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Tata Group stock falls 7% after company’s net profit decreases by 60% QoQ
The shares of the multinational home appliances manufacturer fell up to 7 percent after the company’s net profit and revenue fell by 60 percent and 47 percent in QoQ, respectively in Q2FY25. With a market capitalization of Rs 56,978.35 crore, Voltas Ltd's shares were trading at Rs 1,722.00 per share, decreasing around 3 percent from [...]
Dolly Khanna stock jumps 10% after reporting 127% YoY increase in net profits
During Wednesday’s trading session, the shares of a company in the business of oil & gas exploration and production surged nearly 10 percent to Rs. 921.3 on BSE, after the company reported Q2 FY25 results with a rise in net profit by nearly 17.6 percent QoQ and 127.7 percent YoY. With a market cap of [...]
Ashish Kacholia stock jumps 4% despite FII offloaded 51.37 lakh shares in the company
The shares of the power transmission company jumped 4.2 percent despite foreign investors has offloaded 51.37 lakh equity shares in the company. With a market capitalization of Rs 3,166.43 crore, the shares of Jyoti Structures Ltd were trading at Rs 35.83 per share, increasing around 3.23 percent as compared to the previous closing of Rs [...]
Stock jumps 3% after the company’s net profit increases by 100% YoY
Shares of this small-cap jewellery stock rose approximately 3 percent on Wednesday after the company reported a remarkable 100 percent YoY increase in net profit, along with strong revenue growth in its latest quarterly results. Share Price Movement During Wednesday’s trading session, Motisons Jewellers Ltd's share price increased by 2.6 percent, reaching an intra-day high [...]
Solar stock hits 5% upper circuit after company’s revenue increases by 47800% YoY
During Wednesday’s trading session, the shares of a manufacturer of solar cells and modules hit a 5 percent upper circuit at Rs. 1,353.9 on BSE, after the company reported Q2 FY25 results with a rise in revenue from operations by nearly 29 percent QoQ and 478000 percent YoY. With a market cap of Rs. 5,714.3 [...]
Semiconductor stock jumps 7% after company’s net profit increases by 86%
Semiconductor stock which is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer jumped upto 7 percent in the day’s trade upon declaring robust Q2FY25 results with an 86 percent jump in Net Profits. Price Action With a market capitalization of Rs. 34,128 Crores, the shares of Kaynes Technology India Limited were trading at Rs. [...]
Defence stocks hits 5% upper circuit after receiving ₹42 Cr order from Min. of Defence
Defence stock engaged in designing, developing, manufacturing, and testing a variety of defence and space engineering products hit a 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 42 Crores from the Ministry of Defence. What Happened Paras Defence and Space Technologies Limited has received a new work [...]
NBFC stock jumps 17% after company’s net profit increases by 50% YoY
Shares of this small-cap NBFC stock surged over 17 percent on Wednesday, following the company’s significant 50 percent YoY rise in net profit and robust revenue growth in its latest quarterly results. Share Price Movement During Wednesday’s trading session, Capri Global Capital Ltd's share price increased by 17.07 percent, reaching an intra-day high of Rs.216.00 [...]
Textile stock jumps 8% after reporting 300% YoY increase in net profits
Shares of this small-cap textile stock surged over 8 percent on Wednesday, following the company’s significant 300 percent YoY rise in net profit and robust revenue growth in its latest quarterly results. Share Price Movement During Wednesday’s trading session, PDS Ltd's share price increased by 8 percent, reaching an intra-day high of Rs.545.00 per share, [...]
Navratna stock jumps 3% after signing MoU with SAIL for railway infrastructure
The shares of this public-sector enterprise gained up to 3 percent after the company signed a Memorandum of Understanding (MoU) under the Ministry of Steel. With a market capitalization of Rs 14,509.43 crore, the shares of RITES Ltd were trading at Rs 301.90 per share, increasing around 3 percent as compared to the previous closing [...]
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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
Financial institutions should be board-driven: RBI Dy Guv Jain
Mumbai, Mar 29 (PTI) Financial institutions should be board-driven and not end up being dominated by individuals as it could lead to undesirable consequences, Reserve Bank Deputy Governor M K Jain has said. In his keynote address at CAFRAL, a Centre promoted by RBI, he stressed that an efficient and vibrant financial system is crucial [...]
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 [...]
OILSEEDS PRICES
MARCH 29,2022 MUMBAI, (PTI) OILS (per 10 Kgs) DEOILED CAKES (per M.T.) G.N.Extr.45% 41000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 37500.00 Rice Bran Extr. - Sunflower Extr. 30000.00 Rapeseed Extr. - Soyameal 48% 63652.00 Castor Extr. 11150.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 8100.00 Gr. Bolds 60/70 8900.00 Gr. [...]
Public sector banks sufficiently capitalised, says MoS Finance
New Delhi, Mar 29 (PTI) The government has infused capital amounting to Rs 2,86,043 crore in public sector banks (PSBs) during the last five years and they are sufficiently capitalised, Parliament was informed on Tuesday. The government infused about Rs 3 lakh crore between 2017-18 and 2021-22. As per inputs received from Reserve Bank of [...]
