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Market leader stocks in which FIIs have increased their stake by up to 5%; Do you own any?
Market leader stocks are shares of companies that dominate their respective sectors by having the highest market share, revenue, or influence in the industry. They often set industry standards, possess strong brand recognition, and hold competitive advantages like economies of scale, technological innovation, or superior customer loyalty. Such Companies are generally financially stable, have consistent [...]
Best performing mutual funds with 5 year net profit CAGR of up to 35%
For investors aiming to build wealth over the long term, mutual funds with strong 5-year compound annual growth rates (CAGR) provide promising opportunities. These funds have consistently outpaced the market, driven by strategic asset selection and skilled fund management. Here are some of the top-performing funds in this category: Bank of India Small Cap Fund [...]
Railway stocks with order book of up to ₹25,000 Cr to look out for
India has the fourth largest railway system in the world which moves 33 percent of the total freight in the country. It is rapidly progressing to accomplish 100 percent electrification and become the largest green railway network in the world. The modernization and sustainability efforts of Indian Railways are setting it up for substantial growth, [...]
Hidden Gems: 4 Smallcap stocks with dividend yield of up to 6.31% to add to your watchlist
Dividends are a way for companies to distribute a portion of their earnings back to the shareholders as a reward for their investment. Dividends can be an important source of income for investors, especially those looking for steady and predictable returns. Dividends are usually associated with established companies that have a history of profitability. Growth-oriented [...]
Semiconductor stock with strong growth guidance of up to 60% in the next 5 years
In the dynamic and fast-growing semiconductor sector, a prominent company is emerging as a strong contender. With a targeted approach toward integrated electronics manufacturing and a dedication to innovation, it is well-positioned to make a meaningful impact on India's expanding semiconductor ecosystem. Price Action With a market capitalization of Rs.34,128 Crores, the shares of Kaynes [...]
Suzlon Energy: Revenue split of Suzlon Energy from each of its business segment
India's wind energy sector is a vital component of its renewable energy landscape, currently boasting an installed capacity of over 47 GW, ranking fourth globally. The government aims to achieve 140 GW by 2030 as part of its commitment to reach 500 GW of renewable energy capacity, underscoring its role in sustainable development and carbon [...]
Is it a good time to buy Coal India shares? Check the details here
Founded in 1975 and based in Kolkata, Coal India Limited (CIL) is the world's largest coal producer and a vital entity in India's energy sector. As a 'Maharatna' company, CIL stands out for its large-scale operations and significant influence. The company accounts for around 80 percent of India's coal production, with a major focus on [...]
Stock in Focus: BlackRock invested in India’s largest solar module manufacturing firm
India's solar industry is poised for continued growth, driven by its vast potential for solar energy production, policy support, and increasing demand for clean energy solutions. India to cater to the ongoing demand, has rapidly grown into one of the largest solar players in the world, with over ~72 GW of installed capacity for solar [...]
Stocks with low PE and strong growth guidance to keep in your radar
Investing in undervalued stocks offers an excellent opportunity to maximize returns while keeping risks relatively low. These stocks are usually trading below their intrinsic value, often as a result of market inefficiencies or short-term challenges. Here are three such undervalued companies with high growth guidance: Garden Reach Shipbuilders & Engineers Ltd With a market capitalization [...]
Pharma stocks in which ICICI Group bought fresh stake of up to 4% in Q2
The ICICI Group, or the Industrial Credit and Investment Corporation of India, is one of India's largest and most diversified financial services conglomerates. Established in 1955, the group has played a significant role in the country's economic development by providing a broad range of banking and financial services. ICICI Group publicly holds 259 stocks with [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
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 [...]
Latest Market News
LTI on merger with Mindtree: Can’t comment on speculation, remain focused on ‘fast growing biz’
Mumbai, Apr 19 (PTI) The management of Larsen & Toubro Infotech (LTI) on Tuesday declined to comment on the "speculated" merger with group company Mindtree, maintaining that it remains focused on its own business for now. Reports of the planned merger, which emerged on Monday, have led to erosion of investor wealth as both LTI's [...]
Singapore’s Temasek backs probe into Zilingo’s accounting practices
New Delhi, Apr 19 (PTI) Singapore state investment firm Temasek has backed an investigation into fashion technology startup Zilingo Pte's accounting practices saying it supports the company board's move. In a strongly-worded statement, Temasek said, "We expect our portfolio companies to abide by the sound corporate governance and codes of conduct and ethics. We are, [...]
Tata Steel partners with Australia’s Thiess to offer mine technical services
New Delhi, Apr 19 (PTI) Tata Steel has inked a pact with Australia-based mining services provider Thiess to offer mine technical services in areas such as exploration, resource evaluation and mine planning in India and abroad. The company will work closely with Thiess India Engineering Hub, which provides technical support to Thiess' global operations, in [...]
Loop raises USD 25 mn co-led by General Catalyst, Elevation Capital
New Delhi, Apr 19 (PTI) Healthcare and insurance startup Loop on Tuesday said it has raised USD 25 million (over Rs 190 crore) in a funding round co-led by General Catalyst and Elevation Capital (formerly Saif Partners).The series B funding round also saw participation from leading Silicon Valley investor Vinod Khosla and Khosla Ventures, Sierra [...]
