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Water management stock jumps 4% after receiving ₹1,000 Cr order from Indosol Solar
The shares of the water treatment solution provider gained up to 4 percent after the company received a mega order from Indosol Solar Private Limited worth Rs 1,000 crore. The shares of VA Tech Wabag Ltd were trading at Rs 1,690.75 per share, increasing around 1.22 percent as compared to the previous closing price of [...]
Stock under ₹200 Jumps 4% after Ashish Kacholia bought fresh stake in the company
The shares of this microcap company jumped around 4 percent on Monday after the board announced a preferential issue of equity shares to certain allottees, including prominent investor Ashish Rameshchandra Kacholia. Price Movement With a market capitalization of Rs.240 crores, the shares of Shree OSFM E-Mobility Ltd started Tuesday’s trading session on a flatter note [...]
EV stock jumps 5% after its market share increases by 7%
Shares of this leading electric vehicle (EV) company are drawing investor interest after a substantial market share gain and plans for further expansion during the festive season. Amidst regulatory scrutiny, the company has managed to increase its market share, showcasing its resilience to growth. Price Movement In Tuesday’s trading session, the share price of Ola [...]
Infra stock jumps 3% after receiving ₹297 Cr order from Pune Municipal Corporation
The shares of the infrastructure developer gained up to 3 percent after the company received a prestigious work order from Pune Municipal Corporation for Rs 297.83 crore. With a market capitalization of Rs 5,637.08 crore, the shares of J. Kumar Infraprojects Limited were trading at Rs 745.00 per share, increasing around 1 percent as compared [...]
How is Olectra Greentech unique in the EV business compared to its competitors?
The shares of a company primarily engaged in the manufacturing of electrical buses and composite polymer insulators surged by around 2.3 percent on BSE to Rs. 1,786.65 during the trading session of Tuesday. Stock Performance: With a market capitalization of Rs. 14,269 crores, the shares of Olectra Greentech Limited opened in the red at Rs. [...]
Smallcap stock jumps 9% after reporting 44% YoY increase in net profits
The shares of the leading broking house gained up to 9 percent after the company's net profit and revenue magnified by 39 percent and 44 percent, respectively in Q2FY25. With a market capitalization of Rs 26,606.71 crore, the shares of Angel One Ltd were trading at Rs 2951.35 per share, increasing around 8.44 percent as [...]
Large cap stocks with free cash flow of ₹61,600 to keep in your radar
Investing in large-cap stocks with high free cash flow (FCF) is a strategic approach for seeking stability and growth. High FCF indicates a company's ability to generate cash after capital expenditures, allowing for reinvestment, dividends, or debt reduction. This financial strength makes such companies more resilient during economic fluctuations. Here are few such high free [...]
4 Stocks in which promoters reduced their pledge to keep an eye on
The promoter releasing his share pledge is typically viewed positively as it indicates improved financial health and reduced financial risk for both the promoter and the company. It signals increased confidence from the promoter in the company's future prospects, which can be a reassuring sign for investors. Listed below are some of the stocks in [...]
Tata group stock jumps 3% after reporting 414% QoQ increase in net profits
Tata Group stock, an associate company of The Indian Hotels Company Limited, rose by over 3 percent on BSE after reporting a 414 percent YoY increase in net profit for Q2 FY25. Share price variations: With a market capitalization of Rs. 3,191.57 crores, Oriental Hotels Ltd. rose to an intraday high of Rs. 184.35 representing [...]
Adani group stocks in which promoter holding increased in Q2
Promoters increasing their stake in a company is often viewed as a positive indicator of confidence in the company's future performance. This trend can reflect the promoters' belief in the long-term growth potential and stability of the company. Following are two Adani Group stocks in which Promoter have increased stake by over 3 percent in [...]
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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
Societe Generale sells Vedanta shares worth Rs 880-cr
New Delhi, Mar 3 (PTI) Societe Generale on Thursday offloaded 2.24 crore shares of metal major Vedanta Ltd for nearly Rs 880 crore through an open market transaction.According to bulk deal data available with the National Stock Exchange (NSE), Societe Generale sold total 2,2,450,200 shares, amounting to 0.6 per cent stake of the company.The shares [...]
