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Agrochemical stock hits 5% upper circuit after company expands its capacity
Multibagger Agrochemical stock engaged in the production, processing, and marketing of high-quality hybrid seeds, Pesticides, micronutrients, and many more hit a 5 percent upper circuit following capacity expansion. Price Action With a market capitalization of Rs. 292 Crores, the shares of Nirman Agri Genetics Limited hit a 5 percent upper circuit in the day’s trade [...]
Realty stock to buy now for an upside of 21%; Do you own it ?
India's real estate sector is booming, with residential and commercial projects driving significant growth. The commercial real estate market is projected to grow from USD 40.71 billion in 2024 to USD 106.05 billion by 2029, while residential property demand surges due to urbanization and rising incomes, making India a key player in global real estate [...]
Maharatna stock in focus after receiving order from NTPC for thermal power plant
Maharana PSU which is one of the largest engineering and manufacturing companies in India catering to sectors like nuclear power, thermal, transmission, renewable Energy and many more in focus upon receiving work order for thermal power plant. Price Action With a market capitalization of Rs. 81,438 Crores, the shares of Bharat Heavy Electricals Limited were [...]
IT stock jumps 5% after acquiring US-based IT company for $110 Mil
The shares of the leader in engineering service gained up to 5 percent after the company signed an agreement with Intelliswift to acquire a 100 percent stake in the company. L&T Technology Services Ltd has a market capitalization of Rs 56,349.46 crore, the shares were trading at Rs 5333.85 per share, increasing around 4.43 percent [...]
Stock under ₹20 hits upper circuit after reporting 1250% YoY Increase in net profit
Shares of this micro-cap company operating in the business of mines and minerals hit a 2 percent upper circuit on Tuesday morning after the company reported a 1,250 percent YoY increase in net profit, along with strong revenue growth in its latest quarterly results. Share Price Movement During Tuesday’s trading session, Gujarat Toolroom Ltd's share [...]
2 Stocks jump 7% after reporting up to 186% YoY increase in net profits
October 2024 marks the beginning of a significant financial results season in India, as many companies begin reporting their earnings for the second quarter of the fiscal year 2024-25. This period is crucial for investors and analysts, offering insights into the economic health and performance of various sectors. Here are two companies that have experienced [...]
PSU stock jumps after receiving orders worth ₹448 Cr from GAIL and others
Shares of one of the largest realty CPSEs in India with operations in project management consultancy and development surged by nearly 2 percent on BSE to Rs. 96.45 on Tuesday, after receiving new work orders worth Rs. 448.74 crores from multiple clients, including GAIL (India) Limited. With a market cap of Rs. 25,903.8 crores, at [...]
Defence stock hits upper circuit after company’s net profit increases by 305% YoY
Defence stock engaged in the business of designing, developing, and manufacturing Defence Application Products, Kitchen, and Dairy equipments related to it hit a 2 percent upper circuit in the day’s trade following 305 percent jump in Net Profits. Price Action With a market capitalization of Rs. 1,002 Crores, the shares of Krishna Defence and Allied [...]
Textile stock hits 20% upper circuit after reporting 94% YoY increase in net profit
Shares of this micro-cap company operating in the textile industry hit a 20 percent upper circuit and 52-week high on Tuesday morning after the company reported a 94 percent YoY increase in net profit, along with strong revenue growth in its latest quarterly results. Share Price Movement During Tuesday’s trading session, VTM Ltd's share price [...]
Navratna stock in focus after company’s board approves 2:1 bonus issues
The shares of the largest producer of iron ore fell up to 4.2 percent despite the board of directors of the company approves the bonus issue in the ratio of 2:1. With a market capitalization of Rs 66,055.86 crore, the shares of NMDC LTD. were trading at Rs 225.40 per share, decreasing around 3.24 percent [...]
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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
Spicejet should consider giving some interest to Kal Airways, Kalanithi Maran: SC
New Delhi, Apr 12 (PTI) The Supreme Court on Tuesday asked the low-cost airline SpiceJet to consider “giving some interest” to media baron Kalanithi Maran and his Kal Airways for settling the dispute relating to a share-transfer issue. A bench comprising Chief Justice N V Ramana and Justices Krishna Murari and Hima Kohli has now [...]
Tata Steel completes acquisition of SAIL’s stake in S&T Mining
New Delhi, Apr 12 (PTI) Tata Steel on Tuesday said that it has completed the acquisition of entire stake held by state-owned SAIL in S&T Mining. The acquisition is part of Tata Steel Group portfolio restructuring and simplification strategy. Tata Steel had recently said that it has executed a share purchase pact with Steel Authority [...]
NCLT initiates insolvency proceedings against McDowell Holdings, appoints IRP
New Delhi, Apr 12 (PTI) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against McDowell Holdings Ltd and appointed an interim resolution professional.The Bengaluru Bench of NCLT admitted the plea filed by Sun Star Hotels and Estate Pvt Ltd, a financial creditor of the erstwhile Vijay Mallya-promoted company, claiming a default of Rs [...]
