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Tata group stock in focus after receiving LoI from REC for transmission project
Tata Group stock generation, transmission, distribution of electricity, manufacturing solar roofs, developing EV charging stations, and many more, in focus upon receiving a Letter of Intent from Rec to develop a special purpose transmission project. Price Action With a market capitalization of Rs. 1,44,748 Crores, the shares of Tata Power Company Limited were trading at [...]
Stock hits 10% upper circuit after company sets record date for 1:5 stock split
Shares of this micro-cap stock dealing in finance and real estate business, hit the 10 percent upper circuit limit in the day’s trade following the announcement of the stock split of equity shares of the company in the ratio 1:5. Stock price movement In Thursday's trading session, Sellwin Traders Ltd's stock reached a 10 percent [...]
Railway stock jumps 7% after receiving order worth ₹270 Cr for metro project
The shares of the railway infrastructure developer gained up to 7 percent after the company bagged a prestigious order from Maharashtra Metro Rail Corporation Limited worth Rs 270 crore. With a market capitalization of Rs 1.03 lakh crore, the shares of Rail Vikas Nigam Ltd were trading at Rs 494.25 per share, increasing around 3.08 [...]
Dolly Khanna stock hits 5% upper circuit after reporting 168% YoY increase in net profit
The share price of this company, which specializes in manufacturing lead, alloys, and plastic additives, hit a 5 percent upper price band after reporting a remarkable 168 percent YoY increase in net profits and strong revenue growth in its recent quarterly results. Share Price Movement The share price of Pondy Oxides and Chemicals Limited hit [...]
Stock under ₹60 jumps 3% after receiving order from Coca Cola
During Thursday’s trading session, the shares of this micro-cap company engaged in the marketing and distribution of steel products surged 3.3 percent to Rs. 52.93 on BSE, after the company announced securing an order worth Rs. 2.75 crores from Coca Cola India Private Limited. With a market cap of Rs. 129.1 crores, at 11:12 am., [...]
Green energy stock jumps 6% after receiving orders worth ₹375 Cr for solar project
Green Energy stock engaged in providing a wide range of solar energy solutions such as floating solar panels, solar rooftops, hydrogen electrolyzers, and many more jumped upto 6 percent in the day’s trade upon receiving a new work order from MSEDCL for a consideration of Rs. 375 Crores. Price Action With a market capitalization of [...]
PSU stock jumps 3% after signing MoU with Patel Engineering for infra projects
The share of this railway company gained up to 3.5 percent from a day high of Rs 231.35 apiece after the company inked a Memorandum of Understanding (MoU) with Patel Engineering Limited. With a market capitalization of Rs 21,260.36 crore, the shares of IRCON International Ltd were trading at Rs 226.05 per share, increasing around [...]
Stock under ₹80 hits 20% upper circuit after receiving ₹1,240 Cr order for financial services
During Thursday’s trading session, the shares of India's biggest organisation for the recovery of unclaimed investments, money, and assets hit a 20 percent upper circuit at Rs. 69.86 on BSE, after its subsidiary secured a contract worth Rs. 1,240 crores. With a market cap of Rs. 85.7 crores, the shares of Share Samadhan Limited opened [...]
Ambani stock jumps after company’s board sets record date for 1:1 bonus issue
The shares of this Fortune 500 company gained up to 1 percent after the company’s board approved a record date for bonus issued in the ratio of 1:1. Reliance Industries Ltd has a market capitalization of Rs 18.43 lakh crore, the shares were trading at Rs 2,724 per share, increasing around 0.59 percent as compared [...]
Midcap stocks in which FIIs increased their stake by 4.09% in Q2 to keep in your radar
Increased FII stakes in mid-cap companies enhance their credibility and visibility, attracting more domestic investors. This influx of capital supports business expansion and growth initiatives. Additionally, it creates price stability and aligns with positive sectoral trends, ultimately positioning these firms for improved performance. Here are three such mid-cap stocks in which Foreign Investors have increased [...]
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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
RBI issues guidelines for extended interest equalisation scheme for export credit
Mumbai, Mar 8 (PTI) The Reserve Bank of India (RBI) on Tuesday issued modified norms on Interest Equalization Scheme for export credit after the extension of the scheme till March 2024 by the government.Earlier, the government approved the extension of the Interest Equalization Scheme for pre and post-shipment rupee export credit up to March 31, [...]
Power minister launches Smart Grid Knowledge Center
New Delhi, Mar 8 (PTI) Union Power Minister R K Singh on Tuesday inaugurated a Smart Grid Knowledge Center (SGKC) and an Innovation Park, an official statement said. The virtual launch event was as part of the 'Azadi ka Amrit Mahotsav', which is an initiative of the government to commemorate 75 years of India's independence, [...]
Soothe Healthcare commences ops at new plant to mark International Women’s Day
New Delhi, Mar 8 (PTI) Personal hygiene company Soothe Healthcare on Tuesday said it has commenced operations at its new manufacturing facility in Noida, Uttar Pradesh to mark the occasion of International Women's Day. With the addition of the plant, the Delhi-based company aims to double its production capacity from 500 million units to 1 [...]
