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Railway stock hits 5% upper circuit after receiving order for Kavach System
The shares of the safety system manufacturer for railways hit 5 percent upper circuit of Rs 788.45 per share after the company bagged a prestigious order for Kavach System worth Rs 4.35 crore. Kernex Microsystems (India) Ltd has a market capitalization of Rs 1,321.40 crore, the shares were trading at Rs 788.45 per share, increasing [...]
Defence stock falls 5% after Govt. to offload 5% stake in the company
The shares of the leading shipbuilding company fell up to 5 percent from an intraday low of Rs 1,590 apiece after the government intended to sell 5 percent through an offer for sale. The shares of Cochin Shipyard Ltd were trading at Rs 1,605.00 per share, decreasing around 4.01 percent as compared to the previous [...]
Ashish Kacholia stock jumps 9% after board sets record date for 3:1 bonus issue
During Wednesday’s trading session, the shares of one of the leading designers & manufacturers of process equipment for the pharmaceutical & chemical industry surged 9.8 percent to Rs. 1,505 on NSE, after the company’s Board approved the issuance of bonus shares in a 3:1 ratio. With a market cap of Rs. 464 crores, at 11:03 [...]
Monopoly stock falls 7% after it gets sell call for downside of 20%
BSE Limited shares fell around 7 percent to Rs.4,419.90 per share after Jefferies downgraded it to "Underperform," citing a 21 percent downside. Jefferies highlighted that the near-term risk-reward for the stock looks "unfavourable," prompting the downgrade. Price Movement BSE Ltd shares have shown impressive growth, climbing 30 percent in the past month and 57 percent [...]
Navratna stock jumps 7% after receiving ₹80 Cr order from MHADA
The shares of the leading neutral infrastructure provider gained up to 7 percent after the company bagged an order from Maharashtra Housing And Area Development Authority worth Rs 79.84 crore. With a market capitalization of Rs 13,731.35 crore, the shares of RailTel Corporation of India Ltd were trading at Rs 427.85 per share, increasing around [...]
Stocks under ₹50 with low PE and high piotroski score of 9
The Piotroski Score is a financial metric used to assess a company's financial health, ranging from 0 to 9. A higher score indicates stronger financial well-being, making it a favoured tool for value investors looking for solid investment opportunities. A low Piotroski Score, on the other hand, suggests weaker financial performance and potential risks. The [...]
Adani Enterprises: How much money does Adani Enterprises make from all of its businesses ?
The Metals and Mining industry is a crucial sector, contributing approximately 2-3% to global GDP. In 2022, the industry's market size reached around $1.5 trillion, with major players extracting essential metals like copper, aluminum, and gold. The sector is vital for infrastructure development, particularly in emerging economies, where steel demand is projected to grow by [...]
IT stock hits upper circuit after receiving contract from South Central Railway
The Shares of this micro-cap company, which provides IT & consultancy services hit a 2 percent upper circuit on receiving a Sub-contract worth Rs. 28.05 crores for a project under South Central Railway. Share price variations: With a market capitalization of Rs. 37.27 crores, Hiliks Technologies Ltd. hit an upper circuit limit of 2 percent, [...]
Transformer stock hits 5% upper circuit after FIIs buy stake in the company
Shares of this small-cap stock, engaged in manufacture of Power, Furnace and Rectifier Transformers hit the upper price band and 52-week high on Tuesday after Societe Generale and prominent FIIs bought a stake in the company. Price Movement In Tuesday's trading session, Transformers & Rectifiers India Ltd share price reached a 52-week high of Rs.857.75 [...]
Recycling stock jumps 10% after receiving purchase order from Dubai based company
During Tuesday’s trading session, the shares of this micro-cap recycling company surged 10.6 percent to hit a new 52-week high at Rs. 153.8 on BSE, after the company received an order worth $590000 (approximately Rs. 5 crores) from Al Qaryan International, Dubai. With a market cap of Rs. 282.7 crores, the shares of Siyaram Recycling [...]
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Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
NBCC inks pact with National Gallery of Modern Art to install statue of Bose near India Gate
New Delhi, Mar 7 (PTI) Construction firm NBCC (India) Ltd on Monday said it has signed a pact with the National Gallery of Modern Art for installation of grand statue of Netaji Subhash Chandra Bose near India Gate here. NBCC is a public sector undertaking under the Union Ministry of Housing and Urban Affairs (MoHUA). [...]
Sonalika Publications Launches ‘Tales of Different Tails’ Book Series; Celebrates the Fun-filled Way of Learning and Living with a Splash of ‘Monkeyness’
New Delhi, Delhi, India (NewsVoir) Sonalika Publications has been known to hold a firm belief in the importance of education to build a firm foundation for a better society and a brighter future. Sonalika Publications has focused on promoting inclusive education to reach every nook and corner of the country. They aim to bring out [...]
Clix Capital targets Rs 4,000 cr loan disbursal in FY23
New Delhi, Mar 7 (PTI) Digital lending NBFC Clix Capital Services on Monday said it plans to disburse over Rs 4,000 crore as loans in the next fiscal year beginning April 1. The company has also crossed Rs 15,000 crore disbursement milestone since its rechristening from GE Capital 5 years ago, the company said in [...]