Go First appoints Girish Advani as Chief Commercial Officer
Mumbai, Apr 12 (PTI) Domestic carrier Go First has appointed Girish Advani as its Chief Commercial Officer with immediate effect, a source said on Tuesday. Advani has moved to the airline from Wadia Group, where he was serving as Vice President for Corporate Affairs. He succeeded Praveen Iyer, who quit the company in September 2020 [...]
Jitendra New EV Tech investigating incident of its electric scooters catching fire
New Delhi, Apr 12 (PTI) Electric vehicles maker Jitendra New EV Tech Pvt Ltd on Tuesday said it is investigating the cause of its electric scooters catching fire while being transported in a container truck last week.The incident happened on April 9 near the company's factory gate at Nashik in Maharashtra."We are investigating the root [...]
JK Files & Engg eyes Rs 1,000 crore topline in current fiscal; to expand capacity
Mumbai, Apr 12 (PTI) IPO-bound JK Files & Engineering, an arm of Raymond Group, aims to clock around Rs 1,000 crore topline as well as expand its capacity in the current financial year. The city-based company hopes to have around Rs 820 crore revenues in the fiscal ended March 31, 2022, up from over Rs [...]
FM meets EU delegation to discuss FTA, other issues
New Delhi, Apr 12 (PTI) Finance Minister Nirmala Sitharaman on Tuesday met an EU delegation led by Member of the European Parliament (MEP) Bernd Lange and discussed issues of mutual interests, including the India-EU trade pact.As two of the largest open market economies and pluralistic societies, India and the EU can work towards a partnership that [...]
Fino Payments Bank to buy 12.19% stake in PaySprint
Mumbai, Apr 12 (PTI) Fino Payments Bank on Tuesday announced that it will buy a minority stake in New Delhi-based fintech PaySprint for an undisclosed amount. The bank will be picking up to 12.19 per cent stake in the company which offers APIs (Application Programming Interfaces) in banking, payments, travel, lending, insurance and investments, as [...]
Rupee falls 24 paise to close at 76.15 against US dollar
Mumbai, Apr 12 (PTI) The rupee fell 24 paise to close at 76.15 against the US dollar on Tuesday, tracking strong American currency in the overseas market and a negative trend in domestic equities. Forex traders said investors were trading on a cautious note ahead of the inflation data release. At the interbank foreign exchange [...]
Last9 mops up USD 13 mln from Sequoia, Better Capital, others
Mumbai, Apr 12 (PTI) Last9, a software reliability platform, has raised USD 11 million (over Rs 83 crore) in a funding round led by Sequoia Capital India. The series A funding also saw the participation from co-investor Better Capital and a few angel investors. This is the second funding for the company after it raised [...]
Spectrum prices recommended are rational, based on scientific calculation: Trai Chief
New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]
Anand Rathi Wealth Q4 profit rises to Rs 35 cr
New Delhi, Apr 12 (PTI) Anand Rathi Wealth on Tuesday reported an over three-fold jump in its profit after tax at Rs 35 crore for the quarter ended March 2022. In comparison, the company had posted a Profit After Tax (PAT) of Rs 10 crore in the same quarter the preceding fiscal, Anand Rathi Wealth [...]
Spectrum prices recommended are rational, based on scientific calculation: Trai Chief
New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]
Napino Auto ties up with Israeli startup to develop motors for electric two-wheelers
Mumbai, Apr 12 (PTI) Automobile component maker Napino Auto & Electronics on Tuesday said it has signed an agreement with Israel-based startup EVR Motors to develop and manufacture motors for electric two-wheelers in India. The commercial licensing pact with EVR for TSRF motors will give a new shape to the EV industry with lower cost [...]
NMP: Govt completes transactions worth Rs 96,000 crore in FY22
New Delhi, Apr 12 (PTI) The government completed transactions worth Rs 96,000 crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious programme's first-year target of Rs 88,000 crore, a top official said on Tuesday.According to the official, Finance Minister Nirmala Sitharaman in a meeting with CEO Niti Aayog, finance secretary, and secretaries [...]
Ola Electric to accelerate new projects, focus on tech
New Delhi, Apr 12 (PTI) Ola Electric CEO Bhavish Aggarwal on Tuesday said the company plans to accelerate its new ambitious projects such as electric car, cell manufacturing and the gigafactory, besides deepening focus on technology and engineering. The company is doubling down on building the future in the country, Aggarwal said while refuting reports [...]
Spectrum prices recommended are rational, based on scientific calculation: Trai Chief
New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]
RapidEVChargeE to widen national footprint to 5,000 charging units in 3 years
Coimbatore, Apr 12 (PTI) City-headquartered RapidEVChargE, an electric vehicle charging solutions company, is all set to expand its footprint pan-India and aims to install 5,000 EV charging units in the next three years. In addition to manufacturing a wide range of EV chargers, RapidEVChargE's proprietary software is the only indigenously developed solution that allows compatibility [...]
February factory output grows 1.7 pc in Feb
New Delhi, Apr 12 (PTI) Factory production expanded by 1.7 per cent on an annual basis in February on account of improved performance by the mining and power generation sectors, as per government data released on Tuesday.The Index of Industrial Production (IIP) had contracted by 3.2 per cent in February 2021. The growth was 1.5 [...]
