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Smallcap stock jumps 8% after company forays into chemical business
The Shares of this small-cap company, which manufactures, building blocks and AAC bricks surged nearly 8 percent in the day’s trade on plans to manufacture construction chemicals. Share price variations: With a market capitalization of Rs. 2,021.84 crores, BigBloc Construction Ltd. rose to an intraday high of Rs. 145.85 representing a 7.93 percent increase from [...]
Financially strong stock to buy now for an upside of 45%; Are you holding it?
The Auto Components & Equipment industry in India is a vital sector contributing 2.3% to the nation's GDP and employing over 1.5 million people. In FY 2022-23, the industry achieved a record turnover of ₹5.6 lakh crore (approximately $69.7 billion), reflecting a growth of 33%. Projections indicate it could reach $200 billion by 2026. With [...]
Stock jumps after announcing JV for manufacturing semiconductor substrates PCBs
During Tuesday’s trading session, the shares of this leading room air conditioner manufacturer surged 1.4 percent to Rs. 5,217.2 on BSE, after the company announced a joint venture (JV) with Korea Circuit for manufacturing Printed Circuit Boards (PCBs) in India. With a market cap of Rs. 17,512.8 crores, the shares of Amber Enterprises India Limited [...]
Defence stock jumps 5% after receiving arms license for manufacturing defence equipments
Defence stock engaged in designing, developing, manufacturing, and testing a variety of defence and space engineering products jumped upto 5 percent in the day’s trade upon receiving a Licence under the Arms Act, for indigenous production, and upgradation of Defence weapon and guard systems. Price Action With a market capitalization of Rs. 4,354 Crores, the [...]
Reliance group stock hits 5% upper circuit after reporting 115% YoY increase in net profits
The shares of the leading solar EPC solution provider hit 5 percent upper circuit after the company’s net profit and revenue surged by 77 percent QoQ and 36 percent in Q2FY25. Sterling and Wilson Renewable Energy Ltd has a market capitalization of Rs 13,606.96 crore, the shares were trading at Rs 583.00 per share, increasing [...]
Power stock jumps 6% after receiving order worth ₹142 Cr for gas engine generators
The Shares of this small-cap company, which manufactures AC generators and electric motors, surged over 6 percent after securing two orders totaling Rs. 142 crore for gas engine generators. Share price variations: With a market capitalization of Rs. 6,382.44 crores, TD Power Systems Ltd. rose to an intraday high of Rs. 409.80 representing a 6.19 [...]
Textile stock hits 20% upper circuit after signing agreement with PUMA
During Tuesday’s trading session, the shares of a company in the business of manufacturing and trading readymade garments hit a 20 percent upper circuit at Rs. 129.97 on BSE, after the company announced signing an agreement with Puma Sports Private Limited. With a market cap of Rs. 190 crores, at 01:57 p.m., the shares of [...]
Stock under ₹20 hits 2% upper circuit after receiving ₹310 Mil order from Reliance Industries
During Tuesday’s trading session, the shares of a company in the business of development and operation of mines and minerals hit a 2 percent upper circuit at Rs. 14.38 on BSE, after the company announced receiving an order worth Rs. 310 million from Reliance Industries. With a market cap of Rs. 230.3 crores, the shares [...]
Railway stock jumps after receiving order worth ₹867 Cr for high speed trainsets
Railway stock engaged in manufacturing and supplying a wide range of heavy earthmoving equipments, railway coaches, and many more for Defence, Railways, Mining, and others in focus upon receiving work order worth Rs. 867 Crores for providing two high-speed trainsets. Price Action With a market capitalization of Rs. 15,672 Crores, the shares of BEML Limited [...]
Infra stock jumps 6% after receiving order worth ₹39 Cr from NALCO
During Tuesday’s trading session, the shares of a company engaged in the business of EPC services surged nearly 6.5 percent to Rs. 184.9 on BSE, after the company received an order worth Rs. 39.63 crores from National Aluminium Company Limited (NALCO). With a market cap of Rs. 271.8 crores, at 11:41 a.m., the shares of [...]
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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
Industry assures govt of smooth cooking oil supplies for next 2 months: Sources
New Delhi, Mar 4 (PTI) The edible oil industry has assured the government that it will ensure smooth supply of sunflower and other cooking oils for the next two months, amid concerns over possible disruption in supplies due to the Russia-Ukraine war, sources said on Friday. India imports a large quantity of sunflower oil from [...]
India, Mexico to take their trade relationship to a new level : Envoy
Kolkata, Mar 4 (PTI) The Ambassador of Mexico to India, Federico Salas Lotfe on Friday said that the association between India and Mexico is more than a decade old and the two countries intend to take their trade relationship to a new level after the pandemic, during which everything came to a halt. Lotfe said [...]
No new tax in Himachal budget, age limit for old-age pension at 60yrs
Shimla, Mar 4 (PTI) Himachal Pradesh Chief Minister Jai Ram Thakur announced no new tax proposal and increased the old-age pension to Rs 1,500 per month while bringing down the age limit to 60 years in the Rs 51,365-crore budget for 2022-23 presented in the Assembly on Friday. The budget focuses on social security and [...]
Finmin asks ministries to surrender savings by Mar 21
New Delhi, Mar 4 (PTI) The finance ministry has asked departments and ministries to surrender savings, if any, for the current financial year 2021-22 by March 21. An office memorandum issued by the Budget Division of the Ministry of Finance informed all departments and ministries that the last date for accepting the surrender of savings [...]