Centre fuelling inflation instead of controlling it: Jawhar Sircar
Kolkata, Apr 19 (PTI) TMC Rajya Sabha MP Jawhar Sircar Tuesday said West Bengal’s ruling party “strongly feels” that the BJP-led central government was “fuelling” inflation, instead of controlling it, due to its handling of the economic impact of the Russia-Ukraine crisis. He said the TMC also took exception to the Centre’s economic policies that [...]
Samsung aims 36% share of overall Indian TV market in 2022
New Delhi, Apr 19 (PTI) Consumer electronic maker Samsung India expects a nearly 25 per cent growth in the LED TV segment this year as well as aims to capture around 36 per cent share of the overall TV market by bringing products with the right proposition and new technologies, according to a senior company [...]
Kairali Ayurvedic Group eyes Rs 100 cr topline, budgets Rs 100 cr for expansion this fiscal
Mumbai, Apr 19 (PTI) Kairali Ayurvedic Group has budgeted Rs 100 crore investments towards domestic expansion and set a target of closing this fiscal with a Rs 100 crore topline. The group has pioneered the concept of ayurvedic spas by launching its maiden venture in Kerala's Palakkad district in the late 1990s.The group founder KV [...]
Headfone raises $10 mn led by Elevation Capital
New Delhi, Apr 19 (PTI) Audio entertainment platform Headfone has raised USD 10 million (about Rs 76 crore) in funding led by Elevation Capital. The series B funding round also saw participation from existing investor Hashed as well as prominent angels, including Ajit Mohan (founding CEO, Hotstar), Biswa Kalyan Rath (entertainer) and Anshumani Ruddra (group [...]
Reliance Brands to acquire 51% stake in Abu Jani Sandeep Khosla
Reliance Brands Ltd (RBL) on Tuesday said it will acquire a majority stake of 51 per cent in leading couture house Abu Jani Sandeep Khosla (AJSK) for an undisclosed amount. The Reliance group firm has signed a definitive agreement to invest either by itself or through its affiliates in AJSK, as per a joint statement. [...]
Ergos The GrainBank eyes up to Rs 2,000 cr revenue by FY24
Mumbai, Apr 19 (PTI) Bengaluru-based agritech company Ergos The GrainBank on Tuesday said it aims to garner Rs 2,000 crore revenue by 2023-24 as well as expand its footprint to 650 locations. The company is looking to expand across Bihar, Karnataka, Maharashtra and Uttar Pradesh in the next one year. It clocked over Rs 142 [...]
IMF pegs ‘fairly robust’ 8.2% India growth in 2022
Washington, Apr 19 (PTI) The International Monetary Fund on Tuesday projected a "fairly robust" growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than China's 4.4 per cent.The global growth has been projected at 3.6 per cent in 2022, down from 6.1 per [...]
HDFC Ltd divests 1% stake in Ansal Housing for nearly Rs 49 lakh
New Delhi, Apr 19 (PTI) Housing finance major HDFC Ltd on Tuesday divested 1 per cent stake in real estate company Ansal Housing & Construction Ltd through an open market transaction. According to bulk deal data available with the NSE, Housing Development Finance Corporation Ltd (HDFC) sold a total of 5,74,726 shares, amounting to 0.96 [...]
Rupee falls 21 paise to 76.50 per USD
Mumbai, Apr 19 (PTI) Sliding for the fourth straight session, the rupee depreciated by 21 paise to close at 76.50 against the US dollar on Tuesday, hit by persistent foreign fund outflows and prevailing risk-off sentiment globally amid geopolitical tensions. At the interbank foreign exchange market, the rupee opened at 76.34 against the American currency [...]
Nepal’s apex court stays govt order suspending Central Bank Governor amid forex woes
Kathmandu, Apr 19 (PTI) Nepal's Supreme Court on Tuesday stayed the government’s decision to suspend Central Bank Governor Maha Prasad Adhikari, amidst reports that the move was triggered due to his differences with Finance Minister Janardhan Sharma. A single bench of Justice Hari Prasad Phuyal issued a short-term interim order urging the government not to [...]
Facility management, security services cos to be part of ISF
Mumbai, Apr 19 (PTI) Indian Staffing Federation (ISF) on Tuesday said facility management and security services companies will be part of the grouping. The alignment between the subsects of the manpower outsourcing industry - facility management and security services - is similar and the current representation across the labour market issues impacts each of these [...]
TN to come up with Green Hydrogen policy, study scope for hi-speed train network
Chennai, Apr 19 (PTI) A Green Hydrogen Policy would be unveiled and a study would be taken up for identifying, in association with the Indian Railways, contours for setting up a highspeed rail corridor in the state, the Tamil Nadu government announced on Tuesday in the Assembly.The Industries Department shall be renamed as Industries, Investment [...]
Utilise Capex to enhance capacity, install environmentally-efficient tech: Steel Minister to CPSEs
New Delhi, Apr 19 (PTI) Steel Minister Ram Chandra Prasad Singh on Tuesday asked the steel CPSEs to utilise their Rs 1,3156-crore Capex to enhance the production capacity, modernisation of plants and install environmentally-efficient technologies.The minister made the above remarks while chairing a meeting of steel CPSEs to review the capital expenditure incurred by them [...]
IHCL announces new Taj hotel in Chennai
Chennai, Apr 19 (PTI) The Indian Hotels Company Ltd, the largest hospitality company on Tuesday announced signing an agreement to set up another Taj hotel in the city, as part of plans to strengthen its presence in key markets across the country. With the addition of the new hotel, IHCL would have 13 in Chennai, [...]
