#TradeBrainsNews
Trade Brains News - Find Trending Stock Market News
Stay updated with what’s happening in Stock Market and stay ahead of the crowd with Trade Brains News. Download our app to read Top Stock Market News!
News Alert
Corporate Actions
Company Results
IPO News
Commodity Market
Economy
Trending News
Smart meter stocks with high piotroski score of up to 9 to add to your watchlist
The smart meter market is expected to grow from $219.7 million in 2023 to $3,179.5 million by 2032, reflecting a CAGR of 34.57 percent from 2024 to 2032. As of January 2024, around 8.6 million smart consumer meters have been installed, with 3.02 million added in FY24 alone. As part of government initiatives, the Smart [...]
Infra stock jumps 8% after company’s management expects 15% revenue growth in FY25
Shares of one of India's fastest-growing infrastructure development companies surged nearly 3.1 percent on BSE to Rs. 296.55 in the trading session of Tuesday. With a market cap of Rs. 3,627.2 crores, at 10:17 a.m., the shares of Vishnu Prakash R Punglia Limited were trading in the green at Rs. 291, up by nearly 1.2 [...]
Solar pump stock in focus after company’s board sets record date for 5:1 bonus issue
Solar Pump stock engaged in the manufacturing and selling of a wide range of pumps, motors, spare parts, and EV components, in focus upon declaring record date for the bonus issue of equity shares in the ratio of 5:1. Price Action With a market capitalization of Rs. 9,360 Crores, the shares of Shakti Pumps (India) [...]
2 Stocks jump 4% after reporting up to 366% QoQ increase in net profits
Shares of these micro-cap companies engaged in the business of financial services and furniture export business surged on Monday morning after reporting robust quarterly results. Apollo Finvest (India) Ltd With a market capitalization of Rs.308 crores, the shares of Apollo Finvest (India) Ltd are trading at Rs.825.00 per share, gaining nearly 4 percent from its [...]
Infra stock hits upper circuit after receiving order worth ₹16 Cr from DRDA for steel rods
Infra stock engaged in providing construction and development services on EPC and other basis hit a 2 percent upper circuit in the day’s trade upon receiving a work order worth ~Rs. 17 Crores for supply of 2,371MT of steel rods. Price Action With a market capitalization of Rs. 435 Crores, the shares of AVP Infracon [...]
Cement stock falls 11% after reporting 83% QoQ decrease in net profits
The shares of the roofing solution provider fell up to 11 percent after the company’s net profit and revenue dropped by 83 percent and 51 percent QoQ, respectively in Q2FY25. With a market capitalization of Rs 343.99 crore, the shares of Sahyadri Industries Limited were trading at Rs 314.25 per share, decreasing around 8 percent [...]
Defence stock hits 5% upper circuit after receiving work order from Hindustan Aeronautics
Defence stock engaged in designing, manufacturing, and supplying precise tooling, components, and automation solutions for the aerospace and defence industries hit a 5 percent upper circuit in the day’s trade upon receiving a work order worth Rs. 2.46 Crores from Hindustan Aeronautics Limited Price Action With a market capitalization of Rs. 372 Crores, the shares [...]
Midcap stock hits 5% upper circuit after reporting 291% YoY increase in net profits
The shares of the leading player in power transmission company hit 5 percent upper circuit after the company’s net profit and revenue zoomed by 291 percent and 59 percent YoY, respectively in Q2FY25. With a market capitalization of Rs 45,443.14 crore, the shares of GE Vernova T&D India Ltd were trading at Rs 1,774.80 per [...]
IT stock hits 5% upper circuit after company’s net profit increases by 1,952% in H1FY25
The share price of this company engaged in offering a wide array of technology services, hit a 5 percent upper price band after reporting a remarkable 1,952 percent increase in net profits half yearly and strong revenue growth in its recent quarterly results. Share Price Movement The share price of S A Tech Software India [...]
Power stock hits 5% upper circuit after reporting 123% YoY increase in net profits
During Monday’s trading session, the shares of a company engaged in the generation and sale of power hit a 5 percent upper circuit at Rs. 25.24 on BSE, after the company reported Q2 FY25 results with a rise in net profit by 123 percent YoY. With a market cap of Rs. 120 crores, the shares [...]
News Alert
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
IPO Alert
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
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
Nepal’s economic performance positive, not to worry: Finance Minister
Kathmandu, Apr 12 (PTI) Nepal's Finance minister on Monday dismissed claims by opposition parties that the country’s economy will deteriorate further in the coming days, saying that the Himalayan Nation's economic performance is positive.On Monday, three former finance ministers of Nepal-- Bishnu Paudel, Surendra Pandey and Dr Yubaraj Khatiwada-- belonging to party Communist Party of [...]
Crisis-hit Sri Lanka announces debt default
Colombo, Apr 12 (PTI) Faced with critically low forex reserves, Sri Lanka on Tuesday announced that the crisis-stricken country will default on its external debt pending a bailout package from the International Monetary Fund. A statement from the finance ministry said, “it shall be the policy of the Sri Lankan government to suspend normal debt [...]
