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Stocks held by Morgan Stanley with 3 years net profit CAGR of up to 70% to keep an eye on
Morgan Stanley Asia (Singapore) Pte. Ltd. is a prominent financial services provider, specializing in investment banking, securities trading, and wealth management. The firm delivers comprehensive solutions including capital raising, mergers and acquisitions advisory, and research services, catering to a diverse clientele across the Asia-Pacific region. As per the latest corporate shareholdings filed, Morgan Stanley Asia [...]
6 Stocks in which FIIs are consistently increasing their stake by up to 28% in last 4 Qtr
Foreign Institutional Investors (FIIs) increasing their holding stake in certain companies indicate a positive outlook on the company's performance, management, and prospects, thereby leading to speculation of expected future growth and upcoming changes in the company. Listed Below are some of the Financially strong and well-known stocks in which Foreign Institutional Investors have consistently increased [...]
Stocks to benefit after Govt to allocate ₹30,000 Cr for maritime development
According to Sarbananda Sonowal, the union ports, shipping and waterways minister The Indian Government is soon expected to set a Rs. 30,000 Crores to support shipbuilding and repair clusters. It is said to aid the plans of upgrading the ports sector for the next five years, which includes the development of six deep draft ports, [...]
Solar stocks with strong order book and high growth to add to your watch list
The solar energy industry is experiencing significant growth, driven by a strong order book that highlights its expanding potential. With increasing demand for renewable energy solutions, companies are seeing impressive order volumes, which reflect their strong market positions and prospects. Many firms are reporting order books worth thousands of crores, signaling solid growth opportunities ahead. [...]
₹16 to ₹1401: Stock turns ₹10,000 to ₹8.57 lakhs in just 5 Years
During the trading session of Friday, the shares of this company hit a 5 percent upper circuit at Rs. 1,401.10 on BSE. With a market capitalization of Rs. 14,187 crores, the shares of Bharat Global Developers Limited opened at Rs. 1,334.40, up by 5 percent, and hit the upper circuit, as against its previous closing [...]
Stock jumps 4% after company to foray into Nano Urea Technology
India's fertilizer and pesticide sector plays a vital role in ensuring food security, as it supports the country’s agricultural productivity. With a large and growing population, India relies heavily on efficient farming practices, where fertilizers and pesticides are essential for enhancing crop yield and protecting crops from pests and diseases. Major companies in this sector [...]
Oberoi Group stock plans expansion with pipeline of 20 properties by FY29
This Oberoi group company is into hospitality. They manage a luxury hotel portfolio and resorts across India and internationally. They are competing with Tata and other big hotels while delivering world-class hospitality services to both business and leisure travelers. The company plans to expand further into this space and by 2029 they plan to expand [...]
Cryptocurrencies that might get a seat in Trump’s crypto advisory council; Do you hold any?
Cryptocurrency, a digital or virtual form of currency that uses cryptography for security, has rapidly gained prominence in recent years. Initially viewed as a niche investment, it has evolved into a global financial force. Bitcoin, Ethereum, and other altcoins are increasingly recognized as alternative assets, drawing interest from individual investors, corporations, and even governments. Cryptocurrencies [...]
Will Gold and Silver cross ₹1,00,000 with ongoing tension and rising price on commodity?
Gold and silver, two of the most revered precious metals, have recently witnessed record price surges, reflecting their enduring significance in global markets. While gold is a symbol of wealth and stability, silver balances its role as both an industrial necessity and a reliable investment. Both metals are used by central banks as hedges against [...]
Stock jumps 4% after receiving order worth ₹12.75 Cr for vertical turbine pumps
Microcap stock engaged in manufacturing and marketing electrical and hydraulic engineering equipment, and many more jumped upto 4 percent in the day’s trade upon receiving work order worth Rs. 12.75 Crores from Megha Engineering & Infrastructures Limited. Price Action With a market capitalization of Rs. 185 Crores, the shares of Jyoti Limited were trading at [...]
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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
Times Prime Launches ‘More Every Moment’ Campaign with Mithila Palkar
New Delhi, Delhi, India (NewsVoir) Times Prime, India’s premium lifestyle membership has partnered with Mithila Palkar of Little Things and Karwaan fame for its More Every Moment Campaign. The campaign aims to spread the message of living a good life among India’s digital native modern consumers. The expression ‘More Every Moment’ is synonymous with Times [...]
Cab clears Rs 2,426 cr to upgrade 2G mobile sites in naxal-hit areas to 4G
New Delhi, Apr 27 (PTI) The Cabinet has approved upgradation of 2G mobile sites to 4G in naxal-hit areas at a cost of Rs 2,426 crore, Union Minister Anurag Thakur said on Wednesday.The project is spread across naxal-affected area in 10 states and the task has been assigned to the state-owned telecom firm BSNL."We have [...]
Govt approves Rs 60,939 cr subsidy for P&K fertilisers for Apr-Sep
New Delhi, Apr 27 (PTI) The government on Wednesday approved a subsidy of Rs 60,939.23 crore for phosphatic and potassic (P&K) fertilisers, including DAP, for the first six months of this fiscal, as part of its efforts to provide soil nutrients to farmers at an affordable price.The Union Cabinet has approved nutrient-based subsidy (NBS) rates [...]
