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IT stocks held by Mukul Agrawal, Ashish Kacholia and other ace investors to keep an eye on
IT stocks delivered a robust performance in Wednesday's trade, driving the Nifty IT sectoral index to impressive gains despite the uncertainty surrounding the 2024 US presidential election. The Nifty IT index soared by 4.15 percent, closing the day with a remarkable rise of 1,639 points, or 4.05 percent, at 42,063.6. This rally was largely fueled [...]
Data centre stocks with high RoE and RoCE of more than 40% to keep in your radar
India ranks among the fastest-growing data centre markets in the Asia-Pacific (APAC) region and is one of the top 15 worldwide. The market value of India's data centre market is expected to grow from $4.5 billion in 2023 to $11.6 billion by 2032, with a CAGR of 10.98 percent. India's data centre market is experiencing [...]
3 Stocks under ₹250 with price to book value less than 1 to add to your watchlist
Investors frequently seek out undervalued stocks, with the Price-to-Book (P/B) ratio serving as a valuable indicator. This ratio assesses the relationship between a company’s market price per share and its book value per share. A P/B ratio below 1 implies that the stock is trading for less than its book value, indicating potential undervaluation and [...]
3 Stocks in which Govt. of Singapore bought fresh stake of up to 6% in Q2
The Government of Singapore, led by the Prime Minister, operates within a parliamentary system characterized by a strong executive branch. Renowned for its efficiency and transparency, Singapore's government is structured to ensure political stability, economic growth, and social cohesion, with a focus on meritocracy, pragmatism, and long-term planning. Here are the stocks in which the [...]
Stocks under ₹150 with net profit margins of up to 32%; Do you hold any?
Net profit margin acts as a profitability indicator that indicates how good the company’s pricing strategy is, how effectively the organization can control expenses, and how efficiently it uses the resources of the company to produce goods or services. Listed below are some of the stocks available under Rs. 150 with Net Profit margins of [...]
Stocks to Watch: Amara Raja Energy and 4 other stocks trading ex-dividend next week
Dividends represent a portion of a company's profits distributed to its shareholders as a reward for their investment. These regular payments provide investors with a steady income stream and signal a company's financial health and stability. Understanding dividend policies and trends is crucial for investors seeking income and long-term wealth accumulation. Here are the five [...]
5 Stocks under ₹200 in which promoters have reduced their pledge in Q2
The promoter releasing his share pledge is typically viewed positively as it indicates improved financial health and reduced financial risk for both the promoter and the company. It signals increased confidence from the promoter in the company's future prospects, which can be a reassuring sign for investors. Listed below are some of the stocks available [...]
₹24 to ₹1,503: Solar stock turns ₹1 lakh to ₹61 lakhs in just 5 Years
During the trading session of Friday, the shares of a manufacturer of solar cells and modules hit a 5 percent lower circuit at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 6,344.3 crores, the shares of Websol Energy Systems Limited opened at Rs. 1,599.95, up by nearly 1.1 percent, as against its previous [...]
Is Roll Royce in trouble amid Aircraft Engine challenges?
Rolls-Royce faces investor concerns as its aircraft engine performance metric fell short of some expectations, impacting share prices. The company's engine flying hours increased only 2 percent over pre-pandemic levels, landing in the lower range of its targets. This shortfall raises questions about Rolls-Royce's recovery and future growth amid rising airline demand. Share Price Action [...]
FMCG stock hits 5% upper circuit after reporting 1,456% YoY increase in net profit
Shares of this micro-cap company transitioning from NBFC business to the food and beverage industry in 2018 hit a 5 percent upper circuit on Friday after the company reported an exceptional 1,456 percent YoY increase in net profit and strong revenue growth in its latest quarterly results. Price Movement During Friday’s trading session, Thirdwave Financial [...]
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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
Govt spends nearly Rs 100 L cr on development, social sector schemes in 8 yrs
New Delhi, Apr 9 (PTI) The government has spent around Rs 100 lakh crore on infrastructure development and social sector programmes over the last eight years, government sources said. Citing an RBI report, sources said that the total developmental expenditure by the central government was a whopping Rs 90,89,233 crore (Rs 90.9 lakh crore) during [...]
To celebrate the India-Australia trade deal, Oz Prime Minister Morrison cooks ‘khichdi’
Canberra, Apr 9 (PTI) To celebrate the new trade deal with India, Australian Prime Minister Scott Morrison on Saturday took to Instagram to post a picture showing him preparing khichdi, his Indian counterpart Narendra Modi’s favourite dish. On April 2, India and Australia signed an economic cooperation and trade agreement under which Canberra would provide [...]
Tourist activity slowly picking up in Nepal
Kathmandu, Apr 9 (PTI) Tourist footfalls are gradually increasing in Nepal as the coronavirus-related restrictions are eased with fewer daily cases and a low transmission rate in the last few months. The tourism sector, the backbone of the Nepalese economy, came to a griding halt in April 2020 due to the COVID-19 pandemic, officials said [...]
TJSB Sahakari Bank posts Rs 155 cr profit for FY22, total biz crosses Rs 20k cr mark
Thane, Apr 9 (PTI) Cooperative bank TJSB Sahakari Bank on Saturday said its net profit declined to Rs 155 crore in FY2022 from Rs 163 crore in the previous year. The total business of the bank crossed the figure of Rs 20,000 crore, registering a growth of 13.46 per cent, TJSB Sahakari Bank Chairman Vivekanand [...]
