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Midcap stock jumps 5% after reporting 63% YoY increase in net profits
The share of this e-commerce company jumped up to 5 percent after the company’s net profit and revenue increased by 63 percent and 24 percent YoY, respectively in Q2FY25. With a market capitalization of Rs 50,662.42 crore, the shares of FSN E-Commerce Ventures Ltd were trading at Rs 177.25 per share, decreasing around 0.23 percent [...]
Metal stock hits 5% upper circuit after reporting 1,020% QoQ increase in net profits
Shares of this micro-cap company specialized in manufacturing precision forged and machined components hit a 5 percent upper circuit on Wednesday morning after the company reported a 1,020 percent QoQ increase in net profit, and strong revenue growth in its latest quarterly results. Share Price Movement During Wednesday's trading session, Kalyani Forge Ltd's share price [...]
3 Green energy stocks with order book of up to 5GW in Q2FY25 to keep in your radar
India's green energy sector has made remarkable strides, achieving over 200 GW of renewable energy capacity as of October 2024. This accounts for 46.3% of the country’s total electricity generation capacity, showcasing its commitment to sustainable energy and reducing carbon emissions significantly by 2030. Here are the green energy stocks with a robust order book [...]
Defence stock jumps 7% after company’s management expects 25% revenue growth in FY25
Shares of a strategic Defense and Aerospace Electronics Systems provider surged nearly 7.6 percent on BSE to Rs. 2,350 in the trading session of Tuesday. With a market cap of Rs. 12,640.6 crores, the shares of Data Patterns (India) Limited closed in the green at Rs. 2,261.65, up by nearly 3.6 percent, as compared to [...]
Ashish Kacholia stock jumps 4% after reporting 1,290% YoY increase in net profits
Shares of this workspace solution provider surged 4.2 percent on Tuesday after the company reported a 1,290 percent YoY increase in net profit, along with strong revenue growth in its latest quarterly results. Price Movement In Tuesday’s trading session, the share price of Awfis Space Solutions reached an intra-day high of Rs.810.00 per share, rising [...]
Stock hits 5% after company’s board to consider 1:10 stock split and 10:8 bonus issue
Smallcap stock engaged in the business activities of Construction and development of real estate projects hit a 5 percent upper circuit in the day’s trade following the company’s board to consider bonus issues, stock split, issuing interim dividend, and many more Price Action With a market capitalization of Rs. 10,588 Crores, the shares of Bharat [...]
Stock jumps 19% after company announcing Q2 results
Shares of this micro-cap company in the business of tea, coffee, and rubber manufacturing skyrocketed 19 percent on Tuesday reporting a 14 percent YoY increase in revenue, along with strong net profit growth in its latest quarterly results. Price Action On Tuesday, Shri Vasuprada Plantations Ltd's share price hit an intra-day high of Rs.117.40, marking [...]
Logistics stock jumps 4% after receiving work order from Adani group
Logistics stock engaged in providing clearing and forwarding services to leading cement companies in India jumped upto 4 percent in the day’s trade upon receiving work order from Adani Cements. Price Action With a market capitalization of Rs. 204 Crores, the shares of Kaushalya Logistics Limited were trading at Rs. 111.45 per equity share, down [...]
Smart meter stock jumps 7% after company’s net profit increases by 96% YoY
During Tuesday’s trading session, the shares of one of the leading manufacturers of electrical and power distribution equipments surged by around 7.1 percent to Rs. 538 on BSE, after reporting Q2 FY25 results with a rise in net profit by 27 percent QoQ and 96.4 percent YoY. With a market cap of Rs. 120 crores, [...]
Railway stock with strong revenue growth and orderbook guidance of ₹12,000 Cr
Shares of a company engaged in providing comprehensive mobility solutions encompassing rail, road, and marine transportation surged nearly 2.3 percent on BSE to Rs. 481.5 in the trading session of Tuesday. With a market cap of Rs. 19,690.3 crores, the shares of Jupiter Wagons Limited opened in the green at Rs. 474.65, up by nearly [...]
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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
Rupee slips 4 paise to 76.19 against US dollar
Mumbai, Apr 13 (PTI) Sliding for the second straight session, the rupee dipped 4 paise to close at 76.19 against the US dollar on Wednesday, tracking a firm greenback overseas and weak domestic macroeconomic data. At the interbank foreign exchange market, the rupee opened lower at 76.15 against the American currency, and slipped further to [...]
HC grants time to ED to file status report on money laundering probe against AirAsia officials
New Delhi, Apr 13 (PTI) The Delhi High Court Wednesday granted more time to the Enforcement Directorate (ED) to file a status report concerning its investigation in a money laundering case lodged against some officials of AirAsia India whose flying licence has been challenged by BJP leader Subramanian Swamy. A bench headed by Acting Chief [...]
UK sanctions Russian separatists, including ‘PM’, ‘Chair’ of Donetsk and Luhansk, over Ukraine conflict
London, Apr 13 (PTI) The UK government on Wednesday announced further 178 sanctions on separatists, including the self-styled Prime Minister and Chair of the government of the so-called Donetsk and Luhansk People’s Republics, who it says prop up Russian-backed illegal breakaway regions of Ukraine in the ongoing conflict in the region. The move comes ahead [...]
