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Cement stock jumps after Nuvama buys stake in the company
Shares of this small-cap stock engaged in the manufacture and sale of Cement surged 2 percent after a block deal involving several companies, including the Nuvama Multi Asset Strategy Return Fund. Price Movement In Wednesday’s trading session, Orient Cement Ltd share price reached an intra-day high of Rs.348.85 per share, rising 1.5 percent from its [...]
Ethanol stock jumps 17% after receiving orders worth ₹993.95 Cr for supply of ethanol
Ethanol stock engaged in manufacturing and supplying ethanol, fructose, sorbitol, and various other industrial chemicals jumped upto 17 percent in the day’s trade upon receiving ethanol supply orders worth Rs. 993.95 Crores. Price Action With a market capitalization of Rs. 1,432 Crores, the shares of Gulshan Polyols Limited were trading at Rs. 229.65 per equity [...]
4 New mutual funds that have launched for investors to invest
Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities, which helps reduce the overall risk of the investment and protect the investor's portfolio from the volatility of individual securities. Mutual funds offer a convenient, diversified, and professionally managed way to invest in [...]
Financially strong stock to buy now for an upside of 25%; Do you own it?
Shares of the third largest cement producer in the world, outside of China, slumped by nearly 1.4 percent to Rs. 10,670.4 on BSE, during the morning trading session of Wednesday. With a market capitalisation of Rs. 3.11 lakh crores, the shares of UltraTech Cement Limited opened at Rs. 10,817.35. Brokerage Target: The global brokerage firm [...]
EV stock jumps 6% after it reports 152% YoY growth in net profits
The shares of the electric vehicle manufacturer gained up to 6 percent after the company’s revenue and net profit magnified significantly by 152 percent and 70 percent in Q2FY25, respectively. With a market capitalization of Rs 13,665.62 crore, the shares of Olectra Greentech Ltd were trading at Rs 1,657.30 per share, increasing around 2.24 percent [...]
Navratna stock jumps after receiving order worth ₹36.78 Cr from South Eastern Railway
The shares of the leading neutral infrastructure provider gained up to 2 percent after the company bagged a work order for Rs 36.78 crore from South Eastern Railway. RailTel Corporation of India Ltd has a market capitalization of Rs 12,378.59 crore, the shares were trading at Rs 385.70 per share, decreasing around 1.69 percent as [...]
Mukul Agrawal stock jumps 4% after receiving order from Indian Railways
The shares of the railway equipment manufacturer gained up to 4 percent after the company received a prestigious order from Integral Coach Factory (ICF), Chennai, Indian Railways worth Rs 1.11 crore. With a market capitalization of Rs 1,431.07 crore, the shares of Oriental Rail Infrastructure Ltd were trading at Rs 232.85 per share, increasing around [...]
Monopoly stocks that are losing their status to keep an eye on
Monopoly stocks characterised by their dominant market positions and pricing power, have long been considered reliable investments. However, the landscape is shifting as various factors threaten the stability of these monopolies. Economic downturns, regulatory scrutiny, and the rise of disruptive technologies are increasingly challenging their market dominance. Here are two such companies which are losing [...]
Small cap stock jumps 4% after receiving ₹103 Cr order from ArcelorMittal Calvert LLC
During Tuesday’s trading session, the shares of this small-cap company surged by 4 percent to hit an intraday high at Rs. 5,779.9 on BSE, after the company received an order worth Rs. 103 crores from ArcelorMittal Calvert LLC, an American-based company. With a market cap of Rs. 2,623.8 crores, the shares of John Cockerill India [...]
Navratna stock in focus after receiving orders worth ₹1,364 Cr from Govt. of India
Navratna stock which is one of the largest realty CPSEs in India with operations in project management consultancy and development in focus upon receiving new work orders worth ~Rs. 1364 Crores. Price Action With a market capitalization of Rs. 26,109 Crores, the shares of NBCC (India) Limited closed at Rs. 96.70 per equity share, down [...]
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Top Editor’s Pick
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 [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
MUM BULLION CLOSING RATES
MUMBAI, MAR 17 (PTI) CLOSING RATES SILVER SPOT (IN RS PER KILO) : 68005.00 STANDARD GOLD (99.5) : 51358.00 PURE GOLD (99.9) : 51564.00 ---------- PTI MUM SVC SVC
India’s gold mine output 1.6 tonnes in 2020; may rise to 20 tonnes/year: WGC
New Delhi, Mar 17 (PTI) India's gold mine production stood at a mere 1.6 tonnes in 2020 but could rise to 20 tonnes per year in the long-term, World Gold Council said on Thursday. The World Gold Council (WGC) launched a report titled ‘Gold Mining in India’, as part of a series of in-depth analysis [...]
Markets maintain momentum despite Fed rate hike; post weekly gains
Mumbai, Mar 17 (PTI) The BSE Sensex vaulted over 1,000 points for the second straight session on Thursday, tracking an overall bullish trend in global equities despite the US Federal Reserve hiking rates and signalling further policy tightening to tame inflation. A reversal in selling by foreign portfolio investors and sustained recovery in the rupee [...]
IIT-M Incubation Cell and RBI Innovation Hub come together to nurture financial inclusion
Chennai, Mar 17 (PTI) Indian Institute of Technology, Madras, Incubation Cell on Thursday announced signing a memorandum of understanding with RBI Innovation Hub, a wholly owned subsidiary of Reserve Bank of India, to develop the ecosystem necessary to support and scale financial technology start-ups in the country.The two entities, under the association, would jointly provide [...]