More than-a-third of JNPT permanent workers avail special VRS, says port
Mumbai, Mar 4 (PTI) Country's premier container port JNPT on Friday said more than-a-third of its total 1,337 permanent employees have availed the Special Voluntary Retirement Scheme (SVRS), which was rolled out last year. Employees opting for retirement under the scheme were given a comprehensive ex-gratia package along with several other terminal benefits such as [...]
Canara Bank raises Rs 1,000 cr via bonds
New Delhi, Mar 4 (PTI) State-owned Canara Bank on Friday said it has raised Rs 1,000 crore by issuing Basel-III compliant additional tier I bonds. The bonds carry coupon rate of 8.07 per cent per annum. The issue received overwhelming response from investors, with bids for more than Rs 3,133 crore against a base issue [...]
NTPC to begin commercial operation of 74 MW capacity at Fatehgarh solar project from midnight
New Delhi, Mar 4 (PTI) State-owned NTPC Limited on Friday said it will start commercial operations of 74.88 megawatt capacity (MW) of its 296 MW Fatehgarh solar project in Rajasthan from midnight. With this, the commercial capacity of NTPC and NTPC Group will reach 54,452.18 MW and 67,907.18 MW respectively, the power giant said in [...]
SWAMIH fund to help complete 12,000 flats annually in stalled projects for next 2-3 yrs
New Delhi, Mar 4 (PTI) SBICAP Ventures, which is managing the government-backed Rs 25,000 crore stress fund for the realty sector, is targeting to complete and deliver 12,000 flats annually across many stalled projects over the next three years, a senior company official said on Friday. In November 2020, the Centre had announced a Rs [...]
SIA Group to operate all India-Singapore flights as vaccinated travel lane services
Mumbai, Mar 4 (PTI) Singapore Airlines (SIA) Group on Friday announced converting all its flights from India to Singapore into vaccinated travel lane services from March 16. Under the Vaccinated Travel Lane (VTL), eligible travellers will be allowed into Singapore without quarantine requirement. SIA Group's move comes after the Singapore government decided to expand its [...]
LIC IPO: Government to take call in best interest of investors, says official
The government will take a call on the IPO of the country's largest insurer LIC in the "best interest of the investors", a senior official said on Friday as it is closely watching the market amid volatility caused by the Russia-Ukraine war. DIPAM Secretary Tuhin Kanta Pandey said that while the government's desire is to [...]
Celebrities Dazzle in Platinum Jewellery at the 28th Annual Screen Actors Guild Awards
Statement Earrings were Popular on the Red Carpet Mumbai, Maharashtra, India (NewsVoir) Nominees and presenters dazzled in platinum jewellery designs at the 28th Annual Screen Actors Guild Awards. Platinum, the naturally white setting that truly enhances the brilliance of diamonds and colored gemstones, perfectly complemented the couture gowns and added timeless Hollywood glamour. The most [...]
Hyderabad’s Hotel Management Students Get a Robust Start with Lucrative Job Placements in Leading Star Properties
Out of the total 410 students, 3 have been selected for a Star Property in Turkey Hyderabad, Telangana, India (NewsVoir) Hyderabad based Chennais Amirta International Institute of Hotel Management (CAIIHM) a premier hospitality education institution of South India that has been grooming future leaders in the hospitality industry conducted a mega campus recruitment drive at [...]
Data protection bill will significantly degrade India’s business environment & FDI inflows, say global industry bodies
Implementation of the proposed Data Protection Bill, as recommended by a Parliamentary panel, will significantly degrade India's business environment and reduce foreign investment inflows, a dozen global industry bodies have said in a joint letter to the government. The industry associations have sought wider consultations with stakeholders before the bill is introduced in Parliament. The [...]
Admissions Open for Undergraduate Research Programs at Shoolini University
Class XII students can become professional scientists, academicians, and entrepreneurs through highly competitive & elite Summit Research Program SOLAN, India, March 4, 2022 /PRNewswire/ -- India's top research-based Shoolini University has started accepting applications for its highly competitive Summit Research Program (SRP) for the academic year starting 2022. Undergraduate students can pursue research in emerging [...]
MUMBAI, MARCH 4
(PTI) MUMBAI BULLION :- OPENING CLOSEING SILVER SPOT (IN RS PER KILO): 67743.00 67931.00 STANDARD GOLD (99.5) : 51482.00 51577.00 PURE GOLD (99.9) : 51689.00 51784.00 -------------- PTI MUM SSB SSB
Ayurvedic Medicine more Effective in Diabetes Management, Reveals Study by Chitkara University
Chandigarh, Punjab, India (NewsVoir) In a recent study conducted by Chitkara University, Punjab, it was found that Ayurvedic medicine is highly effective in treating diabetes and is a better treatment option. The research, published in the latest edition of Serbian Journal of Experimental and Clinical Research, revealed that Ayurvedic medicine would not just reduce diabetes [...]
Number of women fund managers marginally rise in India’s asset mgmt industry: Report
New Delhi, Mar 4 (PTI) The number of women fund managers have increased marginally even though they account for only 8 per cent of the total number of fund managers in country's asset management industry, a report by Morningstar showed on Friday. Of the 399 fund managers, the number of women fund managers stood at [...]
