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Stock hits 20% upper circuit after reporting 800% QoQ increase in net profits
During Friday’s trading session, the shares of one of the leading watch brands in India hit a 20 percent upper circuit at Rs. 149.45 on BSE, after the company reported Q2 FY25 results with a rise in the net profit of around 800 percent QoQ and 63.6 percent YoY. With a market cap of Rs. [...]
Navratna stock in focus after company to set up fertilizer plant for ₹208 Cr
Navratna stock engaged in the production and marketing of Neem Coated Urea, Bio-Fertilizers, and other allied Industrial products in focus following plans of setting up a new fertilizer & allied products plant at a cost of Rs. 208 Crores for expansion purposes. Price action With a market capitalization of Rs. 5,014 Crores, the shares of [...]
Bluechip stock in focus after receiving order worth over ₹1,000 Cr for nuclear project
Shares of this large-cap infrastructure company are gaining investor attention after securing a major order to deploy advanced welding technology for the Global Nuclear Fusion Project. The company has signed an MoU with the ITER Organization for technical collaboration on the project. Share Price Movement In Friday’s trading session, the share price of Larsen & [...]
2 NBFC stocks jump up to 11% after announcing robust Q2 results
October 2024 marks a significant financial results season in India, as many companies report their earnings for the second quarter of the fiscal year 2024-25. This period is crucial for investors and analysts, offering insights into the economic health and performance of various sectors. Here are two NBFC stocks that have witnessed fluctuations in the [...]
IT stock hits 5% upper circuit after it launches NVIDIA H200 Tensor chipset first time in India
The shares of the fastest-growing cloud computing player hit 5 percent upper circuit of Rs 3,537.55 per share after the company announced that it is the first to bring NVIDIA H200 Tensor Core GPUs to the Indian market. With a market capitalization of Rs 5,972.90 crore, the shares of E2E Networks Ltd were trading at [...]
Bank stock jumps 10% after announcing robust Q2 results
Private banking player, surged nearly 10 percent following a 22.6 percent year-on-year growth in net profit and a drop in non-performing assets in Q2 FY25. Share price variations: With a market capitalization of Rs. 3,572.53 crores, DCB Bank Ltd. made an intraday high of Rs. 120.99 representing a 9.8 percent increase from its previous closing [...]
Multibagger infra stock jumps after receiving order worth ₹23 Cr from ThyssenKrupp Uhde
Infra stock engaged in providing engineering, procurement, and construction (EPC) services, operation & maintenance, and many more jumped upto 2 percent in the day’s trade upon receiving work orders worth ~Rs. 23 Crores. Price action With a market capitalization of Rs. 798 Crores, the shares of RBM Infracon Limited were trading at Rs. 790 per [...]
2 Stocks jump 8% after company’s net profit increases by up to 275% YoY
October 2024 marks a significant financial results season in India, as many companies report their earnings for the second quarter of the fiscal year 2024-25. This period is crucial for investors and analysts, offering insights into the economic health and performance of various sectors. Here are two companies that have witnessed fluctuations in the share [...]
Defence stock jumps 5% after reporting 140% YoY increase net profit
Shares of this electronic manufacturing services (EMS) company primarily surged over 2 percent on Friday after the company reported a remarkable 140 percent YoY increase in net profits and strong revenue growth in its recent quarterly results. Share Price Movement During Friday’s trading session, the share price of Apollo Micro Systems Ltd reached an intra-day [...]
IT stock to buy now for an upside of 20%; Are you holding it?
India's software and consulting industry is projected to generate $254 billion in revenue for FY24, reflecting a 3.8% year-on-year growth. This sector, a cornerstone of India's economy, is increasingly driven by advancements in artificial intelligence and cloud computing, positioning the nation as a global tech leader. KPIT Technologies Ltd has a market capitalization of Rs [...]
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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 [...]
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NEWSALERT
33 pc drop in inflitration; 90 pc decrease in ceasefire violation; 61 pc decline in terrorism related incidents in J&K in 2021: FM. PTI MJH ANZ BAL BAL
NEWSALERT
100 pc COVID vaccination of eligible pollution achieved in J&K: FM Nirmala Sitharaman replying to debate on J&K budget in Rajya Sabha. PTI MJH ANZ BAL BAL
Co-working firm IndiQube takes on lease 1 lakh sq ft area in Coimbatore
New Delhi, Mar 23 (PTI) Co-working operator IndiQube on Wednesday said it has taken on lease one lakh square feet in Coimbatore, comprising more than 2,000 desks.IndiQube said it has started venturing into Tier-II cities as part of the expansion plan."The company has signed up close to 1,00,000 square feet of office space in a [...]
Crude oil futures gain on spot demand
New Delhi, Mar 23 (PTI) Crude oil prices on Wednesday rose by Rs 13 to Rs 8,422 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 13 or 0.15 per cent to Rs 8,422 per barrel in 8,063 [...]
Vegan beauty brand Plum raises $35 mn from A91 Partners, others
Mumbai, Mar 23 (PTI) Vegan beauty brand Plum, which claims to be fully toxin-free and cruelty-free, has raised USD 35 million (around Rs 270 crore) in a Series-C funding round led by A91 Partners and existing investors Unilever Ventures and Faering Capital.With this funding, the startup has, so far, raised over USD 50 million since [...]
