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Monopoly stock in which Goldman Sachs bought fresh stake in Q2
According to NSE India, The depositories, clearing houses, and intermediaries industry in India plays a crucial role in the financial market, facilitating over ₹200 trillion in transactions annually. With two primary depositories—NSDL and CDSL—over 99% of securities settlements occur electronically, enhancing efficiency and security for investors. With a market capitalization of Rs 23,710.28 crore, the [...]
Logistics stock jumps 4% after receiving orders worth ₹42 Crore for cargo project
Shares of this micro-cap Logistics stock surged nearly 4 percent to Rs.600.00 per share on Thursday after securing an order for providing end-to-end logistics services, specifically focused on project cargo for a value of Rs.42 crore. Price Movement In Thursday's trading session, S J Logistics (India) Ltd's share price reached an intra-day high of Rs.600 [...]
Power stock in focus after signing PPA with Gujarat Urja Vikas Nigam for hybrid power project
Power stock engaged in the business of generation, transmission, and trading of power with a major focus on renewable energy in focus upon signing a Power Purchase Agreement with Gujarat Urja Vikas Nigam Limited for a 192 MW Wind-Solar Hybrid Power Project Price Action With a market capitalization of Rs. 1,18,079 Crores, the shares of [...]
Defence stock jumps after company to acquire AAM India for ₹544 Cr
During Thursday’s trading session, the shares of India’s largest manufacturer and exporter of auto components surged by 0.3 percent to Rs. 1,479.4 on BSE, after entering into a definitive agreement to acquire AAM India Manufacturing Corporation Private Limited for Rs. 544.53 crores. With a market cap of Rs. 68,496 crores, the shares of Bharat Forge [...]
Chemical stock falls 5% after analyst downgrades it by 10%
The chemical industry is currently grappling with several challenges, including volatile raw material prices and supply chain disruptions exacerbated by geopolitical tensions and the pandemic. Additionally, increased competition from China and weaker demand in key segments have contributed to the negative outlook. Here are two chemical stocks that are downgraded by brokerages: Deepak Nitrite Ltd [...]
IT stock jumps 4% after announcing 1:2 stock split
IT stock engaged in the designing, and developing computer software and providing data processing services, and many more jumped upto 4 percent in the day’s trade following the announcement for a split of equity shares in the ratio of 1:2. Price Action With a market capitalization of Rs. 3,559 Crores, the shares of Blue Cloud [...]
FMCG stock jumps after it acquires 53% stake in Hazelnut Factory Food Products
The Shares of this third-largest ethnic snacks company in India rose over 2 percent after making a strategic investment of Rs. 131.01 crores to acquire a 53.02 percent stake in Hazelnut Factory Food Products Pvt Ltd. Share price variations: With a market capitalization of Rs. 22,605.76 crores, Bikaji Foods International Ltd. rose to an intraday [...]
Railway stock jumps 8% after Morgan Stanley bought stake in the company
The shares of the leading manufacturer gained up to 8 percent after Morgan Stanly, an FII bought 7.63 lakh equity shares in the company via NSE Bulk deal. With a market capitalization of Rs 15,908.34 crore, the shares of Titagarh Rail Systems Ltd were trading at Rs 1,182.20 per share, increasing around 4.39 percent as [...]
EV stock jumps 3% after it partners with UK based EV firm to expand its business
EV Stock engaged in the business of providing end-to-end solutions for the manufacturing, procurement, and distribution of advanced EV Chargers, solar systems, and many more jumped 3 percent in the day’s trade following strategic partnership with UK-based Ensmart Power to expand and enhance its EV Charger operations. Price Action With a market capitalization of Rs. [...]
Realty stock jumps 14% after reporting robust sales in Q2
A prominent real estate stock with a strong foothold in the Pune residential market surged by nearly 14 percent, driven by a 16 percent year-on-year increase in collections and a 22% growth in pre-sales during Q2 FY25. Share price variations: With a market capitalization of Rs. 3,317.59 crores, Kolte Patil Developers Ltd. rose to an [...]
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Top Editor’s Pick
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
In talks with Arianespace on how to complete contracted launches: OneWeb
New Delhi, Mar 9 (PTI) Bharti-backed OneWeb has said it is in discussion with Arianespace on how its contracted launches will be completed, days after the satellite communications firm decided to suspend all launches from Russia-operated Baikonur Cosmodrome in Kazakhstan.OneWeb - where Bharti Group is the largest shareholder - has further cited ISRO's "considerable launch [...]
Delhi govt think-tank launches initiative for world-class transformation of 1K neighbourhood parks
New Delhi, Mar 9 (PTI) Aiming world-class transformation of 1,000 neighbourhood parks in the city, the Dialogue and Development Commission (DDC) of Delhi on Wednesday launched 'Community Parks initiative', as part of Vision Delhi@2047. DDC Vice Chairman Jasmine Shah also said at an e-conclave organised by the Confederation of Indian Industry (CII) that the Kejriwal [...]
Credopay raises $5 mln from Ezswype, Zent
Mumbai, Mar 9 (PTI) Payments technology provider Credopay on Wednesday announced a USD 5 million (about Rs 38 crore) fundraise from Ezswype LLC and Zent International.The newly raised funds will be deployed for product development, client acquisition and marketing, the Chennai-based company said in a statement.The company offers a plug-and-play platform for payment acquisitions, payment [...]
