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Defence stock hits 5% lower circuit after announcing Q2 results
During Friday’s morning trading session, the shares of one of the leading shipbuilding and repair yards in India hit a 5 percent lower circuit at Rs. 1,449.4 on BSE, after the company reported muted Q2 FY25 results with low EBITDA margins. With a market cap of Rs. 38,375.6 crores, at 11:21 a.m., the shares of [...]
AI stock jumps 18% after reporting 45% YoY Increase in revenue
Shares of India's first publicly listed premium LangTech Consulting company, which provides a range of services including IT, technology implementation, localization solutions, and consulting services, surged 18 percent on Friday morning after the company reported a 45 percent YoY increase in revenue and strong net profit growth in its latest quarterly results. Share Price Movement [...]
Mukul Agrawal stock to buy now for an upside of 35%; Do you own it?
According to InvestingIndia, the Other Agricultural Products industry in India plays a vital role in the nation's economy, contributing significantly to agricultural exports, which reached $50.2 billion in FY 2022-23. The sector encompasses diverse products, with an estimated production of 395.93 lakh tonnes of oilseeds and 352.23 million tonnes of horticultural produce in 2023-24. With [...]
Smallcap stock jumps 10% after its revenue increases by 27% YoY
Shares of this small-cap engaged in manufacturing Polyester Films, Polyester Chips, Specialty Polymers, and Engineering Plastic compounds surged over 10 percent on Thursday after the company reported a 27 percent YoY increase in revenue, along with strong net profit growth in its latest quarterly results. Share Price Movement During Thursday’s trading session, Ester Industries Ltd's [...]
4 Stocks under ₹30 in which FIIs have increased their stake by 27% in Q2
Investing in Indian stocks under Rs. 30 is popular due to its affordability, high growth potential, and appeal to both long-term value seekers and short-term traders. These low-priced stocks allow small investors to enter the market, diversify, and even acquire large volumes, which can yield high returns if the companies succeed. FIIs are crucial to [...]
Solar pump stock in focus after receiving ₹35 Cr order for solar pumps from Haryana Govt.
Green Energy stock engaged in manufacturing, supplying, installing, and commissioning solar panels, solar pumps, and other related things in focus upon receiving new work orders worth Rs. 34.51 Crores for supply of solar pumps. Price Action With a market capitalization of Rs. 2298 Crores, the shares of Alpex Solar Limited were trading at Rs 938.70 [...]
IT Stock in Focus after securing contract from Chennai Metro for Automated Fare Collection
Shares of this IT company gained investor attention on Thursday following the announcement of a contract with Chennai Metro Rail Corporation Limited (CMRL) to supply advanced Automated Fare Collection (AFC) systems for Phase II of the Chennai Metro project. Price Movement In Thursday’s trading session, Aurionpro Solutions's share price opened at a high of Rs.1,708.00 [...]
Tata group stock jumps after it partners with Noida International Airport for wind power project
The shares of the leading power generation company jumped 1.2 percent after the company entered into a strategic partnership for renewable energy integration with Noida International Airport (NIA). With a market capitalization of Rs 1.04 lakh crore, the shares of Tata Power Company Ltd closed at Rs 445.40 per share, decreased around 0.87 percent as [...]
Infra stock jumps 3% after receiving order worth ₹250 Cr from Anant Raj
The shares of one of the leading construction companies gained up to 3 percent after the company obtained a prestigious work order from Anant Raj Limited worth Rs 250 crore. B.L.Kashyap & Sons Ltd has a market capitalization of Rs 1,822.01 crore, the shares were trading at Rs 80.83 per share, decreasing around 2 percent [...]
Defence stock in focus after receiving orders worth ₹62 Cr from Min. of Defence
Defence stock engaged in designing, developing, manufacturing, and testing a variety of defence and space engineering products in focus upon receiving work orders worth ~Rs. 62 Crores from the Ministry of Defence. Price Action With a market capitalization of Rs. 4,303 Crores, the shares of Paras Defence and Space Technologies Limited were trading at Rs. [...]
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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
Gabon ‘greedy’ for investments from India: Minister Madiya
Libreville (Gabon), Apr 7 (PTI) Resource-rich Gabon is "greedy" for investments from India and is expected to sign a bilateral trade and investment treaty later this year with India to further improve the bilateral economic ties, Foreign Investment Minister Hugues Mbadinga Madiya has said.Located on the west coast of Africa, Gabon is fast emerging as [...]
Starbucks partners with Sabyasachi to launch limited-edition merchandise
New Delhi, Apr 7 (PTI) Tata Starbucks on Thursday announced a partnership with leading designer and couturier Sabyasachi Mukherjee to launch limited-edition lifestyle drinkware. The 'Sabyasachi + Starbucks' collection will feature a range of lifestyle drinkware including ceramic mugs and stainless-steel tumblers, said a joint statement. As part of the tie-up, both Starbucks and Sabyasachi [...]
HDFC Bank’s total loans in Assam cross Rs 7,000cr
Guwahati, Apr 7 (PTI) HDFC Bank on Thursday said its total advances in Assam grew by over 12 per cent in the last year and crossed the Rs 7,000-crore mark.As of December 31, 2021, the lender's total advances, including all loans to various customers in retail, corporate, MSME and microfinance sectors, in the northeastern state [...]
