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Monopoly stocks with high RoE and RoCE of more than 45% to add to your watchlist
Monopoly stocks are increasingly attractive to investors seeking stability and high returns. These companies dominate their respective markets, often enjoying minimal competition and strong pricing power. As we approach 2024, several monopoly stocks stand out for their impressive return ratios, making them worthy additions to your watchlist. Here are a few Monopoly Stocks with high [...]
AFCONS shares jump 11% from its listing price after weak debut. What changed the Sentiment?
Recently listed stock which is one of the leading infrastructure construction companies involved in the execution of large and complex projects jumps upto 11 percent from the day’s listing price upon receiving work orders worth Rs. 1,007 Crores and strong demand from investors. Price Action With a market capitalization of Rs. 17,516 Crores, the shares [...]
Stock under ₹50 to keep on your radar after company announces strong guidance for FY2026
Small-cap stock offering specialised engineered interior products gains, aiming for strong growth in FY2026, leveraging its new jumbo-size laminate and plywood segments. Share price variations: With a market capitalization of Rs. 976.39 crores, Rushil Decor Ltd. rose to an intraday high of Rs. 37.19 per share representing a 0.18 percent increase from its previous closing [...]
Tata Group stock jumps 12% after net profits increase by 76% YoY; Are you holding it?
Tata Group's stock, engaged in the hospitality and tourism industry, surged nearly 12 percent following a 76.5 percent year-on-year growth in net profit for Q2 FY25. Share price variations: With a market capitalization of Rs. 2,043.76 crores, Taj Gvk Hotels and Resorts Ltd. rose to an intraday high of Rs. 342.60 representing an 11.6 percent [...]
Midcap stocks with net profit CAGR of more than 35% trading at a discount of up to 37%
CAGR (Compound Annual Growth Rate) is a financial term that evaluates an investment's yearly growth rate over a given time period. It smoothes growth and adjusts for compounding effects. CAGR is commonly used to assess corporate performance and investment returns, offering insight into long-term trends. A stock trading at a discount from its 52-week high [...]
Smallcap stock in focus after receiving orders worth ₹1,300 Cr for supply of HSAW Pipes
SmallCap stock which is among the Largest welded-line pipe-manufacturing companies in the world jumped upto 2 percent in the day’s trade upon receiving work orders worth Rs. 1,300 Crores from the USA. Price Action With a market capitalization of Rs. 19,325.97 Crores, the shares of Welspun Corporation Limited were trading at Rs. 736.65 per equity [...]
Healthcare stock in focus after announcing expansion plans worth ₹1700 Cr in Mumbai
Shares of this large-cap integrated healthcare services provider gained investor interest following its announcement on November 1 regarding plans to expand capacity. The company intends to build and operate a 500-bed hospital in a prime location in Worli, Mumbai and is also set to increase its hospital capacity in Lucknow by an additional 200 beds. [...]
4 Stocks in which HDFC Group have bought fresh stake of up to 9.4% in Sep Qtr
HDFC Group, one of India’s leading financial conglomerates, encompasses diverse sectors including banking, insurance, and asset management. HDFC Bank, the group's flagship, serves over 75 million customers across 7,800+ branches. As of FY24, HDFC’s market capitalization exceeds Rs 10 lakh crore, solidifying its stronghold in India’s financial services industry. Here are the stocks in which [...]
Micro cap stock jumps 4% after receiving order worth ₹20 M for the Chennai Metro Project
During Monday’s trading session, the shares of one of the leading infrastructure solutions providers in India surged nearly 4.7 percent to Rs. 147 on BSE, after the company received an order worth Rs. 20 million from ITD Cementation India Limited. With a market cap of Rs. 215.3 crores, at 02:51 p.m., the shares of Trishakti [...]
Alcohol stock down by 4% after FII BOFA Securities sells 4 lakh equity shares via block deal
Alcohol stock primarily involved in the manufacturing and sale of Indian-made foreign liquor, extra-neutral alcohol, and many more slumps upto 4 percent in the day’s trade after FII BOFA Securities sells stake in it worth ~Rs. 12 Crores. Price Action With a market capitalization of Rs. 5,604.42 Crores, the shares of Tilaknagar Industries Limited were [...]
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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
ED attaches assets of MRPL DGM, wife in money laundering case
New Delhi, Apr 2 (PTI) Assets worth Rs 2.14 crore of a deputy general manager of Mangalore Refinery and Petrochemicals Ltd (MRPL) and his wife have been attached under the anti-money laundering law in a case linked to alleged possession of disproportionate assets, the ED said on Saturday.The official has been identified as Niranjan Gupta [...]
Grand Finale of India Design Week 2022 – Presented by ICT Academy in Association with Autodesk India
Chennai, Tamil Nadu, India (NewsVoir) ICT Academy, in association with Autodesk, launched the India Design Week (IDW) 2022, a unique initiative for future designers to learn, explore, innovate, and design products for different social problems using Autodesk Technology (Autodesk Fusion 360 software). The third edition of the IDW 2022 event was open for ICT Academy [...]
India, Aus ink trade pact; thousands of Indian goods to get duty-free access
New Delhi, Apr 2 (PTI) India and Australia on Saturday signed an economic cooperation and trade agreement under which Canberra would provide duty-free access in its market for over 6,000 broad sectors of India, including textiles, leather, furniture, jewellery and machinery. The agreement is likely to be implemented in about four months. The India-Australia Economic [...]
