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NEWSALERT

India expected to grow at 6.5-7 pc during 2022-23 and over 7 pc thereafter: CEA. PTI DP DP ABM ABM

NEWSALERT

India's GDP grows 8.4 pc in July-September 2021 versus 7.4 pc contraction a year ago: Govt data. PTI KKS KKS ABM ABM

NEWSALERT

Production of eight infrastructure sectors rises by 7.5 pc in Oct against 0.5 pc contraction in the year-ago month: official data. PTI RR MR MR

IPO Alert

Anand Rathi Wealth IPO to open on Dec 2; sets price band at Rs 530-550 per share

New Delhi, Nov 30 (PTI) Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Tuesday said it has fixed a price band of Rs 530-550 a share for its Rs 660-crore IPO, which will open for public subscription on December 2.The three-day initial public offering (IPO) will conclude on December 6, the [...]

Go Fashion shares list with nearly 91% premium

Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]

Star Health raises Rs 3,217 cr from anchor investors ahead of IPO

New Delhi, Nov 29 (PTI) Star Health and Allied Insurance Company on Monday said it has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO on Tuesday.       The company has decided to allocate a total of 3,57,45,901 equity shares to 62 anchor investors at Rs 900 apiece, aggregating to [...]

OYO denies allegations made by FHRAI

New Delhi, Nov 29 (PTI) Hospitality firm OYO has come out strongly against FHRAI for making allegations against the company with an aim to suspend its IPO and said it has made adequate disclosures in the draft red herring prospectus to market regulator Sebi.Earlier in October, FHRAI had made a submission to the Securities and [...]

IPO-bound India1 Payments installs 10,000 white-label ATMs

Mumbai, Nov 29 (PTI) The IPO-bound India1 Payments, promoted by the Banktech Group of Australia and formerly known as BTI Payments, has said that it has crossed a milestone of deploying 10,000-white-lable ATMs which are labelled as India1ATMs, making it the largest player in the segment. The company has installed these machines mostly in semi [...]

Investments worth Rs 91,000 cr expected for airports development: Govt

New Delhi, Nov 29 (PTI) Investments worth Rs 91,000 crore will be made for developing existing and new airports in different parts of the country, as several measures are being taken to boost the civil aviation sector, the government said on Monday.The government has accorded in-principle approval for setting up 21 greenfield airports and 8 [...]

Top Editor’s Pick

India to have 500 mn 5G subscriptions, avg traffic per smartphone to touch 50 GB/month by 2027-end: Ericsson

New Delhi, Nov 30 (PTI) 5G is on track to become the dominant mobile access technology in terms of subscriptions globally by 2027 with 5G representing around 39 per cent of mobile subscriptions or 500 million users at the end of 2027 in India, telecom gear maker Ericsson said on Tuesday. 5G is expected to [...]

New Bill on cryptocurrency after Cabinet approval: Sitharaman in Rajya Sabha

New Delhi, Nov 30 (PTI) The government will soon bring in a new Bill on cryptocurrency after it is approved by the Union Cabinet, said Finance Minister Nirmala Sitharaman on Tuesday in the Rajya Sabha. A Bill on Cryptocurrency and Regulation of Official Digital Currency for introduction in the Lok Sabha has been included in [...]

Shares of Reliance Capital tumble 5% as RBI supersedes Co board

Shares of Reliance Capital Ltd on Tuesday tumbled 5 per cent to its lower circuit limit, a day after the Reserve Bank superseded the board of the Anil Ambani promoted company. Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. It has businesses in asset management, [...]

Go Fashion shares list with nearly 91% premium

Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]

Life Insurance Corporation of India to up stake in Kotak to nearly 10%

Insurance behemoth Life Insurance Corporation of India will raise its stake in private sector lender Kotak Mahindra Bank to nearly 10 per cent, after receiving a grant of approval from the Reserve Bank of India (RBI). This is also subject to SEBI regulations, Foreign Exchange Management Act among others. Life Insurance Corporation of India (LIC) [...]
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Nov 30, 2021

Go Fashion shares list with nearly 91% premium

Editor's Pick, IPO, News

Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]

Nov 30, 2021

Trending News

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Dec 1, 2021 10:29 am

Here Comes The Sun: Emirates LitFest Releases Stunning Images Of Dubai Community Celebrating Countdown To The 2022 Festival

News

UAE leads the charge in global groundswell of conversation about reading with a 7% y-o-y growth DUBAI, UAE, Nov. 30, 2021 /PRNewswire/ -- The countdown to 14th Emirates Airline Festival of Literature begins with a spectacular sunrise event as a taster for the leading global literary festival. Bringing to life one of the findings of [...]

Dec 1, 2021 10:29 am
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Dec 1, 2021 10:18 am

NEWSALERT

News, News Alert

Rupee surges 23 paise to 74.90 against US dollar in early trade. PTI DRR BAL BAL

Dec 1, 2021 10:18 am
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Dec 1, 2021 9:49 am

Sensex surges over 500 pts in early trade; Nifty above 17,150

News

Mumbai, Dec 1 (PTI) Equity benchmark Sensex jumped over 500 points in early trade on Wednesday, tracking gains in index majors HDFC twins, Tata Steel and Reliance Industries amid positive cues from Asian markets. The 30-share index was trading 515.05 points or 0.90 per cent higher at 57,579.92 in initial deals. Similarly, the Nifty rose [...]

