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Chemical stock in focus after company announces capex worth ₹1500 Cr in Gujarat
Shares of a chemical-based multi-business entity engaged in the manufacturing of industrial and specialty intermediates on Tuesday surged nearly 1 percent to Rs. 2,299.95 on BSE, after the Board of the company approved capex plans of more than Rs. 1,500 crores. With a market cap of Rs. 65,213.5 crores, the shares of SRF Limited closed [...]
Defence stock in focus after company announces dividend and 1:2 stock split
Defence stock engaged in the construction, repair, and refurbishment of warships, Submarines and many more in focus upon considering and approving a stock split of 1:2 and an interim dividend of Rs. 23.19 per equity share. Price Action With a market capitalization of Rs. 83,902 Crores, the shares of Mazagon Dock Shipbuilders Limited closed at [...]
Midcap stock falls 10% after reporting 24% QoQ decrease in net profits
During Tuesday’s trading session, the shares of India’s leading Plastics product manufacturing company slumped nearly 10.4 percent to Rs. 4,458.45 on BSE, after the company reported Q2 FY25 financial results with a decline in net profit by 24.3 percent QoQ and 15 percent YoY. With a market cap of Rs. 56,657.2 crores, at 03:26 p.m., [...]
Midcap stocks falls 7% after company’s revenue falls by 34% YoY in Q2
Shares of India's leading digital ecosystem for consumers as well as merchants slumped nearly 7.7 percent on BSE to Rs. 669.65 on Tuesday, despite reporting decent Q2 FY25 financial results with a net profit of Rs. 930 crores, due to one-time exceptional gains. With a market cap of Rs. 44,412 crores, at 02:00 p.m., the [...]
Bank stock falls 11% after reporting 43% YoY decrease in net profit
This major small finance bank's shares fell nearly 11% following a 21% year-on-year decline in net profit and a rise in non-performing assets (NPA) in Q2 FY25. Share price variations: With a market capitalization of Rs. 4,852.99 crores, Jana Small Finance Bank Ltd. fell to an intraday low of Rs. 454.75 representing a 10.85 percent [...]
Smallcap stock hits 5% lower circuit despite reporting 100% YoY increase in net profits
Shares of this small-cap stock in the IT networking equipment and software sector hit a 5 percent lower circuit of Rs.3,621.55 per share on Tuesday morning trade despite reporting robust quarterly results. Share Price Movement In Tuesday’s trading session, E2E Networks Ltd share price opened at a low of Rs.3,621.55 per share, falling 5 percent [...]
Smallcap stock jumps 3% after receiving order worth ₹62.22 Cr for supply of MRI machines
EMS stock engaged in designing and manufacturing a range of products under the electrical components domain like EV chargers, tools, molds, dyes, and many more jumped 3 percent in the day’s trade upon receiving a work order worth Rs. 62.22 Crores for the supply of Whole Body MRI Machines. Price Action With a market capitalization [...]
Hyundai Motor India listed at 4% discount; Should you buy or hold?
The Passenger Cars and Utility Vehicles industry in India is poised for significant growth, with the market projected to expand from $39.82 billion in 2024 to $54.76 billion by 2030, reflecting a CAGR of 5.45%. Utility vehicles now dominate, accounting for over 55% of new sales, indicating a shift in consumer preference. With a market [...]
AI stock in focus after signing MoU to manufacture robots, drones, and autonomous vehicles
A.I stock engaged in the business of software development, providing surveillance, custom robots, drones, and many more in focus upon signing an MoU to Manufacture Robots, Drones, and Autonomous vehicles. Price Action With a market capitalization of Rs. 2,026 Crores, the shares of Kody Technolab Limited were trading at Rs. 3,180 per equity share, down [...]
Monopoly stock to buy now for an upside of 25%; Do you own it ?
The share price of India's leading commodity derivatives exchange hit a 52-week high to Rs.6,695.95 per share on Tuesday after reputed brokerage firm UBS set a target price indicating potential growth. Share Price Movement In Tuesday’s trading session, Multi Commodity Exchange of India Ltd's (MCX India) share price hit a 52-week high of Rs.6,695.95 per [...]
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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
HarperCollins is proud to announce the publication of Heroes of 1971: The Bravehearts of the War That Gave Birth to Bangladesh edited by Rajesh Ramachandran
NEW DELHI, March 16, 2022 /PRNewswire/ -- Heroes of 1971 tells the stories of the fearless warriors who fought heroic battles to liberate Bangladesh, redrawing the map of South Asia in what is still considered the most conclusive military victory—in a 'just war'—in contemporary history. Written by serving and retired officers of the three services [...]
Go First resumes Srinagar-Sharjah flight, cargo operations
Srinagar, Mar 16 (PTI) Private airliner Go First on Wednesday announced the resumption of a direct international flight as well as the international cargo operations from Srinagar to Sharjah. Go First, formerly known as GoAir, was the first airline to introduce direct service from Srinagar to Sharjah last year under the air bubble agreement. Go [...]
Govt invites bids from IBBI-registered firms for valuing RINL’s assets
New Delhi, Mar 16 (PTI) The government has invited bids from firms for valuing the assets of privatisation-bound RINL or Vizag Steel. The Cabinet Committee of Economic Affairs (CCEA) on January 27 gave 'in-principle' approval for 100 per cent disinvestment of government stake in Rashtriya Ispat Nigam Limited (RINL), also called Visakhapatnam Steel Plant or [...]