India-Aus trade pact to facilitate exchange of students, professionals, tourists: PM Modi
New Delhi, Apr 2 (PTI) The economic cooperation and trade agreement signed between India and Australia will enable the two countries to fully leverage the existing opportunities, besides facilitating the exchange of students, professionals and tourists, Prime Minister Narendra Modi said on Saturday. The India-Australia Economic Cooperation and Trade Agreement (IndAus ECTA) was signed by [...]
Stewart Copeland, Ricky Kej and Lahari Music Secure a Grammy Nomination for their Album, Divine Tides
Mumbai, Maharashtra, India (NewsVoir) Indian Music Composer and Grammy Winner Ricky Kej and Rock-legend Stewart Copeland (The Police) have been nominated for their latest album ‘Divine Tides’ at the 64th Annual Grammy Awards. South India’s largest label Lahari Music is the producer for this album. Ricky Kej’s previous Grammy Award win came in 2015 for [...]
Applications Open for University of Canberra’s VC’s Social Champion Scholarship
Three scholarships of about Rs. 1 Crore each per student will be offered New Delhi, Delhi, India (NewsVoir) Australia’s University of Canberra (UC) has opened applications to its VC’s Social Champion Scholarships starting, 01st April 2022. Three scholarships will be offered to international students intending to commence at UC in Semester One, 2023. Applications open [...]
Lanka economic crisis: Ruling coalition party urges Prez Gotabaya to form all-party govt
Colombo, Apr 2 (PTI) Sri Lanka’s former president Maithripala Sirisena’s Freedom Party has called on President Gotabaya Rajapaksa to form an all-party government to tide over the worst economic crisis in the island nation and said that it may leave the alliance if its request was ignored. Sri Lanka is currently experiencing its worst economic [...]
Royal Enfield total sales up 2.45 pc in March
New Delhi, Apr 2 (PTI) Motorcycle maker Royal Enfield on Saturday reported a 2.45 per cent increase in total sales at 67,677 units in March 2022. The company had sold 66,058 units in the same month last year, the company said in a statement. Domestic sales last month were at 58,477 units as against 60,173 [...]
Sri Lanka declares public emergency amidst protests over worst economic crisis
Colombo, Apr 2 (PTI) Sri Lankan President Gotabaya Rajapaksa has declared a nationwide public emergency amidst a spate of protests, including outside his house, over the worst economic crisis in the island nation. Rajapaksa issued a special gazette notification late on Friday night, declaring a public emergency in Sri Lanka with immediate effect from April [...]
Auto sales report – Tata Motors, Toyota Kirloskar, Skoda, Nissan and more!
The sales of cars in India have been low for some companies this year despite a high buying sentiment among consumers. However, many carmakers registered a significant sales growth in India last month as compared to March 2021. Tata Motors, Skoda and Kia India posted their highest ever monthly wholesales last month, while Maruti Suzuki [...]
India, Australia ink economic cooperation and trade pact to boost ties
New Delhi, Apr 2 (PTI) India and Australia on Saturday signed an economic cooperation and trade agreement under which Canberra would provide duty free access in its market for over 95 per cent of Indian goods such as textiles, leather, jewellery and sports products. The India-Australia Economic Cooperation and Trade Agreement was inked by Commerce [...]
NEWSALERT
Trade pact signed with India will further deepen our close ties, says Australian PM Scott Morrison. PTI RR ABM ABM
NEWSALERT
India-Australia trade pact truly a watershed moment for our relations: PM Modi on signing of agreement. PTI RR ABM ABM
NEWSALERT
India, Australia ink interim trade pact to boost economic ties. PTI RR ABM ABM
TVS Motor Company Registers Sales of 307,954 Units in March 2022
Hosur, Tamil Nadu, India (NewsVoir) TVS Motor Company registers sales of 307,954 units in March 2022 as against sales of 322,643 units in the month of March 2021. Two-Wheeler Total two-wheelers registered sales of 292,918 units in March 2022 as against sales of 307,397 units in March 2021. Domestic two-wheeler sales registered sales of 196,956 [...]
Sri Lanka declares public emergency amidst protests over economic crisis
Colombo, Apr 2 (PTI) Sri Lankan President Gotabaya Rajapaksa has declared a public emergency amidst a spate of protests over the worst economic crisis in the country. Rajapaksa issued a special gazette notification on Friday, declaring a public emergency in Sri Lanka with effect from April 1. On the President's command, Secretary to the President [...]
Dr Reddy inks USD 61-million deal to acquire Cidmus brand in India from Novartis
New Delhi, Apr 1 (PTI) Dr Reddy's Laboratories on Friday said it has inked a pact with Novartis AG to acquire the cardiovascular medicine brand Cidmus in India for USD 61 million (about Rs 463 crore). Under the agreement, Dr Reddy's will be assigned and transferred the Cidmus trademark in India from Novartis AG for [...]
CII to work on innovation, growth, technology areas in Maha: Official
Aurangabad, Apr 1 (PTI) The Maharashtra chapter of the Confederation of Indian Industry (CII) has decided to work on four aspects of innovation, growth, sustainability and technology (IGST) in the state to contribute in growth of the country's economy, a top official of the trade body said on Friday.Talking to reporters here, CII Maharashtra chapter [...]