Iran’s cooperative body ICC keen to collaborate with NCUI
New Delhi, Mar 3 (PTI) Iran Chamber of Cooperatives (ICC) has shown interest to work with Indian cooperative union NCUI mainly for training purposes. ICA-AP (International Cooperative Alliance Asia-Pacific) is the regional wing of ICA (International Cooperative Alliance) which is the global body of cooperatives. While NCUI is an apex body of the Indian cooperative [...]
SBI MF collects Rs 8,095 cr through Multicap Fund NFO
Largest fund house SBI Mutual Fund on Thursday announced that investors have put Rs 8,095 crore into a new fund offer for a multicap offering, giving it a 15 per cent share of the recently categorised market. Almost the entire sum has been raised from retail investors, and subscriptions came from 82 per cent of [...]
LTTS wins new multiyear deal from Airbus for undisclosed sum
Mumbai, Mar 3 (PTI) LTTS, the engineering services arm of infrastructure major L&T, on Thursday said it has won a multi-year contract from leading aircraft manufacturer Airbus. It, however, did not disclose the overall deal amount for the contract. The company said it has been recognised as a global preferred engineering supplier by Airbus under [...]
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 [...]
Goyal asks industry to explore ways to raise manufacturing contribution to 25 pc of GDP
New Delhi, Mar 3 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday asked the industry to look at ways to increase the contribution of the manufacturing sector to 25 per cent of GDP and set up 10 R&D labs or innovation centres to become a global leader in technology. He also said the industry should [...]
LT Foods’ subsidiary firm acquires 51 pc stake in US-based Golden Star Trading Inc
New Delhi, Mar 3 (PTI) Consumer food company LT Foods on Thursday announced the acquisition of a 51 per cent stake in the US-based Golden Star Trading Inc along with its brand for an undisclosed amount, with a call option to further buy 49 per cent equity at the end of three years. The acquisition has [...]
RuPay to be official partner for TATA IPL
New Delhi, Mar 3 (PTI) Domestic card payment network RuPay will be an official partner for TATA IPL tournament starting this month. "This will be a multi-year partnership," National Payments Corporation of India (NPCI) said in a release on Thursday. NPCI had launched RuPay, the first-of-its-kind domestic card payment network in the country. The announcement [...]
This Textile Stock Has Given 174.92% Returns in One Year!
Reliance Chemotex Industries Limited has given 174.92% returns in one year as its share price increased from ₹89.50 on 4th March 2021 to ₹246.05 today. Its Net profit in the December quarter rose 70.36% to ₹4.31crores from ₹2.53 crores in the same quarter, last yearThe demand for its products is on the rise and it is [...]
IKEA Foundation commits 20 mn euro for humanitarian assistance in Ukraine
New Delhi, Mar 3 (PTI) IKEA Foundation on Thursday said it has committed an immediate 20 million euro donation for humanitarian assistance for people who have been forcibly displaced by the military action in Ukraine. This is in response to an emergency appeal from UNHCR, the UN Refugee Agency, to scale up its assistance and [...]
Pinnacle Industries to invest Rs 2,000 cr to set up EV manufacturing units in Pune, Indore
Mumbai, Mar 3 (PTI) Pinnacle Industries, which is among the 20 companies that got approval to launch electric vehicle manufacturing under the production-linked incentives scheme, will invest Rs 2,000 crore to set up EV manufacturing units in Pune and Indore, according to a senior company official. The Pune-based company, which has been into automotive seatings, [...]
TenderCuts opens first all-women store in Chennai
Chennai, Mar 3 (PTI) Omnichannel meat and seafood brand, TenderCuts on Thursday announced opening its first all-women store in the city and said it plans to establish more such outlets across the country. The store was an extension of TenderCuts' vision to enable all shoppers, especially women, to step into meat or fish buying experience, [...]
IHCL announces opening of Vivanta Navi Mumbai, Turbhe
Mumbai, Mar 3 (PTI) Indian Hotels Company (IHCL) on Thursday announced the opening of Vivanta Navi Mumbai in Turbhe.“This opening of The 146-room Vivanta Navi Mumbai, is in line with our strategy of strengthening our domestic presence in key cities. We look forward to making the hotel a part of the city's rapid evolution,” IHCL [...]
Govt gets multiple EoIs for PDIL sale
New Delhi, Mar 3 (PTI) The government has received multiple expressions of interest for privatisation of Projects & Development India Ltd (PDIL), DIPAM Secretary Tuhin Kanta Pandey said on Thursday. The Department of Investment and Public Asset Management (DIPAM) had on December 14 invited preliminary bids for selling the government's 100 per cent stake in [...]
