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Smart meter stock in which Nomura Investment Fund bought fresh stake in Q2
The Nomura India Investment Fund Mother Funds is part of the broader set of funds managed by Nomura Asset Management, which is a division of the Nomura Group, a major Japanese financial services company. It typically focuses on investing in Indian equities or companies with significant operations in India, designed to capture the growth potential [...]
3 Defence stocks in which mutual funds increased their stake in Q2
Investing in defence shares offers financial growth due to its steady demand, government backing, and long-term contractual commitments. Listed below is a Defence stock which is the Indian government’s prime manufacturer of defence machinery in the Aeronautic segment, that you can add to your watchlist/ portfolio. Mutual funds are investment vehicles that pool money from [...]
PSU stocks in which FIIs increased their stake by up to 2.9% in Q2; Do you hold any?
PSU stocks are preferred by most of the investors for their safety, strong dividends, potential for value appreciation, and government backing, making them appealing for conservative and income-focused investors. They often dominate key sectors like defence, energy, banking, infrastructure, and others giving tough competition to the private sector along with strong financials, good future plans, [...]
Stocks to Watch: 5 Stocks that will trade ex-dividend next week
Dividends are a share of a company's profits paid out to shareholders as a reward for their investment. These periodic payments offer investors a consistent income stream and indicate the company's financial health and stability. For investors seeking reliable income and sustained growth, grasping dividend policies and trends is crucial. Here are five stocks that [...]
Ambani stock with revenue guidance of ₹8,000 Cr for FY25 to look out for
India's renewable energy sector is experiencing rapid growth, with an installed capacity of over 207 GW as of 2024, marking a 396% increase since 2014. The country aims to achieve 500 GW of non-fossil fuel-based energy by 2030, driven by significant investments and government initiatives to combat climate change and meet rising energy demands. With [...]
4 Stocks with high RoE and RoCE of 50% to add to your watchlist
The PEG ratio (Price/Earnings to Growth ratio) is a valuation metric that compares a company's P/E ratio to its expected earnings growth rate, helping investors assess whether a stock is overvalued or undervalued. A PEG ratio below 1.0 suggests the stock may be undervalued relative to its growth potential, while a ratio above 1.0 indicates [...]
Stocks in which Ashish Kacholia and other ace investors bought fresh stake in Q2
Ace investors are renowned individuals who have achieved significant success in the stock market through their investment strategies and portfolios. The decisions and portfolio moves of these ace investors can significantly influence stock prices and market sentiment. Listed below are some of the stocks in which Ace Investors have made fresh position in Q2FY25. Jyoti [...]
Vijay Kedia stock falls 9% after it misses market estimates
Asia’s leading industrial gear manufacturer plunges above 16 percent following a nearly 1 percent year-on-year decrease in net profit for Q2 FY25. Share price variations: With a market capitalization of Rs. 14,069.88 crores, Elecon Engineering Company Ltd. made an intraday low of Rs. 621.00 representing a 16.17 percent decrease from its previous closing price of [...]
Realty stock jumps 9% after Mukul Agarwal received 7.5 Lakh shares via preferential issue
The shares of this small-cap real estate company, surged nearly 9 percent after the board approved raising Rs. 225 crores through a preferential issue. Share price variations: With a market capitalization of Rs. 3,079.55 crores, Ajmera Realty & Infra India Ltd. rose to an intraday high of Rs. 874.00 representing an 8.65 percent increase from [...]
Netflix jumps 15% after reporting strong Q3 results; Adds 5.1 Mil new subscribers
Netflix reported improving its product-market fit in APAC(Asia-Pacific), supported by a strong local content lineup in Japan, Korea, Thailand, and India during Q3. This led to a 19 percent year-over-year revenue growth in the APAC region, the highest among all markets. Additionally, the platform added 5.1 million new subscribers. What happened In Q3 2024, Netflix's [...]
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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
Govt appoints ex-financial services secretary Debasish Panda as IRDAI chief
New Delhi, Mar 11 (PTI) The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of [...]
Bengal govt presents Rs 3.21-lakh crore FY’23 budget; incentives for EVs, tea sector gets tax relief
Kolkata, Mar 11 (PTI) West Bengal Finance Minister Chandrima Bhattacharya on Friday presented a Rs 3.21-lakh crore budget for the 2022-23 fiscal, proposing incentives for battery-operated and CNG vehicles and tax relief for the tea sector.Total budget allocation for 2022-23 will see 3.8 times growth to Rs 3,21,030 crore as against the figure in 2010-11, [...]
ACMA Automechanika shifts exhibition cycle; to be held in February 2024
New Delhi, Mar 11 (PTI) Messe Frankfurt India along with Auto Component Manufacturers of India (ACMA) will conduct first post-pandemic physical edition of industry event Automechanika at Pragati Maidan from February 1-3, 2024, a release said on Friday. The event would also mark a shift in the exhibition cycle from odd years to even years [...]
Walmart not keen to open retail stores in India; to focus on Flipkart, PhonePe
Mumbai, Mar 11 (PTI) American retail giant Walmart is not keen on opening direct-to-consumer physical stores in India, but will focus on growing its acquisitions - online marketplace Flipkart and payments major PhonePe, a top official said on Friday.It can be noted that the company acquired Flipkart and PhonePe in a USD 16 billion deal [...]
