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EV stock falls 5% after company reports weak Q2 results
The shares of the auto component manufacturer fell up to 5 percent after the company reported weak earnings for the September quarter and missed estimates. With a market capitalization of Rs 24,135.55 crore, the shares of Amara Raja Energy & Mobility Ltd were trading at Rs 1,317.00 per share, increasing around 4.12 percent as compared [...]
Power stock jumps 7% after company announcing revenue guidance of 27% for FY25
Shares of this small-cap company, which manufactures AC generators and electric motors, jumped by an impressive 6.7 percent to reach Rs.434.15 per share during Tuesday's trading session. This surge followed the management's revision of the topline guidance for FY25, indicating a 27 percent increase in revenue compared to the previous year. Share Price Movement During [...]
Pharma stock jumps 9% after company’s net profit increases by 390% QoQ
Pharma stock, which manufactures and markets pharmaceuticals and chemicals, surged nearly 9 percent following a 25.56 percent year-on-year growth in net profit for Q2 FY25. Share price variations: With a market capitalization of Rs. 9,395.25 crores, Procter & Gamble Health Ltd. rose to an intraday high of Rs. 5,742.40 representing an 8.6 percent increase from [...]
Green Energy stock hits 5% upper circuit after receiving order from KPI Green Energy for power projects
Green Energy stock engaged in providing EPC services and commissioning of renewable power projects and providing allied services related to it hit a 5 percent upper circuit in the day’s trade upon receiving work orders for renewable power projects of ~1,004MW Price Action With a market capitalization of Rs. 4,211 Crores, the shares of K.P. [...]
Navratna stock in focus after receiving order worth ₹500 Cr from Govt. of India
During Tuesday’s trading session, the shares of Navratna PSU which is one of the largest realty CPSEs in India with operations in project management consultancy and development are in focus on receiving new work orders worth around Rs. 500 crores. With a market cap of Rs. 25,941.6 crores, at 12:12 p.m., the shares of NBCC [...]
Ashish Kacholia stock hits 5% upper circuit after L&T to acquire 21% stake in the company
Shares of this small-cap stock in the IT networking equipment and software sector surged by 5 percent to reach the upper circuit at Rs.4,977.50 per share, hitting a 52-week high on Tuesday morning. The jump followed news that L&T plans to acquire a 21 percent stake in the company for Rs.1,407 crore. Share Price Movement [...]
Infra stock jumps after Goldman Sach & Nomura bought 2.7% stake in the company
The shares of one of the leading infrastructure companies gained up to 2 percent after prominent investors like Goldman Sachs, Nomura & others bought 2.7 percent of the company. With a market capitalization of Rs 17,732.74 crore, the shares of Afcons Infrastructure Ltd were trading at Rs 481.00 per share, increasing around 1.36 percent as [...]
Alcohol stock jumps 18% after company’s net profit increases by 57% YoY
Alcohol stock primarily involved in the manufacturing and sale of Indian-made foreign liquor, extra-neutral alcohol, and many more jumped upto 18 percent in the day’s trade upon declaring robust Q2FY25 results, with a 57 percent jump in Net Profits and turning net debt-free. Price Action With a market capitalization of Rs. 6,522 Crores, the shares [...]
Pharma stock jumps 12% after announcing Q2 results; Receives target with 85% upside
During Tuesday’s trading session, the shares of a generic injectable-focused pharmaceutical company surged nearly 12.4 percent to Rs. 1,810 on BSE, after the company reported Q2 FY25 results as well as a positive future outlook. With a market cap of Rs. 29,770.6 crores, at 11:00 a.m., the shares of Gland Pharma Limited were trading in [...]
Power stocks jumps 5% after reporting 52% YoY increase in net profits
The shares of the second-largest manufacturer of electric power transmission towers gained up to 5 percent after the company’s net profit and revenue magnified by 52 percent and 14 percent YoY, respectively in Q2FY25. With a market capitalization of Rs 25,605.78 crore, the shares of KEC International Ltd were trading at Rs 961.90 per share, [...]
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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
House of Gaming Announces Its Partnership with Blockchain Giant Polygon, Through Hefty Games
The biggest names in Indian Gaming enter the metaverse to drop the first set of rare digital collectibles exclusively Mumbai, Maharashtra, India – Business Wire India ~ Lokesh Gamer, Gyan Gaming & Two Side Gamers (with a collective reach of over 50 million subscribers across all social platforms) enter an exclusive partnership with Hefty Games; [...]
TabletWise.net Launches Multilingual Medicine Websites for India
BENGALURU, India, April 4, 2022 /PRNewswire/ -- TabletWise.net, a leading health information website, announced the launch of India's largest consumer medicine websites in Hindi, Tamil, and Telugu. TabletWise.net provides trustworthy information on uses, composition, and side effects for over 4 lakh commonly used medicines on a global basis. Now consumers can access critical, easy-to-read, and [...]
MUM OILSEEDS PRICES
MUMBAI, APR 4 (PTI) OILS (per 10 Kgs) G.Nut Raw 1610.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1650.00 Sunflower Exp.Ref. 1700.00 Cottonseed(Refined) 1550.00 Refined Palm Oil 1440.00 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 1330.00 Linseed 1700.00 Castor [...]
