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Gravita India: Revenue split of Gravita India from each of its business segment
The industrial minerals sector in India is a vital component of the economy, projected to reach approximately $20 billion by FY24. This sector encompasses various minerals essential for construction, manufacturing, and agriculture, contributing significantly to infrastructure development and employment across the country. With a market capitalization of Rs 14,842 crore, the shares of Gravita India [...]
Infra stock jumps 5% after receiving work orders worth ₹1,114 Cr
Infra Stock engaged in providing Engineering, Procurement, and Construction (EPC) services across sectors like infrastructure, power transmission, distribution, railway, and many more jumps upto 5 percent upon receiving new work orders worth Rs. 1,114 Crores. Price Action With a market capitalization of Rs. 27,955 Crores, the shares of KEC International Limited closed at Rs. 1,050.15 [...]
Stock jumps 12% after UN countries agreement in COP29 to centralize carbon market mechanism
The shares of this Microcap stock engaged in the business of Carbon credit offsetting, carbon advisory services, and implementation and development of carbon credit were up 12 percent in intraday trade after COP29’s Agreement on Carbon Markets. Share Price Movement The share price of EKI Energy Services Ltd on Monday was up by 12 percent [...]
Sealmatic India in focus after raising fund for expansion in defence and nuclear sector
Nuclear energy stock engaged in designing and manufacturing high-precision & heavy-duty mechanical seals widely employed in various nuclear & thermal projects in focus following successful fundraising to expand into the areas of advanced mechanical seals for defence and nuclear applications. Price action With a market capitalization of Rs. 512 Crores, the shares of Sealmatic India [...]
IT stock jumps 15% after announcing stock split of shares
IT stock engaged in the business of providing IT-enabled services leveraging Cloud, Automation, and Data technologies jumped upto 15 percent in the day’s trade upon declaring a stock split of equity shares of the company and receiving a work order worth Rs. 84.5 Lakhs. Price Action With a market capitalization of Rs. 405 Crores, the [...]
Large cap stock jumps after ICICI bought stake worth ₹233 Cr in the company
During Monday’s trading session, the shares of a leading long-term life insurance solutions provider in India surged nearly 1.3 percent to Rs. 695.45 on BSE, after ICICI Lombard bought a 0.19 percent stake in the company for Rs. 233 crores through cash consideration. With a market cap of Rs. 1.47 lakh crores, at 01:55 p.m., [...]
EV stock jumps 4% after it partners with Ampvolts to expand EV charging infrastructure
Shares of one of India’s leading auto manufacturing companies in the Electric Vehicle (EV) segment surged nearly 4 percent on BSE to Rs. 44.57 on Monday, after signing an MoU with Ampvolts to develop advanced EV charging infrastructure in India and abroad. With a market cap of Rs. 1,153 crores, at 01:37 p.m., the shares [...]
Transformer stock hits 5% upper circuit after receiving order worth ₹16 Cr for transformers
Transformer stock engaged in the business of manufacturing, upgrading, and renovating various types of transformers hit a 5 percent upper circuit in the day’s trade upon receiving work order worth ~Rs. 16 Crores for supply of transformers. Price Action With a market capitalization of Rs. 545 Crores, the shares of Supreme Power Equipment Limited hit [...]
Pharma stock jumps after it partners with global pharma company for product development
This Midcap Pharma stock which is engaged in the manufacturing and marketing of APIs, generic pharmaceuticals, and other related services is up by 2.6 percent after the company collaborated with a global pharma major for the development and commercialization of products. Price Action With a market capitalization of Rs. 71,914.86 Crores, the shares of Aurobindo [...]
Waste management stock hits upper circuit after receiving order from Gujarat Govt.
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. 1.68 Crores from Borsad Municipality. Price Action With a market capitalization of Rs. 483 Crores, the shares of Urban Enviro [...]
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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
JSP’s TMT rebar mill inaugurated in Odisha’s Angul
Angul, Apr 28 (PTI) Union Steel Minister Ram Chandra Prasad Singh inaugurated the TMT rebar mill of the Jindal Steel at its integrated complex in Odisha's Angul district on Thursday. The facility of 1.4 million tonnes per annum (MTPA) is one of the world's largest and the most-modern rebar mill, according to a statement by [...]
Airtel, Apollo Hospitals, Cisco demonstrate 5G use case in healthcare
New Delhi, Apr 28 (PTI) Telecom operator Bharti Airtel has partnered with Apollo Hospitals and Cisco to create a 5G connected ambulance that transforms access to healthcare and saves lives in emergency situations. The demonstration was conducted in Bengaluru over the 5G trial spectrum allotted to Airtel by the Department of Telecom. In the trial, [...]
PM should not `mislead’ country on fuel prices, says C’garh CM
Raipur, Apr 28 (PTI) Chhattisgarh Chief Minister Bhupesh Baghel on Thursday said Prime Minister Narendra Modi should not "mislead" the country over the rising prices of petrol and diesel, and demanded that the Union government stop imposing cess on fuels.Talking to reporters on the legislature premises here, he said BJP-ruled states should first reduce the [...]
Over 55 partner countries launch declaration for future of internet, doors open for India, says US
Washington, Apr 28 (PTI) More than 55 countries have launched a declaration for the future of the internet, the White House said on Thursday, adding that the doors are still open for countries like India which have not joined it.The Declaration for the Future of the Internet is in part a response to a rising [...]