Dec 1, 2021 9:49 am
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Dec 1, 2021 9:27 am

NEWSALERT

News, News Alert

Sensex jumps 612.66 pts to 57,677.53 in opening session; Nifty surges 207.80 pts to 17,191.00. PTI BAL DRR DRR

Dec 1, 2021 9:27 am
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Dec 1, 2021 12:40 am

S African Prez lauds breakthrough deal to manufacture and supply Covid vaccines to Africa

Corporate Action, News

Johannesburg, Nov 30 (PTI) South African president Cyril Ramaphosa has welcomed a breakthrough deal between the country's Aspen Pharmacare and pharmaceutical multinational Johnson & Johnson for Covid-19 vaccines being manufactured in South Africa for distribution to the African continent as part of efforts to end vaccine inequality.“The effectiveness of our response as the African continent [...]

Dec 1, 2021 12:40 am

Latest Market News

Generation Z workers hardest hit by economic impact of pandemic: Report

New Delhi, Nov 30 (PTI) Young workers have been hardest hit professionally by the economic impact of the COVID-19 pandemic and have displayed significant resilience and agility to future-proof their careers, says a study. According to a new study by the ADPRI Research Institute, more than 78 per cent of the 18 to 24-year-old cohort [...]

Govt says eight plastic parks at various stages of development

New Delhi, Nov 30 (PTI) The Centre has so far approved eight plastic parks that are at various stages of development, and two are in the process of getting the final nod, Union Fertiliser and Chemicals Minister Mansukh Mandaviya on Tuesday said in the Rajya Sabha. In his written reply to the Upper House, Mandaviya [...]

Infosys to transition Daimler’s HPC workloads to green data centre in Norway

New Delhi, Nov 30 (PTI) IT major Infosys on Tuesday said it will transfer Daimler's High Performance Computing (HPC) workloads used to design vehicles and automated driving technologies to one of Europe's greenest data centres, Lefdal Mine Datacenter in Norway.The shift to Green Data Center as a Service is an important milestone in supporting Daimler [...]

Rupee pares initial gains, settles 10 paise lower at 75.17/dollar

Mumbai, Nov 30 (PTI) The rupee on Tuesday pared its initial gains to settle 10 paise lower at 75.17 (provisional) against the US dollar as investor concerns grew over fresh impact of new COVID variant on the economy. At the interbank foreign exchange market, the local currency opened on a strong note at 74.91 and [...]

Sensex drops 196 pts; Nifty slips below 17,000-mark

Mumbai, Nov 30 (PTI) Equity benchmark Sensex dropped 196 points on Tuesday, hit by fag-end selling in auto and metal stocks following sluggish investor sentiment in global markets. The selling pressure was triggered after European markets opened in the negative territory amid concerns over the Omicron variant of the coronavirus, traders said. After rallying over [...]

Edelweiss Financial Services’ board approves fundraising up to Rs 1,000 cr via NCDs

New Delhi, Nov 30 (PTI) Edelweiss Financial Services' board has approved a public issue for raising up to Rs 1,000 crore through non-convertible debentures, half of which will be mopped up in the first tranche. A meeting of the debenture fundraising committee of the company's board of directors held on Monday (November 29) considered and [...]

InstaAstro raises Rs 3 cr from Artha Venture Fund, others

New Delhi, Nov 30 (PTI) Wellness and spiritual services platform InstaAstro on Tuesday said it has raised Rs 3 crore in a seed round led by Artha Venture Fund. The round also saw participation from LogX Ventures. The company will utilise the funds for product development, marketing and add a gamut of services, InstaAstro said [...]

Sebi to auction realty firm’s properties to recover investors money

New Delhi, Nov 30 (PTI) Capital markets regulator Sebi on Tuesday said it will auction four properties of Ravi Kiran Realty India Ltd and its promoters on December 16 to recover investors' money. These properties located in West Bengal will be auctioned at a reserve price totalling Rs 3.22 crore, the Securities and Exchange Board [...]

Gold jumps Rs 41; silver cracks Rs 667

New Delhi, Nov 30 (PTI) Gold in the national capital on Tuesday jumped Rs 41 to Rs 47,217 per 10 gram in line with rally in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,176 per 10 gram. Silver in contrast dipped Rs 667 [...]

