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AI stock hits 5% upper circuit after signing agreement with Google
Shares of the ICT and IoT company rose 5 percent to Rs.188.19 per share after signing an Enterprise Devices License Agreement (EDLA) with Google to utilize its advanced technology for developing scalable digital solutions in sectors like education, healthcare, and enterprise. Price Movement In Thursday’s trading session, Panache Digilife Ltd's share price reached an intraday [...]
Multibagger stock hits 5% upper circuit after receiving ₹120 Cr order from Reliance Industries
During Thursday’s trading session, the shares of a company primarily involved in the business of infrastructure activities hit a 5 percent circuit at Rs. 903.4 on BSE, after the company’s AgriTech division secured an order worth Rs. 300 crores from McCain India Agro Private Limited. With a market cap of Rs. 9,147.8 crores, the shares [...]
Vijay Kedia stock hits 2% upper circuit after reporting 240% YoY increase in net profits
Cyber Security stock backed by Vijay Kedia specializing in providing cybersecurity solutions focusing on risk-based vulnerability management, penetration testing, and many more hit a 2 percent upper circuit in the day’s trade following 240 percent jump in Net Profits. Price Action With a market capitalization of Rs. 801 Crores, the shares of Tac Infosec Limited [...]
Ashish Kacholia stock hits 5% lower circuit after net profit decreased by 35% YoY
The shares of the power transmission company hit 5 percent lower circuit of Rs 36.33 apiece after the company’s net profit plummeted by 36 percent in Q2FY25. With a market capitalization of Rs 3,187.49 crore, the shares of Jyoti Structures Ltd were trading at Rs 36.3 per share, increasing around 5 percent as compared to [...]
Microcap Infra stock in green after reporting 349% increase in net profits in H1 FY24
During Thursday’s trading session, the shares of a leading Indian infrastructure company surged by nearly 1 percent to Rs. 296.95 on NSE, after the company reported H1 FY25 results with a rise in net profit of 349.6 percent HoH. With a market cap of Rs. 728.5 crores, at 11:45 a.m., the shares of Vishnusurya Projects [...]
Tata group stock jumps after it gets included in MSCI Global Standard Index
The shares of the multinational home appliances manufacturer gained up to 2 percent after the company became a part of the MSCI Global Standard Index. With a market capitalization of Rs 57,767.51 crore, Voltas Ltd's shares were trading at Rs 1,745.85 per share, increasing around 0.48 percent from the previous closing price of Rs 1737.50 [...]
Solar stock in focus after receiving work order worth ₹84 Cr from NTPC
Solar Energy stock engaged in providing a wide range of solar energy solutions such as floating solar panels, solar rooftops, hydrogen electrolyzers, and many more in focus upon receiving work orders worth ~Rs. 84 Crores from NTPC. Price Action With a market capitalization of Rs. 5,060 Crores, the shares of Oriana Power Limited were trading [...]
Chemical stock jumps 6% after reporting 221% QoQ increase in net profits
During Thursday’s trading session, the shares of a company engaged in the manufacturing of chemical fertilisers surged by nearly 6 percent to Rs. 219.65 on BSE, after the company reported Q2 FY25 results with a rise in net profit of nearly 221 percent QoQ and 39 percent YoY. With a market cap of Rs. 919 [...]
3 Petrochemical stocks with high manufacturing capacity of up to 240,000 MTPA
A high manufacturing capacity in petrochemical companies is crucial for meeting growing global demand and achieving economies of scale, which reduces costs and boosts profitability. It enables companies to gain market share and adapt quickly to shifts in the industry. Here are a few Petrochemical Stocks with high manufacturing capacity : Panama Petrochem Ltd With a [...]
Waaree Energies Vs Premier Energies: Who will dominate the Solar energy sector?
India's solar industry is poised for continued growth, driven by its vast potential for solar energy production, policy support, and increasing demand for clean energy solutions. It has rapidly grown into one of the largest in the world, with over ~72 GW of installed capacity for solar module manufacturing and ~8.1 GW for solar cell [...]
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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
TSF signs MoU with Jharkhand govt to set up ITI at Chandil
Seraikela (Jharkhand), Apr 6 (PTI) Tata Steel Foundation (TSF) on Wednesday signed a Memorandum of Understanding with the Jharkhand government to set-up Industrial Training Institute (ITI) at Chandil in the Seraikela-Kharsawan district. The objective was to shape more young talents of Jharkhand and make them industry ready. The MoU was signed by Sourav Roy, Chief, [...]
Average pay hike likely to be at 8-12% in 2022: Report
Mumbai, Apr 6 (PTI) India Inc is likely to give an average hike of 9 per cent salary hike this year due to a more positive investment outlook, especially in manufacturing and infrastructure development, according to a report.The common salary enhancement in 2022 is going to be 9 per cent against 7 per cent in [...]
WEConnect holds meeting to discuss opportunities for women-led biz
New Delhi, Apr 6 (PTI) Global non-profit organisation WEConnect International on Wednesday organised a virtual meeting, where representatives of women-owned businesses and MNCs discussed about opportunities for women to gain greater access to markets and finance.The event saw participation from 200 women-owned businesses, out of which 87 were from India, WEConnect International said in a [...]
GE’S Grid Solutions business bags order from ReNew Power
New Delhi, Apr 6 (PTI) GE's renewable energy business arm Grid Solutions on Wednesday announced that it has bagged a contract from Renew Power to build two electricity substations in Karnataka. GE's multi-million dollar contract with ReNew Power is part of the Narendra-Koppal electricity transmission scheme, a statement said. GE's Grid Solutions business has been [...]