PNB, IDBI Bank get govt nominee directors on their boards
New Delhi, Apr 12 (PTI) The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors. Pankaj Sharma has been nominated as a director of the bank through a notification dated April 11, 2022 with immediate effect and until further [...]
TCIL Q4 profit rises to Rs 114 cr
New Delhi, Apr 12 (PTI) Tinplate Company of India Ltd (TCIL) on Tuesday reported a two-fold rise in its profit at Rs 114.41 crore for the quarter ended March 2022. The company had posted a profit of Rs 56.15 crore in the year-ago period, TCIL said in a filing to BSE. The total income of [...]
Spectrum prices recommended are rational, based on scientific calculation: Trai Chief
New Delhi, Apr 12 (PTI) Amid the industry's concerns over less-than-expected price cuts, Trai Chairman PD Vaghela on Tuesday asserted that the regulator's recommendations of a 39 per cent drop in spectrum prices are rational, attractive and backed by "scientific calculations".Vaghela told PTI that in view of the huge market potential of 5G, he is [...]
Sebi amends debenture trustee norms
New Delhi, Apr 12 (PTI) Capital markets regulator Sebi has amended norms related to security cover, disclosure of credit ratings and due diligence certificate for unsecured debt securities. Sebi has revised rules pertaining to debenture trustee norms, apart from issue and listing of non-convertible securities norms and LODR (Listing Obligations and Disclosure Requirements) rules, according [...]
IG, Engin Tarim form JV to cultivate apples in India
Mumbai, Apr 12 (PTI) Fruit importers IG International on Tuesday said it has entered into a joint venture with Turkish apple producer Engin Tarim to cultivate 50,000 tonnes of apples in Himachal Pradesh and Uttarakhand in the next three years.The joint venture named as IG-EnginTarim will nurture and cultivate 50,000 tonnes of apples in around [...]
MCX ties up with Chittagong Stock Exchange to launch Bangladesh’s first commex
Mumbai, Apr 12 (PTI) The Multi Commodity Exchange of India (MCX) on Tuesday said it will help in setting up the first commodity exchange in Bangladesh in association with Chittagong Stock Exchange. The country's largest commodities exchange signed a consultancy agreement with Bangladesh's bourse to help establish Bangladesh's first commodity derivatives platform. Under the agreement, [...]
Centre does not intend to interfere in state cooperatives; will seek consent for uniformity in state laws: Shah
New Delhi, Apr 12 (PTI) Asserting that reforms are required to strengthen cooperatives in the country, Cooperation Minister Amit Shah on Tuesday said the Centre does not intend to interfere in the functioning of state cooperatives but will endeavour to bring uniformity in state laws through dialogue and coordination. He also emphasised on the need [...]
Bharat Serums and Vaccines to set up Rs 200 crore facility in Telangana
Hyderabad, Apr 12 (PTI) Bharat Serums and Vaccines Limited (BSV) will be investing Rs 200 crore for setting up a vaccine and injectables making facility in Telangana, an official release said on Tuesday. BSV’s Managing Director and Chief Executive Officer Sanjeev Navangul, met with Telangana Industries Minister K T Rama Rao at Pragati Bhavan, it [...]
NEWSALERT
Spectrum prices recommended are rational, based on scientific calculations: Trai Chairman PD Vaghela to PTI. PTI MBI BAL BAL
ESR leases 43,000 sq ft land to France-based A2Mac1 near Chennai
Chennai, Apr 12 (PTI) Asset manager ESR on Tuesday said it has leased out 43,000 square feet land of prime industrial real estate to France-based A2Mac1, a leader in the competitive benchmarking industry and reverse engineering for the automotive sector. A2Mac1 would use the facility located at Oragadam near here, for developing data and reports [...]
Retail inflation soars to 17-month high of 6.95 pc in Mar as costlier food items pinch
New Delhi, Apr 12 (PTI) Costlier food items pushed the retail inflation to a 17-month high of 6.95 per cent in March, much above the upper tolerance level of the Reserve Bank, according to government data released on Tuesday.This is the third consecutive month that the Consumer Price Index (CPI)-based inflation remained above the 6 [...]
Deported official of Nirav Modi’s firm remanded in CBI custody in PNB fraud case
A special court here on Tuesday remanded Subhash Shankar Parab, an aide of fugitive diamantaire Nirav Modi, in CBI custody till April 26 in a Rs 7,000-crore Punjab National Bank (PNB) fraud case. Parab was deported to India from Cairo in Egypt earlier in the day, as per the Central Bureau of Investigation (CBI) officials. [...]
NCLAT stays formation of creditors’ panel for ATS group firm
New Delhi, Apr 12 (PTI) The National Company Law Appellate Tribunal (NCLAT) has stayed the formation of the committee of creditors of real estate firm Ananda Divine Developers which is facing insolvency proceedings. Ananda Divine Developers is one of the companies of the Noida-based ATS group. Earlier on March 25, the Delhi bench of the [...]
