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Steel stock jumps 5% after securing order worth ₹265 Cr for Jal Jeevan Mission
During Wednesday’s trading session, the shares of a steel tube manufacturing company surged nearly 5 percent to Rs. 209.5 on BSE, after the company announced receiving an order worth Rs. 265 crores for the Jal Jeevan Mission. With a market cap of Rs. 3,876.8 crores, the shares of JTL Industries Limited closed in the green [...]
5 Stocks to buy now for an upside of 40%; Do you own any?
Sensex and Nifty 50 staged a comeback on November 5 and ended on a strong note after a meltdown in the previous session. At close, the Sensex was up 901 points or 1.13 percent at 80,378.13, and the Nifty was up 273.05 points at 24,486.35. About 2,337 shares advanced, 1,448 shares declined, and 102 shares [...]
Defence stock jumps 5% after forming JV to manufacture Navic chip and GNSS products
Defence stock engaged in designing, developing and manufacturing Radar, Strategic & Space Electronics Systems, sub-systems, and others jumped 5 percent in the day’s trade upon forming new JV to manufacture NavIC chip and GNSS products. Price Action With a market capitalization of Rs. 7,681 Crores, the shares of Astra Microwave Products Limited closed at Rs. [...]
Auto Ancillary stock jumps 13% after receiving work order of ₹154 Cr for automotive products
The shares of this auto component manufacturer gained up to 13 percent after the company bagged a prestigious work order worth Rs 154 crore for automotive & non-automotive products. With a market capitalization of Rs 409.39 crore, the shares of Thaai Casting Ltd were trading at Rs 177 per share, increasing around 8.52 percent as [...]
Defence stock hits 5% upper circuit after JVs to set up manufacturing plant for defence and aerospace
Multibagger defence stock engaged in the business of Fabrication and Machining of components used in Defence Sector and many more hit a 5 percent upper circuit in the day’s trade upon signing JV’s to setup defence and aerospace facilities. Price Action With a market capitalization of Rs. 2,539 Crores, the shares of Nibe Limited hit [...]
Mukul Agrawal stock fell 15% after its net profit decreases by 67% QoQ
The shares of leading global API Contract Development and Manufacturing Organizations have fallen by 14 percent after the company’s net profit and revenues plummeted by 64 percent and 25 percent YoY, respectively in Q2FY25. With a market capitalization of Rs 17,656.69 crore, the shares of Neuland Laboratories Ltd were trading at Rs 13,762.15 per share, [...]
Stock under ₹60 hits 10% upper circuit after reporting 169% YoY increase in net profits
During Wednesday’s trading session, the shares of one of the leading players in the manufacturing of spun bond nonwoven fabric in India hit a 10 percent upper circuit at Rs. 51.54 on BSE, after the company reported Q2 FY25 results with a rise in net profit by about 20.7 percent QoQ and 169.2 percent YoY. [...]
Chemical stock hits 5% upper circuit after company’s net profit increases by 2,805% YoY
The shares of this micro-cap metal stock engaged in manufacturing and selling chemicals and ready-made garments hit a 5 percent upper circuit on opening on Wednesday after the company reported an exceptional 2,805 percent YoY increase in net profits and strong revenue growth in its recent quarterly results. Share Price Movement During Wednesday’s trading session, [...]
Maharatna stock jumps 6% after reporting 223% YoY increase in net profits
The shares of the prominent crude oil manufacturer gained up to 6 percent after the company’s net profit magnified multifold times by 223 percent on a YoY basis in Q2FY25. With a market capitalization of Rs 85,291.18 crore, the shares of Oil India Ltd were trading at Rs 523.75 per share, increasing around 5.71 percent [...]
Semiconductor stock hits upper circuit after receiving orders worth ₹440 Cr for solar modules
Semiconductor stock focused on producing various types of semiconductor devices such as diodes, transistors, and integrated circuits hit a 2 percent upper circuit in the day’s trade upon receiving new work orders worth ~Rs. 440 Crores for solar power PV modules. Price Action With a market capitalization of Rs. 121 Crores, the shares of RRP [...]
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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
AGREEYA EARNS TWO ACCOLADES AT 30TH WORLD HRD CONGRESS AND AWARDS
AgreeYa Named 'Dream Company to Work For', Receives Additional Recognition for Talent Management NOIDA, India, April 6, 2022 /PRNewswire/ -- AgreeYa Solutions, a leader in software, solutions and services, was honored with two awards at the 30th World HRD Congress and Awards event in Taj Lands End, Mumbai, India. The recognition as 'Dream Company to [...]
Citi Selects WUS – an IIT Kanpur Start-up for the Acceleration Program
New Delhi, Delhi, India – Business Wire India WUS- a SAAS based start-up - is building a digital platform to provide financial security, job security and social security to "Low-income workers", simultaneously offering a significant return to potential investors by monetizing the services provided to the target audience. WUS is incubated at IIT Kanpur and [...]
Alliance Group and Urbanrise Clocks Rs. 2,290 Cr Sales Revenue in FY 2021-22
Plans to strengthen its presence across south India by launching 25 million sq.ft of new projects with an investment of Rs. 8,615 Crores Chennai, Tamil Nadu, India – Business Wire India South India’s Largest Real Estate Developer, Alliance Group and Urbanrise, today announced that the company has clocked Rs. 2,290 Crores sales during the FY [...]
