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Smallcap stock jumps 5% after signing MoU worth ₹1,000 Cr with Govt. of Rajasthan
Smallcap stock engaged in designing, manufacturing, and supplying heat exchangers and related thermal solutions jumped upto 5 percent in the day’s trade upon signing an MoU worth Rs. 1,000 Crores with the Government of Rajasthan. Price Action With a market capitalization of Rs. 2,780 Crores, the shares of KRN Heat Exchanger and Refrigeration Limited were [...]
Navratna stock jumps 6% after receiving order worth ₹1,726 Cr from Govt. of Goa
The shares of this navratna company jumped 6.2 percent from the intraday high after the company received a prestigious work order from the Government of Goa, valued at Rs 1,726 crore. With a market capitalization of Rs 24,813.00 crore, the shares of NBCC (India) Ltd were trading at Rs 91.90 per share, increasing around 4.49 [...]
Green energy stock jumps 7% after company’s net profit increases by 80% QoQ
The shares of the wind turbine generator manufacturer gained up to 7 percent after the company’s net profit and revenue magnified by 80 percent YoY and 97 percent QoQ, respectively in Q2FY25. Inox Wind Ltd has a market capitalization of Rs 28,090.24 crore, the shares were trading at Rs 215.45 per share, increasing around 6.13 [...]
Vijay Kedia stock jumps 8% after receiving order worth ₹410 Cr for power project
Stock held by Vijay Kedia, engaged in diverse business activities related to hydro-mechanical equipment, Hydro Projects, Pumped Storage Projects, real estate, power developments and many more jumped upto 8 percent in the day’s trade upon receiving work order worth Rs. 410 Crores Price Action With a market capitalization of Rs. 1,524 Crores, the shares of [...]
Stock jumps 5% after company’s board announces 9:1 bonus issue
The shares of the gold jewelry manufacturer gained up to 5 percent after the company board approved the issue of bonus shares in the ratio of 9:1. Sky Gold Ltd has a market capitalization of Rs 4,896.27 crore, the shares of Sky Gold Ltd were trading at Rs 3,341.25 per share, decrease around 3%, as [...]
3 Fundamentally strong stocks to buy in this bear market for return of up to 50%
Fundamentally strong stocks are those that exhibit robust financial health, characterized by stable earnings, low debt levels, strong management, and competitive advantages. These stocks are typically seen as safer investments, especially during market downturns, such as the current situation in the Indian stock markets. In the context of a downturn in the Indian stock markets, [...]
Realty stock in which Goldman Sachs bought fresh stake in Q2
The Indian real estate business is expected to surpass $1 trillion in market size by 2030, as reported by Financial Express. The first half of 2023 saw $3.9 billion in investments and a 68% year-on-year increase in home sales. By 2025, it is projected to contribute 15% of India's GDP, demonstrating its economic importance. With [...]
4 Small cap stocks that can benefit from data center boom In India
India's data centre industry is set for a major transformation, driven by rapid digitalization and rising demand for data storage. The market is projected to reach $5 billion by the end of 2024, with significant capacity growth expected from domestic and international investments. This expansion offers opportunities for small-cap stocks to capitalise on the growing [...]
Financially strong stocks under ₹200 held by Ashish Kacholia to add to your watchlist
Ashish Kacholia, a well-known name in the Indian stock market, is recognized for his strategic investments in small-cap and micro-cap stocks. Often labelled as an "ace investor," Kacholia has earned a reputation for spotting undervalued companies with substantial growth potential. Here are a few stocks owned by Ashish Kacholia under Rs.200 with strong financials. DU [...]
Tata group stocks in which FIIs have increased their stake by 3%; Do you own any?
The Tata Group is a multinational conglomerate and one of India's largest and oldest industrial groups, with interests spanning various sectors including steel, automotive, information technology, chemicals, hospitality, and many others. Tata Group is known for its emphasis on ethical business practices, corporate social responsibility, and a strong commitment to community development, with significant contributions [...]
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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
Ascendas to buy warehouse project in Navi Mumbai for Rs 215 cr
New Delhi, Mar 24 (PTI) Ascendas India Trust (a-iTrust) on Thursday said it will buy 0.33 million square feet warehouse project in Navi Mumbai for Rs 215 crore. Ascendas Property Fund Trustee Pte Ltd, the trustee manager of a-iTrust said in a statement it has entered into definitive agreements for the proposed acquisition of all [...]
Employment rose by 22 pc in 7 years since 2013-14, says Bhuepender Yadav
New Delhi, Mar 24 (PTI) Employment in the country has increased by 22 per cent in the past seven years since 2013-14, as per the survey reports of labour bureau, Union Labour Minister Bhupender Yadav told Parliament on Thursday. The minister also told the House that according to the Periodic Labour Force Survey (PLFS), unemployment [...]
BYJU’S named as official sponsor of FIFA World Cup Qatar 2022
New Delhi, Mar 24 (PTI) Ed-tech company BYJU’S on Thursday said it has been named as an official sponsor of the FIFA World Cup Qatar 2022. BYJU’S, through this partnership, will leverage its rights to the FIFA World Cup 2022 marks, emblem, and assets, and run unique promotions to connect with football fans around the [...]