Greaves Electric Mobility partners with Mesha Energy Solutions for battery technology
New Delhi, Apr 12 (PTI) Greaves Electric Mobility Pvt Ltd on Tuesday said it has entered into a partnership with Mesha Energy Solutions Pvt Ltd to improve battery technology for its products across the portfolio. Through the partnership with Mesha Energy Solutions, which is a wholly-owned subsidiary of Mesha, Inc. based in the USA, the [...]
Dr Oetker expects turnover to cross Rs 1,000 crore in next 5-6 yrs
New Delhi, Apr 12 (PTI) German food manufacturer Dr Oetker is expecting its operations in India to clock turnover of Rs 1,000 crore in the next 5-6 years, driven by growth in mayonnaise, peanut butter and ready to eat cakes segments, according to a senior company official. Dr Oetker, which has emerged as one of [...]
Key official of diamantaire Nirav Modi’s firm deported from Egypt: Officials
New Delhi/Mumbai, Apr 12 (PTI) Subhash Shankar Parab, a key accused in the Rs 7,000 crore diamantaire Nirav Modi bank fraud case, was “deported” from Cairo on Tuesday after a long diplomatic and legal process, officials said.A CBI team had gone to Egypt's capital to bring back 50-year-old Parab who was allegedly kept in illegal [...]
Pakistan’s policy continuity in doubt, says Moody’s
Islamabad, Apr 12 (PTI) Moody’s Investors Service has highlighted cash-strapped Pakistan’s “significant uncertainty over policy continuity” and falling foreign exchange reserves even as the Pakistan Stock Exchange and the rupee made a steep recovery after Shehbaz Sharif was sworn-in as the new Prime Minister, bringing to an end the political uncertainty in the country.However, the [...]
NMP: Govt completes transactions worth Rs 96,000 crore in FY22
New Delhi, Apr 12 (PTI) The government completed transactions worth Rs 96,000 crore under the National Monetisation Pipeline (NMP) in 2021-22, surpassing the ambitious programme's first-year target of Rs 88,000 crore, a top official said on Tuesday.Road, power, coal and mining assets helped in surpassing the first-year target, the official said, adding that the long term [...]
Nepal tightens imports amidst narrowing foreign exchange reserves
Kathmandu, Apr 12 (PTI) Nepal has tightened imports of expensive cars, gold and other luxurious goods as its foreign exchange reserves have shrunk. Finance Minister Janardan Sharma told reporters that a proposal had been forwarded to temporarily ban the import of expensive and luxurious vehicles and not to allow the government agencies' vehicles to be [...]
Greaves Electric Mobility, Mesha Energy ink pact to improve battery technology
Chennai, Apr 12 (PTI) Greaves Electric Mobility, the e-mobility division of Greaves Cotton Ltd, has inked a pact with battery technology company Mesha Energy Solutions Pvt Ltd, the company said on Tuesday. With this association, the company aims to improve the battery technology for its products across the portfolio and expand its presence, Greaves Electric [...]
Disappointed by TRAI recommendations on 5G spectrum; prices too high: COAI
New Delhi, Apr 12 (PTI) Industry body COAI on Tuesday expressed deep disappointment over TRAI's recommendations on 5G and termed the spectrum pricing suggested by the regulator as "too high". Given the recent reforms for telecom sector announced by the government, these recommendations are "one step backwards than forward" towards building a digitally connected India, [...]
NEWSALERT
Disappointed by TRAI recommendations on 5G spectrum; pricing too high: Telecom industry body COAI. PTI MBI BAL HVA HVA
Load shedding only in areas with high T&D losses, low collection efficiency: MSEDCL
Mumbai, Apr 12 (PTI) The Maharashtra State Electricity Distribution Company (MSEDCL) is resorting to cutting electric supply only when it is facing demand-supply mismatches and that too in pockets where it is facing the highest losses, a senior official said on Tuesday. There is no "planned load shedding" in the state but there is "forced [...]
Mention delay, reasons for seeking extra time in responding to query on graft cases: CVC to depts
New Delhi, Apr 12 (PTI) The Central Vigilance Commission (CVC) on Tuesday asked all government departments to mention delay or reasons for seeking extra time in providing response to information sought by it in corruption cases.During the course of examination of cases/records received from the authorities, on a few occasions, it is observed that either [...]
India’s Policymakers Gather to Discuss Perspectives on Samaaj, Sarkaar, and Bazaar
The event organised by Indus Action brought together the likes of Mahua Moitra, P Thiaga Rajan, and Rohini Nilekani New Delhi, Delhi, India (NewsVoir) Indus Action, a public policy do tank, brought together policy stakeholders across sectors to discuss the perspectives of Samaaj, Sarkaar, and Bazaar (Society/Community, Government, and Markets) and develop a shared vision [...]
High sugar exports, consumption demand to trim stock levels despite rise in output: Report
Even as sugar production is estimated to grow by 6.8 per cent year-on-year to 33.3 million tonnes for SY2022 (sugar year), higher exports and domestic consumption are likely to trim down the inventory levels, according to a report. This would result in lower total debt even as debt-funded distillery expansions are ongoing, Icra said in [...]
