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Chemical stock with ₹1,000Cr capex plan in EVs and energy storage systems
According to Invest India, India's electric vehicle (EV) market is rapidly expanding, with sales reaching 1.75 million units in FY 2024, a significant increase of 80% from the previous year. The cumulative EV sales have surpassed 4.1 million units, driven primarily by electric two-wheelers, which represent over 55% of the market share. With a market [...]
EMS stocks that have significant dependency on the Chinese market
As India and China navigate the balance between diplomacy and potential conflict, Indian businesses are actively seeking to reduce their dependency on Chinese products and investments. Additionally, the China Plus One strategy has emerged as a pivotal approach for multinational corporations (MNCs) looking to diversify their supply chains beyond China. This strategy aims to mitigate [...]
Small cap stock with strong future growth potential to keep on your radar
The household appliances industry in India is projected to reach USD 75 billion in revenue by 2023, with expectations of a 5.5% CAGR from 2024 to 2029. With over 1.3 billion people, urbanization and rising disposable incomes are driving demand for innovative and smart appliances, transforming daily life across the country. With a market capitalization [...]
Stocks to Watch: 5 Stocks that will trade ex-dividend next week
Dividends represent a portion of a company's profits distributed to its shareholders as a reward for their investment. These regular payments provide investors with a steady income stream and signal a company's financial health and stability. Understanding dividend policies and trends is crucial for investors seeking income and long-term wealth accumulation. Here are the five [...]
Market Leaders stocks that are boosting the EV sector to look out for
India's electric vehicle (EV) market is undergoing significant transformation, marked by rapid growth and evolving challenges. The market is projected to witness a compound annual growth rate (CAGR) of approximately 35 percent from 2023 to 2032. This surge is driven by increasing government support, rising environmental awareness, and advancements in battery technology, positioning India as [...]
4 Stocks in which Mukul Agrawal bought fresh stake of up to 6.5% in Q2
Ace investors are renowned individuals who have achieved significant success in the stock market through their investment strategies and portfolios. The decisions and portfolio moves of these ace investors can significantly influence stock prices and market sentiment. As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 55 stocks with a net worth of [...]
3 PSU stocks in which Mutual Funds have increased their holdings by up to 4%
The total assets under management (AUM) for the mutual fund industry reached nearly Rs. 67.1 trillion in September 2024, reflecting a 0.6 percent month-on-month increase. This growth was primarily driven by an increase in equity funds, which rose by Rs. 1,074 billion, balanced funds by Rs. 167 billion, and other ETFs by Rs. 159 billion. [...]
Mukul Agrawal stock jumps after winning contracts worth ₹1,203 Cr for civil construction
Shares of this leading EPC and turnkey solutions provider rose 2.4 percent after winning civil construction contracts worth Rs. 1,203 crore from Signatureglobal (India) Limited in Gurugram, Haryana. Share price variations: With a market capitalization of Rs. 2,901.07 crores, Capacite Infraprojects Ltd. rose to an intraday high of Rs. 343.90 representing a 2.4 percent increase [...]
Smallcap stock jumps 6% after company’s net profit increases by 1,150% QoQ
During Friday’s trading session, the shares of this small-cap stock surged by 6.3 percent at Rs. 114.6 on BSE, after the company reported Q2 FY25 results with a rise in the net profit of around 1150 percent QoQ and 25 percent YoY. With a market cap of Rs. 1,387 crores, the shares of Texmaco Infrastructure [...]
Realty stock in focus after reporting 824% QoQ increase in net profits
Realty stock engaged in developing real estate comprising residential, commercial, and industrial projects in focus upon declaring robust Q2FY25 results with a 824 percent jump in Net Profits. Price Action With a market capitalization of Rs. 3,544 Crores, the shares of Arvind Smartspaces Limited were trading at Rs. 778 per equity share, down 4.65 percent [...]
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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
Ather Energy partners HDFC Bank, IDFC First Bank to offer retail finance for its e-scooter
Mumbai, Mar 24 (PTI) Electric two-wheeler maker Ather Energy on Thursday said it has partnered with HDFC Bank and IDFC First Bank to offer retail finance for its e-scooters.The collaboration will allow Ather Energy customers to avail instant loans from the two private lenders at low-interest rates and with a maximum LTV (Loan-to-value), a release [...]
Film and New Media Degree with Scholarships Launched by the Jindal School of Journalism and Communication
Sonipat, 24 March, 2022: The Jindal School of Journalism and Communication (JSJC), O.P. Jindal Global University (JGU), an "Institution of Eminence" as recognised by the Government of India is admitting students to its new B.A. (Hons) Film and New Media Programme. This innovative programme offers courses on art history, cinematography, direction, screenwriting, film appreciation, video [...]
Medical Imaging Gets an Upgrade with Carestream Health India’s New Product, Lux 35 Detector: A Glass-Free Cesium Detector
MUMBAI, India, March 24, 2022 /PRNewswire/ -- Carestream Health India has launched its first cesium glass-free medical detector in India. The Carestream Lux 35 Detector is a lightweight, glass-free wireless detector ergonomically designed with the comfort of patients and radiographers in mind. The introduction of the Lux 35 Detector is an illustration of Carestream's commitment [...]