Skill Development Ministry felicitates women achievers
New Delhi, Mar 8 (PTI) The Ministry of Skill Development and Entrepreneurship on Tuesday organised an event to mark International Women's Day and recognise the accomplishments made by women in the skill ecosystem and honour them for their active participation in augmenting India's economic growth.Over 100 women were felicitated on the occasion, including state-level champions [...]
DoT starts accepting applications for registration of M2M companies
New Delhi, Mar 8 (PTI) Companies providing machine-to-machine solutions and connectivity for the M2M services can now apply online for registration and obtaining a licence from the Department of Telecom, an official note said on Tuesday.The DoT has mandated all machine-to-machine (M2M) players to register for providing service."To obtain registration/licence, as may be applicable, the [...]
I-T conducts searches on places of Maha minister Aaditya Thackeray’s close aide Rahul Kanal
Mumbai, Mar 8 (PTI) Income tax sleuths on Tuesday carried out searches across offices and homes of Shiv Sena office-bearer Rahul Kanal, who is said to be a close aide of Maharashtra minister Aaditya Thackeray, and locations of a cable operator and an RTO officer, who are allegedly linked to state transport minister Anil Parab. [...]
Labour minister felicitates 3 ESIC medical staff for services during pandemic
New Delhi, Mar 8 (PTI) Union Minister for Labour and Employment Bhupender Yadav on Tuesday felicitated three medical staffers of ESIC hospitals for rendering services during the COVID-19 pandemic. Total nine officials were selected for the award from different ESIC hospitals across the country, including in Karnataka, New Delhi, Mumbai, Chennai, Hyderabad, Ahmedabad, Noida, Faridabad [...]
ICAR, CSIR, Ayush ministry ink pack for R&D collaboration in medicinal plants, ayurvedic foods
New Delhi, Mar 8 (PTI) A tripartite agreement has been signed between the Indian Council of Agricultural Research (ICAR), Ayush ministry and CSIR for facilitation of R&D and deployment of technologies related to medicinal plants and ayurvedic food for the benefit of humans and animals. Council of Scientific and Industrial Research (CSIR) Director General Shekhar [...]
NEWSALERT
Average price for a gallon of gasoline in the US hits a record $4.17 as country prepares to ban Russian oil imports, reports AP. PTI AMS AMS
Spice Money to fund education of women, girls from its merchant community for one yr
New Delhi, Mar 8 (PTI) On International Women's Day, fintech firm Spice Money announced that it will fund the education of women and girls from the families of its merchant community for a year. Spice Money has joined hands with an Edtech startup Speed Labs, technology-based learning and practice platform, to educate women and girls [...]
Business briefs
IOB raises interest rates on long-term deposits by 25 bps Mumbai, Mar 8 (PTI) Chennai-based public sector lender Indian Overseas Bank (IOB) has increased the interest rates on long-term deposits by 25 basis points (bps). For term deposits above three years, the bank is offering an interest rate of 5.45 per cent as against 5.20 [...]
Hero MotoCorp provides 108 motorbikes to police dept in HP’s Hamirpur
Hamirpur (HP), Mar 8 (PTI) Hero MotoCorp on Tuesday provided 108 motorbikes to the Himachal Pradesh police here under its corporate social responsibility (CSR) programme.Union Minister for Information and Broadcasting Anurag Thakur, former Chief Minister Prem Kumar Dhumal and Director General of Police Sanjay Kundu were present on the occasion.Speaking on the occasion, Thakur said [...]
Haryana MSMEs to get 50% reimbursement of VAT on natural gas
Chandigarh, Mar 8 (PTI) In order to provide some relief to industries in NCR where norms require them to shift to cleaner fuels, the Haryana government has proposed to reimburse 50 per cent of VAT collected on natural gas purchased by MSMEs for a period of two years. "The government recognises that industries in the [...]
Joshi urges bodies under coal ministry to continue to promote gender equality
New Delhi, Mar 8 (PTI) Union Coal Minister Pralhad Joshi has urged the organisations under his ministry to continue to promote gender equality, an official statement said on Tuesday. On the occasion of International Women's Day 2022, the minister said it is the responsibility of Coal India Ltd (CIL), as one of India's top corporate [...]
CNH Industrial opens R&D centre in Gurugram
Mumbai, Mar 8 (PTI) CNH Industrial on Tuesday opened its new India Technology Center in Gurugram that will employ 1,000 staff by 2024, the company said on Tuesday.It will be an integral part of the company's global research and development footprint."India's vast potential, thriving economic development and highly-skilled talent pool make it an attractive market [...]
FM expresses concern on rising oil prices; Puri says oil cos to decide on hike
Bengaluru/New Delhi, Mar 8 (PTI) Finance Minister Nirmala Sitharaman on Tuesday hinted that the current spike in international oil prices may upset provisions of her Union Budget for the fiscal year beginning April 1 as she voiced concern over the impact of spiralling oil rates on the Indian economy. "It (rising crude prices) will have [...]
Atal Innovation Mission partners Snap for AR skilling among Indian youth
New Delhi, Mar 8 (PTI) Niti Aayog's Atal Innovation Mission on Tuesday said it has joined hands with camera firm Snap Inc, which owns social media platform Snapchat, to drive Augmented Reality (AR) skilling among the Indian youth.Snap's camera plays a transformative role in how people experience the world around them.According to an official statement, over a [...]