Signature Global to invest Rs 310 cr on affordable housing project in Gurugram
New Delhi, Mar 23 (PTI) Realty firm Signature Global, which is into affordable homes, will invest Rs 310 crore to develop an affordable housing project in Gurugram, Haryana.The company on Wednesday announced a new project Signature Global Imperial, which is spread nearly 9 acres of land parcel and comprises 1,141 units. It will sell flats [...]
Meesho launches integrated e-commerce app for buyers, sellers
New Delhi, Mar 23 (PTI) Internet commerce firm Meesho on Wednesday announced the launch of an integrated e-commerce mobile app for buyers and sellers as part of efforts to drive the digitisation of small businesses in the country.With the latest Android version of the app, Meesho users can now toggle between the buyer and seller [...]
BULLION OPENING RATE
BULLION OPENING SLUG PRICES MUM GENERAL OPEN MARCH 23,2022 MUMBAI, (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 67004.00 STANDARD GOLD (99.5) : 51110.00 PURE GOLD (99.9) : 51315.00 KOLKATA BULLION OPENING ---- PTI MUM SSB SSB SSB
India achieving USD 400 bn goods export target key ‘Aatmanirbhar Bharat’ milestone: PM
New Delhi, Mar 23 (PTI) Hailing the country's success in achieving its goods export target of USD 400 billion this fiscal, Prime Minister Narendra Modi asserted on Wednesday that this is a key milestone in India's 'Aatmanirbhar Bharat' journey.The highest ever goods export target was achieved nine days ahead of the March 31 deadline.Exports increased [...]
RBI MONEY MARKET OPERATION
Date : Mar 23, 2022 Money Market Operations as on March 22, 2022 (Amount in ? crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 513,003.79 3.55 1.00-5.60 I. Call Money 9,503.25 3.36 2.00-3.85 II. Triparty Repo 370,094.50 3.56 2.00-3.99 III. Market Repo 133,351.04 3.54 1.00-3.85 [...]
Stanza Living raises Rs 425 cr in debt funding led by Kotak Mahindra Bank, RBL Bank
New Delhi, Mar 23 (PTI) Coliving operator Stanza Living on Wednesday said it has raised Rs 425 crore in debt funding led by Kotak Mahindra Bank and RBL Bank for capital expenditure and business expansion across major cities.Stanza Living, which provides rental accommodation to students and working professionals, was co-founded by Sandeep Dalmia and Anindya [...]
CSS Corp Named a Leader in NelsonHall Customer Experience (CX) Operations Transformation 2022 NEAT Assessment
Bangalore, Karnataka, India – Business Wire India CSS Corp, a global customer experience and technology services provider, today announced that it has been recognized as a ‘Leader’ in NelsonHall's Evaluation & Assessment Tool (NEAT) report for Customer Experience (CX) Operations Transformation 2022. The company has been positioned as a Leader in 2 quadrants, namely, Overall [...]
Easy Immigration options for Indian entrepreneurs and business owners with OnDemand Immigration
GURGAON, India, March 23, 2022 /PRNewswire/ -- OnDemand Immigration, a group company of ODINT Consulting, a leading Indo-European Market Entry and immigration company with six global offices, offer very low cost and reliable immigration solutions to Indian entrepreneurs and small business owners looking to immigrate within 50-60 days. Mr.Saif Nawaz, Managing Partner of OnDemand, said, [...]
NMIMS CIS Pilot Batch Students secures 100% Success Rate in Institute of Risk Management (IRM) Level-1 Exam
MUMBAI, India, March 23, 2022 /PRNewswire/ -- NMIMS' Centre of International Studies (CIS) pilot batch students have secured 100% success rates in the Enterprise Risk Management (ERM) Level-1 examination, conducted by the Institute of Risk Management (IRM). With recognition in over 140 countries, IRM is the world leader in ERM qualifications. The IRM - India [...]
Yamaha Motor’s shared mobility platform MBSI forays into 4-wheeler EV segment
Mumbai, Mar 23 (PTI) Yamaha Motor's shared mobility platform Moto Business Service India (MBSI) has forayed into the 4-wheeler EV segment by forging a partnership with sustainable energy-powered vehicle service firm Malbork Technologies, a release said on Wednesday.MBSI provides services to tech startups that focus on the shared mobility space in the country.Bengaluru-based Malbork Technologies [...]
This Green energy stock gave multibagger returns of more than 5000% in 3 years
Shares of Adani Green Energy Limited increased by 2.11% in the last 5 days and by 63.82% in the past six months. In the past three years, it has given returns of 5109.03%. This means that if an investor would have invested ₹1,00,000 in March 2019, the investment would have been worth ₹52 lakhs. Adani [...]
CCL to provide scholarship to students who lost parents due to COVID-19
Ramgarh (Jharkhand), Mar 23 (PTI) Central Coalfields Limited (CCL), a subsidiary of Coal India Limited (CIL), has started Covid crisis scholarship scheme under its functional areas to provide financial support to students, whose parents died of COVID-19, said a senior CCL official. COVID-19 pandemic has caused hundreds of school and college going students to become [...]
Bajaj Group of Companies’ COVID-19 Mega Vaccination Drives Administer 1 Million Plus Vaccine Doses to the Beneficiaries of Pune and Aurangabad Districts
Pune, Maharashtra, India (NewsVoir) The COVID-19 Mega Vaccination Drives, supported by Bajaj Group of Companies, comprising Bajaj Auto Limited, Bajaj Finserv Limited, Bajaj Finance Limited, Bajaj Allianz General Insurance Company Limited and Bajaj Allianz Life Insurance Company Limited, administer over 1 Million doses of the COVID-19 vaccine to the beneficiaries of Pune and Aurangabad districts. [...]