Log9 Materials to provide fast-charging battery solution to electric commercial vehicle maker EKA
Mumbai, Apr 12 (PTI) Bengaluru-based startup Log9 Materials will provide its advanced fast-charging battery solution to electric commercial vehicle maker EKA, which unveiled its maiden e-bus E9 early this month. The two entities have signed a Memorandum of Understanding (MoU) to this effect, Log 9 said in a release on Tuesday. The Bengaluru-based company offers [...]
Biba Fashion files IPO papers with Sebi; Warburg Pincus, Faering Capital to divest stakes
New Delhi, Apr 12 (PTI) Ethnic wear fashion label Biba Fashion, which is backed by Warburg Pincus and Faering Capital, has filed preliminary papers with Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 90 crore and an offer for sale (OFS) of 2.77 [...]
Mahindra Lifespace to build India’s first net-zero housing project in Bengaluru at Rs 500cr cost
New Delhi, Apr 12 (PTI) Mahindra Lifespace Developers Ltd, the realty arm of Mahindra Group, on Tuesday announced an investment of Rs 500 crore to develop India's first net-zero energy housing project, comprising around 550 units, in Bengaluru. The company also announced that it will develop only net-zero housing projects from 2030 onwards, and the [...]
BPCL to explore green energy possibilities in Odisha
The Odisha government signed an agreement with Bharat Petroleum Corporation Ltd (BPCL) for exploring green energy possibilities in the state. The Memorandum of Understanding (MoU) was signed between Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) Managing Director Bhupendra Singh Poonia and BPCL's Executive Director Renewable Energy Amit Garg on Monday. "Odisha has a [...]
Multibagger Stock: Adani Transmission shares reach fresh 52-week high
There was a spike in the share prices of Adani Transmission Limited and the shares reached a 52-week high of ₹3,000 apiece today, even as benchmark indices extended losses after a gap-down start on Tuesday’s early trades. There was weakness across global markets as investors started the holiday-shortened week in a risk-off mood. The stock [...]
Welspun Logistics Parks hands over 3.7-lakh sq ft warehousing facility at Bhiwandi to FM Logistic
Mumbai, Apr 12 (PTI) Welspun Logistics Parks (WOLP) on Tuesday said it has handed over a 3.7-lakh sq ft warehousing facility in Bhiwandi to third-party logistics company FM Logistic for operations. The facility, developed by WOLP, was delivered as per agreed timelines, despite pandemic-related disruptions, it said in a release. The Bhiwandi Warehousing unit that [...]
MUM BULLION OPENING RATES
MUMBAI, APR 12 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 68150.00 STANDARD GOLD (99.5) : 52434.00 PURE GOLD (99.9) : 52645.00 ------------ PTI MUM SVC SVC
‘India on brink of ‘flexidus’; many women quitting jobs due to lack of flexibility’
New Delhi, Apr 12 (PTI) A significant percentage of women in India are quitting or considering quitting their jobs this year as pay cuts, bias, and exclusion have become their penalties for working flexibly, says a LinkedIn report. Leading online professional network LinkedIn, on Tuesday, launched its latest consumer research based on 2,266 respondents in [...]
After Success in Local Markets, Cropino Eyes Foreign Destinations
JAMNAGAR, India, April 12, 2022 /PRNewswire/ -- Due to the change in buying preferences and behaviour of Indians, their dietary habits are also changing. Food blogging and the internet, coupled with the health consciousness of the youth have let new foods find place on supermarket shelves. One such brand that has taken the market by [...]
Purple Quarter Continues to be the Trusted Search Partner for Pratilipi with the Appointment of Chief Architect and Principal Architect
BANGALORE, India, April 12, 2022 /PRNewswire/ -- Online storytelling platform, Pratilipi continued its tech-head search partnership with Purple Quarter onboarding Prashanth K N and Sahil Sharma as Chief Architect and Principal of Architect, respectively. The Bespoke CTO Search firm had previously facilitated the appointment of Pratilipi's Chief Technology Officer, Anshul Deep Saxena in 2021. Founded [...]
Literary minds come together at Shoolini Litfest
SOLAN, India, April 11, 2022 /PRNewswire/ -- The Shoolini campus in Solan came alive with colours and fragrances, reverberating with ideas as renowned literary minds came together at the much-awaited second Shoolini Literature Festival and the flower fest. The three-day festival began on April 8 with a galaxy of authors and an impressive line-up of [...]
Mirae Asset Foundation announces Scholarships for MBA students of NMIMS
MUMBAI, India, April 12, 2022 /PRNewswire/ -- Mirae Asset Foundation (MAF), an institution that works across several areas of educational development in India, announced scholarships for meritorious and needy students at India's leading University – SVKM's Narsee Monjee Institute of Management Studies (NMIMS). To this effect, SVKM's NMIMS, School of Business Management has signed a [...]