IOB funding Rs. 1000 Crore for Infrastructure Development in UT of J&K
CHENNAI, India, March 7, 2022 /PRNewswire/ -- As part of the Bank's Business plan to widen Credit Growth and funding towards Infrastructure Development across the nation, Indian Overseas Bank has sanctioned a loan of Rs. 1,000 cr (of which amount disbursed is Rs. 500 cr) to M/s. Jammu and Kashmir Infrastructure Development Finance Corporation Limited [...]
Suraj Estate Developers files IPO papers with Sebi to raise Rs 500 cr
New Delhi, Mar 7 (PTI) Suraj Estate Developers Ltd has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 500 crore through an initial public offering (IPO). The funds will be raised through fresh issuance of equity shares, the draft red herring prospectus (DRHP) filed with Sebi showed on Monday. Funds to the [...]
MG Motor launches all-new ZS EV at Rs 21.99 lakh
New Delhi, Mar 7 (PTI) MG Motor India on Monday said it has launched the all-new version of ZS EV in the country with price starting at Rs 21.99 lakh (ex-showroom). The all-new ZS EV will be available in two variants -- Excite and Exclusive, priced at Rs 21.99 lakh and Rs 25.88 lakh, respectively. [...]
India’s F1 hopeful, Jehan Daruvala signs exclusive representation agreement with Meraki Sport & Entertainment Pvt. Ltd
The announcement comes as Jehan begins his pre-season testing with reigning F2 champions, Prema Racing, for the 2022 FIA Formula 2 championship March 7: The 23-year-old racing sensation, who is also part of the Red Bull Junior Program, has signed an exclusive representation agreement with Meraki Sport & Entertainment, India's leading fully integrated sport marketing [...]
DCGI approves Themis Medicare’s VIRALEX® for Covid-19 treatment
Enhances both innate & adaptive immunity and strengthens body’s immune response to viral infections March 7: In a landmark development for the treatment of COVID-19, Themis Medicare Ltd. (Themis), a Pharmaceutical company headquartered in Mumbai with a legacy of over 50 years of making new treatment options available, announced the approval of its antiviral drug [...]
Tea exporters expressed concerns about payment issues with Russia
Tea exporters on Monday expressed concern over how to solve payment issues for their shipments to Russia since the CIS country’s several banks have been blocked to access to a global financial system SWIFT, in the wake of the Russian-Ukraine crisis. Indian Tea Exporters' Association (ITEA) chairman Anshuman Kanoria said everything is uncertain and premature [...]
Wave City in Association with Dainik Jagran Group Organizes Ghaziabad Half Marathon on the Occasion of International Women’s Day
Wave City also collaborated with Piku Sports Ghaziabad, Uttar Pradesh, India (NewsVoir) Wave City, Ghaziabad, the first operational high-tech city in North India today organized a ‘Ghaziabad Half Marathon’ to celebrate International Women’s Day. Marathon was organized in association with Piku Sports & a leading media house Dainik Jagran. The event was flagged off from [...]
JSW Group arm invests in personal care-focused Cureskin
Mumbai, Mar 7 (PTI) JSW Ventures, an arm of Sajjan Jindal-led JSW Group, on Monday said it has led a USD 5-million investment in beauty and personal care products firm Cureskin. Other investors in the round included Sharrp Ventures, SenseAI and other existing investors, according to an official statement. The funds raised will be deployed [...]
CAMS acquires majority stake in Fintuple to strengthen value proposition for AIF, PMS
New Delhi, Mar 7 (PTI) CAMS, which acts as a registrar and transfer agent for mutual funds, on Monday said it has acquired majority stake in Fintuple Technologies, a fintech platform for alternative investment funds (AIFs) and portfolio managers. With the addition of Fintuple's portfolio of offerings, CAMS is geared towards further strengthening its value proposition [...]
First Lady Jill Biden praises Indian-American community leader during her Silicon Valley trip
Washington, Mar 7 (PTI) US First Lady Dr Jill Biden has praised the role of an eminent Indian-American tech entrepreneur and community leader in taking the message of the Biden administration to the public.The First Lady, during a closed-door meeting with some of the top Democratic Party leaders in Silicon Valley, mentioned the name of [...]
Public-Private Partnership to be key driver of PM Gati Shakti scheme: MoS Finance
New Delhi, Mar 7 (PTI) Minister of State for Finance Pankaj Chaudhary on Monday said Public-Private Partnership (PPP) would be the key driver of the Rs 100 lakh crore ambitious PM Gati Shakti initiative. This national master plan for multi-modal connectivity aims to develop infrastructure to reduce logistic costs and boost the economy. The PM [...]
Bollywood actor Sara Ali Khan makes investment in The Souled Store
New Delhi, Mar 7 (PTI) Casual wear and apparel brand The Souled Store on Monday said Bollywood actor Sara Ali Khan has invested an undisclosed amount in it. In August last year, the start-up had raised Rs 75 crore in a Series-B funding round led by Elevation Capital. Commenting on Khan's investment, The Souled Store [...]
Birla Century’s Home Division Ventures into Home Bedding Segment with the Launch of Hill & Glade
Mumbai, Maharashtra, India (NewsVoir) Birla Century’s home division is set to enrich the Indian textile market with the launch of Hill & Glade, it’s flagship brand catering to the home bedding segment. Already part of the globally recognized brand, Hill & Glade by Birla Century will provide a plethora of choices in both colour and [...]