Retail industry to see low double-digit growth in FY23: Shoppers Stop’s Venu Nair
Mumbai, Apr 27 (PTI) The retail industry is likely to witness low double-digit growth this fiscal, as footfalls into offline stores are back on track and are likely to get further momentum amid easing of pandemic-related restrictions, Shoppers Stop managing director and CEO Venu Nair said. "Overall the footfalls have come back to the pre-COVID [...]
India’s leading coding and marking technology company Control Print, eyeing revenues of 350 cr by 2024
• Control Print Limited is a 750 crores market cap company with an annual revenue of Rs 205 crores in FY 2021 • The industrial segment constitutes 65% of the business whereas the F&B and packaging space constitutes 35% of the business for CPL • The sales portfolio of CPL consists of 55% consumables (consists [...]
Furniture startup WoodenStreet raises USD 30 million
New Delhi, Apr 27 (PTI) Online furniture and home decor platform WoodenStreet on Wednesday announced that it raised around USD 30 million (Rs 230 crore) in the latest funding round led by WestBridge Capital. The investment was done at a valuation of Rs 1,200 crore and it was a mix of primary and secondary investment, [...]
Cabinet approves Rs 4,526.12 cr investment for Kwar hydro power project in J&K
New Delhi, Apr 27 (PTI) The Union Cabinet on Wednesday approved a proposal to invest Rs 4,526.12 crore to construct 540 MW Kwar hydroelectric project in Jammu & Kashmir."Cabinet has approved construction of 540 Megawatt Kwar Hydro Electric project at a cost of Rs 4,526.12 crore," Union Minister Anurag Thakur said in a briefing on [...]
TVS Motor Company Signs MoU with Rapido; Strengthening its Commitment to Hyperlocal Mobility
Hosur, Tamil Nadu, India (NewsVoir) • 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 reputed manufacturer of [...]
Cabinet approves Rs 4,526.12 cr investment for Kwar hydro power project in J&K
New Delhi, Apr 27 (PTI) The Union Cabinet on Wednesday approved a proposal to invest Rs 4,526.12 crore to construct 540 MW Kwar hydroelectric project in Jammu & Kashmir."Cabinet has approved construction of 540 Megawatt Kwar Hydro Electric project at a cost of Rs 4,526.12 crore," Union Minister Anurag Thakur said in a briefing on [...]
Centre owes Rs 26,500 cr to Maha: CM Thackeray after interaction with PM Modi
Mumbai, Apr 27 (PTI) Maharashtra Chief Minister Uddhav Thackeray on Wednesday said the Centre owed Rs 26,500 crore to the state, after Prime Minister Narendra Modi said some states did not reduce VAT on petrol and diesel despite the excise duty cut by the Union government in November last year. Thackeray also accused the Centre [...]
NEWSALERT
Cabinet approves additional funding of Rs 820 cr towards India Post Payments Bank: Union Minister Anurag Thakur. PTI NKD MJH CS MR
G Square Launches 400 Acres Industrial Park in Arakkonam
Chennai, Tamil Nadu, India (NewsVoir) • Only Affordable Industrial Park near Chennai • Industrial plots ranging from 20 to 100 acres South India's largest and most experienced land aggregator, and Tamil Nadu’s No. 1 real estate developer, who has delivered 1000 acres of industrial lands to prestigious clientele like CEAT, JK Tyres, ELGI, Murugappa, CGI, [...]
NEWSALERT
Cabinet approves upgradation of 2G mobile sites to 4G in naxal-hit areas at a cost of Rs 2,426.39 cr: Union Minister Anurag Thakur. PTI NKD MJH CS MR
NEWSALERT
Cabinet approves Rs 60,939 cr subsidy on P&K fertilizers for Kharif season till September: Union Minister Anurag Thakur. PTI NKD MJH CS MR
Embassy Group ties up with SAS Infra to develop three office projects in Hyderabad
New Delhi, Apr 27 (PTI) Realty firm Embassy Group on Wednesday said it has partnered with SAS Infra to develop three premium office projects encompassing 14 million square feet in Hyderabad."Embassy’s decision to re-enter Hyderabad marks growing confidence in its real estate landscape, buoyed by record hiring, major expansion plans by global IT, ITeS and [...]
ED attaches Rs 6.17cr of fintech firms under PMLA
New Delhi, Apr 27 (PTI) The Enforcement Directorate (ED) on Wednesday said it has attached funds worth Rs 6.17 crore of various fintech companies in a case linked to dishing out mobile-app based loans at exorbitant interest rates to gullible people during the COVID-19 crisis. A provisional order to attach the money was issued under [...]
NEWSALERT
Cabinet approves 540 MW Kwar hydro electric project in Jammu and Kashmir; to cost Rs 4,526 cr: Union Minister Anurag Thakur. PTI NKD MJH CS MR
Shares of Bajaj Finance tank despite good results; Analysts give targets
Bajaj Finance on Tuesday reported a 79.67% year on year (YoY) increase in its consolidated net profit. In the quarter ended 31 March 2022, it reported a consolidated net profit of ₹ 2,419.51 crores, as compared to ₹ 1,346.64 crores during the same period last year. The company said that this was its highest ever [...]