PhableCare Raises INR 187 Cr (USD 25 M) in Series B Funding
Bangalore, Karnataka, India – Business Wire India • Funding round is led by Kalaari Capital. Aflac Ventures, Digital Horizon, Stride Ventures, and existing investors also participated in the round • Funds will be used to strengthen full-stack and value-driven chronic care ecosystem, accelerate market expansion, customer acquisition, building new revenue streams • Increases PhableCare’s valuation [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, APR 12 (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 75.30 76.80 75.24 76.96 EUR/INR 81.32 84.15 81.26 84.31 GBP/INR 97.51 100.66 97.44 100.86 JPY/INR 59.73 61.67 59.68 61.79 [...]
MUM PEPPER COPRA OPENING RATES
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 SVC SVC
US has not yet made determination on potential sanctions or waivers to India under CATSAA law: Blinken
Washington, Apr 12 (PTI) The US has not yet made any decision on potential sanctions or waivers to India under CATSAA law for its purchase of the S-400 missile defence system from Russia, Secretary of State Antony Blinken has said.The US administration is required under its domestic law, Countering America's Adversaries through Sanctions Act (CAATSA) [...]
UK’s Winvesta offers Indian exporters alternative payment gateway
London, Apr 12 (PTI) UK-headquartered Winvesta, a neobank building cross-border banking and wealth management solutions, has launched a foreign payment collections system for Indian exporters.The company said that the service announced last week comes as an extension of the existing multi-currency banking facility and will help reduce export costs by up to 8 per cent. [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, April 12 (PTI) Money Market Operations as on April 11, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 515,416.51 3.47 0.01-5.55 I. Call Money 8,492.87 3.43 2.20-3.80 II. Triparty Repo 393,625.80 3.54 3.36-3.64 III. Market Repo 113,277.84 3.21 0.01-3.75 IV. Repo [...]
India, US to hold dialogue on artificial intelligence
Washington, Apr 12 (PTI) India and the US have agreed to hold a dialogue on artificial intelligence to harness opportunities for joint innovation and cooperation in new domains, the two countries announced after the 2+2 ministerial.Secretary of State Tony Blinken and Defence Secretary Lloyd Austin hosted the fourth 2+2 ministerial dialogue with Defence Minister Rajnath [...]
CPPIB to invest Rs 2,600 cr for 49% stake in TATA Realty’s 2 office parks
Canada Pension Plan Investment Board (CPPIB) will invest Rs 2,600 crore to acquire 49 per cent stake in TATA Realty and Infrastructure's two premium commercial office projects at Chennai and Gurugram, and their joint venture plans to further invest Rs 2,000 crore to buy land and completed assets for future growth. In an interview with [...]
growx Ventures Management Pvt Ltd appoints Srishti Dhir as Chief Finance Officer
• Srishti Dhir comes with a rich, deep experience from the finance industry, entrepreneurship and business execution • One of the key focus areas for Srishti at growx ventures will be to drive deeper founder and LP engagement MUMBAI, India, April 12, 2022 /PRNewswire/ -- growx, one of India's oldest early-stage investors in the B2B [...]
3 Day Global Impact Summit 2022 kicked off at Woxsen University
Many Years since the formation of the State of Telangana, we have such a Summit which has attracted many global leaders in the higher education space and we are privileged to hear them speak and benefit from their suggestions: Jayesh Ranjan, Principal Secretary I&C & IT, Gov. of Telangana We appreciate the efforts of Woxsen [...]
Merck Foundation and Africa Reproductive Care Society Announced Free Annual Membership for Merck Foundation Alumni During Their First Annual Joint Summit
Merck Foundation and Africa Reproductive Care Society (ARCS) announce their partnership during their First Joint Annual 2022 Summit Mumbai, Maharashtra, India & Lagos, Nigeria– Business Wire India Merck Foundation, the philanthropic arm of Merck KgaA Germany, in partnership with Africa Reproductive Care society (ARCS) conducted their first Joint Annual Summit 2022. The Summit was co-chaired [...]
Telangana signs pact with Thailand for trade, investment promotion
Hyderabad, Apr 12 (PTI): The Telangana government and Ministry of Commerce, Thailand entered into a Memorandum of Understanding aiming to promote trade and investments between both, an official release said on Tuesday. Telangana State Industries Minister KT Rama Rao and Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit were virtually present during [...]
India probably buys less oil from Russia in a month that what Europe does in an afternoon: Jaishankar
Washington, Apr 12 (PTI) India's total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar has said."I noticed you refer to oil purchases. If you are looking at energy purchases from Russia, I would suggest that your attention should be focused [...]
Key official of diamantaire Nirav Modi’s firm deported from Egypt: Officials
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 here. A CBI team had gone to Egypt’s capital to bring back 50-year-old Parab, who was allegedly kept in illegal confinement in a [...]
MPL onboards world’s first anti-trafficking game, MISSING For a Cause developed by Missing Link Trust
Mobile Premier League is the first-ever gaming platform to introduce a multi-lingual adventure game that spreads awareness on the issue of trafficking developed by Missing Link Trust BENGALURU, India, April 11, 2022 /PRNewswire/ -- Mobile Premier League (MPL), one of the world's largest mobile eSports and skill gaming platforms, has onboarded the world's first anti-trafficking [...]
