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Is RuPay set to break the duopoly of VISA & Mastercard?
Third-party transaction facilitators like VISA and Mastercard play a crucial role in the global payment ecosystem, enabling secure and seamless transactions between consumers, merchants, and financial institutions. These payment networks act as intermediaries, ensuring that funds are transferred quickly and securely between different parties. VISA and Mastercard are two of the largest and most widely [...]
Semiconductor stock in focus after reporting 109% YoY increase in net profits
The shares of this Chip designing company based in the US deal in developing advanced graphics processing units (GPUs) and AI solutions for gaming, data centers, automotive, and professional visualization applications was in focus after the company reported a 109 percent jump in net profits year on year. Share Price Movement The share price of [...]
Tata Group stock in focus after it partners with DENSO & AAtek for Robotics and Ai Lab
This Tata Group stock which is engaged in the providers of design and technology services across industries including Automotive, Communications, Media, and Healthcare in focus after the company partnered with DENSO and AAtek for Robotics and Automation Innovation Lab to leverage AI-driven analytics Price Action With a market capitalization of Rs. 40,414 Crores, the shares [...]
Stock jumps 20% after receiving order worth ₹564 Cr from IOCL, BPCL and HPCL for Bio Diesel
Stock engaged in the manufacturing of biofuel and its by-products jumped upto 20 percent in the day’s trade upon receiving work order worth Rs. 564 Crores from OMCs to supply Biodiesel. Price Action With a market capitalization of Rs. 1,132 Crores, the shares of Kotyark Industries Limited were trading at Rs. 1,101 per equity share, [...]
Banks stocks with the highest exposure to Adani Group after recent stock crash
The Adani Group is a diversified Indian multinational conglomerate with interests spanning infrastructure, energy, logistics, and agribusiness. The group has grown into one of India’s largest corporate houses. Its operations include ports, renewable energy, power generation, coal mining, gas distribution, and airports, showcasing its critical role in India’s economic development. The group is a global [...]
Agrochemical stock jumps after company plans to raise ₹3,377 Cr via rights issue
The shares of this agrochemical stock engaged in the business of industrial chemicals, agrochemicals, specialty chemicals, chemical intermediates, and production was up 2 percent in opening trade after plans to sell a $250 million stake in Advanta and Right Issue of Rs. 3,377.74 crore. Share Price Movement The share price of UPL Ltd on Thursday [...]
Semiconductor stocks to benefit from Gujarat’s Govt. semiconductor policy
In line with Prime Minister Narendra Modi's vision for a Viksit Bharat by 2047, the Gujarat government, under Chief Minister Bhupendra Patel, introduced India's first 'Gujarat Semiconductor Policy 2022-2027. To drive the success of this policy, Gujarat has established the 'Gujarat State Electronics Mission', an institution focused on enhancing the state’s semiconductor self-sufficiency. Under CM [...]
Tata group stock with revenue guidance of ₹15,000 Cr and capex of ₹5000 Cr by FY30
This Tata Group company is into hospitality. IHCL and its subsidiaries include a diversified portfolio across luxury, upper or upscale, and lean midscale or luxury segments. The hospitality sector is undergoing a significant change due to the increasing population, improving living standards as people spend on tourism, and luxury stays prompting hospitality companies to be [...]
6 Stocks to buy now for an upside of 70%; Do you own any?
The Indian Benchmark Indices closed in Green on Tuesday with the Sensex gaining around 239.38 points closing at 77578.38 and the Nifty 50 index gaining around 64.70 points closing the day’s trade at 23,518.50. Listed below are six stocks to Buy for an Upside Potential of upto 68 percent that you can add to your [...]
5 midcap stocks with low volatility and beta less than 1 to add to your watchlist
Investors often seek low-beta stocks for their ability to provide stability in volatile markets. Beta, a measure of a stock’s volatility compared to the broader market, indicates the level of risk associated with a stock. A beta below 1 signifies that the stock is less volatile than the market, offering a more stable investment option. [...]
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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
Shriram Properties to sell 90-acre land to LOGOS for logistics park
Kolkata, Apr 26 (PTI) Shriram Properties Ltd has entered into an agreement with LOGOS for potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara here for an undisclosed sum, officials said.LOGOS intends to develop the land into a modern and sustainable logistics park, offering around 2.2 million square feet [...]
Don’t know what direction Twitter will go in: CEO Parag Agrawal tells anxious employees after Elon Musk buys social media giant
Twitter’s India-born CEO Parag Agrawal has told worried employees that he doesn’t know “what direction this company will go in” once the whopping USD 44 billion deal, which will take the social media giant private, closes with new owner billionaire Elon Musk. The remarks by Agrawal, who took over the helm of the social networking [...]
FM invites US semiconductor players to make further investments in India; promises incentives
Finance Minister Nirmala Sitharaman on Monday held a meeting with representatives of the semiconductor industry of the US and invited them to make further investments in India. The Finance Minister spoke about opportunities for companies situated in Silicon Valley and about the government of India's commitment to be a reliable player in the entire semiconductor [...]
Zee Learn stock tumbles over 18% after Yes Bank moved to NCLT
Shares of Zee Learn on Tuesday tumbled over 18 per cent after Yes Bank Ltd moved National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against the firm. The stock plummeted 18.26 per cent to Rs 11.41 on the BSE. At the NSE, it tumbled 18.27 per cent to Rs 11.40. Private sector lender [...]