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 in the 2008-19 financial year, 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 [...]
India, Australia should look at USD 100 bln bilateral trade by 2030: Goyal
Melbourne, Apr 6 (PTI) Commerce and Industry Minister Piyush Goyal on Wednesday said that India and Australia should look at boosting the bilateral trade to USD 100 billion by 2030 from the current level of around USD 27.5 billion. Goyal, who is in Australia on a three-day visit, said that both the countries are already at [...]
Proposed merger of HDFC Bank, HDFC to moderately hurt bank’s profitability: Moody’s
New Delhi, Apr 6 (PTI) TThe proposed merger of HDFC Bank and HDFC Ltd will moderately hurt the lender's profitability in the next 2-3 years, driven by higher funding costs to meet the regulatory liquidity norms, global rating agency Moody's Investors Service said on Wednesday.The rating agency, however, affirmed all the ratings of HDFC Bank, [...]
NARCL: Procedural delays led to non-transfer of NPAs worth Rs 50,000 cr by March 31
Mumbai, Apr 6 (PTI) Non-performing assets worth Rs 50,000 crore could not be transferred to the National Asset Reconstruction Company Ltd (NARCL) by March 31 due to "procedural delays", a senior bank official said on Wednesday. The transfer of these 15 Non-Performing Assets (NPAs) is expected to happen very quickly by the end of April. [...]
JIS group invests Rs 150 crore to foray into dairy products
Kolkata, Apr 6 (PTI) City-based JIS Group on Wednesday said it will launch dairy products under the brand JOI Farm. The group has invested Rs 150 crore at Howrah for a modern dairy products processing plant for dairy products like fresh milk, paneer, and curd, the company said in a statement. Company officials said with [...]
Union Bank of India to sell its 8 pc stake in ISARC to Dhansamridhi Finance
New Delhi, Apr 6 (PTI) Union Bank of India on Wednesday said it will sell its 8 per cent stake in India SME Asset Reconstruction Company. "The bank has executed an agreement on April 6, 2022 for sale of its 8 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) in favour of [...]
Online lending platforms offering loans at exorbitant rates: HC asks RBI to file status report
New Delhi, Apr 6 (PTI) The Delhi High Court Wednesday asked the RBI to file a status report on the steps taken for implementation of a committee's report to look into the issue of online lending platforms offering short-term personal loans at exorbitant interest rates through mobile apps. A bench of Acting Chief Justice Vipin [...]
PMGKAY helped keep extreme poverty at lowest level in pandemic-hit 2020: IMF working paper
New Delhi, Apr 6 (PTI) Pradhan Mantri Garib Kalyan Yojana (PMGKAY), which provides free foodgrains to poor people, played a key role in keeping extreme poverty in India at the lowest level of 0.8 per cent during the pandemic-hit 2020, according to a working paper of the International Monetary Fund (IMF).The working paper titled 'Pandemic, [...]
Union Bank plans to invest Rs 1,000 cr in technology over two years
Mumbai, Apr 6 (PTI) State-owned Union Bank of India on Wednesday said it is looking to invest Rs 1,000 crore over the next two years in technology."We will be making Rs 1,000 crore of investments in technology this year (FY23) and next year. A large part of this investment will take place during the current [...]
FDI in TN increased by 41.5 per cent, more investments via GIM 2023 expected: CM
Chennai, Apr 6 (PTI) The Tamil Nadu government made a remarkable turnaround in image as an ideal global investment destination, leading to an increase in foreign direct investment (FDI) by 41.5 per cent, and steps would be taken to attract more investments in the State by organising a global investors meet (GIM) by 2023-end, Chief [...]
Snapdeal sees two-fold growth in auto accessories orders in FY22
Mumbai, Apr 6 (PTI) Riding high on the uptick in demand for automotive accessories in the wake of easing of restrictions and people turning back to regular commute for various purposes including work, Snapdeal saw its volume growth in such market spiking 110 per cent in 2021-22 with the demand coming from all parts of [...]
Zomato, Swiggy face glitch; complaints flood on social media
New Delhi, Apr 6 (PTI) Online food delivery platforms Zomato and Swiggy were down for nearly 20 minutes on Wednesday afternoon, triggering a flood of complaints on social media from customers. According to an industry official, the two main online food ordering platforms faced outage around 2 pm due to a technical snag with Amazon [...]
NATRAX revenue rises 70% to Rs 22 crore in FY22
Indore, Apr 6 (PTI) The National Automotive Test Tracks (NATRAX), which tests the strength of vehicles on different parameters, has recorded a 70 per cent rise in revenue to Rs 22 crore in FY22, an official said on Wednesday.National Automotive Testing and R&D Infrastructure Project (NATRiP) Additional Director N Karuppiah told PTI that NATRAX had earned [...]
Steel ministry asks Odisha to allot iron ore mine to RINL
New Delhi, Apr 6 (PTI) The Steel Ministry has requested the Odisha government to reserve an iron ore block in Keonjhar district of the state for its steel PSU RINL, Parliament was informed on Wednesday. Based in Visakhapatnam, Andhra Pradesh, Rashtriya Ispat Nigam Limited (RINL) is among the top six integrated steel manufacturers in India. [...]
Amazon-Future dispute: SC orders resumption of arbitration over FRL merger with Reliance Retail
New Delhi, Apr 6 (PTI) The Supreme Court on Wednesday took note of the consent of US e-commerce major Amazon and Future group and ordered the resumption of arbitral proceedings before the SIAC tribunal over Future Retail's merger deal to the tune of Rs 24,500 crore with Reliance Retail Ltd. A bench comprising Chief Justice [...]