Temporarily slowing down production of Covaxin: Bharat Biotech
New Delhi, Apr 1 (PTI) Bharat Biotech on Friday said it is temporarily slowing down production of its COVID-19 vaccine Covaxin across its manufacturing units for facility optimisation as it has already completed its supply obligations to procurement agencies and foresees decrease in demand. The company further said after the recent WHO post Emergency Use [...]
Used peace clause to provide excess support to rice farmers: India to WTO
New Delhi, Apr 1 (PTI) India on Friday informed the World Trade Organisation that it has used the peace clause of the WTO to provide excess support measures to rice farmers for marketing year 2020-21 in order to meet the domestic food security needs of its poor population. Under the peace clause, WTO (World Trade [...]
ECoR clocks highest-ever freight loading in railways
Bhubaneswar, Apr 1 (PTI) The East Coast Railway on Friday said it has achieved 232.13 million tonne of freight loading, the highest-ever figure in the Indian Railways, in the 2021-22 financial year, registering a growth of 13.28 per cent over the previous fiscal.The ECoR has been securing the top position in freight loading for the [...]
HFCL completes broadband connectivity in all gram panchayats of Jharkhand
Ranchi, Apr 1 (PTI) Telecom gear maker HFCL on Friday said it has completed broadband connectivity by optical fiber cable in all gram panchayats of Jharkhand under BharatNet project. Post completion, Jharkhand has become the first state in the country to provide broadband connectivity in all gram panchayats, it claimed. BharatNet is a flagship mission [...]
IFSCA signs information exchange pact with IRDAI
New Delhi, Apr 1 (PTI) Global financial services watchdog IFSCA on Friday signed an agreement with the Insurance Regulatory and Development Authority of India (IRDAI) for strengthening information exchange between the two regulators. This agreement focuses on strengthening of inter-regulatory exchange of information, technical cooperation and supervisory collaboration, and opens avenues towards developing innovative insurance [...]
Bharat Biotech temporarily ‘slows down’ Covaxin production for facility optimisation, decrease in demand
Hyderabad, Apr 1 (PTI) Bharat Biotech on Friday announced temporary slowing down of production of its COVID-19 vaccine Covaxin across its manufacturing facilities, having completed its supply obligations to procurement agencies and foreseeing a decrease in demand. The company, in a press release, said Bharat Biotech will focus on pending facility maintenance, process and facility [...]
WF Asian Reconnaissance Fund Ltd offloads 6.98 lakh IIFL Wealth shares worth Rs 119 cr
New Delhi, Apr 1 (PTI) Hedge fund WF Asian Reconnaissance Fund Ltd on Friday offloaded 6.98 lakh shares of IIFL Wealth for nearly Rs 120 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange (NSE), WF Asian Reconnaissance Fund Ltd sold a total of 6,98,922 shares at [...]
Future Retail, Future Enterprises default on Rs 8,158 cr loan repayments
New Delhi, Apr 1 (PTI) Two leading companies of the Kishore Biyani-led Future Group -- Future Retail and Future Enterprises -- on Friday collectively defaulted on loan repayments worth Rs 8,157.97 crore. The due date for payment of Rs 2,835.65 crore by Future Enterprises Ltd (FEL) and Rs 5,322.32 crore by Future Retail Ltd (FRL) [...]
NCLT allows govt to take over management of Delhi Gymkhana Club
New Delhi, Apr 1 (PTI) The National Company Law Tribunal (NCLT) on Friday allowed the central government to take over the management of the prestigious Delhi Gymkhana Club, nearly two years after a plea was submitted by the Centre citing "violations" of companies law by the club. Passing a 149-page order on the petition filed [...]
India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access
New Delhi, Apr 1 (PTI) Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately after the interim trade agreement between the two countries comes into force, according to government sources. Commerce and Industry Minister Piyush Goyal and his Australian counterpart [...]
Assam’s expenditure crosses Rs 1 lakh crore: Himanta
Guwahati, Apr 1 (PTI) Assam Chief Minister Himanta Biswa Sarma on Friday said in the Assembly that the total expenditure for the state has crossed Rs one lakh crore for the first time in 2021-22, placing it in the league of ‘big states’ with high spending capacity. He also said that during 2015-16 to 2019-22, [...]
Tax collection in Haryana rises 18% to Rs 54,606 crore in FY22
Chandigarh, Apr 1 (PTI) The total tax collection by Haryana's Excise and Taxation Department increased by 18.32 per cent to Rs 54,606 crore in the last fiscal. "There is an 18.32 per cent increase in tax collection by the state," Deputy Chief Minister Dushyant Chautala said on Friday. He congratulated the officers of the department [...]
SECL sets 182 mt coal output target, capex at Rs 5,200cr in FY’23
Kolkata, Apr 1 (PTI) Coal India subsidiary South Eastern Coalfields Ltd (SECL) has set a target of producing 182 million tonne of the dry fuel in the current financial year as against 142.51 mt of output in 2021-22, a company official said on Friday.An outlay of Rs 5,200 crore has been approved for the capital [...]
Wheat procurement begins in Haryana
Chandigarh, Apr 1 (PTI) Procurement agencies on Friday started purchasing wheat from farmers in Haryana at the minimum support price fixed by the government. In 410 mandis opened in the state for the purchase of wheat, the Food and Supplies Department, Hafed, Haryana Warehousing Corporation and Food Corporation of India are procuring the crop at [...]