Spectrum auction likely in early June, says Ashwini Vaishnaw
New Delhi, Apr 28 (PTI) The government is likely to hold 5G spectrum auction in early June, telecom minister Ashwini Vaishnaw said on Thursday. The minister said that the Department of Telecom is working as per expected timeline and the process is on to resolve industry concerns around spectrum pricing. Asked about the schedule of [...]
Pakistan’s top Islamic court asks govt to implement interest-free banking system by 2027
Islamabad, Apr 28 (PTI) Pakistan's top Islamic court on Thursday declared the prevailing interest-based banking system as against the Sharia law and directed the government to replace it with an interest-free system by the end of 2027.Announcing the verdict in a long-pending case on Riba (interest), the Federal Shariat Court (FSC) directed the government to [...]
Govt to launch open network for digital commerce in five cities
New Delhi, Apr 28 (PTI) The commerce and industry ministry is all set to launch the pilot phase of open network for digital commerce on Friday, a senior official said. The Open Network for Digital Commerce (ONDC) is an initiative of the government to promote an open platform for all aspects of the exchange of [...]
Carlsberg registers strong India volume growth in March
New Delhi, Apr 28 (PTI) Danish brewing major Carlsberg on Thursday said it has registered a "strong volume growth" in the India market in March after getting impacted in January and February due to the COVID-19 pandemic.The company has a strong performance across Asia with volume and revenue well ahead of Q1 2019 on a [...]
RBI extends cash credit limit for wheat procurement from Punjab
Chandigarh, Apr 28 (PTI) The Punjab government on Thursday said the RBI extended the cash credit limit (CCL) for the ongoing wheat procurement from the state.The Reserve Bank of India (RBI) extended the CCL of Rs 3,378.15 crore till the end of May.With this, the sanctioned limit of Rs 24,773.11 crore for April-end has been [...]
Revamped ZED certification scheme launched for MSMEs
New Delhi, Apr 28 (PTI) Union Minister Narayan Rane on Thursday launched the revamped Sustainable (ZED) Certification Scheme to facilitate MSMEs to adopt Zero Defect Zero Effect practices and become energy efficient while improving quality through increased compliance with manufacturing processes. MSMEs certified under the scheme would be eligible for concession in banks' processing fees [...]
IIFL Finance Q4 Results: Net profit rises 30% to Rs 321 cr
IIFL Finance on Thursday reported a 30 per cent growth in net profit to Rs 321 crore for the March quarter, driven by strong loan sales and lower provisioning for impaired assets. For the full year ending March 2022, the company booked a Rs 1,188 crore in net income, a growth of 56 per cent [...]
Bajaj Allianz Life net income down 80% on lower market gains, higher claims
Mumbai, Apr 28 (PTI) Lower investment gains, higher COVID-19 claims and higher new premium underwriting have pulled down Bajaj Allianz Life's net income by 80 per cent in the March quarter to Rs 48 crore from Rs 234 crore a year ago, whittling down the 30 per cent rise in new business premium.The Pune-based Bajaj [...]
CBI arrests Mumbai-based realtor Sanjay Chhabria in Yes Bank-DHFL corruption case
New Delhi, Apr 28 (PTI) The CBI on Thursday arrested Mumbai-based realtor Sanjay Chhabria in connection with a case of alleged corruption against Yes Bank founder Rana Kapoor and Dewan Housing Finance Corporation Ltd (DHFL), officials said. Chhabria of Radius Developers will be produced before a special court on Friday, they said. The CBI had [...]
Shoppers Stop posts Rs 15.85 crore quarterly loss
Retail chain Shoppers Stop Ltd on Thursday reported narrowing of its consolidated net loss to Rs 15.85 crore for the fourth quarter ended March 2022. The company had posted a net loss of Rs 24.10 crore in the January-March quarter a year ago, according to a regulatory filing. Its revenue from operations was up 4.83 [...]
I would urge all of you to incorporate, list in India: Goyal to startups
New Delhi, Apr 28 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday appealed to startups to get incorporated and listed in India and not leave the country "just for few dollars more". He suggested them to inform the government if there are any issues or problems so that those can be resolved. "A little [...]
Shriram Transport Fin Q4 net jumps 44 pc to Rs 1,086 cr
Mumbai, Apr 28 (PTI) Non-banking financial company Shriram Transport Finance on Thursday reported a 43.87 per cent jump in its standalone profit after tax at Rs 1,086.13 crore in the quarter ended March 2022, on the back of improvement in the net interest margin and asset quality. The company had reported a standalone profit after [...]
Sebi penalises four individuals for manipulating Viaan Industries’ stocks
New Delhi, Apr 28 (PTI) Capital markets regulator Sebi on Thursday slapped a fine totalling Rs 5 lakh on four individuals for indulging in manipulation of the share price of Viaan Industries Limited. Bollywood actress Shilpa Shetty Kundra and his husband Raj Kundra are the promoters of Viaan Industries Limited (VIL). In its order, the [...]
Bajaj Holdings Q4 net profit up 16 pc to Rs 1,105 cr
New Delhi, Apr 28 (PTI) Bajaj Holdings and Investment on Thursday said its consolidated net profit increased 16 per cent to Rs 1,105 crore for the fourth quarter ended March. The company had reported a consolidated net profit of Rs 949 crore in the January-March quarter of 2020-21 fiscal. The total income, however, declined to [...]
