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Gas stocks fall 12% after Govt implements 20% cut in APM gas allocation
The government has implemented a temporary 20% cut in the allocation of natural gas to city gas distribution companies for priority segments under the Administrative Price Mechanism (APM), which previously helped gas companies procure gas at a lower cost from government-owned or supported domestic entities. The 20% reduction in APM gas allocation for Compressed Natural [...]
C29 Metals stock in focus after it secures $2.45 Mil for uranium exploration in Kazakhstan
C29 Metals Limited, an Australian minerals exploration company has successfully raised $2.45 million through a fully subscribed placement, with strong demand from sophisticated investors. What Happened The $2.45 million funds will be used for exploration activities at the Ulytau Uranium Project in Kazakhstan, as well as for working capital. This move signifies C29’s strategic focus [...]
Smallcap stock jumps 6% after announcing robust Q2 results and 1:1 bonus issue
Smallcap stock engaged in manufacturing quartz-based ramming mass, quartz powder, silica sand, industrial minerals, and many more jumped upto 6 percent in the day’s trade following Q2FY25 results and bonus issue of 1:1. Price Action With a market capitalization of Rs. 3,009 Croress, the shares of Raghav Productivity Enhancers Limited were trading at Rs. 1,312.90 [...]
Semiconductor stock jumps 5% after announcing 54% increase in net income
Taiwan Semiconductor Manufacturing Company (TSMC) which is the world's largest and most advanced semiconductor foundry jumped upto 5 percent in the day’s trade upon declaring their robust 3Q24 results with a 54 percent jump in Net Income. Price Action With a market capitalization of 28.14 Trillion TWD, the equity shares of Taiwan Semiconductor Manufacturing Co [...]
IT stock falls 10% after company’s net profit decreased by 68% YoY
The shares of the leading IT solution provider fell up to 10 percent after the company’s revenue and net profit sank by 68 percent and 6 percent in Q2FY25, respectively. With a market capitalization of Rs 3,922.35 crore, the shares of Quick Heal Technologies Ltd were trading at Rs 720.35 per share, decreasing around 5.30 [...]
Navratna stock jumps 7% after company’s board to consider stock split
Navratna stock engaged in the construction, repair, and refurbishment of warships, Submarines and many more jumped upto 7 percent in the day’s trade following management to consider a split of equity shares of the company. Price Action With a market capitalization of Rs. 89,275 Crores the shares of Mazagon Dock Shipbuilders Limited were trading at [...]
Tata group stock falls 3% after reporting 46% YoY decline in net profit
The shares of this chemical-based company fell by 3.2 percent after the company saw a drastic fall in its net profit by 46 percent in Q2 and also Morgan Stanley downgraded by looking at second-quarter performance. With a market capitalization of Rs 26,850.04 crore, the shares of Tata Chemicals Ltd were trading at Rs 1,053.95 [...]
NBFC stock falls 15% after RBI to halt loan sanctions and disbursals of its subsidiary
The share price of this NBFC plunged 15 percent on Friday after the Reserve Bank of India directed its subsidiary, Asirvad Micro Finance, to halt loan sanctions and disbursals. Following this, several brokerages have also reduced their price targets for the NBFC. Share Price Movement In Friday's trading session, the share price of Manappuram Finance [...]
Smart meter stocks with 3 years net profit CAGR of 64% to keep an eye on
The compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a period longer than one year, considering the effect of compounding. It's one of the most accurate ways to calculate and determine returns for individual assets, investment portfolios, and anything that can rise or fall in value over time. [...]
3 Stocks in which Govt. of Singapore bought fresh stake in Q2
The Government of Singapore, led by the Prime Minister, operates within a parliamentary system characterized by a strong executive branch. Renowned for its efficiency and transparency, Singapore's government is structured to ensure political stability, economic growth, and social cohesion, with a focus on meritocracy, pragmatism, and long-term planning. Here are the stocks in which the [...]
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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
Manipur International University partners with Coursera to impart new age skills
New Delhi, March 10: Manipur International University (MIU) has announced a long-term strategic partnership with Coursera, one of the largest online learning platforms in the world, to provide its students and faculty with unlimited free access to 8,500+ world-class, job-relevant certificate courses, hands-on projects and case studies from more than 250 leading university and industry [...]
Commemorating the 63rd Tibetan Uprising Day- 10th March
The 10th of March marks a very important day for Tibetan people all over the world. It was on this day in 1959, when the Tibetans (in Tibet) revolted against the forcible occupation of their motherland by the Chinese Communist Party (CCP).This revolt was preceded by several deliberate acts of the Chinese which deprived the [...]
Lupin diagnostics opens reference laboratory in Kolkata
New Delhi, Mar 10 (PTI) Drugmaker Lupin on Thursday said it has launched its first reference laboratory under the diagnostics division in Kolkata.The company had forayed into the diagnostics segment in December last year as part of its strategy to provide integrated healthcare in India.Lupin Diagnostics is setting up laboratories in West Bengal, Assam, Bihar, [...]
Sustainability is now counted as major pillar of export business: AEPC
New Delhi, Mar 10 (PTI) Apparel industry is aware that without sustainable supply chains, the fashion sector will become less viable and sustainability is now counted as one of the major pillars of export business, industry body AEPC said on Thursday.Apparel Export Promotion Council (AEPC) Chairman Narendra Goenka said India offers to the world a [...]
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 [...]
