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2 Transformer stocks announce expansion plans to meet India’s growing power demand
The Indian transformer market is expected to grow at a compound annual growth rate (CAGR) of 4.7 percent between 2024 and 2030, reaching $57.8 billion. One of the primary drivers of the power transformer market is the global increase in power demand. The Central Electricity Authority projects that capital expenditure (capex) in the power transmission [...]
Renewable energy stocks with 3 years net profit CAGR of up to 53% to keep an eye on
According to PIB, India is a global leader in renewable energy, ranking third in production with 40% of its installed capacity (approximately 160 GW) from non-fossil sources. The country aims for 500 GW of renewable energy capacity by 2030, reflecting its commitment to sustainable development amid a population exceeding 1.4 billion. Here are the renewable [...]
Zomato, Varun Beverage and 43 other stocks included in Nifty F&O segment
The National Stock Exchange has announced the addition of 45 stocks in the new list of futures and options segment, with notable entrants being Zomato, Varun Beverages, FSN E-Commerce, and many others, available for trading in the F&O segment from November 29 check it out. Adani Energy Solutions With a market capitalization of Rs. 1,05,400 [...]
Realty stock to buy now for an upside of 45%; Do you own it?
India's residential and commercial projects industry is experiencing significant growth, with the residential construction market projected to reach USD 189.80 billion in 2024, expanding to USD 272.67 billion by 2029. Concurrently, the commercial real estate sector is expected to grow from USD 40.71 billion in 2024 to USD 106.05 billion by 2029, reflecting a robust [...]
Solar stock jumps 15% after receiving order worth ₹33 Cr from GMRC for solar power project
Shares of this solar company surged over 15 percent on Thursday after securing a Rs.33.2 crore solar project contract from the Gujarat Energy Development Agency and Corona Remedies Pvt. Ltd. Share price movement In Thursday’s trading session, Trom Industries Ltd shares reached an intra-day high of Rs.260.00 per share, rising 15.14 from the previous close [...]
Power stock to buy now for an upside of more than 30%; Do you own it?
The Heavy Electrical Equipment sector in India is pivotal for the energy landscape, contributing significantly to the economy. With an installed power generation capacity of 298,325 MW (conventional) and 143,645 MW (renewable) as of March 2024, the industry is projected to grow by USD 76.24 billion at a CAGR of 14.3% from 2023 to 2028. [...]
Ashish Kacholia stock falls 7% despite announcing 57% YoY increase in net profits
During Thursday’s trading session, the shares of the company in the business of marketing & distribution of dental products slumped by 7.7 percent to Rs. 580.1 on NSE, despite reporting Q2 FY25 results with a rise in net profit by nearly 54 percent QoQ and 57.3 percent YoY. With a market cap of Rs. 469.8 [...]
Waste management stock jumps 5% after company’s net profit increases by 96% YoY
Waste Management stock engaged in providing comprehensive services for recycling Electrical and Electronic Equipment (EEE) such as air conditioners, refrigerators and many more jumped upto 3 percent in the day’s following 96 percent jump in Net Profits. Price Action With a market capitalization of Rs. 487 Crores, the shares of Namo Ewaste Management Limited were [...]
Stock hits 20% upper circuit after reporting 75% YoY increase in net profits
Shares of this micro-cap stock engaged in manufacturing fixed speed and variable speed fluid couplings hit a 20 percent upper circuit following an increase in net profits of over 75 percent year-on-year and significant revenue growth as well. Price Movement The share price of Fluidomat Ltd hit a 20 percent upper circuit to Rs.694.25 per [...]
Semiconductor stock hits 5% upper circuit after announcing 485% YoY increase in net profits
Semiconductor stock which is the largest global producer of interactive media content for the automotive industry and engaged in providing automotive retail solutions for dealerships worldwide, and many more hits a 5 percent upper circuit in the day’s trade following 485 percent jump in Net Profits in Q2FY25. Price Action With a market capitalization of [...]
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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
Torry Harris wins DevOps excellence award for the best AIOps/MLOps tool
NEW YORK, BRISTOL, England and BANGALORE, India, April 19, 2022 /PRNewswire/ -- Torry Harris Integration Solutions (THIS), a recognized leader in integration strategy, API Management and delivery, today announced its win in this year's DevOps Excellence Award for '4Sight' - an AIOps/MLOps based analytics and prediction tool. 4Sight can solve the problem of fragmented data [...]
Xirify is on a Massive Integration Spree to Bring A Sustainable, Cost-effective Online Shopping Solution
PUNE, India, April 19, 2022 /PRNewswire/ -- Xirify- a Pune-based hyperlocal, quick commerce App for ordering products and services announced integration of Cashfree Payments, Petpooja, Gupshup, Exotel, and Brozo (Previously known as Wefast), to become a one-stop order management solution for business partners. Having created a mark for itself in the marketplace which is to [...]
Sithraman meets IMF chief; discusses impact of geopolitical situation on global growth
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 chief highlighted India's well-targeted [...]
Mindtree shares jump 3% after Q4 earnings
Shares of IT company Mindtree on Tuesday climbed 3 per cent in early trade after the firm registered a 49.1 per cent jump in consolidated net profit in the fourth quarter of FY22. The stock jumped 3 per cent to Rs 4,080 on the BSE. At the NSE, it gained 3 per cent to Rs [...]