West Bengal accounts for 10.4 per cent MFI loan portfolio, second in India: Report
Kolkata, Apr 11 (PTI) West Bengal accounts for 10.4 per cent of the total MFI loan portfolio in the country after Tamil Nadu at 12.4 per cent, as per a new report.It said the MFI segment created huge small entrepreneurship in the state, covering eight million women, mostly from the underprivileged segment of the society.The [...]
Condemn policy of isolating industrialists in India: Mamata
Kolkata, Apr 11 (PTI) West Bengal Chief Minister Mamata Banerjee on Monday said the unprecedented economic crisis in Sri Lanka will impact India, where businessmen and industrialists are “isolated” and “disturbed”.She said corporates should be allowed to invest in the country for its sound economic health."Do you there will be no effect of the situation [...]
Trai recommends over Rs 7.5 lakh cr spectrum auction plan, 35% cut in prime 5G band price
New Delhi, Apr 11 (PTI) Setting the stage for the rollout of 5G services, telecom regulator Trai on Monday mooted a mega auction plan valued at over Rs 7.5 lakh crore at the base price across multiple bands for radiowaves allocated over 30 years. Overall, the Telecom Regulatory Authority of India (TRAI) recommended about a [...]
Alternatives to plastic straw 3-4 times costlier, not effective: Amul
New Delhi, Apr 11 (PTI) Dairy cooperative GCMMF, which markets products under the Amul brand, on Monday said alternatives to plastic straws are 3-4 times costlier and not effective, adding that such straws do not even account for 0.1 per cent of total plastic consumption. The government has decided to ban plastic straws that are [...]
New portal to connect youth of J&K with industry
Jammu, Apr 11 (PTI) Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday launched a portal aimed at providing real-time information about job opportunities available for the youth in the region. The portal -- AVSAR -- under 'Connect to Opportunities Initiative' by Mission Youth aims at providing more than 10,000 jobs in 2022. As part [...]
Nepal economy heading towards grave crisis, warn three ex-Finance Ministers
Kathmandu, Apr 11 (PTI) Nepal’s main opposition party CPN-UML has claimed that the country’s economy will deteriorate further in the coming days if effective measures are not taken immediately by the government.The claim was made by three former finance ministers of Nepal-- Bishnu Paudel, Surendra Pandey and Dr Yubaraj Khatiwada-- belonging to party Communist Party [...]
Narrowing margin limits TCS net profit growth to 7.4% in Q4; bullish on FY23
Mumbai, Apr 11 (PTI) Tata Consultancy Services (TCS) on Monday reported a 7.4 per cent increase in its March quarter net profit to Rs 9,926 crore as profit margins narrowed, but the country's largest software exporter sounded confident about the new fiscal on positive business momentum.For FY22, the net profit jumped 14.8 per cent to [...]
Middle income group purchases more gold in India: Report
Mumbai, Apr 11 (PTI) People from middle income group purchase more gold and prefer to have the yellow metal in the physical form, a report said on Monday. The Gold and Gold Markets 2022 report by India Gold Policy Centre (IGPC) also said that people in the higher income group are interested in having the [...]
Narrowing margin limits TCS net profit growth to 7.4% in Q4; bullish on FY23
Mumbai, Apr 11 (PTI) Tata Consultancy Services (TCS) on Monday reported a 7.4 per cent increase in its March quarter net profit to Rs 9,926 crore as profit margins narrowed, but the country's largest software exporter sounded confident about the new fiscal on positive business momentum.For FY22, the net profit jumped 14.8 per cent to [...]
Middle income group purchases more gold in India: Report
Mumbai, Apr 11 (PTI) People from middle income group purchase more gold and prefer to have the yellow metal in the physical form, a report said on Monday. The Gold and Gold Markets 2022 report by India Gold Policy Centre (IGPC) also said that people in the higher income group are interested in having the [...]
Narrowing margin limits TCS net profit growth to 7.4% in Q4; bullish on FY23
Mumbai, Apr 11 (PTI) Tata Consultancy Services (TCS) on Monday reported a 7.4 per cent increase in its March quarter net profit to Rs 9,926 crore as profit margins narrowed, but the country's largest software exporter sounded confident about the new fiscal on positive business momentum.For FY22, the net profit jumped 14.8 per cent to [...]
Narrowing margin limits TCS net profit growth to 7.4% in Q4; bullish on FY23
Mumbai, Apr 11 (PTI) Tata Consultancy Services (TCS) on Monday reported a 7.4 per cent increase in its March quarter net profit to Rs 9,926 crore as profit margins narrowed, but the country's largest software exporter sounded confident about the new fiscal on positive business momentum.For FY22, the net profit jumped 14.8 per cent to [...]
Middle income group purchases more gold in India: Report
Mumbai, Apr 11 (PTI) People from middle income group purchase more gold and prefer to have the yellow metal in the physical form, a report said on Monday. The Gold and Gold Markets 2022 report by India Gold Policy Centre (IGPC) also said that people in the higher income group are interested in having the [...]