Bullish about India biz prospects; viewing data protection law positively: Truecaller CEO
New Delhi, Mar 29 (PTI) Swedish caller identification app Truecaller on Tuesday said it is bullish about the business prospects in India, its biggest market, and does not expect the upcoming data protection law to impact or pose challenges to its growth and business model here.Alan Mamedi, CEO and Co-Founder at Truecaller, emphasised that the [...]
Jaishankar meets Nepali, Bhutanese counterparts on sidelines of BIMSTEC Ministerial Meeting in Sri Lanka
Colombo, Mar 29 (PTI) External Affairs Minister S Jaishankar on Tuesday met his Nepali and Bhutanese counterparts on the sidelines of the BIMSTEC Ministerial meeting here and discussed cooperation in connectivity, energy and hydropower projects."Good to meet FM Narayan Khadka of Nepal on the sidelines of the BIMSTEC Ministerial. Discussed our cooperation in connectivity, energy, [...]
Average construction cost up 10-12 pc in last 1 yr; may rise further by 8-9 pc: Colliers India
New Delhi, Mar 29 (PTI) The average cost of construction for housing projects has risen 10-12 per cent over the last one year due to the rise in prices of raw materials like cement and steel, and may rise further by 8-9 per cent by December, according to property consultant Colliers India. "Over the last [...]
No proposal for merger of sick fertiliser units with profit-making firms: Govt
New Delhi, Mar 29 (PTI) The government has no proposal for the merger of sick public sector fertiliser units with profit-making fertiliser companies at present, Parliament was informed on Tuesday. Currently, there are two sick public sector fertiliser manufacturing companies FACT ( Fertilisers and Chemicals Travancore Ltd) and MFL (Madras Fertilisers Ltd) under the control [...]
The Children’s Scrappy News Service Made by Children for Children Begins on TV
Mumbai, Maharashtra, Bengaluru, Karnataka, India – Business Wire India Scrappy News Service is in search of what’s heating cities up.And, what millions of kids can do to cool their cities down. The Children’s Scrappy News Service is a news-talk-game show TV series, made by children in Mumbai and Bengaluru, broadcasting from newsrooms made of once-loved [...]
Asian Education Awards 2022- Kiteskraft Productions
Chandigarh, India – Business Wire India Asian Education Awards (3rd Version) was organised by Kiteskraft Productions on 26th of March 2022. Prof. Dr. Firdos T Shroff, Dr. Mala Dasgupta, Ts.Dr. AslinaBaharum, Prof. Dr. Kinjal H Shah graced the event by their motivational and influential Speaker Session. The aim was to provide the opportunity to showcase [...]
PEPPER COPRA CLOSING RATE
MUM PEPPER COPRA CLOSING RATE MUMBAI, MAR 25 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA CLOSED COPRA OFFICE KOZIZODE CLOSED COPRA RAJAPUR MUMBAI 18900 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1750 T.P ------------------ PTI MUM [...]
CBI has made ‘substantial progress’ in NSE co-location case probe: Sitharaman
New Delhi, Mar 29 (PTI) CBI has made substantial progress in the investigation into the NSE co-location case where markets regulator Sebi has found violations of norms by the stock exchange as well as some of its former top level employees, Finance Minister Nirmala Sitharaman said on Tuesday.The government and Sebi have received some complaints [...]
Guar seed futures rise on fresh bets
New Delhi, Mar 29 (PTI) Guar seed prices on Tuesday rose by Rs 77 to Rs 6,371 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 77 or 1.22 [...]
J&K govt receives 4,226 proposals worth Rs 47,441 crore
Jammu, Mar 29 (PTI) The Jammu and Kashmir government has received 4,226 investment proposals worth Rs 47,441 crore for land allotment to set up industrial units in the Union Territory. The Jammu and Kashmir administration in January last year announced a new industrial developmental scheme with an outlay of Rs 28,400 crore to encourage new [...]
AkzoNobel’s India HR head Anushree Singh elevated to a global role
New Delhi, Mar 29 (PTI) Paints and coatings maker Akzo Nobel India Ltd on Tuesday said its HR Head for India sub-continent Anushree Singh has been elevated to a global role.Singh will take on a new mandate as Global Project Manager for Employer Value Proposition (EVP) at AkzoNobel effectively from April 1, 2022, said a [...]
Guar gum futures gain on spot demand
New Delhi, Mar 29 (PTI) Guar gum prices on Tuesday gained Rs 183 to Rs 12,050 per five quintals in the 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 1.54 per cent or Rs 183 to Rs 12,050 [...]
NCDEX launches call centre to create awareness among farmers on agri-derivatives
New Delhi, Mar 29 (PTI) Agri-commodity bourse NCDEX and its Investor Protection Fund Trust (IPFT) on Tuesday launched a call centre to impart knowledge about agri-derivatives and related market infra services to farmers and FPOs. The initiative will help farmers and farmer producer organizations (FPOs) to access all types of information regarding the exchange functionalities, [...]
Govt to come out with global market intelligence network to boost MSME exports: Rane
New Delhi, Mar 29 (PTI) The government is setting up a global market intelligence network to boost India's exports from the micro, small and medium enterprises sector, Union minister Narayan Rane said on Tuesday. The Global Market Intelligence Network will act as a knowledge repository of export-related data on foreign markets and facilitate easier market [...]