NEWSALERT
Biden says it's 'critical' Congress pass massive Ukraine aid bill, 'caving to aggression is going to be more costly', reports AP. PTI AMS AMS
Indian Hotels shares climb nearly 5 pc post Q4 earnings
New Delhi, Apr 28 (PTI) Indian Hotels Company Ltd (IHCL) shares jumped nearly 5 per cent on Thursday after the company reported a consolidated net profit of Rs 71.57 crore for the fourth quarter ended March 2022.Shares of the company rallied 5.89 per cent to Rs 249.75 during the day at the BSE. It finally [...]
Vedanta Ltd posts Rs 7,570 cr PAT in Q4
New Delhi, Apr 28 (PTI) Mining major Vedanta Ltd on Thursday reported a consolidated profit after tax of Rs 7,570 crore for the January-March quarter of 2021-22 on the back of higher sales volume, supportive commodity prices and operational efficiencies.The company had posted a profit after tax of Rs 5,105 crore in the year-ago period, [...]
Nepal conducts wide body test flight at second International airport
Kathmandu, Apr 28 (PTI) Nepal Airlines Corporation (NAC), the country's national flag carrier, on Thursday successfully conducted an "operational performance test flight" at Gautam Buddha International Airport, the country’s second international airport, which will soon start operating international flights. The NAC A330 wide-body aircraft took off from Tribhuvan International Airport here at 5 pm and [...]
Department of Posts starts providing NPS services through online mode
New Delhi, Apr 28 (PTI) People can now subscribe to the national pension scheme from the Department of Posts online, an official statement said on Thursday. The Department of Posts (DoP) has been providing the National Pension Scheme (NPS-All Citizen Model Scheme), a voluntary Pension Scheme of the Government of India managed by Pension Fund Regulatory [...]
Ambuja Cements Q1 Results: Consolidated net profit slumps 30.26% to Rs 856.46 cr
Ambuja Cements, part of Swiss building material major Holcim Group, on Thursday reported a 30.26 per cent decline in its consolidated net profit to Rs 856.46 crore for the first quarter ended March 2022 on account of rising fuel prices. The company, which follows the January-December financial year, had clocked a net profit of Rs [...]
Projects spread on more than 500 sq metres must be registered: Delhi RERA
New Delhi, Apr 28 (PTI) Real Estate Regulatory Authority of Delhi on Thursday said all housing and commercial projects being developed on more than 500 square metres of land will require compulsory registration with the state regulator. In a public notice, Delhi RERA (Real Estate Regulatory Authority) clarified that those projects where the number of [...]
IKEA India to increase local sourcing, says CEO Susanne Pulverer
Mumbai, Apr 28 (PTI) IKEA India is planning to increase locally sourcing their products which will not only help in staying affordable but will also create more jobs and enhance skills, a top company executive has said. "We have been steadily increasing our local sourcing footprint in India and our ambition is to reach about [...]
Ayu Health raises $27 mn from Nilekani fund, others
Mumbai, Apr 28 (PTI) Healthcare startup Ayu Health has raised USD 27 million (about Rs 205 crore) in a series-B round led by Fundamentum Partnership, an early growth-stage fund founded by Nandan Nilekani and Sanjeev Aggarwal.The round also saw participation from the US-based fund 57 Stars, Rohit MA-led Capier Investments, angel investors such as Ashish [...]
FHRAI seeks rationalisation of GST rates for hospitality sector
New Delhi, Apr 28 (PTI) Citing high inflation, the Federation of Hotel and Restaurant Associations of India on Thursday appealed to the GST Council to rationalise the GST rates for the hospitality sector. FHRAI has also asked the government to consider simplification of goods and services tax (GST) rules to enable the establishments falling under [...]
Tata Power signs MoU with NAREDCO for 5,000 EV charging points
New Delhi, Apr 28 (PTI) Tata Power has inked a pact with National Real Estate Development Council (NAREDCO) to install 5,000 EV charging points across Maharashtra, a statement said on Thursday. Tata Power will provide a comprehensive EV charging solutions across properties of member developers of NAREDCO, the statement said. This will include installation, maintenance, [...]
Renewable energy comes to rescue amid rising power demand: Official
New Delhi, Apr 28 (PTI) Renewable energy has come to the rescue during the ongoing power crisis triggered by surging demand amid the heat wave condition in the country, especially when the peak electricity supply hit the record level of 201.06 GW earlier this week, a senior official said on Thursday. The maximum pan-India power [...]
Mahindra Electric Mobility sees over 3-fold jump in electric three-wheeler sales in FY22
New Delhi, Apr 28 (PTI) Mahindra Electric Mobility Ltd, a part of the Mahindra Group, on Thursday reported an over three-fold jump in its electric three-wheeler sales at 16,862 units in 2021-22. The company had sold 5,376 units in the previous fiscal (2020-21). Citing Society of Indian Automobiles Manufacturers (SIAM) data, Mahindra Electric said it [...]
Delay in adjudication of commercial disputes affects ease of doing business: SC
New Delhi, Apr 28(PTI) Observing that delay in adjudication of commercial disputes affects the ease of doing business, the Supreme Court Thursday ordered the Allahabad High Court Chief Justice to prepare a roadmap for early disposal of execution petitions under the Arbitration Act. A bench of Justices M R Shah and B V Nagarathna said [...]
While selling flats, there should be no discrimination based on community, food habits, says Maha Housing Minister
Mumbai, Apr 28 (PTI) There should be no discrimination on the basis of religion or food habits while selling or renting out flats in Mumbai, Maharashtra Housing Minister Jitendra Awhad said here on Thursday.The NCP leader also noted that original inhabitants of the city were nonvegetarians.Awhad was speaking to reporters on the sidelines of an [...]