India Inc’s direct overseas investment plunges 67 pc to USD 754 mn in Feb
Mumbai, Mar 10 (PTI) India Inc's direct overseas investment declined 67 per cent to USD 753.61 million in February this year, the Reserve Bank data showed on Thursday.The domestic investors had invested over USD 2.28 billion in overseas ventures as part of the outward foreign direct investment (OFDI) in February 2021.Of the total invested amount [...]
Public storage marketplace Airattix looking to raise USD 1 m external funding
Airattix, a public storage marketplace for both retail and industrial renting, is looking for external investors to raise around USD 1 million (around Rs 7.6 crore) in a pre-series round, a top company official said. Airattix, promoted by Pune-based supply chain firm Imperial Logistics, claims to be the first and the only marketplace for public [...]
Kisanserv empowering farmers and helping companies build scalable business with technology & innovation
―The award-winning agritech startup has become the backbone of e-commerce players with its tech-enabled collection centers for delivery in record time. Mumbai 10th March 2022: Utilising technology and innovation to solve on-ground problems in supply chain and help companies build scalable businesses, Kisanserv is bringing a paradigm shift in the Indian agritech landscape. The award-winning [...]
Dia Mirza Graces iDiva’s March Cover
On the coveted cover of March, Dia Mirza shares how she seamlessly juggles between her different roles Mumbai, Maharashtra, India (NewsVoir) Dia Mirza, a multi-hyphenate in the truest sense of the word, is iDiva’s March cover star. Over the years, she has had many roles and, in an exclusive conversation for iDiva’s March digital cover [...]
Tata Power partners Enviro to install EV charging points in Gurugram
Gurugram, March 10 (PTI) Electric-vehicle charging infra provider Tata Power has collaborated with Enviro - the facility management wing of real estate developer Vatika Group - to install 59 EV charging points at its properties here.The EV chargers will be installed at 18 locations across the properties of Vatika Group in the city.These chargers will [...]
The Most Coveted Awards of Indian Automotive Industry – Indian Car of the Year and Indian Motorcycle of the Year – Set New Benchmarks of Excellence
New Delhi, Delhi, India – Business Wire India • Mahindra XUV 700 earns the recognition of the ‘Indian Car of the Year Award 2022’ • TVS Raider wins the ‘Indian Motorcycle of the Year Award 2022’ • Mercedes Benz S-Class crowned as the ‘Premium Car Award 2022 by ICOTY’ • Audi E Tron bags the [...]
BULLION CLOSING RATES
BULLION CLOSING RATE MUMBAI, MARCH 10 (PTI) MUMBAI BULLION :- OPENING CLOSING OPENING RATES SILVER SPOT (IN RS PER KILO) : 68837.00 69815.00 STANDARD GOLD (99.5) : 52021.00 52668.00 PURE GOLD (99.9) : 52230.00 52880.00 KOLKATA BULLION CLOSING SILVER RDY.(BAR) : Rs.69,300.00(71,700.00) Per Kg.SILVER RDY(PORTION) : Rs.69,400.00(71,800.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.53,100.00(54,700.00) Per 10 [...]
Metasky raises Rs 14 cr in funding round led by Sequoia Capital, Woodstock
New Delhi, Mar 10 (PTI) IT startup Metasky on Thursday said it has raised Rs 13.7 crore in a funding round led by Sequoia Capital India and Woodstock Fund. Metasky positions itself as a bridge to Web3 - working with influencers, creators, and brands closely to form a Web3 strategy for their followers with the [...]
4ever Bold: The New BMW X4 Launched in India
Gurugram, Haryana, India – Business Wire India • Athlete with the all-new ‘X’ factor: Pioneering Sports Activity Coupe with a fresh character.• Striking concept, expressive design and sporty performance.• Choice of high-performing petrol and diesel engines. #BMWX4 #BMWIndia #SheerDrivingPleasure The new BMW X4 has been launched in India today. BMW has refreshed the Sports Activity [...]
Agribazaar launches remote sensing crop model to help farmers take up precision farming
New Delhi, Mar 10 (PTI) Leading farm marketplace Agribazaar on Thursday said it has launched a 'remote sensing crop model' that will help farmers implement precision farming naturally. Over 10 lakh additional farmers are expected to benefit from this service in the next 12 months. Currently, the services are being offered to over three lakh [...]
Kirloskar Ferrous takes over Indian Seamless for Rs 670 cr
Mumbai, Mar 10 (PTI) Kirloskar Ferrous Industries, a leading manufacturer of pig iron and grey iron castings, has picked up a majority stake in specialised seamless tube manufacturer Indian Seamless Metal Tubes (ISMT) for Rs 670 crore.The deal involves Kirloskar investing Rs 670 crore in ISMT, of which Rs 476.63 crore is equity investment for [...]
Walmart Global Tech partners with IIT Madras for CSR projects, research
Mumbai, Mar 10 (PTI) Walmart Global Tech (WGT) on Thursday said it is partnering with Indian Institute of Technology Madras (IIT-M) to provide its associates with continuing education and collaborate on projects pertaining to corporate social responsibility (CSR) for its India operations. Through this corporate partnership, IIT-M students and WGT associates will jointly work [...]
Home registrations in Hyderabad region down 25% to 5,146 units in Feb: Report
New Delhi, Mar 10 (PTI) The registration of homes in Hyderabad area fell 25 per cent year-on-year to 5,146 units in February, according to Knight Frank India.The Hyderabad residential market includes four districts of Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy.The increase in registration costs (upward revision in registration/market values effective February 1, 2022) for the second time [...]
