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Stock hits 5% upper circuit after it partners with Hisense to set up AC manufacturing plant
The shares of the second largest room air conditioner Manufacturer hit 5 percent upper circuit after the company announced a partnership to setup an advanced dedicated manufacturing facility in India. With a market capitalization of Rs 3,911.64 crore, the shares of EPACK Durable Ltd were trading at Rs 407.60 per share, increasing around 5 percent [...]
Midcap stock jumps after it acquires 24% stake in Dynamic IT Solution
Shares of Asia's largest e-commerce portal for baby and kids' products surged 1 percent on Tuesday after its subsidiary acquired a 24 percent stake in another step-down subsidiary Dynamic IT Solution Private Limited for a value of Rs.4.5 crores. Price Movement In Tuesday’s trading session, the parent company of First Cry, Brainbees Solutions share price [...]
Semiconductor stock jumps 5% after it partners with Japan based firm for AI powered solutions
The shares of the semiconductor company gained up to 5 percent after the company announced a partnership with Renesas RZ Partner Ecosystem. Moschip Technologies Ltd has a market capitalization of Rs 4,313.79 crore, the shares were trading at Rs 227.35 per share, increasing around 2.36 percent as compared to the previous closing price of Rs [...]
Pharma stock in which Mukul Agrawal consistently increased his stake; Do you hold it ?
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 $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
2 Stocks in which GQG Partners have increased their stake in Q2
GQG Partners is a global investment management firm that specializes in emerging markets and global equities and focuses on investing in high-quality, well-managed companies in emerging markets such as India, China, Brazil, and others. GQG Partners has gained attention for its substantial investments in large Indian companies, including Adani Group entities, and other emerging players [...]
Bank stocks trading at discount of up to 41% to look out for
The Indian banking industry has historically demonstrated remarkable stability on a global scale, even amidst international disruptions. The government has consistently aimed to enhance financial inclusion through various initiatives designed to integrate the underbanked population into the banking system. In 2024, total assets in the public banking sector amounted to US$ 1,861.72 billion, while the [...]
Textile stock jumps 6% after it receives buy call for an upside of more than 30%
Shares of a leading fashion and retail company surged nearly 6 percent on BSE to hit an intraday high at Rs. 2,496.85 on Monday. This rally was sparked by Motilal Oswal’s initiation of coverage on the stock with a bullish outlook. With a market capitalisation of Rs. 14,752.4 crores, the shares of Raymond Lifestyle Limited [...]
2 Stocks in which BlackRock managed ETF has bought and sold stake
The iShares Global Clean Energy UCITS ETF is an exchange-traded fund (ETF) that provides investors with exposure to a portfolio of global companies involved in the production of clean energy or in the development and provision of clean energy technology and equipment. iShares Global Clean Energy UCITS ETF part of the iShares family of ETFs, [...]
Why did Indiamart fall 19% despite reporting 96% YoY increase in net profit; Check the reason
Shares of India's largest B2B digital marketplace dropped 19 percent to Rs.2,447.50 per share on Monday morning trade following a downgrade from Jefferies, despite a strong quarterly performance. Share Price Movement In Monday’s trading session, Indiamart Intermesh Ltd share price reached an intraday low of Rs.2,447.50 per share, falling 19 percent from the previous close [...]
Small cap stock jumps 3.5% after company to raise ₹125 Bil for acquiring 40% stake in Coca-Cola
Shares of this quick-service restaurant (QSR) company, which owns popular brands such as Domino’s, Dunkin' Donuts, and Popeyes, are expected to benefit from the Rs.125 billion investment by its parent company’s promoters to acquire a 40 percent stake in Coca-Cola’s bottling division. Share Price Movement In Monday’s trading session, Jubilant FoodWorks Ltd share price hit [...]
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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
Singapore Airlines to expand vaccinated travel lane network to India, 26 other countries: report
Singapore, Mar 15 (PTI) Singapore Airlines and its low-cost carrier Scoot will expand its Vaccinated Travel Lane (VTL) network from March 16 to connect to 66 cities in 27 countries, including India, a media report said on Tuesday.VTL allows quarantine-free travel to Singapore for fully vaccinated travellers."New VTL services will be added progressively to selected [...]
India sends fourth shipment of wheat to Afghanistan via Pakistan
New Delhi, Mar 15 (PTI) India on Tuesday sent the fourth shipment of 2,000 metric tonnes of wheat to Afghanistan via Pakistani land route as part of its humanitarian assistance to the Afghan people. India despatched the first consignment of 2,500 metric tonnes of wheat to Afghanistan through Pakistani on February 22 and it reached [...]
Experts Call for Strengthening of State Action Plans on Antimicrobial Resistance and Capacity Building to Implement them
New Delhi, Delhi, India (NewsVoir) Experts from the One Health sectors of health, animal husbandry, fisheries and environment called on the Government of India to actively engage the state governments to build capacity for formulating and implementing action plans on Antimicrobial Resistance (AMR). Over 50 professionals and policy experts gathered at Delhi to discuss the [...]
Govt gets Rs 4,353 cr as dividend tranches from 7 CPSEs
New Delhi, Mar 15 (PTI) The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC. "Government has respectively received about Rs 575 crore and Rs 2038 crore from Nuclear Power Corporation of India Ltd and Coal India Ltd as dividend tranches," [...]