DBS Foundation supports Social Enterprises in India to create impact in areas of Environmental Sustainability and Social Inclusion
MUMBAI, India, March 24, 2022 /PRNewswire/ -- DBS Foundation, with its continuous focus on sustainability, has awarded grants to three Indian Social Enterprises through its Social Enterprise Grant Programme. The Social Enterprises that have been awarded grants this year are working towards diverse social impact areas. Recity Network focuses on sustainable waste management, Trestle Labs [...]
ValueLabs was identified as a Contender in ISG’s Provider Lens™ evaluation for Managed Container Services & Solutions study for 2021, for the US and European markets
HYDERABAD, India, March 24, 2022 /PRNewswire/ -- ISG has named ValueLabs a Product Challenger for its excellence in Managed Container Services. In its report, ISG cited ValueLabs' product versatility, its extensive partnership network, and its highly skilled workforce. Key highlights mentioned by ISG include: 1. Product versatility: Simplicity and innovation are the major differentiators of [...]
RavenDB, one of the world’s most innovative NoSQL Database, is expanding its presence in India with the hiring of a Local Government and Database Sector’s Expert to drive growth
NEW DELHI, March 24, 2022 /PRNewswire/ -- Hibernating Rhinos Ltd., the company behind RavenDB, is proud to announce the appointment of Shashank Thapliyal as their Regional Sales Manager in India. Hibernating Rhinos Ltd is excited to have Shashank come on board and help them explore the important Indian IT and SW market. His mission will [...]
Ghodawat Realty enters Mumbai with the launch of Ghodawat Skystar residences
MUMBAI and KOLHAPUR, India, March 24, 2022 /PRNewswire/ -- Ghodawat Realty (GRL), the real estate arm of Sanjay Ghodawat Group (SGG), marks its entry in the heart of Mumbai's - Goregaon West with the launch of Ghodawat Skystar residences. With a strong focus on converting houses into luxurious and spacious homes, GRL has constructed and [...]
InfoVision hives off its Product Incubation Lab – Digit7
Bangalore, Karnataka, India – Business Wire India • Digit7 to focus on products and platforms across AI/ML, AR/VR, Drone, Blockchain, Robotics and IoT/5G • Mr. Chithrai Mani named as its CEO InfoVision Inc, a leading global digital services company announced the launch of Digit7 as an independent entity. Digit7 was incubated by InfoVision with [...]
Rossell Techsys and Knight Aerospace Team Up to Deliver New Solutions
- Offering Next Generation Air Transportable Galley/Lavatory (NG-ATGL), Aeromedical and VIP Modular Solutions and Palletised Seating Systems for the Indian Aerospace Market . BANGALORE, India, March 24, 2022 /PRNewswire/ -- Knight Aerospace and Rossell Techsys have teamed up to provide quick-change roll-on/roll-off palletised solutions for cargo aircraft conversion including next generation air transportable galley/lavatory (NG-ATGL), [...]
Zomato Vs Swiggy: Who has an advantage in this rivalry?
The Indian food delivery industry which is expected to breach the $10 billion GMV (Gross Merchandise Value) by 2025 is going through a major shift in strategy as Swiggy and Zomato are targeting a new segment that could eventually dictate their market share. Currently, both of them have a market share of 45% each and [...]
BitKeep Swap, the multi-chain wallet, hits 5 Million in Transactions
SINGAPORE, March 23, 2022 /PRNewswire/ -- BitKeep - Asia's leading decentralized multi-chain wallet, is pleased to announce its multi-chain wallet has reached five million in transaction volume. The average daily swap transaction amount on BitKeep's multichain swap hit $20M while Metamask, Ethereum-based leading wallet's all-time-high stands at $40M. With an ecosystem of multiple blockchains such [...]
Top Names in Indian Golf Come Together with Ballantine’s Golf Championship
Ballantine’s Golf Championship features India’s first Mixed Pro Golf Tournament New Delhi, Delhi, India (NewsVoir) With the promise of many firsts in the Indian Golf Circuit, Ballantine’s, from the house of Pernod Ricard, teed off the Ballantine’s Golf Championship recently. The ongoing championship that has footprints across 11 major cities in India is witnessing participation [...]
Ruchi Soya raises Rs 1,290 cr from anchor investors
Ruchi Soya Industries on Wednesday said it has raised Rs 1,290 crore from anchor investors ahead of its follow-on public offering (FPO). The FPO of Ruchi Soya Industries, which is owned Baba Ramdev-led Patanjali Ayurved, is opening public subscription on Thursday to raise up to Rs 4,300 crore. The closing date is March 28, 2022. [...]
Mindset of revenue authorities continues to be unfriendly at times: ICEA chairman
New Delhi, Mar 23 (PTI) More needs to be done for improving ease of doing business, especially change in the mindset of revenue authorities which continue to be unfriendly at times, a top official of mobile phone industry body said on Wednesday. During a panel discussion at Convergence India, India Cellular and Electronics Association (ICEA) [...]
BJP, Congress spar in Gujarat Assembly over revised PPA with Adani Power
Gandhinagar, Mar 23 (PTI) Members of the ruling BJP and the opposition Congress on Wednesday engaged in a heated debate in the Gujarat legislative Assembly over the issue of a revised power purchase agreement signed by a state-run utility with Adani Power.Congress MLAs raised anti-BJP slogans in the House and accused the ruling party of [...]
