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Smallcap stock down after promoters sells 3% stake at an average of ₹755.77 per share
Shares of this small-cap company, specializing in Geographical Information Services, fell over 4 percent on Monday to Rs.755.20 per share after, promoter Kadam Holding sold a 3 percent stake in the company. Price Movement In Monday’s trading session, Genesys International Corporation Limited's share price dropped to an intraday low of Rs.755.20 per share, down 4.3 [...]
Navratna PSU stock in focus after receiving work orders worth ₹236 Cr; Do you own it?
Navratna PSU which is one of the largest realty CPSEs in India with operations in project management consultancy and development in focus upon receiving new work orders worth ~Rs. 236 Crores. Price Action With a market capitalization of Rs. 26,192 Crores, the shares of NBCC (India) Limited were trading at Rs. 97.11 per equity share, [...]
Defence stock in focus after receiving work order to supply Navigational and Radar Systems
Defence stock engaged in the manufacturing and sale of all types of marine and industrial electrical & electronic components in focus upon receiving new work orders worth Rs. 5.13 Crores to supply Navigational and COTS Radar Systems. Price Action With a market capitalization of Rs. 2,994.91 Crores, the shares of Marine Electricals Limited hit a [...]
Drone stock jumps 3% after reporting 350% YoY increase in net profits
The shares of the drone solution provider gained up to 3.2 percent after the company’s net profit and revenue zoomed significantly by 350 percent and 267 percent respectively in Q2FY25. With a market capitalization of Rs 17,062.17 crore, the shares of Zen Technologies Ltd were trading at Rs 1,889.70 per share, increasing around 1 percent [...]
FinTech stock in focus after it turns profitable in Sep Qtr; Are you holding it?
Shares of one of the largest integrated omnichannel payment solutions providers in India, catering to banks & corporate clients surged 2.7 percent on BSE to Rs 99 on Monday, after reporting a net profit of Rs. 15 crores, a significant recovery from a loss of Rs. 61 crores in Q2 FY24. With a market cap [...]
Logistic stock jumps 3% after receiving ₹300 Cr investment in its subsidiary
Shares of this small-cap logistics company, which offers services for the oil, gas, chemicals, and petrochemical sectors, jumped over 3 percent on Monday morning following an Rs.300 crore investment in its subsidiary, Aegis Vopak Terminals Limited (ATVL), through a preferential allotment. Price Movement During Monday’s trading session, Aegis Logistics Ltd's stock reached a peak of [...]
Smallcap stock jumps 3% after it reports 140% YoY growth in net profit
The shares of the infrastructure company gained by 3 percent after the company’s net profit and revenue magnified drastically by 140 percent and 63 percent respectively in H1FY25. With a market capitalization of Rs 6,156.59 crore, the shares of Bondada Engineering Ltd were trading at Rs 570.00 per share, increasing around 3 percent as compared [...]
Infra stock in focus after securing order worth ₹312 Cr from Maha Gov
During Monday’s trading session, the shares of one of the leading highway developers in India surged 1.03 percent to Rs. 247.95 on BSE, after the company has been declared as the Lowest Bidder (L1) by the Maharashtra government for a project worth nearly Rs. 312 crores. With a market cap of Rs. 6,688.2 crores, the [...]
Defence stock jumps 14% after partnership with Mitsubishi to supply thermal power turbine engines
Shares of this small-cap defense stock, which specializes in aerospace components and turbine services, surged over 14 percent on Monday morning. The rise followed the announcement of a Long-Term Contract and Price Agreement (LTCPA) with Mitsubishi Heavy Industries Limited (MHI) of Japan for the supply of sophisticated rotating and stationary airfoils for advanced gas and [...]
Ashish Kacholia stock jumps after securing order worth ₹6Cr from Jammu Govt
During Monday’s trading session, the shares of a company operating in manufacturing and supply of power transmission products surged nearly 2.2 percent to Rs. 1,825 on BSE, after securing an order worth Rs. 6.7 crores from Jammu Region by Jammu Kashmir Power Transmission Corporation Limited (JKPTCL). With a market cap of Rs. 1,901 crores, at [...]
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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
Finmin asks ministries not to issue of ‘Letter of Comfort’ for projects
New Delhi, Apr 1 (PTI) The finance ministry has asked other ministries and departments not to issue 'Letter of Comfort' to any hired entity for undertaking projects on their behalf, as part of efforts to improve transparency in fiscal management. Issuance of 'Letter of Comfort' by the ministries and department helps a vendor in achieving [...]
Belstar Microfinance raises Rs 275 cr from Affirma Capital, others
Mumbai, Apr 1 (PTI) Belstar Microfinance Limited (BML), a subsidiary of Muthoot Finance Ltd, on Friday said it has raised equity capital of Rs 275 crore from a new investor Affirma Capital and others. Existing investors Muthoot Finance and Maj Invest also participated in the latest funding round. The funding will help the microfinance player [...]
No proposal under consideration to take back IT Rules 2021: Rajeev Chandrasekhar
New Delhi, Apr 1 (PTI) There is no proposal under consideration of the government to go for fresh public consultation or to take back the IT Rules 2021, Parliament was informed on Friday.With a view to ensure an open, safe and trusted Internet for users and in tune with the changing requirements, the Ministry of [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, APRIL 1 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 800.00 COPPER HEAVY SCRAPS 788.00 COPPER ARMATURE (CREDIT) 774.00 COPPER UTENSILS SCRAP 710.00 CC ROD 842.00 CC ROD (RECYCLED) 798.00 BRASS :- BRASS SHEET CUTTING 575.00 BRASS UTENSIL SCRAP 539.00 BRASS HONEY 514.00 [...]