Vikas EcoTech sees improvement in bottom line with lower energy cost
New Delhi, Mar 17 (PTI) High-end speciality chemicals and polymers producer Vikas EcoTech expects an improvement in its bottom line in the coming quarters as its solar power capacity will help reduce energy cost by around 33 per cent, the company said on Thursday.The New Delhi-based company is increasing its solar power generating capacity by [...]
Rupee to depreciate to 77.5/USD by March 2023 on widening CAD, US Fed rate hikes: Report
Mumbai, Mar 17 (PTI) The rupee may depreciate to around 77.5 against the US dollar by March 2023, as the widening of current account deficit (CAD) due to higher energy prices and capital outflow as a result of rate hikes by the US Federal Reserve are likely to put pressure on the local unit, says [...]
The Crypto Launchpad; One-stop Solution for all your Crypto Projects
Dubai, United Arab Emirates (NewsVoir) Blockchain is just a platform, and its technology allows those cryptocurrencies and their digital tokens to operate within it. Essentially, any transaction capable of being recorded can look to the use of blockchain, whether they be medical records, immigration information, birth certificates, insurance policies - all of that data can [...]
Thomson to foray into AC vertical; aims 10% online mkt share in 3 yrs
New Delhi, Mar 17 (PTI) French electronics brand Thomson, which operates in India through its brand licensee Super Plastronics Pvt Ltd (SPPL), on Thursday said it is set to foray into the residential air condition segment this month.The company, which is expanding its presence into the home appliance category, will introduce a range of its [...]
Chennais Amirta Bags ‘The Best Institution in Hotel Management’ Award at The Times Education Icons 2021-2022
Chennai, Tamil Nadu, India (NewsVoir) Chennais Amirta International Institute of Hotel Management (CAIIHM), a premier hospitality education institution of South India, bagged the Times of India Group's, 'Times Education Icons 2021-2022 - Best Institution in Hotel Management’ award, under the 'Best in Academy and Institution' category. The award was given by renowned Indian Cricketer T. [...]
Manipal Hospitals partners with ConnectedLife to use Fitbit wearable tech in patient care
New Delhi, Mar 17 (PTI) Healthcare services provider Manipal Hospitals on Thursday said it has tied up with ConnectedLife, built with Google Cloud, to use Fitbit’s wearable technology for monitoring patients' progress. The digital initiative aims to use wearable technology to stay connected with the patients post the surgeries like total knee replacement, angioplasty, cardiac [...]
Miracle5 – The E-Bike That Generates Trust
Pune, Maharashtra, India – Business Wire India Miracle5 comes with a credible legacy of one and a half decades in the automotive industry, giving Pune its “first ever electric bike”. It is an eco-friendly brand in the domain of personal transport which is economical and has state-of-the-art features. The brand has carved its space as [...]
BPCL becomes the First Company to Offer Digital Payment to Non-Internet Users
Mumbai, Maharashtra, India (NewsVoir) • BPCL launches UPI 123PAY to enable cylinder bookings for non-internet users • Around 4 crore consumers of BharatGas in rural markets to benefit from this service • BPCL is the first company to enable voice-based payment for non-smart phone users Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune [...]
Brookfield pumps in Rs 2,000 cr into Jindal Poly Films’ packaging films unit
Mumbai, Mar 17 (PTI) Jindal Poly Films has signed a pact with Brookfield Asset Management to sell 25 per cent stake in its packaging films business that will be hived off as a separate unit as part of the Rs 2,000-crore transaction. The proposed investment, which values the hived off entity at Rs 8,000 crore, [...]
MOSPI’s Twitter handle hacked briefly
New Delhi, Mar 17 (PTI) The Twitter handle of the Ministry of Statistics and Programme Implementation (MOSPI) appeared to be hacked briefly on Thursday as it was showing a display picture of Tesla chief Elon Musk. However, the handle, which has over 40,000 followers, was restored later in the afternoon. Sources said the ministry got [...]
NSE, BSE to remain closed tomorrow on account of Holi; Check all the holidays this year
The stock market will remain closed on Friday, 18th March 2021, on account of Holi. The stock markets will close on Thursday and will open on Monday, as the markets remained closed on Saturday and Sunday, every week. Therefore, the markets will remain closed for three consecutive days. Here’s a list of other upcoming holidays [...]
COMMODITY PRICES
MUMBAI, MAR 17 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 787.00 COPPER HEAVY SCRAPS 777.00 COPPER ARMATURE (CREDIT) 765.00 COPPER UTENSILS SCRAP 705.00 CC ROD 831.00 BRASS :- BRASS SHEET CUTTING 570.00 BRASS UTENSIL SCRAP 535.00 BRASS HONEY 510.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 197.00 ALUMINIUM EXTRUSION SCRAP 230.00 ALUMINIUM [...]
Kapil Dev Inaugurates Dava India’s 1st Company Outlet at Indian Oil Retail Outlet in Delhi
New Delhi (India), March 17: Zota Healthcare Limited has established a strong presence since its foundation in 2000 and has become a well-known and renowned NSE-listed pharmaceutical company in India. Excellence, quality, authenticity, challenges, and opportunity are the driving factors that helped Zota healthcare to grow exponentially from strength to strength in the production and [...]
Mercedes to hike model prices by up to 3 pc from April 1
New Delhi, Mar 17 (PTI) Mercedes-Benz India on Thursday said it will increase prices of entire model range by up to 3 per cent from April 1 in order to partially offset the impact of increase in input costs. The prices of the cars retailed by the Pune-based firm would go up in the range [...]