Hawking Defence Services, Australian UAV Technologies sign MoU
Chennai, Apr 19 (PTI): Technology start-up Hawking Defence Services Pvt Ltd on Tuesday said it has signed a memorandum of understanding with Australian UAV Technologies, a New South Wales- based Unmanned Aerial Vehicle and electronic company. The MoU would establish a joint venture company which would enable technology transfer, joint research and development and licensed [...]
Max Ventures and Industries to amalgamate with subsidiary Max Estates
New Delhi, Apr 19 (PTI) Max Ventures and Industries Ltd on Tuesday said its board has approved amalgamation of the company with its wholly-owned subsidiary Max Estates Ltd as a part of group's restructuring exercise and to focus completely on real estate business.In November, Max Ventures and Industries had announced an exit from specialty packaging [...]
Underdog Athletics becomes Under Armour’s exclusive licensee in India
New Delhi, Apr 19 (PTI) Underdog Athletics on Tuesday said it has been appointed as the exclusive distributor and licensee for the US-based athletic performance apparel and footwear brand Under Armour in India. As part of Under Armour's expansion in India, it plans to open 10 stores per year in the country along with expanding [...]
TN plans airport in industrial belt of Hosur
Chennai, Apr 19 (PTI) The Tamil Nadu government has planned to develop a new airport in the industrial belt of Hosur (in Krishnagiri district and located about 40 km from Bengaluru), and a study on air traffic and other aspects has been ordered, state Industries Minister Thangam Thennarasu said on Tuesday. The Tamil Nadu Industrial [...]
Volvo Cars India hikes vehicle prices by up to Rs 3 lakh
Luxury car maker Volvo Cars India on Tuesday said it has increased the prices of its entire model range with immediate effect in order to offset the impact of rising input costs. The prices have been increased in the range of Rs 1 lakh to Rs 3 lakh, the Swedish carmaker said in a statement. [...]
Kenyan envoy seeks investment from India
Kolkata, Apr 19 (PTI) Ambassador of Kenya, Willy Bet on Tuesday sought Indian investments to the African country in various sectors ranging from oil to healthcare. The other sectors where Bet sought Indian investment are agro-processing, financial business, tourism, manufacturing and textiles. Kenya, he said, offers to invest in areas like private insurance, renewable energy, [...]
Over 8.25 lakh jobs created under PMEGP in FY22: Govt
New Delhi, Apr 19 (PTI) The government on Tuesday said 1.03 lakh new manufacturing and service units were set up under its flagship scheme PMEGP along with creation of over 8.25 lakh jobs in the last financial year. "As compared to the previous year, 2020-21, the number of units and employment created under PMEGP has [...]
Shanghai reports 7 more COVID deaths as virus situation remains grim
Shanghai reported seven more deaths due to COVID-19 as the Chinese financial hub grapples with a record outbreak, taking the death toll in the country to 4,648 with over 21,400 new cases, most of them from the city. Seven new deaths from COVID-19 were reported on Monday in Shanghai in addition to the three a [...]
Rashmika, Varun Dhawan roped in as brand ambassadors of Kingfisher soda
Bengaluru, Apr 19 (PTI) United Breweries Limited on Tuesday announced it has signed actors Rashmika Mandanna and Varun Dhawan as ambassadors of its Kingfisher brand. The association will kick off Kingfisher’s ‘Spread the Cheer’ campaign, focused on celebrating this year as the ‘Year of the Cheer’, the Bengaluru headquartered company said in a statement. The [...]
SJVN ties up funds for 66-MW hydropower project in Himachal Pradesh
New Delhi, Apr 19 (PTI) State-owned SJVN Ltd has tied up funds for a 66-MW hydropower project in the Hamirpur and Kangra districts of Himachal Pradesh.Nand Lal Sharma, Chairman & Managing Director of SJVN Ltd, in a statement, informed that the financial closure for the 66 MW Dhaulasidh Hydro Electric Project situated in Hamirpur and [...]
Savein raises Rs 30 cr
New Delhi, Apr 19 (PTI) Fintech startup Savein on Tuesday said it has raised USD 4 million (about Rs 30 crore) from a clutch of investors based in Silicon Valley and Europe. Savein focuses on outpatient and elective healthcare procedures like dental, eye care, veterinary, diagnostics, dermatology, hair care, fertility, wellness and alternate therapies, among [...]
Direct selling entities in compliance with all laws: ADSEI
New Delhi, Apr 19 (PTI) The Association of Direct Selling Entities of India (ADSEI) on Tuesday said its members operate maintaining transparency and in compliance with the strict guidelines and regulatory framework in the country. This comes a day after the Enforcement Directorate (ED) attached assets worth over Rs 757 crore of Amway India, as [...]
Malabar Gold and Diamonds eyes revenue of Rs 45,000 cr in FY23
Mumbai, Apr 19 (PTI) Jewellery retailer Malabar Gold and Diamonds on Tuesday said it aims to garner Rs 45,000 crore in revenue this fiscal on the back of company's robust retail expansion plans. It plans to open 97 showrooms, including 60 across India and 37 overseas. This will take the company's total showroom count to [...]
Lanka PM Mahinda Rajapaksa proposes to curb presidential powers amid anti-govt protests
Colombo, Apr 19 (PTI) Sri Lanka's embattled Prime Minister Mahinda Rajapaksa on Tuesday proposed to restore the 19th Amendment to the Constitution to curb the powers of his younger brother Gotabaya Rajapaksa and empower Parliament, as protests intensified against the government over its handling of the country's debt-ridden economy. Sri Lanka is grappling with unprecedented [...]