CARS24 expands operations to Coimbatore
Coimbatore, Apr 9 (PT) Leading used vehicles e-commerce platform CARS24 expanded its presence in the southern market by foraying into the city. With the exponential growth in demand for cars in Tamil Nadu, the brand is focused on delivering the best experience to customers and fulfilling their dream of owning a car and it is [...]
Agri exports spurt by 20 pc to USD 50 bn in FY22
New Delhi, Apr 9 (PTI) India’s agricultural exports rose by about 20 per cent to USD 50.21 billion during 2021-22 despite logistical challenges posed by the COVID-19 pandemic, the Commerce and Industry Ministry said on Saturday. Exports of rice were the top forex earner at USD 9.65 billion among agri commodities during 2021-22, growing by [...]
Tata AIA Life Insurance ties up with Common Service Centres
New Delhi, Apr 9 (PTI) Tata AIA Life Insurance on Saturday said it has tied up with Common Service Centres which will provide access to about 95 per cent of gram panchayats in the country. As part of its effort to deliver much-needed life insurance protection cover to rural households and safeguard their loved ones [...]
SII, Bharat Biotech cut COVID vaccine prices to Rs 225 per shot for pvt hospitals
New Delhi, Apr 9 (PTI) Vaccine majors Serum Institute of India (SII) and Bharat Biotech on Saturday said they have decided to cut prices of the precaution dose of their respective COVID-19 vaccines to Rs 225 per shot for private hospitals after discussion with the government. "We are pleased to announce that after discussion with [...]
New-age entrepreneurs should not chase valuations but follow dreams passionately: Raymond CMD
New-age entrepreneurs should not to chase valuations but follow their dreams passionately, Raymond Chairman and Managing Director Gautam Hari Singhania has said. Chasing valuation could be "fickle", Singhania said while facilitating the winners of the Raymond CEO Forum on Friday. Today’s businesses believe in ‘cash-burn’ but as a traditional company always believe on ‘cash- flows’, [...]
Tata AIA Life Insurance ties up with Common Service Centres
New Delhi, Apr 9 (PTI) Tata AIA Life Insurance on Saturday said it has tied up with Common Service Centres which will provide access to about 95 per cent of gram panchayats in the country. As part of its effort to deliver much-needed life insurance protection cover to rural households and safeguard their loved ones [...]
Over 1,500 participants to attend Global Stainless-Steel Expo in Mumbai
New Delhi, Apr 9 (PTI) Over 1,500 participants from all over the globe will attend the Global Stainless-Steel Expo (GSSE) 2022 being held for the first time in Mumbai from April 12, a statement said. The three-day day event is supported by the Ministry of Steel and Jindal Stainless Limited (JSL), GSSE said on Saturday. [...]
CAI lowers cotton crop estimate to 335.13 lakh bales for 2021-22 season
Mumbai, Apr 9 (PTI) The Cotton Association of India (CAI) on Saturday reduced the cotton crop estimate by 8 lakh bales to 335.13 lakh bales for the 2021-22 season as the production in Gujarat, Telangana, Maharashtra and Karnataka is expected to decline. The total production during crop year 2020-21, stood at 353 lakh bales, the [...]
MARRIOTT INTERNATIONAL SIGNS AGREEMENT TO BRING THE GLAMOROUS ST. REGIS BRAND TO GOA
Set to Debut in 2022, the Iconic Brand Brings its Storied Heritage and Celebrated Traditions to India's Beloved Beach Paradise MUMBAI, India, April 9, 2022 /PRNewswire/ -- Marriott International, Inc. today announced the signing of an agreement with Ceres Hotels Private Limited to bring the storied St. Regis brand to Goa. Slated to open in [...]
Marriott to rename Leela hotel in Goa as St Regis Resort
Mumbai, Apr 9 (PTI) Global hospitality group Marriott International on Saturday said it has signed an agreement with Ceres Hotels to bring its St Regis brand to Goa. As part of the agreement, Leela Goa will be converted into St Regis Resort, Marriott International said in a statement. Spread across 49-acres, the hotel is located [...]
Akshata Murty says will pay all taxes in UK to avoid ‘distraction’
London, Apr 9 (PTI) Akshata Murty, the daughter of Infosys co-founder Narayana Murthy, has announced that she will pay UK taxes on all her income, including from India, to avoid the issue being a “distraction” for her husband – Chancellor Rishi Sunak. The 42-year-old entrepreneur has been at the centre of days of headlines after [...]
Majority of employers favour 4-day workweek: Report
Mumbai, Apr 9 (PTI) With a number of companies across the world proposing 4-day workweek for employees, a report has revealed that a majority of employers in India strongly agree that this model will help in reducing stress level. Over 60 per cent of the employers strongly agree that the new 4-day workweek model will [...]
Nimesh Patel becomes President of Builders Association of India
New Delhi, Apr 9 (PTI) Builders Association of India (BAI) on Saturday said that Nimesh Patel has been elected as its new President. The association has urged the government to address various issues such as huge rise in the material cost, lack of skilled manpower, need for a regulatory authority and industry status to the [...]