CBI books textile major S Kumars in Rs 1,245 crore loan fraud case
New Delhi, Apr 13 (PTI) The CBI has booked textiles major S Kumars Nationwide Limited (SKNL) and 14 others including its promoters and directors for an alleged bank fraud worth Rs 1,245 crore, officials said Wednesday.Following registration of the FIR, the central agency on Wednesday searched 13 locations in Maharashtra, Gujarat and West Bengal linked [...]
Den Network Q4 profit up 43 pc to Rs 48.61 crore
New Delhi, Apr 13 (PTI) Den Networks Ltd on Wednesday reported a 43.43 per cent increase in its consolidated net profit to Rs 48.61 crore for the fourth quarter ended March 2022. The company had posted a net profit of Rs 33.89 crore during the January-March quarter of last year, Den Networks said in a [...]
No power cuts in Goa unless there is heavy tourist footfall: minister
Panaji, Apr 13 (PTI) Goa would not see power cuts this summer unless there is heavy tourist rush in May, power minister Sudin Dhavalikar said here on Wednesday.Various global factors including lockdowns in China and the Russia-Ukraine war can affect electricity supply, he told reporters, adding that the situation in Goa was better compared to [...]
MG Motor India announces partnership with golfer Tvesa Malik
New Delhi, Apr 13 (PTI) MG Motor India on Wednesday announced a partnership with professional golfer Tvesa Malik as a part of its initiative to empower women and support them in sports.Through the association, she will represent MG Motor brand in various tournaments and championships, the company said in a statement.The three-year association with Malik [...]
Tata Motors adds 160 new service workshops in FY22
New Delhi, Apr 13 (PTI) Tata Motors on Wednesday said it has added 160 new service workshops for passenger vehicles, taking the total number of workshops to 705 in FY22. This expansion has helped increase the service coverage of Tata Motors across 485 cities, leading to an increase in the number of cars serviced in [...]
Joshi urges states to increase pace of exploration of mines
New Delhi, Apr 13 (PTI) Coal and Mines Minister Pralhad Joshi on Wednesday asked states to increase the pace of exploration of mineral blocks to give a push to the goal of self-reliant India, adding that Rs 8.8 crore was released by the Centre as incentive in the last financial year in favour of 14 [...]
Vegetable oil imports up 13 pc to over 11 lakh tonnes in March: SEA
New Delhi, Apr 13 (PTI) Vegetable oil imports rose 13 per cent in March to over 11 lakh tonnes on higher shipments of edible oil, according to industry data. Import of vegetable oils (comprising edible oil and non-edible oil) in March 2022 stood at 11,04,570 tonnes as compared to 9,80,243 tonnes in March 2021, the [...]
RBI may hike repo rate by 25 bps in June: Report
Mumbai, Apr 13 (PTI) With the Reserve Bank of India prioritising inflation over growth, the repo rate is likely to be hiked by at least 25 basis points in June, SBI's Ecowrap report said on Wednesday. In its monetary policy announced last week, the RBI had left the repo rate unchanged at 4 per cent. [...]
Ukraine war to result in 1.3% lower GDP growth for India, says WB official
Washington, Apr 13 (PTI) Russia's war in Ukraine is likely to result in a significant 1.3 per cent lower GDP growth for India and 2.3 percentage point lower income growth, a top World Bank official has said, even as the lending agency observed that India is emerging strongly from the COVID-19 crisis.Hans Timmer, World Bank [...]
Reliance Cap lenders finalise RFRP for bidders; approval expected next week
Lenders of debt-ridden Reliance Capital Ltd (RFL) have decided upon the Request for Resolution Plan (RFRP) document and it will be placed before them for final approval next week. The RFRP document sets the guidelines for the submission and evaluation of the resolution plan and is shared with all the companies which have submitted Expression [...]
Blue Star to double production capacity of deep freezers, sets up new unit
Chennai, Apr 13 (PTI) Air conditioning and commercial refrigeration major Blue Star Ltd has set up a new manufacturing facility at Wada in Maharashtra at a cost of Rs 130 crore doubling the production capacity of deep freezers, a top company official said on Wednesday. The facility to produce deep freezers and water coolers, was [...]
Adani Green Energy becomes 8th most valued firm; overtakes Bajaj Finance, HDFC
Adani Green Energy on Wednesday became the eighth most valued firm in the country with a market valuation of Rs 4.48 lakh crore after overtaking Bajaj Finance and HDFC. The company had on Monday entered the list of top-10 valued firms. Adani Green Energy commanded a market valuation of Rs 4,48,050.99 crore on BSE to [...]
In next 5 years, Hyatt Hotels Corporation expects to have up to 90 hotels in India
New Delhi, Apr 13 (PTI) Global hospitality chain Hyatt Hotels Corporation is expected to have up to 90 hotels in India in the next five years as it seeks to tap the country's potential of leisure and hospitality, according to the company's Group President Peter Fulton. The company, which on Wednesday opened its third Hyatt [...]
Platform of court not for propagating religion, desist from taking names: HC to lawyers
New Delhi, Apr 13 (PTI) The Delhi High Court Wednesday observed that the court is not a platform to propagate any religion and asked lawyers to desist from taking names of any religion.The court made the point clear while hearing a batch of pleas by several account holders challenging their suspension and deletion by the [...]
