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Vijay Kedia stock falls 15% after their losses widens in H1FY25
Vijay Kedia stock engaged in providing robotic and automation solutions for Industrial Automation and many others slumps 15 percent in the day’s trade after loss widens in H1FY25. Price Action With a market capitalization of Rs. 790 Crores, the shares of Affordable Robotic & Automation Limited were trading at Rs. 702.35 per equity share, up [...]
Smart meter stock hits 5% upper circuit after signing MoU for solar park project
The shares of the smart meter manufacturer hit 5 percent upper circuit of Rs 769.10 per share after the company signed a memorandum of understanding for the 1,000 MW Ultra Mega Solar Park Project. With a market capitalization of Rs 792.81 crore, the shares of RMC Switchgears Ltd were trading at Rs 769.10 per share, [...]
Solar stock jumps after receiving orders from Paschim Gujarat to set up 2 solar power plant
Solar Energy stock engaged in providing integrated engineering, procurement, construction, and commissioning services for solar, wind energy, and other projects in focus upon receiving two work orders to set up a 6.5MW solar power plant. Price Action With a market capitalization of Rs. 370 Crores, the shares of Winsol Engineers Limited were trading at Rs. [...]
Stock hits 20% upper circuit after reporting 116% increase in net profits in H1FY25
Microcap stock engaged in manufacturing and supplying hand tools to leading OEMs like Tata Steel, Indian Oil, Larsen & Toubro, and many others hit a 20 percent upper circuit in the day’s trade following a 116 percent jump in Net Profits. Price Action With a market capitalization of Rs. 258 Crores, the shares of DE [...]
Why is Premier Energies down by 8% despite announcing 287% YoY increase in net profits?
The shares of the second-largest solar module and cell manufacturer fell up to 10 percent despite the company’s net profit and revenue magnified by 288 percent and 120 percent YoY, respectively in Q2FY25. With a market capitalization of Rs 47,421.46 crore, the shares of Premier Energies Ltd were trading at Rs 1,052 apiece, decreasing around [...]
Auto ancillary stock hits 20% upper circuit after announcing 2760% QoQ increase in net profits
Shares of a leading manufacturer of Automotive Sealing Systems, and Interior & Exterior Automotive parts in India hit a 20 percent upper circuit on BSE at Rs. 222 on Monday, after the company reported a rise in net profit by 2760 percent QoQ and 430 percent YoY in Q2 FY25. With a market cap of [...]
Dolly Khanna stock jumps 18% after reporting 78% QoQ increase in net profits
Shares of this small-cap company that operates a 4-star hotel chain, manage health centers, and engaged in mining, education, and health and wellness surged nearly 18 percent on Monday morning after the company reported a 78 percent QoQ increase in net profit, along with strong revenue growth in its latest quarterly results. Share Price Movement [...]
Telecom stock jumps 10% after receiving order worth ₹1,537 Cr for BharatNet Project
The shares of the public sector undertaking gained up to 10 percent after the company emerged as the lower bidder for the Design Build Operate and Maintain (DBOM) Model project with Rs 1,537 crore. With a market capitalization of Rs 31,608.38 crore, the shares of ITI LTD were trading at Rs 327.55 per share, increasing [...]
Bluechip stocks with strong management guidance for FY25 to add to your watchlist
Management guidance in blue-chip stocks provides investors with forecasts of a company's future performance, including expected revenue and earnings. This helps shape investor expectations and can impact stock prices, particularly for stable, well-established companies. Strong guidance boosts investor confidence and reduces risks from market fluctuations. Here are a few blue-chip stocks with robust Management Guidance [...]
3 Stocks that received work orders worth up to ₹3,022 Cr for BharatNet project development
BharatNet project is funded by the Universal Service Obligation Fund (USOF) under the Department of Telecommunications (DoT). The project aims to bridge the 'digital divide' by delivering high-speed broadband connectivity with bandwidth of 100Mbps to all Gram Panchayats (GPs) and villages in India ensuring equitable access to online services for all, especially those in rural [...]
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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
ICRA expects stable outlook for office, retail real estate segments
New Delhi, Apr 11 (PTI) Credit rating agency ICRA on Monday said it expects the outlook for commercial real estate segment to remain stable during the current fiscal year. "ICRA expects the outlook of commercial real estate, both of the office segment and the retail malls segment to be stable for FY2023. The revision in [...]
Swiss co Garmin posts double-digit revenue growth in India in 2021
New Delhi, Apr 11 (PTI) Swiss tech major Garmin recorded a double-digit growth in revenues from India in 2021, helped by rising sales of wearables. The company did not share the exact numbers. The business growth last year was backed by its fitness and wellness segment, according to a statement from Garmin India, a unit [...]
Veranda Learning shares debut on mixed note; settle with 17% premium on BSE
New Delhi, Apr 11 (PTI) Shares of Veranda Learning Solutions Ltd made a mixed debut on the exchanges on Monday, where it settled with 17 per cent premium on BSE against the issue price of Rs 137. In contrast, on the NSE, it ended at Rs 131.25 apiece, lower by 4.19 per cent. Earlier in [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 11 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67063.00 67672.00 STANDARD GOLD (99.5) : 51948.00 52300.00 PURE GOLD (99.9) : 52157.00 52510.00 -------------------- PTI MUM SSBSSB SSB
Elon Musk decides not to join Twitter board, says CEO Parag Agrawal
In an unexpected turn of events, Elon Musk, the world's richest man and the biggest shareholder of Twitter, has decided not to join the board of the micro-blogging platform. The decision of Musk -- who has made a raft of suggestions in recent days for Twitter, even wondering whether its headquarters should be turned into [...]