FM meets top executives of Canada Pension Plan Investment Board, Schneider Electric
New Delhi, Apr 7 (PTI) Finance Minister Nirmala Sitharaman on Thursday met top executives of Canada Pension Plan Investment Board and Schneider Electric and discussed investment opportunities in the country."Union Finance Minister Smt @nsitharaman met Mr John Graham, President and Chief Executive Officer, Canada Pension Plan Investment Board @cppinvestments, in New Delhi, today," the Finance [...]
BTR chief seeks support from NEDFi for growth of agri, rural dev, textiles
Guwahati, Apr 7 (PTI) The Bodoland Territorial Region (BTR), an elected autonomous body in the Bodo-dominated areas of Assam, on Thursday asked the central government-run public financial institution NEDFi to extend support to the priority sectors like agriculture, rural development, handloom and textiles.Chief Executive Member of BTR Pramod Boro also sought NEDFi's cooperation to accelerate [...]
Expansion of trade, economy in India, Aus to provide huge opportunities for students: Goyal
Sydney, Apr 7 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday said the trade pact between India and Australia would help expand the economies of both countries, thus providing huge opportunities for students. He said education is an important element both in the current and future engagements with Australia. “So as trade and economy [...]
Zee Entertainment shares fall over 2 pc as Invesco funds to divest up to 7.8 pc stake
New Delhi, Apr 7 (PTI) Shares of Zee Entertainment Enterprises Ltd declined over 2 per cent on Thursday, a day after Invesco funds decided to divest up to 7.8 pc stake in the company. The stock went lower by 3.38 per cent to Rs 281.10 during the day on the BSE. It ended at Rs [...]
NITI Aayog likely to roll out ‘Battery Swapping Policy’ by December
New Delhi, Apr 7 (PTI) Government think tank NITI Aayog is likely to roll out a 'Battery Swapping Policy' by December this year, a senior government official said on Thursday. "The Battery Swapping Policy is likely to be rolled out by December," Sudhendu Jyoti Sinha, adviser (Infrastructure Connectivity-Transport and Electric Mobility), NITI Aayog told PTI. [...]
5 Small cap companies that gave multibagger returns in a year
Small-cap companies in the Indian context are those companies that have a market capitalization of ₹5000 crores or less. These companies are usually small in size but have huge growth potential. In general, these companies cover about 5% of the total money that is circulating in the stock market. A few small-cap companies have given [...]
India has strong defence against cyber attacks: Power minister R K Singh
New Delhi/Beijing, Apr 7 (PTI) Power Minister R K Singh on Thursday said the country has a strong defence against any kind of cyber attacks, amid reports of Chinese state-sponsored hackers targeting power grid in Ladakh. "Our defence against cyber attack is strong. These were probing attacks in December, January and February. They did not [...]
Tata group launches super app Tata Neu
New Delhi, Apr 7 (PTI) Tata group on Thursday launched its super app Tata Neu bringing all its brands in one platform as it seeks to play a major role in the Indian e-commerce space currently dominated by the likes of Amazon and Flipkart. In a social media post, Tata Sons Chairman N Chandrasekaran said [...]
Axis Bank inks USD 150 mn partial guarantee pact with ADB to support supply chain financing
New Delhi, Apr 7 (PTI) Axis Bank on Thursday said it has collaborated with Asian Development Bank (ADB) for a partial guarantee programme with initial outlay of USD 150 million (Rs 1,139.85 crore), aimed at supporting supply chain financing for impact sectors. Special focus will be towards ESG and priority sectors. Axis Bank has signed [...]
Indian economy in good shape on high GDP growth, foreign exchange reserve: Jalan
New Delhi, Apr 7 (PTI) The Indian economy is in good shape as the country's GDP growth rate and foreign exchange reserve are high, former RBI Governor Bimal Jalan said on Thursday.Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Jalan said it is not going to affect India's [...]
Toshiba Infrastructure Systems & Solutions Corporation bags contract from L&T
New Delhi, Apr 7 (PTI) Toshiba Infrastructure Systems & Solutions Corporation (TISS) on Thursday said it has bagged a contract from Larsen & Toubro (L&T) for a large-scale ozone treatment system at Chandrawal Water Treatment Plant in the national capital. The project is funded by Japan International Cooperation Agency (JICA) under the Delhi Water Supply [...]
Sensex, Nifty join global selloff on US Fed rate hike fears
Mumbai, Apr 7 (PTI) Declining for the third straight session, equity benchmark Sensex tumbled over 575 points on Thursday, tracking heavy losses in index-heavyweights HDFC twins, TCS, and Reliance Industries amid a selloff in global equity markets.US Fed meeting minutes indication to a faster than expected policy rate hike to fight elevated inflation and surging [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 7 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 66074.00 66019.00 STANDARD GOLD (99.5) : 51423.00 51583.00 PURE GOLD (99.9) : 51630.00 51790.00 -------------------- PTI MUM SSBSSB SSB
Walton Street BlackSoil Real Estate Debt Fund invests Rs 75 cr in Mumbai project
New Delhi, Apr 7 (PTI) Walton Street BlackSoil Real Estate Debt Fund II (WSBREDF – II) on Thursday said it has invested Rs 75 crore in Vakratunda Buildcon for construction of a project in Mumbai. Vakratunda Buildcon Pvt Ltd is a joint venture between Shapoorji Pallonji Group and Vakratunda Group. The funds will be utilised [...]