Nabard’s balance sheet grows 15.08 pc to Rs 7.57 lakh cr in FY22
Mumbai, Apr 28 (PTI) National Bank for Agriculture and Rural Development (Nabard) on Thursday reported a 15.08 per cent growth in its balance sheet to Rs 7,57,246 crore in the fiscal ended March 2022.In fiscal 2021, its balance sheet stood at Rs 6,57,798 crore."Next year, we are targeting a balance sheet size of Rs 8.75 [...]
Azure Power to develop 1700 MW RE projects worth Rs 13,300 cr in Karnataka
New Delhi, Apr 28 (PTI) Azure Power has inked an expression of interest (EoI) to develop 1,700 MW renewable energy projects entailing investment of Rs 13,300 crore in Karnataka. The company signed the EoI with the Karnataka government to develop solar, wind, and hybrid renewable energy projects aggregating to 1700 MW capacity, a company statement [...]
ReNew Power inks 5 PPAs to supply about 1500 MW solar energy
New Delhi, Apr 28 (PTI) ReNew Power on Thursday said it has signed five power purchase agreements (PPAs) for the supply of around 1,500 MW electricity generated from solar plants. The company has signed PPAs with Solar Energy Corporation of India (SECI) and Punjab State Power Corporation Ltd (PSPCL), as well as multiple long-term purchase [...]
NSE co-location case: CBI opposes bail plea of Chitra Ramakrishna, Arvind Subramanian
New Delhi, Apr 28 (PTI) A Delhi court on Thursday reserved an order on the bail applications of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna and group operating officer (GOO) Anand Subramanian in the NSE co-location case. Special Judge Sanjeev Aggarwal heard the submission from the accused [...]
Campus Activewear IPO subscribed 51.75 times on last day of subscription
The initial public offer of athleisure footwear company Campus Activewear was subscribed 51.75 times on the last day of subscription on Thursday, mainly helped by strong interest from institutional buyers. According to the NSE data, the IPO (Initial Public Offer) got bids for 1,74,02,02,110 shares against 3,36,25,000 shares on offer. The portion meant for Qualified [...]
Indioa aims to create innovation ecosystem: Jitendra Singh
New Delhi, Apr 28 (PTI) India aims to create an innovation ecosystem through institutions like NITI Aayog's Atal Innovation Mission (AIM) by providing platforms and collaboration opportunities to different stakeholders, Union minister Jitendra Singh said on Thursday. Addressing an event here, Singh congratulated Atal Innovation Mission for facilitating a holistic approach to ensure creation of a problem-solving [...]
Property tech startup TEAL raises USD 2 mln
New Delhi, Apr 28 (PTI) Property tech startup TEAL on Thursday said it has raised nearly Rs 15 crore from investors, including Omidyar Network India, to expand business. The company announced closure of its pre-Series A round of USD 2 million (Rs 14.8 crore) led by Omidyar Network India, with participation from existing investor, Info [...]
Temasek commits $162.5 million in Info Edge funds
New Delhi, Apr 28 (PTI) Singapore state investment firm Temasek Holdings has committed USD 162.5 million (Rs 1,245 crore) in three funds owned and managed by Info Edge (India) Ltd, which owns and operates job site Naukri.com and real estate broking platform 99acres.com. "MacRitchie Investments Pte Ltd, an indirect wholly-owned subsidiary of Temasek Holdings (Private) [...]
6.48 crore policyholders keen to buy LIC IPO, says official
Bengaluru, Apr 28 (PTI) Ever since the Life Insurance Corporation (LIC) announced launching the initial public offering (IPO), 6.48 crore LIC policyholders have shown interest to get the much-touted share of the largest insurance company in the country, an official said. “The response to our IPO launch is wonderful. We have some figures: 6.48 crore [...]
SES, Nasdaq to add ESG performance metrics for top 100 Indian cos on ‘Nasdaq Data Link’ Platform
New Delhi, Apr 28 (PTI) Stakeholders Empowerment Services (SES) on Thursday announced the inclusion of ESG performance metrics for the top 100 Indian companies on the Nasdaq data link platform, a global cloud-based technology platform that empowers all segments of the investing public with a comprehensive suite of core financial, fund and alternative data. For [...]
Steel Minister dedicates to nation JSPL’s 1.4 MT rebar mill at Angul plant
Angul, Apr 28 (PTI) Steel Minister Ram Chandra Prasad Singh on Thursday dedicated JSPL's 1.4 MTPA TMT rebar mill located at the steel unit here to the nation.The rebar mill is one of the world's largest rebar making units and the only producer of 50 mm width TMTs in India, Jindal Steel and Power Ltd [...]
TravClan raises USD 4.7 mn led by Hashed Emergent Fund
New Delhi, Apr 28 (PTI) Startup B2B travel platform TravClan on Thursday said it has raised a total of USD 4.7 million (about Rs 36 crore). Earlier in July 2021, the company had raised USD 2.2 million from TheVentures and Leo Capital. The pre-Series A funding round was led by Hashed Emergent Fund and [...]
Wipro GE Healthcare launches locally manufactured CT scanner
New Delhi, Apr 28 (PTI) Wipro GE Healthcare on Thursday said it has launched the next generation version of its Revolution Aspire CT (Computed Tomography) scanner in the country. The product is an advanced imaging solution designed and manufactured end-to-end in India, in line with the government's 'Aatmanirbhar Bharat' initiative. The upgraded CT system is [...]