Vasant Kashmiri Rangat – Newly launched chilies for true taste and natural color
AHMEDABAD, India, April 26, 2022 /PRNewswire/ -- Vasant Masala, a mega spice brand from Gujarat, has launched 'Vasant Kashmiri Rangat', red chili powder. This is yet another new addition to their range of quintessential products and has an adorable taste for Indian cuisine. Vasant Masala is established as a leading packaged spice brand in Gujarat, [...]
Purple Quarter Finds ex-Goibibo Techie for Gameskraft’s SVP of Engineering Role
BENGALURU, India, April 26, 2022 /PRNewswire/ -- New-age gaming company, Gameskraft successfully closed its Tech Leadership mandate by onboarding Rahul Goyal as the Senior Vice President of Engineering; a search driven by Bespoke CTO search firm Purple Quarter. Founded in 2017, the Bangalore-headquartered Gameskraft caters to mobile and web gaming platforms with a transparent and [...]
EV maker One Moto India ties up with Royal Sundaram General Insurance
New Delhi, Apr 26 (PTI) Electric vehicle maker, One Moto India on Tuesday said it has partnered with Royal Sundaram General Insurance Co Ltd for insurance policies of its vehicles. Under the tie-up, One Moto India customers will be able to avail an add on cover-depreciation waiver that enables them full claim without deduction, to [...]
Cognex In-Sight 2800 Combines Deep Learning and Traditional Vision in an Easy-to-Use Package
Automates error detection in minutes – no programming experience required NEW DELHI, April 26, 2022 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, has released the In-Sight 2800 series vision system. In-Sight 2800 puts the power of a full-featured vision system into an easy-to-use package that gets applications running in minutes. [...]
Biocon Biologics’ arm gets USD 90 mn contract from Malaysian government for supply of insulins
New Delhi, Apr 26 (PTI) Biocon Biologics Ltd on Tuesday said its subsidiary has bagged a three-year contract, valued at USD 90 million (around Rs 688 crore), from the Malaysian government for the supply of recombinant human insulin brand Insugen. Biocon Sdn Bhd has been awarded the three-year contract by Ministry of Health (MoH), Malaysia. [...]
Diaspora body urges Sitharaman to allow NRIs, OCI card holders to invest in Indian stock market
Washington, Apr 26 (PTI) A prominent Indian Diaspora body, FIIDS, on Monday urged Finance Minister Nirmala Sitharaman to allow non-resident Indians and overseas citizens of India (OCI) card holders to invest in the Indian stock market. Such a move would boost the Indian economy further by attracting investment from the global Indian community, said the [...]
Indian-American Arun Venkataraman sworn in as Assistant Secretary of Commerce for Global Markets
Washington, Apr 26 (PTI) Arun Venkataraman, a leading Indian-American international trade policy expert, has been sworn in as the Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service for the International Trade Administration. In this position, Venkataraman will lead a team of over 1,400 employees strategically located [...]
The Open Group Announces Launch of the TOGAF® Standard, 10th Edition
Bangalore, Karnataka, India – Business Wire India • New modular structure simplifies navigating and applying the framework • Greater guidance for business strategy needs including Agile The Open Group, the vendor-neutral technology consortium, today announced the release of the TOGAF® Standard, 10th Edition, marking a major milestone in the development of the world’s most widely-used [...]
NEWSALERT
Billionaire Tesla CEO Elon Musk reaches deal to acquire Twitter for approximately $44B, reports AP. PTI AMS AMS
GoI felicitates J-K Finance dept for infrastructure development
Jammu, Apr 25 (PT) The Department of Finance was felicitated by the Government of India (GoI) for its contribution in the development of core infrastructure across the length and breadth of Jammu and Kashmir, according to an official spokesperson. Minister for Housing and Urban Affairs Hardeep Singh Puri felicitated the J&K Finance department for its [...]
India, EU announce launching trade and technology council to deal with new challenges
New Delhi, Apr 25 (PTI) Prime Minister Narendra Modi and European Commission President Ursula von der Leyen on Monday announced the setting up of an India-EU Trade and Technology Council, a high-level strategic mechanism to tackle key trade, economic and technological challenges. India is the second country after the US to have such a mechanism [...]
Campus Activewear raises Rs 418 cr from anchor investors ahead of IPO
New Delhi, Apr 25 (PTI) Athleisure footwear company Campus Activewear on Monday said it has garnered a little over Rs 418 crore from anchor investors ahead of its initial share-sale. The company has decided to allocate a total of 14,325,000 equity shares to anchor investors at Rs 292 apiece, aggregating the transaction size to Rs [...]
Negotiations on India-EU trade and investment pacts to restart in June
New Delhi, Apr 25 (PTI) India and the European Union will formally restart in June the negotiations on the long-pending trade and investment agreements, a decision welcomed by Prime Minister Narendra Modi and European Commission President Ursula von der Leyen on Monday. The issue came up in the wide-ranging talks between Modi and von der [...]
States seek pro-active policy, higher allocation to promote natural farming
New Delhi, Apr 25 (PTI) Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday announced that natural farming will start in 5,200 villages of the state from June and the government will also provide Rs 900 per month to farmers for maintaining indigenous cows. Addressing a national workshop on innovative agriculture through virtual mode, he [...]
