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Midcap stock jumps after Tata Mutual Fund buys stake in the company
The shares of the financial service provider gained up to 2.3 percent after Tata Mutual Fund bought 3.75 lakh equity shares in the company. With a market capitalization of Rs 56,726.88 crore, the shares of Motilal Oswal Financial Services Ltd were trading at Rs 947.70 per share, increasing around 1.81 percent as compared to the [...]
Metal stock jumps after company’s net profit increases by 57% YoY
The shares of this micro-cap metal stock engaged in manufacturing non-ferrous metal products and its alloy products and winding wires surged over 2 percent on Wednesday after the company reported a remarkable 57 percent YoY increase in revenue and strong net profit growth in its recent half-yearly results. Share Price Movement The share price of [...]
Stock backed by GQG partner in which promoter increased their stake by 7% in Q2
According to Investingindia, India's airport and airport services industry is rapidly growing, currently hosting 157 operational airports and handling 341 million passengers annually. With a projected increase to 200 airports by FY40, the industry is set for significant expansion, driven by rising middle-class demand and government initiatives like the UDAN scheme, enhancing regional connectivity. With [...]
Transformer stock in focus after receiving ₹263 Cr order from Gujarat Energy Transmission Corp
Shares of transformer stock engaged in manufacturing various types of oil-filled Power & Distribution Transformers draw investor interest after securing an order from Gujarat Energy Transmission Corporation for the supply of various ratings of Power Transformers for the value of Rs.263.33 crore. Price Movement In Tuesday's trading session, Voltamp Transformers Ltd's share price fell in [...]
Market leader stock jumps 4% after launch of new automotive component for commercial production
Shares of a leader in designing & manufacturing automotive wheels under both steel & alloy category surged 5.3 percent on BSE to Rs. 215.35 on Tuesday, after announcing a new product launch in the Automotive Component category and the commencement of commercial production at its existing facility. With a market cap of Rs. 3,379.5 crores, [...]
Navratna stock jumps 5% after company’s board to consider bonus issue
Navratna PSU which is India's largest iron ore producer involved in the exploration of a range of minerals like copper, rock phosphate, limestone, and many more jumped upto 5 percent in the day’s trade following proposal of issuing bonus shares of the company. Price Action With a market capitalization of Rs. 68,796 Crores, the shares [...]
Steel stock jumps 4% after commissioning blast furnace and sinter plant worth ₹600 Cr
The shares of the leading metal-producing company gained up to 4 percent after the company commissioned a new blast furnace and launched a sinter plant at its Jamuria facility with an investment of Rs 600 crore. With a market capitalization of Rs 24,285.87 crore, the shares of Shyam Metalics and Energy Ltd were trading at [...]
Chemical stock jumps 8% after reporting 73% increase in net profits; Announces expansion
Chemical stock engaged in the business of manufacturing and marketing various aliphatic amines, amine derivatives, and other specialty chemicals jumped upto 8 percent in the day’s trade upon declaring robust Q2FY25 results with a 73 percent jump in Net Profits and the addition of a new plant for capacity expansion. Price Action With a market [...]
Transformer stock hits 5% upper circuit after company to expand its business in European markets
The stock of a company specializing in the manufacturing, supplying, erecting, testing, and commissioning of power and distribution transformers reached a 5 percent upper circuit limit in today's trading session. This increase comes after the board of directors announced plans to consider setting up a subsidiary in the UK to expand its presence in the [...]
Defence stock jumps 7% after reporting 76% YoY increase in net profits
During Tuesday’s trading session, the shares of India’s premier Warship and Submarine builders surged nearly 7.4 percent to Rs. 4,325.9 on BSE, after the company reported Q2 FY25 results with a rise in net profit by 76 percent YoY. With a market cap of Rs. 86,920.3 crores, at 01:59 p.m., the shares of Mazagon Dock [...]
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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
ideaForge Partners with PV Lumens to Distribute its Best-in-class UAVs Across India
Mumbai, Maharashtra, India (NewsVoir) India’s leading drone manufacturer, ideaForge Technology Private Limited has partnered with PV Lumens LLP, a rapidly growing distributor of safety, security, connectivity and productivity solutions to distribute its best-in-class UAVs across India. Through PV Lumens' reseller network, ideaForge will be able to increase its reach and penetration across the Indian market. [...]
Crude oil futures gain on spot demand
New Delhi, Apr 5 (PTI) Crude oil prices on Tuesday rose by Rs 141 to Rs 7,856 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 141 or 1.83 per cent to Rs 7,856 per barrel in 5,389 [...]
EVRE, Signature Global join hands to set up EV charging stations in Delhi-NCR
New Delhi, Apr 5 (PTI) Electric vehicle charging infratech provider, EVRE and real estate developer Signature Global on Tuesday announced a partnership for setting up EV charging stations across the latter's properties in Delhi-NCR. A memorandum of understanding has been signed between the two parties under which EV charging stations will be installed at eight [...]
NEWSALERT
Sri Lanka's new Finance Minister Ali Sabry resigns a day after his appointment. PTI CORR CPS AKJ CPS
T-Hub ties up with Renault Nissan’s tech & biz centre for innovation challenge for startups
New Delhi, Apr 5 (PTI) Innovation hub and ecosystem enabler, T-Hub on Tuesday said it has partnered with Renault Nissan Technology and Business Centre India (RNTBCI), for an open innovation challenge for startups. RNTBCI will partner with some of the most innovative automotive startups scouted by T-Hub through the challenge. The winning startups will get [...]