Amitabh Chaturvedi led Purple Finance Ltd. announces its merger with BSE listed Canopy Finance Ltd (BOM: 539304).
Mumbai, 6th April, 2022: The Board of Purple Finance met today (5th April 2022) and approved the merger of Purple Finance Ltd. with Canopy Finance Ltd subject to regulatory approvals. The Equity shares of Canopy Finance Ltd are listed on BSE Ltd. & Calcutta Stock Exchange Ltd. Post-merger the capital base of the merged entity [...]
IndiQube raises USD 30 mln
New Delhi, Apr 6 (PTI) Coworking operator IndiQube on Wednesday said it has raised USD 30 million (over Rs 226 crore) from promoters, WestBridge Capital and others. The funding round saw participation from IndiQube’s promoters, investment firm WestBridge Capital and angel investor Ashish Gupta, the company said in a statement. "Out of USD 30 million, [...]
CM Bommai to open fair on micro enterprise in Bengaluru on Apr 8
Bengaluru, Apr 6 (PTI) The Karnataka government aims to add 30,000 micro enterprises to the existing 50,000 such businesses, State Minister C N Ashwath Narayan said on Wednesday. “The government aims to further create 30,000 micro enterprises, led by self-help group women. There are now 50,000 micro enterprises,” said Narayan, who holds the Higher Education, [...]
Lenders mull 90-day extension to close Reliance Capital resolution process
Lenders on Wednesday discussed a proposal for 90 days of extension to close the resolution process of debt-ridden Reliance Capital Ltd (RCL) promoted by the Anil Ambani Group, sources said. The Committee of Creditors (CoC) of Reliance Capital met on Wednesday to discuss bids received. As per the Insolvency and Bankruptcy Code (IBC), the administrator [...]
Sebi comes out with new guidelines for KYC Registration Agencies
New Delhi, Apr 6 (PTI) Capital markets regulator Sebi on Wednesday issued fresh guidelines for KYC Registration Agencies (KRAs) whereby such agencies will have to independently validate KYC records of all clients from July 1. The move comes after Sebi, in January, notified new norms to make KRAs responsible for carrying out independent validation of [...]
Reliance sets up free EV charging infra for employees
New Delhi, Apr 6 (PTI) In a first, billionaire Mukesh Ambani's Reliance Industries Ltd has set up electric vehicle (EV) charging infrastructure at its Mumbai campus to allow employees to charge their EVs free of cost. The company's HR on Wednesday sent mailers to employees informing about the Jio-bp pulse EV charging zone at its [...]
BIAL, Amazon Web Services to set up innovation centre at Bengaluru airport
Bangalore, Apr 6 (PTI) Bangalore International Airport Ltd is working with cloud platform provider Amazon Web Services to set up a joint innovation centre (JIC) at the airport here to develop and adopt digital solutions in the aviation space.The Centre, which will be the first such facility established outside China by AWS and its first [...]
AstraZeneca rebrands its Chennai centre into Global Innovation and Technology Centre
Chennai, Apr 6 (PTI) AstraZeneca India, the services arm of global biopharmaceutical company AstraZeneca, on Wednesday said the Global Capability Centre in Chennai has been rebranded as Global Innovation and Technology Centre (GITC) with a focus on driving increased innovation. According to officials, the Global Technology Centre over the last eight years has delivered information [...]
Smile Train India and FOGSI Launch Protocol for Diagnosis and Treatment of Cleft Lip and Palate
The Protocol serves as a resource for gynaecologists and obstetricians to drive early detection for the treatable birth difference Indore, Madhya Pradesh, India (NewsVoir) Smile Train India, India’s largest cleft focused NGO and The Federation of Obstetric and Gynaecological Societies of India (FOGSI), India’s largest association of gynaecologists and obstetricians, launched a medical protocol for [...]
P&G Health Partners WithApnalaya to Improve Maternal, Newborn Health in Mumbai’s Urban Slums
First urban community health initiative under flagship CSR program ‘SEHAT’ Mumbai, Maharashtra, India – Business Wire India This World Health Day, P&G Health announced its partnership with Mumbai-based not-for-profit organisation, Apnalaya, to support Apnalaya’s project for providing care to underprivileged pregnant women, new mothers and newborns. This project is intended to build capacity, raise awareness [...]
Road Min sets up standing committee under ‘hit and run motor accident scheme’
New Delhi, Apr 6 (PTI) The road ministry has constituted a standing committee under a scheme to provide higher compensation to road accidents victims. The committee was set up under the Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022.According to an office memorandum issued by the Ministry of Road Transport and Highways [...]
Government defers proposal to merge BSNL, MTNL due to financial reasons
New Delhi, Apr 6 (PTI) The government has deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons, Parliament was informed on Wednesday. Minister of State for Communications Devusinh Chauhan in a written reply to the Rajya Sabha said that a proposal for the merger of Bharat Broadband Network Limited (BBNL) [...]
Govt forms advisory committee for Semicon India
New Delhi, Apr 6 (PTI) The government has formed an advisory committee to drive the Rs 72,000-crore project, Semicon India, to make the country a global leader in semiconductor manufacturing, design and innovation, an official statement said on Wednesday. The panel formed under the chairmanship of electronics and telecom minister Ashwini Vaishnaw includes venture capitalist [...]