India Inc’s credit quality improved sharply in second half of FY22: Rating agencies
Mumbai, Apr 1 (PTI) Corporate India's credit quality showed a sharp improvement in the second half of FY22, but high input prices and withdrawal of pandemic-related relief measures can pose pressures in the new year, rating agencies said on Friday. Crisil Ratings, which rates a large number of financial sector entities, reported an improvement in [...]
Novac Technology forays into Metaverse; holds Rewards and Recognition programme
Chennai, Apr 1 (PTI): Digital transformation and cloud solutions company Novac Technology Solutions on Friday said it forayed into the Metaverse platform by conducting the Rewards and Recognition Programme ceremony. Building a multi-user virtual environment with real-time communication, the company's hybrid model aims to bring together the 'work from home' and 'work from office' employees [...]
Gujarat govt needs sound repayment strategy to avoid debt trap, says CAG report
Ahmedabad, Apr 1 (PTI) The report of the Comptroller and Auditor General of India tabled in the Gujarat Assembly has pointed out that the state government needs to formulate a "well thought out" debt repayment strategy to avoid falling into a debt trap. The 'State Finances Audit Report of the CAG for the year ended [...]
Maruti, Hyundai witness dip in wholesales in Mar; Tata Motors, Kia post highest-ever sales
New Delhi, Apr 1 (PTI) The country's leading automakers Maruti Suzuki and Hyundai Motor reported a decline in dispatches to dealers in March as shortage of electronic components impacted production.On the other hand, Tata Motors, Skoda and Kia India posted their highest ever monthly wholesales last month.Toyota Kirloskar Motor said its dispatches in March were [...]
Govt exempts 5 pc TCS on overseas tour packages sold to NRIs visiting India
New Delhi, Apr 1 (PTI) The government has exempted tour operators from collecting taxes from non-resident Indians visiting India and booking their overseas tour package from the country. Currently, domestic tour operators are required to collect 5 per cent tax collected at source (TCS) on sale of overseas tour packages. The Income Tax Act provides [...]
No proposal to revise subsidy sharing pattern between Centre and states under PMFBY: Tomar
New Delhi, Apr 1 (PTI) The government on Friday said there is no proposal under consideration to revise the subsidy sharing pattern between the Centre and states under the Pradhan Mantri Fasal Bima Yojana. PMFBY (Pradhan Mantri Fasal Bima Yojana), launched in February 2016, aims at providing financial support to farmers facing crop loss/damage due [...]
National Cyber Security Strategy 2021 draft formulated by NSCS: Rajeev Chandrasekhar
New Delhi, Apr 1 (PTI) The National Security Council Secretariat (NSCS) has formulated a draft National Cyber Security Strategy 2021 that comprehensively looks at addressing the national cyberspace security issues, the Parliament was informed on Friday. The government is fully cognizant and aware of the various cyber security threats, and has taken a number of [...]
OILSEEDS PRICES
APRIL 1,2022 MUMBAI, (PTI) OILS (per 10 Kgs) OIL SEEDS (per 100 Kgs) Gr. Kernel 8050.00 Gr. Bolds 60/70 8800.00 Gr. Javas 60/70 9900.00 Gr Javas 70/80 9800.00 Gr.Javas 80/90 9400.00 Kardiseed 2pct Crug/Expor Qly 5900.00 Seasameseed Whitish 98/2/FFA/1FM 10000.00 Whitish 95/5/FFA/1FM 9800.00 Brown 48/2 FFA/4 FM 9400.00 Brown 48/3 FFA/4 FM 9100.00 Brown 48/4 [...]
Asian Paints to acquire stake in White Teak, Weatherseal Fenestration
New Delhi, Apr 1 (PTI) Asian Paints Ltd on Friday said it will acquire stake in two companies -- White Teak and Weatherseal Fenestration -- in a move to strengthen its presence in the fast-growing home improvement and décor segment. Asian paints will acquire 100 per cent of Obgenix Software, popularly known by the brand [...]
Coal India achieves record production of 622 MT in FY22
New Delhi, Apr 1 (PTI) State-owned Coal India Limited (CIL) on Friday reported a record coal production in FY22 at 622.6 million tonnes, registering an annual growth of 4.4 per cent. In 2020-21, coal production stood at 595.2 million tonnes (MT). Coal supplies to power generation companies during FY22 also touched a record of 540.4 [...]
Tanishq on expansion mode, to set up 45-50 stores pan-India
Coimbatore, Apr 1 (PTI) Tanishq, noted jewellery brand from the diversified conglomerate Tata Group, has drawn up plans to set up nearly 45-50 new stores during the current financial year which include seven in Tamil Nadu, a company official said on Friday. With customers moving to organised jewellery shops, the company was making huge investment [...]
Tata Motors total domestic sales rise 30% in March
Tata Motors on Friday said its total domestic sales increased by 30 per cent to 86,718 units in March as compared to 66,462 units in the year-ago period. The company said its passenger vehicle wholesales rose by 43 per cent to 42,293 units last month as against 29,654 units in March 2021. Its commercial vehicle [...]