New Proof of Financial Support Solution Adds Trust and Efficiency for Indian Students Applying for a Canadian Study Permit
A new digitally verifiable Guaranteed Investment Certificate solution from ApplyBoard and Royal Bank of Canada delivers greater trust and efficiency for Indian students’ Proof of Financial Support required for a Canadian study permit Gurugram, Haryana, India (NewsVoir) ApplyBoard, the global education technology platform revolutionizing the international student journey, and Royal Bank of Canada (RBC), one [...]
Sebi comes out with clarifications on transactions in mutual funds units
New Delhi, Mar 15 (PTI) Markets regulator Sebi on Tuesday came out with certain clarifications on transactions in the units of mutual funds and has also given guidelines for authentication in case of redemption of units. The clarifications pertain to transactions in units of mutual funds on stock exchange platforms and also for entities including [...]
Sri Lanka Finance Minister Rajapaksa leaves for India to sign USD 1 billion bailout package
Colombo, Mar 15 (PTI) Sri Lanka’s Finance Minister Basil Rajapaksa on Tuesday left for New Delhi to ink a fresh USD 1 billion bailout package with India, amid a crippling economic meltdown staring at the island nation. Rajapaksa left for India for a two-day official visit for crucial talks with the Indian Government for broader [...]
Wellness Forever Partners with Ajmal Perfumes for the Summer Carnival, 2022
Mumbai, Maharashtra, India – Business Wire India Wellness Forever Medicare Limited (“Wellness Forever”), India’s trusted neighbourhood pharmacy partners with Ajmal Perfumes, a homegrown perfumery brand with rich heritage acquired through 70 years. This partnership also points towards the blurring lines between wellness and olfactory accentuations. As they say, the shortcut to feeling good is right [...]
Phoenix Marketcity, Mumbai Celebrates its Power Women Fiesta, Launches a Power Women Booklet and Platform to Help Upscale Women Led Businesses
Mumbai, Maharashtra, India (NewsVoir) Phoenix Marketcity, Mumbai is hosting the 10th edition of its Power Women Fiesta, to celebrate power of women - and especially women entrepreneurs - through a series of workshops, festivals, live entertainment and some really interesting programs. Key Features of Power Women Fiesta ‘22 Events: • AIESEC - Flee Flea: 18th-20th [...]
Royal Enfield launches Scram 411 at Rs 2.03 lakh onwards
New Delhi, Mar 15 (PTI) Mid-sized motorcycle maker Royal Enfield on Tuesday launched its new bike model Scram 411 with introductory prices starting at Rs 2.03 lakh (ex-showroom Chennai). The Scram 411 is built on Royal Enfield's LS-410 engine platform and the Harris Performance chassis and combines agility on urban streets with competent rough-roading capabilities, [...]
Chitkara University Signs MoU with Gemini Solutions
Chandigarh, Punjab, India (NewsVoir) Chitkara University, Punjab, signed a Memorandum of Understanding (MoU) with Gemini Solutions here today and launched the Gemini Ambassador Program to provide the students with enhanced opportunities. The MoU will pave a path for collaboration and co-operation between the duos and promote more effective use of each of their resources. The [...]
Bajaj Finserv Offers its Existing Customers Pre-approved Personal Loans up to Rs. 10 Lakh
Pune, Maharashtra, India (NewsVoir) Bajaj Finserv, through its lending arm Bajaj Finance Limited is offering pre-approved loans to their existing customers to access personal financing in an expedited manner. A pre-approved loan for existing professionals is an ideal borrowing tool for individuals looking for easy or urgent funds without depleting their savings. Such loans come [...]
Kauvery Hospital Airlifts and Successfully Treats Vizag Doctor Who had Severe COVID Infection and 99 percent Lung Involvement
Chennai, Tamil Nadu, India (NewsVoir) • The individual was airlifted from Vizag to Chennai due to rapid worsening related to extensive lung damage due to COVID-19, for ECMO initiation. • He was managed successfully without ECMO by adjustment of medications guided by understanding the reasons for worsening of his COVID-19 Kauvery Hospital Chennai, a unit [...]
Tech-Driven Social Enterprises in the Spotlight at the Young Social Entrepreneurs Global 2021 Programme
After eight months of learning and mentorship, six winning teams receive up to S$20,000 each to help them launch or scale up their social businesses Mumbai, Maharashtra, India – Business Wire India Six social enterprises today received a shot in the arm to the tune of up to S$20,000 each to help them build their [...]
Impactsure Technologies Joins Google Cloud Partner Advantage Program With AI-Powered Trade Finance Software Solution
The solution enables banks, financial institutions and corporations with advanced intelligent data analytics and document processing to manage critical processing and compliance-related processes Mumbai, Maharashtra, India – Business Wire India Impactsure Technologies has joined the Google Cloud Partner Advantage Program as a technology partner. Built on Google Cloud, Impactsure will provide financial institutions and corporate [...]
Bank of India refers over 3 lakh cases involving Rs 5,700 cr to National Lok Adalat
Mumbai, Mar 15 (PTI) State-run Bank of India (BOI) on Tuesday said it has referred 3,20,116 cases amounting to Rs 5,700.16 crore to National Lok Adalat conducted on March 12, 2022. Of these, 12,224 cases were settled involving an amount of Rs 102.53 crore, the bank said in a release. "An amount of Rs 23.76 [...]