Trai suggests 39% cut in base price across spectrum bands; prime 5G band price down by 35%
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended about 39 per cent reduction in the reserve or floor price for the sale of spectrum for mobile services, including the latest 5G offering, as it looked to match revenue expectations with the industry's paying capacity. With large swathes of spectrum remaining unsold in [...]
Trai suggests 39% cut in base price across spectrum bands; prime 5G band price down by 35%
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended about 39 per cent reduction in the reserve or floor price for the sale of spectrum for mobile services, including the latest 5G offering, as it looked to match revenue expectations with the industry's paying capacity. With large swathes of spectrum remaining unsold in [...]
India on its way to becoming global energy superpower, says Union minister Puri
Gandhinagar, Apr 11 (PTI) India is on its way to become a global energy superpower in terms of consumption and production, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said here on Monday. Addressing the passing-out students of Pandit Deendayal Energy University virtually, Puri said though India had the resources, exploration and production [...]
Average time taken for customs clearance of imports comes down: CBIC
New Delhi, Apr 11 (PTI) The average time taken for customs clearance of imports has come down by 16 per cent at air cargo complexes and by 12 per cent across seaports, a CBIC study showed on Monday. The National Time Release Study 2022 presents the annual report of cargo clearance process through four categories [...]
Govt nominates Hardik Mukesh Sheth as director to Central Bank of India’s board
New Delhi, Apr 11 (PTI) State-owned Central Bank of India on Monday said the government has nominated Hardik Mukesh Sheth to its board with immediate effect. Sheth, a director at the Department of Financial Services, has been appointed as the government nominee in place of Bhushan Kumar Sinha with immediate effect and until further orders, [...]
Lankan PM Rajapaksa says will end economic crisis like we ended LTTE
Colombo, Apr 11 (PTI) Sri Lanka’s embattled Prime Minister Mahinda Rajapaksa on Monday said that his government was confident of overcoming the unprecedented economic crisis in the same way it crushed the LTTE over a decade ago. In a televised address to the nation, Mahinda, who is under growing pressure to quit due to the [...]
Coal minister Pralhad Joshi to chair NMET governing body meet on Wed
New Delhi, Apr 11 (PTI) Coal and Mines minister Pralhad Joshi will chair a meeting of the governing body of the National Mineral Exploration Trust (NMET) on Wednesday. The fourth governing body meeting of the trust will examine and finalise crucial policy decisions regarding financial incentives to the state governments to carry out mineral exploration [...]
Centre follows uniform procurement policy; cannot take surplus parboiled rice: Food Secy
New Delhi, Apr 11 (PTI) Asserting that it follows a uniform and non-discriminatory procurement policy, the Centre on Monday said the Telangana government was told much in advance that the Food Corporation of India cannot procure surplus parboiled rice due to sufficient stocks coupled with limited PDS demand for the grain. Union Food Secretary Sudhanshu [...]
BSE’s StAR MF platform sees record single-day transactions at 29.9 lakh on Monday
New Delhi, Apr 11 (PTI) BSE's mutual fund distribution platform StAR MF processed a record 29.9 lakh transactions in a single day on Monday. The platform has surpassed its previous best single-day record of 26.65 lakh transactions registered on January 10, the exchange said in a statement. Snehal Dixit, Business Head-Mutual Funds BSE StAR MF, [...]
BSE’s StAR MF platform sees record single-day transactions at 29.9 lakh on Monday
New Delhi, Apr 11 (PTI) BSE's mutual fund distribution platform StAR MF processed a record 29.9 lakh transactions in a single day on Monday. The platform has surpassed its previous best single-day record of 26.65 lakh transactions registered on January 10, the exchange said in a statement. Snehal Dixit, Business Head-Mutual Funds BSE StAR MF, [...]
India Inc’s overseas direct investment rises 8.5 pc to USD 3.34 bn in Mar
Mumbai, Apr 11 (PTI) India Inc's direct overseas investment increased 8.5 per cent year-on-year to USD 3.34 billion in March 2022, data from the Reserve Bank of India (RBI) showed on Monday.The Indian companies had invested USD 3.1 billion in their overseas fully-owned subsidiaries (WOSs) and joint-ventures (JVs) in the same month a year ago.In [...]
Lankan PM Rajapaksa says govt working round-the-clock to overcome economic crisis, calls for patience
Colombo, Apr 11 (PTI) Sri Lankan Prime Minister Mahinda Rajapaksa on Monday assured the people suffering from the unprecedented economic difficulties that his government is working round-the-clock to address their woes and appealed to protesters to end their agitation and have patience, saying every minute spent on streets deprives the cash-strapped country of precious dollars. [...]
JSW Utkal Steel receives environmental clearance for Rs 65,000 crore steel plant in Odisha
New Delhi, April 11 (PTI) JSW Steel on Monday said its subsidiary has received the environmental clearance to set up a Rs 65,000-crore steel plant in Odisha. The company will set up the plant at Paradip in Odisha, where the South Korean steel giant Posco was keen to set up a Rs 52,000-crore steel plant. [...]