This Summer, Elevate your Style Quotient with Exclusive Pieces from Men of Platinum’s Versatile Collection
Mumbai, Maharashtra, India (NewsVoir) The world as we know is changing. The future will be written by a different sort of man. One whose values will be tested, who will be called upon to make a choice. Between being feared or remembered. Between following the tried and true or charting a new path. Between blindly [...]
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 [...]
Creators Gram – An Influencer Marketing Company Achieves INR 1 Crore Monthly Recurring Revenue within 1 Year of its Inception
Take a peek at how Gaurav Jain’s bootstrapped start-up is achieving new milestones New Delhi, Delhi, India (NewsVoir) This March, Creators Gram celebrated its one-year anniversary. This bootstrapped startup founded by marketing enthusiast Gaurav Jain crossed 1 Million USD revenue within 9 months of its operations in India. They have also successfully achieved INR 1 [...]
Retail inflation shoots up to 6.95% in March
Consumer price-based inflation jumped to 6.95 per cent in March, mainly on account of costlier food items, according to government data released on Tuesday. The Consumer Price Index (CPI) based inflation was 6.07 per cent in February. The inflation in the food basket was 7.68 per cent in March, up from 5.85 per cent in [...]
CarDekho Group appoints Sharad Saxena as CEO for used-car biz
Mumbai, Apr 12 (PTI) Auto-tech company CarDekho Group on Tuesday said it has appointed Sharad Saxena as its CEO for the used car business.Saxena, who will report to CarDekho Group Founder-CEO Amit Jain, will oversee the pan-India used car business of the company, team development and work on strengthening the organisation's business offering through retail [...]
Hero Electric ties up with ElectricPe to set up charging infra
New Delhi, Apr 12 (PTI) Hero Electric on Tuesday said it has joined hands with EV charging platform ElectricPe to set up charging points across India for its customers. The collaboration entails Hero Electric riders to access ElectricPe’s charging network. The charging points would come up at residential complexes, offices, malls, and other establishments. The [...]
Dr Oetkar expects turnover to cross Rs 1,000 crore in next 5-6 yrs
New Delhi, Apr 12 (PTI) German food manufacturer Dr Oetker is expecting its operations in India to clock turnover of Rs 1,000 crore in the next 5-6 years, driven by growth in mayonnaise, peanut butter and ready to eat cakes segments, according to a senior company official. Dr Oetker, which has emerged as one of [...]
Insurer assessing damage caused by fire at Rohtak R&D centre: Maruti Suzuki
Maruti Suzuki India (MSI) on Tuesday said its Rohtak-based R&D centre, which witnessed a fire incident, is covered under an insurance policy and the damage assessment is being carried out. On Monday, the country' largest carmaker had informed the bourses that two people working with a contract firm died in a fire at its research [...]
Reduce time gap for COVID vaccine booster dose to six months: Serum Institute to govt
New Delhi, Apr 12 (PTI) Vaccine major Serum Institute of India (SII) has appealed to the government to reduce the gap between the second and booster dose to six months from nine months at present to safeguard people against emerging COVID variants, according to its CEO Adar Poonawalla. Recalling that they could not meet the [...]
The Whole Truth Foods (TWT) introduces India’s first dark chocolate sweetened ONLY with dates; launches in-house bean-to-bar chocolate factory in Mumbai
With this launch, TWT takes artisanal chocolate to scale by offering decadent premium dark chocolates at a highly competitive price point MUMBAI, India, April 12, 2022 /PRNewswire/ -- India's first 100% Clean Label brand, The Whole Truth Foods (TWT), presents India's first chocolate range, sweetened only with dates and without any added sugar or artificial [...]
Sunteck Realty’s sales bookings rise 27% to Rs 1,303 crore in 2021-22
New Delhi, Apr 12 (PTI) Sunteck Realty on Tuesday said its sales bookings rose 27 per cent to Rs 1,303 crore in the last fiscal.Its sales bookings stood at Rs 1,022 crore in the previous financial year.The company's collections from customers rose 35 per cent to Rs 1,053 crore in FY22 from Rs 780 crore [...]
India’s Semiconductor Pursuit gets a Strong Push
U.S. Semiconductor Industry Association signs MoU with its Indian counterpart to boost semiconductor cooperation in India New Delhi, Delhi, India (NewsVoir) The Semiconductor Industry Association (SIA), the top trade association representing the U.S. semiconductor industry, today signed a Memorandum of Understanding (MoU) with the India Electronics and Semiconductor Association (IESA), the premier trade group representing [...]