K7 Computing Joins Hands with Indian Computer Emergency Response Team (CERT-In)
Chennai, Tamil Nadu, India (NewsVoir) K7 Computing Private Limited, an Indian firm developing international award-winning cyber security products, has signed a Memorandum of Understanding (MoU) with the Indian Computer Emergency Response Team (CERT-In), Ministry of Electronics and Information Technology, Government of India for collaboration in the area of cyber security. Through this MoU CERT-In and [...]
Celebrated Couturiers Shantnu and Nikhil Collaborate with Radha TMT Teach for Change Annual Fundraiser
Event Supported by Pegasystems and Co-hosted by the Westin Hyderabad Mindspace, Actors from Indian Film Industry Walked the Ramp in Hiya Designer Jewellery Hyderabad, Telangana, India (NewsVoir) The Radha TMT Teach for Change Annual Fundraiser hosted by Actor Lakshmi Manchu was held at the Westin Hyderabad Mindspace on 3rd April 2022. A one-of-a-kind event where [...]
PMGKAY helped keep extreme poverty at lowest level in pandemic-hit 2020: IMF working paper
New Delhi, Apr 6 (PTI) Pradhan Mantri Garib Kalyan Yojana (PMGKAY), which provides free foodgrains to poor people, played a key role in keeping extreme poverty in India at the lowest level of 0.8 per cent during the pandemic-hit 2020, according to a working paper of the International Monetary Fund (IMF).The working paper titled 'Pandemic, [...]
Hindustan Zinc Limited Production release for the Fourth Quarter and Full Year ended March 31, 2022
UDAIPUR, India, April 6, 2022 /PRNewswire/ -- Hindustan Zinc Limited today announced its production numbers for the fourth quarter and full year ended March 31, 2022. A. Refined & Mined Metal Particulars (In '000 tonnes, or as stated) Q4 Q3 Full Year FY22 FY21 % Change FY22 % Change FY22 FY21 % Change Mined Metal [...]
Maha govt declares JSW Steel as preferred bidder for Ajgaon iron ore block
New Delhi, Apr 6 (PTI) JSW Steel on Wednesday said it has been declared as preferred bidder for Ajgaon iron ore block in Maharashtra. Ajgaon iron ore block in Sindhudurg district is at a distance of about 400 km from Dolvi where JSW Steel runs an integrated steel plant having capacity of 10 million tonne [...]
Swiggy Instamart expands fruits, veggies segment in Coimbatore
Chennai, Apr 6 (PTI) Food aggregator Swiggy on Wednesday said it is expanding fresh fruits and vegetables segment under Swiggy Instamart to serve customers in Coimbatore. Swiggy Instamart is looking to take onboard more local fruit and vegetable vendors under this initiative, a company statement said. The grocery service was launched in Coimbatore in August [...]
Kolkata Metro aims to double non-fare revenue to Rs 40 cr in FY 22
Kolkata, Apr 6 (PTI) Kolkata Metro, which is focusing on non-fare revenue to leverage its assets and increase income, Wednesday said it was aiming to double its earning from it to Rs 40 crore in 2022-23. Kolkata Metro non-fare revenue in 2021-22 was Rs 19.44 crore, which surpassed its target of Rs 18 crore and [...]
Sky247.net Announced the Official Sponsor of IIFA Rocks Abu Dhabi
New Delhi, India – Business Wire India Sky247.net is a dynamic and fast-growing global sports portal, which has sponsored many renowned cricket competitions including many in Abu Dhabi. Fans must mark their calendars as a plethora of Bollywood celebrities are set to garner the IIFA (International Indian Film Academy) awards 2022. The gala event will [...]
Vistaar Financial Services Private Limited Has Raised Rs.150 CrsFrom Bank of Baroda
Bengaluru, Karnataka, India – Business Wire India Bengaluru-based MSME focused lender Vistaar Financial Services Private Limited (“Vistaar Finance”) has raised Rs.150 Crs from Bank of Baroda, a leading Public Sector Bank. At a time when MSMEs are recovering from the impact of COVID and coming back to normalcy in business, their need for capital, both [...]
HDFC Bank plans to raise up to Rs 50,000cr by issuing bonds
The country's largest private sector lender HDFC Bank on Wednesday said it is planning to raise up to Rs 50,000 crore in the next one year by issuing bonds on a private placement basis. The decision was taken at the bank's board meeting. "The bank proposes to raise funds by issuing perpetual debt instruments (part [...]
All telecom operators except BSNL complying with call drop norms: Vaishnaw
New Delhi, Apr 6 (PTI) All telecom operators except state-owned telecom firm BSNL, only in one circle, have been complying with call drop norms, Parliament was informed on Wednesday.Telecom Minister Ashwini Vaishnaw said that the Telecom Regulatory Authority of India (TRAI) has been monitoring the performance of telecom operators at the circle level as a [...]
Roll back over 10% price hike on essential drugs: Cong MP urges Govt
New Delhi, Apr 6 (PTI) Congress member Dean Kuriakose on Wednesday asked the government to roll back the price hike of over 10 per cent effected on some life-saving essential medicines. Over 800 drugs, including paracetamol and azithromycin, under the National List of Essential Medicines (NLEM) have become expensive, he said in the Lok Sabha [...]
TrustScore Launches World’s First Trust Cards
A new Era of Trust starts now! Trust Card is the card of future where you can instantly identify the right people to connect with Delhi, India – Business Wire India World's first card with Trust score is providing a revolutionary new way to identify trustworthy people. Unique to the market, this card will allow [...]
