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Tata Group stock in focus after it partners with Air India to modernise aircrafts
Tata Group stock engaged in providing outsourced engineering services and digital transformation services to global automobile and other manufacturing clients in focus upon collaborating with Air India to modernise aircrafts. Price Action With a market capitalization of Rs. 40,326 Crores, the shares of Tata Technologies Limited were trading at Rs. 994.10 per equity share, down [...]
Infra stock jumps 10% after its net profit increased by 47% YOY
The shares of the second-largest private port operator gained up to 10 percent after the company’s net profit and revenue zoomed by 47 percent and 18 percent, respectively in Q2FY25. JSW Infrastructure Ltd has a market capitalization of Rs 65,436.05 crore, the shares were trading at Rs 311.60 per share, increasing around 9 percent as [...]
Paper stock jumps 13% after reporting 66% YoY increase in net profits
During Tuesday’s trading session, the shares of a company operating in the Specialty Paper segment moved up by 13.2 percent to Rs. 121.55 on BSE, after reporting Q2 FY25 results with a rise in net profit by 9.4 percent QoQ and nearly 14 percent YoY. With a market cap of Rs. 1,098 crores, at 12:19 [...]
EV stock hits 5% upper circuit after company’s net profit increases by 260% YoY
EV stock engaged in the business of providing end-to-end solutions for the manufacturing, procurement, and distribution of advanced EV Chargers, solar systems, and many more hit a 5 percent upper circuit in the day’s trade upon declaring robust Q2FY25 results with a 260 percent jump in Net Profits. Price Action With a market capitalization of [...]
Smallcap stock jumps 8% after reporting 120% increase in net profits
The shares of the advanced mapping solution provider gained up to 8 percent after the company’s net profit and revenue magnified by 120 percent QoQ to 115 percent YoY in Q2FY25, respectively. With a market capitalization of Rs 2,975.45 crore, the shares of Genesys International Corporation Ltd were trading at Rs 749.60 per share, increasing [...]
Cement stock jumps 8% after 16% stake of the company exchange hands
Shares of this small-cap company, which operates in cement, textiles, and software solutions, jumped nearly 8 percent on Tuesday after 14.1 million shares representing 16.2 percent of the company's equity were traded in two large block deals, according to Bloomberg data. Share Price Movement During Tuesday’s trading session, Ramco Industries Ltd's share price increased by [...]
Smallcap stock falls 18% after company reports weak Q2 results
During Tuesday’s trading session, the shares of a rural-focused NBFC and a microfinance lender fell 18.4 percent to hit a new 52-week low at Rs. 375.6 on BSE, after reporting a loss of Rs. 216 crores in Q2 FY25, down from a profit of Rs. 56 crores in Q1 FY25 and Rs. 125 crores in [...]
IT stock jumps 3% after receiving orders worth ₹150 Cr for data center projects
The shares of IT solution providers gained up to 3 percent after the company secured major data center projects with a leading hyperscale player in India. With a market capitalization of Rs 8,297.77 crore, the shares of Aurionpro Solutions Ltd were trading at Rs 1,478.20 per share, decreasing around 3 percent as compared to the [...]
Fertilizer stock jumps 12% after reporting 4,132% increase in net profits
Fertilizer stock engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers and many others jumped up to 12 percent in the day’s trade upon declaring robust Q2FY25 results with a 4,132 percent jump in Net Profits. Price Action With a market capitalization of Rs. 7,728 Crores, the shares of Paradeep Phosphates [...]
Chemical stock jumps 6% after reporting 50% QoQ increase in net profit
Shares of this small-cap Chemical stock surged nearly 6 percent on Tuesday, following the company’s significant 50 percent QoQ rise in net profit and robust revenue growth in its latest quarterly results. Share Price Movement During Tuesday’s trading session, Sumitomo Chemical India Ltd's share price increased by 5.9 percent, reaching an intra-day high of Rs.544.70 [...]
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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
Adani Total Gas forays into Electric Mobility Infrastructure
New Delhi, Mar 27 (PTI) Adani Total Gas Ltd, a joint venture of Adani group and French energy giant TotalEnergies SE, has forayed into the electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad. The charging station is located at ATGL's CNG station at Maninagar in Ahmedabad, the company said in [...]
Ukraine war unlikely to roil Rs 5 tn refinancing next fiscal: Report
Mumbai, Mar 27 (PTI) Over 1,400 large companies have to refinance Rs 5 lakh crore next fiscal, but the ongoing global crisis following the Russian invasion of Ukraine in the form rising inflation risks and the resultant likely spike in interest rates, is unlikely to cause any trouble for them given their strong balance-sheets and [...]
Schoolnet aims Rs 6,000 cr revenue in 7 years
New Delhi, Mar 27 (PTI) Edtech firm Schoolnet aims to grow multifold to generate Rs 6,000 crore in the next 5-7 years from expansion of services in schools and subscriber growth on its learning app.The 25-year old firm provides digital classrooms to around 40,000 schools at present, along with digital learning content and trains teachers, [...]
DLF to invest Rs 2,000 cr to build two shopping malls in Gurugram, Goa
New Delhi, Mar 27 (PTI) Realty major DLF will invest around Rs 2,000 crore to construct two new shopping malls in Gurugram and Goa, as it sees huge growth potential in organised retail with opening up of the economy after significant reduction in COVID-19 cases. In an interview with PTI, Sriram Khattar, Managing Director, DLF [...]
