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Defence stock jumps 5% after signing MoU with US based company for defence equipments
Defence stock engaged in shipbuilding, ship servicing/repair, marine engineering and many more jumped upto 5 percent in the day’s trade upon signing an MoU with a US-based firm for expansion purposes. Price Action With a market capitalization of Rs. 35,832 Crores, the shares of Cochin Shipyard Limited were trading at Rs. 1,362 per equity share, [...]
Solar stock jumps 4% after receiving order from Aarvee Denim for rooftop solar
This Midcap Solar stock which deals in solar EPC specializing in solar rooftop systems for residential and industrial solar power plants and ground-mounted solar power plants is up by 4 percent in the day’s trade after the company received an order from Aarvee Denim for commissioning Solar Roof Top worth Rs. 2.84 crore. Price Action [...]
PSU bank stocks with NIM of up to 4% to add to your watchlist
Public Sector Undertakings (PSU) banks in India are government-owned banks where the majority stake is held by the Ministry of Finance. These banks play a significant role in the country's financial sector. The Net Interest Margin is one of the metrics that signifies the profitability, efficiency, and performance of a bank by measuring and comparing [...]
Stock with high growth to keep on your radar after it plans to enter defence sector
The shares of a prominent player in the industrial sector hit a 2 percent upper circuit on NSE to reach an intraday high at Rs. 729.55 during the trading session of Monday. Stock Performance: With a market capitalisation of Rs. 810 crores, the shares of Tembo Global Industries Limited opened at Rs. 729.55 on NSE, [...]
Stocks to benefit after PM Modi plans to expand renewable energy capacity in India by 2030
Indian renewable energy stocks can benefit significantly from G20 renewable energy goals by 2030, as the country aims to achieve 500 GW of renewable energy capacity from the current 200 GW. With an ambitious commitment to improve energy efficiency and promote sustainable practices, companies in the renewable sector are likely to see substantial growth and [...]
Stocks to Buy: Adani Ports, and 5 other stocks to buy now for an upside of up to 85%
The Indian Benchmark Indices closed in green on Friday with the Sensex gaining around 1,961.32 points ending the week at 79,117.11 and the Nifty 50 index gaining around 557.35 points ending the week at 23,907.25. In the last five trading sessions, the Sensex grew by approximately 1.64 percent while the Nifty 50 index grew by [...]
3 Infra stocks that have reduced their debt by up to 40% to keep in your watchlist
Several infrastructure stocks have made significant strides in reducing their debt levels, enhancing their financial stability, and positioning themselves favorably in the market. This strategic move not only improves their balance sheets but also makes them attractive options for potential investors. Here are three such companies which have reduced their debt to a great extent: [...]
Stocks under ₹250 held by Dolly Khanna with high piotroski score up to 8 to look out for
Dolly Khanna is a prominent Indian investor known for her strategic investments in the stock market. With a keen eye for value, she has successfully built a substantial portfolio, focusing on small and mid-cap companies. Her investment approach emphasizes thorough research and long-term growth potential. As per the latest corporate shareholdings filed, Dolly Khanna publicly [...]
Top 3 Thematic Mutual Fund that grew over 60% in just a year
Thematic mutual funds have gained popularity among investors for their focused approach to specific sectors or themes, offering the potential for high returns. These funds align their investments with trends like technology, green energy, or healthcare, allowing investors to capitalize on emerging opportunities. Over the past year, certain thematic mutual funds have delivered extraordinary returns, [...]
Waaree Energies: Revenue split of Waaree Energies from each of its business segments
India's solar industry is poised for continued growth, driven by its vast potential for solar energy production, policy support, and increasing demand for clean energy solutions. About the Company Waaree Energies Limited is the largest solar PV modules manufacturer in India. It has a wide product portfolio of solar energy products that consists of Multicrystalline [...]
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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
JAIN University Continues its Winning Streak on Day Five of the Khelo India University Games (KIUG) 2021
Bengaluru, Karnataka, India (NewsVoir) • Siva Sridhar of JAIN University bags 5th medal by creating a new record in Men’s 100m Butterfly, clocking 52.26 seconds • JAIN University leads the medal tally with a total of 16 medals The fifth day of the second edition of Khelo India University Games (KIUG), hosted by JAIN University [...]
Persistent to hit USD 1 bln annual revenue rate in FY23, to hire 3,000 freshers
Mumbai, Apr 28 (PTI) Mid-tier IT company Persistent Systems is set to achieve its long-held aspiration of the yearly revenue rate touching USD 1 billion by the September 2023 quarter, a top official said on Thursday. The Pune-headquartered company posted a 42 per cent jump in revenue to USD 217 million in the March quarter, [...]
P&G Hygiene and Health Care Q3 Results: Net profit rises 4.6% to Rs 102.85 cr
Procter & Gamble Hygiene and Health Care Ltd on Thursday reported a 4.59 per cent increase in its net profit to Rs 102.85 crore for the third quarter ended March 2022. The company, which follows July-June financial year, had posted a net profit of Rs 98.33 crore in the corresponding period last year, Procter & [...]
Avas Wellness, Leading Alibaugh’s Luxury Home Segment
Alibaugh, Maharashtra, India (NewsVoir) The tranquillity of Alibaugh and the quick commute from the city made the coastal hamlet the ideal choice for Avas Wellness to set up its boutique operations. Forecasted to be the destination of choice in India, one can expect new state-of-the-art hospitals, International Schools, the Trans Harbour Link, a slew of [...]