KOLKATA BULLION CLOSING

Kolkata, Nov.30(PTI): SILVER RDY(BAR) : Rs.62,900.00(63,700.00) Per Kg.SILVER RDY.(PORTION) : Rs.63,000.00(63,800.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,750.00(48,800.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,250.00(46,300.00) Per 10 Gms.HALLMARKED GOLD(22-CARAT) : Rs.46,950.00(47,000.00) Per 10 Gms. ---- PTI SAM

Sun Pharma arm settles case with Biofrontera, to get USD 22.5 mn

New Delhi, Nov 30 (PTI) Sun Pharmaceutical Industries on Tuesday said its arm DUSA Pharmaceuticals Inc has reached settlement with Biofrontera to resolve a litigation over misappropriation of trade secrets and unfair practice, following which DUSA will receive USD 22.5 million (nearly Rs 170 crore). In 2018, DUSA Pharmaceuticals had filed a suit at the [...]

IREDA signs pact with BVFCL to provide techno-financial consultancy for RE projects

New Delhi, Nov 30 (PTI) State-owned Indian Renewable Energy Development Agency (IREDA) on Tuesday signed a pact with Brahmaputra Valley Fertilizer Corporation Ltd (BVFCL) to provide its techno-financial expertise in developing renewable energy projects and fundraising. Under the memorandum of understanding (MoU), IREDA will undertake techno-financial due diligence of renewable energy, green hydrogen, green ammonia, [...]

Rs 26,697 cr lying in dormant accounts of banks: FM

New Delhi, Nov 30 (PTI) As much as Rs 26,697 crore was lying in dormant accounts of banks, including cooperative banks, as on December 31, 2020, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. This money is lying in nearly 9 crore accounts which have not been operated for 10 years. As per [...]

NEWSALERT

Rupee pares initial gains, ends 10 paise lower at 75.17 (provisional) against US dollar. PTI DRR ABM ABM

PRICES MUM BULLION OPEN

Mumbai, Nov 30 (PTI) SILVER SPOT (IN RS PER kg): 62008.00 STANDARD GOLD (99.5) : 47921.00 PURE GOLD (99.9) : 48114.00 -------------------- PTI MUM SVC SHW SHW

NEWSALERT

Sensex drops 195.71 pts to settle at 57,064.87; Nifty declines 70.75 pts to 16,983.20. PTI BAL ABM ABM

Jindal Global Law School hosts the Global Law Schools’ Summit with over 150 thought leaders from 35 countries

30th November 2021: Jindal Global Law School (JGLS), O.P. Jindal Global University (JGU) presents a truly international, one-of-its-kind Global Law Schools’ Summit from 1–3 December 2021 on the theme “The Present and Future of Global Legal Education” The summit aims to bring together 150+ thought leaders from 6 continents and 35+ countries over 21 Thematic [...]

Right Diagnosis and treatment can help cure the ‘suicide disease’ and ‘winking disease’ opines Dr. Jaydev Panchawagh, Neurosurgeon at Sahyadri Hospitals

PUNE, India, Nov. 30, 2021 /PRNewswire/ -- Trigeminal neuralgia is a disorder of the fifth cranial nerve called the trigeminal nerve. With blood vessel pressing against the trigeminal nerve, the condition leads to unbearable pain on the face, cheek and one side of the face, normally on the upper side of the chin and upwards [...]

DBS Bank India introduces an industry-first digital & paperless trade financing solution

- DBS Domestic Trade Financing leverages Electronic Way (Eway) bill verification for digitalising and simplifying trade transactions - The bank has completed its first end-to-end digital Purchase Invoice Finance (PIF) transaction for Lincon Polymers Pvt. Ltd. MUMBAI, India, Nov. 30, 2021 /PRNewswire/ -- In the current environment, there is a need to drive digitised trade [...]

Knowlarity’s Multichannel Cloud Contact Center for All Business Sizes

Knowlarity, a pioneer of Cloud Business Communication, has been providing Cloud Contact Center for businesses across various industry verticals in India and the Middle East. Knowlarity's cloud contact center is equipped with advanced features and can be customized as per business requirements to enable multi-channel customer engagement anytime anywhere. GURUGRAM, India, Nov. 30, 2021 /PRNewswire/ [...]

Coal India to infuse Rs 19,650 cr to strengthen rail infra

New Delhi, Nov 30 (PTI) State-owned Coal India Ltd on Tuesday said it will invest an estimated Rs 19,650 crore to strengthen its rail infrastructure. The move will increase coal evacuation capacity of the PSU through rail mode by an additional 330 million tonnes per annum (MTPA) by FY2023-24 when the production is expected to [...]

Guar seed futures decline on low demand

New Delhi, Nov 30 (PTI) Guar seed prices on Tuesday went down by Rs 4 to Rs 5,792 per 10 quintal in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery was trading at Rs 5,792 down by Rs 4, or 0.07 per cent per 10 quintal with an [...]

Majority of urban Indians comfortable with automation at homes, online shopping: Report

Mumbai, Nov 30 (PTI) With automation and AI being widely adopted across many sectors at varying levels of visibility to consumers, a report has revealed that most urban Indians are comfortable with them in their homes and for online shopping. On a personal level, urban Indians are more comfortable with automation in their homes (64 [...]

Guar gum futures fall on low demand

New Delhi, Nov 30 (PTI) Guar gum prices on Tuesday fell Rs 17 to Rs 10,150 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for December delivery fell by Rs 17, or 0.17 per cent, [...]