Dailyhunt parent VerSe Innovation raises USD 805 mn, valuation zooms to USD 5 bn
New Delhi, Apr 6 (PTI) VerSe Innovation -- the local language technology platform and parent of content and news aggregator Dailyhunt and short video app Josh -- on Wednesday said it has raised USD 805 million (over Rs 6,070 crore) in latest funding rounds from marquee global investors. With this, its valuation has reached a [...]
Par panel questions Sebi chief on NSE case, Ruchi Soya’s FPO, Sahara case and Paytm
Sebi Chairperson Madhabi Puri Buch on Tuesday appeared before a parliamentary panel and was questioned on the NSE controversy, Sahara case and share offers of Paytm and Baba Ramdev-led Patanjali group's Ruchi Soya, sources said. The meeting of the parliamentary standing committee on finance, chaired by former minister of state for finance Jayant Sinha, lasted [...]
Sri Lankan President Gotabaya Rajapaksa revokes state of emergency
Sri Lankan President Gotabaya Rajapaksa late Tuesday night revoked the state of emergency he had declared on April 1 with immediate effect. In a gazette notification no 2274/10 issued late Tuesday night, the president said he has withdrawn the emergency rule ordinance which gave security forces sweeping powers to curb any disturbance in the country. [...]
Wipro Consumer Care opens new factory in Hyderabad
Hyderabad, Apr 5 (PTI) Wipro Consumer Care & Lighting on Tuesday opened its new factory at Maheshwaram here with an investment of Rs 300 crore. Telangana Industries Minister K T Rama Rao and Founder Chairman of Wipro Group Azim Premji inaugurated the facility. Wipro Consumer Care commenced construction of the facility in 2018 with the [...]
‘The Kashmir Files’ depicts true history of valley: Gadkari
New Delhi, Apr 5 (PTI) Union Minister Nitin Gadkari on Tuesday said 'The Kashmir Files' has brought out the true history of the valley and the film will be remembered for long. He made these remarks at an event organised to felicitate the actors of the film Anupam Kher, Pallavi Joshi and the director Vivek [...]
NGO asks govt to block Battlegrounds Mobile India
New Delhi, Apr 5 (PTI) Demanding blocking of mobile game Battlegrounds Mobile India, NGO Prahar on Tuesday claimed that Chinese internet company Tencent and South Korean firm Krafton have misled the government and reintroduced the banned gaming app PUBG in India by changing its name. Krafton is the publisher of Battlegrounds Mobile India (BGMI). Earlier, [...]
Greater Noida authority hikes minimum residential, farm land purchase price
Noida, Apr 5 (PTI) The Greater Noida Industrial Development Authority (GNIDA) on Tuesday said it has increased the minimum rate for buying farmland from Rs 3,500 per square metre to Rs 3,750 per sq metre with effect from April 1.The GNIDA also announced an increase of around Rs 5,000 to Rs 7,000 per square metre [...]
Petrol prices in India rose only 5% as against 50% in some developed nations: Puri
New Delhi, Apr 5 (PTI) Petroleum Minister Hardeep Singh Puri on Tuesday said that though Russia-Ukraine war has impacted the fuel prices across the world recently, the increase in India worked out to be only 5 per cent during April 2021 and March 2022 as against over 50 per cent in some developed and developing [...]
Bandhan Bank loan book rises 16% in Q4; crosses Rs 1 lakh crore-mark
Mumbai, Apr 5 (PTI) Kolkata-based Bandhan Bank on Tuesday said its loan book crossed the Rs 1 lakh crore-mark for the first time in January-March 2022, registering an increase of 16 per cent compared to the same period a year ago. The bank's total loan stood at Rs 1,01,359 crore during Q4 of FY22. Deposits [...]
India needs $17.77 tn to meet long term net-zero goals: Report
Mumbai, Apr 5 (PTI) The country will need USD 17.77 trillion to meet its long term net-zero goals but it will have to find additional resources worth USD 12.4 trillion to complete the green journey, according to a study.If this funding gap is met from external sources then household spending will rise by USD 7.9 [...]
Area covered under organic farming in J&K at record high: LG
Jammu, Apr 5 (PTI) Jammu and Kashmir Lt Governor Manoj Sinha on Tuesday said that the Union Territory has registered a record increase in terms of area covered under natural farming, and is giving an impetus to organic farming. He also said that in the long run, organic farming with technology-based assistance will reduce the [...]
Industry leaders discuss creation of robust supply chains, unlocking innovation at MS event
New Delhi, Apr 5 (PTI) Industry veterans from leading companies shared their insights on various topics -- including the creation of resilient supply chains, operating safe and agile factories and unlocking innovation -- at Microsoft's Future Ready Industry week, Manufacturing edition' held on Tuesday.In a statement, Microsoft said that in the context of business priorities [...]
Bandhan Bank’s overall collection efficiency ratio at 96%
Kolkata, Apr 5 (PTI) The overall collection efficiency ratio (CER) of private lender Bandhan Bank stood at 96 per cent at the end of financial year 2021-22, against 93 per cent in the preceding third quarter, the bank said in a statement on Tuesday.Loans and advances of the bank grew 16 per cent year-on-year at [...]
Company does not die upon amalgamation, transferee firm can be fastened with IT liability: SC
New Delhi, Apr 5 (PTI) The Supreme Court on Tuesday held that a company does not die upon amalgamation with a transferee company which can be fastened with the income tax liabilities of the amalgamated firm depending upon the terms of amalgamation and facts of each case. A bench comprising justices U U Lalit and [...]