Grameen Impact Ventures Launches a Ground-breaking Initiative for Digitalization of Agriculture Value Chains
Nagpur, Maharashtra, India (NewsVoir) Grameen Impact Ventures (GIV), in collaboration with MasterCard Technologies, today announced the launch of Grameen Kisan Connect (GKC), a significant initiative toward the digitalization of agriculture value chains in India. Agriculture and allied services account for 18 per cent of India’s GDP and over half of all the employment in the [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 12 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 68150.00 67833.00 STANDARD GOLD (99.5) : 52434.00 52411.00 PURE GOLD (99.9) : 52645.00 52622.00 -------------------- PTI MUM SSBSSB SSB
Sensex slumps 388 points; Nifty tests 17,500 on weak global cues
Mumbai, Apr 12 (PTI) BSE benchmark Sensex slumped over 388 points to close at 58,576.37 on Tuesday, tracking heavy losses in index-majors Tata Steel, Wipro and Reliance Industries following a broad-based selloff in global markets.A sharp depreciation in the rupee and persistent selling by foreign investors also dented market sentiment, analysts said.Investors remained cautious ahead [...]
Dorf Ketal to acquire Khyati Chemicals
Mumbai, Apr 12 (PTI) Research-based specialty chemicals manufacturer Dorf Ketal has entered into an agreement to acquire the business of Ahmedabad-based Khyati Chemicals. According to sources in the chemicals industry, the deal could be worth anywhere between Rs 300 to Rs 400 crore. The deal will help Dorf Ketal, with an annual revenue of Rs [...]
TCS shares settle flat after earnings announcement
New Delhi, Apr 12 (PTI) Shares of Tata Consultancy Services on Tuesday settled on a flat note as the company's quarterly earnings failed to cheer investors. The market heavyweight stock opened the trade on a tepid note and gained 1.14 per cent to Rs 3,738.60 during the day on the BSE. It hit a high [...]
Drip Capital trade invoice facilitation touches USD 150 mn in March 22
New Delhi, Apr 12 (PTI) Global fintech firm Drip Capital on Tuesday said it facilitated a record USD 150 million (nearly Rs 1,142 crore) worth of trade invoice through its channel during March 2022. It is the highest origination by the company in a single month since its inception in 2016, Drip Capital said in [...]
redBus launches ‘redRail’; expects 10-15% contribution in gross ticketing value in 3-4 yrs
Mumbai, Apr 12 (PTI) redBus, a MakeMyTrip group company, on Tuesday announced the launch of redRail app and expects the segment to contribute 10-15 per cent in gross ticketing value of the company in 3-4 years. "The launch of standalone redRail app comes at an opportune time as there has been a steady increase in [...]
India-US to further strengthen cooperation in the field of education and skill development
Washington, Apr 12 (PTI) India and the US have decided to establish a new education group to further strengthen cooperation in the field of education and skill development through joint collaborations and promote student and scholar mobility to build people-to-people linkages.In a joint statement issued on Monday after the fourth India-US 2+2 Ministerial Dialogue, the [...]
14 gaming firms violating advertising code during IPL: ASCI
Mumbai, Apr 12 (PTI) At least 14 ads by mobile game operators broadcast during the first week of the ongoing IPL cricket tournament have been found to be violating the guidelines set by the advertising industry, self-regulatory watchdog ASCI said on Tuesday. The Advertising Standards Council of India (ASCI) said it screened 35 ads from [...]
ADB to provide USD 2 mn loan to support urban development in Nagaland
New Delhi, Apr 12 (PTI) The Asian Development Bank will provide a USD 2 million loan for designing climate resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilisation in Nagaland.Government of India and ADB on Tuesday signed the USD 2 million Project Readiness Financing (PRF) loan, the Manila- headquartered lender said in a [...]
NEWSALERT
Centre does not intend to interfere in state cooperatives; endeavour is to bring uniformity in state laws: Union Minister Amit Shah. PTI LUX DRR DRR
On first day as Pak PM, Shehbaz Sharif abolishes two weekly offs in government offices
Islamabad, Apr 12 (PTI) Pakistan's newly-elected Prime Minister Shehbaz Sharif on the first day in office on Tuesday abolished two weekly offs in government offices and also changed their timings, as he attempted to revive the cash-strapped country's economy.Sharif, who was sworn-in as the 23rd prime minister of Pakistan on Monday, reached his office at [...]
Shriram City aims to grow gold loan book to Rs 15,000-20,000 cr over next 5 yrs
Mumbai, Apr 12 (PTI) Shriram City Union Finance (Shriram City) on Tuesday said it is targeting to grow its gold loan book to Rs 15,000-20,000 crore over the next five years. As of December 31, 2021, the non-banking finance company's gold loan book stood at Rs 4,110 crore. The company, which has a strong gold [...]
Retail sales grow 28% in March with removal of pandemic-related restrictions
Retail sales in March grew by 28 per cent as compared to the same month last year with the removal of pandemic-related restrictions driving all-round growth of retail businesses across the country, industry body RAI said on Tuesday. According to the latest Retail Business Survey by Retailers Association of India (RAI), region wise, west showed [...]
PEPPER COPRA CLOSING
MUMBAI, APR 12 (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 SSB SSB SSB
Dehradun based Agritech startup Valley Culture raises Funding from TMRW Network
DEHRADUN, India, April 12, 2022 /PRNewswire/ -- Founders Shikha Prakash and Robin Nagar were appalled when they discovered that farmers in Uttarakhand were walking miles downhill to barter 5 kg Ghee for 5 kg salt because of pure innocence and sheer ignorance. Hoping to make an impact on the lives of these farmers and also [...]
COMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 12 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 801.00 COPPER HEAVY SCRAPS 790.00 COPPER ARMATURE (CREDIT) 773.00 COPPER UTENSILS SCRAP 712.00 CC ROD 841.00 CC ROD (RECYCLED) 799.00 BRASS :- BRASS SHEET CUTTING 578.00 BRASS UTENSIL SCRAP 544.00 BRASS HONEY 515.00 [...]
HC agrees to hear Tata Power on issue of challenge to transfer of power to Haryana from Delhi
New Delhi, Apr 12 (PTI) The Delhi High Court on Tuesday agreed to hear Tata Power Delhi Distribution Ltd in connection with BSES Rajdhani Power Limited's challenge to an order of the Ministry of Power on the transfer of power generated by a Dadri thermal station from the national capital to Haryana. Justice Yashwant Varma [...]
Mumbai, Kandla ports clog as oil cos clamour for select ports for LPG imports
New Delhi, Apr 12 (PTI) India's busiest ports at Kandla in Gujarat and Mumbai are further clogged with LPG import vessels as the state-owned oil companies refuse to go beyond a small list of ports that have been designated by the government to give freight subsidies for bringing in the cooking fuel from overseas, sources [...]
OILSEEDS PRICES
APRIL 12, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) DEOILED CAKES (per M.T.) G.N.Extr.45% 40000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 36000.00 Rice Bran Extr. - Sunflower Extr. 30000.00 Rapeseed Extr. - Soyameal 48% 64696.00 Castor Extr. 10350.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 8000.00 Gr. Bolds 60/70 8800.00 [...]
Institutional investments in real estate jumps over 2-fold to USD 1.1 bln in Jan-Mar
New Delhi, Apr 12 (PTI) Institutional investments in real estate jumped over two-fold to USD 1.1 billion (Rs 8,375 crore) in the three months ended March 2022 with the opening up of the economy after the third COVID wave, according to property consultant Colliers India. Institutional investments in real estate stood at USD 0.5 billion [...]
Steel ministry seeks duty-free import of ferronickel
Mumbai, Apr 12 (PTI) Union steel ministry has asked the finance ministry to remove the basic customs duty on ferronickel, a key raw material for stainless steel makers, a senior government official said on Tuesday. The move will help stainless steel makers to reduce their input cost. At present, a 2.5 per cent duty is [...]
Uniform trading hours may not be tenable for commodity derivative segments: CPAI
New Delhi, Apr 12 (PTI) Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment. The remarks come in the wake of media reports suggesting that the Reserve Bank of India (RBI) [...]
Trai recommendations on cut in spectrum prices lower than industry’s demand: Analysts
New Delhi, Apr 12 (PTI) Trai recommendations on cut in 5G spectrum base price are incrementally positive, not transformational, some sector analysts said, while others felt that bidding intensity could be moderate or muted in the upcoming auction.The reduction proposed in pricing, though largely on expected lines, is not in sync with the 90 per [...]
Pinbox gets seed capital from ADB Ventures to expand micro pension coverage in India
New Delhi, Apr 12 (PTI) ADB Ventures, a platform of Asian Development Bank, has provided seed funding to Pinbox for expanding micro pension coverage in India. Pinbox works to address friction and accessibility challenges in delivering micro pension and insurance solutions to underserved informal sector workers, ADB Ventures said in a statement. It provides a [...]
Global cartels in containers, chemicals, key raw materials forcing customers to pay higher prices: CavinKare CMD
New Delhi, Apr 12 (PTI) Cartelisation across borders in containers, chemicals and key raw materials are making things uncertain and forcing customers to pay higher prices, CavinKare Chairman & Managing Director C K Ranganathan said on Tuesday. Ranganathan, who is also the President of All India Management Association (AIMA), pointed out that earlier cartelisation used [...]
M&M partners with CSC Grameen eStore
Mumbai, Apr 12 (PTI) Mahindra & Mahindra on Tuesday said it has partnered with CSC Grameen eStore, a government initiative, for its Small Commercial Vehicle (SCV) range of products. The partnership will harness CSC Grameen's digital platform to facilitate Mahindra vehicle enquiries and real time online lead transfer to M&M from deep rural pockets, the company [...]
Need to improve cotton production; go for speciality variety: V-P Naidu
New Delhi, Apr 12 (PTI) Vice President M Venkaiah Naidu on Tuesday pitched for increasing cotton production and said India will benefit giving more thrust to specialty cotton such as organic cotton and sustainable cotton. Asserting that India must also improve its planting density which is only at 5000-7000 plants per acre compared to China [...]
PNB, IDBI Bank get govt nominee directors on their boards
New Delhi, Apr 12 (PTI) The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors. Pankaj Sharma has been nominated as a director of the bank through a notification dated April 11, 2022 with immediate effect and until further [...]
10 Stocks to Buy Now for Short Term Gains – Axis Securities
The 30-share index and the 50-share index extended losses after a gap-down start on Tuesday’s trading session tracking weakness across global markets. Losses were witnessed across sectors like financial, oil & gas and metals. News around the Russia-Ukraine war, a rise in bond yields and increasing Covid infections affected investor sentiments. Brokerage firm Axis Direct [...]