Cycle Pure Agarbathi announces Winners of its First-ever Virtual Cycle Heritage Quiz 2021
The quiz had more than 30,000 participants from across India and the winners received iPhone 12 along with gift vouchers Bengaluru, Karnataka, India (NewsVoir) Cycle Pure Agarbathi, India’s largest selling prayer brand, concluded its first-ever Virtual Cycle Heritage Quiz 2021 as part of its quest for India’s young heritage champions. The competition recorded 30,000 plus [...]
FM Sitharaman meets IMF chief, discusses impact of recent ‘geopolitical developments’ on global economy
Washington, Apr 19 (PTI) Finance Minister Nirmala Sitharaman on Tuesday held talks with IMF chief Kristalina Georgieva during which they voiced concern over the impact of the recent "geopolitical developments" on the global economy and the challenges faced by countries due to rising energy prices.Sitharaman, who arrived in Washington on Monday, met the International Monetary [...]
Higher forex reserves lower cost of foreign borrowings, hedging cost: RBI article
Mumbai, Apr 18 (PTI) Higher foreign exchange reserves have lowered the cost of foreign borrowings and also the hedging cost for companies, according to a paper published in RBI's monthly bulletin.Since 2019, the RBI has been accumulating forex reserves that peaked at USD 642.453 billion in the week ended September 3, 2021, which was more [...]
Cargo volume at Mumbai airport rises 30% to 5.57 MT in FY22
Mumbai, Apr 18 (PTI) Mumbai international airport on Monday said it witnessed 5,56,900 metric tonnes of cargo movement during the financial year 2021-22, an increase of 30 per cent from the previous fiscal. The total exports from the cargo terminal stood at 2,96,300 MT while the inbound shipments recorded at 2,60,600 MT in FY22, Chhatrapati [...]
Lankan Prez Gotabaya Rajapaksa regrets banning chemical fertilisers and not going to IMF for bailout earlier
Colombo, Apr 18 (PTI) Embattled Sri Lankan President Gotabaya Rajapaksa on Monday said he regretted the decision to ban chemical fertilisers in 2020, which resulted in massive drop in food production and large-scale protests in the country. Rajapaksa also said his government should have opted to go for an International Monetary Fund (IMF) bailout much [...]
Sebi issues operational guidelines for covenant monitoring with DLT
New Delhi, Apr 18 (PTI) Capital markets regulator Sebi on Monday said it has issued operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT). In August, the regulator specified the manner of recording of charges by issuers and manner of monitoring by debenture trustees, credit rating agencies and responsibilities, among others. The [...]
Fujitsu launches new research centre in Bengaluru
New Delhi, Apr 18 (PTI) Fujitsu on Monday announced the launch of a new research centre in Bengaluru as the Japanese tech titan underlined its firm commitment to India. Fujitsu currently has a significant delivery centre footprint in India, and the new research center (Fujitsu Research of India) will initially focus on Artificial Intelligence (AI) [...]
No impact of Lankan crisis on domestic cos as it accounts for just 64 bps of trade: Report
Mumbai, Apr 18 (PTI) Stating that Sri Lanka accounts for just 64 bps of India's Exim trade that crossed USD 1 trillion in FY22, a rating agency report said the deepening economic crisis in the island nation has no material impact on domestic companies.The island nation has been on the boil since March with depleted [...]
RBI imposes Rs 17 lakh fine on Manappuram Finance for violating KYC, PPI norms
Mumbai, Apr 18 (PTI) The Reserve Bank of India (RBI) has imposed a fine of over Rs 17 lakh on non-banking finance company Manappuram Finance for violating KYC guidelines as well as norms related to prepaid payment instruments. The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the [...]
Jwalamukhi Investment sells TVS Motor shares worth Rs 212 cr
New Delhi, Apr 18 (PTI) Jwalamukhi Investment on Monday offloaded TVS Motor Company's shares worth Rs 212 crore through an open market transaction. However, the buyer(s) of the shares could not be ascertained immediately. According to bulk deal data available with the National Stock Exchange (NSE), Jwalamukhi Investment sold a total of 32,62,840 shares of TVS [...]
MoEVing expands presence; plans to deploy 5,000 more electric vehicles this year
Mumbai, Apr 18 (PTI) E-mobility tech platform MoEVing on Monday announced expanding its operation to various Tier-2 cities in Punjab, Uttar Pradesh, Rajasthan, Gujarat and Tamil Nadu. It also plans to deploy 5,000 electric vehicles in Tier-2 markets this year. The company said that it already has over 1,000 electric two and three-wheelers in operation, [...]
Zaid crops sowing marginally up at 60.12 lakh hectare so far this year: Govt
New Delhi, Apr 18 (PTI) The total area sown to zaid (summer) crops has increased marginally to 60.12 lakh hectare so far this year, with maximum coverage under paddy, according to the agriculture ministry data.Zaid, also called grishmkal crops, are sown between February-June -- the intervening period between rabi (winter) harvest and kharif (monsoon) sowing.About [...]
India’s sugar exports touches USD 4.6 bn in 2021-22
New Delhi, Apr 18 (PTI) India's sugar exports increased to USD 4.6 billion (about Rs 35,000 crore) in 2021-22 from USD 1.17 billion (about Rs 9,000 crore) in 2013-14, the commerce ministry said on Monday. India exported sugar to 121 countries across the globe, it said."The growth was achieved despite logistical challenges posed by COVID-19 [...]