NCB, CBIC unearth Rs 2.2 cr payment in cryptocurrency in 11 drug trafficking cases
The NCB and CBIC have unearthed Rs 2.2 crore payment through cryptocurrency in 11 drug trafficking cases, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Choudhary said the government is taking steps like conducting training for the field officers on cyber and forensic technologies [...]
SBI FOREX RATES
MUMBAI, APR 4 (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 74.85 76.35 74.79 76.51 EUR/INR 82.15 84.99 82.08 85.16 GBP/INR 97.68 100.83 97.60 101.03 JPY/INR 60.65 62.64 60.60 62.76 [...]
AMNS India installing advanced CRM at Hazira plant under Rs 8,500-cr downstream expansion plan
New Delhi, Apr 4 (PTI) AMNS India is setting up a Cold Rolling Mill (CRM) with advanced steel processing lines to produce value added products at its Hazira plant, as part of the company's Rs 8,500-crore downstream expansion plan. The company is aiming to commission the CRM by 2024, ArcelorMittal Nippon Steel (AMNS) India said [...]
Hero Electric to observe April as battery care month
New Delhi, Apr 4 (PTI) Hero Electric on Monday said it will observe April as battery care month with the onset of peak summers amid a few incidents of electric scooters catching fire from some of its rival brands.The initiative is being done to facilitate face to face interaction with over 4.5 lakh consumers to [...]
Volkswagen drives in Polo Legend Edition to mark 12 years of hatchback
New Delhi, Apr 4 (PTI) Volkswagen India on Monday said it has launched a special edition of its hatchback Polo to mark 12 years of the model in the country. The Polo Legend edition is priced at Rs 10.25 lakh (ex-showroom) onwards. With the starting of production in 2009 and its market launch in 2010, [...]
AAP govt has a responsibility to reduce pollution in Delhi: Env Minister Yadav
New Delhi, Apr 4 (PTI) The Arvind Kejriwal-led AAP government has a responsibility for reducing pollution in the national capital, Union Environment Minister Bhupender Yadav said in the Lok Sabha on Monday. The minister said the Commission on Air Quality Management (CAQM) in the national capital region (NCR) and adjoining areas has adopted a participative [...]
Kikkoman introduces for the first time 100 multi-cuisine recipes in collaboration with India’s top chefs
MUMBAI, India, April 4, 2022 /PRNewswire/ --The world's leading producer of naturally brewed soy sauce, Kikkoman Corporation, today announces the introduction of the first set of recipes co-created with several top chefs in India. Kikkoman seeks to promote new encounters between ingredients, people, and food cultures, something that Kikkoman has focused on for decades around [...]
IBM Partners with We-Ace to Amplify Voices of Women (VOW); A Blogathon for Women
1000+ women across corporates and colleges registered for the second edition of VOW Gurgaon, Haryana, India (NewsVoir) VOW (Voices of Women); an exclusive online writing contest for women powered by IBM and presented by We-Ace has provided a platform for women to share their thoughts on trending topics and current affairs. In most societies, women [...]
Securing the Future of Payments: PCI SSC Publishes PCI Data Security Standard v4.0
Global Industry Feedback Helps Shape Standard to Secure Global Payment Data Mumbai, Maharashtra, India – Business Wire India The PCI Security Standards Council (PCI SSC), a global payment security forum, published version 4.0 of the PCI Data Security Standard (PCI DSS). PCI DSS is a global standard that provides a baseline of technical and operational [...]
Sterling Holiday Resorts appoints Vikram Lalvani MD & CEO
New Delhi, Apr 4 (PTI) Leisure hospitality player Sterling Holiday Resorts Ltd on Monday said it has appointed Vikram Lalvani as its new Managing Director and CEO with effect from April 1, 2022. He takes over from Ramesh Ramanathan, who continues to be the Chairman of the company, Sterling Holiday Resorts said in a statement. [...]
Removing speed breakers from path of investors, making their pathways smooth: Maha CM
Pune, Apr 4 (PTI) The Maharashtra government is trying to remove all the "speed breakers" to attract investors and to improve the ease of doing business in the state, Chief Minister Uddhav Thackeray said on Monday. Speaking virtually at the Alternate Fuel Conclave (AFC), organised by the MCCIA in Pune, the chief minister said such [...]
Lankan Prez sacks Finance Minister Basil Rajapaksa; invites Oppn to join unity Cabinet
Colombo, Apr 4 (PTI) Sri Lankan President Gotabaya Rajapaksa on Monday fired his brother and Finance Minister Basil Rajapaksa from his post and invited the Opposition parties to join a unity Cabinet to tackle the raging public anger against the hardships caused by the island nation’s worst economic crisis. Basil had negotiated the Indian economic [...]
HYM Drive Systems to start production of electric drive units at Ludhiana facility from Nov
New Delhi, Apr 4 (PTI) HYM Drive Systems, a joint venture between Hero Motors and Yamaha Motor Co Japan, on Monday said it expects to start production of electric drive units at its facility in Ludhiana from November this year. The ground-breaking ceremony for the manufacturing facility with a capacity of 10 lakh drive units [...]