Lanka’s oldest airport sees 1st international flight in 54 years
Colombo, Mar 27 (PTI) Sri Lanka’s oldest and first international airport was relaunched on Sunday with its first international flight landing in 54 years, aviation officials said. A flight from the Maldives landed at the Ratmalana International Airport here. The 50-seater Maldivian flight would operate three flights a week to Colombo which would be later [...]
Govt to launch common portal for different schemes
New Delhi, Mar 27 (PTI) To improve the ease of living for the common man, the government is working on a proposal to launch a common portal for various schemes run by different ministries and departments.As part of the Narendra Modi government's vision of minimum government maximum governance, the new portal will initially onboard 15 [...]
Singapore further extends levy rebate on foreign workers till June
Singapore, Mar 27 (PTI) Acknowledging that labour-intensive industries in the country continue to face manpower shortage, the Singapore government on Sunday again extended foreign worker levy rebate for three months, a move which will help companies dependent on imported workers.The levy rebate extension is part of several support measures that were put in place to [...]
MP power company hires drones to detect faults in transmission lines
Jabalpur, Mar 27 (PTI) The state-owned Madhya Pradesh Power Transmission Company Limited (MPPTCL) has hired drones to detect faults in the high voltage transmission lines, officials said on Sunday. The drones are being used on an experimental basis for a year in dense forests, hilly terrains and plains in and around Jabalpur, doing away with [...]
Bank of Maharashtra bags best bank award from Kerala bankers’ body
New Delhi, Mar 27 (PTI) Bank of Maharashtra (BoM) has received the best bank award at national level under the public sector category from State Forum of Bankers' Clubs Kerala (SFBCK). Kerala's Industries and Commerce Minister P Rajeeve handed over the award to BoM Managing Director A S Rajeev, the bank said in a statement [...]
Lenders approve IL&FS’ debt recast proposal for CNTL
Mumbai, Mar 27 (PTI) The lenders have approved IL&FS Group's proposal to restructure the Rs 5,500 crore debt of its subsidiary Chenani Nashri Tunnelway (CNTL), which offers almost full repayment to them.The move comes after the company has revalued itself at Rs 5,257 crore now after the deal with Cube Highways of Singapore failed last [...]
Bengal to intensify efforts to attract investors: WBIDC Chairman
New Delhi, Mar 27 (PTI) The West Bengal government will intensify its investor outreach efforts, and is betting big on a planned deep-sea port, coal mine and industrial corridor being developed in the state to attract entrepreneurs, a top official has said. West Bengal Industrial Development Corporation (WBIDC) Chairman Rajiva Sinha said there is a [...]
Mumbai SEEPZ directs units to resume physical offices from Sep
New Delhi, Mar 27 (PTI) With Covid cases declining, Santacruz Electronic Export Processing Zone Special Economic Zone (SEEPZ SEZ) Mumbai has directed its units to start functioning from office with 100 per cent capacity from September 1 this year.According to a communication of the office of the development commissioner SEEPZ SEZ, it is decided that [...]
Draft rubber bill proposes one-time registration, removal of some archaic provisions
New Delhi, Mar 27 (PTI) To promote ease of doing business and growth of the sector, the draft rubber bill has proposed a series of steps, including replacement of periodic licensing with one-time registration, removal of permission requirement for possession of natural rubber and laying down clear procedures for inspection.The commerce ministry has proposed the [...]
Carbon-based taxation system to help OEMs commit more towards green tech: Lexus
New Delhi, Mar 27 (PTI) Carbon-based taxation system has taken precedent across developed nations and it should be considered in India as well to promote electrification and other technologies that aim to reduce vehicular emissions in the long run, as per a top executive of Toyota's luxury car arm Lexus.The luxury carmaker, which sells seven [...]
India pays for Russian LNG imports in US dollar
India's largest gas utility GAIL (India) Ltd continues to pay for the LNG it imports from Russia's Gazprom in US dollars and will seek exchange rate neutrality in case payments are sought in any other currency such as Euro, two sources said. GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas [...]
Vodafone Idea shareholders approve Rs 14,500 cr fundraise proposal
Shareholders of Vodafone Idea have approved a proposal to raise Rs 14,500 crore, the debt-ridden telecom operator said in a filing on Saturday. Shareholders approved the proposal at the extraordinary general meeting held on Saturday, the filing said. Vodafone Idea (VIL) had placed special resolution of issue of equity shares worth Rs 4,500 crore to [...]
Ola e-scooter catches fire in Pune, Company investigating matter
Ola Electric on Saturday said it is investigating the incident of its electric scooter catching fire in Pune and will take appropriate action. A video of the company's electric scooter catching fire has been widely circulated on social media with users raising questions over the safety standards of the vehicle. Reacting to the incident, Ola [...]
‘Time-tested’ India-Maldives relationship is a ‘force for stability’ in the region: Jaishankar
Male, Mar 26 (PTI) Describing the "time-tested" relationship between India and the Maldives as a "force for stability" in the region, External Affairs Minister S Jaishankar said on Saturday that the shared responsibility of the two countries is to nurture and strengthen it.Speaking at a joint press appearance alongside Maldives Foreign Minister Abdulla Shahid after [...]