Seagram’s Royal Stag Raises the Bar at IPL 2022 in Partnership with Delhi Capitals
Delhi, India (NewsVoir) A city that spans three states must have a team that plays its cricket with a large heart and inimitable flair. Delhi Capitals, the beating ‘dil’ of the Indian Premier League, will collaborate with Seagram’s Royal Stag for the upcoming 2022 season. Royal Stag is delighted to be the Official Partner of [...]
Goldiee Group announces launch of Goldiee Queen Season 2
A platform to empower extra ordinary women from ordinary walks of life MUMBAI, India, March 23, 2022 /PRNewswire/ -- On the occasion of International Women's Day 2022, India's leading spices brand, Goldiee Group announced the launch of Goldiee Queen Season 2. Built on the ideology that, "Every queen deserves a crown, however, there is no [...]
THE LEELA PALACES, HOTELS AND RESORTS WELCOMES FORMER MISS WORLD AND ACTOR MANUSHI CHHILLAR TO THE ‘ICONS OF INDIA BY THE LEELA’
MUMBAI, India, March 23, 2022 /PRNewswire/ -- The Leela Palaces, Hotels and Resorts today welcomed Miss World 2017 and actor - Manushi Chhillar to the Icons of India by The Leela initiative. The Leela has been World's Best Brand by Travel + Leisure USA 2021 for two years in a row in 2020 and 2021 [...]
Mingout: This Indian Dating app just made Holi possible in the Metaverse
Play Holi with friends and family without having to wash any clothes NEW DELHI and GURGAON, India, March 23, 2022 /PRNewswire/ -- Mingout, a lifestyle and dating app with a uniquely Indian solution, hosted 20 of its selected users in the first-ever Metaverse Holi Party in the world on 18th March 2022. "Yes. We celebrated [...]
Sunteck Inspires Beach Lovers at the pristine ‘Suruchi Beach’
The Sustainable Lifestyle Drive Initiated by Sunteck at Suruchi Beach, Vasai (W) MUMBAI, India, March 22, 2022 /PRNewswire/ -- Sunteck Foundation, along with Sunteck Realty, joined hands to organize a sustainable lifestyle drive at Suruchi beach, Vasai (W), in association with leading NGO, United Way Mumbai. Actress Dia Mirza, prominent citizens, and enthusiasts from Mumbai [...]
It cannot be business as usual for Russia in international institutions like G-20: US
Washington, Mar 23 (PTI) The US and its allies would consult whether Russia should remain within the G-20 grouping of major economies after its invasion of Ukraine, US National Security Advisor Jake Sullivan has said, underlining that it "cannot be business as usual" for Moscow.“We believe that it cannot be business as usual for Russia [...]
NEWSALERT
Petrol, diesel prices hiked by 80 paise a litre each for the second day in a row. PTI ANZ RAM
Exemplary efforts to draw more investment to J-K: PM on Gulf countries investment summit
New Delhi, Mar 22 (PTI) After Jammu and Kashmir Lieutenant Governor Manoj Sinha addressed a Gulf countries investment summit in Srinagar, Prime Minister Narendra Modi on Tuesday hailed "exemplary efforts" to draw more investment to the Union Territory and ensuring greater opportunities for the people. The PM was responding to a tweet by the office [...]
ICAI to form research group to study cryptocurrencies
New Delhi, Mar 22 (PTI) The Institute of Chartered Accountants of India (ICAI) on Tuesday said it will undertake a detailed study on cryptocurrencies in wake of their rising popularity across the world. A research group is being constituted by the body which will soon be undertaking the task, it said. The ICAI, in a [...]
Science more challenging than entrepreneurship: Bharat Biotech chairman Krishna Ella
Hyderabad, Mar 22 (PTI) Bharat Biotech may have gained immense popularity with its COVID-19 vaccine Covaxin, but the firm's founder and chairman Krishna Ella says science remains his passion and that being a vaccine maker is more challenging than entrepreneurship. His company's website states that Krishna Ella is a research scientist in molecular biology. "I [...]
Delhiites fret over fuel price hike, fearful of further rise
New Delhi, Mar 22 (PTI) As petrol, diesel and cooking gas become more expensive, consumers in the national capital are worried that it will add to the cost of living and expressed fear that fuel prices will rise further.The central government on Tuesday hiked the prices of petrol and diesel prices by 80 paise a [...]
Nepal PM Deuba for increased use of electric vehicles to reduce huge trade gap
Kathmandu, Mar 22 (PTI) Prime Minister Sher Bahadur Deuba on Tuesday directed government officials to promote policies that could help reduce the country’s widening trade deficit. “As the country’s trade deficit has posted a dismal picture, it is high time to adopt appropriate measures to reduce it,” Deuba said while addressing a meeting of the [...]
Tripura budget anti-people, fails to fulfil farmers’ aspirations: Ex-CM Manik Sarkar
Agartala, Mar 22 (PTI) Terming the state budget for the financial year 2022-23 as "anti-people", Leader of Opposition in the Tripura assembly Manik Sarkar on Tuesday said the BJP-led government has failed to fulfil aspirations of farmers and unemployed youths.Speaking on the budget in the assembly, the former chief minister said the state's market borrowings [...]