Indigenous 4G, 5G tech to be deployed in BSNL network by August 15: C-DoT official
New Delhi, Mar 23 (PTI) A TCS-led consortium with C-DoT has developed indigenous 4G and 5G network technologies which will be deployed in BSNL network by August 15, a top official of the government-run telecom research firm, said on Wednesday. Speaking at the Convergence India event, Centre for Development of Telematics (C-DoT) Executive Director Rajkumar [...]
Tata’s Nelco, Omnispace sign pact for direct-to-device satcom in South Asia
New Delhi, Mar 23 (PTI) Tata group satellite services firm Nelco and US-based Omnispace have signed a strategic cooperation agreement to enable and distribute 5G non-terrestrial network, direct-to-device satellite services. This agreement with Omnispace will allow Nelco to expand its services by including 5G satellite direct-to-device connectivity solutions to its portfolio of satcom services for [...]
India exports cross USD 400 bn milestone in FY22
New Delhi, Mar 23 (PTI) The country's exports for the first time crossed the USD 400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according to the commerce ministry's data released on Wednesday. The merchandise exports rose by by 37 per cent to [...]
ICAI opposition to proposal to penalise firms for partners’ misconduct unfounded: Par Panel
New Delhi, Mar 23 (PTI) A Parliamentary panel on Wednesday termed as "unfounded" chartered accountants' apex body ICAI's opposition to the proposal to penalise firms for repeated misconduct of its partners and also endorsed the changes proposed by the government with respect to the constitution of disciplinary committees. In its report on 'The Chartered Accountants, [...]
CCI clears Blackstone, TPG buying stakes in Busybees Logistics
New Delhi, Mar 23 (PTI) Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. Busybees is engaged in the business of providing logistics and delivery solution services in the country under the brand name 'Xpressbees'. In separate releases on Wednesday, CCI said it has [...]
Triveni Turbine arm to acquire 70 pc stake in S African firm TSE Engineering
New Delhi, Mar 22 (PTI) Triveni Turbine on Wednesday said that its arm Mis Triveni Turbines DMCC has inked an agreement to acquire 70 per cent equity of TSE Engineering in South Africa for 11.9 million South African rand (around Rs. 6.17 crore). "Our wholly-owned subsidiary Mis Triveni Turbines DMCC has signed an agreement for [...]
Business briefs
Zomato dissolves its step down subsidiary in Canada * New Delhi, Mar 23 (PTI) Online food delivery platform Zomato on Wednesday said it has dissolved its step down subsidiary located in Canada. Zomato Canada Inc., a step down subsidiary of Zomato, has been dissolved with effect from March 22, 2022, the company said in a [...]
Nepal and India organise global entrepreneurship conclave to support start-ups
Kathmandu, Mar 23 (PTI) The governments of Nepal and India on Wednesday organised the third edition of an international entrepreneurship conclave here to support innovative start-ups. The conclave was inaugurated by Minister for Information and Communication Gyanendra Bahadur Karki, who was also the chief guest. India’s Ambassador to Nepal Vinaya Mohan Kwatra was also present. [...]
CBIC issues guidelines for scrutiny of GST returns for FY18, FY19
New Delhi, Mar 23 (PTI) The Central Board of Indirect Taxes & Customs (CBIC) has issued a standard operating procedure for the scrutiny of GST returns for financial years 2017-18 and 2018-19, the first two years of the roll-out of the new taxation regime. "Till the time a module for online scrutiny of returns is [...]
Commerce ministry to extend foreign trade policy for some more months
New Delhi, Mar 23 (PTI) The commerce ministry will extend the existing foreign trade policy (FTP) for some more months beyond March 31, Union minister Piyush Goyal said on Wednesday. Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came [...]
Rishi Sunak sets out UK’s Spring Budget amid high inflation
London, Mar 23 (PTI) Chancellor of the Exchequer Rishi Sunak tabled the UK’s Spring Statement, or the country’s one of two annual fiscal statements, on Wednesday amid high inflation and price rises and announced measures such as a drop in the basic rate of income tax, a cut in fuel duty and doubling support for [...]
LS members voice concern on raids on industrialists
New Delhi, Mar 23 (PTI) NCP leader Supriya Sule on Wednesday slammed the government over the raids by investigating agencies on industrialists and claimed that several restrain themselves from speaking openly about issues bothering them."Industry has to be supported, but actually they do live in fear. Everyday you read about somebody getting raided," she said, [...]
Challenges due to Russia-Ukraine war may lead to some disruptions in trade: Goyal
New Delhi, Mar 23 (PTI) The government is in continuous dialogue with exporters to address the problems and challenges that are emerging due to the ongoing Russia-Ukraine war and could lead to some kind of disruption in trade, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that there are challenges of commodity [...]
Singhi Advisors taps talents from Tata Capital, TechM, KPMG for leadership roles
Mumbai, Mar 23 (PTI) Investment banking firm Singhi Advisors has hired senior executives from Tata Capital, Tech Mahindra and KPMG for various leadership positions to strengthen its teams at Delhi and Mumbai offices. While Himanshu Parmar has been roped in from Tata Capital's private equity division as a director in the Mumbai head office, Satyaroop [...]