Banking services continue to remain affected in TN for second straight day
Chennai, Mar 29 (PTI) Banking services continued to remain affected for the second day on Tuesday as part of the two-day strike call given by various central trade unions. Operations in public and private sector banks were affected in Tamil Nadu, according to All India Bank Employees Association, and it stated that nearly Rs 5,000 [...]
Zeiss Medical Tech launches device to treat breast cancer
New Delhi, Mar 29 (PTI) Zeiss Medical Technology, a global leader in ophthalmology and microsurgery, on Tuesday said it has launched a device to treat breast cancer in India.The company has introduced the Intrabeam 600 device to provide Intraoperative Radiation Therapy (IORT) in India.The device offers the least disruptive treatment method available to patients diagnosed [...]
D2C personal care brand mCaffeine raises Rs 240 crore
New Delhi, Mar 29 (PTI) Pep Technologies Pvt Ltd, which owns caffeine-infused D2C personal care brand mCaffeine, on Tuesday announced raising Rs 240 crore in Series C round of funding. The Series C round was led by Paragon Partners valuing the start-up at Rs 1,000 crore, Pep Technologies said in a statement. Besides, Singularity Growth [...]
Labour codes in consonance with ILO norms : Bhupender Yadav
New Del, March 29 (PTI) Union Labour Minister Bhupender Yadav has said that the Centre notified four labour codes in consonance with the norms set by the International Labour Organisation (ILO).Addressing the annual general meeting of the Federation of PTI employees unions on Monday as the chief guest, Yadav said the labour codes have been [...]
NPC Announces Best All In One Printers for Businesses in 2022
India, March 29: National Printing Centre (NPC) LLC announces the best All In One printer for scanning, copying and printing documents and photos in 2022. Being one of the leading office equipment companies in the Middle East, NPC understands that All In One printer come in various sizes, capabilities and price ranges. After thorough research [...]
K8 School’s New Jingle will Make you Smile and Tap your Feet
New Delhi, Delhi, India (NewsVoir) K8 School, India’s first & only accredited 100% online school, powered by Discovery Education, USA, is now becoming popular among parents and children, not just for what they are offering to children inside the classrooms, but indeed surprisingly for their new catchy commercial as well. K8 School’s new commercial looks [...]
Soft-launching India’s First KYC Compliant Crypto Token – Redeemption!
Redeemption Digital Technology Private Limited has soft-launched on 25th March’22 India’s first KYC-compliant crypto token – Redeemption. It’s a unique crypto token which users can as well earn investing time, instead of money. Also, it’s India’s first crypto token which users can redeem for fiat money, even before its listing on exchange. Redeemption is an [...]
University of Glasgow names research centre after Kiran Mazumdar-Shaw, husband
New Delhi, Mar 29 (PTI) The University of Glasgow has honoured John Shaw and Kiran Mazumdar-Shaw by naming its new research centre after them.In a statement issued on Tuesday, Biocon said the Mazumdar-Shaw Advanced Research Centre will be home to over 500 researchers from a range of disciplines, facilitating world changing collaborative research. The 116 [...]
ASCENT Foundation Announces Formation of Advisory Board to Chart Path for Next Decade of Entrepreneurial Impact
Seven-Member Advisory Board will include Nadia Chauhan, Namita Thapar, Rohan Mirchandani, Kunal Shroff, Ram Shroff, Priyanjali Mariwala and Harsh Mariwala ASCENT Foundation Recently Completed 10 Years of Creating Entrepreneurial Impact in the Country MUMBAI, India, March 29, 2022 /PRNewswire/ -- ASCENT Foundation, a not-for-profit, peer-to-peer learning platform founded by Harsh Mariwala, Chairman, Marico Ltd, has [...]
Okinawa expects to close this fiscal with record Rs 800 cr revenue
Mumbai, Mar 29 (PTI) The second-largest electric scooter maker Okinawa Autotech, which has sold around 1 lakh units so far this fiscal, is expecting to close the outgoing fiscal with record revenue of around Rs 800 crore.One lakh unit sales mean the Gurugram-based company, which is a pioneer in the EV space since 2015, has [...]
HDFC ERGO Launches VAULT, an Industry-first Digitally-enabled Rewards Program
Mumbai, Maharashtra, India (NewsVoir) HDFC ERGO General Insurance Company, a leading private general insurer and a digital-first company leads the way in customer loyalty with the launch of the VAULT program, an industry-first digital customer engagement and rewards program. HDFC ERGO is committed towards enhancing customer experience and making them feel valued. Staying true to [...]
Amidi: Embroidering for Change
• The Embassy of Israel works with young women from challenging backgrounds to give them a stage to express their voice through fashion • Young women from NGO Khushii walked the ramp alongside diplomats from embassies and members of the delegation of the European Union • Proceeds from the sale of the garments to go [...]
Crude oil futures decline on low demand
New Delhi, Mar 29 (PTI) Crude oil futures on Tuesday dropped by 1.19 per cent to Rs 8,040 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 97 or 1.19 per cent to Rs 8,040 per barrel with a business volume [...]
Alembic Pharma fully acquires Aleor Dermaceuticals
Alembic Pharmaceuticals on Tuesday said it has fully acquired Aleor Dermaceuticals from its joint venture partner Orbicular, to strengthen its skin-related manufacturing and marketing footprint. The company has acquired remaining 40 per cent stake from Orbicular Pharmaceutical Technologies, to have 100 per cent holding in Aleor, which has presence across cream, gel, ointment, shampoo, lotion, [...]