Affordability, access to seamless finance aiding sale of used cars: CARS24
New Delhi, Mar 24 (PTI) Affordability and easy access to finance is helping sales of used car grow across the country, according to a report by the leading e-commerce platform for pre-owned vehicles CARS24. First edition of the 'Future of Mobility 2022' report expects the segment to grow further all across the country. The report [...]
FinMin proposes amendments to Fin Bill; seeks to tighten norms for cryptocurrency taxation
New Delhi, Mar 24 (PTI) The government on Thursday proposed to tighten the norms for taxation of cryptocurrencies by disallowing set off of any losses with gains from other virtual digital assets. As per the amendments to the Finance Bill, 2022, circulated among the Lok Sabha members, the ministry proposes to remove the word 'other' [...]
Funds of educational trust siphoned off for personal gain of promoters: I-T dept
New Delhi, Mar 24 (PTI) The Income Tax department has found that a substantial amount of funds of an educational trust run by a group that owns schools and colleges in India and abroad has been "siphoned off" for the personal benefit of its promoters, the CBDT said on Thursday.The searches were conducted on March [...]
NTPC commissions additional 42.5MW capacity at Ramagundam floating solar project
New Delhi, Mar 24 (PTI) State-run power giant NTPC has made commercially operational an additional 42.5 MW of power generation capacity at Ramagundam floating solar project in Telangana from Thursday. Earlier the company had commissioned 17.5 MW (Part-I) and 20 MW (Part-II) of the Ramagundam floating solar project. With the addition of 42.5MW, the total [...]
LS passes demands for grants, authorises govt to withdraw Rs 122.43 lakh cr from Consolidated Fund
New Delhi, Mar 24 (PTI) The Lok Sabha on Thursday passed the Demands for Grants and Appropriation Bill 2022, authorising the government to withdraw Rs 122.43 lakh crore from the Consolidated Fund of India for its working as well as implementation of programmes and schemes for the fiscal beginning April 1. This completes two-thirds of [...]
Centre to procure excess stocks of raw rice from Telangana: Goyal
New Delhi, Mar 24 (PTI) Union Food Minister Piyush Goyal on Thursday assured that the Centre will procure excess stocks of raw rice from Telangana as per the quality specified by the Food Corporation of India. The assurance came from Goyal after a delegation of TRS leaders met Goyal in Parliament over the issue of [...]
SBI ties-up with 5 housing finance cos to further affordable loans to unserved
New Delhi, Mar 24 (PTI) The country's largest lender State Bank of India (SBI) on Thursday said it has entered into co-lending agreements with five housing finance companies to serve the underserved and unserved borrowers. The five housing finance companies (HFCs) are: PNB Housing Finance, IIFL Home Finance, Shriram Housing Finance, Edelweiss Housing Finance, and [...]
People who would indulge in wrongdoing will be punished: Goyal
New Delhi, Mar 24 (PTI) People indulging in wrongdoing will be punished as there is no law in the country to protect either big industrialists or politicians, Commerce and Industry Minister Piyush Goyal told Parliament on Thursday. Responding to the debate on the Demands for Grants of the Commerce and Industry Ministry in the Lok [...]
JSW Energy board appoints Pritesh Vinay as Director (Finance)
New Delhi, Mar 24 (PTI) The board of JSW Energy has approved the appointment of Rajeev Sharma as an additional and independent director, and Pritesh Vinay as an additional and whole-time director (finance), the company said on Thursday. The company's board, at its meeting held on Thursday, approved the appointment of Rajeev Sharma as an [...]
India’s 2022 GDP growth downgraded to 4.6% due to ongoing war in Ukraine: UN report
United Nations, Mar 23 (PTI) India's projected economic growth for 2022 has been downgraded by over two per cent to 4.6% by the United Nations, a decrease attributed to the ongoing war in Ukraine, with New Delhi expected to face restraints on energy access and prices, reflexes from trade sanctions, food inflation, tightening policies and [...]
Par panel expresses concern over fall of farmers’ income in few states between 2015-16 and 2018-19
New Delhi, Mar 24 (PTI) A parliamentary panel on Thursday said the Union Agriculture Ministry is far from ensuring doubling the income of farmers and pointed out that incomes have rather fallen in some states like Jharkhand, Madhya Pradesh, Nagaland and Odisha between 2015-16 and 2018-19. The committee has recommend the ministry to form a [...]
Joshi urges GSI to reduce time for submitting mineral exploration reports
New Delhi, Mar 24 (PTI) Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi on Thursday urged Geological Survey of India to reduce timeframe for the submission of mineral exploration reports. The minister asked Geological Survey of India (GSI) to complete survey and preparation of report in a year using latest technologies, the Mines [...]
EESL, BEE ink pact to demonstrate energy efficiency projects in industrial units
New Delhi, Mar 24 (PTI) State-owned Energy Efficiency Services Ltd has inked a pact with Bureau of Energy Efficiency to demonstrate Energy Efficiency Projects (DEEP) in industrial units, under the PAT (Perform Achieve Trade) scheme. The agreement has been signed to improve energy efficiency in the industry through demonstration of energy efficient technologies. The Bureau [...]
Rupee rises 6 paise to 76.33 against US dollar
Mumbai, Mar 24 (PTI) The rupee appreciated 6 paise to close at 76.33 against the US dollar in a restricted trade on Thursday, as investors assess the global economic impact of the Russia-Ukraine conflict amid elevated global crude oil prices to find a decisive direction.A weak trend in domestic equities and strengthening US dollar in [...]
