on agro-ecology and sustainable management of natural resources in the agriculture sector, with the latter intending to provide concessional loans of up to 300 million euros by 2025 for such initiatives. Agriculture Minister Narendra Singh Tomar and Germany's Minister of Economic Cooperation [...]
Edelweiss Housing Finance raises Rs 276 cr
New Delhi, May 2 (PTI) Edelweiss Housing Finance Ltd (EHFL) has raised around Rs 276 crore through a public issue of bonds that closed on Monday, a release said. The public issue of secured redeemable non-convertible debentures (NCDs) has been successfully completed and the company has allotted 27,59,057 NCDs of the face value of Rs [...]
Sebi penalises nine entities for manipulating Ruchi Soya stock prices
New Delhi, May 2 (PTI) Capital markets regulator Sebi has imposed a penalty amounting Rs 25 lakh on nine entities for indulging in fraudulent trade practices in the scrip of Ruchi Soya Industries Limited nearly 10 years ago. In its order on April 29, the securities and Exchange Board of India (Sebi) imposed a total [...]
Mahindra Finance Q4 Results: Consolidated net profit up over two-fold at Rs 629 cr
Mahindra & Mahindra Financial Services (Mahindra Finance) on Monday reported an over two-fold increase in consolidated net profit at Rs 629 crore for the quarter ended March 2022 as a drop in bad loans helped in credit cost reversal. The company's net profit stood at Rs 219 crore in the same quarter a year ago. [...]
Route Mobile to buy Teledgers’ blockchain, DLT platform for about Rs 130 cr
New Delhi, May 2 (PTI) Enterprise communications service provider Route Mobile will acquire the artificial intelligence-based blockchain and DLT platform of Teledgers Technology for over Rs 130 crore, according to a regulatory filing. Under the agreement, Route Mobile subsidiary Route Ledger will pay Rs 4.9 crore as advance to Teledgers within 30 business days of [...]
Sebi asks bourses, MIIs to submit info on major non-compliances in systems, network audit
New Delhi, May 2 (PTI) Markets regulator Sebi on Monday asked stock exchanges and other Market Infrastructure Institutions (MIIs) to submit information pertaining to exceptional major non-compliances observed in the systems and network audit. The systems and network audit report will be placed before the governing board of the MII concerned. Later, the report along with [...]
CCPA gets several consumer complaints against cab aggregators; calls meeting next week
New Delhi, May 2 (PTI) Amid a rise in customer complaints against cab aggregators, consumer protection regulator CCPA has called a meeting of ride-hailing platforms like Ola and Uber next week for seeking details about their policies related to pricing and cancellation of rides. Speaking to PTI, Central Consumer Protection Authority (CCPA) Chief Commissioner Nidhi [...]
Yatra launches feature to estimate flights’ carbon emissions
New Delhi, May 2 (PTI) Travel services provider Yatra Online Inc on Monday said it has introduced a feature on its flight booking platform that will estimate carbon emissions of each flight it displays as a step towards promoting sustainable travel. The feature will highlight carbon emissions and environmental impact of the flights, enabling consumers [...]
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