Sensex rallies for 3rd day amid Asian rebound, state poll results
Mumbai, Mar 10 (PTI) Equity benchmarks maintained their winning momentum for the third session running on Thursday, buoyed by a bullish trend in Asian markets and state election results being in line with expectations. A strengthening rupee added to the momentum despite uncertainties related to the Ukraine crisis, traders said. The 30-share BSE Sensex opened [...]
2 Chemical Stocks Recommended by Angel One with an upside of up to 50%
Indian Stock markets clocked sharp gains after a gap-up start on Thursday as global markets strengthened. Brent crude is hovering around $ 135 per barrel and many sectors have started feeling the heat of the raw material inflation that follows. Chemical stocks reeling under pressure as well. Angel One has suggested its top picks in [...]
CCI approves acquisition of L&T AMC by HSBC Asset Management
New Delhi, Mar 10 (PTI) Fair trade regulator CCI has approved the acquisition of L&T Investment Management Ltd by HSBC Asset Management (India) Pvt Ltd."Commission approves acquisition of 100 per cent share capital of L&T Investment Management Ltd (L&T AMC) by HSBC Asset Management (India) Private Limited (HSBC AMC)," the regulator said in a tweet.The [...]
Kia Carens crosses 50k booking mark; company says working to reduce waiting period
New Delhi, Mar 10 (PTI) Automaker Kia India on Thursday said its recently launched model Carens has crossed the 50,000 bookings mark. The company said it has attained the milestone in just under two months since its booking opened on January 14, 2022. "The vehicle has struck the right chord with modern Indian families across [...]
India likely to grow at 7.8% in FY23 with risk tilted towards downside: Report
New Delhi, Mar 10 (PTI) Indian economy is expected to grow by 7.8 per cent in 2022-23, mainly driven by the government's drive to push infrastructure spending and likely increase in private capital expenditure, rating agency Crisil said on Thursday.The rating agency, however, cautioned that the ongoing Russia Ukraine war and rising commodity prices do [...]
RBI issues notification to operationalise USD 500-mn loan provided to Sri Lanka for petro items
Mumbai, Mar 10 (PTI) The RBI on Thursday issued a notification to operationalise the USD 500-million line of credit provided by India to Sri Lanka, which is facing the worst economic crisis in decades due to the pandemic, to buy petroleum products. Export-Import Bank of India (Exim Bank) entered into a pact on February 2, [...]
Mentor Match raises USD 1 million in pre-seed funding from Sapient Fund
Chennai, Mar 10 (PTI): Edu-tech startup Mentor Match on Thursday said it has raised USD 1 million in a pre-seed round of funding from US-based seed-stage venture fund Sapient Fund. According to company CEO Rohit Raheja, the funds would help the company to build a founding team across technology, marketing and operations departments by offering [...]
SUN Mobility Appoints Anant Badjatya as the new India CEO
BANGALORE, India, March 10, 2022 /PRNewswire/ -- SUN Mobility, the leading provider of energy infrastructure and services for electric vehicles (EVs), today announced the appointment of Anant Badjatya as the CEO for its India business. "With over 21 years of professional experience and a stellar career record in scaling up and growing businesses, we are [...]
Chelsea Football Club owner Roman Abramovich sanctioned in UK for Putin link
London, Mar 10 (PTI) Roman Abramovich, one of the world’s richest men who owns the Chelsea Football Club in the UK, was on Thursday added to the UK government’s sanctions list against Russian oligarchs with known links with President Vladimir Putin. The UK Foreign, Commonwealth and Development Office (FCDO) said Abramovich, worth more than 9 [...]
BLS International expects high visa demand after resumption of int’l flights
Mumbai, Mar 10 (PTI) Visa outsourcing company BLS International on Thursday said it expects a pick up in visa demand with India deciding to resume international flight services from March 27 amid a decline in COVID-19 cases.With the opening up of the global travel industry and a drop in the COVID-19 cases, the company is [...]
Easier. Faster. Better. LetsUpp Now Available on WhatsApp
Ahmednagar, Maharashtra, India – Business Wire India The hyperlocal app, ‘LetsUpp’ known for Indian news and Infotainment will now be available on WhatsApp. LetsUpp is India’s one of its kind first digital infotainment platform, providing a wide variety of news and infotainment-related content to users on WhatsApp. The key feature of WhatsApp is the relief [...]
Rela Hospital Launches New Health Care Facility at Oragadam
On the occasion of International Women’s Day, a week-long free medical check-up Camp organized at Rela Hospital, Oragadam for Women aged above 30 years Chennai, Tamil Nadu, India – Business Wire India Rela Hospital, a Multi-Speciality Quaternary Care Hospital at Chromepet, Chennai has inaugurated a new health care facility at Oragadam today, for offering healthcare [...]
First-Ever 1 BHKs Launched in Dosti West County – Dosti Nest at Balkum, Thane Offering the Perfect Investment Option for Homebuyers
Mumbai, Maharashtra, India – Business Wire India • 1 BHK (Smart, Spacia, and Luxe) homes with natural lighting and ventilation • Dosti Nest offers a Fully Loaded Lifestyle with well-planned homes and a host of amenities Credited for its commitment towards quality, and timely project delivery, Dosti Realty is set to create a new beginning [...]