Areca nut, coconut prices
Mangaluru, Mar 11 (PTI) Following are prices of areca nut, coconut. Areca (per quintal) Old Supari : Rs 47,000 to Rs 52,000 model Rs 51,000 New Supari : Rs 38,000 to Rs 45,000 model Rs 42,000 Koka : Rs 25,000 to Rs 35,000 model Rs 30,000 Coconut [per thousand]: 1st quality: Rs 18,000 to Rs [...]
Airlines increase weekly domestic flights by 10.1% for summer 2022: DGCA
Indian carriers have increased their domestic services by 10.1 per cent to 25,309 weekly flights in the upcoming summer schedule as compared to 22,980 last season, aviation regulator DGCA said on Friday. IndiGo has increased its domestic flights by 10.4 per cent to 11,130 weekly services for summer 2022 as compared to 10,084 weekly services [...]
RBI has asked Paytm Payments Bank to stop opening new accounts
The RBI on Friday asked Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. "Reserve Bank of India has today, in exercise of its powers, inter alia, under section 35A of the Banking Regulation Act, 1949, directed Paytm Payments Bank Ltd to stop, with immediate effect, onboarding of [...]
Punjab & Sind Bank to buy 2 pc stake in bad bank NARCL for Rs 55cr
New Delhi, Mar 11 (PTI) Punjab & Sind Bank on Friday said it has entered into an agreement to buy 2 per cent stake in asset reconstruction company NARCL for Rs 55 crore. "Punjab & Sind Bank has entered into an agreement with National Asset Reconstruction Company on March 10, 2022 regarding investment in NARCL," [...]
Steel Minister inaugurates Steel Week at India Pavilion in Expo 2020 Dubai
New Delhi, Mar 11 (PTI) Steel Minister Ram Chandra Prasad on Friday inaugurated the Steel Week at India Pavilion in Expo 2020 Dubai.The minister is leading a delegation to showcase and discuss with investors the business opportunities available in the Indian steel sector."Inaugurated Steel Week at India Pavilion @expo2020dubai. Steel week from March 11-17 is [...]
Maha Budget proposes reduction in VAT on CNG to 3 pc from 13.5 pc
Mumbai, Mar 11 (PTI) In a relief for consumers of domestic piped CNG as well as vehicle owners, Maharashtra Finance Minister Ajit Pawar on Friday proposed a drastic cut in the Value Added Tax (VAT) on natural gas from 13.5 per cent to 3 per cent.Pawar, who presented the state Budget in the Assembly, said [...]
Hindustan Zinc Launches Passenger EVs for Employees to Reduce Carbon Footprint
Udaipur, Rajasthan, India – Business Wire India • Under the ground & over the surface, EVs are leading the way at Hindustan Zinc as the company fast tracks its decarbonization journey with implementation of frontline, utility, service and passenger electric vehicles • The company had also signed MoUs with Epiroc and Normet for introducing India’s [...]
Maharashtra aims to become USD 1 trillion economy: CM
Mumbai, Mar 11 (PTI) Maharashtra Chief Minister Uddhav Thackeray on Friday said the third budget of the Maha Vikas Aghadi (MVA) was aimed at an all-around development of the state, which was in a revival mode after the impact of the COVID-19 pandemic, and a step towards becoming a USD 1 trillion economy.Earlier, Deputy Chief [...]
Women homeownership rises in last 2-3 years: Kotak official
New Delhi, Mar 11 (PTI) Homeownership by working women has gone up over the last 2-3 years and their number as primary loan applicants are rising, even as the overall percentage is still very low, a top Kotak Mahindra Bank official has said.This trend will strengthen their financial independence and decision making, the official added.Women [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MARCH 11 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 69377.00 69713.00 STANDARD GOLD (99.5) : 52158.00 52252.00 PURE GOLD (99.9) : 52368.00 52462.00 KOLKATA BULLION CLOSING SILVER RDY.(BAR) : Rs.70,150.00(69,300.00) Per Kg.SILVER RDY.(PORTION) : Rs.70,250.00(69,400.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.53,200.00(53,100.00) Per 10 Gms.GOLD (22-CARAT) [...]
Govt appoints ex-financial services secretary Debasish Panda as IRDAI chief
New Delhi, Mar 11 (PTI) The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of [...]
CCI decides not to pursue case related to Amazon Seller Services
New Delhi, Mar 11 (PTI) Fair trade regulator CCI on Friday decided not to proceed in a matter pertaining to Amazon Seller Services Pvt Ltd. The regulator had taken suo moto cognisance of the matter after a report stated that "Amazon copied products and rigged search results to promote its own brands, documents show". It [...]
Annalect India sets up fourth Centre of Excellence; to double up size by end of the year
Chennai, Mar 11 (PTI): Annalect India, part of Annalect Global and Omnicom Group, a global marketing communications company, on Friday said it has set up Centre of Excellence in the city, the fourth such facility in the country. The company has established three Centres of Excellence each in Gurugram, Bengaluru and Hyderabad and has over [...]
Bora Multicorp enters the Indian D2C Ecosystem with a brand AKSA
AKSA is India’s first e-commerce platform for specialized gold vermeil and silver jewelry. Indian shoppers have a new way to buy gold vermeil and 925 hallmarked silver jewelry with the launch of AKSA.Gold vermeil is a technique of gold plating that was originally developed in France in the 19th century. It was used to make [...]
