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Stocks that can cross the 20% upper circuit band; Are you holding any?
Circuit limits, or price bands, are mechanisms implemented by stock exchanges to control extreme price movements of stocks within a trading session. These limits are designed to protect investors from excessive volatility and to maintain orderly market conditions. These limits are typically set as percentages of the stock's previous closing price, with common thresholds being [...]
IT stock jumps 13% after receiving order worth ₹108 Cr from NABARD
A small-cap stock specializing in IT infrastructure solutions surged nearly 13 percent after securing a follow-up order worth Rs. 108 crore from NABARD to provide core banking solutions for the Haryana State Cooperative Bank. Share price variations: With a market capitalization of Rs. 1,641.84 crores, Dynacons Systems and Solutions Ltd. rose to an intraday high [...]
Water management stock jumps after it partners with UK based company for water treatment solutions
Small-cap infrastructure stock specializing in road and water projects surged 2.4 percent after forming a strategic partnership with SmartOps, a UK-based leader in innovative water treatment solutions. Share price variations: With a market capitalization of Rs. 6,784.35 crores, Welspun Enterprises Ltd. rose to an intraday high of Rs. 503.50 per share representing a 2.42 percent [...]
Green energy stock jumps 10% after receiving order worth ₹500Cr from Rajasthan Govt
During Wednesday’s trading session, the shares of a leading player in solar panel module manufacturing surged nearly 10.2 percent to Rs. 3,654.5 on BSE, after receiving the single largest contract value of Rs. 500.5 crores from the Rajasthan government for the first time ever. With a market cap of Rs. 7,364.3 crores, the shares of [...]
Bluechip stock jumps after receiving orders worth up to ₹10,000 Cr from Middle East and Africa
Bluechip stock which is one of the leading players in domestic and overseas Markets, for providing EPC Solutions across various sectors in focus upon receiving a new work order worth upto Rs. 10,000 Crores from Middle East and Africa. Price Action With a market capitalization of Rs. 4,72,394 Crores, the shares of Larsen & Toubro [...]
Infra stock jumps 5% after reporting ₹64 Cr profit against loss of ₹2 Cr in previous Qtr
Shares of a company in the business of oil & gas exploration and production surged nearly 5.8 percent on BSE to Rs. 39.9 on Wednesday, after reporting a net profit of Rs. 64 crores, a significant recovery from a loss of Rs. 2 crores in Q1 FY25 and a loss of Rs. 3 crores in [...]
IT stock jumps 9% after it partners with SatSure for mapping solution
The shares of the advanced mapping solution provider gained up to 9 percent after the company partnered with SatSure to Elevate Geospatial Solutions in Aviation, Forestry, Disaster Management, and Utilities. With a market capitalization of Rs 3,294.59 crore, the shares of Genesys International Corporation Ltd were trading at Rs 820.60 per share, increasing around 8 [...]
Healthcare stock jumps 4% after acquiring super specialty hospital in Delhi
Shares of this small-cap pharma stock rose approximately 4 percent on Wednesday following the announcement of the acquisition of a super specialty hospital located in Delhi. Share Price Movement In Wednesday’s trading session, Yatharth Hospital & Trauma Care Services Ltd's share price rose by 4.4 percent, hitting an intra-day high of Rs.688.00 per share, up [...]
Realty stock jumps 7% after signing agreement to acquire 6 acre land parcel in Pune
Shares of a prominent South India-based residential real estate developer surged nearly 7 percent following the signing of a Joint Development Agreement (JDA) for a prime 6-acre land parcel in Pune for a project having a revenue potential of approximately Rs. 700 - Rs. 750 crore. Share price variations: With a market capitalization of Rs. [...]
Auto stock hits 20% upper circuit after reporting 44% YoY increase in net profits
Automobile stock engaged in the business of the development and manufacturing of automotive components and vehicles hit a 20 percent upper circuit in the day’s trade upon declaring robust Q2FY25 results with a 44 percent jump in Net Profits. Price Action With a market capitalization of Rs. 9,976 Crores, the shares of Force Motors Limited [...]
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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
Pine Labs raises $ 50 million from Vitruvian Partners
New Delhi, Mar 30 (PTI) Fintech firm Pine Labs has raised USD 50 million (about Rs 380 crore) from London-headquartered international investment firm Vitruvian Partners. Pine Labs CEO B Amrish Rau said the company aims to further strengthen its foray into online payments with Buy Now Pay Later offering to new markets through strategic collaborations. [...]
BULLION OPENING RATE
BULLION OPENING RATE MUMBAI, MARCH 30 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 67063.00 STANDARD GOLD (99.5) : 51216.00 PURE GOLD (99.9) : 51422.00 -------------------- PTI MUM SSBSSB SSB
Hero MotoCorp refutes report of false expense claims; terms it speculative
Two-wheeler market leader Hero MotoCorp has denied the report of the IT Department finding Rs 1,000 crore false expense claims, saying it is speculative. The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities [...]