Tamilnadu Petroproducts Becomes the World’s First LAB Manufacturer Accredited with the BIS 12795:2020 Certification
Ministry of Chemicals & Fertilizers confers the company’s Linear Alkyl Benzene (LAB) with BIS (IS 12795:2020) certification Chennai, Tamil Nadu, India – Business Wire India • Tamilnadu Petroproducts Ltd. (TPL) became the first linear alkylbenzene (LAB) manufacturing company in the world to be granted Bureau of Indian Standards (BIS) certification.• TPL’s ‘Superlab’ brand is among [...]
Maharashtra’s debt stock is 19.2 pc of GSDP: Economic Survey
Mumbai, Mar 10 (PTI) The total debt stock of Maharashtra is expected to be Rs 6,15,170 crore which is 19.2 percent of the Gross State Domestic Product (GSDP), as per the Economy Survey for 2021-22 tabled in the state legislature on Thursday. The GSDP for 2021-22 is expected to be Rs 31,97,782 crore, it said, [...]
Hiring activity witnesses 3 pc uptick with end of 3rd wave: Report
Mumbai, Mar 10 (PTI) Hiring activity witnessed a three per cent uptick sequentially in February as almost all industries showcased strong growth with the end of the third wave of the pandemic, according to a report. Demand for talent surged seven per cent year-on-year in February 2022, according to a report by the Monster Employment [...]
West Bengal to get Rs 952 cr loan from World Bank for social welfare schemes under Jai Bangla initiative
New Delhi, Mar 10 (PTI) The West Bengal government will receive over Rs 952 crore loan assistance from the World Bank to support its social welfare schemes under the 'Jai Bangla' initiative, and a tripartite agreement in this regard was inked on Thursday.The Centre, West Bengal government and the World Bank have signed a USD [...]
MUM PEPPER COPRA CLOSING RATES
MUMBAI, MAR 10 (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 SVCSVC SVC
COMMODITY PRICES
MUMBAI, MAR 10 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 787.00 COPPER HEAVY SCRAPS 780.00 COPPER ARMATURE (CREDIT) 768.00 COPPER UTENSILS SCRAP 700.00 CC ROD 832.00 BRASS :- BRASS SHEET CUTTING 564.00 BRASS UTENSIL SCRAP 535.00 BRASS HONEY 520.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 205.00 ALUMINIUM EXTRUSION SCRAP 241.00 ALUMINIUM [...]
TDSAT says TRAI order on port out facility for users needs no interference
New Delhi, Mar 10 (PTI) The telecom tribunal on Thursday said TRAI's directive that enabled users to port out of their network via SMS request, irrespective of value of their tariff offer and plans "requires no interference", as it dismissed a petition filed by Vodafone Idea. The impugned order of TRAI dated December 7, 2021 [...]
NMDC conducts e-auction of 8,337 carats rough diamonds from Panna mines
New Delhi, Mar 10 (PTI) State-owned NMDC on Thursday said it has conducted an e-auction of 8,337 carats rough diamonds produced at its Panna diamond mines in Madhya Pradesh.In a statement, the state-owned miner said the e-auction process received an overwhelming response from Diamond merchants of Surat, Mumbai and Panna."NMDC conducted an e-auction for sale [...]
OILSEEDS PRICES
MARCH 10,2022 MUMBAI, (PTI) OILS (per 10 Kgs) DEOILED CAKES (per M.T.) G.N.Extr.45% 42000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 36500.00 Rice Bran Extr. - Sunflower Extr. 31000.00 Rapeseed Extr. - Soyameal 48% 63652.00 Castor Extr. 13150.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 8100.00 Gr. Bolds 60/70 8800.00 Gr. [...]
Ebixcash files draft papers with Sebi for Rs 6,000-cr IPO
New Delhi, Mar 10 (PTI) Ebixcash Ltd, the Indian subsidiary of Nasdaq listed Ebix Inc, has filed preliminary papers with capital markets regulator Sebi to raise Rs 6,000 crore through an initial public offering. The funds will be garnered through fresh issuance of equity shares and there will not be any offer-for-sale (OFS) component, according [...]
Is Russia really about to cut itself off from the internet? And what can we expect if it does?
Perth, Mar 10 (The Conversation) The invasion of Ukraine has triggered a significant digital shift for Russia. Sanctions imposed by governments around the world – together with company closures or mothballing – have significantly impacted the country. A plethora of events have escalated the invasion into the digital world, with cyber attacks, cyber criminals taking [...]
Clover Infotech buys 25% stake in Data Science Wizards for Rs 15 cr
New Delhi, Mar 10 (PTI) IT company Clover Infotech has bought a 25 per cent stake in artificial intelligence startup Data Science Wizards for Rs 15.22 crore.Clover Infotech chairman Javed Tapia said the strategic investment in DSW will enable it to extend niche and focused data science and AI capabilities to its customers."Customers have entrusted [...]
Demand for flats in newly launched projects rises in 2021 with 34% share in total sales: Report
New Delhi, Mar 10 (PTI) Nearly 35 per cent of housing units sold in 2021 across seven cities were in newly launched projects, driven by fresh supply from branded developers and a rise in investor demand, according to Anarock. In its report released on Thursday, Anarock said 2.37 lakh units were sold across the top-seven [...]