Zoom opens technology centre in Chennai; second in the country
Chennai, Apr 5 (PTI): Zoom Video Communications on Tuesday said its Indian entity ZVC India has set up its technology centre the first such facility in Tamil Nadu and second in the country. The Chennai Technology Centre was part of Zoom's expansion plans and would supplement the existing unit in Bengaluru. The company has two [...]
TN CM lays foundation stone laid for footwear unit
Chennai, Apr 5 (PTI): Tamil Nadu Chief Minister M K Stalin laid the foundation stone for a footwear manufacturing unit in Villupuram set up by Cheyyar SEZ Developers, a group company of Lotus Footwear Enterprises Ltd, the government said on Tuesday. The facility, spread across 167.41 acre land would come up at the State Industries [...]
India pledges Nepalese Rs 41.13 million for waste water management
Kathmandu, Apr 5 (PTI) India has pledged to provide grant assistance of Nepalese Rs 41.13 million for waste water management project in eastern Nepal, an official statement said on Tuesday.The Embassy of India signed the MoU with the Ministry of Federal Affairs and General Administration, Government of Nepal & Khumbu Pasang Lhamu Rural Municipality, Soulukhumbu [...]
Poonawalla Fincorp AUM grows 17 pc to Rs 16,575 crore
New Delhi, Apr 5 (PTI) Poonawalla Fincorp on Tuesday said its assets under management (AUM) grew 17 per cent year-on-year to Rs 16,575 crore at the end of the quarter ended March 31, 2022.The AUM growth was 9 per cent quarter-on-quarter.The assets under management for the housing finance subsidiary Poonawalla Housing Finance Limited crossed the [...]
Marico expects low single-digit growth in India revenue in Q4 FY22
New Delhi, Apr 5 (PTI) FMCG major Marico on Tuesday said its domestic business in the January-March quarter stayed relatively firm, helped by "low single-digit" revenue growth and marginally positive volumes.The company expects a "marginal growth" in profits in Q4 due to a rise in input costs and higher advertising and promotional spending.The "consolidated revenue [...]
Yes Bank net advances up 8.8 pc to Rs 181,508 cr in FY22
New Delhi, Apr 5 (PTI) Yes Bank on Tuesday said its net advances grew by 8.8 per cent to Rs 181,508 crore in the fiscal ended March 31, 2022. The bank's net advances were at Rs 166,893 crore in the previous fiscal ended March 2021. Of the net advances during FY22, the gross retail disbursements [...]
IIFL Finance buys back USD 50 mln overseas bonds
Mumbai, Apr 5 (PTI) Non-banking finance company IIFL Finance on Tuesday said it has bought back USD 50 million worth of overseas bonds with funds raised through a loan from a global bank. The buyback will reduce the company's cost of funds by around 225 basis points. IIFL Finance had raised USD 400 million through [...]
UK-based Nithia acquires steel maker CREST for Rs 600 cr
New Delhi, Apr 5 (PTI) UK-based advisory and investment firm Nithia Capital on Tuesday announced the acquisition of Crest Steel and Power Pvt Ltd (CREST) in Chhattisgarh for Rs 600 crore through an insolvency process. This acquisition has been completed under an insolvency process in partnership [...]
Funskool India acquires rights from Goliath to manufacture and market ‘Sequence’ game
Chennai, Apr 5(PTI): Toy manufacturer Funskool India Ltd on Tuesday said it has acquired the rights from international brand Goliath to manufacture and distribute popular game 'Sequence' in the country. 'Sequence' is a combination of board and car game, can be played by two to 12 players. It was developed by Doug Reuter in 1981. [...]
SAP, Amul, Pratham to impart digital literacy skills to 1.2 lakh Gujarat residents
Anand (Gujarat), Apr 5 (PTI) German tech firm SAP on Tuesday announced a tie up with dairy major Amul to impart digital literacy skills to at least 1.2 lakh residents of Gujarat in the next one year. SAP's President and Managing Director for Indian subcontinent Kulmeet Bawa declined to disclose the overall commitment to what [...]
Beams Fintech Fund completes first close of its maiden fund at Rs 270 cr
New Delhi, Apr 5 (PTI) Beams Fintech Fund on Tuesday said it has completed the first close of its maiden fund at Rs 270 crore within three months of its launch and is planning to invest in growth-stage companies.Beams -- founded by Fintech veteran Sagar Agarwal, Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain, Gaurav Jain [...]
Greater Noida authority hikes minimum farm land purchase price after six years
Noida, Apr 5 (PTI) The Greater Noida Industrial Development Authority (GNIDA) on Tuesday said it has increased the minimum rate for buying farm land from Rs 3,500 per square metre to Rs 3,750 per sq metre with effect from April 1. The decision, announced after the 126th board meeting of GNIDA held in Greater Noida [...]
Carlyle arm offloads 2.6 cr shares of SBI Cards for Rs 2,229 cr
New Delhi, Apr 5 (PTI) US private equity fund CA Rover Holdings, part of the Carlyle Group, on Tuesday offloaded 2.6 crore shares of SBI Cards and Payment Services Ltd for a little over Rs 2,229 crore through an open market transaction. According to bulk deal data available with the NSE, CA Rover Holdings sold [...]