NEWSALERT
Govt appoints former financial services secretary Debasish Panda as Irdai Chairman: Sources. PTI DP ANZ BAL
Markets extend gains for fourth day amid mixed global cues; pharma stocks shine
Mumbai, Mar 11 (PTI) Rising for the fourth straight day, benchmark indices Sensex and Nifty eked out modest gains after a choppy session on Friday amid a mixed trend in global equities and uncertainties on the geopolitical front. A strengthening rupee lent further support, though persistent foreign fund outflows capped the gains. Overcoming bouts of [...]
Anand Rathi Investment Services launches ‘Simple hai, to Sahi hai’ campaign
MUMBAI, India, March 11, 2022 /PRNewswire/ -- Anand Rathi Investment Services (Anand Rathi Share and Stock Brokers Limited), one of the leading full-service broker in India with a pan India presence has launched their digital campaign 'Simple hai, to Sahi Hai' for their newly revamped Trading app 'TradeMobi'. Conceptualised and written by the marketing team [...]
SunTec Business Solutions to invest USD 10 million in 3 yrs, sets up development centre in Chennai
Chennai, Mar 11 (PTI) SunTec Business Solutions has drawn up plans to invest USD 10 million over the next three years in engineering, infrastructure, and research and development, the company said on Friday. The company recently inaugurated its new development centre in TRIL Ramanujam IT City, Chennai apart from the existing offices and development centres [...]
Maha FM presents revenue deficit budget; introduces GST amnesty scheme
Mumbai, Mar 11 (PTI) Maharashtra Deputy Chief Minister Ajit Pawar on Friday presented a revenue deficit budget while announcing an amnesty scheme for the Goods and Services Tax (GST) payees. Tabling the third budget of the Shiv Sena-NCP-Congress government in the Legislative Assembly, Pawar, who holds the finance portfolio, said a provision of Rs 1,50,000 [...]
Digitisation, innovative technologies creating unprecedented disruption in banking sector: SBI Khara
Mumbai, Mar 11 (PTI) Digitisation and innovative technologies are creating unprecedented disruption in the banking sector, and lenders need to be agile to meet the rising expectations of customers, State Bank of India's Chairman Dinesh Khara said on Friday.Banks have adopted the digital revolution, which has reduced their cost and widened the area of services [...]
Vegas Mall hosts #IAMWOMEN A Women’s Day Celebration to Remember
~ Celebrating the true spirit of womanhood ~ New Delhi 11th March 2022, Honouring & cherishing the women warriors that have contributed to our society with their invincible talent & efforts. Vegas mall joined hands with the biggest community of Dwarka, a community lead by women for women – “Dwarka Moms”, to host the biggest [...]
Nazara commits investment of Rs 30 cr to Griffin Gaming Partners Fund II over next 3 years
New Delhi, Mar 11 (PTI) Digital gaming and sports company Nazara Technologies through its wholly-owned subsidiary Nazara Technologies FZ LLC has committed an investment of Rs 30 crore in Griffin Gaming Partners Fund II. Nazara Technologies FZ LLC, known as Nazara Dubai, will invest up to Rs 10 crore upfront, while the rest Rs 20 [...]
PEPPER COPRA CLOSING
MUMBAI, MAR 11 (PTI) Mumbai :- PEPPER COPRA CLOSING 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 SSBSSB SSB
Premier Li Keqiang says job growth key to prop up China’s economy
Beijing, Mar 11 (PTI) Chinese Premier Li Keqiang on Friday defended the lower target of 5.5 per cent growth for the GDP, saying employment is key for the country, the world's second largest economy, to maintain the potential economic growth. China will be able to achieve its potential economic growth as long as it can [...]
COMMODITY PRICES
MUMBAI, MAR 11 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 795.00 COPPER HEAVY SCRAPS 785.00 COPPER ARMATURE (CREDIT) 773.00 COPPER UTENSILS SCRAP 700.00 CC ROD 842.00 BRASS :- BRASS SHEET CUTTING 571.00 BRASS UTENSIL SCRAP 538.00 BRASS HONEY 515.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 205.00 ALUMINIUM EXTRUSION SCRAP 241.00 ALUMINIUM [...]
Max Life and YES BANK Complete 17 Years of Strategic Bancassurance Partnership; Reaffirm Commitment towards Next-gen Customer Experience
New Delhi, Delhi, India (NewsVoir) Max Life Insurance Co. Ltd. (“Max Life”), and YES BANK Limited (“YES BANK”), on the completion of seventeen years of strategic bancassurance partnership, have reaffirmed a renewed commitment towards building next-generation customer experiences. Offering seamless integration of new-age technologies in the business ecosystem, the partners have realigned their focus on [...]
OILSEEDS PRICES
MUMBAI, MAR 11 (PTI) OILS (per 10 Kgs) G.Nut Raw 1640.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. - Sunflower Exp.Ref. 1820.00 Cottonseed(Refined) 1875.00 Refined Palm Oil 1605.00 Soyabean Ref. 1600.00 Imp.Soyabean Crude - Rapeseed Ref. 1580.00 Rapeseed Exp. 1550.00 Copra white 1640.00 Rice Bran 4-7% FFA - Rice Bran 1420.00 Linseed 1925.00 Castor [...]