This NBFC multibagger stock has given 1700% returns in six months
Shares of IKAB Securities And Investment were trading at ₹ 42.00 levels as of September 13, 2021. In the last six months, the shares surged a whopping 1740.24% and are currently trading at ₹ 772.90 apiece. Even long-term investors have made good returns on their investment as the shares of this NBFC surged by 3764.50% [...]
Soyabean imports revised downwards to 3.50 lakh tons for 2021-22: SOPA
New Delhi, Mar 10 (PTI) Soybean Processors Association of India (SOPA) on Thursday revised downwards the country's soyabean imports to 3.50 lakh tonnes for the ongoing 2021-22 oil year from the earlier projection of 4 lakh tonnes on lower crushing and slow meal off-take.Oil year runs from October to September. The country had imported 5.48 [...]
Guar gum futures gain on demand
New Delhi, Mar 10 (PTI) Guar gum prices on Thursday gained Rs 137 to Rs 11,257 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 1.23 per cent or Rs 137 at Rs 11,257 [...]
Sun Mobility appoints Anant Badjatya as CEO of India biz
New Delhi, Mar 10 (PTI) Electric vehicle energy infrastructure firm Sun Mobility on Thursday said it has appointed Anant Badjatya as the CEO for domestic operations. In his last role, Badjatya served as the group chief executive officer with Stallion Group, a 51-year-old diversified conglomerate in West Africa with interests in automotive assembly and distribution, [...]
Guar seed futures rise on fresh bets
New Delhi, Mar 10 (PTI) Guar seed prices on Thursday rose by Rs 71 to Rs 6,152 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 71 or 1.17 [...]
Crude oil futures gain on spot demand
New Delhi, Mar 10 (PTI) Crude oil prices on Thursday rose by Rs 102 to Rs 8,615 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 102 or 1.2 per cent to Rs 8,615 per barrel in 7,204 [...]
Demand for flats in newly launched projects rises in 2021 with 34 share in total sales: Report
New Delhi, Mar 10 (PTI) Nearly 35 per cent of housing units sold in 2021 across seven cities were in newly launched projects, driven by fresh supply from branded developers and a rise in investor demand, according to Anarock. In its report released on Thursday, Anarock said 2.37 lakh units were sold across the top-seven [...]
Reframing Societal Views on Harm Reduction – A Medical and Scientific Perspective
Mumbai, Maharashtra, India – Business Wire India The Economic Times’s India’s leading media held the third edition of its Consumer Freedom Conclave, an interactive thought leadership platform driving discussion and debate around scientific methods of harm reduction covering policies and practices seeking to protect public health and reduce social harms of people and communities. Based [...]
Kuku FM raises USD 19.5 mn in funding round led by Krafton
New Delhi, Mar 10 (PTI) Audio content platform Kuku FM has raised USD 19.5 million (about Rs 148.6 crore) in a funding round led by South Korean gaming giant Krafton. The series-B funding round also saw participation from existing investors 3one4 Capital, Vertex Ventures, and India Quotient, with Founder Bank Capital and Verlinvest joining as [...]
Subscribers under PFRDA schemes increase 22 pc to 5.07 cr in Feb
New Delhi, Mar 10 (PTI) The number of subscribers under two flagship pension schemes by PFRDA jumped 22 per cent year-on-year to more than 5.07 crore by the end of February, according to data from the Pension Fund Regulatory and Development Authority (PFRDA). "The number of subscribers in various schemes under the national pension system [...]
Reliance terminates sub-lease of 950 Future stores
New Delhi, Mar 10 (PTI) In a fresh twist in the fight to gain supremacy in the Indian retail market, billionaire Mukesh Ambani's Reliance Retail has slapped notices on Future Retail for terminating sub-leases of 950 stores it had taken over previously. In stock exchange filings, the Kishore Biyani-led debt-laded Future Group firms said they [...]
3 in 10 Women Consider Buying Insurance as an Important Step towards being Financially Independent – Study Conducted by SBI General Insurance
SBI General Insurance boosts #FinancialIndependenceforWomen aimed at educating women on the importance financial planning Mumbai, Maharashtra, India (NewsVoir) SBI General, one of India’s leading General Insurance companies, underlined the importance of financial independence for women through a holistic campaign which includes a survey bringing intriguing insights, panel discussion and campaign on social media. The survey [...]
ProTeen takes phygital career counselling to Tier-2, Tier-3 markets across India with the plan of launching 100+ career centres
• The digital career counselling platform has been focusing on ensuring physical presence for greater penetration across India • 15 new ProTeen Career Counselling Centres opened in Maharashtra, Andhra Pradesh, Delhi, J&K, and West Bengal • Plans to launch 100 career centres over the next 12 months MUMBAI, India, March 10, 2022 /PRNewswire/ -- ProTeen, [...]
SKOCH State of Governance Report Card for 2021 released
Andhra Pradesh bags top spot, West Bengal & Odisha complete Top 3 GURUGRAM, India, March 10, 2022 /PRNewswire/ -- The SKOCH Group today released the SKOCH Governance Report Card for 2021, ranking the states according to their performance in various projects at state, district and municipal level. Andhra Pradesh bagged the number 1 spot for [...]
Curefoods acquires majority stake in milkshake brand Frozen Bottle
New Delhi, Mar 10 (PTI) Curefoods, a cloud kitchen company that houses brands like EatFit, CakeZone and Great Indian Khichdi, on Thursday said it has acquired a majority stake in the leading milkshake brand, Frozen Bottle. Started in 2017, by first-time entrepreneur Pranshul Yadav, Frozen Bottle has a presence in more than 25 cities with [...]