SBI EXCHANGE RATE
SLUG: DIRECT EXCHANGE RATES SBI BCM – ESPL/ECO/COM MUMBAI,MARCH 30,2022 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 74.88 76.38 74.82 76.54 EUR/INR 82.70 85.52 82.64 85.69 GBP/INR 97.57 100.76 [...]
Sterlite Power gets LoI for transmission project in Jammu & Kashmir
New Delhi, Mar 30 (PTI) Sterlite Power on Wednesday said it has received a letter of intent to set up an electricity transmission project in Jammu & Kashmir.The project has been awarded to Sterlite Power through a tariff-based competitive bidding process (TBCB), a company statement said.The leading power transmission developer has received the letter of [...]
Graduation Ceremony 2021-22 Held at Gajera Global School
Surat, Gujarat, India (NewsVoir) A graduation ceremony was held at Gajera Global School, Pal today for the learners of the prep grades in presence of dignitaries of Surat. The ceremony was held to encourage the young learners of the pre primary grades. The celebrations were witnessed by the former mayor of Surat Mrs. AshmitaShiroya along [...]
Quantiphi announces first ever Hybrid Work Policy to promote zero proximity bias
Quantiphi's FlexiWork policy is the first formal policy in the industry aimed to empower its workforce with unparallel flexibility in choosing the way they want to work. The policy aims to eliminate the proximity bias by allowing its employees to choose either remote or hybrid work model. With its pioneering approach to leading a cultural [...]
Hero Electric Receives Great Place to Work Accreditation; Voted as the Best Place to Work for Professionals
New Delhi, Delhi, India (NewsVoir) Hero Electric, India’s oldest and largest electric two-wheeler brand, receives the Great Place to Work certification, thereby accrediting Hero Electric’s efforts to create a healthy work culture as well as emboldening its vision to create green and sustainable livelihoods across India. Great Place to Work® is the global authority on [...]
HarperCollins and AAN Comics announce the publication of The Warrior Pack
NEW DELHI, March 30, 2022 /PRNewswire/ -- HarperCollins and AAN Comics bring The Warrior Pack by Rishi Kumar. This collection of war comics brings to the reader 24 real life stories of Ashok Chakra Awardees and is a tribute to the men and women who don the uniform in service of the country and exemplify [...]
RBI MONEY MARKET
Date : Mar 30, 2022 Money Market Operations as on March 29, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 483,689.99 3.39 1.00-5.40 I. Call Money 9,753.92 3.31 2.20-3.60 II. Triparty Repo 354,281.40 3.39 3.15-3.48 III. Market Repo 119,616.67 3.40 1.00-3.55 [...]
Sri Lanka plunges into 10-hour daily power cut as fuel crisis worsens
The Sri Lankan government on Wednesday extended the nationwide daily power cuts from seven hours to 10 due to the non-availability of fuel to generate hydro-electricity. Sri Lanka is facing an unprecedented acute economic and energy crisis caused due to shortage of foreign exchange. A sudden rise in prices of key commodities and fuel shortage [...]
This Tata Group multibagger stock has given +1500% returns in a Year!
Shares of Automotive Stampings and Assemblies Ltd, a Tata Group Stock got locked at 5% upper circuit on Wednesday. Its share price has increased by 21.52% in the last 5 days. Despite the Russia-Ukraine conflict, the shares of this company surged from ₹256.60 to ₹556, giving 116.67% returns in one month. In the past six months, [...]
Praveen Kumar Neelappa Co-founder of Physeek Fit Produces a Work of Science Fiction – Train to Mars
Bengaluru, Karnataka, India – Business Wire India A book is a magical object that makes our imagination go wild and helps us travel places. How many times have you traversed across the world to a unique land filled with interesting people, all in the comfort of your home? Every time you read a book, right? [...]
Axis Bank set to buy Citi’s India consumer business; deal to be announced soon
New Delhi, Mar 30 (PTI) Private sector lender Axis Bank is close to acquiring Citigroup's retail banking business in India and a deal is likely to be announced soon, sources said on Wednesday. According to the sources, the deal, to be valued at USD 2.5 billion (about Rs 18,000 crore), will be subject to regulatory [...]
Tata Coffee rallies nearly 13%; Tata Consumer jumps over 5% on merger announcement
Shares of Tata Coffee rallied 13.07% on Wednesday after Tata Consumer Products announced the merger of all businesses of the company with itself as part of a reorganisation plan in line with its strategic priority of unlocking efficiencies and synergies. Tata Coffee’s shares jumped 13.07 per cent from ₹ 196.25 to ₹ 221.90 apiece. The [...]
15 Years of ‘Make in India’. BMW Group Plant Chennai Celebrates Crystal Anniversary
An exceptional journey of manufacturing excellence driven by quality and sustainability Chennai, Tamil Nadu, India – Business Wire India BMW Group Plant Chennai has completed 15 years of operations in the country today. Following all necessary safety guidelines, the plant celebrated this significant landmark at a memorable event with all associates. Mr. Thomas Dose, Managing [...]