Neuberg Diagnostics becomes official diagnostic partner for CSK
Chennai, Mar 24 (PTI) Neuberg Diagnostics, a leading pathology lab chain, has been appointed as an official diagnostic partner for IPL teams Rajasthan Royals, Chennai Super Kings, and Punjab Kings for the forthcoming edition of the league. This is the second year the IPL has partnered with Neuberg Diagnostics as its diagnostic partner and has [...]
Lok Sabha passes demands for grants for 2022-23, completes two-thirds budgetary exercise
New Delhi, Mar 24 (PTI) The Lok Sabha on Thursday passed the Demands for Grants and Appropriation Bill 2022, authorising the government to withdraw funds from the Consolidated Fund of India for its working as well as implementation of programmes and schemes for the fiscal beginning April 1. This completes two-thirds of the budgetary exercise [...]
Authorities have issued over 1.98 cr traffic challans worth Rs 1,898.73 cr in 2021: Gadkari
New Delhi, Mar 24 (PTI) Authorities have issued over 1.98 crore challans worth Rs 1,898.73 crore for traffic violations across the country in the 2021 calendar year, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said 2,15,328 cases of road rage and [...]
Airtel demos 5G scope; recreates Kapil Dev’s iconic 175-run inning from ’83 World Cup
New Delhi, Mar 24 (PTI) Telecom operator Bharti Airtel on Monday showcased the possibilities of 5G era, as it harnessed immersive video technology using the next generation network, to recreate in-stadia experience of Kapil Dev's legendary 175-run inning from the 1983 cricket World Cup. Airtel also demonstrated a live 5G-powered hologram as the legendary cricketer's [...]
NEWSALERT
Lok Sabha passes demands for grants for 2022-23 after applying guillotine. PTI JD CS JD BAL BAL
Kerala CM says SilverLine proj good for state; terms Opposition protests as political conspiracy
New Delhi, Mar 24 (PTI) Amid intense Opposition protests against the ambitious SilverLine semi-high speed rail project, Kerala Chief Minister Pinarayi Vijayan on Thursday asserted that the project will be good for the state and will create thousands of job opportunities. Claiming that there are political conspiracies and fake narratives being spread against the project, [...]
Motherson Sumi bags order from Boeing to manufacture and supply molded polymer parts
Auto components major Motherson on Thursday said it has bagged an order from Boeing to manufacture and supply aftermarket molded polymer parts for commercial airplane interiors. This is the first order for Motherson from Boeing and will commence from the third quarter of FY23. It will be produced at a plant situated in Noida, the [...]
PKH Ventures files draft papers for IPO with Sebi
New Delhi, Mar 24 (PTI) PKH Ventures, a construction and hospitality firm, has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The public issue comprises fresh issuance of 1.826 crore equity shares and an Offer For Sale (OFS) of 0.983 crore shares by its promoter, according [...]
SBI Chairman Flags off Mobile Medical Unit Project
Mumbai, Maharashtra, India (NewsVoir) State Bank of India’s Chairman, Shri Dinesh Khara flagged off “SBI Sanjeevani-Clinic on Wheels”, a mobile medical unit project at State Bank Bhavan, Mumbai. A batch of 5 such Mobile Medical Units were flagged off to provide primary healthcare services in the States of Arunachal Pradesh, Bihar, Haryana, Madhya Pradesh & [...]
Veranda Learning Solutions IPO to open on March 29; fixes price band of Rs 130-Rs 137 per equity share
Veranda Learning Solutions on Thursday said it has fixed price band of Rs 130-137 per equity share of face value of Rs 10 each for its forthcoming initial public offering scheduled to begin from March 29. The offer consists of equity shares of face value of Rs 10 each of the issuer aggregating up to [...]
How is Vodafone Idea planning a bounce-back? Can it rise again?
In 20-21, Vodafone Idea lost over ₹ 120 crores per day and had shown annual losses of Rs 46,000 crore. The company is expected to raise funds from its promoters — the Vodafone Group and the Aditya Birla Group.It is trying out avenues of monetization like Vi games that offer free as well as paid games. [...]
KleanMail, an AI-Driven Email Validation Tool Creates Buzz Even Before Its Launch
Pune, Maharashtra, India – Business Wire India KleanMail is a flagship product developed by the pioneers and global players in AI, Advanced Analytics and MarTech space, Comsense Technologies Ltd. KleanMail is an Email Validation Tool that is quick, secure and nearly 99% accurate. The product, in its Beta version and initial deployments has already created [...]
Union Cooperation Ministry schemes must safeguard federal structure: Par Panel
New Delhi, Mar 24 (PTI) A parliamentary panel has welcomed the Centre's decision to create a separate Ministry of Cooperation to strengthen cooperative movement but cautioned that "utmost prudence" should be exercised while chalking out programmes at the national level so that federal features of the country are not "impinged upon".The Standing Committee on Agriculture, [...]
Rs 11,276 cr loss due to less water injection by ONGC: CAG
New Delhi, Mar 24 (PTI) India lost 3.8 million tonnes of crude oil worth Rs 11,276 crore in four years due to less than planned water injection by ONGC in its western offshore fields, the Comptroller and Auditor General of India (CAG) said. Oil and Natural Gas Corporation's (ONGC) aging Mumbai High, Neelam and Heera [...]