BULLION CLOSING RATES
BULLION CLOSING RATE MUMBAI, MARCH 16 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67288.00 67182.00 STANDARD GOLD (99.5) : 51110.00 51139.00 PURE GOLD (99.9) : 51315.00 51345.00 -------------------- KOLKATA BULLION CLOSING SILVER RDY.(BAR) : Rs.67,600.00(67,700.00) Per Kg.SILVER RDY.(PORTION) : Rs.67,700.00(67,800.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.51,950.00(52,200.00) Per 10 Gms.GOLD [...]
Curelink raises USD 3.5 mn in funding round led by Elevation Capital, Venture Highway
New Delhi, Mar 16 (PTI) Health-tech platform Curelink on Wednesday said it has raised USD 3.5 million (about Rs 26 crore) in a seed funding round led by Elevation Capital and Venture Highway. The round also saw participation from Digital Sparrow Capital and angel investors such as Paytm Chairman Vijay Shekhar Sharma; Ankush Sachdeva and [...]
Karti Chidambaram asks govt to regulate online delivery firms to protect workers of gig economy
New Delhi, Mar 16 (PTI) Congress leader Karti Chidambaram on Wednesday urged the government to issue guidelines and regulate delivery companies such as Swiggy and Zomato to protect delivery agents from unrealistic targets and ensure their safety.Raising the issue during Zero Hour in the Lok Sabha, Chidambaram spoke about the gig economy, explaining that a [...]
Oil importers India, Thailand to be hit hardest by Ukraine crisis among APAC nations : S&P
New Delhi, Mar 16 (PTI) Large oil importers like India and Thailand will be the most affected among Asia-Pacific countries by the ongoing Russia-Ukraine war, S&P Global Ratings has said. S&P estimates the Indian economy to grow 7.8 per cent in the next fiscal year beginning April 1, 2022. Besides, the economy is expected to [...]
Employers keen to appoint more apprentices in H1 2022: Report
New Delhi, Mar 16 (PTI) A significant percentage of employers are keen to increase their apprentice appointment in the first six months of this year, mainly on account of awareness and reforms in the apprenticeship system, according to a report.According to TeamLease Apprenticeship Outlook Report for H1 (January to June 2022), 72 per cent of [...]
Sensex soars 1,040 pts, Nifty nears 17k as bulls regain footing
Mumbai, Mar 16 (PTI) Equity indices roared back to life on Wednesday after a day's pause on across-the-board buying, in tandem with a sharp rebound in world stocks amid hopes of a breakthrough in Russia-Ukraine talks. A strong recovery in the rupee added to the momentum, while investors also awaited the US Federal Reserve's policy [...]
JSW Cement inks pact with PRESPL for biomass-based fuel
New Delhi, Mar 16 (PTI) JSW Cement has inked a pact with Punjab Renewable Energy Systems to use agricultural waste as biomass energy in its cement-manufacturing operations, a statement said. According to the MoU, Punjab Renewable Energy Systems will build a sustainable supply chain of agricultural waste to be utilized as biomass energy in the [...]
Gadkari launches green hydrogen-based fuel cell electric vehicle Toyota Mirai
New Delhi, Mar 16 (PTI) Union Minister Nitin Gadkari on Wednesday launched 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, is one [...]
Rajasthan govt’s excise revenue jumps 21 pc to Rs 10,580.7 cr till Feb in FY22 against 2018-19
Jaipur, Mar 16 (PTI) The Rajasthan government has witnessed over 21 per cent jump in excise revenue to Rs 10,580.7 crore till February in 2021-22, from Rs 8,694.14 crore in 2018-19. Replying to a question raised by BJP MLA Gyanchand Parekh in the Rajasthan Assembly on Wednesday, the state's Excise Minister Parsadi Lal Meena shared [...]
Govt considering to develop operating system: MoS IT
New Delhi, Mar 16 (PTI) The government is considering developing an operating system as part of its efforts to push the design and innovation ecosystem in the electronics and IT sector, Parliament was informed on Wednesday. Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said that no funds have been allocated by the [...]
Paper stocks rally; Andhra Paper, J K Paper up more than 20% in a week
Schools, colleges, offices and courts have reopened in the last one month and this has resulted in a shortage of paper. Paper manufacturers have raised the prices. In the past few days, the interest of investors in domestic paper companies has increased and analysts say that paper companies are likely to deliver strong returns as [...]
Cyber fraudsters siphon off over Rs 1.51 cr by hacking co-op bank’s server
Thane, Mar 16 (PTI) Cyber fraudsters stole over Rs 1.51 crore after hacking into the server of a cooperative bank at Dombivli city in Thane district of Maharashtra, police said on Wednesday. The server of the bank was hacked and the data was tampered with on March 12 by unidentified hackers who siphoned off Rs [...]
SoftPoS to revolutionize digital payments infrastructure in semi-urban and rural India: Cashfree Payments & The Digital Fifth Report
BENGALURU, India, March 16, 2022 /PRNewswire/ -- Cashfree Payments, a leading payments and API banking solutions company, today announced the launch of an industry report titled 'Supporting digital payments adoption via the promise of softPoS' created in partnership with The Digital Fifth, India's first Fintech consulting and advisory firm. The report highlights the importance of [...]