Projects spread on more than 500 sq metres must be registered: Delhi RERA
New Delhi, Apr 28 (PTI) Real Estate Regulatory Authority of Delhi on Thursday said all housing and commercial projects being developed on more than 500 square metres of land will require compulsory registration with the state regulator. In a public notice, Delhi RERA (Real Estate Regulatory Authority) clarified that those projects where the number of [...]
BMW to launch all-electric sedan i4 in India next month
New Delhi, Apr 28 (PTI) German luxury carmaker BMW will launch its all-electric sedan, i4, in India next month, continuing its electric vehicle offensive in the country, a senior company official said on Thursday. The company, which had in November last year announced plans to launch three electric vehicles in six months in India to [...]
Parl panel to summon Google, Twitter, Amazon, other big tech firms to discuss their competitive conduct
New Delhi, Apr 28 (PTI) With a number of global tech giants facing CCI probe for alleged anti-competitive practices, a key Parliamentary panel on Thursday decided to summon representatives of Google, Amazon, Facebook, Twitter and others to examine their competitive behaviour. The next meeting of the panel on the issue is likely to be held [...]
Maha to re-allot stuck slum projects to new builders, move to help 40k families
Mumbai, Apr 28 (PTI) In a move that can potentially give relief to up to 40,000 families, Maharashtra is set to reallocate stuck slum redevelopment projects to new builders, a minister said on Thursday. There are 520 such stuck projects where the developer who had availed the original residents' consent for redevelopment but not delivered [...]
ICICI Bank aims to double SME loan book in two years: ED
Mumbai, Apr 28 (PTI) ICICI Bank on Thursday said it is targeting to double its loan book to small and medium enterprises (SMEs) in the next two years on higher demand from the segment.The second-largest private sector lender has seen that in the last two years, the SME loan book has doubled to Rs 40,000 [...]
NEWSALERT
Jayant Sinha-chaired Parl panel to call representatives of Google, Apple, Facebook, Twitter, Amazon, Microsoft, others. PTI JTR RAM
NEWSALERT
Parliamentary committee to summon representatives of big tech firms to discuss their competitive conduct: Panel chief Jayant Sinha. PTI JTR RAM
IWIL India in collaboration with Techsupergirl launched the biggest Future of work Summit “Techversify 22”
IWIL India, in collaboration with TechSupergirl, hosted the Future of Work Summit and Awards "TechVersify 2022" with the change-makers, thought leaders and influencers from various sectors at the Roseate House, Aerocity, New Delhi, on April 23, 2022. The summit was held under the patronage of Ms. Deepa Sayal, IWIL India's Founder and sponsored by ADG [...]
Azure Power signs EoI with Karnataka govt to develop 1,700 MW renewable energy projects
Bengaluru, Apr 28 (PTI) Azure Power, a sustainable energy solutions provider and power producer, on Thursday said it has signed an expression of interest (EoI) with the government of Karnataka to develop solar, wind, and hybrid renewable energy projects aggregating to 1,700 MW capacity at a total investment of Rs 13,300 crore. The EoI was [...]
Steep fall in bad loan provision boosts BoM net 115% to Rs 355 cr
Mumbai, Apr 28 (PTI) State-run Bank of Maharashtra on Thursday said its net profit for the March quarter more than doubled to Rs 355 crore from Rs 165 crore a year ago on improved loan sales and asset quality leading to lower provisioning and better cost-to-income ratio. For the full year to March, the Pune-based [...]
SBI’s former chairman Rajnish Kumar joins Indifi Tech advisory board
New Delhi, Apr 28 (PTI) Onlnine lending platform Indifi Technologies on Thursday announced the appointment of SBI's former chairman Rajnish Kumar as an advisor. Kumar is also chairman of Bharatpe board. In his capacity as an advisor, Kumar will engage with the management on the company's growth strategy and provide guidance in the financial services [...]
LPU Ranked Amongst the Top 100 Universities in the World as per Times Higher Education Impact Rankings-2022
New Delhi, Delhi, India (NewsVoir) • LPU ranked 74th among thousand plus Universities in 106 Countries • LPU is even ahead of the University of Toronto and all participating IITs, IIMs, and Central universities of India • In India, LPU stands at 2nd rank Lovely Professional University (LPU) is ranked among top 100 universities of [...]
Reliance Industries mcap breaches Rs 19 lakh cr mark at end of trade
The market valuation of Reliance Industries Limited, the country's most valued firm, went past Rs 19 lakh crore mark at the close of trade on Thursday. The market heavyweight stock jumped 1.49 per cent to settle at Rs 2,819.20 apiece on the BSE. During the day, it rallied 2.59 per cent to its record high [...]
Chennai Based ‘Thaagam’ Foundation Quenches the Thirst and Hunger of Thousands of Poor and Vulnerable Families in Srilanka
Chennai, Tamil Nadu, India (NewsVoir) • Spells hope and love amidst National Economic Crisis with a donation of daily grocery kits and more, keeping hunger at bay In an endeavour to mitigate and eradicate hunger in our society, the Chennai based NGO, ‘Thaagam Foundation’, has been providing food to the poor, needy, homeless and the [...]
JioSaavn appoints former Amazon Music director Sahas Malhotra as CEO
New Delhi, Apr 28 (PTI) Music app firm JioSaavn has appointed former Amazon Music director and entertainment industry veteran Sahas Malhotra as its new CEO.Malhotra has earlier worked with Sony Music India and Tips Industries.At Tips Industries, Sahas was leading the business at Tips Music and marketing for Tips Film production."Based out of the company’s [...]