Passenger vehicle retail sales dip 5 pc in March to 2,71,358 units: FADA
New Delhi, Apr 5 (PTI) Domestic passenger vehicle retail sales in March declined by 4.87 per cent to 2,71,358 units, as compared to the same month last year, automobile dealers' body FADA said on Tuesday. According to the Federation of Automobile Dealers Associations (FADA), PV sales stood at 2,85,240 units in March 2021. "Passenger vehicles continue to [...]
Go Colors Launches its 500th Store Deepening its Pan-India Presence
Keeping in line with its growth strategy to open more doors closer to the consumer, Go Fashion India pushes ahead with expansion Chennai, Tamil Nadu, India (NewsVoir) Go Colors, owned by Go Fashion (India) Ltd., launched its 500th Exclusive Brand Outlet (EBO) in the city of Pune. The store is located in SGS Mall, Pune. [...]
Timex Launches its Square Bluetooth Calling Smartwatch – TIMEX FIT 2.0
Priced at INR 5995, this upgraded smartwatch comes with SpO2, heart rate and blood pressure tracking in addition to the Bluetooth calling feature. NEW DELHI, April 5, 2022 /PRNewswire/ -- Timex Group India Ltd, one of the largest watchmakers in the world recently announced the launch of their newest Bluetooth square calling smartwatch - TIMEX [...]
Ex-Paytm Techie Joins AmplyWealth as CTO; Purple Quarter Spearheads the Leadership Search
BENGALURU, India, April 5, 2022 /PRNewswire/ -- Online Fintech platform, AmplyWealth trusted Bangalore-based Purple Quarter to onboard Tajender Pal Singh as its Chief Technology Officer (CTO). Founded in 2021, AmplyWealth is on a mission to democratize trading for everyone with a community-led and technology-first approach toward financial growth and inclusion. To educate, engage and empower [...]
Supported by Global Health Care Foundation, WISH Sets up Intensive Care Unit at AIIMS Bibinagar, Hyderabad, Telangana
Hyderabad, India: Business Wire India Health System Strengthening is one of the core programs of WISH. Apart from bolstering the primary care system in India, WISH is also supporting tertiary care facilities by installing Oxygen plants, establishing Intensive Care Units (ICUs), Pediatric ICUs, and enhancing the healthcare system in general. WISH has developed an ICU [...]
MUM BULLION OPENING RATES
MUMBAI, APR 5 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 66445.00 STANDARD GOLD (99.5) : 51306.00 PURE GOLD (99.9) : 51512.00 ------------ PTI MUM SVC SVC
NCLT directs RattanIndia Finance to appoint Bipin Kabra as its CFO
New Delhi, Apr 5 (PTI) The National Company Law Tribunal (NCLT) has directed RattanIndia Finance to appoint Bipin Kabra as its chief financial officer (CFO), over the plea filed by the JV partner LSF 10 Rose Investments. LSF 10 Rose Investments, is a subsidiary of US-based private equity firm Lone Star Funds (LSF), and holds [...]
SBI DIRECT EXCHANGE RATES
MUMBAI, APR 5 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY CODE TTBUY TTSEL BILLBUY TTSEL USD/INR 74.75 76.25 74.69 76.41 EUR/INR 81.40 84.23 81.34 84.39 GBP/INR 97.40 100.55 97.32 100.75 JPY/INR 60.62 62.61 60.57 62.73 [...]
Tata Power Solar commissions 160 MW solar project in Rajasthan
New Delhi, Apr 5 (PTI) Tata Power Solar has commissioned a 160 MW AC solar project at Jetstar in Rajasthan. Around 6,75,000 monocrystalline PV modules were used in this installation and it will produce 387 million units of energy per year, according to a statement. "Tata Power Solar, one of India's largest integrated solar company [...]
Higher transportation cost pushes petrol rate in Maharashtra’s Parbhani district to Rs 122.67 per litre
Aurangabad, Apr 5 (PTI) With fuel prices being hiked multiple times over the last two weeks, the rate of petrol in Parbhani district in Maharashtra reached Rs 122.67 a litre on Tuesday, one of the highest prices in the country, mainly due to the higher transportation cost. The steep rise is also attributed to the [...]
ATUM Charge completes installation of 250 Universal Electric Vehicle charging stations pan-India
Mumbai, Apr 5 (PTI) Solar-powered EV charging solutions provider ATUM Charge on Tuesday said it has completed the installation of 250 Universal Electric Vehicle charging stations across the country in just six months. Of the 250 stations, as many as 36 have been set up in Maharashtra, 44 in Tamil Nadu, 48 in Telangana, 23 [...]
MUM PEPPER COPRA OPENING 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
Anarock buys 75% stake in coworking marketplace myHQ for Rs 125 cr
New Delhi, Apr 5 (PTI) Real estate consultant Anarock has acquired 75 per cent stake in myHQ, a booking platform for co-working spaces, in a cash and stock deal of around Rs 125 crore, as it seeks to tap the growing demand of flexible workspaces amid the COVID pandemic. myHQ, which is headquartered in Delhi-NCR, [...]