SJVN opens bridge near its hydro-power project in Uttarakhand
New Delhi, Apr 9 (PTI) State-run power producer SJVN Ltd on Saturday said that a bridge on the river Tons in Uttarakhand has become operational to ensure better connectivity in the region and support the activities of its Naitwar Mori Hydro Electric Project. The 60-MW Naitwar Mori Hydro Electric Project is expected to be completed [...]
New book tells rags to riches story of diamond tycoon Govind Dholakia
New Delhi, Apr 9 (PTI) A new book tells the rags to riches story of renowned diamond baron Govind Dholakia, who created a billion dollar company and shifted the epicentre of the trade out of Belgium to India."Diamonds are Forever, so are Morals", as told to engineer-scientist Arun Tiwari and educationalist Kamlesh Yagnik, claims to [...]
SII, Bharat Biotech cut COVID vaccine prices for private hospitals to Rs 225
New Delhi, Apr 9 (PTI) Vaccine majors Serum Institute of India (SII) and Bharat Biotech on Saturday said they have decided to cut prices of the precaution dose of their respective COVID-19 vaccines to Rs 225 per shot for private hospitals after discussion with the government. "We are pleased to announce that after discussion with [...]
NEWSALERT
Serum Institute, Bharat Biotech cut prices of COVID-19 vaccines for private hospitals to Rs 225 per dose after discussions with govt. PTI MSS MR MR
Akshata Murty says will pay all taxes in UK to avoid ‘distraction’
London, Apr 9 (PTI) Akshata Murty, the daughter of Infosys co-founder Narayana Murthy, has announced that she will pay UK taxes on all her income, including from India, to avoid the issue being a “distraction” for her husband – Chancellor Rishi Sunak. The 42-year-old entrepreneur has been at the centre of days of headlines after [...]
Delhi HC dismisses Red Bull’s plea to injunct Pepsi from using ‘Stimulates Mind…’ tagline for Sting
New Delhi, Apr 9 (PTI) The Delhi High Court has dismissed an application by Red Bull seeking to injunct Pepsi from using tagline "Stimulates Mind. Energizes Body." for its energy drink Sting. The court said plaintiff Red Bull has failed to establish a prima facie case in its favour and balance of convenience is also [...]
India gets market access for exporting banana, baby corn to Canada
New Delhi, Apr 9 (PTI) The government on Saturday said that the country has got the market access for exporting fresh banana and baby corn to Canada. The move is expected to benefit Indian farmers growing these crops and enhance the country's export earnings. Canada has given approval for export of fresh bananas with immediate [...]
SC accepts CEC recommendation on Goa-Tamnar transmission project
New Delhi, Apr 9 (PTI) The Supreme Court has accepted the Central Empowered Committee's (CEC) recommendation to utilise the existing 220 KV powerline alignment in Goa instead of cutting down fresh forest cover, to lay a new 400 KV line as part of the Goa-Tamnar transmission project. A bench of justices L Nageswara Rao and [...]
Castrol Announces Winners of Super Mechanic Contest 2021-22
New Delhi, Delhi, India – Business Wire India • Winners of the fourth edition were declared at a grand finale held in Delhi NCR • Record-breaking 140,000+ mechanics participated in this year’s edition of Castrol Super Mechanic conducted using physical and digital media • Over 24,000 mechanics from across the country were trained by Castrol [...]
Singapore investigates Indian business-linked education company
Singapore, Apr 9 (PTI) A Singapore High Court-appointed liquidator is investigating the affairs and divestment of assets of an education company linked to a Gurugram-based firm whose assets have been attached by the Enforcement Directorate (ED) in India. Last month, the Enforcement Directorate (ED) attached assets worth Rs 90.31 crore of Gurugram-based company Educomp Professional [...]
21 bids for 5 city gas licences
New Delhi, Apr 9 (PTI) Seven companies have put in 21 bids for licence to retail CNG to automobiles and piped cooking gas to households in five areas in states like Uttar Pradesh and West Bengal, oil regulator PNGRB said. The Petroleum and Natural Gas Regulatory Board (PNGRB) had offered five Geographical Areas (GAs), spread [...]
Assam exports jackfruit & green chilli to Dubai
Dhubri (Assam), Apr 9 (PTI) Assam has started export of jackfruit and green chilli to Dubai from here, officials said on Saturday. The consignment was flagged off by Dhubri Deputy Commissioner Anbamuthan MP on Friday evening from Bilasipara town for the Lokapriyo Gopinath Bordoloi Airport from where it will leave for Mumbai for its onward [...]
₹ 7.20 to ₹ 120.55: Multibagger Stock Gives 1500% Returns in 3 Years
Shares of Bigbloc Construction Limited gave multibagger returns of 1597.18% in the last three years. The share price surged from ₹ 7.20 per share to ₹ 120.55 per share during the said period. This means that if an investor would have invested ₹1,00,000 a year ago, the value of their investment would have been ₹ [...]
HDFC pares 3% stake in Bandhan Bank for Rs 1,521 cr
Housing finance major HDFC Ltd on Friday divested a little over 3 per cent stake in Bandhan Bank, garnering Rs 1,522 crore, through an open market transaction. The transaction comes days after HDFC announced a mega merger with its banking arm HDFC Bank. According to bulk deal data available with the BSE, Housing Development Finance [...]