Refined soya oil futures fall on low demand

New Delhi, Nov 30 (PTI) Refined soya oil prices on Tuesday fell by Rs 18.1 to Rs 1,198.5 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in December declined by Rs 18.1, or 1.49 per [...]

Soybean futures slip on muted demand

New Delhi, Nov 30 (PTI) Soybean prices on Tuesday fell by Rs 117 to Rs 6,189 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for December delivery fell Rs 117, or 1.86 per cent, to Rs 6,189 per quintal [...]

Carzso ties up View360Degrees to offer VR-based technology in auto industry

Mumbai, Nov 30 (PTI) Virtual pre-owned cars showroom Carzso on Tuesday said it has partnered with View360Degrees to offer virtual reality-based technology in the auto industry. As part of the strategic tie-up, View360Degrees founder and CEO Deven Verma, an experienced professional working in virtual reality (VR) technology, will join Carzso.com as the 'innovation head' and [...]

Cottonseed oil cake futures rise on fresh bets

New Delhi, Nov 30 (PTI) Cottonseed oil cake prices on Tuesday increased by Rs 23 to Rs 2,745 per quintal in futures trade as speculators created fresh positions driven by firm spot demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded up by Rs 23, or 0.84 per cent, to Rs 2,745 [...]

Coriander futures rise on spot demand

New Delhi, Nov 30 (PTI) Coriander prices on Tuesday rose Rs 10 to Rs 8,560 per quintal in futures trade as speculators widened their holdings tracking firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for December delivery went up Rs 10, or 0.12 per cent, to Rs 8,560 per [...]

Max Life Insurance Enhances ‘Buy Now, Pay at Approval’ Feature for Term Insurance Purchase, Ensuring Hassle-free Digital Customer Journeys

New Delhi, Delhi, India (NewsVoir) Strengthening its commitment towards superior customer servicing, Max Life Insurance Company Ltd. (“Max Life” / “Company”) has enhanced the ‘Buy Now – Pay at Approval’ feature available on term insurance purchase for customers. Launched last year for policies bought online, the feature allows customers to apply for a policy through [...]

Zoho Corp launches new biz division to offer a collaborative e-learning platform

Chennai, Nov 30 (PTI): Zoho Corporation on Tuesday announced the launch of its latest business division TrainerCentral, a training platform to serve the booming e-learning market in the country. TrainerCentral provides teachers, experts from all fields on a single platform to host live sessions as well as on-demand courses, evaluate students and build an engaged [...]

FMCG consumption slips in July-Sep but industry logs price-led growth of 13 pc: Report

New Delhi, Nov 30 (PTI) India's FMCG industry saw a decline in volume in September quarter this year, though it registered a value-led growth of 12.6 per cent, according to a report by data analytics firm Nielsen. While the metro market saw an upswing, rural markets slowed down due to consumption decline, it added. Earlier, [...]

Centre committed to compensate states for 5 yrs for revenue loss due to GST roll out: FM

New Delhi, Nov 30 (PTI) The Centre is committed to compensate states for five years for the revenue loss due to GST implementation as provided in the statute, Finance Minister Nirmala Sitharaman said on Tuesday. The GST Constitutional Amendment Act provides for the centre compensating the state for five years for loss of revenue arising [...]

Zinc futures edge up on robust demand

New Delhi, Nov 30 (PTI) Zinc prices on Tuesday rose by 45 paise to Rs 272.30 per kg in futures trade, tracking a firm trend in physical markets. On the Multi Commodity Exchange, zinc contracts for December traded higher by 45 paise, or 0.16 per cent, to Rs 272.30 per kg with a business turnover [...]

Crude oil futures dip on weak spot demand

New Delhi, Nov 30 (PTI) Crude oil prices on Tuesday fell by Rs 198 to Rs 5,145 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for December delivery dropped by Rs 198, or 3.71 per cent, to Rs 5,145 per barrel with a business volume of 6,703 lots. Analysts [...]

Silver futures rise on spot demand

New Delhi, Nov 30 (PTI) Silver prices on Tuesday rose by Rs 116 to Rs 62,552 per kg in futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 116, or 0.19 per cent, to Rs 62,552 per kg in 10,231 [...]

Gold futures gain on spot demand

New Delhi, Nov 30 (PTI) Gold prices on Tuesday rose by Rs 205 to Rs 48,195 per 10 gram in futures trade as speculators created fresh positions amid firming spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 205, or 0.43 per cent, to Rs 48,195 per 10 [...]

Nickel futures slide on tepid demand

New Delhi, Nov 30 (PTI) Nickel prices on Tuesday declined by 0.69 per cent to Rs 1,546 per kg in futures trade after participants offloaded their positions amid weak demand in spot market. On the Multi Commodity Exchange, nickel contracts for December delivery traded lower by Rs 10.80, or 0.69 per cent, to Rs 1,546 [...]