Rakesh Jhunjhunwala Portfolio realty stock hits upper circuit for 2nd consecutive day
Shares of Prozone Intu Properties Ltd hit the upper circuit in two consecutive trading sessions. It is locked at ₹24.65 apiece today. Ace investor Rakesh Jhunjhunwala holds 31,50,000 shares of the company and his holdings amount to ₹7.8 crores as per filing data related to the December quarter. Filing data related to his investment in [...]
Tata Housing plans Rs 1,200 cr investment to acquire land for premium housing, plotted development
New Delhi, Apr 5 (PTI) Tata group's real estate arm Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects as well as for plotted development, which has gained traction amid the COVID pandemic. In [...]
Dell India business grew 64% in year ended December 2021
New Delhi, Apr 5 (PTI) Dell Technologies India registered a record annual business growth of 64 per cent in the financial year ended December 2021, a senior company official said on Tuesday. The company's President and Managing Director Alok Ohrie said its demand velocity reflects how businesses continue to prioritise their digital transformation to help [...]
Top Republican Senator wants Biden administration to enter into a trade deal with India
Washington, Apr 5 (PTI) A top Republican lawmaker has welcomed India signing a trade deal with Australia, and urged the Biden administration to enter into a similar arrangement with New Delhi that can advance Washington’s strong economic agenda in the strategically vital Indo-Pacific region. “I'm pleased to see #Australia & #India sign a strong trade [...]
GHODAWAT CONSUMER CROSSES INR 1400 CR IN REVENUE (FY22)
KOLHAPUR, India, April 5, 2022 /PRNewswire/ -- Ghodawat Consumer Ltd. (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG), has achieved a momentous milestone of crossing INR 1400cr revenue in FY22. Founded in 2013, GCL has focused on constant product innovation, customer - centricity, affordability and quality, creating a unique brand identity for itself. These [...]
RBI MONEY MARKET OPERATIONS
MUMBAI, April 5 (PTI) Money Market Operations as on April 4, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 464,152.19 3.14 0.01-5.20 I. Call Money 9,308.26 3.25 2.20-3.40 II. Triparty Repo 344,847.35 3.13 2.90-3.35 III. Market Repo 109,958.58 3.17 0.01-3.50 IV. Repo [...]
UK PM Boris Johnson expected to visit India towards month end
London, Apr 5 (PTI) British Prime Minister Boris Johnson is planning a visit to India towards the end of this month with a focus on strengthening bilateral ties against the backdrop of the ongoing India-UK Free Trade Agreement negotiations, according to official sources. The visit, which is expected around April 22, is long overdue after [...]
Petrol, diesel prices hiked by 80 paise; total increase now stands at Rs 9.20 per litre
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre each, taking the total increase in rates in the last two weeks to Rs 9.20 per litre. Petrol in Delhi will now cost Rs 104.61 per litre as against Rs 103.81 previously, while diesel rates have gone up from Rs 95.07 per litre to Rs 95.87, [...]
NEWSALERT
Petrol, diesel prices hiked by 80 paise a litre each, total increase in 2 weeks now stands at Rs 9.20 a litre. PTI ANZ SRY
TCS signs ‘material multi-year contract’ with large US company
New Delhi, Apr 4 (PTI) IT services company Tata Consultancy Services (TCS) on Monday said it has signed a 'material multi-year contract' with a large US company, expanding its long-standing partnership to accelerate their cloud transformation journey.TCS, in a regulatory filing, further said, the transformation will serve as a platform for their future growth enabling [...]
Suspected technical snag forces Lucknow-bound IndiGo flight to return to Nagpur
Nagpur, Apr 4 (PTI) A Lucknow-bound IndiGo flight on Monday returned safely to the Nagpur airport from where it had taken off for its destination following a suspected technical snag, the private airline said.An IndiGo statement here said its flight 6E-7074, operating from Nagpur to Lucknow, "returned to origin after take-off following a suspected momentary [...]
Mobilloite opens office with capacity of 120 employees in Pune
New Delhi, Apr 4 (PTI) IT company Mobilloite has opened a new office in Pune with an initial capacity of 120 employees, the company said on Monday.Mobilloite employs 500 staff in India."There will be 120 personnel in their Pune office, which we recently opened. The opening of a new office is a market growth activity. [...]
Two independent directors of Future Enterprises resign
New Delhi, Apr 4 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Monday said two independent directors -- Anand Chndrasekaran and Malini Chopra -- have resigned from the board of the company. Both of them cited an increase of workload as among the reasons for their resignations, which is effective from Monday, the firm said in [...]
Cineline India re-enters film exhibition business with MovieMax brand
New Delhi, Apr 4 (PTI) Cineline India Ltd, part of Kanakia Group, on Monday announced its return to the film exhibition business with the launch of nine theatres across Maharashtra under the MovieMax brand. The company, which had been present in this business since 1997 under the brand name of Cinemax, recently re-branded itself as [...]
IndiGo co-promoter inks pact with IIT-Kanpur to set up school of medical sciences, tech
Mumbai, Apr 4 (PTI) IndiGo co-promoter Rakesh Gangwal on Monday signed a pact with IIT-Kanpur to jointly set up a school of Medical Sciences and Technology on the latter's campus. Gangwal, an alumnus of IIT-Kanpur, will also donate Rs 100 crore to establish the college. Besides, Gangwal will also be joining the Advisory Board of [...]