Mufin Finance acquires APM Finvest for Rs 76 cr, aims to create EV financing ecosystem
New Delhi, Apr 13 (PTI) Mufin Finance on Wednesday said it has acquired APM Finvest, a BSE-listed NBFC, for over Rs 76 crore in a bid to create India's first financing ecosystem for the fast-growing electric vehicles(EVs) market. This comes after Mufin Finance acquired Rupee Circle, a P2P (peer-to-peer) non-banking financial company, in June 2021. [...]
Mercedes-Benz opens booking for new C-Class
New Delhi, Apr 13 (PTI) German luxury carmaker Mercedes-Benz on Wednesday announced the opening of bookings for the upcoming new version of its popular sedan C-Class in India. The new C-Class will be launched on May 10. An exclusive booking window, only for the existing customers of Mercedes-Benz, is open from April 13-30 and booking [...]
RR Kabel acquires Luminous’ home electrical biz, plans IPO in Q4 2023
New Delhi, Apr 13 (PTI) Equity firm TPG Capital-backed wires and cables manufacturer RR Kabel on Wednesday said it has acquired Luminous Power's home electrical business (HEB) from French engineering company Schneider. This acquisition will further strengthen RR Kabel’s consumer electrical goods business, which has a portfolio of fans, lights and appliances, company's Managing Director [...]
Prize for Precision: The Vattikuti Foundation announces 2022 KS International Robotic Surgery Video Awards
● The winning prize is USD $10,000 ● For the first time, the competition is accepting entries from surgeons around the world ● No entry fees National, 13th April 2022: The Vattikuti Foundation, a renowned foundation that is badged as the enabler of cutting-edge robotic surgeries across many countries, has announced its annual award contest, [...]
Chicco Launches New ‘Advanced’ Baby Moments Baby Cosmetics Range, Enriched with ‘Natural Ingredients’ Known for Baby’s Skin Nourishment
New Delhi, Delhi, India (NewsVoir) Chicco, a leading baby care brand in India and over 160 countries, has launched its new advanced Baby Moments cosmetics that are free from Phenoxyethanol and it’s enriched with many new natural ingredients of 100 percent vegetarian origin that are known for baby’s skin nourishment. Like its current line, the [...]
ActiMedia PR and Digital Takes Home Prestigious IPRCCA’s ‘Fashion and Lifestyle Agency of The Year’ Award
Also wins three gold, one silver and one bronze across categories for brands like Bacardi NH7 Weekender, NODWIN Gaming, De Beers Forevermark and KASHISH LGBTQIA Film Fest 2021 New Delhi, Delhi, India (NewsVoir) ActiMedia PR and Digital, a boutique communications consultancy, has won the ‘Fashion and Lifestyle Agency of the Year’ award at the 12th [...]
Auto sales remain in slow lane in FY22; two-wheeler dispatches lowest in 10 years
New Delhi, Apr 13 (PTI) Automobile dispatches from factories to dealerships in India declined by 6 per cent in FY22, with the two-wheeler segment reporting its lowest wholesales in the last 10 years, auto industry body SIAM said on Wednesday. Total wholesales across categories in the 2021-22 fiscal declined to 1,75,13,596 units, as against 1,86,20,233 [...]
Govt still awaiting names from farmers’ unions for setting up panel on MSP: Tomar
New Delhi, Apr 13 (PTI) Agriculture Minister Narendra Singh Tomar on Wednesday said the Centre is still awaiting names of members from farmers' unions for setting up a panel on minimum support price (MSP). While announcing the repeal of three contentious farm laws in November last year, Prime Minister Narendra Modi had promised that a [...]
NEWSALERT
Govt still awaiting names from farmers' unions for setting up panel on MSP: Agriculture Minister Tomar. PTI LUX ANU ANU
XPay.Life plans to offer UPI, other services to customers
Chandigarh, Apr 13 (PTI) Fintech startup XPay.Life, which provides utility bill payment solutions, on Wednesday said it plans to offer UPI and other services to its users. "We are going to launch our UPI on June 10. In the future, we are also coming with small micro finance and loans etc.," Rohit Kumar, founder & [...]
Hariom Pipe shares jump nearly 51% in debut trade
Shares of Hariom Pipe Industries on Wednesday jumped nearly 51 per cent against the issue price of Rs 153 in its debut trade. The stock made its debut at Rs 214, registering a jump of 39.86 per cent against the issue price on the BSE. It later zoomed 46.86 per cent to settle at Rs [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 13 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 69025.00 69316.00 STANDARD GOLD (99.5) : 52827.00 53007.00 PURE GOLD (99.9) : 53039.00 53220.00 -------------------- PTI MUM SSBSSB SSB
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 13 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 69025.00 69316.00 STANDARD GOLD (99.5) : 52827.00 53007.00 PURE GOLD (99.9) : 53039.00 53220.00 -------------------- PTI MUM SSBSSB SSB
Cabinet approves policy for use of land acquired under Coal Bearing Areas Act
New Delhi, Apr 13 (PTI) The Union Cabinet on Wednesday approved a policy for utilisation of non-minable land for development and setting up of infrastructure relating to coal and energy. The approved policy provides a clear policy framework for utilisation of lands that are no longer suitable or economically viable for coal mining activities; or [...]