Kogta Financial raises Rs 846 crore from Multiples, Canadina Pension Board, others
Mumbai, Apr 1 (PTI) Rajasthan-based Kogta Financial, an NBFC focused on vehicle and MSME lending, on Friday said it has raised Rs 846 crore in a funding round led by Multiples Private Equity and Canada Pension Plan Investment Board. Kogta's existing investors Morgan Stanley Private Equity Asia and Creador IV also participated in the latest [...]
Ashok Leyland total vehicle sales rise 17% to 20,123 units in March
Mumbai, Apr 1 (PTI) Hinduja Group flagship Ashok Leyland on Friday reported a 17 per cent year-on-year growth in its total vehicle sales, including exports, at 20,123 units in March. The company had sold a total of 17,231 vehicles in March 2021, Ashok Leyland said in a statement. Total Medium and heavy commercial vehicle (M&HCV) [...]
Mahindra & Mahindra total sales up 35% in March
New Delhi, Apr 1 (PTI) Mahindra & Mahindra (M&M) on Friday said its total sales increased by 35 per cent to 54,643 units in March as compared with the year-ago period. The Mumbai-based auto major had dispatched 40,403 units in March 2021. The company sold 27,603 passenger vehicles last month in the domestic market as [...]
Nissan India reports 25% decline in domestic wholesales in March
New Delhi, Apr 1 (PTI) Automaker Nissan India on Friday reported a 25 per cent decline in domestic wholesales at 3,007 units in March. The company had registered 4,012 units in domestic wholesales in March 2021. The domestic wholesales of the company were at 37,678 units in the fiscal ended March 2022, Nissan India said [...]
ATF price hiked by 2%; commercial LPG price goes up by Rs 250
Jet fuel prices on Friday were hiked by 2 per cent - the seventh straight increase this year - to an all-time high, reflecting a surge in global energy prices. Aviation turbine fuel (ATF) - the fuel that helps aeroplanes fly - was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs [...]
NBC Bearings unveils brand mascot ‘Runningo’ to represent its long-term sustainable solutions
NBC Bearings is the first to launch a brand mascot amongst other players in the industry JAIPUR, India, April 1, 2022 /PRNewswire/ -- National Engineering Industries Ltd. (NBC Bearings), a part of the USD 2.4 billion diversified CK Birla Group, today introduced their brand mascot, 'Runningo' as part of their ongoing campaign, 'Lambi race ke [...]
Hindustan Zinc enters into a long-term captive renewable power development plan, with a capacity of 200 MW
UDAIPUR, India, April 1, 2022 /PRNewswire/ -- In line with Prime Minister Narendra Modi's vision of making India' Net Zero', Hindustan Zinc has joined the global movement of leading companies that are aligning their business to limit global temperature rise to 1.5°C above preindustrial levels and reach net-zero value chain emissions by no later than [...]
Hyundai sales dip 14% in March to 55,287 units
New Delhi, Apr 1 (PTI) Hyundai Motor India on Friday said its total sales declined 14 per cent to 55,287 units in March, as compared with same month last year. The company had dispatched 64,621 units to its dealers in March 2021. For 2021-22 fiscal, the company reported total sales of 6,10,760 units, up by [...]
Shravan Subramanyam takes over as new President of NATHEALTH
New Delhi, Apr 1 (PTI) Healthcare industry body NATHEALTH on Friday said it has appointed Wipro GE Healthcare Managing Director Shravan Subramanyam as its new President.Subramanyam takes over from Harsh Mahajan, Founder & Chief Radiologist at Mahajan Imaging, the industry body said in a statement.Other members of the newly elected NATHEALTH leadership team are Ashutosh [...]
Biden orders release of 1 million barrels of oil per day from US strategic reserve for 6 months to tame gas prices
The US will release 1 million barrels of oil per day from its strategic petroleum reserve for the next six months, President Joe Biden has announced, as he tried to keep the oil prices under control with the largest-ever release from its emergency oil stash. Biden's move comes after Russia's invasion of Ukraine had sent [...]
EIL inks MoU with NRL for development, commercialization of technologies
New Delhi, Apr 1 (PTI) State-owned Engineers India Ltd (EIL) has signed a memorandum of understanding (MoU) with Numaligarh Refinery Ltd (NRL) for the development and commercialization of technologies. The MoU was signed on March 31, 2022, the company said in a statement. "Under the MoU, EIL and NRL will jointly develop and license indigenous [...]
Brick manufacturing, trading to attract 6% GST without ITC; 12% with credit
New Delhi, Apr 1 (PTI) Brick kilns can opt for a composition scheme to pay a 6 per cent GST without input tax credit (ITC) beginning Friday, higher than 5 per cent earlier.Those businesses who do not wish to opt for the composition scheme would be subject to 12 per cent Goods and Services Tax [...]
Goyal allays concerns of Deve Gowda, says Karnataka govt procuring ragi at MSP
New Delhi, Apr 1 (PTI) The Karnataka government has started procurement of ragi at the minimum support price while for maize it has not yet sought permission from the Centre, Union Food Minister Piyush Goyal said in the Rajya Sabha on Friday.JDS supremo H D Deve Gowda, during the Question Hour, said no step has [...]
Guar seed futures rise on fresh bets
New Delhi, Apr 1 (PTI) Guar seed prices on Friday rose by Rs 155 to Rs 6,331 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 155 or 2.45 per [...]