Fundamentally strong stock slumps 12% amid increasing cost worries
Shares of HUL slumped 5.17% today to touch their 52-week lows at ₹1983.55 apiece. It posted a 16.76% rise in standalone net profit to ₹2,243 crores in Q3FY22, i.e., the October to December quarter.In Feb 2022, HUL hiked the prices of its products by anywhere between 3% to 13% in multiple tranches in February 2022. Shares [...]
ISKCON Bhiwandi has been Distributing Free Food Daily for the Last 2 years
ISKCON Bhiwandi is running a daily Annadaan Programme since the day 1 of the Pandemic. MUMBAI, India, March 4, 2022 /PRNewswire/ -- As part of its 'Food For Life' initiative, ISKCON Bhiwandi has been distributing 1000 free meals every day, since March 2020, to the migrant workers and daily wage labourers in Bhiwandi, who make [...]
Investors’ wealth slumps over Rs 5.59 lakh cr in three days of market fall
Investors' wealth tumbled more than Rs 5.59 lakh crore in three days of market fall as sentiments remained muted amid the Russia-Ukraine conflict and its impact on the global economy. Continuing its decline for the third day on Friday, the BSE gauge plummeted 1,214.96 points or 2.20 per cent to 53,887.72 during the day. It [...]
#OwnTheNew with Tata CLiQ Luxury at The Luxe Life 2
Mumbai, Maharashtra, India – Business Wire India • The second edition of The Luxe Life, scheduled from March 11–15, celebrates fashion, art, and design through a five-day virtual film and shopping festival • The event will be held on Tata CLiQ Luxury website and app Tata CLiQ Luxury, India’s premier luxury lifestyle platform, announces ‘The [...]
Markets retreat for third day as Ukraine war drags on; post weekly losses
Mumbai, Mar 4 (PTI) The Sensex and Nifty lurched lower for the third day running on Friday, in lockstep with global equities, as risk-off sentiment prevailed amid Russia stepping up its military offensive against Ukraine. A depreciating rupee, elevated oil prices and heavy selling by foreign investors also contributed to the decline, traders said. The [...]
Coca-Cola India Ramps up Focus on Digital Transformation, Sponsors First-of-Its-Kind Metaverse Wedding in India
New Delhi, Delhi, India: Business Wire India The Coca-Cola Company has increasingly been focusing on digital transformation initiatives at a global scale. Last year, the Company launched its inaugural collection of Coca-Cola NFTs reimagined some of the brand’s iconic assets for the metaverse—with dynamic motion, movement, and multisensorial elements—inspired by shared moments of friendship. Auctioned [...]
APEDA to formulate strategy to promote export of natural farming products
New Delhi, Mar 4 (PTI) The commerce ministry's arm APEDA on Friday said it is in the process of formulating a strategy to promote export of natural farming products, which holds huge potential in the global markets. The Agricultural and Processed Food Products Export Development Authority (APEDA) is in consultation with the Ministry of Agriculture [...]
Ninjacart launches USD 25-mn agri seed fund
Mumbai, Mar 4 (PTI) Agri-platform lending platform Ninjacart on Friday said it has launched a USD 25-million agri seed fund to support emerging and new-age start-ups in the agriculture sector. To boost tech innovation and accelerate disruption, Ninjacart will make seed investments in start-ups, entrepreneurs and tech innovators who present sustainable and tech-enabled solutions, the [...]
Steel prices jump up to Rs 5,000 per tonne as supply chains hit amid Russia-Ukraine conflict
Domestic steel makers have hiked the prices of hot-rolled coil (HRC) and TMT bars by up to Rs 5,000 per tonne as supply chain is being impacted amid ongoing Russia-Ukraine conflict. According to industry sources, the prices have been increased in the past few days and are expected to go up further in the coming [...]
Max Life Insurance Donates 8500 COVID Care Kits to Gurugram Police Department, Ensures Frontline Protection for the Entire Police Workforce in the City
Gurugram | New Delhi, India (NewsVoir) • Donation is a part of the PEHAL initiative to support the fight against the COVID-19 pandemic • Max Life has earlier supported the cause with donations including COVID Safety Kits, Food Supplies, and others Max Life Insurance Company Ltd. (“Max Life” / “Company”) in line with its commitment [...]
Aster Labs Expanding Its Stronghold in India
India – Business Wire India • Currently operates 12 labs and 80 patient experience centres • A total of 17 labs will be operational across the country by March-2022 Aster Labs, the diagnostic wing of Aster DM Healthcare, a leading healthcare service provider in the country, continues to expand its footprints in the country. The [...]
Auto engineer jobs witness 7% uptick in Feb: Report
Mumbai, Mar 4 (PTI) Hiring demand for automotive engineers grew eight per cent sequentially in February driven by an uptick in the electric vehicles (EV) market, according to a report. With the growth of the EV market in the past year, the automotive, ancillaries and tyres industry witnessed a seven per cent month-on-month growth in [...]
Edelweiss CEO to come out with success-mantra book
New Delhi, Mar 4 (PTI) Radhika Gupta, MD and CEO of Edelweiss MF, will provide some straight-talking advice on how to multiply chances to achieve success in her upcoming book."Limitless: The Power of Unlocking Your True Potential" draws on personal experiences of Gupta and other achievers to give tips on overcoming adversity and attaining success.Talking [...]
Monetary policy is an art of managing expectations, says RBI Governor
New Delhi, Mar 4 (PTI) Reserve Bank Governor Shaktikanta Das on Friday said "monetary policy is an art of managing expectations" as he emphasised the need for an effective communication strategy amid concerns over rising inflation fuelled by geopolitical developments. The conduct of monetary policy has undergone notable changes in India and across the world [...]