Govt begins inspection drive to curb hoarding of edible oils, oilseeds: Food secy
New Delhi, Apr 4 (PTI) The government on Monday said it has initiated an inspection drive to curb hoarding and black marketing of edible oils and oilseeds to arrest rising retail prices and boost their availability. The country, which is dependent on the imports of edible oil to meet over 60 per cent of its [...]
New ride hailing app allows passengers, cab drivers to negotiate fare online
Kolkata, Apr 4 (PTI) A new ride hailing app was launched in Kolkata on Monday which allows passengers and cab drivers to negotiate fare online before finalising the trip for city or outstation trips. inDriver, a California headquartered ride-hailing platform, on Monday announced the start of its services in the city with more than 4000 [...]
SC asks Amazon, Future to urge Delhi HC to hear enforcement pleas of US firm first
New Delhi, Apr 4 (PTI) The Supreme Court on Monday asked the Future Group and Amazon to jointly urge the Delhi High Court on April 5 to first hear the enforcement petitions of the US e-commerce major which also relate to the preservation of assets of Future Retail Limited (FRL). Amazon and Future Group are [...]
IFB Agro approves up to Rs 40 cr donation to political parties through electoral bonds
New Delhi, Apr 4 (PTI) Kolkata-based IFB Agro Industries' board has approved a contribution of up to Rs 40 crore to political parties through subscription to electoral bonds during the current fiscal, according to a regulatory filing. This would be done in one or more tranches. "The Board of Directors in its meeting dated 31st [...]
CCI approves deal involving stake purchase in Hero FinCorp
New Delhi, Apr 4 (PTI) Competition Commission of India (CCI) on Monday approved purchase of stake in Hero FinCorp Ltd by a Singapore-based company, which is an affiliate of Apollo Global Management. AHVF II Holdings Singapore II Pte. Ltd will buy certain compulsorily convertible preference shares of Hero FinCorp Ltd. In a release on Monday, [...]
HDFC Bank, HDFC to merge in $40 bn deal to create lending behemoth
Mumbai, Apr 4 (PTI) India's most valuable lender HDFC Bank on Monday agreed to take over the country's largest mortgage lender in a USD 40 billion deal, creating a financial services titan in the largest transaction in the nation's corporate history. Once the deal is effective, HDFC Bank will be 100 per cent owned by [...]
Penalty imposed for non-fulfilment of offset norms in 16 defence contracts: Govt
New Delhi, Apr 4 (PTI) Offset obligations were not fulfilled in 21 defence contracts in the last five years and a total penalty of USD 43.14 million was levied on firms involved in 16 such procurement deals, the government said in Rajya Sabha on Monday. Minister of State for Defence Ajay Bhatt, replying to a [...]
IndiGo suspends pilots for planning strike to protest pay cuts
New Delhi, Apr 4 (PTI) IndiGo has suspended a few pilots who were planning to organise a strike on Tuesday to protest against the pay cuts that were implemented during the peak of the COVID-19 pandemic, sources said on Monday. During the peak of the pandemic, India's largest airline had cut the salaries of its [...]
Pakistan’s KSE-100 index plunges 1,250 points over political uncertainty
Pakistan Stock Exchange's (PSX) benchmark KSE-100 index shed 1,250.07 points on Monday, a day after the President, in a controversial move, dissolved the National Assembly, leading to political uncertainty in the country. The Pakistani rupee also lost value against the US dollar following President Arif Alvi's decision to dissolve the lower house of Parliament on [...]
RBI to remain accommodative, leave all rates unchanged in April policy: BofA Securities
Mumbai, Apr 4 (PTI) Despite spiralling inflation, the Reserve Bank is likely to hold all key rates and retain the accommodative stance at the forthcoming policy review later this week, a Wall Street brokerage has said.Bank of America Securities India in a pre-policy note on Monday said it expects the RBI-MPC to stay on hold [...]
ICCC delegation visits Jammu; discusses investment and trade opportunities
Jammu, Apr 4 (PTI) A delegation of Indo Canada Chamber of Commerce (ICCC) on Monday visited Jammu and discussed investment and trade opportunities with thrust on exports from Jammu and Kashmir to Canada, an official spokesman said. The delegation headed by President ICCC Ripudaman S Dhillon held a special session with officials and private stakeholders [...]
Fuel price hike: Buses, taxis in Bengal may go off roads if fares not revised
Kolkata, Apr 4 (PTI) With fuel prices touching a new high every day, private bus and cab operators are contemplating taking their vehicles off the roads if the state and central governments did not provide some succour in the form of an allowance or make way for fare hikes to support the ailing transport sector.Petrol [...]
IOC JV with L&T, ReNew for green hydrogen, electrolyzer
New Delhi, Apr 4 (PTI) Indian Oil Corporation (IOC), the nation's top oil firm, will partner Larsen & Toubro and Goldman Sachs-backed renewable energy producer ReNew Power to produce green hydrogen as it follows the footsteps of groups headed by billionaires Mukesh Ambani and Gautam Adani to produce carbon-free fuel. The three firms have signed [...]
FIEO delegation to hold business meetings in Australia
New Delhi, Apr 4 (PTI) Exporters' body FIEO on Monday said it is taking a delegation of various export promotion councils for business meetings in Australia as a sequel to the recently inked trade pact between Canberra and New Delhi. The delegation consists of councils from different sectors including apparel, gems and jewellery, cotton textiles, services, [...]