CII president condoles N Sankar’s demise
Chennai, Apr 18 (PTI) Confederation of Indian Industry (CII) President T V Narendran on Monday expressed sadness over the death of N Sankar, Chairman, The Sanmar Group. Sankar (77), died here on Sunday following a brief illness. "India has lost one of its visionary industry leaders. Mr N Sankar worked tirelessly for over 5 decades [...]
India faces global challenges from position of strength, says RBI article
Mumbai, Apr 18 (PTI) India is facing the tremors caused by geopolitical developments from "a position of strength" with improving fundamentals and strong buffers, according to an RBI article. Broadened vaccine coverage, financial sector resilience, robust export and remittances, and fiscal reprioritisation to spur capital spending on infrastructure are helping India, the article said, adding [...]
New biz premium income of life insurance cos up 13% at Rs 3.14 lakh cr in FY22
New Delhi, Apr 18 (PTI) New business premium income of all the life insurance companies rose by nearly 13 per cent to Rs 3,14,263 crore in fiscal 2022, data from Irdai showed on Monday.Twenty four life insurance companies had a total premium income of Rs 2,78,277.98 crore from new business in the previous fiscal.Soon-to-be listed [...]
Tomar launches two new portals for agri sector
New Delhi, Apr 18 (PTI) Agriculture Minister Narendra Singh Tomar on Monday launched two new portals, including one for registration of pesticides. Another portal is for documentation related to imports and exports of agri-products and plants. The minister launched the two portals -- CROP (Comprehensive Registration of Pesticides) and PQMS (Plant Quarantine Management System) -- [...]
NielsenIQ’s global operations, tech hub opens in Tamil Nadu
Chennai, Apr 18 (PTI) Global information services company NielsenIQ's new capability centre and technology hub was virtually inaugurated by Chief Minister M K Stalin here on Monday. The 2,000-seater hub is the largest one in the world for NielsenIQ and it would cater to a global clientele and focus on digital transformation with artificial intelligence, [...]
Ocugen, Bharat Biotech extend Covaxin co-development, supply pact to Mexico
New Delhi, Apr 18 (PTI) Biotechnology firms Ocugen and Bharat Biotech on Monday said they have agreed to include Mexico in their co-development, supply and commercialisation pact for the latter's COVID-19 vaccine, Covaxin. The two companies have entered into an amendment to their agreement to expand Ocugen's exclusive territory to include commercialisation of Covaxin in [...]
Nepal cuts fuel allowance of government agencies by 20%
Kathmandu, Apr 18 (PTI) The Nepal government has cut fuel allowance of its ministries and state-owned enterprises by 20 per cent, as the country battles a foreign exchange crisis and the price of petroleum products sky-rockets globally, officials said on Monday. The decision was taken at a meeting of the Council of Ministers held on [...]
Over 1.67 lakh companies incorporated last year: MCA
New Delhi, Apr 18 (PTI) More than 1.67 lakh companies were incorporated in the country in the last financial year compared to 1.55 lakh new companies registered in the year-ago period, according to the Ministry of Corporate Affairs (MCA).In a statement on Monday, the ministry said the increase is significant considering that number of companies [...]
Extreme poverty in India declined by 12.3 percentage points during 2011-19: WB paper
New Delhi, Apr 18 (PTI) Extreme poverty in India declined by 12.3 percentage points between 2011 and 2019, with rural areas doing better than urban centres, according to a working paper of the World Bank. India has not released a new household consumption survey since the NSS from 2011. By extension, the country has not [...]
Rohan Lifescapes sells 55,000 sq ft office space in Mumbai for Rs 202 cr
New Delhi, Apr 18 (PTI) Realty firm Rohan Lifescapes on Monday said it has sold 55,383 square feet of office space in its joint venture commercial project in Mumbai for Rs 202 crore.Rohan Lifescapes sold the office space to Polycab India, a leading wires and cables manufacturer in India, its CMD Harresh Mehta said."We have [...]
Rupee slips 10 paise to 76.29 against US dollar
Mumbai, Apr 18 (PTI) The rupee depreciated for the third straight session to close 10 paise lower at 76.29 against the US dollar on Monday, tracking the strength of the greenback overseas coupled with foreign fund outflows. At the interbank foreign exchange market, the rupee opened lower at 76.41 against the American currency, and shuttled [...]
State high-level clearance committee approves Rs 11,495.4-cr investment projects
Bengaluru, Apr 18 (PTI) The State High-level Clearance Committee on Monday approved investment projects worth Rs 11,495.4 crore. “I am very happy to announce that in today’s 58th meeting of State High-level Clearance Committee, we have approved five new projects and four additional investment projects with a total investment of Rs. 11,495.4 crore which creates [...]
Only 29 of the top-50 firms have time-bound carbon neutrality targets: Report
Mumbai, Apr 18 (PTI) Only 29 of the top-50 private companies in the country have a time-bound target to become carbon-neutral as part of the United Nations sustainable development goals (SDG), a report said on Monday. According to the 'Capri Global Capital Hurun India Impact 50', only 14 of the 50 top companies have reported [...]
RailTel bags work order worth Rs 11.57 Cr to install MPLS VPNs at 33 RVNL locations
New Delhi, Apr 18 (PTI) RailTel Corporation of India, a Mini Ratna central government PSU under the Ministry of Railways, has received a work order from Rail Vikas Nigam Limited (RVNL) worth Rs 11.57 crore for the installation of multi-protocol label switching (MPLS) virtual private networks (VPNs) at 33 locations across the country.According to the [...]