Kaiser Hair, the Official Hair Extensions Partner of Miss Universe 2021, Joins Hands with India-based Luxury Salon Bblunt
Kaiser Hair has been the official Hair Extensions partner of Miss Universe 2021 Harnaaz Sandhu Mumbai, Maharashtra, India (NewsVoir) Kaiser Hair, the official Hair Extensions Partner of Miss Universe 2021 Harnaaz Sandhu, has entered into a strategic partnership with India-based luxury salon Bblunt. The association between the well-known hair extensions brand Kaiser Hair and the [...]
GROHE and Hurun India Launch ‘Builders of Tomorrow’
Bengaluru, Karnataka, India (NewsVoir) GROHE and Hurun India have been publishing the GROHE Hurun India Real Estate Rich List - a list of the most successful real estate entrepreneurs in the country - for nearly half a decade. It has been an enriching experience collaborating, tracking and celebrating the stories of these respected leaders of [...]
Institute of Risk Management-India Affiliate Announces Results for February 2022 Level-1 ERM Examination
Nishant Kumar Sharma, Senior Manager, Corporate Planning, NTPC Limited , secured All-India rank with 85.5% while Palak Aggarwal, NMIMS Alumnus and Advisory Associate Analyst, Deloitte, secured 85.1% MUMBAI, India, March 11, 2022 /PRNewswire/ -- Institute of Risk Management (IRM) - India Affiliate, recently announced the results of the February 2022 ERM Level-1 examination. Nishant Kumar [...]
SAT dismisses Dish TV’s appeal against Sebi order
New Delhi, Mar 11 (PTI) The Securities Appellate Tribunal (SAT) has disposed of Dish TV India Ltd's plea against a Sebi order that directed the company to disclose the results of its annual general meeting (AGM) that was held on December 30, 2021. Sebi, in its order on Monday, directed the satellite television broadcaster to [...]
NEWSALERT
Bengal budget proposes exemption from registration fee, road taxes for 2 years for battery-operated and CNG vehicles. PTI DC RBT RBT
Need to reorient or shift incentives to protect, promote trees outside forests: WRI India study
New Delhi, Mar 11 (PTI) Growing trees outside forests (ToF) presents a significant environment and economic opportunity in India, but there is a need for shifting of incentives to protect existing trees outside forests besides improving research around native tree species, according to a latest study by WRI India. The study, which analysed 16 national [...]
Guar gum futures gain on demand
New Delhi, Mar 11 (PTI) Guar gum prices on Friday gained Rs 169 to Rs 11,260 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher by 1.52 per cent or Rs 169 at Rs 11,260 [...]
Guar seed futures rise on fresh bets
New Delhi, Mar 11 (PTI) Guar seed prices on Friday rose by Rs 42 to Rs 6,147 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery increased by Rs 42 or 0.69 [...]
100ms raises USD 20 mn in funding round led by Alpha Wave Incubation
New Delhi, Mar 11 (PTI) Live video infrastructure start-up 100ms has raised USD 20 million (about Rs 153 crore) in a Series-A funding round led by Alpha Wave Incubation. Matrix Partners India, LocalGlobe and existing investors Accel and Strive.vc also participated in the funding round, the company said. "The funds will be used to hire [...]
LivQuik first PPI to achieve RBI’s PPI interoperability guidelines
MUMBAI, India, March 11, 2022 /PRNewswire/ -- Mumbai-based Prepaid Payment Instrument (PPI) Issuer LivQuik today announced achieving full Interoperability as mandated by the Reserve Bank of India for their Prepaid payments Instruments and is also the first PPI Issuer to have achieved full interoperability thereby allowing its customers the choice of issuing a prepaid payment [...]
State-owned banks on course to book better profits next fiscal: Report
Mumbai, Mar 11 (PTI) Strengthening economic recovery and stable financial metrics will help state-owned banks have stable earnings during the next financial year, aided by the gradual unwinding of regulatory forbearance through the year, according to a report. Fitch Ratings in the report on Friday also said private sector banks are better placed to reap [...]
A&W Capital Acts as the Exclusive Financial Advisor to KukuFM for its Series B Fund Raise of USD 19.5 Million Led by Krafton
The round also saw participation from existing investors including 3one4 Capital, Vertex Ventures, and India Quotient, with Founder Bank Capital and Verlinvest joining as new investors New Delhi, Delhi, India (NewsVoir) As the deal activity continues to gather steam in the attractive digital audio space in India, KukuFM, India’s leading subscription based digital audio platform, [...]
Hafele Launches Strong, Versatile and Creatively Workable Terra Quartz Surfaces for Wide Array of Home Applications
Bangalore, Karnataka, India (NewsVoir) Terra, the latest addition under the Hafele Surfaces brand, defines all that is “Hafele” - it comes with our promise of exceptional German quality; our legacy of understanding kitchens; our expertise in engineered stone materials; and our commitment to service. It is a Quartz dominated surface range (with a 20 mm [...]
India good at managing finances but global energy price rise will hurt it: IMF MD
Washington, Mar 11 (PTI) India has been very good at managing its finances but the surge in global energy prices after Russia's military operations in Ukraine is going to have a negative impact on its economy, according to IMF Managing Director Kristalina Georgieva. The head of the International Monetary Fund (IMF), during a media round [...]
Crude oil futures gain on spot demand
New Delhi, Mar 11 (PTI) Crude oil prices on Friday rose by Rs 120 to Rs 8,274 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 120 or 1.47 per cent to Rs 8,274 per barrel in 6,502 [...]