Venture capital firm Omnivore to set up Rs 1,000 cr fund
New Delhi, Apr 4 (PTI) Agritech venture capital firm Omnivore on Monday said it will raise USD 130 million (around Rs 1,000 crore) to set up its third fund.The company has launched its third fund with a target corpus of USD 130 million (Rs 1,000 crore), Omnovire said.The new fund will continue to invest in [...]
Guar seed futures decline amid ample supplies
New Delhi, Apr 4 (PTI) Guar seed prices on Monday declined by Rs 152 to Rs 6,667 per 10 quintals in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for April delivery fell by Rs 152 or 2.28 per cent at Rs 6,667 per 10 quintals with an open interest of [...]
Guar gum futures fall on low demand
New Delhi, Apr 4 (PTI) Guar gum prices on Monday fell by Rs 222 to Rs 12,902 per five quintals in futures market as traders offloaded their holdings in line with weak trend in spot market. On the National Commodity and Derivatives Exchange, guar gum for April delivery declined by Rs 222 or 1.72 per [...]
Agritech startup Agrizy raises USD 4 mn from investors including Ankur Capital
New Delhi, Apr 4 (PTI) Agritech startup Agrizy has raised USD 4 million (around Rs 30 crore) from investors including Ankur Capital to grow its business.The seed round also saw participation from Omnivore and angel investors Rajesh Yabaji (CEO, BlackBuck), Zetwerk’s Co-founders Srinath Ramakkrushnan, Amrit Acharya, Rahul Sharma, and Vishal Chaudhary, among others."The funds raised [...]
Indira IVF completes one lakh successful IVF stories
MUMBAI, India, April 4, 2022 /PRNewswire/ -- Indira IVF observed polycystic ovarian syndrome (PCOS) and blocked fallopian tube as leading causes of infertility among its female patients, whereas low sperm count is one of the top reasons in cases of male infertility. Recently, the Indira IVF clinic has achieved a new milestone of 1 lakh [...]
Chhattisgarh tops states with lowest unemployment rate in country: Govt
Raipur, Apr 4 (PTI) Chhattisgarh has been ranked first among states with the lowest unemployment rate in the country, an official statement said on Monday. According to the latest data released by the Centre for Monitoring Indian Economy (CMIE), Chhattisgarh has registered an unemployment rate of 0.6 per cent this March, which is the lowest [...]
IRB Infra SPV receives ‘appointed date’ from NHAI for West Bengal project
New Delhi, Apr 4 (PTI) IRB Infrastructure Developers on Monday said its SPV Palsit Dankuni Tollway has received the appointed date from the National Highway Authority of India for a project in West Bengal. The appointed date refers to the date on which the project starts. The road project will be executed on a build-operate-transfer [...]
5 IT stocks to buy ahead of Q4 results – Recommended by 5Paisa
5Paisa expects the Indian IT sector to witness continued growth momentum in Q4FY22, with US$ revenue growth of 2.7% QoQ(18% YoY), led by resilient demand despite the -40bps impact from cross-currency changes. The geopolitical crisis or the resultant hyperinflationary environment has not impacted the sector as much and the deal pipeline has stayed robust in [...]
Crude oil futures gain on spot demand
New Delhi, Apr 4 (PTI) Crude oil prices on Monday rose by Rs 34 to Rs 7,593 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 34 or 0.45 per cent to Rs 7,593 per barrel in 4,117 [...]
Renault ties up with CSC Grameen e-Stores to open 300 booking centres across country
New Delhi, Apr 4 (PTI) Automaker Renault India on Monday said it has opened 300 booking centres across the country in collaboration with CSC Grameen e-Stores, a subsidiary of CSC e-Governance Services India Ltd (CSC-SPV), in order to strengthen its presence in the smaller towns and rural areas. Through this initiative, the company and CSC [...]
5G auction to be held on schedule, within stipulated timeline: Vaishnaw
New Delhi, Apr 4 (PTI) The auction of 5G spectrum will be held on schedule and within the stipulated timeline, Minister for Communications Ashwini Vaishnaw said on Monday. His affirmation comes at a time when telecom regulator Trai's 5G recommendations on spectrum pricing and other nuances, which were widely expected to come by March-end, have [...]
Global Pharma Tek and Capleo Global Announce India Expansion with New Office in Hyderabad and on Hiring Spree
Hyderabad, Telangana, India – Business Wire India Global Pharma Tek &Capleo Global expand its footprint by opening a new office in Hyderabad. Founded by Ramesh Anumolu in 2011, Global Pharma Tek has offices in the USA, Canada, and Europe and has 300+ employees. Global Pharma Tek (GPT) is one of the leading service provider conglomerates [...]
Sri Lanka Central Bank Governor quits amid mounting economic woes
Colombo, Apr 4 (PTI) Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal, who had resisted calls for an IMF bailout, resigned on Monday amid escalating protests in the island nation over the mounting economic woes. Cabraal, 67, announced his resignation in a Twitter post, after being elevated to this position less than seven months ago. [...]
How Reverie Is Serving Bharat With Multilingual Bots
Bengaluru, Karnataka, India – Business Wire India Through its robust partner ecosystem Reverie empowers multilingual chatbots to enable language interface through voice and conversational AI be it the WhatsApp channel or other digital assets. Several industry pioneers, including Boonbox, are exploring the voice channel to achieve agent engagement and customer satisfaction with Multilingual Chatbots. Achieving [...]