Business brief
* Govt asks recipients of National Startup Award to adopt one district each Apr 25 (PTI) The government has urged the recipients of National Startup Award to adopt one district individually and contribute to its holistic development, the commerce and industry ministry said on Monday. Delivering the keynote address during the launch of Handholding Support [...]
Eros completes sale of subsidiary STX, changes name to “Eros Media World PLC’
New Delhi, Apr 25 (PTI) Eros STX Global Corporation, a global Indian entertainment company, on Monday said it has completed the sale of its subsidiary STX and has renamed itself with a new identity 'Eros Media World PLC'. The company has fully repaid USD 152 million of outstanding JP Morgan credit facility and subordinated credit [...]
Much awaited LIC IPO to open on May 4: Sources
The initial public offering of the country's largest insurer LIC will open on May 4 and close on May 9, sources said. The IPO, through which the government will sell 3.5 per cent stake in state-owned Life Insurance Corporation (LIC), will fetch Rs 21,000 crore to the exchequer. The IPO values LIC at Rs 6 [...]
India to meet half of its energy needs from renewable by 2030: NITI member
New Delhi, Apr 25 (PTI) India's non-fossil energy capacity will reach 500GW by 2030 and the country shall meet half of its energy requirements through renewable energy, reducing the carbon intensity of its economy by less than 45 per cent, NITI Aayog member V K Saraswat said on Monday. Speaking at an event here, Saraswat said, [...]
IPO-bound Campus garners 37 pc topline from online sales in first nine months of FY22
Mumbai, Apr 25 (PTI) IPO-bound sports shoe maker Campus Activewear saw its online sales jump to around Rs 400 crore, accounting for 37 per cent of total sales in the nine months ended December 2021, primarily driven by small town shoppers. The Delhi-based firm is launching its Rs 1,400-crore Initial Public Offering (IPO) through the [...]
PTC shareholders approve appointment of 3 non-executive directors
New Delhi, Apr 25 (PTI) PTC India Ltd (PTC) on Monday said its shareholders have approved the appointment of three non-executive directors. The nod by shareholders was given at the company's Extraordinary General Meeting (EGM) held on April 22, 2022 through video-conferencing, the country's largest electricity trader said in a statement. "Shareholders approve appointment of [...]
EKI Energy aims to generate 1 billion carbon credits by 2027
New Delhi, Apr 25 (PTI) EKI Energy Services Ltd (EKI) on Monday said it will generate 1 billion carbon credits by 2027. Carbon credits are earned by reduction of greenhouse gas emission in the atmosphere through climate-friendly projects, and can be used by governments, industries or private individuals to compensate for generating emissions elsewhere, BSE-listed [...]
No feedback sought from states on hiking GST rates: FinMin
New Delhi, Apr 25 (PTI) The finance ministry on Monday clarified that no feedback has been sought from states on the GST rates for specific items or regarding proposals to restructure the rates. In the wake of some media reports stating that feedback has been sought from states regarding a suggestion for raising Good and [...]
Organise regular yoga training for postal staff: Vaishnaw
New Delhi, Apr 25 (PTI) Union minister Ashwini Vaishnaw on Monday said that regular yoga training should be organised for the postmen and other staff for betterment of their health, an official statement said. The minister was speaking at a programme organised by the Department of Posts to mark the the countdown for the International [...]
Five-fold increase in patent grant annually since 2014: Commerce ministry
New Delhi, Apr 25 (PTI) There is a five-fold increase in the grant of patent annually, and a four-fold rise in trademark registration every year since 2014, the Ministry of Commerce and Industry said on Monday. To modernise the Intellectual Property (IP) office and reduce legal compliances, along with facilitating filing of IP applications, the [...]
Curbs gone, HDFC Bank readying to launch slew of digital initiatives
New Delhi, Apr 25 (PTI) Having issued over 21 lakh cards since lifting of curbs last year, the country's largest private sector lender HDFC Bank is planning to launch a slew of digital initiatives over the next few quarters, a top official said. The Reserve Bank had barred HDFC Bank from issuing new credit cards [...]
Gufic Biosciences gets CDSCO nod to market drug for severe fungal infections
New Delhi, Apr 25 (PTI) Gufic Biosciences on Monday said it has received an approval from the Central Drugs Standard Control Organisation (CDSCO) to manufacture and market a drug used to treat invasive Aspergillosis and Mucormycosis. The company has received approval for the production, sale and distribution of Isavuconazonium Sulfate API and finished formulation Isavuconazole [...]
Century Textiles back in black with Rs 84 cr net income in Q4
Century Textiles & Industries, part of the Aditya Birla group, on Monday reported a Rs 84 crore net income in the March quarter, making a turn around from a Rs 5 crore net loss in the year-ago period as its sales jumped 45 per cent to Rs 1,188 crore. For the full financial year, the [...]
States seek pro-active policy, higher allocation to promote natural farming
New Delhi, Apr 25 (PTI) Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday announced that natural farming will start in 5,200 villages of the state from June and the government will also provide Rs 900 per month to farmers for maintaining indigenous cows. Addressing a national workshop on innovative agriculture through virtual mode, he [...]