Auto major Maruti Suzuki’s share price plunged 6%; Analysts set targets
Automobile major Maruti Suzuki’s share price plunged 16.80% in the last five days. It was trading at ₹6758.55 on Monday’s early trade.Vinkesh Gulati, President of the Federation of Automobile Dealers Associations (FADA), believes that the Russia Ukraine conflict could have a negative impact on semiconductor output.The company reported a consolidated total income of ₹23581.20 crores, [...]
Jindal School of Government & Public Policy Signs MoU with Australia’s Macquarie University to Expand Student Mobility
7 March 2022, Sonipat: In an increasingly globalised world, the Jindal School of Government and Public Policy (JSGP) of O.P. Jindal Global University (JGU) has created international mobility opportunities for its students to study alongside international students both in India and abroad. With this vision in mind, JSGP of JGU has created the opportunity for [...]
TVS Motor launches 125cc bike Raider in Bangladesh
New Delhi, Mar 7 (PTI) TVS Motor Company on Monday said it has launched its 125-cc bike Raider in Bangladesh. The bike comes with various features such as an LCD digital speedometer, 3V i-Touch Start, animalistic LED headlamp and under-seat storage. "There is a growing demand for aspirational personal mobility options in the country. For [...]
Skill-Lync ties up with Renault Nissan Tech to train professionals
New Delhi, Mar 7 (PTI) Education technology start-up Skill-Lync on Monday said it has partnered with Renault Nissan Technology & Business Centre India (RNTBCI) for training and up-skilling of professionals. The partnership will drive comprehensive talent transformation programmes and the two partners will launch co-branded programmes to build a talent pipeline for their future needs, [...]
NSE says indices updating normally now
The National Stock Exchange (NSE) on Monday said broadcast has resumed normally in Nifty and Bank Nifty indices after the prices had stopped updating in the two indices. In a statement, the NSE said broadcast has resumed normally in all indices. The Exchange had earlier said, "Trading in all segments is functioning normally. However, Nifty [...]
MUMBAI, MARCH 7 (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 76.21 77.71 76.15 77.88 EUR/INR 82.23 85.06 82.17 85.24 GBP/INR 100.06 103.25 99.98 103.46 JPY/INR 65.89 68.09 65.84 68.23 CHF/INR 82.12 85.17 82.06 85.35 AUD/INR 56.01 58.29 55.97 [...]
MUMBAI, MAR 7 (PTI) Money Market Operations as on MAR 4 2022.
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 6,139.38 1.11 0.02-5.35 I. Call Money 548.98 2.95 2.70-3.45 II. Triparty Repo 5,540.50 0.89 0.02-3.40 III. Market Repo 0.00 - IV. Repo in Corporate Bond 49.90 5.35 5.35-5.35 B. Term Segment I. Notice Money** 7,676.17 [...]
Zydus gets DCGI nod for drug to treat anaemia associated with chronic kidney disease
New Delhi, Mar 7 (PTI) Zydus Lifesciences on Monday said it has received an approval from the Drug Controller General of India (DCGI) for Oxemia (Desidustat), a first-of-its-kind oral treatment for anaemia associated with chronic kidney disease (CKD). The drug firm, formerly known as Cadila Healthcare, said it has received approval for its new drug [...]
Agritech startup Otipy raises USD 32 mn to expand business
New Delhi, Mar 7 (PTI) Agri-tech startup Otipy, which mainly sells fresh vegetables and fruits through its mobile app, has raised USD 32 million (Rs 235 crore) from investors including Westbridge Capital to grow its business. In the series B funding round, existing investors SIG and Omidyar Network India also participated. In July last year, [...]
Demonstration of a V2X System for the prioritization of Public Transportation Vehicles (Buses) on Bus Rapid Transport System corridor in Ahmedabad, INDIA
AHMEDABAD, India, March 7, 2022 /PRNewswire/ -- In January 2022, Zero-Sum ITS Solutions India Private Limited, with approval from Ahmedabad Janmarg Ltd, a special purpose vehicle of the Ahmedabad Municipal Corporation in INDIA, conducted a demonstration experiment showcasing a public transportation vehicle priority system. The project was supported by the Ministry of Internal Affairs and [...]
Curated Living Solutions plans to set up USD 200-mn fund to build co-living centres
New Delhi, Mar 7 (PTI) Co-living operator Curated Living Solutions, which is part of realty firm DivyaSree group, plans to set up a USD 200-million fund to develop rented homes for students, industrial workers and working professionals across major cities as part of its expansion plan. The company currently has 7,500 beds operational at its [...]
Asynchronous voice-based social platform Swell launches 3.0 version upgrade, introduces auto text snippets for ‘conversation browsing’
Swell 3.0 offers a redesigned interface for easy content discoverability and intuitive features for convenient usage in public spaces COIMBATORE, India, March 7, 2022 /PRNewswire/ -- Swell, the first asynchronous voice-based social platform that launched in India mid-last year, has rolled out its 3.0 version upgrade today. The upgrade witnesses a host of innovative feature [...]
JSW Energy signs PPA with Haryana Power Purchase Centre to supply 240 hydro power
New Delhi, Mar 7 (PTI) JSW Energy on Monday announced signing a power purchase agreement (PPA) with Haryana Power Purchase Centre (HPPC) for the supply of 240-megawatt hydro power. The agreement is valid for 35 years (with further extension at mutually agreed terms), and signed at a levelised ceiling tariff of Rs 4.50 per kWh [...]