Maha stares at Rs 30,000 crore revenue loss if GST compensation not extended
Mumbai, Apr 28 (PTI) If the Centre does not extend the GST compensation from July this year, Maharashtra, which pays the maximum taxes, will lose Rs 30,000 crore annually, a senior official of the state finance department has said. The Goods and Services Tax (GST) Act guarantees states bi-monthly compensation for any loss of revenue [...]
PEPPER COPRA CLOSING RATE
MUM PEPPER COPRA OPENING RATE MUMBAI, APR 28 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 9600 COPRA OFFICE KOZIZODE 9400 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 13500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1850 T.P ------------ PTI MUM [...]
Google signs MoU with Telangana govt to bring benefits of digital economy to youth, women entrepreneurs
Hyderabad, Apr 28 (PTI) Google on Thursday signed a Memorandum of Understanding with the Telangana government to bring benefits of digital economy to youth and women entrepreneurs, and also kicked off the ground-up development of its three million square foot building in the city. The MoU was exchanged in the presence of Telangana IT and [...]
Bank of Maharashtra Q4 Results: Consolidated net profit rises 115% YoY
State-owned Bank of Maharashtra on Thursday reported an over two-fold increase in its consolidated net profit at Rs 355 crore in the quarter ended March, helped by a fall in the bad loan proportions, thus requiring lesser provisioning. The Pune-based lender had posted a net profit of Rs 165.23 crore in the year-ago period. Total [...]
Kamal Nath asks MP govt to reduce VAT on petrol and diesel
Bhopal, Apr 28 (PTI) Senior Congress leader Kamal Nath on Thursday said the BJP government in Madhya Pradesh should pay heed to what the Centre says and cut VAT on fuel to provide relief to the people of the state. Flagging higher fuel prices in many opposition-ruled states, Prime Minister Narendra Modi on Wednesday urged [...]
5Paisa Capital Q4 Results: Profit after tax drops 25% to Rs 4.64 cr
5Paisa Capital has reported a 25 per cent decline in profit after tax (PAT) to Rs 4.64 crore for the three months ended March 2022. It had posted a net profit of Rs 6.21 crore in the same quarter of the preceding fiscal, as per a statement. The income rose by 77 per cent to [...]
Cashfree Payments continues to lead bulk disbursals in India with over 50% market share
• Cashfree Payments' bulk disbursal product Payouts grows by more than 100% in FY22 • Peak processing at over 1000 Payouts per second • Merchants from e-commerce and financial services sectors leading the growth BENGALURU, India, April 28, 2022 /PRNewswire/ -- Leading payments and API banking solutions company, Cashfree Payments, today announced that it continues [...]
BHEL, GE Power Conversion ink pact to develop integrated electric propulsion systems for Indian Navy
New Delhi, Apr 28 (PTI) State-run engineering firm Bharat Heavy Electricals Ltd (BHEL) has inked a pact with GE Power Conversion for the development of integrated electric propulsion systems for the Indian Navy. "The signing of a Memorandum of Understanding (MoU) between BHEL and GE Power Conversion has provided a boost to the indigenous capability [...]
Rakesh Jhunjhunwala Portfolio: Brokerages see an upside in these stocks
Indian Hotels Limited Motilal Oswal has maintained a buy rating on this multibagger stock that is owned by ace investor Rakesh Jhunjhunwala. A Tata Group hospitality firm, Indian Hotels Limited recently reported a consolidated net profit of ₹ 71 crores in the fourth quarter and revenue from operations of ₹ 872 crores. In a note, [...]
Fintech platfrom FidyPay partners Yes Bank to push financial inclusion
New Delhi, Apr 28 (PTI) Fintech API platform for FidyPay on Thursday said it has partnered with Yes Bank, a move that will extend the digital facilitation to a wide range of businesses, including SMEs, Fintechs, and start-ups. As part of the alliance, FidyPay will be enabling a seamless connected banking experience to Yes Bank's [...]
Crude oil futures gain on spot demand
New Delhi, Apr 28 (PTI) Crude oil prices on Thursday rose by Rs 11 to Rs 7,798 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 11 or 0.14 per cent at Rs 7,798 per barrel in 4,764 [...]
Guar gum futures ease on low demand
New Delhi, Apr 28 (PTI) Guar gum prices on Thursday fell by Rs 26 to Rs 12,603 per five quintals in the futures market as traders offloaded their holdings in line with weak trend in spot market. On the National Commodity and Derivatives Exchange, guar gum for May delivery declined by Rs 26 or 0.21 [...]
Guar seed futures rise on spot demand
New Delhi, Apr 28 (PTI) Guar seed prices on Thursday rose by Rs 15 to Rs 6,354 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed contracts for May delivery increased by Rs 15 or [...]
India developed ties with Russia as US couldn’t do it earlier: Blinken
Washington, Apr 28 (PTI) India built its partnership with Russia out of necessity as America was not in a position to do that earlier, US Secretary of State Antony Blinken has told a Congressional hearing, underlining that Washington is now investing in that effort. Blinken, during a Congressional hearing by the Senate Appropriations Subcommittee on [...]