‘Unthinkable’ has happened, we’ve war in Europe, says IMF MD
Washington, Mar 11 (PTI) Russia's invasion of Ukraine has consequences not only on that country, but also in the region and the world, IMF Managing Director Kristalina Georgieva has warned, saying the "unthinkable" has happened in Europe. The top official of the International Monetary Fund (IMF), during a media round table on Thursday on the [...]
JSPL or Jindal Steel and Power Limited declares interim dividend for FY22
Jindal Steel and Power Limited (JSPL) on Friday said it will pay a dividend to investors for financial year 2021-22 and aims to become net debt-free in the upcoming financial year. "JSPL has declared an interim dividend of Re 1 per equity share i.e. 100 per cent on the face value for the Financial Year [...]
Devyani International shares may rally 40%; Analysts give targets
Many brokerages are bullish on the shares of Devyani International and believe that the stock may rally further as the company is aggressively expanding its store network. Devyani International is the second-largest QSR chain (Quick Service Restaurant) in India that operates brands like KFC, Pizza Hut and Costa Coffee, after Jubilant FoodWorks which operates Domino's [...]
Titan Company’s arm to acquire 17.5 pc stake in Great Heights Inc for USD 20 mn
New Delhi, Mar 11 (PTI) Tata group firm Titan Company on Friday said its subsidiary has inked a pact to acquire 17.5 per cent voting rights in US-based Great Heights Inc for USD 20 million (around Rs 152 crore). TCL North America Inc (TCLNA), a wholly-owned subsidiary of the company, has signed a stock purchase [...]
BULLION OPENING RATE
SLUG PRICES MUM GENERAL OPEN MARCH 11 MUMBAI, (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 69377.00 STANDARD GOLD (99.5) : 52158.00 PURE GOLD (99.9) : 52368.00 KOLKATA BULLION OPENING Kolkata, Mch.11(PTI): SILVER RDY.(BAR) : Rs.69,300.00 Per Kg.SILVER RDY.(PORTION) : Rs.69,400.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.53,100.00 Per 10 Gms.GOLD (22-CARAT) RDY. : [...]
Strides Pharma unit gets USFDA for generic product
New Delhi, Mar 11 (PTI) Drug firm Strides Pharma Science on Friday said its subsidiary has received approval from the US health regulator to sell colchicine tablets, used for the treatment and prevention of gout, in the American market. Singapore-based Strides Pharma Global Pte, a step down wholly-owned subsidiary of the company, has received approval [...]
SBI-FOREX RATES
MUMBAI, MAR 11 (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 75.55 77.05 75.49 77.21 EUR/INR 82.54 85.38 82.47 85.55 GBP/INR 98.29 101.45 98.21 101.65 JPY/INR 64.43 66.60 64.38 66.73 [...]
MUM PEPPER COPRA OPENING RATES
MUMBAI, MAR 11 (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
RBI-MONEY MARKET OPERATIONS
MUMBAI, MAR 11 (PTI) Money Market Operations as on March 10, 2022 (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume Weighted (One Leg) Average Rate Range A. Overnight Segment 511,518.97 3.74 0.25-5.95 I. Call Money 9,830.25 3.45 2.00-4.00 II. Triparty Repo 360,539.10 3.77 3.50-4.90 III. Market Repo 141,114.52 3.69 0.25-4.50 IV. Repo [...]
Automobile dispatches dip 23% in February as supply-side challenges continue: SIAM
Automobile dispatches from factories to dealerships across the country declined 23 per cent in February, as various supply-side challenges, including semiconductor shortage, and rise in vehicle prices due to the implementation of new regulations continued to impact demand scenario, industry body SIAM said on Friday. Wholesales of domestic passenger vehicles, two-wheelers and three-wheelers declined 23 [...]
This Multibagger stock is up 35% in a week on bonus issue announcement
The company’s board had approved the issue of bonus shares in the ratio of 2:1 on February 8, 2022.As per experts, the price-to-moving averages action, coupled with key momentum oscillators are clearly in favour of the bulls, however, the RSI has entered the overbought territory and quotes above 70 levels. Many stocks have rallied more [...]
Lanka IOC hikes fuel prices yet again
Colombo, Mar 11 (PTI) The Lanka Indian Oil Company (LIOC), the Sri Lankan subsidiary of India’s oil major Indian Oil Corporation has hiked the retail prices of petrol and diesel with effect from Friday due to the significant depreciation of the Sri Lankan Rupee, the third time the firm has increased fuel prices in a [...]
RAISIN GLOBAL PROUDLY CELEBRATES ITS WOMEN EMPLOYEES THIS WOMEN’S DAY
MUMBAI, India, March 11, 2022 /PRNewswire/ -- Raisin Global, a brand by Parvati Fabrics Ltd, is a comfort-apparel brand powered by women for women. With women participating actively in all aspects from back-end to accounts and administration, women constitute 60% of the brand's workforce. Mr. Vikash Pacheriwal, the Co- Founder, believes in debunking the stereotypical [...]
Birla Niyaara Clocks Record Sales Booking of Rs 1000 Cr
The 14-acre integrated development at the heart of Worli is a flagship project of Birla Estates Mumbai, Maharashtra, India – Business Wire India Birla Niyaara, the flagship project of Birla Estates Pvt Ltd, has received an overwhelming response and recorded sales of INR 1000 Crore booking value making it the most successful launch in MMR [...]