ICICI Lombard Launches ‘BeFit Cover’ Digital Campaign
The campaign #UnbelievableButTrue will help raise awareness on the Company’s BeFit cover’s cashless OPD and Wellness benefits to customers Mumbai, Maharashtra, India (NewsVoir) ICICI Lombard, one of India's leading private insurance company, has launched #UnbelievableButTrue, a digital campaign to promote BeFit - a rider policy that provides cashless OPD and also covers physiotherapy, virtual consultations, [...]
Experts outlook on Nifty and Sensex in an event of bullish or bearish market
Geopolitical conflicts between Russia and Ukraine have impacted global markets. There are indications that foreign ministers from Russia and Ukraine will meet in Turkey today in order to find a solution to end the war. Considering this and the latest developments in the market, analysts have given targets for benchmark indices: Sensex Global Brokerage Morgan [...]
Loco raises Rs 330 crore in funding round led by Hashed
New Delhi, Mar 10 (PTI) Game streaming platform Loco on Thursday said it has raised USD 42 million (about Rs 330 crore) in a Series-A funding round led by crypto firm Hashed, with participation from Makers Fund, Catamaran Ventures and Korea Investment Partners. All the investors from the company's seed round, including Krafton, Lumikai and [...]
Indian Ethnic Wear brand, ‘Libas’ announces its first celebrity face – Sara Ali Khan
With their Spring Summer'22 campaign #TheresAlwaysALibas NEW DELHI, March 10, 2022 /PRNewswire/ -- Indian fast fashion ethnic wear brand, Libas, is raising the bar for ethnic fashion lovers as they announce Bollywood actress Sara Ali Khan as their first celebrity brand ambassador with their Spring Summer 2022 campaign '#TheresAlwaysALibas'. Sara will be seen endorsing the [...]
BULLION OPENING
SLUG PRICES MUM GENERAL OPEN MARCH 10 MUMBAI, (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 68837.00 STANDARD GOLD (99.5) : 52021.00 PURE GOLD (99.9) : 52230.00 KOLKATA BULLION OPENING SILVER RDY.(BAR) : Rs.71,700.00 Per Kg.SILVER RDY.(PORTION) : Rs.71,800.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.54,700.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.51,900.00 Per [...]
SBI-DIRECT EXCHANGE RATES
DIRECT EXCHANGE RATES SBI BCM – ESPL/ECO/COM MUMBAI, MAR 10 (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 82.95 85.81 82.89 85.97 GBP/INR 98.89 102.07 [...]
Rbi-Money Market Operations
SVC MUMBAI, MAR 10, (PTI) Money Market Operations as on MAR 9, 2021 (Amount in ? crore, Rate in Per cent) A. Overnight Segment 521,359.11 3.53 2.00-3.75 I. Call Money 7,802.59 3.32 2.00-3.65 II. Triparty Repo 372,860.60 3.52 3.00-3.60 III. Market Repo 140,495.92 3.57 3.00-3.75 IV. Repo in Corporate Bond 200.00 3.70 3.70-3.70 B. Term [...]
MUM PEPPER COPRA OPEN RATES
MUMBAI, MAR 10 (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
Lodha World School Strengthens Its Commitment to Deliver World-Class Education
Appoints Ms. Feroza Mehta Amin as the Founder Principal at Lodha New Cuffe Parade South Central Mumbai Mumbai, Maharashtra, India – Business Wire India Lodha World School, a reputed educational institution ranked amongst the top 15 educational institution in Mumbai by the Times Group, announces the appointment of Ms. Feroza Mehta Amin as the Founder [...]
Govt appoints SBI MD Ashwini Bhatia as Sebi member
New Delhi, Mar 10 (PTI) The government has appointed State Bank of India (SBI) managing director Ashwani Bhatia as whole-time member (WTM) of the Securities and Exchange Board of India (SEBI). The Appointments Committee of the Cabinet (ACC) has approved the appointment of Bhatia as a member initially for a period of three years from [...]
Purple Quarter Facilitated Ripplr’s Search for CTO; Vishal Sharma Onboarded
BANGALORE, India, March 10, 2022 /PRNewswire/ -- On a mission to build India's largest tech first distribution ecosystem, Ripplr closed its C-Suite hire with the appointment of Vishal Sharma as the Chief Technology Officer. The search for the Tech Head was undertaken by Bespoke CTO search firm, Purple Quarter. Ripplr is a full-stack distribution platform [...]
KPTL receives LoI for Rs 3,276-cr order
New Delhi, Mar 10 (PTI) Kalpataru Power Transmission Limited (KPTL) on Thursday said it has received the letter of intent (LoI) for an order worth Rs 3,276 crore. In a statement, the company said the LoI is for a "prestigious project" involving design, engineering, supply and construction of a HVDC power transmission line of 700 [...]
MIT Centre for Future Skills Excellence Celebrates International Women’s Day with Global Women Leaders on Emerging Technologies
PUNE, India, March 10, 2022 /PRNewswire/ -- MIT Centre for Future Skills Excellence (MIT FuSE), MIT Art, Design and Technology University celebrated International Women's Day with their 2nd International Virtual Summit (IVS) on Women Frontiers in Exponential Technology. This summit was aspired to firstly, appreciate Women tech-influencers from all over the world and secondly, to [...]