Too early to predict impact of Russia-Ukraine war on Indian economy: Pinaki Chakraborty
New Delhi, Mar 30 (PTI) The global macroeconomic uncertainties have increased due to the Russia-Ukraine war, but it is too early to predict its impact on the Indian economy, eminent economist Pinaki Chakraborty said on Wednesday.In an interview with PTI, Chakraborty said high-frequency data show that in many countries, inflation is higher than expected, there are supply [...]
21K School Aims to Become the Largest Online School in South Asia by 2023
Mumbai, Maharashtra, India – Business Wire India 21K School - India’s first online-only school, is well on its way to becoming the largest online-only K12 school in South Asia. It will be registering over 15,000 students for the upcoming academic year by July 2022 and by 2023, the school plans to have over 30,000 students. [...]
With a round of $5 million from global operators, OSlash is rewriting fundraising for SaaS startups
BANGALORE, India, March 30, 2022 /PRNewswire/ -- OSlash, an enterprise software that facilitates cross-sharing of information in a workplace, announced a $5M post-seed round from 40+ well-known operators including Kunal Shah (CEO, Cred), Christian Oestlien (VP Product, YouTube), Kevin Weil (President, Planet; ex Instagram), Akshay Kothari (COO, Notion), and Cristina Cordova (Partner, First Round), in [...]
Acsia Technologies to add 85,000 sq ft work space in Technopark, jobs to over 1,000
Thiruvananthapuram, Mar 30 (PTI) Automotive solutions company Acsia Technologies is all set to expand its facility with 85,000 square feet space at the Embassy Taurus TechZone in Technopark Phase-III here. The company, which develops software solutions for major automotive carmakers, said the new office will be able to accommodate more than 1,000 employees. Acsia Technologies, [...]
Sebi revises norms for collective investment schemes
New Delhi, Mar 30 (PTI) Seeking to put in place a stricter regulatory framework for collective investment schemes, markets watchdog Sebi has decided to enhance the net worth criteria and track record requirements for entities managing such schemes.The regulator has also approved changes to listing obligations and disclosure requirement regulations for simplification of procedure for [...]
We are studying work of MMTC, STC, PEC: Piyush Goyal
The commerce ministry is studying the work of its three undertakings - MMTC, STC and PEC, and it will take appropriate steps to protect the national interest, Commerce and Industry Minister Piyush Goyal has said. On a question about whether the commerce ministry is planning to close these units, he said: "We are examining all [...]
Odisha to grow over 10pc in FY22, Russia-Ukraine conflict may impact economy: Survey
Bhubaneswar, Mar 29 (PTI) Despite the adverse impact of COVID-19 and natural disasters, Odisha is expected to grow by over 10 per cent in the current fiscal, but the Russia-Ukraine conflict could hit the state's economy, according to a survey report tabled in the assembly on Tuesday.The Odisha Economy Survey Report 2021-22 said the state [...]
‘Deep regret’ over continuing conflict in Ukraine, Pakistan PM Khan tells Zelenskyy in a telephone call
Islamabad, Mar 29 (PTI) Pakistan Prime Minister Imran Khan spoke to Ukraine President Volodymyr Zelenskyy and underlined the need for a permanent end to the "military conflict" between Russia and Ukraine and finding a diplomatic solution to the issue that has adversely impacted the global economy. Prime Minister Khan received a phone call from Zelenskyy, [...]
Women should not ignore online harassment: Chandrasekhar
New Delhi, Mar 29 (PTI) Union minister Rajeev Chandrasekhar on Tuesday urged women not to ignore any incident of online harassment but report the event either to the cyber police or to the platform where such an incident occurs. He said that the government has made strict laws to make intermediaries or the social media [...]
Karnataka wants genuine, serious investors during GIM-2022: CM Bommai
Bengaluru, Mar 29 (PTI) Karnataka Chief Minister Basavaraj Bommai on Tuesday said he wanted genuine investors from a spectrum of industries during the Global Investors' Meet scheduled from November 2 to 4. He said he wants action before the GIM starts where Karnataka should be able to showcase cleared projects to the investors so it [...]
Ind-Ra upgrades Vedanta’s long-term issuer rating to ‘AA’ with stable outlook
New Delhi, Mar 29 (PTI) India Ratings and Research (Ind-Ra) on Tuesday said it has upgraded mining giant Vedanta Limited's long-term issuer rating to 'AA' with a stable outlook. AA-rated instruments are considered to have a high degree of safety regarding timely servicing of financial obligations. In a statement, the ratings agency said it has [...]
Sebi issues operational guidelines for covenant monitoring with DLT
New Delhi, Mar 29 (PTI) Markets watchdog Sebi on Tuesday issued the operational guidelines for security and covenant monitoring using Distributed Ledger Technology (DLT). In August 2021, the regulator had specified the manner of recording of charges by issuers and manner of monitoring by Debenture Trustees (DTs) and Credit Rating Agencies, among others. As the [...]
IL&FS resolution under Kotak completes Rs 61,000 cr of Rs 99,355 cr debt
Mumbai, Mar 29 (PTI) Three-and-a-half years after the government asked banker Uday Kotak to head a new board to salvage the largest non-banking infra lender IL&FS that went belly up in October 2018, the management has announced the resolution of Rs 61,000 crore or 62 per cent of the Rs 99,355 crore the group with [...]