India taking up Russian discounted oil offer will not violate US sanctions on Moscow: White House
Washington, Mar 16 (PTI) India taking up Russia's offer of discounted crude oil would not be a violation of American sanctions on Moscow, the White House has said, as it also underlined that countries should also think about "where you want to stand" amidst Russia's invasion of Ukraine.US President Joe Biden last week announced a [...]
Ola Electric inducts former LG Chem Power CEO on board
New Delhi, Mar 16 (PTI) Ola Electric on Wednesday announced the induction of EV battery designer and former LG Chem Power CEO Prabhakar Patil on its board as it pushes ahead with its plans for large-scale manufacturing of batteries. Announcing the appointment through a blog, Ola founder and CEO Bhavish Aggarwal said the firm is [...]
Tata Starbucks plans to open 8 new airport stores across 6 cities
New Delhi, Mar 16 (PTI) Tata Starbucks on Wednesday announced that it is planning to open eight airport stores in six cities to expand its network in the country.The cities are Bengaluru, Bhubaneswar, Goa, Guwahati, Jaipur and Lucknow, said a statement from Tata Starbucks, which is a 50:50 joint venture between Tata Consumer and Starbucks [...]
Jio not to pursue tower installation project inside Gir, Girnar sanctuaries: govt
New Delhi, Mar 16 (PTI) Reliance Jio Infocomm has conveyed its decision not to pursue its project to intsall telecom towers inside Gir and Girnar wildlife sanctuaries, Parliament was informed on Wednesday. As informed by the Gujarat government, Reliance Jio Infocomm had submitted proposals for construction of 41 mobile towers in the Gir and Girnar [...]
Russia-Ukraine war: Exports of some products from India likely to be affected, says govt
New Delhi, Mar 16 (PTI) Commerce and Industry Minister Piyush Goyal on Wednesday said as per feedback received from the industry, exports of certain products such as pharmaceuticals, telecom instruments, tea, coffee, and marine goods from India are likely to be affected due to the ongoing Russia-Ukraine conflict. He added that the Department of Commerce [...]
India-UAE trade pact: Bilateral trade projected to touch USD 100 bn in 5 years
New Delhi, Mar 16 (PTI) The bilateral trade in goods is projected to increase from the current USD 60 billion to USD 100 billion annually within five years of the implementation of the India-UAE free trade agreement, parliament was informed on Wednesday. India and the United Arab Emirates (UAE) signed the Comprehensive Economic Partnership Agreement [...]
OILSEEDS RATES
MARCH 16,2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.N.Extr.45% 41000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 37500.00 Rice Bran Extr. - Sunflower Extr. 28000.00 Rapeseed Extr. - Soyameal 48% 61565.00 Castor Extr. 13450.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 8100.00 Gr. Bolds 60/70 8900.00 Gr. Javas 60/70 10300.00 Gr [...]
FMCG cos should increase margins for kirana stores: METRO Cash & Carry India MD
New Delhi, Mar 16 (PTI) FMCG makers, earning higher profits on their products, should consider increasing the margins for small retailers selling their goods, said METRO Cash & Carry India MD & CEO Arvind Mediratta. The margins for the retailers have not changed for the past several years and the FMCG companies still call the [...]
COMMODITY PRICES
MUMBAI, MAR 16 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 781.00 COPPER HEAVY SCRAPS 771.00 COPPER ARMATURE (CREDIT) 758.00 COPPER UTENSILS SCRAP 698.00 CC ROD 820.00 BRASS :- BRASS SHEET CUTTING 570.00 BRASS UTENSIL SCRAP 540.00 BRASS HONEY 510.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 205.00 ALUMINIUM EXTRUSION SCRAP 241.00 ALUMINIUM [...]
MUM PEPPER COPRA CLOSING RATES
MUMBAI, MAR 16 (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
Andhra Pradesh HC order upholding sanctity of PPAs positive for renewable energy producers: ICRA
New Delhi, Mar 16 (PTI) The High Court of Andhra Pradesh upholding the sanctity of PPAs (power purchase agreements) is a positive development for the renewable energy sector, ICRA said on Wednesday. The High Court of Andhra Pradesh vide its order on March 15, 2022 in the matter of PPA tariff renegotiation for wind and [...]
Serviceberry Technologies Recognized as the 2022 ServiceNow APJ Emerging Growth Markets Partner of the Year
Mumbai, Maharashtra, India – Business Wire India Serviceberry Technologies announced that it has been recognized as the 2022 ServiceNow APJ Emerging Growth Markets Partner of the Year for the partner that has shown extraordinary growth in certification obtainment and pipeline growth. Serviceberry has shown significant progress over the last two years and shows potential for [...]
Guar seed futures rise on fresh bets
New Delhi, Mar 16 (PTI) Guar seed prices on Wednesday rose by Rs 14 to Rs 6,130 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for March contracts increased by Rs 14 or 0.23 [...]
Guar gum futures fall on low demand
New Delhi, Mar 16 (PTI) Guar gum prices on Wednesday fell by Rs 97 to Rs 11,100 per five quintals in the futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for March delivery fell by Rs 97 or 0.87 [...]
Embassy REIT the First in India to Achieve a WELL Portfolio Score
Bengaluru, Karnataka, India – Business Wire India Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, and the International WELL Building Institute (‘IWBI’) announced today that Embassy REIT has been awarded a WELL Portfolio Score across all its business parks [...]