Pokémon Kids TV celebrates its 1st anniversary with Cat’s Kitchen ‘Sweets Paradise’
NEW DELHI, March 15, 2022 /PRNewswire/ -- Pokémon Kids TV marked its first anniversary. This is an official Pokémon YouTube learning channel that offers a wide range of content for children, such as Pokémon songs, nursery rhymes, and educational content. Pokémon Kids TV also highlights its growing popularity from kids all over the world, surpassing [...]
Ruchi Soya shares continue to rally; further, jump over 13% on Rs 4,300 cr FPO announcement
Shares of Ruchi Soya continued to surge for a second day on Tuesday as the company will hit the capital market with its follow-on public offer (FPO) on March 24 to raise up to Rs 4,300 crore. The stock rallied 13.10 per cent to settle at Rs 1,090.70 on BSE. During the day, it zoomed [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MARCH 15 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67349.00 67200.00 STANDARD GOLD (99.5) : 51358.00 51315.00 PURE GOLD (99.9) : 51564.00 51521.00 KOLKATA BULLION CLOSING SILVER RDY.(BAR) : Rs.67,700.00(69,550.00) Per Kg.SILVER RDY.(PORTION) : Rs.67,800.00(69,650.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.52,200.00(52,650.00) Per 10 Gms.GOLD (22-CARAT) [...]
Rooftop solar cost down by 50pc in last 7-8 years: MNRE
New Delhi, Mar 15 (PTI Overall cost of the rooftop solar system has come down by 50 per cent during the last seven-eight years, making it more competitive, Parliament was informed on Tuesday. "The cost of the rooftop solar systems in the country has become competitive with the reduction of cost of Solar PV panels [...]
Sensex snaps 5-day winning run amid global weakness; auto shares spurt
Mumbai, Mar 15 (PTI) Market benchmarks halted their five-day rally to close with deep cuts on Tuesday, in line with a sell-off in global markets as participants dialled back risk exposure ahead of a key policy meeting of the US Federal Reserve amid continuing uncertainty over the Ukraine crisis. A depreciating rupee and foreign capital [...]
Gadkari to inaugurate pilot project for hydrogen-based FCEV on Wed
New Delhi, Mar 15 (PTI) Union Road Transport and Highways Minister Nitin Gadkari on Wednesday will inaugurate a pilot project for hydrogen-based advanced fuel cell electric vehicles (FCEV), according to an official statement. Toyota Kirloskar Motor, along with the International Center for Automotive Technology (ICAT), is conducting a pilot project to study and evaluate the world's [...]
Over 8.22 cr taxpayers in FY20
New Delhi, Mar 15 (PTI) India had 8.22 crore taxpayers, which include individuals and corporates, in 2019-20, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. "Total number of taxpayers for AY 2020-21 is 8,22,83,407. The projected total population of the country as on March 1, 2021 .... was 136.30 crore," Sitharaman said. The [...]
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 [...]
For the First Time In India, Own your Managed Vineyard in Bengaluru. Agrocorp makes it a “Reality” in collaboration with Grover Zampa
Bengaluru 15th March : Owning a vineyard is a luxury many don’t get to enjoy. Until now. For the first time in India, it is now possible to own a managed vineyard. This innovative land investment opportunity is being developed and maintained by Bengaluru based futuristic real estate company Agrocorp Landbase Private Limited, in collaboration [...]
Finland International School Pune Co-sponsors The ‘Pune Club Premier League’
PUNE, India, March 15, 2022 /PRNewswire/ -- Finland International School Pune co-sponsored the cricket tournament - Pune Club Premier League (PCPL) – held at 'The Poona Club Ltd' spread across 7th March 2022 to 12th March 2022. The occasion was graced by some well-known personalities of Pune, along with Ms Minna Repo (Principal – Finland [...]
Bajaj Auto appoints Dinesh Thapar as chief financial officer
New Delhi, Mar 15 (PTI) Bajaj Auto Ltd on Tuesday said it has appointed Dinesh Thapar as its chief financial officer. Thapar joins Bajaj Auto from Reliance Retail where he was group chief financial officer for the past three years, the company said in a statement. Previously, for two decades, he was with Hindustan Unilever [...]
CBI probe in ABG Shipyard case delayed by some states including Maharashtra, says govt
The government on Tuesday said investigations in the ABG Shipyard case were delayed because some state governments including Maharashtra had withdrawn the agency's power to probe and their approval for the case came much later. Replying to a query in Rajya Sabha, Finance Minister Nirmala Sitharaman said there was no delay by the Centre in [...]
GMPF seeks immediate resumption of mining in Goa; ban completes 4 years
New Delhi, Mar 15 (PTI) The Goa Mining People's Front (GMPF), which represents the cause of lakhs of people employed in the mining sector, on Tuesday said it has appealed to the central government to facilitate the immediate resumption of mining in Goa. This comes at a time when the mining ban in Goa has [...]
No power crisis in India, generation capacity greater than peak demand: Power minister
New Delhi, Mar 15 (PTI) India is not facing any power crisis as the installed electricity generation capacity stood at 395.6 gigawatts (GW) against the peak demand of 203 GW recorded in 2021-22, Parliament was informed on Tuesday. "There is no power crisis in the country. As on February 28, 2022, the installed generation capacity [...]
India’s first electric highway between Delhi and Jaipur is my dream: Gadkari
New Delhi, Mar 15 (PTI) Union Minister Nitin Gadkari on Tuesday said making India's first electric highway between Delhi and Jaipur is his dream.Addressing an event, Gadkari further said so far, the government has received 47 proposals to set up ropeway cables in Manipur, Sikkim, Uttarakhand, Himachal Pradesh and Kashmir."My dream is to make an electric [...]