Immense opportunities for wider India-US collaboration in health sector: Ambassador Sandhu
Washington, Mar 7 (PTI) The India-US cooperation has played a crucial role in containing the COVID-19 pandemic, New Delhi’s envoy here has said, underlining that there are immense opportunities for wider bilateral collaboration in the health sector and also to prepare for future public health threats.India’s Ambassador to the US, Taranjit Singh Sandhu, in an [...]
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Oil prices jump more than $10 a barrel, shares sink as US mulls calling for ban on imports of crude from Russia. AP VN VN
NEWSALERT
CBI arrests former NSE CEO Chitra Ramkrishna in co-location scam case: Officials. PTI ABS SMN SMN
No cargo movement for 2 days at Bengal-Bangladesh land border port due to agitation
Kolkata, Mar 6 (PTI) Bilateral trade at the Petrapole-Benapole land border port has come to a grinding halt for two days due to an agitation by Bangladeshi clearing and forwarding agents following cancellation of licence of two of them by the authorities concerned in the neighbouring country, officials said on Sunday.A meeting was held during [...]
PM to address webinar on Budget by Finance Ministry on Mar 8
New Delhi, Mar 6 (PTI) Prime Minister Narendra Modi will address a webinar on Tuesday on Budget 2022-23 with a focus on ways to accelerate the pace of growth, according to an official release. To facilitate efficient and speedy implementation of budget announcements, the Government of India is holding a series of webinars across various [...]
Bengal brickfield owners’ body sees closure of units if proposed GST hike implemented
Kolkata, Mar 6 (PTI) A body of brickfield owners in West Bengal has said the crisis-hit small scale rural cottage industry will see closure of many such units if a proposed hike in goods and services tax (GST) rates on sale of the construction material is implemented from April 1. Members of the Bengal Brickfield [...]
8 stocks to buy and hold for the next three months – ICICI Securities
With Russia’s invasion of Ukraine, prices of oil, natural gas and some metals soared as Russia is one of the major exporters. Apart from this, equity markets are volatile and there are concerns about economic growth. “The stabilisation of crude or relatively milder sanctions, in our view, will be the key driver for global equities [...]
MoS IT to attend India Global Forum event on Mar 7-8; to meet founders, CEOs of 30 unicorns
New Delhi, Mar 6 (PTI) Minister of State for Electronics and IT, Rajeev Chandrasekhar will be attending the India Global Forum (IGF) event at Bengaluru on March 7-8, an official statement said on Sunday. The Minister is slated to meet and interact with the founders and CEOs of 30 unicorns during the event. The IGF [...]
Braithwaite bets on domestic demand for wagons after Ukraine conflict hits export bid
Kolkata, Mar 6 (PTI) Braithwaite & Co Ltd is betting big on domestic demand for wagons after the Russia-Ukraine crisis has derailed its export negotiations for shipping out over 5,000 railway freight vehicles worth more than Rs 1,000 crore to war-torn Ukraine, an official said on Sunday. The PSU under the Ministry of Railways was [...]
Ezetap looks to increase revenue 5-fold to Rs 750 cr by 2024
New Delhi, Mar 6 (PTI) Financial technology provider Ezetap is targeting about five-fold growth in revenue to Rs 750 crore by 2024 driven by international expansion and increase in merchant base, a top official of the company said. Ezetap CEO and co-founder Byas Nambisan told PTI that the company is also looking to raise around [...]
PM Modi dedicates 150 electric buses for public transport in Pune
Pune, Mar 6 (PTI) Prime Minister Narendra Modi on Sunday dedicated a fleet of 150 electric buses, manufactured by Olectra Green, for public transport. Besides, Modi also inaugurated a state-of-the-art electric bus depot and charging station in the Baner locality of Pune during an event, the Hyderabad-based manufacturer of e-buses said in a statement. Olectra [...]
Ram Charan Company to supply chargers to Olympic gold medallist Usain Bolt’s EV venture
Mumbai, Mar 6 (PTI) Ram Charan Company, the Chennai-based renewable energy specialist with focus on sustainable R&D, has inked a partnership with Bolt Mobility, the electric mobility venture co-founded by eight-time Olympic gold medallist Usain Bolt. The US-based Bolt Mobility is into personal transportation with focus on small electric two-wheelers, and is committed to ensuring [...]
Lavender farming to witness major boom under ‘one district, one product’ initiative in JK’s Doda
Bhaderwah (J&K), Mar 6 (PTI) Considered as the birthplace of India's purple revolution, Jammu and Kashmir's Doda district is likely to witness a major boom in Lavender farming under the 'one district, one product' scheme with the government, army and various other institutions coming forward in a big way to boost its production. The central [...]
ISS Facility Services India aims to double revenue to Rs 2,500 cr by 2025; to hire 25,000 in 2 yrs
New Delhi, Mar 6 (PTI) ISS Facility Services India, a subsidiary of Denmark's ISS group, aims to double its revenue to more than Rs 2,500 crore by 2025 and plans to hire around 25,000 people over the next two years to grow its business. Denmark-based ISS is one of the leading workplace experience and facility [...]
Disinvestment proceeds to fall short of Revised Estimates for second time since 2014
New Delhi, Mar 6 (PTI) India will miss its revised disinvestment target for the second time in the past eight years by a wide margin, as the government may not be able to raise an expected over Rs 60,000 crore from the IPO of insurance behemoth LIC in 2021-22. Since the Modi government came to [...]