MUM OILSEEDS PRICES
MUMBAI, MAR 17 (PTI) OILS (per 10 Kgs) G.Nut Raw 1600.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. - Sunflower Exp.Ref. 1900.00 Cottonseed(Refined) 1560.00 Refined Palm Oil 1520.00 Soyabean Ref. 1545.00 Imp.Soyabean Crude - Rapeseed Ref. 1540.00 Rapeseed Exp. 1510.00 Copra white 1540.00 Rice Bran 4-7% FFA - Rice Bran 1400.00 Linseed 2000.00 Castor [...]
Channelier FMCG Awards 2021 Honour India’s Best FMCG Brands
Noida, Uttar Pradesh, India (NewsVoir) India’s first and biggest networked distribution management platform, Channelier hosted the Channelier FMCG Awards on 18th December 2021, one of the world’s biggest accolades honouring the brands and products of the Consumer goods industry. The annual Channelier FMCG Awards recognizes and celebrates the success of FMCG companies across India and [...]
MUM PEPPER COPRA CLOSING RATES
MUMBAI, MAR 15 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 10300 COPRA OFFICE KOZIZODE 10000 COPRA RAJAPUR MUMBAI 11500 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1780 T.P ------------------ PTI MUM SVCSVC SVC
FHRAI seeks reduced GST rates for revival of hospitality industry
New Delhi, Mar 17 (PTI) Hotel and restaurant body FHRAI has sought reduction in GST rates for the hospitality industry, as the sector struggles to recover from the impact of the pandemic-induced restrictions. The Federation of Hotel and Restaurant Associations of India (FHRAI) wrote to Finance Minister Nirmala Sitharaman earlier this week making suggestions for [...]
Comm min recommends continuation of anti-dumping duty on Chinese Aluminium foil
New Delhi, Mar 17 (PTI) The commerce ministry has recommended the continuation of anti-dumping duty on Chinese aluminium foil, used in food and pharma sectors, for five years to guard domestic players from cheap imports.In a notification, the ministry's investigation arm Directorate General of Trade Remedies (DGTR) has said there is continued dumping of the [...]
Soybean futures slip on muted demand
New Delhi, Mar 17 (PTI) Soybean prices on Thursday fell by Rs 226 to Rs 7,410 per quintal in the futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for March delivery fell by Rs 226 or 2.96 per cent to Rs 7,410 [...]
Guar seed futures decline on low demand
New Delhi, Mar 17 (PTI) Guar seed prices on Thursday went down by Rs 23 to Rs 6,100 per 10 quintals in the futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery was trading at Rs 6,100, down by Rs 23 or 0.38 per cent, per 10 quintals with [...]
Bharat Serums acquires 26 pc stake in solar power firm
New Delhi, Mar 17 (PTI) Bharat Serums and Vaccines on Thursday said it has acquired a 26 per cent stake in AMP Energy C&I One to support green energy requirements for its manufacturing facility at Ambernath in Maharashtra.Aimed at driving a comprehensive sustainability blueprint for the future, this investment will help BSV avoid carbon dioxide [...]
Modenik Lifestyle Unveils a New Identity for Dixcy Scott Along with Innovations in Product and Packaging
The move aims to capture a new age consumer across the value chain Bengaluru, Karnataka, India (NewsVoir) Modenik Lifestyle, today, announced a new brand identity for its men’s essential clothing (innerwear, thermals and casual wear) brand Dixcy Scott. The new identity is complemented by innovations in both product and packaging that aim to capture a [...]
Guar gum futures gain on spot demand
New Delhi, Mar 17 (PTI) Guar gum prices on Thursday gained Rs 37 to Rs 11,294 per five quintals in 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 0.33 per cent or Rs 37 to Rs 11,294 per [...]
Tech Veterans and Former AWS Executives Join Coralogix to Launch Cybersecurity Venture Snowbit
Mumbai, Maharashtra, India (NewsVoir) Leading provider of observability, Coralogix, headquartered in Tel Aviv, Israel, announced the launch of Snowbit, a full-service cybersecurity venture focussed on empowering cloud-native companies to secure themselves against growing cyber risks in a quick, efficient, and cost-effective manner. Founded and being led by tech veterans and former Amazon Web Services (AWS) [...]
Many GI-tagged products hold potential to boost exports: Comm Min
New Delhi, Mar 17 (PTI) There are several GI-tagged products in different states that need proper marketing to reach more potential buyers in the international markets, the commerce ministry said on Thursday.The ministry said that to promote exports of locally Geographical Indications (GI) tagged agricultural products, the government is identifying new products and export destinations.The [...]
SRL Diagnostics and Roche Diagnostics India Partner to Unveil Laboratory of the Future at Fortis Memorial Research Institute
Gurgaon, Haryana, India (NewsVoir) • The latest integrated system installation will optimize lab resources while providing high-quality results and valued clinical information to clinicians • Empowers the lab to do more in less time within the existing floor plan by integrating clinical chemistry and immunoassay testing onto a single platform SRL Diagnostics, the largest Pathology [...]
PHDCCI HOSTED AN INTERACTIVE SESSION WITH SHRI SHIV KHERA
Winners don't do different things, they do things differently: Shiv Khera NEW DELHI, March 17, 2022 /PRNewswire/ -- PHD Chamber of Commerce and Industry had organised an interactive session with Shri Shiv Khera ji, Author, Educator, Business Consultant, on March 16, 2022 at PHD House, New Delhi, on the topic - 'Winners don't do different [...]
HMSI drives in new Africa Twin Adventure Sports bike at Rs 16.01 lakh
New Delhi, Mar 17 (PTI) Honda Motorcycle & Scooter India on Thursday said it has launched the updated version of Africa Twin Adventure Sports bike in the country with a price starting at Rs 16.01 lakh (ex-showroom).The company has initiated the bookings of the model across its big wing topline showrooms.The manual transmission version of [...]