Foreign investment in Indian real estate jumps 3-fold to USD 23.9 bn during 2017-21: Report
Foreign capital flows into the Indian real estate jumped over three-fold to USD 23.9 billion during 2017-21 period as compared to the previous five years, according to Colliers-FICCI report. In its report 'Foreign investments in Indian real estate turn a corner', property consultant Colliers mentioned that the global investors have shown an increased inclination towards [...]
SPI, Adani Solar to promote solar energy usage in rural areas of 4 states
New Delhi, Mar 4 (PTI) Smart Power India (SPI) on Friday announced partnering with Adani Solar to encourage solar energy usage in rural areas of Uttar Pradesh, Bihar, Jharkhand and Odisha. While SPI is a subsidiary of the US-based The Rockefeller Foundation, Adani Solar is the solar photovoltaic manufacturing arm of Adani Group. In a [...]
BMW rolls out 1,00,000th Made-in-India car from TN manufacturing unit
German luxury car maker BMW has rolled out the 1,00,000th Made-in-India car manufactured at its facility at neighbouring Singaperumalkoil on Friday. A BMW Individual 740Li M Sport Edition received the special badge marking the milestone, a company statement said here. "It is a day of great joy and pride for us as the 1,00,000th Made [...]
BRICS bank put on hold all new transactions in Russia due to Ukraine crisis
Beijing, Mar 4 (PTI) The New Development Bank (NDB) of the BRICS bloc has put all new transactions in Russia on hold citing the "unfolding uncertainties and restrictions", amidst the Ukraine crisis.The NDB's move came a day after the Asian Infrastructure Investment Bank (AIIB) put on hold all its projects in Russia and its ally [...]
NSE joins hand with Telangana govt to fuel growth of MSMEs
New Delhi, Mar 4 (PTI) Leading stock exchange NSE on Friday said it has collaborated with the Telangana government to encourage and support the MSMEs (micro, small & medium enterprises) of the state for listing. As part of the pact, NSE with the support of the Telangana government will conduct awareness drive through seminars, camps, [...]
Cooperative Sector Key to Aatmanirbhar Bharat
Anand, Gujarat, India (NewsVoir) There is a need for developing a holistic understanding of the strengths and challenges faced by cooperatives in the country. This requires developing a pragmatic approach from the reasonable success seen in sectors such as milk, credit, and agriculture. Speaking at the opening session of the first National Multi-stakeholder Roundtable Consultation [...]
Himachal govt presents Rs 51,365-cr Budget for FY23 with special focus on social security
Shimla, Mar 4 (PTI) In the election year, the Himachal Pradesh government on Friday presented a Rs 51,365-crore Budget for the financial year 2022-23 against the 49,131-crore Budget in 2021-22. Chief Minister Jai Ram Thakur, who also holds the state's finance portfolio, presented the Budget 2022-23 that saw more focus on the poor and social [...]
Russia-Ukraine conflict to further worsen chip shortage: Report
The Russian-Ukraine war can hit the global supply chains that are already constrained due to the pandemic and the worst impact will be on ongoing chip shortage because the warring nations brutally control supplies of key raw materials that go into making semiconductors, warns a report. Since Russia controls as much as 44 per cent [...]
MUMBAI, MAR 4
(PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 802.00 COPPER HEAVY SCRAPS 790.00 COPPER ARMATURE (CREDIT) 768.00 COPPER UTENSILS SCRAP 700.00 CC ROD 854.00 BRASS :- BRASS SHEET CUTTING 565.00 BRASS UTENSIL SCRAP 515.00 BRASS HONEY 500.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 201.00 ALUMINIUM EXTRUSION SCRAP 243.00 ALUMINIUM INGOTS 300.00 OTHER : [...]
Crude oil futures decline on low demand
New Delhi, Mar 4 (PTI) Crude oil futures on Friday dropped 0.94 per cent to Rs 8,262 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for the March delivery fell by Rs 78 or 0.94 per cent to Rs 8,262 per barrel with a business volume [...]
Guar gum futures fall on low demand
New Delhi, Mar 4 (PTI) Guar gum prices on Friday fell by Rs 42 to Rs 10,848 per five quintals in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery fell by Rs 42 or 0.39 [...]
Guar seed futures decline on low demand
New Delhi, Mar 4 (PTI) Guar seed prices on Friday went down by Rs 9 to Rs 5,983 per 10 quintals in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery was trading at Rs 5,983 per 10 quintals, down by Rs 9 or 0.15 per cent with an [...]
Junio raises Rs 45 cr from NB Ventures, others
New Delhi, Mar 4 (PTI) Digital payments firm Junio has raised Rs 45 crore in a pre-series A funding round led by the UAE-based firm NB Ventures, the start-up said on Friday. The Rajiv Dadlani Group also participated in the funding round, the city-based company said, adding that it intends to utilise the freshly raised [...]
Teach For India Fellowship: A Chance to Make an Impact on the Future by Educating the Underserved Children
Final deadline to apply for the 2022 Teach For India Fellowship - 6th March 2022 New Delhi, Delhi, India (NewsVoir) Teach For India invites applications from India’s most promising and bright individuals for the Fellowship cohort of 2022. The Teach For India Fellowship is a nationwide movement that aims to eliminate educational inequity by placing [...]