STL’s annual growth jumps 19%; reports highest ever revenue
• 55 % of annual revenue from focus markets of US and EMEA • Robust operational performance across businesses • Margin softening due to inflationary pressures MUMBAI, India, April 28, 2022 /PRNewswire/ -- STL [NSE: STLTECH], an industry leading integrator of digital networks, announced consolidated financial results for its fourth quarter and financial year ending [...]
RBI modifies norms for banks on short term crop loan scheme
Mumbai, Apr 28 (PTI) RBI on Thursday modified norms for banks to claim the amount of interest subvention provided to farmers under the short-term crop loan scheme through Kisan Credit Card (KCC) during the last fiscal. Pending claims for the 2021-22 financial year can be submitted by June 30, 2023 and those have to be [...]
Criminal Identification Act – a Precursor to the DNA Bill
New Delhi, Delhi, India–Business Wire India • Bill a part of Government’s efforts to modernize and build an efficient criminal identification process.• The collection of biological samples opens the possibility of using DNA database technology in criminal investigation The Criminal Procedure (Identification) Bill 2022, recently passed in the parliament ensures a more efficient and [...]
TAKI DAO Announces Initial Exchange Offering (IEO) for the $TAKI Token
NEW DELHI, April 28, 2022 /PRNewswire/ -- TAKI DAO, which comprises the community of $TAKI token holders, has announced the launch of an Initial Exchange Offering (IEO) for its token- $TAKI. Proceeds from the IEO will benefit the TAKI DAO's community treasury. This IEO will enable $TAKI to reach a broader global audience and expand [...]
Indian Bank unveils pre-approved personal loan under Project WAVE
Chennai, Apr 28 (PTI) Public sector Indian Bank has unveiled pre-approved personal loan product under Project 'WAVE', a top official said on Thursday. In January 2022, the Chennai-based bank launched the digital transformation initiative - World of Advance Virtual Experience "WAVE" to launch its first digital product "Pre-Approved Personal Loan (PAPL)" that aims to provide [...]
Bajaj Allianz General records profit of Rs 1,339 cr in FY22
Bajaj Allianz General Insurance on Thursday said its profit remained flat at Rs 1,339 crore for the 2021-22 financial year against Rs 1,330 crore in the previous financial year. Gross written premium of the company during the financial year rose by 9 per cent to Rs 13,788 crore compared to Rs 12,624 crore a year [...]
HUL shares climb 4.5 pc on higher quarterly earnings; mcap jumps by Rs 22,920 cr
New Delhi, Apr 28 (PTI) Shares of Hindustan Unilever Ltd on Thursday gained 4.5 per cent after the FMCG major reported a higher consolidated net profit for the fourth quarter ended March. The stock jumped 4.55 per cent to end at Rs 2,241.80 on the BSE. During the day, it rallied 4.92 per cent to [...]
Organisations must report cyber security breach within six hours: CERT-In
New Delhi, Apr 28 (PTI) CERT-In has asked all government and private agencies, including internet service providers, social media platforms and data centres, to mandatorily report cyber security breach incidents to it within six hours of noticing them. The new circular, issued by the Indian Computer Emergency Response Team (CERT-In), mandates all service providers, intermediaries, [...]
Reliance Industries plan bid for UK retail major Boots: Report
London, Apr 28 (PTI) Mukesh Ambani led Reliance Industries is considering a joint bid with US buyout firm Apollo Global Management for Britain's well-known retailer Boots, according to a UK media report on Thursday.According to ‘The Financial Times’, the American private equity firm is working with one of India’s richest businessmen on a bid for [...]
Bajaj Auto shares decline nearly 2 pc after Q4 earnings
New Delhi, Apr 28 (PTI) Shares of Bajaj Auto dipped nearly 2 per cent on Thursday after the company reported a 2 per cent decline in consolidated net profit for the fourth quarter ended March 2022. Bajaj Auto stock declined 2.58 per cent to Rs 3,804.80 during the day on the BSE. It finally ended [...]
Vedanta Q4 Results: Consolidated profit after tax falls 5% to Rs 7,261 cr
Vedanta Ltd on Thursday reported about 5 per cent decline in its consolidated profit after tax (PAT) at Rs 7,261 crore in the March 2022 quarter on account of higher expenses. Its PAT was Rs 7,629 crore in the same quarter of 2020-21, Vedanta Ltd said in a press statement. However, during the January-March period, [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 28 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 63,991.00 64,266.00 STANDARD GOLD (99.5) : 51,059.00 51,320.00 PURE GOLD (99.9) : 51,264.00 51,526.00 -------------------- PTI MUM SSBSSB SSB
CAMSfinserv, Microsoft India to develop technology foundation for Account Aggregator ecosystem
Chennai, Apr 28 (PTI) CAMSfinserv, a wholly owned subsidiary of Computer Age Management Services Ltd (CAMS), on Thursday said it has collaborated with IT giant Microsoft to develop a robust technology foundation for the Account Aggregator marketplace to accelerate digital transformation in the country. CAMSfinserv and Microsoft would work jointly to empower the Account Aggregator [...]