Boeing develops 10-year roadmap for AAI to modernise air traffic management
New Delhi, Mar 29 (PTI) Boeing has developed a comprehensive 10-year roadmap for the Centre-run Airports Authority of India (AAI) to modernise its air traffic management, the US-based aerospace company said on Tuesday."The roadmap aims to drive operational excellence and offer enhanced air traffic capacity for our flying public, and improved navigation, communication and surveillance [...]
Triumph drives in all-new Tiger Sport 660 in India tagged at Rs 8.95 lakh
New Delhi, Mar 29 (PTI) British premium motorcycle maker Triumph Motorcycles on Tuesday said it has launched an all-new Tiger Sport 660 in India, priced at Rs 8.95 lakh (ex-showroom).The company said it has entered the premium middleweight adventure category with Tiger Sport 660, designed to deliver significant advantages.From its unique triple engine performance advantage [...]
Fuel Prices hiked for 7th time in a row; Total rates increased by Rs 4.80/Ltr
Petrol prices in the national capital as well as most state capitals crossed Rs 100 a litre mark as its rates on Tuesday were hiked by 80 paise a litre and that of diesel by 70 paise, taking the total increase since last week to Rs 4.80 per litre. Petrol in Delhi will now cost [...]
BULLION OPENING RATE
BULLION OPENING RATE MUMBAI, MARCH 29 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 67344.00 STANDARD GOLD (99.5) : 51303.00 PURE GOLD (99.9) : 51509.00 -------------------- PTI MUM SSBSSB SSB
HDFC Bank to infuse Rs 3 cr to acquire stake in debt resolution firm IDRCL
HDFC Bank on Tuesday said it has inked an agreement to invest Rs 3 crore in the first tranche to acquire a stake in debt management company IDRCL. HDFC Bank has signed a pact on March 28, 2022, for investment in India Debt Resolution Company Ltd (IDRCL) by way of subscription to equity securities, the [...]
About 35,000 SAIL, RINL, NMDC workers boycott work on 2nd day of strike
New Delhi, Mar 29 (PTI) About 35,000 workers of state-owned SAIL, RINL and NMDC continued to boycott work on Tuesday as part the nationwide strike, affecting production at steel plants and mines. Rajesh Sandhu, Secretary of NMDC Sanyukt Khadaan Mazdoor Sangh said all non-executive workers have boycotted work to join the nationwide strike which entered [...]
India’s oldest stock bourse BSE in search for a new CEO
The country's oldest stock exchange BSE has also embarked on a search for a chief executive and managing director ahead of incumbent Ashish Kumar Chauhan's term ending in November. The move comes at a time when its bigger rival NSE, which controls a large part of trade volumes in the country, has also initiated a [...]
SBI EXCHANGE RATE
SLUG: DIRECT EXCHANGE RATES SBI BCM – ESPL/ECO/COM MUMBAI,MARCH 29,2022 (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 75.23 76.73 75.17 76.89 EUR/INR 82.15 84.99 82.09 85.16 GBP/INR 97.99 101.14 [...]
Tata Steel appoints Noel Naval Tata as additional director
New Delhi, Mar 29 (PTI) Tata Steel has appointed Noel Naval Tata, a trustee on the boards of Sir Ratan Tata Trust and Sir Dorabji Tata Trust, its additional director and designated him as the vice-chairman.A decision in this regard was taken by the board of the company at its meeting held on Monday, Tata [...]
Adani Wilmar exceeds analysts’ expectations & doubles investor’s money
The share price of Adani Wilmar limited reached ₹504.65 on Tuesday’s early trades. The shares of the company had an issue price of ₹230 per share and it got listed on the bourses on February 8, 2022. In less than two months, the share price of the company has increased by more than double, hence [...]
Regulator’s 5G recommendations in 7-10 days; work in final stages: Trai Secy
New Delhi, Mar 29 (PTI) Telecom regulator Trai's much-awaited recommendations on 5G spectrum pricing and other modalities will come out in the next 7-10 days, a senior official said on Tuesday.Telecom Regulatory Authority of India (Trai) Secretary V Raghunandan told PTI that the spectrum reference given to the regulator spanned multiple bands and thereby involved [...]
A Lawyer is a Social Engineer, Hon’ble Justice Mr. M.M. Sundresh at the Surana & Surana Moot’s 25th Anniversary Law Conclave
New Delhi, 29 March, 2022: The Jindal-Surana Conclave, “Moot at 25 Years”, commemorated the 25th anniversary of the law firm Surana and Surana International Attorneys (SSIA) in association with Jindal Global Law School (JGLS), O.P. Jindal Global University (JGU) last week. Driven by its commitment to nurture advocacy skills among law students, SSIA has been [...]
Classplus raises Rs 531 cr in funding round led by Tiger Global, Alpha Wave
New Delhi, Mar 29 (PTI) Edtech startup Classplus has bagged USD 70 million, about Rs 531 crore, in a funding round led by Alpha Wave Global and Tiger Global. As part of the series D funding round, Abu Dhabi-based Chimera Ventures has come in as a new investor while existing investor, RTP Global, has doubled [...]