Mahindra & Mahindra partners with CSC Grameen e-Store
New Delhi, Mar 4 (PTI) Mahindra & Mahindra Ltd on Friday said it has partnered with CSC Grameen eStore, a government of India initiative, to deepen connections with over 7 lakh villages in India. The partnership will harness CSC Grameen's digital platform to facilitate Mahindra vehicle enquiries and real-time online lead transfer to M&M from [...]
MUMBAI, MAR 4 (PTI)
OILS (per 10 Kgs) G.Nut Raw 1540.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. - Sunflower Exp.Ref. 1680.00 Cottonseed(Refined) 1570.00 Refined Palm Oil 1535.00 Soyabean Ref. 1590.00 Imp.Soyabean Crude - Rapeseed Ref. 1580.00 Rapeseed Exp. 1550.00 Copra white 1640.00 Rice Bran 4-7% FFA - Rice Bran 1420.00 Linseed 1900.00 Castor Comm. 1470.00 F.S.G. 1480.00 [...]
Steel prices jump up to Rs 5,000 per tonne as supply chains hit amid Russia-Ukraine conflict
New Delhi, Mar 4 (PTI) Domestic steel makers have hiked the prices of hot-rolled coil (HRC) and TMT bars by up to Rs 5,000 per tonne as supply chain is being impacted amid ongoing Russia-Ukraine conflict. According to industry sources, the prices have been increased in the past few days and are expected to go [...]
M&M signs pact with IIT Madras-incubated entity to launch campers in India
New Delhi, Mar 4 (PTI) Mahindra and Mahindra (M&M) on Friday said it has signed a pact with Campervan Factory, an IIT Madras-incubated research-based caravan manufacturing company, to launch campers in India. These well-equipped campers, based on the double-cab Bolero Camper Gold platform, will cater to the self-drive tourism segment that is gaining popularity in [...]
NSE begins hunt for MD, CEO; invites applications
New Delhi, Mar 4 (PTI) Leading stock exchange NSE, which is facing allegations of governance lapses, has started the hunt for a new managing director and chief executive officer as the five-year tenure of incumbent chief Vikram Limaye is ending in July.The exchange has invited applications from candidates having IPO (initial public offering) experience for [...]
Parle Agro ropes in actor Ram Charan as brand ambassador for Frooti
New Delhi, Mar 4 (PTI) Parle Agro on Friday said it has signed actor Ram Charan as a brand ambassador for its mango juice brand Frooti. Charan and Alia Bhatt, who is already a brand ambassador, will become the face for Frooti. The company is looking at an "action packed" summer of 2022, two years [...]
JAIN Online offers CIM accredited BBA and MBA programs in International Marketing
• Students can achieve Chartered Institute of Marketing (CIM) Associate Membership upon the completion of the course • The program offers a range of professionally recognized Marketing and Digital Marketing qualifications designed to develop core skills needed for modern marketers • A blend of marketing and management courses BENGALURU, India, March 4, 2022 /PRNewswire/ -- [...]
1,00,000th ‘Made-in-India’ Car Rolls-out of BMW Group Plant Chennai
Chennai, Tamil Nadu, India – Business Wire India Setting a new milestone in its India presence, BMW Group Plant Chennai has rolled out the 1,00,000th car locally produced in the country. A BMW Individual 740Li M Sport Edition has received this special badge. Mr. Thomas Dose, Managing Director, BMW Group Plant Chennai said, “It is [...]
CIL’s pithead coal may rise further by FY22-end; current stock at 43 MT
New Delhi, Mar 4 (PTI) State-owned CIL on Friday said the current coal stock of 43 million tonnes (MT) at its pithead is likely to increase further by the end of the current financial year and this will help the company gear up for meeting the coal demand of summer which is on the advent. [...]
Need nuanced, market-specific approach for implementing complex eco legislations: CCI chief
New Delhi, Mar 4 (PTI) Emphasising that market structure and shares do not provide a complete picture of competition, especially in new-age markets, CCI chief Ashok Kumar Gupta on Friday said application of complex economic legislations can be effective only when it is "nuanced and appropriately accounts for market specificity".Acknowledging that at times, there can [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, MARCH 04 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE ) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 75.30 76.80 75.24 76.96 GPBINR 82.49 85.34 82.43 85.50 POUND GBP/INR 99.85 103.08 99.77 103.28 JPY/INR 64.84 67.00 [...]
SHRIRAM AUTOMALL SUCCESSFULLY AUCTIONS OVER 7900 PRE-OWNED VEHICLES & OTHER ASSETS IN A SINGLE DAY PROCESSING TRANSACTIONS OVER INR 215 CRORE FROM OVER 14,500 LISTINGS
SAMIL Utsav, a one-of-its-kind phygital auction was celebrated by conducting 100+ Auctions in 100 cities across India • Over 14,500 vehicles & other assets were displayed for the auctions with over 30,000 customer footfalls registering from over 100 cities • Phygital (Physical plus Digital) Auctions facility empowered both buyers & sellers across India • Biggest [...]
MUMBAI, MAR 4 (PTI)
OPENING RATES SILVER SPOT (IN RS PER KILO): 67743.00 STANDARD GOLD (99.5) : 51482.00 PURE GOLD (99.9) : 51689.00 -------- CALCUTTA BULLION :- N/A.-------- PTI MUM SVC SVC SVC
GreenCell Mobility Kicks off 51st National Safety Week, Reinforces Workplace Safety, Health, and Environment Practices
Mumbai, Maharashtra, India (NewsVoir) GreenCell Mobility (GreenCell), incubated to be a leading pan-India shared electric mobility player, to mark the 51st National Safety Week began its safety campaign throughout its offices today. The organization will be hosting workshops and employee engagement exercises around safety throughout the week from 4th to 11th March 2022. The National [...]