TVS Motor Company, Petronas partner to form PETRONAS TVS Racing Team
Chennai, Apr 25 (PTI) TVS Motor Company, a leading manufacturer of two and three-wheelers, on Monday announced a partnership with Malaysian oil and gas company Petronas to form PETRONAS TVS Racing Team. The team will participate in road racing, supercross and rally formats of racing, including the Indian National Motorcycle Racing Championship (INMRC), Indian National [...]
Mahindra CIE Q1 Results: Consolidated net profit zooms to Rs 161 cr
Auto component firm Mahindra CIE Automotive on Monday posted a consolidated net profit of Rs 161.42 crore for the first quarter ended March. The company had reported a consolidated net profit of Rs 10.09 crore in the year-ago period. Revenue from operations rose to Rs 2,588.36 crore for the first quarter as compared with Rs [...]
Hiking interest rates to tame inflation not ‘anti-national’: Former RBI chief Raghuram Rajan
New Delhi, Apr 25 (PTI) Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the [...]
Ukraine crisis, inflation, higher rates to increase ‘risky debt’ by Rs 60,000 cr in FY23: Report
Mumbai, Apr 25 (PTI) The ongoing headwinds like war-triggered inflation, rate tightening by RBI and weak rupee will lead to a Rs 60,000 crore increase in 'risky debt' in FY23, a ratings agency warned on Monday. Defining 'risky debt' as borrowings by companies having a net leverage or debt to operating profit ratio of more [...]
Old narrative of India that it has opportunity for a few has changed now: Mos IT
New Delhi, Apr 25 (PTI) The old narrative for India that it has opportunities for a few has changed now and is visible with a large number of unicorns and start-ups coming that are not related to famous family names, Union minister Rajeev Chandrasekhar said on Monday. While speaking at a Public Affairs Forum of [...]
Yes Bank files plea for insolvency proceedings against Zee Learn
New Delhi, Apr 25 (PTI) Private sector lender Yes Bank Ltd has moved National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Zee Learn, according to a regulatory filing. The company said that Yes Bank Ltd has allegedly claimed that the total amount in default with respect to a financial facility is Rs [...]
Important for India and EU to engage in geo-political avenues: President Kovind
New Delhi, Apr 25 (PTI) President Ram Nath Kovind on Monday said that it is important for India and European Union (EU) to engage in strategic and geo-political avenues such as in the Indo-Pacific, apart from deepening economic relations. In areas such as climate action, clean energy, sustainable growth, digital transformation and research & innovation, [...]
Trial of UK’s first self-driving bus begins in Scotland
London, Apr 25 (PTI) The UK’s first self-driving bus began its road trials in Scotland on Monday, with plans for transporting passengers within months. The buses are fitted with sensors which enable them to run on pre-selected roads without the safety driver having to intervene or take control, according to Scottish media reports. When operational [...]
TVS Motor joins hands with PETRONAS
New Delhi, Apr 25 (PTI) TVS Motor Company on Monday said it has joined hands with PETRONAS whereby the energy company will become the title partner of TVS Racing, the country's first factory racing team. Rebranded as PETRONAS TVS Racing Team, the outfit will don a new livery as part of the alliance effective this [...]
Eveready Industries Q4 Results: Consolidated net loss at Rs 38.41 crore
Battery and flashlights maker Eveready Industries India Ltd on Monday reported narrowing of its consolidated net loss to Rs 38.41 crore in the fourth quarter ended March. The company had posted a net loss of Rs 442.53 crore in the January-March period a year ago, it said in a regulatory filing. Its revenue from operations [...]
Indian-origin entrepreneur fires ‘starting gun’ for futuristic transport
London, Apr 25 (PTI) An Indian-origin entrepreneur is celebrating what he describes as firing the "starting gun" for futuristic transport, with the opening of the UK’s first mini-airport or vertiport for public demonstrations from Monday. Ricky Sandhu, Founder and Executive Chairman of Urban-Air Port, said the opening of Air-One in Coventry, central England, is momentous [...]
Deputy CAG Sriram stresses on real time data sharing for better audit opinion
New Delhi, Apr 24 (PTI) Deputy Comptroller and Auditor General K R Sriram on Monday highlighted the need for real time data sharing between the apex auditor and auditee so that a correct opinion could be formed with regard to the financial statements. He was speaking at an interactive session organised by the office of [...]
OMRON Healthcare appoints Kotaro Suzuki as new MD
New Delhi, Apr 25 (PTI) OMRON Healthcare India, a leading player in digital home blood pressure monitoring segment, on Monday said it has appointed Kotaro Suzuki as its new Managing Director. Prior to this assignment, Suzuki has served in numerous senior leadership roles, including domestic and overseas sales, corporate strategy planning, product planning, across varied [...]
Tata Motors to supply 5K XPRES T electric sedans to Lithium Urban
New Delhi, Apr 25 (PTI) Tata Motors on Monday said it has inked a partnership with Lithium Urban Technologies, an EV-based urban transportation service provider. As part of the deal, Lithium Urban will deploy 5,000 XPRES T Electric sedans across the country, for employee transportation. Tata Motors will commence deliveries in phases and will complete [...]
Hiking interest rates to tame inflation not ‘anti-national’: Former RBI chief Raghuram Rajan
New Delhi, Apr 25 (PTI) Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some "anti-national" activity. Known for his frank views, Rajan also said it was important to remember that the [...]