SRM Alumna Conquers Antarctica through International Antarctic Expedition 2022
Kattankulathur, Tamil Nadu, India (NewsVoir) SRM Institute of Science and Technology (SRMIST) is proud to announce that its alumna Maanasa Gopal is part of the Climate Force International Antarctica Expedition 2022. She reached her destination and has planted the SRMIST flag in Antarctica soil. She has joined the extraordinary youth representing other countries to work [...]
Hurun-Grohe Announces the Czars of Real Estate in Chennai
Chennai, Tamil Nadu, India – Business Wire India Hurun Report today released the fifth year GROHE-HURUN India Real Estate Rich List 2021, a ranking of the most successful real estate entrepreneurs and inheritors in India, ranked by net worth proportionate to their ownership in their respective real estate businesses. The GROHE-HURUN India Real Estate Rich [...]
India’s dependence on Russia for defence and fertiliser is immense says top American diplomat
Washington, Apr 8 (PTI) India’s dependence on Russia for major defence equipment and supplies along with some other essential items like fertiliser is immense, a top American diplomat has told lawmakers ahead of the next week’s 2+2 ministerial meeting.US Deputy Secretary of State Windy Sherman, during her testimony before the House Foreign Affairs Committee, showed [...]
Flipkart launches Assam’s first grocery fulfilment centre
Guwahati, Apr 8 (PTI) E-commerce major Flipkart on Friday launched its first grocery fulfilment centre in Assam, to be run by an all-woman team, a top company official said.The facility, which was inaugurated at Palasbari near Guwahati, would be the second such grocery fulfilment centre of Flipkart helmed by women after the one in Coimbatore, [...]
Ruchi Soya repays entire loans of Rs 2,925 crore
Edible oil major Ruchi Soya on Friday said it has repaid Rs 2,925 crore loans to banks and has become a debt-free company. Baba Ramdev's Patanjali Ayurved-led Ruchi Soya has recently raised Rs 4,300 crore through its follow-on public offer, and the part of the proceeds has been utilised to repay the debt. Acharya Balkrishna, [...]
JNPA to operate Jalna dry port as multi-modal logistics park: Official
Mumbai, Apr 8 (PTI) Jawaharlal Nehru Port Authority (JNPA) on Friday said it is collaborating with the National Highways Authority of India to operate its Jalna dry port in the Maratha region as a multi-modal logistics park. JNPA operates the country's premier container port Jawaharlal Nehru Port. It already has a similar arrangement with NHAI [...]
Goyal seeks investments from Australia; assures better returns
Perth, Apr 8 (PTI) Seeking investments, Commerce and Industry Minister Piyush Goyal on Friday said India and Australia can enhance cooperation in areas such as skill development, education, services sectors, information technology, manufacturing and internet of things. He said Australian firms that would invest in India can own 100 per cent of their companies and keep [...]
Fortified rice decision in line with endeavours to improve nutrition levels: PM
New Delhi, Apr 8 (PTI) Prime Minister Narendra Modi said on Friday that the Union Cabinet's decision of supplying fortified rice through government schemes is in line with the endeavours to improve nutrition levels and further the welfare of women and the young population. To address the issue of malnutrition among the poor, the Centre [...]
For the first time, KVIC to sell ‘Made-in-Varanasi’ Pashmina products
New Delhi, Apr 8 (PTI) The Khadi and Village Industries Commission (KVIC) will sell 'Made-in-Varanasi' Pashmina products through its showrooms, outlets and online portal, an official statement said on Friday. "This is for the first time that Pashmina products are being produced outside the region of Leh-Ladakh and Jammu & Kashmir," the Ministry of Micro, [...]
Mandatory GST registration for onboarding online portal hurting smll traders: CAIT
New Delhi, Apr 8 (PTI) Traders' body CAIT on Friday reiterated its demand to abolish provision of mandatory GST registration for onboarding on any e-commerce portal. CAIT Secretary General Praveen Khandelwal said this provision is preventing large numbers of traders across the country from using e-commerce as another vertical to boost their trade. To address [...]
Kissflow to tap low code, no code biz, to set up offices overseas
Chennai, Apr 8 (PTI): Global software-as-a-service company - Kissflow Inc - has drawn up plans to set up offices overseas as part of tapping the USD 40-billion low code, no code software solutions business, a top company official said here on Friday. The city-based company on Friday presented German luxury BMW cars to each of [...]
Rohan Lifescapes to launch Rs 2,000-cr Borivali redevelopment project shortly
Mumbai, Apr 8 (PTI) Rohan Lifescapes, the largest re-developer of cessed buildings in the megapolis, is launching its biggest project in the northern suburb of Borivali on a six-acre plot which has a revenue potential of over Rs 2,000 crore. Rohan Lifescapes was founded by first-generation entrepreneur Harresh Mehta in 1996, and has so far [...]
CCEA approves distribution of fortified rice through govt schemes to tackle malnutrition
New Delhi, Apr 8 (PTI) In order to address the issue of malnutrition among the poor, the Centre on Friday announced that it will supply fortified rice through government schemes such as PDS and PM-POSHAN in three phases by 2024, a move that will cost the central exchequer Rs 2,700 crore per year. A decision [...]
FCRA: Statement of Objects & Reasons makes clear annual inflow doubled between 2010-19, says SC
New Delhi, Apr 8 (PTI) The Supreme Court Friday said the Statement of Objects and Reasons for the Foreign Contribution (Regulation) Amendment Act, 2020, makes it clear that the annual inflow of foreign contributions had almost doubled between 2010 and 2019 and many recipients had not utilised the same for the purposes for which they [...]