INCOR Group Raises Financing of INR 1550 Million from Investec Managed Emerging India Credit Opportunities Fund I and Investec Bank PLC
Hyderabad, Telangana, India – Business Wire India INCOR Healthcare has successfully raised financing of INR 1550 million from Emerging India Credit Opportunities Fund I (EICOF I), an Investec managed SEBI registered Category II Alternate Investment Fund along with co-investment by Investec Bank PLC. INCOR Healthcare, which operates the Multi-speciality Hospital business under the brand name [...]
Agritech startup TraceX raises USD 1 million from investors
New Delhi, Apr 6 (PTI) Agritech firm TraceX Technologies has raised USD 1 million (about Rs 7.5 crore) from investors including Nabard-backed NABVENTURES fund.The platform is in the business of enhancing supply chain traceability and transparency.In its pre-series A funding, Paipal Ventures, an early stage family office investment fund, and angel investor Sunil Kumar also [...]
Triveni Engineering’s new distillery unit in UP starts production
New Delhi, Apr 6 (PTI) Triveni Engineering & Industries Ltd (TEIL) on Wednesday said it has started production at its new multi-feed distillery at Milak Narayanpur in Uttar Pradesh, increasing the plant's total output capacity to 480 kilo litre per day. TEIL, one of the largest integrated sugar producers in the country, also manufactures engineered-to-order [...]
NHAI settles 60 conciliation cases in FY22
New Delhi, Apr 6 (PTI) State-owned National Highways Authority of India on Wednesday said it has settled 60 cases for Rs 4,076 crore against the claimed amount of Rs 14,590 crore in fiscal 2021-22. The settlement amount was about 28 per cent of the total claimed amount, NHAI said in a statement.In FY21, the National Highways [...]
Ruchi Soya shares tumble over 14%
New Delhi, Apr 6 (PTI) Shares of Ruchi Soya Industries received a severe drubbing on the bourses on Wednesday as it plummeted over 14 per cent. The fall in the stock came a day after the company announced allotment of shares under the Rs 4,300 crore-Follow on Public Offer (FPO) which had also come under [...]
Nanoprecise Sci Corp Wins Maruti Suzuki Cohort 5 of the MAIL programme
NEW DELHI , April 6, 2022 /PRNewswire/ -- Nanoprecise Sci Corp, an automated Predictive Maintenance Solutions Provider is awarded FIRST PLACE in the Mobility and Automobile Innovation Lab (MAIL) programme by Maruti Suzuki India Limited (MSIL). The programme offers tech start-ups with digital innovations, an opportunity to do a Proof-of-Concept project with Maruti Suzuki India [...]
Simple Energy inks pact with US-based C4V for cell manufacturing in India; to invest USD 150 mn
Mumbai, Apr 6 (PTI) Electric vehicle maker Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) to set up a Lithium-ion cell manufacturing facility in the country with an investment of USD 150 million, the company said on Wednesday. The facility with an initial capacity of 1-Gigwatt Hours [...]
M2P Fintech expands leadership team with key appointments
Slew of Senior technology professionals joining the company, Sriram as Head of Engineering & Sujay as Head of Risk CHENNAI, India, April 6, 2022 /PRNewswire/ -- M2P Fintech, Asia's largest API infrastructure company, has named two seasoned professionals to key leadership positions. The company welcomed Sriram KS as Head of Engineering and Sujay Vasudevan as [...]
Ziqitza Healthcare Expands Footprints in India with Launch of 112 ERV in Odisha and 104 Helpline in Chhattisgarh
With the launch of 112 ERV & 104 helpline, Ziqitza is committed to helping people in medical distress in the state of Odisha & Chhattisgarh Mumbai, Maharashtra, India (NewsVoir) Ziqitza Healthcare Ltd. (ZHL), Asia's largest private emergency medical service (EMS) provider has successfully deployed 61 ERV out of 106 numbers of 112 emergency response vehicle [...]
Amplus Solar clocks 1GW of power generation capacity
New Delhi, Apr 6 (PTI) Amplus Solar on Wednesday said it has clocked 1GW of solar power generation capacity. "Amplus Solar, a leading distributed solar energy provider, has solidified further its position as a market leader in India by achieving one Gigawatt (1GW) capacity of solar assets," a company statement said. The company, which had [...]
Koo launches voluntary self-verification for all users to drive authenticity
New Delhi, Apr 6 (PTI) Twitter-rival Koo on Wednesday launched voluntary self-verification for all users, and said the move will empower users to establish authenticity of their accounts on the platform, lending credibility to thoughts and opinions shared by them. With this, Koo said it has become the first 'Significant Social Media Intermediary' to offer [...]
Simple Energy inks pact with US-based battery tech firm C4V for cell manufacturing in India
Mumbai, Apr 6 (PTI) Electric vehicle maker Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) to set up a Lithium-ion cell manufacturing facility in the country with an investment of USD 150 million, the company said on Wednesday. The facility with an initial capacity of 1-Gigwatt Hours [...]
India to grow at 7.5% in FY23 on strong investment, to rise to 8% next fiscal: ADB
New Delhi, Apr 6 (PTI) India is likely to maintain its position as the fastest-growing major economy with the ADB outlook projecting a growth rate of 7.5 per cent for 2022-23 on strong investment prospects against 5 per cent for China in January-December 2022. The Asian Development Bank Outlook 2022 said that India's growth in [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 6 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 805.00 COPPER HEAVY SCRAPS 793.00 COPPER ARMATURE (CREDIT) 774.00 COPPER UTENSILS SCRAP 715.00 CC ROD 847.00 CC ROD (RECYCLED) 800.00 BRASS :- BRASS SHEET CUTTING 578.00 BRASS UTENSIL SCRAP 544.00 BRASS HONEY 518.00 [...]