Attendance at board meetings improved in FY21 on virtual meetings
New Delhi, Mar 9 (PTI) The attendance at the board meetings of listed companies has shown a significant improvement, with 86 per cent of the directors having had 100 per cent attendance in 2020-21, mostly on account of the virtual meetings held during the year, according to a survey by Excellence Enablers, a corporate governance [...]
Chhhattisgarh CM presents over Rs 1 lakh crore budget; govt to bring back old pension scheme
Raipur, Mar 9 (PTI) Keeping the existing tax rates unchanged, Chhattisgarh Chief Minister Bhupesh Baghel on Wednesday presented Rs 1,04,000 crore annual budget for 2022-23 in the state legislative assembly, and announced to reinstate the old pension scheme for the state government staffers and to double the yearly MLA local area development fund. He also [...]
NTPC completes trial of unit-3 of Nabinagar Power Generating Company
New Delhi, Mar 9 (PTI) State-owned NTPC Limited on Wednesday announced that unit-3 of the 660 MW capacity of Nabinagar Power Generating Company Limited has successfully completed the trial operation and consequently included in the installed capacity of the group.With this, the total installed capacity of NTPC Group has reached a level of 68,567.18 MW, [...]
‘Jail for doing biz’ report: DPIIT Secy says bulk of trouble due to labour laws, states need to act
Mumbai, Mar 9 (PTI) A bulk of the laws still making it difficult for businesses to operate is on the labour front, and state governments will have to adopt the simplified labour codes passed by Parliament to make it easier for enterprises to thrive, a top Union government official said on Wednesday. Reacting to a [...]
Gold loan player Indel Money eyes Rs 1,000 cr loan book next fiscal
Mumbai, Mar 9 (PTI) The Kochi-based non-banking lender Indel Money that has pioneered long-term credit in the gold loan industry, is eyeing a loan book of Rs 1,000 crore next fiscal. The company is also in talks with private equity funds to raise around Rs 400 crore for a 15 per cent stake as it [...]
L&T Construction bags ‘significant’ order from Delhi Metro
New Delhi, Mar 9 (PTI) L&T Construction has won a significant order from Delhi Metro Rail Corporation (DMRC) to design and construct the underground metro project of Phase-IV of Delhi MRTS. L&T Construction is the construction arm of infrastructure major Larsen & Toubro (L&T). "The heavy civil infrastructure business vertical of L&T Construction has won [...]
Proposed digital currency by RBI to speed up transactions, reduce cost of cash: Deloitte
New Delhi, March 9 (PTI) The proposed Central Bank Digital Currency (CBDC) to be issued by the Reserve Bank will play a critical role in improving the speed of transactions and reducing the cost of cash, a Deloitte report said on Wednesday.The Reserve Bank of India is planning to come out with a central bank-backed [...]
Aviation stocks fly high; IndiGo zooms nearly 7 pc
New Delhi, Mar 9 (PTI) Aviation stocks were in heavy demand on Wednesday, a day after India announced resumption of regular international flights from March 27 after a two-year hiatus. Shares of InterGlobe Aviation zoomed 6.94 per cent to settle at Rs 1,711.15 on the BSE. During the day, it rallied 9.68 per cent to [...]
This International Women’s Day, Canon marks a new chapter in its women empowerment journey
Launches a mask making workshop in its adopted villages to make community women self-reliant NEW DELHI, March 9, 2022 /PRNewswire/ -- Celebrating International Women's Day, Canon India announced a slew of initiatives to empower women in their adopted villages to become self-reliant and enable a source of livelihood for them. Building rural women's resilience during [...]
Healthcare providers say pending CGHS payments hitting sustainability, seek clearance on priority
New Delhi, Mar 9 (PTI) A healthcare providers' body has asked the government to release pending payments of over Rs 500 crore to more than 60 private hospitals under the Central Government Health Scheme, according to a statement on Wednesday. The Association of Healthcare Providers (APHI) said that it has written a letter to the [...]
Square Yards takes on lease 30,000 sq ft office space from 315Work Avenue
New Delhi, Mar 9 (PTI) Proptech firm Square Yards has taken on lease around 30,000 square feet of office space in Pune from co-working operator 315Work Avenue as part of its strategy to consolidate and grow business. In a statement, 315Work Avenue said on Wednesday that it has signed up 800 seats with Square Yards. [...]
SAT dismisses Top Class Capital appeals against Sebi orders in insider trading case
New Delhi, Mar 9 (PTI) The Securities Appellate Tribunal (SAT) has dismissed appeals filed by Top Class Capital Markets against Sebi directives that barred the stock broker from the securities market and directed it to disgorge Rs 3.78 crore in the case of alleged insider trading in Aurobindo Pharma Ltd. Dismissing the appeals, SAT, in [...]
Ae Deewane Dil is now streaming online at MX Player
Deepak Jeswal’s Ae Deewane Dil touches 2.3 million views on YouTube Mumbai (Maharashtra) [India], March 9: Ae Deewane Dil, a song by lyricist and producer Deepak Jeswal is rising on the popularity charts. The romantic melody has touched more than 2.3 million views and received nearly 12,000 likes on Deepak’s YouTube channel and is now [...]