Roche Diabetes Care and Fitterfly Partner to Improve Outcomes
Launches a 90-Day Diabetes Management programme for People with Type 2 Diabetes MUMBAI, India, April 28, 2022 /PRNewswire/ -- Roche Diabetes Care India (RDC) and Fitterfly Healthtech, India's leading Digital Therapeutics (DTx) company have partnered to co-create a 90-day diabetes management programme for people with type 2 diabetes. This programme is aimed at enhancing therapy [...]
Microtek records Rs 1,700 cr turnover in FY22
New Delhi, Apr 28 (PTI) Power products marker Microtek International on Thursday said it has recorded a turnover of Rs 1,700 crore for the financial year ended on March 31, 2022, registering a growth of 26 per cent. The home-grown firm has now set a growth target of over 50 per cent for the current financial [...]
Khetibuddy goes prime on the home gardening experience with launch of its premium subscription and training courses
PUNE, India, April 28, 2022 /PRNewswire/ -- The thought of stocking up veggies is one of the first thoughts that crosses anybody's mind when a Lockdown is announced. This just reiterates the need as a society to move towards self-sustainability. A year back, Khetibuddy Agritech a Pune-based agritech startup had launched its free gardening app [...]
Net zero by 2050 will hit a major timing problem technology can’t solve. We need to talk about cutting consumption
Kensington (Australia), Apr 28 (The Conversation) Many climate activists, scientists, engineers and politicians are trying to reassure us the climate crisis can be solved rapidly without any changes to lifestyle, society or the economy. To make the vast scale of change palatable, advocates suggest all we have to do is switch fossil fuels for renewable [...]
DPIIT plans to empanel retired officials to conduct departmental inquiries
New Delhi, Apr 28 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) plans to empanel retired officials for conducting departmental inquiries. According to an office memorandum, the department "proposes to prepare a panel of retired officers to be considered for appointment as inquiry officer for conducting inquiry against officers of this department as [...]
Sikkim seeks US investments in tourism, agriculture, livestock products
New York, Apr 28 (PTI) Sikkim is inviting US investors and companies to explore business opportunities in the sectors of tourism, agriculture, horticulture, and livestock products in the state. Sikkim’s Minister of Agriculture and Horticulture, Animal Husbandry and Veterinary Services Departments Lok Nath Sharma is currently on a visit to the US for discussions with [...]
Will the Indonesian ban on Palm oil help Adani Wilmar and Ruchi Soya?
Indonesia, the world’s largest exporter of palm oil, had announced a ban on its exports from April 28, 2022. Oil prices are already on the boil amid the Russia -Ukraine war and this ban will push the prices of edible oils higher. While the ban will pinch the pockets of many people, the rise in [...]
Vector Consulting Group, India’s Leading Supply Chain Management Consultant Launches the Second Edition of the Business Novel ‘Apparent in Hindsight’
Mumbai, Maharashtra, India (NewsVoir) • The book highlights the problems faced by most of the auto components manufacturers that are supplying the material to OEMs and aftermarket. • A must-read for the MDs, CEOs, CXOs, Plant heads, Supply Chain Heads, Operations Heads of the automobile sector, and others After the success of its first business [...]
Radisson plans to add 100 hotels in India by 2025: CEO Federico Gonzalez
Manila, Apr 28 (PTI) Radisson Hotel Group plans to add 100 hotels in India by the end of 2025 as part of its ambitious plans for expansion in the Asia-Pacific region, according to its CEO Federico Gonzalez. “In India, we should surpass 100 hotels this year. If I look at India, I don’t know why [...]
JGU features in the Times Higher Education Impact Rankings 2022, First and Only Social Sciences University in India to be Ranked
Stockholm/Sonipat, April 28, 2022: For the first time in its institutional history, O.P. Jindal Global University (JGU) has been ranked among the world’s best universities in the 2022 edition of the prestigious Times Higher Education (THE) Impact Rankings, which measure success of global universities in delivering the United Nations’ Sustainable Development Goals (SDGs). JGU is [...]
G Square Group announces “G Square Industrial Estate”: A 400 Acres Industrial Park in Arakkonam
Chennai (Tamil Nadu) [India], April 28: G Square Groupone of the largestreliable realtor and Tamil Nadu’s No. 1 real-estatebrandrecently announced their new industry-based project by the name of “G Square Industrial Estate”. G Square Group has a lot of experience in this sector and has already delivered close to 1000 acres of industrial land to [...]
MUM BULLION OPENING RATES
BULLION OPENING RATE MUMBAI, APRIL 28 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 63991.00 STANDARD GOLD (99.5) : 51059.00 PURE GOLD (99.9) : 51264.00 ---------------- PTI MUM SSB SSB SSB
Govt survey shows rising trend in organised sector employment: Bhupender Yadav
New Delhi, Apr 28 (PTI) As many as 3.14 crore workers were employed in nine industries in the December quarter of 2021, indicating a rising trend in employment in the organised sector, according to a Labour Bureau survey. In the September quarter of 2021, the number of workers stood at around 3.10 crore. The Ministry [...]
PUMA & Cricketer KL Rahul Launch 1DER’s SS22 Collection With a Digital Film
~KL Rahul reinterprets PUMA Cat logo~ ~KL Rahul and PUMA Cat in a cool frat boys themed Campaign film~ National, April 28, 2022: 1DER, the collaboration brand between PUMA and cricketer KL Rahul, that curates refreshing street-inspired apparel for fashion-forward youngsters, has launched a new collection that spotlights all kinds of chill. With KL Rahul [...]