Banks share in industrial credit plunges to 34% in FY21, says report
Mumbai, Mar 23 (PTI) Domestic banks' share in the overall commercial credit has plunged to a low of 34 per cent in FY2021 from 56 per cent in FY2011 partly due to the pandemic and more because companies are moving away from banks for funds, says a report. The share of non-banks in the commercial [...]
Study shows 23.8% of children use smartphones while in bed, 37.15% losing concentration: MoS IT
New Delhi, Mar 23 (PTI) Around 23.8 per cent of children use smartphones while they are in bed before going to sleep and 37.15 per cent of children have experienced reduced levels of concentration due to smartphone use as per a study, Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev [...]
Virat Kohli invests in startup Rage Coffee
New Delhi, Mar 23 (PTI) Packaged coffee products maker Rage Coffee on Wednesday said it has secured funding from former Indian cricket team captain Virat Kohli, who has also been roped in as its brand ambassador. The city-based startup, however, did not disclose the amount of investment made by Kohli.The company said it plans to [...]
270 notices sent to e-tailers for breaching country-of-origin norm: Choubey
New Delhi, Mar 23 (PTI) The government has issued 270 notices since January 2021 to e-commerce players for violation of provisions related to country of origin, and over Rs 56 lakh have been collected as compounding fees from such online companies, Parliament was informed on Wednesday. In a written reply to the Lok Sabha, Minister [...]
No proposal at present to supply edible oils at subsidised rates to consumers: Govt
New Delhi, Mar 23 (PTI) The government on Wednesday said it currently has no proposal to supply edible oils at subsidised rates to consumers.In a written reply to the Lok Sabha, Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti said: "At present, there is no proposal by the Union Government to supply [...]
Misinformation Combat Alliance to help curb spread of misinformation
New Delhi, Mar 23 (PTI) To curb the spread of misinformation through targeted interventions and activities, ten organisations have together launched the Misinformation Combat Alliance (MCA).The organisations come from the fields of fact-checking, media, technology and public relations. They include Factly, Fact Crescendo, Newschecker, People Like Us Create (PLUC), Tattle, Vishvas New, Youth Ki Awaaz, [...]
CreditAccess Grameen to raise up to Rs 1,500 cr through public issue of bonds
New Delhi, Mar 23 (PTI) Microfinance lender CreditAccess Grameen Limited (CAGL) on Wednesday said it will raise up to Rs 1,500 crore through a public issue of bonds. The board of directors has considered and unanimously approved "the proposal of raising funds through public issue of Non-Convertible Debentures (NCDs) in domestic market up to Rs [...]
Trade unions give call for nationwide strike on March 28-29
New Delhi, Mar 23 (PTI) A joint forum of central trade unions has given a call for a nationwide strike on March 28 and 29, to protest against government policies affecting workers, farmers, and people. The Joint Platform of central trade unions held a meeting in Delhi on March 22, 2022, to take stock of [...]
Areca nut, coconut prices
Mangaluru, Mar 23 (PTI) Following are areca nut, coconut prices Areca nut (per quintal) Old Supari: Rs 47,000 to Rs 52,000 model Rs 51,000 New Supari: Rs 38,000 to Rs 45,000 model Rs 42,000 Koka: Rs 25,000 to Rs 35,000 model Rs 30,000 Coconut [per thousand]: 1st quality: Rs 18,000 to Rs 20,000 model Rs [...]
Shiprocket launches new service with real-time tracking feature
Mumbai, Mar 23 (PTI) Tech-enabled logistics and fulfillment platform Shiprocket on Wednesday announced the launch of a new service for seamless cross-border shipping across 220-plus countries, including the US, the UK, Germany, Australia. Allowing sellers to take their business to a global audience, the new service, Shiprocket X covers every aspect of the shipping process, [...]
Biocon Executive Chairperson Kiran Mazumdar-Shaw elected as RSE fellow
New Delhi, Mar 23 (PTI) Biocon Ltd Executive Chairperson Kiran Mazumdar-Shaw has been elected as a fellow of the Royal Society of Edinburgh (RSE), Scotland's National Academy, the company said on Wednesday. Mazumdar-Shaw, who is also the Executive Chairperson of Biocon Biologics, will be joining RSE's current fellowship of around 1,700 fellows, the company said [...]
PNB lead bank for newly-formed district in Meghalaya
Mumbai, Mar 23 (PTI) The Reserve Bank has assigned the lead bank responsibility to Punjab National Bank (PNB) for the newly-created district of Meghalaya. The Meghalaya government in a notification on November 9, 2021, had informed about formation of a new district, Eastern West Khasi Hills. It has been decided to assign the lead bank [...]
Rupee falls 24 paise to 76.42 against USD amid surging crude
Mumbai, Mar 23 (PTI) The rupee pared initial gains to settle 24 paise lower at 76.42 against the US dollar on Wednesday, pressured by sell-offs in domestic equities and surging global crude prices amid geopolitical uncertainties.Dollar demand from oil importers and prevailing risk aversion globally added to the woes, forex traders said.At the interbank foreign [...]