Bengal wagon industry bets on Railway’s plan to procure 30,000 units this year
Kolkata, Apr 8 (PTI) The Indian Railways’ plan to procure 30,000 wagons this year will boost manufacturers of the railway freight vehicle in West Bengal at a time when they are grappling with low capacity utilisation problem, officials said on Friday.As part of the railways’ plan to procure 90,000 wagons in the next three years [...]
PNB opens international banking unit at GIFT City in Gujarat
New Delhi, Apr 8 (PTI) Public sector lender Punjab National Bank (PNB) on Friday said it has opened its international banking unit at GIFT City in Gujarat. PNB's IFSC banking unit at GIFT City, Gandhinagar was inaugurated by MD and CEO Atul Kumar Goel, the bank said. The branch will cater to the customers' needs [...]
NSE co-location case: CBI opposes bail plea of Chitra Ramakrishna
New Delhi, Apr 8 (PTI) The CBI on Friday opposed the bail application of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in the NSE co-location case. The agency told Special Judge Sanjeev Aggarwal said that Ramkrishna was “highly influential” and may tamper with the documentary and digital [...]
LS member seeks railway project in Kerala
New Delhi, Apr 8 (PTI) Lok Sabha member V K Sreekandan has urged the central government to start a railways-related project at the 236 acres of unutilised land parcel in Kerala's Palakkad district that was acquired by the railways ministry more than ten years ago for setting up a rail coach factory. The land parcel, [...]
TCS-led consortium bags Rs 550 cr order for deploying 4G gears in BSNL network
New Delhi, Apr 8 (PTI) A TCS-led consortium has bagged a Rs 550 crore order from BSNL for deploying indigenously-designed 4G network, an official source said on Friday. The TCS consortium will initially deploy 6,000 mobile towers for BSNL 4G services. "TCS-led consortium has been given order worth Rs 550 crore to deploy 6,000 sites [...]
Card-less cash withdrawal facility across all banks’ ATM network soon: RBI
Mumbai, Apr 8 (PTI) In a bid to check fraud, the Reserve Bank on Friday decided to permit all banks to introduce card-less cash withdrawal through ATMs.Currently, card-less cash withdrawal through ATMs is a permitted mode of transaction offered by a few banks in the country on an on-us basis (for their customers at their [...]
Flipkart to launch Assam’s first grocery fulfilment centre
Guwahati, Apr 8 (PTI) E-commerce major Flipkart is set to launch its first grocery fulfilment centre in Assam, which will be run by an all-woman team, a top company official said on Friday.The facility, which will be inaugurated on Saturday at Palasbari near Guwahati, would be the second such grocery fulfilment centre of Flipkart helmed [...]
Sebi clarifies on validity period of omnibus approval for related party transactions
New Delhi, Apr 8 (PTI) Sebi on Friday clarified that shareholders' omnibus approval for related party transactions given in an annual general meeting will be valid up to the date of the next such meeting for a period not exceeding 15 months. In case of omnibus approvals for material related party transactions (RPTs), obtained from [...]
Tax revenues soar 34 pc to record Rs 27.07 lakh cr in FY22; tax-GDP ratio highest in 2 decades
New Delhi, Apr 8 (PTI) India's gross tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31, led by impressive growth in corporate tax and customs, taking the tax-to-GDP ratio to an over two-decade high of 11.7 per cent, Revenue Secretary Tarun Bajaj said on Friday. [...]
FCRA: Receiving foreign donation can’t be absolute or even vested right, says SC
New Delhi, Apr 8 (PTI)The Supreme Court Friday said that receiving foreign donations cannot be an “absolute or even a vested right” and by its very expression, it is a reflection on the constitutional morality of the nation as a whole being incapable of looking after its own needs and problems.The apex court said foreign [...]
RBI imposes penalties on Axis, IDBI Bank
Mumbai, Apr 8 (PTI) Reserve Bank of India on Friday said it has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines. The central bank has also slapped a fine of Rs 93 lakh on IDBI Bank. A monetary penalty of Rs 93 lakh has [...]
Cement demand expected to grow over 7 pc in 2022, says Ambuja Cements
New Delhi, Apr 8 (PTI) Ambuja Cements expects demand in the cement industry to grow over 7 per cent in 2022, adding it is "well-braced" to meet the requirements. The growth would be helped by factors such as infrastructure growth, demand for housing, increase in rural incomes and industrial growth, said Ambuja Cements, part of [...]
SC upholds constitutional validity of 2020 amendment to FCRA provisions
New Delhi, Apr 8 (PTI) The Supreme Court Friday upheld the validity of certain amendments to the provisions of the Foreign Contribution (Regulation) Act, 2010, which came into effect in September 2020, saying "the strict regime had become essential because of the past experience of abuse and misutilisation of foreign contribution.” Observing that receiving foreign [...]
Serum Institute’s Covishield precaution dose priced at Rs 600 per shot
New Delhi, Apr 8 (PTI) Vaccine maker Serum Institute of India (SII) on Friday said the precaution dose of its Covishield vaccine against COVID-19 will be priced at Rs 600 per shot for eligible individuals. SII CEO Adar Poonawalla also welcomed the government’s move to allow precaution dose of the vaccine to all aged above [...]