Manish Malhotra Beauty exclusively by MyGlamm launches first ever brand national TVC
Mumbai (Maharashtra) [India], March 15: Leading premium beauty brand Manish Malhotra Beauty exclusively by MyGlamm, launches its FIRST EVER national TVC around the message “Backstage to Backstreets”. Featuring ace couturier and leading fashion designer Manish Malhotra, the campaign showcases how every girl next door is a beauty superstar, flaunting on the runway of her life. [...]
Kinara Capital Advances HerVikas Business Loans Program for Women; Commits to Disburse INR 200 Crores in FY22-23
HerVikas drives financial inclusion of MSME women entrepreneurs in India Bangalore, Karnataka, India (NewsVoir) • INR 125 crores disbursed so far across 2,000 HerVikas business loans for women • HerVikas customers report an average 20% increase in incremental income • HerVikas discount is automatic in myKinara app, no separate application needed Kinara Capital, India’s fast-growing [...]
Electric two wheelers dominate E-vehicle sale in Delhi
New Delhi, Mar 15 (PTI) Electric two-wheelers are seeing a mini-boom in the national capital, with their sale contributing 55 per cent of the total such vehicles registered since January this year, official data showed. According to government data, 10,707 electric vehicles were registered between January and March 14 this year, with 5,888 of them [...]
Jewellery retailer Bluestone raises $30 mn from Sunil Munjal, others
Mumbai, Mar 15 (PTI) Omnichannel jewellery retailer Bluestone has raised over USD 30 million (about Rs 228 crore) in a funding round led by Sunil Kant Munjal, chairman of Hero Enterprise, at a valuation of USD 410 million.Bluestone -- backed by marquee investors, including Ratan Tata, Accel, Kalaari, Iron Pillar, IvyCap and Saama Capital -- [...]
Skye Air Mobility to expand fleet to 120 drones in 12-15 months
New Delhi, Mar 15 (PTI) Drone delivery logistics firm Skye Air Mobility on Tuesday said it plans to ramp up its fleet size to about 120 drones in 12-15 months from the current four as it chases growth opportunities in key areas such as healthcare and diagnostics. Ankit Kumar, CEO of Skye Air Mobility, said [...]
Tata Motors to invest Rs 15,000 cr in EV segment in 5 yrs; plans to develop 10 new products
ATata Motors is planning to invest Rs 15,000 crore in the EV segment in the next five years, a top company official has said. The company, which is a leader in the newly emerging EV segment with offerings such as Nexon, is also planning to develop around 10 more new offerings in the segment, President [...]
Banks recover over Rs 7.34 lakh cr in six-and-a-half years till Dec 2021
New Delhi, Mar 15 (PTI) Banks recovered over Rs 7.34 lakh crore in the past six years and the first six months of the current fiscal year, the government said in Parliament on Tuesday. During the past six financial years and the first six months of the current financial year, banks have effected an aggregate [...]
NaBFID to commence operations from first quarter of FY23: Kamath
Mumbai, Mar 15 (PTI) The National Bank for Financing Infrastructure and Development (NaBFID) will begin its operations from the first quarter of the next financial year, its chairman K V Kamath said on Tuesday. NaBFID was set up by the government last year as a development financial institution (DFI) to support the development of long-term infrastructure financing [...]
Sri Lanka reaches out to IMF for help as FM Rajapaksa departs for New Delhi to sign fresh bailout package with India
Colombo, Mar 15 (PTI) Sri Lankan government will seek financial support from the IMF, softening its resistance against the international lender as it desperately tries to salvage the country’s beleaguered economy that is currently reeling under a severe foreign exchange crisis. On Tuesday, Finance Minister Basil Rajapaksa gave the nod to seek assistance from the [...]
Elevating the shopping experience with fast home delivery, Fairshop opens in Pitampura
New Delhi, March 15: Fairshop opened its third of many forthcoming outlets in Lok Vihar, Pitampura on March 14, 2022, altering the grocery shopping experience for Delhiites. The launch saw a whopping 1500+ footfall on the very first day. Fairshop was a huge hit when it first opened in Delhi's Kailash Colony and then, in [...]
Registrations open for ‘Young Achievers Awards 2021-22’ by Rotary Club of Bangalore Cantonment and Koncept Ambience
- Winners to get cash prize awards BENGALURU, India, March 15, 2022 /PRNewswire/ -- Rotary Club of Bangalore Cantonment and Koncept Ambience, a leading real estate developer of Bengaluru, today announced the opening of the 'Champions of Change'- Young Achievers Awards 2021-22. The 'Champions of Change'-Young achievers award is an initiative to reward the youth [...]
STL partners with the American India Foundation (AIF) to launch Digital Equalizer and Improved Learning (DEIL) Program for 300,000 beneficiaries
MUMBAI, India, March 15, 2022 /PRNewswire/ -- STL (NSE: STLTECH), an industry-leading integrator of digital networks, has launched the Digital Equalizer and Improved Learning (DEIL) Program in association with the American India Foundation (AIF). This is a first-of-its-kind partnership where a not-for-profit organisation and a corporate come together to create impactful life for millions through [...]