Sri Lanka Central Bank Governor quits amid mounting economic woes
Colombo, Apr 4 (PTI) Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal, who had resisted calls for an IMF bailout, resigned on Monday amid escalating protests in the island nation over the mounting economic woes. Cabraal, 67, announced his resignation in a Twitter post, after being elevated to this position less than seven months ago. [...]
Sri Lankan Prez sacks brother and Finance Minister Basil Rajapaksa
Colombo, Apr 4 (PTI) Sri Lankan President Gotabaya Rajapaksa on Monday removed his brother and Finance Minister Basil Rajapaksa from his post amidst the worst economic crisis that has plagued the island nation. Basil had negotiated the Indian economic relief package to help Sri Lanka tackle the current foreign exchange crisis. He has been replaced [...]
Tata Power Renewables commissions 300MW solar plant in Gujarat
New Delhi, Apr 4 (PTI) Tata Power arm Tata Power Renewables has commissioned a 300 MW solar plant in Dholera, Gujarat with the country's largest single-axis solar tracker system. "Tata Power Renewables Energy Ltd (TPREL), a wholly-owned subsidiary of Tata Power, has commissioned a 300 MW project in Dholera, Gujarat. It is India's largest single-axis [...]
EV maker WardWizard Innovations’ sales in FY22 zooms to 30,761 units
New Delhi, Apr 4 (PTI) Electric two-wheeler maker WardWizard Innovations and Mobility Ltd on Monday reported over eight-fold jump in sales at 30,761 units in the fiscal year ended March 31, 2022. It had sold 3,834 units electric two-wheelers in 2020-21, WardWizard Innovations and Mobility said in a statement. The company, which sells electric two-wheelers [...]
Opposition members walk out of LS protesting fuel price hike
New Delhi, Apr 4 (PTI) Opposition members, including those from the Congress, TMC and Shiv Sena, on Monday walked out of the Lok Sabha protesting against fuel price hike. As soon as the Zero Hour began, DMK members trooped into the Well shouting slogans. Later, members from other opposition parties too stormed the Well raising [...]
Nearly 8 years ago, a RBI notification had triggered possible HDFC-HDFC Bank merger talks
Mumbai, Apr 4 (PTI) Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term bonds to fund infrastructure and affordable housing. At that time, key executives at both entities denied any such proposal. And today, the [...]
Sri Lankan Prez sacks brother and Finance Minister Basil Rajapaksa
Colombo, Apr 4 (PTI) Sri Lankan President Gotabaya Rajapaksa on Monday removed his brother and Finance Minister Basil Rajapaksa from his post amidst the worst economic crisis that has plagued the island nation. Basil had negotiated the Indian economic relief package to help Sri Lanka tackle the current foreign exchange crisis. He has been replaced [...]
NEWSALERT
Sri Lankan President Gotabaya Rajapaksa sacks brother and Finance Minister Basil Rajapaksa amidst economic crisis: Official. PTI CORR CPS
NEWSALERT
The HDFC-HDFC Bank merger will not impact employees of HDFC Ltd: Deepak Parekh. PTI HV AA DRR DRR
MUM BULLION OPENING RATES
MUMBAI, APR 4 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 66737.00 STANDARD GOLD (99.5) : 51108.00 PURE GOLD (99.9) : 51313.00 ------------- PTI MUM SVC SVC
NEWSALERT
Regulatory arbitrage between running a bank and NBFCs has reduced; last 3 years have seen harmonisation of regulations: Parekh on merger. PTI HV AA DRR DRR
BluePi Consulting Accelerates International Expansion with Australia Operations Launch and Announces Appointment of Gaurav Sharma as Regional CEO
Sharma Brings Over Two Decades of Experience, Building Profitable Business Portfolios Across Consulting, Technology & Digital Transformation for Leading Technology Brands and Will Help Customers Forge Their Data-Driven Business Transformation GURGAON, India, April 4, 2022 /PRNewswire/ -- BluePi Consulting (BluePi), a leader in data-driven solutions, today announced its first international operations in Sydney and appointed [...]
Sri Lankan President Rajapaksa invites Opposition to join unity govt
Colombo, Apr 4 (PTI) Sri Lankan President Gotabaya Rajapaksa on Monday invited all political parties to join a unity Cabinet as part of the government’s bid to tackle the raging public anger against the ongoing hardships caused by the island nation’s worst economic crisis. According to an official statement, “President Gotabaya Rajapaksa has invited all [...]
SPJIMR study highlights disproportionate risk of inflation on small and medium family enterprises
MUMBAI, India, April 4, 2022 /PRNewswire/ -- A study released by Bhavan's SP Jain Institute of Management and Research (SPJIMR) has found that the impact of inflation on small and medium family enterprises is far greater than is suggested by the current retail or wholesale inflation rates estimated by the government. The study, undertaken by [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, APR 4 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 98000 COPRA OFFICE KOZIZODE 96000 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1720 T.P ---------------------- PTI MUM SVC SVC
Panacea Global Completed 5000+ Hair Transplant Procedures Successfully
New Delhi, Delhi, India – Business Wire India If anyone is planning for a hair transplant, then there is no better place than Delhi. Not only it is the capital of India but also provides the latest and most advanced medical treatment. Here an individual can find the best hair transplant clinic like Panacea Global [...]