Made-in-India Dornier plane takes off for first commercial flight
Dibrugarh, Apr 12 (PTI) Alliance Air's made-in-India Dornier 228 aircraft was deployed for its first commercial flight on the Dibrugarh-Pasighat route on Tuesday with Union ministers Jyotiraditya Scindia and Kiren Rijiju on board.Accompanied by senior government officers, Scindia and Rijiju boarded the flight at the Mohanbari airport in Asssam's Dibrugarh for Pasighat in neighbouring Arunachal [...]
Guar gum futures gain on spot demand
New Delhi, Apr 12 (PTI) Guar gum prices on Tuesday gained Rs 124 to Rs 12,179 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 124 or 1.02 per cent to Rs 12,179 [...]
Guar seed futures rise on spot demand
New Delhi, Apr 12 (PTI) Guar seed prices on Tuesday rose by Rs 73 to Rs 6,287 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 73 or 1.16 per [...]
Pravin Dalal School of Entrepreneurship & Family Business Management announces admission for all the programs
MUMBAI, India, April 12, 2022 /PRNewswire/ -- SVKM's Narsee Monjee Institute of Management Studies (NMIMS), a Deemed-to-be University commences admissions for Pravin Dalal School of Entrepreneurship & Family Business (PDSE&FB) for its specially curated programs varying from a 2-year course in MBA (Entrepreneurship & family business management) and MBA (Entrepreneurship), 1-year program in weekend family [...]
India to Host National Delphic Games for Arts and Cultures in 2023
New Delhi, Delhi, India (NewsVoir) • Indian Delphic Council is in 25 states and growing as a part of a 65 country network • Members comprise of Professional Artists, Eminent Personalities across Art forms, Senior IAS, IPS officers, Academicians, Culture practitioners and Art Lovers • Hema Malini, Paresh Rawal, Suniel Shetty are Delphic Ambassadors, eminent [...]
Coal India’s capital expenditure grows 12% to Rs 14,834 cr in FY’22
New Delhi, Apr 12 (PTI) State-owned CIL on Tuesday said its capital expenditure registered a growth of 12 per cent to Rs 14,834 crore in FY'22. Coal India's capital expenditure was at Rs 13,284 crore in FY'21. Stating that the capex growth in FY'22 came on the back of a strong base, Coal India (CIL) [...]
La Tim Metal & Industries announces a Stock Split
MUMBAI, India, April 12, 2022 /PRNewswire/ -- La Tim Metal & Industries (BSE: LATIMMETAL) (Script Code # 505693), a listed company in the steel trade since 1987, dealing with Colour Coated Steel Sheets, announced that subsequent to their Board of Directors meeting held on 8th April 2022, they have considered and approved a stock split. [...]
11,000 MT of rice from India reaches Lanka ahead of new year
Colombo, Apr 12 (PTI) A shipment of 11,000 MT of rice from India arrived here on Tuesday to help the economic crisis hit Sri Lankans celebrate the traditional national new year.Sri Lankans will celebrate Sinhala and Tamil New Year on April 13 and 14. This is one of the biggest festivals in Sri Lanka.The shipment [...]
Alembic Pharma arm gets final USFDA nod for generic version of Lidocaine and Prilocaine cream
New Delhi, Apr 12 (PTI) Alembic Pharmaceuticals Ltd on Tuesday said its wholly-owned arm, Aleor Dermaceuticals Ltd, has received final approval from the US health regulator for its generic version of Lidocaine and Prilocaine cream, indicated as a topical anesthetic. The final approval granted by the US Food & Drug Administration (USFDA) is for its [...]
Crude oil futures gain on spot demand
New Delhi, Apr 12 (PTI) Crude oil prices on Tuesday rose by Rs 191 to Rs 7,367 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 191 or 2.66 per cent to Rs 7,367 per barrel in 3,609 [...]
Number of patent filings rises to 66,440 in FY22
New Delhi, Apr 12 (PTI) The number of patent filings increased from 42,763 in 2014-15 to 66,440 in 2021-22 due to steps taken by the government to strengthen intellectual property rights (IPR) regime of the country, the commerce and industry ministry said on Tuesday. It also said India granted 30,074 patents in 2021-22 as compared [...]
EVs offer Rs 3 lakh cr biz opportunities by FY26 :CRISIL
Mumbai, Apr 12 (PTI) Electric vehicles (EVs) offer an almost Rs 3-lakh crore business for various stakeholders in India in the five years through fiscal 2026, a CRISIL analysis indicated on Tuesday. The segment is expected to be driven by shared mobility, battery swapping and shift from ICE vehicles besides government support, it said. The [...]
Tata Motors Group global wholesales at 3,34,884 units in Mar qtr of FY22
Mumbai, Apr 12 (PTI) The Tata Motors Group on Tuesday reported a 2 per cent year-on-year growth in global wholesales, including Jaguar land Rover (JLR), at 3,34,884 units in the March quarter of FY22. Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q4 FY22 were at 1,22,147 units, higher by [...]
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