Oman-India joint fund invests Rs 75 cr in Senco Gold
Mumbai, Apr 11 (PTI) A private equity fund manager sponsored by the Oman Investment Authority and State Bank of India on Monday said it has invested Rs 75 crore in Kolkata-based jewellery retailer Senco Gold. The investment of Rs 75 crore by Oman India Joint Investment Fund II (OIJIF II) will be through equity for [...]
Domestic air passenger traffic up 59% in FY22, 40% lower than pre-pandemic level: Icra
Mumbai, Apr 11 (PTI) India's domestic air passenger traffic is estimated to have grown by around 59 per cent year-on-year to 84 million in FY22, although it is still about 40 per cent lower as compared to the pre-pandemic level, credit ratings agency Icra said on Monday. It also expects elevated Aviation Turbine Fuel [...]
India Yamaha Motor launches anniversary edition of YZF-R15M at Rs 1.88 lakh
New Delhi, Apr 11 (PTI) India Yamaha Motor (IYM) Pvt Ltd on Monday launched an anniversary edition of its flagship 155cc supersport motorcycle YZF-R15M priced at Rs 1.88 lakh (ex-showroom, Delhi).The company also announced the launch of a new version of its popular MT-15 bike model with a price starting at Rs 1.6 lakh (ex-Showroom, [...]
Solis Yanmar Tractors backed by Strong Japanese Technology, Achieves Significant Milestone of 13,000 Tractors in India Within 2 Years
New Delhi, Delhi, India (NewsVoir) Solis Yanmar is one of the world’s leading tractor brands that delivers pioneering technologies for supreme customer satisfaction and remains synonymous with toughness, durability as well as performance. Following an extraordinary approach to ensure ‘Future is now’ for farmers, Solis Yanmar has proudly achieved a historical milestone of 13,000th tractor [...]
Rajasthan’s Commercial Tax Deptt earns Rs 50,883 cr revenue in FY22
Jaipur, Apr 11 (PTI) The Commercial Tax Department of Rajasthan earned a record revenue of Rs 50,883 crore in last financial year.According to an official statement, the department collected revenue of Rs 50,883.48 crore in 2021-22, registering a growth of 25.91 per cent as compared to the previous fiscal year. The department earned Rs 4,574.17 [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 11 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 804.00 COPPER HEAVY SCRAPS 793.00 COPPER ARMATURE (CREDIT) 775.00 COPPER UTENSILS SCRAP 715.00 CC ROD 845.00 CC ROD (RECYCLED) 800.00 BRASS :- BRASS SHEET CUTTING 579.00 BRASS UTENSIL SCRAP 544.00 BRASS HONEY 515.00 [...]
Hines partners with DNR group to develop 2 mn sq ft office project in Bengaluru
New Delhi, Apr 11 (PTI) US-based real estate firm Hines has tied up with DNR group to develop a premium commercial project in Bengaluru comprising two million square feet of leasable area. This is the second office project being developed by both the companies in partnership with each other. The project 'DNR Nagavara' will be [...]
KKR to acquire 10% stake in Shriram General Insurance
New Delhi, Apr 11 (PTI) Global investment firm KKR will acquire close to 10 per cent stake in Shriram General Insurance Company, a statement said. Shriram General Insurance (SGI) is backed by Shriram Group and pan-African financial services group Sanlam.Definitive agreements were signed on Monday between KKR, SGI and Sanlam under which KKR will acquire [...]
Batt:RE to be RCB’s official EV partner for IPL
Mumbai, Apr 11 (PTI) Electric two-wheeler maker Batt:RE has partnered with Royal Challengers Bangalore as the latter's official EV partner for the ongoing 15th edition of the Indian Premier League (IPL), a statement said on Monday. The partnership will include distribution of signed team merchandise and memorabilia along with jerseys and bats. Besides, it will also [...]
Helicopter transport firm BLADE India ties up with Lexus
Mumbai, Apr 11 (PTI) The Indian subsidiary of the US-based helicopter transport firm BLADE has joined hands with Lexus, which is the luxury car arm of Japanese auto major Toyota, to offer travellers premium mobility services. The partnership includes BLADE collaborating with Lexus to provide on-ground Lexus vehicle experience to the flyers across its routes in [...]
Ruchi Soya to evaluate merger of Patanjali Ayurved’s food portfolio with itself
New Delhi, Apr 11 (PTI) Baba Ramdev's Ruchi Soya Industries on Monday said it will evaluate the most efficient mode to merge Patanjali Ayurved Ltd's food portfolio with itself and has also decided to change the name of the company to Patanjali Foods Ltd. Ruchi Soya has recently raised Rs 4,300 crore through its Follow-on [...]