Live audio-social app Mentza to host a mega debate on body shaming
The conversations cover an array of issues related to body shaming. The finale will take place on the 15th of March New Delhi (India), March 9: To break free from unrealistic beauty standards, Mentza, a live-audio conversational platform for growth-oriented people, is organizing a mega debate from March 9 to 15, which will cover an [...]
India ranks 2nd for global investment in digital shopping
London, Mar 9 (PTI) India is the second-largest global venture capital investment hub for digital shopping companies, growing by a whopping 175 per cent from USD 8 billion in 2020 to USD 22 billion in 2021, according to an official analysis released here on Wednesday. On a global scale, India came in second to the [...]
Criminal offence for any Russian aircraft to fly or land in UK
London, Mar 9 (PTI) The British government announced new legislation on Wednesday which makes it a criminal offence for any Russian aircraft to fly or land in the UK, as part of a new suite of aviation sanctions to strengthen the overflight and landing ban already in place in response to President Vladimir Putin ordering [...]
CAPITAL TRUST TO LEVERAGE CAPITAL DIGITAL LOANS TO DRIVE PROFITABLE GROWTH
- Capital Digital Loans portfolio registered substantial growth from Rs. 2 crore on March 19 to Rs.147 crore in February 2022 - Portfolio performance in the Capital Digital Loans remains robust with 90+ DPD at 2.7% as of February 2022 NEW DELHI, March 9, 2022 /PRNewswire/ -- Capital Trust Limited (Capital Trust), a digitally enabled [...]
ICICI Direct gives a buy call to this Rakesh Jhunjhunwala stock
Big Bull Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have big investments in Titan Company Limited. Today, Titan is trading at ₹2,454.55 apiece, up 3.51%. As per Titan Company’s shareholding for the December quarter, Rakesh Jhunjhunwala holds 3,57,10,395 shares and Rekha Jhunjhunwala holds 95,40,575 shares of the company. Therefore, the Jhunjhunwalas have a 5.09% stake [...]
USIBC inducts 4 top executives to its India Advisory Council
Washington, Mar 9 (PTI) The US India Business Council (USIBC) has added four top executives to its India Advisory Council, a premier strategic body comprising a highly influential network of senior India-based executives and thought-leaders committed to growing trade and investment between America and India. The executives are heads of India operations of 3M, Dell, [...]
India adds record 1,700 megawatt rooftop solar capacity in 2021: Mercom India
New Delhi, Mar 9 (PTI) India installed a record 1,700 megawatt (MW) of rooftop solar capacity in 2021, registering a 136 per cent year-on-year rise, according to a Mercom India Research report.The country had added 719 MW of rooftop solar capacity in 2020, the research firm said in its latest report on Wednesday.India added a [...]
BULLION CLOSING RATE
BULLION CLOSING RATE MUMBAI, MARCH 9 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 71878.00 70834.00 STANDARD GOLD (99.5) : 54066.00 52928.00 PURE GOLD (99.9) : 54283.00 53141.00 -------------------------- KOLKATA BULLION CLOSING Kolkata, Mch.09(PTI): SILVER RDY.(BAR) : Rs.71,700.00(71,100.00) Per Kg.SILVER RDY.(PORTION) : Rs.71,800.00(71,200.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.54,700.00(54,250.00) Per [...]
Ashneer Grover, wife Madhuri Jain pay Rs 8.2 cr advance tax
Former BharatPe managing director Ashneer Grover has paid Rs 7.1 crore advance tax for the assessment year 2022-23, a source said on Wednesday. Grover's wife Madhuri Jain has paid Rs 1.1 crore advance tax, the source said. "Ashneer Grover has paid Rs 7.1 crore advance tax on March 8 and Madhuri Jain has paid Rs [...]
USIBC inducts 4 top executives to its India Advisory Council
Washington, Mar 9 (PTI) The US India Business Council (USIBC) has added four top executives to its India Advisory Council, a premier strategic body comprising a highly influential network of senior India-based executives and thought-leaders committed to growing trade and investment between America and India. The executives are heads of India operations of 3M, Dell, [...]
BULLION CLOSING RATE
MUMBAI, MARCH 9 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 71878.00 70834.00 STANDARD GOLD (99.5) : 54066.00 52928.00 PURE GOLD (99.9) : 54283.00 53141.00 -------------------------- PTI MUM SSBSSB SSB
Management of heart failure in adults
The process of aging represents the declining functional capacity of the body. The body processes are deranged, and the organs gradually wear and tear. Cardiovascular system to renal functions or digestive system, all start showing lower performance levels. People develop one or more chronic diseases. These natural occurrences affect the individual's quality of life and [...]
Kajaria Ceramics launches its largest store to cater to NCR region
New Delhi, Mar 9 (PTI) Tiles maker Kajaria Ceramics on Wednesday announced the launch of its largest store in the country to sell tiles and bathware products.The 100th Kajaria Eternity World showroom, which has come up in an 11,000 square feet area in Lajpat Nagar, offers tiles and Kerovit bathware products under one roof."Delhi is [...]
Moneyboxx Finance’s AUM crosses Rs 100 cr; aims four times growth in FY23
New Delhi, Mar 9 (PTI) Non-banking financial company Moneyboxx Finance on Wednesday said its assets under management (AUM) has crossed Rs 100 crore and it targets to grow it by four times in the next financial year. The company, which provides small-ticket loans to micro and small enterprises in tier-III and below locations, said it [...]