Triumph International India launches their new retail store in Seawoods Grand Central Mall
~With 3 retail stores in the city, Triumph and sloggi reinstate their commitment to provide a unique experience for customers in Navi Mumbai~ ~Aims to have 20 stores in the country by mid-2023~ MUMBAI, India, March 10, 2022 /PRNewswire/ -- Triumph International India, one of the world's leading Intimate apparel brands, has inaugurated its new [...]
Everlife acquires Research Instruments Group and other laboratory suppliers to boost presence in strategic life sciences and clinical diagnostics segments in South East Asia
SINGAPORE, March 10, 2022 /PRNewswire/ -- Everlife Holdings Pte Ltd ("Everlife"), a leading market access and distribution company in India and South East Asia, has announced the completion of its acquisition of Research Instruments Group ("RI"), a leading provider of scientific and laboratory instrumentation in Singapore, Malaysia, Thailand and Vietnam. Founded in 1989, the group [...]
NEWSALERT
US House passes bill banning Russian oil imports to US, bolstering Biden administration response to war in Ukraine, reports AP. PTI CPS
Weight Loss Mission Impossible Accomplished At Laparo Obeso Centre
PUNE, India, March 9, 2022 /PRNewswire/ -- Loss of 50 kgs in just 20 days, saves Mrs Khan. Fastest weight loss so far reported anywhere in literature, a rare case reported for the first time in India. Mrs S Khan, a 44-year-old female who had severe swelling all over her body, would get so breathless [...]
500 cyclists pedal to reign in world kidney day- A unique cyclothon in the shape of a kidney covering 10 Manipal Hospitals in the city
Dr. H. Sudarshan Ballal flagged off the cyclothon event to spread awareness of kidney health and access to our health care service BENGALURU, India, March 9, 2022 /PRNewswire/ -- Kidney disease is a silent killer and the need of the hour is to create awareness about kidney health across the country. As a leading healthcare [...]
Deliveroo Launches New Engineering Centre in India
Hyderabad, Telangana, India – Business Wire India • Global food delivery platform aims to expand its world-class engineering capabilities with a new team of talent from across India • New Engineering Centre launched in Hyderabad will employ over 150 engineers by the end of 2022 as part of a multi-year project • Engineers will work [...]
India Among Top 3 Countries Most Affected by Ransomware Attacks
Mumbai, Maharashtra, India – Business Wire India Industry-leading organization PCI Security Standards Council (PCI SSC) highlights the danger of ransomware threats and best practices to mitigate them in a recently issued bulletin, which can be viewed here. Ransomware attacks have been front and center in the news over the past year due to various high-profile [...]
4 Auto Stocks recommended by Angel One with an upside of more than 50%
A lot changed for the markets amid geopolitical tensions between Russia and Ukraine. Global markets fell sharply and FIIs were net sellers in Indian markets for five months in a row. A spike in energy prices had the markets worried and there are concerns about inflation. The domestic economy has recovered from the third wave [...]
Meghalaya CM tables Rs 1,849-cr deficit budget, no extra taxes proposed
Shillong, Mar 9 (PTI) Meghalaya Chief Minister Conrad K Sangma on Wednesday tabled a Rs 1,849-crore deficit budget in the assembly for the fiscal 2022-23, proposing no additional taxes and featuring a separate section on funding for sustainable development goals.Sangma also announced that the state government has made “fundamental changes” in the budgeting system, doing [...]
Govt puts curbs on imports of Hydrofluorocarbons
New Delhi, Mar 9 (PTI) The government on Wednesday imposed curbs on imports of Hydrofluorocarbons (HFCs) used in refrigeration and air-conditioning to boost domestic manufacturing of the chemical."Import policy of Hydrofluorocarbons (HFCs) has been revised from 'free' to 'restricted', subject to NoC (no objection certificate) from the Ministry of Environment, Forest and Climate Change," the [...]
Stove Kraft MD buys co shares worth Rs 50 cr
New Delhi, Mar 9 (PTI) Stove Kraft Ltd managing director Rajendra Gandhi on Wednesday bought company shares worth Rs 50 crore through an open market transaction. According to the bulk deal data on BSE, he purchased 7.75 lakh shares at an average price of Rs 645 apiece. Gandhi, a promoter of the company, held 53.4 [...]
CLE urges govt to extend PLI scheme to leather sector
New Delhi, Mar 9 (PTI) Council for Leather Exports (CLE) on Wednesday urged the government to extend the production-linked incentive (PLI) scheme to the sector and consider setting up a leather park to boost manufacturing, export and job creation.CLE Chairman Sanjay Leekha said India's leather and footwear exports stood at USD 5.5 billion at present, [...]
Gehlot asks Gadkari to declare 50 state highways as NH
Jaipur, Mar 9 (PTI) Rajasthan Chief Minister Ashok Gehlot on Wednesday asked the Union Minister for Road Transport and Highways Nitin Gadkari to expedite the pending proposals for declaring 50 state highways as national highways. This will strengthen the infrastructure of the state and the areas connected with these roads will develop rapidly, he said. [...]
Court sends former NSE GOO to 14-day judicial custody in co-location scam case, pulls up CBI
A Delhi Court on Wednesday pulled up the CBI for the tardy investigation in the NSE co-location scam case, saying that the magnitude of the case “will be big” and the reputation of the country was at stake and sent former group operating officer (GOO) of National Stock Exchange Anand Subramanian to 14-day judicial custody. [...]