Future Enterprises defaults on Rs 2,835.65 cr loan repayment
New Delhi, Apr 1 (PTI) Debt-ridden Future Enterprises Ltd (FEL) on Friday said it has defaulted on payment of Rs 2,835.65 crore to various banks and lenders. The due date to "pay an aggregate amount of Rs 2,835.65 crore" to its lenders, who are parties to an agreement under the One Time Restructuring (OTR) scheme, [...]
Russia-Ukraine conflict may affect supply chains of semiconductors: MoS IT
New Delhi, Apr 1 (PTI) The supply chains of global semiconductor industry, which was badly affected during the COVID-19 period, may see further disruptions due to the Russia-Ukraine conflict, Parliament was informed on Friday. The conflict may have particular impact on the supply of neon and hexafluorobutadiene gases that are essential to manufacture semiconductor chips [...]
Acrysil to acquire UK’s Tickford Orange Ltd for 11 mn pounds
New Delhi, Apr 1 (PTI) Acrysil Ltd, a manufacturer of composite quartz kitchen sinks, on Friday said it will fully acquire UK's Tickford Orange Ltd (TOL), a producer of solid surface products for kitchens and bathrooms, for 11 million pounds (nearly Rs 110 crore). The acquisition will be through the company's wholly owned subsidiary Acrysil [...]
Government extends foreign trade policy till September 30
New Delhi, Apr 1 (PTI) The government has further extended the existing Foreign Trade Policy (FTP) till September 30 this year, according to a commerce ministry notification. FTP provides guidelines for enhancing exports to push economic growth and create jobs.On March 31, 2020, the government had extended the Foreign Trade Policy 2015-20 for one year [...]
MakerMax develops testing devices, algorithms to tackle battery fires
Mumbai, Apr 1 (PTI) Canada-based startup MakerMax said it has developed testing devices and algorithms that can arrest battery fires and consequent loss of property and lives. The announcement comes amid a series of incidents of fire in two-wheeler electric vehicles (EVs). The device M201 creates the benchmark data of any battery by capturing five [...]
Assam’s GST collection falls by 2.36 per cent: CAG
Guwahati, Apr 1 (PTI) The state GST collection in Assam for 2020-21 decreased by 2.36 per cent compared to the previous year, a Comptroller and Auditor General (CAG) report for Finance accounts laid in the Assembly on Friday said. The report for the year 2020-21 said the state GST collection was Rs 8,549.02 crore compared [...]
JSW Neo Energy to set up hydro pumped storage project in Chhattisgarh
New Delhi, Apr 1 (PTI) JSW Energy arm JSW Neo Energy has inked a pact with the Chhattisgarh government for setting up a 1,000 MW capacity hydro pumped storage project. With rapid addition of renewable energy capacity in the country, development of energy storage solutions such as hydro pumped storage projects (PSPs) become essential due [...]
CNG price hiked by 80 paise, PNG by Rs 5
New Delhi, Apr 1 (PTI) CNG price in the national capital on Friday was hiked by 80 paise per kg, while piped cooking gas rates were increased by a steep Rs 5 per cubic metre on the back of the government raising input natural gas prices to record levels. CNG price in the National Capital [...]
PTC records highest trade volume in 2021-22
New Delhi, Apr 1 (PTI) Power trading solutions provider PTC India on Friday said it has registered a record trade volume of 87,450 million units in 2021-22, which was 9.25 per cent higher than the pervious year. "PTC clocked a record volume of 87,450 million units of energy during the FY22. Even in challenging times [...]
S Raju takes over as Director General of GSI
New Delhi, Apr 1 (PTI) S Raju has taken over as the Director General of Geological Survey of India (GSI), the Ministry of Mines said on Friday. He succeeds R S Garkhal who superannuated on Thursday. "Prior to assuming the present post, Raju was holding the post of Additional Director General and National Head, Mission-III [...]
Amfi prescribes new benchmark for mutual fund schemes
New Delhi, Apr 1 (PTI) Industry body Amfi has prescribed a new benchmarking system for mutual funds for each of their schemes in a bid to standardize and bring uniformity in the benchmarks. It has listed out first-tier benchmarks for 67 types of mutual fund schemes. This includes categories of debt, equity, hybrid and solution-oriented [...]
Kansai Nerolac elevates Anuj Jain as MD
New Delhi, Apr 1 (PTI) Kansai Nerolac Paints Ltd on Friday said its Executive Director Anuj Jain has been elevated as the managing director of the company. Jain succeeds H M Bharuka, vice chairman and managing director, who has been spearheading the firm for the last 21 years, Kansai Nerolac Paints said in a statement. [...]
Consumer forum directs Indian Rly to pay Rs one lakh for not giving berth despite reservation
New Delhi, Apr 1 (PTI) A consumer disputes redressal commission here has directed the Indian Railway to pay Rs one lakh to a senior citizen, who was not given a berth despite having a reservation. The south district consumer disputes redressal commission, Delhi, directed the General Manager of East Central Railway to pay the amount [...]
Coal India arm MCL posts record 168 mt production in FY’22
Bhubaneswar, Apr 1 (PTI) Coal India subsidiary Mahanadi Coalfields Ltd clocked a record production of over 168 million tonne in the 2021-22 financial year, registering a growth of around 14 per cent over the previous fiscal, an official said on Friday.The Odisha-based miner dispatched 176.17 mt of coal to its consumers, with a 21 per [...]