No end in sight for Sri Lanka’s economic crisis: Opposition
Colombo, Mar 9 (PTI) Sri Lanka’s current forex crisis and its related economic problems would not end any time soon, the main Opposition claimed on Wednesday. Main Opposition Samagi Jana Balawegaya (SJB)’s economic affairs spokesman Harsha de Silva said it “looks like the crisis will prolong. (It’s a) Huge governance failure”. He said that he [...]
Ramky Enviro rebrands into ‘Re Sustainability Ltd’, company to commission e-waste refining plant in Hyderabad
Hyderabad, Mar 9 (PTI) Ramky Enviro Engineers Limited on Wednesday announced the company was rebranding itself as "Re Sustainability Limited" and it will be commissioning its first e-waste refining plant of the country here in the next two months, a senior executive of the firm said. Goutham Reddy, CEO and Managing Director of Re Sustainability, [...]
LSE Group adds 1,500 staff at B’luru office
Mumbai, Mar 9 (PTI) The London Stock Exchange Group has added 1,500 staff at its Bengaluru hub last year, taking the total headcount to close to 6,000 at the back-end office, the company said on Wednesday. The company, which owns Refinitiv-- one of the largest financial markets data and infrastructure firms -- is also present [...]
Not authorised any entity to address public grievances: RBI
Mumbai, Mar 9 (PTI) The Reserve Bank on Wednesday said it has not authorised any external agency to redress public complaints against regulated entities.Instances of misinformation being spread through certain sections of the social media about the Reserve Bank - Integrated Ombudsman Scheme 2021 (RB-IOS) - have come to the notice of the RBI, the [...]
Fairfax, General Atlantic look to pare stakes in IIFL Wealth at high premium of Rs 2,100 per share
New Delhi, Mar 9 (PTI) General Atlantic Singapore and Fairfax Financial Holdings are considering to pare their stakes in IIFL Wealth & Asset Management, seeking premium as high 40 per cent premium over the existing stock price, sources said on Wednesday. Fairfax Financial Holdings, which holds a 13.6 per cent stake in IIFL Wealth through [...]
PEPPER COPRA CLOSING
MARCH 9, 2022 MUMBAI, (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 SSBSSB SSB
GST authorities expand probe into alleged tax evasion by BharatPe
GST authorities have expanded the probe into alleged tax evasion by fintech firm BharatPe to include reported issuance of fake invoices by those close to the firm's ousted co-founder Ashneer Grover, an official said. GST authorities are now scrutinising BharatPe books of the last four years to see if bogus invoices were issued for services [...]
COMMODITY PRICES
SLUG : COMMODITY PRICES MUMBAI, (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 830.00 COPPER HEAVY SCRAPS 820.00 COPPER ARMATURE (CREDIT) 800.00 COPPER UTENSILS SCRAP 740.00 CC ROD 840.00 BRASS :- BRASS SHEET CUTTING 569.00 BRASS UTENSIL SCRAP 540.00 BRASS HONEY 525.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 205.00 ALUMINIUM EXTRUSION SCRAP [...]
HUL announces key changes to management committee
New Delhi, Mar 9 (PTI) FMCG major Hindustan Unilever on Wednesday said it has appointed Madhusudhan Rao and Deepak Subramanian to its management committee. Rao has been appointed as Executive Director, Beauty & Wellbeing and Personal Care, while Subramanian has been named as Executive Director, Home Care. Rao takes over from Priya Nair, who will [...]
Dada Set for a New Partnership, Signs on as Vicco’s Brand Ambassador
Bengaluru, Karnataka, India– Business Wire India Sourav Ganguly, the man widely credited for changing the dynamics of cricket in India, instilling confidence in the team he led, and cultivating a winning mentality for both team India and its fans, is back to inspire. This time, he will be seen in the avatar of the brand [...]
Sharp celebrates 100 million product units sold worldwide equipped with Plasmacluster Ion technology
- Aims to bring the benefits of Plasmacluster Ions to every air space in the earth - On track to cross the 200 million sales mark globally by FY2030 NEW DELHI, March 9, 2022 /PRNewswire/ -- Sharp Business Systems (India) Pvt. Ltd, a wholly owned Indian subsidiary of Sharp Corporation Japan, today announced a global [...]
Ather Energy ties up with Foxconn group arm for supply of key components
New Delhi, Mar 9 (PTI) Electric two-wheeler maker Ather Energy on Wednesday said it has joined hands with Bharat FIH, a Foxconn Technology Group company, to develop and manufacture key components for the former's scooters. The partnership aims to enhance the manufacturing ecosystem to meet the strong demand for Ather Energy's flagship products -- Ather 450X [...]
Raymond names Sunil Kataria as CEO of Lifestyle Business
New Delhi, Mar 9 (PTI) Leading textile and apparels firm Raymond on Wednesday said it has appointed Sunil Kataria as the CEO of its lifestyle business. The Mumbai-based company said it has strengthened its leadership team by on-boarding the seasoned professional reckoned for leading large-scale business transformations and creating strong consumer brands in India and [...]
OILSEEDS PRICES
OILS (per 10 Kgs) DEOILED CAKES (per M.T.) G.N.Extr.45% 43000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 37000.00 Rice Bran Extr. - Sunflower Extr. 31000.00 Rapeseed Extr. - Soyameal 48% 63652.00 Castor Extr. 12850.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 8000.00 Gr. Bolds 60/70 8800.00 Gr. Javas 60/70 10300.00 Gr [...]