Healthcare becoming affordable, accessible: Mandaviya
New Delhi, Apr 25 (PTI) Healthcare is becoming accessible and affordable in the country with the government taking steps to enhance the overall infrastructure, including doubling of MBBS seats, Union Health Minister Mansukh L Mandaviya said on Monday. The minister, who also holds Chemicals and Fertilisers portfolio, noted that the country is witnessing the rise [...]
Silver jubilee edition of B’luru Tech Summit from Nov 16-18, CM chairs meeting with CEOs
Bengaluru, Apr 25 (PTI) Karnataka Chief Minister Basavaraj Bommai on Monday said the silver jubilee edition of 'Bengaluru Tech Summit-2022 (BTS-22)'- State government's flagship technological event - would be organised at an international-level. The summit would be held from November 16-18. The Chief Minister today chaired a meeting over breakfast with a number of CEOs [...]
Medtech sector seeks white paper on allocations to rural healthcare prog
New Delhi, Apr 25 (PTI) There is a need for transparent government tendering, procurement and payment systems among other measures, to help scale up the domestic medical technology sector which has export potential of USD 100 billion by 2047, according to FICCI Medical Device Committee Chair Vishwaprasad Alva. Speaking at the 7th edition of India [...]
SC seeks Centre’s considered reply on plea to curb unethical marketing practices of Pharma firms
New Delhi, Apr 25 (PTI) The Supreme Court on Monday asked the Centre to file a well-considered reply on a plea seeking formulation of a Uniform Code of Pharmaceutical Marketing Practices to curb unethical practices of Pharma companies and ensure an effective monitoring mechanism, transparency, accountability as well as consequences of violations.A bench of Justices [...]
Tirupur exporters’ body urges FM to start rupee-rouble mechanism with Russia
Coimbatore (TN), Apr 25 (PTI) Amid the ongoing Russia-Ukraine war, the Tirupur Exporters' Association (TEA) on Monday requested the intervention of Union Finance Minister Nirmala Sitharaman to immediately commence the rupee-rouble mechanism with Russia to receive export proceeds. This will not only help MSMEs at this hour of crisis but also help to push exports, [...]
Housing prices may rise 8% this fiscal: Report
India Ratings and Research (Ind-Ra) on Monday said it expects housing prices to appreciate by 8 per cent this fiscal, mainly due to rise in demand from end users. "The current housing sales uptick and increased demand is end user driven and not speculative. Hence, the hike in prices will be sustainable and is likely [...]
Naidu calls for exploring newer export markets
Chennai, Apr 25 (PTI) Vice-President M Venkaiah Naidu on Monday urged exporters to explore newer markets to keep the exports high and make the economy "flying high." In his address at an event to confer the Export Excellence Awards on SEZ Units under the Madras Export Processing Zone (MEPZ), Tambaram, near here, he pointed out [...]
Lanka’s debt restructuring to have ‘impact’ on future bilateral loans: Chinese Ambassador warns
Colombo, Apr 25 (PTI) China has "done its best" to help Sri Lanka not to default on its foreign debt, Chinese ambassador in Colombo Qi Zhenhong said on Monday, expressing displeasure at the government’s move to approach the IMF for help and warning that the debt restructuring will definitely have an "impact" on future bilateral [...]
World military expenditure passes USD 2 trillion for 1st time; US on top: SIPRI
London, Apr 25 (PTI) The global military expenditure has crossed the USD 2 trillion mark for the first time, with the US, the world’s largest economy, being the top spender, Sweden-based defence think-tank SIPRI said on Monday. In its latest report, the Stockholm International Peace Research Institute (SIPRI) said that the total global military expenditure [...]
TVS Motor Company and PETRONAS Partner to Form PETRONAS TVS Racing Team
The PETRONAS TVS Racing Team will participate in all formats of domestic 2-wheeler racing • TVS Motor Company and PETRONAS Lubricants International Private Limited set to launch a new co-branded oil - PETRONAS TVS TRU4 RacePro – across India TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers globally has reached a partnership agreement [...]
Future Group firms tumble up to 20 pc; RIL down over 2 pc
New Delhi, Apr 25 (PTI) Shares of Future Group firms took a beating on Monday, tanking up to 20 per cent after Reliance Industries called off its Rs 24,713-crore deal to acquire the Group's assets. Future Consumer shares plummeted 19.92 per cent, Future Supply Chain Solutions tumbled 19.85 per cent, Future Lifestyle Fashions dived 19.89 [...]
Hiking interest rates to tame inflation need not be considered as ‘anti-national’ activity: Former RBI chief Raghuram Rajan
New Delhi, Apr 25 (PTI) Former RBI Governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered as some "anti-national" activity by politicians and bureaucrats. Known for his frank views, Rajan said that it was important to remember that "war [...]
The first D2C Brand Architects, Zashed Fashionverse is working on a twisted Thrasio model
Zashed Fashionverse has successfully established itself as the country's sole 'D2C Brand Architects', creating turn-key D2C brands within a short span of time. It is an expert in helping garment exporters, textile and processing houses, entrepreneurs and visionaries set up their own D2C tech businesses and become global icons and also picking up equity at [...]