New Bill on cryptocurrency after Cabinet approval: Sitharaman in Rajya Sabha

New Delhi, Nov 30 (PTI) The government will soon bring in a new Bill on cryptocurrency after it is approved by the Union Cabinet, said Finance Minister Nirmala Sitharaman on Tuesday in the Rajya Sabha. A Bill on Cryptocurrency and Regulation of Official Digital Currency for introduction in the Lok Sabha has been included in [...]

Copper futures decline amid muted demand

New Delhi, Nov 30 (PTI) Copper futures on Tuesday slipped by 0.35 per cent to Rs 732.20 per kg as participants reduced their positions amid muted demand in domestic market. On the Multi Commodity Exchange, copper contracts for December delivery eased by Rs 2.60, or 0.35 per cent, to Rs 732.20 per kg in a [...]

India’s public cloud services market to grow 24.1% CAGR, reach $10.8 bn by 2025: IDC

New Delhi, Nov 30 (PTI) The overall Indian public cloud services market is expected to reach USD 10.8 billion by 2025, growing at a CAGR of 24.1 per cent for 2020-25, according to research firm IDC.India's public cloud services (PCS) market - which includes infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions and software-as-a-service (SaaS) - revenue totalled [...]

India has great combination of strong food culture & talent: Sommet Education

New Delhi, Nov 30 (PTI) India has a great culinary culture and mixing international techniques with the country's food can only be a success, said chief of Sommet Education, a global education group specialising in hospitality management and the culinary arts.On his first visit to the country, Benoît-Etienne Domenget, CEO, Sommet Education said India has [...]

Fitch affirms ICICI Bank rating with negative outlook

Mumbai, Nov 30 (PTI) Fitch Ratings has affirmed ICICI Bank's ratings at 'BB+' with a negative outlook and retained the lender's viability rating at BB.The negative outlook comes despite the agency recently revising upwards the operating environment outlook of domestic banks to stable from negative, citing better than expected recovery in business and economic activity [...]

About 1.65 lakh EVs supported as on Nov 25 under Phase-2 of FAME India scheme

New Delhi, Nov 30 (PTI) About 1.65 lakh electric vehicles have been supported as on November 25 this year under the second phase of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) India scheme, Parliament was informed on Tuesday.The Ministry of Heavy Industries formulated the scheme in March 2015 to promote adoption of [...]

India Pavilion at Dubai projects start-ups, draws crowd

Dubai, Nov 30 (PTI) The young founders of start-up Biya, which produces environmentally sustainable decor and other household items, can't hide their delight at the response their work has generated at 'India Innovation Hub' of the India Pavilion, and the winding queue of visitors at the entrance underscores the buzz around the overall Indian show [...]

Maha fruit growers seek land near Jalna dry port for packaging, grading of produce

Aurangabad, Nov 30 (PTI) An association of pomegranate producers in Maharashtra has demanded land near an under-construction dry port in Jalna district for the packaging and grading of fruits grown in the region. Talking to PTI on Tuesday, Akhil Maharashtra Dalimb Utpadak Sanshodhan Sangh secretary Dr Suyog Kulkarni said their delegation recently met Union Road [...]

India’s Start-up Prowess in Full Display at Elevate-III

10 finalists showcase their innovative capabilities at the finale held under India Innovation Hub Umbrella Dubai, United Arab Emirates (NewsVoir) Ten Indian start-ups showcased their innovations to global investors from the UAE and around the world at the third session of the ‘Elevate’ pitching series held on Sunday in Dubai. Gracing the occasion was Dr. [...]

GovernEye Combines Opinion Polls and Neuroscience for Goa, Manipur, Punjab, UP and Uttarakhand

New Delhi, Delhi, India – Business Wire India GovernEye Systems, a New Delhi-based citizen engagement platform, has announced the results of its opinion poll for election-bound states. The survey is unique because it also includes GovernEye’s assessment of individual responses being analytical or sentimental. The survey was conducted in these five states between Aug 1, [...]

Myles Automotive appoints Amrish Bhargava as CEO

New Delhi, Nov 30 (PTI) Vehicle subscription and sharing platform, Myles Automotive Technologies on Tuesday announced the appointment of Amrish Bhargava as its new Chief Executive Officer (CEO).Prior to joining Myles, Bhargava was heading the auto division at Poonawalla Fincorp. His appointment is aligned with the company's long-term growth, Myles Automotive said in a statement.As [...]

Cashfree Payments invests USD 15 mn in UAE-based payment service provider Telr

New Delhi, Nov 30 (PTI) Payments and banking technology firm Cashfree Payments on Tuesday said it has made an investment of USD 15 million in Telr, a payment service provider in the UAE and Saudi Arabia. While the company did not disclose the quantum of equity acquired, Cashfree said it has become one of the [...]

Bessemer Venture Partners raises $220 mn to back next-gen innovators in India

New Delhi, Nov 30 (PTI) Bessemer Venture Partners (BVP) on Tuesday announced the closure of a USD 220 million fund (about Rs 1,653 crore) in India to back the next generation of innovators in India.The fund will focus primarily on early-stage investments, consistent with Bessemer's approach of starting with seed and Series-A investments and sticking [...]