Tata Steel output falls 3 pc to 7.57 MT in Q4; sales jump 4 pc to 7.82 MT
New Delhi, Apr 5 (PTI) Tata Steel on Tuesday said its consolidated steel output stood at 7.57 million tonnes (MT) for the quarter ended March 31, 2022, registering a year-on-year fall of about 3 per cent. The company had produced 7.80 MT of steel during the January-March quarter of financial year (FY) 2020-21, Tata Steel [...]
India Inc raises record green capital of $19 bn in 2021
Mumbai, Apr 5 (PTI) India Inc has raised a record USD 19 billion in green capital in 2021, led by Wall Street major Bank of America, which is only a fraction of the USD 1 trillion that global corporations raised in green financing in the year.While corporate India raised USD 19 billion in green capital [...]
Phool raises Rs 60 cr from Sixth Sense Ventures, Alia Bhatt, IAN Fund
New Delhi, Apr 5 (PTI) IIT Kanpur-backed startup Phool has raised USD 8 million (about Rs 60 crore) from three investors, including Sixth Sense Ventures. The money was raised in a series A round which also saw participation from existing investors -- actor Alia Bhatt and IAN Fund. Incubated at the startup's Incubation and Innovation [...]
Musk to join Twitter’s board
New Delhi, Apr 5 (PTI) Microblogging platform Twitter will appoint Tesla and SpaceX founder Elon Musk to its board, a senior company official said. This comes after Musk bought 9 per cent stake in the social media platform for about USD 3 billion. On April 4, Twitter entered into a letter agreement with the billionaire, [...]
DCX Systems files draft papers with Sebi to raise up to Rs 600 cr through IPO
New Delhi, Apr 5 (PTI) DCX Systems, a leading player for the manufacture of electronic sub-systems and cable harnesses, has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 600 crore through an initial public offering (IPO). The public issue comprises fresh issue of equity shares, aggregating up to Rs 500 [...]
Govt extends timeline for loan disbursement for ethanol projects till Sep
New Delhi, Apr 5 (PTI) The government on Tuesday extended the timeline for disbursement of loan for ethanol projects under different schemes till September 30 this year, as part of its efforts to boost domestic production and achieve ethanol blending of 20 per cent by 2025. In an official statement, the government said it has [...]
Essential commodities sizzle in Kolkata markets as fuel prices skyrocket
Kolkata, Apr 5 (PTI) Essential commodities are becoming dearer by the day in the metropolis as fuel prices continue to touch new highs, burning a hole in the pockets of the common man.Prices of vegetables, foodgrains and cooking oil have been on the upward curve since the last one week in most Kolkata markets, traders [...]
Torrent Power raises Rs 600 cr via NCDs
New Delhi, Apr 5 (PTI) Torrent Power has raised Rs 600 crore through the issuance of 6,000 non-convertible debentures (NCDs) on a private placement basis."Company has issued and allotted Series 8 - 6,000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of 600 Crore at a coupon rate of 6.20 per cent pa, 6.70 [...]
Large-cap stocks that gave multibagger returns last financial year
Large-cap companies in the Indian context are those companies that have a market capitalization of ₹25000 crores or more. These companies are usually well established and are very stable even during negative events. In general, these companies have covered about 80% of the total money that is circulating in the stock market. A few large-cap [...]
Porsche India opens dealership network in Chennai, Bengaluru
Chennai, Apr 5 (PTI) German luxury sports carmaker Porsche on Tuesday announced appointment of KUN Premium Cars Pvt Ltd as its dealer partner for Porsche Centre Chennai.Strengthening its presence in southern region, the company has set up VST Supercars Pvt Ltd as in charge of Porsche Centre in Bengaluru. Both the business partners have initiated [...]
Dr Lal PathLabs launches pilot project to transport blood samples using drones
New Delhi, Apr 5 (PTI) Diagnostic services provider Dr Lal PathLabs on Tuesday said it has launched a pilot project to use drones for transporting blood samples. The use of drones would expand Dr Lal Pathlab’s services to inaccessible locations, the company said in a statement. Pilot projects are being launched across multiple remote, semi-urban [...]
J&K economy grows 7.5% in FY22
Jammu, Apr 5 (PTI) The economy of Jammu and Kashmir registered 7.5 per cent growth in last fiscal year on various initiatives undertaken by the finance department, an official said. The department took various initiatives for completion of more projects than in previous years, enhancement of revenue collection, besides ensuring financial discipline for improving public [...]
Resurgent Power completes acquisition of Sikar-Neemrana power transmission project
New Delhi, Apr 5 (PTI) Resurgent Power Ventures has completed the acquisition of electricity transmission project NRSS XXXVI Transmission Ltd under debt resolution initiated by PTC India Financial Services via competitive bidding."Pursuant to the Letter of Intent (LOI) issued by the lenders of NRSS XXXVI Transmission Ltd (NRSS XXXVI), Resurgent Power Ventures Pte Ltd (Resurgent) [...]
Rupee surges 24 paise to 75.29/USD
Mumbai, Apr 5 (PTI) Rising for the third straight session, the rupee climbed 24 paise to close at 75.29 against the US dollar on Tuesday amid persistent foreign fund inflows and weakening of the American currency overseas. However, elevated crude oil prices and lingering geopolitical concerns capped the gains, forex traders said. At the interbank [...]
Parliament passes accountancy bill
New Delhi, Apr 5 (PTI) Parliament on Tuesday passed a bill to revamp the functioning of the institutes of chartered accountants, cost accountants and company secretaries, with Union Minister Nirmala Sitharaman asserting that the changes will usher in transparency and will not in any way impact the autonomy of these bodies. Rajya Sabha passed the [...]