Godrej Agrovet Limited launches new insecticide Gracia
Eyes larger share of the Rs. 25,000 Cr crop protection market MUMBAI, India, March 11, 2022 /PRNewswire/ -- Godrej Agrovet Limited, one of India's largest diversified agri-business, today announced the launch of Gracia (Fluxametamide, an isoxazoline compound) in the Indian market. It is a patented chemistry discovered and developed by Japan's Nisan Chemical Corporation and [...]
Pearl Academy strengthens its exclusive collaboration with Fashion Design Council of India
NEW DELHI, March 11, 2022 /PRNewswire/ -- Pearl Academy, India's leading institute in creative studies today strengthened its collaboration with Fashion Design Council of India (FDCI), the apex body of fashion designers in India. The collaboration aims to provide an enhanced learning experience to the students through a series of programs and industry events spread [...]
Indian Society of Nephrology (ISN) and AstraZeneca India join hands this World Kidney Day to fulfil the theme of ‘Kidney Health for All’
BANGALORE, India, March 11, 2022 /PRNewswire/ -- This World Kidney Day, Indian Society of Nephrology (ISN), the largest professional organization of nephrologists in India dedicated to advancing kidney health worldwide and AstraZeneca, a science-led biopharmaceutical company, announced a multi-year partnership to create public awareness about kidney care and related health disorders, build education at primary [...]
UnlistedKart App Makes Its Debut in the Unlisted Stock Market
BENGALURU, India, March 11, 2022 /PRNewswire/ -- In the past 4 years, UnlistedKart has been at the forefront of the unlisted stock space, achieving a collective top line of 250+ crores and clocking an impressive IRR of 40% on their recommended portfolio. A testament to their explosive growth has been their research-first platform that empowers [...]
NEWSALERT
Congress OKs USD 13.6B to help Ukraine, allies resist Russian invasion as part of huge bill funding federal agencies, reports AP. PTI CPS
India good at managing finances but global energy price rise will hurt it, says IMF MD
Washington, Mar 11 (PTI) India has been very good at managing its finances but the surge in global energy prices is going to have a negative impact on its economy, said Kristalina Georgieva, the Managing Director of the International Monetary Fund.During a media roundtable on Thursday on the Russian invasion of Ukraine and its global [...]
Prabha Narasimhan to join Colgate-Palmolive India as MD and CEO
New Delhi, Mar 10 (PTI) Leading oral care products maker Colgate-Palmolive (India) Ltd on Thursday announced to appoint former HUL Executive Director Prabha Narasimhan as its Managing Director and CEO. The present Managing Director and CEO Ram Raghavan is promoted to the global Enterprise Oral Care role for parent firm Colgate-Palmolive. Narasimhan until recently led [...]
As pandemic wanes, Kerala expects to attract more tourists
Ahmedabad, Mar 10 (PTI) As the third wave of the coronavirus pandemic wanes, Kerala is expecting to attract tourists in large numbers by reinventing itself as a preferred destination for travellers, an official of Kerala Tourism said on Thursday. The official said immediate focus is on domestic tourism in which Gujarat is a key market [...]
SBI sees huge complementarity in India-UK free trade agreement regime
London, Mar 10 (PTI) The State Bank of India (SBI) in the UK sees huge complementarity in the new Free Trade Agreement (FTA) regime and wants to help achieve aspirations on both sides, SBI Chairman Dinesh Kumar Khara said in London on Thursday.Addressing a conclave organised with the Federation of Indian Chambers of Commerce and [...]
Bayer to sell its environmental science biz to Cinven for USD 2.6 bn
New Delhi, Mar 10 (PTI) Bayer CropScience Ltd on Thursday said its parent firm Bayer AG has signed a definitive agreement with global private equity firm Cinven to sell its environmental science professional business for USD 2.6 billion.The transaction is expected to close in the second half of this year, subject to the satisfaction of [...]
Telegram channel case: Sebi again conducts search and seizure operations in multiple locations
New Delhi, Mar 10 (PTI) Continuing its crackdown against entities allegedly involved in a front-running scam using messaging app Telegram, Sebi on Thursday carried out search and seizure operations at the premises of eight entities in multiple locations across the country. These entities are reportedly operating nine Telegram channels with more than five million subscribers [...]
RailTel ranks 124 in Fortune India Next 500 list
New Delhi, Mar 10 (PTI) RailTel jumped 67 positions to rank 124th in the recently announced 'Fortune India Next 500 list of Year 2022' list, the rail PSU said in a statement.It was ranked 197 in the 2021 list of top midsize companies operating in India.RailTel is one of the largest neutral telecom infrastructure services [...]
Putin warns of further spike in fertiliser prices if West creates ‘difficulties’ for Russia
Moscow, Mar 10 (PTI) Russian President Vladimir Putin on Thursday warned that the price of fertilisers across the globe may spike further if the West continued to create "difficulties" for his country, one of the world's largest suppliers of mineral fertilisers.Addressing members of the Russian government, Putin also called on the West not to blame Russia [...]
Amazon’s Indian exporter base rises to cross 1 lakh-mark
New Delhi, Mar 10 (PTI) E-commerce company Amazon India on Thursday announced that the Indian exporter base on its platform has now increased by about 66 per cent since January 2020 to over 1 lakh.The company has around 60,000 exporters on Amazon who are shipping products overseas."Over 1 lakh Indian exporters are now selling globally [...]