SOPA urges govt not to allow import of GM soybean meal
New Delhi, Apr 27 (PTI) Soybean Processors Association of India (SOPA) on Wednesday urged the government not to allow import of genetically modified soyabean meal as it will adversely impact the local processors and farmers. "We understand that the poultry industry, citing high prices of soybean meal in India, has once again requested the government [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 27 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 792.00 COPPER HEAVY SCRAPS 782.00 COPPER ARMATURE (CREDIT) 765.00 COPPER UTENSILS SCRAP 700.00 CC ROD 822.00 CC ROD (RECYCLED) 793.00 BRASS :- BRASS SHEET CUTTING 575.00 BRASS UTENSIL SCRAP 530.00 BRASS HONEY [...]
Chemicals exports touch USD 29.3 bn in 2021-22: Comm Min
New Delhi, Apr 27 (PTI) Chemicals exports have touched USD 29.3 billion in 2021-22 on account of healthy performance in areas like agrochemicals, dyes and speciality chemicals, the commerce ministry said on Wednesday.India is the sixth-largest producer of chemicals in the world, third in Asia and 14th in exports."Today, India leads in dyes production and [...]
High steel prices hurting MSME engineering exporters: Hand Tools Association
New Delhi, Apr 27 (PTI) The surge in steel prices in the domestic market is badly affecting the country's MSME engineering exporters and the government should immediately announce urgent measures to help them sustain in the global markets, Hand Tools Association said on Wednesday. Hand Tools Association President S C Ralhan said that the prices [...]
J&K Bank appoints Rajni Saraf as CFO
New Delhi, Apr 27 (PTI) Jammu & Kashmir Bank on Wednesday said it has appointed Rajni Saraf as Chief Financial Officer (CFO) with immediate effect. The decision was taken at the board meeting of the bank. "The board of directors of the bank in their meeting held on April 27, 2022, have appointed Rajni Saraf [...]
KPIT Reports FY22 Net Profit Growth of 88* Percent over FY21 and Revenue Growth of 19.7 Percent in CC Terms
Pune, Maharashtra, India– Business Wire India KPIT (NSE: KPITTECH BSE: 542651), a leading partner for developing software defined vehicles to the automotive and mobility industry announced financial results for Q4 FY 2022 and FY 2021-22 results today. Performance overview • FY22 Revenue o Reported $ Revenue Growth of 19.5%.o Volume growth of ~28% driven by [...]
Jet Freights aims five-fold increase in topline in five years
Mumbai, Apr 27 (PTI) Logistics and supply chain firm Jet Freight on Wednesday said it aims to increase the topline by five times in the next five years and has chalked out a four-pronged strategy to execute its business initiatives. Jet Freight, which claims it to be among the top three freight forwarders in India [...]
Major ports asked to build infra for ensuring zero waiting time for cargoes by 2025
New Delhi, Apr 27 (PTI) The Shipping Ministry has asked all major ports to ensure adequate infrastructure by 2025 for achieving zero waiting time for inward as well as outbound cargoes. In an office memorandum, the Ministry of Ports, Shipping and Waterways (MoPSW) noted that port capacity required in 2047 will be around six-times of [...]
Secret Haircare- Delivering a Range of Real Natural Haircare Products
BANGALORE, India, April 27, 2022 /PRNewswire/ -- Drawing from traditional ayurvedic practices, as well as locally grown ingredients, Secret Haircare dedicated itself to giving customers what they could not find in the market. Their aim is to deliver real'organic' products that actually give results, but contain no parabens, silicones, sodium lauryl sulphates or chemically harsh [...]
Adani Enterprises incorporates wholly-owned arm for media related biz
New Delhi, Apr 27 (PTI) Adani Enterprises Ltd (AEL) on Wednesday announced incorporation of its subsidiary AMG Media Networks. The wholly-owned subsidiary (WOS) will start its business operations in due course. "The company has incorporated a WOS namely, AMG Media Networks Limited on 26th April, 2022, with an initial authorized and paid-up share capital of [...]
FSS deploys its FSS Secure3D to Philippines-based Equicom Savings Bank
Chennai, Apr 27 (PTI) Integrated payments technology company FSS (Financial Software and Systems) on Wednesday said the Philippines-based Equicom Savings Bank has deployed its payment authentication solution FSS Secure3D, that can provide added security to card holders and reduce fraud risk. FSS Secure3D identifies higher risk transaction before the transaction is authorised and the solution [...]
Bruce de Broize to head Future Generali India Life Insurance
New Delhi, Apr 27 (PTI) Global insurer Generali Asia on Wednesday said it has appointed Bruce de Broize as Managing Director and Chief Executive Officer of Future Generali India Life Insurance (FGILI). The appointment follows Generali's move to consolidate its position in FGILI by completing the transaction to become the majority stakeholder. In March, Italian [...]
Anand Mahindra pitches for higher degree of participation on Twitter
New Delhi, Apr 27 (PTI) Mahindra Group Chairman Anand Mahindra on Wednesday batted for permitting a greater degree of participation and expression on Twitter, agreeing with his followers on the social media platform.He, however, said there is an urgent need for agencies and platforms that are dedicated exclusively to calling out fake news, fake posts [...]