Wockhardt sets issue price at Rs 225 Per share for Rs 748 Cr Rights issue
Pharmaceuticals firm Wockhardt Ltd on Thursday said it has fixed issue price at Rs 225 per share for its Rs 748 Crore rights issue. The capital raising committee of the company's board on Thursday decided to approve the issue of 3.33 crore fully paid-up equity shares, aggregating to a little over Rs 748 crore, Wockhardt [...]
Vodafone Idea board approves raising up to Rs 14,500 crore
New Delhi, Mar 3 (PTI) Debt-ridden telecom operator Vodafone Idea on Thursday said its board has approved raising of up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities. An amount of Rs 10,000 crore would be raised by way of sale of equity or through debt instruments such as ADR, GDR and [...]
CREDAI-MCHI Thane receives ISO certification
Thane, Mar 3 (PTI) CREDAI-MCHI Thane has become the first housing body in the country to receive the coveted ISO certification, its president Jitendra Mehta said on Thursday. Mehta also announced the 19th edition of the CREDAI-MCHI Thane Realty and Home Finance Expo, to be held here between March 11 and 14, 2022. He said [...]
Vodafone Idea board approves raising up to Rs 14,500 crore
New Delhi, Mar 3 (PTI) Debt-ridden telecom operator Vodafone Idea on Thursday said its board has approved raising of up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities. An amount of Rs 10,000 crore would be raised by way of sale of equity or through debt instruments such as ADR, GDR and [...]
PFC ties up with Faridabad municipal corporation to install LED street light systems as part of CSR
Faridabad, Mar 3 (PTI) State-owned Power Finance Corporation (PFC) has signed a pact with the Municipal Corporation of Faridabad (MCF), Haryana, for supply, installation and commissioning of LED street light systems as part of its CSR initiative. According to the memorandum of understanding (MoU), PFC will provide financial assistance of Rs 3.56 crore to the [...]
ABB India offers gender-neutral parental leave for staff
Mumbai, Mar 3 (PTI) Global technology company ABB India on Thursday announced a gender-neutral and inclusive parental leave programme, recognising the need for both parents to be present with their newborns or newly-adopted children under 3 years of age. The programme extends similar benefits to LGBTQ couples, co-habiting partners and couples opting for surrogacy, ABB [...]
India’s Agriculture and Allied Sector Demonstrates its Prowess at EXPO2020 Dubai
Showcased investment opportunities in millets, horticulture, dairy, fisheries & organic farming to global investors Dubai, United Arab Emirates (NewsVoir) The ‘Food, Agriculture and Livelihood fortnight’ at the Indian Pavilion in EXPO2020 Dubai concluded yesterday with the sector highlighting India’s investment-friendly policies, growth opportunities and showcasing country’s core strengths across different areas of Agriculture and allied [...]
Rupee slips 14 paise to 75.94 against USD amid surging crude
Mumbai, Mar 3 (PTI) The rupee declined by 14 paise to close at 75.94 against the US dollar on Thursday, pressured by surging crude oil prices amid intensifying conflict between Russia and Ukraine. Persistent foreign capital outflows and subdued domestic equity markets also affected market sentiment, forex dealers said. At the interbank foreign exchange market, [...]
ZF looks to expand global IT centres in Pune, Hyderabad and Chennai
Mumbai, Mar 3 (PTI) German automotive parts maker ZF said on Thursday it is looking to expand its global IT centres in Pune, Hyderabad and Chennai to spearhead the group's IT digitalisation initiative as part of its Refresh India4.0 Strategy announced mid-last year. ZF Commercial Vehicle Solutions (CVS) has been successfully leveraging the talent in [...]
NEWSALERT
Voda Idea to issue equity worth Rs 4,500 cr to promoter entities; another Rs 10,000 cr to be raised via sale of equity or debt. PTI PRS MBI ABM ABM
Govt issues draft rules for displaying fitness certificate, registration mark on vehicles
New Delhi, Mar 3 (PTI) Vehicles will have to display validity of fitness certificate and registration mark in a prescribed manner, as per a draft notification issued by the Ministry of Road Transport and Highways (MoRTH) on Thursday. The ministry, in a statement, said in case of heavy goods / passenger vehicles, medium goods/passenger vehicles [...]