EPFO processes all pending claims of women
New Delhi, Mar 8 (PTI) Retirement fund body EPFO said it has processed all pending claims of women across the country to mark the occasion of International Women's Day in a unique way. The Employees' Provident Fund Organisation (EPFO) began a massive exercise on March 25, 2022 and processed about 1.39 lakh claims filed by [...]
Chinese President Xi slams sanctions against Russia in his talks with Macron, Scholz
Beijing, Mar 8 (PTI) Terming the war in Ukraine as “worrisome”, Chinese President Xi Jinping in his virtual summit with his French counterpart and German Chancellor on Tuesday criticised the US and EU sanctions against Russia, saying such measures would create a global crisis which is in the “interest of no one”.The US, EU and [...]
Dish TV shareholders reject all 3 proposals in AGM
New Delhi, Mar 8 (PTI) Embattled DTH player Dish TV on Tuesday disclosed that its shareholders have rejected all three proposals, including the adoption of financial statements and reappointment of Ashok Mathai Kurien as director, at its AGM held on December 30, 2021.The Essel group firm is currently locked in a legal battle with its [...]
Zydus unit to acquire brand from US-based BridgeBio Pharma
New Delhi, Mar 8 (PTI) Zydus Lifesciences on Tuesday said its subsidiary has inked a pact to acquire a brand from the US-based BridgeBio Pharma. Sentynl Therapeutics, Inc -- a US-based wholly owned subsidiary of Zydus Lifesciences -- and BridgeBio Pharma, Inc have executed an asset purchase agreement for the sale of Nulibry (Fosdenopterin) for [...]
Adani Ports incorporates wholly-owned subsidiary
New Delhi, Mar 8 (PTI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has incorporated a wholly-owned subsidiary 'HDC Bulk Terminal Limited'. "The Company has incorporated a wholly owned subsidiary company 'HDC Bulk Terminal Limited (HDCBTL)' on March 7, 2022," APSEZ said [...]
Women prefer cash for retail payments; digital adoption high among younger gen: Survey
New Delhi, Mar 8 (PTI) For most women, cash is still the king when it comes to making payments at retail outlets, even as those in age group of 21-30 years are the most adept digitally, according to a survey. Cash continues to dominate the payment space among women as more than 60 per cent [...]
Chhattisgarh’s GSDP estimated to grow by 11.54 pc in 2021-22: Economic survey
Raipur, Mar 8 (PTI) Chhattisgarh's gross state domestic product (GSDP) at constant prices is estimated to grow by 11.54 per cent and the per capita income is expected to reach Rs 1,18,401 in the financial year 2021-22, the state's economic survey report revealed on Tuesday. The state's Economic Survey Report for the year 2021-22 was [...]
Established residential realtors’ topline to grow 35% in FY22: Report
Mumbai, Mar 8 (PTI) There has been a significant recovery in the property market as the established realtors reported sale of Rs 34,000 crore in the first nine months of FY22, equalling the amount achieved in the entire FY21, a report said on Tuesday.The established residential realtors' topline is expected to rise by 35 per [...]
Citi to hire 80 commercial bankers in India in 3 years
Mumbai, Mar 8 (PTI) As it winds down its retail bank in the country, American lender Citi on Tuesday said it will be hiring 80 bankers in India over the next three years for its commercial banking vertical. The move is part of a plan to hire 350 bankers in Citi Commercial Bank Asia Pacific [...]
Assam CM holds discussion with ADB Country Director on completion of projects
Guwahati, Mar 8 (PTI) Assam Chief Minister Himanta Biswa Sarma on Tuesday met a delegation of Asian Development Bank, led by its Country Director Takeo Konishi and discussed matters related to the completion of ADB projects in the state.Discussion were also held on ways to make Assam the gateway to ASEAN and the northeast as [...]
IOC signs pact with APSEZ to expand crude oil volumes at Mundra Port
New Delhi, Mar 8 (PTI) Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has signed an agreement with Indian Oil towards augmentation of the latter's crude oil volumes at Mundra. APSEZ in a statement said Indian Oil Corp Ltd (IOCL) shall expand its existing crude oil tank farm at APSEZ's Mundra Port, thus [...]
6 stocks to buy and hold for the next 5 to 15 days – Axis Direct
Foreign Portfolio Investors (FPIs) have pulled out ₹14,721 crores from the Indian equities in the last two days, in just the last three trading sessions, as per depositories data. The Russia-Ukraine conflict and rising crude oil prices dented investors’ sentiments and the markets have shown a downward trend since. However, for many, it is a [...]
Rupee slips 7 paise to record low of 77 per USD
Mumbai, Mar 8 (PTI) Sliding for the fifth consecutive day, the rupee depreciated by 7 paise to close at a lifetime low of 77 against the US dollar on Tuesday, weighed by surging crude oil prices amid the Russia-Ukraine war. Heavy foreign fund outflows and prevailing risk aversion globally added to the woes, forex traders [...]
Hollongi Airport likely to start operations from August 15
Itanagar, Mar 8 (PTI) The greenfield airport at Hollongi, near here, is likely to be made operational on August 15 this year, with the Arunachal Pradesh government asking the executing agencies to finish the project at the earliest.Developed by the Airports Authority of India (AAI) with an estimated cost of Rs 645 crore, it is [...]