RBI fixes WMA limit for states at Rs 47,010 cr
Mumbai, Apr 1 (PTI) In view of improvement in the pandemic situation, the Reserve Bank on Friday decided to reduce the Ways and Means Advances (WMA) for states and Union Territories to Rs 47,010 crore from Rs 51,560 crore. WMA are temporary advances given by the RBI to the government to tide over any mismatch [...]
Ambassador of Dominican Republic visits Infopark as part of Kerala tour
Kochi, Apr 1 (PTI) Ambassador of the Dominican Republic to India, David Puig, on Friday visited the Infopark here as part of his Kerala tour to learn more about the educational and technological advancements in the state. During his visit, Puig interacted with John M Thomas, the CEO of Kerala State IT Parks, and representatives [...]
FMFL & wine to become cheaper in Odisha as govt reduces excise duty
Bhubaneswar, Apr 1 (PTI) Foreign Made Foreign Liquor (FMFL) and Wine will become cheaper in Odisha as the state government has reduced excise duty on these products in its new Excise Policy for the year 2022-23. In order to reduce disparity in MRP with neighbouring states and also to promote high quality FMFL and low [...]
India, Australia to sign interim trade pact on Saturday; thousands of Indian exports to get duty free access
New Delhi, Apr 1 (PTI) Indian exporters from over 6,000 broad sectors, including textiles, leather, furniture, jewellery and machinery, will get duty free access in the Australian market immediately after the interim trade agreement between the two countries comes into force, according to government sources. The economic cooperation and trade agreement will be signed by [...]
Chennai & Kamarajar Ports record 25.8% growth in cargo in FY22
Chennai, Apr 1 (PTI) Chennai and Kamarajar Ports have jointly handled 87.3 million metric tonnes of cargo traffic in financial year 2021-22 registering a growth of 25.8 per cent, according to a top official. Chennai Port handled 48.56 million metric tonnes (MMT) of cargo while 38.74 MMT was taken up by Kamarajar Port registering an [...]
Ukraine crisis: Trade to Russia, CIS nations impacted, says govt
New Delhi, Apr 1 (PTI) Trade to Russia and the Commonwealth of Independent States (CIS) countries has been affected due to the Ukraine crisis and shipping lines are not accepting goods for Russian ports, Parliament was informed on Friday. In a written reply in the Lok Sabha, Union Minister for Ports, Shipping and Waterways Sarbananda [...]
PGCIL transfers residual equity in Powergrid Vizag Transmission for Rs 330 cr
New Delhi, Apr 1 (PTI) State-owned Power Grid Corporation of India (PGCIL) has transferred its remaining 26 per cent stake shareholding in Powergrid Vizag Transmission Ltd to infrastructure investment trust PGlnvlT for a consideration of about Rs 330 crore. Also, the company has relinquished its right of additional revenue in its subsidiaries in favour of [...]
TVS Motor sales drop 5 pc in March
New Delhi, Apr 1 (PTI) TVS Motor Company on Friday reported a 5 per cent decline in total sales to 3,07,954 units in March. The company had posted a total sales of 3,22,643 units in the same month last year, TVS Motor Company said in a statement. Total sales of two-wheeler were lower at 2,92,918 [...]
Indian officer named VC of ITU’s Council Standing Committee on Administration and Management
New Delhi, Apr 1 (PTI) The government on Friday said that India has secured a leadership position in ITU's Council Standing Committee on Administration and Management with the appointment of an Indian officer as vice chairperson of the international body. International Telecommunication Union (ITU) is the United Nations specialised agency for information and communication. Aprajita [...]
Tripura to provide interest-free loans to youths to start ventures
Agartala, Apr 1 (PTI) The Tripura government has decided to provide interest-free loans to unemployed youths for raising economically viable ventures, Information and Cultural Affairs (ICA) minister Sushanta Chowdhury said on Friday. It has been often noticed that youths had raised their ventures after taking loans from banks or private players at exorbitant interest rates. [...]
ITR forms for 2021-22 notified; seek details of overseas retirement benefits, PF interest accrual
New Delhi, Apr 1 (PTI) The finance ministry has notified new income tax return forms which, among other things, will seek additional information with regard to overseas retirement benefits and interest accrual on provident fund deposits exceeding Rs 2.5 lakh a year. The Central Board of Direct Taxes (CBDT) has notified the forms ITR-1 to [...]
Ties between India-Australia grew swiftly since agreement of Comprehensive Strategic Partnership: Trade official
Chennai, Apr 1 (PTI) The India-Australia relationship is at an all-time high and the scale of the cooperation between the two countries has grown swiftly since the agreement of Comprehensive Strategic Partnership in 2020, the Australian Trade and Investment Commission said on Friday. The summit held in March this year between Prime Ministers Scott Morrison [...]
Future Retail Ltd defaults on repayment of Rs 5,322 crore debt
New Delhi, Apr 1 (PTI) Debt-ridden Future Retail Ltd (FRL) on Friday said it has missed the due date for repayment of Rs 5,322.32 crore to lenders on account of the ongoing litigations with e-commerce major Amazon and other related issues. Last year, FRL had entered into a One Time Restructuring (OTR) scheme for COVID-hit [...]