Need for robust policy framework for promotion of e-sports sector: AIGF
New Delhi, Mar 17 (PTI) With e-sports and e-gaming gaining traction, there is a need for robust policy frameworks and the creation of digital infrastructure to promote the sector, All India Gaming Federation (AIGF) has said.E-sports and e-gaming, under the umbrella of the digital economy, are going to play an important role in the Indian [...]
Singapore Airlines’ in-flight retailer says 4,749 customers exposed to phishing attack
Singapore, Mar 17 (PTI) Personal information of 4,749 customers of the Singapore Airlines' in-flight retailer KrisShop was exposed to an unknown party after a recent phishing attack, a media report said on Thursday. The personal data exposed included names, e-mail addresses, residential addresses, contact numbers and KrisShop e-voucher numbers, The Straits Times reported. The bank [...]
HCC, OMIL bag Rs 609 crore-contract for water supply project in Rajasthan
New Delhi, Mar 17 (PTI) A consortium of Hindustan Construction Company and Om Infra Ltd has been awarded a Rs 609 crore contract by the Rajasthan government's Public Health Engineering Department for the construction of the Nokha Water Supply Project.The project aims to provide functional household tap connection (FHTC) in the Bikaner district. Hindustan Construction Company [...]
Road Ministry proposes to formalise movement of foreign personal vehicles
New Delhi, Mar 17 (PTI) The Ministry of Road Transport and Highways (MoRTH) on Thursday proposed to formalise the movement of personal vehicles registered in other countries when entering or plying in Indian territory.In a draft notification, the MoRTH said under Inter-Country Non-Transport Vehicle Rules, the vehicle operating in Indian territory shall carry a valid registration [...]
One Moto India inks pact with Reliance General Insurance to provide motor insurance
New Delhi, Mar 17 (PTI) Electric two-wheeler maker One Moto India on Thursday said it has partnered with Reliance General Insurance to provide motor insurance to its customers.The company, which has launched three electric scooters -- Byka, Electa, and Commuta, said the partnership will enable easy insurance service to its customers.One Moto India Vice-President, Marketing [...]
Yasho Industries to invest Rs 350 cr to set up greenfield project
New Delhi, Mar 17 (PTI) Speciality and fine chemicals manufacturer Yasho Industries Ltd has announced a capital expenditure of Rs 350 crore for Phase 1 of its greenfield project at Pakhajan (Dahej), Gujarat.The company's board has approved the investment for phase 1 at this new facility to manufacture lubricant additives and rubber chemicals with a [...]
Crude oil futures gain on spot demand
New Delhi, Mar 17 (PTI) Crude oil prices on Thursday rose by Rs 48 to Rs 7,344 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 48 or 0.66 per cent to Rs 7,344 per barrel in 3,455 [...]
PepsiCo India partners N-Drip to help farmers to enhance water efficiency
New Delhi, Mar 17 (PTI) Food and beverages major PepsiCo India on Thursday announced a partnership with N-Drip, a manufacturer of gravity-powered micro-irrigation system, to help farmers in India increase water efficiency.This is part of a global partnership between PepsiCo and N-Drip, aimed at increasing water efficiency across 10,000 hectares around the world by 2025, [...]
Moody’s slashes 2022 India growth estimate to 9.1 pc on lower capex
New Delhi, Mar 17 (PTI) Moody's on Thursday slashed India's growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government's capital expenditure. In its 'Global Macro Outlook 2022-23 (March 2022 Update): Economic Growth will suffer as fallout from Russia's [...]
MUM BULLION OPEN RATES
MUMBAI, MAR 17 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 67665.00 STANDARD GOLD (99.5) : 61166.00 PURE GOLD (99.9) : 51372.00 ------------------ PTI MUM SVC SVC
PVR NEST and Deakin University announce the winners of the ‘You for Youth’ initiative
NEW DELHI, March 17, 2022 /PRNewswire/ -- PVR NEST, the Corporate Social Responsibility (CSR) arm of PVR Limited, and Deakin University, one of the most progressive international education providers, announced the winners of the joint digital campaign initiative 'You for Youth' – a campaign aimed at advocating the need for focusing on Sustainable Development Goals [...]
Jindal School of Liberal Arts & Humanities Students to Participate in Art Exhibition at Red Fort
Sonipat, 17 March, 2022: The Jindal School of Liberal Arts and Humanities (JSLH) at O.P. Jindal Global University is delighted to announce its participation in the upcoming Arts Exhibition at the Red Fort organised by the Indira Gandhi National Centre for the Arts. The Upcoming BFA exhibition at the Red Fort scheduled to open at [...]
Moody’s slashes 2022 India growth estimate to 9.1%
Moody's on Thursday slashed India's growth estimate for the current year to 9.1 per cent, from 9.5 per cent earlier, saying high fuel and fertilizer import bill could limit the government's capital expenditure. In its Global Macro Outlook 2022-23 (March 2022 Update) titled: Economic Growth will suffer as fallout from Russia's invasion of Ukraine builds, [...]
SBI-FOREX RATES
MUMBAI, MAR 17 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY CODE TTBUY TTSEL BILLBUY TTSEL USD/INR 75.25 76.75 75.19 76.91 EUR/INR 82.47 85.28 82.41 85.45 GBP/INR 98.35 101.52 98.27 101.71 JPY/INR 62.96 65.05 62.91 65.18 [...]