10 states given permission to borrow additional Rs 28,204 cr for power sector reforms last fiscal
New Delhi, Apr 7 (PTI) The finance ministry on Thursday said 10 states were given the permission to borrow an additional Rs 28,204 crore in FY22 for undertaking power sector reforms.The 10 states are Andhra Pradesh, Assam, Himachal Pradesh, Manipur, Meghalaya, Odisha, Rajasthan, Sikkim, Tamil Nadu and Uttar Pradesh."Department of Expenditure, Ministry of Finance, has [...]
Jobaskit Wins Accolades for its Smart Recruitment Solutions Involving Human and Artificial Intelligence
Chennai, Tamil Nadu, India (NewsVoir) • The patent-pending Collaborative Intelligence (CI)-based screening and filtering solution enhances the possibility of identifying recruitable talent, far better than the traditional online job portals that rely only on automation Jobaskit.com, a tech startup offering smart recruitment solutions, is winning accolades for its disruptive Software as a Service solution that [...]
Instoried secures USD 200 mn investment commitment from GEM
New Delhi, Apr 7 (PTI) AI-enabled content platform Instoried on Thursday said the US-based investment group GEM has committed USD 200 million (about Rs 1,500 crore) investment in the company. GEM will subscribe to the shares of Instoried whenever it goes public within a period of three years, Instoried founder and CEO Sharmin Ali said [...]
CPRI gets NABCB accreditation to certify certain electrical equipment
New Delhi, Apr 7 (PTI) The Central Power Research Institute (CPRI) has received accreditation from the National Accreditation Board for Certification Bodies (NABCB) to certify certain electrical equipment. With the accreditation, manufacturers who obtain test certificates from CPRI would be able to export their products without the requirement of retesting or authentication by any other [...]
Balmer Lawrie aims at Rs 6,000cr topline by FY26: CMD
Kolkata, Apr 7 (PTI) Diversified PSU Balmer Lawrie & Co is targeting a revenue of Rs 6,000 crore by 2025-26, Chairman and Managing Director Adika Ratna Sekhar said.The company hopes to touch a sales figure of Rs 2,000 crore in 2020-21 as against Rs 1,592 crore in the previous fiscal, he said."We are expecting to [...]
Merck Foundation Marks World Health Day 2022 by Transforming Patient Care by Providing 1300 Scholarships to Doctors from Africa and Beyond
Mumbai, Maharashtra, India & Cairo, Egypt– Business Wire India • Merck Foundation contributes to the development of Africa in key sectors such as health, education, awareness, and economic empowerment.• Merck Foundation provided more than 1300 scholarships for doctors from 50 countries.• Merck Foundation has been recently recognized as the 2022 NGO of the Year, the [...]
Shakti Pumps gets maiden patent for unidirectional solar water pump
New Delhi, Apr 7 (PTI) Shakti Pumps has got its maiden patent for a unidirectional solar water pump with grid-tied power generation capabilities. According to the provisions of the Patents Act 1970, the patent has a validity of 20 years from the date of filing. "Shakti Pumps (India) Limited, India's leading manufacturer of energy-efficient pumps [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 7 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 797.00 COPPER HEAVY SCRAPS 787.00 COPPER ARMATURE (CREDIT) 772.00 COPPER UTENSILS SCRAP 710.00 CC ROD 835.00 CC ROD (RECYCLED) 796.00 BRASS :- BRASS SHEET CUTTING 577.00 BRASS UTENSIL SCRAP 539.00 BRASS HONEY 517.00 [...]
Bank of Maharashtra to divest entire 4% stake in ISARC
New Delhi, Apr 7 (PTI) Public sector lender Bank of Maharashtra on Thursday said it will divest its entire stake of 4 per cent in India SME Asset Reconstruction Company for nearly Rs 4 crore. Bank of Maharashtra (BoM) has executed a share purchase agreement dated April 6, 2022 for sale of entire equity stake [...]
THIP Media launches WhatsApp chatbot for health info, fact check
New Delhi, Apr 7 (PTI) THIP Media, information media division of The Healthy Indian Project, has launched health-information and fact-checking chatbot on WhatsApp, according to a statement on Thursday. Health information and fact checking platform THIP Media has announced the new chatbot 'Ask RAKSHA' on WhatsApp, coinciding with the World Health Day. An acronym for [...]
Delhi-NCR sees over 2.5 fold jump in office leasing during Jan-Mar at 1.8 mn sq ft: Report
New Delhi, Apr 7 (PTI) The gross leasing of office space in Delhi-NCR market jumped more than 2.5 times to 1.8 million square feet during January-March on improved demand from corporates and co-working operators, according to Colliers. Office leasing stood at 7,00,000 square feet in the January-March period of last year. The new supply of [...]
MUM PEPPER COPRA CLOSING RATES
MUMBAI, APR 7 (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 SVC SVC
Pfizer offers voluntary retirement scheme for field staff
New Delhi, Apr 7 (PTI) Drug firm Pfizer Ltd on Thursday offered a voluntary retirement scheme (VRS) for its field staff as part of expanding its digital capabilities and revamping talent strategy. Over the past few years, the company has been on a journey to reshape itself into a more growth-oriented and innovative biopharma company, [...]
OILSEEDS PRICES
APRIL 7, 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 1455.00 Soyabean Ref. 1500.00 Imp.Soyabean Crude - Rapeseed Ref. 1500.00 Rapeseed Exp. 1470.00 Copra white 1530.00 Rice Bran 4-7% FFA - Rice [...]
UK Opposition questions tax status of Narayana Murthy’s daughter
London, Apr 7 (PTI) The UK Opposition has questioned the non-domicile tax status of India-born Akshata Murty, daughter of Infosys co-founder Narayana Murthy, and demanded an urgent explanation from her husband – UK Chancellor Rishi Sunak. A non-domicile status means Akshata Murty, who owns shares in Infosys, is not legally bound to pay tax in [...]