Chandigarh University hosts 8th Corporate Advisory Board to mark the 75th Azadi ka Amrit Mahostav
Corporate leaders from 75 companies and union minister Anurag Thakur discussed and deliberated on the issues of Sustainable Development Goals and Reforms in Education Sector through New Education Policy CHANDIGARH, April 4, 2022 /PRNewswire/ -- As a part of India's 75th Independence Day celebrations "Azadi ka Amrit Mahostav", Chandigarh University Gharuan todays hosted the 8th [...]
Govt appoints six directors to general committee of Delhi Gymkhana Club
New Delhi, Apr 4 (PTI) The government has nominated six persons as the directors on the general committee of the Delhi Gymkhana Club to manage the affairs of the club. The newly appointed directors have been asked to take corrective measures with respect to the activities of the club. Under the previous management, the club [...]
IOC, L&T, ReNew join hands for green hydrogen business
New Delhi, Apr 4 (PTI) India's top oil firm IOC, engineering and construction giant Larsen & Toubro and renewable energy company ReNew Power on Monday came together to form a joint venture to develop green hydrogen business. Indian Oil Corporation (IOC) and L&T have additionally signed a pact to form a joint venture with equity [...]
Transgender Leadership Conclave organized by PHD Chamber of Commerce and Industry
NEW DELHI, April 4, 2022 /PRNewswire/ -- PHD Chamber of Commerce and Industry organized the Transgender Leadership Conclave in New Delhi to address various issues faced by the transgender community. The event witnessed physical participation of the community, industry stalwarts and students. Speaking at the Transgender Leadership Conclave, today, Acharya Mahamandaleshwar Laxmi Narayan Tripathi said, [...]
Investor wealth jumps over Rs 3 lakh crore in first hour of trading
Investors turned wealthier by more than Rs 3 lakh crore in the first hour of trading on Monday as equities rallied on the proposed merger of HDFC Ltd with HDFC Bank. Reflecting bullish investor sentiments, the 30-share key index Sensex skyrocketed 1,472.33 points or a whopping 2.46 per cent to 60,736.08 points at around 10.30 [...]
RBI MONEY MARKET OPERATIONS
MUMBAI, April 4 (PTI) Money Market Operations as on April 1, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo [...]
LC Nueva Investment Partners Raises INR 224.8 Cr / USD 30 Mn First Close on Debut VC Fund
New Delhi, Delhi, India – Business Wire India • LC Nueva Investment Partners, a partnership between Singapore headquartered Lighthouse Canton and Delhi based Nueva Capital, has achieved a first close of INR224.8Cr / USD$30Mn on its debut fund that focuses on pre-series A and series A deals in India. • LC Nueva Alternative Investment Fund [...]
Sri Lanka to have new Cabinet amidst worst economic crisis
Colombo, Apr 4 (PTI) A new Sri Lankan Cabinet is expected to be sworn in on Monday as part of the government’s bid to tackle the raging public anger against the ongoing economic hardships caused by the island nation’s worst economic crisis. On Sunday night, all 26 ministers submitted letters of resignation. Speaking to reporters, [...]
Ind, Aus trade pact to ensure full capacity utilization of Indian apparel: AEPC
New Delhi, Apr 3 (PTI) Apparel Export Promotion Council (AEPC) on Sunday said duty-free access for the sector to Australia under the trade pact will bring domestic exporters at par with global competitors and make local products competitive. Australia is majorly dependent on China for its apparel imports, however, India has been able to retain [...]
Engineering exports expected to sustain growth momentum despite geopolitical tension: EEPC
Kolkata, Apr 3 (PTI) Engineering Exports Promotion Council on Sunday said shipments are expected to sustain the growth momentum in the current financial year despite challenges of cost pressure and emerging geopolitical tension due to the Russia-Ukraine crisis."Engineering goods exports topped USD 111 billion in FY'22 and are expected to sustain the growth momentum in [...]
J&K fruit growers blame horticulture dept for crop losses
Bhaderwah/Jammu, Apr 3 (PTI) Fruit growers of Jammu and Kahsmir's Doda district accused the horticulture department of having failed to provide them enough pesticides and information about disease forecast and other modern technologies, leading to loss of crops every season. Local authorities, however, said they have not received any such complaints, and assured prompt action [...]
Weekly Recap – Market movers of the week, US releases oil from strategic reserves, India’s External debt and more!
As we entered the new financial year on Friday, there was a drop in global crude oil prices and the Indian Stock Markets surged to Two-month highs. The Sensex rallied over 708 points to recapture the 59000 mark while the Nifty surged 205 points and closed in the green at 17,670 points. Sectors like banking, [...]
India, Aus set up committee to start negotiations for expanding interim pact into CECA
New Delhi, Apr 3 (PTI) After the signing of the interim trade agreement between India and Australia, a committee formed the two nations will start talks within two-and-a-half months for transforming the early pact into a full-fledged comprehensive economic cooperation agreement (CECA), according to official documents. The interim pact or India-Australia Economic Cooperation and Trade [...]