Indian Accent to Open In Mumbai
28th April 2022: Restaurateur Rohit Khattar’s EHV has signed an agreement with Reliance Industries Limited to bring India’s most awarded restaurant, Indian Accent to Mumbai. This comes on the heels of announcing the summer opening of EHV’s forthcoming restaurant in New York, Koloman helmed by Chef Markus Glocker as well as a collaboration with Chef [...]
DBS Bank partners with Headstart and Anthill to support promising startups
Launches DBS BusinessClass foundED, a forum that celebrates modern-day founders and innovators and encourages entrepreneurship. MUMBAI, India, April 28, 2022 /PRNewswire/ -- In line with its vision to support entrepreneurs and innovators, DBS Bank India has partnered with startup venture capital fund Anthill Ventures and evangelist network Headstart Network Foundation to launch DBS Business Class [...]
Brookfield entity Sagen to pick up 31% stake in IMGC
New Delhi, Apr 28 (PTI) India Mortgage Guarantee Corporation (IMGC) on Thursday said Sagen MI Canada has agreed to acquire 31 per cent stake in the mortgage guarantee firm for an undisclosed amount. The proposed transaction will close after the receipt of statutory and regulatory approvals, IMGC said in a statement. Sagen, the largest private-sector [...]
This NIFTY Index gave more than 58% returns in a year – Check how other Index performed
The Nifty Energy index gave a return of 58.57% in the last year. In the same time period, NSE’s benchmark index (Nifty 50) gave a return of 14.62%. The Nifty Energy Index was one of the top-performing indices in the last year, as compared to other sectoral indices. Energy stocks like Reliance Industries and Adani [...]
Technicolor Creative Studios Brings the World of AVGC to Bengaluru GAFX 2022
Bengaluru, Karnataka, India (NewsVoir) Technicolor Creative Studios (TCS), a pioneer in the animation, gaming, and VFX sector, will bring its expertise and thought leadership to the upcoming Bengaluru GAFX 2022 - India’s premier event on Animation, Visual Effects, Gaming and Comics (AVGC). Bengaluru GAFX 2022 is scheduled for 28 & 29 April 2022 at The [...]
SBI DIRECT EXCHANGE RATES
MUMBAI, APRIL 28, (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 75.85 77.35 75.79 77.51 EUR/INR 79.26 82.00 79.20 82.16 GBP/INR 94.36 97.43 94.28 97.62 JPY/INR 58.18 60.04 58.13 60.16 [...]
RBI-MONEY MARKET OPERATIONS
Mumbai, 28 (PTI) Money Market Operations as on April 26, 2022 (Amount in ? crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment 498,602.48 3.74 0.30-5.80 I. Call Money 10,377.57 3.63 2.30-3.95 II. Triparty Repo 368,925.80 3.78 3.70-3.83 III. Market Repo 119,274.11 3.59 0.30-3.95 IV. Repo in [...]
MUM PEPPER COPRA OPENING RATES
MUM PEPPER COPRA OPENING RATE MUMBAI, APR 28 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 9600 COPRA OFFICE KOZIZODE 9400 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 13500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1850 T.P ------------ PTI MUM [...]
India’s small towns hotbeds of entrepreneurship: OYO CEO Ritesh Agarwal
India's small towns have now become the hotbed of entrepreneurship fuelled by the aspirations of the young population and these, along with the scaling up of small businesses will play a key role in creating many unicorns in the country through the startup ecosystem, OYO Founder and Group CEO Ritesh Agarwal said on Thursday. Speaking [...]
Indian-Americans launch new video platform to screen movies, hold mega shows
Washington, Apr 28 (PTI) A group of Indian-American entrepreneurs have announced the launch of an online platform which transcends the border of regular video conference towards screening of online movies to hosting political rallies, town halls and concerts which can be accessed by up to 30,000 people at the same time. Christened “We Must Meet” [...]
HUL shares jump over 4% on higher quarterly earnings
Shares of Hindustan Unilever Ltd on Thursday gained over 4 per cent after the FMCG major reported a higher consolidated net profit for the fourth quarter ended March. The stock jumped 3.99 per cent to Rs 2,230 on the BSE. On the NSE, it climbed 4.28 per cent to Rs 2,237 apiece. On Wednesday, the [...]
Indian Hotels shares climb nearly 6 pc post Q4 earnings
New Delhi, Apr 28 (PTI) The stock of Indian Hotels Company Ltd (IHCL) jumped nearly 6 per cent in morning trade on Thursday after the company reported a consolidated net profit of Rs 71.57 crore for the fourth quarter ended March 31, 2022. Shares of the company rallied 5.82 per cent to Rs 249.60 at [...]
Bajaj Auto shares decline over 2% after Q4 earnings
Shares of Bajaj Auto dipped over 2 per cent in early trade on Thursday after the company reported a 2 per cent decline in consolidated net profit for the fourth quarter ended March 2022. The shares of Bajaj Auto declined 2.58 per cent to Rs 3,804.80 on the BSE. At the NSE, the stock dipped [...]
DR. VIJAY SHETTY CREATES AN ALTERNATIVE TO X-RAY EXAMINATION
The procedure, named 'Shetty Test' after its creator, could change the way suspected fractures are treated MUMBAI, India, April 28, 2022 /PRNewswire/ -- While X-ray examinations are a helpful way to uncover ankle injuries, its indiscriminate use might be exposing lakhs of patients to unnecessary radiation. For 85% of patients who don't have fractures and [...]