Not activating countercyclical capital buffer: RBI
Mumbai, Apr 5 (PTI) The Reserve Bank on Tuesday said it has decided not to activate the countercyclical capital buffer at this point in time as it is not required.The framework on the countercyclical capital buffer (CCyB) was put in place by the Reserve Bank in terms of guidelines in February 2015 wherein, it was [...]
Hariom Pipe Industries’ IPO subscribes 7.93 times on final day
New Delhi, Apr 5 (PTI) The Rs 130-crore Initial Public Offering (IPO) of Hariom Pipe Industries was subscribed 7.93 times on the final day of bidding on Tuesday on the back of a strong support from retail investors. The public issue received bids for 6.74 crore shares as against the 85 lakh on offer, translating [...]
ICRIER partners Prosus to establish research centre
New Delhi, Apr 5 (PTI) Economic think tank ICRIER on Tuesday said it has partnered with global internet group Prosus to establish a research centre. The centre -- ICRIER Prosus Centre for Internet and Digital Economy (IPCIDE) -- will conduct research at the intersection of technology, policy and economics, ICRIER said in a statement. Areas [...]
Milk prices to remain firm, prices wont go down but will only go up: Amul MD
Anand (Gujarat) Dairy major Amul feels prices will remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, a top official said on Tuesday. "Prices will be firm, I can't say by how much. They can't go down from here, can only go up," Amul MD RS Sodhi told PTI when [...]
Jio-bp and TVS Motor Company to Collaborate on EV Solutions
Mumbai, Maharashtra, India (NewsVoir) Jio-bp and TVS Motor Company today announced that they have agreed to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp’s growing network in this space. Under this proposed partnership, the customers of TVS electric vehicles are expected to [...]
Saregama Digitises Another 10,000 Retro Songs – Catalogue Grows to 1,42,000
Punarjanam- A digitisation initiative launched by Saregama during lockdown now adds 10,000 more retro songs building the library to 1,42,000 musical gems Mumbai, Maharashtra, India: Continuing its digitisation efforts activated during lockdown, Saregama has added 10,000 musical marvels to its digital catalogue. With songs like Ashok Kumar’s ‘Dekha Khayal Yaar Mein’ from the 1930’s mega [...]
Action is taken against food adulteration by state and district level officers: Govt
New Delhi, Apr 5 (PTI) The government on Tuesday said action is taken against food adulteration under the Food Safety and Standards Act by state commissioners and food officers at the state and district levels, respectively. In a written reply to the Rajya Sabha, Minister for Health and Family Welfare Mansukh Mandaviya said that Food [...]
Greater Noida: Rs 2,000 cr for land acquisition, Rs 1,400 cr for development in 2022-23
Noida, Apr 5 (PTI) The Greater Noida Industrial Development Authority (GNIDA) on Tuesday approved a budget of over Rs 5,100 crore for 2022-23, allocating Rs 2,000 crore from it for land acquisition and Rs 1,400 crore for development works in villages and residential sectors. This is the biggest budget for any fiscal year since 2017-18 [...]
Cycle Pure Launches ‘PrayforVictory’ Contest on Instagram
Bengaluru, Karnataka, India (NewsVoir) Cycle Pure Agarbathi, the world’s largest manufacturer of agarbathi, has launched the 'PrayforVictory' contest on its Instagram page www.instagram.com/cycle.in. The contest will run for two months, with one question everyday. The contest invites participants to answer fun questions and stand a chance to win goodies from www.cycle.in. The contest is an [...]
Jio-bp, TVS Motor to set up EV charging infra
New Delhi, Apr 5 (PTI) Jio-bp -- the fuel retailing joint venture of Reliance Industries and British energy giant BP -- will set up public EV charging infrastructure for electric two-wheelers and three-wheelers in collaboration with TVS Motor Company. "Jio-bp and TVS Motor Company have agreed to explore the creation of a robust public EV [...]
Bigfatphoenix Interactive launches Fairside Stories – Conversational Role-Playing Gaming App for Kids
Grounded in scientific research and created by world-class game designers, these games help kids with social-emotional learning and life skills Chennai, Tamil Nadu, India – Business Wire India Bigfatphoenix Interactive (BFP) is happy to announce Fairside Stories, a one-of-a-kind app where kids can develop their social and ethical decision-making skills in a safe environment, by [...]
MakeMyTrip’s fintech arm buys majority stake in BookMyForex
Mumbai, Apr 5 (PTI) MakeMyTrip's fintech arm TripMoney on Tuesday said it has acquired a majority stake in online foreign currency exchange services provider BookMyForex to become a one-stop solution for all forex needs.BookMyForex's suite of services, including currency exchange that offers real-time exchange rates, multi-currency prepaid forex cards, cross border remittances and other ancillary [...]
I-T dept, ED, CBI probing irregularities in NSE co-location case: Govt
New Delhi, Apr 5 (PTI) The income tax department, ED and CBI are investigating the case related to irregularities in co-location facility provided by NSE, Minister of State for Finance Pankaj Chaudhary said on Tuesday. In a written reply in the Rajya Sabha, the minister said market regulator Sebi, after investigation into the matter involving [...]