TCS plans re-structuring; aims to achieve $50 bn revenue by 2030
New Delhi, Mar 8 (PTI) IT major TCS is planning to revamp the organisation structure to align with customers more closely, as it aims to achieve USD 50 billion (about Rs 3.89 lakh crore) revenue by 2030, a source aware of the development said on Tuesday.The company had garnered USD 25 billion in revenue in [...]
Haryana govt presents Rs 1.77-lakh-cr Budget; focus on growth, women initiatives, environment
Chandigarh, Mar 8 (PTI) The Haryana government on Tuesday presented a Rs 1.77 lakh crore Budget for 2022-23 with a focus on economic growth, ease of living for citizens and initiatives for women, while proposing no fresh taxes. Presenting the Budget in the state assembly, Haryana Chief Minister Manohar Lal Khattar said it lays emphasis [...]
Flipkart in strategic alliance with Google Cloud to speed up innovation, cloud strategy
New Delhi, Mar 8 (PTI) Google Cloud and Flipkart have entered into a multi-year strategic alliance to help fast-track the e-commerce company's innovation and cloud strategy.The partnership will drive Flipkart into its next phase of growth and advance its vision of onboarding India’s next 200 million shoppers and lakhs of sellers, according to a statement."Flipkart [...]
AAI technical team visits proposed site of Puri international airport
Puri, Mar 8 (PTI) A seven-member technical team of the Airports Authority of India (AAI) Tuesday undertook an on-the spot verification of Sipasarubali area in the outskirt of the pilgrim town, for the proposed international airport in Puri.The technical team’s visit came after Union Civil Aviation Minister Jyotiraditya Scindia during his visit to Jharsuguda said [...]
Dish TV discloses results of Dec 2021 AGM; shareholders reject all 3 proposals
New Delhi, Mar 8 (PTI) Embattled DTH player Dish TV on Tuesday disclosed that its shareholders have rejected all three proposals, including the adoption of financial statements and reappointment of Ashok Mathai Kurien as director, at its AGM held on December 30, 2021.The company -- which did not declare the outcome of voting at its [...]
Ukraine war: Icra sees serious downside risks to growth; CAD to cross 3.2%
Mumbai, Mar 8 (PTI) Rating agency Icra has warned of serious downside risks to the economy next fiscal with runaway current account deficit, steep fall in the rupee and a hardening yields on government bonds, as a result of the Russian-Ukraine crisis and the resultant spike in crude and other commodity prices.International crude oil prices [...]
Continental inks fresh joint venture pact with Japanese firm Nisshinbo
New Delhi, Mar 8 (PTI) Technology firm Continental on Tuesday said it has formed a joint venture with Japanese firm Nisshinbo Holdings to locally produce a component meant for electronic brake systems (EBS) in India. The new JV will localise machining for valve block meant for the EBS portfolio which includes electronic stability control (ESC) [...]
MoU signed to protect rights of workers in setting up greenfield airport in Barak Valley
Silchar, Mar 8 (PTI) A tea company and various trade union organisations, representing the tea garden workers have signed a memorandum of understanding (MoU) to protect the rights of workers while setting up a proposed greenfield airport on land owned by the company in Assam's Barak valley, an official release said on Tuesday.The agreement was [...]
Gaps in workplace equality, professional development for women in tech in India: Report
New Delhi, Mar 8 (PTI) A significant percentage of women in tech said men outnumber them at their organisations in leadership roles, indicating gaps in workplace equality and professional development for women in the technology sector in India, according to a report. According to Skillsoft’s 2022 Women in Tech Report, two-thirds of women in tech [...]
NEWSALERT
Dish TV discloses results of AGM held in Dec 2021; shareholders reject all 3 proposals, including adoption of financial statements: Co filing. PTI RKL ABM ABM
Matter of pride that India has a woman finance minister: PM Modi
New Delhi, Mar 8 (PTI) Prime Minister Narendra Modi on Tuesday said it was a matter of pride that a large country like India has a woman finance minister who has presented a progressive Budget this year for Asia's third largest economy. Addressing a post-Budget webinar on 'Financing for Growth and Aspirational Economy', Modi also [...]
Traders should handhold women startups, encourage technology adoption: Irani
New Delhi, Mar 8 (PTI) Traders should handhold and encourage women startups to set up businesses to help them enter the mainstream of trade and commerce, Union Minister Smriti Irani has said.Addressing a function organised by the Confederation of All India Traders (CAIT) to felicitate women on Monday, the Minister for Women and Child Development [...]
AWIB, An Indian Think Tank is bringing Prosperity among Women Entrepreneurs in India and South East Asia
Delhi, India (NewsVoir) The Association of Women in Business (AWIB), an India-based think tank is set to positively impact the lives of millions of women in India and Southeast Asia. The organization promotes women entrepreneurship and women in corporate leadership roles by eliminating the barriers to business such as access to networks, enhancing their ability [...]
Volkswagen unveils new mid-sized sedan Virtus; launch in May
New Delhi, Mar 8 (PTI) German auto major Volkswagen on Tuesday unveiled new mid-sized sedan 'Virtus' which it plans to launch in the country later this year. The company has commenced pre-bookings for the new model which competes with the likes of Honda City, Hyundai Verna, Maruti Suzuki Ciaz and the recently introduced Skoda Slavia. [...]