FY23 GDP growth estimated at 7.4 pc: Ficci
New Delhi, Apr 3 (PTI) India's GDP is estimated to grow at 7.4 per cent in the financial year 2022-23 with rising prices triggered by the Russia-Ukraine conflict posing as the biggest challenge to the global economic recovery, Ficci's Economic Outlook Survey released on Sunday said. According to the survey, the Reserve Bank of India [...]
Trucknetic expects multifold growth in revenue to Rs 150 cr this fiscal
New Delhi, Apr 3 (PTI) Truck hiring app Trucknetic expects around a six-fold jump in revenue to Rs 150 crore this fiscal on account of business commitment from large corporates and bookings from the SME sector, a senior official of the company said. Trucknetic founder Arham Pratap Jain told PTI that the company's current revenue [...]
Sri Lanka restores social media platforms after 15 hours
Colombo, Apr 3 (PTI) The Sri Lankan government on Sunday lifted the ban it had imposed on social media platforms such as WhatsApp, Twitter, Facebook and Instagram after declaring a nationwide public emergency and effecting a 36-hour curfew ahead of a planned anti-government rally over the worst economic crisis in the island nation. The services [...]
RBI likely to maintain status quo on rates to support growth, say analysts
Mumbai, Apr 3 (PTI) The Reserve Bank is likely to maintain status quo on interest rates in its forthcoming monetary policy review but may change the stance in view of retail inflation piercing its upper tolerance limit, global uncertainties created by the ongoing Russia-Ukraine war, and the urgency to protect and boost growth, feel experts. [...]
Demographic dividend may turn into liability sans enough jobs, skilled workforce: Report
New Delhi, Apr 3 (PTI) As the country is expected to add another 183 million people to the working age group of 15-64 years between 2020-50, its demographic dividend may turn into a liability in the absence of enough jobs and the required skilled workforce, a report released on Sunday said. The report on India's [...]
Koo treads beyond eminence badge; plans voluntary ‘identification tick’ option for general users
New Delhi, Apr 3 (PTI) Twitter-rival Koo is planning to introduce the 'identification tick' option on a voluntary basis for all its general users as the homegrown microblogging platform broadens its verification programme beyond the current yellow badge given to eminent accounts.Koo co-founder and CEO Aprameya Radhakrishna told PTI that while the platform aspires to [...]
IOC to pump in Rs 840cr to set up POL plant, raise storage capacity in NE
Guwahati, Apr 3 (PTI) PSU major Indian Oil Corporation on Sunday said it will invest nearly Rs 840 crore in expanding its Petroleum, Oil and Lubricant (POL) storage capacities, including setting up a greenfield facility, in the Northeast.The company is planning to take its POL capacities to 5,530 Thousand Metric Tonnes Per Annum (TMTPA) by [...]
AC makers expect double-digit growth amid looming price hikes
New Delhi, Apr 3 (PTI) The prices of residential air conditioners may go up by around 5 per cent as the industry faces soaring input costs even though the makers are looking for double-digit growth this year with early onset of summer spurring demand. Buoyed by the the recent prediction by the India Meteorological Department [...]
Banking sector in sweet spot; should see robust loan growth this year: BoM MD
New Delhi, Apr 3 (PTI) With the COVID worries fading, the banking sector is set to register robust growth in the current fiscal on the back of stable macroeconomic conditions and growth-oriented policies of the government, said Bank of Maharashtra (BoM) Managing Director AS Rajeev.The banking sector is at an inflection point with COVID-19 related-problems [...]
ONGC to see $3 Billion rise in Earnings, Reliance $0.15B from gas price hike
State-owned Oil and Natural Gas Corporation (ONGC) is likely to see a USD 3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas it produces, while Reliance Industries may get USD 1.5 billion (Rs 11,500 crore) more in revenue, a report has said. [...]
Petrol above Rs 100 in major cities; diesel crosses Rs 100 in MP, AP, R’than after 11th hike in less than two weeks
Petrol prices on Sunday were above Rs 100 a litre mark in all major cities across the country after its rates and that of diesel were hiked by 80 paise a litre each - the 11th increase in less than two weeks that took the total to a record Rs 8 per litre. Petrol in [...]
‘Govt mulls modifications in PLI Scheme for speciality steel; extends last date for application till Apr 30’
New Delhi, Apr 3 (PTI) The government is planning certain modifications in the PLI Scheme for speciality steel and has extended the last day to submit the applications by about a month till April 30, a senior government official has said.On July 22 last year, the Union Cabinet chaired by Prime Minister Narendra Modi had [...]
₹30.30 to ₹32,048; Multibagger stock turns ₹1 lakh to ₹10 crores in 20 years
This multibagger stock is an example of how staying invested in a company for the long term can pay off really well. On 6th July 2001, the shares of this company were valued at ₹30.30 and this year, the share price reached a 52 week high of ₹32,048 apiece, giving its long term investors 105669% [...]
Sri Lanka blocks social media platforms after imposing emergency, curfew
The Sri Lankan government on Sunday blocked social media platforms such as WhatsApp, Twitter, Facebook and Instagram after declaring a nationwide public emergency and imposing a 36-hour curfew ahead of a planned anti-government rally over the worst economic crisis in the island nation. The move is aimed at preventing masses from gathering in Colombo to [...]