OILSEEDS PRICES
APRIL 11, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) DEOILED CAKES (per M.T.) G.N.Extr.45% 41000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 36500.00 Rice Bran Extr. - - Sunflower Extr. 30000.00 Rapeseed Extr. - Soyameal 48% 64696.00 Castor Extr. 10350.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 8050.00 Gr. Bolds 60/70 [...]
Parekh Integrated Services, Announces Aggressive 10 year Growth Plan on their 40th Anniversary
Mumbai, Maharashtra, India (NewsVoir) Parekh Integrated Services Pvt. Ltd., (PAREKH), a leading logistics and supply chain solutions provider established in 1981, has recently announced its aggressive growth plans for the upcoming decade, right up to their golden jubilee. The plans were announced on the grand celebrations marking the completion of 40 years in business. These [...]
Free Lift Systems for Maximum Freedom in Motion: Engineered by Hafele
Bangalore, Karnataka, India (NewsVoir) The fittings of the Free family give flaps new freedom in movement. This opens up more opportunities in the visual and technical design of furniture and has tangible benefits compared to hinged doors. But above all, it gives the furniture and the room undreamt elegance and lightness. It doesn’t matter whether [...]
DGTR starts review on extension of anti-dumping duty on certain Chinese tyres
New Delhi, Apr 11 (PTI) The commerce ministry's investigative arm DGTR has initiated a probe to review the need for continuing anti-dumping duty on certain types of Chinese pneumatic radial tyres following a complaint from the domestic industry. Automotive Tyre Manufacturer's Association has filed a petition before the Directorate General of Trade Remedies (DGTR) for [...]
IIPM appoints Rakesh Mohan Joshi as its new Director
New Delhi, Apr 11 (PTI) Bangalore-based Indian Institute of Plantation Management (IIPM), an autonomous organisation of the commerce ministry, has appointed Rakesh Mohan Joshi as its new Director.Joshi was Professor and Dean at the Indian Institute of Foreign Trade (IIFT) here."I took the charge on April 7," Joshi said.He was associated with several multilateral organisations, [...]
Abbott launches Arachitol Gummies in India
New Delhi, Apr 11 (PTI) Healthcare major Abbott on Monday said it has launched Arachitol Gummies in India, a dietary supplement that helps maintain required levels of Vitamin D sustainably. Launched in orange fruit flavour, the gummies are approved as health supplements by the Food Safety and Standards Authority in India. "The launch of Arachitol [...]
Byju’s names Vedhanarayanan Ganeshkumar as VP Technology
New Delhi, Apr 11 (PTI) Edtech company Byju's on Monday announced the appointment of Vedhanarayanan Ganeshkumar as Vice-President Technology.Vedhanarayanan will play a key role in accelerating critical technologies to scale Byju's tech and innovation prowess, the company said in a statement.The company said it has appointed Amazon tech veteran Vedhanarayanan as Vice President Technology."This new [...]
Tata Motors plans to ramp up EV production as demand spikes
Tata Motors is looking to ramp up the production of electric vehicles as demand continues to outpace the manufacturing activity by a huge margin, according to a top company official. The Mumbai-based automaker, which led the passenger electric vehicle space in the domestic market in last fiscal year, has been receiving an average of 5,500-6,000 [...]
YOUKRAFT gets commitment of USD 10 million as seed funding
New Delhi, Apr 11 (PTI) Startup YOUKRAFT, an online marketplace for interiors and construction industry, on Monday said it has secured a commitment of USD 10 million in seed funding from the Goel Family Office, including the company's founder and CEO Manav Goel. YOUKRAFT consolidates brands across more than 25 key industry verticals to provide [...]
DB Schenker appoints Kinjal Pande as CEO for India and subcontinent
Mumbai, Apr 11 (PTI) Global logistics services provider DB Schenker on Monday said it has appointed Kinjal Pande as the new CEO (chief executive officer) for India and the Indian subcontinent with immediate effect. Pande, who succeeded interim CEO Vivek Chopra, brings a wide experience from other leading global forwarders in the logistics industry, the [...]
PEPPER COPRA CLOSING RATE
MUMBAI, APR 11 (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 ------------ SSB SSB
Gujarat tops NITI Aayog’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 is aimed at ranking 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. [...]
PEPPER COPRA CLOSING RATE
MUMBAI, APR 11 (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 ------------ SSB SSB
Gujarat tops NITI Aayog’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 is aimed at ranking 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. [...]
Reliance’s unique energy transition story
New Delhi, Apr 11 (PTI) Reliance Industries Ltd's strong cash flow generation in the 'best in class' old energy business can fund the capex of the new energy business and in turn drive one of the fastest and most profitable net-zero transitions by 2035 amongst large energy companies, Goldman Sachs has said. Billionaire Mukesh Ambani in 2020 [...]
Dynamix Group records sales worth INR 756 crs in FY 2021-22 across projects. Launching 3 projects in FY 22-23 which will have an investment of Rs.1050 crs over their life
~ The Real-Estate developer aims to launch close to 1.1 mn sq. ft of projects in 2022, in addition to its ongoing works of ~2.2 million sq. ft in Thane and Mumbai ~ ~The group has already delivered over 30 million sq. ft to its customers over 5 decades in business~ ~ The group has [...]