OrgFarm – Empowering Rural Women Drive Economic Growth
Chennai, Tamil Nadu, India (NewsVoir) Since inception, OrgFarm has always strived to provide the highest quality of pure, healthy organic foods to our consumers and to offer a healthier and more abundant life for all. OrgFarm continues to be true partners with farmers and are actively participating in a mission to create a sustainable environment [...]
Malkangiri airport to spread wings in 2024
Bhubaneswar, Mar 8 (PTI) The Odisha government has decided to fast track the development of a new airport in Malkangiri in the southern part of the state and make it operational in two years, an official said on Tuesday.The airport in Malkangiri, which is the farthest from state capital Bhubaneswar, will boost the quality of [...]
NARCL invites applications for full-time MD, CEO
New Delhi, Mar 8 (PTI) National Asset Reconstruction Company Ltd (NARCL) has invited applications for the position of full-time managing director and chief executive officer of the Rs 6,000-crore bad bank, set up for the resolution of stressed assets.According to the public notice, eligible candidates should have over 25 years of experience in the banking, [...]
IOC employs 9 women hockey players
New Delhi, Mar 8 (PTI) In a first, as many as nine players of the Indian women's hockey team have been given employment at the nation's top energy firm Indian Oil Corporation (IOC) as part of its policy to promote sports and women's hockey. The hockey players include Suman Devi Thoudam, Rajwinder Kaur, Rashmita Minz, [...]
Women in IT: Adding care in culture
India’s IT industry is the torchbearer among other industries when it comes to gender equality. Simply put, there are more women in IT than in any other industry. This is not by chance – the government, industry bodies, and companies have all made conscious efforts to encourage equal opportunities. However, the number of women in [...]
Inforpark’s Fingent receives ‘great place to work’ certification
Kochi, Mar 8 (PTI) Fingent, an Infopark-based software development solutions provider, on Tuesday received the "Great Place to Work" certification for the second consecutive time. Infopark said the "Great Place to Work" is a global authority working towards creating the best workplaces around the globe by building, sustaining and recognising high trust and high-performance cultures. [...]
Inox Air announces Rs 750-cr oxygen plant at Sail’s Bokaro plant
Mumbai, Mar 8 (PTI) Inox Air Products, the manufacturer of industrial and medical gases in the country, has announced its largest greenfield project at Steel Authority of India Ltd's (Sail) Bokaro plant with an investment of Rs 750 crore.This is the company's second cryogenic air separation unit at the Bokaro plant in Jharkhand and is [...]
PM to address global investors on privatisation, asset monetisation on Wed
New Delhi, Mar 8 (PTI) Prime Minister Narendra Modi will on Wednesday address global investors as well as infrastructure, real estate and legal sector experts on the strategy of CPSE privatisation, asset monetisation and their contribution to India's growth. The Department of Investment and Public Asset Management (DIPAM), in collaboration with NITI Aayog, is organising [...]
India has become a ‘strategic hub’ for BYD India: Official
Chennai, Mar 8 (PTI): BYD India, a subsidiary of the Warren-Buffett backed new energy vehicle manufacturer was commemorating 15 years of its operations in India and said the country has become a 'strategic hub' to serve the South Asian market. BYD India has made a cumulative investment of over USD 150 million in the country [...]
BULLION CLOSING
MUMBAI, MARCH 8 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 70349.00 70890 STANDARD GOLD (99.5) : 53196.00 53334 PURE GOLD (99.9) : 53410.00 53548 -------------------------- PTI MUM SVC SSBSSB SSB
Haryana govt presents Rs 1.77-lakh-cr Budget; focus on women initiatives, environment
Chandigarh, Mar 8 (PTI) The Haryana government on Tuesday presented a Rs 1.77-lakh-crore Budget for the financial year 2022-23 against the Rs 1.53-lakh-crore Budget in 2021-22. While presenting the Budget in the state's Assembly, Haryana Chief Minister Manohar Lal Khattar proposed no fresh tax. The Budget envisioned five developmental forces through the 'Vajra Model' for [...]
BSE inks pact with 2 entities to promote commodity derivatives, EGRs
New Delhi, Mar 8 (PTI) With an aim to deepen commodities derivatives trade and proposed electronic gold receipt (EGR) markets in India, stock exchange BSE on Tuesday said it has collaborated with the Bhartiya Swarnkar Sangh (BSS) and Jamshedpur Jewellers Association (JJA). The pacts are aimed at growing and developing value chain participants, enabling them [...]
Independent floors share in total housing supply in Gurugram at 74 pc in 2021: Report
New Delhi, Mar 8 (PTI) As many as 6,850 independent floors were launched in Gurugram during the last calendar year, contributing 74 per cent of the total new supply of residential properties in the IT city, according to JLL India.In a statement issued on Tuesday, JLL said that Gurugram saw the total new housing supply [...]
Markets rebound after four-day rout; IT, pharma stocks sparkle
Mumbai, Mar 8 (PTI) Market benchmarks ratcheted higher in a see-saw session on Tuesday after four days of steep declines as investors accumulated recently-battered IT, pharma and finance stocks even as the Ukraine crisis remained an overhang. World equities were mixed as participants tracked Russia's intensifying attack on Ukraine and the cascade of sanctions against [...]