Mahindra Lifespace shares rally nearly 8 pc after earnings announcement
New Delhi, Apr 28 (PTI) Shares of Mahindra Lifespace Developers Ltd jumped nearly 8 per cent in morning trade on Thursday, after the company reported a consolidated net profit of Rs 154.5 crore for the last fiscal. The stock gained 6.17 per cent to Rs 392.60 on the BSE. At the NSE, it rallied 7.66 [...]
Mahindra Lifespace FY22 profit at Rs 154.5 cr
Realty firm Mahindra Lifespace Developers Ltd on Wednesday reported a consolidated net profit of Rs 154.5 crore for the last fiscal. It had posted a net loss of Rs 71.7 crore in the preceding fiscal. Its consolidated total income stood at Rs 408.2 crore in the last fiscal against Rs 187.8 crore FY21, according to [...]
Godrej Properties buys 58-acre land in Nagpur to develop housing project
New Delhi, Apr 28 (PTI) Realty firm Godrej Properties Ltd on Thursday said it has acquired a 58-acre land parcel in Nagpur to develop a residential project as part of its strategy to expand business. The company, which is part of Godrej group, did not disclose the value of this land deal. The development on [...]
India’s offset requirements major hurdle in defence trade: Ex-Pentagon official
Washington, Apr 28 (PTI) India offers huge opportunities for the US in bilateral defence trade but its offset requirements pose an enormous challenge in doing business with the country, a former top Pentagon official has told top American lawmakers. Ellen Lord, who previously served as the Under Secretary of Defence for Acquisition and Sustainment (A&S), [...]
IP protection: India among most challenging economies, says USTR
Washington, Apr 28 (PTI) India remains one of the most challenging major economies with respect to protection and enforcement of intellectual property, the office of the US Trade Representative said in a report as it decided to retain New Delhi on the Priority Watch List. In its 2022 Special 301 Report, the USTR designated seven [...]
UK ministerial ethics advisor clears Rishi Sunak on wife Akshata tax status
London, Apr 27 (PTI) An independent ministerial ethics advisor to the UK government on Wednesday cleared Chancellor Rishi Sunak of any wrongdoing over his wife Akshata Murty’s tax status and his possession of a US permanent resident's Green Card while in office.The Indian-origin finance minister had referred himself to Lord Christopher Geidt to investigate any [...]
Venture firm Bodhi Tree Systems to invest Rs 13,500 cr in Viacom18
New Delhi, Apr 27 (PTI) Bodhi Tree Systems, an investment venture of James Murdoch's Lupa Systems and Uday Shankar, ex-Chairman of Star and Disney India, will invest Rs 13,500 crore in broadcaster Viacom18 as part of a tripartite partnership with billionaire Mukesh Ambani's Reliance, to form one of the largest TV and digital streaming firms [...]
Infobeans Q4 PAT rises 74 pc to Rs 17 cr
New Delhi, Apr 27 (PTI) IT company Infobeans on Wednesday reported a 74 per cent increase in consolidated profit after tax to Rs 17.48 crore in the fourth quarter ended March 31.The company had posted Rs 10 crore profit after (PAT) in the year-ago period.Its consolidated revenue from operations grew by about 95 per cent [...]
Flipkart rejigs policy for sellers; cuts payment processing cycle
New Delhi, Apr 27 (PTI) E-commerce company Flipkart on Wednesday announced a slew of changes in its policy for sellers, including reduction in payment settlement cycle and low return cost for performing sellers. The company announced travel benefits for sellers in partnership with Cleartrip. "Our industry-first policy changes and new tech capabilities aim to empower [...]
HRTC to take Rs 110 crore loan for paying gratuity to retirees
Shimla, Apr 27 (PTI) Himachal Road Transport Corporation will take Rs 110 crore loan from banks for paying its liabilities of death-cum-retirement gratuity and leave encashment of its retirees, an official spokesperson said on Wednesday. In a meeting chaired by chief minister Jai Ram Thakur, the state Cabinet decided that the state will provide guarantee, [...]
Punjab to have fair, transparent excise policy: Minister
Ludhiana, Apr 27 (PTI) Punjab Excise and Taxation Minister Harpal Singh Cheema on Wednesday said the state government intends to formulate a fair and transparent excise policy for the state. Cheema made the remark after having consultations with licensees and other stakeholders of the liquor industry and seeking their suggestions for the state’s upcoming excise [...]
China, Russia, India, four others on US property rights ‘Priority Watch List’
Washington, Apr 27 (PTI) The United States on Wednesday placed India, China, Russia and four other countries on its annual 'Priority Watch List' for intellectual property protection and enforcement.The other countries that have been put on the list issued by the Office of the US Trade Representative are Argentina, Chile, Indonesia and Venezuela.All seven countries [...]
Hybrid working helps improve work-life balance, save money: Cisco survey
New Delhi, Apr 27 (PTI) Majority of Indian employees have expressed that hybrid working has helped them improve employee wellbeing, work-life balance, and performance, a Cisco survey report released on Wednesday said. According to the report, 91 per cent Indian employees who participated in the survey shared that hybrid working improved overall well-being for them [...]