Wheat will be procured in 410 mandis in Haryana from April 1: Chautala
Chandigarh, Mar 22 (PTI) Wheat procurement will begin from April 1 across Haryana and the state government will purchase the crop in 410 mandis. "The number of mandis has been increased so that farmers do not face any inconvenience in selling their wheat crops. With this, the farmers will be able to sell the crop [...]
Defence Ministry approves procurement of military platforms, hardware worth Rs 8,357 crore
New Delhi, Mar 22 (PTI) The Defence Ministry on Tuesday approved the procurement of Rs 8,357 crore worth of military platforms and hardware, including air defence fire control radar and GSAT-7B satellite. The procurement proposals were accorded "Acceptance of Necessity" at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, [...]
Services may be hit as staff unions plan to go on strike on March 28, 29: SBI
New Delhi, Mar 22 (PTI) The country's largest lender State Bank of India on Tuesday said banking services may get impacted to an extent as various employees' unions have called for a two-day strike on March 28-29. SBI said it has been advised by the Indian Banks' Association (IBA) that All India Bank Employees' Association [...]
Par panel asks Power Min to hike outlay for RDSS at RE stage
New Delhi, Mar 22 (PTI) A Parliamentary panel has suggested the power ministry to enhance the fund allocation for Revamped Distribution Sector Scheme (RDSS), which is aimed at revival of distribution companies, during 2022-23 at revised estimate stage. "They also express their concern over the less allocation of funds for this important scheme and recommend [...]
Kochi-based startup launches video solutions to CBSE maths problems
Kochi, Mar 22 (PTI) A Kochi-based educational startup has launched video solutions to mathematics questions for CBSE syllabus explaining how to solve each problem. Showans.com, the web portal, has initiated the service explaining answers to multiple-choice questions in video format. "In the first phase, the video service covers the mathematics syllabus of CBSE Class X, [...]
Parl panel suggests third-party audit of CSR spending by companies
New Delhi, Mar 22 (PTI) A Parliamentary panel on Tuesday suggested that the government should conduct a third-party audit of CSR spending by corporates.The Parliamentary Standing Committee on Finance, headed by BJP member Jayant Sinha, also expressed concerns over the monitoring mechanism in ensuring compliance with the provisions of CSR, saying that information regarding such [...]
Cybersecurity startup Technisanct receives fresh investment
Kochi, Mar 22 (PTI) Technisanct, a cybersecurity startup with its research centre in Kochi, has decided to increase its manpower as the firm has received an investment of Rs 2 crore. The company said it received the investment with participation from Shashidhar Pai (S3K Ventures), K T Chandy (Partner-EY) and Surabhi Marwah (Partner-EY). Technisanct, which [...]
Hotel bookings for March-May period cross pre-pandemic levels, says IHCL MD
New Delhi, Mar 22 (PTI) Hotel bookings for the March-May period this year have surpassed the pre-pandemic levels of the same period of 2019, led by strong domestic demand, Indian Hotels Co Ltd (IHCL) Managing Director & CEO Puneet Chhatwal said on Tuesday. The head of the Tata group hospitality firm said that the long-term [...]
LS members seeks to punch holes in UDAN, question privatisation of airports
New Delhi, Mar 22 (PTI) Cutting across party lines, Lok Sabha members on Tuesday lauded the government's efforts to rescue students stranded in war-torn Ukraine even as opposition members slammed the sale of national carrier Air India and the move to privatise airports.Participating in the debate on the demand for grants of the civil aviation [...]
HCL Tech, Neoris sign pact to offer integrated IT services in global markets
New Delhi, Mar 22 (PTI) IT company HCL Technologies has signed an agreement with Florida-based Neoris to jointly offer integrated IT solutions globally.As a result of this collaboration, both companies will be able to expand their operations and access new regions, making them better positioned to explore global markets.Neoris' global presence includes operations in Latin [...]
Meet deadlines for RE projects, 175GW clean energy target unlikely by 2022: Par panel
New Delhi, Mar 22 (PTI) A Parliamentary panel on Tuesday suggested the Ministry of New and Renewable Energy (MNRE) to monitor RE projects and adhere to deadlines saying clean energy target of 175GW is unlikely to be achieved by 2022. "Because of continuous non-achievement of the assigned yearly physical targets, it is highly unlikely that [...]
Adani Power board okays merger of six arms with itself
New Delhi, Mar 22 (PTI) Adani Power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself."The Board of Directors of Adani Power Ltd at its Meeting held on March 22, 2022, approved, subject to requisite approvals/consents, the Scheme of Amalgamation of various wholly-owned subsidiaries [...]
SFIO ordered to probe 14 cases this fiscal: Govt
New Delhi, Mar 22 (PTI) The Serious Fraud Investigation Office (SFIO) has been ordered to probe 14 cases involving 95 companies in the current fiscal till March 17, the government informed Rajya Sabha on Tuesday. In a written reply, Minister of State for Corporate Affairs Rao Inderjit Singh also said the government has taken a [...]
Adani Ports cargo volumes accelerate to 300 million metric tonnes
New Delhi, Mar 22 (PTI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has achieved the milestone of handling 300 million metric tonnes (MMT) of cargo well ahead of the year end. Adani Ports said it has registered unprecedented growth since it started operations just over two decades ago, and continues [...]