BSE StAR MF processes record 30.11 lakh transactions in single day
Leading stock exchange BSE on Monday said its mutual fund distribution platform StAR MF has processed a record 30.11 lakh transactions in a single day on Monday. It surpassed its previous best single-day record of 29.9 lakh transactions which was registered on April 11, the exchange said in a statement. "Every transaction counts! And this [...]
SAT admits Chitra Ramkrishna’s plea against Sebi order; directs NSE, Ramkrishna to deposit money
The Securities Appellate Tribunal (SAT) has admitted former NSE chief Chitra Ramkrishna's plea against a Sebi order in relation to governance lapses at the bourse and directed her to deposit an amount of Rs 2 crore. The appellate tribunal also directed NSE to deposit more than Rs 4 crore towards leave encashment and deferred bonus [...]
Sterlite Power picks up majority stake in MTCIL
New Delhi, Apr 18 (PTI) Sterlite Power on Monday said it has acquired a 64.98 per cent equity stake in Maharashtra Transmission Communication Infrastructure Limited. The company said in a statement that it has "acquired this equity stake from Sterlite Technologies Limited (STL)." Without sharing any further details, Sterlite Power said the acquisition is in [...]
Monetary transmission to banks’ interest rates likely to strengthen further: RBI article
The Reserve Bank's endeavour to improve monetary policy transmission by banks has gained traction, especially with the advent of the EBLR regime in October 2019 and the pace is likely to strengthen further, an RBI article said. Earlier, the internal benchmark-based lending rate regimes had faced a multitude of issues, such as arbitrariness in the [...]
Govt procures 69.24 lakh tonnes wheat so far for nearly Rs 14,000 cr
New Delhi, Apr 18 (PTI) The government has procured 69.24 lakh tonnes of wheat in the rabi marketing season so far at minimum support price (MSP) for nearly Rs 14,000 crore. "Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, [...]
Govt procures 69.24 lakh tonnes wheat so far for nearly Rs 14,000 cr
New Delhi, Apr 18 (PTI) The government has procured 69.24 lakh tonnes of wheat in the rabi marketing season so far at minimum support price (MSP) for nearly Rs 14,000 crore. "Wheat procurement has recently commenced in Rabi Marketing Season 2022-23 in the states of Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Uttrakhand, Chandigarh, Himachal Pradesh, [...]
IISM Launches Landmark New Course for Sports Science
Chennai, Tamil Nadu, India (NewsVoir) India’s leading sports management college, International Institute of Sports Management (IISM) has announced the launch of landmark new courses in Sports Science to meet the growing demands of the field in the coming years. In line with this announcement IISM has unveiled its two new programmes: Bachelor in Sports Science [...]
Supreme Court is not district court where you can play with orders: SC to crypto scam accused
The Supreme Court on Monday took serious note of the non-compliance of its earlier order by a crypto-currency scam accused of not sharing his username/passwords with the Enforcement Directorate and said, “We are not a district court where you can play with the orders”. A bench of Justices DY Chandrachud and Surya Kant warned the [...]
Summit Digitel to offer tower sharing infrastructure services to Airtel
New Delhi, Apr 18 (PTI) Digital infrastructure provider Summit Digitel on Monday announced a pact with Bharti Airtel under which the telecom operator will utilise Summit Digitel’s tower infrastructure as part of its wireless network rollouts. Connectivity would reinvent and redefine everything, from how businesses are operated to the way people stay connected, CEO of [...]
Sanofi India names Rodolfo Hrosz as new Managing Director
New Delhi, Apr 18 (PTI) Sanofi India on Monday said it has appointed Rodolfo Hrosz as the new Managing Director with effect from June 1. The company's board, in its meeting held on Monday, has approved the appointment. Hrosz will transition from being Sanofi's General Manager, Consumer Healthcare business in Brazil to his new role [...]
Merck Foundation CEO to Launch Their First TV Program ‘Our Africa by Merck Foundation’ to Address Social and Health Issues Through African Fashion and Art
Mumbai, Maharashtra, India & Nairobi, Kenya – Business Wire India • Merck Foundation launches its first-ever TV program called - “Our Africa by Merck Foundation” to create a culture shift by raising awareness about a wide range of social and health challenges in our communities such as: Diabetes, Ending Child Marriage, Supporting Girl Education, Women [...]
ICICI Pru eyes 22% growth in VNB this fiscal
Mumbai, Apr 18 (PTI) ICICI Prudential Life Insurance is on course to meet the target of doubling the value of new business this fiscal from the FY19 levels, as the largest private-sector life insurer expects to continue the good run it had in FY22 and expand the margin by 22 per cent.It had nearly trebled [...]
AIPEF warns of energy crisis in 12 states amid ‘low coal stock’ to feed power plants
New Delhi, Apr 18 (PTI) The All India Power Engineers Federation (AIPEF) on Monday warned of an energy crisis in 12 states amid "low coal stock" to fire thermal power plants. A coal crisis is being witnessed in 12 states post October 2021, the AIPEF said in a statement. "AIPEF has drawn the attention of [...]
Mindtree Q4 Results: Consolidated net profit jumps 49%
IT company Mindtree on Monday said it has registered a 49.1 per cent jump in its consolidated net profit at Rs 473.1 crore in the fourth quarter ended March 31, 2022, compared to the year-ago period. The company had recorded net profit of Rs 317.3 croe in the same period of the previous fiscal. Mindtree's [...]