OILSEEDS PRICES
MARCH 15,2022 MUMBAI, (PTI) OILS (per 10 Kgs) G.Nut Raw 1625.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. - Sunflower Exp.Ref. 1900.00 Cottonseed(Refined) 1585.00 Refined Palm Oil 1550.00 Soyabean Ref. 1560.00 Imp.Soyabean Crude - Rapeseed Ref. 1570.00 Rapeseed Exp. 1540.00 Copra white 1640.00 Rice Bran 4-7% FFA - Rice Bran 1390.00 Linseed 2000.00 Castor [...]
Maruti Suzuki, Hero MotoCorp, Lucas-TVS, Tata Cummins among 75 cos to get sops under auto PLI scheme
Maruti Suzuki, Hero MotoCorp, Lucas-TVS, Tata Cummins and Toyota Kirloskar Auto Parts are among the 75 firms approved for receiving incentives under the Production Linked Incentive (PLI) scheme for the automobile and auto components sector, the government said on Tuesday. Proposed investment of Rs 29,834 crore is expected from the 75 approved applicants under the [...]
Govt providing financial help to set up dairies across country: Balyan
New Delhi, Mar 15 (PTI) The Centre is providing financial assistance to set up dairies across the country through various schemes, including dairy processing and infrastructure development fund and the national programme for dairy development, Union Minister Sanjeev Balyan said. Speaking in the Lok Sabha, Union Minister of State for Animal Husbandry, Dairies and Fisheries [...]
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 SVC SVC
COMMODITY PRICES
MUMBAI, MAR 15 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 780.00 COPPER HEAVY SCRAPS 770.00 COPPER ARMATURE (CREDIT) 756.00 COPPER UTENSILS SCRAP 695.00 CC ROD 812.00 BRASS :- BRASS SHEET CUTTING 567.00 BRASS UTENSIL SCRAP 535.00 BRASS HONEY 507.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 205.00 ALUMINIUM EXTRUSION SCRAP 241.00 ALUMINIUM [...]
Politicising GST Council decisions an insult to federal body: Sitharaman in RS
New Delhi, Mar 15 (PTI) The GST Council is a federal body in which every finance minister from every state deliberates and we should not politicise it as it amounts to an insult to the Council, Finance Minister Nirmala Sitharaman said in the Rajya Sabha on Tuesday. Replying to a supplementary during the Question Hour [...]
Guar seed futures decline on low demand
New Delhi, Mar 15 (PTI) Guar seed prices on Tuesday went down by Rs 88 to Rs 6,162 per 10 quintals in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery was trading at Rs 6,162, down by Rs 88 or 1.41 per cent per 10 quintals with an [...]
Bisleri’s Vedica appoints Dino Morea as their Brand Ambassador
Vedica also launches first-of-its-kind glass bottles to provide a premium dining experience in the country with its pristine Himalayan Spring Water. National, 15th March, 2022: Bisleri International Pvt. Ltd. launched Vedica, its natural mountain water in 2010. Vedica has now announced the appointment of actor Mr. Dino Morea as their brand ambassador. With the announcement, [...]
Govt to make calibrated interventions to keep fuel prices under control: MoS Finance
New Delhi, Mar 15 (PTI) The government on Tuesday said it is keeping a close watch on evolving geopolitical developments and would make 'calibrated interventions' to keep fuel prices under control to safeguard the interest of the common man.Minister of State for Finance Pankaj Chaudhary said crude petroleum and natural gas, fuel & power subgroup [...]
Guar gum futures fall on low demand
New Delhi, Mar 15 (PTI) Guar gum prices on Tuesday fell by Rs 148 to Rs 11,200 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 148 or 1.3 [...]
‘Smule 123 Riyaaz’ – A Digital Singing Reality Show Striking a Chord with Today’s Youth
New Delhi, Delhi, India (NewsVoir) Three blockbuster-mentors. Six singing challenges. 18 winners. One original music video. Smule 123 Riyaaz has taken singing enthusiasts by a storm. The first three challenges of India’s first ever, digital-only, reality singing competition are already out, and have resulted in thousands of entries from across the nation. Needless to say, [...]
E-commerce start-up Upscalio raises USD 15 mn in funding round led by Gulf Islamic Investments
Mumbai, Mar 15 (PTI) Upscalio, an e-commerce buy-and-build start-up, has raised USD 15 million in pre-Series-B funding round, led by Gulf Islamic Investments with participation from a consortium of lenders including Northern Arc and Unity Bank. The latest round comes shortly after its Series-A round, wherein it had mopped up USD 42.5 million last August, [...]
No PSB bank employees found involved in Rs 14,349 cr ABG Shipyard fraud case: Sitharaman
New Delhi, Mar 15 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said no public sector bank employees were found to be involved in the Rs 14,349 crore bank fraud by ABG Shipyard Ltd (ABGSL), and CBI has registered a case against the company and its directors last month.ABG Shipyard was sanctioned loan under consortium arrangement [...]
8 Stocks to buy for short term gains – Suggested by industry experts
Even though inflation has increased and geopolitical risks remain, the benchmark indices have increased marginally. On the bright side, there was a slowdown in selling by foreign investors and oil prices declined. Some of these changes could be beneficial for the following stocks, especially in the short term (5 to 15 days). 1. Metro Brands [...]
India’s first electric highway between Delhi and Jaipur is my dream: Gadkari
New Delhi, Mar 15 (PTI) Union Minister Nitin Gadkari on Tuesday said making India's first electric highway between Delhi and Jaipur is his dream.Addressing an event, Gadkari further said so far, the government has received 47 proposals to set up ropeway cables in Manipur, Sikkim, Uttarakhand, Himachal Pradesh and Kashmir. "My dream is [...]