PT Kaltim Prima Coal gets special mining business permit in Indonesia
New Delhi, Mar 9 (PTI) Tata Power on Wednesday said PT Kaltim Prima Coal (KPC), in which it holds a 30 per cent stake, has been granted a special mining business permit for 10 years by the Indonesian government.PT KPC is based out of Indonesia, and the power major holds its stake in the firm [...]
Surge in commodity prices may push CAD to 2.8% of GDP in Q3: Report
Mumbai, Mar 9 (PTI) The country's current account deficit (CAD) is likely to widen to a 13-quarter high of USD 23.6 billion or 2.8 per cent of GDP in October-December 2021-22 due to higher commodity prices following the Russia-Ukraine conflict, India Ratings and Research (Ind-Ra) said in a report. The report said although the Omicron-led [...]
Equity mutual funds log Rs 19,705-cr net inflow in Feb; 12th consecutive month to see net investment
Equity mutual funds attracted a net sum of Rs 19,705 crore in February, making it the 12th consecutive monthly net inflow, amid a highly volatile stock market environment due to the current geopolitical situation. In comparison, equity mutual funds saw a net inflow of Rs 14,888 crore in January and Rs 25,077 crore in December, [...]
Fintech startup Money View raises $75 million in series D funding
Money View's Mission: Provide access to world-class financial products to every Indian with a Smartphone BENGALURU, India, March 9, 2022 /PRNewswire/ -- Bengaluru headquartered fintech platform Money View has raised $75 million in their series D funding from Tiger Global, Winter Capital, Evolvence India, Accel along with other investors including South Park Commons, Trusted Insight [...]
Venus Remedies gets global certification for good distribution practices
New Delhi, Mar 9 (PTI) Venus Remedies on Wednesday said it has received the WHO Good Distribution Practices (GDP) certification from Societe Generale de Surveillance (SGS), the world's leading testing, inspection and certification company. The certification is an endorsement of the company's entire supply chain cycle, including distribution, operations and processes, the drug firm said [...]
SBI EXCHANGE RATE
SLUG: DIRECT EXCHANGE RATES SBI MARCH 9, 2022 MUMBAI, (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 76.15 77.65 76.09 77.82 GBP/INR 99.26 102.39 99.18 102.61 EUR/INR 82.47 85.31 82.41 [...]
Lexus drives in all-new NX 350h SUV in India at Rs 64.9 lakh
New Delhi, Mar 9 (PTI) Japanese auto major Toyota's luxury car arm Lexus on Wednesday launched the all-new version of its NX 350h SUV in India with a price starting at Rs 64.9 lakh (ex-showroom).The company, which introduced the model in three trims -- priced at Rs 64.9 lakh, Rs 69.5 lakh and Rs 71.6 [...]
Cabinet approves amendment in MMDR Act to fix royalty rates of certain minerals
New Delhi, Mar 9 (PTI) The Union Cabinet on Wednesday approved a proposal to amend the Second Schedule to the MMDR Act to specify the royalty rates of certain minerals, including potash, emerald and platinum group of metals. The approval would ensure auction of mineral blocks in respect of glauconite, potash, emerald, platinum group of [...]
3 Positional trading stocks recommended by Axis Direct for 15 days
Indian Markets saw a positive start on Wednesday. The BSE Sensex opened at 53,793.99 points, while the Nifty 50 opened at 53793.99 points. Global markets struggled in the past few days according to developments around the Russia Ukraine Crisis. Axis Direct has given a buy call on the following stocks for positional trading: Bharat Electronics [...]
Dessange Salon and Spa Co-Hosts a Grand Launch for Their Salon in Bandra in Partnership with Lifestyle Asia India
India – Business Wire India Dessange Salon and Spa, a high-end Parisian salon brand, announced the launch of their New Luxury Salon in Bandra. This one-of-a-kind premium salon for luxury services has an international presence in 45 countries, and in India has presence in New Delhi, Mumbai, Bangalore, and Hyderabad. Dessange partnered with Lifestyle Asia [...]
Axis AMC eyes Rs 100 cr from new Nifty midcap 50 index fund
Mumbai, Mar 9 (PTI) Axis Mutual Fund has announced the launch of the Nifty Midcap 50 index fund and plans to mop up Rs 100 crore during the NFO period from the new open-ended scheme.The fund will open on March 10 and close on 21, the fund house said in a statement on Wednesday.The fund [...]
Cabinet nod to SPV for monetisation of surplus land
New Delhi, Mar 9 (PTI) The Union Cabinet on Wednesday approved creating a new company to hold and monetise surplus land and buildings of government agencies and PSUs that are being privatised or being shut down. The special purpose vehicle (SPV) called the National Land Monetisation Corporation (NLMC) will be set up as a wholly-owned [...]
Crude oil futures rise on spot demand
New Delhi, Mar 9 (PTI) Crude oil prices rose by Rs 177 to Rs 9,615 per barrel on Wednesday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 177 or 1.88 per cent at Rs 9,615 per barrel in 9,009 [...]
Guar gum futures gain on demand
New Delhi, Mar 9 (PTI) Guar gum prices on Wednesday rose by Rs 183 to Rs 10,920 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 1.7 per cent or Rs 183 at Rs [...]