Steel Minister to dedicate JSPL rebar mill to nation on Thursday
New Delhi, Apr 27 (PTI) Steel Minister Ram Chandra Prasad Singh will on Thursday dedicate JSPL's rebar mill located at its steel plant in Odisha to the nation.The 1.4 MTPA rebar mill is one of the world's largest rebar making unit, JSPL said in a statement on Wednesday.The minister will also visit its 2 MTPA [...]
Bajaj Auto Q4 net falls 2 pc at Rs 1,526 cr as sales drop
New Delhi, Apr 27 (PTI) Bajaj Auto on Wednesday reported a 2 per cent decline in consolidated net profit at Rs 1,526 crore in the fourth quarter ended March 2022, with sales in both domestic and export markets hit by weak demand and semiconductor shortage. The Pune-based company had reported a consolidated net profit of [...]
IG International, Aatre Green establish JV ‘IG Aatreyas’ to become leading tunnel system provider
Mumbai, Apr 27 (PTI) Fresh fruit importers IG International on Wednesday said it has set up a joint venture with Aatre Green - IG Aatreyas - to become the largest tunnel supplier in the tunnel system production segment. The newly formed company has set a target to reach Rs 100-crore revenue by 2024 and enter [...]
IHCL returns to black in Q4, posts Rs 71.5 cr profit
New Delhi, Apr 27 (PTI) Tata group hospitality firm, Indian Hotels Company Ltd (IHCL) on Wednesday reported a consolidated net profit of Rs 71.57 crore in the fourth quarter ended March 31, 2022. The company had posted a consolidated net loss of Rs 97.72 crore in the same period previous fiscal, IHCL said in a [...]
JSW steel to set up Rs 150-crore steel plant in South Kashmir; Apollo hospital to come up in Jammu
Jammu, Apr 27 (PTI) JSW Steel Limited and Apollo Hospitals became the first major corporations to buy land in Jammu and Kashmir after the scrapping of Article 370 in 2019 to set up their units in the region.While JSW steel limited is all set to come up with its Rs 150 crore project in south [...]
Airbus inks pact with Tata STRIVE and AASSC to give job training to youth
Mumbai, Apr 27 (PTI) European aviation major Airbus on Wednesday signed a pact with Tata STRIVE and the Aerospace and Aviation Sector Skill Council to train youths for aviation and aerospace jobs. Under the agreement, Airbus, Tata STRIVE and AASSC, with the support of NSDC and the Ministry of Skill Development and Entrepreneurship (MSDE), will [...]
Ensure technology is available in regional languages to empower people: Irani
New Delhi, Apr 27 (PTI) Industry should ensure that technology is available in regional languages to empower people, Women and Child Development Minister Smriti Zubin Irani said on Wednesday. Addressing Nasscom global inclusion summit, Irani said the government has used technology to bring transparency in the system and empower people, especially women. "We need to [...]
General insurance industry’s GDPI to grow by 10-12 pc in FY23: Report
Mumbai, Apr 27 (PTI) General insurance industry's gross direct premium income (GDPI) is expected to grow by 10-12 per cent in the current fiscal on account of rising awareness of medical insurance and improvement in economic activity, says a report. The GDPI of public sector (PSU) insurers is expected to grow moderately at 4-6 per [...]
Titan opens 100th Titan Eye+ store in Tamil Nadu
Chennai, Apr 27 (PTI) Titan Eye+, the eyewear brand of Titan Company Ltd, on Wednesday inaugurated a new outlet in the city, hitting the century milestone of total number of stores set up in the state. Spread across 1,500 square feet at Pondy Bazaar (Sir Thiyagaraya Road), the popular shopping destination in the city, the [...]
Sanctions can have unintended consequences in interconnected world: Sitharaman
Washington, Apr 27 (PTI) Finance Minister Nirmala Sitharaman has said that in an interconnected world, sanctions can have unintended consequences, and India is trying to work through them.Economic sanctions imposed on Russia by the US and European Union following the invasion of Ukraine in February this year have led to a fall in bilateral trade [...]
Govt approves Rs 60,939 crore subsidy for P&K fertilisers for Apr-Sep period
New Delhi, Apr 27 (PTI) The government on Wednesday approved a subsidy of Rs 60,939.23 crore for phosphatic and potassic fertilisers, including DAP, for the first six months of this fiscal as part of efforts to provide soil nutrients to farmers at an affordable price. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved [...]
Will take up MSMEs’ suggestion to raise turnover cap for small units to PM, finmin: Narayan Rane
New Delhi, Apr 27 (PTI) Union Minister Narayan Rane on Wednesday said he will take up the suggestion of MSME associations to raise the turnover limit for classifying 'small' enterprises to Rs 100 crore with the prime minister and the finance ministry. As per the existing classification of MSMEs, a unit is categorised as a [...]
Nepal imposes ban on imports of luxurious items to save foreign currency
Kathmandu, Apr 27 (PTI) Nepal has formally banned the import of cars and other luxurious goods, including whisky and tobacco and have introduced two public holidays, citing a liquidity crunch and declining foreign exchange reserves, despite government assurances that the economy will not go into a tailspin like Sri Lanka.Since July 2021, Nepal has seen [...]
Sanctions can have unintended consequences in interconnected world: Sitharaman
Washington, Apr 27 (PTI) Finance Minister Nirmala Sitharaman has said that in an interconnected world, sanctions can have unintended consequences, and India is trying to work through them.Economic sanctions imposed on Russia by the US and European Union following the invasion of Ukraine in February this year have led to a fall in bilateral trade [...]