Guar gum futures surge on spot demand
New Delhi, Apr 1 (PTI) Guar gum prices on Friday surged by Rs 498 to Rs 12,172 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 498 or 4.09 per cent to Rs 12,172 [...]
Kia India reports best-ever monthly sales in March with dispatch of 22,622 units
New Delhi, Apr 1 (PTI) Automaker Kia India on Friday reported its best-ever monthly sales in March at 22,622 units.The company said its wholesales last month increased by 18 per cent to 22,622 units compared to the same month last year.In March, Seltos remained the company’s best-seller with 8,415 unit sales, while the newly launched [...]
Crude oil futures decline on low demand
New Delhi, Apr 1 (PTI) Crude oil futures on Friday dropped by 3.34 per cent to Rs 7,507 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 259 or 3.34 per cent to Rs 7,507 per barrel with a business volume [...]
KFin Technologies files draft papers with Sebi for Rs 2,400 cr IPO
New Delhi, Apr 1 (PTI) Financial services platform KFin Technologies has filed preliminary papers with market regulator Sebi to raise Rs 2,400 crore through an Initial Public Offering (IPO). The IPO is entirely an Offer-For-Sale (OFS) by promoter General Atlantic Singapore Fund Pte. Ltd, according to the Draft Red Herring Prospectus (DRHP). The company will [...]
NTPC begins commercial operation of 22 MW floating solar capacity in Kerala
New Delhi, Apr 1 (PTI) Power giant NTPC on Friday announced the commercial operation of 22 megawatts of floating solar capacity in Kayamkulam, Kerala.The capacity, which began commercial operation on Thursday, is part of its 92 MW Kayamkulam floating solar PV project, NTPC said in a statement."Consequent upon successful commissioning, the first part capacity of [...]
Housing sales up 71% in 7 major cities in Jan-Mar; highest sales since 2015
New Delhi, Apr 1 (PTI) Housing sales across seven cities increased 71 per cent in January-March to 99,550 units, the highest quarterly sales since 2015, on low-interest rates on home loans and the growing concept of homeownership, according to property consultant Anarock.Sales of residential properties stood at 58,290 units in the year-ago period and 90,860 [...]
‘Make in India’ & ‘Atmanirbhar Bharat’ seek to increase India’s self-sufficiency: US report
Washington, Apr 1 (PTI) Initiatives such as “Make in India” and “Atmanirbhar Bharat” seek to increase India’s self-sufficiency by promoting domestic industry and reducing reliance on imported goods, the US Trade Representative has said in a report, observing that American exporters encounter "significant" tariff and non-tariff barriers in the country. In its National Trade Estimate [...]
Torrent Power takes over electricity distribution assets in Dadra & Nagar Haveli, Daman and Diu
New Delhi, Apr 1 (PTI) Torrent Power on Friday announced the takeover of the power distribution operations in Union territory Dadra & Nagar Haveli and Daman & Diu.The assets were privatised under the government's ambitious programme to privatise the distribution network in Union territories through a competitive bidding process, Torrent Power said in a statement."Torrent [...]
HireHunch, A Marketplace for Tech Hiring Raises Seed Round of USD 500K Led by Waveform Ventures
Mumbai, Maharashtra, India (NewsVoir) • The seed round also saw participation from marquee angels like Alok Mittal, Founder, Indifi, Saurabh Bansal, Chief Merchandising Officer, Snapdeal, Kshitij Jain, Founder, Joveo, Ram Kuppuswamy, Chief Procurement & Supply Chain Officer, Hero MotorCorp, Gunjan Srivastava, CEO, Bosch Siemens (UK), Ramneek Khurana, Co-founder, Lenskart, Deepak Singh Ahlawat, Founder, Anzy Global, [...]
8 Stocks to buy now recommended by experts for short term gains
Most sectoral indices like oil & gas, power, and realty are trading in the green, except for IT. However, benchmark indices BSE Sensex and Nifty 50 are trading flat. The BSE Sensex is hovering at 58871.48 points while the NSE Nifty is at 17540.55 points. Brokerages have given targets and recommendations for the following stocks: [...]
FedEx Study Reveals Top Priorities for Gen Z in India
Mumbai, Maharashtra, India – Business Wire India • Over half of Gen Z have incorporated more technology and reduced their environmental impact over the last year • 30% of Gen Z respondents state sustainability is a key consideration in their employment and career journey FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the [...]
Bosch acquires 14% stake in Zeliot Connected Services
New Delhi, Apr 1 (PTI) Bosch Ltd, a provider of technology and services in the mobility ecosystem, on Friday said it has acquired a 14 per cent stake in Bengaluru-based B2B start-up Zeliot Connected Services Pvt Ltd. This investment will enhance Bosch Ltd's role in the mobility landscape through offerings on digital platforms in the [...]
Biocon Biologics gets European Medicines Agency’s backing for Inpremzia
New Delhi, Apr 1 (PTI) Biocon Biologics, an arm of Biocon Ltd, on Friday said a committee of the European Medicines Agency has recommended the granting of marketing authorisation for its biosimilar, Inpremzia, a pre-mixed ready-to-use insulin formulation for intravenous infusion. Inpremzia has been developed by Celerity Pharmaceuticals LLC using Biocon Biologics' biosimilar insulin drug [...]
Power consumption grows 4.6% to 126.12 billion units in March
New Delhi, Apr 1 (PTI) India's power consumption has grown steadily at 4.6 per cent year-on-year in March to 126.12 billion units (BU), showing the impact of early onset of summers and easing of lockdown restrictions by states. Power consumption in March 2021 was 120.63 BU, higher than 98.95 BU in the same month of [...]