Over 10 lakh EVs registered, 1,742 public charging stations operational: Gadkari
New Delhi, Mar 23 (PTI) A total of 10,60,707 electric vehicles were registered in India till last week, while 1,742 public charging stations (PCS) were operational in the country, Parliament was informed on Wednesday. In a written reply in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said electric charging stations are to be provided [...]
Fix My Curls Announces Singer Palak Muchhal as its Brand Ambassador
New Delhi, Delhi, India (NewsVoir) Fix My Curls, an Indian wavy and curly hair care brand dedicated to helping people embrace their natural hair texture, has recently signed playback singer Palak Muchhal as its brand ambassador. The move comes as Fix My Curls looks to strengthen its connection with the youth and shift the narrative [...]
HDFC Bank, Kotak, Axis acquire nearly 8 pc stake each in ONDC
New Delhi, Mar 23 (PTI) Private sector lenders HDFC Bank, Kotak Mahindra Bank and Axis Bank have acquired 7.84 per cent stake each in the open public digital infrastructure framework entity ONDC. All the three banks have invested Rs 10 crore each in the entity. Post investment, HDFC Bank holds 7.84 per cent of the [...]
Covid, Ukraine war ‘setback’ to short-term goals but govt on track to achieve long-term vision: BJP MP
New Delhi, Mar 23 (PTI) The Covid pandemic and the war in Ukraine have caused a "setback" to the short term goals of the NDA government but it is on track to achieve the long-term vision of economic prosperity of the country, BJP MP Shivkumar Udasi said on Wednesday.Participating in the discussion in Lok Sabha [...]
PNB lead bank for newly-formed district in Meghalaya
Mumbai, Mar 23 (PTI) The Reserve Bank has assigned the lead bank responsibility to Punjab National Bank (PNB) for the newly-created district of Meghalaya, the central bank said on Wednesday. The Meghalaya government in a notification on November 9, 2021, had informed about formation of a new district, Eastern West Khasi Hills. It has been [...]
Sebi bars Deccan Chronicle Holdings promoters, 2 others from securities market for up to 2 yrs
Capital markets regulator Sebi has barred the promoters of Deccan Chronicle Holdings Ltd (DCHL) from the securities market for a period ranging from one year to two years as well as imposed penalties totalling Rs 8.20 crore for various violations. The directions passed against them through an order on Tuesday are for fraudulent activities, understatement [...]
State counseling NEET PG Students Blocking up AIQ Mop-Up round with in-hand seats
March 23: Medical Counseling Committee allocates 50% MD/MS seats, total DNB, central, and deemed University seats through 4 rounds. According to the mcc guidelines FAQs, 47 and recently published mcc advisory states that NEET PG students who have already taken admission in their respective States are not allowed to participate in the All India mop-up [...]
Okaya Electric Vehicles crosses 350 dealerships
Mumbai, Mar 23 (PTI) Okaya Power Group's EV arm Okaya Electric Vehicles on Wednesday said it has crossed the 350 dealership-mark within eight months of the launching of the first outlet in the country in July last year. Currently, it has a network of 353 dealerships spread across 23 states and two Union Territories. The [...]
Uber launches advisory council to address drivers’ concerns
New Delhi, Mar 23 (PTI) Uber on Wednesday announced the launch of its first National Driver Advisory Council which will facilitate a two-way dialogue between the ride-hailing company and drivers to address critical issues and improve their platform experience. The initiative will bring drivers' voice to the table through an independent board monitored forum. The [...]
No proposal to hike annual limit under MPLAD scheme for MPs: MOSPI
New Delhi, Mar 23 (PTI) The government is not considering any proposal to hike the annual limit for MPs under the Member of Parliament Local Area Development (MPLAD) scheme, which was last revised in 2011-12, Parliament was informed on Wednesday."The annual limit of MPLAD funds was last revised with effect from the Financial Year 2011-12," [...]
HMSI exports cross 30 lakh unit milestone
New Delhi, Mar 23 (PTI) Honda Motorcycle & Scooter India (HMSI) on Wednesday said it has crossed the cumulative exports milestone of 30 lakh units in its 21st year of operations in the country. The company, which started exports from India started in 2001 with its debut model Activa, said it crossed the first 15 lakh [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MARCH 23 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67004.00 67734.00 STANDARD GOLD (99.5) : 51110.00 51430.00 PURE GOLD (99.9) : 51315.00 51637.00 -------------------- PTI MUM SSBSSB SSB
Cub McPaws raises $2.2M in Pre-Series A round led by Facebook, Google executives
MUMBAI, India, March 23, 2022 /PRNewswire/ -- Cub McPaws (Pochemuchka Kids Pvt Ltd), a tech-driven ecosystem of next-gen kids, has raised a total of $2.2M in Pre-Series A funding from senior executives from Facebook, Google and a few family offices. Existing investors also participated in the current round. Cub McPaws (www.cubmcpaws.com) offers a range of [...]
Air India pushed into losses, disinvestment to protect public money: Scindia
New Delhi, Mar 23 (PTI) Under attack from the opposition over the sale of Air India to Tata Group, Civil Aviation Minister Jyotiraditya Scindia on Wednesday hit back and accused the UPA regime for saddling the then profit-making national carrier with a huge debt burden.Responding to the debate on the Demands for Grants of the [...]