NEWSALERT
RBI well in control of inflation; talks of possible stagflation in India "overhyped": Rajiv Kumar. PTI BKS RAM ANU ABM BAL BAL
NEWSALERT
India will remain fastest growing economy despite impact of Russia-Ukraine war: Rajiv Kumar to PTI. PTI BKS RAM ANU ABM BAL BAL
India on cusp of major economic recovery; talks of stagflation ‘overhyped’: Niti Aayog VC
New Delhi, Apr 3 (PTI) India is on the cusp of a major economic recovery and talks of possible stagflation are "overhyped" as a strong economic foundation is being laid with the reforms carried out by the government over the last seven years, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday.Notwithstanding economic uncertainties triggered [...]
Macro data, RBI policy, updates on Russia-Ukraine war to drive markets this week: Analysts
Domestic macroeconomic data, RBI policy and developments related to the Russia-Ukraine war would be major driving factors for the stock market this week, analysts said. Moreover, FPI investment and trends in crude oil would also influence the trading sentiment, they added. "This week, the RBI credit policy will be a critical factor for Indian markets. [...]
Minosha India eyes Rs 500 cr turnover in five yrs post Ricoh deal
New Delhi, Apr 3 (PTI) Minosha India Ltd, the distributors of digital services, print and imaging solutions major Ricoh, is targeting to clock a turnover of Rs 500 crore in the next five years, having signed a strategic partnership pact with the Japanese firm, according to the company's Managing Director Atul Thakker. Minosha India, formerly [...]
Delhi-NCR builders need 73 months to sell unsold housing stock, Bengaluru only 31 months: Report
New Delhi, Apr 3 (PTI) It will take over six years for Delhi-NCR's builders to sell their 1.01 lakh unsold housing stocks while real estate developers in Bengaluru and Kolkata need only 31 months, according to property consultant PropTiger. Australia's REA group and News Corp own three real estate portals, Housing.com, PropTiger and Makaan.com, in [...]
Peak power demand up 12 pc at 198.47 GW, may cross 200 GW-mark in April
New Delhi, Apr 3 (PTI) Peak power demand met or the highest supply in a day rose by 12 per cent to 198.47 GW on April 1 compared to the year-ago same day, showing impact of early onset of summer and improvement in commercial and industrial consumption after easing of lockdown curbs by states. According [...]
RuPay payment card launched in Nepal
New Delhi, Apr 2 (PTI) Nepal on Saturday became the fourth foreign country to operationalise the RuPay card with Prime Minister Narendra Modi and his Nepalese counterpart Sher Bahadur Deuba jointly launching the Indian electronic payment system in the Himalayan nation.The three other countries that have the RuPay card are Bhutan, Singapore and the United [...]
Industry sector in Odisha set for 14.5pc growth in current fiscal: Patnaik
Bhubaneswar, Apr 2 (PTI) After a stellar performance in the 2021-22 fiscal, Chief Minister Naveen Patnaik on Saturday said that the industry sector of Odisha is set for a 14.5 per cent growth in the current financial year.Patnaik pointed out that “spectacular growth” of 10.1 per cent in the industry sector in 2021-22 was “way [...]
Lankan Defence Ministry dismisses reports Indian troops in country to help maintain law and order
Colombo, Apr 2 (PTI) The Sri Lankan Defence Ministry on Saturday rejected social media speculation that Indian Armed troops had arrived in the island nation to help maintain law and order, amidst growing public protests on rising prices and scarcity of essential commodities. Secretary, Defense Ministry, Kamal Gunaratne told news personnel that local troops were [...]
India poised to lead world’s startup ecosystem, J&K lagging behind: Jitendra Singh
Jammu, Apr 2 (PTI) Asserting that Jammu and Kashmir is lagging behind in the startup initiatives, Union Minister Jitendra Singh on Saturday said the country is poised to lead the world's startup ecosystem. The Minister of State in the Prime Minister’s Office said greater integration and synergy among industry, government departments, academia and independent institutions [...]
Central govt allocates power from its plants, DERC has no jurisdiction
New Delhi, Apr 2 (PTI) The Power Ministry on Saturday clarified that allocation of power from central generating plants is done by the Union government to states on their request and the Delhi Electricity Regulatory Commission (DERC) has no jurisdiction over those. "Power from the Central Generating Stations (CGS) is allotted by the Central Government [...]
Nepal President inaugurates Himalayan Hydro Expo-2022
Kathmandu, Apr 2 (PTI) Nepal President Bidya Devi Bhandari on Saturday inaugurated the Himalayan Hydro Expo-2022, a three-day event aimed to boost the viability and capacity of the hydroelectric sector in the country. "Although what Nepal has achieved in generating hydroelectricity in the past 100 years is not satisfactory, the role (being) played by Nepal's [...]
Infosys shifting services from Russia to other global delivery centres amid Sunak row
New Delhi, Apr 2 (PTI) IT major Infosys is shifting its services from Russia to its other global delivery centres, according to sources. The move comes amid mounting pressure on UK Chancellor Rishi Sunak, who has been fielding some tough questions lately over the Russian presence of Infosys, a company in which his wife, Akshata [...]