Phablecare raises Rs 187 cr in funding round led by Kalaari Capital
Mumbai, Apr 11 (PTI) Phablecare, a chronic disease management startup, on Monday said it has raised Rs 187 crore in a funding round led by Kalaari Capital. Aflac Ventures, Digital Horizon and Stride Ventures also participated in the round along with existing investors Omron Ventures, SOSV, Social Starts, and Fresco Capital. The funds raised, which [...]
New web series Zindagi Reset discusses our dependence on technology; makers adopt a no phone policy on set to bring out raw performances from actors
April 11: Of the new batch of wonderful stories coming out of the OTT space, the new one to look out for is the series Zindagi Reset, Ace Multimedia. Whipped up by producers Punit Wadhwa and Manish Jhunjhunwala and directed by Adi Irani and Shiva Rindani, the series is an astute take on how technology [...]
PanOptix Trifocal Intraocular Lens Surpasses One Million Implants Worldwide
• Alcon celebrates milestone with a campaign to thank ophthalmologists worldwide • Currently available in 78 countries, PanOptixIOL offers the possibility of 20/20 vision at near, intermediate and distance for cataract patients • PanOptix recognized with prestigious Prix Galien USA award for “Best Medical Technology” New Delhi (India), April 11: Alcon, the global leader in [...]
Annapurna Studios and Qube Cinema announce launch of full-service virtual production stage in Hyderabad
The state-of-the-art facility will empower filmmakers and content creators to realize their vision, bringing to life - stories that engage, entertain, and enlighten audiences around the world. HYDERABAD, India, April 11, 2022 /PRNewswire/ -- With demand for new content at an all-time high, creators everywhere are looking to leverage cutting-edge technology to bring their stories [...]
CEIC’s GDP Nowcast for Q3 FY2022 Projected a Growth of 5.6% y/y against the actual 5.4% y/y
India's GDP increased in real terms by 5.4% y/y in Q4 2021 (Q3 FY2022), the growth decelerating from 8.5% y/y in Q3 2021. CEIC's proprietary GDP nowcast projected a growth of 5.6% y/y for Q4 2021 , closer to the actual figure than RBI's projection of 5.8% y/y. MUMBAI, India, April 11, 2022 /PRNewswire/ -- [...]
Erisha Agritech Private Ltd. Inks MoU with Leading Automotive R&D Organization, The Automotive Research Association of India (ARAI)
MoU to add strength to Erisha Agritech’s design and development of advanced powertrain systems and components for electric vehicles, and hydrogen fuel cells New Delhi, Delhi, India (NewsVoir) Erisha Agritech Private Ltd., a Rana Group Company, has entered into an agreement with The Automotive Research Association of India (ARAI), towards design and development of advanced [...]
DB Schenker appoints Kinjal Pande as CEO for India and subcontinent
Mumbai, Apr 11 (PTI) Global logistics services provider DB Schenker on Monday said it has appointed Kinjal Pande as the new CEO (chief executive officer) for India and the Indian subcontinent with immediate effect. Pande, who succeeded interim CEO Vivek Chopra, brings a wide experience from other leading global forwarders in the logistics industry, the [...]
Guar seed futures decline amid ample supplies
New Delhi, Apr 11 (PTI) Guar seed prices on Monday declined by Rs 10 to Rs 6,348 per 10 quintals in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery fell by Rs 10 or 0.16 per cent to Rs 6,348 per 10 quintals with an open interest of [...]
Guar gum futures fall on low demand
New Delhi, Apr 11 (PTI) Guar gum prices on Monday fell by Rs 48 to Rs 12,343 per five quintals in futures market as traders offloaded their holdings in line with weak trend in spot market. On the National Commodity and Derivatives Exchange, guar gum for April delivery declined by Rs 48 or 0.39 per [...]
Antidote to rise in oil prices is reduction in usage: West Bengal Governor
Kolkata, Apr 11 (PTI) West Bengal Governor Jagdeep Dhankar on Monday said that in the face of incessant rise in oil prices, people should reduce the usage of petroleum products as an antidote to such price hikes. After a spate of price rise of oil products for the last 16 days, the price of petrol [...]
Crude oil futures decline on low demand
New Delhi, Apr 11 (PTI) Crude oil futures on Monday dropped by 1.3 per cent to Rs 7,282 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 96 or 1.3 per cent to Rs 7,282 per barrel with a business volume [...]
Kabira Mobility ramps up production of KM3000 from its Mega factory at Dharwad
1. Kabira Mobility has started deliveries of KM3000 across India 2. The Deliveries are being made through Kabira Mobility's Dealer Network present across the Nation 3. Since Mar 2022, Kabira Mobility has also begun Full fledged production from its Mega factory at Dharwad DHARWAD, India, April 11, 2022 /PRNewswire/ -- Kabira Mobility, manufacturer of India's [...]
Hero Lectro launches platform to enhance D2C sales, strengthen omni-channel presence
New Delhi, Apr 11 (PTI) Hero Lectro, the electric bicycle brand of Hero Cycles, on Monday announced the launch of its platform to enhance direct-to-consumer (D2C) sales, besides strengthening its overall omni-channel presence. The company said consumers can shop for its complete range of e-cycles and cargo e-bikes directly from its website -- herolectro.com, besides [...]