Effluent discharge connection of Arvind’s Ankur unit disconnected following HC order

New Delhi, Nov 30 (PTI) Textiles and apparels major Arvind Ltd on Tuesday said the effluent discharge connection of its Ankur unit in Ahmedabad has been disconnected following a Gujarat High Court order. The effluent discharge connections of about 141 units, including that of Ankur unit of the company were disconnected, following the High Court [...]

Landmark Capital launches Rs 500-cr warehousing fund

Mumbai, Nov 30 (PTI) Landmark Capital on Tuesday announced the launch of Landmark Warehousing and Logistics Fund that targets a corpus of Rs 500 crore, with a green-shoe option of Rs 200 crore.The fund is launched with an objective to generate superior risk-adjusted returns by investing in high-quality Grade-A warehousing and logistics opportunities, a release [...]

Adda247 raises around USD 20 mn in funding round led by WestBridge Capital

New Delhi, Nov 30 (PTI) Edtech platform Adda247 on Tuesday said it has raised around USD 20 million (about Rs 150 crore) in a funding round led by WestBridge Capital. The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement. [...]

Anand Rathi Wealth IPO to open on Dec 2; sets price band at Rs 530-550 per share

New Delhi, Nov 30 (PTI) Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Tuesday said it has fixed a price band of Rs 530-550 a share for its Rs 660-crore IPO, which will open for public subscription on December 2.The three-day initial public offering (IPO) will conclude on December 6, the [...]

KOLKATA BULLION OPENING

Kolkata, Nov.30(PTI): SILVER RDY.(BAR): : Rs.63,700.00 Per Kg.SILVER RDY.(PORTION) : Rs.63,800.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,800.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,300.00 Per 10 Gms.HALLMARKED GOLD(22-CARAT) RDY. : Rs.47,000.00 Per 10 Gms.---- PTI SAM

CAG flags anomalies in accounts of units under IT, telecom ministries

New Delhi, Nov 30 (PTI) The Comptroller and Auditor General of India has reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller [...]

Lupin launches educational website Sciflix for medical students

New Delhi, Nov 30 (PTI) Pharmaceuticals firm Lupin Ltd on Tuesday said it has launched an educational mobile adaptable website Sciflix for medical students pursuing post-graduation in diseases involving the respiratory system.Sciflix is a comprehensive learning platform in pulmonology where all scientific needs of postgraduate students will be addressed by a multisource library under one [...]

Go Fashion shares list with nearly 91% premium

Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]

Rupee recovers 21 paise to 74.86 against US dollar in early trade

Mumbai, Nov 30 (PTI) The rupee recovered 21 paise to 74.86 against the US dollar in opening trade on Tuesday, as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiments.At the interbank foreign exchange, the rupee opened on a strong note at 74.91, then surged higher to 74.86 against [...]

Major Singaporean business families set up charity for welfare of migrant workers

Singapore, Nov 30 (PTI) The families of late business tycoons Khoo Teck Puat and Ng Teng Fong have donated 20 million Singapore dollars (USD 14.62 million) to fund a medical centre in Singapore's industrial district of Penjuru for the welfare of migrant workers, who are an integral part of the country's workforce. Besides setting up [...]

Leading contemporary philosophers gather in Saudi Arabia for the first time at Riyadh Philosophy Conference

· Renowned international philosophical institutions and universities to take part in first of its kind event in the Kingdom. · Over 50 leading contemporary philosophical thinkers from more than 15 countries will participate in an inter-cultural dialogue to explore philosophy across an array of subjects under a theme of 'unpredictability'. · The three-day conference will [...]

Yas Waterworld guests break 6 GUINNESS WORLD RECORDS™

Through the successful two-day GUINNESS WORLD RECORDS™ live record-breaking event ABU DHABI, UAE, Nov. 29, 2021 /PRNewswire/ -- By going head-to-head or sometimes even pairing up, Yas Waterworld guests broke six GUINNESS WORLD RECORDS™ at Yas Waterworld's first ever GUINNESS WORLD RECORDS™ live record-breaking event. The event, which was in collaboration with GUINNESS WORLD RECORDS™, [...]

P&G Health commemorates Iron Deficiency Day with a new GUINNESS WORLD RECORDS™ Achievement

Records the largest number of videos of people saying the same sentence uploaded to Facebook in one hour to raise awareness on Iron Deficiency Anaemia MUMBAI, India, Nov. 29, 2021 /PRNewswire/ -- Continuing its efforts to raise awareness about iron deficiency in India, Procter & Gamble Health Limited & FOGSI (The Federation of Obstetric and [...]

Business schedule for Tuesday, Nov 30

DELHI: * Ericsson Mobility Report media round table (1500 hrs) * Chief Postmaster General press conference (1500 hrs) MUMBAI: * No major events listed. PTI DRR DRR

Star Health raises Rs 3,217 cr from anchor investors ahead of IPO

New Delhi, Nov 29 (PTI) Star Health and Allied Insurance Company on Monday said it has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO on Tuesday.       The company has decided to allocate a total of 3,57,45,901 equity shares to 62 anchor investors at Rs 900 apiece, aggregating to [...]