Budget 2022: Himachal govt announces to reduce age limit for pension to 60 yrs; amount hiked
Shimla, Mar 4 (PTI) Presenting the Budget for 2022-23 in the state Assembly, Himachal Pradesh Chief Minister Jai Ram Thakur on Friday announced to increase monthly old-age pension amount from Rs 1,001 to Rs 1,500. Presenting his fifth and last budget of the current government, Thakur also announced to decrease the age limit from 70 [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, MAR 4 (PTI) Money Market Operations as on MAR 3 2022. (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 514,285.48 3.25 0.01-5.25 I. Call Money 8,376.20 3.28 2.20-3.55 II. Triparty Repo 376,714.30 3.25 3.00-3.32 III. Market Repo 129,145.08 3.26 0.01-3.40 IV. Repo [...]
Toonz Media Group partners with US’s Hearst Media Production Group
Thiruvananthapuram, Mar 4 (PTI): Technopark-based Toonz Media Group has announced a partnership with leading American production and distribution company Hearst Media Production Group to produce new animated productions. Hearst Media Production Group, a business unit of Hearst Television, is a producer and distributor of television programming with more than 30 series and hundreds of hours [...]
Budget 2022: Himachal govt announces to reduce age limit for pension from 70 yrs to 60 yrs
Shimla, Mar 4 (PTI) Presenting the Budget for 2022-23 in the state Assembly, Himachal Pradesh Chief Minister Jai Ram Thakur on Friday announced to increase monthly old-age pension amount from Rs 1,001 to Rs 1,500. Presenting his fifth and last budget of the current government, Thakur also announced to decrease the age limit from 70 [...]
NEWSALERT
Himachal CM hikes monthly old-age pension from Rs 1,001 to Rs 1,500 in budget 2022; lowers age limit for such pension from 70 yrs to 60 yrs. PTI DJI hrs BAL BAL
Asian Paint share tanks 15% in 3 days, is it the right time to buy?
Asian Paint Limited’s shares witnessed heavy selling pressure and were down 6.37% at ₹2,691.35 on Friday’s intra-day trade.One of the major reasons for the selling pressure is the rise in crude oil prices due to the Russia-Ukraine conflict. Most of the Middle East and specific challenges like civil unrest in Ethiopia and forex crisis in Sri [...]
Shrenik Ghodawat conferred with Entrepreneur 35 Under 35 award
KOLHAPUR, India, March 4, 2022 /PRNewswire/ -- Shrenik Ghodawat, Managing Director – Ghodawat Consumer Ltd (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG), was recently conferred with the Entrepreneur 35 Under 35 award for achieving a historic revenue milestone of INR 1,000 crores at the end of FY21, and for being the driving force [...]
Huhtamaki India Awarded for Excellence in Packaging at ET Polymers Excellence Award 2022
Mumbai, Maharashtra, India – Business Wire India Huhtamaki India Ltd, a leading provider of primary consumer packaging and decorative labelling solutions in India – and part of Huhtamaki, a key global provider of sustainable packaging solutions based in Finland – has been recognised for ‘Excellence in Packaging’ at the 6th edition of the Economic Times [...]
Jet Airways appoints Sanjiv Kapoor as CEO
Mumbai, Mar 4 (PTI) Grounded carrier Jet Airways on Friday announced the appointment of Sanjiv Kapoor as the chief executive officer. His appointment to the post comes days after the airline brought in former Sri Lankan Airlines CEO Vipula Gunatileka as the chief financial officer. Kapoor, who is currently the president of Oberoi Hotels and [...]
Himachal CM presents Budget for 2022-23; MLALAD fund raised to Rs 2 cr
Shimla, Mar 4 (PTI) Presenting the Budget 2022-23 in the state Assembly, Himachal Pradesh Chief Minister Jai Ram Thakur on Friday announced to increase the Member of Legislative Assembly Local Area Development (MLALAD) fund from the existing Rs 1.80 crore to Rs 2 crore. The MLALAD fund has been increased by Rs 20 lakh. Presenting [...]
NEWSALERT
Himachal Pradesh CM Jai Ram Thakur increases MLALAD funds from Rs 1.80 crore to Rs 2 crore in his fifth budget. PTI DJI BAL BAL
Go First operates its 1st evacuation flight from Budapest to Delhi; brings back 177 stranded Indians
Mumbai, Mar 4 (PTI) Private carrier Go First on Friday said it has operated first evacuation flight to New Delhi from Budapest in Hungary to bring back 177 Indian evacuees from war-hit Ukraine. The city-based airline also said it will operate two flights every till March 10 as part of the Operation Ganga mission. The [...]
Is TradeBook Changing the Future of Stock Trading?
Mumbai, Maharashtra, India – Business Wire India It takes an idea and a plan to revolutionalize the world. This is what the Founders of a new fintech startup, TradeBook, are trying to achieve, a revolution in the Finance industry. Founded by two Millenials, Vedant Gupte and Aryan Jain, to shatter hindrances faced by retail participants [...]
NSE begins hunt for MD, CEO; invites applications
New Delhi, Mar 4 (PTI) Leading stock exchange NSE, which is facing allegations of governance lapses, has started the hunt for a new managing director and chief executive officer as the five-year tenure of incumbent chief Vikram Limaye is ending in July.The exchange has invited applications from candidates having IPO (initial public offering) experience for the [...]