Shanta Kumar asks Himachal CM to take back Joginder Nagar power house from Punjab
Dharamsala, Apr 2 (PTI) Senior BJP leader and former chief minister Shanta Kumar has written a letter to Chief Minister Jai Ram Thakur asking him to take action to reclaim Joginder Nagar power house from Punjab immediately. In the letter, he mentioned that the British government had taken the land from the princely state of [...]
Job postings continue to grow, exceed pre-Covid levels: Report
Mumbai, Apr 2 (PTI) Led by demand in the technology sector, job postings in India have exceeded the pre-Covid levels since September 2021 and witnessed a 30.8 per cent growth by the end of March 2022 from February 2020, according to a report. The report by global job site Indeed is based on job postings [...]
Tata Motors delivers 712 EVs to individual customers in single day
New Delhi, Apr 2 (PTI) Tata Motors along with its dealer partners delivered 712 electric vehicles on Saturday to individual customers in Maharashtra and Goa. The Mumbai-based auto major delivered 564 Nexon EVs and 148 Tigor EVs to customers. "Today's occasion of delivering 712 electric vehicles (EVs) in a single day to customers across Maharashtra [...]
Home registrations in Mumbai municipal area down 11 pc in March: Report
New Delhi, Apr 2 (PTI) Registration of housing properties in the Mumbai municipal region fell by 11 per cent year-on-year to 15,717 units during March on higher base, according to Knight Frank India. The registration of homes stood at 17,728 units in March 2021 because of lower stamp duty rates. However, the registration of homes [...]
India-Aus trade deal to open opportunities for chefs, yoga instructors: Goyal
New Delhi, Apr 2 (PTI) The economic cooperation and trade agreement signed between India and Australia would provide a number of new opportunities for domestic chefs and yoga instructors in the years to come, Commerce and Industry Minister Piyush Goyal said on Saturday. The India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) was inked by [...]
Classic Legends delivers 500 Jawa, Yezdi bikes across Maharashtra on Gudi Padwa
Mumbai, Apr 2 (PTI) Classic Legends on Saturday said it has delivered 500 Jawa and Yezdi motorcycles on the auspicious occasion of Gudi Padwa -- the Marathi New Year. The deliveries happened simultaneously across the company's 19 dealership touchpoints across Maharashtra, it said in a statement. Classic Legends brought back the Jawa brand of motorcycles [...]
CECA to boost jewellery exports, Ind-Aus bilateral trade: GJEPC
Mumbai, Apr 2 (PTI) The India-Australia Comprehensive Economic Cooperation Agreement (CECA) will boost the bilateral gems and jewellery trade between the nations to USD 1.5 billion and exports to the continent country are likely to double in the next three years, the GJEPC said on Saturday. "The India-Australia trade agreement is expected to unlock additional [...]
India, Turkmenistan sign 4 MoUs for cooperation, agree to expand bilateral trade
Ashgabat, Apr 2 (PTI) India and Turkmenistan signed four agreements, including in financial intelligence and disaster management, as President Ram Nath Kovind met his Turkmen counterpart Serdar Berdimuhamedov here on Saturday and agreed to expand bilateral trade and energy cooperation to further strengthen the multifaceted partnership. This is the first-ever visit of the President of [...]
Commercial EV maker EKA unveils its first e-bus E9
Mumbai, Apr 2 (PTI) Commercial electric vehicle maker EKA on Saturday unveiled its first e-bus E9. The e-bus was unveiled by the Minister of Tourism and Environment in the Maharashtra Government Aaditya Thackeray along with Sudhir Mehta, Chairman of the EKA and Pinnacle Industries Limited at the Pune Alternate Fuel Conclave (AFC) on Saturday. EKA [...]
Warship maker GRSE records highest turnover at Rs 1,750cr for FY’22
Kolkata, Apr 2 (PTI) Despite COVID-19 challenges, Defence PSU Garden Reach Shipbuilders and Engineers Ltd has recorded the highest-ever turnover of Rs 1,750 crore for the 2021-22 fiscal, registering a 53 per cent growth over the previous year, a company statement said on Saturday.It has also declared an interim dividend of Rs 4.95 per equity [...]
Cosmo Films to set up Rs 140 cr production line in Aurangabad
Aurangabad Apr 2 (PTI) Packaging material producer Cosmo Films will set up a CPP film production line in Aurangabad at an investment of Rs 140 crore, a statement said on Saturday. The company will invest Rs 140 crore funded through internal accruals and debts, the company said. The new production line with annual rate capacity [...]
Brands now rely more on digital influencers: Book
New Delhi, Apr 2 (PTI) Brands now rely more on digital influencers as many of these ambassadors have more social media subscribers than venture capital funded start-ups, listed corporates, and even popular filmstars, says a new book.In "Booming Digital Stars: 11 Inspiring Journeys from India's Creator Economy", brand experts Harsh Pamnani & Manish Pandey, focus [...]
GHCL completes divestment of home textiles business for Rs 608 cr
New Delhi, Apr 2 (PTI) Chemicals major GHCL on Saturday said it has completed the divestment process of its home textiles business for Rs 608.30 crore and formally transferred the business to Indo Count Industries. Besides, Grace Home Fashions LLC (GHF), a US subsidiary of GHCL, has completed the sale of specified assets (inventory and [...]
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