‘Biggest-ever’ UK delegation to take part in Bengal Global Business Summit
Kolkata, Apr 18 (PTI) The upcoming Bengal Global Business Summit -- the state's annual marquee event to woo investors from across the globe -- will see the "biggest-ever" UK delegation of 49 senior figures in attendance, officials said on Monday.The contingent will include top personalities from a wide range of businesses, institutions and universities, who [...]
Myre Capital to raise Rs 500 cr to invest in commercial realty
Mumbai, Apr 18 (PTI) Myre Capital, which facilitates real estate investment through fractional ownership, on Monday announced that it will raise Rs 500 crore fund to invest in commercial realty assets across the country after July this year. The Rs 500-crore Alternate Investment Fund (AIF) will be the first of its neo-realty investment fund, and [...]
Embassy group gives 85,000 sq ft office space on lease in Trivandrum
New Delhi, Apr 18 (PTI) Realty firm Embassy group on Monday said it has given on lease 85,000 square feet of office space to Acsia Technologies in Trivandrum, Kerala. Acsia Technologies is its new tenant in the Embassy Taurus TechZone project, it said in a statement. As part of their major expansion project, Acsia's new [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 18 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 69,910.00 70,109.00 STANDARD GOLD (99.5) : 53,375.00 53,388.00 PURE GOLD (99.9) : 53,590.00 53,603.00 -------------------- PTI MUM SSBSSB SSB
Investor wealth tumbles over Rs 2.58 lakh cr as markets plunge
New Delhi, Apr 18 (PTI) Investors' wealth tumbled over Rs 2.58 lakh crore on Monday as equity markets suffered a heavy sell-off, with the Sensex plunging 2 per cent. The BSE benchmark tanked 1,172.19 points or 2.01 per cent to settle at 57,166.74 after a weak opening. During the day, it plummeted 1,496.54 points or [...]
Sensex sinks 1,172 pts as Infosys, HDFC Bank tumble post Q4 show
Mumbai, Apr 18 (PTI) The Sensex plunged 1,172 points while the Nifty crashed below the 17,200-level on Monday, hammered by robust selling in market heavyweights Infosys and HDFC Bank following their below-estimate results. A weakening rupee and lacklustre macroeconomic data added to the woes, traders said. Resuming trade after a two-day holiday last week, the [...]
Pakistan PM requests China’s support in reviving Karachi Circular Railway
Islamabad, Apr 18 (PTI) Pakistan Prime Minister Shehbaz Sharif on Monday requested China to support the planned revival of the Karachi Circular Railway (KCR) project to end the woes of hundreds of thousands of commuters in the country's largest metropolis. Stressing that KCR would be a "gift for the people of Karachi" and bring great [...]
LEXUS OPENS A NEW LUXURIOUS GUEST EXPERIENCE CENTRE IN CHENNAI
CHENNAI, India, April 18, 2022 /PRNewswire/ -- Lexus India announced the opening of its new and opulent, 6th Guest Experience Centre (GEC) at Ambattur Industrial estate, Chennai; aimed at making the Lexus experience more incredible and unique for its discerning guests. In addition to Chennai, Lexus has its GECs in Mumbai, New Delhi, Bangalore, and [...]
CCI approves deal to acquire minority stake in BDR Pharmaceuticals
New Delhi, Apr 18 (PTI) The Competition Commission has cleared the proposed acquisition of a minority stake in BDR Pharmaceuticals International Pvt Ltd by Multiples Private Equity Fund III and other investors. Under the transaction, the minority stake would be purchased by Multiples Private Equity Fund III, SRF Transnational Holdings Ltd, Balkrishna Industries Ltd, Dharmayug [...]
Loan assets securitised by NBFCs jump 43% to Rs 1.25 lakh crore last fiscal: Report
The total value of loan assets securitised by non-banking financial companies, including housing finance firms, grew by around 43 per cent in the last fiscal year to Rs 1,25,000 crore, driven by quick economic recovery and lower base effect, a report said on Monday. The number of loans securitised by NBFCs (Non-Banking Financial Companies) and [...]
HarperCollins and Amar Chitra Katha announce Creative Writing Workshops for Children
NEW DELHI, April 18, 2022 /PRNewswire/ -- HarperCollins India and Amar Chitra Katha today announced the launch of a brand-new carousel of Creative Writing workshops for children of the age group 7-14 years. Beginning 22nd of April, these workshops will be available in three different formats — a short (2-hour) session, a six-day (12-hour) programme, [...]
China’s GDP grew at 4.8% in Q1 amid COVID-19 surge
Beijing, Apr 18 (PTI) China's economy grew at 4.8 per cent in the first quarter, falling below the 5.5 per cent target set for this year by the ruling Communist Party, amidst a surge in COVID-19 cases, which prompted top business hubs like Shanghai to enforce prolonged lockdowns. The country's gross domestic product grew 4.8 [...]
Advik Capital open to partnerships with fintech cos
New Delhi, Apr 18 (PTI) NBFC Advik Capital is open to exploring partnerships with financial technology companies as it looks to expand business, a top company official said on Monday. The company is looking to expand its personal loans, gold loans and consumer durable financing portfolios in addition to its corporate loan segment. "Advik Capital [...]
Lankan President Gotabaya Rajapaksa appoints new Cabinet, PM Mahinda only member from powerful Rajapaksa clan
Colombo, Apr 18 (PTI) Beleaguered Sri Lankan President Gotabaya Rajapaksa on Monday appointed a new 17-member Cabinet that excluded his close relatives except Prime Minister Mahinda Rajapaksa, as he called for a "system change" amidst growing demand for his resignation over the worst economic crisis faced by the island nation. Sri Lanka is grappling with [...]