Markets recoil for third day as HDFC twins weigh; end lower for the week
Mumbai, Apr 13 (PTI) Equity indices gave up early gains to close in the red for the third session on the trot on Wednesday, weighed by selling in banking and finance counters amid inflationary pressures and persistent foreign fund outflows. A weak rupee and lacklustre global cues also kept buying sentiment in check, traders said. [...]
Century Real Estate Clocks Highest Ever Residential Sales and Collections in FY22
Bengaluru, Karnataka, India – Business Wire India • 48% growth YoY due to project deliveries and consumer confidence • Strengthens commercial portfolio with 2 mn. sq. ft. of upcoming developments Century Real Estate, a leading developer and one of the largest landowners in South India, today announced that it has achieved its highest ever sales [...]
BPCL to invest Rs 200 cr to set up 100 fast EV charging corridors with 2,000 stations
Mumbai, Apr 13 (PTI) Public sector oil marketing company Bharat Petroleum on Wednesday said it will invest around Rs 200 crore this fiscal to set up 100 fast electric vehicles charging corridors having 2,000 stations along the busiest 100 national highways. The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway [...]
Cabinet clears signing pact between Sebi, Canada’s Manitoba Securities Commission
New Delhi, Apr 13 (PTI) The Union Cabinet on Wednesday approved signing of a pact between the Securities and Exchange Board of India (Sebi) and Canada's Manitoba Securities Commission. The bilateral Memorandum of Understanding (MoU) seeks to have a formal basis for cross-border co-operation in the area of securities regulations. It would facilitate mutual assistance, [...]
Mirchi launches operation in Dallas, US
New Delhi, Apr 13 (PTI) Music and entertainment company Mirchi on Wednesday announced the launch of its operation in Dallas city of Texas in the US in partnership with FA Radio International LLC. Targeting the South Asian diaspora across markets, Mirchi has introduced its radio, digital, and live event solutions to the city, said a [...]
Govt in discussion with World Bank for collaboration on coal mine closure framework
New Delhi, Delhi, Apr 13 (PTI) The coal ministry is in discussions with the World Bank for collaboration on the mine closure framework, a government official said on Wednesday. Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically closed for the benefit of the society. "We [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 13 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 805.00 COPPER HEAVY SCRAPS 794.00 COPPER ARMATURE (CREDIT) 776.00 COPPER UTENSILS SCRAP 716.00 CC ROD 848.00 CC ROD (RECYCLED) 804.00 BRASS :- BRASS SHEET CUTTING 582.00 BRASS UTENSIL SCRAP 547.00 BRASS HONEY 515.00 [...]
Passenger vehicle sales dip nearly 4% in March
Passenger vehicle wholesales in India declined nearly 4 per cent to 2,79,501 units last month, auto industry body SIAM said on Wednesday. Passenger vehicle (PV) dispatches from factories to dealerships in March 2021 stood at 2,90,939 units. As per the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also fell 21 [...]
RLDA invites bids for leasing 50,010 sq m of land in Chennai
Chennai, Apr 13 (PTI) Rail Land Development Authority (RLDA), the statutory body of Indian Railways, has invited bids for development of a railway plot into a warehouse at Thiruvottiyur here, the company said on Wednesday. The plot covers an area of 50,010 square metre and would be leased for 30 years, a press release said. [...]
Securden receives USD 10.5 million in Series A investment led by Tiger Global Management
Chennai, Apr 13 (PTI) IT security startup Securden, Inc., focusing on governance and access security has received USD 10.5 million (about Rs 80 crore) in a Series A investment led by New York-based investment firm Tiger Global Management, the company said on Wednesday. The fundraising has seen participation from Together Fund and the existing investor [...]
BPCL to invest Rs 200 cr to set up 100 fast EV charging corridors with 2,000 stations
Mumbai, Apr 13 (PTI) Public sector oil marketing company Bharat Petroleum on Wednesday said it will invest around Rs 200 crore this fiscal to set up 100 fast electric vehicles charging corridors having 2,000 stations along the busiest 100 national highways. The company has recently opened its first EV charging corridor along the Chennai-Trichi-Madurai highway [...]
Russian ruble’s recovery masks disruptive impact of West’s sanctions – but it won’t make Putin seek peace
Middletown (US), Apr 13 (The Conversation) Six weeks into the war with Ukraine, Russia’s economy seems to be holding up better than initially expected.Despite unprecedented sanctions and an exodus of Western companies, the Russian ruble – a widely followed indicator of the economy – has recovered all of its earlier losses. Meanwhile, billions of dollars [...]
Fame Forever by Lifestyle launches their latest campaign, ‘Wear it. Pair it. Anywhere it.’
~Fame Forever offers vibrant, young and versatile everyday clothing for men, women and kids~ BANGALORE, India, April 13, 2022 /PRNewswire/ -- Lifestyle, one of India's leading fashion destination for the latest trends, launches their newest campaign for Fame Forever- 'Wear it. Pair it. Anywhere it.' The collection features functional pieces that are essential for men, [...]