Gautam Adani earned $43.9 Billion in less than 4 months; Now among world’s top 6 richest
Indian business tycoon Gautam Adani has joined the $100 billion club of the richest entrepreneurs in the world. Currently, his net worth is a little over $120 Billion and he is at Rank 6 on the Bloomberg Billionaires Index. His net worth has increased by 57.4% YTD (year to date). With this, he is only [...]
Solar plant in JK’s Samba district completed in record 20 days: Union Min Jitendra Singh
Jammu, Apr 19 (PTI) Ahead of Prime Minister Narendra Modi’s visit, the 500-Kilowatt Solar Plant at Palli Panchayat in Jammu and Kashmir’s Samba district has been completed in a record time of 20 days, Union Minister Jitendra Singh said on Tuesday.Singh, accompanied by Central Electronics Limited chairman and Managing director Prakash Jain, visited the plant [...]
MuskMelon NFTs gave phenomenal return of nearly 6000% the day it got listed
New Delhi (India), April 19: MuskMelon, a utility token developed on Binance Smart Chain and Ethereum, took the world of NFTs (Non-Fungible Tokens) and Gaming by storm. MuskMelon was listed on Bitmart and XT platforms on 15 April 2022. Within the first hour of trade, The Melon token was up by 2900% and rose nearly [...]
Renewable Energy Titan ReNew Power Selects Librestream’s Remote Collaboration Solution to Help Lead India’s Energy Transformation
Librestream's Onsight solution, the leading augmented reality platform, set to support ReNew Power's sustainability and clean energy efforts in India MUMBAI, India and WINNIPEG, MB and RALEIGH, N.C, April 19, 2022 /PRNewswire/ -- Librestream, the #1-rated remote technology platform for the industrial deskless workforce, today announced ReNew Power ('ReNew'), the leading renewable energy company in [...]
Sri Lanka requests IMF for rapid financial aid amidst current economic crisis
Washington/Colombo, Apr 19 (PTI) Sri Lanka’s Finance Minister Ali Sabry has met IMF Managing Director Kristalina Georgieva in Washington and made a request for a Rapid Financing Instrument (RFI) amidst the unprecedented economic crisis in the island nation, a media report said on Tuesday. The RFI, which is available to all member countries of the [...]
Sequoia Capital India’s Shailendra Singh steps down from Zilingo
New Delhi, Apr 19 (PTI) Sequoia Capital India's Shailendra Singh has stepped down from the board of Singapore-based Zilingo Pte following questions over the fashion technology startup's accounting practices, sources said. Zilingo, a platform for fashion merchants backed by Singaporean state-owned investor Temasek Holdings, was co-founded in 2015 by CEO Ankiti Bose alongside Dhruv Kapoor, [...]
Lovely Professional University Releases a Research Report on Cryptocurrency
Cryptocurrency: A revolution or a gimmick was conducted by Prof. (Dr.) Vishal Sarin, Teaching Economics at Mittal School of Business, Lovely Professional University New Delhi, Delhi, India (NewsVoir) “If you don’t believe it and don’t get it, I don’t have the time to try to convince you. Sorry.” This is how Satoshi Nakamoto, a pseudonymous [...]
SBI, BoB, others hike lending rates by up to 0.1 pc; EMIs to go up
New Delhi, Apr 19 (PTI) EMIs for home, car and personal loans are set to go up for existing borrowers, with State Bank of India (SBI) and other major lenders including Bank of Baroda (BoB), Axis Bank and Kotak Mahindra Bank increasing their benchmark lending rates by up to 0.10 per cent. The lending rate [...]
Fintech Kinara Capital Secures INR 380 Cr in Equity, Led by Nuveen
Fresh Equity Round comes from Nuveen’s Global Impact Fund and Triple Jump’s ASN Microkredietfonds Bengaluru, Karnataka, India – Business Wire India • Kinara Capital closes Series E round and marks 7th year of profitability • Fintech aims 5X growth by increasing book size to INR 6,000 Cr by 2025 • Two new members from Nuveen [...]
CryptoBiz Launches Major Upgrade to existing Crypto Platform
Phased Revamp includes easier access to a safer and easier withdrawals New Delhi, 19th April, 2022- Leading digital exchange platform, CryptoBiz has recently launched a phased overhaul of its cryptocurrency trading platform to prioritise customer experience and interface by allowing seamless access to digital assets across centralized and decentralized exchanges. While the beta version is [...]
HarperCollins announces the publication of Lost Girl by Sana Shetty
NEW DELHI, April 19, 2022 /PRNewswire/ -- This May, HarperCollins India will be releasing Lost Girl by Sana Shetty, a gripping tale that uncovers deadly secrets from a mysterious young girl's past. The book is by debut author Sana Shetty, a crime thriller and true crime buff. In a small nondescript hamlet at the foothills [...]
COVID pandemic has thrown open new challenges & opportunities for the scientists says Nobel Laureate Sir Richard John Roberts
Nobel Laureate Sir John Roberts awards degrees to 1,017 science stream students at Chandigarh University's Annual Convocation-2022 The Science of Biotechnology has the potential to change the world and make it a better place to live says Noble Laureate Sir Richard John CHANDIGARH, India, April 19, 2022 /PRNewswire/ -- "The situation of crisis throws open [...]