CtrlS certified as a ‘Great Place to Work’
- The company achieves this recognition for the fourth year in a row HYDERABAD, India, March 8, 2022 /PRNewswire/ -- CtrlS Datacenters Ltd, Asia's Largest Rated-4 Hyperscale Data Center and Managed Services Player has been certified as a 'Great Place to Work ;for the fourth year in a row. Keeping employees happy is a priority [...]
Kotak Securities set target for HDFC with an upside of more than 50%
HFDC Limited is one of the top wealth creators in the Indian share market. It has a rock-solid balance sheet, a good track record of asset quality and zero net NPAs (non-performing assets). It has a dominant market position and has been paying dividends on a consistent basis. However, the shares prices of HDFC Limited [...]
NSO organises training workshop for 79th Socio-Economic Survey
New Delhi, Mar 8 (PTI) The National Statistical Office (NSO) is organising a three-day training workshop from Tuesday for the 79th Socio-Economic Survey which will also cover awareness of the AYUSH systems of medicine. The All India Workshop of Trainers (AIWOT) for the NSS 79th round of its Socio-Economic Survey will be organised at National [...]
RBI accepts USD 5.135 billion in USD/INR sell-buy swap auction
Mumbai, Mar 8 (PTI) The Reserve Bank of India has accepted USD 5.135 billion in USD/INR sell-buy swap auction conducted on Tuesday against the notified amount of USD 5 billion.Last month, the RBI had announced to undertake a USD/INR two-year sell/buy swap auction of USD 5 billion.In today's auction, the total amount bid by participants [...]
91% people consider purchasing life insurance necessary; only 70% willing to invest: Survey
Mumbai, Mar 8 (PTI) Most people (around 91 per cent of respondents) in the country consider purchasing life insurance a necessity but only 70 per cent are willing to invest in the same, according to a survey conducted by the Life Insurance Council (LIC). The findings are based on a survey conducted across 40 cities [...]
Include women entrepreneurs as stakeholders in consultations on FTAs: ICRIER
New Delhi, Mar 8 (PTI) Economic think tank ICRIER has suggested the government to include targeted measures in the forthcoming foreign trade policy to boost women's participation in global commerce and involve them as key stakeholders in consultations for free trade agreements.A policy brief Women and Trade: Towards an Enabling Ecosystem in India -- brought [...]
MEIL expedites rig delivery to ONGC
• Rajahmundry asset adds 2,000-HP land drilling rig with world's highest capacity • It can operate in high-pressure & high-temperature conditions and can drill up to a depth of 6,000 metres BHIMAVARAM, Andhra Pradesh, March 8, 2022 /PRNewswire/ -- Megha Engineering and Infrastructures Limited (MEIL) has expedited the delivery of rigs and the handing over [...]
Oil companies to determine fuel prices: Union minister
New Delhi, Mar 8 (PTI) Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices, even as he said there will be no shortage of crude oil in the country.Puri, however, said the government will take decisions in the best interest [...]
COMMODITY PRICES
MUMBAI, MARCH 8 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 841.00 COPPER HEAVY SCRAPS 830.00 COPPER ARMATURE (CREDIT) 808.00 COPPER UTENSILS SCRAP 748.00 CC ROD 865.00 BRASS :- BRASS SHEET CUTTING 572.00 BRASS UTENSIL SCRAP 540.00 BRASS HONEY 525.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 212.00 ALUMINIUM EXTRUSION SCRAP 258.00 ALUMINIUM [...]
Infinity Learn acquires Don’t Memorise
New Delhi, Mar 8 (PTI) Sri Chaitanya group's edtech start-up Infinity Learn has acquired concept-based multilingual content platform Don't Memorise for an undisclosed amount. Founded in 2014, Don't Memorise focuses on the K-10 segment -- specifically for grades 6 to 10 -- developing content in English, Hindi, Marathi and Bengali mainly for maths and science. [...]
IOC to build more crude oil tanks at Adani’s Mundra port
New Delhi, Mar 8 (PTI) Indian Oil Corporation (IOC), the nation's largest oil firm, will build nine more storage tanks to stock additional 10 million tonnes of crude oil at Adani group-operated Mundra port in Gujarat. "Adani Ports and Special Economic Zone (APSEZ) has signed an agreement with IOC towards augmentation of IOC's crude oil [...]
Westin Hotels & Resorts Expands in Mumbai with The Opening of The Westin Mumbai Powai Lake
Transformed from Renaissance Mumbai Convention Centre Hotel, The Westin Mumbai Powai Lake is set to be the city’s New Haven of well-being Mumbai, Maharashtra – March 8th, 2022 - Westin Hotels & Resorts, part of Marriott Bonvoy’s portfolio of 30 extraordinary hotel brands, continues to propel its footprint in India with the opening of The [...]
Bombay HC allows Future Enterprises to sell stake in insurance joint venture
New Delhi, March 8 (PTI) The Bombay High Court has allowed Future Enterprises to sell its stake in insurance joint venture Future Generali to Italian partner Generali, the company said in a regulatory filing on Tuesday.A local city court in Mumbai, following objections raised by some bold holders of Future companies, had last month put [...]