Transparent Face-Mask CeeMee Now Available in India
Mumbai, Maharashtra, India – Business Wire India The nearly invisible CeeMee face-mask reveals the full face of the wearer, complete with smiles, lipstick, make up, teeth, stubbles and pimples. Face ID unlocks seamlessly and spectacles don’t fog. Lip reading behind the mask is now possible. A baby-soft liquid-silicon-rubber seal hugs the skin on the face [...]
Piramal Capital ties up with IMGC to offer home loans of Rs 5-75 lakh
New Delhi, Mar 16 (PTI) Piramal Capital & Housing Finance Ltd (PCHFL) has partnered with India Mortgage Guarantee Corporation to offer home loans ranging from Rs 5-75 lakh to salaried and non-salaried customers. Under this arrangement, India Mortgage Guarantee Corporation (IMGC) will provide guarantee on a part of the loan so that it is secured [...]
Mustard seeds output to rise 29% to 109.5 lakh tonnes in 2021-22: COOIT
New Delhi, Mar 16 (PTI) Edible oil industry body COOIT has estimated the country's mustard seeds production to rise 29 per cent to 109.50 lakh tonnes in the rabi season of 2021-22 crop year.The output of mustard seeds, which is grown in rabi (winter-sown) season, stood at 85 lakh tonnes in the previous year. Central [...]
Ducati launches spl anniversary edition Panigale V2 in India at Rs 21.3 lakh
New Delhi, Mar 16 (PTI) Italian superbike maker Ducati on Wednesday launched a special anniversary edition of its Panigale V2 motorcycle in India priced at Rs 21.3 lakh (ex-showroom). Christened as 'Panigale V2 Bayliss 1st Championship 20th Anniversary', the limited edition bike is characterised by the special celebratory livery inspired by the Ducati 996 R [...]
This Broking house stock has given multibagger returns of 300% in a year
The share price of brokerage firm Angel One zoomed by 331.94% in one year from ₹ 330 levels to ₹ 1420 levels today. The share price has increased by 5.09% today, as compared to its previous close and it gained 11.40% in the last 5 days. It has increased by 16.64% YTD (year to date, [...]
Maruti Suzuki launches initiative to cover vehicles for unforeseen failures in engine
New Delhi, Mar 16 (PTI) Maruti Suzuki India (MSI) on Wednesday said it has rolled out an initiative to cover customer vehicles for unforeseen failures in the engine due to hydrostatic lock and fuel adulteration.The auto major has rolled out a customer convenience package (CCP) as part of its efforts to further strengthen its after-sales service [...]
Spice Story raises funds from Agility Ventures, others
New Delhi, Mar 16 (PTI) Mumbai-based startup Spice Story on Wednesday said it has raised funds from Agility Ventures, Maxar.vc, Nafa capital and select FMCG industry leaders. The company did not divulge the quantum of funds raised, but said that the capital will largely be used to bolster the distribution network and build scale on [...]
Global public health leaders urge G20 to ensure vaccine equity; rue ‘too little, too late’ efforts
New York, Mar 16 (PTI) Public health leaders from across the world, including two of Indian-origin, have teamed up to urge the G20 to take an immediate action on global COVID-19 vaccine equity, saying only 10 per cent of the population in low-income countries have received one dose of vaccine as compared to nearly 80 [...]
REC partners EPIC India to improve performance of discoms
New Delhi, Mar 16 (PTI) State-owned non-banking finance firm REC has partnered with Energy Policy Institute at the University of Chicago (India) to improve the performance of power distribution utilities."The Energy Policy Institute at the University of Chicago (EPIC India) has signed a Memorandum of Understanding (MoU) with REC Limited, a public infrastructure finance company, [...]
Chhavi Aggarwal Co-Director of Ipower Batteries Pvt Ltd bags Inspirational Leader of the Year award organized by EMobility+
Delhi, 16th March 2022: Pioneers and leading manufacturers of EV batteries in the country, Ipower Batteries Pvt Ltd’s Co-Director Ms. Chhavi Aggarwal bagged the ‘Inspirational Leader of the year’ award under the Women in Automotive Leadership Award 2022 organised by EMobility+. The company has been working around manufacturing innovative battery products as solution for EV. [...]
Sany India Scores a Century with Sri Raja Rajeshwari Constructions Pvt. Ltd.
100 Sany excavators have been purchased by the company creating a record of sorts Pune, Maharashtra, India (NewsVoir) Continuing its success story, Sany India marks the sale of 100 excavators to Sri Raja Rajeswari Constructions (SRRC) Pvt. Ltd. This Telangana based company has purchased 100 excavators from Sany India over a period of six years. [...]
Torrent Power inks pacts to acquire 51 pc stake in power distribution utility of Dadra and Nagar Haveli
New Delhi, Mar 16 (PTI) Torrent Power has inked agreements to acquire 51 per cent equity of Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Ltd."Torrent Power Limited has entered into a Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) with Administrator of the Union Territory of Dadra and Nagar Haveli and [...]
Trouve Motor incubated in FasterCapital’s ‘Raise Capital’ prog
New Delhi, Mar 16 (PTI) Electric vehicles start-up Trouve Motor on Wednesday said it has been incubated in FasterCapital's 'Raise Capital' program to raise about USD 3 million (over Rs 20 crore) for its seed funding round. FasterCapital, one of the top venture capital firms based in Dubai, will connect Trouve Motors with its vast [...]