CNG price increased again; 10th hike in a month takes total rise to Rs 13.1
New Delhi, Apr 7 (PTI) CNG prices in the national capital on Thursday were hiked by Rs 2.50 per kilogram - the 10th increase in rates in the last one month. CNG in the National Capital Territory (NCT) of Delhi now costs Rs 69.11 per kg, up from Rs 66.61 per kg, according to the [...]
Number of Indian students in US rose by 12%, from China dropped by 8%
Washington, Apr 7 (PTI) The number of Indian students in the United States increased by over 12 per cent in 2021, while those from China, which accounts for the largest number, dropped by more than eight per cent, according to an official report. In its annual report released on Wednesday, the US Citizenship and Immigration [...]
Kalpataru to develop 6 lakh sq ft premium commercial project in Mumbai
New Delhi, Apr 6 (PTI) Realty firm Kalpataru Ltd on Thursday said it will develop a commercial project, comprising 6 lakh square feet of office and retail spaces, in Mumbai. The company did not disclose the total investment to develop this commercial project. Kalpataru Ltd said in a statement that it has launched 'Kalpataru Summit', [...]
P2P commerce platform Rozana raises $2.5 million
New Delhi, Apr 7 (PTI) Startup Rozana on Thursday said it has raised USD 2.5 million (nearly Rs 20 crore) in a funding round co-led by 3one4 Capital and Europe's IEG-Investment Banking Group.The funding round also saw participation from angel investors, including Manisha Girotra, Board Member and CEO of Moelis, Prosus (formerly Nasper) and SK [...]
Expansion of trade, economy in India, Aus to provide huge opportunities for students: Goyal
Sydney, Apr 7 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday said the trade pact between India and Australia would help expand the economies of both countries, thus providing huge opportunities for students. He said education is an important element both in the current and future engagements with Australia. “So as trade and economy [...]
DBS Bank India partners with Social Alpha to find innovative solutions to tackle food loss and wastage
• An estimated 50 kg of household food is wasted per person per year in India*. • Program highlights DBS' ongoing initiative Towards Zero Food Waste (TZFW) • The joint initiative with Social Alpha - 'Techtonic Innovations Towards Zero Food Waste' supports innovative technologies and solutions to combat food loss and food waste. MUMBAI, India, [...]
IPQ 4.0 Reveals 1 in 2 Urban Indian Seek Fitness Apps when Purchasing Life Insurance
New Delhi, Delhi, India (NewsVoir) • 76% urban Indians are fitness conscious • 62% are anxious about their mental health and wellbeing • 35% purchased critical illness rider; significant sign of enhancing life insurance Max Life Insurance Co. Ltd. (“Max Life”) in association with Kantar recently unveiled the India Protection Quotient 4.0 survey. Tapping 5,729 [...]
Suzuki Motorcycle drives in all new V-Strom SX tagged at Rs 2.11 lakh
New Delhi, Apr 7 (PTI) Suzuki Motorcycle India on Thursday said it has launched a 250cc sports adventure tourer V-Strom SX in the India market priced at Rs 2.11 lakh (ex-showroom, Delhi). The introduction marks the company's foray into the 250cc sports adventure tourer segment. The bike is best suited for daily commute, long highway [...]
Zypp Electric elevates Tushar Mehta as Co-Founder, COO
Mumbai, Apr 7 (PTI) Zypp Electric, which operates in the last-mile delivery segment, on Thursday said it has elevated Tushar Mehta as Co-Founder and Chief Operating Officer (COO) to drive its business and growth amid the company's plans to grow its revenue 100X by 2025.Mehta has formerly been associated with Ola Cabs and e-commerce platform [...]
Shares of Yes Bank surge 25.31% in a week; What is the reason behind this rally?
Shares of Yes Bank rallied 11% to ₹16.25 apiece on Thursday’s early trade. The shares hit a new 52 week high after CARE Ratings upgraded the lender's credit rating for its infrastructure bonds worth ₹5000 crores from ‘BBB’ to ‘BBB’ plus. Its lower Tier II Bonds and Tier II Bonds (Base III) too have received [...]
NCLT approves Tata Steel Mining’s resolution plan for Rohit Ferro-Tech
New Delhi, Apr 7 (PTI) Tata Steel on Thursday said the Kolkata bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by its wholly-owned subsidiary Tata Steel Mining Limited, for the acquisition of debt-laden Rohit Ferro-Tech Limited. On June 6, 2021, Tata Steel had informed that the Committee of Creditors [...]
India to invite bids for 2GW offshore wind energy projects soon: RK Singh
New Delhi, Apr 7 (PTI) Power Minister RK Singh on Thursday said India will soon invite bids for 2,000 MW offshore wind energy projects."Our journey is incomplete without offshore wind energy. We will bring bids for 1,000 MW in Gujarat and after that 1,000 MW in Tamil Nadu," Singh said at Clean Energy Ministerial Meeting [...]
Hindustan Coca-Cola Beverages to set up 2nd plant in T’gana, to invest Rs 600 Cr in 1st phase
Hyderabad, Apr 7 (PTI): Hindustan Coca-Cola Beverages (HCCB), Coco-Cola India's bottling arm on Thursday said it will be setting up a second factory in Telangana with an investment outlay of Rs 600 crore in the first phase. The FMCG company will be building a state-of-the-art, digitally enabled, automated, smart factory that will manufacture juices, enhanced [...]