Infrastructure Cos should float their own NBFCs to fund road construction related projects: Gadkari
New Delhi, Apr 19 (PTI) Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said infrastructure companies should also float their own non-banking financial companies (NBFCs) to fund road construction related projects. Gadkari further said the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry's Power Finance [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 19 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 69,881.00 70,344.00 STANDARD GOLD (99.5) : 53,072.00 53,285.00 PURE GOLD (99.9) : 53,285.00 53,499.00 -------------------- PTI MUM SSBSSB SSB
Jio tops 4G download speed chart, Vi leads in upload speed in March: TRAI data
New Delhi, Apr 19 (PTI) Reliance Jio retained its top position with the highest average data download speed among 4G service providers in March at 21.1 megabit per second, according to latest data published by the Telecom Regulatory Authority of India (TRAI). Vodafone Idea (VIL) and Bharti Airtel recorded a minor decline in speed at [...]
Coal shortages at thermal plants indicate looming power crisis: AIPEF
New Delhi, Apr 19 (PTI) Thermal plants across the country are grappling with coal shortages, indicating a looming power crisis in the country, said All India Power Engineers Federation (AIPEF)."Thermal plants across the country are grappling with a coal shortage as the power demand in the states has increased, and a number of states are [...]
Russian officials in talks with Indian govt, RBI to find solution on payments: Russian diplomat
Mumbai, Apr 19 (PTI) Welcoming India's stance on the Ukranian crisis, a senior Russian diplomat on Tuesday said Moscow and New Delhi are attempting to find a solution on the payments front amid the sanctions imposed on Russia by western countries. The "complicated situation" created by the sanctions following the Russian invasion of Ukraine, where [...]
SBM Bank India raises Rs 125 cr via bonds
Mumbai, Apr 19 (PTI) SBM Bank India, a wholly-owned subsidiary of State Bank of Mauritius, on Tuesday announced that it has raised Rs 125 crore through sales of bonds. The bank raised money by issuing Basel-III compliant Tier-II bonds having maturity period of 10 years, it said in a statement. Additionally, it also raised Rs [...]
Markets succumb to fag-end sell-off, extend losing streak to 5th day
Mumbai, Apr 19 (PTI) Equity indices tripped in the last half-an-hour of trade on Tuesday to notch up losses for the fifth consecutive session as finance and IT counters continued to bear the brunt of heavy selling amid negative global cues. Russia ramping up its offensive in Ukraine, coupled with unabated foreign fund outflows, a [...]
Pomila Jaspal shatters glass ceiling, becomes 1st woman Director (Fin) at ONGCC
New Delhi, Apr 19 (PTI) Pomila Jaspal has on Tuesday shattered the glass ceiling, becoming the first woman Director (Finance) of India's top oil and gas producer ONGC, the firm said.Oil & Natural Gas Corporation (ONGC) now has an unprecedented two women executive directors - Alka Mittal is the acting chairperson and managing director as [...]
AkzoNobel India Launches the All New Dulux Velvet Touch with Tru Color Technology
New Delhi, Delhi, India (NewsVoir) Dulux, the flagship decorative paint brand from AkzoNobel India today unleashed the next generation of colour innovation for consumers in India. Dulux’s iconic Velvet Touch ultra-luxury interior emulsions now come power-packed with the Tru Color technology edge across the entire range (of Dulux Velvet Touch Diamond Glo, Dulux Velvet Touch [...]
BML Munjal University Announces Propel Pitchfest22
An initiative by ACIC, Propel Incubators at BML Munjal University to fuel new ideas and innovations of young startups Gurugram, Haryana, India (NewsVoir) • The pitchfest to include contests for startups with basket worth INR +15 lacs • The two-day fest will host panel discussions, master class,pitching contest sessions • The fest will bring forth [...]
Skoda Auto Volkswagen commences third shift at Pune plant
New Delhi, Apr 19 (PTI) Skoda Auto Volkswagen India on Tuesday said it has commenced the third shift at its manufacturing plant in Pune to cater to the enhanced demand for its model range in the country. Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) manages the Indian operations of five Volkswagen Group brands – Skoda, [...]
Chalk out plan to reduce dependency on private players for seeds: Tomar to states, central bodies
New Delhi, Apr 19 (PTI) Ahead of the upcoming kharif season, Agriculture Minister Narendra Singh Tomar on Tuesday urged state governments and central institutions to chalk out a strategy to boost seed production and reduce farmers' dependency on private players.Tomar, while addressing a conference on the government's preparedness for the kharif season, said the state [...]
Fintech Recur Club raises $30 mln from Infoedge Ventures, Village Global, others
Mumbai, Apr 19 (PTI) Fintech platform Recur Club has closed its seed round by mopping up USD 30 million (over Rs 229 crore) in a mix of equity and debt from Infoedge Ventures, Village Global and others. Singapore and New Delhi-based Recur Club's trading platform allows companies to trade their future customer revenue at a [...]
Biliti lines up USD 150 mn to set up electric three-wheeler facility in Telangana
New Delhi, Apr 19 (PTI) US-based Biliti Electric Inc on Tuesday said it is planning to invest USD 150 million (around Rs 1,144 crore) to set up an electric three-wheeler plant with a production capacity of 2.5 lakh units per year in Telangana.The new plant is estimated to drive private investment of USD 150 million [...]