HDFC Ltd Chairman Deepak Parekh calls on FM
New Delhi, Apr 11 (PTI) HDFC Ltd chairman Deepak Parekh on Monday called on Finance Minister Nirmala Sitharaman amid the proposal of a merger of the mortgage firm with its banking subsidiary HDFC Bank."Shri Deepak S Parekh, Non-executive Chairman -@HomeLoansByHDFC, along with Shri Atanu Chakraborty - Chairman @HDFC_Bank, call on Smt @nsitharaman," the office of [...]
Sebi levies Rs 40 lakh on 13 entities in fraudulent trading case
New Delhi, Apr 11 (PTI) Capital markets regulator Sebi on Monday imposed a penalty totalling Rs 40 lakh on 13 entities for indulging in fraudulent trading in the shares of Rajlaxmi Industries Ltd.The order comes after Sebi conducted a probe in the matter from January 2013 to September 2014 to ascertain the irregularities in the [...]
MyShubhLife raises Rs 100 cr from Tokyo-based Gojo
New Delhi, Apr 11 (PTI) MyShubhLife, a full stack financial services platform, on Monday said it has secured a Rs 100 crore funding from Tokyo-based Gojo & Company, which will help the company grow its lending business. MyShubhLife has closed a funding of Rs 100 crore from Gojo & Company, Inc. (Gojo), a global investment [...]
SJVN signs pact with BHEL, REMC to develop renewable projects for Indian Railways
New Delhi, Apr 11 (PTI) State-owned SJVN has inked a memorandum of understanding with engineering firm BHEL and REMC Limited to develop renewable energy projects. SJVN CMD Nand Lal Sharma in a statement on Monday said that the company has entered into a landmark agreement with REMC Limited and BHEL for the development of renewable [...]
Lankan PM Mahinda Rajapaksa says govt working round-the-clock to overcome economic crisis
Colombo, Apr 11 (PTI) Sri Lankan Prime Minister Mahinda Rajapaksa on Monday assured the people suffering from the unprecedented economic difficulties that his government is working round-the-clock to address their woes and appealed to protesters to end their agitation, saying every minute spent on streets deprives the cash-strapped country of precious dollars. Amidst a growing [...]
Non-life insurers post 11 pc rise in gross direct premium to Rs 2.21 lakh crore in FY22
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
TRAI recommends over 35% cut in prime 5G spectrum base price
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
Decline in bad loans to improve profitability of banks: Report
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
Non-life insurers post 11 pc rise in gross direct premium to Rs 2.21 lakh crore in FY22
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
TRAI recommends over 35% cut in prime 5G spectrum base price
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
Decline in bad loans to improve profitability of banks: Report
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
Non-life insurers post 11 pc rise in gross direct premium to Rs 2.21 lakh crore in FY22
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
TRAI recommends over 35% cut in prime 5G spectrum base price
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
Decline in bad loans to improve profitability of banks: Report
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
Non-life insurers post 11 pc rise in gross direct premium to Rs 2.21 lakh crore in FY22
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
TRAI recommends over 35% cut in prime 5G spectrum base price
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
Decline in bad loans to improve profitability of banks: Report
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
Non-life insurers post 11 pc rise in gross direct premium to Rs 2.21 lakh crore in FY22
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
TRAI recommends over 35% cut in prime 5G spectrum base price
New Delhi, Apr 11 (PTI) Telecom regulator Trai on Monday recommended a 35 per cent cut in the reserve price for prime 5G spectrum frequencies in 3300-3670 MHz band, at Rs 317 crore per MHz. Releasing its much-awaited recommendations, Trai said that all available spectrum in the existing bands of 700 MHz, 800 MHz, 900 [...]
Decline in bad loans to improve profitability of banks: Report
New Delhi, Apr 11 (PTI) Growth in pre-provision earnings and decline in bad loans will improve profitability of banks in the current fiscal, a report said on Monday. Better profitability will offset increases in capital consumption due to an acceleration in loan growth, helping banks across the system maintain capital at current levels, Moody's Investors [...]
Non-life insurers post 11 pc rise in gross direct premium to Rs 2.21 lakh crore in FY22
New Delhi, Apr 11 (PTI) Non-life insurance companies posted an 11 per cent rise in gross direct premium on a collective basis to Rs 2,20,634.73 crore in FY22, Irdai data showed on Monday.All the 31 non-life insurance players had underwritten a gross direct premium of Rs 1,98,714.72 crore in 2020-21.In a break-up of data by [...]
SC stays NCLAT order sending Piramal’s winning bid for DHFL to lenders for reconsidering valuation
New Delhi, Apr 11 (PTI) The Supreme Court on Monday stayed the insolvency appellate tribunal NCLAT order in which it had sent back the Piramal Group’s winning bid for DHFL to the debt-laden finance company's lenders for reconsidering the valuation. The National Company Law Appellate Tribunal (NCLAT), in January this year, while delivering a judgement [...]