ACKO Drive Launches in Hyderabad, Offers a One-stop Solution for Car Buyers
A new-age, personalised online solution, ACKO Drive offers a superior customer experience to car buyers with best deals and discounts easy financing and doorstep delivery Hyderabad, Telangana, India (NewsVoir) Prospective car buyers in Hyderabad can now avail services offered by ACKO Drive, an online platform that provides a 100% digital car buying experience to customers. [...]
Bajaj Finserv Successfully Concludes its B-school Campus Competition ‘ATOM’ Season 4, with FMS Delhi as the Winner and IIM Kozhikode in the Second Position
An initiative to nurture and build pool of future business leaders Pune, Maharashtra, India (NewsVoir) Bajaj Finserv Limited, the holding company for the financial services businesses under the Bajaj Group, successfully completed the fourth season of its coveted B-school campus competition 'ATOM', that witnessed 1,180 teams from top 17 B-schools, across the country, fighting it [...]
KNOLSKAPE, an Experiential Learning Platform, secures funding from Mela Ventures for its global expansion strategy
• KNOLSKAPE Solutions has helped organizations, leaders, and professionals across 75 countries become future-ready through experiential learning offerings.• The funding from Mela Ventures reaffirms the impact that KNOLSKAPE has created in the global professional learning ecosystem through innovation and service excellence. BANGALORE, India, March 15, 2022 /PRNewswire/ -- KNOLSKAPE Solutions, one of the world's premier [...]
Approval to 75 auto parts makers under PLI scheme to act as catalyst in transformation journey: ACMA
New Delhi, Mar 15 (PTI) The approval granted by the government to 75 auto component manufacturers for incentives under the PLI scheme will act as a catalyst in the transformational journey from a conventional industry to a mobility industry, industry body ACMA said on Tuesday. Out of a total of 92 auto component manufacturers that [...]
JAIN Online to organize mega virtual job fair ‘Connect to Careers’ for job aspirants
• Over one lakh candidates with 100+ Companies across sectors are expected to participate in the job fair • Candidates with UG and PG degrees in Commerce, Management, Sciences, Humanities, CS IT, Engineering & Technology, Healthcare, and Hospitality are eligible to participate • Recruiters to hire candidates from entry to mid-level job profiles BENGALURU, India, [...]
Gallagher Completes India Acquisition
Rebrands Indian Entity to Global brand to drive further growth in the Indian market MUMBAI, India, March 15, 2022 /PRNewswire/ -- Gallagher, a global insurance brokerage, risk management and consulting services firm, today announced the rebranding of its India business to the Gallagher global brand. The complete integration and rebranding will be in effect from [...]
Invisalign: One Stop Solution For A Great Smile
Many studies indicate that the mouth and eyes are the facial features that most capture attention face to face, at the first moment. A good smile is crucial to improving interpersonal relationships, and it is also essential for food and the state of health in general. It is a trait of well-being. In addition, with [...]
Iconic Global Coffee Brand Tim Hortons® Set to Enter India in 2022
Canada’s most loved coffee brand to open 250+ restaurants across the country over the next five years. Mumbai, Maharashtra, India – Business Wire India Tim Hortons®, an iconic coffee brand established in 1964 in Canada, will enter India as part of an exclusive agreement with AG Café, a joint venture entity owned by Apparel Group, [...]
Crude oil futures decline on low demand
New Delhi, Mar 15 (PTI) Crude oil futures on Tuesday dropped by 4.59 per cent to Rs 7,470 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for March delivery fell by Rs 359 or 4.59 per cent to Rs 7,470 per barrel with a business volume [...]
Licious raises USD 150 mn from Amansa Capital, Kotak PE, others
New Delhi, Mar 15 (PTI) Unicorn startup Licious, which sells meat products and seafood, on Tuesday said it has raised USD 150 million (about Rs 1,140 crore) in funding led by Singapore-based Amansa Capital for business growth.Other major investors in the Series F2 funding round include Kotak PE and Axis Growth Avenues AIF - I. Existing investors [...]
BULLION OPENING RATE
SLUG PRICES MUM GENERAL OPEN MARCH 15,2022 MUMBAI, (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 67349.00 STANDARD GOLD (99.5) : 51358.00 PURE GOLD (99.9) : 51564.00 KOLKATA BULLION OPENING SILVER RDY.(BAR) : Rs.69,550.00 Per Kg.SILVER RDY.(PORTION) : Rs.69,650.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.52,650.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.49,950.00 Per [...]
Toyota Kirloskar drives in new Glanza; price starting at Rs 6.39 lakh
New Delhi, Mar 15 (PTI) Toyota Kirloskar Motor on Tuesday launched the all-new version of its premium hatchback Glanza in the country with a price starting at Rs 6.39 lakh (ex-showroom).The model comes with an 1197 cc petrol engine mated with manual and automatic transmissions.The five-speed manual variants of Glanza have been priced between Rs [...]
Jindal School of Liberal Arts and Humanities Launches a New Undergraduate Honours Degree in Sociology
Sonipat, 15 March: Jindal School of Liberal Arts and Humanities (JSLH) is launching a new and innovative BA (Hons) degree in Sociology with effect from August 2022. Drawing on the multidisciplinary strengths of JSLH, the new programme covers the traditional areas of Sociology to give the students a strong basis and an education in the [...]