9 Stocks with Ex-Dividend this week; Are you holding any of them?
For many investors, the amount of dividend that a company is paying is an important factor in choosing stocks, especially if it forms a huge part of their passive income. They tend to prefer stocks that have good fundamentals and pay dividends generously. Here is a list of stocks with upcoming dividends: ABB India Limited (CMP [...]
Healthcare becoming affordable, accessible: Mandaviya
New Delhi, Apr 25 (PTI) Healthcare is becoming accessible and affordable in the country with the government taking steps to enhance the overall infrastructure, including doubling of MBBS seats, Union Health Minister Mansukh L Mandaviya said on Monday. The minister, who also holds Chemicals and Fertilisers portfolio, noted that the government does not see health [...]
Play-to-Earn (P2E) Cricket Game, Cricket Star Manager IDO Launch Slated for 25 April 2022; Aims to become One of the Top-10 Cricket Gaming Platforms in India by 2023
The platform generates NFTs through stadiums and players, with both evolving over time to grow the player’s income, whilst creating unique sellable tokens through the in-game marketplace Mumbai, Maharashtra, India (NewsVoir) Cricket Star Manager (CSM), a fully-featured blockchain based Play-to-Earn (P2E) gaming platform with a mobile-first approach, is all set to launch its Initial Dex [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 25 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 65,492.00 65,166.00 STANDARD GOLD (99.5) : 52,010.00 51,868.00 PURE GOLD (99.9) : 52,219.00 52,077.00 -------------------- PTI MUM SSBSSB SSB
Sensex extends losses amid global sell-off; RIL tanks after Future deal falls through
Mumbai, Apr 25 (PTI) The BSE Sensex reeled for the second session running on Monday, weighed by heavy selling in index heavyweight Reliance Industries and a drumbeat of negative cues from global markets. Unabated foreign fund outflows and a depreciating rupee added to the bearish sentiment. The 30-share benchmark opened on the back foot, in [...]
NCLAT directs no further steps in insolvency case against Santasha Real Estate
New Delhi, Apr 25 (PTI) Appellate tribunal NCLAT has directed not to take any "further steps" in pursuance with an order passed by the National Company Law Tribunal directing to initiate insolvency proceedings against realty firm Santasha Real Estate. The New Delhi bench of the National Company Law Tribunal (NCLT) had on March 29, 2022 [...]
No-trust vote against Lankan govt on the cards as Oppn says it has numbers in Parliament
Colombo, Apr 25 (PTI) A Sri Lankan dissident lawmaker, fired by President Gotabaya Rajapaksa from the Cabinet for his critical views, claimed on Monday that the Opposition has crossed the 113-mark required to win a no-trust motion against the government in the 225-member Parliament. President Gotabaya, facing fierce public protests against his government’s mishandling of [...]
Zomato’s Deepinder Goyal joins Urban Company board as independent director
New Delhi, Apr 25 (PTI) Online food delivery firm Zomato's founder and CEO Deepinder Goyal along with three other industry leaders have joined the board of home service marketplace Urban Company as independent directors. Former partner at McKinsey & Co. Ireena Vittal, Helion co-founder Ashish Gupta and former chairman and senior partner of PwC India [...]
Coal shortage: Industry bodies seek PM’s intervention
New Delhi, Apr 25 (PTI) In the wake of short supply of coal to non-regulated sector, industry bodies have sought Prime Minister Narendra Modi's intervention in the matter, stating that industries are compelled to purchase power from exchanges at higher rates due to increased demand. The development assumes significance in the wake of country's power [...]
CMPDIL will continue to be Coal India arm
New Delhi, Apr 25 (PTI) The government of Monday said it is contemplating the merger of CMPDIL with Mineral Exploration Corp Ltd (MECL) and stressed that CMPDIL will continue to be the subsidiary of Coal India. The statement comes soon after reports emerged that the government is moving ahead with a proposal to merge Coal [...]
Dive into the Pink Sea of Peach Blossoms in Pinggu, Beijing
BEIJING, Apr. 25, 2022 /Xinhua-AsiaNet/-- April is the best time to view peach blossoms in Pinggu District, Beijing. Thousands of hectares of peach trees are blooming in Pinggu District, which is known for its peaches across the country, turning a large portion of the eastern part of the city into a sea of pink. Pinggu [...]
Apparel unit in tribal area to boost women employment
Sambalpur, Apr 25 (PTI) An apparel manufacturing unit will be set up in the tribal-dominated Kuchinda sub-division of Odisha's Sambalpur district to provide employment to women throughout the year and also to augment their livelihood, an official said.The clothing plant will come up at Ardabahal under the Scheme of Fund for Regeneration of Traditional Industries [...]
ICICI Bank stock jumps nearly 1 pc after earnings
New Delhi, Apr 25 (PTI) Shares of ICICI Bank on Monday gained nearly 1 per cent after the company reported 59 per cent jump in standalone net profit for the fourth quarter of 2021-22. The stock went up by 0.73 per cent to settle at Rs 752.80 on the BSE. During the day, it jumped [...]