Vedanta Aluminium supplies first consignment of fly ash to ACC Cement
New Delhi, Apr 8 (PTI) Vedanta Aluminium on Friday said that it has supplied its first rake consignment of 4,000 tonnes of fly ash from Jharsuguda unit to one of the plants of ACC Cement for the production of low-carbon cement. The move which is a part of the company's waste-to-wealth initiative will ensure utilisation [...]
Cabinet approves continuation of Atal Innovation Mission till Mar ’23
New Delhi, Apr 8 (PTI) The Union Cabinet on Friday approved continuation of the Atal Innovation Mission (AIM) till March 2023, according to an official statement. The statement further said the intended targets that will be achieved by AIM include establishing 10,000 Atal Tinkering Labs (ATLs) as well as 101 Atal Incubation Centers (AICs), and [...]
RBI’s policy normalisation gets a leg up, say analysts
Mumbai, Apr 8 (PTI) Terming the RBI's move to shift focus on inflation management as "clearly hawkish compared to the previous reviews", economists and analysts on Friday said the monetary policy committee has hinted the beginning of the end of the three-year regime of easy money. The six-member Monetary Policy Committee (MPC) voted to hold [...]
NEWSALERT
India's sugar export may cross 80 lakh tonnes this marketing year, surpassing previous year's level: Food Secretary. PTI LUX BAL BAL
NEWSALERT
India contracts 30-35 lakh tonnes of wheat for export in April-July quarter: Food Secretary. PTI LUX BAL BAL
HarperCollins is proud to announce the book ‘Azad Nagar’
NEW DELHI, April 8, 2022 /PRNewswire/ -- HarperCollins is proud to announce Azad Nagar The Story of a 21st-Century Slave Revolt by Laura T. Murphy. "A brave and brilliant report on the tyranny of the caste system and continuing feudal practices in India's villages" —BASHARAT PEER "A powerful, damning account of economic growth, beautifully told [...]
BI WORLDWIDE India is Now Great Place to Work – Certified™
Bengaluru, Karnataka, India – Business Wire India BI WORLDWIDE India, a global leader in providing technology enabled solutions and marketing services in the loyalty and engagement domain, is now Great Place to Work - CertifiedTM for the period of February 2022 to February 2023. BI WORLDWIDE India earned Great Place to Work® Certification under ‘mid-size [...]
IHC to invest $2 bn in Adani Group’s green portfolio
Abu Dhabi-based conglomerate International Holding Company will invest USD 2 billion in three green-focused companies of Adani Group, helping tycoon Gautam Adani's units fund expansion plans. Adani Enterprises Ltd, the group's flagship firm, will get Rs 7,700 crore (USD 1.02 billion) by issuing preferential shares to IHC, while Adani Green Energy Ltd (AGEL) and Adani [...]
Tax collections soar 34 pc to record Rs 27.07 lakh cr in FY22; tax-GDP ratio highest in 23 years
New Delhi, Apr 8 (PTI) India's gross tax collections soared to a record high of Rs 27.07 lakh crore in the fiscal year ended March 31 as mop-up from income, corporate taxes, customs and GST jumped, taking the tax-to-GDP ratio to the highest in 23 years, Revenue Secretary Tarun Bajaj said on Friday. The tax-to-GDP [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 8 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 66682.00 66636.00 STANDARD GOLD (99.5) : 51583.00 51631.00 PURE GOLD (99.9) : 51790.00 51839.00 -------------------- PTI MUM SSBSSB SSB
Equity Mutual Funds see all-time high net inflow of Rs 28,463 cr in Mar
Equity mutual funds attracted an all-time high net inflow of Rs 28,463 crore in March, on continued interest by retail and HNI investors, who used market correction as a good buying opportunity. The net infusion, which also marks the 13th straight month of net inflow, indicates the underlying bullishness among investors despite record outflow by [...]
Faced with rising raw material costs, foundry industry seeks ban on pig iron exports
Kolkata, Apr 8 (PTI) The ailing foundry industry is facing a double whammy as units are witnessing a sharp rise in raw material costs and declining exports due to the Russian-Ukraine crisis, an official said on Friday. The industry, which is a key component feeder of metal castings to almost all engineering sectors, is seeking [...]
Cabinet clears signing of pact between Sebi, Mongolia’s FRC
New Delhi, Apr 8 (PTI) The Union Cabinet on Friday approved the signing of a pact between the Securities and Exchange Board of India (Sebi) and Mongolia's Financial Regulatory Commission (FRC). Sebi and FRC are co-signatories to the International Organization of Securities Commissions' Multilateral MoU (IOSCO MMoU), but there is no provision for technical assistance [...]
Sebi constitutes working groups to review MF’s sponsor eligibility, role of trustees
New Delhi, Apr 8 (PTI) Sebi on Friday formed two working groups to review the role and eligibility of a sponsor of a mutual fund to facilitate growth and innovation in the industry and to streamline the role and obligations of trustees of such financial instruments. The working group for reviewing the role and eligibility [...]