Piaggio Vehicles introduces all-women workforce on assemble line

Mumbai, Nov 29 (PTI) Small commercial vehicle maker Piaggio Vehicles Pvt Ltd (PVPL), in an industry-first initiative, has introduced an all-women workforce on its assembly line at its Baramati facility to assemble its Apé Electrik range of products. The female workforce at Piaggio's Baramati plant in Maharashtra assembles all its electric models -- Apé E-City [...]

Business briefs

*Bridgestone launches new tyre for construction and mining sector Mumbai, Nov 29 (PTI) Japanese tyre maker Bridgestone on Monday announced the launch of its new tyre for the construction and mining sector in the Indian market. The new offering--L370HL--in block and shoulder lug design for heat radiation and block tear resistance respectively, is suitable for [...]

NCLAT quashes CoC constitution of Value Infratech, asks NCLT to remove RP

New Delhi, Nov 29 (PTI) The insolvency appellate tribunal NCLAT on Monday quashed the constitution of the Committee of Creditors of Value Infratech India and removed the Resolution Professional with a direction to IBBI to conduct an investigation and take appropriate action. A two-member bench of the NCLAT has also directed the claims of various [...]

WhatsApp gets NPCI nod for doubling payments user base

Mumbai, Nov 29 (PTI) Facebook-owned messaging platform WhatsApp has been granted permission to double its user base for the payments service to 40 million by the National Payments Corporation of India (NPCI). WhatsApp has a total user base of 400 million and the development will help the platform compete better with entrenched rivals like Google [...]

Air India pilot unions ask management to roll back salary cut within three days

Mumbai, Nov 29 (PTI) Air India pilot unions -- IPG and ICPA -- on Monday warned the airline management to roll back the "illegal" salary cut within three days or face industrial action.The two pilot unions -- Indian Pilots Guild and Indian Commercial Pilots Association -- have been demanding restoration of full pay, which was [...]

Crisil director Martin Fraenkal resigns

New Delhi, Nov 29 (PTI) Crisil on Monday said Martin Fraenkel has resigned as the company's director with immediate effect. It also announced the appointment of Elizabeth Mann as an additional director (non-executive). "Martin Fraenkel has submitted his resignation as a director of the company. The board has noted resignation of Martin Fraenkel as a [...]

Indian-origin executive Parag Agrawal is new CEO of Twitter

New York, Nov 29 (PTI) Indian-origin technology executive Parag Agrawal has been appointed as the new CEO of Twitter after the social media giant’s co-founder Jack Dorsey stepped down on Monday. In a message posted on Twitter, Dorsey said: “After almost 16 years of having a role at our company… from co-founder to CEO to [...]

Indian-origin executive Parag Agrawal is new CEO of Twitter

New York, Nov 29 (PTI) Indian-origin technology executive Parag Agrawal has been appointed as the new CEO of Twitter after the social media giant’s co-founder Jack Dorsey stepped down on Monday. In a message posted on Twitter, Dorsey said: “After almost 16 years of having a role at our company… from co-founder to CEO to [...]

NEWSALERT

Indian-origin executive Parag Agrawal appointed new CEO of Twitter. PTI YAS CPS AKJ CPS

Closed sugar mill of Sitarganj resumes operations

Dehradun, Nov 29 (PTI) The early variety of sugarcane will be available for Rs 355 per quintal and the normal variety for Rs 345 per quintal in Uttarakhand, Chief Minister Pushkar Singh Dhami said while launching the crushing season for Kisan Cooperative Sugar Mills Ltd at Sitarganj which resumed operations after a prolonged closure on Monday.  [...]

India-Singapore flights commence under VTL

Mumbai, Nov 29 (PTI) Flight services between India and Singapore under the Vaccinated Travel Lane (VTL) commenced on Monday even as Singapore deferred similar travel arrangements with some countries amid the Omicron scare. Vistara and IndiGo said they have started operating flights to Singapore, while there was no comment from Air India. VTL allows quarantine-free travel [...]

RBI appoints P N Raghunath as additional director of Ujjivan Small Finance Bank

New Delhi, Nov 29 (PTI) Ujjivan Small Finance Bank (SFB) on Monday said RBI has appointed P N Raghunath as an additional director on the board of the bank. "The Reserve Bank of India vide its letter dated November 29, 2021 has appointed P N Raghunath, General Manager, Reserve Bank of India, Bengaluru, Regional Office [...]

Fresh COVID guidelines: Delhi airport says arrangements will be in place on time

New Delhi/ Mumbai, Nov 29 (PTI) As worries mount over coronavirus infections caused by a new variant globally, the country's largest airport IGIA on Monday said all necessary arrangements will be ready on time keeping in mind the fresh guidelines and passenger convenience. Besides, the firm carrying out COVID-19 tests at the IGIA in the [...]