Kauvery Hospital Adopts Wearable Vital Monitoring Solution to Improve Patient Care
Chennai, Tamil Nadu, India (NewsVoir) Kauvery Hospital Chennai, a unit of Kauvery Group of Hospitals, a leading multispecialty healthcare chain in Tamil Nadu, announced the adoption of the latest remote monitoring solution to continuously monitor the health of patients shifted from ICU (Intensive Care Unit) to the wards. ‘State of the art’ wireless bio sensors [...]
Mahindra Lifespace shares wipe out early gains; end nearly 1 pc lower
New Delhi, Apr 28 (PTI) Shares of Mahindra Lifespace Developers Ltd on Thursday pared all its early gains and ended nearly 1 per cent lower. In early trade, it had jumped nearly 8 per cent after the company reported a consolidated net profit of Rs 154.5 crore for the last fiscal. The stock had gained [...]
MobiKwik Eyes Higher Share of Wallet in Travel; Collaborates with Leading Airlines and OTAs
Gurgaon, Haryana, India (NewsVoir) • Eminent airline partners include Vistara, SpiceJet, and Indigo • Major online travel companies on-board are ixigo, MakeMyTrip, Goibibo, EaseMyTrip, Yatra, AbhiBus, Zing Bus MobiKwik, one of the largest mobile wallets and the largest Buy Now Pay Later (BNPL) FinTech company in India, has announced a collaboration with renowned partners in [...]
SBI Life Q4 Results: Net profit rises 26% to Rs 672 cr
SBI Life Insurance (SBI Life) on Thursday reported a 26.3 per cent rise in its net profit at Rs 672 crore for quarter ended March 2022. The life insurer had posted a net profit of Rs 532 crore in the year-ago quarter. Total income of the company during the January-March quarter of 2021-22 rose to [...]
CubicPV, Waaree announce multi-year supply agreement
New Delhi, Apr 28 (PTI) CubicPV has inked a multi-year agreement with Waaree Energies to supply one GW of silicon cells per annum."CubicPV and Waaree Energies Ltd, India’s leading solar module manufacturer, today announced that they have entered into a multi-year supply agreement in which CubicPV will supply per annum 1 GW of silicon cells [...]
Azure Power signs an Expression of Interest (EoI) with Government of Karnataka to develop 1700 MW renewable energy projects
NEW DELHI, April 28, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider and power producer in India signed an Expression of Interest (EoI) with Government of Karnataka to develop solar, wind, and hybrid renewable energy projects aggregating to 1700 MW capacity. The total investment commitment is INR 13,300 crore. [...]
NCLT initiates insolvency proceedings against Andhra Cement
New Delhi, Apr 28 (PTI) The National Company Law Tribunal has directed to initiate insolvency proceedings against Andhra Cement, a company owned by the debt-ridden Jaypee Group. The Hyderabad bench of the NCLT (National Company Law Tribunal) has also appointed Nirav K Pujara as the Interim Resolution Professional (IRP) of the company, and declared a [...]
Heatwave, coal shortage fuel blackouts across states
New Delhi, Apr 28 (PTI) A potent combination of sweltering summer and acute coal shortages have triggered blackouts across many parts of the country as states struggle to manage record demand for electricity and low feedstock at power plants. From Jammu and Kashmir to Andhra Pradesh, consumers are facing power cuts ranging from 2 hours [...]
2022 PropertyGuru Asia Property Awards (India) Launches in Revitalised Property Market, Nominations Open
PropertyGuru's prestigious international real estate awards series to laurel India's finest across diverse array of categories New Delhi, Delhi, India (NewsVoir) • Open categories include various accolades for developers and honours for outstanding real estate portfolio • Entries and nominations are open to eligible companies and the public until 2 September • Gala dinner to [...]
JK Tyre plans to reduce 65 pc raw water usage by 2025
New Delhi, Apr 28 (PTI) JK Tyre & Industries Ltd on Thursday announced plans to reduce its raw water usage for manufacturing processes across all its plants in India by over 65 per cent from the base year of 2013-14 by 2025.As part of a strategy to reduce its environmental footprint and also help mitigate [...]
High-Quality, Connected Products Will Drive Reach in Mobility and Hyper-Local Segments with Rapido, Says Sudarshan Venu, JMD, TVS Motor Company
Hosur, Tamil Nadu, India – Business Wire India • Strategic Partnership will allow the two companies to collaborate across topics of mutual interest to further deepen the commercial mobility ecosystem • MoU further solidifies TVS Motor’s commitment to supporting the electrification of the industry and the hyperlocal mobility segment in particular TVS Motor Company, a [...]
COMMODITY PRICES
MUMBAI, APRIL 28 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 791.00 COPPER HEAVY SCRAPS 781.00 COPPER ARMATURE (CREDIT) 765.00 COPPER UTENSILS SCRAP 705.00 CC ROD 816.00 CC ROD (RECYCLED) 793.00 BRASS :- BRASS SHEET CUTTING 574.00 BRASS UTENSIL SCRAP 530.00 BRASS HONEY 505.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 190.00 [...]
SISA Releases Learnings from Global Forensic Investigations to help the Financial Sector
BANGALORE, India, April 28, 2022 /PRNewswire/ -- SISA, a forensics-driven global cybersecurity company, today announced the release of its biennial information security report 'SISA Top 5 Forensic Driven Learnings – 2022-2023'. The report is based on findings from SISA's forensics investigations, incident response and security audits carried out between April 2020 and December 2021. The [...]