De Panache’s Survey Finds out the Creative Ways to Dazzle New Homeowners
Bangalore, Karnataka, India – Business Wire India De Panache surveyed to find out what makes the best interiors in Bangalore and found out using natural materials like natural stones wood with beautiful wall cladding imported from all over the world makes all the difference in having a truly unique designer home. An experienced interior designer [...]
Welspun India forays into mattress business
New Delhi, Mar 24 (PTI) Home textiles major Welspun India on Thursday announced its foray into the mattress category under its home linen brand SPACES. The company said it has launched 'SPACES Matchress' with a variety of offerings on the back of extensive market research as an extension of its home wellness offerings. Manjari Upadhye, [...]
Docked cargo vessel capsizes partly in Kolkata
Kolkata, Mar 24 (PTI) A vessel loaded with 165 containers partly capsized at Netaji Subhas Dock of the Kolkata port on Thursday, an official said. No casualty was reported in the incident, though a number of containers have sunk. The matter is being investigated. The vessel, M/V Marine Trust 1, was scheduled to travel to [...]
Knight Aerospace, Rossell Techsys to provide solutions for cargo aircraft conversion
Mumbai, Mar 24 (PTI) Knight Aerospace and Rossell Techsys have partnered to provide quick-change, roll-on roll-off palletised solutions for cargo aircraft conversion, a release said on Thursday. The cargo conversion systems consist of VIP/economy seating, bio-medical containment modules, patient airlift, airborne critical care, and various additional systems. Rossell Techsys, the aerospace and defense division of [...]
Federal Bank, RBIH partner to advance digital financial inclusion for women
Mumbai, Mar 24 (PTI) Private sector lender Federal Bank has teamed up with Reserve Bank Innovation Hub, a subsidiary of the central bank, as scale up partner for the second phase of Swanari TechSprint programme.The programme is aimed at advancing digital financial inclusion for women in India and to create digital solutions for bridging the gender [...]
IIFL Home Fin ties-up with SBI for affordable housing loans under co-lending model
New Delhi, Mar 24 (PTI) IIFL Home Fin has entered into a strategic co-lending partnership with State Bank of India to accelerate effective and affordable credit to small home buyers in the country. IIFL HFL, a digital-first home finance company, has signed an agreement with SBI for co-lending of priority-sector home loans. "This is SBI’s [...]
Khadi sales touch Rs 3,030 cr till Dec 2021
New Delhi, Mar 24 (PTI) Khadi sales stood at Rs 3,030 crore as of December 31, 2021, against Rs 3,527.71 crore in FY21, Parliament was informed on Thursday.In a written reply to the Lok Sabha, Minister of State for MSME Bhanu Pratap Singh Verma said the ministry has taken several steps to boost the sale [...]
Mukunda Foods raises USD 5 mn from Zomato, others
New Delhi, Mar 24 (PTI) Food robotics and automation firm Mukunda Foods on Thursday said it has raised USD 5 million (over Rs 35 crore) in a funding round led by Zomato. The fresh round of funding takes the company's post-money valuation to USD 30 million, Mukunda Foods said in a statement. The company further said [...]
Netcore acquires 90% stake in US-based Unbxd for USD 100 mn, plans IPO in a year
New Delhi, Mar 24 (PTI) Software-as-a-service firm Netcore has acquired 90 per cent stake in artificial intelligence-based product discovery platform Unbxd for USD 100 million to enhance its customer experience technology solutions, a senior company official said on Thursday. Netcore Cloud group CEO Kalpit Jain told PTI that the company is looking to come up [...]
Invesco supports Zee-Sony merger deal; not to pursue EGM call to remove ZEEL MD
Investment firm Invesco Developing Markets Fund, the largest shareholder in Zee Entertainment Enterprises, on Thursday said it will support the Zee-Sony merger deal and has decided not to pursue the call for ZEEL EGM to remove Managing Director and CEO Punit Goenka and two independent directors. Zee Entertainment Enterprises Ltd (ZEEL) has also welcomed the [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MARCH 24 (PTI) MUMBAI BULLION :- OPENING CLOSEING SILVER SPOT (IN RS PER KILO) : 67770.00 67864.00 STANDARD GOLD (99.5) : 51570.00 51611.00 PURE GOLD (99.9) : 51777.00 51818.00 -------------------- PTI MUM SSBSSB SSB
Tata Motors and PPS Motors Join Hands to Launch their First Dealership in Chennai
Expands its network footprint by adding the 19th Tata Motors’ dealership in Tamil Nadu Chennai, Tamil Nadu, India (NewsVoir) Tata Motors, in partnership with PPS Motors has inaugurated a new state-of-the-art dealership at Pallikarnai - in the city of Chennai. With this new facility, the company aims to extend its presence and build a strong [...]
Pratt & Whitney setting up India Capability Centre in Bengaluru
Hyderabad, March 24 (PTI): Pratt & Whitney is setting up a world class global supply chain support centre- India Capability Centre in Bengaluru, a senior official of the aircraft engine maker said on Thursday. Sandeep Sharma, director, India operations, supply chain, Pratt & Whitney Canada, said the new centre will initially recruit about 160 aerospace [...]
Authorities have issued over 1.98 cr traffic challans worth Rs 1,898.73 cr in 2021: Gadkari
New Delhi, Mar 24 (PTI) Authorities have issued over 1.98 crore challans worth Rs 1,898.73 crore for traffic violations across the country in the 2021 calendar year, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said 2,15,328 cases of road rage and [...]