Axis Bank commits USD 150 mn loan to healthcare sector
New Delhi, Mar 3 (PTI) Axis Bank on Thursday said it has committed a USD 150 million (about Rs 1,140 crore) loan for strengthening the healthcare infrastructure in the country in association with IPE Global, in the aftermath of the pandemic. The continued threat of new variants has reinforced the need to boost investments and [...]
Is The Russia-Ukraine Conflict Delaying The LIC IPO? Will The Govt Reassess Its March Listing?
The government is likely to hold a meeting to reassess the timing of the LIC IPO and postpone it to the next financial year in view of the volatility in the markets due to the escalating Russia-Ukraine war."The process for it is already on and we are prepared to go ahead but when a war [...]
CoSoSys Launches Advanced Content Detection and Integrations with the Release of Endpoint Protector 5.5.0.0 in India
Mumbai, Maharashtra, India (NewsVoir) CoSoSys, a leader in Data Loss Prevention (DLP) and insider threat management, has announced the latest version of its award-winning Endpoint Protector solution in India. The release introduces a host of new features, including Advanced Content Detection, allowing organizations to build even more targeted data protection policies, reduce false positives, and [...]
Microfinance sector’s contribution to GVA to be 2.7-3.5pc by 2025-26: study
Kolkata, Mar 3 (PTI) The impact of the microfinance sector on Gross Value Added (GVA) of the economy is expected to be between 2.7 and 3.5 per cent by 2025-26, according to a study report released on Thursday. The report, 'Present and Potential Contribution of Microfinance to India's Economy', was prepared jointly by MFIN, an [...]
Log9 Materials ties up with IIT-Delhi for R&D on battery, energy storage solutions
Mumbai, Mar 3 (PTI) Advanced battery-tech start-up Log9 Materials has collaborated with IIT-Delhi to promote superlative research and development in the areas of developing advanced battery and energy storage solutions, including battery packs for electric vehicles, according to a statement released on Thursday. The strategic three-year collaboration between Log9 and the Centre for Automotive Research and Tribology [...]
Johnson Controls Appoints Sivakumar Selva Ganapathy as Vice President, OpenBlue India Software Engineering and APAC Solutions
Mumbai, Maharashtra, India – Business Wire India • Sivakumar brings fresh perspectives, experience and expertise to further strengthen Johnson Controls’ position in the smart, sustainable building sector Johnson Controls, the global leader for smart, healthy, and sustainable buildings, today announced the appointment of Sivakumar Selva Ganapathy as vice president, OpenBlue India Software Engineering and APAC [...]
MUMBAI, MARCH 3
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67652.00 68015.00 STANDARD GOLD (99.5) : 51122.00 51431.00 PURE GOLD (99.9) : 51328.00 51638.00 -------------- PTI MUM SSB SSB
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 [...]
Mercedes-Benz rolls out Maybach S-Class in India
New Delhi, Mar 3 (PTI) Luxury carmaker Mercedes-Benz India on Thursday said it has launched Maybach S-Class in the country with the price starting at Rs 2.5 crore (ex-showroom). The company has introduced the model in two trims -- Maybach S-Class 680 4MATIC starts from Rs 3.2 crore, while the price of locally produced Maybach [...]
Mahindra Finance disbursements up 44 pc at Rs 2,733 cr in Feb
New Delhi, Mar 3 (PTI) Mahindra & Mahindra Financial Services on Thursday said its loan disbursements climbed 44 per cent to Rs 2,733 crore in February, aided by continued business momentum. The collection efficiency during the month stood at 98 per cent. In February 2022, the business continued its momentum with a disbursement of approximately [...]
Sensex, Nifty surrender early gains as boiling oil plays spoilsport; IT stocks stand tall
Equity indices relinquished early gains to close in the red for the second straight session on Thursday as surging oil prices amid the ongoing conflict between Russia and Ukraine sapped risk appetite. Crude oil prices ratcheted up towards the USD 120 per barrel mark on fears of supply disruptions as western nations tightened sanctions on [...]