Crude oil futures gain on spot demand
New Delhi, Mar 16 (PTI) Crude oil prices on Wednesday rose by Rs 152 to Rs 7,533 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 152 or 2.06 per cent to Rs 7,533 per barrel in 3,944 [...]
Unichem Laboratories gets USFDA nod for generic Nebivolol tablets
New Delhi, Mar 16 (PTI) Unichem Laboratories on Wednesday said it has received approval from the US health regulator to market its generic version of Nebivolol tablets indicated for the treatment of hypertension. The approval by the US Food and Drug Administration (USFDA) for the abbreviated new drug application (ANDA) of Nebivolol tablets is for [...]
SGX Nifty IFSC to run on TCS trading platform after TCS wins a contract
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 help Singaporean exchange [...]
Kellton Tech Announces Strategic Business Restructuring, Integrates Global Operations to Meet Growth Aspirations
Under a new initiative called 'OneKellton,' Kellton Tech integrates its global operations and enables clients to access an expanded suite of digital transformation solutions under one umbrella HYDERABAD, India, March 16, 2022 /PRNewswire/ -- Kellton Tech (BSE&NSE: KELLTONTEC), a global leader in next-generation digital transformation and enterprise intelligence solutions, has announced the strategic realignment of [...]
Tripura to handover abandoned tea gardens to cooperatives
Agartala, Mar 16 (PTI) The Tripura government has decided to hand over the abandoned tea gardens to new cooperatives in an effort to revive them, an official said on Wednesday.Six tea estates -- one each in Kalayanpur of Khowai district and Belonia of South district, and four in Unakoti district’s Kailashahar subdivision -- have been [...]
MUM BULLION OPENING RATES
MUMBAI, MAR 16 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 67288.00 STANDARD GOLD (99.5) : 51110.00 PURE GOLD (99.9) : 51315.00 -------------------- PTI MUMSVC SVC
MUM PEPPER COPRA OPEN RATES (DT CHANGE)
MUMBAI, MAR 16 (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
Hatsun Agro Product MD buys shares worth nearly Rs 25 cr
New Delhi, Mar 16 (PTI) Hatsun Agro Product Ltd Chairman and Managing Director Chandramogan R G has bought company's shares worth nearly Rs 25 crore through an open market transaction. According to the block deal data on NSE, he purchased 2.08 lakh shares at an average price of Rs 1,194 apiece. This took the total [...]
Does the UN aviation body have the power to punish Russia for the MH17 downing? An aviation law expert explains
Sydney, Mar 16 (The Conversation) Australia and the Netherlands have launched legal proceedings against Russia over the downing of flight MH17, which killed 298 people in 2014.What’s so unusual about this new legal action is that it’s being brought before the International Civil Aviation Organisation (ICAO).Australia, the Netherlands and Russia are all contracting parties to [...]
Most expensive stock in the world – ₹3.8 crores or $500k per share
The share price of Warren Buffett’s Berkshire Hathaway Inc. reached $500,000 apiece on Monday, March 14, 2022. Berkshire Hathaway mostly operates in the USA, but it is expanding its business and plans to add 600 stores in China, which is its largest market outside of the United States. Buffett controls nearly 32.1% of the voting power in [...]
MUM PEPPER COPRA OPENING 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 MUMSVC SVC
Indo-Australian Chamber launches East India chapter
Kolkata, Mar 16 (PTI) The Indo-Australian Chamber of Commerce (IACC) launched its East India chapter here to promote trade and investment between Australia and the eastern region.Australia's Minister for Trade, Tourism and Investment Dan Tehan said the launch was well-timed as both the countries were in the process of concluding an interim free trade agreement [...]
Microsoft Managed Partner IFI Techsolutions Digitally Transforming India’s Public Sector
MUMBAI, India, March 16, 2022 /PRNewswire/ -- IFI Techsolutions (www.ifi.tech), a Microsoft Cloud Solution & Managed Services Provider, recently expanded its services in 2021 to cater to the needs of the Indian Public Sector. This diverse segment consists of various Government Ministries, Departments, PSUs, government owned companies and government education institutes. Within a short span, [...]
Rummy Passion’s ‘Passion Se Khel’ Campaign Witnesses a Star-studded Participation
PANCHKULA, India, March 16, 2022 /PRNewswire/ -- Rummy Passion, India's fastest growing online rummy destination, has launched a new digital campaign with 9 stellar Bollywood names. Popular faces like Vivek Oberoi and Chitrangda Singh can be seen enjoying a game of rummy as part of the 'Passion Se Khel' campaign. Prominent actresses like Nikki Tamboli, [...]
NEWSALERT
Jet fuel (ATF) price hiked by steepest ever 18 pc to record Rs 1,10,666.26 per kilolitre: Oil company price notification. PTI ANZ ANZ BAL BAL
L&T Technology Services Establishes Digital Twin Practice in Collaboration with Microsoft and Bentley Systems
New Center of Excellence will address and accelerate transformational emerging opportunities in Digital Twin ecosystem Bengaluru, Karnataka, India – Business Wire India L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that it has launched a next-generation IoT-based engineering practice on Digital Twins for manufacturing and industrial sectors. [...]