Uniparts India files draft IPO papers with Sebi
New Delhi, Apr 27 (PTI) Engineering systems and solutions provider Uniparts India Ltd has filed preliminary papers with the capital markets regulator Sebi to raise funds through an IPO. According to the Draft Red Herring Prospectus (DRHP), the initial share sale is entirely an Offer for Sale (OFS) of 15,731,942 equity shares by promoter group [...]
Centre owes Rs 26,500 cr to Maha: CM Thackeray after interaction with PM Modi
Mumbai, Apr 27 (PTI) Maharashtra Chief Minister Uddhav Thackeray on Wednesday claimed the Centre owed Rs 26,500 crore to the state, after Prime Minister Narendra Modi said some states did not reduce VAT on petrol and diesel despite the excise duty cut by the Union government in November last year. Thackeray also accused the Centre [...]
OILSEEDS PRICES
APRIL 27, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1670.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1850.00 Sunflower Exp.Ref. 1900.00 Cottonseed(Refined) 1655.00 Refined Palm Oil 1530.00 Soyabean Ref. 1590.00 Imp.Soyabean Crude - Rapeseed Ref. 1550.00 Rapeseed Exp. 1520.00 Copra white 1530.00 Rice Bran 4-7% FFA - Rice Bran 1400.00 Linseed 1500.00 [...]
Michelin becomes first tyre maker in India to get BEE accreditation
New Delhi, Apr 27 (PTI) French tyre major Michelin on Wednesday said it has become the first tyre brand in India to be accredited with the recently introduced star labelling programme which is aimed at improving sustainability and newly introduced performance standards for tyres. Michelin X Multi Energy Z tyre has been awarded the industry's [...]
Columbus and the Danish Embassy launch Nordic Innovation Funded Digital Platform for Management of Renewable Energy for BSES Yamuna Power Limited
NEW DELHI, April 27, 2022 /PRNewswire/ -- His excellency the Danish ambassador to India, Freddy Svane today launched the 'Digital Data Platform pilot for Efficient Management of Renewable Energy', to be deployed at BSES Yamuna Power Limited (BYPL), a power distribution company in Delhi. The digital platform is developed by Columbus, a global IT services [...]
Lasa Secures Bulk Order of Rs. 500 Million
Mumbai, Maharashtra, India (NewsVoir) Lasa Supergenerics Limited, India’s Leading API Manufacturer, announced that it has secured a new order of Rs. 500 Million from just 5 customers. We are delighted to announce that with the efforts of our Marketing Team and the quality of product we offer we were able to grab the order of [...]
Lupin appoints Diana Amador-Toro as Senior VP for Global Compliance
New Delhi, Apr 27 (PTI) Drug firm Lupin on Wednesday said it has appointed Diana Amador-Toro as Senior Vice President for Global Compliance. Amador-Toro will be responsible for leading the company's global compliance function including training, internal audit, and investigations. She will be based in Lupin's Somerset office in New Jersey, USA. "Quality is one [...]
PEPPER COPRA CLOSING RATE
MUM PEPPER COPRA CLOSING RATE MUMBAI, APR 27 (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 [...]
Cabinet approves Rs 820 cr financial support for India Post Payments Bank
The Union Cabinet has approved financial support of Rs 820 crore for India Post Payments Bank, a source said on Wednesday. The support will help state-run payments bank to penetrate deeper into the country, especially in the rural area and work towards financial inclusion. "There was a proposal to provide Rs 820 crore financial support [...]
Panamax Infotech Limited Is Now a Great Place to Work-Certified™
AHMEDABAD, India, April 27, 2022/PRNewswire/ -- Panamax Infotech Limited has been Great Place to Work®-Certified in India (from March 2022 to March 2023). Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a [...]
India’s retail industry to reach USD 2 trn by 2032: Report
Mumbai, Apr 27 (PTI) As the country recovers from the pandemic, the retail industry has resumed its growth trajectory and is likely to witness 10 per cent annual growth to reach approximately USD 2 trillion by 2032, according to a report. According to a BCG-RAI report titled "Racing towards the next wave of Retail in [...]
NEWSALERT
Cabinet approves Rs 820 crore financial support for India Post Payments Bank: Source. PTI RR PRS ANZ PRS BAL BAL
Gross leasing of industrial & warehousing space in 5 cities up 11% in Jan-Mar at 6.2 mn sq ft
New Delhi, Apr 27 (PTI) Gross leasing of industrial and warehousing space rose 11 per cent across five major cities to 6.2 million square feet during January-March period, according to real estate consultant Colliers India."Activity in Grade A industrial and warehousing facilities continues to be robust during Q1 2022 with gross absorption in the top [...]
JLR launches innovation strategy to accelerate modern luxury vision
New Delhi, Apr 27 (PTI) Jaguar Land Rover (JLR) on Wednesday said it has initiated "Open Innovation strategy", to accelerate next-generation technology and sustainability to support its modern luxury vision for the business, its partners, and customers. Open Innovation will drive collaborations with start-ups, scale-ups and like-minded external organisations on electrification, connectivity, digital services, metaverse, [...]