Road ministry issues new rules on road accident reporting for claim settlement
New Delhi, Mar 3 (PTI) The road ministry on Thursday said it has issued a notification to mandate the procedure for detailed investigation of road accidents, detailed accident report (DAR) and its reporting along with timelines for different stakeholders for quick settlement of claims by the Motor Accident Claim Tribunal (MACT). The ministry in a [...]
Drip Capital Named to Y Combinator’s Top Companies List
Mumbai, Maharashtra, India (NewsVoir) Drip Capital, Inc., a leading cross-border digital trade finance platform, has been named to Y Combinator’s Top Companies list. Listed and ranked by valuation, Drip Capital joins other notable Y Combinatorfintech alumni like Stripe, Coinbase, and Brex on the Top Companies list. This year’s list includes 267 public and private companies [...]
IIM Calcutta registers 100pc placement, average salary hits record Rs 34 lakh
Kolkata, Mar 3 (PTI) Indian Institute of Management (IIM) Calcutta has recorded 100 per cent placement for its 57th batch, with a record average salary of Rs 34.2 lakh per annum, the premier business institute said in a statement. More than 190 firms participated in the final placement process held virtually last week. A total [...]
FPI holdings in domestic equities down 2% to $654 bn in Oct-Dec: Report
New Delhi, Mar 3 (PTI) The value of foreign portfolio investors' (FPI) holdings in domestic equities reached USD 654 billion in three months ended December 2021, a drop of nearly 2 per cent from the preceding quarter, according to a Morningstar report. This was largely on the back of a massive sell-off by foreign investors [...]
Escape Velocity Launching QUARTILE partnership with WATConsult
HYDERABAD, India, March 3, 2022 /PRNewswire/ -- Escape velocity, the leading martech and ad tech technology service provider is excited to announce its first ever partnership for Quartile with WATConsult, an Isobar company & the globally awarded hybrid digital agency from dentsu India. Quartile is a new way to manage retail media and e-commerce advertising. [...]
Filo raises USD 23 mn in Series-A funding round led by Anthos Capital
Mumbai, Mar 3 (PTI) Edtech start-up Filo on Thursday said it has raised USD 23 million (about Rs 175 crore) in a Series-A round led by Anthos Capital. The round also saw participation from existing investor Better Capital along with GSV, Sapling Capital and individual investors including Gokul Rajaram, Rob Frohwein (co-founder of Kabbage), Mate [...]
Merck Foundation Thanks Burundi First Lady and Her Daughter for Dedicating Her Song to More Than a Mother Campaign to Break Infertility Stigma
Merck Foundation & the Burundi First Lady recently announced 12 winners of Merck Foundation Media Awards 2021 from Burundi with the aim to break Infertility Stigma and Support Girl Education Mumbai, Maharashtra, India & Bujumbura, Burundi – Business Wire India Merck Foundation, the philanthropic arm of Merck KGaA Germany, together with The First Lady of [...]
OptimHire Aims to Disrupt the USD 31 Billion IT Recruiting Industry
Hyderabad, Telangana, India – Business Wire India OptimHire, a Hyderabad-based global recruiting firm, aims to disrupt the $31 Billion IT Recruiting Industry by using AI, Automation, Crowding-Sourcing, and Gig-Economy. OptimHire has created a 3-way ecosystem between Companies, Candidates, and Referral Partners (Online marketers, Affiliates, Freelance recruiters) reducing average hiring time from 6 Months to just [...]
Singularity AMC launches Rs 600-cr AIF
Mumbai, Mar 3 (PTI) Singularity AMC has launched a Rs 600-crore growth opportunities corpus as an alternative investment fund, with an objective to provide growth capital to technology-driven companies both at early and growth stages. The fund has a corpus target of Rs 600 crore, of which Rs 350 crore has already been raised, Rs [...]
Moody’s, Fitch downgrade Russia’s rating to ‘junk’ grade following sanctions by West
New Delhi, Mar 3 (PTI) Moody's and Fitch on Thursday downgraded Russia's sovereign rating to 'junk' grade following severe sanctions by western countries, a move that will lead to shooting up of the borrowing cost of the Putin administration. While Moody's Investors Service downgraded Russia's long-term issuer and senior unsecured (local-and foreign-currency) debt ratings to [...]
ideaForge bags the largest mini-VTOL UAV defence contract globally
MUMBAI, India, March 3, 2022 /PRNewswire/ -- In the Union Budget of 2022, the Indian Government announced that 68% of its Defence Capital Procurement budget would be reserved for domestic organisations. Within a month of this announcement, the largest single VTOL Mini UAV defence contract globally has been awarded to ideaForge for its SWITCH UAV. [...]