Suzuki Motorcycle reports 6.3% decline in March sales at 65,495 units
New Delhi, Apr 1 (PTI) Suzuki Motorcycle India Pvt Ltd (SMIPL) on Friday reported a 6.34 per cent decline in total sales at 65,495 units in March.The company had sold a total of 69,932 units in the same month last year.Domestic sales stood at 50,734 units as against 60,222 units in March last year.Exports were [...]
Farmers should be paid within 72 hrs of crop procurement, UP CM directs officials
Lucknow, Apr 1 (PTI) With Rabi crop procurement for 2022-23 beginning on Friday, Uttar Pradesh Chief Minister Yogi Adityanath directed officials to ensure that the money is transferred to the bank accounts of farmers within 72 hours of crop procurement, an official release said. The Centre has fixed the minimum support price (MSP) of wheat [...]
VE Commercial Vehicles sales climb 25.1% in March
New Delhi, Apr 1 (PTI) VE Commercial Vehicles Ltd, a joint venture between Volvo Group and Eicher Motors, on Friday reported a 25.1 per cent increase in sales at 8,803 units in March. The company had sold 7,037 units in the same month last year, VE Commercial Vehicles (VECV) said in a statement. Eicher branded [...]
Despite pandemic, waiver, BMC’s property tax collection rises by Rs 700 cr in 21-22 to touch record Rs 5.79k cr
Mumbai, Apr 1 (PTI) The property tax collected by the Mumbai civic body for the fiscal 2021-22 increased by Rs 700 crore from the previous financial year and touched a record Rs 5,792 crore despite the coronavirus-induced pandemic as well as a tax waiver on homes of up to 500 square feet, an official said [...]
Amazon-Future dispute: SC asks whether it can pass orders restraining alienation of FRL’s assets
The Supreme Court Friday asked whether it can pass any interim order on a plea of Amazon that Future Retail Ltd's assets including ’Big Bazaar shops’ not be alienated till the dispute over its merger with Reliance Retail is decided by the arbitral tribunal. A bench headed by Chief Justice N V Ramana, which has [...]
States have been very slow in extending cooperation for big infra projects: Piyush Goyal
New Delhi, Apr 1 (PTI) Commerce Minister Piyush Goyal on Wednesday lamented that states have been "very slow" in extending their cooperation and transferring land for big infrastructure projects like industrial corridors. Replying to a supplementary during Question Hour in Rajya Sabha, Goyal said, "I say with a lot of sadness that the kind of [...]
NCLT allows govt to takeover management of Delhi Gymkhana Club
New Delhi, Apr 1 (PTI) The National Company Law Tribunal (NCLT) on Friday allowed the central government to take over the management of the prestigious Delhi Gymkhana Club, nearly two years after a plea was submitted by the Centre citing "violations" of companies law by the club. Passing a 149-page order on the petition filed [...]
SBI UK chief awarded Freedom of the City of London
London, Apr 1 (PTI) The Regional Head of State Bank of India (SBI) UK, Sharad Chandak, has been awarded the Freedom of the City of London in recognition of the bank’s historic ties with the financial hub of Britain. Chandak received the honour at a ceremony attended by the Lord Mayor of London, Vincent Keaveny, [...]
Coal India arm CCL posts record output at 68.83 mt in FY’22
Ranchi, Apr 1 (PTI) Coal India arm Central Coalfields Ltd on Friday reported a record output of 68.83 million tonne in the 2021-22 fiscal, registering a 10 per cent growth over the previous year's production.The Jharkhand-based subsidiary of the coal behemoth also posted the highest-ever off-take at 71.86 mt during the last financial year, with [...]
Toshiba Electronic Devices & Storage Releases 150V N-channel Power MOSFET That Uses Latest Generation Process to Improve Power Supply Efficiency
KAWASAKI, Japan, Mar. 31, 2022 /Kyodo JBN-AsiaNet/-- Toshiba Electronic Devices & Storage Corporation ("Toshiba") has launched a 150V N-channel power MOSFET "TPH9R00CQH" (https://toshiba.semicon-storage.com/ap-en/semiconductor/product/mosfets/12v-300v-mosfets/detail.TPH9R00CQH.html) that uses the latest-generation (*1) process, "U-MOSX-H," and that is suitable for use in switching power supplies for industrial equipment -- including those deployed in data centers and communications base stations. Shipments [...]
Honda Cars’ domestic sales fall 7% in March
New Delhi, Apr 1 (PTI) Honda Cars India Ltd (HCIL) on Friday reported a 7 per cent decline in domestic sales at 6,589 units in March as compared to the year-ago period. The company had sold a total of 7,103 units in the same month last year. In March, the company said it exported 2,243 [...]
RINL records Rs 28,000 crore turnover in FY22
Hyderabad, Apr 1 (PTI) Rashtriya Ispat Nigam Limited (RINL), the corporate entity of Visakhapatnam Steel Plant, on Friday said it registered sales turnover of Rs 28,008 crore in the last financial year, 56 per cent higher than the previous year. RINL recorded a turnover of Rs 17,956 crore in 2020-21. In a press release, the [...]
CNG price hiked by 80 paise, total hike at Rs 4 in last one month
New Delhi, Apr 1 (PTI) CNG price in the national capital on Friday was hiked by 80 paise per kg on the back of the government raising input natural gas prices to record levels. CNG price in the National Capital Territory (NCT) of Delhi has been increased to Rs 60.81 per kg from Rs 60.01, [...]