HarperCollins is proud to announce the release of DIGITAL LEAPFROGS: How technology is reshaping consumer markets in India by Vijay Mahajan
NEW DELHI, April 5, 2022 /PRNewswire/ -- HarperCollins is excited to announce its latest publication, DIGITAL LEAPFROGS: How technology is reshaping consumer markets in India by Vijay Mahajan which is slated for release on 7th April 2022. Non-fiction | Hardcover | INR 599 Digital Leapfrogs illustrates how technology is changing markets and lives throughout the [...]
Around 48% beneficiaries in 5 states fully aware of ration card portability; need greater awareness: Study
New Delhi, Apr 5 (PTI) Only about 48 per cent of the beneficiaries in five states, including Uttar Pradesh, are fully aware of the ration card portability and need to focus on greater awareness to make the ONORC scheme more inclusive, according to a study released on Tuesday.The study by a social impact advisory group [...]
Gold slips Rs 159; silver sheds Rs 149
New Delhi, Apr 5 (PTI) Gold prices in the national capital on Tuesday declined by Rs 159 to Rs 51,373 per 10 grams, tracking weak global cues and rupee appreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 51,532 per 10 grams. Similarly, silver slipped by Rs 149 [...]
NTPC inks pact with Gujarat Gas for blending green hydrogen with piped natural gas
New Delhi, Apr 5 (PTI) State-run power giant NTPC has inked a pact with Gujarat Gas Ltd for an initiative to blend green hydrogen with the piped natural gas (PNG) supplied by the latter. Green hydrogen will be produced by using electricity from the existing 1 MW floating solar project of NTPC Kawas. This will [...]
SEA asks edible oil makers refrain from raising prices
Amid a sharp rise in prices of edible oils, industry body SEA on Tuesday requested its members to refrain from increasing the maximum retail price (MRP) to avoid inconvenience and provide relief to consumers. Solvent Extractors Association of India (SEA) President Atul Chaturvedi said in a letter to its members that the country is grappling [...]
Skye Air ties up with SRL for transporting pathology samples via drones in Mumbai, Gurugram
Mumbai, Apr 5 (PTI) Drone delivery logistics firm Skye Air Mobility has inked a long-term pact with SRL Diagnostics for faster transportation of pathology samples in Gurugram and Mumbai. As part of this collaboration, the two companies will conduct Beyond Visual Line of Sight Operations-based drone delivery trial flights in designated green zones in the two [...]
MUM BULLION CLOSING RATES
MUMBAI, APR 5 (PTI) CLOSING RATES SILVER SPOT (IN RS PER KILO) : 66468.00 STANDARD GOLD (99.5) : 51245.00 PURE GOLD (99.9) : 51451.00 ------------ PTI MUM SVC SVC
Tek Travels DMCC buys 51% stake in BookaBed AG
Mumbai, Apr 5 (PTI) Tek Travels DMCC, a wholly-owned subsidiary of global travel distribution platform TBO Tek, on Tuesday said it has acquired a 51 per cent stake in Switzerland-based B2B accommodation wholesaler BookaBed AG."We are excited to welcome everyone at BookaBed to the TBO family. BookaBed allows TBO's entry into the Irish market and [...]
Markets snap two-session rally; HFDC twins slip on profit-booking
Mumbai, Apr 5 (PTI) Equity benchmarks took a knock on Tuesday after two days of sharp upmoves as investors pocketed gains in banking and financial stocks after their recent rally. HDFC twins, which topped the gainers' chart in the previous session after announcing their mega merger, were the biggest drags on Tuesday. Investor focus also [...]
Over Rs 30,160 crore loans sanctioned under Stand-Up India scheme in 6 years
New Delhi, Apr 5 (PTI) Over Rs 30,160 crore loans have been sanctioned under the Stand-Up India scheme in the past six years, the Finance Ministry said on Tuesday.Stand up India Scheme was launched on April 5, 2016, to promote SC, ST and women entrepreneurs at the grassroot level focusing on economic empowerment and job [...]
Epsilon Carbon to invest Rs 1,200 cr to set up world’s first nodule processing plant
Mumbai, Apr 5 (PTI) Leading carbon black producer Epsilon Carbon has announced the world's first polymetallic nodule plant with an investment of Rs 1,200 crore as part of its plans to enter the cathode sector.It has also inked a nodule sourcing pact with an American company.Epsilon on Tuesday signed an agreement with Nasdaq-listed The Metals [...]
US-based Triton Electric Vehicle to set up commercial EV plant in Gujarat
Ahmedabad, Apr 5 (PTI) US-based Triton Electric Vehicle LLC on Tuesday signed an agreement with the Gujarat government to set up a commercial electric vehicle manufacturing plant at Bhuj in Kutch district with a total investment of Rs 10,800 crore. As per the agreement, Triton Electric Vehicle will set up the plant over 645-acre land [...]
Tredence Inc to hire 500 employees this year
Mumbai, Apr 5 (PTI) Data science solutions provider Tredence Inc on Tuesday said it plans to hire 500 employees by the end of this year. Currently, the company has over 1,600 employees. "Expanding our reach into new talent markets is a critical component of our growth plan. We plan to do so by constantly looking [...]
Parliament approves accountancy bill
New Delhi, Apr 5 (PTI) Parliament on Tuesday approved a bill to revamp the functioning of the institutes of chartered accountants, cost accountants and company secretaries, with Finance Minister Nirmala Sitharaman asserting that the changes will not impact the autonomy of these bodies. Rajya Sabha passed the Chartered Accountants, the Cost and Works Accountants and [...]