‘Media and Entertainment’ Fortnight at India Pavilion to Focus on Global Investments
Ministry of Information & Broadcasting, Industry Leaders and Celebrities to participate during the fortnight Dubai, United Arab Emirates (NewsVoir) The India Pavilion at EXPO2020 Dubai is set to host the ‘Media & Entertainment fortnight’ starting March 18th and showcase vast business and investment opportunities across India’s media & entertainment industry to global audience. Mr. Apurva [...]
Caleedo – disrupting the facilities management, workplace and patient care services at hospitals with its first-of-its-kind digital SaaS playbook
NEW DELHI and GURUGRAM, India, March 17, 2022 /PRNewswire/ -- Parikshit Roy, Shantanu Rudra, Arabinda Chakraborty & Sumit Sarkar, seasoned and senior business leaders, founded Caleedo, a B2B SaaS venture to digitize, at-scale, blue-collar led sectors like Business Support Services (BSS)/Facilities Management and Patient Care Services (PCS) in hospitals. Estimated at USD 1.3 Trillion (Frost [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, MAR 17 (PTI) Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 560 / 620 GINGER BLEACHED -- GINGER UNBLEACHED 155 COPRA OFFICE ALAPUZHA 10300 COPRA OFFICE KOZIZODE 10000 COPRA RAJAPUR MUMBAI 11500 COPRA EDIBLE MUMBAI 12500 COCHIN COCONUT OIL ---- COCONUT OIL MUMBAI 1780 T.P ------------------ PTI MUMSVC SVC
RBI-MONEY MARKET OPERATIONS
MUMBAI, Mar 17 (PTI) Money Market Operations as on March 16, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 464,417.25 3.29 1.00-5.25 I. Call Money 7,705.01 3.24 2.00-3.55 II. Triparty Repo 344,745.85 3.29 3.25-3.35 III. Market Repo 111,888.49 3.28 1.00-3.45 IV. Repo [...]
Godrej Properties sells 855 homes worth Rs 1,650 crore in Noida project
New Delhi, March 17 (PTI) Realty firm Godrej Properties Ltd on Thursday said it has sold 855 homes worth Rs 1,650 crore within a year of the launch of its project Godrej Woods in Noida.This includes sales of Rs 509 crore in March 2021 and Rs 1,141 crore so far in FY22, the company said [...]
Worker dies at Dalmia Cement’s Bokaro plant, protests on alleging murder
Bokaro, Mar 17 (PTI) A contractual worker died at the Bokaro plant of Dalmia Cement in Jharkhand, leading to protests.The protesting workers at the plant in Balidih police station area alleged that he was beaten to death at the workers' camp by officials of the contractor firm.However, Dalmia Cement said the worker died due to [...]
Oizom launches AQBot, a smart, affordable Industrial air quality monitor
AHMEDABAD, India, March 17, 2022 /PRNewswire/ -- The comprehensive, industrial-grade air quality monitoring device comes in 14 variants and helps detect a wide range of air pollutants and particulate matter providing real-time actionable insights for diverse industrial needs. Ahmedabad-based environment monitoring technology solutions provider, Oizom, launched its recent innovation – AQBot – an industrial-grade, single-parameter [...]
Dr. Sunildatta Chaudhari Awarded Savali Samman by the Governor, Bhagat Singh Koshyari, for His Exemplary Work
People from diverse sectors facilitated recently by Governor of Maharashtra, Bhagat Singh Koshyari for their model work done towards social developments Mumbai, Maharashtra, India – Business Wire India Maharashtra Governor Bhagat Singh Koshyari felicitated the personalities who have carved their own niche and remarkable social presence in the country and honored them with the ‘MaharashtrachiSavali’ [...]
Formula 1, Tata Communications announce multi-year strategic collaboration
Formula 1 and Tata Communications on Wednesday jointly announced a multi-year strategic collaboration for end-to-end managed network services for video contribution globally. With this deal, Tata Communications will return to sports as the official broadcast connectivity provider for Formula 1. "We are delighted to welcome Tata Communications back as a partner following previous successes in [...]
UK wants every country to ‘move away’ from Russian oil: PM Johnson’s spokesperson
London, Mar 16 (PTI) The UK wants every country to move away from using Russian oil and gas because it directly funds President Vladimir Putin’s war machine, British Prime Minister Boris Johnson’s spokesperson said on Wednesday.Asked about India’s proposed move to purchase crude oil from Russia, the spokesperson said the UK Prime Minister respects every [...]
Centre yet to pay GST dues of Rs 26,000 crore to Maharashtra: Minister
Mumbai, Mar 16 (PTI) The Union government has not yet paid GST dues of Rs 26,000 crore to Maharashtra and if the state gets this money it would be very helpful, Minister of State for Finance Shambhuraj Desai told the state Legislative Council on Wednesday.Responding to a discussion on the Budget in the upper house, [...]
Sri Lanka to work with IMF to resolve country’s worsening economic crisis: President Gotabaya Rajapaksa
Colombo, Mar 16 (PTI) Sri Lanka will work closely with the IMF to resolve the worsening economic crisis that has caused acute shortages of essentials, power cuts and long fuel queues in the island country, President Gotabaya Rajapaksa said in an address to the nation on Wednesday.Rajapaksa said the government was trying hard to resolve [...]
Won’t let any impediment affect recovery of economy post-COVID: K’taka CM Bommai
Bengaluru, Mar 16 (PTI) Karnataka Chief Minister Basavaraj Bommai on Wednesday said his government would not let any impediment hit the speedy economic recovery post-COVID in the State. "You all know what kind of situation was created due to COVID-19 in the last two years. The effect was not just limited to health sector but [...]