8th India Smart Utility Week 2022 – An Outstanding International Conference and Exhibition held virtually with Participants from Sixty-One Countries
NEW DELHI, March 15, 2022 /PRNewswire/ -- The 8th edition of ISGF's flagship annual event, the India Smart Utility Week (ISUW) 2022, an International Conference and Exhibition on Smart Energy and Smart Mobility held from 02 - 04 March 2022 on a 3D Virtual Platform. ISUW 2022 has witnessed participation of Visionary Leaders, Utility CEOs, [...]
DBS Bank India launches Green Deposits programme enabling institutions to support sustainable projects
- The programme will allow Corporate Entities to fund sustainability projects. - The initiative furthers the Bank's commitment to advance Sustainable Development Goals. MUMBAI, India, March 15, 2022 /PRNewswire/ -- In line with its focus on responsible banking, DBS Bank India has announced the launch of its Green Deposit Programme for corporate clients providing a [...]
Lyra Network in spotlight during the ministerial visit of Mr Franck Riester to India
NEW DELHI, March 15, 2022 /PRNewswire/ -- Lyra network was honoured with the "IFCCI La French Tech Award 2022" at the Indo French Business Award 2022 (IFBA awards), co-organised by the Indo-French Chambers of Commerce and Industries (IFCCI) and Business France India in the presence of Mr. Franck Riester, Minister of State for Foreign Trade [...]
Maruti CNG range crosses 10 lakh cumulative sales milestone
New Delhi, Mar 15 (PTI) The country's largest carmaker Maruti Suzuki India Ltd on Tuesday said its CNG range of vehicles has crossed the cumulative sales milestone of 10 lakh units.At present, the company has a portfolio of nine 'S-CNG' vehicles in the personal and commercial segment, including Alto, S-Presso, WagonR, Celerio, Dzire, Ertiga, Eeco, [...]
SBI FOREX CARD RATES
MUMBAI, MAR 15 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 75.65 77.15 75.59 77.31 EUR/INR 82.46 85.30 82.39 85.47 GBP/INR 98.12 101.27 98.04 101.47 JPY/INR 63.52 65.61 63.47 65.74 [...]
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 MUM SVC SVC
Tecto, Payhuddle’s Level 3 Testing Tool Is One of the First Tools to Achieve EMVCo Qualification for Its Card Simulator, TT, and TSE Modules
Bengaluru, Karnataka, India – Business Wire India EMVCo has qualified Tecto, one of the first tools to qualify for its Level 3 (L3) card simulator, TT, and TSE modules based on the latest version of EMVCo EMV L3 Testing Framework. This means that Tecto can be used for Terminal Integration Testing of Mastercard MTIP CT [...]
Myanmar intends to initiate rupee convertibility for trade along Indian border
Singapore, Mar 15 (PTI) The Myanmar government intends to initiate the currency convertibility for the Indian rupee for trade along the border it shares with India, following the Southeast Asian country's agreement this month to deal in Thai baht with neighbours and the kyat-baht initiative for border trade with China. "The Myanmar government intends to [...]
This Chemical stock is up 30% in a month; Analysts say more upside left
Shares of Gujarat Narmada Valley Fertilizers & Chemicals Ltd (GNFC) added another 2.77% today and are trading at ₹ 728.50 per share. The share price has increased by 30.53% in the last month. On Friday, March 12, 2022, the company’s share prices were up 12.5 odd% and they gained 19% in the past week, but [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, Mar 15 (PTI) Money Market Operations as on March 14, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate RANGE A. Overnight Segment 499,926.04 3.23 1.00-5.15 I. Call Money 7,736.69 3.24 2.20-3.45 II. Triparty Repo 371,072.20 3.22 3.00-3.35 III. Market Repo 121,030.65 3.27 1.00-3.40 IV. Repo [...]
Club Mahindra Announces the Winner of Its New Member Lucky Draw
Ranchi, Jharkhand, India – Business Wire India Club Mahindra, the flagship brand of Mahindra Holidays & Resorts India Limited (MHRIL), ran a special offer in December 2021, where prospects who subscribed to a Club Mahindra membership became eligible to win exciting prizes. Amongst the eligible subscribers, one winner was chosen via lucky draw, and has [...]
Godrej Properties buys 50 acre land at Sonipat in Haryana for plotted development
New Delhi, Mar 15 (PTI) Realty firm Godrej Properties Ltd on Tuesday said it has bought about 50 acres of land parcel at Sonipat in Haryana for plotted development as part of its plan to expand business across major cities. The Mumbai-based firm did not disclose the deal value as well as the name of [...]
Trianz Is Now Great Place to Work-Certified™
BANGALORE, India, March 15, 2022 /PRNewswire/ -- Trianz is proud to be Great Place to Work®-Certified in India, after having received the Great Place to Work® Certification in the US recently. The prestigious award is based entirely on what current employees say about their experience working at Trianz. The scores for Trianz were significantly higher [...]
Delek US chooses Flutura’s Cerebra for its Refinery of the Future Initiative, signs multiyear collaboration agreement
BANGALORE, India, March 15, 2022 /PRNewswire/ -- Flutura a pioneering Industrial AI company recently deployed its suite of Industrial AI solutions Cerebra for Delek US at their Big Spring Refinery as part of the Refinery of the Future initiative. Flutura and Delek US signed a multi-year agreement to collaborate and expand the deployment into newer [...]