Magenta ties up with Euler Motors to deploy 1,000 e-cargo vehicles in key cities
Mumbai, Apr 11 (PTI) EV solutions company Magenta in association with Euler Motors is planning to deploy 1,000 e-cargo three-wheelers in cities such as Bengaluru, Hyderabad and Chennai in coming months. Besides providing charging infrastructure for electric vehicles (EVs) in the country, Magenta owns EVET brand of electric vehicles. Electric commercial vehicle maker Euler offers 688-kg [...]
NFR plans rail service to proposed ICP at Sabroom
Agartala, Apr 11 (PTI) The Northeast Frontier Railway (NFR) has a plan to provide direct train connectivity to the proposed Integrated Check Post (ICP) at Sabroom, a border sub-division of South Tripura district to ensure seamless cargo facility. A team of senior NFR officials held a meeting recently with state government officials, representatives of Land [...]
Gujarat tops NITI Aayog’s State Energy and Climate Index-Round 1 among larger states
New Delhi, Apr 11 (PTI) Gujarat has topped the Niti Aayog's State Energy and Climate Index-Round 1 (SECI) among larger states, which is aimed at ranking 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. [...]
Lawyered eyes 150 million revenue through partnerships
Lawyered is looking forward to raising USD 1million for the next phase of growth and expansion of the business. Spendings from the amount raised will be bifurcated to strengthen the operations teams. Through this partnership, Lawyered is looking forward to supporting its clients in their claim settlement process. Currently, Lawyered is on a mission to [...]
NEWSALERT
Gujarat tops NITI Aayog's State Energy and Climate Index-Round 1 among larger states. PTI BKS DRR
UNIPLAT by Unify Platform AG and ACIC-KL Startups Foundation Announce Strategic Alliance to Provide More Opportunities for Worldwide Researchers and Entrepreneurs
YOKOHAMA, Japan, Apr. 8, 2022 /Kyodo JBN-AsiaNet/ -- - Strategic Alliance for Mutual Growth by Utilizing Each Other's Unique Resources - UNIPLAT, the world's first (*) online platform for researchers and entrepreneurs who promote SDGs, announced a strategic alliance with Atal Community Innovation Center-KL Startups Foundation (also known as ACIC-KL Startups Foundation) (supported by AIM, [...]
Menterra Social Impact Fund II Announces First Close
BANGALORE, India , April 11, 2022 /PRNewswire/ -- Bangalore headquartered Menterra Venture Advisors today announced the first close of its Menterra Social Impact Fund II. The first close of this fund is being announced with commitment of approximately Rs.227Cr (~US$30MM). The target fund corpus is Rs.750Cr (~US$100MM) which includes a green shoe option of Rs.250Cr [...]
Magenta ties up with Euler Motors to deploy 1,000 e-cargo vehicles in key cities
Mumbai, Apr 11 (PTI) EV solutions company Magenta in association with Euler Motors is planning to deploy 1,000 e-cargo three-wheelers in cities such as Bengaluru, Hyderabad and Chennai in coming months. Besides providing charging infrastructure for electric vehicles (EVs) in the country, Magenta owns EVET brand of electric vehicles. Electric commercial vehicle maker Euler offers 688-kh [...]
MUM BULLION OPENING RATES
MUMBAI, APR 11 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 67063.00 STANDARD GOLD (99.5) : 51948.00 PURE GOLD (99.9) : 52157.00 ------------ PTI MUM SVC SVC
Multibagger Adani stock surges 7.4%; Reaches new 52 week high
Shares of Adani Green Energy Limited (AGEL) gained 7.42% and rose to a fresh 52-week high of ₹2524.00 apiece on Monday’s early trade. The stock saw a gap-up opening at the beginning of the session this week. The stock changed 1792328 hands, with a turnover of ₹ 447 crores till 11:25 AM today. This comes [...]
Jindal School of Psychology Students Gain Diverse & Multi-Disciplinary Experience with Leading Organisations
Sonipat, 11 April, 2022: The Jindal School of Psychology and Counselling (JSPC) utilises both in-class (theory) and experiential (hands-on) learning to ensure all students gain a comprehensive education in the psychological sciences. To that end, students are required to complete five internships during the three-year B.A. (Hons.) programme. To date, the school has established formal [...]
Gold Plus Glass Industry files draft papers with Sebi to mop-up funds via IPO
New Delhi, Apr 11 (PTI) Float glass maker Gold Plus Glass Industry Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 300 crore and an offer-for-sale (OFS) up to 12,826,224 equity shares by [...]
Isprava raises USD 130 million for business growth
New Delhi, Apr 11 (PTI) The Isprava Group, which is into luxury housing and hospitality businesses, on Monday said it has raised USD 130 million (about Rs 985 crore) from investors to grow its business. The funding round was led by family offices including the Nadir Godrej Family Office, the Burman Family Office and others, a [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, APR 11 (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 75.20 76.70 75.14 76.86 EUR/INR 81.25 84.07 81.19 84.24 GBP/INR 97.31 100.41 97.23 100.61 JPY/INR 59.84 61.79 59.80 61.91 [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, APR 11 (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
Enjoy High FD Rates up to 7.05 percent p.a. by Investing in Bajaj Finance Fixed Deposit
Pune, Maharashtra, India (NewsVoir) Wealth generation is a priority for most, but few manage to do it efficiently. The success mantra is usually to diversify, and it works for investors that know to manage their portfolio sufficiently. Here, reliable instruments like that fixed deposit are intelligent choices to ensure steady earnings. Naturally, choosing one with [...]