Vaishnavi Group sets a new benchmark in Bengaluru’s residential plotted development with its latest offering ‘Vaishnavi Life’
BANGALORE, India, April 8, 2022 /PRNewswire/ -- Vaishnavi Group, a renowned Bengaluru real estate developer with an enviable track record of over 23 years of ahead of schedule delivery, has announced the launch of 'Vaishnavi Life', a premium plotted development located at Yelahanka Extension, just 25 minutes from Hebbal flyover. Spread across 45+ acres, Vaishnavi [...]
IHC to invest $2 bn in Adani Group’s green portfolio
New Delhi, Apr 8 (PTI) Abu Dhabi-based conglomerate International Holding Company will invest USD 2 billion in three green-focused companies of Adani Group, helping tycoon Gautam Adani's units fund expansion plans.Adani Enterprises Ltd, the group's flagship firm, will get Rs 7,700 crore (USD 1.02 billion) by issuing preferential shares to IHC, while Adani Green Energy [...]
Sensex snaps 3-session slide as RBI maintains status quo; logs weekly loss
Mumbai, Apr 8 (PTI) Equity benchmarks posted smart gains on Friday after three days of losses as the RBI kept the policy rate unchanged at a record low and maintained its accommodative stance but flagged inflationary pressures amid the Russia-Ukraine war. The BSE Sensex climbed 412.23 points or 0.70 per cent to settle at 59,447.18. [...]
45,000 tons illegally mined coal seized in Meghalaya
Shillong, Apr 8 (PTI) Total 45,000 tons of illegally mined coal was seized in Meghalaya's East Jaintia Hills district after the high court pulled up the state government for its failure to check illegal mining, officials said on Friday.The seizures were made over the last three weeks, they said."Over 50,000 tons of coal was seized [...]
Rishabh Software Bags 9 Awards at World HRD Congress 2022
Vadodara, Gujarat, India (NewsVoir) The World HRD Congress recently announced the winners of the Global HR Excellence and Leadership Awards during the 30th edition of the event in Mumbai. Rishabh Software was recognized across five categories: Best COVID-19 Project Team, National Best Employer Brand, Dream Employer of the Year, Excellence in Learning & Development, and [...]
‘Homeopathy effective in management of long COVID’ shows patient data at Dr. Kalyan Banerjee’s Clinic
NEW DELHI, April 8, 2022 /PRNewswire/ -- Homeopathic treatment has proven effective in the management of several health disorders seen in patients for many months after recovering from Covid-19 infection ('Long Covid'), an analysis of patient data from the last two years at Dr. Kalyan Banerjee's Clinic in Delhi has shown. "We are currently treating [...]
SJVN spent over Rs 340 cr on CSR activities since inception
New Delhi, Apr 8 (PTI) State-run SJVN Ltd on Friday said it has spent over Rs 340 crore on various activities under corporate social responsibility, including education, health and infrastructural development, among others since its inception in 1988. "Since inception, SJVN has spent more than Rs 340 crore in various CSR activities in the verticals [...]
UIDAI, ISRO ink pact for technical collaboration
New Delhi, Apr 8 (PTI) Aadhaar-issuing body UIDAI and National Remote Sensing Centre (NRSC), ISRO have signed a pact for technical collaboration. NRSC would be developing 'Bhuvan-Aadhar' portal providing information and locations of the Aadhaar centres across India. The portal also provides a facility to search the relevant Aadhaar centres by location, based on residents' [...]
In sequence of priorities now, RBI shifts focus to inflation over growth: Das
Mumbai, Apr 8 (PTI) After three years of attempting to push growth, the Reserve Bank is shifting its policy priorities to tackle the rising inflationary pressures, Governor Shaktikanta Das said on Friday. He also made it clear that while the policy stance remains accommodative, efforts will be focused on withdrawal of the easy policies which [...]
Ruchi Soya jumps nearly 15 pc after listing of FPO shares
New Delhi, Apr 8 (PTI) Stock of Ruchi Soya Industries on Friday jumped nearly 15 per cent after listing of shares of the company pursuant to its Follow on Public Offer (FPO). The stock zoomed 12.94 per cent to settle at Rs 924.85 on BSE. During the day, it jumped 14.79 per cent to Rs [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 8 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 802.00 COPPER HEAVY SCRAPS 792.00 COPPER ARMATURE (CREDIT) 775.00 COPPER UTENSILS SCRAP 715.00 CC ROD 847.00 CC ROD (RECYCLED) 801.00 BRASS :- BRASS SHEET CUTTING 578.00 BRASS UTENSIL SCRAP 543.00 BRASS HONEY 516.00 [...]
RBI says sensitive to economic sanctions on Russia, no formal rupee-rouble payment platform in place yet
Mumbai, Apr 8 (PTI) The Reserve Bank is working with the government to thrash out a payment settlement solution for Indo-Russian trade, which is hit by the economic sanctions imposed on Moscow after it invaded Ukraine, but asserted that any such solution will be 'sensitive' to the prevailing economic blockade, the central bank said.RBI Governor [...]
Industry welcomes RBI move to keep policy rates unchanged
New Delhi, Apr 8 (PTI) Welcoming the RBI's move to keep the borrowing costs unchanged on Friday, India Inc said the central bank has maintained a fine balance to support growth as well as keep inflation within the target range amid geopolitical worries. The Reserve Bank of India (RBI) kept borrowing costs unchanged at a [...]