Exports up 20% to $ 42 bn in March; reaches $ 420 bn in FY22
The country's exports in March 2022 rose 19.76 per cent to USD 42.22 billion on account of healthy performance by sectors such as petroleum products, engineering, and leather, even as trade deficit during the month widened to USD 18.51 billion. In March 2021, exports stood at USD 35.26 billion, according to a commerce ministry data [...]
PEPPER COPRA CLOSING
MUMBAI, APR 13 (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 SVC SVC 134 1047 NNNN [...]
OILSEEDS PRICES
APRIL 13, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) OIL SEEDS (per 100 Kgs) Gr. Kernel 8000.00 Gr. Bolds 60/70 8800.00 Gr. Javas 60/70 9900.00 Gr Javas 70/80 9800.00 Gr.Javas 80/90 9400.00 Kardiseed 2pct Crug/Expor Qly 5800.00 Seasameseed Whitish 98/2/FFA/1FM 10000.00 Whitish 95/5/FFA/1FM 9800.00 Brown 48/2 FFA/4 FM 9400.00 Brown 48/3 FFA/4 FM 9100.00 Brown [...]
Prestige Estates sales bookings up 90% to record Rs 10,382 cr in FY22
Realty firm Prestige Estates on Wednesday reported a 90 per cent increase in sales bookings to an all-time high of Rs 10,382.2 crore during the last financial year on better demand for its properties. Its sales booking stood at Rs 5,460.8 crore in the 2020-21 financial year. The sales bookings of Bengaluru-based Prestige Estates came [...]
Punjab Cabinet nod to ordinance ensuring RDF be spent on mandis-related infra in rural areas
Chandigarh, Apr 13 (PTI) The Punjab Cabinet on Wednesday approved an ordinance to ensure that rural development fund (RDF), collected by the state on foodgrain procurement, was spent only on the infrastructure related to mandis in rural areas. In a meeting, chaired by Chief Minister Bhagwant Mann here, the Cabinet gave its approval to the [...]
Rishi Sunak offers unreserved apology, pays ‘partygate’ fine
UK Chancellor Rishi Sunak has offered an “unreserved apology” and paid the fine imposed on him by Scotland Yard for breaching COVID lockdown rules in June 2020, when he attended a birthday party at Downing Street for his boss – Prime Minister Boris Johnson. The Indian-origin finance minister offered the apology in a statement issued [...]
Sebi fines BSE, NSE for laxity in detecting misuse of clients’ funds by Karvy Broking
Capital markets regulator Sebi has penalised stock exchanges -- BSE and NSE -- for "laxity" on their part in detecting misuse of clients' securities worth Rs 2,300 crore by Karvy Stock Broking Ltd (KSBL). In two separate orders, the Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 3 crore on [...]
ICICI Bank, GIFT SEZ join hands to promote GIFT SEZ to Indian, global businesses
New Delhi, Apr 13 (PTI) ICICI Bank and GIFT City Gurajat have come together to attract global investors as well as capital market firms to set up their operations in GIFT SEZ. ICICI Bank and GIFT SEZ (special economic zone) have signed a Memorandum of Understanding (MoU) to promote GIFT SEZ to Indian as well [...]
RR Kabel acquires Luminous’ home electrical biz
New Delhi, Apr 13 (PTI) Wires and cables brand RR Kabel on Wednesday said it has acquired Luminous Power's home electrical business (HEB) from French engineering company Schneider. This acquisition will further strengthen RR Kabel’s consumer electrical business, which has a portfolio of fans, lights and appliances, company's Managing Director Shreegopal Kabra said while sharing [...]
Motilal Oswal recommends buying this multibagger stock which has given 170% in a year
Analysts at Motilal Oswal expect the growth momentum to continue in transport sector stocks due to a pick up in economic activity, normalization in transportation and government reforms that will benefit organized players in the sector. They gave a buy rating on the shares of Transport Corporation of India (TCI), on 6th April 2022 with [...]
Guar seed futures rise on spot demand
New Delhi, Apr 13 (PTI) Guar seed prices on Wednesday rose by Rs 91 to Rs 6,349 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 91 or 1.43 per [...]
HarperCollins presents Dream Factory: A Novel by Sujatha translated by Madhavan Narayanan
NEW DELHI, April 13, 2022 /PRNewswire/ -- HarperCollins Publishers is all set to release Dream Factory, a no-holds-barred look into one of the world's most prolific film industries- based on bestselling writer Sujatha's first-hand observations Dream Factory: A Novel By Sujatha, translated by Madhavan Narayanan Fiction/Translation | PB | Rs 399 About the Book Set [...]
Guar gum futures gain on spot demand
New Delhi, Apr 13 (PTI) Guar gum prices on Wednesday gained Rs 196 to Rs 12,344 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 196 or 1.59 per cent to Rs 12,344 [...]
Indian Glory Awards 2022 Award Winners – Kiteskraft Productions
Chandigarh, India – Business Wire India Indian Glory Awards was organised by Kiteskraft Productions recently. The event was held in all its glory with the gathering of winners from across categories such as Corporates, Retail, Fashion, Education, Health, Art, Literature, Humanitarian work, Social Service and other eminent personalities. One of the most important factors that [...]