5 tips to make your fuel tank last longer while prices are high
Sydney, Apr 1 (The Conversation) The Australian government’s announcement of a halved fuel excise is no doubt music to many people’s ears.Following Tuesday night’s budget release, the excise (a government tax included in the purchase price of fuel) was halved from 44.2 cents per litre to 22.1 cents.It should provide some respite from high petrol [...]
Maruti Suzuki sales up 2% at 1,70,395 units in March
New Delhi, Apr 1 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Friday reported a 2 per cent rise in total wholesales to 1,70,395 units in March.The company had sold 1,67,014 units in March 2021, MSI said in a statement.Last month, the company's domestic dispatches, however, declined 7 per cent to 1,43,899 units [...]
AAK Kamani committed towards Making Better Communities Happen with CSR programme Pragati
Support Khopoli by donating an ambulance, waste collection van and two Water Purification Plants KHOPOLI, India, April 1, 2022 /PRNewswire/ -- AAK Kamani, the country's leading manufacturer of specialty oils and fats, has donated an ambulance and a waste collection van to group gram panchayat Honad, along with Water Purification Plants based on RO technology [...]
Blockchain development giant Brugu makes US$25 million windfall gains
A new found craze for NFT and metaverse coupled with a favourable regulatory environment and an increasing appetite for blockchain adoption have seen Brugu's growth skyrocket to new hei ghts HYDERABAD, India, April 1, 2022 /PRNewswire/ -- Brugu Software Solutions, one of India's fastest growing blockchain development and engineering companies, has announced a major boost [...]
Brookfield buys 51 pc stake in 4 properties of Bharti group at Rs 5,000 cr enterprise value
New Delhi, Apr 1 (PTI) Global investment firm Brookfield has agreed to buy 51 per cent stake in Bharti Enterprises' four commercial properties, including Worldmark at Aerocity in the national capital, at an enterprise value of Rs 5,000 crore. In a statement, Bharti Enterprises and Brookfield announced that they have entered into a joint venture [...]
Toyota Kirloskar sells 17,131 units in March; its highest ever monthly sales in five years
Toyota Kirloskar Motor (TKM) on Friday reported total wholesales of 17,131 units in March, its best-ever monthly sales in five years. Last month, the company's dispatches rose by 14 per cent compared to 15,001 units in March 2021. The automaker also registered a 58 per cent cumulative growth in FY2021-22 by clocking wholesales of 1,23,770 [...]
More permanent skilled visas are big deal; Aus govt heading in right direction
Melbourne, Apr 1 (The Conversation) Migration didn’t rate a mention in Treasurer Josh Frydenberg’s budget speech. But the increase in Australia’s permanent skilled intake that Home Affairs Minister Alex Hawke announced on budget night is a big deal, and one that will leave Australians better off.The government is shifting the composition of Australia’s permanent skilled [...]
MUM BULLION OPENING RATES
MUMBAI, APR 1 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 67173.00 STANDARD GOLD (99.5) : 51615.00 PURE GOLD (99.9) : 51822.00 -------------------- PTI MUM SVC SVC
Skoda reports best monthly sales in March; dispatches rise five-fold to 5,608 units
New Delhi, Apr 1 (PTI) Skoda Auto India on Friday reported a five-fold increase in its sales to 5,608 units in March compared to 1,159 units in the same month last year.This is the highest ever sales volume clocked in a month by the automaker in its two-decade history in India.The previous monthly high for [...]
Brookfield buys 51% stake in Bharti Enterprises’ four prime commercial assets
New Delhi, Apr 1 (PTI) Global investment firm Brookfield has agreed to buy 51 per cent stake in Bharti Enterprises' four commercial properties, including Worldmark at Aerocity in the national capital, at an enterprise value of Rs 5,000 crore. In a statement, Bharti Enterprises and Brookfield announced that they have entered into a joint venture [...]
New book on PM Narendra Modi’s Tackling of National Security Crises Released by MoS External Affairs, Meenakshi Lekhi
New Delhi, 1 April, 2022: A new book authored by Dr. Sreeram Chaulia, the Dean of the Jindal School of International Affairs of O.P.Jindal Global University, titled Crunch Time: Narendra Modi’s National Security Crises (Rupa Publications), was released at the India International Centre in New Delhi on March 31 by the Minister of State for [...]
Stanza Living acquires Singularity Automation to strengthen its tech ecosystem
New Delhi, Apr 1 (PTI) Coliving operator Stanza Living has acquired enterprise IoT platform Singularity Automation in an all-cash deal to strengthen its technology ecosystem.Gurugram-based Stanza Living, which provides managed accommodations to students and working professionals, did not disclose the deal value.In a statement, Stanza Living said the acquisition is expected to strengthen its in-house [...]
Hero Motocorp shares tumble over 6% amid concerns of multiple irregularities
Shares of Hero Motocorp on Friday declined over 6 per cent amid fresh concerns related to the I-T dept detecting multiple irregularities after raids on the company. Shares of Hero Motocorp tanked 6.32 per cent to Rs 2,151.60 on the BSE. At the NSE, it tumbled 6.28 per cent to Rs 2,150. The Income Tax [...]