CAMSRep unveils policy holder traceability solution
Chennai, Mar 24 (PTI) Computer Age Management Solutions Insurance Repository Services Ltd (CAMSRep) on Thursday said it has launched a deep contact tracing facility to assist insurance companies in addressing their issue of unclaimed amounts. CAMSRep claimed they have launched an industry first PolicyGenie Deep Contact Tracing product -- an efficient and cost-effective solution leveraging [...]
Tameemi Foods, A Brand New Launch by NSR Group Emphasis on ‘Copper Controlled Roasting Technology – CCR’ in South Indian Breakfast Menus
Kochi, Kerala, India (NewsVoir) The organized breakfast market in South India has a new entrant with Tameemi Foods. NSR Group of companies having its headquarters at Inkel Business Park, Angamaly has recently launched its new food brand Tameemi Foods specializing in South Indian Breakfast products. The Kerala based corporate group, which has made a name [...]
JK Tyre brings puncture guard technology in tyres for four-wheelers
New Delhi, Mar 24 (PTI) JK Tyre & Industries on Thursday said it has come up with the country's first puncture guard technology in tyres for four-wheelers. The technology, with specially engineered self-healing elastomer inner coat, applied inside the tyres through an automated process, heals the punctures. The company plans to build in the technology [...]
FlyBig to get 10 Otter Series planes
Hyderabad, Mar 24 (PTI): FlyBig, the newest scheduled commuter airline of India, on Thursday said it has signed a letter of intent to acquire up to 10 aircraft of De Havilland Canada Twin Otter Series 400 to serve small and remote regions. FlyBig operates commercial flights to destinations in the North-East, South, and Central under [...]
Maruti’s Bhargava brushes aside concerns on EV project; says there’s nothing against shareholders
New Delhi, Mar 24 (PTI) Brushing aside concerns raised by proxy advisory firm IiAS on Suzuki's investment in the EV project, Maruti Suzuki Chairman RC Bhargava on Thursday asserted that there was nothing in it against the interest of the company and its shareholders as it is part of an earlier arrangement.Countering the criticism from [...]
Bank of Maharashtra raises Rs 290 cr via AT1 bonds
New Delhi, Mar 24 (PTI) Public sector lender Bank of Maharashtra (BoM) on Thursday said it has raised Rs 290 crore by issuing Basel III compliant bonds. The bank issued Basel III compliant additional tier 1 (AT1) bonds of Rs 290 crore, including green shoe option of Rs 40 crore, on Wednesday at a coupon [...]
Guv Das inaugurates Reserve Bank Innovation Hub (RBIH) in Bengaluru
Mumbai, Mar 24 (PTI) RBI Governor Shaktikanta Das on Thursday inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru, set up with an initial capital contribution of Rs 100 crore to encourage and nurture financial innovation. The Hub has an independent Board with Senapathy (Kris) Gopalakrishnan as the Chairman and other eminent persons from industry [...]
India needs 2,210 new aircraft in next 20 years, says Airbus
Hyderabad, March 24 (PTI): With a buoyant aviation market, India needs 2,210 new aircraft over the next two decades, a senior official of Airbus said on Thursday. Brent McBratney, head of (airline marketing-India and South Asia) Airbus, said the fleet could comprise 1,770 new small and 440 medium and large aircraft. “This is what we [...]
SmartDukaan Set to Transform the Indian Mobile and Electronics Retail Industry by Re-inventing its Unorganized Markets
Delhi | NCR, India (NewsVoir) SmartDukaan, a technology-driven direct to retail network committed to bridge the gap between organized urban mobile & electronics retail market and the unstructured sector. It is set to bring millions of retailer’s & consumers dreams to reality across the country. With its vast experience in retail and distribution sectors, the [...]
EKI, Shell float JV for nature based solutions
EKI Energy Services Ltd and Shell Overseas Investments B.V. on Thursday floated a joint venture company for nature-based solutions in India to reduce greenhouse gas emissions. "EKI Energy Services Ltd (EKI) and Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc, have joined hands to develop Nature-based Solutions (NBS) in India," a company [...]
IOC, BPCL, HPCL lost USD 2.25 bn in revenue due to fuel price freeze: Moody’s
India's top fuel retailers IOC, BPCL and HPCL together lost around USD 2.25 billion (Rs 19,000 crore) in revenue for keeping petrol and diesel prices on hold during elections in five states, including Uttar Pradesh, Moody's Investors Services said on Thursday. State fuel retailers did not revise petrol and diesel rates for a record 137 [...]
Karnataka CM Launches Grama Digi Vikasana – a Digital Literacy Program by Dell Technologies in Partnership with Sikshana Foundation
Bengaluru, Karnataka, India – Business Wire India • ‘Grama Digi Vikasana’ program is a Digital literacy initiative to enable gram panchayats with easy access to digital and internet services across Karnataka • The program was launched by Hon’ble Chief Minister of Karnataka, Shri Basavaraj Bommai and Alok Ohrie, President and Managing Director, Dell Technologies India [...]
Fact Protocol, a Web3 Fact-Checking System, Joins the Content Authenticity Initiative
Bangalore, Karnataka, India – Business Wire India Today, Fact Protocol announced that it has joined the Content Authenticity Initiative (CAI) to contribute to the CAI’s efforts in adopting the industry standard for digital content attribution. Adobe announced the launch of CAI in 2019 along with The New York Times Company and Twitter to combat mis/disinformation [...]