Govt committed to provide seamless connectivity in Andaman and Nicobar Islands: Gadkari
New Delhi, Apr 13 (PTI) The government is committed to build safer all-weather roads to provide seamless connectivity in Andaman and Nicobar Islands, Union minister Nitin Gadkari said on Wednesday. The road transport and highways minister in a series of tweets said, the Beodnabad to Ferrargunj section of NH-4 in Andaman and Nicobar Islands was [...]
Crude oil futures gain on spot demand
New Delhi, Apr 13 (PTI) Crude oil prices on Wednesday rose by Rs 15 to Rs 7,659 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 15 or 0.2 per cent to Rs 7,659 per barrel in 3,963 [...]
KLM to resume flight services on Bengaluru–Amsterdam route from May 25
Mumbai, Apr 13 (PTI) Royal Dutch carrier KLM on Wednesday announced the resumption of its flight services on the Bengaluru–Amsterdam route from May 25. KLM had temporarily stopped operating its services to India after the Central government suspended all scheduled international flights from and to India, in late March 2020, in the wake of the [...]
Zydus to supply product to US firm Sagent from Gujarat plant
New Delhi, Apr 13 (PTI) Zydus Lifesciences on Wednesday said it will supply Caffeine Citrate Oral Solution from its Gujarat-based manufacturing plant to Sagent Pharmaceuticals, Inc. The company will be manufacturing and supplying Caffeine Citrate Oral Solution in the strengths of 60 mg per 3 ml (20 mg per ml) single-dose vial from its injectables [...]
Lloyd ropes in Sourav Ganguly as Brand Ambassador for Eastern Indian markets
New Delhi, Apr 13 (PTI) Electrical goods major Havells India on Wednesday said its consumer durables brand, Lloyd, has roped in former Indian cricket captain Sourav Ganguly as its Brand Ambassador for Eastern Indian markets. Ganguly will endorse Lloyd range of consumer durables, through promotion, advertising and marketing as a part of the association, Havells [...]
Global NCAP gives three-star adult safety rating to Hyundai Creta, i20
New Delhi, Apr 13 (PTI) Vehicle safety group Global NCAP has given three-star safety rating out of five for adult occupant protection to Hyundai's Motor India's mid-sized SUV Creta and premium hatchback i20 after conducting crash tests. Toyota Kirloskar Motor's (TKM) Urban Cruiser received four-star safety rating. Vehicles are rated from zero to five based [...]
Focus on better cultural understanding not numbers & quick fixes for diverse and inclusive work culture
Delhi, 13th April 2022: With organisations 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 [...]
Buyofuel on course to capture 25% of India’s Biofuels Market and at least 5% of India’s wastes market
New Delhi, 13th April 2022: By making biofuel accessible and connecting raw materials aggregators, manufacturers, consumers and waste materials in an all-in-one app, Buyofuel is empowering the biofuel industry with its online green fuel marketplace. Taking a leap towards a sustainable future, the company is envisioning to create a platform for trading of biofuel-based commodities [...]
Teamology Softech Media bags communication mandate for RD Accessories
Teamology has recently won the communications mandate for RD Accessories. As part of the mandate, the firm will be responsible for developing and executing unique public relation campaigns across all digital platforms and touch points in order to reach the proper target audience. Founded in the year 2002, RD Accessories is a premium brand that [...]
Get SAT Wins Multi-Million Dollar U.S Government Contract
REHOVOT, Israel, 13 April, 2022/Medianet International-AsiaNet/-- - Milli SAT-EX Ka-band miniaturized terminal integrated with the R4 Integration, Inc. Multi-Purpose Hatch System (MPHS) Supports airborne communications-on-the-move requirements - Get SAT an innovator in lightweight satellite communication terminals for ground, airborne, and maritime applications, today announced that it has been awarded, in partnership with R4 Integration, the [...]
MUM BULLION OPENING RATES
MUMBAI, APR 13 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 69025.00 STANDARD GOLD (99.5) : 52827.00 PURE GOLD (99.9) : 53039.00 ------------------- PTI MUM SVC SVC
Plastic ban: Imported paper straws to have cost implications, says packaged food industry
New Delhi, Apr 13 (PTI) Manufacturers of small packaged fruit juices and dairy products have sought an extension of the July 1 deadline, for implementing the ban on plastic straws and said imported paper straws are expected to increase their input cost but unlikely to meet the industry's requirement. Arguing that there is no viable [...]
Anand Rathi shares up 12% as Q4 net profit surges 239%; Declares final dividend
Financial Services firm Anand Rathi reported a three-fold jump in its profit after tax on Tuesday. It reported a 239% YoY surge in its net profit at ₹35 crores for the fourth quarter ended March 2022, as against ₹10 crores reported in the previous year. Shares of the company are trading 11% higher at ₹ [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, APR 13 (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 CODE TTBUY TTSEL BILLBUY TTSEL USD/INR 75.42 76.92 75.36 77.08 EUR/INR 81.15 83.97 81.09 84.13 GBP/INR 97.56 100.66 97.48 100.86 JPY/INR 59.72 61.64 59.67 61.76 [...]