Web3 Community Platform Metasky Brings in USD 1.8 Million Led by Sequoia Capital India, Woodstock Fund
Bangalore, Karnataka, India (NewsVoir) Metasky, a platform aimed at the intersection of Web3 and the creator economy, has raised USD 1.8 million in a pre-seed token sale round led by Sequoia Capital India and Woodstock Fund. Metasky positions itself as a bridge to Web3 - working with influencers, creators, and brands closely to form a [...]
PLI scheme to account for 13-15% capex in key industrial sectors over next 3-4 years: Report
Mumbai, Mar 23 (PTI) Production Linked Incentive (PLI) scheme will account for 13-15 per cent of the average annual investment spending in key industrial sectors over the next three-four years, according to a report by Crisil. Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune [...]
FMC Corporation recognized for contribution to water sustainability
Awarded by TERI-IWA-UNDP at the inaugural Water Sustainability Awards on World Water Day MUMBAI, India, March 23, 2022 /PRNewswire/ -- FMC Corporation, a leading agricultural sciences company, has been conferred a Certificate of Recognition for its exemplary contribution towards water stewardship in India at the inaugural TERI-IWA-UNDP Water Sustainability Awards 2021-22 on World Water Day [...]
Rishi Sunak to set out UK’s Spring Budget amid high inflation
London, Mar 23 (PTI) Chancellor of the Exchequer Rishi Sunak is set to table the UK's Spring Statement, or the country's one of two annual fiscal statements, on Wednesday amid high inflation and price rises. The Indian-origin finance minister has promised a Budget which builds a “stronger, more secure economy” and also supports working families [...]
Hero Electric partners with Kotak Mahindra Bank to offer easy financing solutions
Mumbai, Mar 23 (PTI) Hero Electric said on Wednesday said it has partnered with Kotak Mahindra Prime Ltd (Kotak Prime) to offer easy financing solutions for two-wheelers to its customers.Kotak Mahindra Prime Ltd (KMPL) is a subsidiary of Kotak Mahindra Bank, primarily formed to finance passenger vehicles. The pact will allow Hero Electric customers to [...]
Broking industry set for record Rs 28,000 cr revenue this fiscal; FY23 growth looks muted: Report
Mumbai, Mar 23 (PTI) After a record run in FY2022, when the brokerage industry is set to report over 30 per cent topline growth at around Rs 28,000 crore, the industry is set for a tepid growth next fiscal even though the outlook is stable, says a rating agency report. The market has been on [...]
FSS Technologies inks pact with Qatar Bank
Chennai, Mar 23 (PTI): Integrated payments technology company FSS Technologies has signed a multi-country engagement with the largest financial institution in the Middle-East and Africa - Qatar National Bank (QNB) - to boost its efficiency on the reconciliation operations, the Chennai-based company said on Wednesday. The FSS smart recon and dispute management has been implemented [...]
Bajaj Electricals extends licence pact with Morphy Richards for 15 years
New Delhi, Mar 23 (PTI) Home-grown consumer appliances brand Bajaj Electricals Ltd (BEL) on Wednesday announced the extension of its trademark agreement with the United Kingdom-based Morphy Richards for a further 15 years with effect from July 1, 2022. This licence extension will enable BEL to continue using the trademark Morphy Richards for producing, marketing [...]
Parl panel suggests setting up institutes of accounting
New Delhi, Mar 23 (PTI) A Parliamentary panel on Wednesday suggested setting up of institutes of accounting similar to IITs and IIMs for further development of the accounting and finance profession in the country.Multiple bodies on the lines of advanced countries are required to promote healthy competition, raise the standard and quality of auditing and [...]
40 cr pax traffic by FY24, Rs 1 lakh cr investment lined up in airports: Scindia on aviation revival
New Delhi, Mar 23 (PTI) Civil Aviation Minister Jyotiraditya Scindia on Wednesday said the airline sector is on a revival mode with 3.82 lakh passengers travelling daily by airlines in the last seven days and hoped that the total passenger traffic would rise to 40 crore by 2023-24. The number of air passengers was 14.50 [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES BCM : ESPL/ECO/COM MUMBAI, MAR 23 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 800.00 COPPER HEAVY SCRAPS 788.00 COPPER ARMATURE (CREDIT) 775.00 COPPER UTENSILS SCRAP 715.00 CC ROD 845.00 BRASS :- BRASS SHEET CUTTING 575.00 BRASS UTENSIL SCRAP 540.00 BRASS HONEY 515.00 ALUMINIUM :- ALUMINIUM UTENSIL [...]
Exicom completes installation of 5,000 EV chargers
Mumbai, Mar 23 (PTI) Power solutions provider Exicom has completed the installation of 5,000 EV chargers across 200 cities, making it the biggest EV charging facilitator in the country, the company claimed on Wednesday. The installations include 3,600 AC and 1,400 DC chargers. The company had installed its first EV charging facility at Lodhi Estate, [...]
CSK, TVS Eurogrip unveil new-look jersey for IPL 2022
Chennai, Mar 23 (PTI) IPL franchise Chennai Super Kings owned by cement major The India Cements Ltd on Wednesday unveiled a new-look jersey for the upcoming IPL edition with tyre manufacturer TVS Eurogrip Tyres. TVS Eurogrip is the principal sponsor and the IPL team's jersey carries the TVS Eurogrip branding on the front. CSK captain [...]