TCS ready to roll out 5G network anyday
New Delhi, Mar 22 (PTI) IT major TCS is ready to put in place 5G network for any telecom operator across the globe on any given day and the company is working in India on a country-specific gears for the network, a senior company official said. TCS head for Communication, Media & Information Services Kamal [...]
Par panel asks govt to control misleading advertisements; suggests hefty penalty
New Delhi, Mar 22 (PTI) A Parliamentary panel on Tuesday asked the Consumer Affairs Ministry to devise a mechanism for controlling misleading and fake advertisements and suggested options such as hefty penalties and imposing a ban to prevent companies from publishing such advertisements in the future. The Standing Committee on Food, Consumer Affairs and Public [...]
Sebi slaps Rs 1.76 crore fine on 26 individuals for fraudulent trading activities
New Delhi, Mar 22 (PTI) Capital markets regulator Sebi has slapped fines totalling Rs 1.76 crore on 26 individuals for indulging in fraudulent trading activities in the shares of Gala Global Products Ltd (GGPL).The regulator has imposed penalties ranging from Rs 5 lakh to Rs 10 lakh.Securities and Exchange Board of India (Sebi) had conducted [...]
Oppn parties attack govt on fuel price hike, protest in Parliament
New Delhi, Mar 22 (PTI) Opposition parties on Tuesday attacked the government over the rise in prices of cooking gas, petrol and diesel, alleging it had held back for the last few months only because of elections and had once again ''inflicted pain'' on the common man as the assembly polls were over.They also protested [...]
Huge potential for investments in J-K: visiting Gulf delegation
Srinagar, Mar 22 (PTI) A visiting delegation of foreign investors on Tuesday said Jammu and Kashmir is a "big opportunity" to invest and its members will soon take forward their investment proposals. A business delegation from the Gulf countries is on a four-day visit to the valley to explore investment opportunities in the Union Territory. [...]
Revenue dept should devise concrete action plan to clear Rs 21 lakh cr tax arrears: Par panel
New Delhi, Mar 22 (PTI) The Revenue Department should devise a concrete action plan and a road map to clear the backlog of over Rs 21 lakh crore of tax arrears, a Parliamentary panel said on Tuesday. The Standing Committee on Finance in its report also suggested that the department should exercise due diligence before [...]
CREDAI-NCR members plan to stop construction works due to hike in raw material price
New Delhi, Mar 22 (PTI) Realtors' body CREDAI-NCR on Tuesday said its developer members are planning to stop construction works due to a significant rise in cost of raw materials like cement and steel. The construction cost has gone up by about Rs 500 per square feet and this could lead to an increase in [...]
GPUIL to start trading on stock exchanges from Wednesday
New Delhi, Mar 22 (PTI) Equity shares of GMR Power and Urban Infra Ltd, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards. "The scrip will trade under the script ID GMRP&UI," the company said in a statement. GMR Power and Urban Infra Limited (GPUIL) is [...]
CA Act amendment bill: ICAI Prez seeks ‘status quo’ on disciplinary committee
New Delhi, Mar 22 (PTI) As a Parliamentary panel examines proposed changes to a law governing chartered accountants, ICAI President Debashis Mitra on Tuesday pitched for maintaining the "status quo" on the constitution of the institute's disciplinary committee and asserted that the current system is working well.The corporate affairs ministry has introduced a bill in [...]
Coal Ministry may approach environment ministry for certain relaxation in norms
New Delhi, Mar 22 (PTI) The coal ministry on Tuesday said it may approach the Ministry of Environment, Forest and Climate Change for certain relaxation in norms so that overall production of fossil fuel can be further increased. While addressing a function to mark the foundation stone laying of four projects of Coal India-arm Northern [...]
No survivors found in plane crash: Chinese official
Beijing/Nanning, Mar 22 (PTI) Over a day after a passenger aircraft with 132 people on board crashed in a mountainous area in south China, a Chinese official said on Tuesday that no survivors have been found, official media here reported. No survivors have been found so far in Monday's plane crash, said Sun Shiying, chairman [...]
ICAI taking action against erring members; don’t paint all with same brush: Prez Mitra
New Delhi, Mar 22 (PTI) Acknowledging that "perception is a big challenge" for the institute, ICAI President Debashis Mitra on Tuesday said it has taken disciplinary action against erring members and asserted that everyone should not be painted with the same brush. His remarks come against the backdrop of instances of some chartered accountants coming [...]
Greater transparency be ensured in auction of mineral concessions: Par panel
New Delhi, Mar 22 (PTI) A parliamentary panel has suggested that greater transparency should be ensured in the auction of mineral concessions with pre-embedded clearances to give a fillip to the auction process and to achieve optimal utilisation of India's mineral resources for rapid industrial growth and socio-economic development of the country. The Standing Committee [...]
Tata Coffee board approves re-appointment of Chacko Purackal Thomas as MD & CEO
New Delhi, Mar 22 (PTI) Tata Coffee on Tuesday said its board has approved the re-appointment of Chacko Purackal Thomas as Managing Director and Chief Executive Officer for a term of three years starting from April 1. Thomas is the managing director and chief executive officer of the company since April 1, 2019. He has [...]