Asia Today Research and Media Acknowledged and Felicitated the Winners of Asia Education Summit & Awards 2022
Bangalore, Karnataka, India – Business Wire India Asia Today Research & Media organized its Asia Education Summit & Awards 2022 Ceremony with the theme “The New Education Policy will enhance our education system one step more towards immense opportunities” recently at Hotel Taj MG Road, Bangalore, Karnataka. The summit aimed to find the key factors [...]
APL Apollo sales grow 27% to over 5.5 lakh tonne in Jan-Mar
New Delhi, Apr 1 (PTI) APL Apollo Tubes Limited on Friday said its sales grew about 27 per cent to 5,51,723 tonne in the fourth quarter ended March 31, 2022.The company had clocked 4,35,348 tonne sales in January-March 2020-21, structural steel tube maker said in a statement.For the entire 2021-22 fiscal, APL Apollo registered a [...]
Eighteen Countries’ Diplomats to China visits QI-ANXIN — the Company Fully Opens the International Market
BEIJING, March 31, 2022 /Xinhua-AsiaNet/-- Twenty diplomats of 18 countries visited QI-ANXIN on the morning of March 30. The diplomatic delegation had in-depth exchanges and discussions with Chairman Qi Xiangdong and President Wu Yunkun of QI-ANXIN Group on the company's achievements in ensuring network security for the 2022 Beijing Winter Games. QI-ANXIN shared the solutions, [...]
MUMBAI PEPPER COPRA OPENING RATES
MUMBAI, APR 1 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 19700 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1750 T.P ------------------ PTI SVC SVC
RBI-MONEY MARKET OPERATIONS
MUMBAI, Mar 31 (PTI) Money Market Operations as on March 30, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 453,815.35 3.37 0.01-3.70 I. Call Money 11,484.75 3.27 2.20-3.60 II. Triparty Repo 339,887.25 3.38 3.10-3.45 III. Market Repo 102,443.35 3.34 0.01-3.70 IV. Repo [...]
MG Motor retail sales down 14.5% in March
MG Motor India on Friday reported a 14.5 per cent decline in retail sales in March at 4,721 units, hit by supply chain constraints due to the new COVID-19 variant and the ongoing global semiconductor chip shortage. The company had retailed 5,528 units in March last year. Sales in March this year was "immensely impacted [...]
Forex market note
Mumbai, Apr 1 (PTI) Forex market to remain closed on Friday for the annual account closing of banks. PTI DRR DRR
Automation Anywhere Announces Winners of its 2022 Global Partner Awards
Partners worldwide recognized for enabling organizations to accelerate intelligent automation BANGALORE, India, March 31, 2022 /PRNewswire/ -- Automation Anywhere, a global leader in robotic process automation (RPA), today announced the winners of its Global Partner of the Year Awards that were presented this week at the company's annual Virtual Partner Summit. The annual awards recognize [...]
A Unique Fusion of Style and Coolness, Be Ziddi Takes the Market in Storm
Jaipur, Rajasthan, India – Business Wire India In today’s world, online shopping has become a joy and exciting task for most customers. These days T-Shirts, Sweatshirts, Hoodies etc are in high demand among the youth if they have quotes and themes printed. Online shopping is more accessible with Beziddi.com. This platform provides the latest collection [...]
PingPong Payments enters a partnership with India Sourcing Network (ISN) to enable international growth for U.S. buyers and Indian sellers
NEW YORK, March 31, 2022 /PRNewswire/ -- FinTech unicorn ($2bn) PingPong Payments, specialists in cross-border payments solutions, has partnered with India Sourcing Network (ISN), to make borderless e-commerce possible by helping Indian sellers receive funds from their international buyers. The move will bring greater opportunities for U.S. buyers and Indian sellers, by leveraging PingPong's same-day [...]
HarperCollins India Is Proud To Announce The Release Of THE TIGER OF DRASS, Capt. Anuj Nayyar, 23, Kargil Hero by Meena Nayyar and Himmat Singh Shekhawat
The epic saga of Captain Anuj Nayyar, MVC, the Tiger of Drass NEW DELHI, March 31, 2022 /PRNewswire/ -- The book captures Anuj's journey of barely twenty-three years, during which he transformed from a reserved but righteous child to a gem of a military professional. Non-fiction/Biography | 200 pp | INR 299 | Paperback Co-author [...]
ServiceNow opens two India-based data centres in response to strong customer growth
ServiceNow to reach 18,000 technology professionals in India, by year-end, to keep up with demand for ServiceNow expertise BANGALORE, India, March 31, 2022 /PRNewswire/ -- ServiceNow (NYSE: NOW), today launched local data centre facilities in Mumbai and Bangalore, strengthening its commitment to help Indian customers embrace innovative digital solutions and meet local data residency preferences. [...]
NEWSALERT
Jet fuel (ATF) price hiked by 2% to record Rs 1,12,924.83 per kilolitre; no change in petrol, diesel prices; Oil company price notification. PTI ANZ RCJ RCJ
Indian Oil suspends 3 officers for financial malpractice
Nagpur, Mar 31 (PTI) State-run Indian Oil Corporation (IOC) on Thursday said it has suspended three of its Nagpur-based employees for alleged financial malpractice.A press release by Indian Oil said in response to two separate FIRs filed by the CBI and the ACB, Nagpur, against three of its city-based employees for alleged financial malpractice, the [...]