India suggests holding discussions at WTO on role of e-commerce during pandemic
New Delhi, Mar 6 (PTI) India has suggested to convene a meeting under the aegis of the World Trade Organization (WTO) to discuss the role of e-commerce during the time of the COVID-19 pandemic. According to a statement delivered by Ambassador of India to the WTO Brajendra Navnit at the General Council meeting held on [...]
Selling shares during talks to Panama Papers: The Saga of Cairn retro tax
New Delhi, Mar 6 (PTI) The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level [...]
India suggests holding discussions at WTO on role of e-commerce during pandemic
New Delhi, Mar 6 (PTI) India has suggested to convene a meeting under the aegis of the World Trade Organization (WTO) to discuss the role of e-commerce during the time of the COVID-19 pandemic. According to a statement delivered by Ambassador of India to the WTO Brajendra Navnit at the General Council meeting held on [...]
Awaiting govt, RBI guidelines on SWIFT transactions with Russian entities: PNB
New Delhi, Mar 6 (PTI) The country's second-largest bank Punjab National Bank (PNB) said it was awaiting advisory from the Finance Ministry and the Reserve Bank with regard to SWIFT-related transactions with Russian entities. In view of the ongoing war between Russia and Ukraine, several countries including the US, Canada and certain European nations have [...]
BBB launches programme for improving quality of PSU bank boards
New Delhi, Mar 6 (PTI) The Banks Board Bureau (BBB) has introduced a development programme for the management of public sector banks with a view to improving the quality of bank boards. The nine-month Directors' Development Programme (DDP) is designed for the directors of the PSBs and financial institutions with the key objective of enhancing [...]
Govt working on 14 critical coal-evacuation rail projects for faster transportation of fuel
New Delhi, Mar 6 (PTI) The government is planning to strengthen the rail infrastructure and has stressed on commissioning 14 critical coal-evacuation rail projects for faster transportation of fuel, as higher fuel prices is likely to put pressure on the railways for transportation of domestic coal. The projects include -- Tori-Shivpur Railway Line (on Deposit [...]
Awaiting govt, RBI guidelines on SWIFT transactions with Russian entities: PNB
New Delhi, Mar 6 (PTI) The country's second-largest bank Punjab National Bank (PNB) said it was awaiting advisory from the Finance Ministry and the Reserve Bank with regard to SWIFT-related transactions with Russian entities. In view of the ongoing war between Russia and Ukraine, several countries including the US, Canada and certain European nations have [...]
Govt working on 14 critical coal-evacuation rail projects for faster transportation of fuel
New Delhi, Mar 6 (PTI) The government is planning to strengthen the rail infrastructure and has stressed on commissioning 14 critical coal-evacuation rail projects for faster transportation of fuel, as higher fuel prices is likely to put pressure on the railways for transportation of domestic coal. The projects include -- Tori-Shivpur Railway Line (on Deposit [...]
Govt working on 14 critical coal-evacuation rail projects for faster transportation of fuel
New Delhi, Mar 6 (PTI) The government is planning to strengthen the rail infrastructure and has stressed on commissioning 14 critical coal-evacuation rail projects for faster transportation of fuel, as higher fuel prices is likely to put pressure on the railways for transportation of domestic coal. The projects include -- Tori-Shivpur Railway Line (on Deposit [...]
Govt working on 14 critical coal-evacuation rail projects for faster transportation of fuel
New Delhi, Mar 6 (PTI) The government is planning to strengthen the rail infrastructure and has stressed on commissioning 14 critical coal-evacuation rail projects for faster transportation of fuel, as higher fuel prices is likely to put pressure on the railways for transportation of domestic coal. The projects include -- Tori-Shivpur Railway Line (on Deposit [...]
Skoda set to play part in India green mobility space, mulls EV launch
New Delhi, Mar 6 (PTI) Czech carmaker Skoda is mulling to drive in electric vehicles in the Indian market as it expects the green mobility segment to pick up significantly in the country over the next few years, according to a senior company official. The automaker, which is witnessing a turnaround in its domestic business, [...]
Robust SUV line-up necessary to maintain dominance in PV segment: Maruti
New Delhi, Mar 6 (PTI) Maruti Suzuki India (MSI), the country's largest car maker, needs to bolster its presence in the fast-growing SUV segment in order to maintain its dominance in the domestic passenger vehicle segment going ahead, according to a senior company official. The automaker, whose market share in the 30-lakh-strong (volume) domestic passenger [...]
Costlier crude oil pushing up raw material prices: Jindal Steel & Power MD
New Delhi, Mar 6 (PTI) There is a need to control energy prices across the globe as rising crude oil rates, amid the Ukraine-Russia conflict, are making raw materials costlier for the steel industry, according to a top industry executive. On the ongoing conflict between the two countries, Jindal Steel and Power Ltd (JSPL) Managing [...]
Coal India arm BCCL’s output up by record 61% in Feb to 3.24 MT
Coal India's subsidiary BCCL has posted a record 61 per cent growth in its production to 3.24 million tonne (mt) in February this year over the corresponding month last fiscal, a company statement said. Bharat Coking Coal Ltd (BCCL), a Dhanbad-based subsidiary of the Maharatna public sector undertaking, also claimed that it registered the highest [...]
Could the Ukraine invasion spark a global financial crisis?
The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s war, western leaders announced some restrictive economic measures to target Russian financial institution and individuals. The sanctions include: removing some Russian banks from the Swift messaging system for international payments; freezing the assets of Russian companies [...]