Connect Network Launches Its Layer 2 Scaling Platform an EVM Blockchain with High Throughput and Extremely Low Transaction Fees
Mumbai, Maharashtra, India – Business Wire India Connect Network Blockchain is a new revolutionary layer 2 scaling platform that will provide high throughput and extremely low transaction fees on its network. Connect Network Blockchain is an EVM Blockchain with proof of stake consensus algorithm. This new Blockchain will allow developers to build DApp on this [...]
Bacancy Successfully Tests India’s 1st EV Charge Controller and is All set to Serve the Market
Bacancy is a pioneer in product engineering and a leading embedded solution development company. The CCS2 Controller, known as CCS2CON, developed at Bacancy, is a smart solution for building fast DC charging for EVs. AHMEDABAD, India, April 11, 2022 /PRNewswire/ -- Bacancy's CCS2 controller clears its testing phase with the most renowned EVs in the [...]
5 Telecom Stocks to buy now for an upside of up to 35% – 5Paisa
According to 5Paisa telecom companies will see an increased inflow of money due to tariff hikes but to different extents. Bharti Airtel and Vodafone Idea will see full benefits, whereas JIO will see partial gains since most of its subscribers are on higher duration packs. A few other factors that will affect the Q4 numbers [...]
Glenmark Specialty S.A. receives approval for conducting Phase 1 Clinical Trial of its Novel Molecule GRC 54276 in patients with Advanced Solid Tumors and Hodgkin’s Lymphoma
- GRC 54276 is one of the many novel molecules from Glenmark's resident, Innovative Medicines Group, specializing in the development of novel molecular entities for critical unmet medical needs - Glenmark will initiate a Phase 1 clinical trial by June 2022 to determine the safety, tolerability, and preliminary anti-tumor activity of its novel molecule in [...]
Veranda Learning shares debut on mixed note; list with nearly 15% premium on BSE
Shares of Veranda Learning Solutions Ltd made a mixed debut on the exchanges on Monday, where it listed with nearly 15 per cent premium on BSE, against the issue price of Rs 137. In contrast, at the NSE, it opened at Rs 125, a discount of 8.75 per cent. It hit a high of Rs [...]
Offer18 Continues to Show Highest-Ever User Satisfaction Rate in its Quarterly Report
The company has earned a total of eleven awards in January to March 2022. GURUGRAM, India, April 11, 2022 /PRNewswire/ -- Offer18 has recently announced its latest quarterly report, showing data from January to March 2022, reveals the highest-ever user satisfaction rate. Having added more than a hundred users in three months to reach over [...]
Tata AIA Life Insurance partners with CSC for making insurance accessible to rural India
• Initiative to help increase India's Life Insurance Rural Penetration from 8 -10% currently * • CSC to distribute Tata AIA Life's POS Smart Income Plus plan, which offers the dual advantage of savings and protection MUMBAI, India, April 11, 2022 /PRNewswire/ -- As part of its effort to deliver much-needed life insurance protection cover [...]
Glip raises $3M pre-series A, onboards 1M gamers in 3 months
BENGALURU, India, April 11, 2022 /PRNewswire/ -- Glip, a creator tool suite for gamers to create and monetise, has raised $3 million in its pre-series A round led by Prime Venture Partners. The round also saw the participation of existing backers Better Capital and iSeed. Prominent angels include Paavan Nanda (WinZO), Nilay Arora (Tencent), Suhail [...]
Rajnath Singh meets executives of US aerospace giants Boeing and Raytheon
Defence Minister Rajnath Singh has met senior executives of American aerospace and defence majors Boeing and Raytheon and asked them to take advantage of policy initiatives in India to steadily march from ‘Make in India’ towards ‘Make for the World’. Singh along with External Affairs Minister S Jaishankar arrived in the US capital on Sunday [...]
Glenmark receives DCGI nod to conduct clinical trials of its molecule on cancer patients
New Delhi, Apr 11 (PTI) Glenmark Pharmaceuticals on Monday said its unit has received approval from the Drug Controller General of India (DCGI) to conduct phase 1 clinical trials of its novel molecule on patients with advanced solid tumors. Glenmark Specialty SA has received approval from the DCGI to conduct a Phase 1 clinical trial [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, April 11(PTI) Money Market Operations as on April 8, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 5,27,329.47 3.36 0.01-4.00 I. Call Money 8,556.47 3.33 2.20-3.80 II. Triparty Repo 3,95,106.85 3.34 2.11-3.90 III. Market Repo 1,23,666.15 3.43 0.01-4.00 IV. Repo in [...]
Experion makes a compelling debut as a Major Contender in the Digital Product Engineering Services PEAK Matrix® Assessment 2022 by Everest Group
TRIVANDRUM, India, April 11, 2022 /PRNewswire/ -- Experion Technologies, a global IT solutions company enabling enterprises with future-ready digital solutions, announced that Everest Group – a leading global research firm, has positioned it as a 'Major Contender' in Digital Product Engineering Services PEAK Matrix® Assessment 2022. Experion has been recognized for its core expertise in [...]