India to see 48k more EV chargers with investment of Rs 14,000 crore in 3-4 years: Icra
India is likely to see around 48,000 additional electric vehicle chargers at an investment of around Rs 14,000 crore over the next 3-4 years amid an expected healthy electric vehicle (EV) penetration in the country, a report said on Wednesday. As the EV penetration is expected to increase in the two and three-wheeler as well [...]
NCLT initiates insolvency process against ATS Infra arm Ananda Divine Developers
New Delhi, Apr 6 (PTI) The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Ananda Divine Developers, a step-down company of NCR-based realty firm ATS Infrastructure.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 [...]
Maruti Suzuki to hike vehicle prices this month
New Delhi, Apr 6 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it will increase prices of its entire model range this month amid rise in input costs. Over the past year, the cost of the company's vehicles continued to be adversely impacted due to increase in various input costs, the [...]
Radission announces new brand in India
Mumbai, Apr 6 (PTI) Radission Hotel Group on Wednesday announced the launch of a new brand extension in India, Radission Individuals Retreat, and expects to open "a few" properties this calendar year. The new brand, which is specifically tailored for the Indian market, will be a collection of upper-upscale luxury lifestyle retreats with 25-50 rooms, [...]
PEPPER COPRA CLOSING
MUM PEPPER COPRA CLOSING RATE MUMBAI, APRIL 6, (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 9600 COPRA OFFICE KOZIZODE 9400 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1750 T.P ------------------ PTI MUM [...]
HAL ties up with Israel Aerospace Industries to convert civil aircraft to multi mission tanker transport aircraft
Bengaluru, Apr 6 (PTI) Hindustan Aeronautics Limited has entered into an MoU with Israel Aerospace Industries (IAI) to convert Civil (Passenger) aircraft to Multi Mission Tanker Transport (MMTT) aircraft in India. Under the pact, HAL will convert pre-owned Civil (Passenger) aircraft into air refueling aircraft with cargo and transport capabilities, the Bengaluru-headquartered company said in [...]
OILSEEDS PRICES
APRIL 6,2022 MUMBAI, (PTI) OILS (per 10 Kgs) DEOILED CAKES (per M.T.) G.N.Extr.45% 41000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 37500.00 Rice Bran Extr. - Sunflower Extr. 28500.00 Rapeseed Extr. - Soyameal 48% 64435.00 Castor Extr. 10250.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 8100.00 Gr. Bolds 60/70 8800.00 Gr. [...]
NEC Laboratories, TNAU team up detect crop diseases using AI, machine learning
Chennai, Apr 6 (PTI) NEC Laboratories, an entity of NEC Corporation India, on Wednesday said it has signed a memorandum of understanding (MoU) with Tamil Nadu Agricultural University (TNAU) to offer solutions for early detection of diseases in crop using artificial intelligence (AI) and machine learning. Under the MoU, NEC aims to help identify the [...]
Motilal Oswal HFC to borrow $50 mn from DFC for affordable housing lending
Mumbai, Apr 6 (PTI) Motilal Oswal Home Finance on Wednesday said it will borrow USD 50 million (about Rs 380 crore) from US International Development Finance Corporation (DFC).The home finance arm of the brokerage and financial services group will be deploying the funds raised via the external commercial borrowing route for on-lending towards the affordable [...]
Tata Neu: The “all-in-one” Super App that will challenge Jio, Google, Amazon, Flipkart
The Tata Group has announced that its super app, Tata Neu will be released on April 7, 2022. This announcement was made on Google Play Store’s website via a teaser graphic. The Tata Group had begun promoting the app in Public for the first time, in conjunction with the ongoing Indian Premier League (IPL). “Hi [...]
Tata Motors showcases electric SUV concept; market launch within two years
New Delhi, Apr 6 (PTI) Homegrown auto major Tata Motors is set to drive in a new electric SUV - Concept CURVV, with enhanced driving range and technology, within the next two years. The Mumbai-based auto major, which on Wednesday showcased the electric SUV concept, aims to cater to the consumers who seek individuality and [...]
Equitas SFB gross advances rise 15% to Rs 20,648 cr in FY22; deposits up 16%
New Delhi, Apr 6 (PTI) Equitas Small Finance Bank (SFB) on Wednesday said its gross advances witnessed a 15 per cent year-on-year growth on a provisional basis to Rs 20,648 crore for the fiscal ended March 2022. The bank had gross advances worth Rs 17,925 crore in FY21. Total deposits during 2021-22, grew by 16 [...]
Not in India’s ‘best interest’ to continue investing in Russian equipment: US Def Secretary
Washington, Apr 6 (PTI) It is not in India’s "best interest" to continue investing in Russian military equipment, US Defence Secretary Lloyd Austin has told lawmakers, underscoring the Biden administration's desire that New Delhi scales down its dependence on Russian military equipment. "We continue to work with them (India) to ensure that they understand that [...]
Not in India’s ‘best interest’ to continue investing in Russian equipment: US Def Secretary
Washington, Apr 6 (PTI) It is not in India’s "best interest" to continue investing in Russian military equipment, US Defence Secretary Lloyd Austin has told lawmakers, underscoring the Biden administration's desire that New Delhi scales down its dependence on Russian military equipment. "We continue to work with them (India) to ensure that they understand that [...]