Centre’s TDB, Sapigen Biologix ink deal to make intranasal COVID-19 vaccine & malaria drug
Hyderabad, Mar 26 (PTI) The Technology Development Board (TDB) of the Union Ministry of Science and Technology and Sapigen Biologix Private Limited, Hyderabad on Saturday entered into an agreement for development and commercialisation of two novel vaccines -- "Intranasal COVID-19 Vaccine and RTS, S Malaria Vaccine". Sapigen Biologix is helmed by Krishna Ella of Bharat [...]
Coal India arm NEC resumes mining operations
New Delhi, Mar 26 (PTI) Coal India-arm North Eastern Coalfields on Saturday resumed its mining operations at Tikak colliery in Assam, a statement said on Saturday. Mining operations at NEC were halted owing to non-availability of land for overburden dump and certain clearances. "Coal mining operations at North Eastern Coalfields (NEC), a unit of world’s [...]
Delhi govt presents Rs 75,800-cr ‘Rozgar budget’; aims to create 20 lakh jobs in 5 yrs
New Delhi, Mar 26 (PTI) A Rs 75,800-crore budget for 2022-23 for Delhi with a five-year plan to create 20 lakh jobs through initiatives like a new electronic city and promotion of night economy to boost business and trade activities was presented by Deputy Chief Minister Manish Sisodia on Saturday. The education sector, where the [...]
After two years, regular international flights to resume from Sunday
New Delhi/ Mumbai, Mar 26 (PTI) After a coronavirus pandemic-induced hiatus of over two years, regular international flights are set to resume from Sunday with airports and airlines getting ready for normal overseas operations. Battered by the pandemic, the airline industry is slowly coming back to normalcy and the resumption of normal overseas flights is [...]
Delhi Budget: Kejriwal govt sets aside Rs 3,250 cr for free power scheme in FY23
New Delhi, Mar 26 (PTI) A little over 97 per cent of the total budgetary allocation of Rs 3,340 crore for the power sector for the 2022-23 fiscal has been earmarked for the free electricity scheme by the Delhi government led by Arvind Kejriwal. According to the budget proposals of the Delhi government presented by [...]
Shakambhari Group revives closed steel unit in Purulia
Kolkata, Mar 26 (PTI) City-based steel maker Shakambhari Group on Saturday said it inaugurated a steel plant of Vikash Metal & Power Ltd that had closed down in 2013, in West Bengal's Purulia district.The group's subsidiary SPS Steels Rolling Mills had completed the process of acquisition and taken over control of Vikash Metal & Power [...]
NDTV to contest I-T Dept showcause notice related to 2008-09 assessment year
New Delhi, Mar 26 (PTI) NDTV on Saturday said it will contest a showcause notice issued by the Income Tax Department seeking an explanation regarding bonds issued by an erstwhile subsidiary of the company for the assessment year 2008-09. It has been given time till March 29, 2022, for responding to the notice, said NDTV in [...]
Artificial Intelligence could be used for early resolution of matters, says NCLT President
New Delhi, Mar 26 (PTI) New-age technologies such as Artificial Intelligence (AI) could be used for early resolution of matters, including insolvency cases, National Company Law Tribunal President Justice Ramalingam Sudhakar said. While addressing a national-level colloquium of NCLT, Justice Sudhakar suggested that AI can be used in case of resolution, especially in the admission [...]
India at 8pc growth can double economy in 7-8 yrs, says NITI VC
Mumbai, Mar 26 (PTI) India can double its economy in about 7-8 years if it grows at 8 per cent, which is feasible as the country has sustained a growth rate of 8.5 per cent earlier for a long time, Niti Aayog Vice-Chairman Rajiv Kumar said on Saturday. "If things remain normal, and we are [...]
Centre extends free foodgrain prog for 6 months till Sept at Rs 80,000 cr cost to exchequer
New Delhi, Mar 26 (PTI) The Modi government on Saturday extended the scheme to provide 5 kg of foodgrains free of cost to the poor by six months till September 30 at a cost of Rs 80,000 crore, as it looks to continue providing support to vulnerable amid a rebound in the COVID-19 pandemic. The scheme, [...]
J&K records 8-fold increase in CA storage capacity since 2015-16
Jammu, Mar 26 (PTI) Jammu and Kashmir has recorded an eight-fold increase in controlled atmosphere (CA) storage since 2015-16, an official said on Saturday. The Jammu and Kashmir government, in a bid to reduce post-harvest losses by increasing the shelf life of various agriculture and horticulture products besides addressing the issue of distress sale of [...]
Budget: Traders cast doubt on Delhi govt plan to promote night economy, shopping fest
New Delhi, Mar 26 (PTI) Several traders' associations in the national capital on Saturday cast doubt on Delhi's government plans of promoting the night-time economy, saying the law and order situation in the city is "poor" and it is not safe to open businesses and shops beyond a particular time.Delhi Deputy Chief Minister Manish Sisodia [...]
GST, VAT to contribute over 62 pc to total receipts of Delhi govt in FY23
New Delhi, Mar 26 (PTI) The GST and the VAT will be the biggest contributors to the Delhi government's tax revenue which is estimated at Rs 47,700 crore for 2022-23, according to the budget presented in the Assembly by Deputy Chief Minister Manish Sisodia on Saturday. The budget for 2022-23 has pegged the total receipts [...]