Par panel says food subsidy still very high, scope for further reduction
New Delhi, Mar 22 (PTI) A parliamentary panel has appreciated the government's efforts to cut the food subsidy bill but said it is still "very high" and there is scope for further reduction. The Standing Committee on Food, Consumer Affairs and Public Distribution tabled a report in the Lok Sabha on Tuesday. "The Committee note that [...]
iVOOMi Energy launches two India-made e-scooter models
Mumbai, Mar 22 (PTI) Electric two-wheeler manufacturer iVOOMi Energy on Tuesday launched two new 'Made-in-India' e-scooter models, S1 and Jeet, at a price starting at Rs 84,999, in the Indian market. The Maharashtra-based company, which designs and manufacturers lithium-ion battery packs in-house, currently has over 50 dealerships across western and southern India, and plans to [...]
Indiabulls Housing Finance gets committee nod to raise up to Rs 50,000 cr via bonds
New Delhi, Mar 22 (PTI) Indiabulls Housing Finance on Tuesday said a board-appointed committee has approved a proposal to raise capital up to Rs 50,000 crore through bonds.As per the existing shareholders' enabling authorisation, valid up to July 28, 2022, the company can raise funds up to Rs 50,000 crore through issuance of secured or [...]
Par panel cautions govt against early euphoria over NPA reduction
New Delhi, Mar 22 (PTI) Cautioning the government against "any early euphoria" with regards to reduction in NPA in the banking sector, a Parliamentary panel on Tuesday said that the bad loans may go up due to some lag impact of the Covid pandemic. The Standing Committee on Finance in its report tabled in Parliament [...]
Par panel flags shortfall in fund utilisation by MOSPI, time lag in release of PFLS reports
New Delhi, Mar 22 (PTI) A Parliamentary panel has flagged a 73.53 per cent shortfall in utilisation of budgeted allocation for capacity development of Ministry of Statistics and Programme Implementation for the current fiscal. It has also highlighted long time-lag in release of periodic labour force survey (PLFS) report and delay in unveiling the 7th [...]
CCPA imposes Rs 10 lakh penalty for misleading ads of Sensodyne
New Delhi, Mar 22 (PTI) The Central Consumer Protection Authority (CCPA) has ordered discontinuation of certain misleading advertisements of Sensodyne toothpaste within seven days and imposed a penalty of Rs 10 lakh on the manufacturer. An official release on Tuesday stated that advertisements of Sensodyne products which make the claims 'Recommended by dentists worldwide' and [...]
Pandemic keeps uber rich off charities, contribution drops from 18% to 11%: Report
Mumbai, Mar 22 (PTI) In spite of a massive jump in the number of the uber rich and rich becoming richer, their contributions to charity continued to decline during the COVID-19 pandemic when a whopping 200 million-plus were forced into poverty, says a report. While CSR (corporate social responsibility) spends have increased from 12 per [...]
Adani Power ties up with IHI, Kowa to study ammonia co-firing for power generation
New Delhi, Mar 22 (PTI) Adani Power on Tuesday said it has collaborated with IHI Corporation and Kowa Company to study ammonia co-firing for environmentally sustainable power generation. "Adani Power Ltd (APL), IHI Corporation, and Kowa Company, Ltd (Kowa), have signed a Memorandum of Understanding (MoU) to study the feasibility on a modification to achieve [...]
No survivors found in plane crash: Chinese official
Over a day after a passenger aircraft with 132 people on board crashed in south China, a Chinese official announced on Tuesday that no survivors have been found, official media here reported. No survivors have been found in the China plane crash, state-run Xinhua news agency quoted a Chinese official in a brief report. The [...]
Petrol, diesel price up 80 paise a litre; Rs 50 hike in LPG rates
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre each while domestic cooking gas LPG rates were increased by Rs 50 per cylinder as state oil firms ended an over four-and-a-half month election-related hiatus in rate revision. Petrol in Delhi will now cost Rs 96.21 per litre as against Rs 95.41 [...]
Infosys to acquire digital marketing agency oddity for around Rs 419 cr
IT company Infosys will acquire oddity -- a Germany-based digital marketing, experience, and commerce agency -- in an all cash deal for 50 million euros (about Rs 419 crore), the company said on Tuesday. As part of Infosys' digital experience and design offering, oddity will become part of Wongdoody and join its network of studios [...]
Par panel asks DIPAM to publish annual report on CPSEs valuation
New Delhi, Mar 22 (PTI) A Parliamentary panel has asked DIPAM to publish an annual report on how it has managed public assets, highlighting "whether it is creating value or whether it has eroded value" of public sector enterprises. The Standing Committee on Finance, chaired by BJP member Jayant Sinha, in its report desired that [...]
CBI arrests Chennai Port Trust official in Rs 45-cr bank fraud case
The CBI has arrested an Assistant Superintendent of Chennai Port Trust (CPT) in connection with an ongoing investigation in Rs 45-crore bank fraud case, according to an official statement issued on Tuesday. The probe agency had registered a case on July 31, 2020 on a complaint from Indian Bank, Chennai against two private persons; Branch [...]
17th Asia-Europe Business & Social Forum: Awards & Business Summit
London [UK], March 22: 'Coming Together to Collaborate for Mutual Prosperity' is the theme of the 17th Edition of Asia-Europe Business & Social Forum 2022, to be organised by AsiaOne Media Group, on 12th April '22 at London Marriott Grosvenor Square Hotel, London, UK. The one-day mega Summit will be a grand congregation of business [...]