Setting a New Record – Chennais Amirta Places 948 Students in Overseas Jobs with Leading Hotels
Chennai, Tamil Nadu, India (NewsVoir) • The selected candidates were among the 1017 students who participated in an international job fair, organised by ChennaisAmirta recently in Chennai exclusively for its students. The recruiters comprised leading hospitality brands from Canada, Turkey, Portugal, UAE countries like Dubai, Oman, Bahrain, Qatar, and Kuwait, among others Chennais Amirta International [...]
JSW Steel denies bidding for Pawan Hans; says not interested in asset
New Delhi, Apr 25 (PTI) Steel major JSW Steel on Monday denied participating in the bidding process to acquire state-owned helicopter services provider Pawan Hans. Recently, a media report quoting sources said that the company has submitted a bid to buy Pawan Hans, JSW Steel informed the stock exchanges. "The [...]
HDFC Bank opens 50th branch in Coimbatore
Coimbatore (TN), Apr 25 (PTI) HDFC Bank on Monday opened a new branch in the city, its 50th branch in the district. The bank plans to add seven more branches in the district, which has a total business of Rs 9,821.40 crore of advances and Rs 6,605.50 crore of deposits, with the total business of [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 25 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 791.00 COPPER HEAVY SCRAPS 781.00 COPPER ARMATURE (CREDIT) 765.00 COPPER UTENSILS SCRAP 705.00 CC ROD 826.00 CC ROD (RECYCLED) 799.00 BRASS :- BRASS SHEET CUTTING 578.00 BRASS UTENSIL SCRAP 535.00 BRASS HONEY [...]
ABD India wins ‘Distiller of the Year’ at Icons of Whisky India 2022
MUMBAI, India, April 25, 2022 /PRNewswire/ -- Allied Blenders and Distillers (ABD), the largest Indian spirits company and maker of iconic products like Officer's Choice Whisky and Sterling Reserve, won the 'Distiller of the Year' high commendation at the Icons of Whisky India 2022. Instituted by the venerated London publication Whisky Magazine, Icons of Whisky [...]
Natural farming to start in 5,200 villages of MP from June: CM
New Delhi, Apr 25 (PTI) Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Monday announced that natural farming will start in 5,200 villages of the state from June and the government will also provide Rs 900 per month to farmers for maintaining indigenous cows. Addressing a national workshop on innovative agriculture through virtual mode, he [...]
Yogi Adityanath seeks increase in incentives for natural farming
New Delhi, Apr 25 (PTI) Stating that the Uttar Pradesh government will implement natural farming in 135 state-owned farms from the upcoming kharif season, Chief Minister Yogi Adityanath on Monday demanded that the Centre should raise the incentive for natural farming to Rs 31,000 per hectare besides making a budget allocation for carrying out branding [...]
Healthcare Triangle Achieves HITRUST Risk-based, 2-year Certification to Manage Risk, Improve Security Posture, and Meet Compliance Requirements
HITRUST Risk-based, 2-year Certification validates Healthcare Triangle is committed to meeting key regulations and protecting sensitive information CHENNAI, India, April 25, 2022 /PRNewswire/ -- Healthcare Triangle Inc., (Nasdaq: HCTI) ("HCTI" or the "Company"), a leading provider of cloud and data transformation solutions for healthcare and life sciences, today announced its Cloud and Data Platform (CaDP) [...]
Bajaj Finance Fixed Deposit Interest Rate Revision: Check Latest Interest Rates
Pune, Maharashtra, India (NewsVoir) Bajaj Finance has increased the rate of interest offered on fixed deposits, and one can now earn up to 7.35% p.a. with the special interest rates. The FD interest rate has been increased for all categories of investors and tenors, resulting in quicker growth of one’s investment. The rise in the [...]
India’s GDP likely to grow 7.5-8% in FY23: CII President
New Delhi, Apr 25 (PTI) India's economy is expected to grow 7.5-8 per cent this fiscal year with exports playing a key role in the country's success story, CII President TV Narendran said on Monday. However, he said the country needs to remain prepared for any fallout of next wave of COVID-19 pandemic, and the [...]
SatCom Industry Association signs pact with TSDSI
New Delhi, Apr 25 (PTI) Satellite industry body SatCom Industry Association (SIA-India) has entered into a pact with Telecommunications Standards Development Society, India (TSDSI) for cooperation in development of standards in India and international standards developing organisations. The ultimate aim of the collaboration is to bring cooperation and support for the standardisation, towards an efficient [...]
Radio City and Mid-Day Successfully Culminate Season 3 of the Most Popular and Credible Hitlist OTT Awards
Mumbai, Maharashtra, India (NewsVoir) • Garnered Over 2.97Mn+ lakh votes from audience who showered their love for popular performances across the OTT platforms • The virtual grand finale witnessed The Family Man - S2 bag most awards in the series category followed by Shershaah in the film category • The public voting started on 18th [...]
OILSEEDS PRICES
APRIL 25, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1670.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1870.00 Sunflower Exp.Ref. 1900.00 Cottonseed(Refined) 1670.00 Refined Palm Oil 1540.00 Soyabean Ref. 1600.00 Imp.Soyabean Crude - Rapeseed Ref. 1550.00 Rapeseed Exp. 1520.00 Copra white 1530.00 Rice Bran 4-7% FFA - Rice Bran 1420.00 Linseed 1550.00 [...]