29 food business operators found non-compliant with labelling provision of coffee-chicory mixtures: FSSAI
New Delhi, Apr (PTI) Food regulator FSSAI on Friday said that 29 food business operators have been found non-compliant with the labelling provisions of coffee-chicory mixtures. The Food Safety and Standards Authority of India (FSSAI) said in a statement that it has recently examined the labels of various FBOs (Food Business Operators), including large and [...]
NCLT allows govt to takeover management of Delhi Gymkhana Club
New Delhi, Apr 1 (PTI) Nearly two years after submitting its plea citing "violations" of companies law, the National Company Law Tribunal (NCLT) on Friday allowed the central government to take over the management of the prestigious Delhi Gymkhana Club. Passing a 149-page order on the petition filed by the corporate affairs ministry, a two-member [...]
Uber rides to cost more, company hikes fares by 15% in Mumbai
Mumbai, Apr 1 (PTI) App-based taxi firm Uber on Friday said it has raised fares by 15 per cent for travel in Mumbai to offset the impact of rising fuel prices.Diesel and petrol prices have gone up by Rs 6.40 per litre each between March 22, when they were hiked by 80 paisa per litre [...]
NEWSALERT
CNG price in Delhi hiked by 80 paise per kg following record natural gas prices. PTI ANZ ANZ ABM ABM
U.S.-India Alliance for Women’s Economic Empowerment Launches in New Delhi
New Delhi, Delhi, India – Business Today, the U.S.-India Strategic Partnership Forum (USISPF), the U.S. Department of State, the U.S. Agency for International Development (USAID), and George Washington University launched the U.S.-India Alliance for Women’s Economic Empowerment (Alliance) in New Delhi, India. The Alliance is a public-private partnership between the State Department, USAID, USISPF, and George [...]
District-level committees assessing CCL due as claimed by Jharkhand govt: CCL CMD
Ranchi, Apr 1 (PTI) The Central Coalfields Limited (CCL) on Friday said district level committees are assessing the Central PSU dues against claims made by the Jharkhand government. Last week, Jharkhand Chief Minister Hemant Soren had hit out at central PSUs alleging non-payment of Rs 1.36 lakh crore by coal companies was impacting the socio-economic [...]
MEIL to invest 35 million euros in energy transition, forays into hydrogen production
Hyderabad, Apr 1 (PTI) Drillmec, an Italy-based oil and gas drilling rig maker and a part of city-based MEIL Group, on Friday said its board of directors approved investment plan of 35 million euros in energy transition, which includes initiatives in production of hydrogen. A press release from MEIL said hydrogen production would be through [...]
NTPC Sail Power Co makes 250 MW unit commercially operational at Rourkela
New Delhi, Apr 1 (PTI) State-run power giant NTPC on Friday said its joint venture firm NTPC Sail Power Company Ltd (NSPCL) has made a 250 MW captive power unit commercially operational at Rourkela in Odisha. With this, the installed and commercial capacity of NSPCL has become 1,064 MW, while the NTPC Group's installed and [...]
Samunnati to increase workforce by 20% this year
Mumbai, Apr 1 (PTI) Agriculture value chain enabler Samunnati on Friday said it plans to increase its workforce by 20 per cent this year. Currently, the company has a headcount of 611. According to a statement, the company intends to bolster its workforce further by adding 20 per cent more talent in 2022, with close [...]
PVR discontinues operations of 23 screens after expiry of lease with Cineline India
New Delhi, Apr 1 (PTI) Multiplex operator PVR on Friday said it has discontinued operations of 23 screens across nine properties after the expiry of their lease with Cineline India. After this, PVR's screen count as on date has come down to 848 at 172 properties in 73 cities, the company said in a regulatory [...]
GST collection rises to all-time high of Rs 1.42 lakh cr in March
GST collections soared to an all-time high of Rs 1.42 lakh crore in March as the fiscal year-end frenzy to meet targets saw strong sales and a crackdown on evasions brought in more taxes. The Goods and Services Tax (GST) collection rose 15 per cent annually in March, the finance ministry said on Friday. With [...]
Ballantine’s Ushers in a New Era of Golf in India with First Golf Mixed Pro Challenge
18 teams with two men golfers and one woman golfer each to tee-off for the title New Delhi, Delhi, India – Business Wire India In continuation with their promise of many firsts in the Indian Golf Circuit, Ballantine’s, from the house of Pernod Ricard, is ready to host India’s first Golf Mixed Pro Challenge. The [...]
Acquisition of Citi India’s consumer business to boost Axis Bank’s retail franchise: S&P
New Delhi, Apr 1 (PTI) Axis Bank's planned acquisition of Citigroup's consumer banking portfolio will strengthen its retail market position as well as diversify the revenue profile, global rating agency S&P said on Friday. "We expect significant profitability improvements to only accrue from fiscal 2025 onwards as it will take time to complete the acquisition [...]
Direct selling firms bet big on Eastern India
Kolkata, Apr 1 (PTI) Direct selling companies are betting big on the eastern part of the country to expand their businesses as West Bengal, Bihar and Odisha are among the top five states in terms of the performance of the sector that witnessed over 7 per cent growth in the country in the COVID-hit 2020-21 [...]