Domestic financial conditions to tighten in coming months: Report
Mumbai, Apr 19 (PTI) Financial conditions are going to tighten in the country over the next few months due to the likely increase in capital outflows, driven by rising external shocks and domestic vulnerability, Crisil Ratings said in its report on Tuesday. The agency said its Financial Conditions Index (FCI) dropped below the zero-mark in [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 19 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 812.00 COPPER HEAVY SCRAPS 801.00 COPPER ARMATURE (CREDIT) 782.00 COPPER UTENSILS SCRAP 722.00 CC ROD 863.00 CC ROD (RECYCLED) 812.00 BRASS :- BRASS SHEET CUTTING 590.00 BRASS UTENSIL SCRAP 555.00 BRASS HONEY [...]
Don’t impose Covid curbs based on positivity rate alone: Traders’ body to DDMA
New Delhi, Apr 19 (PTI) The Chamber of Trade and Industry (CTI) on Tuesday appealed to the Delhi Disaster Management Authority (DDMA) not to impose coronavirus restrictions merely on the basis of positivity rate. The traders' body in a letter to the DDMA also requested it to make it mandatory to wear masks in public [...]
OILSEEDS PRICES
APRIL 19, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1650.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1840.00 Sunflower Exp.Ref. 1900.00 Cottonseed(Refined) 1635.00 Refined Palm Oil 1502.00 Soyabean Ref. 1575.00 Imp.Soyabean Crude - Rapeseed Ref. 1530.00 Rapeseed Exp. 1500.00 Copra white 1530.00 Rice Bran 4-7% FFA - Rice Bran 1350.00 Linseed 1600.00 [...]
GOVO introduces new variants to GOBUDS and GOKIXX series
GOBUDS 902, 901 and GOKIXX 651 now available for customers BENGALURU, India, April 19, 2022 /PRNewswire/ -- Further expanding their audio products portfolio, GOVO has announced the launch of the all-new GOBUDS 901, GOBUDS 902 under the truly wireless category and the GOKIXX 651 in the neckband category. The variants are currently available for purchase [...]
INOXCVA awarded contract to set up Mini LNG Terminal for Caribbean LNG in Antigua
VADODARA, India, April 19, 2022 /PRNewswire/ -- Indian multinational and one of the world's leading manufacturers of cryogenic equipment and solutions provider, INOXCVA has been awarded a contract by Caribbean LNG Inc. for Design, Engineering & Supply on a turnkey basis for a Mini LNG receiving and regasification terminal to be set up in Antigua, [...]
Ujjivan SFB Reports Continued Business Traction in Q4 FY22; The Bank’s Highest Ever Disbursement; Collection at 100 Percent
Mumbai, Maharashtra, Bangalore, Karnataka, India – Business Wire India • The Bank’s highest ever quarterly disbursement in FY22 Q4, 14 per cent rise to INR 4,870 crore, coupled with quarterly improvement in asset quality parameters, PAR at 9.6 per cent down from 14.9 per cent; GNPA reduced to 7.1 per cent from 9.8 per cent [...]
Initiative on Hemophilia Care VI Conference 2022
A sensitization program and the way forward organized by HFI in association with the Ministry of Health and Family Welfare New Delhi, Delhi, India (NewsVoir) • Hemophilia Federation (India) in association with the Ministry of Health & Family Welfare, celebrated “World Hemophilia Day” by hosting one of India’s biggest conferences in New Delhi on 17th [...]
India’s oilmeals exports fall 37 pc to Rs 5,600 crore in FY22: SEA
New Delhi, Apr 19 (PTI) India's oilmeals exports declined 36 per cent to 23.73 lakh tonnes in the last fiscal, while in value terms the shipments were down 37 per cent to Rs 5,600 crore on lower sale of soyabean meal in the overseas markets, according to industry data. Solvent Extractors' Association of India (SEA) [...]
TMC RS chief whip urges Centre to intervene in resolving jute crisis
Kolkata, Apr 19 (PTI) Asserting that the jute industry is on the verge of collapse, endangering the livelihood of three crore people engaged in this sector, Trinamool Congress Chief Whip in the Rajya Sabha, Sukhendu Sekhar Ray, sought the intervention of the Centre to resolve the crisis.For this situation, Ray blamed the Jute Commissioner's Office [...]
Two-wheeler demand remains weak compared with last year: Icra
New Delhi, Apr 19 (PTI) Demand for two-wheelers continues to be weak while that for passenger and commercial vehicles remains robust as compared with last year, a survey on automobile dealerships by ratings agency Icra has revealed. Automobile dealership industry has been witnessing several headwinds in the recent past, including subdued demand for two-wheelers (2W), [...]
Cigniti bags $10 mn deal from US-based financial institution
New Delhi, Apr 19 (PTI) IT firm Cigniti Technologies has bagged a deal with an annual contract value of over USD 10 million (about Rs 76 crore) from one of the largest and oldest financial services firm in the US to accelerate the digital transformation of the firm, the company said on Tuesday.Without disclosing the [...]
Eeki Foods raises USD 6.5 mn from General Catalyst, others
New Delhi, Apr 19 (PTI) Agritech startup Eeki Foods has raised USD 6.5 million (about Rs 49 crore) from investors led by General Catalyst for expansion and growth. Among others, Avaana Capital, Better Capital, Irving Fain, CEO and Founder of Bowery Farming, Subbu Palaniappan, Director & Head of Amazon Prime India, Srinivas Narayanan, former VP [...]