Guar seed futures decline amid ample supplies
New Delhi, Apr 7 (PTI) Guar seed prices on Thursday declined by Rs 32 to Rs 6,642 per 10 quintals in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery fell by Rs 32 or 0.48 per cent at Rs 6,642 per 10 quintals with an open interest of [...]
Guar gum futures fall on low demand
New Delhi, Apr 7 (PTI) Guar gum prices on Thursday fell by Rs 207 to Rs 13,205 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 207 or 1.57 per [...]
Govt mandates vehicles’ fitness testing via automated stations in phased manner from Apr 2023
New Delhi, Apr 7 (PTI) The government has made fitness testing of vehicles through Automated Testing Stations (ATS) mandatory in a phased manner starting April next year. In an official statement, the Road Transport and Highways Ministry (MoRTH) said that fitness testing for heavy goods vehicles and heavy passenger motor vehicles through an ATS will [...]
Dyninno Travel Says US-India Air Ticket Sales Surpass Pre-Pandemic Level
GURUGRAM, India, April 7, 2022 /PRNewswire/ -- Dyninno Travel, operating International Travel Network, ASAP tickets, and other travel brands, today said that airline ticket sales between the US and India grew four times in the first quarter 2022 as against the corresponding period in 2019. The airline ticket sales of Dyninno Travel grew three times [...]
Predict your Investment Returns with the Bajaj Finance FD Calculator and Get FD Rates up to 7.05 Percent p.a.
Pune, Maharashtra, India (NewsVoir) With global forces continuously interfering with local indexes, returns on investment with market-linked instruments might be elusive. With a fixed-income instrument like the Bajaj Finance Fixed Deposit, investors can invest online in FD and precisely forecast their earnings. Bajaj Finance even has an online FD calculator to help investors plan for [...]
Bosch Global Software Technologies (BGSW) Expands to Pune; Plans to Recruit over 3000 Skilled Personnel to Power Regional Business Growth in the Western State of India
Pune, Maharashtra, India – Business Wire India • BGSW will collaborate with top universities to recruit talent and expand its footprint in India • The company aims to create Centers of Excellence (CoEs) specialized in AI, ML, IoT, Industry 4.0, cyber security and more in an advanced center in Pune Bosch Global Software Technologies (BGSW), [...]
Crude oil futures decline on low demand
New Delhi, Apr 7 (PTI) Crude oil futures on Thursday dropped by 0.51 per cent to Rs 7,356 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 38 or 0.51 per cent to Rs 7,356 per barrel with a business volume [...]
Transfiguring the Society with Social, Emotional and Ethical Skills
New Delhi, Delhi, India (NewsVoir) SEE Learning India - a collaborative effort between Max India Foundation and Emory University - is committed to bringing to fruition His Holiness the Dalai Lama’s vision of integrating the importance of social, emotional and ethical skills into mainstream formal education. The COVID-19 pandemic has amplified the importance of the [...]
QuikOn – A Hyderabad Based Digital Payment Platform Launched by Tollywood Superstar Mahesh Babu
Hyderabad, Telangana, India (NewsVoir) With India going heavy on digital, mobile wallets have been the go-to interface for almost every kind of monetary transaction. Here comes QuikOn, as revolutionary as it can get, with secure, fast, and unique UPI payment features. It’s a matter of pride for Hyderabad to give India a mobile wallet of [...]
Odisha introduces ‘Sex Sorted Semen’ technology to boost dairy sector
Bhubaneswar, Apr 7 (PTI) Odisha government has launched the 'Sex Sorted Semen' technology under the artificial insemination programme in a bid to boost the state's dairy sector and enhance the income of farmers. The technology will ensure up to 90 per cent chance of production of female calves with high genetic merit along with reduction [...]
Goyal suggests Cochlear Ltd to set up manufacturing base in India
Sydney, Apr 7 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday suggested Cochlear Ltd, a global leader in making hearing aids, to set up a manufacturing base in India, as by doing so the company would get a huge market for domestic sales as well as for exports to other countries. Sydney-based Cochlear is a global [...]
Lupin completes acquisition of portfolio of brands from Anglo-French Drugs & Industries
New Delhi, Apr 7 (PTI) Drug maker Lupin on Thursday said it has completed the acquisition of a portfolio of brands from Anglo-French Drugs & Industries Limited (AFDIL) and its associates. The acquisition will strengthen the company's India formulation business by adding a fast-growing portfolio of vitamins, minerals, supplements and neurological products, the Mumbai-based drug [...]
MGR-COMMODITIES
Bengaluru, Apr 7 (PTI) Following are Thursday's commodities prices (All rates in Rs/quintal): Rice Fine 4400-5400: Medium 3600-4400: Jowar 2800-4000: Jaggery cube 3800-4000: Jaggery ball 4500-4800: Coriander Seed 13000-15000: Chilies fine 20000-30000: Potato Big 1400-1600: Medium 1200-1400: Onion Big 1200-1400: Medium 800-1200: Small 400-800: Tamarind 6000-12000: Garlic 7500-8500: Horsegram 5800-6000: Wheat 2000-3500 Turmeric 95000-14000: Turdhal [...]
McDonald’s India to display Allergen & Nutritional info for entire menu
New Delhi, Apr 7 (PTI) Quick service restaurant McDonald's India (West and South) on Thursday said it will now also display Allergen & Nutritional information for the entire menu of in-store and on McDelivery app to enable customers to make the right food choices. McDonald's India (West and South) has also eliminated artificial colours, artificial [...]