Welspun One Logistics Parks leases over 4-lakh sq ft of warehousing space to Ecom Express
Mumbai, Apr 5 (PTI) Asset management platform Welspun One Logistics Parks has leased out over 4-lakh sq ft of warehousing space in the logistic hubs of Bhiwandi and Farukhnagar to Ecom Express.As per the terms of the deal, the leasing period for the warehousing spaces will be for nine years at both the parks and these [...]
Auto industry to reach pre-pandemic highs by FY2024: FADA
New Delhi, Apr 5 (PTI) Supply chain disruptions and low demand across segments, especially two-wheelers, are expected to impact automobile retail sales in the current fiscal with the turnaround anticipated only in the next financial year, automobile dealers' body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), the on-going Russia-Ukraine war and [...]
All 427 Students of Chennais Amirta who Participated in Campus Interview at Bengaluru, Bag Hospitality Jobs from Leading Brands
Bengaluru, Karnataka, India (NewsVoir) • 25+ four/five-star properties primarily from Bengaluru, Chennai, Kerala and Andhra Pradesh participated in the campus interview and issued job orders on the spot • 200+ brands from across the country participated in the campus drive held online through their representatives A mega campus drive at the Bengaluru Campus of Chennais [...]
Spinny launches Spinny Max to sell luxury segment pre-owned cars
Mumbai, Apr 5 (PTI) Online pre-owned car retailing platform Spinny on Tuesday announced the lunch of Spinny Max which will offer customers a range of pre-owned premium cars such as Mercedes-Benz, BMW, Audi and JLR, among others. Spinny Max, which will operate pan-India with delivery service through 250 cities offering an assortment of over 500 [...]
Grant Thornton Bharat sets up new office at GIFT City
New Delhi, Apr 5 (PTI) Advisory and consultation firm Grant Thornton Bharat has started operations from its new office at Gujarat International Finance Tec-City (GIFT City) IFSC after getting requisite approvals. Grant Thornton Bharat has commenced operations from April 1, 2022, in GIFT City IFSC. The company has been working with the authorities and has [...]
U GRO Capital public issue of bonds opens on Thursday to raise up to Rs 100 cr
New Delhi, Apr 5 (PTI) U GRO Capital, a non banking financial company focussed on small and medium enterprises, on Tuesday announced opening of public issue of bonds later this week to raise up to Rs 100 crore. The public issue of bonds scheduled to open on April 7, 2022 has a base issue size [...]
KVB clocks over Rs 1.25 lakh crore total business
Chennai, Apr 5 (PTI): Private sector Karur Vysya Bank on Tuesday said the total business of the bank breached Rs 1.25 lakh crore as on March 31, 2022. The total deposits of the bank stood at Rs 68,676 crore while advances at Rs 58,086 crore, aggregating to Rs 1,26,762 crore, the Tamil Nadu based bank [...]
MUM PEPPER COPRA CLOSING RATES
MUMBAI, APR 5 (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
Govt orders blocking of 18 Indian, four Pakistani YouTube-based news channels
New Delhi, Apr 5 (PTI) The Ministry of Information and Broadcasting has directed the blocking of 22 YouTube-based news channels, of which four are from Pakistan, alleging that they were spreading fake news that could impact national security, foreign relations and public order. This is the first time that action has been taken against the [...]
COMMODITY PRICES
MUMBAI, APR 5 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 805.00 COPPER HEAVY SCRAPS 794.00 COPPER ARMATURE (CREDIT) 779.00 COPPER UTENSILS SCRAP 720.00 CC ROD 852.00 CC ROD (RECYCLEED) 805.00 BRASS :- BRASS SHEET CUTTING 579.00 BRASS UTENSIL SCRAP 543.00 BRASS HONEY 518.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 207.00 ALUMINIUM [...]
EKI Energy arm begins production of fuel-efficient cooking stoves at Nashik plant
New Delhi, Apr 5 (PTI) Climate change solutions provider EKI Energy Services on Tuesday said that its associate GHG Reduction Technologies has started operation at its Nashik plant to manufacture fuel-efficient cooking stoves. Branded as 'Agneeka', the improved cook stoves (ICS) will enable rural households across the globe to switch to an efficient cooking solution. [...]
4-5 % of Rs 1.25 lakh cr spent on CSR funds in past 7 yrs went to PM Cares: Govt
New Delhi, Apr 5 (PTI) Of the total Rs 1.25 lakh crore spent on CSR in the last seven years, only 4 to 5 per cent funds have gone to the PM Cares Fund and that too during the last two years amid COVID-19, Minister of State for Corporate Affairs Rao Inderjit Singh told the [...]
CCI penalises 24 entities, individuals for bid rigging in Indian Railways tenders
The Competition Commission has slapped penalties totalling around Rs 1.16 crore on 24 entities, including individuals, for indulging in bid rigging and cartelisation in tenders floated by the Indian Railways. As many as 11 entities and 14 individuals of these entities were found to have violated competition norms. Out of these 25, the regulator did [...]
OILSEEDS PRICES
MUMBAI, APR 5 (PTI) OILS (per 10 Kgs) G.Nut Raw 1610.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1650.00 Sunflower Exp.Ref. 1725.00 Cottonseed(Refined) 1560.00 Refined Palm Oil 1455.00 Soyabean Ref. 1480.00 Imp.Soyabean Crude - Rapeseed Ref. 1510.00 Rapeseed Exp. 1480.00 Copra white 1540.00 Rice Bran 4-7% FFA - Rice Bran 1310.00 Linseed - Castor [...]