RBI MONEY MARKET OPERATION
Date : Mar 29, 2022 Money Market Operations as on March 28, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 496,869.08 3.27 0.01-3.50 I. Call Money 10,398.31 3.29 2.00-3.50 II. Triparty Repo 382,799.65 3.27 3.00-3.40 III. Market Repo 103,671.12 3.28 0.01-3.50 [...]
Public transport services impacted in Haryana as nationwide strike enters second day
Chandigarh, Mar 29 (PTI) Public transport services were affected in Haryana for the second day on Tuesday, as roadways employees came in support of the nationwide strike called by central trade unions to protest against the Centre's alleged wrong policies.The two-day strike by central trade unions to protest against the government policies entered its second [...]
Aavas Financiers Ltd is Now Great Place to Work-Certified™
Jaipur, Rajasthan, India – Business Wire India The Great Place to Work® Certification is a step towards building High Trust, High-Performance Culture that organizations around the globe aspire to achieve to enhance and endorse their Employer Brand. Aavas Financiers is a Great Place to Work-Certified™ organization in India from March, 2022 to March, 2023 certified [...]
Celebrities Sparkled in Exquisite Platinum Jewellery at the 94th Annual Academy Awards and Parties
Statement Necklaces Remain a Popular Trend on the Red Carpet Mumbai, Maharashtra, India (NewsVoir) Hollywood’s biggest celebrities showcased spectacular platinum jewellery designs at the 94th Annual Academy Awards and parties. Platinum, the naturally white setting that truly enhances the brilliance of diamonds and colored gemstones, perfectly complemented the colorful couture gowns, glamorous makeup and hairstyles, [...]
IPL’s here and Parimatch has Some Exciting Prizes Awaiting its Contest Winners
New Delhi, Delhi, India (NewsVoir) With the start of the IPL 2022 just days away, online betting major Parimatch, with support of PMI - a service company engaged in the development and implementation of the expansion strategy for the Parimatch brand, has lined up contests in which users can walk away with exciting prizes. Baazi [...]
GEF Capital closes $200-mn climate fund as CDC, IFC, others chip in
Mumbai, Mar 29 (PTI) Private equity firm GEF Capital Partners - focused on climate investing - has raised nearly USD 200 million from British CDC Group, IFC and Dutch investment firm FMO, among others, to close its South Asia Growth fund II.The other investors include European Investment Bank, Proparco, Swedfund, the US Development Finance Corporation [...]
Central trade unions’ nationwide strike enters Day 2
New Delhi, Mar 29 (PTI) The two-day nationwide strike by central trade unions to protest against the government policies entered its second day on Tuesday, impacting normal life in some parts of the country. According to reports, public transport and banking services remain partly disrupted for the second day in some states. "Workers in Sikkim [...]
Banking services partially impacted on second day of strike
New Delhi, Mar 29 (PTI) Banking services were impacted partially for the second day on Tuesday, as a section of bank employees came in support of the nationwide strike called by central trade unions.Transactions at many public sector banks were impacted as employees did not report for duty. Besides, there were delays in cheque clearances [...]
Star Air awarded as Best Domestic Airline (RCS) at Wings India 2022
BANGALORE and KOLHAPUR, India , March 29, 2022 /PRNewswire/ -- Star Air, the aviation arm of Sanjay Ghodawat Group, won the prestigious award for Best Domestic Airline (RCS) by Wings India 2022. Launched in 2019, Star Air flew the Indian skies to connect travellers across various unconnected routes at affordable rates with utmost comfort and [...]
L&T Technology Services Earns Recognition as a John Deere “Supplier of the Year” & “Partner-level Supplier”
LTTS wins dual recognition for outstanding performance in product & service quality while committing to continuous improvement Bengaluru, Karnataka, India – Business Wire India L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, has earned recognition as Supplier of the Year and also named Partner-level supplier for 2021 in [...]
This T20 Season, 1 Finance Becomes Official Sponsor for Kolkata Knight Riders
Mumbai, Maharashtra, India – Business Wire India This press release is the original post that has been issued because of a change in the multimedia update and some details that are added to the issue, distributed on Friday, March 25, 2022, 6:35 PM IST. Look out for the new game changer on the personal finance [...]
9 Stocks recommended by Axis Direct for positional trading
The Dalal Street snapped its losing streak during early trades on Monday as the bulls outdid the bears. The BSE Sensex added 231.29 points or 0.40% and closed at 57593.49 points, while the NSE Nifty gained 69.00 points or 0.40% and closed at 17222.00 points. India VIX was in the red, showing a good sign. [...]
India’s Aim is to Become World’s Largest Startup Destination: Piyush Goyal
India-UAE ties to be a defining partnership for the 21st century 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 yesterday said that the country aspires to become the largest startup ecosystem in [...]
US President Joe Biden proposes USD 1.8 billion for Indo-Pacific Strategy
Washington, Mar 29 (PTI) US President Joe Biden has proposed USD 1.8 billion to support his Indo-Pacific Strategy along with another USD 400 million to counter China's aggressive behaviour in the strategically vital region.The US, India and several other world powers have been talking about the need to ensure a free, open and thriving Indo-Pacific [...]
CRN® Honors Automation Anywhere with 5-Star Rating in 2022 Partner Program Guide
SAN JOSE, Calif., March 28, 2022 /PRNewswire/ -- Automation Anywhere, a global leader in robotic process automation (RPA), today announced it has again received the prestigious 5-Star rating by CRN®, a brand of The Channel Company for its 2022 Partner Program Guide. CRN's 5-star rating is achieved only by select vendors that deliver the best [...]