WBIDC finalising responses to bidders’ clarifications for Tajpur port project

Kolkata, Nov 29 (PTI) West Bengal Industrial Development Corporation is in process of finalising its responses to the clarifications sought by prospective bidders in a recent meeting for Tajpur port project, an official said on Monday. The nodal agency of the state industry, commerce and enterprises department, which has extended the last date for submission [...]

Dish TV again postpones AGM, gets RoC nod for extension by a month

New Delhi, Nov 29 (PTI) Direct-to-Home service provider Dish TV, which is facing a notice from its largest shareholder Yes Bank to reconstitute its board, has again postponed its Annual General Meeting for a month after getting regulatory approval. The company on Monday received approval from the Registrar of Companies, Mumbai over its plea to [...]

OYO denies allegations made by FHRAI

New Delhi, Nov 29 (PTI) Hospitality firm OYO has come out strongly against FHRAI for making allegations against the company with an aim to suspend its IPO and said it has made adequate disclosures in the draft red herring prospectus to market regulator Sebi.Earlier in October, FHRAI had made a submission to the Securities and [...]

Moody’s assigns first-time ‘B3’ ratings to Ola, outlook stable

New Delhi, Nov 29 (PTI) Moody's Investors Service on Monday said it has assigned a first-time B3 corporate family rating (CFR) to ANI Technologies, which operates ride hailing service Ola.Moody's CFRs are opinions of a corporate family's ability to honour all of its financial obligations.It has also assigned a B3 rating to the company's proposed [...]

COMMODITY PRICES

Mumbai, Nov 29 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 722.00 COPPER HEAVY SCRAPS 710.00 COPPER ARMATURE (CREDIT) 695.00 COPPER UTENSILS SCRAP 631.00 CC ROD 777.00 BRASS :- BRASS SHEET CUTTING 545.00 BRASS UTENSIL SCRAP 488.00 BRASS HONEY 483.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]

OILSEEDS PRICES

Mumbai, Nov 29 (PTI) OILS (per 10 Kgs) G.Nut Raw 1330.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1200.00 Sunflower Exp.Ref. 1290.00 Cottonseed(Refined) 1245.00 Refined Palm Oil 1192.00 Soyabean Ref. 1235.00 Imp.Soyabean Crude - Rapeseed Ref. 1720.00 Rapeseed Exp. 1690.00 Copra white 1670.00 Rice Bran 4-7% FFA - Rice Bran 1220.00 Linseed 2050.00 Castor [...]

Supply of coal to power plants in Nov more than consumption: Joshi

New Delhi, Nov 29 (PTI) The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend is likely to continue in the coming months, Parliament was informed today. Several power plants of the country reportedly faced coal shortages [...]

Telecom Watchdog demands criminal case against Elon Musk-owned Starlink

New Delhi, Nov 29 (PTI) NGO Telecom Watchdog has sought filing of a criminal case against Elon Musk-owned Starlink for allegedly accepting payments from people in the country for satellite internet services without having a licence for the same. The NGO, in a letter dated November 27 sent to the telecom secretary, also urged the [...]

Coal India interim dividend to enrich govt by Rs 3,667cr

Kolkata, Nov 29 (PTI) The government will receive around Rs 3,667 crore as an interim dividend from Coal India for the current 2021-22 fiscal, a company official said on Monday. The Maharatna PSU announced a 90 per cent interim dividend for FY22, and the total outgo for the purpose will be around Rs 5,546 crore, [...]

RBI imposes Rs 1 cr penalty on Union Bank of India

Mumbai, Nov 29 (PTI) The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs 1 crore on Union Bank of India for deficiencies in regulatory compliance.The penalty was imposed by an order dated November 25 for non-compliance with the certain provisions of directions issued by the RBI contained in [...]

Sebi slaps Rs 40 lakh fine on 8 entities in illiquid stock options case

New Delhi, Nov 29 (PTI) Capital markets regulator Sebi on Monday imposed a Rs 40 lakh penalty on eight entities, including individuals, for indulging in non-genuine trades in illiquid stock options at BSE.In eight separate orders, the regulator has levied a fine of Rs 5 lakh each on Aadarshini Trading Company, Nimesh Doshi HUF, Shweta [...]

Govt put curbs on exports of Agar oil, Agarwood chips, powder

New Delhi, Nov 29 (PTI) The government on Monday put curbs on exports of Agar oil and Agarwood chips and powder with immediate effect, according to a notification. Export quota of 25,000 Kg per annum for Agarwood chips and powder and 1,500 kg per annum for Agar oil has been notified, the directorate general of [...]

PNB to pick up 9.5 pc stake in Open Network for Digital Commerce

New Delhi, Nov 29 (PTI) Public sector Punjab National Bank (PNB) will invest as a promoter in Open Network for Digital Commerce by picking up over 9 per cent stake in the company, which is yet to be incorporated. Open Network for Digital Commerce (ONDC) Ltd is being established with a mandate to develop an [...]

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