Adani Power completes acquisition of Essar’s 1,200 MW Mahan project in MP
New Delhi, Mar 16 (PTI) Adani Power on Wednesday said it has completed the acquisition of Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh. The cost of acquisition of Essar Power M P Ltd, which is undergoing insolvency resolution, is over Rs 4,250 crore, including estimated cost of compliance with environmental and [...]
WTO DG welcomes breakthrough on COVID-19 vaccine waiver
New Delhi, Mar 16 (PTI) World Trade Organization Director-General Ngozi Okonjo-Iweala on Wednesday welcomed the breakthrough among four member countries - India, South Africa, EU and the US - on a waiver of the trade-related intellectual property (TRIP) agreement for the production of Covid-19 vaccines. She said that this is a major step forward and [...]
Amazon seeks SC order for resumption of arbitration & preservation of FRL assets
New Delhi, Mar 16 (PTI) US e-commerce major Amazon Wednesday apprehended the “disappearance” of assets and sought an interim order from the Supreme Court to ensure the preservation of assets of Future Retail Ltd besides resumption of arbitration over FRL’s merger deal with Reliance Retail. A bench comprising Chief Justice N V Ramana and Justices [...]
University of Jammu signs pact with Delhi firm to set up centre of excellence lab
Jammu, Mar 16 (PTI) The University of Jammu on Wednesday signed a pact with a Delhi-based firm Sedulity Solutions and Technologies for setting up a centre of excellence Lab for cybersecurity and cyber forensics solutions, an official said. The memorandum of understanding (MoU) for setting up the Lab at the PG Department of Computer Science [...]
Israel firm Coralogix to invest USD 10 mn in Delhi cybersecurity unit Snowbit
Mumbai, Mar 16 (PTI) Israel-based technology start-up Coralogix is launching a cybersecurity unit Snowbit in Delhi-NCR and will invest USD 10 million in the first phase of operations. Snowbit, which is a SaaS-based cybersecurity unit that enables cloud-native companies across domains to comprehensively monitor and address cybersecurity risks, has already hired 15 persons and will [...]
Taking initiatives in tribal areas in coordination with various ministries to address problems: Union Minister
New Delhi, Mar 16 (PTI) The government is taking a number of initiatives for the welfare and protection of tribal people and regions in coordination with various ministries, Minister of Tribal Affairs Arjun Munda informed Rajya Sabha on Wednesday. The health and welfare of the tribal people are a priority for this government and through [...]
Bharat Biotech enters into partnership with Biofabri for TB vaccine
New Delhi, Mar 16 (PTI) Bharat Biotech on Wednesday said it has entered into a partnership with Biofabri, a Spanish biopharmaceutical firm, for the development, manufacturing and marketing of a new tuberculosis vaccine. This partnership will guarantee the supply of tuberculosis (TB) vaccines in more than 70 countries, especially in Southeast Asia and sub-Saharan Africa, [...]
Arunachal govt has terminated agreements with 44 private power developers: Dy CM
Itanagar, Mar 16 (PTI) The Arunachal Pradesh government has terminated 44 agreements with private power developers as they were "not inclined to execute" projects, Deputy Chief Minister Chowna Mein informed the assembly on Wednesday. During a zero-hour discussion initiated by NPP member Tarn Dakpe, Mein said the terminated projects were offered to central public sector [...]
BBB recommends Alok Choudhary for SBI Managing Director post
New Delhi, Mar 16 (PTI) The Banks Board Bureau (BBB) on Wednesday recommended the name of Alok Kumar Choudhary for the post of managing director of State Bank of India. The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar Saha for MD position of Union [...]
Logically raises USD 24 mn; Vitruvian Partners leads funding round
New Delhi, Mar 16 (PTI) Logically, a technology company using advanced Artificial Intelligence to tackle misinformation, on Wednesday announced the completion of USD 24 million (about Rs 182 crore) funding round, led by Vitruvian Partners.The funding round also saw investments from Amazon Alexa Fund, and existing seed investors XTX Ventures and Northern Powerhouse Investment Fund [...]
4 firms become wholly-owned arms of JSW Neo Energy
New Delhi, Mar 16 (PTI) JSW Energy on Wednesday said JSW Renew Energy (Kar) Ltd, JSW Renewable Energy (Dolvi) Ltd, JSW Energy (Kutehr) Ltd and JSW Hydro Energy Ltd have become wholly-owned subsidiaries of JSW Neo Energy Ltd (JSWNEL). To streamline the renewable portfolio and set up a holding structure to unlock and enhance the [...]
Haryana passes bill to exempt tractors from ban on old diesel vehicles until Jun 2025
Chandigarh, Mar 16 (PTI) The Haryana Assembly on Wednesday passed a bill to exempt tractors from the rule that bans diesel vehicles older than 10 years from plying in NCR areas. The Haryana Laws (Special Provisions) Amendment Bill, 2022, to amend the Haryana Laws (Special Provisions) Act, 2019, was taken up for discussion and passed [...]
Plant-based food industry players meet MoS Food Processing
New Delhi, Mar 16 (PTI) A delegation of Plant Based Foods Industry Association (PBFIA) met Prahlad Singh Patel, Minister of State for Food Processing Industries, here and sought the government's support to grow this sector. The delegation, led by the Association’s Executive Director, Sanjay Sethi, briefed the Union Minister on the state of the nascent [...]
Sebi slaps Rs 30 lakh fine on 6 entities in illiquid stock options case
New Delhi, Mar 16 (PTI) Capital markets regulator Sebi on Wednesday imposed penalties totalling Rs 30 lakh on six entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In six separate orders, the regulator levied a fine of Rs 5 lakh each on Sumita Mandal, Sumit Agarwal, Sumeet Bhatia and [...]