Dialogue panel floats idea to open cloud kitchen clusters in Delhi industrial areas
New Delhi, Apr 27(PTI) Delhi government think-tank DDC on Wednesday mooted the idea of setting up cloud kitchen clusters in industrial areas providing them various operational benefits, said an official statement. Addressing a stakeholders' meet, Dialogue and Development Commission(DDC) Vice Chairman Jasmine Shah said the Delhi government is very hopeful about the growth potential of [...]
Govt says LIC share sale right-sized to make it sail through
Mumbai, Apr 27 (PTI) The government on Wednesday said the share sale of LIC has been trimmed to Rs 20,557 crore to "right-size" it so as not to crowd out capital inflow to the market given the present constrained sentiment, and insisted that the issue is value accretive for all, especially for retail investors. Announcing [...]
Hero MotoCorp ties up with Directorate of Indian Army Veterans
Mumbai, Apr 27 (PTI) Two-wheeler maker Hero MotoCorp on Wednesday said it has partnered with the Directorate of Indian Army Veterans and has handed over its retro-fitted Destini 125 scooters to the soldiers who were disabled while in service. These retro-fitted scooters -- supported by two auxiliary wheels in the rear -- have been customised [...]
Bajaj Auto Q4 net dips 2 pc at Rs 1,526 cr as sales drop
New Delhi, Apr 27 (PTI) Bajaj Auto on Wednesday said its consolidated net profit declined by 2 per cent to Rs 1,526 crore in the fourth quarter ended on March 31, 2022, on account of lower sales in both domestic and export markets. The company's total two-wheeler and commercial vehicle sales declined by 17 per [...]
NEC sanctions Rs 2.03cr for modernisation of Tripura tea estate
Agartala, Apr 27 (PTI) The North Eastern Council (NEC) has sanctioned Rs. 2.03 crore for the modernisation of Brahmakunda tea estate in West Tripura district, Tripura Tea Development Corporation (TTDC) chairman Santosh Saha said.The state government had sent three proposals to the NEC for the modernisation of Durgabari tea estate and Brahmakunda tea estate and [...]
HUL posts over 5% growth in Q4 profit, becomes Rs 50K cr FMCG company
New Delhi, Apr 27 (PTI) FMCG major Hindustan Unilever Ltd on Wednesday reported a 5.34 per cent increase in its consolidated net profit to Rs 2,307 crore for the fourth quarter ended in March 2022 despite flat volume growth due to unprecedented inflation. Moreover, HUL has now become a Rs 50,000 crore turnover company and [...]
5 things to keep in mind while applying for Overseas Education
Pursuing higher education abroad is a dream for millions of students. However, it is a difficult choice for both students and parents to Study Abroad or not. GoToUniversity addresses these dilemmas by listing five important factors to keep in mind while deciding your study program and university. 1. Eligibility & Requirements: A lot of students [...]
Chetan Shivram on Yokohama Tyres gets podium position
INRC 2022- Round 1 – South India Rally New Delhi - April 27, 2022: The 45th South India Rally, organised by the Madras Motor Sports Club, was held at the MMRT circuit in Sriperumbudur, about 35 kms from Chennai, from April 22 to 24. This event was also the first round of the FMSCI Indian [...]
BPCL, HPCL walk away with city gas licenses in latest bid round
New Delhi, Apr 27 (PTI) State-owned Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have bagged two licenses each for retailing CNG to automobiles and piped cooking gas to households in the latest bid round, regulator PNGRB said on Wednesday.Seven companies had put in 21 bids for city gas licences in five [...]
NX India Builds and Donates School Building in Karnataka State
TOKYO, Apr. 27 2022 /Kyodo JBN-AsiaNet/ -- Nippon Express (India) Private Limited (hereinafter "NX India"), a company of the Nippon Express Holdings, Inc. group, has recently completed construction of a school building on the premises of the Government Kannada Boys Model School as part of its long-standing commitment to CSR activities. The building was donated [...]
Rajasthan govt to organise investor summit in Oct
Jaipur, Apr 27 (PTI) The Rajasthan government will organise the 'Invest Rajasthan-2022' summit in October to attract investments in the state. Industries Minister Shakuntala Rawat has expressed hope that this conference will attract investment of more than Rs 10 lakh crore across the state.Rawat on Wednesday held a review meeting with the departmental officers at [...]
Union Cabinet clears additional funding of Rs 820 crore for India Post Payments Bank
New Delhi, Apr 27 (PTI) The Union Cabinet on Wednesday approved an additional funding of Rs 820 crore for India Post Payments Bank (IPPB) that will be utilised for expansion of its services to all post offices in the country. Briefing the media, Union Minister Anurag Thakur said that out of the little over 1.56 [...]
Glenmark receives the ‘India Pharma Innovation of the Year’ Award from the Government of India
• Glenmark won the ' Indian Pharma Innovation of the Year' award for the second year in a row.• Glenmark was also adjudged runners-up in the 'India Pharma CSR of the Year' category.• The prestigious award was conferred by the Department of Pharmaceuticals (DoP), Ministry of Chemicals & Fertilizers.• The Award recognizes Glenmark's multiple patents [...]