Guv Das launches UPI service for 40 cr feature phone users; transaction volume to top Rs 100 lakh cr
Mumbai, Mar 8 (PTI) Nearly six years after the launch of the Unified Payments Interface (UPI), a new service which will enable over 40 crore feature phone users to access the popular digital transactions platform, was launched by RBI Governor Shaktikanta Das on Tuesday. The National Payments Corporation of India (NPCI), a RBI promoted body [...]
Only 12 pc of contract staff were Women at 2021-end: TeamLease Services
New Delhi, Mar 8 (PTI) While the total number of female workers in India is 149.8 million, the labour market participation by them is abysmal, a TeamLease Services study said on Tuesday.According to the TeamLease Services' latest report No Woman Left Behind -- a comprehensive analysis highlighting the current state of women participation in the [...]
Shri Ram Global School Pledges for an equitable and inclusive society on International Women’s Day
LUCKNOW, India, March 8, 2022 /PRNewswire/ -- To create awareness about gender equality among young minds, Shri Ram Global School came forward to celebrate the International Women's day aligning with this year's global theme 'Gender Equality Today for a Sustainable Tomorrow'. While celebrating the accomplishments of women in different fields, and recognising their contribution and [...]
IPM India reinforces its promise to #BreakTheBias, this International Women’s Day
Focusing on contravening gender stereotypes & bringing forward psychological safety NEW DELHI, March 8, 2022 /PRNewswire/ -- IPM India Wholesale Trading Private Ltd (IPM India), a country affiliate of Philip Morris International, Inc. (PMI) sees diversity as one of its greatest strength and inclusion as one of its greatest business enablers. Since women make up [...]
There’s need to change way products are marketed in favour of men: Women leaders
New Delhi, Mar 8 (PTI) With a majority (80 per cent) of consumer spending influenced by women, there is a need to change the way products are marketed in favour of men and it needs to be inclusive, according to women leaders from different fields. The need to close the gap between perception and metrics [...]
PEPPER COPRA CLOSING RATES
MUMBAI, MAR 8 (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
Agri Min ready with new scheme to promote natural farming; to seek cabinet nod soon
New Delhi, Mar 8 (PTI) The Agriculture Ministry is ready with a new central scheme to promote natural farming in the country with an estimated outlay of Rs 2,500 crore, a senior government official said on Tuesday.The proposed new scheme on natural farming will soon be placed before the Cabinet for approval, the official added.The [...]
Guar seed futures decline on low demand
New Delhi, Mar 8 (PTI) Guar seed prices on Tuesday declined by Rs 116 to Rs 5,814 per 10 quintals in the futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery was trading at Rs 5,814, down by Rs 116 or 1.96 per cent per 10 quintals with an [...]
MUM OILSEEDS CLOSING
MUMBAI, MAR 8 (PTI) OILS (per 10 Kgs) G.Nut Raw 1550.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. - Sunflower Exp.Ref. 1700.00 Cottonseed(Refined) 1560.00 Refined Palm Oil 1535.00 Soyabean Ref. 1550.00 Imp.Soyabean Crude - Rapeseed Ref. 1560.00 Rapeseed Exp. 1530.00 Copra white 1640.00 Rice Bran 4-7% FFA - Rice Bran 1420.00 Linseed 1950.00 Castor [...]
Levi’s #IShapeMyWorld Season 7 – The Power of Women Supporting Women
The storytelling platform, now a year-long initiative, adds enablement to these powerful stories of unstoppable women Bengaluru, Karnataka, India – Business Wire India This International Women’s Day, Levi’s® unveils Season 7 of their iconic, Levi’s® #IShapeMyWorld campaign, which has since evolved into a year-long digital initiative. This season the campaign goes beyond talking about inspiring [...]
Guar gum futures fall on low demand
New Delhi, Mar 8 (PTI) Guar gum prices on Tuesday fell by Rs 266 to Rs 10,432 per five quintals in the futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for March delivery fell by Rs 266 or 2.69 [...]
Nita Ambani launches women empowerment platform ‘Her Circle’ in Hindi
Founder-Chairperson of Reliance Foundation, Nita Ambani, on Tuesday announced the expansion of women empowerment platform `Her Circle' into multilingual space, with the launch of its Hindi app. `Her Circle' was launched by Nita Ambani a year ago and has already become India’s fastest growing digital platform for women with a reach of 42 million, Reliance [...]
NSE Academy to join hands with Karnataka education body for financial awareness among students
New Delhi, Mar 8 (PTI) NSE Academy, a wholly-owned subsidiary of the National Stock Exchange (NSE), on Tuesday said it intends to collaborate with the Karnataka State Higher Education Council to provide financial education and investment awareness for the holistic well-being of college students. Under the collaboration, all undergraduate students in Karnataka will gain the [...]
Crude oil futures rise on spot demand
New Delhi, Mar 8 (PTI) Crude oil prices rose by Rs 37 to Rs 9,321 per barrel on Tuesday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for March delivery traded higher by Rs 37 or 0.4 per cent at Rs 9,321 per barrel in 9,660 [...]
Modi asks financial institutions to consider innovative financing for futuristic ideas
New Delhi, Mar 8 (PTI) Prime Minister Narendra Modi on Tuesday asked financial institutions to consider innovative financing and risk management systems to support new futuristic ideas to meet the emerging needs of the economy. Stating that implementation of green financing is the 'need of the hour' to meet net-zero carbon emissions target by 2070, [...]