Govt prepared to safeguard farmers from rising global fertiliser prices: Sources
New Delhi, Apr 4 (PTI) The government is committed to supplying fertilisers at affordable prices to farmers with required subsidies despite rising international market rates due to the Russia-Ukraine conflict, huge procurements by China and other global factors, which may push the annual fertiliser subsidy to up to Rs 2 lakh crore in the current [...]
Rupee surges 21 paise to 75.53 against US dollar
Mumbai, Apr 4 (PTI) Starting the financial year 2022-23 on a bullish note, the rupee spurted 21 paise to close at a one month-high of 75.53 against the US dollar on Monday, supported by a firm trend in domestic equities and foreign fund inflows. At the interbank forex market, the local unit opened at 75.77 [...]
Ras Al Khaimah Tourism Authority kicks off roadshow in India
New Delhi, Apr 4 (PTI) The Ras Al Khaimah Tourism Development Authority, representing the Northern Emirate of Ras Al Khaimah in the UAE, kicked off a roadshow here on Monday.The roadshow is aimed at showcasing key highlights and upcoming tourism developments in Ras Al Khaimah to attract more travellers from India. "In this roadshow, we [...]
Competition Comm revises long form for M&A approvals
New Delhi, Apr 4 (PTI) In efforts to reduce the compliance burden and make assessments more objective, Competition Commission of India (CCI) has revised the long form format for submission of details related to mergers and acquisitions. Under the Competition Act, Mergers and Acquisitions (M&As) or combinations beyond a certain threshold require approval from the [...]
Federal Bank advances rise 10% to Rs 1.47 lakh cr in FY22; deposits up 5%
New Delhi, Apr 4 (PTI) Federal Bank on Monday said its gross advances during 2021-22 rose by 9.5 per cent to Rs 1,47,644 crore, while total deposits grew by over 5 per cent during the year. The gross advances as of March 31, 2021 was at Rs 1,34,877 crore, Federal Bank said in a regulatory [...]
Govt notifies FY22 I-T return form for trusts, political parties
New Delhi, Apr 4 (PTI) The government has notified income tax returns form to be filled by trusts, charitable organisations and political parties for 2021-22 fiscal, in which assessees will be required to specify additional details of registration under any law other than the I-T Act.A new field is added in the ITR-7 form, seeking [...]
Punjab sets up task force to work on raising income of sugarcane farmers
Chandigarh, Apr 4 (PTI) Punjab cooperation minister Harpal Singh Cheema on Monday announced the setting up of a task force which will work out a comprehensive plan to raise the income of sugarcane farmers. Cheema who also holds the finance portfolio said that representatives from the Punjab Agricultural University, Ludhiana, Indian Council of Agricultural Research, [...]
PVR-Inox combined pipeline at 2,000 screens; plan to double in 7 years
New Delhi, Apr 4 (PTI) Leading multiplex operators Inox Leisure and PVR, which had announced their merger last month, have a combined pipeline of 2,000 screens and aim to double this size in next seven years, entailing an investment of Rs 4,000 crore. The merged entity would invest capex of Rs 2.5 crore per screen [...]
No impact of WHO action on Covaxin, have not supplied to any UN agency: Bharat Biotech
Hyderabad, Apr 4 (PTI) With the WHO announcing the suspension of Covaxin supply through UN procurement agencies, Bharat Biotech sources on Monday said the pharma company has not supplied the COVID-19 vaccine to any UN agency and no impact of the suspension would be felt. So far, sources said, the firm has supplied vaccines to [...]
HDFC to amalgamate with HDFC Bank in ‘merger of equals’; create Rs 18-lakh cr giant
Mumbai, Apr 4 (PTI) India's largest private lender HDFC Bank on Monday agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan in the largest deal in the country's corporate history. The proposed entity will have a combined asset base of around [...]
Provide MPLAD funds for 2023-24 in advance this fiscal: Par panel
New Delhi, Apr 4 (PTI) A Parliamentary panel has urged the government to release an advance amount of Rs 5 crore each to parliamentarians this fiscal under the MPLAD scheme for 2023-24 to enable them to complete the projects.The Member of Parliament Local Area Development (MPLAD) scheme was suspended during the COVID-19 pandemic for two [...]
Competition Commission to probe Zomato, Swiggy for alleged unfair biz practices
Competition Commission on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurant partners. The order has come on a complaint filed by the National Restaurant Association of India (NRAI). The watchdog's probe arm -- Director General (DG) -- will investigate [...]
Hariom Pipe Industries’ IPO receives 3.44 times subscription on day 4
The initial public offering (IPO) of Hariom Pipe Industries was subscribed 3.44 times on the fourth day of the bidding on Monday. The public issue received bids for 2.92 crore shares as against the 85 lakh on offer, translating into a subscription of 3.44 times, according to the data available on NSE website. Retail portion [...]
Govt begins inspection drive to curb hoarding of edible oils, oilseeds: Food secy
New Delhi, Apr 4 (PTI) The government on Monday said it has initiated an inspection drive to curb hoarding and black marketing of edible oils and oilseeds to arrest rising retail prices and boost their availability. The country, which is dependent on the imports of edible oil to meet over 60 per cent of its [...]
HDFC, HDFC Bank settle 10% higher on merger announcement; combined m-cap topples TCS’
Mumbai, Apr 4 (PTI) Shares of HDFC and HDFC Bank witnessed heavy buying on Monday and settled with nearly 10 per cent gains as investors lapped up the announcement of their proposed merger. The scrip of HDFC settled at Rs 2,678.90, registering a jump of 9.30 per cent. It had scaled an intra-day high of [...]