Tata Steel UK using bacteria-technology to recycle its emissions
London, Mar 29 (PTI) Tata Steel's blast furnaces in the UK are using billions of microscopic bacteria to convert its emissions into stock materials for other industries to make recycled products such as food-packaging to animal feed, the Indian steel major has said. A pilot project, led by the University of South Wales, has been [...]
Assam govt acquires Hindustan Paper Corp’s two defunct mills for Rs 375 crore
Guwahati, Mar 28 (PTI) The Assam government on Monday announced that it has acquired PSU Hindustan Paper Corp's (HPC) two defunct paper mills in the state for Rs 375 crore.Assam Industrial Development Corporation (AIDC) was declared as the successful bidder. On behalf of the Government of Assam, the AIDC has taken over the assets of [...]
India, UAE should look at USD 250 bn trade by 2030: Goyal
Dubai, Mar 28 (PTI) The free trade agreement between India and the UAE has opened huge opportunities and businesses of both countries should look at taking the bilateral trade to USD 250 billion by 2030, Commerce and industry Minister Piyush Goyal said on Monday. The Comprehensive Economic Partnership Agreement (CEPA) was signed by India and [...]
Tactical urbanism trials launched in Pune to improve road safety
Pune, Mar 28 (PTI) In order to save lives on roads in Pune, Tactical Urbanism Trials (TUL) were launched at the Undri Chowk and Khadi Machine Chowk on the city's outskirts, an organisation said on Monday. These trials are being conducted by the Save LIFE Foundation in association with the Pune Municipal Corporation and the [...]
Give option to withdraw FPO bids by Mar 30: SEBI asks Ruchi Soya bankers amid SMS row
New Delhi, Mar 28 (PTI) Capital markets regulator SEBI on Monday asked bankers of Baba Ramdev-led Patanjali group's Ruchi Soya to give an option to investors in its ongoing follow-on public offer of shares to withdraw their bids while also cautioning them about "circulation of unsolicited SMS" about the share sale. The development assumes significance [...]
Poonawalla Fincorp case: Sebi removes securities mkt ban on 8 entities
New Delhi, Mar 28 (PTI) Relaxing its earlier directions, Sebi on Monday removed the securities market ban imposed on eight entities with respect to alleged insider trading activities in the shares of Poonawalla Fincorp Ltd, which was earlier known as Magma Fincorp. Passing a 62-page confirmatory order, the regulator said the eight entities are now [...]
Ruchi Soya FPO gets subscribed 3.60 times on final day
New Delhi, Mar 28 (PTI) Ruchi Soya Industries' follow on public offer to raise up to Rs 4,300 crore was subscribed 3.60 times on the final day on Monday. The Follow on Public Offer (FPO) opened on March 24 and the company raised Rs 1,290 crore from anchor investors. Bids of more than 17.60 crores [...]
Facing multiple challenges in India, but committed to support customers: Huawei
New Delhi, Mar 28 (PTI) Chinese telecom gear maker Huawei on Monday said that it has been facing multiple challenges in India, but is committed to support customers in the country. Huawei India CEO David Li while unveiling the company's annual financial report for 2021 at a virtual event said that the company is monitoring [...]
Sebi penalises erstwhile Essar Steel India for disclosure lapses
New Delhi, Mar 28 (PTI) Markets watchdog Sebi on Monday penalised erstwhile Essar Steel India Ltd, which is now known as ArcelorMittal India Pvt Ltd, for lapses in making disclosures related to issuance of non-convertible debentures. However, the imposition of Rs 2 lakh fine on the entity would be subject to the outcome of appeals [...]
Indiabulls Housing to raise Rs 50K cr growth capital next fisc, eyes 20% loan sales
Mumbai, Mar 28 (PTI) The second-largest mortgage lender Indiabulls Housing Finance is planning to raise Rs 50,000 crore next fiscal to fund its expected 15-20 per cent loan growth which will take its balance sheet near to the pre-pandemic peak when it had crossed the Rs 1-lakh-crore mark, a senior company official said on Monday. [...]
Significant headroom for ARPUs to rise: Bharti Airtel asserts at analyst meet
New Delhi, Mar 28 (PTI) Telecom operator Bharti Airtel's management has affirmed ambitions of Rs 300 ARPU with further tariff hikes and continued 'premiumisation' during a recent analyst meet, according to multiple brokerage reports. Credit Suisse, in a note on Bharti Airtel, said that while the 5G auctions are likely in the first quarter (Q1) [...]
More than 37,000 feature phone users joined UPI service since its launch on March 8: Karad
New Delhi, Mar 28 (PTI) More than 37,000 users have joined the digital payment service meant for feature phones while 21,833 successful transaction have taken place since its launch on March 8, 2022, Parliament was informed on Monday. The UPI123Pay service is available for feature phones without internet. Prior to the launch of this service, [...]
RBI’s new rules for MFIs to aid profitability: Crisil
Mumbai, Mar 28 (PTI) Reserve Bank's new rules for microlenders, who have been deeply impacted in the pandemic because of loan losses, will help widen profits by giving such entities greater flexibility in operations, a report said on Monday.Removing the interest margin cap on loans, the biggest change in regulation, will help NBFC-MFIs (non-banking finance [...]