Uttar Pradesh GSDP rises 40% in last five years: Khanna
Lucknow, Apr 18 (PTI) Uttar Pradesh Finance Minister Suresh Kumar Khanna on Monday said despite the difficult situation amid the COVID-19 pandemic, the state's gross state domestic product (GSDP) increased by 40 per cent in the last five years.Despite the COVID-19 pandemic, Uttar Pradesh has achieved much better financial management. In the year 2016-17, when [...]
Wolken Software Announces Partnership with ACSIS Technology to Strengthen its Footprints in APAC
The partnership with ACSIS will help expand Wolken Software’s reach in the APAC region Bengaluru, Karnataka, India (NewsVoir) Wolken Software has partnered with ACSIS Technology, a system integrator company based in Sydney, Australia to expand its operations and deepen its penetration in Australia and New Zealand by making its Enterprise ServiceDesk for customer service, ITSM [...]
CLUBNPC Organises AAGAAZ, its First Conference on Construction, Real Estate and Infrastructure Industry
The conference brings more than 300 participants from across the country and deliberate on the impact of the construction industry post-pandemic Pune, Maharashtra, India (NewsVoir) Network for People of Construction, CLUBNPC, the non-profit organisation of Construction, Real estate and infrastructure industry organised its first annual conference, AAGAAZ 2022 in Pune. The Conference highlighted the issues [...]
Digit Insurance appoints Jasleen Kolhi as MD & CEO
New Delhi, Apr 18 (PTI) Digit Insurance on Monday said it has elevated Jasleen Kohli as the new Managing Director & Chief Executive Officer (CEO) of the company with effect from April 20. At 42, Kohli will become one of the youngest CEOs in the insurance industry, according to the company. Kohli will take over [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 18 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP (BERRY) 810.00 COPPER HEAVY SCRAPS 799.00 COPPER ARMATURE (CREDIT) 780.00 COPPER UTENSILS SCRAP 720.00 CC ROD 857.00 CC ROD (RECYCLED) 804.00 BRASS :- BRASS SHEET CUTTING 585.00 BRASS UTENSIL SCRAP 549.00 BRASS HONEY [...]
States need to reset spending, cut freebies: Report
Several states are spending high amounts on populist schemes like farm loan waivers, and with the GST compensation from the Centre ending in June, they need to re-prioritise expenditure in accordance with the revenue receipts, a report said on Monday. In some instances, the Goods and Services Tax (GST) revenue from the Centre forms over [...]
Indiabulls Real Estate Raises ₹8.65 billion (US$114 million) at ₹101.10 per Equity Share through Qualified Institutional Placement
MUMBAI, India, April 18, 2022 /PRNewswire/ -- Indiabulls Real Estate Limited (NSE: IBREALEST) (BSE: 532832), announced that it has successfully completed a capital raise of ₹8.65 billion (US$ 114 million) at ₹101.10 per equity share through Qualified Institutional Placement. Trading of these shares will commence today i.e. April 18, 2022, on NSE and BSE. The [...]
Shilpa Shetty Kundra launches her own VFX studio, SVS Studio Pvt. Ltd. currently catering to Hollywood projects with plans to bring the same quality of VFX to Bollywood production houses in India
MUMBAI, India, April 18, 2022 /PRNewswire/ -- Actress Shilpa Shetty has teamed up with VFX industry veteran Sandeep Mane who helms as Managing Director of the company. With a career spanning over 15 years in the field of VFX, Sandeep Mane brings a vast amount of experience along with a very talented senior team under [...]
Bosch India touches 10 mln mark in production of ABS, ESP units at Pune facility
Mumbai, Apr 18 (PTI) Technology and services provider Bosch India on Monday said it has achieved a significant milestone of locally producing 10-million Anti-lock Braking System (ABS) and Electronic Stability Program (ESP) units for passenger vehicles at its Chakan facility near Pune. The milestone has been achieved despite the slowdown due to the coronavirus pandemic, [...]
NBCC gets work order worth Rs 981 cr in March
New Delhi, Apr 18 (PTI) State-owned NBCC (India) Ltd on Monday said it has bagged business worth Rs 981.17 crore in the last month.In a regulatory filing, the company informed that it has bagged a work order for Rs 500 crore (approximately), namely for providing comprehensive, design, engineering and project management consultant (PMC) services for [...]
PEPPER COPRA RATE
MUM PEPPER COPRA CLOSING RATE MUMBAI, APR 18 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 95000 COPRA OFFICE KOZIZODE 93000 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 13500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1720 T.P ------------ PTI MUM [...]
OILSEEDS PRICES
APRIL 18, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1640.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1825.00 Sunflower Exp.Ref. 1875.00 Cottonseed(Refined) 1620.00 Refined Palm Oil 1500.00 Soyabean Ref. 1570.00 Imp.Soyabean Crude - Rapeseed Ref. 1520.00 Rapeseed Exp. 1490.00 Copra white 1530.00 Rice Bran 4-7% FFA - Rice Bran 1350.00 Linseed 1650.00 [...]
JLR opens bookings for Discovery Metropolitan Edition
Mumbai, Apr 18 (PTI) Jaguar Land Rover India (JLR) has opened bookings for the all-new Discovery Metropolitan Edition with prices starting from Rs 1.26 crore (ex-showroom), the company said on Monday. The latest seven-seater SUV comes with many upgrades and enhanced new age features, JLR said in a statement. Available with the P360 Ingenium petrol [...]