Crisil appointed consultant for coal trading platform: Jain
Kolkata, Apr 4 (PTI) Crisil has been engaged as consultant for the proposed coal trading platform announced by the government and the exchange may take shape in the next 6-9 months, a senior government official said on Monday.The official said it will take forward the concept of forming the exchange for trading coal mined from [...]
Biological E Ltd to get mRNA technology from WHO to produce COVID-19 vaccines
Hyderabad, Apr 4 (PTI) City-based vaccine maker Biological E. Limited on Monday said the company was selected as a recipient of mRNA technology to produce COVID-19 vaccines from the World Health Organisation. A press release from BE Limited said the WHO’s Advisory Committee on Vaccine Product Development (ACPDV) selected the firm after examining a number [...]
Jawaharlal Nehru Port container traffic grows 21.55% in FY22
Mumbai, Apr 4 (PTI) The country's premier container port Jawaharlal Nehru Port has reported a 21.55 per cent growth in container traffic at 5.68-million TEUs in the last fiscal against 4.68-million TEUs handled in FY21, according to a release on Monday.This is the highest ever growth in container handling at the port for any financial [...]
Biological E Ltd to get mRNA technology from WHO to produce COVID-19 vaccines
Hyderabad, Apr 4 (PTI) City-based vaccine maker Biological E. Limited on Monday said the company was selected as a recipient of mRNA technology to produce COVID-19 vaccines from the World Health Organisation. A press release from BE Limited said the WHO’s Advisory Committee on Vaccine Product Development (ACPDV) selected the firm after examining a number [...]
Sebi issues fresh guidelines to curb misuse of clients’ Power of Attorney
New Delhi, Apr 4 (PTI) To curb possible misuse of Power of Attorney (PoA) given by clients to stock brokers, Sebi on Monday came out with fresh guidelines wherein execution of a new document will be made compulsory for transfer of securities towards deliveries and settlements. The execution of the document -- Demat Debit and [...]
This Adani stock is up 80% in the last 30 days; What is the reason behind the surge?
Adani Power was one of the top gainers among BSE 500 stocks. Its price has risen by 80.54% in the past month and by 35.93% in the last 5 days. Today, its shares surged 6.05% and are currently trading at ₹ 215.75 apiece. The stock reached its 52-week high of ₹220.80 today. The company recently [...]
Manganese ore miner MOIL’s FY22 turnover grows 22% to Rs 1,436 cr
New Delhi, Apr 4 (PTI) State-owned Manganese Ore (India) Limited (MOIL) has reported a 22 per cent growth in its turnover at Rs 1,436 crore for the financial year ended March 31, 2022, the Ministry of Steel said on Monday. Financial Year (FY) 2021-22 has been one of the best years of performance in the [...]
Smart Home Expo to Host India’s Largest Smart Home Technology Show from 20-21 April 2022, at Jio World Convention Centre Mumbai
Mumbai, Maharashtra, India (NewsVoir) Smart Home Expo, India’s only comprehensive trade show, exhibition, and conference, demonstrating the best smart home technology and attracting trade visitors from all over the country, is all set to bring together 150+ renowned Indian and international brands under one roof and exhibit the latest smart home technologies, from 20-21 April [...]
Intas and Axantia sign an exclusive license and supply agreement for Ranibizumab biosimilar in the Middle East
AHMEDABAD, India, April 4, 2022 /PRNewswire/ -- Intas Pharmaceuticals Ltd. (Intas) has signed an exclusive license and supply agreement with Axantia Holding (Axantia), a leading pharmaceutical company in the Middle East operating through its pharmaceutical subsidiaries; Pharma International Pharmaceutical & Chemical Manufacturing Co. Ltd and Med City Pharmaceutical Industries for Ranibizumab (biosimilar of Lucentis®). Under [...]
TCPL going for consolidation, simplification; to bring down no of entities to 23
New Delhi, Apr 4 (PTI) Tata group FMCG arm TCPL is consolidating its business by merging various companies and plans to reduce the number of legal entities to around 23 from the existing 45 after restructuring, said its Managing Director & CEO, Sunil D'Souza. This will help Tata Consumer Products LTD (TCPL) in creating focused [...]
Sri Lankan economic crisis may provide opportunities for Indian tea exporters: Experts
Kolkata, Apr 4 (PTI) Mounting economic woes in Sri Lanka, a major player in the global tea market, may provide opportunities for Indian exporters of the commodity as the island country is set to witness a significant decline in its production and shipments this year, industry stakeholders and experts said on Monday.Sri Lanka produces around [...]
Mankind Pharma forays into agri-tech space
New Delhi, Apr 4 (PTI) Mankind Pharma on Monday announced its foray into the agri-tech segment, with plans to invest up to Rs 200 crore in the first two to three years.The company has set up a new arm Mankind Agritech Pvt Ltd, which will offer a variety of crop care solutions to Indian farmers, [...]
Market rally: Investor wealth jumps over Rs 4.5 lakh crore
Mumbai, Apr 4 (PTI) Investors turned wealthier by more than Rs 4.5 lakh crore on Monday as the domestic equity market rallied over 2 per cent on the proposed merger of HDFC Ltd with HDFC Bank. Reflecting bullish investor sentiments, the 30-share key index Sensex surged 1,335.05 points or a whopping 2.25 per cent to [...]