Protests erupt in front of Sri Lanka President’s residence as economic crisis deepens
Colombo, Mar 31 (PTI) Police fired tear gas and water cannons at angry protesters on Thursday after they gathered in front of the Sri Lankan President Gotabaya Rajapaksa’s residence here on Thursday clamouring for his resignation, as the island nation continued to reel under its worst economic crisis in decades. A foreign exchange crunch in [...]
Mistry group repays Rs 12,450 cr to its lenders
Mumbai, Mar 31 (PTI) The Shapoorji Pallonji Group on Thursday said it has settled the company's debt with a one-time payment of Rs 12,450 crore to its all 22 lenders, leaving the group's balance sheet with just Rs 3,600 crore loan. To overcome the impact of lockdown due to COVID-19, the Mistry group had applied [...]
Electricity gets dearer in Uttarakhand
Dehradun, Mar 31 (PTI) Electricity became dearer in Uttarakhand with the state electricity regulatory commission revising the tariff rates for 2022-23 on Thursday. The revised rates come into effect from April 1, the Commission said. The Commission has restricted the tariff hike to around 2.68 per cent as against the proposal of Uttarakhand Power Corporation [...]
Rs 495 cr Mumbai Intl Cruise Terminal to be commissioned by July 2024
Mumbai, Mar 31 (PTI) The Rs 495-crore Mumbai International Cruise Terminal will be commissioned by July 2024, a top official from the Mumbai Port said on Thursday. Rajiv Jalota, the chairman of Mumbai Port, said the sea cruise terminal at the BPX-Indira Dock, which will house both domestic and international cruise liners, will have a [...]
Maha govt raises ready reckoner rates by average 5%
Pune, Mar 31 (PTI) The Maharashtra government on Thursday hiked ready reckoner rates by average 5 per cent across the state for the financial year 2022-23.The new rates were announced here by Shravan Hardikar, Inspector-General of Revenue and Controller of Stamps.The publication of ready reckoner rates (also known as Annual Statement Rate ) which are [...]
IndiGo increases pilots’ salaries by 8%
New Delhi, Mar 31 (PTI) IndiGo on Thursday announced that pilots' salaries have been increased by eight per cent in view of the continuous steady flight operations.Full regular international flight services resumed in India after the COVID-19 outbreak on March 27. Full regular domestic flights resumed in the country on October 18 last year."Now, as [...]
Infra sector growth rises to 4-month high of 5.8% in Feb
New Delhi, Mar 31 (PTI) The production of eight infrastructure sectors expanded by 5.8 per cent in February, the sharpest growth in the last four months on better output of coal, natural gas, refinery products and cement industries, according to official data released on Thursday. The production of the core sectors had declined by 3.3 [...]
JICA extends Rs 2391 crore loan for water supply, sewerage project in Bengaluru
Bengaluru, Mar 31 (PTI) The Japan International Cooperation Agency (JICA) signed a loan agreement with the Centre to provide loan worth around Rs 2,391 crore for the construction of water supply and sewerage facilities under Bengaluru Water Supply and Sewerage Project Phase-3. This project aims to provide safe and stable water supply and sewerage services [...]
Haryana Agriculture Minister launches ‘Mukhya Mantri Bagwani Bima Yojana’ portal
Chandigarh, Mar 31 (PTI) Haryana Agriculture Minister J P Dalal on Thursday launched the portal of 'Mukhya Mantri Bagwani Bima Yojana.' Under this scheme, farmers will be compensated for the damage caused to their crops due to adverse weather and natural calamities, he said. He said that adverse weather and natural calamities like hailstorm, adverse [...]
Swan Energy raises Rs 318 crore
New Delhi, Mar 31 (PTI) Swan Energy Limited (SEL) on Thursday said it has approved the allotment of over 1.96 crore shares for about Rs 318 crore to promoter group and non-promoters on preferential basis. The company's board at its meeting held on March 31, 2022, "considered and approved the allotment of 1,96,60,000 equity shares [...]
Non-food credit growth accelerates to 8% in Feb: RBI data
Mumbai, Mar 31 (PTI) The non-food credit growth has accelerated to 8 per cent in February as against 6.6 per cent in the year-ago period, the Reserve Bank said on Thursday. For the current fiscal year till February 25, the non-food credit growth has accelerated to 6.2 per cent against 3.7 per cent for the [...]
IDRCL: Stakes of Canara Bank, SBI, PNB and Union Bank reduced to 5% each
New Delhi, Mar 31 (PTI) Four public sector lenders -- State Bank of India, Canara Bank, Punjab National Bank and Union Bank of India -- on Thursday said their stakes in India Debt Resolution Company Ltd (IDRCL) have come down to 5 per cent each. The bad bank or the National Asset Reconstruction Company Ltd [...]
Dedicated freight corridor 2nd phase gets Rs 7,517 cr Jica loan
Mumbai, Mar 31 (PTI) The Japan International Cooperation Agency (Jica) has signed a loan agreement with the government to extend 1,16,520 million yen or around Rs 7,517 crore to the Western leg of the dedicated freight railway project. The agency on Thursday said the soft loan is being extended under the government of Japan's official [...]
Vedanta to source 580 MW green energy for India operations
New Delhi, Mar 31 (PTI) Mining giant Vedanta Limited on Thursday said its board has approved a proposal to source 580 MW of green energy for its operations across India. The company said a power delivery agreement has been signed with the Sterlite Power Technologies Private Ltd, a special purpose vehicle for supply of solar [...]