WEF readies Davos meeting in May; over 300 public figures expected to attend
New Delhi, Apr 10 (PTI) The World Economic Forum's 2022 annual meeting in Swiss ski resort town Davos next month is expected to be attended by over 300 public figures, including heads of state and government from across the globe, while nearly 100 business and political leaders from India are also likely to be present [...]
Centre reduces raw jute stock limit to facilitate supply to mills
Kolkata, Apr 10 (PTI) The Centre has further reduced raw jute stock limit for balers and traders in a bid to increase supply of the raw material to mills at a time when major foodgrain producing states are facing a shortage for the environment-friendly packaging material, industry stakeholders said on Sunday.In a recent notification issued [...]
Weekly Recap: RBI’s Monetary Policy, CCI’s Probe for Zomato & Swiggy, Loan default by Coffee Day and more
Most of the sectoral indices ended in the green this week. Oil & Gas, Metal, Power and FMCG gained 1-2% as we approached the closing bell on Friday. The IT sector, however, was in the red. BSE midcap and small-cap indices rose by nearly 1%. The BSE Sensex advanced and settled at 59447.18 while the [...]
Nepal suspends Central Bank Governor amid forex woes
Kathmandu, Apr 10 (PTI) In a rare move, the Nepal government has suspended the country’s Central Bank Governor Maha Prasad Adhikari over disagreements with Finance Minister Janardhan Sharma and for not doing enough to pull the economy from doldrums. Adhikari, the Nepal Rastra Bank (NRB) Governor, was suspended on Friday after the government formed a [...]
Agri reforms important; repeal of 3 farm laws a setback for doubling farmers’ income: Niti member Ramesh Chand
New Delhi, Apr 10 (PTI) Stressing that reforms are necessary for the agriculture sector, Niti Aayog member Ramesh Chand on Sunday said the repeal of three farm laws has come as a 'setback' to higher price realisation by cultivators and could be a factor in achieving the goal of doubling farmers' income by 2022. He [...]
Differences emerge between RCap admin, lenders over resolution of Co arms
New Delhi, Apr 10 (PTI) Differences have emerged between the lenders and the RBI-appointed administrator of debt-ridden Reliance Capital Ltd (RCL) over the resolution process of the company's different subsidiaries or clusters which are on the block, sources said. As many as 54 bids were received for the resolution of RCL and its multiple subsidiaries [...]
JSPL plans to set up India’s second coal gasification plant at Raigarh
JSPL has plans of setting up a coal gasification plant -- the second in the country -- at its Raigarh plant in Chhattisgarh, company's MD V R Sharma said. The company is already using the coal gasification technology to produce steel at its plant in Angul, Odisha. The 2 million tonne per annum production capacity [...]
Nepal bans import of luxury items as foreign exchange reserves decline
Kathmandu, Apr 10 (PTI) Nepal’s central bank has announced a ban on the import of vehicles and other luxury items, citing liquidity crunch and declining foreign exchange reserves, despite government assurances that the economy will not go into a tailspin like Sri Lanka. Nepal Rastra Bank (NRB), the country’s central bank, issued this directive last [...]
Sobha’s sales bookings up 23% to Rs 3,870 cr in FY22 on better housing demand
New Delhi, Apr 10 (PTI) Bengaluru-based realty firm Sobha Ltd's sales bookings rose by 23 per cent to its all-time high of Rs 3,870.2 crore during the 2021-22 financial year on higher volumes driven mainly by low-interest rates on home loans. According to a quarterly operational update, the company's sales bookings in volume terms increased [...]
UK inquiry launched into Akshata Murty’s tax affairs leak
London, Apr 10 (PTI) An internal inquiry has been launched into how the tax affairs of Akshata Murty, daughter of Infosys co-founder Narayana Murthy, were leaked to a newspaper, according to UK media reports on Sunday. The Whitehall investigation within UK government quarters will look into how the information about the non-domicile status of the [...]
Emerging tech in the food, transport and energy sector can help counter the effects of climate change
Sydney, Apr 10 (The Conversation) The latest report from the Intergovernmental Panel on Climate Change (IPCC) — which one of us (Arunima) contributed to — has emphasised the need for enormous change if we are to keep within the 1.5 degree Celsius warming limit.This Paris Agreement goal is currently beyond our reach. Achieving it would [...]
Agri reforms important; repeal of 3 farm laws a setback for doubling farmers’ income: Niti member Ramesh Chand
New Delhi, Apr 10 (PTI) Stressing that reforms are necessary for the agriculture sector, Niti Aayog member Ramesh Chand on Sunday said the repeal of three farm laws has come as a 'setback' to higher price realisation by cultivators and could be a factor in achieving the goal of doubling farmers' income by 2022. He [...]
NEWSALERT
Farm sector growth to be around 3 pc in FY22; can improve in FY23 if monsoon, other conditions are favourable: Niti member Ramesh Chand. PTI BKS ABM ABM
Indian Agricultural officers from seven states on Israel tour to learn new approaches and techniques
Jerusalem, Apr 10 (PTI) Eighteen agricultural officers from seven Indian states are on a 15-day visit to Israel to learn about new innovative approaches and smart technologies in the key sector that can add more value to the farmers.The agricultural officers from Indo-Israel Centers of Excellence (CoE) are taking part in an extensive state course, [...]