Bill amending laws governing CAs, cost accountants, company secretaries receives President’s assent
New Delhi, Apr 19 (PTI) The legislation amending the laws governing chartered accountants, cost accountants and company secretaries has received the assent of President Ram Nath Kovind.The bill, which provides for substantial changes and ensures more transparency with respect to the functioning of the apex institutes of the three professions, was cleared by Parliament on [...]
The Chennai Angels announces investment of Rs 6 crore in Jidoka Technologies
Chennai, Apr 19 (PTI) Angel investment group The Chennai Angels has announced lines of investment worth Rs 6 crore in Jidoka Technologies, which is engaged in automation of visual defects and audio testing, the company said on Tuesday. With Rs 3 crore to be invested in the initial round, a follow-on investment of Rs 3 [...]
PEPPER COPRA CLOSING RATE
MUM PEPPER COPRA CLOSING RATES MUMBAI, APR 19 (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 1750 T.P ------------ PTI MUM [...]
Ajmera Realty & Infra to launch six projects in next two financial years
New Delhi, Apr 19 (PTI) Ajmera Realty & Infra India Ltd on Tuesday said it will launch six projects in Mumbai and Pune during the next two financial years and it expects to generate sales worth Rs 4,000 crore. In a regulatory filing, the company said it expects "to clock in sales worth around Rs [...]
India’s first portable solar rooftop system unveiled in Gandhinagar
New Delhi, Apr 19 (PTI) The country's first portable solar rooftop system was inaugurated at Swaminarayan Akshardham temple complex in Gandhinagar on Monday.The installation of 10 PV Port systems in the temple complex has been supported by the German development agency Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ), a statement said.The systems have been installed under [...]
Flipkart acquires ANS Commerce to strengthen e-commerce ecosystem in India
Walmart group's e-commerce firm Flipkart on Tuesday said it has acquired ANS Commerce to strengthen its online retail ecosystem in the country. Post the acquisition ANS Commerce will continue to operate as an independent e-commerce solutions platform under its existing leadership team, Flipkart said in a statement. "Our association with ANS Commerce started last year [...]
Intas Pharmaceuticals and Comera Life Sciences Announce Research Collaboration
AHMEDABAD, India, April 19, 2022 /PRNewswire/ -- Today, Intas Pharmaceuticals Ltd. announced a research collaboration with Comera Life Sciences, Inc., to develop a new generation of bio-innovative biologic medicines to improve patient access, safety, and convenience. Under the terms of the partnership agreement, Comera will develop a differentiated formulation of an Intas product using Comera's [...]
Majority of tenants ready to pay higher rent to lease green buildings: Report
New Delhi, Apr 19 (PTI) Majority of the corporates are willing to pay premium to take green certified buildings on lease as sustainability has become an important consideration along with location and rental, according to property consultant JLL. In its report 'Sustainable real estate: India's response to a greener future', the consultant said that sustainability [...]
India’s largest online broker Zerodha posts 60% increase in profits & revenues YoY
Zerodha, one of India’s largest online brokerages has posted almost a 60% YoY jump in both its profits and revenues. Its profit is ₹ 1,800 crores, while its revenue is ₹ 4,300 Crores as per the company’s public filings. FY’20FY’21FY’22Revenue₹ 938.4 Cr₹ 2,729 Cr₹ 4,300 Cr*Profit₹ 424 Cr₹ 1,122 Cr₹ 1,800 Cr*Active User Base1.4 Million3.6 [...]
NPPA fixes retail prices of 15 drug formulations
New Delhi, Apr 19 (PTI) The National Pharmaceutical Pricing Authority (NPPA) on Tuesday said it has capped retail prices for 15 formulations used to treat various diseases, including diabetes. The drug pricing regulator said the prices have been fixed after a meeting held in the last week of March. Companies producing these medicines will now [...]
EV maker Etrio Automobiles ropes in Prabhakar Kadapa as board member
New Delhi, Apr 19 (PTI) Startup electric vehicles (EV) maker Etrio Automobiles Pvt Ltd on Tuesday said an automotive industry veteran, Prabhakar Kadapa, has joined its board of directors. Kadapa served most recently as the CEO & Managing Director (MD) at PSA AVTEC Powertrain Pvt Ltd, a joint venture between PSA Groupe, France and CK [...]
Procter & Gamble names L V Vaidyanathan as CEO for India operations
New Delhi, Apr 19 (PTI) Global FMCG firm Procter & Gamble on Tuesday announced the appointment of L V Vaidyanathan as the Chief Executive Officer for its operations in India from July 1, 2022. Vaidyanathan will take over from Madhusudan Gopalan, who will be taking up a leadership role within P&G as Senior Vice President [...]
Guar gum futures gain on spot demand
New Delhi, Apr 19 (PTI) Guar gum prices on Tuesday gained Rs 138 to Rs 12,547 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 138 or 1.10 per cent at Rs 12,547 [...]
Sitharaman discusses geopolitical issues with IMF chief; highlights India’s efforts to support growth
Washington, Apr 19 (PTI) Finance Minister Nirmala Sitharaman on Tuesday discussed a range of issues, including the current geopolitical situation and its economic impact, with IMF chief Kristalina Georgieva, and highlighted the Indian government's commitment to support growth through capital expenditure. During the meeting with Georgieva on the sidelines of the ongoing annual spring meetings [...]
Guar seed futures decline amid ample supplies
New Delhi, Apr 19 (PTI) Guar seed prices on Tuesday declined by Rs 58 to Rs 6,463 per 10 quintals in futures trade due to abundant supplies in the market. On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery fell by Rs 58 or 0.90 per cent to Rs 6,463 per [...]