Goodluck India exports Rs 1,000-cr goods during ongoing fiscal
New Delhi, Mar 8 (PTI) Homegrown steel products maker Goodluck India on Tuesday said it exported goods worth Rs 1,000 crore during the ongoing financial year, mainly to its customers in Europe and North America, registering a 100 per cent. The New Delhi-based company had made exports valuing Rs 475 crore in the entire 2020-21 [...]
Indian diamond industry may lose shine due to Russia-Ukraine war
Kolkata, Mar 8 (PTI) Sanctions imposed by the United States and European nations on Russia in the wake of its aggression on Ukraine is likely to have a direct impact on the Indian diamond industry at a time when it is on the recovery mode after the pandemic and is aiming at USD 24 billion [...]
Ind-Ra revises auto sector outlook to ‘neutral’ for FY23
New Delhi, Mar 8 (PTI) India Ratings and Research (Ind-Ra) on Tuesday revised its outlook for the auto sector to 'neutral' from 'improving' for 2022-23, saying supply-side constraints and a muted rural demand will restrict growth. Domestic automobile sales volume is expected to grow 5-9 per cent year-on-year in 2022-23, after three consecutive years of [...]
Ashok Leyland Strengthens its Presence in Karnataka, Opens 4 Dealerships in the State
Dealerships in Bidadi, Tumkur, Kolar & Hoskote, and will help strengthen Ashok Leyland’s footprint in Karnataka Bangalore, Karnataka, India (NewsVoir) Ashok Leyland, flagship of the Hinduja Group and India’s leading commercial vehicle manufacturer, today, inaugurated four new dealerships, in Bidadi, Tumkur, Kolar & Hoskote in Karnataka. AML Motors is part of a 70 year Group [...]
Deakin University, Australia and Symbiosis International University, India collaborate to launch Women Entrepreneurship Research Alliance (WERA) on International Women’s Day
NEW DELHI, March 8, 2022 /PRNewswire/ -- Deakin University, Australia and Symbiosis International University have announced the launch of the Women Entrepreneurship Research Alliance (WERA). This research alliance will work towards creating the same participation and success rates in entrepreneurial activity for women as their male counterparts and harnessing their potential to rebuild nations and [...]
India may consider alternative pay system for exporters if Russia-Ukraine war continues for long
New Delhi, Mar 8 (PTI) India may consider alternative payment mechanisms for exporters if the Russia-Ukraine conflict continues for a long time and key trade sectors such as gems and jewellery face a problem in international cash transfer, government sources said on Tuesday. This consideration came against the backdrop of the Russia-Ukraine war and sanctions [...]
Singapore, German firms join hands to build water infra in India
Singapore, Mar 8 (PTI) Singapore-based Meinhardt Group has partnered with Germany’s SKion Water to build net zero water infrastructure and harness carbon from water in markets such as India where large-scale environmental management projects are being implemented, the two companies said here on Tuesday. Announcing the partnership, Meinhardt Group CEO Omar Shahzad said: "We are [...]
Dish TV to move SAT against Sebi order in AGM results non-disclosure case
New Delhi, Mar 8 (PTI) Dish TV India Ltd on Tuesday said it will challenge the Sebi order in the Securities Appellate Tribunal (SAT), wherein the markets regulator had directed the company to disclose the results of its annual general meeting (AGM) that was held on December 30, within 24 hours. Sebi, in its interim [...]
RBI Guv Das launches UPI service for 40 cr feature phone users
Mumbai, Mar 8 (PTI) RBI Governor Shaktikanta Das on Tuesday launched a new service, which will enable over 40 crore feature phone users to undertake digital payments in a secure way. The service christened UPI (unified payments interface) '123PAY' is a three-step method to initiate and execute services for users which will work on simple [...]
NEWSALERT
Das says 'excluded people' from lower rung of society, especially in rural areas, will now be able to access UPI services. PTI AA DRR DRR
Haryana govt presents Rs 1.77-lakh-cr Budget; announces Sushma Swaraj Award, scheme for women
Chandigarh, Mar 8 (PTI) The Haryana government on Tuesday presented a Rs 1.77-lakh-crore Budget for the financial year 2022-23 against the Rs 1.53-lakh-crore Budget in 2021-22. While presenting the Budget in the state's Assembly, Haryana Chief Minister Manohar Lal Khattar on Tuesday announced the 'Sushma Swaraj Award' for women for their significant contribution or achievements [...]
Defence cuts effectively paid for UK welfare state for 60 years – but that looks impossible after Ukraine
London, Mar 8 (The Conversation) The conflict in Ukraine will have far-reaching economic consequences. The National Institute of Economic and Social Research forecasts that it could knock one percentage point off global GDP in 2023 – equivalent to around a trillion US dollars or £760 billion. The UK will be buffeted by the impacts of [...]
KGK Group Chairman, Mr. Navrattan Kothari, got Felicitated with Lifetime Achievement Award at Jewellery World Awards
More than 6 decades of perseverance and dedication receive the appreciation of the highest order Dubai, United Arab Emirates (NewsVoir) The Jewellery World Awards (JWA) awarded KGK Group Chairman Navrattan Kothari with the laureate of the Jewellery World Awards' highest honour, the Lifetime Achievement Award, for the year 2021 in Dubai by Ahmed Sultan Bin [...]
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