Guar seed futures rise on fresh bets
New Delhi, Mar 9 (PTI) Guar seed prices on Wednesday rose by Rs 55 to Rs 5,985 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 55 or 0.93 [...]
Apparel retailers’ revenue expected to grow 25 pc in FY22: Report
Mumbai, Mar 9 (PTI) Apparel retailers are set to witness a 25 per cent jump in their revenues during FY22 after a 40 per cent fall in FY21 on account of the pandemic, a rating agency said on Wednesday. On the profitability front, the operating margins will come at 5-7 per cent, which is higher [...]
BULLION OENING RATE
SLUG PRICES MUM GENERAL OPEN MARCH 9, 2022 MUMBAI, (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 71878.00 STANDARD GOLD (99.5) : 54066.00 PURE GOLD (99.9) : 54283.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : Rs.71,100.00 Per Kg.SILVER RDY.(PORTION) : Rs.71,200.00 Per Kg.GOLD(24-CARAT) RDY. : Rs.54,250.00 Per 10 Gms.GOLD(22-CARAT) RDY. : Rs.51,450.00 Per 10 [...]
Assam’s women dairy farmers on way to empowerment
Guwahati, Mar 9 (PTI) Nayanmoni Bharali of Assam’s Hojai started her venture of animal husbandry with just one cow six years ago and now sells 80-85 litres of milk daily, earning a revenue of Rs 10 lakh per year. She is among 6,800 women dairy farmers who have empowered themselves with animal farming and scripted [...]
Lending app Money View raises USD 75 mn from Tiger Global, Accel, others
Mumbai, Mar 9 (PTI) Bengaluru-headquartered online credit platform Money View has raised USD 75 million in Series-D funding from Tiger Global, Winter Capital, Evolvence India and Accel, along with other investors including South Park Commons, Trusted Insight and Dream Incubator. The latest funding values the start-up, co-founded by Puneet Agarwal and Sanjay Aggarwal, at USD [...]
Lexus Launches the All-New NX 350h in India: Reimagining the future of Luxury
• Features a refined and powerful Hybrid powertrain • The second-generation NX uses the Global Architecture–K or "GA-K" platform, which is an exceptionally rigid and modern platform designed for use in mid-size luxury vehicles.• Introduction of Lexus Interface – an all-new multimedia system with a 14-inch touchscreen display.• Touch sensor type steering wheel switches linked [...]
Sanctions on Russia unlikely to create problems for India’s defence sector: V K Saraswat
New Delhi, Mar 9 (PTI) India's defence sector will not face any problems because of the western sanctions on Russia as Moscow has an inherent military strength and is self-sufficient in its production capabilities, Niti Aayog member V K Saraswat said on Wednesday. Russia is one of biggest suppliers of defence products and equipment to India mostly [...]
Cabinet nod to National Land Monetisation Corp for monetisation of surplus land
New Delhi, Mar 9 (PTI) The Union Cabinet on Wednesday approved the setting up of a National Land Monetisation Corp (NLMC) to monetise surplus land and buildings of PSUs, that are being sold off or are on the verge of closure, and government agencies. NLMC will be set up as a wholly-owned government of India [...]
Micro loans disbursed by BFIL sans customers’ consent: IndusInd; panel to assess accountability
New Delhi, Mar 9 (PTI) IndusInd Bank has set up a panel to assess the accountability of its staff, if any, in the matter related to disbursal of loans by its microfinance subsidiary BFIL without the consent of customers during March 2020-October 2021. The bank said audit firm Deloitte has submitted its report, according to [...]
NEWSALERT
Cabinet approves setting up of National Land Monetisation Corp to monetise surplus land, buildings of PSUs, govt agencies: Statement. PTI ANZ DRR DRR
NSE MD & CEO Vikram Limaye says not seeking second term
New Delhi, Mar 9 (PTI) NSE Managing Director and CEO Vikram Limaye on Wednesday said that he will not seek a second term at the stock exchange when his five-year term ends in July. This comes amid the National Stock Exchange (NSE) facing the regulatory probe in a case related to governance lapses at the [...]
NSE chief Vikram Limaye says not applying for second term
New Delhi, Mar 9 (PTI) NSE Managing Director and CEO Vikram Limaye on Wednesday said he will not seek a second term at the stock exchange. "I have informed the board that I am not interested in pursuing a second term and will therefore not be applying and participating in the process that is underway. [...]
On the Account of International Women’s Day, ICICI Lombard Introduces ‘RIA’, Intelligent Virtual Assistant
RIA adds the human element to today’s ever increasing machine based interactions Mumbai, Maharashtra, India (NewsVoir) ICICI Lombard, India's leading private general insurance company, on the occasion of Women’s Day has introduced RIA (Responsive Intelligent Assistant), an NLP-enabled chatbot that will help upgrade the end user experience. The chatbot comes in a human-like avatar that [...]
Thank PM, Centre for extension of interest equalisation scheme: Tirupur Exporters Association
Coimbatore, Mar 9 (PTI) The Tirupur Exporters Association (TEA) on Wednesday thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for the approval given for extension of Interest Equalisation Scheme on Pre and Post Shipment Rupee Export Credit up to March 31, 2024 with retrospective effect from October last year. As per the [...]