People who would indulge in wrongdoing will be punished: Goyal
New Delhi, Mar 24 (PTI) People indulging in wrongdoing will be punished as there is no law in the country to protect either big industrialists or politicians, Commerce and Industry Minister Piyush Goyal told Parliament on Thursday. Responding to the debate on the Demands for Grants of the Commerce and Industry Ministry in the Lok [...]
Aiming to make Patanjali & Ruchi Soya No. 1 FMCG firm in 5 years: Ramdev
New Delhi, Mar 24 (PTI) The combined annual turnover of Patanjali Ayurved group and its subsidiary Ruchi Soya is around Rs 35,000 crore and the target is to become India's number one food, FMCG and agriculture company in the next five years, Baba Ramdev said at a press conference on Thursday. He also announced that [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, MAR 24 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 805.00 COPPER HEAVY SCRAPS 794.00 COPPER ARMATURE (CREDIT) 780.00 COPPER UTENSILS SCRAP 720.00 CC ROD 855.00 BRASS :- BRASS SHEET CUTTING 577.00 BRASS UTENSIL SCRAP 544.00 BRASS HONEY 517.00 ALUMINIUM :- ALUMINIUM UTENSIL [...]
Women Transforming India Award Given To 75 Women Achievers : Swati Pandey, CEO of Arboreal Bioinnovations Also In The List
Swati Pandey, Co-Founder and CEO of Arboreal Bioinnovations Pvt. Ltd. has received the Women Transforming India (WTI) Award, 2021. The event was organised on 21st March, 2022 by NITI Aayog’s Women Entrepreneurship Platform (WEP). The WTI Awards were conferred on 75 women achievers to celebrate their contribution towards a ‘Sashakt Aur Samarth Bharat’. It was [...]
Colliers India appoints Kanchana Krishnan as MD Chennai
New Delhi, Mar 24 (PTI) Colliers India on Thursday said it has appointed Kanchana Krishnan as Managing Director Chennai, as part of its strategy to expand the business.In November, Colliers India CEO Ramesh Nair had told PTI that the company will hire at least 1,000 employees in 2022 and launch two new services to expand [...]
CBI probe in over Rs 21,000 cr bank fraud cases pending for consent from 5 non-BJP ruled states
New Delhi, Mar 24 (PTI) The Central Bureau of Investigation (CBI) has not been able to start probe in over Rs 21,000 crore worth bank fraud cases in want of consent by five non-BJP ruled states including Maharashtra, West Bengal and Chhattisgarh in the last three years, the Rajya Sabha was informed on Thursday. Out [...]
PEPPER COPRA CLOSING
MUM PEPPER COPRA CLOSING RATE MUMBAI, MAR 24 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 98000 COPRA OFFICE KOZIZODE 96000 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1720 T.P ------------------ PTI MUM [...]
AAI received Rs 13,439 cr revenue from Delhi, Mumbai airports in five years: Govt
New Delhi, Mar 24 (PTI) State-owned Airports Authority of India (AAI) received revenues worth around Rs 13,439 crore from Delhi and Mumbai airports in the last five financial years, according to the civil aviation ministry. Under Public Private Partnership (PPP), Delhi and Mumbai airports were handed over to the private partners in 2006. "During the [...]
Pratt & Whitney setting up India Capability Centre in Bengaluru
Hyderabad, March 24 (PTI): Pratt & Whitney is setting up a world class global supply chain support centre- India Capability Centre in Bengaluru, a senior official of the aircraft engine maker said on Thursday. Sandeep Sharma, managing director, India operations, Pratt & Whitney Canada, said the new centre will initially recruit about 160 aerospace analysts [...]
OILSEEDS PRICES
MARCH 24,2022 MUMBAI, (PTI) OILS (per 10 Kgs) OILS (per 10 Kgs) G.Nut Raw 1585.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1750.00 Sunflower Exp.Ref. 1825.00 Cottonseed(Refined) 1550.00 Refined Palm Oil 1485.00 Soyabean Ref. 1510.00 Imp.Soyabean Crude - Rapeseed Ref. 1510.00 Rapeseed Exp. 1480.00 Copra white 1540.00 Rice Bran 4-7% FFA - Rice Bran [...]
Hyundai Motor India Foundation sets up largest oxygen generation plant at Chennai hospital
Chennai, Mar 24 (PTI) Hyundai Motor India Foundation, the philanthropic division of automobile major Hyundai Motor India, on Thursday inaugurated a 550 litre per minute oxygen generation plant, the largest facility set up by the foundation, in the city. The plant with a capacity to serve oxygen requirement of 150 beds, would help meet the [...]
Investments worth Rs 36,000 cr planned for greenfield airports under PPP mode: Singh
New Delhi, Mar 24 (PTI) Investments worth Rs 36,000 crore have been planned for development of greenfield airports under the public private partnership mode, Union minister V K Singh said on Thursday and also cited "highly price-sensitive customers" and high taxes on jet fuel as major challenges faced by the country's civil aviation sector. In [...]
Guar gum futures fall on low demand
New Delhi, Mar 24 (PTI) Guar gum prices on Thursday fell by Rs 45 to Rs 11,314 per five quintals in the futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for April delivery fell by Rs 45 or 0.40 [...]