India’s current account deficit widens to 2.7 pc of GDP in December quarter
Mumbai, Mar 31 (PTI) India's current account deficit widened to USD 23 billion or 2.7 per cent of the GDP in the December quarter, the Reserve Bank said on Thursday. The health of the current account, which is a key indicator of a country's external strength, has deteriorated when compared to the preceding September quarter [...]
Govt asks telcos to withdraw COVID pre-call announcements, caller tunes
New Delhi, Mar 31 (PTI) The Department of Telecom has asked telecom operators to withdraw all COVID pre-call announcements and caller tunes. The telecom service providers have been playing the pre-call announcements and caller tunes related to coronavirus to spread awareness among citizens and to tell them about the precautions and vaccination to be taken during [...]
NCLT approves transfer of Raymond Apparel biz to parent firm
New Delhi, Mar 31 (PTI) The National Company Law Tribunal (NCLT) has approved the scheme of transfer of Raymond Apparel Ltd business to Raymond Ltd. In September 2021, board of Raymond had approved demerging the B2C business, including apparels, of Raymond Apparel Ltd (RAL), on a going concern basis to merge with the company itself. [...]
Print media revenue set to rebound by 20% to Rs 27,000cr: Report
Mumbai, Mar 31 (PTI) Aided by low base and the rising advertising and subscription revenue, the print media is likely to clock a 20 per cent topline growth to Rs 27,000 crore next fiscal, but soaring newsprint prices may tear off 300-350 bps of operating profitability for the sector, says a report. In a report [...]
TRAI provides clarity on tariff plan with month-wise recharge date
New Delhi, Mar 31 (PTI) TRAI on Thursday issued a clarification on its January directive that had asked telecom operators to come out with at least one tariff plan which can be renewed on the same date of every month, and granted additional 60 days to players to ensure compliance. Following industry representations, the Telecom [...]
Govt to borrow Rs 8.45 lakh crore from market during April-September period
New Delhi, Mar 31 (PTI) The Union government is looking to raise Rs 8.45 lakh crore through borrowings in the first half of 2022-23 to fund the revenue gap for reviving the economy, the finance ministry said on Thursday. Out of the gross market borrowing of Rs 14.31 lakh crore estimated for the next financial [...]
Future Retail CEO Sadashiv Nayak resigns after 7 months of his appointment
New Delhi, Mar 31 (PTI) Debt-ridden Future Retail Ltd's CEO Sadashiv Nayak has resigned from the post seven months after his appointment, according to a filing. Future Group CEO Kishore Biyani has been re-appointed as executive chairman of the company for three years, a regulatory filing said on Thursday. "Sadashiv Nayak, who was appointed as [...]
Hindustan Zinc to invest Rs 350 crore to develop 200 MW renewable capacity
New Delhi, Mar 31 (PTI) Mining firm Hindustan Zinc Limited (HZL) on Thursday said it will invest Rs 350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle. The project will be built under group captive norms on Build-Own-Operate (BOO) basis through a special purpose vehicle (SPV), HZL [...]
Net claims of non-residents on India up by USD 21.1 bn in Sep-Dec quarter
Mumbai, Mar 31 (PTI) Net claims of non-residents on India increased by USD 21.1 billion during the December quarter due to an increase in foreign-owned assets combined with a decline in Indian residents' overseas financial assets, according to the RBI data. Higher inward direct investment, trade credit and loans contributed to the increase in non-residents’ [...]
OneCode raises Rs 100 cr led by General Catalyst
New Delhi, Mar 31 (PTI) Fintech firm OneCode on Thursday said it has raised Rs 100 crore in a funding round led by General Catalyst.The series A funding round also saw participation from existing investors including Sequoia Capital India's Surge, Nexus Venture Partners, and Waterbridge Ventures.Angel investors like Vidit and Sanjeev from Meesho, Madhusudhan from [...]
Odisha hikes bus fares as diesel price spirals
Bhubaneswar, Mar 31 (PTI) The Odisha government on Thursday increased the fares of buses across all categories as the diesel price continued to skyrocket in the country. In an order, the State Transport Authority (STA) justified the hike as the diesel price shot up to Rs 98.40 currently in the state as against Rs 91.61 [...]
NEWSALERT
White House: Biden orders release of 1M barrels of oil per day from strategic reserve for 6 months to bring down prices, reports AP. PTI RUP RUP
Wipro Consumer Care – Ventures invests in Singapore-based fund
New Delhi, Mar 31 (PTI) Wipro Consumer Care & Lighting's venture funding arm, Wipro Consumer Care - Ventures, has invested in a Singapore-based VC Fund DSG Consumer Partners IV, a statement said. The company did not disclose the amount of funding. DSG, since its inception in 2012, is focused on the Asian consumer segment with [...]
Interest rates on small savings schemes unchanged for first quarter of FY23
New Delhi, Mar 31 (PTI) The government on Thursday kept interest rates unchanged for small savings schemes, including PPF and NSC, for the first quarter of 2022-23 amid rising inflation. The interest rate has not been revised since the first quarter of 2020-21. Public Provident Fund (PPF) and National Savings Certificate (NSC) will continue to [...]
30% tax on crypto income to come into effect from Friday
New Delhi, Mar 31 (PTI) Several income tax proposals, including 30 per cent tax on income from trade in cryptocurrencies will come into effect from Friday. Also, the revised norms for levy of 1 per cent TDS (tax deducted at source) on sale of immovable property exceeding Rs 50 lakh will come into effect from [...]
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