Hariom Pipe shares debut with nearly 44% premium
Shares of Hariom Pipe Industries on Wednesday opened with a premium of nearly 44 per cent against the issue price of Rs 153. The stock made its debut at Rs 214, registering a jump of 39.86 per cent against the issue price on the BSE. At the NSE, it opened at Rs 220, a gain [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, APR 13 (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 SVC SVC
RBI-MONEY MARKET OPERATIONS
MUMBAI, April 13 (PTI) Money Market Operations as on April 12, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 503,208.33 3.47 0.01-3.80 I. Call Money 8,152.59 3.44 2.20-3.80 II. Triparty Repo 373,991.50 3.55 3.50-3.75 III. Market Repo 121,064.24 3.24 0.01-3.75 IV. Repo [...]
Successive Technologies Launches ‘The Founder’s Club’ Program and ESOPs Policy
As part of its efforts toward recognizing top talent within the company and encouraging valuable initiatives, Successive Technologies has launched 'The Founders Club' - a program to acknowledge top performers and reward them with elite benefits & perks, and ESOPs policy. NOIDA, India, April 13, 2022 /PRNewswire/ -- Successive Technologies has always believed in their [...]
Pahal Financial Services Raises USD 10 Million in Equity and Debt Capital FromHuruma Fund and Magallanes Impacto FIL (Managed and Advised by GAWA Capital Respectively)
Ahmedabad, Gujarat, India – Business Wire India Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd. recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe’s impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) and a debt round from GAWA Capital’s advised debt vehicle (Magallanes [...]
Secy Raimondo, EAM Jaishankar meet to discuss US-India commercial ties
Washington, Apr 13 (PTI) US Commerce Secretary Gina Raimondo and External Affairs Minister S Jaishankar on Tuesday met to discuss the bilateral commercial relationship. During the meeting, Raimondo expressed interest in continued engagement with India as the United States moves toward the launch of the Indo-Pacific Economic Framework, the Department of Commerce said in a [...]
Possibilities being explored for Indian shipyards maintaining, repairing US naval ships
Washington, Apr 13 (PTI) In a small but significant move, India and the United States have decided to explore the possibilities of Indian shipyards not only maintaining but also repairing American navy ships. This is expected to not only further boost the India-US defence trade, but also bring additional business to the Indian shipyards. The [...]
USTR Tai meets EAM Jaishankar, bilateral trade discussed
Washington, Apr 13 (PTI) United States Trade Representative Katherine Tai held a meeting with visiting External Affairs Minister S Jaishankar Tuesday, during which they discussed bilateral trade relationship and took stock of the current situation. Deputy United States Trade Representative Sarah Bianchi also joined the meeting, during which the two leaders took stock of current [...]
‘Centre cooperating with all states on paddy procurement, following uniform policy’
New Delhi, Apr 12 (PTI) The Centre on Tuesday said it is cooperating with all the states on paddy procurement with no exception and has been following a uniform and consistent policy to ensure the welfare of farmers.In fact, the Telangana government is yet to submit its procurement estimate of rabi rice for 2021-22 to [...]
Centre forms teams for assessing shrivelled grains due to heatwave in Punjab
Chandigarh, Apr 12 (PTI) The Centre on Tuesday formed five teams to assess the shrivelled grains because of the early onset of the heatwave, following a request by the Punjab government for revisiting the specifications in the wheat purchase.A spokesperson of the state government said these teams will arrive in Punjab on Wednesday and visit [...]
Tata Steel Mining buys Rohit Ferro-Tech for Rs 617 cr
New Delhi, Apr 12 (PTI) Tata Steel Mining Ltd (TSML) has acquired debt-laden Rohit Ferro-Tech Ltd for Rs 617.12 crore through an insolvency resolution process. As per the terms of the resolution plan, TSML has funded Rs 617.12 crore for paying the admitted Corporate Insolvency Resolution Process (CIRP) cost, employee dues, operational creditors and financial [...]
Structural safety certificate from project engineer must be made mandatory for buildings, says advisory panel
New Delhi, Apr 12 (PTI) Amid a public outcry over partial collapse of a residential building in Gurugram, a top central advisory body on Tuesday pitched for making it mandatory to obtain structural safety certificates from the promoter of the project and the site engineer for seeking the completion certification. The third meeting of the [...]
WTO lowers global trade volume growth forecast to 3 pc for 2022
New Delhi, Apr 12 (PTI) The world merchandise trade volume is expected to grow by 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine, the WTO said on Tuesday.Prospects for the global economy have darkened since the outbreak of war in [...]
Fire incidents in electric vehicles unlikely to impact EV sales in long-term: Crisil
Mumbai, Apr 12 (PTI) The recent fire incidents in electric vehicles are unlikely to have any long-term impact on the sales of EVs in the country, but there could be an immediate perception that whether these vehicles are safe or not, credit rating agency Crisil said on Tuesday.There has been a spate of incidents where [...]
Plastic ban: Imported paper straws to have cost implications, says packaged food industry
New Delhi, Apr 12 (PTI) Manufacturers of small packaged fruit juices and dairy products on Tuesday sought an extension of the July 1 deadline for implementing ban on plastic straws and said the imported paper straws are expected to increase their input cost but unlikely to meet the industry's requirement. Arguing that there is no [...]