Centre extends free foodgrain programme for six months until Sept
New Delhi, Mar 26 (PTI) The Centre has extended the free foodgrain programme 'PMGKAY' for six months till September this year to provide relief to poor, Union minister Piyush Goyal said on Saturday. A decision in this regard was taken in the Cabinet meeting chaired by Prime Minister Narendra Modi. Food Minister Piyush Goyal tweeted [...]
Financial support of Rs 4,374 cr to local bodies in Delhi budget
New Delhi, Mar 26 (PTI) The Delhi government will provide a financial support of Rs 4,374 crore to the local bodies, Deputy Chief Minister Manish Sisodia said in his budget speech on Saturday. The budget size for the next financial year is 9.86 per cent higher than that of the previous year's Rs 69,000 crore, [...]
NEWSALERT
Govt extends free foodgrain scheme PMGKAY by six months till September, says Food Minister Piyush Goyal. PTI MJH MR MR
Kejriwal govt unveils five-year plan to create 20 lakh new employment opportunities
New Delhi, Mar 26 (PTI) The Delhi government on Saturday unveiled its five-year plan to create 20 lakh new employment opportunities, identifying retail, food and beverages, logistic and supply chain, travel and tourism, entertainment, construction, real estate and green energy sectors as job creators.It has been estimated that Rs 4,500 crore will be required for [...]
Manappuram Finance to raise up to Rs 7,800 cr in FY23
New Delhi, Mar 26 (PTI) Manappuram Finance on Saturday said its board has approved a proposal to raise up to Rs 7,800 crore in the next financial year. "The board of directors at its meeting held on today has considered and approved fund raising programme of the company for FY 2022-23, which includes issuance of [...]
Budget: Delhi govt to upgrade 15 hospitals, four new facilities planned
New Delhi, Mar 26 (PTI) The Delhi government on Saturday said the work has begun on upgrading 15 existing hospitals in the city while four new facilities are also being planned to bolster the healthcare infrastructure in the capital that has gone through multiple waves of the coronavirus pandemic.Delhi Deputy Chief Minister Manish Sisodia on [...]
Max Group Company Antara Launches Care Home Facility in Jasola, New Delhi
New Delhi, Delhi, India (NewsVoir) • Antara launched the 5th of the 35 Care Homes (4th facility in NCR) since the first launch in 2020 • Plans to invest over Rs. 300 Crore in the next 3-4 years across Care Homes, Care at Home, MedCare services & Residences for Seniors • Adds 10 beds to [...]
Delhi eyes 1 lk ‘green’ jobs in 5 years through ‘Smart Urban Farming’, new solar policy, 25K e-autos
New Delhi, Mar 26 (PTI) The Delhi government Saturday said it will create one lakh "green" jobs in the next five years by starting "Smart Urban Farming" campaign, adding 25,000 e-autos and installing rooftop solar plants of a cumulative 2,500-megawatt capacity.Green jobs are jobs that have a direct, positive impact on the environment traditionally involving [...]
India can grow consistently at 8% for next 20 yrs on current investment strategy: Vaishnaw
New Delhi, Mar 26 (PTI) Indian economy can grow consistently at 8 per cent for the next 20 years leading to the generation of up to 1.5 crore new jobs and bringing out 3.5 crore people out of the poverty every year on the basis of the capital investment strategy of the government, Union minister [...]
Financial support of Rs 4,374 cr to local bodies in Delhi budget
New Delhi, Mar 26 (PTI) The Delhi government will provide financial support of Rs 4,374 crore to the local bodies, Deputy Chief Minister Manish Sisodia said in his budget speech on Saturday. The budget size for the next financial year is 9.86 per cent higher than that of the previous year's Rs 69,000 crore, he [...]
Budget: Delhi govt to set up incubation centre to promote startup policy
New Delhi, Mar 26 (PTI) The Delhi government on Saturday said it will set up an "incubation centre" to promote the startup ecosystem, and also connect innovators with banks and investors for seeking funding for their new ventures. Delhi Deputy Chief Minister Manish Sisodia on Saturday presented a Rs 75,800-cr "Rozgar Budget" in the Assembly [...]
Delhi govt proposes land for cloud kitchens, food truck policy, strengthening night-time economy
New Delhi, Mar 26 (PTI) Aiming to strengthen the night-time economy and promote the food and beverages industry, the Arvind Kejriwal government on Saturday said it will provide land for cloud kitchens, redevelop major food hubs, and bring in a food truck policy in the national capital. Presenting the Budget for the financial year 2022-23, [...]
Budget: Delhi govt to upgrade 15 hospitals, four new facilities planned
New Delhi, Mar 26 (PTI) The Delhi government on Saturday said work has begun on upgrading 15 existing hospitals in the city while four new facilities are also being planned to bolster the healthcare infrastructure in the capital that has gone through multiple waves of the coronavirus pandemic. Delhi Deputy Chief Minister Manish Sisodia on [...]
NSE co-location case: Court seeks CBI’s response on Chitra Ramkrishna’s bail plea
New Delhi, Mar 26 (PTI) A Delhi court has sought CBI's response within two weeks on the bail plea of former managing director and chief executive officer of National Stock Exchange (NSE) Chitra Ramkrishna in connection with the NSE co-location case. Special judge Sanjeev Aggarwal issues notice to the agency and directed it to file [...]