Tata Motors bags order for 1,300 commercial vehicles from VRL Logistics
Tata Motors on Thursday said it has bagged an order for 1,300 commercial vehicles from VRL Logistics. The order comprises medium and heavy commercial vehicle and intermediate & light commercial vehicle range, suited for logistics operations of VRL Logistics, the Mumbai-based automaker said in a statement. The vehicles were selected basis the superior drivability, high [...]
BSE Technologies gets Sebi nod to operate as KYC Registration Agency
BSE Technologies, a subsidiary of BSE, has received authorisation from capital markets regulator Sebi to act as a KYC Registration Agency (KRA). KRA is a Sebi-regulated intermediary that grants the market participants authorisation for investors' Know Your Client (KYC) that will be mandatory for investment in the securities market. "We thank Sebi for reposing its [...]
Alembic Pharma gets tentative USFDA nod for generic version of Dabigatran Etexilate capsules
New Delhi, Apr 7 (PTI) Alembic Pharmaceuticals Ltd on Thursday said it has received tentative approval from the US health regulator for its generic version of Dabigatran Etexilate capsules indicated for reduction of risk of stroke and prevention of blood clots. The tentative approval by the US Food & Drug Administration (USFDA) is for the [...]
Bounce Infinity begins rollout of its first e-scooter
Mumbai, Apr 7 (PTI) Smart mobility firm Bounce Infinity on Thursday said it has commenced rollout of its first consumer e-scooter E1 from the Bhiwadi facility in Rajasthan and deliveries of the vehicle will start from April 18. The company also said it is looking to set up a new half-a-million per annum capacity manufacturing [...]
BULLION OPENING RATE
BULLION OPENING RATE MUMBAI, APRIL 7 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 66074.00 STANDARD GOLD (99.5) : 51423.00 PURE GOLD (99.9) : 51630.00 -------------------- PTI MUM SSBSSB SSB
IndusInd Bank’s ‘Indus Merchant Solutions’ App wins big at the Digital CX Awards 2022
MUMBAI, India, April 7, 2022 /PRNewswire/ -- IndusInd Bank announced that its flagship mobile application for merchants – 'Indus Merchant Solutions' has been awarded the 'Outstanding Digital CX - SME Payments' in the recently concluded Digital CX Awards 2022. The Digital CX Awards, is organised by Digital Banker, a globally trusted financial news service provider [...]
Sealmatic Receives Engineers India Limited (EIL) Certification
Mumbai, Maharashtra, India – Business Wire India Engineers India Ltd (EIL) is one of the leading design and engineering organization in South Asia. EIL is the only ‘Total Solution’ engineering consultancy company in India providing design, engineering, procurement, construction and integrated project management services from ‘Concept to Commissioning’ with highest quality and safety standards. EIL [...]
Multibagger Adani stock hits upper circuit and reaches all-time high; Should you buy, sell or hold?
Shares of Adani Wilmar Limited have galloped to hit the upper circuit on the sixth straight day and have given multibagger returns of 181.63% to its shareholders in year-to-date (YTD) time. The company’s recent bet on staples and the search for the acquisition of regional rice brands in several states of India, has added fuel [...]
Omega Seiki Mobility, Log9 Materials to jointly invest Rs 150 cr in charging infrastructure
Mumbai, Apr 7 (PTI) EV maker Omega Seiki Mobility and advanced battery technology startup Log9 Materials will jointly invest Rs 150 crore in charging infrastructure by financial year 2024. Besides, the two entities will deploy 10,000 fast-charging Rage+ cargo three-wheelers across Tier-II/III markers by FY24 under a strategic collaboration. Log9 already has a tie-up with OSM [...]
GCPL expects price-driven sales growth in domestic market in Q4/FY22
New Delhi, Apr 7 (PTI) FMCG maker Godrej Consumer Products Ltd (GCPL) expects to deliver a "close to double-digit sales growth" in the domestic market in the January-March quarter driven entirely by pricing. Overall, short-term challenges such as unprecedented global commodity inflation and the performance of its Indonesia business, continued to play out during the [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, APR 7 (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 75.16 76.66 75.10 76.82 EUR/INR 81.40 84.22 81.33 84.39 GBP/INR 97.71 100.86 97.63 101.06 JPY/INR 60.42 62.41 60.37 62.53 [...]
CNG price hiked by Rs 2.50 per kg for second day in a row in national capital
New Delhi, Apr 7 (PTI) CNG prices in the national capital on Thursday were hiked for the second day in a row by Rs 2.50 per kilogram, taking the total increase since March to Rs 12.5 per kg. CNG in the National Capital Territory (NCT) of Delhi now costs Rs 69.11 per kg, up from [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, APR 7 (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 SVC SVC
Lanka appoints advisory panel to help resolve growing debt crisis, engage with IMF
Colombo, Apr 7 (PTI) The Sri Lankan government has appointed an advisory committee comprising eminent economic and fiscal experts to provide guidance on addressing the current debt crisis and engaging with the IMF and other lenders as the country struggles to combat the unprecedented shortage of foreign reserves. The Presidential Advisory Group on Multilateral Engagement [...]
Bandhan consortium to acquire IDFC AMC for Rs 4,500 cr; IDFC shares tank over 7%
Shares of IDFC tanked more than 7 per cent in early trade on Thursday, a day after the company announced the divestment of its asset management business to a consortium of Bandhan Financial Holdings, GIC and ChrysCapital for Rs 4,500 crore. The stock tumbled 7.16 per cent to Rs 63.50 on the BSE. At the [...]