Bombay Play raises USD 7 mln
New Delhi, Apr 4 (PTI) Bombay Play, a hypersocial gaming startup, has raised USD 7 million (over Rs 52 crore) in a recent funding round, the company said on Monday. The funding round was led by Kalaari Capital and also saw participation of all its existing investors namely Lumikai Fund, Leo Capital and PlayCo. Bombay [...]
Sensex revisits 60K as HDFC merger deal bolsters bulls
Mumbai, Apr 4 (PTI) The Sensex vaulted 1,335 points while the Nifty shot past the 18,000-mark on Monday, fuelled by index heavyweights HDFC twins which soared almost 10 per cent after announcing corporate India's biggest merger. India's largest housing finance company HDFC Ltd will merge with the country's top private lender HDFC Bank to create [...]
Cashfree Payments launches Aadhaar verification, automates customer KYC for businesses
In addition to Aadhaar Verification, Cashfree Payments offers authentication of Bank Accounts, PAN, UPI and IFSC as part of its Verification Suite BENGALURU, India, April 4, 2022 /PRNewswire/ -- Leading payments and API banking solutions company, Cashfree Payments today announced that it has launched Aadhaar Verification as a part of its Verification suite. This feature [...]
Sterlite Power Brasil raises 600 million Brazilian real via debentures
New Delhi, Apr 4 (PTI) Sterlite Power arm Sterlite Power Brasil has raised 600 million Brazilian real (about Rs 970 crore) through the issuance of debentures."Sterlite Power Brasil, a subsidiary of the Indian corporation Sterlite Power Transmission Ltd, a company that develops energy transmission projects, announces the issuance of debentures on the total amount of [...]
SuperStartUps Asia Awards: World’s First Research based Awards Announces their Winners for the 2021 Edition
Singapore based NRI Manoj Jain wins Visionary Founder Award Lifetime Achievement award to Sh. Mahendra Swarup New Delhi, Delhi, India (NewsVoir) The 4th edition of the SuperStartUps Asia award, announced its winners from amongst the Start-up ecosystem across Asia. SuperStartUps is the world’s first research based award entity by NFX Digital’s research engine - Adytude. [...]
MUM BULLION CLOSING RATES
MUMBAI, APR 4 (PTI) MUM BULLION CLOSING:- CLOSING RATES SILVER SPOT (IN RS PER KILO) : 66628.00 STANDARD GOLD (99.5) : 51279.00 PURE GOLD (99.9) : 51485.00 --------------------- PTI MUM SVC SVC
Mahindra Electric Mobility launches new Alfa CNG’s passenger, cargo variants
New Delhi, Apr 4 (PTI) Mahindra Electric Mobility Ltd, part of Mahindra Group, on Monday launched its new Alfa CNG passenger and cargo variants with price starting at Rs 2.57 lakh (ex-showroom Lucknow). Based on its popular three-wheeler Alfa brand, the new Alfa Passenger DX BS6 CNG variant is priced at Rs 2.57 lakh and [...]
Bank of Maharashtra’s advances grow 27% to Rs 1.36 lakh cr in FY22
New Delhi, Apr 4 (PTI) Public sector lender Bank of Maharashtra on Monday said it has witnessed over 27 per cent growth in gross advances at Rs 1,36,733 crore during the financial year 2021-22, while deposits grew by 16 per cent to Rs 2,02,641 crore. In FY21, the gross advances of the bank stood at [...]
MP: GST collection rises by 22% in 2021-22, touches Rs 22,206 cr
Indore, Apr 4 (PTI) A surge in economic activities amid the drop in COVID-19 cases has led to the revenue from Goods and Services Tax (GST) in Madhya Pradesh increasing by 22 per cent to Rs 22,206 for the fiscal 2021-22, a senior official said on Monday. Lokesh Kumar Jatav, Commissioner (Commercial Taxes) said the [...]
Franklin Templeton’s shut schemes have Rs 231 cr cash for distribution to unitholders: Sapre
New Delhi, Apr 4 (PTI) Franklin Templeton Mutual Fund on Monday said its six shut debt schemes have Rs 231.13 crore of cash available for distribution to unitholders of the schemes. So far, the fund house has distributed Rs 26,098 crore to the investors across the six schemes, amounting to 103.50 per cent of the [...]
Biological E Ltd to get mRNA technology from WHO to produce COVID-19 vaccines
Hyderabad, Apr 4 (PTI) In a mkaoCity-based vaccine maker Biological E. Limited on Monday said the company was selected as a recipient of mRNA technology to produce COVID-19 vaccines from the World Health Organisation. A press release from BE Limited said the WHO’s Advisory Committee on Vaccine Product Development (ACPDV) selected the firm after examining [...]
Go First partners Visa Lounge to offer travel-related services to passengers
Mumbai, Apr 4 (PTI) Domestic carrier Go First on Monday announced its collaboration with e-visa services provider Visa Lounge to offer travel-related services to passengers. Post the tie-up, passengers can apply for e-visa on the Go First website, for countries which offer an e-visa facility, the city-based airline said in a release. The service can [...]