Godrej Appliances ropes in Ayushmann Khurrana as brand ambassador
New Delhi, Mar 28 (PTI) Godrej group consumer durables maker Godrej Appliances on Monday said it has onboarded Bollywood actor Ayushmann Khurrana as a brand ambassador for its range of products. This is in alignment with the brand’s vision of becoming India’s most preferred appliances brand, a statement said. The actor, known for his diverse [...]
Allegations made in NCLT petition downright untruthful: Max Group Chairman
New Delhi, Mar 28 (PTI) Max Group founder and Chairman Analjit Singh on Monday refuted the allegations made against him by his wife Neelu Analjit Singh in a petition filed before the NCLT and said he will contest the charges at the hearings of the tribunal. Terming the allegation of diversion and siphoning of funds [...]
Bengal govt holds roadshow in Chennai for business summit
Kolkata, Mar 28 (PTI) The West Bengal government on Monday held a roadshow in Chennai to promote the sixth edition of a state business summit.The roadshow was organised in association with Assocham to highlight the state's unique business opportunities, strategic location advantage and availability of human resource capital with investor-friendly policies.The next edition of the [...]
HCL Tech to provide global service desk, on-site support to Novo Nordisk
New Delhi, Mar 28 (PTI) IT services company HCL Technologies on Monday said it has been selected to provide global service desk and on-site support to global healthcare company Novo Nordisk.Through the partnership, HCL will help Novo Nordisk transform its IT operations and create world-class end-user experiences and drive efficiency across its workforce, the company [...]
Shopee shuts down India business
New Delhi, Mar 28 (PTI) Amid global market uncertainties, e-commerce firm Shopee on Monday announced shutting down of business in India within months of its entry to the country. The company, operated by Singapore based Sea Limited, had in February closed down its operations in France as well. "In view of global market uncertainties, we [...]
SRF Ltd board appoints Ashish Bharat Ram as CMD
New Delhi, Mar 28 (PTI) Chemicals firm SRF Ltd on Monday said its board has approved the appointment of Ashish Bharat Ram as Chairman and Managing Director with effect from April 1. In a regulatory filing, SRF said that the company had announced the appointment of Vellayan Subbiah as the Chairman of the board of [...]
Sudarshan Chemical Industries to raise up to Rs 200 cr through debentures
New Delhi, Mar 28 (PTI) Sudarshan Chemical Industries Ltd on Monday said its board has approved a proposal to raise up to Rs 200 crore through issue of debentures. In a regulatory filing, the Pune-based company informed that the board has approved "fund raising by way of issue of Non-Convertible Debentures (NCD) aggregating up to [...]
Mein pushes for power transmission line between Arunachal, Bhutan
Itanagar, Mar 28 (PTI) Arunachal Pradesh Deputy Chief Minister Chowna Mein on Monday urged the North Eastern Regional Power Committee (NERPC) to carry out a feasibility study for the establishment of a 132 kv transmission line between Lumla in Tawang district of the state and 600 mw Kholongchu Hydro-Electric Power Station in Bhutan.Attending the 22nd [...]
Need to revisit conventional L1 tendering system: IRF
New Delhi, Mar 28 (PTI) International Road Federation on Monday said it has urged the government to revisit the age-old existing tendering system based on the least cost selection method or L1, stating that it may not be the most-appropriate and suitable method of awarding a contract for various infrastructure projects. "In India complex projects [...]
UAE-based Lulu Group to invest Rs 3,500 crore in Tamil Nadu
Dubai, Mar 28 (PTI) UAE-based Lulu Group will invest Rs 3,500 crore in Tamil Nadu to set up shopping malls, hypermarkets and food processing and logistic centre, the USD 7.4 billion retail giant announced on Monday. According to an MoU signed between the Managing Director and CEO of Tamil Nadu Industrial Guidance and Export Promotion [...]
Huawei’s Meng says US sanctions significantly hurting Chinese telecom giant; posts worst annual revenue performance
Beijing, Mar 28 (PTI) Huawei posted its worst revenue performance last year as the Chinese telecom giant's high-profile CFO, Meng Wanzhou, who was released last year after a three-year detention in Canada over charges of violating US sanctions against Iran said on Monday that the American curbs on her firm “significantly affected” its profits. Huawei, [...]
Pixxel raises $25 mn from Radical Ventures, others
New Delhi, Mar 28 (PTI) Space tech startup Pixxel on Monday said it has raised USD 25 million in a series A funding round led by Toronto-based Radical Ventures. Jordan Noone, Seraphim Space Investment, Lightspeed Partners, Blume Ventures, Sparta LLC and Inventus Capital India also participated in the funding round. Pixxel CEO and co-founder Awais [...]
Aurobindo Pharma acquires Veritaz formulation biz for Rs 171 cr
New Delhi, Mar 28 (PTI) Aurobindo Pharma Ltd on Monday said it has acquired the domestic formulation business of Veritaz for a consideration of Rs 171 crore on debt-free cash-free basis. This acquisition vehicle will greatly help Aurobindo as a launch pad for marketing biosimilar and other products in India, the company said in a [...]