No public sector bank faced loss in three quarters to Dec’21 of this fiscal
No public sector bank has faced any loss in the April-December period of the current fiscal year, and clocked a collective net profit of Rs 48,874 crore during this period, the government said in Parliament on Tuesday. "No PSB has suffered losses in the current financial year up to December 31, 2021. During the said [...]
La Tim Metal & Industries Ltd. plans expansion into Industrial Park
MUMBAI, India, March 16, 2022 /PRNewswire/ -- La Tim Metal & Industries (BSE: LATIMMETAL) (Script Code # 505693), a listed company has been in the steel trade since 1987 and deals with Colour Coated Steel Sheets. La Tim has an un-utilized land parcel in Khopoli - Pali, Raigad district with huge business potential. With the [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, Mar 16 (PTI) Money Market Operations as on March 15, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 475,622.53 3.27 0.01-3.50 I. Call Money 7,437.05 3.24 2.20-3.45 II. Triparty Repo 350,066.95 3.27 3.15-3.45 III. Market Repo 118,118.53 3.28 0.01-3.50 IV. Repo [...]
Alniche Lifesciences Bullish on Health Awareness Marketing Campaigns in India
New Delhi, Delhi, India (NewsVoir) Alniche Lifesciences got tremendous response on its health awareness marketing campaigns launched recently on World Kidney Day. Alniche Lifesciences launched this campaign in collaboration with Radio Mirchi, India Today, The Economic Times, Zee News (Kolkata), TV9 Telugu pan-India for creating health awareness. The campaign was executed by Vigor Media Worldwide. [...]
Multi-Stakeholder Partners Support the Development of a Research Network for Tobacco Control in India
New Delhi, Delhi, India (NewsVoir) A multi-disciplinary group of stakeholders including researchers, academia, government representatives from the Ministry of Health, Government of India (MoHFW, GoI), WHO and civil society, convened in a Research Network meeting to deliberate on a recent evidence pool developed around several tobacco control themes and how this evidence can inform future [...]
Shift refinery project from Ratnagiri to Vidarbha: Gadkari writes to Maha CM
Nagpur, Mar 15 (PTI) Union Minister Nitin Gadkari has asked Maharashtra Chief Minister Uddhav Thackeray to consider shifting a proposed 60 million metric tonnes-per annum refinery and petrochemicals complex project to Vidarbha from coastal Ratnagiri. The project, which was to come up in Ratnagiri district, is stalled due to opposition by local organizations and other [...]
Clear govt stand on rail privatisation: Oppn; BJP MPs say national transporter on right track now
New Delhi, Mar 15 (PTI) Opposition members in the Lok Sabha on Tuesday accused the government of indulging in jugglery of railway finances and sought to know whether it intends to privatise the Indian Railways after Air India. BJP members gave out figures to assert that the national transporter is on the right track now [...]
Samsung to re-enter laptop segment in India, eyes double-digit market share by Dec
New Delhi, Mar 15 (PTI) Korean electronics major Samsung will re-enter the laptop segment in India this month and aims to capture double-digit market share by the year-end, a senior company official said on Tuesday. Samsung India General Manager and head of new computing business Sandeep Poswal said there is demand in the market, which [...]
Softbank representative Munish Varma resigns from Paytm, PB Fintech boards
New Delhi, Mar 15 (PTI) Softbank managing partner Munish Ravinder Varma has resigned from the board of the digital financial services company One97 Communications, which operates under the Paytm brand, and PB Fintech, according to regulatory filings by both companies on Tuesday. Softbank Vision Funds India Holdings (Cayman) holds a 17.47 per cent stake in [...]
States must decide soon on Centre proposal to decriminalise Legal Metrology Act: Goyal
New Delhi, Mar 15 (PTI) Food and Consumer Affairs Minister Piyush Goyal on Tuesday said the government intends to decriminalise the Legal Metrology Act and asked his department as well as states to take a decision on this issue at the earliest in order to stop harassment of small shopkeepers. Addressing an event here to [...]
Burman group Rs 604.76-cr open offer for Eveready commences on Apr 26
New Delhi, Mar 15 (PTI) The Rs 604.76-crore open offer by the Burman group through various entities to acquire an additional 26 per cent in batteries and flashlights maker Eveready Industries India Ltd is slated to open on April 26, 2022, according to a regulatory filing by the company. In a draft letter of offer [...]
Need to protect consumers, small retailers amid growth in e-commerce: Consumer Affairs Secy
New Delhi, Mar 15 (PTI) With rising growth in online trade, Consumer Affairs Secretary Rohit Kumar Singh on Tuesday stressed that there should not be a situation of monopoly by large e-commerce players like Amazon and Flipkart, and there is a need to prepare a new framework to protect consumers as well as small retailers. [...]
Free pricing system to strengthen MFIs; but credit cost for borrowers to jump: Analysts
Mumbai, Mar 15 (PTI) Rating agencies have opined that the new regulatory regime for microfinanciers, wherein the cap on interest they could charge on borrowers has been freed up, will bring in the industry under regulatory coverage but will lead to increased credit cost for borrowers. The Reserve Bank on Monday issued master directions on [...]