Guar seed futures decline on low demand
New Delhi, Mar 24 (PTI) Guar seed prices on Thursday went down by Rs 39 to Rs 6,129 per 10 quintals in the futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery were trading at Rs 6,129, down by Rs 39 or 0.63 per cent, per 10 quintals with [...]
Sanctions on Russia may result in impairment losses for ONGC, others: Moody’s
New Delhi, Mar 24 (PTI) Indian companies' value of investments in Russia's oil and gas fields could be impaired as import bans and international sanctions may constraint future cash flow generating capacity, Moody's Investors Service said Thursday.Oil and Natural Gas Corporation (ONGC), Oil India Ltd (OIL), Indian Oil Corporation (IOC) and Bharat Petroleum Corporation Ltd [...]
Cognex Launches DataMan 280 Series Fixed-Mount Barcode Readers
Premium decoding technology in a compact form factor NEW DELHI, March 24, 2022 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the leader in industrial machine vision, introduces the DataMan® 280 series fixed-mount barcode readers. The DataMan 280 is engineered to solve a broad range of ID applications, including tough 1D, 2D, and Direct Part Mark (DPM) code [...]
Nepal adopts India’s UPI for digital transactions
New Delhi, Mar 24 (PTI) Nepal has adopted the unified payment interface developed by India for digital transactions, a government periodical said in its latest edition. Earlier this year, Bhutan also launched a BHIM-UPI based payment service for digital transactions, as per the article tweeted by PIB on Thursday. "Many countries praised the CoWin app, [...]
boAt opens Cash On Delivery for the first time ever after partnering with GoKwik: Boosts sales by 2x
NEW DELHI, March 24, 2022 /PRNewswire/ -- boAt (Parent Company- Imagine Marketing Ltd.), India's #1 ranking among the wireless hearables brands (in terms of volume over multiple quarters from 2019 to the second quarter of the financial year 2022) has opened cash on delivery option for its customers for the first time on its D2C [...]
New Website on Vedanta Launched on the Inaugural Day of the 5th Global Bhagavad Gita Convention
Thrissur, Kerala, India (NewsVoir) Bhoomananda Foundation launched its new website on Vedanta during the 5th Global Bhagavad Gita Convention, inaugurated by the Hon'ble Vice President of India, Shri M. Venkaiah Naidu, on 19th February 2022. The theme of the Global convention, attended by thousands of participants from more than 50 countries, was "Mental Harmony, The [...]
Intain, the Blockchain Company Managing More Than USD 4 Billion in Assets on Its Platform, Demonstrates There Is More to Blockchain Than Crypto and NFTs
Blockchain is Maturing and Traditional Financial Institutions are taking notice Chennai, Tamil Nadu, India – Business Wire India Intain Inc., a leading provider of blockchain-enabled structured finance platform for issuers and investors to connect in an efficient, secure and trusted way, announced today that more than $4 billion (about INR 30,000 Crores) of deals are [...]
DeepTek’s AI Powered TB Screening Solution Plays an Important Role in Combating TB
Mumbai, Maharashtra, India – Business Wire India World TB Day is observed on March 24 each year to raise public awareness and understanding about one of the world's deadliest infectious killers. India has the world's largest tuberculosis epidemic. In 2020, India accounted for 26% of TB cases globally with an incidence rate of 192 cases [...]
Hindalco shares soar for six straight sessions; BoA securities set higher targets
Shares of Hindalco Industries Limited are now quoting at ₹ 625.50 apiece as the share price increased by 2.5%. The stock has been up for the sixth straight session today. Hindalco Industries is a constituent of Nifty Metal which is up 1.71% at 6,509.30 points. This stock has given multi-bagger returns of 581%, as it [...]
Hisashi Takeuchi to take over as MD and CEO of Maruti Suzuki from April 1
The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said it has appointed Hisashi Takeuchi as the new Managing Director and CEO with effect from April 1, 2022. The company's board in its meeting held on Thursday, appointed Takeuchi as the Managing Director and CEO from April 1, consequent to the completion of the [...]
MG Motor India introduces digital car finance platform MG ePay
New Delhi, Mar 24 (PTI) Automaker MG Motor India on Thursday introduced its one-stop digital car finance platform, MG ePay. The MR ePay will provide an end-to-end online auto finance journey with almost instant approvals while offering seamless, customised, and instant financing solutions from a consortium of leading banks, the company said in a statement. [...]
Ruchi Soya hits capital market to raise Rs 4,300 cr; to become debt-free
New Delhi, Mar 24 (PTI) Baba Ramdev-led Patanjali Ayurved-owned Ruchi Soya on Thursday hit the capital market to raise Rs 4,300 crore through its follow-on public offer (FPO) as it aims to become a debt-free company.The issue closes on March 28. The price band has been fixed at Rs 615 to Rs 650 per share.Addressing [...]
NEWSALERT
Maruti Suzuki appoints Hisashi Takeuchi as the new Managing Director and CEO with effect from April 1, 2022: Company statement. PTI MSS DRR
Crude oil futures gain on spot demand
New Delhi, Mar 24 (PTI) Crude oil prices on Thursday rose by Rs 33 to Rs 8,764 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 33 or 0.38 per cent to Rs 8,764 per barrel in 8,922 [...]