Airtel acquires 7% stake in Cnergee Technologies
Telecom operator Bharti Airtel has acquired around 7 per cent stake in cloud-based networking solutions provider Cnergee Technologies under the Airtel Startup Accelerator Program. The stake acquisition will enable Airtel to sharpen its NaaS proposition for Small and Medium Businesses (SMBs), who are looking to accelerate their shift to cloud-based applications, Airtel said in a [...]
Crude oil futures gain on spot demand
New Delhi, Apr 27 (PTI) Crude oil prices on Wednesday rose by Rs 6 to Rs 7,875 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 6 or 0.08 per cent at Rs 7,875 per barrel in 5,580 [...]
Holcim group to sell Ambuja and ACC; has the Adani Group bought it?
Swiss cement maker Holcim Group is on a journey towards its green focus. The giant has recently acquired building solutions and products, however, it is divesting its stake in Asian countries and others such as Russia and Brazil. The board of the cement maker is about to meet next week to decide on the sale [...]
Guar seed futures rise on spot demand
New Delhi, Apr 27 (PTI) Guar seed prices on Wednesday rose by Rs 29 to Rs 6,324 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 29 or [...]
LIC sets price band at Rs 902-949 per share for Rs 21,000 cr IPO; issue opens May 4
Mumbai, Apr 27 (PTI) Country's largest life insurer LIC on Wednesday set the price band at Rs 902-949 per share for its Rs 21,000 crore initial public offering (IPO), which will open for subscription on May 4. At the upper end of the price band the government will garner around Rs 21,000 crore. With this [...]
Guar gum futures gain on spot demand
New Delhi, Apr 27 (PTI) Guar gum prices on Wednesday gained Rs 45 to Rs 12,500 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for May delivery traded higher by Rs 45 or 0.36 per cent at Rs 12,500 [...]
Licious invests USD 1 mn in fresh pet food startup Pawfectly Made
New Delhi, Apr 27 (PTI) Unicorn startup Licious, which sells meat, meat products and seafoods, on Wednesday said it has invested USD 1 million (around Rs 7.6 crore) in a Bengaluru-based fresh pet food company, Pawfectly Made. Licious had in March raised USD 150 million (about Rs 1,140 crore) in funding led by Singapore-based Amansa [...]
Pune gets its first ‘Time lapse imaging Embryoscope’ – a cutting edge technology at DPU IVF and Endoscopy Center
● Dr. Vijay Bhatkar inaugurates Time Lapse Imaging system – Embryoscope machine ● The Embryoscope machine provides advanced technology at low cost for the first time in India.● The hospital houses many other firsts - Asia’s first 3 Tesla – Vida MRI scanner, the first MRI scanner with Biometric Technology, and a Fourth Generation Da [...]
AkzoNobel India Launches Dulux Simply Refresh
A pioneering range of Do-It-Yourself (DIY) products for multiple surfaces New Delhi, Delhi, India (NewsVoir) AkzoNobel India, a leading paints and coatings company has today announced its foray into the growing Do-It-Yourself (DIY) paints category. After success in Europe, India drives the DIY phenomena for AkzoNobel as the first country in South Asia to launch [...]
Upstox strengthens leadership team with key appointments
New Delhi, Apr 27 (PTI) Digital investment platform Upstox on Wednesday strengthened its leadership team with the appointment of three senior executives. The company appointed Sudeep Ralhan as chief human resources officer, Manoj Agarwal as head of compliance and Sriram Krishnan as vice president of information security portfolio, according to a statement. "We are thrilled [...]
TVS Motor partners Rapido to expand reach in mobility, hyper-local segments
New Delhi, Apr 27 (PTI) TVS Motor Company on Wednesday said it has entered into a strategic partnership with on-demand delivery and mobility platform, Rapido, for collaboration in areas of mutual interest and commercial mobility ecosystem. As part of a Memorandum of Understanding (MoU) signed between the two partners, TVS Motor and Rapido will look [...]
Startup TeaMonk raises about Rs 4 cr from investors to expand business
New Delhi, Apr 27 (PTI) Premium tea brand TeaMonk on Wednesday said it has raised Rs 3.5 crore from investors including Inflection Point Ventures to expand in domestic and global markets. The funds raised in a pre-series A round will be utilized for domestic penetration and exploring uncharted territories in international markets, the company said [...]
Agritech startup raises Rs 29 cr from investors for growth and expansion
New Delhi, Apr 27 (PTI) Poshn, an agri-trading platform, on Wednesday said it has raised Rs 28.8 crore from investors including Prime Venture Partners for expansion and future growth. Poshn is a platform for wholesale processed commodity distribution and financing. It enables buyers and sellers of agricultural commodities to trade online. It makes wholesale trading [...]
BULLION OPENING RATE
BULLION OPENING RATE BULLION OPENING RATE MUMBAI, APRIL 27 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 65,234.00 STANDARD GOLD (99.5) : 51,660.00 PURE GOLD (99.9) : 51,868.00 -------------------- PTI MUM SSBSSB SSB SSB
Sebi amends rules to simplify procedure for transmission of securities
New Delhi, Apr 27 (PTI) With an aim to simplify the procedure for transmission of securities, Sebi has revised the existing threshold limit for simplified documents to Rs 5 lakh from Rs 2 lakh currently for securities held in physical mode per listed issuer. Also, the threshold in this regard for securities held in the [...]