Delhi govt plans to develop Gandhi Nagar market as ‘grand garment hub’
New Delhi, Mar 26 (PTI) The Delhi government has planned to develop the textile market in Gandhi Nagar as a "grand garment hub" and it will be re-branded and repositioned to also generate more jobs in the next five years. Delhi Deputy Chief Minister Manish Sisodia on Saturday presented a Rs 75,800-crore budget in the [...]
Birla Estates inks JV to build township in Bengaluru; eyes Rs 3,000 cr revenue
New Delhi, Mar 26 (PTI) Birla Estates has formed a joint venture to develop a 52-acre township in North Bengaluru with a revenue potential of Rs 3,000 crore.Birla Estates Pvt Ltd is the real estate arm of Century Textiles and Industries Ltd.The company has entered into an agreement to jointly develop a prime 52-acre land [...]
In a first, Delhi to conduct audit of jobs created with taxpayers’ money
New Delhi, Mar 26 (PTI) The Delhi government will conduct a survey to ascertain how many people got employment as a result of expenditure incurred on different programmes and schemes, Deputy Chief Minister Manish Sisodia said while presenting Delhi's budget for the financial year 2022-23 on Saturday. This will be the first such employment audit [...]
‘Shameless fleecing’ of public must stop: Cong on fuel price hike
New Delhi, Mar 26 (PTI) The Congress on Saturday attacked the BJP after petrol and diesel prices were increased for the fourth time in five days, saying this "shameless fleecing" of the public must stop. Former Congress chief Rahul Gandhi took a swipe at the government over the rising prices of fuel, saying "King prepares [...]
Sebi plans reducing timelines for open, buyback offers
New Delhi, Mar 26 (PTI) To reduce the overall time taken for the completion of open and buyback offers, markets regulator Sebi has suggested changes in the timelines for procedural activities, including a lesser time period for tendering shares.The proposed changes would bring down the overall time taken for completion of open offers to 42 [...]
Merck Foundation Named as the Most Influential NGO Whose Collective Efforts Are Shaping Africa’s Future
Mumbai, Maharashtra, India&Accra, Ghana– Business Wire India • Merck Foundation’s collective efforts greatly contribute to the development of Africa in key sectors such as education, health and economic empowerment • Merck Foundation continues to create an impact in raising awareness about a wide range of social and health issues such as Ending Child marriage, Ending [...]
PSU disinvestment: Sebi proposes relaxing provisions for open offer price determination
New Delhi, Mar 26 (PTI) Markets watchdog Sebi has proposed changes to the mechanism for determining open offer price with respect to disinvestment of public sector undertakings.Issuing a consultation paper on review of the determination of offer price in case of disinvestment of public sector undertakings (PSUs), the regulator said the move is aimed at [...]
Akasa Air to launch operations from June, expects fleet size at 72 in 5 years- CEO Dube
Rakesh Jhunjhunwala-backed airline Akasa Air is all set to roll out its commercial operation from June, its CEO Vinay Dube has said here. Speaking at an interactive session on the sidelines of Wings India 2022, Dube on Friday said the airline hopes to have a fleet of 72 aircraft in the next five years. "We [...]
Delhi govt to set up electronic city to create 80,000 jobs: Sisodia
New Delhi, Mar 26 (PTI) With an aim to boost employment opportunities and give an impetus to electronics manufacturing, Delhi Deputy Chief Minister Manish Sisodia on Saturday proposed to set up an electronic city in the national capital to create 80,000 jobs.The announcement was made during his budget presentation for the financial 2022-23. The electronic [...]
Miss Universe Harnaaz Sandhu Celebrates Homecoming with Smile Train India, Brings Focus on Life Transforming Cleft-Surgery and Cleft Malnutrition
Witnesses a cleft surgery at National Heart Institute, Delhi New Delhi, Delhi, India (NewsVoir) Smile Train India, the country’s largest cleft-focused NGO, hosted Miss Universe 2021 Harnaaz Sandhu, during her homecoming. Harnaaz made the nation proud by bringing the crown home after more than two decades. As a Smile Train Ambassador and celebrated personality, Harnaaz [...]
Toyota Kirloskar to hike vehicle prices by up to 4 pc from Apr
New Delhi, Mar 26 (PTI) Automaker Toyota Kirloskar Motor on Saturday said it will increase prices of its entire model range by up to 4 per cent from April 1 to offset the impact of rising input costs.The company, which sells models like Fortuner and Innova Crysta, noted that prices are being hiked due to [...]
BMW India to Increase Prices Effective 01 April 2022
Gurugram, Haryana, India – Business Wire India BMW India has announced a price increase of up to 3.5% across the BMW model range effective 01 April 2022. The price increase will be brought into effect to adjust the material and logistics costs, impact of current geo-political situation and exchange rates. The range of locally produced [...]
Royal College of Surgeons of England (RCSE) Partners With Rela Hospital to Launch One of Its Most Popular Courses: “Care of the Critically Ill Surgical Patients”, for the First Time in South India
Chennai, Tamil Nadu, India – Business Wire India For the first time in South India, Royal College of Surgeons of England partners with Rela Hospital, Chennai for an interactive course on “Care of the Critically Ill Surgical Patients” (CCrISP) and another course designated ‘Systematic Training in Acute Illness Recognition and Treatment’ (START) for the practicing [...]