Refinery margins, inventory gains to offset losses on petrol, diesel: Fitch
New Delhi, Apr 19 (PTI) State-owned fuel retailers IOC, BPCL and HPCL may suffer marketing losses in January-March 2022 quarter for holding petrol and diesel prices despite a rise in cost but robust core refining margins and windfall inventory gains should mitigate the potential losses in near term, Fitch Ratings said Tuesday. The three fuel [...]
Sitharaman meets IMF chief; discusses impact of geopolitical situation on global growth
Washington, Apr 19 (PTI) Finance Minister Nirmala Sitharaman on Tuesday met IMF managing director Kristalina Georgieva and discussed a range of issues, including impact of geopolitical situation on global growth. During the meeting held on the sidelines of the ongoing annual spring meetings of the International Monetary Fund (IMF) and the World Bank, the IMF [...]
Metawood Launches Sher Shivraj Trailer; First Marathi Movie Trailer in Metaverse
Mumbai, Maharashtra, India (NewsVoir) UFO Moviez and Mumbai Movie Studios (MMS) along with visionary Director Shri. DigpalLanjekar to bring the trailer of movie Sher Shivraj to the Metaverse, making it the very first Marathi movie to be launched through the Metaverse. And to carry on the historical task Metawood was given the responsibility. The world [...]
Reiterating workplace empowerment through cultural understanding in an inclusive & diverse environment
Delhi, 19th April 2022: With organizations strengthening their commitment towards building diverse and inclusive work cultures, D&I company The Bridge is enabling them to equip cutting edge skills such as cultural intelligence and cross-cultural exchange for better brand awareness, talent attractiveness and to build diverse and inclusive work cultures in the truest sense. The pandemic [...]
Protean InfoSec, a Protean e-Gov Subsidiary, Formerly NSDL e-Gov and TAC Security Enter Into Alliance to Offer Next-Gen Vulnerability Management With Cyber Score to Businesses in India
An alliance to take cybersecurity in India to its new heights with state of art technology. Mumbai, Maharashtra, India – Business Wire India TAC Security and Protean InfoSec Services Limited (Subsidiary of Protean eGov Technologies Limited - Formerly NSDL e-Governance Infrastructure Limited)are pleased to announce their partnership to offer Full-Cycle Vulnerability Management Detection and Response [...]
Sitharaman assures Lankan counterpart of all possible assistance from India
Washington, Apr 19 (PTI) Finance Minister Nirmala Sitharaman has met her Sri Lankan counterpart Ali Sabry here and assured him that as a close friend and good neighbour, India will try to extend all possible cooperation and assistance to the island nation amidst its worst economic crisis. Sri Lanka, which is on the brink of [...]
Crude oil futures decline on low demand
New Delhi, Apr 19 (PTI) Crude oil futures on Tuesday dropped by 1.7 per cent to Rs 8,175 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for May delivery fell by Rs 141 or 1.7 per cent to Rs 8,175 per barrel with a business volume [...]
Honda City e:HEV production starts; launch early next month
New Delhi, Apr 19 (PTI) Honda Cars India Ltd (HCIL) on Tuesday said it has started production of the upcoming electric hybrid version of its popular sedan, City. The new 'Honda City e:HEV' will be launched early next month. It is being manufactured at the company's manufacturing facility at Tapukara in Rajasthan. Customers can book [...]
BULLION OPENING RATE
BULLION OPENING RATE MUMBAI, APRIL 19 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 69,881.00 STANDARD GOLD (99.5) : 53,072.00 PURE GOLD (99.9) : 53,285.00 -------------------- PTI MUM SSBSSB SSB
SBI EXCHAGE RATE
SLUG: DIRECT EXCHANGE RATES SBI BCM – ESPL/ECO/COM MUMBAI,APRIL 19,2022 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 75.55 77.05 75.49 77.21 EUR/INR 80.8 83.57 80.74 83.73 GBP/INR 97.65 100.76 [...]
Sitharaman for regulating crypto at global level to check money laundering, terror funding
Washington, Apr 19 (PTI) Finance Minister Nirmala Sitharaman on Tuesday made a strong case for regulating cryprocurrencies at a global level to mitigate the risk of money laundering and terror funding. Participating at a high-level panel discussion organised by the IMF, the Finance Minister said that as long as the non-governmental activity of the crypto [...]
MONEY MARKET OPERATION
Date : Apr 19, 2022 Money Market Operations as on April 18, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 523,225.62 3.50 0.01-5.50 I. Call Money 9,253.55 3.51 2.20-3.85 II. Triparty Repo 406,126.60 3.56 3.30-3.60 III. Market Repo 107,743.47 3.27 0.01-3.75 [...]
Poonawalla Fincorp Enters Digital Consumption Loans Space
Pune, Maharashtra, India – Business Wire India Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited), has entered digital consumption loans space through a tie up with KrazyBee. Under this partnership Poonawalla Fincorp will offer small ticket personal loans to individuals. Poonawalla Fincorp focusses on consumer and small business finance as a part of its stated strategy. [...]
AIM Publishes Fourth Annual List of Top 50 Companies in India for Data Scientists to Work For
Bengaluru, Karnataka, India – Business Wire India Analytics India Magazine (AIM) launched its annual report “Top 50 Companies for Data Scientists To Work For”, which ranks organisations in India based on how well suited their policies are for their data science employees. AIM surveyed hundreds of employers in India to glean insights on how they [...]
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