MMTC executes share-purchase pact to sell stake in NINL to Tata Steel arm
New Delhi, Mar 10 (PTI) MMTC Ltd on Thursday said it has executed a share purchase agreement to sell its entire stake in Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long Products Ltd as part of the disinvestment drive of the government.In January, the government approved the sale of loss-making NINL to Tata Steel [...]
Exide collaborates with Chinese firm for lithium-ion cell manufacturing in India
Kolkata, Mar 10 (PTI) Storage battery major Exide Industries has forged a multi-year technical collaboration with a Chinese company for lithium Ion battery manufacturing in India.Exide in a statement on Thursday said partner SVOLT Energy Technology Co Ltd (SVOLT) as part of the agreement will grant Exide an irrevocable right and license to use, exploit [...]
BIS asks soy product makers to get quality certification, use ISI mark
New Delhi, Mar 10 (PTI) With the increased acceptance of soy products amid growing health consciousness among general people, the government agency Bureau of Indian Standards on Thursday asked manufacturers of soya products to use 'ISI mark' on their products by taking BIS quality certification.The ISI mark is a standards-compliance mark for industrial products in [...]
IBM to help modernise supply chain for Marks & Spencer India
New Delhi, Mar 10 (PTI) Tech titan IBM on Thursday announced it is helping Marks & Spencer Reliance India (M&S India) modernise its supply chain to drive seamless integration between online and in-store business for improved customer experience. M&S is scaling its omnichannel capabilities in India with IBM Sterling Supply Chain Solutions, a joint statement [...]
After procurement, Amul starts milk sale in AP
Amaravati, March 10 (PTI) The Gujarat Cooperative Milk Marketing Federation has forayed into the retail market in Andhra Pradesh, launching the sale of its Amul milk and curd in Vijayawada city.AP Dairy Development Cooperative Federation Managing Director Babu Ahamed launched the sale here on Thursday.The GCMMF is currently procuring cow and buffalo milk from farmers [...]
NHPC pays Rs 933.61 cr interim dividend to govt for FY22
New Delhi, Mar 10 (PTI) State-owned hydro power giant NHPC on Thursday said it has paid an interim dividend of Rs 933.61 crore to the government for the financial year 2021-22.On Thursday, NHPC Chairman and Managing Director AK Singh handed over dividend payout advice of Rs 933.61 to Minister of State for Power and New [...]
Delhi Court directs no coercive action against SpiceJet CMD in cheating case
New Delhi, Mar 10 (PTI) A Delhi court has granted interim protection from arrest to SpiceJet promoter Ajay Singh in connection with an alleged cheating case over the transfer of shares of the company.Additional Sessions Judge Vineeta Goyal also directed Singh, Chairman and Managing Director of Spicejet, against whom a non-bailable warrant was issued on [...]
Nagaland govt signs agreement with pvt company for solar power project
Kohima, Mar 10 (PTI) Nagaland Government on Thursday signed a power purchase agreement (PPA) with a private company for setting up of the first greenfield solar power project in Dimapur district of the state.The agreement was signed by Principal Secretar, Power, K D Vizo on behalf of the Nagaland government and Director of Halo Energie [...]
RattanIndia earmarks Rs 100 cr for drone biz foray through NeoSky India
New Delhi, Mar 10 (PTI) RattanIndia Enterprises has forayed into the drone business in the country through its wholly-owned subsidiary NeoSky and expects the commercial rollout of products in the first quarter of 2023, a senior company official said on Thursday. The company has earmarked an initial investment of Rs 100 crore in NeoSky, which [...]
Jharkhand govt serious about refund of Sahara investors’ money: Minister
Ranchi, Mar 10 (PTI) Jharkhand Finance Minister Rameshwar Oraon on Thursday said in the assembly that the state government was serious about return of Sahara investors' hard-earned money and was keeping a close tab on developments.Oraon said the matter was lying with capital markets regulator SEBI (Securities and Exchange Board of India) and the apex [...]
Sebi levies Rs 15 lakh fine on 3 entities in illiquid stock options case
New Delhi, Mar 10 (PTI) Capital markets regulator Sebi on Thursday imposed a total of Rs 15 lakh fine on three entities for indulging in non-genuine trades in stock options on BSE.In three separate orders, the regulator slapped a fine of Rs 5 lakh each on Priti Sultania, Deepa Hirani and Vivek Rungta HUF.The orders [...]
BIS inks pact with IIT Roorkee for establishment of ‘BIS Standardization Chair Professor’
New Delhi, Mar 10 (PTI) Government agency Bureau of Indian Standards (BIS) on Thursday signed an agreement with IIT Roorkee for establishment of 'BIS Standardization Chair Professor'. This would be the first standardization chair established by BIS in an institute for activities on standardization and conformity assessment, an official statement said. The Memorandum of Understanding [...]
Sidbi keen on coming out with venture debt scheme: CMD Ramann
Mumbai, Mar 10 (PTI) Small Industries Development Bank of India (Sidbi) is looking at launching a venture debt scheme, its Chairman and Managing Director S Ramann said on Thursday. "Sidbi is very keen on coming out with a venture debt scheme," Ramann said at an event organised by Indian Venture and Alternate Capital Association. He [...]