1 Finance Ties up with Kolkata Knight Riders as an Official Sponsor; All Set to Make Its Debut in the IPL
Mumbai, Maharashtra, India – Business Wire India 1 Finance - The Mumbai-based company has signed up with the two-time Champions, Kolkata Knight Riders (KKR), for the country’s biggest sporting event - the Indian Premier League (IPL), scheduled to begin on 26th March 2022. After a successful two-day adrenaline-inducing auction that took place in Bengaluru in [...]
Lankan newspapers run out of newsprint due to forex crisis; suspend publication
Colombo, Mar 26 (PTI) Sri Lanka’s two major newspapers on Saturday suspended their publication over newsprint shortage and price escalation caused by the country’s all-time worst foreign exchange crisis. The Island, an English daily along with its sister Sinhala paper Divayina, ceased to print as the newsprint scarcities and price escalations hit the media organisation. [...]
Lakmé Salon is ready to set big beauty trends for 2022, at FDCI X Lakmé Fashion Week
Backstage Heroes from Lakmé Salon & Academy will showcase their expert craftsmanship in hair and makeup across over 13 shows at the Atelier MUMBAI, India, March 25, 2022 /PRNewswire/ -- At the on-ground edition of FDCI X Lakmé Fashion Week, Lakmé Salon & Academy, India's leading salon chain, partners with over 13 promising new designers [...]
Celebrating 5 Years In India, Lexus Launches Buyback Promise Scheme And Loyalty Program Under The Lexus Life Umbrella
BANGALORE, India, March 25, 2022 /PRNewswire/ -- Celebrating 5 successful years in India, Lexus India today announced the launch of its new Buyback Promise program starting with the ES 300h and a Loyalty program under the 'Lexus Life', umbrella. Lexus commenced operations in India in 2017, with the commitment of providing amazing experiences to its [...]
NCLT orders insolvency proceedings against Supertech Ltd over Rs 432 crore default
New Delhi, Mar 25 (PTI) Real estate developer Supertech Ltd on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on more than 10,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank [...]
Sunteck Realty case: Sebi reduces penalties on five entities
New Delhi, Mar 25 (PTI) Markets regulator Sebi on Friday imposed penalties totalling more than Rs 3.8 crore on seven entities, including six individuals, for carrying out circular trades in the shares of Sunteck Realty Ltd. The total penalty imposed on five entities is lower than the amount slapped on them through an order passed [...]
Anil Ambani resigns as director of RPower, RInfra
Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company. "Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI (Securities and Exchange Board of India) interim order," Reliance [...]
Airtel to acquire Vodafone’s 4.7% stake in Indus Towers for Rs 2,388 cr
Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing. The transaction will be executed at a price of Rs 187.88 per share. "...pursuant to the above referred agreement dated February 25, 2022 entered inter alia into between [...]
TN commercial taxes dept clocks all-time high in revenue generation
Chennai, Mar 25 (PTI) The commercial taxes and registration department in Tamil Nadu has achieved the all-time highest in terms of revenue generated during the 2021-22 financial year, the state government said on Friday. Minister for Commercial Taxes and Registration P Moorthy, in an official release, said the revised budget estimate for 2021-22 was fixed [...]
ASPHL looks to run 50 hotels by 2024
Indore, Mar 25 (PTI) Hospitality player Apeejay Surrendra Park Hotels (ASPHL) is planning to raise its number of hotels from 27 to 50 by 2024, a senior official said on Friday. "At present we are running 27 hotels and by 2024 we will raise the numbers to 50. We are also looking towards small towns [...]
Govt did not raise taxes to fund economic recovery, focussed on capex: FM
New Delhi, Mar 25 (PTI) Finance Minister Nirmala Sitharaman on Friday said that unlike several developed nations, the Modi government did not raise taxes to fund the recovery of the COVID-hit economy and focussed on raising public expenditure on infrastructure as it has a multiplier effect. While replying to a discussion on the Finance Bill [...]
Aatmanirbhar Bharat initiative to boost industry, yield results in 5-7 years: Mahindra Group CEO
Mumbai, Mar 25 (PTI) The government's initiatives like 'Aatmanirbhar Bharat' and 'Make in India' will provide a strong boost to the industry and are expected to yield results in the next 5-7 years, a senior Mahindra Group official said on Friday. "The world has changed a lot, more so in the last couple of years and [...]
Audi India plans to develop market by bringing in more products
Kolkata, Mar 25 (PTI) German luxury car maker Audi plans to develop the market in India by bringing in more products and expanding the network across the country, an official of Audi India said on Friday. Head of Audi India Balbir Singh Dhillon said that the company, part of the Volkswagen Group, presently assembles four [...]
Emami acquires Dermicool brand from Reckitt for Rs 432 cr
New Delhi, Mar 25 (PTI) Home grown FMCG major Emami on Friday said it has acquired the 'Dermicool' brand from the British multinational consumer goods company Reckitt for a total consideration of Rs 432 crore, expanding its play into the prickly heat and cool talc category.The acquisition, post the consolidation of Dermicool with Emami's own [...]