RBL Bank gross advances up 3% at Rs 61,929 cr in FY22
New Delhi, Apr 6 (PTI) Private sector lender RBL Bank on Wednesday said its gross advances grew by 3 per cent to Rs 61,929 crore in the last fiscal.The bank had recorded gross advances worth Rs 59,983 crore in FY21.RBL Bank said the data is provisional, and it is being released ahead of the official [...]
India tops world in terms of number of persons killed in road accidents
New Delhi, Apr 6 (PTI) Road Transport and Highways Minister Nitin Gadkari on Wednesday raised concern over road accidents and said that India tops the world in terms of number of persons killed in road accidents. In a written reply in the Rajya Sabha, Gadkari said that based on the latest issue of the World [...]
JINDAL GLOBAL LAW SCHOOL RANKS 70TH GLOBALLY, NO.1 IN INDIA
Sonipat, (Haryana), India, April 6, 2022: Jindal Global Law School (JGLS) of O.P. Jindal Global University (JGU) has once again retained the No.1 position in India while its global ranking this year improved to 70th, a jump of six places from 2021, according to the QS World University Rankings by Subject (Law) 2022 released today. [...]
Faber-Castell India Settles Outstanding Issues With Former JV Partner and India MD Anup Bhasker Rana
Mumbai, Maharashtra, India – Business Wire India The Indian arm of the German stationery manufacturer Faber-Castell has settled all outstanding issues related to its former JV partner and MD Mr. Anup Bhasker Rana in an extrajudicial mediation. Since entering the Indian market in the mid-90s, the Faber-Castell group had relied on partnerships and JVs to [...]
Guar seed futures rise on fresh bets
New Delhi, Apr 6 (PTI) Guar seed prices on Wednesday rose by Rs 107 to Rs 6,570 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 107 or 1.63 per [...]
Hero Electric to supply e-scooters to last-mile delivery provider Shadowfax
Mumbai, Apr 6 (PTI) Electric two-wheeler maker Hero Electric has partnered with Shadowfax Technologies for supplying its e-scooters for last-mile deliveries. As part of the association, Hero Electric will convert around 25 per cent of Shadowfax's 100,000-strong delivery fleet into electric vehicles (EVs) with its NYX HX e-scooters across delivery centres, a release said on [...]
Guar gum futures gain on spot demand
New Delhi, Apr 6 (PTI) Guar gum prices on Wednesday gained Rs 315 to Rs 12,885 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 315 or 2.44 per cent to Rs 12,885 [...]
Crude oil futures decline on low demand
New Delhi, Apr 6 (PTI) Crude oil futures on Wednesday dropped by 0.75 per cent to Rs 7,727 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 58 or 0.75 per cent to Rs 7,727 per barrel with a business volume [...]
JSW Infrastructure commissions first terminal at NMPT; to invest over Rs 300-cr to expand capacity
New Delhi, Apr 6 (PTI) Ports company JSW Infrastructure has commission its first container terminal at New Mangalore Port Trust (NMPT) in Karnataka and will make a phase-wise investment of Rs 300 crore to expand its capacity to 4 lakh twenty equipment unit (TEU) by FY24. The commissioning of the container terminal at NMPT marks [...]
DLF chairman Rajiv Singh richest real estate entrepreneur; M P Lodha at 2nd position: Report
Realty major DLF's Chairman Rajiv Singh has become the richest real estate entrepreneur with a wealth of Rs 61,220 crore, followed by Macrotech Developers' M P Lodha and family who slipped to the second position with a wealth of Rs 52,970 crore, according to a report. Hurun and GROHE India on Wednesday released its fifth [...]
BULLION OPENING RATE
BULLION OPENING RATE MUMBAI, APRIL 6 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 65825.00 STANDARD GOLD (99.5) : 51251.00 PURE GOLD (99.9) : 51457.00 -------------------- PTI MUM SSBSSB SSB
Digital Insurer Edelweiss General Insurance rolls out Tech 101, a Digital Upskilling programme for all employees
MUMBAI, India, April 6, 2022 /PRNewswire/ -- Edelweiss General Insurance (EGI), a new age InsurTech, has introduced Tech 101, a comprehensive technology training programme for all its employees. Tech 101 is part of EGI's people strategy to create a digital-first culture and enhance the digital quotient of its workforce. This 20-week training program, which is [...]
Intrapreneurship Conclave by Unfold: India’s Only Annual Conclave For Intrapreneurs
BANGALORE, India, April 6, 2022 /PRNewswire/ -- Intrapreneurship conclave is an annual flagship event of Unfold and this year marks the Fourth edition after 3 successful conclaves. The Intrapreneurship conclave that made a humble beginning in 2017 with just 12 speakers will now showcase 32 speakers from top-notch brands such as SAP, NSRCEL IIMB, Infosys, [...]
Ruchi Soya shares slump nearly 19%; recovers partially in afternoon trade
Shares of Ruchi Soya Industries took a severe beating on the bourses on Wednesday as it plummeted nearly 19 per cent in early deals and was slowly recovering the lost ground as trading progressed during the day. The fall came a day after the company announced the allotment of shares under the Rs 4,300 crore-Follow [...]
RBI MONEY MARKET OPERATION
Date : April 6, 2022 Money Market Operations as on April 05, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 4,84,261.34 3.39 0.01-5.35 I. Call Money 11,105.02 3.27 2.20-3.55 II. Triparty Repo 3,50,152.40 3.41 3.15-3.54 III. Market Repo 1,22,915.92 3.34 0.01-3.55 [...]