NEWSALERT
LIC IPO will not crowd out capital and monetary supply in the market: Dipam secy. PTI HV DRR DRR
SBI EXCHANGE RATE
SLUG: DIRECT EXCHANGE RATES SBI BCM – ESPL/ECO/COM MUMBAI,APRIL 27,2022 (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 75.9 77.4 75.84 77.56 EUR/INR 80.19 82.98 80.12 83.14 GBP/INR 94.91 97.96 [...]
Lupin partners Yabao to market pediatric formulations in Chinese market
New Delhi, Apr 27 (PTI) Drug major Lupin on Wednesday said it has joined hands with Yabao Pharmaceutical Co Inc to meet the growing demand for quality drugs with pediatric formulations in the Chinese market. The demand for high quality pediatric medicines has been growing rapidly in China as a result of the government's support [...]
RBI MONEY MARKET OPERATION
Date : Apr 27, 2022 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 (I+II+III+IV) 487,521.82 3.72 0.01-5.80 I. Call Money 9,202.60 3.60 2.30-4.00 II. Triparty Repo 366,333.30 3.79 3.30-3.85 III. Market Repo 111,760.92 3.53 0.01-3.95 [...]
Rainbow Children’s Medicare IPO opening today – Check the grey market premium
Rainbow Children's Medicare’s initial public offering (IPO) has hit the primary market today and will remain open for bidders till 29th May 2022. The price band of the IPO is fixed at ₹516 to ₹542 and is a ₹1595 crore public issue. Rainbow Children’s Medicare Limited is a leading multi-speciality pediatric, obstetrics and gynaecology hospital [...]
Air India proposes to acquire AirAsia India
New Delhi, Apr 27 (PTI) Tatas-owned Air India plans to acquire no-frills carrier AirAsia India and has sought approval from the Competition Commission for the proposed deal. AirAsia India is majority-owned by Tata Sons Private Ltd with a shareholding of 83.67 per cent and the remaining stake is with AirAsia Investment Ltd (AAIL), [...]
Bangalore Watch Company™ Celebrates Golden Jubilee of 1971 Indian Air Force Operations with a Limited Edition Watch Collection
Bangalore, Karnataka, India (NewsVoir) Bangalore Watch Company™, an Indian luxury watch brand has launched a limited edition watch collection celebrating the Golden Jubilee of the 1971 Indian Air Force operations in the Liberation of Bangladesh. “We’re making luxury watches in India with each collection having a backstory from India. We launched the MACH 1 collection [...]
James Dyson Award 2022 offers prize money worth 30 Lakh
Entries open for invention by young minds that solves a problem • For budding inventors, get ideas off the ground - submit to the James Dyson Award • Global winner's prize money up to £30,000 (approx. INR 30 lakh) and National winners will now receive £5,000 (approx. INR 5 lakh) • Visit www.jamesdysonaward.org to find [...]
Cyril Amarchand Mangaldas Announces Promotion of 22 Lawyers to Partnership
Mumbai, Maharashtra, India (NewsVoir) India’s leading law firm, Cyril Amarchand Mangaldas (CAM) is proud to announce continued growth of the firm with the promotion of 22 lawyers to its partnership. The promotions are effective as of May 1, 2022. With this induction, the Firm’s partnership worldwide strength now stands at 160 partners. The partners, inducted [...]
NTPC ties up with Energy Vault
New Delhi, Apr 27 (PTI) NTPC has collaborated with Swiss firm Energy Vault for deployment of gravity-based energy storage technology and software solutions based on the outcome of a joint feasibility study. NTPC has signed a Memorandum of Understanding (MoU) with Energy Vault Holdings, Inc (Energy Vault) in this regard, a statement said. The objective [...]
Multibagger Stock: Travel Service stock gives multibagger returns of 344.84% in a year
Easy Trip Planners Limited which offered its IPO in 2021, gave a return of 344.84% in the last year and 74.53% in the last six months. The company has a market cap of Rs 8,699.21 and operates in the Online Travel Service Provider Industry. Founded in 2008, Easy Trip Planners Ltd is an online travel [...]
FM assures investors of addressing pain points to encourage investments
Washington, Apr 27 (PTI) Finance Minister Nirmala Sitharaman on Tuesday assured investors that the government will address any possible pain points to encourage investments in the country. Addressing a roundtable on 'Investing in India's Digital Revolution' in San Francisco, the minister encouraged constant engagement with investors to understand and address their concerns. The Finance Minister [...]
Board Infinity to Award INR 1 Crore Scholarship Celebrating 4x Growth in FY22
Mumbai, Maharashtra, India – Business Wire India Board Infinity, an early career skilling & career transitions platform has grown over 4x in FY 22, and as a commitment to the ecosystem is observing the Grand Skilling Week starting April 21 to April 28. This comes as a great opportunity for students and early career professionals [...]
Two more border ‘haats’ to open in Meghalaya in May to strengthen Indo-Bangla ties
Shillong, Apr 26 (PTI) India and Bangladesh have jointly agreed to open two more border 'haats' in Meghalaya – Ryngku and Nalikata - next month, officials said on Tuesday. The number of such marketplaces will increase to four in the northeastern state when the two facilities will be made operational.Ryngku border 'haat' in East Khasi [...]