Achieving Universal Health Coverage in India: The Need for Multidisciplinary Public Health Action & Increased Investing In Human Capital and Infrastructure
NEW DELHI, April 7, 2022 /PRNewswire/ -- In recognition of World Health Day, the University of Chicago Center in Delhi hosted a virtual press conference to share the preliminary findings from the research studies conducted by the University of Chicago Faculty in India and their relevance to Universal Health Coverage. University of Chicago faculty members [...]
Shrenik Ghodawat conferred as the Food & Grocery Retail Icon of India 2022
KOLHAPUR, India, April 7, 2022 /PRNewswire/ -- Shrenik Ghodawat, MD - Star Localmart, the Retail arm of Sanjay Ghodawat Group (SGG), recently was conferred as the Food & Grocery Retail Icon of India at the Annual Golden Spoon Awards, organised by Images Group. He was honoured for being the driving force behind the inception of [...]
Verteil Technologies to Expand Qantas Distribution Reach as a New Approved Technology Partner
Verteil becomes a Qantas Approved Technology Partner to distribute Qantas NDC content to Travel Service Providers globally Kochi, Kerala, India – Business Wire India Qantas New Distribution Capability (NDC) content is now available on Verteil’s flagship NDC distribution platform, Verteil Direct Connect (VDC), following the successful integration with Qantas Distribution Platform via IATA’s NDC standard [...]
JSW Energy arm begins operations at 225 MW solar plant in Karnataka
New Delhi, Apr 7 (PTI) JSW Energy on Thursday announced that its subsidiary has commenced operations of a 225 MW solar plant at Vijayanagar in Karnataka. This project is part of the earlier announced 958 MW solar and wind projects, for which power purchase agreements were signed with JSW Steel, under the group captive scheme. [...]
Ready to support India in diversifying its energy imports: White House
Washington, Apr 7 (PTI) The US stands ready to support India in diversifying its energy imports, the White House has said, reiterating its desire that New Delhi does not purchase oil from Russia amid American sanctions on Moscow for attacking Ukraine. The remarks made by White House Press Secretary Jen Psaki on Wednesday come amid [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, April 7 (PTI) Money Market Operations as on April 6, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 482,870.42 3.32 1.00-5.30 I. Call Money 8,365.77 3.26 2.20-3.60 II. Triparty Repo 354,084.80 3.34 3.00-3.40 III. Market Repo 120,309.85 3.28 1.00-3.50 IV. Repo [...]
Tamara, Pace sell Barbeque Nation shares worth Rs 669 cr
Two entities -- Tamara and Pace -- on Wednesday offloaded shares of casual dining chain Barbeque Nation Hospitality for an estimated Rs 669 crore through open market transactions. Those who picked up the shares of the Bengaluru-based casual dining chain are -- ICICI Prudential Mutual Fund, Motilal Oswal Mutual Fund, BNP Paribas Arbitrage, Massachusetts Institute [...]
Pristyn Care launches integrated mobile app; enables location-based discovery of doctors
• An upgraded, state-of-the-art integrated app, helps easy discovery of expert surgeons for convenient in-clinic or online consultation GURGAON, India, April 7, 2022 /PRNewswire/ -- Pristyn Care, a Gurgaon-based healthcare unicorn, today launched a new avatar of their state-of-the-art integrated app. The embedded location-based filtering works on a discovery database. This assists users in effortlessly [...]
Godrej Properties targets Rs 1,000 cr sales revenue from new housing project in Mumbai
New Delhi, Apr 7 (PTI) Realty firm Godrej Properties Ltd will develop a new housing project at Kandivali East in Mumbai with an estimated sales revenue of Rs 1,000 crore. In a regulatory filing, Godrej Properties on Thursday said it has extended an existing arrangements with Shivam Realty to develop a residential group housing project, [...]
Automation Anywhere Launches Bot Games Season 2 to Prepare CIOs and their Teams for the Future of Work
Industry's only virtual event for developers aims to upskill, reskill teams – a critical step in the automation journey SAN JOSE, Calif., April 6, 2022 /PRNewswire/ -- Automation Anywhere, a global leader in Robotic Process Automation (RPA), today announced that it has opened registration for Bot Games Season 2, the industry's only virtual event for [...]
NCLT initiates insolvency proceedings against ATS Group firm Ananda Divine Developers
New Delhi, Apr 6 (PTI) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Ananda Divine Developers. A two-member Delhi-based Principal bench of the NCLT had on March 25 admitted a plea filed by ICICI Prudential Venture, claiming a due of Rs 25 crore. The insolvency tribunal has appointed Harish Taneja as the [...]
Railways failed to improve mobility outcomes despite investing Rs 2.5 lakh crore on track infra: CAG
New Delhi, Apr 6 (PTI) Despite investing Rs 2.5 lakh crore on track infrastructure between 2008 and 2019, the railways has failed to improve on its mobility outcomes, the CAG has said in its latest report and pulled up the national transporter for avoidable expenses. In the report submitted in Parliament on Wednesday, the Comptroller [...]
Bandhan consortium to acquire IDFC AMC for Rs 4,500 crore
New Delhi, Apr 6 (PTI) A consortium of Bandhan Financial Holdings, GIC and ChrysCapital will acquire IDFC Asset Management Company for Rs 4,500 crore in one of the largest deals in the country's asset management space. The deal is subject to receipt of necessary regulatory approvals and customary closing conditions, according to a regulatory filing. IDFC [...]