Paytm has got customers by way of cashbacks, not by rendering services: Aditya Puri
Mumbai, Mar 29 (PTI) Veteran banker Aditya Puri on Tuesday raised questions about Paytm's business model, saying the recently listed financial services company has earned customers not by rendering services but by way of cashbacks. Puri, who led HDFC Bank from inception and made it into the largest in the private sector space by the [...]
Coal minister directs CIL, subsidiaries to scale up production to ensure smooth supplies
New Delhi, Mar 29 (PTI) Union Coal Minister Pralhad Joshi on Tuesday directed Coal India and its subsidiaries to scale up production on "priority" basis in a bid to ensure smooth supply of the dry fuel, especially during the upcoming monsoon season. He also said his ministry is giving utmost priority to coal gasification projects [...]
Twitter testing India-only cricket tab on Android
New Delhi, Mar 29 (PTI) Micro-blogging platform Twitter is testing an India-only cricket tab on Android, and it will be a single landing point to serve as a channel of discovery for all that is happening in cricket along with relevant, exclusive, and Twitter-first content, according to a release.The tab will bring together the best [...]
USL extends deadline for strategic review of its liquor brands till May 31
New Delhi, Mar 29 (PTI) Diageo-controlled United Spirits Ltd (USL) on Tuesday said it has extended the deadline to complete the "strategic review" of its select popular liquor brands till May 31, 2022. The company had earlier set the deadline of March 31, 2022 to complete the review process. "The strategic review of selected popular [...]
Delhi budget ‘disappointing’, shows GDP decline: BJP
New Delhi, Mar 29(PTI) The Opposition BJP termed the Kejriwal government's 'Rozgar' budget "disappointing", as it showed a decline in GDP and rise in fiscal deficit. Participating in a discussion on the budget in Delhi Assembly's budget session, Leader of Opposition Ramvir Singh Bidhuri claimed in a statement that the GDP growth rate in the [...]
Jeep India launches SUV Meridian
New Delhi, Mar 29 (PTI) Jeep India, a part of the automotive group Stellantis, on Tuesday introduced its new SUV Meridian and the deliveries will begin in June 2022.The Meridian is the company's first three-row SUV designed and engineered specifically for India. It will come with a 2-litre turbo diesel engine with nine speed automatic [...]
Israel embassy donates kits on water conservation training
New Delhi, Mar 29 (PTI) The Israel embassy and Mashav India, in collaboration with Jain Irrigation Pvt Ltd, have donated a family drip irrigation kit to Shaurya Foundation Trust in Haryana for the empowerment of persons with special needs. This initiative was organised on the Good Deeds Day and to celebrate 30 years of diplomatic [...]
Tata Consumer Products to merge Tata Coffee business with itself
New Delhi, Mar 29 (PTI) Tata Consumer Products Ltd (TCPL) on Tuesday announced the merger of all businesses of Tata Coffee Ltd with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. While the plantation business of Tata Coffee Ltd (TCL) will be demerged into TCPL's [...]
No social media intermediary can violate constitutional rights of citizens: IT Ministry sources
New Delhi, Mar 29 (PTI) No social media company can undermine the constitutional rights of citizens, and internet must be a safe and trusted place with all platforms accountable to their users, IT Ministry officials said on Tuesday amid allegations that digital platforms are acting arbitrarily in pulling down content.The Centre has also affirmed its [...]
Commerce ministry relooking at processes to rejig way of working, says Goyal
Dubai, Mar 28 (PTI) Commerce and Industry Minister Piyush Goyal on Tuesday said his ministry is relooking at the processes and rejigging its current way of working and serving businesses and exporters. He said that an exercise is going on to see how the future of commerce should be. The world in many ways is [...]
Assam inks pact with Oil India to lease out 8 blocks
Guwahati, Mar 29 (PTI) The Assam government on Tuesday said it has signed a mining pact with PSU major Oil India for exploration and extraction of petroleum products in eight blocks, yielding an annual royalty of around Rs 2,000 crore. Geology and Mining Director Ananda Kumar Das and Oil India Ltd (OIL) Executive Director (Frontier [...]
49 applications approved under PLI scheme for bulk drugs: Govt
New Delhi, Mar 29 (PTI) The government has received a total of 239 applications under the Production Linked Incentive (PLI) scheme for bulk drugs and 49 of them have been approved till now, the Rajya Sabha was informed on Tuesday.In a written reply to a query seeking details of applications received and selected under the [...]
Locals lend support to opening Parsa coal block in Chhattisgarh
Raipur, Mar 29 (PTI) Locals in Chhattisgarh have lent their support to the start of coal mining in the Parsa block that will help generate electricity for Rajasthan, sources said. A few hundred locals of six project-affected villages on Tuesday made a request to the government of Chhattisgarh to start Parsa Block at the earliest, they [...]