UK to lift all remaining COVID-19 international travel rules
London, Mar 15 (PTI) The UK government will lift all its remaining COVID-19 pandemic related international travel restrictions from this Friday, including the requirement for travellers to fill in a compulsory Passenger Locator Form prior to entering the country.From 4 am GMT on Friday, arrivals into the UK will no longer be required to submit [...]
Sebi slaps fine on Future Enterprises for disclosure lapses related to Amazon arbitration
Markets regulator Sebi on Monday slapped a fine of Rs 5 lakh on Future Enterprises Ltd for disclosure lapses in a matter related to arbitration proceedings against Future Group by Amazon.com NV Investments Holdings LLC. Future Enterprises failed to disclose to the exchanges the information regarding the initiation of arbitration proceedings and also the passing [...]
Reliance to buy assets of battery firm Lithium Werks for USD 61 mn
Billionaire Mukesh Ambani's Reliance Industries Ltd on Monday announced acquisition of assets of cobalt-free lithium battery technology company Lithium Werks for USD 61 million, as it builds technology and material wherewithal for setting up an end-to-end battery manufacturing. "Reliance New Energy Ltd, a wholly owned subsidiary of Reliance Industries Ltd, has today signed definitive agreements [...]
Apple releases update to unlock iPhone with face mask on
Houston, Mar 15 (PTI) Apple has released a software update that enables iPhone users to unlock their devices while having face masks on.The new update, iOS 15.4, released on Monday also includes a host of other features for existing iPhones.In a statement, Apple said the new feature allowing users to unlock their iPhones using Face [...]
Indian-American entrepreneur launches AI-based stock market investment platform
Washington, Mar 15 (PTI) An Indian-American entrepreneur from Silicon Valley has launched an artificial intelligence-based platform through which people can invest in stocks for as low as USD1."We are bringing one of the best ways to earn more to people who need it the most. We are trying to make the investments as much as [...]
Govt widens meaning of real estate business under FDI policy
New Delhi, Mar 14 (PTI) The government on Monday widened the meaning of 'Real estate business' under the foreign direct investment (FDI) policy which now includes dealing in land and immovable property to earn profit. According to a Press Note of the Department for Promotion of Industry and Internal Trade (DPIIT), it is clarified that [...]
RBI letter to Paytm Bank does not talk about data access, says Vijay Shekhar
New Delhi, Mar 14 (PTI) The Reserve Bank of India in its letter to Paytm Payments Bank has not mentioned anything about data access but has asked the company to carry out an audit from a third party, a top official of the company said on Monday. Vijay Shekhar Sharma, the chairman of digital financial [...]
Pakistan left with only five days of diesel stocks: Report
Islamabad, Mar 14 (PTI) Pakistan is staring at a potential shortage of diesel as the country is left with only five days of diesel stocks after oil prices in the international market spiralled to USD 112 per barrel following Russia’s military offensive in Ukraine last month, according to a media report on Monday. According to [...]
DPIIT notifies 20% FDI in LIC under automatic route
New Delhi, Mar 14 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow up to 20 per cent foreign direct investment (FDI) in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer. The Union Cabinet had last month approved the decision [...]
Sebi levies Rs 7 lakh fine on Jaypee Infratech for disclosure lapses
New Delhi, Mar 14 (PTI) Markets regulator Sebi on Monday imposed Rs 7 lakh fine on Jaypee Infratech Ltd for disclosure lapses. The company did not make disclosures with regard to series of non-convertible debt (NCD) securities issued and listed by it, as required under market norms, a Sebi order said. Besides, it failed to [...]
Persistent to acquire MediaAgility for Rs 548 cr
New Delhi, Mar 14 (PTI) IT company Persistent Systems on Monday said it will acquire New Jersey-based cloud technology firm MediaAgility for USD 71.71 million (about Rs 548 crore) in an all-cash deal. The company will make an upfront payment of USD 53.25 million to shareholders of MediaAgility. Besides this, shareholders of MediaAgility will be [...]
Ukraine war: SBI sees Re at 77.5 by Jun; CAD at 3.5 pc if crude boils; GDP growth at 7.1 pc
Mumbai, Mar 14 (PTI) House economists at the nation's largest lender SBI have forecast more pain for the rupee if the ongoing Ukraine war lingers, plumbing to a new low of 77.5 to a dollar by June and marginally improving to 77 by end-December. They also said the current account deficit (CAD) will be at [...]
No shortage of urea in state, assures Haryana Agri Minister
Chandigarh, Mar 14 (PTI) Haryana Agriculture Minister J P Dalal on Monday asserted that there is no shortage of urea fertiliser in the state and farmers are happy. He was replying to a question in the state assembly raised in the Question Hour by opposition Congress member Kiran Choudhary. Dalal said during the current Rabi [...]
DPIIT notifies 20 pc FDI in LIC under automatic route
New Delhi, Mar 14 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Monday notified a government decision to allow 20 per cent foreign direct investment (FDI) in IPO-bound LIC. The Union Cabinet had last month approved the decision to facilitate disinvestment of the country's largest insurer. PTI RR ABM ABM
RBI’s harmonised regulations for microfinance to provide level playing field, increase competitiveness: MFI players
Mumbai, Mar 14 (PTI) The microfinance industry on Monday welcomed the revised directions for microfinance loans issued by the Reserve Bank of India (RBI) and said the harmonised regulations will usher in a new era, bring in uniformity and provide a level playing field in the sector. In February last year, RBI had announced [...]
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