GSI, MECL submit geological reports of 25 mineral blocks to states
New Delhi, Mar 28 (PTI) Geological Survey of India (GSI) and Mineral Exploration Corporation Ltd (MECL) have submitted geological reports of 25 blocks of minerals such as emerald, glauconite and potash, to state governments and now states can initiate the process for auction of these blocks, Parliament was informed on Monday. The new minerals for [...]
No major impact of strike on banking services in Rajasthan
Jaipur, Mar 28 (PTI) Banking services were not affected majorly in Rajasthan due to the nation-wide strike called by central trade unions to protest against the policies of the Union government, according to a union official. Only three out of nine bank unions have given a call for the strike so banking services were not [...]
Over 900 sheep, goat units set up under J-K govt scheme in 2021-22
Jammu, Mar 28 (PTI) Over 900 sheep and goat units have been established in the financial year 2021-22 under the Integrated Sheep Development Scheme (ISDS) in Jammu and Kashmir, officials said on Monday.ISDS is one of the schemes of the Jammu and Kashmir sheep husbandry department aimed at achieving breakthroughs in wool and mutton production [...]
GOQii raises Rs 76 cr from Animoca Brands for building health metaverse
New Delhi, Mar 28 (PTI) Health tech firm GOQii has raised USD 10 million (about Rs 76 crore) from Animoca Brands for building its health metaverse, a top official of the company said on Monday. The company had raised USD 50 million in February last year in a series C round led by Sumeru Ventures [...]
Food startup FairPlum raises USD 2 mn from Unicorn India Ventures, others
New Delhi, Mar 28 (PTI) Food startup FairPlum on Monday said it has raised USD 2 million (around Rs 15 crore) in a funding round led by early stage focused VC, Unicorn India Ventures.Other investors in the seed fund round include Unilever Vice President - R&D Vivek Sirohi; Agri-Bazaar Co-Founder & CEO Amith Agarwal; Dinshaw [...]
Raj govt taking steps for welfare of farmers: Gehlot
Jaipur, Mar 28 (PTI) The Rajasthan government has not only talked about farmers' interest but has also taken steps for their welfare, Chief Minister Ashok Gehlot said on Monday. Gehlot mentioned that Rajasthan was the first state in the country to announce a separate budget for agriculture. Presenting a separate agriculture budget this year, the [...]
Das for 100 pc self-sufficiency in banknote manufacturing
Mumbai, Mar 28 (PTI) Reserve Bank of India Governor Shaktikanta Das on Monday stressed on achieving 100 per cent self-sufficiency in banknote manufacturing in the near future. He was speaking after dedicating Varnika, the ink manufacturing unit of Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), to the nation in Mysuru. BRBNMPL, a wholly-owned subsidiary [...]
Jitendra New EV partners Log9 Materials for battery charging solutions
New Delhi, Mar 28 (PTI) Advanced battery technology startup Log9 Materials on Monday said it has entered into a collaboration with Maharashtra-based Jitendra New EV Tech Pvt Ltd to provide its battery charging technology to the latter's electric scooters.Under the collaboration, Jitendra New EV Tech will introduce its 'JMT 1000HS Rapid' e-scooters that can fully [...]
Odisha industry body seeks intervention of state, Centre to improve coal supply to non-power sector
Bhubaneswar, Mar 28 (PTI) Claiming that several units in steel, aluminium and other sectors are struggling to run their captive power plants with depleting coal stocks, an industry body in Odisha has sought intervention of the central and state governments to resolve the issue.Utkal Chamber of Commerce and Industry (UCCI) wrote to Coal and Mines [...]
Nationwide strike has limited impact in Maharashtra
Mumbai, Mar 28 (PTI) The nationwide strike had a limited impact in the financial capital on Monday, with most of the services functioning normally. Employees from Maharashtra's power sector utilities joined the strike despite the threat of action against them but they had extensive negotiations with the state's power minister Nitin Raut. Besides, employees from [...]
Services partly impacted as some bank unions went on strike
New Delhi, Mar 28 (PTI) Banking services were impacted partially on Monday as a section of bank employees did not report for duty in support of the two-day nationwide general strike called by central trade unions. The strike will continue on Tuesday. Transactions at many public sector banks were impacted as employees did not report [...]
Airports set to come out of the red next fiscal; topline to jump 50 pc: Report
Mumbai, Mar 28 (PTI) Airports, which have been struggling during the past two pandemic years, are set to return to the black next fiscal on the back of the resumption of regular international flights and an increase in domestic tariffs, according to a report.Air passenger traffic is likely to grow 68-70 per cent year-on-year to [...]
Tata Power, Rustomjee Group tie up for EV charging infra
New Delhi, Mar 28 (PTI) Tata Power and Rustomjee Group have collaborated to set up electric vehicle charging infrastructure at the commercial and residential projects of the latter across Mumbai metropolitan region, a statement said on Monday. Tata Power, one of India’s largest electric vehicle charging solutions providers, has collaborated with real estate developer Rustomjee [...]
The Helping Hands Foundation Presents Baby Shark Tank India
Mumbai, Maharashtra, India (NewsVoir) • Anupam Mittal, of The Shark Tank India Fame, Promotes Entrepreneurship with Empathy • Summer Fundraiser in Aid of Tata Memorial Hospital Paediatrics, Mumbai With a vision to support kids who are being treated at The Tata Memorial Hospital, The Helping Hands Foundation, helmed by Madhavi Goenka organised their fundraiser by [...]
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