Future Consumer calls off joint venture with Fonterra
New Delhi, Mar 10 (PTI) Future Consumer, a part of Kishore Biyani-led Future Group, on Thursday said it has decided to terminate a joint venture pact with New Zealand's dairy firm Fonterra.The company's board at a meeting held today considered and approved the termination of joint venture arrangement with Fonterra (Europe) Cooperative, Future Consumer said [...]
NINL JV partners sign share-purchase pact with Tata Steel arm
New Delhi, Mar 10 (PTI) The government on Thursday said Neelachal Ispat Nigam Ltd's JV partners signed a share purchase agreement (SPA) with Tata Steel Long Products, paving the way for NINL privatisation.NINL is a joint venture of MMTC, NMDC, BHEL, MECON and 2 Odisha government PSUs - OMC and IPICOL."SPA signed today by JV [...]
UCO Bank to acquire 3 pc stake in debt resolution company IDRCL
New Delhi, Mar 10 (PTI) UCO Bank has entered into an agreement to acquire 3 per cent stake in India Debt Resolution Company Ltd (IDRCL) for Rs 1.50 crore, the bank said on Thursday. UCO Bank became one of the stakeholders of IDRCL on March 9, 2022. The bank's holding in the company will be [...]
Coforge’s promoter sells 10% stake in IT firm for Rs 2,560 cr
New Delhi, Mar 10 (PTI) Hulst BV, the promoter of Coforge Ltd (formerly NIIT Technologies), on Thursday offloaded nearly 10 per cent stake in the IT company for an estimated amount of Rs 2,560 crore through open market transactions. According to bulk deal data available with BSE, Hulst BV sold a total of 60 lakh [...]
Govt appoints ex-finance secretary Ajay Bhushan Pandey as NFRA chief
New Delhi, Mar 10 (PTI) The government has appointed former finance secretary Ajay Bhushan Pandey as chairman of the National Financial Reporting Authority (NFRA) for a period of three years. Pandey, a 1984-batch Maharashtra cadre IAS officer, retired as revenue secretary in February last year. The Appointments Committee of the Cabinet (ACC) has approved the [...]
IIFCL raises Rs 1,500 cr via debt to fund infra projects
New Delhi, Mar 10 (PTI) India Infrastructure Finance Company Ltd (IIFCL) on Thursday said it has raised Rs 1,500 crore in debt to provide impetus to government’s infrastructure vision.With a view to promote long term infrastructure finance in India, IIFCL after a span of eight years has raised funds from the domestic market through privately [...]
MS flags stagflation risk, cuts FY23 GDP growth forecast by 0.50 pc on Ukraine tensions
Mumbai, Mar 10 (PTI) American brokerage firm Morgan Stanley on Thursday sharply cut its India FY23 real GDP growth estimate to 7.9 per cent, mainly due to the impact of the Russia-Ukraine conflict on oil prices.Analysts at the brokerage also raised their inflation forecast to 6 per cent - the upper end of the tolerance [...]
Telecom tribunal says TRAI’s order on port out facility for users needs no interference
New Delhi, Mar 10 (PTI) The telecom tribunal on Thursday ruled that TRAI's directive that enabled users to port out of their network via SMS request, regardless of the value of their tariff plans "requires no interference", as it dismissed a petition filed by Vodafone Idea.The Telecom Disputes Settlement and Appellate Tribunal (TDSAT), however, asked [...]
Rupee darts up 19 paise to 76.43 against US dollar
Mumbai, Mar 10 (PTI) Rising for the second straight day, the rupee appreciated by 19 paise to close at 76.43 against the US dollar on Thursday, supported by positive domestic equities and trends in state election results. At the interbank forex market, the local unit opened at 76.27 against the greenback and witnessed an intra-day [...]
Atal Innovation Mission ties up with KidEx; to benefit over 1 cr school students
New Delhi, Mar 10 (PTI) Niti Aayog's Atal Innovation Mission (AIM) on Thursday announced a partnership with KidEx Venture Private Limited to leverage KidEx’s existing technology platform to host AIM's flagship programs. According to an official statement, the programs will be available for over 1 crore school students on the AIM network across India. These [...]
CM Gehlot directs revenue deptt to conduct special assessment of crop loss at earliest
Jaipur, Mar 10 (PTI) Rajasthan Chief Minister Ashok Gehlot has directed the revenue department to conduct special 'girdawari' (assessment) work at the earliest to assess the crop damage in Tuesday's hailstorm and give compensation to the affected farmers as per rules. Preliminary information has been received about damage to crops in Pratapgarh, Rajsamand, Chittorgarh, Pali, [...]
Sugar stocks rally as a result of increase in ethanol demand
Stocks of Mawana Sugars and Dwarikesh Sugars reached record highs on Wednesday. The shares of these companies gained in the midst of turbulent markets as shares of sugar companies were in demand. Operations margins of sugar companies are expected to improve with a favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations. [...]
Projects with implementation risks should be financed by capital markets: Former RBI deputy guv
New Delhi, Mar 10 (PTI) Projects with implementation risks should normally be financed by the capital markets and not by banks using public deposits, former RBI deputy governor NS Vishwanathan said on Thursday.Speaking at an event organised by industry body Assocham, Vishwanathan said India needs a very strong bond market that can fund projects and manage its [...]
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