Scrap civil aviation ministry to create holistic transport ministry: Mahua Moitra
New Delhi, Mar 22 (PTI) TMC MP Mahua Moitra on Tuesday demanded that the civil aviation ministry be scrapped and merged to create a holistic ministry for transport as it was no longer in the business of running a national airline.Participating in the discussion in Lok Sabha on the demand for grants of the civil [...]
IHCL to eliminate single-use plastic at hotels by 2030
New Delhi, Mar 22 (PTI) Tata group hospitality firm Indian Hotels Co Ltd (IHCL) on Tuesday said it will completely eliminate single-use plastic across all its hotels by 2030, besides committing to skill 1 lakh youths in the next five years as part of its sustainability and social impact measures under a newly launched initiative, [...]
IOC sets up shared service centre with IBM
New Delhi, Mar 22 (PTI) Indian Oil Corporation (IOC), the nation's largest oil firm, has set up a shared service centre (SSC) for vendor invoice management in collaboration with IBM Consulting. "IndianOil Shared Service Centre Vendor Invoice Management is a sizable digital initiative which synergizes invoice processing from a centralized office based in Noida (Delhi [...]
Rupee pares losses to settle flat at 76.18 against US dollar
Mumbai, Mar 22 (PTI) The rupee pared its initial losses to settle flat at 76.18 (provisional) against the American currency on Tuesday, tracking a positive trend in domestic equities.At the interbank foreign exchange, the rupee opened sharply lower at 76.39 against the US dollar. However, it recovered all its losses to closed at 76.18.During the [...]
Nandan Nilekani Felicitated with the IET India Lifetime Achievement Award 2021
Bangalore, Karnataka, India (NewsVoir) • A ubiquitous inspiration for technology evangelists in the country, Mr. Nilekani was conferred the award for his exemplary contributions to India’s engineering and technology ecosystem over the years. • As a celebration of 150 years, the IET India Awards recognise outstanding contributions in engineering and technology that have helped place [...]
Punjab Assembly passes vote-on-account of Rs 37,120 cr for Q1 FY23
Chandigarh, Mar 22 (PTI) The Punjab Assembly on Tuesday passed a vote-on-account of more than Rs 37,120 crore to meet the state government's expenditure for the first three months (April-June) of the 2022-23 financial year. Finance Minister Harpal Singh Cheema moved the Punjab Appropriation (Vote-On-Account) Bill, 2022 on the concluding day of the assembly session [...]
Saregama Signs an Exclusive Deal With Padma Shri Singer-Musician- Adnan Sami
Mumbai, Maharashtra, India – Business Wire India Breaking barriers with film, and non-film albums, Saregama is taking yet another step to further its foray into new music. With the onset of 2022, the label has already made a stunning entry into the new music market with the entire album of Sanjay Leela Bhansali’s blockbuster- Gangubai [...]
Govt implementing Rs 20,050 cr scheme for fish production
New Delhi, Mar 22 (PTI) The central government is implementing a flagship scheme 'Pradhan Mantri Matsya Sampada Yojana (PMMSY)' with the highest ever investment of Rs 20,050 crore in all states and UTs to increase fish production, the Lok Sabha was informed on Tuesday. Union Minister for fisheries, animal husbandry and dairying Parshottam Rupala also [...]
Airtel upgrades parental policy benefits for staff to drive inclusive goals
New Delhi, Mar 22 (PTI) Telecom operator Bharti Airtel on Tuesday said it has enhanced parental policy benefits for its employees by including special childcare allowance and flexible working options for new mothers with an aim to drive diverse and inclusive workplace goals. Apart from 26 weeks of maternity leave, women employees returning to work [...]
NGO asks Chinese billionaire to answer questions on alleged links of his company with BGMI game
New Delhi, Mar 22 (PTI) Prahar, a non-government organisation, on Tuesday wrote an open letter to Chinese billionaire and founder of Tencent Holdings Pony Ma, posing 10 questions including on allegations pertaining to his company's linkage with Krafton which runs the multi-player online video game, BGMI-PUBG, in India. This comes days after the NGO urged [...]
Quiklyz partners with BluSmart Mobility to provide up to 500 EVs
Mumbai, Mar 22 (PTI) Mahindra Group's vehicle leasing and subscription platform Quiklyz has partnered with EV ride-hailing startup BluSmart Mobility to provide up to 500 electric vehicles for its fleet, a statement said on Tuesday. These vehicles would be deployed in the Delhi-NCR region, and used for the BluSmart all-electric ride-hailing services, currently in NCR [...]
FTAs should have review mechanism to ensure mid-way course correction: Par panel
New Delhi, Mar 22 (PTI) Free trade agreements being negotiated by India should include the provision of a review mechanism to ensure mid-way course correction in case asymmetries are noticed in trade with the partner country, a Parliamentary panel has recommended.The report of the Parliamentary Standing Committee on Commerce also said that India needs to [...]
Almond Solutions enters US market with its award-winning virtual events platform ‘VIRTEX’; unveils new global brand identity
~ Aims to clock around $15 million in the first year and around $100 Million by 2025 New Delhi 22nd March, 2022: Almond Solutions, a leading customer and channel engagement solutions company, today announced its entry in the US market. With its initial footprint in the US, Almond will be partnering with leading HealthTech and [...]
EbixCash Wins Long-term Contract for Automating and Digitizing the State of Andhra Pradesh’s Bus Ticketing and Fare Collection System
NOIDA, India, March 22, 2022 /PRNewswire/ -- EbixCash Limited, a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena, through an integrated business model, today announced that it has been awarded the order to design, develop, build, install, maintain and operate the Intelligent Transport Management System (ITMS) for [...]