Gypsy_Moth, an Integrated Brand Building and Storytelling Agency Aims to Grow 5x by 2023
With a vision to become ‘A Visual First Creative Agency’ Mumbai, Maharashtra, India – Business Wire India Gypsy_Moth, the integrated brand building & storytelling agency, specialising in fashion, beauty, luxury and lifestyle brands aim to grow by 5X this fiscal year. With a portfolio like Pepe Jeans India, Easybuy from The Landmark Group, an enormous [...]
Lankan trade unions on strike demanding Rajapaksas’ ouster over economic crisis
Colombo, Apr 28 (PTI) Nearly 1,000 trade unions in Sri Lanka staged a one-day nationwide strike on Thursday demanding the immediate resignation of the government, including President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa, over its failure to tackle the country’s unprecedented economic crisis. Sri Lanka is currently in the throes of unprecedented economic turmoil [...]
An Artistic Expression of Sustainability. BMW Group India Showcases the ‘Future of Mobility’ at India Art Fair
New Delhi, Delhi, India – Business Wire India • JOY. Born Again. The first-ever BMW iX.• A Silent Revolution. The first all-electric MINI Cooper SE. Showcasing the unique connection between art and automobiles, BMW Group India will exhibit the ‘Future of Mobility’ at the latest edition of India Art Fair being held in New Delhi [...]
Embassy REIT CEO Michael Holland resigns; Vikaash Khdloya appointed as new CEO from July 1
New Delhi, Apr 28 (PTI) Embassy Office Parks REIT's chief executive officer Michael Holland has resigned from the company and Vikaash Khdloya has been appointed as the CEO with effect from July 1. Embassy REIT, sponsored by Embassy group and Blackstone, declared a distribution of Rs 499 crore or Rs 5.26 per unit for Q4 [...]
OILSEEDS PRICES
APRIL 28, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1675.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1870.00 Sunflower Exp.Ref. 1920.00 Cottonseed(Refined) 1680.00 Refined Palm Oil 1575.00 Soyabean Ref. 1610.00 Imp.Soyabean Crude - Rapeseed Ref. 1560.00 Rapeseed Exp. 1530.00 Copra white 1530.00 Rice Bran 4-7% FFA - Rice Bran 1400.00 Linseed 1550.00 [...]
Sterlite Technologies Q4 Results: Consolidated net loss at Rs 22 cr
Broadband technology firm Sterlite Technologies on Thursday reported a consolidated loss of Rs 22.44 crore in the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 124 crore in the same period a year ago. The revenue from operations of Sterlite Technologies (STL) grew by 7.2 per cent to [...]
56 autonomous bodies in J-K, Ladakh have not submitted accounts for audit for past many decades: CAG
Jammu, Apr 28 (PTI) The Jammu Development Authority is among 56 autonomous bodies in Jammu and Kashmir, and Ladakh that has not submitted accounts for audit for the past many decades, the Comptroller and Auditor General (CAG) of India has said, noting that the delay in finalisation of accounts entails the possibility of “fraud” and [...]
Healthium Medtech conferred with ‘India Medical Device Award’ as Runner-Up in the ‘India Medical Device Leader of the Year’ category by the Ministry of Chemicals & Fertilizers, Government of India
• Receives recognition for pivotal role in building self-reliance through overall performance, export contribution, focus on R&D and COVID support. • Award presented by Hon'ble Minister of State for Chemicals & Fertilizers, Shree Bhagwanth Khuba at the 7th Annual India Pharma and India Medical Device Awards. NEW DELHI, April 28, 2022 /PRNewswire/ -- Healthium Medtech [...]
Most Indians keen to travel abroad in next six months: Survey
New Delhi, Apr 28 (PTI) As COVID-19 related international border restrictions gradually ease over recent months, Indian travellers are planning their next trip abroad with almost three-quarters of respondents looking to do so in the foreseeable future, according to a survey by online accommodation platform Airbnb. A vast majority of Indians surveyed, 75 per cent, [...]
Toyota Kirloskar Motor reaches 20 lakh units cumulative wholesales milestone
New Delhi, Apr 28 (PTI) Toyota Kirloskar Motor (TKM) on Thursday said it has reached the 20 lakh units cumulative wholesales milestone ever since its inception in India. The company, which started production in the country in December 1999, said it achieved the feat in April 2022, while handing over a new Glanza hatchback at [...]
Bajaj Finserv Q4 Results: Consolidated net profit surges 38% to Rs 1,346 cr
Bajaj Finserv Ltd (BFS) on Thursday reported a 37.5 per cent rise in its consolidated net profit to Rs 1,346 crore for the quarter ended March 2022. BFS, the holding company of various financial businesses under the Bajaj group, had reported a net profit of Rs 979 crore in the year-ago period. Its consolidated total [...]
Parimatch News Ropes in Dinesh Karthik as its Brand Ambassador
New Delhi, Delhi, India (NewsVoir) In a major announcement and with perfect timing, just as the eyes of the cricket world are glued on the Indian Premier League 2022, Parimatch News - a sports, e-sports and entertainment outlet that is dedicated to producing high-quality sports coverage and cutting-edge analytics for all sports fans across India [...]
Rajora Entertainment launches Rajora Music
28th April 2022, Mumbai - Rajora Entertainment launches a musical vertical "Rajora Music" with their maiden venture , a qawwali by Sabri Brothers “AJMER KI GALI”, featuring Sara Khan and Mrunal Jain, produced by Karan Rajora and Bachchan Tamar, Co -Produced by Habib A Sheikh, Azra Syed, Rahul Gaikwad, Satish Kanwal- CEO Rajora Entertainment, Casting [...]
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