NCLT orders insolvency proceedings against Supertech Ltd over Rs 432 crore default
New Delhi, Mar 25 (PTI) Real estate developer Supertech on Friday was declared bankrupt by the National Company Law Tribunal (NCLT), a move that could have a bearing on 25,000 home buyers of the firm's ongoing projects in the Delhi and NCR region. Acting on a petition filed by the Union Bank of India for [...]
Delhi airport expects to connect to over 60 global destinations after resumption of overseas flights
New Delhi, Mar 25 (PTI) DIAL, the operator of the airport in the national capital, expects to connect to over 60 international destinations after regular overseas flights resume this month. After remaining suspended for over two years in the wake of the coronavirus pandemic, scheduled international commercial flights will resume on March 27. The Indira [...]
Retro amendment to prevent misuse of cess, surcharge deduction claims under I-T provisions: FM
New Delhi, Mar 25 (PTI) Finance Minister Nirmala Sitharaman on Friday said the retrospective amendments relating to claiming deduction for cess and surcharge is aimed at preventing misuse of the provision, especially by those who have treated it as exemptions or business expenditures.The Finance Bill had proposed retrospective disallowance of deduction for surcharge or cess [...]
Emirates to resume pre-pandemic service frequency to India from Apr 1
Mumbai, Mar 25 (PTI) As India is set to recommence scheduled international flight services from March 27, which remained suspended for the last two years, Gulf carrier Emirates on Friday announced it re-introduce its pre-pandemic service frequency across its destinations in the country from April 1. Prior to the pandemic hitting the country in March [...]
230 CISF commandos take over security of Reliance Jio World Centre in Mumbai
New Delhi, Mar 25 (PTI) The CISF on Friday took over security of the Reliance Group-promoted Jio World Centre in Mumbai with the induction of about 230 armed personnel who will provide the mega business and entertainment facility a counter-terrorist cover. The paramilitary force said in a statement issued in Delhi that it will provide [...]
Sanjay Kumar is new head of IGL
New Delhi, Mar 25 (PTI) Gas industry expert Sanjay Kumar on Friday took over as the new managing director of Indraprastha Gas Ltd - India's largest CNG distribution company. "Kumar, a Mechanical Engineer from IIT Kharagpur and an MBA, brings to IGL a rich domain experience of over 34 years in the gas sector during [...]
Mahindra & Mahindra to auction Thar NFTs on March 29
New Delhi, Mar 25 (PTI) Mahindra & Mahindra (M&M) on Friday announced foraying into the Non-Fungible Token (NFT) market, becoming the first Indian automotive company to enter the space. NFTs are at the forefront of blockchain technology, and have captured the interest of the digitally savvy and constantly connected generation. Mahindra's initial NFT offerings, to [...]
491 charging stations installed as on Mar 1 under FAME
New Delhi, Mar 25 (PTI) As many as 491 charging stations have been installed as of March 1 this year under the two phases of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) scheme, Parliament was informed on Friday. As per information received from the Ministry of Petroleum and Natural Gas, a [...]
Strong domestic economy to help weather global shocks, says economist
New Delhi, Mar 25 (PTI) A strong domestic economy would help reduce the negative external impact of the Russia-Ukraine conflict, high input costs and disruptions in supply chain, eminent economist Shashanka Bhide said on Friday. Bhide further said that growth in stable employment and household income would be the basis for the recovery in consumption spending. "The (Russia-Ukraine) [...]
Bengal creating enabling ecosystem for investments: WBIDC Chairman
New Delhi, Mar 25 (PTI) West Bengal is creating an ecosystem for industries to invest, and by relaxing compliance requirements it has made it easier for businesses to put in their capital, a senior state government official said on Friday. In the run up to the Bengal Global Business Summit to be held from April [...]
Unemployment rate higher in urban areas compared to rural areas in Delhi: Eco Survey
New Delhi, Mar 25 (PTI) Urban areas in the national capital recorded higher unemployment rate compared to rural pockets, according to the Delhi Economic Survey, 2021-22. The survey was tabled in Delhi Assemby on Friday. During the July 2019-June 2020 period, the estimated unemployment rate in Delhi was at 8.7 per cent while the employment [...]
ED attaches Sena MLA Pratap Sarnaik’s assets in NSEL case
New Delhi, Mar 25 (PTI) The ED on Friday said it has attached assets worth Rs 11.35 crore of Shiv Sena MLA Pratap Sarnaik in a money laundering case linked to the National Spot Exchange Limited (NSEL). The federal probe agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attachment [...]
LS passes Finance Bill; completes budgetary exercise for FY23
New Delhi, Mar 25 (PTI) The Lok Sabha on Friday approved the Finance Bill, which gives effect to new taxation, thus completing the Budgetary exercise for 2022-23 fiscal.The Finance Bill was approved by the Lower House after accepting 39 official amendments moved by Finance Minister Nirmala Sitharaman and rejecting the amendments proposed by the opposition [...]
Govt blocked 1,311 web links in 2022: MoS IT
New Delhi, Mar 25 (PTI) The government blocked 1,311 web links under the IT Act in 2022, Parliament was informed on Friday. Of these, 1,264 links were blocked by the Ministry of Electronics and IT (Meity) and 47 links by the Information and Broadcasting Ministry in the current year. Minister of State for Electronics and [...]