Merck Foundation and African First Ladies Announces Call for Applications for Their ‘More Than a Mother’ Fashion, Film, Song and Media Recognition Awards 2022
Mumbai, Maharashtra, India & Accra, Ghana – Business Wire India • Merck Foundation addresses a wide range of social and health issues through their four awards such as; Breaking Infertility Stigma, Supporting Girl Education, Women Empowerment, Ending Child Marriage, Ending FGM, and Stopping GBV at all levels in Africa. • Call for Applications announced for [...]
Huge potential for investments in J-K: visiting Gulf delegation
Srinagar, Mar 22 (PTI) A visiting delegation of foreign investors on Tuesday said Jammu and Kashmir is a "big opportunity" to invest and its members will soon take forward their investment proposals. A business delegation from the Gulf countries is on a four-day visit to the valley to explore investment opportunities in the Union Territory. [...]
Switch Mobility pegs production of first set of buses from manufacturing unit in Spain within 12 months
Chennai, Mar 22 (PTI) Switch Mobility, a next-generation electric bus and light commercial vehicle company, is expecting the first set of buses to be produced from its facility in Spain within 12 months, the firm said on Tuesday. The company on Monday conducted the groundbreaking ceremony for the new advanced manufacturing facility in Valladolid, Spain. [...]
BHEL appoints Upinder Singh as director
New Delhi, Mar 22 (PTI) State-owned engineering firm BHEL on Tuesday said it has appointed Upinder Singh Matharu its Director (Power).Matharu has assumed the charge at the company."On his appointment as Director on the Board of Bharat Heavy Electricals Limited (BHEL), Upinder Singh Matharu, 58, has assumed charge as Director (Power) of the Public Sector [...]
BULLION CLOSING
BULLION CLOSING RATE MUMBAI, MARCH 22 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 68521.00 67775.00 STANDARD GOLD (99.5) : 51550.00 51298.00 PURE GOLD (99.9) : 51757.00 51504.00 -------------------- PTI MUM SSBSSB SSB
ICAI working on research paper on cryptocurrencies
New Delhi, Mar 22 (PTI) Chartered accountants' apex body ICAI will be preparing a research paper on cryptocurrencies that will cover various aspects, including taxation implications.ICAI President Debashis Mitra on Tuesday said the institute is working on a research paper on cryptocurrencies, which is expected to be ready in one-and-a-half months.Currently, cryptocurrencies are unregulated in [...]
ICAI working on research paper on cryptocurrencies
New Delhi, Mar 22 (PTI) Chartered accountants' apex body ICAI will be preparing a research paper on cryptocurrencies that will cover various aspects, including taxation implications.ICAI President Debashis Mitra on Tuesday said the institute is working on a research paper on cryptocurrencies, which is expected to be ready in one-and-a-half months.Currently, cryptocurrencies are unregulated in [...]
I-T dept detects Rs 3,000-cr worth cash transactions after raids on Omaxe group
The income tax department has gathered "evidence" that real estate group Omaxe allegedly indulged in "unaccounted" cash transactions with customers to the tune of over Rs 3,000 crore, officials said on Tuesday. The CBDT issued a statement to say that it raided the premises of a leading real estate group active in north India on [...]
Fitch slashes FY23 India growth forecast to 8.5 pc on high energy prices, inflation
New Delhi, Mar 22 (PTI) Rating agency Fitch on Tuesday slashed India's growth forecast for the next fiscal to 8.5 per cent from 10.3 per cent, citing soaring energy prices and rising inflation on account of the Russia-Ukraine war.It has revised upwards the GDP growth forecast for the current fiscal by 0.6 percentage points to [...]
Govt closely monitoring global commodity price movements amid Russia-Ukraine war: FinMin
The government is closely monitoring the global commodity price movements and their impact on the Indian economy through trade in the aftermath of global supply disruptions amid the Russia-Ukraine war, Parliament was informed on Tuesday. Minister of State for Finance Pankaj Chaudhury said the government is also committed to supporting initiatives for releases from Strategic [...]
JIBS Organises Brain Awareness Week in India for Children & Elderly
Tuesday, March 22: Jindal Institute of Behavioural Sciences (JIBS), a value-based research Institute of O.P. Jindal Global University organised Brain Awareness Week in India from March 14-20. This year JIBS specifically focused on brain-related issues among children with special needs and the elderly population. The Brain Awareness Week is a worldwide campaign aimed at increasing [...]
Glenmark raises industry’s first sustainability-linked loan of USD 228 million
Mumbai, Mar 22 (PTI) In the industry's first, pharma major Glenmark has raised USD 228 million in sustainability-linked loan (SLL) from a consortium of foreign lenders, led by Bank of America. Bank of America, the sole underwriter of the entire loan, has extended USD 50 million, and Cincinnati, Ohio-based Fifth Third Bank chipped in with 30 [...]
CCPA imposes Rs 10 lakh penalty for misleading ads of Sensodyne
New Delhi, Mar 22 (PTI) The Central Consumer Protection Authority (CCPA) has ordered discontinuation of certain misleading advertisements of Sensodyne toothpaste within seven days and imposed a penalty of Rs 10 lakh on the manufacturer. An official release on Tuesday stated that advertisements of Sensodyne products which make the claims 'Recommended by dentists worldwide' and [...]
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