Railways failed to improve mobility outcomes despite investing Rs 2.5 lakh crore on track infra: CAG
New Delhi, Apr 6 (PTI) Despite investing Rs 2.5 lakh crore on track infrastructure between 2008 and 2019, the railways has failed to improve on its mobility outcomes, the CAG has said in its latest report and pulled up the national transporter for avoidable expenses. In the report submitted in Parliament on Wednesday, the Comptroller [...]
Three Sahara group firms restrained from collecting public deposit: Govt
New Delhi, Apr 6 (PTI) Three Sahara Group firms -- Sahara Credit Cooperative Society Ltd, Saharayn Universal Multipurpose Society Ltd and Humara India Credit Cooperative Society Ltd -- have been restrained by a court from collecting any deposits from the public, the government said on Wednesday. In an official statement, Union Cooperation Ministry said, "... [...]
India hosts global ministerial meet on clean energy
New Delhi, Apr 6 (PTI) Energy experts from across the world discussed ways to scale up innovation and use of technologies for transition towards clean energy at the Clean Energy Ministerial meeting which began on Wednesday. India is hosting the Clean Energy Ministerial (CEM), a forum of 29 countries, which will conclude on April 8, [...]
RBII approves reappointment of DCB Bank MD CEO for 2 yrs
New Delhi, Apr 6 (PTI) Private lender DCB Bank on Wednesday said the RBI has approved the re-appointment of MD and CEO Murali M Natrajan for two years. "We wish to inform you that approval has been received from the Reserve Bank of India (RBI) for the re-appointment of Murali M Natrajan as the Managing Director & [...]
Flipkart forays into healthcare sector; launches Flipkart Health Plus app
New Delhi, Apr 6 (PTI) Walmart group firm Flipkart on Wednesday announced its foray into the healthcare segment by launching a new app Flipkart Health Plus to leverage its reach and serve more than 20,000 pin codes across the country.Flipkart Health Flipkart Health Plus platform will onboard over 500 independent sellers with a network of [...]
Jharkhand commercial taxes collection at record Rs 19,750 crore in FY 22
Ranchi, Apr 5 (PTI) The Jharkhand commercial taxes department has achieved a record revenue at Rs 19,794 crore in the just-concluded fiscal, a top official said on Wednesday. The commercial tax collection was Rs 16,147 crore in the financial year 2020-2021. "The commercial taxes department has generated an all-time high revenue to the tune of [...]
President Gotabaya Rajapaksa will not resign ‘under any circumstances’: Lanka Govt
Colombo, Apr 6 (PTI) Sri Lankan President Gotabaya Rajapaksa will not resign "under any circumstances", his government's chief whip told parliament on Wednesday as he defended the beleaguered leader's controversial decisions, amidst huge public protests demanding his resignation over the country's worst economic crisis.Sri Lankans have protested for weeks over lengthy power cuts and shortages [...]
Doceree closes Rs 83 cr funding round led by Eight Roads Ventures
New Delhi, Apr 6 (PTI) Health-tech firm Doceree has raised USD 11 million (about Rs 83.5 crore) in a Series A funding round led by investment firm Fidelity-backed Eight Roads Ventures. F-Prime Capital and Alkemi Growth Capital also participated in the round. "Doceree will use the funds to scale its global operations, expand partnerships, augment [...]
Motherson Sumi completes acquisition of 55% stake in CIM Tools
Auto components major Motherson Sumi Systems Ltd (MSSL) on Wednesday said it has successfully completed the acquisition of a majority stake in Bengaluru-based CIM Tools Private Ltd. In October last year, MSSL had announced acquiring a 55 per cent stake in CIM Tools Private Limited (CIM), which is a leading supplier in the aerospace supply [...]
Highway construction slows down to 28.64 km a day in FY22: Official
New Delhi, Apr 6 (PTI) India's national highway construction slowed to 28.64 km a day in 2021-22 due to COVID-19 pandemic related disruptions and a longer-than-usual monsoon in some parts of the country, Union Road Transport and Highways Secretary Giridhar Aramane said on Wednesday.The pace of national highway (NH) construction in the country had touched a [...]
UIDAI should review issue of Aadhaar to children below 5 yrs, mull alternates to establish unique ID: CAG
New Delhi, Apr 6 (PTI) The Comptroller and Auditor General on Wednesday pulled up UIDAI for the issuance of Aadhaar to children below the age of five years on the basis of the biometrics of their parents without confirming the uniqueness of biometric identity, saying such acts are against the basic tenets of Aadhaar Act. [...]
LocoNav forms strategic partners with logistics firm Locus
Mumbai, Apr 6 (PTI) AI-driven tech firm LocoNav has formed a strategic partnership with business-to-business logistics optimisation startup Locus.Following the collaboration, LocoNav's fleet management solutions (FMS) will help Locus optimise and operate multiple vehicles with ease on a single platform, a release said on Wednesday.LocoNav's fleet management solution includes offerings like track and trace, fuel [...]
Coffee Day defaults Rs 480 crore on loan repayment, securities
Coffee Day Enterprises Ltd on Wednesday said it has defaulted a total of Rs 479.68 crore on repayment of loans and unlisted debt securities in the quarter ended March 31, 2022. In a regulatory filing, the company said it has defaulted Rs 224.88 crore on repayment of loans or revolving facilities like cash credit from [...]
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