Nissan Motor appoints Frank Torres as president of Indian operations
New Delhi, Mar 16 (PTI) Japanese auto major Nissan Motor Co on Wednesday said it has appointed its senior executive Frank Torres as the new president of Indian operations. Torres has also been appointed Region Divisional Vice President for Business Transformation in the AMIEO (Africa, Middle East, India, Europe and Oceania) region, the company said [...]
IFFCO Chairman Dileep Sanghani meets Prime Minister on Tuesday; highlights benefits of Nano Urea
New Delhi, Mar 16 (PTI) Fertiliser major IFFCO Chairman Dileep Sanghani met Prime Minister Narendra Modi on Tuesday to highlight the performance of the co-operative and its product Nano Urea. IFFCO Marketing Director Yogendra Kumar was also present in the meeting where he updated on ongoing nano-technology-based initiatives for Indian farmers, especially IFFCO Nano Urea [...]
Gadkari launches India’s 1st green hydrogen fuel-cell EV Toyota Mirai; 650 km range in one charge
New Delhi, Mar 16 (PTI) Union Minister Nitin Gadkari on Wednesday launched India's first green hydrogen-based advanced fuel cell electric vehicle (FCEV), Toyota Mirai, and said this is the first-of-its-kind project in India that aims to create an ecosystem for such vehicles in the country. Speaking at the event, Gadkari said FCEV, powered by hydrogen, [...]
SGX Nifty IFSC to run on TCS trading platform
Mumbai, Mar 16 (PTI) Tata Consultancy Services, which controls over 40 per cent of the capital markets infrastructure solutions, has won a contract from Singapore Stock Exchange to run trading and settlement platforms for the upcoming SGX Nifty Exchange at International Financial Services Centre in Gandhinagar.To be known as NSE IFSC-SGX Connect, the platform will [...]
India Cements launches new cement brand tagging star cricketer M S Dhoni’s traits
Chennai, Mar 16 (PTI) Noted cement manufacturer The India Cements Ltd on Wednesday strengthened its product portfolio here on Wednesday as it unveiled two new brands -- Conkrete Super King and Halo Super King. The company said the Conkrete Super King brand resonates with former Indian cricketer Mahendra Singh Dhoni's on-field demeanour while the latter [...]
Bharat Biotech, Biofabri tie up to develop, make, distribute TB vaccine ‘MTBVAC’
Hyderabad, Mar 16 (PTI): Bharat Biotech on Wednesday announced partnership with Biofabri, a Spanish biopharmaceutical company, to develop, manufacture and market a new tuberculosis vaccine ‘MTBVAC’. The partnership would guarantee the supply of TB vaccines in more than 70 countries, especially in Southeast Asia and sub-Saharan Africa where there are a high TB incidence, Bharat [...]
Rajasthan govt earns Rs 3,601-cr revenue from petroleum, its products in current fiscal till Feb
Jaipur, Mar 16 (PTI) The Rajasthan government has earned a total revenue of Rs 3,601 crore from petroleum and its products till February in the current financial year, which is Rs 1,947 crore more than the corresponding period of the previous year. More than two times revenue has been earned from the petroleum sector till [...]
Hoarding on price hike expectation leads to surge in petrol, diesel sales
New Delhi, Mar 16 (PTI) India's auto fuel sales surged past pre-pandemic levels in the first half of March as consumers and dealers topped tanks in anticipation of a likely price hike post assembly elections. Dealers, as well as the public, topped up their tanks as they anticipated prices, that have been put on hold in [...]
Confident of getting emergency use authorisation for use of Corbevax vaccine in 5-12 yrs group: Biological E
New Delhi, Mar 16 (PTI) Hyderabad-based pharmaceuticals and biologics major Biological E Ltd on Wednesday expressed confidence over getting emergency use authorisation for use of its Corbevax anti-COVID vaccine in children in the age group of 5-12 years. The company's Corbevax vaccine is being used for the inoculation of children in the age group of [...]
SC seeks Future’s response on Amazon’s plea on resumption of arbitration & FRL assets
New Delhi, Mar 16 (PTI) The Supreme Court Wednesday asked the Future group to file its reply to an interim plea of US e-commerce major Amazon seeking resumption of arbitration over Future Retail's merger deal with Reliance Retail and a direction to ensure the preservation of FRL’s assets. A bench comprising Chief Justice N V [...]
Would take steps for value adjustments, reversal of takeover of stores by Reliance, says FRL
New Delhi, Mar 16 (PTI) Future Retail Ltd (FRL) on Wednesday said it is "committed" to reversal of takeover of its stores by Reliance Retail and will take all such action as may be necessary to seek value adjustments. The Kishore Biyani-led firm also said the action of the Reliance Group has come as a [...]
Opposition demands more budget for road maintenance
New Delhi, Mar 16 (PTI) The Opposition in Lok Sabha on Wednesday pressed for increasing the budget for maintenance of roads and stringent laws to deal with overloading of vehicles and reducing incidents of road accidents. Initiating a debate on demand for grants of Ministry of Road Transport and Highways, Congress member A R Reddy [...]
Maha govt wants Centre to waive GST on ‘The Kashmir Files’
Mumbai, Mar 16 (PTI) Maharashtra Deputy Chief Minister Ajit Pawar on Wednesday rejected the demand of BJP legislators to make "The Kashmir Files" tax-free in the state, saying if the Centre waives GST on the movie, it will apply to the entire country. Replying to a debate on state Budget in the Legislative Assembly, Pawar, [...]