Steel Minister to meet investors in Dubai to attract investment
New Delhi, Mar 9 (PTI) A delegation led by Steel Minister Ram Chandra Prasad Singh will meet investors in Dubai this week to attract investment in the Indian steel sector, an official statement said.The India Pavilion at EXPO 2020, Dubai, is all set to host 'Steel Week' from March 11, 2022. The weeklong event will [...]
Lanka set to finalise another credit line for essential items with India
Colombo, Mar 9 (PTI) Sri Lanka is set to finalise another credit facility with India for food, medicine and other essential items which would help the island nation facing the worst economic crisis in decades, official sources here said on Wednesday.Sri Lanka is currently reeling under a severe foreign exchange crisis with falling reserves. The [...]
Samsung S22 series pre-booking breaks record; co aims top spot in premium segment by Jun
New Delhi, Mar 9 (PTI) Buoyed by record pre-booking of its flagship devices in the S22 series, South Korean electronics major Samsung on Wednesday said it expects to outpace the industry growth with expansion of product ecosystem and become a leader in the premium segment by June this year.Samsung India senior vice president Raju Anthony [...]
Ukraine war set to take sheen off diamantaires, sales seen falling by 30% in Q1: Report
Mumbai, Mar 9 (PTI) The crippling economic sanctions imposed by the US and European nations on Russia following its invasion of Ukraine threaten to take the sheen off the domestic diamond industry, culling its sales by 25-30 per cent worth USD 2-2.5 billion in the next quarter alone, a report has warned. The domestic diamond [...]
NaBFID to be regulated as AIFI under RBI Act
Mumbai, Mar 9 (PTI) The Reserve Bank on Tuesday said NaBFID will be regulated and supervised as an All India Financial Institution by it under the RBI Act, 1934.The National Bank for Financing Infrastructure and Development (NaBFID) Act, 2021, received the assent of the President on March 28, 2021. It came to force with effect [...]
Paytm hires 145 talents from top MBA colleges
New Delhi, Mar 9 (PTI) Digital financial services firm One97 Communications, which owns the Paytm brand, has hired 145 talents from the top management institutes, including IIM Ahmedabad, IIM Lucknow and ISB Hyderabad, for mid-level managerial positions, the company said on Wednesday.Paytm vice president Narendra Yadav said that the hiring is for the mid-managerial level."We [...]
China silent on Sri Lanka’s request for debt waiver
Beijing, Mar 9 (PTI) China once again kept mum on Sri Lanka’s request for debt restructuring but said it has been assisting the island nation to the best of its ability to overcome its forex crisis.Sri Lanka, which has emerged as a key foothold for China in the Indian Ocean region, is currently reeling under [...]
Samsung S22 series pre-booking breaks record, co expects to outpace industry growth
New Delhi, Mar 9 (PTI) Buoyed by record pre-booking of its flagship devices in the S22 series, South Korean electronics major Samsung on Wednesday said it expects to outpace the industry growth with expansion of product ecosystem and by making premium foldable smartphones more mainstream.Samsung India senior vice president Raju Anthony Pullan told PTI that [...]
India, Canada to hold talks on proposed free trade pact on Thursday
New Delhi, Mar 9 (PTI) India and Canada on Thursday will hold discussions on ways to strengthen economic ties and proposed free trade agreement between the two countries, the commerce ministry has said. Canadian International Trade Minister will be visiting India from March 10-13 to hold the fifth India-Canada Ministerial Dialogue on Trade and [...]
Less funds availed via agri-infra scheme so far, says MoS Agri urging farmers to take its advantage
New Delhi, Mar 9 (PTI) Union Minister Kailash Choudhary on Wednesday said only about Rs 8,000 crore was availed under the government's Rs 1 lakh crore Agri Infrastructure Fund last year despite creating awareness among farmers, and called on the farming community to take advantage of the scheme. In his inaugural address at the three-day [...]
Tata Power’s Singapore JV wins bid to acquire SEUPTCL
New Delhi, Mar 9 (PTI) Tata Power on Wednesday said its Singapore-based JV Resurgent Power Ventures has won the bid to acquire the stressed asset of South East UP Power Transmission Company Limited (SEUPTCL) through its resolution process under the Insolvency and Bankruptcy Code (IBC). Tata Power did not disclose the bid offered by Resurgent [...]
Mandaviya urges industry to boost local production of medical devices
New Delhi, Mar 9 (PTI) Union minister Mansukh Mandaviya has exhorted the industry to take concrete efforts towards increasing local production of medical devices while stressing that the sector has huge potential for growth in the domestic as well in global markets, the Chemicals and Fertilizers Ministry said on Wednesday. In a meeting held on [...]
Rupee rebounds 38 paise to 76.62 against US dollar
Mumbai, Mar 9 (PTI) The rupee appreciated 38 paise to close at 76.62 against the US dollar on Wednesday following a retreat in crude oil prices and rebound in domestic equities.At the interbank forex market, the local unit opened at 76.90 against the greenback and witnessed an intra-day high of 76.53 and a low of [...]
Court sends former NSE GOO to 14-day judicial custody in co-location scam case
New Delhi, Mar 9 (PTI) A Delhi Court on Thursday sent former group operating officer (GOO) of National Stock Exchange Anand Subramanian to 14-day judicial custody in connection with the NSE co-location scam case.Special Judge Sanjeev Aggarwal remanded Subramanian to judicial custody till March 23 after he was produced before him on the expiry of [...]
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