Go First operates its 1st evacuation flight from Budapest to Delhi; brings back 177 stranded Indians
Mumbai, Mar 4 (PTI) Private carrier Go First on Friday said it has operated first evacuation flight to New Delhi from Budapest in Hungary to bring back 177 Indian evacuees from war-hit Ukraine. The city-based airline also said it will operate two flights every till March 10 as part of the Operation Ganga mission. The [...]
ETMONEY’s Technology-led Approach is Enabling Investors to Generate better Returns Using Passive Funds
The platform has partnered with India’s leading AMCs to offer quant-based investment portfolios built with passive funds New Delhi, Delhi, India (NewsVoir) ETMONEY, one of India's leading wealth management platforms, recently launched a one-of-its-kind membership service ETMONEY Genius. ETMONEY Genius uses a proprietary quant investing model that uses a dynamic asset allocation strategy to construct [...]
Passenger vehicle retail sales dip 8% in Feb as chip shortage continues: FADA
Domestic passenger vehicle retail sales declined eight per cent in February as the companies continued to suffer production loss due to chip shortage, automobile dealers' body FADA said on Friday. The passenger vehicle (PV) sales dropped to 2,38,096 units last month, down 7.84 per cent from 2,58,337 units in February 2021. "Even though the passenger [...]
Merck Foundation CEO and African First Ladies Celebrate the Winners of Merck Foundation Film Awards ‘More Than a Mother’ 2021
Merck Foundation and African First Ladies announce new edition of Merck Foundation Film Awards “More Than a Mother” 2022 in Africa addressing wide range of social issues such as: Breaking Infertility Stigma, Support Girls’ Education, End Child Marriage, End FGM, Stopping GBV and Women Empowerment at all levels Mumbai, Maharashtra, India & Windhoek, Namibia – [...]
Hero MotoCorp unveils new brand identity for EVs; lines up USD 100-mn sustainability fund
New Delhi, Mar 4 (PTI) The country's largest two-wheeler maker Hero MotoCorp on Friday said it has lined up a USD 100-million (around Rs 760 crore) global fund to nurture over 10,000 entrepreneurs on ESG (environmental, social and governance) solutions. The auto major announced the fund as it unveiled its new identity 'Vida' for the [...]
Biden admin sanctions Kremlin spokesman, 50 Russian oligarchs over Ukraine invasion
Washington, Mar 4 (PTI) The White House has imposed new sanctions on 50 Russian oligarchs, including Kremlin press secretary Dmitry Peskovt, and their families in the latest attempt to target President Vladimir Putin for ordering the invasion of Ukraine.President Joe Biden said the sanctions will target those who “line their pockets with the Russian people’s [...]
Biden speaks with Zelenskyy on fire at Ukrainian nuclear power plant
Washington, Mar 4 (PTI) US President Joe Biden spoke with his Ukrainian counterpart Volodymyr Zelenskyy to receive an update on the fire at the Zaporizhzhia Nuclear Power Plant and urged Russia to cease its military activities in the affected area and allow access to emergency responders, the White House has said.On Thursday, Russian forces pressed [...]
Vodafone Idea Board approves fundraising of up to Rs 14,500 cr
Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities -- Vodafone and Aditya Birla Group. An amount of Rs 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches. In a [...]
Indiamart invests Rs 17 cr in Zimyo
New Delhi, Mar 3 (PTI) Online B2B platform Indiamart on Thursday said it has invested about Rs 17 crore in software-as-a-service (SaaS) firm Zimyo Consulting Private Limited. Indiamart founder and CEO Dinesh Agarwal said COVID-19 has accelerated the adoption of SaaS-based HR management solutions by new age as well as traditional businesses. "Apart from [...]
Tata Steel Mining gets Great Place to Work certification
Bhubaneswar, Mar 3 (PTI) Tata Steel Mining Limited (TSML) on Thursday said the Great Place to Work Institute has certified the company as a Great Place for a year starting from March this year. The Great Place to Work Institute is the global authority on building, sustaining and recognising high-trust, high-performance culture at workplaces. “We [...]
World today wants to emulate India story: Goyal
New Delhi, Mar 3 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday said several countries have evinced interest in India's 'Aatmanirbhar Bharat' initiative and want to emulate its growth story. He also said PM Gati Shakti national master plan is a game changer which would be adopted by the whole world. Prime Minister Narendra [...]
Sri Lankan president Gotabaya Rajapaksa sacks two Cabinet ministers for blaming brother Basil for economic woes
Colombo, Mar 3 (PTI) Sri Lankan President Gotabaya Rajapaksa on Thursday sacked two of the country's Cabinet ministers after they openly criticised his younger brother and Minister of Finance Basil Rajapaksa, accusing him of having a rigid working style that caused the island nation's ongoing economic woes.Sri Lanka is currently reeling under a severe foreign [...]
UN telecom body ITU to open its area office in New Delhi for South Asia
New Delhi, Mar 3 (PTI) Telecom Minister Ashwini Vaishnaw and International Telecommunication Union (ITU) Secretary-General Houlin Zhao signed a pact virtually on Thursday to establish an area office and innovation centre of the United Nations telecom body in New Delhi. The setting up of the area office will provide greater access and engagement to India [...]