Over 350 mobile towers to be set up in Meghalaya
Shillong, Apr 10 (PTI) Over 350 mobile towers will be set up in Meghalaya to ensure that all villages come under mobile network, officials said on Sunday. Meghalaya has 6,839 villages of which 1,164 villages are not covered by any mobile network, they said. The chief secretary recently reviewed implementation of the Universal Service Obligation [...]
Equity MFs see Rs 1.64 lakh cr net inflow in FY22 on strong SIP book
Strong SIP book and lower returns from traditional investments made equity mutual funds an attractive investment destination for investors with equity-oriented funds receiving a staggering net inflow of Rs 1.64 lakh crore in 2021-22. This comes following a net outflow of Rs 25,966 crore during 2020-21, data with Association of Mutual Funds in India (Amfi) showed. [...]
Vedanta to move towards green steel; working on solution for hydrogen use
Panaji, Apr 10 (PTI) As part of its plan to shift towards "green steel", a Vedanta group firm has said it is working on a solution to use hydrogen instead of coke in its manufacturing process so as to reduce carbon emissions. Vedanta's Sesa Goa Iron Ore Business said it is looking for a tie-up [...]
Goodluck India to invest Rs 200 cr in 2-3 yrs to scale up capacity: CMD
New Delhi, Apr 10 (PTI) Steel products maker Goodluck India will invest Rs 200 crore over the next two-three years to expand capacity, its Chairman and Managing Director (CMD) M C Garg said. BSE-listed Goodluck India has five manufacturing units at Sikandrabad (Uttar Pradesh) and one in Kutch (Gujarat) with a total installed capacity of [...]
India among top priority markets; to grow in double digits: Oriflame
New Delhi, Apr 10 (PTI) India is among one of the "priority markets" for the direct selling Swedish beauty brand Oriflame, where it expects to continue its double-digit growth over the next 3-5 years, a top company official has said. The company which sells cosmetic and wellness products in India also expects a double-digit growth [...]
Shell to set up LNG stations, bullish on gas market in India
New Delhi, Apr 10 (PTI) Global energy giant Shell will foray into retailing LNG for long-haul transportation like trucks, with its first filling station coming up in Gujarat this year as it bets big on the Indian gas market, a senior company official said. Shell operates a 5 million tonnes a year liquefied natural gas [...]
Maha sugar production all-time high this year: Official
Aurangabad, Apr 10 (PTI) Maharashtra has recorded an all-time high sugar production of 132 lakh tonnes this year, state sugar commissioner Shekhar Gaikwad has claimed. But, despite the high production, there is less possibility of the sugar prices coming down, the official told PTI on Saturday while speaking about issues related to excess sugarcane production [...]
Indian Agricultural officers from seven states on Israel tour to learn new approaches and techniques
Jerusalem, Apr 10 (PTI) Agricultural officers from seven different states of India are on a fifteen-day tour of Israel to learn about new approaches and technologies in the sector that can add more value to the farmers.The 18 agricultural officers from Indo-Israel Centers of Excellence (CoE) are taking part in an extensive state course, “Managing [...]
FAQ on taxation of crypto, virtual digital assets in works
New Delhi, Apr 10 (PTI) The government is working on an FAQ on taxation of cryptocurrencies, which will give a nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said. The set of Frequently Asked Questions (FAQ), which is being drafted by the Department of Economic Affairs (DEA), [...]
BMW eyes ‘mega year’ in India post Q1 show; to launch 24 products
New Delhi, Apr 10 (PTI) German luxury automotive group BMW is expecting a 'mega year' in India in 2022 having clocked 25 per cent rise in four-wheeler sales and 41 per cent jump in two-wheelers in the first quarter despite challenges of semiconductor shortage, war in Ukraine and shutdowns due to COVID-19 in China, according [...]
Former Tesla engineer-designed battery at Bengaluru startup gets European order
New Delhi, Apr 10 (PTI) In a boost to domestic manufacturing, one of the world's most energy dense batteries designed by a former Tesla engineer for a Bengaluru-based battery startup has been picked up by a European renewable energy company, Eren Groupe, for its storage applications, the startup's co-founder said on Sunday. The development has [...]
J’khand govt utilises 86% of total revised budget allocation for 2021-22
Ranchi, Apr 10 (PTI) Jharkhand government has claimed to have utilised 86 per cent of the total revised budget allocation for fiscal 2021-22. The state government has spent 83 per cent of the revised budget on scheme (plan) head and 91 per cent on establishment (non-plan) head, an official said. Hemant Soren government, on March [...]
Massive protest in Sri Lanka mounts pressure on President Rajapaksa to quit
Colombo, Apr 10 (PTI) A massive anti-government street protest demanding Sri Lankan President Gotabaya Rajapaksa’s resignation has turned into an all-night vigil as over 10,000 demonstrators gathered at the Galle Face Green urban park amidst the unprecedented economic crisis in the island nation. Sri Lanka is facing its worst economic crisis since gaining independence from [...]
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