Epygen Biotech gets funding from govt for new affordable COVID vaccine
New Delhi, Apr 11 (PTI) Epygen Biotech on Monday said it has received a funding of Rs 24 crore from the Department of Biotechnology to initiate trials for a new COVID vaccine. With an anticipated price point of less than Rs 150 per dose, this will be the first time an Indian company will be [...]
NEWSALERT
Lankan PM Mahinda Rajapaksa appeals to end anti-government protests, says every minute spent on streets deprives the country of dollar inflow. PTI CORR CPS AKJ CPS
Sebi comes out with comprehensive risk management framework for electronic gold receipts
New Delhi, Apr 11 (PTI) Capital markets regulator Sebi on Monday put in place an elaborate risk management framework for electronic gold receipts. The watchdog has issued a circular pertaining to Electronic Gold Receipts (EGRs) that covers various aspects, including margin collection, provision of early pay-in of funds for EGR, short-collection or non-collection of client [...]
NEWSALERT
Spectrum prices proposed across bands nearly 39% lower than that in previous recommendations: TRAI sources. PTI MBI MR MR
NEWSALERT
TRAI suggests 35% cut in reserve price for prime 5G spectrum frequency of 3300-3670 MHz band, at Rs 317 cr per MHz. PTI MBI MR
WTW buys balance 51% stake in WTW India
Mumbai, Apr 11 (PTI) Global advisory, broking and solutions company Willis Towers Watson (WTW) on Monday said it has acquired the remaining 51 per cent shares in Willis Towers Watson India Insurance Brokers Private Limited (WTW India) following the approval of insurance regulator IRDAI. WTW, which owned 49 per cent stake in WTW India, bought [...]
TCS Q4 Results: Net profit jumps 7.4% to Rs 9,926 cr & revenue crosses Rs 50,000-cr mark
The country’s largest software services firm Tata Consultancy Services on Monday opened the fourth-quarter earnings season with a stellar set of numbers, crossing the Rs 50,000-crore revenue mark for the first time and recording 7.4 per cent year-on-year growth in net profit to Rs 9,926 crore. This quarterly earning helped the city-based software major -- [...]
CBI questions Rana Kapoor in Rs 466 cr scam involving Avantha group promoter Gautam Thapar
New Delhi, Apr 11 (PTI) The CBI has questioned YES Bank founder and its former CEO and MD, Rana Kapoor in connection with alleged diversion of over Rs 466 crore in the bank during 2017-19 by Avantha group promoter Gautam Thapar, officials said.Although Kapoor is not named as an accused in the CBI FIR pertaining [...]
Mother Dairy to expand value-added segment in Bengal, eyes Rs 500cr turnover from east in 5 yrs
Kolkata, Apr 11 (PTI) Mother Dairy Fruit & Vegetable Pvt Ltd, a wholly owned subsidiary of the National Dairy Development Board (NDDB), on Monday said it is set to expand footprint in West Bengal over the next five years, augmenting manufacturing capacity of value-added dairy products and reaching out to more districts.The company’s value-added dairy [...]
SC notice to Centre seeking endorsement of the CNG buses
New Delhi, Apr 11 (PTI) The Supreme Court Monday sought a response from the Centre on a plea seeking the endorsement of 10 years old diesel buses, which have now been converted to CNG in Bulandshahr district of Uttar Pradesh.A bench of Justices L Nageswara Rao and B R Gavai issued notice to the Ministry of [...]
Chennai firm gifts cars to 100 employees for contribution towards company’s growth
Chennai, Apr 11 (PTI) A city-headquartered IT firm on Monday gifted 100 cars to as many of its employees in recognition of their constant support and 'unparalleled' contributions to the company's success and growth. Gayathri Vivekanandan, Chief Executive Officer, Ideas2IT, gifted Maruti Suzuki cars to 100 employees in the presence of Murali Vivekanandan, founder-chairman of [...]
Examine PIL against fit and proper status accorded to IndusInd Bank promoters: HC tells RBI
New Delhi, Apr 11 (PTI) The Delhi High Court on Monday asked the Reserve Bank of India (RBI) to look into public interest litigation against the “fit and proper” status accorded to the promoters of Hinduja Group's IndusInd Bank. A bench headed by Acting Chief Justice Vipin Sanghi directed the RBI to treat as representation [...]
Gujarat tops NITI’s State Energy and Climate Index-Round 1 among larger states
New Delhi, Apr 11 (PTI) Gujarat has topped Niti Aayog's State Energy and Climate Index-Round 1 (SECI) among larger states, which ranks states and Union territories (UTs) on six parameters, including discoms' performance, energy efficiency and environmental sustainability. Gujarat was followed by Kerala and Punjab, according to the government think tank's report. Chhattisgarh, Madhya Pradesh [...]
Godrej Industries launches Godrej Capital; commits investment of Rs 1,500 cr
Mumbai, Apr 11 (PTI) Godrej Industries Ltd (GIL) on Monday announced the launch of Godrej Capital (GCL), the financial services arm of the group. GCL is the holding entity for Godrej Housing Finance, a housing finance company and Godrej Finance Ltd, which is an NBFC (Non-Banking Financial Company). The Group plans to invest Rs 5,000 [...]