NSE co-location case: Court denies anticipatory bail to Chitra Ramkrishna, pulls up CBI, SEBI
New Delhi, Mar 5 (PTI) In a significant development, a Delhi court on Saturday dismissed the pre-arrest bail plea of former CEO of National Stock Exchange Chitra Ramkrishna in the NSE co-location case, pulling up the CBI for inaction and being “lackadaisical” in the probe against the accused in the last four years. Special Judge [...]
TN minister rolls out new insurance scheme for construction labourers
Chennai, Mar 5 (PTI) A new insurance scheme for the welfare of over one lakh construction labourers and the Real Estate Vision 2030 set up by the Confederation of Real Estate Developers Association of India (CREDAI), was formally rolled out here on Saturday. The insurance scheme which would help the construction labourers was formally launched [...]
‘Afghanistan praises Indian quality wheat sent as aid; 3rd batch of shipment scheduled for Mar 8’
New Delhi, Mar 5 (PTI) Stating that Afghanistan has praised the quality of Indian wheat supplied to the trouble-torn country as part of its humanitarian aid, India on Saturday said it has already shipped 4,000 tonnes of the grain via the Pakistan border, and the third batch of shipment of 2,000 tonnes is scheduled for [...]
Govt proposes hike in 3rd-party motor insurance premium from next fiscal
New Delhi, Mar 5 (PTI) The Union Road Transport Ministry has proposed an increase in the third-party motor insurance premium for various categories of vehicles, which is likely to jack up insurance cost of car and two-wheelers from April 1. According to the proposed revised rates, private cars with 1,000 cubic capacity (cc) will attract rates of [...]
Jaypee Infratech insolvency: NCLT to hear Suraksha group resolution plan on March 7, 9
New Delhi, Mar 5 (PTI) The National Company Law Tribunal (NCLT) will hear on March 7 and March 9 matters related to approval of the Suraksha group's bid to acquire debt-ridden realty firm Jaypee Infratech Ltd. In a regulatory filing, Jaypee Infratech Ltd (JIL) said the listing of matter of resolution plan, along with related [...]
21 Indian sailors stuck at Mykolaiv port in war-hit Ukraine
Mumbai, Mar 5 (PTI) As many as 21 Indian sailors on board a merchant ship are stuck for quite some time at the Port of Mykolaiv in war-hit Ukraine but all of them are “safe” and in "regular contact" with their families and the ship manning agency, according to the agency founder and CEO Sanjay Prashar. [...]
HDIL insolvency: Financial creditors to meet on March 9-10
New Delhi, Mar 5 (PTI) Financial creditors of HDIL will meet on March 9-10 to discuss bids for acquiring the crisis-hit realty firm through insolvency proceedings. In a regulatory filing on Saturday, HDIL's Resolution Professional Abhay N Manudhane informed that the "Twenty-Third meeting of Committee of Creditors will be held on 9th March 2022 and [...]
Hatsun Agro plans to sell assets of ready-to-eat business
New Delhi, Mar 5 (PTI) Hatsun Agro Product Ltd on Saturday said its board will meet on March 9 to consider a proposal to sell assets of the company's ready-to-eat business. In a regulatory filing, the company said its board of directors will be held on March 9 to consider and approve the proposal for [...]
China cuts GDP growth to 5.5% to target slower growth amid headwinds
Beijing, Mar 5 (PTI) China on Saturday cut its GDP target to 5.5 per cent to focus on slower growth to stabilise its economic fundamentals this year, as the world's second-largest economy beefed up supportive measures to shore up growth against strong headwinds.In his annual work report submitted to the opening session of the National [...]
Hiring will not be impacted by any new coronavirus variant: Survey
Mumbai, Mar 5 (PTI) As the country is recovering from the pandemic, a majority of C-Suite executives and employees (73 per cent) across sectors feel hiring will not be adversely impacted due to any new wave of COVID-19, according to a survey. As COVID-19 cases continue to decline across the country, 73 per cent respondents [...]
China hikes defence budget by 7.1 per cent to USD 230 billion
Beijing, Mar 5 (PTI) China on Saturday hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year's USD 209 billion, three times that of India’s military spending. The Chinese government has proposed the defence budget for the fiscal year 2022 at 1.45 trillion yuan (USD 230 billion), a 7.1 [...]
Geological Survey DG calls for officers to work tirelessly for making India self-reliant in minerals
New Delhi, Mar 5 (PTI) Geological Survey of India Director-General Rajendra Singh Garkhal has called for young officers to make use of the modern technologies for carrying out explorations and other geo-scientific activities and work tirelessly to make the nation self-reliant in the mineral sector. Garkhal underlined the strides made by the Geological Survey of [...]
BSE joins hands with Tamil Nadu govt’s M-TIPB to promote listing of MSMEs
New Delhi, Mar 5 (PTI) Stock exchange BSE on Saturday announced its collaboration with the MSME Trade and Investment Promotion Bureau (M-TIPB), Government of Tamil Nadu, for promoting awareness among micro, small and medium enterprises (MSMEs) of the state about the benefits of listing. Through this association, M-TIPB will provide support in mobilising the SME [...]