Petrol, diesel prices hiked again for 14th time; record 10% rise in 16 days
Petrol and diesel prices on Wednesday were hiked again by 80 paise a litre each, taking the total increase in rates in the last 16 days to Rs 10 per litre or over 10 per cent. Petrol in Delhi will now cost Rs 105.41 per litre, as against Rs 104.61 previously, while diesel rates have [...]
Multibagger Tata stock hits record high today; Surges 31% in a month
Shares of Tata Power Company Limited rallied 4.20% on Wednesday’s early trades and have changed 9,38,20,764 hands on the counter so far. The stock opened at ₹ 275.95 on the NSE and touched a fresh record high of ₹287.90 apiece on the BSE, due to heavy volume on improved business outlook. The share price of [...]
TÜV SÜD offers CQI/IRCA approved ISO 45001:2018 lead auditor training with a blended learning approach for the first time in India
Two days of eLearning and three days of virtual instructor-led training (VILT) PUNE, India, April 6, 2022 /PRNewswire/ -- TÜV SÜD South Asia, a leading certification, testing, auditing, inspection and training company and the wholly-owned subsidiary of TÜV SÜD Group, Germany, has received Chartered Quality Institute – International Register of Certificated Auditors (CQI/IRCA) approval for [...]
ITC moves beyond plastic neutrality; sustainably managed over 54,000 tonnes of plastic waste in FY22
New Delhi, Apr 6 (PTI) Diversified entity, ITC Ltd on Wednesday said it is accelerating its move to go beyond plastic neutrality, having sustainably managed more than 54,000 tonnes of plastic waste across India in 2021-22. The company said its flagship solid waste management programme Well-Being Out of Waste' (WOW) has so far covered 1.8 [...]
Simple Energy inks pact with US-based battery tech firm C4V for cell manufacturing in India
Mumbai, Apr 6 (PTI) Electric vehicle maker Simple Energy has inked an initial pact with the US-based battery technology firm C4V (Charge CCCV) for cell manufacturing in India, the company said on Wednesday. The Bengaluru-based energy startup had launched its first e-scooter Simple One mid-August last year. It has, however, not yet commenced the deliveries [...]
Pre-Sales Open – India’s Tastiest Vegan Protein Powder, with 25.7 Grams of Protein per Serving
Coimbatore, Tamil Nadu, India – Business Wire India Vegan Way, a brand of Supercluster Pi (House of Brands), is gearing up to officially launch the first of its kind vegan protein powder made from pea and brown rice protein combined with other superfoods. With 25.7 grams of protein per serving (The highest protein content as [...]
Merck Foundation Chairman and CEO Meet THE PRESIDENT AND THE PRIME MINISTER of Mauritius
Mumbai, Maharashtra, India & Port Louis, Mauritius – Business Wire India • Merck Foundation provided more than 63 scholarships of one-year Diploma and two-year Master Degree to doctors in many underserved and critical medical specialties in Mauritius such as: Diabetes, Endocrinology, Oncology, Reproductive and Sexual Care, Respiratory care, Acute and Critical Care, Cardiovascular preventive Medicine, [...]
USAID-NISHTHA in Partnership With Unilever Host a Virtual Event on WASH Matters Now More Than Ever: Prioritizing Hygiene for Building Resilient Health Systems and Communities
New Delhi, Delhi, India – Business Wire India USAID’s flagship health system strengthening project NISHTHA, implemented by Jhpiego in partnership with Unilever, organized a collaborative virtual event “WASH Matters Now More than Ever: Prioritizing Hygiene for Building Resilient Health Systems and Communities.” The event brought together key stakeholders and policy makers to discuss COVID-19 WASH [...]
The Centre Stage of Luxury in Sion Has a New Address Dosti Mezzo 22 by Dosti Realty
Mumbai, Maharashtra, India – Business Wire India • Residences that will speak of Finesse and Panache at the most strategic location • 2 mins from Sion Circle and adjacent to Dosti Elite • Redefining the Sion skyline once again • 2 BHK and 3 BHK Residencies. 4 BHK, 5 BHK, and 6 BHK Jodi Residences [...]
Mitsui to invest in ReNew Power’s project
New Delhi, Apr 6 (PTI) Japanese conglomerate Mitsui has agreed to take a 49 per cent stake in ReNew Power's round-the-clock renewable power project, the Indian firm said on Wednesday. ReNew signed a 400 MW Round-The-Clock (RTC) PPA last year to supply electricity to the Solar Energy Corporation of India (SECI). For the 400 MW [...]
Resulticks brings real-time, smart customer-engagement solutions for verticals to the Qualcomm® Smart Cities Accelerator Program
NEW YORK, April 6, 2022 /PRNewswire/ -- Resulticks today announced that it has joined the Qualcomm Smart Cities Accelerator Program to collaborate on transforming the landscape of real-time customer engagement and communications. Together with the best of Qualcomm Technologies' IoT solutions and services, Resulticks' customer engagement solution will add new dimensions to end-consumer experiences, while [...]
XOR Labs wins the mandate for Fantasy Akhada’s Performance Marketing campaign for 2022-23
MOHALI, India, April 6, 2022 /PRNewswire/ -- XOR Labs, a Chandigarh based performance marketing agency, has renewed the mandate for performance marketing for Fantasy Akhada for another year, after having worked with the brand for 12 months now. Fantasy Akhada, India's fastest growing Fantasy Platform, is backed by Harsha Bhogle. It's an initiative of hard-core [...]
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