Porsche appoints dealerships in Chennai, Bengaluru
Mumbai, Apr 4 (PTI) German sports luxury car manufacturer Porsche on Monday said it has appointed two new dealerships, one each in Chennai and Bengaluru, as part of plans to expand its footprint in India.The network expansion is driven by strong demand for Porsche cars, which surged 62 per cent year-on-year in 2021. This was [...]
PM Focus on E-Commerce as Quality Assurance Will Bring Global Competitiveness for Indian Industry and E-Commerce
PHDCCI organised E-com Trust Summit with the theme Product Trust & Consumer Safety in e-commerce at PHDCCI House New Delhi, Delhi, India – Business Wire India Sadhivi Niranjan Jyoti, Hon’ble Minister of State, Ministry of Consumer Affairs, Foods & Public Distribution & Ministry of Rural Development highlighted the importance of indigenization of the products floating [...]
More Indian Start-Ups Believe That the Pandemic Worked as an Enabler for Innovation, Compared to Their APAC Counterparts
Per the Medtronic-Economist Impact study, over three quarters of Indian healthcare start-ups (76.7%) believe that the pandemic was an enabler for innovation, unlike only 54.7% in the APAC region. Mumbai, Maharashtra, India – Business Wire India India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc (NYSE:MDT) — a global leader in healthcare technology, [...]
Feedback Medical Brings Bleepa to India
Announces pilot project for rapid, remote diagnosis of tuberculosis (TB) New Delhi, Delhi, India – Business Wire India UK-based Feedback Medical, a specialist clinical communications company with over 20 years of experience, provides innovative medical imaging technology to enhance clinical communication, and provides access to, and storage of, medical information. Now in India, Feedback Medical [...]
PSU insurers receive Covid insurance claims worth Rs 17,537 cr till Dec 2021
New Delhi, Apr 4 (PTI) Public sector insurers received COVID-19 related health insurance claims worth Rs 17,537 crore till December 2021 and more than 93 per cent of the cases were settled, Parliament was informed on Monday."Till December 31, 2021, 14.92 lakh COVID-19 health claims, of a total amount of Rs 17,537 crore, were lodged [...]
Drife acquires a land parcel in AqarLand, the virtual Land Metaverse of AqarChain
National, 4th April 2022: Aqarchain has partnered with Drife. Drife has acquired land parcel on AqarLand a Virtual Land Metaverse of the AqarChain platform. This Metaverse land consists of 26,118 land parcels in the map Jazeera ONE. The assets here can be used to populate the land and develop for user monetization. The land with [...]
Client fund misuse: NSE expels Modex International, Karvy Stock Broking, 28 others in last 6 yrs
As many as 30 stockbrokers, including Modex International Securities and Karvy Stock Broking, have been expelled by the National Stock Exchange (NSE) for misusing clients' funds in the past six years. The exchange took these decisions between July 2017 and March 2022, as these brokers failed to comply with the NSE guidelines, according to an [...]
No impact of WHO action on Covaxin, have not supplied to any UN agency: Bharat Biotech
Hyderabad, Apr 4 (PTI) With WHO announcing the suspension of Covaxin supply through UN procurement agencies, Bharat Biotech sources said on Monday the pharma company has not supplied the COVID-19 vaccine to any UN agency and no impact of the suspension would be felt. So far, sources said, the firm has supplied vaccines to the [...]
HDFC Bank merger to create entity twice the size of ICICI Bank: S&P
HDFC Bank's planned merger with its parent HDFC will make the bank twice the size of ICICI Bank, while bolstering market share and diversifying revenues, S&P Global Ratings said on Monday. In the biggest merger in the corporate history, India's largest housing finance company HDFC will merge with the country's largest private lender HDFC Bank [...]
J&K admin clears Rs 4,119 cr for J&K Bank pension, other bills for FY22
Jammu, Apr 4 (PTI) The Jammu and Kashmir government on Monday said it has cleared the payments for various departments, including Rs 4,119 crore for J&K Bank pension disbursement, for the last financial year. According to officials, since the financial year 2021-22 has ended, the finance department has cleared all the verified bills to ensure [...]
Alliance Air to connect Assam’s Dibrugarh with five Arunachal towns
Dibrugarh, Apr 3 (PTI) Regional carrier Alliance Air said on Monday that it will soon launch flight services connecting Assam's Dibrugarh with five towns in Arunachal Pradesh.In the first phase, flight services will be started on Dibrugarh-Pasighat, Dibrugarh-Tezu and Dibrugarh-Ziro routes, Alliance Air's Dibrugarh station manager Narsing Rao Meesala said.Services on Dibrugarh-Tuting and Dibrugarh-Mechuka routes [...]
COMMODITY PRICES
MUMBAI, APR 4 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 800.00 COPPER HEAVY SCRAPS 787.00 COPPER ARMATURE (CREDIT) 774.00 COPPER UTENSILS SCRAP 710.00 CC ROD 840.00 CC ROD (RECYCLEED) 795.00 BRASS :- BRASS SHEET CUTTING 577.00 BRASS UTENSIL SCRAP 539.00 BRASS HONEY 515.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 207.00 ALUMINIUM [...]
Philips India Launches New Sonicare Range of Electric Toothbrushes with Superior Sonic Technology
New Delhi, Delhi, India – Business Wire India • Philips Sonicare 1000 series is priced at INR 2,195 • Philips Sonicare 3000 series is priced at INR 3,495 • Protective Clean 4300 series is priced at INR 5,195 Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today unveiled the launch [...]
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