NSE co-location case: Court denies anticipatory bail to Chitra Ramkrishna, pulls up CBI
A Delhi court on Saturday denied anticipatory bail to the former chief executive officer of National Stock Exchange (NSE), Chitra Ramkrishna, in the NSE co-location case and disapproved of the CBI's "lackadaisical" conduct, saying no action seems to have been taken against the main scam beneficiaries for last four year. Special Judge Sanjeev Aggarwal observed [...]
Emami acquires 19% stake in D2C nutrition firm Tru Native F&B
New Delhi, Mar 5 (PTI) Kolkata-based FMCG major Emami Ltd on Saturday said it has acquired 19 per cent equity stake in direct-to-consumer (D2C) nutrition firm Tru Native F&B Pvt Ltd. Tru Native F&B markets nutrition products under the brand TruNativ, targetted at health and fitness enthusiasts. Emami did not reveal financial details of the [...]
Mother Dairy to hike milk prices by Rs 2 per litre in Delhi-NCR from Sunday
Mother Dairy will increase milk prices by Rs 2 per litre in Delhi-NCR with effect from tomorrow Prices of toned milk will increase to Rs 49, while double toned milk will rise to Rs 43 per litre Amul & Dairy firm Parag Milk Foods Ltd has also raised the price of the Gowardhan brand of [...]
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Mother Dairy to hike milk prices by Rs 2 per litre in Delhi-NCR from Sunday. PTI MJH DRR DRR
Chitkara University Secures Approval of PFAS Project from Government
Chandigarh | Himachal Pradesh, India (NewsVoir) Chitkara University has secured approval and received research funding for its project that will estimate the presence of human-made chemicals in rivers and ground/drinking water in Himachal Pradesh. The grant, which is worth Rs. 47 lakhs, was sanctioned under the Core Research Grant Scheme (CRG), Science and Engineering Research [...]
China hikes defence budget by 7.1 per cent to USD 230 billion
Beijing, Mar 5 (PTI) China on Saturday hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year's USD 209 billion, three times that of India’s military spending.The Chinese government has proposed the defence budget for the fiscal year 2022 at 1.45 trillion yuan (USD 230 billion), a 7.1 per [...]
Joint study on India-Bangladesh trade pact to be finalised soon: Comm min
New Delhi, Mar 5 (PTI) India and Bangladesh will soon finalise a joint study on the prospects of entering into a bilateral free trade agreement, which aims at further strengthening economic ties between the countries, the commerce ministry said on Saturday. The issue was discussed during a meeting between Commerce Secretary BVR Subrahmanyam and Bangladesh's [...]
Sri Ramakrishna Hospital Opens Its Doors for Advanced Vertigo Treatment with NeuroEquilibrium in Coimbatore
Coimbatore, Tamil Nadu, India – Business Wire India Sri Ramakrishna Hospital, in collaboration with NeuroEquilibrium, launched Coimbatore's first super-speciality dizziness and vertigo diagnosis and treatment center on 4th March 2022. This center will house cutting edge vertigo diagnostic systems and provide specialized rehabilitation therapies for patients affected by balance disorders. This center was inaugurated by [...]
Sunny Leoneis ready to set the screen on fire with her action sequence in Vikram Bhatt’s Anamika
One of the most-awaited female centric spy thrillers - Anamika will stream for free MX Player starting 10th March Sunny Leone is back with a bangin the digital ecosystem with another captivating performance in and as Anamika - an edgy, engrossing, and entertaining spy thriller. Directed by Vikram Bhatt, the series highlights the chase of [...]
This PSU multibagger stock can give up to 40% returns in the near term, says analyst
Recently the compnay got approvals to mine up to a depth of 135 meters from its earlier approved depth of 94 meters from the Tadekeshwar lignite mines of the Surat District.The lignite miner reported an increase in mining volumes and had a strong turnaround in the December quarter Amid volatility in Friday’s market, shares of [...]
Intertek Acucert Is First Lab in India Accredited to ISO/IEC 17025:2017
Demonstrates technical competence to produce valid and reliable test results Mumbai, Maharashtra, India – Business Wire India Intertek, a Total Quality Assurance provider to industries worldwide, is pleased to announce that Acucert, its cybersecurity testing lab, in Mumbai has successfully completed accreditation in accordance with the ISO/IEC 17025:2017 standard by the National Accreditation Board for [...]
Graduation fervor and campus relaunch celebrations at Pearl Academy Mumbai
MUMBAI, India, March 5, 2022 /PRNewswire/ -- Pearl Academy Mumbai organized convocation ceremonies for the graduating batches of 2021 and 2020. It was a huge milestone for the students as they celebrated their graduation and the beginning of a new inning. Chief guests for the convocation ceremonies were business leaders Aashish Shah, Co-founder and COO, [...]
China hikes defence budget to USD 230 billion
Beijing, Mar 5 (PTI) China on Saturday hiked its annual defence budget by 7.1 per cent to USD 230 billion from last year’s USD 209 billion.The Chinese government has proposed the defence budget for the fiscal year 2022 at 1.45 trillion yuan (USD 230 billion), a 7.1 per cent year on year increase, state-run China [...]
China lowers GDP target for 2022 to 5.5 per cent
Beijing, Mar 5 (PTI) China on Saturday lowered its GDP target to 5.5 per cent for this year bringing it down from last year's 6.1 per cent.The new target for the second-largest economy was announced by Premier Li Keqiang in his work report presented to the National People’s Congress (NPC), the country’s Parliament which opened [...]