Pvt sector capex cycle to see revival during second half of current fiscal: CEA
New Delhi, Apr 12 (PTI) Asserting that the economic situation is likely to improve during the year, Chief Economic Adviser V Anantha Nageswaran on Tuesday expressed hope that the private sector is expected to accelerate capital expenditure from the second half of the current fiscal. The investment from private sector has been muted for past [...]
Deeply disappointed by TRAI recommendations on 5G spectrum; prices still too high: COAI
New Delhi, Apr 12 (PTI) Telecom industry body COAI, whose members include Bharti Airtel, Reliance Jio and Vodafone Idea, has expressed deep disappointment over TRAI's recommendations on 5G, and has termed the spectrum pricing suggested by the regulator as "too high". Bharti Airtel Chairman Sunil Mittal declined to comment on the TRAI's spectrum pricing recommendations [...]
Airtel fought difficult battles, emerged stronger: Sunil Mittal
New Delhi, Apr 12 (PTI) Bharti Airtel fought difficult battles and emerged stronger as a "very stable organisation", after a five-year storm in the telecom industry that was marked by falling revenue and high debt, the company's Chairman Sunil Mittal said on Tuesday. Speaking at an event organised by the All India Management Association (AIMA), [...]
SIA, IESA ink pact to boost semiconductor co-operation
Semiconductor Industry Association (SIA), a top trade body representing the US semiconductor industry, on Tuesday inked a pact with India Electronics and Semiconductor Association (IESA). The memorandum of understanding (MoU) inked on Tuesday aims to foster collaboration and identify potential opportunities between the two countries in the semiconductor sector, according to a statement. Under the [...]
SAP unveils ‘Transformation Express’ to drive cloud adoption
New Delhi, Apr 12 (PTI) SAP India on Tuesday announced the launch of an immersive mobile experience centre 'Transformation Express' to advance cloud adoption and drive business transformation for the Indian mid-market.In a statement, SAP said it also will foster industry-academic partnerships to familiarise the next-generation youth with emerging technologies to make them future-ready.The company [...]
Inflation rises to 17-month high of 6.95% in March; IIP grows 1.7% in Feb
New Delhi, Apr 12 (PTI) Retail inflation soared to a 17-month high of 6.95 per cent in March, continuing to remain above the Reserve Bank's upper tolerance level while the factory output grew just 1.7 per cent in February, according to official data released on Tuesday. The Consumer Price Index (CPI) based inflation rose mainly [...]
CCI notifies revised confidentiality regime under competition law
New Delhi, Apr 12 (PTI) Competition Commission has notified the revised confidentiality regime under the competition law, which will ensure that commercially sensitive information is protected from being disclosed to an unauthorised person.In a tweet on Tuesday, Competition Commission of India (CCI) said it has notified the revised confidentiality regime under Regulation 35 of the [...]
CNG price soars by Rs 12/kg, PNG by Rs 9.50/SCM in Maharashtra
Within a week of steeply increasing the retail price of CNG and PNG, the city gas utility announced another hike in the prices of these fuels by Rs 5/kg and Rs 4.50, effective Tuesday midnight, citing the massive rise in input prices. It had earlier raised the retail price of auto fuel CNG and cooking [...]
Nykaa founder Falguni Nayar named EY Entrepreneur of the Year
New Delhi, Apr 12 (PTI) Nykaa founder and CEO Falguni Nayar was on Tuesday named the EY Entrepreneur of the Year 2021.An investment banker turned entrepreneur, Nayar disrupted a brick-and-mortar industry by taking a digital route to sell beauty products in 2012. Nykaa is one of the most profitable startups in the country, and over [...]
States should not dilute RERA provisions: Puri
New Delhi, Apr 12 (PTI) Union Minister for Housing and Urban Affairs Hardeep Singh Puri on Tuesday asserted that there should be no dilution of the provisions of the Real Estate (Regulation and Development) Act, called as RERA, by states, and assured that the Centre will not bring the "whole template down" even if some [...]
EV firm Fisker Inc sets up India headquarters in Hyderabad
Mumbai, Apr 12 (PTI) NYSE-listed electric vehicle company Fisker Inc has set up its India headquarters in Hyderabad (Telangana) and it will focus on software and virtual vehicle development support functions. The California-based EV maker it said has already started recruitment of local talent and expects to create 200 potential jobs in India. The development comes [...]
Need to increase growth rate, per capita income of aspirational districts: Gadkari
New Delhi, Apr 12 (PTI) Union Minister Nitin Gadkari on Tuesday said there is a need to increase the growth rate and per capita income of India's aspirational districts.Gadkari further said increasing exports and reducing imports are the national mission of the government."There is a need to accelerate economic growth of the country," the road transport [...]
Future Enterprises defaults on Rs 9.10 cr interest payment for NCDs
New Delhi, Apr 12 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Tuesday said it has defaulted on payment of Rs 9.10 crore interest on non-convertible debentures.The payment was due on April 11.FEL has defaulted interest for the period between October 11, 2021, to April 10, 2022, a regulatory filing from the Future group firm said.The [...]
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