Mankind Pharma donates Rs 5 lakh to medical student’s family killed in Russia-Ukraine war
New Delhi, Mar 9 (PTI) Mankind Pharma on Wednesday said it has donated Rs 5 lakh to the family of 21-year-old medical student Naveen Shekharappa Gyanagoudar from Karnataka who died in Russia-Ukraine war. The family has to repay a loan of Rs 25 lakh towards education and other commitments. With even Naveen's brother to complete [...]
Shapoorji Pallonji’s housing platform Joyville inks MoU with Army Welfare Housing Organisation
New Delhi, Mar 9 (PTI) Business conglomerate Shapoorji Pallonji's housing platform Joyville has signed a pact with Army Welfare Housing Organisation for providing ready-to-move-in flats to serving and retired army personnel. Joyville, which is a Rs USD 200 million platform established by Shapoorji Pallonji, ADB, IFC and Actis, has so far launched six housing projects [...]
These bank stocks are down up to 40%; should you buy?
Nifty Bank has fired up and has reclaimed 33000 points. Investors all over the globe have remained on the back foot as they are tracking newsflow on the Russia Ukraine Conflict. However, it seems like they are still in the bear zone. Fund outflows from foreign investors have put banking stocks under pressure. Here are [...]
NSE MD & CEO Vikram Limaye says not seeking second term
New Delhi, Mar 9 (PTI) NSE Managing Director and CEO Vikram Limaye on Wednesday said that he will not seek a second term at the stock exchange when his five-year term ends in July. This comes amid the National Stock Exchange (NSE) facing the regulatory probe in a case related to governance lapses at the [...]
Toyota Kirloskar commences bookings for new version of Glanza
New Delhi, Mar 9 (PTI) Toyota Kirloskar Motor (TKM) on Wednesday said it has commenced pre-launch bookings for the new version of its entry-level premium hatchback Glanza. Customers can book the model online or at the nearest company dealership with a payment of Rs 11,000, TKM said in a statement. The new Glanza comes with [...]
Jindal Public Policy School’s Capstone Projects Pave Pathways to Rewarding Careers in Policymaking and Governance
9 March, Sonipat: The Jindal School of Government & Public Policy (JSGP) has institutionalized the capstone project as a pedagogical innovation for ‘learning by doing”. The Capstone Project has become an integral part of the public policy degree curriculum. It can take many various forms and manifestations, but its purpose remains the same. The Capstone [...]
75 Women Entrepreneurs in India to Be Supported by India Global Forum
Bengaluru, Karnataka, India– Business Wire India • The two-day Annual Summit in Bengaluru concludes with the launch of ‘Investors Network’ • IGF Founder Manoj Ladwa announces a dedicated fund for 75 women entrepreneurs in India On the second day of India Global Forum’s Annual Summit themed ‘The New India Inc.’, Manoj Ladwa, Founder and Chairman, [...]
MITSDE and CANVAS collaborate to create engaging learning experience
Excellence in education, ease in learning, MITSDE and CANVAS a duo meant to make careers shine PUNE, India, March 9, 2022 /PRNewswire/ -- Brand perception and brand image match only when the brand successfully delivers what it promises. In the case of the service industry, user experience takes precedence over other aspects due to the [...]
PEPPER COPRA RATES
MARCH 9, 2022 MUMBAI, (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 SSBSSB SSB
CapitaLand Investment appoints Gauri Shankar as CEO for India business parks
New Delhi, Mar 9 (PTI) CapitaLand Investment Ltd (CLI) on Wednesday announced the appointment of Gauri Shankar Nagabhushanam as chief executive officer of India business parks, with effect from April 1. Gauri Shankar will bring over 20 years of experience to the role and will succeed Vinamra Srivastava, who will relocate to Singapore to assume [...]
RBI MARKET OPERATION
MUMBAI,MARCH 9 (PTI) Money Market Operations as on March 8,2022 (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 540,309.24 3.50 2.00-5.50 I. Call Money 6,617.51 3.28 2.00-3.65 II. Triparty Repo 382,609.35 3.50 3.40-3.70 [...]
IPO-bound Mobikwik posts first-ever profit in December 2021 quarter: Co founder
IPO-bound fintech firm Mobikwik became profitable in the December 2021 quarter and expects to close the current financial year with almost two times growth in revenue, a top company official has said. Mobikwik co-founder and Chief Operating Officer Upasana Taku told PTI that the company recorded profit of around Rs 7 crore in the third [...]
BharatRohan raises seed funding to expand its Drone-based crop monitoring services in Rajasthan & Gujarat
• Upaya Social Ventures and Acumen led the round • Drone-based crop monitoring services for seed spices, oilseeds, and pulses • Funds will be utilized for expansion in Rajasthan & Gujarat and boost traceable and sustainable crop production NEW DELHI, March 9, 2022 /PRNewswire/ -- BharatRohan Airborne Innovations, Delhi-based agritech startup, has raised seed funding [...]
HarperCollins Publishers India presents ‘The Maverick Effect: The Inside Story of India’s IT Revolution’ By Harish Mehta
The untold story of how a band of dreamers made India the global IT leader NEW DELHI, March 9, 2022 /PRNewswire/ -- HarperCollins India is releasing The Maverick Effect: The Inside Story of India's IT Revolution this March. The book follows the untold story of how a band of dreamers made India the global IT [...]