Infogain opens global delivery center in Uruguay
New Delhi, Apr 8 (PTI) Technology solutions provider Infogain on Friday announced the opening of its delivery center in Montevideo, Uruguay. The center, Infogain's seventh center globally, marks the company’s entry into Latin America and adds to its nearshore capabilities. Infogain, in a statement, said it has opened a new global delivery center in Montevideo, [...]
Govt approves scheme to distribute fortified rice under govt programmes
New Delhi, Apr 8 (PTI) The Union Cabinet on Friday approved a scheme to distribute fortified rice under government programmes in three phases, Information and Broadcasting Minister Anurag Thakur said. FCI and state agencies have already procured 88.65 LMT of fortified rice for supply and distribution. Giving details to media after the Cabinet meeting, Thakur [...]
‘Asian Paints Where The Heart Is’ Season 5 is a Resounding Success with the Highest Views for the Series
Season 5 that puts the focus on celebrity homes with a personal touch, surpasses the views and engagement of the previous season by 28% with over 140 million views on YouTube Mumbai, Maharashtra, India (NewsVoir) ‘Asian Paints Where The Heart Is’, has wrapped up another successful season for the eponymous web series. Season 5 explores [...]
Blue Blocks School launches first-of-its-kind Biomimicry Lab for its students
HYDERABAD, India, April 8, 2022 /PRNewswire/ -- Blue Blocks, a K-12 school in Hyderabad, inaugurated a first-of-its-kind Biomimicry Lab within the school premises to encourage primary school children to understand, experiment, and learn using nature as inspiration. Children are born nature lovers. It's nature which nurtures the young brains the most. They are born with [...]
OILSEEDS PRICES
APRIL 8, 2022 MUMBAI, (PTI) OILS (per 10 Kgs) OILS (per 10 Kgs) G.Nut Raw 1610.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1600.00 Sunflower Exp.Ref. 1680.00 Cottonseed(Refined) 1575.00 Refined Palm Oil 1450.00 Soyabean Ref. 1495.00 Imp.Soyabean Crude - Rapeseed Ref. 1500.00 Rapeseed Exp. 1470.00 Copra white 1530.00 Rice Bran 4-7% FFA - Rice [...]
Daikin opens Institute of Manufacturing Excellence at Neemrana
New Delhi, Apr 8 (PTI) Air conditioner maker Daikin India on Friday inaugurated the Daikin Japanese Institute of Manufacturing Excellence (DJIME) at Neemrana in Rajasthan with an aim to train 1.50 lakh Indian youth by 2025. DJIME aims to offer training programmes based on a curriculum that will include on-the-job training, HVAC (Heating, ventilation, and [...]
NEWSALERT
Cabinet approves distribution of fortified rice through PDS and other govt schemes in three phases: Union minister Anurag Thakur. PTI NKD MJH CS MR
Cadila Pharma launches three-dose rabies vaccine
Ahmedabad, Apr 8 (PTI) Pharmaceutical major Cadila Pharmaceuticals on Friday announced that it has developed the world's first novel three-dose vaccine against rabies. The three-dose vaccine, named as 'ThRabis', is a recombinant nano-particle based G protein vaccine which is prepared using Virus-like Particle technology, the company said in a release, adding that the three-dose schedule [...]
Tesla holds huge by-invitation-only party to launch ‘humongous’ factory in Texas
Houston, Apr 8 (PTI) Amidst fireworks, carnival games, music and futuristic technology, multi-billionaire Tesla CEO Elon Musk threw a grand invitation-only party for some 15,000 guests at the company's new billion-dollar-plus “Gigafactory” in Austin, capital of the US state of Texas. “Cyber Rodeo at Giga Texas” was attended by invited guests and hosted by Musk [...]
RBI trims FY23 growth forecast to 7.2% amid geopolitical uncertainties
Mumbai, Apr 8 (PTI) The Reserve Bank on Friday slashed economic growth projection to 7.2 per cent for the current fiscal from 7.8 per cent estimated earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing Russia-Ukraine war.However, the central bank asserted that it will use all available tools to defend [...]
PEPPER COPRA CLOSING RATE
MUM PEPPER COPRA CLOSING RATES MUMBAI, APR 8 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 96000 COPRA OFFICE KOZIZODE 94000 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1750 T.P ------------ PTI MUM [...]
Japan recognises Covaxin to facilitate travel from April 10: Bharat Biotech
New Delhi, Apr 8 (PTI) Japan has included Bharat Biotech's Covaxin in the list of recognised vaccines, a move aimed at facilitating travel between the two countries. "The Government of Japan has included Bharat Biotech's Covaxin in the list of recognised vaccines to further facilitate travel from India to Japan starting April 10, 2022," Bharat [...]
Force Motors joins hands with ASDC to enhance skill set of dealership employees
New Delhi, Apr 8 (PTI) Force Motors on Friday said it has tied up with the Automotive Skills Development Council (ASDC) to recruit and to enhance skill set of the workforce at its dealerships. A service agreement in this regard was inked between the two entities on Friday, the Pune-based company said in a statement. [...]
Tea retailer Golden Tips plans to expand network through strategic partnerships
Kolkata, Apr 8 (PTI) Tea retailer Golden Tips plans to expand its footprint through the e-commerce route by entering into strategic partnerships in the country and widen its reach in export markets through distributor tie-ups overseas, an official said on Friday.The company is also focusing on broadening its presence in physical retail operations across metros [...]
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