Lankan court extends travel ban on former governor of Central Bank of Sri Lanka
Colombo, Apr 18 (PTI) A local court here on Monday extended a travel ban on Ajith Nivard Cabraal, former governor of the Central Bank of Sri Lanka, from travelling abroad as mounting economic woes roil the island nation.On April 7, the Colombo Magistrate’s court barred Cabraal from travelling out.The court has extended a travel ban [...]
Most Indians don’t know much about country’s history, cultural diversity: Survey
New Delhi, Apr 18 (PTI) A majority of Indians admit that they do not know much about the country's history, culture, destinations, nature and food, with many of them unaware of facts such as Gir being the only natural habitat of Asiatic lions or Khajuraho festival is celebrated in Madhya Pradesh, according to a study [...]
GE partners with TIDCO to set up centre of excellence in TN on aviation engine technologies
New Delhi, Apr 18 (PTI) US-based aircraft engine manufacturer GE has partnered with the Tamil Nadu Industrial Development Corporation (TIDCO) to set up a centre of excellence in the southern state on emerging aviation engine technologies."An investment of about Rs 141.26 crore over five years was proposed to be funded by TIDCO and GE in [...]
NBCC gets work order worth Rs 981 cr in March
New Delhi, Apr 18 (PTI) State-owned NBCC (India) Ltd on Monday said it has bagged business worth Rs 981.17 crore in the last month.In a regulatory filing, the company informed that it has bagged a work order for Rs 500 crore (approximately), namely for providing comprehensive, design, engineering and project management consultant (PMC) services for [...]
WPI inflation hits 4-month high of 14.55 pc in Mar as crude, commodity prices spike
New Delhi, Apr 18 (PTI) The wholesale price-based inflation spiked to a four-month high of 14.55 per cent in March on rising prices of crude oil and other commodities due to disruption in global supply chain in the wake of the Russia-Ukraine war, a development that may prompt the RBI to raise interest rates to [...]
TCS falls 3.5% after it misses estimates in Q4 results; Should you Buy, Sell or Hold?
Tata Consultancy Services, the biggest cash cow for Tata Sons opened the fourth-quarter earnings season by earning a net profit of ₹9,926 crores, a growth of 7.35% year-on-year (YoY). The numbers met the estimates at the D-Street and the company’s shares rose nearly 1% on Tuesday. However, its share price has fallen during the last [...]
Indiabulls Real Estate to use Rs 865 crore QIP proceeds for land acquisition, debt reduction
New Delhi, Apr 18 (PTI) Indiabulls Real Estate on Monday said it will utilise Rs 865 crore raised by issuing shares to institutional investors mainly for land acquisition and debt reduction.The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12.In a regulatory filing, Indiabulls Real [...]
40 Chinese among 150 people booked by Mumbai EOW for fraudulently becoming directors of Indian firms
Mumbai, Apr 18 (PTI) The Economic Offences Wing (EOW) of the Mumbai Police has registered 34 FIRs against 150 people, including 60 foreigners- 40 of them from China- for allegedly violating laws regarding the registration of new companies and for fraudulently becoming directors of Indian companies, a police official said on Monday. The official said [...]
Digit Insurance appoints Jasleen Kolhi as MD & CEO
New Delhi, Apr 18 (PTI) Digit Insurance on Monday said it has elevated Jasleen Kohli as the new Managing Director & Chief Executive Officer (CEO) of the company with effect from April 20. At 42, Kohli will become one of the youngest CEOs in the insurance industry, according to the company. Kohli will take over [...]
LML Electric inks LOI with Germany’s eROCKIT to form JV
New Delhi, Apr 18 (PTI) LML Electric on Monday said it has inked a letter of intent (LOI) to form a joint venture with Germany-based electric hyperbike manufacturer eROCKIT AG. If the parties agree on the JV, the mass production of the bikes will take place at LML's facilities in India. "With this new jewel [...]
Tata Steel board to consider stock-split proposal on May 3
The board of Tata Steel will consider a stock-split proposal during its meeting on May 3. The meeting will be held to consider the company's financial results for the quarter and year ended March 31, 2022, according to a regulatory filing. The board will "consider a proposal for sub-division of the equity shares of the [...]
A Brand-new Silver Nagabharanam Offered by TNT Family from Kuliparai, Tamil Nadu Adorns the Shiva Linga at Shri Kashi Vishwanath Temple, Varanasi
Chennai, Tamil Nadu, India (NewsVoir) Showering their gratitude and devotion towards Lord Shri Kashi Vishwanath at Varanasi, the TNT Chettiar family members from Kuliparai Village, in Pudukkottai district of Tamil Nadu, offered a five-headed Nagabharanam (serpent ornament, where the Shiva Linga will be placed between the coil of the five-headed serpent) as a humble donation [...]
IPM India Certified as Great Place to Work
NEW DELHI, April 18, 2022 /PRNewswire/ -- IPM India Wholesale Trading Private Limited (IPM India), a country affiliate of Philip Morris International, Inc. (PMI), has been certified as Great Place to Work 2022-23 by the Great Places to Work Institute, for the second time. As the company takes forward its transformation journey, it embodies an [...]