Tata Motors emerges lowest bidder for electric buses in CESL tender
New Delhi, Apr 26 (PTI) Tata Motors has emerged as the lowest bidder in the mega tender for 5,450 electric buses floated by Convergence Energy Services Ltd (CESL) under the remodelled FAME II scheme, the government said on Tuesday. Discovered prices of the Grand Challenge tender are between 15 per cent and 48 per cent [...]
Rajasthan demands better road connectivity to Bharatpur
Jaipur, Apr 26 (PTI) Rajasthan chief minister Ashok Gehlot on Tuesday wrote a letter to Union highway minister Nitin Gadkari, seeking better road connectivity to Bharatpur which houses a popular bird sanctuary. Besides demanding an extension of the road connecting Paniyala Mod and Delhi-Mumbai Expressway up to Bharatpur, Gehlot asked the highway ministry to declare [...]
Aditya Birla Sun Life AMC quarterly profit rises marginally to Rs 158.5 crore
New Delhi, Apr 26 (PTI) Aditya Birla Sun Life AMC on Tuesday reported a one per cent growth in profit after tax at Rs 158.5 crore in the three months ended March 2022. In comparison, the company had posted a Profit After Tax (PAT) of Rs 156.7 crore in the year-ago period, according to a [...]
CESL discovers lowest prices for mega electric bus tender
New Delhi, Apr 26 (PTI) State-run Convergence Energy Services Ltd (CESL) has discovered the lowest prices, which are even at par or close to operational cost of diesel buses, for hiring 5,450 electric buses across five major cities, the power ministry said on Tuesday. The CESL in January had issued the Grand Challenge tender comprising [...]
DEPwD, Flipkart sign pact for skilling persons with disabilities
New Delhi, Apr 26 (PTI) The Department of Empowerment of Persons with Disabilities (DEPwD) and e-commerce firm Flipkart have signed a tripartite Memorandum of Understanding (MoU) to jointly provide skill training and employment opportunities for persons with disabilities. In a statement, the Social Justice Ministry said it also envisages mobilisation of persons with disabilities for [...]
NCLAT reserves order on Amazon’s plea against CCI ruling
New Delhi, Apr 26 (PTI) The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Amazon's plea challenging the decision of regulator CCI to suspend approval for the e-commerce major's deal with Future Coupons. In December last year, Competition Commission of India (CCI) suspended the approval given by it in 2019 for Amazon's [...]
Ahead of IPO, Rainbow Children’s Medicare collects Rs 470 cr from anchor investors
New Delhi, Apr 26 (PTI) Multi-speciality pediatric hospital chain Rainbow Children's Medicare Ltd on Tuesday said it has garnered nearly Rs 470 crore from anchor investors ahead of its initial public offering (IPO). The company has decided to allocate a total of 8,663,404 equity shares to anchor investors at Rs 542 apiece, taking the transaction [...]
CBDT issues fresh guidelines for panels looking into high-pitched scrutiny assessment grievances
New Delhi, Apr 26 (PTI) The CBDT has issued fresh directions for the functioning of the 2015 constituted Income Tax department's regional or local committees of officers to deal with grievances of tax payers who have been served with "high-pitched" assessments during scrutiny.The new guidelines for the functioning of these committees, according to a CBDT [...]
United Breweries Q4 Results: Consolidated net profit up 67.9%
Beer maker United Breweries Ltd, controlled by Dutch multinational company Heineken NV, on Tuesday, reported a 67.92 per cent increase in its consolidated net profit to Rs 163.78 crore for the fourth quarter ended March 2022, led by a volume-based growth. The company had posted a net profit of Rs 97.53 crore during the January-March [...]
Peak power supply crosses 201GW mark
New Delhi, Apr 26 (PTI) The maximum all India power demand met or the highest supply in a day crossed the record level of 201 GW mark showing spurt on Tuesday amid sweltering heat in large parts of the country. "The maximum All India power demand met is 201.066 GW at 14:51 hours today," a [...]
Cactus acquires Mind the Graph
New Delhi, Apr 26 (PTI) IT company Cactus Communications has acquired software-as-a-service platform Mind the Graph for an undisclosed amount.The acquisition will enable Cactus to provide automated, DIY science figures and AI-powered scientific communication solutions to the researcher community, academic publishers, and the life sciences industry, the company said in a statement."This acquisition creates a [...]
Raxa Security partners with Redinent Innovations for CCTV camera security
New Delhi, Apr 26 (PTI) GMR group firm Raxa Security Solution on Tuesday said it has collaborated with Bengaluru-based Redinent Innovations to offer cyber security solutions for CCTV cameras. The collaboration has been done in the back of several incidents of CCTV cameras getting hacked across the world, the company said. "Hacking of CCTV security [...]
Statkraft, Aker Horizons ties up to produce green hydrogen in India
New Delhi, Apr 26 (PTI) Statkraft and Aker Horizons have partnered to explore opportunities for green hydrogen and ammonia production in India. Statkraft and Aker Horizons, through its portfolio company Aker Clean Hydrogen have signed collaboration agreements to jointly explore opportunities for green hydrogen and ammonia production in India, a statement said. According to the [...]