DPIIT extends scheme for footwear, leather sector until FY26
New Delhi, Mar 4 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) has notified continuation of a central sector scheme - Indian Footwear and Leather Development Programme (IFLDP) - with an approved expenditure of Rs 1,700 crore till March 31, 2026. The department will also constitute an empowered committee, a steering committee [...]
RIL opens India’s largest convention centre at Jio World Centre with 5G network
New Delhi, Mar 4 (PTI) Oil-to-telecom conglomerate Reliance Industries on Friday announced the opening of India's largest convention centre at Jio World Centre in Mumbai. The convention centre has three exhibition halls spanning over an area of more than 1.61 lakh square feet and two convention halls of 1.07 lakh square feet. The convention centre [...]
‘Need new biz model to ensure public-private players’ role in coal gasification’
New Delhi, Mar 4 (PTI) A suitable business model will ensure both public and private sectors' participation in setting up of coal gasification plants in the country, a senior government official said on Friday. Addressing a webinar organised by the coal ministry, Coal Secretary Anil Kumar Jain stressed on a suitable business model so that [...]
Rebel Foods expects to double revenue this year at Rs 800 cr
Mumbai, Mar 4 (PTI) Goldman and Sequoia-backed Rebel Foods, which claims to be the largest cloud kitchen with over 4,500 stores, is expecting to double its revenue to about Rs 800 crore in the current fiscal and expand overseas presence by entering more markets in Southeast Asia, Middle East & Northern Africa and the European [...]
Maharashtra’s revenue from property registrations to hit new high in FY22: Report
Mumbai, Mar 4 (PTI) Maharashtra's revenue from residential property registrations in FY22 is set to surpass its all-time high as the pace of buying properties is going up in the last two months, a realty consultant said on Friday. The additional surcharge of 1 per cent on property registrations from April 1, 2022 is making [...]
Skye Air Mobility begins drone delivery trials for diagnostic sample collection
Mumbai, Mar 4 (PTI) Skye Air Mobility has started its 10-day trial of deliveries through drones in Noida, Greater Noida and Meerut for diagnostic sample collection as part of its partnership with Redcliffe Labs. On the first day of the trials at Noida, six flights were operated for sample collection, the drone delivery services provider [...]
Poonawalla Fincorp CEO Vijay Deshwal steps down; to take up new role in Cyrus Poonawalla Group
New Delhi, Mar 4 (PTI) Poonawalla Fincorp Limited on Friday said its CEO Vijay Deshwal has stepped down to take up another role in Cyrus Poonawalla Group. "Vijay Deshwal, Chief Executive Officer (CEO) of the company has decided to take up the strategic role within the Cyrus Poonawalla Group where he will spearhead emerging investment [...]
Vodafone to infuse Rs 3,375 crore in VIL, Company proposed raising funds worth Rs 14,200 crore.
Promoter Vodafone plans to infuse up to Rs 3,375 crore into debt-ridden Vodafone Idea Ltd as part of the company's proposed raising of funds worth Rs 14,200 crore. Besides Vodafone, Aditya Birla Group plans to pump in up to Rs 1,125 crore, according to a regulatory filing on Friday. The telecom operator will seek shareholders' [...]
Plan for railways asset monetisation didn’t attract investors, govt looking at it afresh: Kant
New Delhi, Mar 4 (PTI) The government's plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh, NITI Aayog CEO Amitabh Kant said on Friday. Kant said the private sector will come to [...]
Hari Shyamsunder to take over as CEO of Navi AMC
New Delhi, Mar 4 (PTI) Sachin Bansal-backed Navi Mutual Fund on Friday announced that its fund manager Hari Shyamsunder will take charge as the Chief Executive Officer (CEO). This is subject to the requisite corporate approvals being obtained, Navi Mutual Fund said in a statement. He will take over from Saurabh Jain, who resigned from [...]
Singapore extends vaccinated travel lane for all Indian flights
Mumbai, Mar 4 (PTI) Singapore on Friday said it has extended the vaccinated travel lane for flights from all Indian cities. Under the Vaccinated Travel Lane (VTL), eligible travellers are allowed into Singapore without quarantine requirement. Earlier, the service, launched on November 29, 2021, was applicable only for flights from Delhi, Mumbai and Chennai. Now, [...]
PNB Housing Finance board to take call on fundraising on Mar 9
New Delhi, Mar 4 (PTI) Mortgage lender PNB Housing Finance's board would take a call on raising capital, including through rights issue, next week after a failed attempt to garner Rs 4,000 crore by selling stake to Carlyle Group last year. A meeting of the Board of Directors of PNB Housing Finance Limited is scheduled [...]
CCI orders probe against Star India for alleged abuse of dominant position
New Delhi, Mar 4 (PTI) The Competition Commission has directed its investigation arm to initiate a probe into alleged abuse of dominant position by Star India Pvt Ltd. The order came on a complaint filed by Asianet Digital Network (P) Ltd against Star India, Disney Broadcasting (India) Ltd and Asianet Star Communications Pvt Ltd. According [...]
ArcelorMittal halts production at Kryvyi Rih in Ukraine
New Delhi, Mar 4 (PT) Global steel giant ArcelorMittal has stopped production at its Kryvyi Rih facility in Ukraine amid the ongoing conflict between the eastern European country and Russia. In a statement, ArcelorMittal, which is owned by Indian-origin industrialist Lakshmi N Mittal, said "the decision to idle its steelmaking operations in Kryvyi Rih, Ukraine [...]
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