No plan under consideration for disinvestment of BSNL: Chauhan
New Delhi, Mar 23 (PTI) The government has no plans for disinvestment of Bharat Sanchar Nigam Ltd (BSNL), Parliament was informed on Wednesday.Minister of State for Communications Devusinh Chauhan in a written reply to the Lok Sabha also asserted that there is no delay or deficiency in services provided by BSNL due to the implementation [...]
Governance Now’s New Chapter ‘Checks and Balances’
Delhi, India (NewsVoir) The debut of 'Checks & Balances' has been announced by Governance Now, a platform for public policy and governance analysis from the Sri Adhikari Brothers (SABGROUP). The program's goal is to bring up issues relating to governance, such as unfinished projects, unmet pledges, or concerns about the country's wellbeing. The program's goal [...]
Power sector workers to observe strike on Mar 28-29
Lucknow, Mar 23 (PTI) Power sector employees across the country will observe a strike on March 28 and 29 in protest against the privatisation policies of the central government, a workers' union leader said on Wednesday. The decision was taken in a meeting of the National Coordination Committee of Electricity Employees and Engineers (NCCOEEE) held [...]
OIL SEEDS PRICES
DEOILED CAKES (per M.T.) G.N.Extr.45% 40000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 37000.00 Rice Bran Extr. - Sunflower Extr. 27500.00 Rapeseed Extr. - Soyameal 48% 61304.00 Castor Extr. 12350.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 7875.00 Gr. Bolds 60/70 8750.00 Gr. Javas 60/70 10150.00 Gr Javas 70/80 10050.00 Gr.Javas [...]
Leading spice maker MDH denies any move to sell business to HUL
Leading spice maker MDH Ltd has refuted the reports of a possible sale of its business to FMCG maker HUL. The reports suggested that MDH promoters are in talks to sell their business to HUL. Terming such reports as "completely false, fabricated and baseless", MDH in a message posted on its official Twitter account urged [...]
AjnaLens and Tata Technologies Create ‘Metaverse’ for Industrial Training, Virtually Teleport Trainees to Job Sites
Mumbai, Maharashtra, India (NewsVoir) • Largest implementation of a VR based trade skilling simulator in the world - Upgraded 150 ITIs across Karnataka • Introducing AjnaXR Station, Phygital (Physical + Digital) VR training solution for skill development Taking a giant leap to bridge the demand for skilled workforce, AjnaLens, Mumbai-based XR hardware and software company, [...]
Thousands of Young People Learn Outside in Bihar on Green Enterprise Internships, Mid-Pandemic. Now They’ve Made a TV Show About It
Mumbai, Maharashtra, India – Business Wire India • Thousands of young people ventured outside to learn enterprise and life skills on Green Enterprise Internships in Bihar even as schools remained closed. • Now, they’ve made a TV show about it. When their schools closed, thousands of young people in Bihar ventured outside to learn entrepreneurial [...]
Max Bupa is now Niva Bupa: Onto higher grounds
GURGAON, India, March 23, 2022 /PRNewswire/ -- Max Bupa Health Insurance Company Limited, one of India's leading standalone health insurance players in India has rebranded itself as Niva Bupa Health Insurance Company Limited. Max Bupa came into being in 2010 as the third standalone health insurance company to be launched in India. It was launched [...]
India imported 651.24 tonnes of gold in fiscal 2020-21
New Delhi, Mar 23 (PTI) India imported 651.24 tonnes of gold in financial year 2020-21 as compared to 719.94 tonnes in the year-ago period, the government said on Wednesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Anupriya Patel said the imports stood at 982.71 tonnes in FY [...]
Parliament approves Rs 1.42 lakh crore budget for J&K
New Delhi, Mar 23 (PTI) Parliament on Wednesday approved the Rs 1.42-lakh-crore budget for the Union Territory of Jammu and Kashmir for 2022-23, with Rajya Sabha returning the relevant bills to the Lok Sabha.The Lok Sabha had passed the bills on March 14.The upper House returned the bills -- The Jammu and Kashmir Appropriation Bill, [...]
Govt puts curbs on exports of hydrofluorocarbons
New Delhi, Mar 23 (PTI) The government on Wednesday imposed curbs on exports of hydrofluorocarbons, used in refrigeration and air-conditioning, to boost domestic availability of the chemical. Exporters will now have to seek permission from the government to export hydrofluorocarbons (HFCs). "Export policy of hydrofluorocarbons has been revised from free to restricted category with immediate [...]
NEWSALERT
100 pc COVID vaccination of eligible population achieved in J&K: FM Nirmala Sitharaman replying to debate on J&K budget in Rajya Sabha. PTI MJH ANZ BAL BAL BAL
PEPPER COPRA CLOSING
MUM PEPPER COPRA CLOSEING RATE MUMBAI, MAR 23 (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 [...]
Fintech startup Credilio raises USD 4 mn
Mumbai, Mar 23 (PTI) Credilio, a startup focused on digital distribution value chain of personal finance products, has raised USD 4 million or around Rs 30 crore in pre-series-A round from a clutch of investors, including Cornerstone Venture Partners, Exfinity Venture Partners and Param Capital founder Mukul Agarwal in his personal capacity. The startup began [...]