List of companies that are about to pay dividends this month
Dividend-paying stocks: Dividends form a good amount of passive income for many people. A few Indian companies have released details related to the dividends that they are about to pay. There are four dates that are associated with dividends: Announcement date: The day on which a company announces its intention to pay dividends.Record date: The [...]
Gadkari launches India’s first green hydrogen-based fuel cell EV Toyota Mirai; 600 km in one charge
New Delhi, Mar 16 (PTI) Union Minister Nitin Gadkari on Wednesday launched India's first green hydrogen-based advanced fuel cell electric vehicle (FCEV), Toyota Mirai, and said this is the first-of-its-kind project in India that aims to create an ecosystem for such vehicles in the country. Speaking at the event, Gadkari said FCEV, powered by hydrogen, [...]
Cosmofeed raises US$1.5 Million in seed round led by growx ventures, Waveform Ventures and 9 Unicorns
- Founded by Vivek Yadav & Vishnu Pathak, the community & content monetization platform has grown rapidly to a strong user base of 50K, with a 25% paid cohort - Cosmofeed is set to ramp up its product offering and focus on sustainable growth with new hires for Product, Engineering & Customer Success MUMBAI, India, [...]
After 2 years of sales downturn, gulal traders see silver lining in polls, drop in Covid cases
Lucknow, Mar 16 (PTI) The recently-concluded polls and decrease in coronavirus infections have given a much-needed boost to the gulal traders in the state capital Lucknow ahead of the Holi festival. Gulal or dry coloured powder is used extensively during Holi. Gulal traders, specially those dealing in herbal gulal, have seen a spike in orders [...]
OneWeb gets LoI for GMPCS; service introduction in India to be impacted amid few launch delays
New Delhi, Mar 16 (PTI) OneWeb on Wednesday said it has received the letter of intent (LoI) for GMPCS licence from the telecom department, but admitted that the "recent developments" have led to a few launch delays, which will impact service introduction to lower latitude regions, including India. OneWeb, however, exuded confidence that the delay [...]
Rubix and Finao Collaborate to Bring Blockchain Infrastructure to Non-Profits, Starting with the YMCA
Hyderabad, Telangana, India & Seattle, Washington, United States – Business Wire India Rubix Blockchain Pte Ltd. (https://rubix.net/), and FINAO LLC (https://finaoeducation.com/) are collaborating to build a 360 degree Rubix blockchain infrastructure for non-profits, initiating with the YMCA (https://ymca.org/). The collaboration will yield a robust decentralized online ecosystem and services based on the Rubix blockchain. According [...]
Mahila Money and Visa Team Up to Support Women Entrepreneurs With Mahila Money Prepaid Card
Mahila Money Prepaid Card, powered by Transcorp, helps women entrepreneurs meet their cash flow and business needs New Delhi, Delhi, India – Business Wire India Mahila Money, Visa and Transcorp have teamed up to launch the Mahila Money Prepaid Card, a product created for women entrepreneurs to use digital payments more effectively. The partnership leverages [...]
‘India is Best at Building Big Businesses’ – Israel Ambassador to India
Mumbai, Maharashtra, India (NewsVoir) • Indian startups can compete in global market with Israel’s Deep Tech; say experts at 1st India Israel Deep Tech Summit by CII and Onnivation Leading technologists, investors and CXOs, at the 1st India Israel Deep Tech Summit echoed the significance of Deep Tech in optimising technology to drive innovation among [...]
CII (southern regions) gets new chairperson, deputy chairman
Chennai, Mar 16 (PTI) Co-founder and joint managing director of Bharat Biotech International Ltd Suchitra K Ella has been elected as chairperson of Confederation of Indian Industry (CII)-southern region for the year 2022-23. Volvo Group India president and managing director Kamal Bali is the deputy chairman, a press release from CII said on Wednesday. Prior [...]
MoRTH constructs 8,045 kms of highways during Apr-Feb ’22
New Delhi, Mar 16 (PTI) The Ministry of Road Transport and Highways (MoRTH) through its various implementing agencies has constructed 8,045 kms of highways up to February 2022 during the current financial year, Parliament was informed on Wednesday. The National Highways Authority of India (NHAI) and National Highways and Infrastructure Development Corporation (NHIDCL) are primarily [...]
Siphoning of RFL funds: SC dismisses interim bail plea of Shivinder Mohan Singh
New Delhi, Mar 16 (PTI) The Supreme Court on Wednesday dismissed the plea for interim bail of former Fortis Healthcare promoter Shivinder Mohan Singh who along with others is accused of misappropriating Rs 2,397 crore of Religare Finvest Ltd (RFL) funds. Singh had sought interim bail for a short period on “humanitarian grounds” for helping [...]
Led by start-ups, PE/ VC fund inflows double to USD 5.8 bn in Feb against a year ago: Report
Mumbai, Mar 16 (PTI) Record fund inflows through private equity and venture capital funds, primarily into the start-up ecosystem, have propelled the overall inflows to USD 5.8 billion in February, which is double the amounts annualised, according to industry data. According to the monthly data tabulated by the IVCA-EY (Indian Venture and Alternate Capital Association), [...]
Transformation and Responsibility: BMW Group Steps up Technological Change for Sustainable Future
Gurugram, Haryana, India & Munich, Germany – Business Wire India • Outlook: Bold technological transformation and business success will continue to go hand in hand in 2022 • E-mobility ramp-up: 15 BEV models in production • Electromobility: Neue Klasse will speed up market penetration – BEV share of 50 percent could be reached earlier • [...]
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