Future Group to focus on saving, rebuilding Future Lifestyle, Future Supply Chain & Future Consumer
Debt-ridden Future Group is now focusing on saving and rebuilding firms such as -- Future Lifestyle Fashions, Future Supply Chain Solutions, Future Consumer and Future Enterprises, after the Rs 24,713-crore deal with Reliance Retail was rejected by secured creditors, according to industry sources. However, Future Group's flagship firm Future Retail Ltd (FRL), which has nearly [...]
Doctors Find the Aesthetic and Therapeutic Regenerative Techniques Workshop FromGeoBio Informative and Futuristic
Pune, Maharashtra, India – Business Wire India Both ‘Biopharmacieaa Private Limited’ and ‘Geomedics Pharma Pvt. Ltd.’ better known as ‘GeoBio’, are known to be committed towards participating in Learning, Educating, Advancing and Developing (LEAD), to get the best in Industry, be it Aesthetic, Regenerative or Medical Engineering know how. Their commitment was exhibited in one [...]
Indus Health Plus Launches MEDNAwise, A Genetic Solution in Precision Medicine
Pune, Maharashtra, India (NewsVoir) Indus Health Plus, a pioneer in the preventive healthcare sector, is expanding its genetic testing portfolio by launching MEDNAwise, a genetic solution in precision medicine. MEDNAwise testing helps to understand which drug suits you best, manage your treatment and increase its effectiveness. MEDNAwise can also be used as predictive personalized medication [...]
Shriram Properties to sell up to 90 acre land in Kolkata to Logos for logistics, warehousing park
New Delhi, Apr 25 (PTI) Realty firm Shriram Properties Ltd on Monday said it plans to sell up to 90 acres of land in Kolkata to Logos for development of logistics and warehousing park. According to a regulatory filing, Shriram Properties Ltd and LOGOS -- an Asia-Pacific logistic specialist-- have entered into a Memorandum of [...]
Indian Investors’ Trust in Financial Services is Highest Amongst 15 Markets: CFA Institute’s 2022 Investor Trust Study
Mumbai, Maharashtra, India (NewsVoir) • Indian retail investors rank highest (67%) for trust in cryptocurrencies • Indians (66%) also ranks high in appointing a financial advisor who shares values second only to mainland China (74%) • More than half of respondents (57%) believe that they will achieve their life goals and over 25% invest long-term [...]
SBI issues advisories for customers to prevent digital frauds
With increasing penetration of digital transaction in the country, largest lender SBI on Monday issued a set of advisories for its customers to avoid getting duped from frauds. SBI said users should never disclose passwords to anyone as well as disable 'auto save' or 'remember' function in their devices to avoid storing of data, among [...]
PEPPER COPRA CLOSING RATE
MUM PEPPER COPRA CLOSING RATE MUMBAI, APR 25 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 9600 COPRA OFFICE KOZIZODE 9300 COPRA RAJAPUR MUMBAI 19500 COPRA EDIBLE MUMBAI 13000 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1720 T.P ------------ PTI MUM [...]
MSMEs must be allowed to use pooled data of bio-stimulants for registration process: Industry body
New Delhi, April 25 (PTI) Agro Inputs Manufacturers Association of India on Monday said it possesses pooled data of eight major bio-stimulants and demanded that the government should also allow all MSMEs to use its data for the registration process to carry out business operations. A notification issued in 2019 had brought bio-stimulants under the [...]
Mutual funds increased their stake in this IT stock that gave 43% returns in a year
In the last year, the share price of Coforge Limited has increased from ₹ 2808.10 levels to ₹ 4015.00 levels, up 42.98%. The share’s 52-week high is at ₹ 6135.00 and its 52-week low is at ₹2785.00. If an investor would have invested ₹ 1,00,000 in the share a year ago, then the value of [...]
Zypp Electric raises USD 1 mn from Northern Arc
Mumbai, Apr 25 (PTI) Zypp Electric, which operates in the last-mile space, on Monday said it has raised USD 1 million (about Rs 7.6 crore) in debt funding from Northern Arc to expand its electric vehicle (EV) fleet services as it is looking to deploy 1.5 lakh e-scooters in the country over the next three [...]
Guar gum futures ease on low demand
New Delhi, Apr 25 (PTI) Guar gum prices on Monday fell by Rs 5 to Rs 12,435 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 5 or 0.04 [...]
Guar seed futures decline amid ample supplies
New Delhi, Apr 25 (PTI) Guar seed prices on Monday declined by Rs 13 to Rs 6,336 per 10 quintals in the futures trade amid increasing supplies from producing regions. On the National Commodity and Derivatives Exchange, guar seed contracts for May delivery fell by Rs 13 or 0.21 per cent to Rs 6,336 per [...]
Crude oil futures decline on low demand
New Delhi, Apr 25 (PTI) Crude oil futures on Monday dropped by 3.44 per cent to Rs 7,555 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for May delivery fell by Rs 269 or 3.44 per cent to Rs 7,555 per barrel with a business volume [...]
Natural farming need of the hour, says NITI Aayog CEO Amitabh Kant
New Delhi, Apr 25 (PTI) Natural farming is the need of the hour, as the cost of foodgrain production has increased due to the use of chemicals and fertilisers, NITI Aayog CEO Amitabh Kant said on Monday. Addressing the 'National Workshop on Innovative Agriculture' organised by NITI Aayog, Kant further said, India is now an [...]
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