Jewellery Brand Priyaasi Celebrates Women’s Day by Launching Its New Collection with Dia Mirza
On Women’s Day 2022, jewellery brand ‘Priyaasi’ onboarded Dia Mirza as their brand ambassador. Graceful, kind and a catalyst for women empowerment - she truly embodies the spirit of ‘Priyaasi’. Bangalore, Karnataka, India – Business Wire India Priyaasi, a direct-to-consumer online jewellery brand has made rapid progress in the last 4 years - courtesy of [...]
India’s First Women UG Mine Managers, Hindustan Zinc’s Sandhya and Yogeshwari Felicitated by Ministry of Labour and Employment
Sandhya Rasakatla and Yogeshwari Rane were felicitated for their efforts and work in the mining sector New Delhi, Delhi, India – Business Wire India India’s First Women Underground Mine Managers – Sandhya Rasakatla and Yogeshwari Rane from Hindustan Zinc were felicitated for their efforts and work in the mining industry by the Ministry of Labour [...]
91 Percent Women Across India Now Believe Life Insurance Is Necessary, According to a Recent Nation-Wide Life Insurance Survey – A Welcoming Upward Trend for Societies
Mumbai, Maharashtra, India – Business Wire India • 72% women deemed life insurance as an important financial instrument • 68% women are likely to purchase life insurance almost as much as males Life Insurance Council, India’s leading advocacy body for life insurance, recently conducted a baseline survey on the perception and importance of life insurance [...]
Soothe Healthcare Cracking New Grounds After Six Months of Raising Funds; Clocks 2X Growth
New Delhi, Delhi, India (NewsVoir) • Doubled the production capacity by inaugurating new manufacturing plant in Noida • Added new geographies by setting its footprint in the International Market - Africa (Tanzania), Bangladesh & Nepal • Expanded from Hygiene to Personal care brand; launches new products To mark the occasion of International Women’s Day, India's [...]
Micro loans sans customer consent due to tech glitch; panel to assess accountability: IndusInd Bank
New Delhi, Mar 9 (PTI) IndusInd Bank has said microfinance loan disbursals by its subsidiary during the COVID-19 period was the result of a "technical glitch", according to the findings of audit firm Deloitte, and the bank has set up a panel to assess its staff's accountability. The matter relates to allegations of disbursal of [...]
Nerve Health in Women – Let’s Talk, Let’s Focus
Leading Women Neurologists & Endocrinologists come together at P&G’s #NervesofSteel Symposium Mumbai, Maharashtra, India – Business Wire India On the occasion of International Women’s Day, leading women neurologists and endocrinologists came together to discuss on Nerve Health in Women at P&G’s #NervesofSteel symposium. The live session attended by 2136 doctors from 16 countries brought the [...]
NAT\nMicro loans without consent by BFIL due to technical glitch; panel to assess staff’s accountability, if any: IndusInd Bank
New Delhi, Mar 8 (PTI) Private sector IndusInd Bank on Tuesday said the microfinance loan disbursals by its subsidiary during the Covid period was a result of a "technical glitch", according to the findings of the audit firm Deloitte and the bank has set up a panel to assess its staff's accountability, if any.The matter [...]
President Joe Biden announces ban on Russian oil and gas imports
President Joe Biden on Tuesday announced that the US would ban the import of Russian oil and gas, "targeting the main artery of Russia's economy" in response to its invasion of Ukraine. The president said he made the decision in consultation with European allies but added they may not be in a position to join [...]
India top nation to get edtech patents
New Delhi, Mar 8 (PTI) India has emerged as the top nation to receive the highest number of patents in the field of education technology, with Microsoft leading the race, intellectual property research and consulting firm Sagacious IP said on Tuesday.According to the report, Microsoft Corporation, Mesbro Technology, SRM Institute of Science and Technology, and [...]
Ukraine war has states paying highest for debt at 7.29%
Mumbai, Mar 8 (PTI) The Ukraine war and resultant spike in prices of commodities have increased risk aversion of investors, leading to a steep 19 bps increase in the cost of funds for the states, which shot up to the highest so far this fiscal to 7.29 per cent, according to a report.The weighted average [...]
NEWSALERT
Biden: US ban on Russian oil a 'powerful blow' to 'Putin's war,' warns Americans 'defending freedom is going to cost', reports AP. PTI AMS AMS
FHRAI welcomes resumption of scheduled international commercial flights
New Delhi, Mar 8 (PTI) Federation of Hotel & Restaurant Associations of India on Tuesday welcomed the restarting of international scheduled commercial flights, saying it will give a ray of hope to the pandemic-hit hospitality segment and its employees. "The resumption of scheduled commercial international passenger services from March 27 is a welcome relief. We [...]
Growth in end-user spends on security, risk mngmt to slow down in 2022: Report
Mumbai, Mar 8 (PTI) Growth in end-user spending on security and risk management in India is estimated to decline to 9.4 per cent to USD 2.6 billion in 2022, as per a report.The segment had witnessed a 12.2 per cent growth in 2021, according to an estimate by analysts at Gartner.In 2022, the growth in [...]
Gadkari to inaugurate underpass, lay foundation stones for projects worth Rs 1,406 cr
Gurugram, Mar 8 (PTI) Union Minister of Road Transport and Highways Nitin Gadkari will on Wednesday lay the foundation stone of various projects worth over Rs 1,406 crore and inaugurate a four-lane underpass on NH-48 in the national capital region. The underpass meant for vehicles taking U-turn near Ambiance Mall in Gurugram, which has been [...]
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