OYO delists hotel from its platform for allegedly denying reservation to J&K man
New Delhi, Mar 24 (PTI) Hospitality firm OYO has taken off from its platform the hotel, which allegedly denied reservation to a man from Jammu and Kashmir, according to a social media post by the company. Responding to a purported viral video on social media that shows a man allegedly being denied reservation in the [...]
EaseMyTrip opens retail office in Dubai
New Delhi, Mar 24 (PTI) Online travel platform EaseMyTrip on Thursday said it has opened a retail office in Dubai to cater to the growing B2C retail segment under its international expansion strategy.Located in the Bur Dubai area, the retail office will house a team of the company's travel experts to guide customers in planning [...]
BULLION OPENING RATE
BULLION OPENING RATE MUMBAI, MARCH 24 (PTI) MUMBAI BULLION :- OPENING SILVER SPOT (IN RS PER KILO) : 67770.00 STANDARD GOLD (99.5) : 51570.00 PURE GOLD (99.9) : 51777.00 -------------------- PTI MUM SSBSSB SSB
Vikram Solar files draft papers with SEBI to raise funds via IPO
New Delhi, Mar 24 (PTI) Vikram Solar has filed draft papers with markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of up to Rs 1,500 crore and an Offer-for-Sale (OFS) of up to 5,000,000 equity shares by the [...]
NEWSALERT
Russian stock market resumes trading under heavy restrictions after 26-day shutdown following invasion of Ukraine, reports AP. PTI VM VM
PEPPER COPRA RATE
MUM PEPPER COPRA OPENING RATE MUMBAI, MAR 24 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 98000 COPRA OFFICE KOZIZODE 96000 COPRA RAJAPUR MUMBAI 18500 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1720 T.P ------------------ PTI MUM [...]
Four firms qualify to avail PLI benefits for advanced chemistry cell battery storage
Four companies - Rajesh Exports, Hyundai Global Motors Company, Ola Electric Mobility and Reliance New Energy - are eligible for receiving benefits under the production-linked incentive (PLI) scheme for advanced chemistry cell battery storage, the heavy industries ministry said on Thursday. The allotment was made for a total of 50 GWh of battery capacity to [...]
4 Auto stocks to buy and hold for the next 12 months – 5paisa
The Indian stock markets had opened higher on Wednesday but closed lower due to losses led by auto stocks and financials. The Nifty Auto index closed 1.04% lower at 10463.45 points, dragged by Maruti Suzuki, M&M, and the Tube Investments of India. 5paisa has cut EPS estimates for the Auto OEM pack to factor in [...]
Tridhya Intuit has been announced a winner at ICT Grand Challenge by the Ministry of Electronics and Information Technology (MeitY) in partnership with the National Jal Jeevan Mission, Government of India
Amrit , a smart IoT-based system for water supply measurement and real-time monitoring of the quality and quantity of potable water has been successfully installed and implemented in 25 villages in Gujarat, Rajasthan, Uttar Pradesh, and Ladakh AHMEDABAD, India, March 24, 2022 /PRNewswire/ -- Tridhya Intuit has been awarded a winner at ICT Grand Challenge [...]
BluePi secures Indian patent for a System and Method for forecasting demand for a retail organisation
GURGAON, India, March 24, 2022 /PRNewswire/ -- BluePi Consulting, an established player in data-driven solutions, for the retail sector, today, announced it has secured the Patent by the Indian Patent Office – Government of India for a System and Method for forecasting Demand for a Retail Organisation. This Patent is for the term of 20 [...]
SBI EXCHANGE RATE
SLUG: DIRECT EXCHANGE RATES SBI BCM – ESPL/ECO/COM MUMBAI,MARCH 24,2022 (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 75.63 77.13 75.57 77.29 EUR/INR 82.51 85.36 82.45 85.52 GBP/INR 99.19 102.36 [...]
Jacqueline Fernandez Appointed Brand Ambassador for Lotus Herbals Safe Sun
New DVC on Sun Protection New Delhi, Delhi, India (NewsVoir) India's leading natural beauty care company Lotus Herbals has appointed the gorgeous Bollywood actress Jacqueline Fernandez as the brand ambassador for its Lotus Herbals Safe Sun brand of advanced sun protection products. As the face of the brand, Jacqueline will appear in a new DVC [...]
RBI MONEY MARKET OPERATION
Date : Mar 24, 2022 Money Market Operations as on March 23, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 505,520.91 3.51 0.01-3.90 I. Call Money 7,708.10 3.30 2.00-3.70 II. Triparty Repo 370,028.80 3.51 3.20-3.61 III. Market Repo 127,784.01 3.52 0.01-3.90 [...]
India needs over 2000 new aircraft in next 20 years-Airbus
Hyderabad, March 24 (PTI) Backed by buoyant aviation market, India needs 2210 new aircraft over the next two decades, a senior official of Airbus said on Thursday. The fleet could comprise 1770 new small and 440 medium and large aircraft, Head of Airline Marketing India and South Asia, Airbus, Brent McBratney said. He also said [...]
SEBI refuses to disclose NSE inspection reports under RTI
The Securities and Exchange Board of India has refused to disclose under the RTI Act its inspection reports since 2013 related to functioning of the National Stock Exchange which is mired in controversy resulting from the market regulator's damning report on alleged irregularities in the functioning of the bourse's former chiefs. Denying the information, SEBI [...]
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