Bengal creating enabling ecosystem for investments: WBIDC Chairman
New Delhi, Mar 25 (PTI) West Bengal is creating an ecosystem for industries to invest, and by relaxing compliance requirements it has made it easier for businesses to put in their capital, a senior state government official said on Friday. In the run up to the Bengal Global Business Summit to be held on April [...]
Agri, processed food products exports at USD 21.5 bn in Apr-Feb FY22
New Delhi, Mar 25 (PTI) India's agricultural and processed food products exports have touched USD 21.5 billion in April to February this fiscal, the commerce ministry said on Friday. The ministry said that rice exports have crossed USD 8.67 billion during the same period. Moreover, the outbound shipments of wheat have reached USD 1.74 billion [...]
Indian airline operators expected to add 120 new aircraft/year: Scindia
Hyderabad, Mar 25 (PTI) Expressing optimism about the civil aviation sector bouncing back following a difficult phase due to COVID-19 pandemic, Union Civil Aviation Minister Jyotiraditya Scindia on Friday said Indian airline operators are expected to add 110 to 120 new aircraft every year in the days to come. Speaking at the inaugural session of [...]
SpiceJet, Boeing, institute forge ties for eco-friendly aviation fuel
Hyderabad, Mar 25 (PTI) SpiceJet, Boeing and CSIR-Indian Institute of Petroleum (IIP) on Friday announced that they are working together to explore opportunities for the use of sustainable aviation fuel (SAF) in the Indian aviation industry. The coordination is part of their commitment to help reduce carbon emissions to achieve environmental goals, a press release [...]
RBI releases framework for geo-tagging of payment system touch points
Mumbai, Mar 25 (PTI) Reserve Bank of India (RBI) on Friday released the framework for geo-tagging of payment system touch points to ensure proper monitoring of the availability of payment acceptance infrastructure. Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers. [...]
Airbus partners with Airlift Global for chopper ambulance service in India
Hyderabad, Mar 25 (PTI) Aircraft-maker Airbus on Friday said it has signed a memorandum of understanding (MoU) with Airlift Global, a company backed by UK-based AUM Capital, to develop helicopter emergency medical service (HEMS) and associated air medical service in India. The MoU was signed at the ongoing Wings India 2022 here by Sunny Guglani, [...]
Sebi penalises three individuals for violations in Titan share trades
Markets regulator Sebi on Friday imposed penalties on three individuals for violation of insider trading norms in the shares of Titan Company Ltd during the April 2018 to March 2019 period when they were designated employees. A fine of Rs 1 lakh each has been imposed on G S Saravanan, Ashik M P and V [...]
Emami acquires Dermicool brand from Reckitt for Rs 432 cr
FMCG major Emami on Friday said it has acquired the 'Dermicool' brand from Reckitt for a total consideration of Rs 432 crore. The acquisition is funded through internal accruals and is subject to the customary closing conditions, the company said in a statement. The Dermicool brand is popular for providing respite from the prickly heat [...]
BMW India to hike vehicle prices by up to 3.5% from April
New Delhi, Mar 25 (PTI) Luxury carmaker BMW India on Friday said it will increase prices of its entire model range by up to 3.5 per cent from April 1 to offset the impact of rise in input costs. The price increase will be brought into effect to adjust the material and logistics costs, impact [...]
Does Airtel have what it takes to become a telecom leader in India?
Telecom operator Bharti Airtel on Friday said that it has paid ₹8815 crores to the government. This was a part prepayment of deferred liabilities pertaining to spectrum acquired in the 2015 auction, the instalments for which are due in FY2027 and FY2028, the company said in a statement. "These liabilities carried an interest rate of [...]
Kalyan Jewellers strengthens retail footprint, opens 25th store in TN
Chennai, Mar 25 (PTI) Noted jewellery retailer Kalyan Jewellers on Friday strengthened its retail footprint with a new outlet inaugurated in neighbouring Chengalpet district, the company said on Friday. The retail store is the jewellers' 25th outlet in Tamil Nadu, 124th in the country and 154th store globally. "...we are delighted to announce the launch [...]
Adani highest bidder for West Bengal’s Tajpur deep-sea port
Kolkata, Mar 25 (PTI) India's largest private port operator Adani Ports and SEZ (APSEZ) Ltd has emerged as the highest bidder for the West Bengal government's greenfield deep-sea port project at Tajpur in a neck-to-neck fight with JSW Group, a source said on Friday.APSEZ and Sajjan Jindal-led JSW Group were the only two entities that [...]
Sugar exports may rise 7% to 75 lakh tonnes in 2021-22
India's sugar export is estimated to rise by 7 per cent to 75 lakh tonnes in 2021-22 marketing year ending September, the government said in the Rajya Sabha on Friday. In a written reply to the Rajya Sabha, Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti said: "As a result of various [...]
Over 13 lakh deposit-refund cases pending with BSNL for surrendered landline connections: Govt
New Delhi, Mar 25 (PTI) Over 13 lakh cases pertaining to the refund of deposits for the surrendered landline connections are pending with Bharat Sanchar Nigam Ltd (BSNL) as on January 2022, and 1.4 lakh such cases are due with Mahanagar Telephone Nigam Ltd (MTNL), the Parliament was informed on Friday.Main reasons for the pendency [...]
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