28,091 patents granted till March 15 this fiscal
New Delhi, Mar 23 (PTI) As many as 28,091 patents were granted as of March 15 in this fiscal compared to 28,391 in 2020-21, Parliament was informed on Wednesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Som Parkash also informed that 15,283 patents were granted in 2018-19. [...]
Govt has so far blocked 320 mobile apps: Union minister Som Parkash
New Delhi, Mar 23 (PTI) The government has so far blocked 320 mobile applications under a provision of the Information Technology (IT) Act to ensure a safe, trustworthy and accountable internet for all its users, Parliament was informed on Wednesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry [...]
Airline sector seeing revival, expects 40 cr passenger traffic by FY24: Scindia
New Delhi, Mar 23 (PTI) As many as 3.82 lakh passengers undertook air travel daily in the last seven days, giving hopes of revival of the sector scarred by Covid-19, Civil Aviation Minister Jyotiraditya Scindia said on Wednesday as he set a target of nearly tripling total passenger traffic by 2023-24 to 40 crore. Scindia [...]
Adani Wilmar plans acquisition of brands and processing units in mass rice segment
Kolkata, Mar 23 (PTI) Country's largest commodity company Adani Wilmar is betting big on staples and scouting for acquisition of regional rice brands and processing units in several states of the country, a top company official said. The company will launch branded daily-use rice under the fortune brand beginning with West Bengal from early April. [...]
Bookmyshow bags exclusive ticketing rights for IPL Season 15
Mumbai, Mar 23 (PTI) Ticket booking platform Bookmyshow has bagged the exclusive ticketing rights from the BCCI for the 15th edition of the Indian Premiere League this summer. Along with the exclusive ticketing rights, they will also manage the venue services for all the stadia, including the gate entry and spectator management services of the [...]
Guar seed futures rise on fresh bets
New Delhi, Mar 23 (PTI) Guar seed prices on Wednesday rose by Rs 34 to Rs 6,172 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for March contracts increased by Rs 34 or 0.55 [...]
NEWSALERT
Deweeding, dredging of Srinagar's famous Dal Lake to be taken up in FY23: FM Sitharaman replying to J&K Budget debate in RS. PTI MJH ANZ BAL BAL
Guar gum futures gain on spot demand
New Delhi, Mar 23 (PTI) Guar gum prices on Wednesday gained Rs 64 to Rs 11,365 per five quintals in the futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by 0.57 per cent or Rs 64 to Rs 11,365 [...]
NEWSALERT
Pashmina shawls, carpet weaving from J&K given GI recognition: FM Sitharaman replying to debate on J&K Budget. PTI MJH ANZ BAL BAL
NEWSALERT
New industrial policy, investment proposal will create employment in Jammu and Kashmir: FM Nirmala Sitharaman on J&K Budget. PTI MJH ANZ BAL BAL
NEWSALERT
38 terrorists eliminated in 2022; 16 pc decline in recruitment by terrorist organisations in J&K: FM Sitharaman in Rajya Sabha. PTI MJH ANZ BAL BAL
NEWSALERT
Creating environment for normalcy, attracting investment in J&K, says FM Sitharaman citing decline in terrorism-related incidents. PTI MJH ANZ BAL BAL
Kotak, Axis acquire nearly 8 pc stake each in ONDC
New Delhi, Mar 23 (PTI) Kotak Mahindra Bank and Axis Bank have acquired 7.84 per cent stake each in the open public digital infrastructure framework entity ONDC. Both the banks have invested Rs 10 crore each in the entity. "Kotak Mahindra Bank has subscribed to 10,00,000 equity shares of Open Network for Digital Commerce (ONDC) [...]
Wipro GE Healthcare Bolsters Leadership Bench in India & South Asia, Announces Appointment of Elie Chaillot to the Board of Directors
BENGALURU, India, March 23, 2022 /PRNewswire/ -- Wipro GE Healthcare, a leading global medical technology and diagnostics innovator, today announced the appointment of Elie Chaillot, President & CEO, GE Healthcare Intercontinental, to its Board of Directors. This announcement comes after the formation of a new Intercontinental Region within GE Healthcare, led by Chaillot. The Intercontinental [...]
Australia’s University of Canberra Announces VC’s Social Champion Scholarships for Students Passionate About Making a Difference in the Community
Valued at over Rs. one crore each, the scholarships will cover tuition fees, accommodation, and allowances, and will benefit financially-challenged students who want to make a difference in the community New Delhi, Delhi, India (NewsVoir) The University of Canberra (UC) in Australia has announced the Vice-Chancellor’s Social Champion Scholarship, which will enable financially-challenged offshore students [...]
NEWSALERT
180 terrorists, including 32 foreigners eliminated in 2021; this included 42 top commanders: FM Sitharaman in Rajya Sabha. PTI MJH ANZ BAL BAL
Industry associations in Goa seek resumption of mining activities
New Delhi, Mar 23 (PTI) Industry associations in Goa have pitched for resumption of sustainable mining in the state, saying the ban on mining has adversely impacted livelihoods. It has been four years since mining was stopped in Goa. "Recommendations have been made by CII Goa to the centre and the state to resume mining [...]
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