Bounce Infinity to provide battery swapping stations for Greaves electric vehicles
New Delhi, Mar 15 (PTI) Electric mobility solutions start-up Bounce Infinity on Tuesday said it has partnered with Greaves Retail to provide battery swapping stations for Greaves electric vehicles. The company has identified Bengaluru as the pilot city for the project with Greaves Retail, which is the retail business division of Greaves Cotton, Bounce Infinity [...]
Hatsun Agro Product’s MD sells shares worth nearly Rs 25 cr
New Delhi, Mar 15 (PTI) Hatsun Agro Product Ltd's Chairman and Managing Director Chandramogan R G on Tuesday bought company's shares worth nearly Rs 25 crore through an open market transaction. According to the block deal data on NSE, he purchased 2.08 lakh shares at an average price of Rs 1,194 apiece. This took the [...]
Comm min to start online module for filing registration for interest equalisation scheme
New Delhi, Mar 15 (PTI) The commerce ministry on Tuesday said it has decided to operationalise a new online module for filing of electronic registration for interest equalisation scheme for exporters, a move aimed at effective monitoring of the scheme. On March 9, the RBI extended the scheme for pre- and post-shipment rupee credit for [...]
Mobile broadband user base reached 765 mn in India: Nokia MBiT report
New Delhi, Mar 15 (PTI) Mobile broadband users in India more than doubled to 765 million and 4G data traffic grew 6.5 times in the last five years, according to a Nokia report released on Tuesday. The 4G service contributed 99 per cent to the country's total data consumption and is expected to continue as [...]
Kinara Capital targets Rs 200 cr loan disbursals to women-owned cos in FY23
New Delhi, Mar 15 (PTI) MSME fintech Kinara Capital on Tuesday said it plans to disburse loans worth Rs 200 crore to women-owned businesses in the next financial year. Kinara Capital is advancing women entrepreneurship with a commitment to disburse Rs 200 crore via its HerVikas women business loans programme in the coming fiscal year [...]
Future Retail director Rahul Garg resigns
New Delhi, Mar 15 (PTI) Future Retail Ltd's director Rahul Garg has resigned from the board, a regulatory filing by the debt-ridden company said on Tuesday. "Rahul Garg, Non-Executive Director has resigned from the Board of Directors and other Committees of the Board with effect from 14th March, 2022," said Future group firm. The Company [...]
‘Atmanirbhar Bharat’ is not a closed economy, it’s being globally competitive: NITI Aayog Vice-Chairman
Hyderabad, March 15 (PTI): The government's 'Atmanirbhar Bharat' initiative is not a closed economy but it's being globally competitive, NITI Aayog Vice-Chairman Rajiv Kumar said on Tuesday as he stressed the need for building trust between the private investor, the government, the academia and the civil society. Self-reliance is not the same thing as self-sufficiency, [...]
Wipro joins Open Source Security Foundation
New Delhi, Mar 15 (PTI) IT company Wipro Limited on Tuesday said it has joined the Open Source Security Foundation (OpenSSF) on the governing board, as part of larger efforts to help address the growing threat to software supply chain. OpenSSF is a cross-industry organisation hosted at the Linux Foundation that brings together key open [...]
E2S Power, India Power tie up for thermal storage facility
New Delhi, Mar 15 (PTI) E2S Power and India Power have inked a pact to work on transforming fossil fuel power station into thermal storage systems for renewable energy in the country. Under the MoU, India Power and E2S Power will work with major companies in the power and renewable energy sector in India to [...]
Amazon calls Future store transfer to Reliance ‘fraud’
New Delhi, Mar 15 (PTI) Days after billionaire Mukesh Ambani-led group took over some of the stores of Future Group, whose lease had expired due to the non-payment of rent, Amazon.com Inc on Tuesday accused the two of 'fraud' and said such 'contumacious' transfer will be liable to legal action. Amazon has been contesting the [...]
Tata Power Delhi Distribution partners with Battery Smart
New Delhi, Mar 15 (PTI) Tata Power Delhi Distribution has partnered with Battery Smart for setting up battery swap stations for two and three-wheeler electric vehicles at various locations in the city. "Tata Power Delhi Distribution Ltd, one of India's leading power distribution utility serving a populace of seven million in north Delhi announced partnership [...]
Generali Participations gets CCI nod to hike stake in Future Generali India Insurance Company
New Delhi, Mar 15 (PTI) Fair trade regulator CCI on Tuesday gave its go ahead to Generali Participations Netherlands N.V. to increase its stake in Future Generali India Insurance Company Ltd to around 74 per cent. Generali Participations Netherlands (GPN) is an existing shareholder of Future Generali India. GPN proposes to acquire nearly 25 per [...]
India’s data centre industry set for sizable, sustained period of growth: Study
New Delhi, Mar 15 (PTI) India's data centre industry is poised for a sizable and sustained period of growth with its expansion set to be fuelled by rapid adoption of digital infrastructure amid the pandemic, rising digital usage, cloud consumption and ensuing 5G rollout, according to a joint study. The industry growth will concentrate around [...]
Oben Electric launches motorcycle Rorr at Rs 99,999 onwards
New Delhi, Mar 15 (PTI) Electric two-wheeler start-up Oben Electric on Tuesday launched its motorcycle 'Rorr' with prices starting at Rs 99,999 (ex-showroom). The electric motorcycle has a top speed of 100 kmph and comes with a range of 200 km on a single charge. The battery can be fully charged in 2 hours, the [...]