LambdaTest raises USD 45 mn in venture round led by Premji Invest
New Delhi, Mar 29 (PTI) Web and mobile app test platform LambdaTest has raised a total of USD 45 million in a venture round led by Premji Invest, the company said on Tuesday. Existing investors Sequoia Capital India, Telstra Ventures, Blume Ventures, and Leo Capital also participated in the funding round. Sandeep Johri, Ex-CEO and [...]
ICICI Bank to buy 10 lakh shares in open network e-commerce platform ONDC
New Delhi, Mar 29 (PTI) Private sector lender ICICI Bank on Tuesday said it has accepted to acquire 10 lakh equity shares in Open Network for Digital Commerce (ONDC) for Rs 10 crore.After the acquisition of shares, the bank will hold a 5.97 per cent stake in ONDC.The bank has on March 28, 2022, accepted [...]
Religare Finvest defaults on interest payment to NCD holders
New Delhi, Mar 29 (PTI) Religare Enterprises on Tuesday said its debt-ridden subsidiary Religare Finvest Ltd (RFL) has defaulted on an interest payment due on March 28 for the non-convertible debentures (NCDs). The company defaulted on an interest amount of Rs 2.41 crore, Religare Enterprises said in a regulatory filing. As a result, four investors [...]
Nationwide strike partially hits banking, transport services in some states
New Delhi, Mar 29 (PTI) Banking and transport services were partially affected in a few states on Tuesday as various central trade unions went on a nationwide strike for the second consecutive day to protest against policies of the central government. The two-day strike was called by a central trade unions' joint forum, which on [...]
Gross NPAs down to Rs 7.73 lakh cr due to transparent recognition of stressed assets: FM
New Delhi, Mar 29 (PTI) Gross NPAs have reduced to Rs 7.73 lakh crore as of December 31, 2021, against Rs 10.36 lakh crore as of March 31, 2018, due to transparent recognition of stressed assets, the government informed the Rajya Sabha on Tuesday. Finance Minister Nirmala Sitharaman said as per inputs received from the [...]
Opposition accuses govt of infringing independence of cost and chartered accountants
New Delhi, Mar 29 (PTI) The Opposition on Tuesday accused the government of increasing the "stranglehold" of the corporate affairs ministry on the profession of chartered accountancy and said the amendments it has proposed to a law for cost and chartered accountants will infringe on their independence. During the discussion on The Chartered Accountants, the [...]
Vote on account of over Rs 21,000 cr tabled in U’khand assembly
Dehradun, Mar 29 (PTI) A vote-on-account of over Rs 21,000 crore was tabled in the Assembly on Tuesday amid criticism by opposition Congress members who contended citing the rules of business that it could not be laid without a discussion in the House on the Governor's address. The vote-on-account tabled by Chief Minister Pushkar Singh [...]
Nepal approves Chinese technical assistance for study of cross-border railway project
Kathmandu, Mar 29 (PTI) The Nepal government has approved the grant and technical assistance to be provided by China for the feasibility study of the cross-border railway between the two neighbouring countries, the government spokesperson said on Tuesday.The 'Technical Assistance Scheme for China-Aid Feasibility Study of China-Nepal Cross-Border Railway Project' is one of the nine [...]
RINL, NMDC production hit as workers remain on strike for 2nd day, say union leaders
New Delhi, Mar 29 (PTI) Thousands of workers of state-owned RINL and NMDC boycotted work for a second day on Tuesday as part of the nationwide strike, affecting steel production and mining operations, a union leader said. Rajesh Sandhu, Secretary of NMDC Sanyukt Khadaan Mazdoor Sangh said all non-executive workers have boycotted work to join [...]
Hero MotoCorp shares tank 7 pc
New Delhi, Mar 29 (PTI) Shares of Hero MotoCorp on Tuesday tumbled over 7 per cent amid reports that the I-T Department has found certain false expenses claims by the company. The stock dived 7.08 per cent to settle at Rs 2,208.35 apiece on the BSE. During the day, it tumbled 9.32 per cent to [...]
Parliament passes Budget: FM says will ensure predictable recovery
New Delhi, Mar 29 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said the Budget for the next fiscal will attract private investment, and ensure a predictable economic recovery in the years to come. Replying to a debate on appropriation and finance bills in the Rajya Sabha, she also defended the handling of inflation but acknowledged [...]
TN plant has emerged as a Centre of Manufacturing Excellence: BMW official
Chennai, Mar 29 (PTI): German luxury car maker Tamil Nadu plant has emerged as a centre of manufacturing excellence in last 15 years and has locally produced 'Made in India' BMWs with the toughest quality standards, a top official said. The automobile major's plant located at Singaperumal Koil on the outskirts of the city on [...]
Tur dal, Urad dal imports to remain in free category till March 2023
New Delhi, Mar 29 (PTI) The government on Tuesday said it has decided to keep the import of Tur dal and Urad dal under free category till March 2023 as part of its efforts to boost domestic supply and keep prices under control. "In yet another proactive and pre-emptive measure to augment domestic availability and [...]