4ever Bold: The New ‘Silver Shadow Edition’ of the BMW X4 Launched
Gurugram, Haryana, India – Business Wire India • Distinguished aura: Exclusive high-gloss chrome design elements.• Heightened luxury: Stunning presence and sporty interiors.• Powerful performance: ‘Best-In-Segment’ engine output. #BMWX4 #BMWIndia #SheerDrivingPleasure. The new ‘Silver Shadow Edition’ of the BMW X4 has been launched in India today. BMW has accentuated the Sports Activity Coupe (SAC) through a [...]
Fujitsu launches new research center in India, embarking on joint R&D with leading Indian universities to accelerate innovation in AI and machine learning
NEW DELHI, April 18, 2022 /PRNewswire/ -- Fujitsu today announced a key development in its global innovation strategy with the establishment of a new research center, 'Fujitsu Research of India Private Limited' (hereinafter FRIPL), on April 1, 2022. FRIPL represents the latest addition to Fujitsu's global R&D network and will focus on research and development [...]
Maruti Suzuki hikes vehicle prices by up to 1.9% to offset impact of rising input costs
New Delhi, Apr 18 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire model range, between 0.9 per cent to 1.9 per cent, with immediate effect. The company, which currently sells a range of vehicles from Alto to S-Cross, said it has taken the decision [...]
Guar seed futures rise on spot demand
New Delhi, Apr 18 (PTI) Guar seed prices on Monday rose by Rs 30 to Rs 6,472 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery increased by Rs 30 or [...]
Guar gum futures gain on spot demand
New Delhi, Apr 18 (PTI) Guar gum prices on Monday gained Rs 153 to Rs 12,767 per five quintals in the futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for May delivery traded higher by Rs 153 or 1.20 per cent at Rs [...]
Crude oil futures gain on spot demand
New Delhi, Apr 18 (PTI) Crude oil prices on Monday rose by Rs 50 to Rs 8,114 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for May delivery traded higher by Rs 50 or 0.62 per cent at Rs 8,114 per barrel in 4,206 [...]
Sequoia, Tiger Global, Zomato, Swiggy onboard UrbanPiper with USD 24 mn funding
Mumbai, Apr 18 (PTI) UrbanPiper, a restaurant management platform, has raised USD 24 million in a funding round led by existing investors Sequoia Capital India and Tiger Global, along with new investors Swiggy and Zomato and a slew of angel investors. The Bengaluru-based startup said the angels who boarded the firm include Pankaj Chaddah of [...]
Top Stock Picks: 5 Stocks to buy now for short term profits
Last week, the market was caught in a bear trap due to profit booking and selling pressure amid the intensified Ukraine crisis, FII outflow and higher oil prices. Experts say that if the Nifty 50 breaches 17,600 to 17,700 levels, it may move beyond 17,800-to 17,900 levels. On Monday, Indian indices witnessed a negative start, [...]
EXPERTIA AI raises USD 1.2 mn funding led by Chiratae Ventures, Endiya Partners
New Delhi, Apr 18 (PTI) EXPERTIA AI, deeptech virtual recruitment platform, has raised USD 1.2 million in seed funding led by Chiratae Ventures and Endiya Partners with participation from Entrepreneur First and angel investor Archana Priyadarshini. The funds will be used for assembling a team of AI (Artificial Intelligence) researchers and software engineers, and creating [...]
WPI inflation hits 4-month high of 14.55% in Mar as crude, commodity prices spike
New Delhi, Apr 18 (PTI) The wholesale price-based inflation rose to a four-month high of 14.55 per cent in March, mainly due to hardening of crude oil and commodity prices, even though vegetables witnessed easing of price pressures. As per the government data released on Monday, WPI inflation has remained in double digits for the [...]
SBI raises USD 500 mln through IFSC Gift City branch
Mumbai, Apr 18 (PTI) The country's largest lender State Bank of India (SBI) on Monday said it has raised USD 500 million (over Rs 3,800 crore) through its IFSC Gift City branch. This is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan raised by SBI through its Gift City branch, a [...]
Puravankara sales bookings in FY’22 rise 9% to record Rs 2,406 cr
New Delhi, Apr 18 (PTI) Realty firm Puravankara Ltd on Monday said its sales bookings rose 9 per cent in the last fiscal year to a record Rs 2,406 crore on higher demand of residential properties. Its sales bookings stood at Rs 2,202 crore in the 2020-21 financial year. In terms of volume, the sales [...]
O.P. Jindal Global University Inks Landmark MoU with the Spanish Government for Spanish Language Teaching
Sonipat, 18th April 2022: The O.P. Jindal Global University (JGU) signed a landmark Memorandum of Understanding with the Government of Spain in the presence of His Excellency José María Ridao Domínguez, Ambassador, Embassy of Spain in India, and Mr. Alfonso Pérez-Hernández Egart, First Secretary, Embassy of Spain. The agreement under the auspices of the Spanish [...]
Ashok Leyland to enter used commercial vehicles business
Hinduja Group flagship Ashok Leyland on Monday said it has joined hands with Mahindra First Choice Wheels to enter the used commercial vehicles business. The company has inked a MoU with Mahindra First Choice Wheels Ltd (MFCWL) in this regard. The phygital platform, as part of the partnership, will facilitate an exchange and proper disposal [...]
MUM BULLION OPENING RATES
MUMBAI, APR 18 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 69910.00 STANDARD GOLD (99.5) : 53375.00 PURE GOLD (99.9) : 53590.00 -------------------- PTI MUMSVC SVC
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