Tata Steel uses inland waterways to ship heavy machinery for Kalinganar project
New Delhi, Apr 5 (PTI) Tata Steel on Tuesday said it has used inland waterways in Odisha to bring in heavy machinery for its ongoing Kalinganagar plant expansion project. Development of inland waterways for the industry is a focus area of the government as transportation of goods [...]
AkzoNobel India is Now Great Place to Work-Certified™
New Delhi, Delhi, India (NewsVoir) Receiving a strong positive validation of our People. Planet. Paint. company purpose, AkzoNobel India has been awarded the Great Place to Work® Certification (March 2022 to March 2023). This recognition is proof that AkzoNobel’s purpose-led ‘People’ initiatives are reaping employee trust and forging a work culture that is fair, respectful [...]
Five Reasons to Invest in Bajaj Finance Fixed Deposit and Enjoy High-interest Rates in 2022
Pune, Maharashtra, India (NewsVoir) During the financial year 2021-2022, the market shifted favourably for investors as FD issuers increased their interest rate offers. These rising FD rates in India are suitable for investors looking to inject steady returns into their portfolios. The FD has historically been a safe investment, one that many Indians have relied [...]
US lawmakers want India to restrict sale of Russian-origin diamonds
Washington, Apr 5 (PTI) A bipartisan group of American lawmakers has sought the help of the Biden administration in restricting the international trade and sale of Russian-origin diamonds, in view of the massive sanctions that the US and its European allies have imposed on Moscow. In a letter to Secretary of State Tony Blinken and [...]
Passenger vehicle demand to witness moderate growth over next few quarters: Report
The demand for passenger vehicles (PVs) will witness moderate growth over the next few quarters with complete unlocking of the economy and revival of demand, particularly in the rural areas, according to Acuite Ratings & Research. However, it said the volumes may remain partly constrained due to the continuing supply challenges in semiconductors and also [...]
Dr Reddy’s launches generic Methylprednisolone Sodium Succinate for injection in US
New Delhi, Apr 5 (PTI) Pharma major Dr Reddy's Laboratories Ltd on Tuesday said it has launched its generic Methylprednisolone Sodium Succinate for injection, indicated for various conditions including arthritis, blood disorders and severe allergic reactions, in the US market. The injection is the generic equivalent of SOLU-MEDROL and has been approved by the US [...]
Guar gum futures gain on spot demand
New Delhi, Apr 5 (PTI) Guar gum prices on Tuesday gained Rs 241 to Rs 12,739 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 241 or 1.89 per cent to Rs 12,739 [...]
Guar seed futures rise on fresh bets
New Delhi, Apr 5 (PTI) Guar seed prices on Tuesday rose by Rs 44 to Rs 6,541 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 44 or 0.67 per [...]
Manipal Hospital Millers Road conducts walkathon to spread awareness about the adverse effects of obesity
Marking World Obesity Day, many Bengalurians, including obese patients & medical practitioners, walked for the cause BENGALURU, India, April 5, 2022 /PRNewswire/ -- Nearly 8 million women and 4.4 million men are obese in India. Keeping this in mind, Manipal Hospital Millers Road flagged off a walkathon marking World Obesity Day with the aim of [...]
The IMC Ladies’ Wing Creates an IMPACT
Mumbai, Maharashtra, India (NewsVoir) The flagship event of IMC Ladies' Wing - IMPACT 2022 is back physically after a hiatus of 2 years. IMPACT celebrates and honours every facet of womanhood in the most contemporary and relevant way. This year the event was held on 29th March 2022 at Nehru Centre Auditorium Worli. The endeavour [...]
Union Minister Sonowal lauds contribution of Indian seafarers during pandemic
New Delhi, Apr 5 (PTI) Union Minister Sarbananda Sonowal on Tuesday emphasised the important contribution of seafarers during the tough times of COVID-19 in making the country self-reliant and keeping global supply chain operational.The Ports, Shipping and Waterways minister further said during the height of the pandemic, more than 2,10,000 Indian seafarers served on Indian and foreign ships in 2021. [...]
11 Stocks to buy now for short term gains – Axis Direct
Benchmark Indices are in the red today, however, the Nifty 50 is holding the 18,000 point level. The Sensex is hovering at ₹60,391.96 levels. Most sectoral indices like power, auto and FMCG are trading in the green, except bank and realty. Axis Securities has given the following stock recommendations: Firstsource Solutions Ltd CMP: ₹ 133.45Entry [...]
PharmaFlair, a Pharma B2B Portal, Explains How Pharma Franchise and PCD Pharma Businesses Plan to Grow in 2022-2025
Panchkula, Haryana, India – Business Wire India The Indian Pharmaceutical Industry, which is the 3rd largest by volume worldwide, is now gaining its flow back. The pharma sector has faced tough challenges in the past two years due to COVID & high dependency on imports of API's & other important raw ingredients. Despite all the [...]
Noida Authority to allow mortgage permission to builders for Centre’s stress fund
Noida, Apr 5 (PTI) Mortgage permission will be granted to real estate developers in Noida in a bid to help them access the Centre's stress funds to complete their projects, the local authority here said. The decision to grant mortgage permission and reschedule dues was taken during the 204th Board Meeting of the Noida Authority [...]
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