Hero MotoCorp to hike prices by up to Rs 2,000 from April 5
New Delhi, Mar 29 (PTI) Hero MotoCorp on Tuesday said it will increase prices of its motorcycles and scooters by up to Rs 2,000 from April 5. The price revision has been necessitated to partially offset the impact of increasing commodity prices, the country's largest two-wheeler maker said in a statement. The company will make [...]
Defer amendments to related party transaction rules by six months: CII tells Sebi
New Delhi, Mar 29 (PTI) Industry body CII on Tuesday appealed before markets regulator Sebi to defer the introduction of amendments to the related party transaction rules by at least six months and sought a detailed deliberation on the regulations given their far-reaching impact on the business environment. The new rules are set to come [...]
Record fuel price hike due to spike in oil prices during last couple of weeks: FM
New Delhi, Mar 29 (PTI) Finance Minister Nirmala Sitharaman on Tuesday defended the 137-day hiatus in fuel price revision, saying the disruption in supply chains and the resultant increase in global oil prices due to the war in Ukraine was a "couple of weeks" phenomenon resulting in the record hike in petrol and diesel prices [...]
Airtel completes acquisition of 4.7% stake in Indus Towers from Vodafone Group
Bharti Airtel along with its wholly-owned subsidiary has acquired about 4.7 per cent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group, a stock exchange filing said on Tuesday. The shares were acquired at Rs 187.88 a piece, it said. "...We wish to submit that the company, along with its wholly-owned [...]
SBI to buy entire share of three stakeholders in SBI Global Factors
New Delhi, Mar 29 (PTI) SBI will buyout the entire stake of over 13 per cent held by three other banking partners in SBI Global Factors Ltd (SBIGFL), the bank said on Tuesday.The other three banking partners are SIDBI, Bank of Maharashtra and Union Bank of India.The decision was taken in a meeting of the [...]
Opposition accuses govt of infringing independence of cost and chartered accountants
New Delhi, Mar 29 (PTI) The Opposition on Tuesday accused the government of increasing the "stranglehold" of the corporate affairs ministry on the profession of chartered accountancy and said the amendments it has proposed to a law for cost and chartered accountants will infringe on their independence. During the discussion on The Chartered Accountants, the [...]
Making budget simple for Delhi Govt because they don’t spend on defence, police, agriculture: FM
New Delhi, Mar 29 (PTI) Seeking to puncture the Aam Aadmi Party's 'ideal budget' for Delhi, Finance Minister Nirmala Sitharaman on Tuesday said budget making is simple when the state does not have to pay for police, defence and farm sector, and asserted that instead of lecturing, the expenditure on full-page advertisements to promote Kejriwal [...]
Delhi Assembly passes Rs 75,800 cr budget
New Delhi, Mar 29 (PTI) The Delhi government's 'Rozgar' budget worth Rs 75,800 crore for the financial year 2022-23 was passed by the Assembly after a debate on Tuesday. The Speaker adjourned the Assembly sine die after conclusion of the budget session that had started on March 23. The budget presented last Saturday focussed on [...]
Kohli retains his position as most valued celebrity
Former India cricket captain Virat Kohli retained his position as the most valued celebrity in 2021 even though his brand value has plunged by around 22 per cent to USD 185.7 million (close to Rs 1,400 crore), according to Celebrity Brand Valuation Report 2021 released by Duff & Phelps. This is the fifth consecutive year [...]
Refinery project will come up only after locals are taken into confidence: Aaditya Thackeray
Ratnagiri, Mar 29 (PTI) Maharashtra Environment Minister Aaditya Thackeray on Tuesday said the planned multi-billion dollar refinery project in the Konkan region will come up only after the locals are consulted and their consent is obtained. Speaking to people in coastal Ratnagiri, he also said the project will not be built at Nanar in the [...]
Centre plans 2,000 additional 4G mobile towers in Arunachal: officials
Itanagar, Mar 29 (PTI) The Centre is planning to install 2,000 additional 4G mobile towers in Arunachal Pradesh to improve connectivity, considering the state's strategic importance, officials said on Tuesday.The government has already approved 980 4G mobile towers for the state, and the project is being implemented by Bharti Hexacom Ltd, they said.The Centre's plan [...]
Assam budget for 2022-23 passed by voice vote
Guwahati, Mar 29 (PTI) The Assam Assembly on Tuesday passed the budget for 2022-23, which was presented in the House earlier in the month, by a voice vote.The House passed the Assam Appropriation Bill, 2021 for an amount of Rs 1,19,551.06 crore, paving the way for clearance of the budget. Finance Minister Ajanta Neog had [...]
Alembic Real Estate gives Vadodara its first 22nd Floor Building
March 29: Typically, the Vadodara real estate market has been associated with bungalows, villas, and duplexes. However, the low-rise landscape of the city is fast changing. There has been an increasing preference for high-rise living with all its associated conveniences and amenities in the last few years. Expansive views, excellent natural ventilation and sunlight, easier [...]