ONGC inks MoU with Norway’s Equinor for E&P, clean energy
New Delhi, Apr 27 (PTI) State-owned Oil and Natural Gas Corporation (ONGC) on Wednesday said it has signed a pact with Norwegian energy giant Equinor ASA for collaboration in oil and gas exploration and production as well as clean energy projects.The memorandum of understanding (MoU) was inked on April 26, the company said in a [...]
Bajaj Finance shares tumble over 7%; mcap falls by Rs 31,727 cr
New Delhi, Apr 27 (PTI) Shares of Bajaj Finance on Wednesday tumbled over 7 per cent even after the company reported its highest-ever consolidated net profit for the quarter ended March. The stock tanked 7.24 per cent to end at Rs 6,716.65 on the BSE. During the day, it plunged 7.60 per cent to Rs [...]
Bajaj Allianz Life gross written premium rises 34% to Rs 16,127 cr in FY22
New Delhi, Apr 27 (PTI) Bajaj Allianz Life Insurance Company has registered over a 34 per cent rise in its gross written premium to Rs 16,127 crore in fiscal 2022.The life insurer had reported a gross written premium of Rs 12,025 crore in FY2021.The company's renewal premium witnessed a growth of 22.4 per cent in [...]
Bajaj Auto Q4 Results: Consolidated net profit dips 2%
Bajaj Auto on Wednesday said its consolidated net profit declined by 2 per cent to Rs 1,526 crore in the fourth quarter ended on March 31, 2022. The Pune-based company had reported a consolidated net profit of Rs 1,551 crore in the January-March quarter of 2020-21. Total revenue from operations declined to Rs 7,975 crore [...]
Govt approves Rs 60,939 crore subsidy for P&K fertilisers for Apr-Sep period
New Delhi, Apr 27 (PTI) The government on Wednesday approved a subsidy of Rs 60,939.23 crore for phosphatic and potassic fertilisers, including DAP, for the first six months of this fiscal as part of efforts to provide soil nutrients to farmers at an affordable price. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved [...]
Aerospike Unveils Database 6
First Real-time Data Platform to Deliver Native Support for JSON Document Models at Predictable Sub-Millisecond Performance at Unlimited Scale Bangalore, Karnataka, India – Business Wire India • Massively Parallel Secondary Indexes for Complex SQL Queries • Support for Large Document Data Models from Gigabyte to Petabyte Scale • New Batch API Support for Heavy Writes [...]
Atrangii – A New Hindi General Entertainment Television Channel by Vibhu Agarwal
The Channel will Launch in the First Week of June and Mark the Company’s Foray into the Broadcasting Space Mumbai, Maharashtra, India – Business Wire India Vibhu Agarwal, a renowned name in the OTT industry, today announced the launch of its new Hindi GEC, Atrangii - DekhteRaho. The channel will launch in the first week [...]
Jones Knowles Ritchie Helps Magnolia Bakery Bring their Magic to Your Door
The new brand identity will unify the bakery experience, online ordering, and delivery Bangalore, Karnataka, India (NewsVoir) Since 1996, Magnolia Bakery has been one of America’s most cherished bakeshops, setting the standard for delightful and delectable desserts. Today, the iconic institution is making moves to future-proof the business and transform from a “New York treat [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 27 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 65,234.00 65,277.00 STANDARD GOLD (99.5) : 51,660.00 51,542.00 PURE GOLD (99.9) : 51,868.00 51,749.00 -------------------- PTI MUM SSBSSB SSB
HDFC AMC Q4 Results: Profit after tax rises 8.7% to Rs 343.55 cr
HDFC Asset Management Company (AMC) on Wednesday reported an 8.7 per cent growth in profit after tax (PAT) to Rs 343.55 crore in the quarter that ended in March 2022. In comparison, the company had posted a PAT of Rs 316.08 crore in the same quarter of the preceding fiscal, the asset management firm said [...]
S Sivagurunathan elected president of CREDAI Chennai chapter
Chennai, Apr 27 (PTI) S Sivagurunathan, who heads realty firm Asvini Foundations, was elected as the President, CREDAI Chennai, the realtor body said on Wednesday. The Confederation of Real Estate Developers' Association of India (CREDAI) is the apex body of the real estate industry. Chennai Metropolitan Development Authority (CMDA) Member Secretary Anshul Mishra was the [...]
Safety, hygiene top priority for inter-city bus travellers: Survey
New Delhi, Apr 27 (PTI) Safety and hygiene are of utmost importance for people travelling from one city to another amid the COVID-19 pandemic, as per a survey conducted by leading mobility platform IntrCity.The platform conducted the study to understand Indian travellers' behaviour and preferences while travelling inter-city.The results illustrate that with long due vacations, [...]
Advance Bookings for Tiger Shroff’s Heropanti 2 Escalate at Full Swing Ahead its Release
Action masala movies are ruling the roost and Heropanti 2 is all set for a blockbuster opening. Here’s a detailed report Mumbai, Maharashtra, India (NewsVoir) Tiger Shroff’s Heropanti 2 is expected to work its magic on the ticket window. The advance booking of the movie has just opened and people are queuing up to watch [...]
Disptach to launch ‘purpose-built’ e-scooter
Mumbai, Apr 27 (PTI) Electric scooter maker Disptach on Wednesday said it is looking to launch its maiden purpose-built e-scooter in the first quarter of 2023. The Dispatch e-scooter, which the company claims will be the world's first purpose-built scooter, will enable new business models with flexibility to pivot when business demands, all without replacing [...]
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