Total population of stray dog, stray cattle at 203.31 lakh as per 2019 census
New Delhi, Mar 15 (PTI) The government on Tuesday said that the total population of stray dog and stray cattle was 203.31 lakh as per the 2019 census. In a written reply to the Lok Sabha, Minister of Fisheries, Animal Husbandry and Dairying Parshottam Rupala said: "National level of information regarding livestock population is collected [...]
UK bans luxury exports to Russia, imposes high tariffs on vodka in new sanctions
London, Mar 15 (PTI) The UK government on Tuesday announced a ban on exports to Russia of high-end luxury goods and imposed new import tariffs on key Russian products like vodka as part of a latest wave of economic sanctions in response to the Russia-Ukraine conflict, including restrictions on 370 more Russian and Belarussian individuals. [...]
Achieved goals of higher revenue, wider tax net, curbing terror funding due to demonetisation: Minister
New Delhi, Mar 15 (PTI) The government has achieved goals such as higher revenue collection, widening of tax net as well as curbing terror funding post the demonetisation of Rs 500 and Rs 1,000 bank notes in November 2016, Minister of State for Finance Pankaj Chaudhary said on Tuesday. The government had cancelled the legal [...]
Oil falls below $100, eases pressure on oil cos
New Delhi, Mar 15 (PTI) After staying above USD 100 per barrel for two weeks, international oil prices fell to USD 99.84 on Tuesday, easing margin pressure on fuel retailers who have been holding petrol and diesel prices despite a spike in the cost of raw material. Brent crude oil prices, which soared past USD [...]
SC suspends K’taka HC sentence against two lawyers who filed multiple cases against Azim Premji
New Delhi, Mar 15 (PTI) The Supreme Court on Tuesday suspended the two months sentence imposed by the Karnataka High Court for contempt of court against two lawyers for filing multiple petitions against former Wipro chairman Azim Premji and his associates.Advocates R Subramanian and P Sadanand have filed more than 70 “mischievous” petitions against Premji [...]
Traders’ body CAIT accuses e-commerce giants of violating FDI norms
New Delhi, Mar 15 (PTI) India's largest traders' association CAIT on Tuesday said a few multinational e-commerce giants with a heavy arsenal of funding are attempting to flout foreign investment guidelines for the sector and demanded strict enforcement action. Releasing a whitepaper on the e-commerce policy, the Confederation of All India Traders (CAIT) said e-commerce [...]
Generic medicine sales under PMBJP at Rs 814 cr this fiscal so far; citizens saved Rs 4,800 cr: Govt
New Delhi, Mar 15 (PTI) Sales of affordable quality generic medicines under the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP) stood at Rs 814.21 crore in the ongoing fiscal, leading to an estimated savings of about Rs 4,800 crore to the citizens, Chemicals and Fertilisers Minister Mansukh Mandaviya informed Rajya Sabha on Tuesday.In a statement laid [...]
Irregularities found appointment of chief strategic advisor at NSE, says govt
New Delhi, Mar 15 (PTI) The government on Tuesday said irregularities in the appointment of chief strategic advisor in the NSE during the tenure of a former MD&CEO were observed and the appointment was made without following due process. The Securities and Exchange Board of India (Sebi) has informed that an ex-MD&CEO of NSE, had [...]
Rs 1,000 minimum monthly pension for EPFO members inadequate, says Par panel
New Delhi, Mar 15 (PTI) The minimum monthly pension of Rs 1,000 for subscribers of the pension scheme run by retirement fund body EPFO is "grossly inadequate" and it is imperative for the labour ministry to pursue a proposal for raising the amount, a Parliamentary panel said on Tuesday. "...Rs 1000 per month pension which [...]
Samsung to invest Rs 1,588 cr to set up a new compressor manufacturing plant at Sriperumbudur
New Delhi, Mar 15 (PTI) Leading South Korean consumer electronics and smartphone maker Samsung on Tuesday said it will invest Rs 1,588 crore in India to set up a new compressor manufacturing plant at its existing facility at Sriperumbudur in Tamil Nadu. The new facility will spread over 22 acres and have a capacity to [...]
JK Tyre & Industries appoints IIT professor R Krishna Kumar as technology advisor
New Delhi, Mar 15 (PTI) JK Tyre & Industries Ltd on Tuesday said it has appointed IIT-Madras professor R Krishna Kumar as technology advisor to the company's Chairman and Managing Director Raghupati Singhania and Managing Director Anshuman Singhania. Kumar, a renowned expert in vehicle dynamics and tyre technology, was also instrumental in setting up the [...]
Macrotech arm prepays USD 170 mn debt out of total USD 225 million
New Delhi, Mar 15 (PTI) Realty firm Macrotech Developers on Tuesday said its arm Lodha Developers International Ltd, Mauritius has prepaid USD 170 million (approx. Rs 1,298 crore) of debt after recording better sales performances in its two projects in London. In a regulator filing, Macrotech informed that its wholly-owned subsidiary has redeemed "Notes of [...]
Indian markets feel the heat ahead of the US Fed meet; Here’s what analysts say
The two-day (March 15-16) US Federal Open Market Committee (FOMC) meeting starts late tonight's Indian standard time.The USA’s inflation has spiked to 7.9%, the highest since 1982 and the Fed will have to control it with limited fallout on its economy.Global markets might be affected by the Fed’s move amid the ongoing Russia Ukraine conflict. [...]
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