Medtronic Commences PRAAN, India’s First-Ever Clinical Registry to Assess the Role of Brain Blood Clot Retrieving Devices in Stroke Patients
The registry will be conducted for approximately two and a half years and up to 200 subjects will be enrolled Mumbai, Maharashtra, India – Business Wire India India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc (NYSE:MDT) — a global leader in healthcare technology, today announced the launch of India’s first ever dedicated [...]
Tamil Nadu emerged as a critical talent hub for Amazon: Company official
Chennai, Mar 29 (PTI): E-commerce giant Amazon on Tuesday strengthened its presence in Tamil Nadu with the setting up of a new facility, its second largest in the country and fourth in the state that can house around 6,000 employees. Chief Minister M K Stalin formally inaugurated the facility spread across 8.3 lakh sq ft [...]
India Targeting USD 1 Trillion Exports by 2030: Piyush Goyal
Dubai, United Arab Emirates (NewsVoir) India’s Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, and Leader of the House in Rajya Sabha, Shri Piyush Goyal said that India’s target is $1 trillion goods exports by 2030. “I would want a larger share of the UAE market in the years [...]
Northern Arc Group appoints Ashish Mehrotra as managing director & CEO
Chennai, Mar 29 (PTI): Diversified non-banking finance company Northern Arc Capital Ltd on Tuesday announced the appointment of Ashish Mehrotra as its Managing Director and Chief Executive Officer with effect from April 1. On the new role, Mehrotra would serve also as the non-executive chairperson of the micro finance subsidiary Pragati Finserv, said a statement [...]
Samsung Revamps Galaxy A Series; unveils new smartphones
Chennai, Mar 29 (PTI): Korean electronic major Samsung on Tuesday unveiled slew of smartphones under the Galaxy A Series as part of revamping exercise, according to a company official. The company launched Galaxy A13, A23, A33 5G, A53 5G, A73 5G aimed at offering a complete package of the latest Galaxy range of smartphones at [...]
Jagran Lakecity University Announces the Dates of the Entrance Test for Admissions to Various Disciplines for UG and PG Courses
Offers upto 100 percent scholarship Bhopal, Madhya Pradesh, India (NewsVoir) Jagran Lakecity University today announced the dates for the next round of entrance exam for admissions to undergraduate and postgraduate programmes for academic year 2022-2023. Jagran Lakecity University Entrance Tests (JLUET) attracts thousands of students from around the country who appear for the aptitude test [...]
Go for USD 100 bn export target: Goyal to gem, jewellery exporters
Dubai, Mar 28 (PTI) Commerce and Industry Minister Piyush Goyal on Tuesday called upon gem and jewellery exporters to target USD 100 billion of exports annually in the coming years as the sector holds huge potential to boost outbound shipments. He urged the industry to suggest ways to take the exports to that level by [...]
Ruchi Soya shares rally nearly 16% after four-day decline
Shares of Ruchi Soya Industries on Tuesday rallied nearly 16 per cent, halting its four-day decline amid value buying. The stock jumped 15.94 per cent to settle at Rs 944.95 apiece on the BSE. During the day, it surged 19.99 per cent to Rs 978.05. On the NSE, it zoomed 15.19 per cent to settle [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MARCH 29 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67344.00 66933.00 STANDARD GOLD (99.5) : 51303.00 51141.00 PURE GOLD (99.9) : 51509.00 51347.00 -------------------- PTI MUM SSBSSB SSB
IndiGo appoints Gaurav Negi as CFO replacing Jiten Chopra
New Delhi, Mar 29 (PTI) InterGlobe Aviation, parent company of IndiGo airline, on Tuesday appointed Gaurav Negi as the Chief Financial Officer (CFO) in place of Jiten Chopra who has put in his resignation, a statement said. Prior to joining IndiGo, Negi spent 22 years with General Electric Company, where he was part of their [...]
This company has given its shareholders 11000% in less than 6 months – 1 lakh to 1.1 Crore
In a span of six months, the shares of Kaiser Corporation have made investors rich. The share price of this penny stock increased from ₹0.42 on 14th October 2021 to ₹47.15 per share on Monday, 28th March 2022, thereby giving multi-bagger returns of 11126.19%. The value of ₹1,00,000 invested in this share 6 months ago [...]
NEWSALERT
Unprecedented hike in oil price a challenge, says Finance Minister Nirmala Sitharaman in Rajya Sabha. PTI KKS NKD MJH ANZ BAL BAL
Unity Bank Unveils Brand Identity
• Depicts Technological Edge & Customer Centricity • Designed for Universal Appeal MUMBAI, India, March 29, 2022 /PRNewswire/ -- Unity Small Finance Bank Ltd (Unity Bank), a new age, digital first Bank, promoted by Centrum Financial Services Ltd (Centrum) with Resilient Innovations Pvt Ltd (BharatPe) as a joint investor, unveiled its modern and attractive logo. [...]