CBDT claims Huawei manipulated account books to reduce taxable income in India
New Delhi, Mar 3 (PTI) The income tax department has found alleged manipulation of account books for reducing taxable income in India by Chinese telecom company Huawei whom it raided recently, sources said on Thursday.The searches were conducted on February 15 at the main business and residential premises of "key office bearers" of a multi-national [...]
BJP govt in Gujarat presents last budget before polls; highest allocation for education
Gandhinagar, Mar 3 (PTI) Gujarat Finance Minister Kanu Desai on Thursday presented the BJP government's last budget before Assembly elections, choosing to levy no new taxes and making the highest allocation for education.The budget also scrapped professional tax for those earning a salary of up to Rs 12,000 per month. Chief Minister Bhupendra Patel said [...]
LIC appoints Sunil Agrawal as CFO
New Delhi, Mar 3 (PTI) IPO-bound Life Insurance Corporation (LIC) has appointed Sunil Agrawal as its chief financial officer (CFO). Agrawal took charge on Wednesday, sources said. This is the first time that LIC has appointed an outsider as CFO. Prior to this, LIC Executive Director Shubhangi Sanjay Soman was holding charge as CFO of [...]
Russian diamond giant ALROSA has assured smooth supply: GJEPC
New Delhi, Mar 3 (PTI) Russia's partly state-owned diamond mining company ALROSA has assured the gem and jewellery industry here that the firm will fulfil all its obligations to their clients in any part of the world, GJEPC said on Thursday. Gem and Jewellery Export Promotion Council (GJEPC) Chairman Colin Shah said India directly imports [...]
UK extends Russian sanctions to insurance sector
London, Mar 3 (PTI) Russian companies in the aviation or space industry will be prevented from making use of UK-based insurance or reinsurance services directly or indirectly, the UK government announced on Thursday as further sanctions in response to the attacks on Ukraine.UK Chancellor Rishi Sunak said the latest measures will limit the benefits Russian [...]
Loop telecom as beneficiary, ‘confederate of fraud’ not entitled for refund of 2G licence fee: SC
New Delhi, Mar 3 (PTI) The Supreme Court on Thursday termed the Loop Telecom as “confederate of fraud” and “beneficiary” of the UPA era--First Come First Serve Policy--saying it was intended to favour a group of private bidding entities at the cost of the public exchequer and dismissed a plea seeking a refund of Rs [...]
BSE joins hand with Cotton Guru Maha FPO Federation
New Delhi, Mar 3 (PTI) Leading stock exchange BSE on Thursday said it has collaborated with Cotton Guru Maha FPO Federation that will enable the bourse to reach out to a large stakeholder group in the cotton value chain.Cotton Guru Maha FPO Federation is a market-facing company, which is responsible for value-addition and marketing of [...]
Zoho Corpn launches latest version of low-code offering, Zoho Creator
Chennai, Mar 3 (PTI) Global technology company Zoho Corporation on Thursday announced the launch of latest version of its low-code offering, Zoho Creator aimed at addressing the need for an easy to use platform, thereby enabling users to create powerful business applications.The new unified development platform empowers IT teams and business users to build sophisticated [...]
IHCL, UNESCO partner to preserve cultural heritage of India
Mumbai, Mar 3 (PTI) Indian Hotels Company Ltd (IHCL) on Thursday said it has partnered with UNESCO to help preserve and promote the cultural heritage of India, as part of an initiative in the post-pandemic world. "We are delighted to partner with UNESCO in this industry-first collaboration to work towards preserving India's cultural heritage. "Leveraging [...]
‘Sagar Parikrama’ to know fishermen’s problems to kick start in Gujarat on Mar 5
New Delhi, Mar 3 (PTI) In order to take stock of the problems faced by fishermen in the coastal areas, Union Minister for Fisheries, Animal Husbandry and Dairying Parshottam Rupala will inaugurate a two-day 'Sagar Parikrama' in Gujarat on March 5. The first leg of 'Sagar Parikrama' will start on March 5 from Mandvi and [...]
AIIB puts its projects in Russia, Belarus on hold due to Ukraine crisis
Beijing, Mar 3 (PTI) China-based Asian Infrastructure Investment Bank (AIIB) on Thursday put on hold all its projects in Russia and its ally Belarus, a significant move amid the heightening crisis in Ukraine.The bank's decision was regarded as noteworthy considering that Russia is its third-largest shareholder. India is the second-largest shareholder after China.Former RBI Governor [...]
Govt gives nod to design & development of nine defence equipment by Indian industry
New Delhi, Mar 3 (PTI) The Ministry of Defence (MoD) on Thursday said it has given in-principle approval for the design and development of nine defence equipment by the Indian industry. Out of the total nine projects, four have been offered in 'Make-I category' under which the Centre provides 90 per cent funding in a [...]
Smartron India launches 2nd-gen tbike OneX for B2B segment; price at Rs 38,000
Mumbai, Mar 3 (PTI) Technology company Smartron India announced on Thursday the launch of the second-generation e-bike, tbike OneX, priced at Rs 38,000, excluding GST, for the business-to-business (B2B) segment. The multi-modular, multi-purpose and multi-utility vehicle primarily targets rideshare and delivery markets, comes with a top speed of 25 kmph and over 100 km range [...]
CAIT raises traders’ woes in letter to PM
New Delhi, Mar 3 (PTI) Complications in GST, 'malpractices' of e-commerce companies and access to finance are among the key issues facing traders in the country, industry body CAIT said in a letter to Prime Minister Narendra Modi on Thursday. Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal said in a statement that [...]
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