MP: regulatory panel clears 2.64 per cent hike in power tariff
Bhopal, Apr 1 (PTI) The Madhya Pradesh Electricity Regulatory Commission (MPERC) has cleared a hike of 2.64 per cent in power tariff for the current financial year.The increase comes amid rising prices of fuels such as petrol, diesel and LPG.MPERC secretary Gajendra Tiwari told PTI on Friday that once the commission clears a hike in [...]
SBI economists suggest reforms to incentivise regional rural banks
Mumbai, Apr 1 (PTI) House economists at the State Bank of India (SBI) have called for a slew of reforms to incentivise regional rural banks, including granting them on-tap licence for conversion into Small Finance Banks (SFBs). In September 2018, the Reserve Bank of India (RBI) allowed urban cooperatives and microfinance lenders to convert themselves [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, APRIL 1 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67173.00 66889.00 STANDARD GOLD (99.5) : 51615.00 51431.00 PURE GOLD (99.9) : 51822.00 51638.00 -------------------- PTI MUM SSBSSB SSB
Hero Motocorp shares decline over 2 pc
New Delhi, Apr 1 (PTI) Shares of Hero Motocorp on Friday declined over 2 per cent amid fresh concerns related to the I-T department detecting multiple irregularities after raids on the company. Hero Motocorp shares tanked 6.32 per cent to Rs 2,151.60 apiece during the day on the BSE. Later, it managed to recover some [...]
Grow Your Savings with High FD Rates on Bajaj Finance Fixed Deposit
Pune, Maharashtra, India (NewsVoir) Investing a sizeable corpus of money in an excellent financial tool like a fixed deposit over a longer tenor can yield a generous amount at maturity. It can help you grow your idle savings and even beat inflation. Since the payout isn't affected by market movements, you can calculate your expected [...]
HDFC Bank Adjudged Best Performing Bank in SHG Linkage by NRLM, Ministry of Rural Development, Govt of India
Mumbai, Maharashtra, India – Business Wire India HDFC Bank has been adjudged Best Performing Bank in SHG Linkage by National Rural Livelihood Mission (NRLM), Ministry of Rural Development, Govt of India. At a function organised at Vigyan Bhavan, New Delhi, the award was presented by Shri Giriraj Singh, Hon’ Minister of Rural Development to Mr. [...]
JSPL plans largest & greenest steel plant in Odisha
Bhubaneswar, Apr 1 (PTI) After bagging Utkal B1 and B2 coal block in the Angul-Talcher belt in the state, Jindal Steel & Power Limited (JSPL) on Friday said it would develop its Odisha plant into the largest and greenest facility in the world. This was stated by the company’s chairman Naveen Jindal. He said JSPL [...]
Takuya Tsumura takes charge as President and CEO of Honda Cars India
New Delhi, Apr 1 (PTI) Honda Cars India on Friday said Takuya Tsumura has taken charge as President and CEO of the company. As part of the organisational changes, the company has also elevated Kunal Behl as Vice President, Marketing and Sales from his erstwhile position of Operating Head – Sales and Network Development. In [...]
Aegon Life teams up with Ahalia Finforex to provide life insurance
Kochi, Apr 1 (PTI) Aegon Life, a leading digital life insurance company, has partnered with Ahalia Finforex, a Kerala-based diversified financial services firm, to provide life insurance access to the unorganised and unserved segments of the society residing in Kerala. The exclusive partnership between Aegon Life and Ahalia Finforex provides insurance coverage to over five [...]
Coal India’s production rises 4.4 pc in FY’22
Kolkata, Apr 1 (PTI) Coal India on Friday said it registered production of 622.6 million tonne in 2021-22, a 4.4 per cent jump over that in FY21, bucking two years of declining streak.The mining major informed the bourses that its total off-take in 2021-22 was nearly 661.9 million tonne, a sharp 15.3 per cent jump [...]
Multibagger Fertilizer stock surges 470% in a year – ₹ 1 Lakh to ₹ 5.7 Lakh
Most fertilizer stocks were up as the market rose. Shares of Khaitan Chemicals & Fertilizers surged 4.97% and got locked at an upper circuit. It was already listed on the BSE, but it got listed on the NSE in October 2020. The share has given multibagger returns in the last year. On April 01, 2021, [...]
Gross loan portfolio by MFIs stood at Rs 2,56,058cr as of Dec 2021, report says
Kolkata, Apr 1 (PTI) Gross loan portfolio of the microfinance institutions stood at Rs 2,56,058 crore as of December 2021, according to an industry body report.As many as 13 banks hold the largest share of the portfolio with an outstanding at Rs 1,03,569 crore, which is 40.4 per cent of the disbursal by the MFIs, [...]
CarzSo sells 500 pre-owned cars through VR-based showrooms in last fiscal
Mumbai, Apr 1 (PTI) Virtual cars showroom platform CarzSo on Friday it has closed deals for more than 500 pre-owned cars in the fiscal ended March 2022, garnering a revenue of Rs 10 crore. The platform, which re-launched its VR-based cars showroom in January this year, offers its customers a wide range of pre-owned cars [...]
About 2,349 FPOs formed in last two years under central scheme: Tomar
New Delhi, Apr 1 (PTI) About 2,349 Farmer Producers Organisations (FPOs) have been formed in the last two years under a central scheme launched in 2020, Agriculture Minister Narendra Singh Tomar said in Rajya Sabha on Friday. The government is implementing a new central scheme "Formation and Promotion of 10,000 FPOs" under which FPOs formed [...]
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