NEWSALERT
Govt conscious of balancing emphasis on growth and economic recovery and inflation: Finance Minister Nirmala Sitharaman. PTI KKS NKD MJH ANZ MR MR
NEWSALERT
Support provided to PSUs is considered capex: FM on including Rs 51,917 cr provided to Air India to clear debt in capital expenditure. PTI RSN NKD MJH ANZ BAL BAL
NEWSALERT
Excluding Rs 51,917 cr for paying Air India debt, Rs 5.51 lakh cr capex done in 2021-22 against budgeted Rs 5.54 lakh cr: FM. PTI RSN NKD MJH ANZ BAL BAL BAL
Hemani Industries files draft papers for Rs 2,000 crore IPO
New Delhi, Mar 29 (PTI) Agrochemical manufacturer Hemani Industries Ltd has filed preliminary papers with Sebi to raise Rs 2,000 crore through an initial public offering. The Initial Public Offering (IPO) will comprise fresh issue of equity shares aggregating up to Rs 500 crore and an Offer For Sale (OFS) of equity shares worth up [...]
NEWSALERT
World Inequality Report terming India as 'poor and very unequal country' is flawed, based on questionable methodology: FM Sitharaman. PTI RSN NKD MJH ANZ RAM BAL
India received 65% more FDI during Modi regime against 10 years of UPA rule: FM
New Delhi, Mar 29 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said FDI into the country during the Modi government was USD 500.5 billion, which is 65 per cent more than the amount received in the 10 years of the UPA government, as investors have trusted the economic management of the current regime.Replying to the [...]
NEWSALERT
Rs 11.32 lakh cr collected from road, infra cess on petrol, diesel from 2010-11 to 2022-23; utilisation at Rs 11.37 lakh cr: FM. PTI RSN NKD MJH ANZ BAL BAL
IDBI Bank board okays rupee bond borrowing limit of Rs 8,000 cr for FY23
New Delhi, Mar 29 (PTI) Private sector lender IDBI Bank on Tuesday said its board of directors has approved the rupee bond borrowing limit of Rs 8,000 crore for the next fiscal year beginning April 1.It will comprise additional tier I (AT-1) bonds up to Rs 3,000 crore and senior/infrastructure bonds up to Rs 1,000 [...]
NEWSALERT
Against collection of Rs 5.63 lakh cr from GST compensation cess from 2017-18 to 2022-23, total utilisation is Rs 6.01 lakh cr: FM. PTI RSN NKD MJH ANZ BAL
NEWSALERT
Against collection of Rs 3.77 lakh cr from health, education cess from 2013-14 to 2022-23, utilisation is Rs 3.94 lakh cr: FM. PTI RSN NKD MJH ANZ BAL BAL
NEWSALERT
Rs 8.35 lakh cr devolved to states from central taxes in current fiscal, higher than revised estimate of Rs 7.45 lakh cr for FY22: FM. PTI RSN NKD MJH ANZ BAL BAL BAL
NEWSALERT
India remains in top 5 FDI recipient countries; FDI inflows 65 pc higher at USD 500.5 billion during Modi govt: FM. PTI RSN NKD MJH ANZ BAL BAL
NEWSALERT
No tax was increased to fund recovery process, says Sitharaman in Rajya Sabha. PTI RSN NKD MJH ANZ BAL BAL
NEWSALERT
Not taken taxation as route to resource mobilisation, says FM Nirmala Sitharaman in reply to budget discussion in Rajya Sabha. PTI RSN NKD MJH ANZ BAL BAL
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, MAR 29 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 792.00 COPPER HEAVY SCRAPS 781.00 COPPER ARMATURE (CREDIT) 770.00 COPPER UTENSILS SCRAP 710.00 CC ROD 842.00 CC ROD (RECYCLED) 791.00 BRASS :- BRASS SHEET CUTTING 572.00 BRASS UTENSIL SCRAP 535.00 BRASS HONEY 514.00 [...]
Cong accuses govt of interfering in ICAI affairs
New Delhi, Mar 29 (PTI) The Congress on Tuesday accused the government of interfering in an autonomous institution by bringing in amendments to a law on cost and chartered accountants and said that the move will infringe on the independence of the apex body.Initiating the discussion on The Chartered Accountants, the Cost and Works Accountants [...]
Colliers appoints Kanchana Krishnan as Managing Director in Chennai
Chennai, Mar 29 (PTI): Diversified professional services and investment management company Colliers on Tuesday announced the appointment of Kanchana Krishnan as its Managing Director in Chennai. Considered as one of the senior-most industry leaders in the city, Kanchana has close to two decades of experience in the commercial real estate industry, a press release said [...]
West Bengal offers unique business opportunities; WBIDC
Chennai, Mar 29 (PTI): West Bengal offers unique business opportunities and has a strategic location advantage, said a top official of West Bengal Industrial Development Corporation. A high level delegation from West Bengal including representatives of the department of food processing, information technology and electronics was here to invite Tamil Nadu industrialists for the forthcoming [...]
Maize prices will be on upward trend from March to May in TN: Study
Coimbatore, Mar 29 (PTI) The farm gate price of good quality maize between March to May this year will be on the higher side around Rs 2,300-2,400 per quintal and the farmers are advised to take up appropriate marketing decisions, according to an analysis by the Tamil Nadu Agricultural University said. The price forecasting scheme [...]
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