JSW Odisha project gets environmental clearance
Bhubaneswar, Apr 11 (PTI) JSW Utkal Steel Ltd (JUSL), a wholly-owned subsidiary of JSW Steel Ltd, has got the environmental clearance for setting up a 13.2 MTPA green-field integrated steel plant near Paradip from the union ministry of environment and forest and climate change, a senior official of the company said. The mega crude steel [...]
RBI regulated markets to start trading at 9 am from Apr 18
Mumbai, Apr 11 (PTI) Trading in markets regulated by the Reserve Bank of India (RBI) will start from 9 am onwards from April 18, with the restoration of pre-pandemic trading timings. Currently, the markets open at 10 am. The trading hours for various markets regulated by RBI were changed on April 7, 2020 in the [...]
Corporate profitability set to fall in Q4: Report
Mumbai, Apr 11 (PTI) Companies are not able to pass on the pressure from rising input costs to buyers, and this is likely to result in a compression in corporate profit margins for the March quarter, a report said on Monday. Operating profit margins for companies are set to fall by as much as 3 [...]
Lasa Supergenerics PAT at 12.35 Cr up by Robust 362 percent as Compared to Loss of 4.71 Cr in Q3FY22
Mumbai, Maharashtra, India (NewsVoir) Lasa Supergenerics Limited, a vertically integrated group spanning the entire animal and human healthcare value chain has announced its financial results for the fourth quarter and Financial Year ended March 31st, 2022. Q4FY22 performance overview compared with Q3FY22 • Revenues from operations stood at Rs. 51.21 crore as compared to 15.74 [...]
NBCC to construct boundary walls to protect defence lands
New Delhi, Apr 11 (PTI) State-owned NBCC (India) Ltd has received work orders to protect defence lands, mainly by constructing boundary walls. The work orders have been awarded to the company by the Directorate General Defence Estates (DGDE), according to a company statement on Monday. A Memorandum of Understanding (MoU) was signed between Satyam Mohan, [...]
CreditAccess Grameen disbursements up 25% to Rs 2,257 cr in March
New Delhi, Apr 11 (PTI) Microfinance lender CreditAccess Grameen on Monday said its total disbursements in March 2022 rose 25 per cent to Rs 2,257 crore.The company's disbursements were of Rs 1,806 crore in the year-ago same month. In February 2022, CA Grameen had disbursed Rs 1,746 crore worth loans.The gross loan portfolio grew 22.2 [...]
Mercedes-Benz extends after-sales programme to 11 cities
Mumbai, Apr 11 (PTI) German premium carmaker Mercedes-Benz has extended its service programme 'Premiere Express Prime' to a total of 11 cities and 25 franchise partner locations (FPLs) in the country, the company said on Monday. The company has also extended its 'Fast Lane Body and Paint Repairs' service programme to 22 FPLs. The 11 [...]
SBI Youth for India Fellowship Hosts The ‘YFI Conclave 2022’ in New Delhi
The YFI Conclave, an annual event by SBI Youth for India brings together various stakeholders of the SBI Youth for India fellowship to exchange ideas and collaborate toward the upliftment of rural communities New Delhi, Delhi, India (NewsVoir) SBI Youth for India fellowship is a 13-month rural development initiative by SBI Foundation that allows urban [...]
Defence Stocks on a Bull run; Brokerages revise targets for HAL & BEL
India has banned the import of certain defence equipment in order to boost local manufacturing. As a result, analysts expect that defence stocks like Hindustan Aeronautics Ltd., Bharat Electronics Ltd., Larsen & Toubro Ltd. and others will benefit. The Indian government released its "third positive indigenisation list" of 101 items on Thursday, which comprises highly [...]
Frequently Asked Questions
1. What is Trade Brains News?
Trade Brains News offers fast and reliable business news, equity news, and stock market news for the readers. Trade Brains News is a Free stock news publication and provides daily national, international, and business news, tracks market movements, and detailed coverage of significant business events.
2. What type of News do you get on Trade Brains News?
Trade Brains News offers a wide range of National and International business news and involves categories like Market Alerts, IPO News and Alerts, Stock & Share News, Corporate Announcements like Dividends News, Bonus Alerts etc, Indian corporate Quarterly & Annual result coverage, Commodity news, Economy news and more.
3. Why should you choose Trade Brains News?
Trade Brains News offers a one-stop solution for reading all the Indian Stock Market-related news. Whether it is daily Share Market movements, corporate announcements, New IPOs, or any other big stock market event, Trade Brains News has got all covered.
4. Where can you find Trade Brains News?
5. Is Trade Brains News reliable?
6. How is Trade Brains News different from others?
Trade Brains News is expressly focused on providing Stock Market and Business News and ignoring all the irrelevant ones. By following Trade Brains News, the readers will be able to follow the stock market closely without missing any major event and by quickly accessing all the top news of the day.