COGOS Technologies expands services to Punjab, MP, Rajasthan
Mumbai, Apr 26 (PTI) Tech-logistics firm COGOS Technologies on Tuesday announced expanding its services to Punjab, Madhya Pradesh and Rajasthan. Now, it has presence in more than 300 cities across 24 states and aims to have a pan-India presence by the end of this fiscal, according to a statement. The aim is to lead the city logistics [...]
Pockets in Mumbai, adjoining cities face hour-long power cut as supply line trips
Mumbai, Apr 26 (PTI) Tripping at an important substation feeding power to the megapolis led to a power cut of over an hour in many parts of the country's financial capital on Tuesday, aggravating woes for people already sweltering under a heat wave. Lines at the Padgha substation located near Kalyan tripped at about 10 [...]
Tata Coffee Q4 Results: Consolidated profit up 12%
Tata Coffee (TCL) on Tuesday reported a 12.04 per cent growth in its consolidated profit to Rs 64.28 crore during the quarter ended March. The company's profit stood at Rs 57.37 crore during the corresponding quarter of 2020-21, TCL said in a BSE filing. Revenue from operations witnessed a growth of 10.99 per cent to [...]
AU Small Finance Bank net income more than doubles to Rs 346 cr
Mumbai, Apr 26 (PTI) AU Small Finance Bank on Tuesday reported a 105 per cent growth in net income at Rs 346 crore for the March quarter driven by margin expansion, record loan sales and lower provisioning for impaired assets. However, the Jaipur-based lender which has completed five years of operations said its full year [...]
E-commerce firms need to collaborate with EV makers for right-size delivery vehicle: Report
New Delhi, Apr 26 (PTI) E-commerce companies should collaborate with electric vehicle makers for the development of right-size delivery vehicles, a report by World Business Council for Sustainable Development (WBCSD) and Flipkart released on Tuesday said. According to the report, a 100 per cent electrification of e-commerce delivery fleets is possible with a conducive policy [...]
Indo-Aus trade pact to help improve India’s image post-RCEP: Expert
Kolkata, Apr 26 (PTI) India-Australia Economic Cooperation and Trade Agreement is going to strengthen not only the bilateral trade between the two countries but also improve India's image in the world post-RCEP, said a professor of a policy research institute.India had in November 2019 opted out of the 15-nation Regional Comprehensive Economic Partnership, which is [...]
RBL Bank seeks shareholders’ nod to extend term of interim MD and CEO till June 24
New Delhi, Apr 26 (PTI) Private sector lender RBL Bank on Tuesday said it will seek shareholders' approval for the appointment of interim MD and CEO Rajeev Ahuja till June 24, as the process to appoint a regular head awaits RBI's consent. Voting through postal ballot will start on April 28 and end on May [...]
FIEO calls for finding way for rupee-rouble trade with Russia
New Delhi, Apr 26 (PTI) The government should find ways to start rupee-rouble trade with Russia as it would help exporters deal with economic sanctions imposed by western countries on Russia, Federation of Indian Export Organisations (FIEO) President A Sakthivel said on Tuesday. He said that the government should identify 5-6 banks through which exporters [...]
Freshworks launches its first solution with a unified data model — Freshworks CRM for e-commerce biz
Chennai, Apr 26 (PTI): Nasdaq-listed Freshworks Inc. has launched the Freshworks CRM for e-commerce, a customer relationship management solution with a unified customer record targeting digital retails and consumer brands, the company said on Tuesday. The Freshworks CRM for e-commerce empowers employees to engage their buyers directly through modern messaging channels including WhatsApp and text [...]
udaanCapital partners with Northern Arc Capital to facilitate disbursal of credit to over 50,000 kiranas/ retailers
Bengaluru, Apr 26 (PTI) Fintech player 'udaanCapital' on Tuesday said it has partnered with Northern Arc Capital Limited and facilitated disbursal of credit to over 50,000 kiranas and small retailers. udaanCapital enables such retailers to make purchases for their stores from a wide array of suppliers on the udaan platform with credit lines provided by [...]
Projects languishing for decades linked to Google Earth for public monitoring in JK
Jammu, Apr 26 (PTI) Delayed infrastructure projects that have been taken up for completion by the Lieutenant Governor administration have been linked with Google Earth for real time monitoring, officials said on Tuesday. As many as 1,239 projects involving investment of Rs 1,748.65 crore have attained physical completion in the union territory during the last [...]
Chennai tech firm Prodapt plans to double UK investment
London, Apr 26 (PTI) Prodapt, a Chennai-headquartered global consulting, technology and managed services provider, on Tuesday announced that it plans to double its investment in the UK market to GBP 100 million.The investment commitment is the result of a strong growth opportunity that Prodapt sees in the UK’s technology sector, the company said. The move [...]
Bajaj Finance March quarter Results: Posts highest ever consolidated net profit of Rs 2,420 crore
Buoyed by healthy consumer sentiments, Bajaj Finance on Tuesday reported its highest ever consolidated net profit at Rs 2,420 crore in the three months ended March. The figure is 80 per cent higher compared to Rs 1,347 crore posted in the year-ago period. The Non-Banking Finance Company (NBFC) also posted its highest ever consolidated profit [...]
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