Panasonic Life Solutions India Commissions a 6 MWp Rooftop Solar Project in Ranjangaon Maharashtra
The project has been set-up in association with FIAT India Automobiles Limited Mumbai, Maharashtra, India – Business Wire India Panasonic Life Solutions India (PLSIND) in association with FIAT India Automobiles Limited announced the commissioning of a 6 MWp rooftop solar plant in Ranjangaon, Pune, Maharashtra. The project aims to contribute towards environmental sustainability and support [...]
Eveready Batteries’ Chairman, MD resign post open offer from Burman group
New Delhi, Mar 3 (PTI) Batteries and flashlights maker Eveready Industries India Ltd on Thursday said its Non-Executive Chairman Aditya Khaitan and Managing Director Amritanshu Khaitan have resigned following an open offer from the Burman group.The Burman group, through various entities had on Monday made a Rs 604.76-crore open offer to acquire around 1.89 crore [...]
FinMin to monitor revenue, expenditure on daily basis from Mar 15 to keep fiscal deficit in check
New Delhi, Mar 3 (PTI) Keen to keep government deficit within stated targets, the finance ministry will from March 15 start daily monitoring of the revenue receipts, including tax collections, as well as expenditure. The move comes against the backdrop of a possible deferment of the initial public offering (IPO) of LIC, which was expected [...]
Why Did Ilker Ayci Turn Down Tata’s Offer To Become Air India’s CEO?
Debt-ridden Air India was hoping for a turnaround when it appointed Ilker Ayci as its CEO on February 14th, subject to government approvals.His appointment had raised many eyebrows due to his association with Turkish President Tayyip Erdogan in the 1990s as Turkey and India have somewhat strained connections.Ilker Ayci turned down this offer as it [...]
YouTube’s creator ecosystem contributes Rs 6,800 cr to Indian economy in 2020, says report
New Delhi, Mar 3 (PTI) Video sharing platform YouTube’s creator ecosystem generated "considerable" economic value and contributed an estimated Rs 6,800 crore to the Indian economy in 2020, according to a report released on Thursday. The report by Oxford Economics, an independent consulting firm, assessed YouTube's economic, societal, and cultural impact in India. The report [...]
OYO appoints Prakash Padariya as Chief Information Security Officer
New Delhi, Mar 3 (PTI) IPO-bound OYO on Thursday said it has appointed Prakash Padariya as the Chief Information Security Officer for IT and security teams. "In his role at OYO, Prakash will helm a security strategy for OYO's systems globally, including regions such as India, SEA (Southeast Asia), Europe, the USA and the UK," the [...]
Roland-Garros, Infosys extend partnership for another 5 years until 2026
New Delhi, Mar 3 (PTI) IT firm Infosys on Thursday said its three-year partnership with Roland-Garros, also known as The French Open Tennis Tournament, has been renewed for a further period of five years till 2026. The contract renewal will bring a new element to the partnership, with Infosys doubling down on broadcast and technology [...]
Kubota Corporation revises tendering period of open offer for Escorts
New Delhi, Mar 3 (PTI) Japan's Kubota Corporation has revised the opening and closing dates for tendering of shares for its open offer for Escorts Ltd to acquire an additional 28.42 per cent stake from public shareholders. Under the revised schedule, the date of commencement of the tendering period of the open offer has been [...]
MUMBAI, MAR 3 (PTI)
METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 787.00 COPPER HEAVY SCRAPS 777.00 COPPER ARMATURE (CREDIT) 756.00 COPPER UTENSILS SCRAP 675.00 CC ROD 844.00 BRASS :- BRASS SHEET CUTTING 562.00 BRASS UTENSIL SCRAP 510.00 BRASS HONEY 496.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 201.00 ALUMINIUM EXTRUSION SCRAP 243.00 ALUMINIUM INGOTS 300.00 OTHER : - [...]
Himachal Pradesh economic growth estimated at 8.3 pc for FY22: state’s Economic Survey
Shimla, Mar 3 (PTI) Himachal Pradesh is expected to have grown at a pace of 8.3 per cent in 2021-22 as compared with a negative growth of 6.2 per cent in the pandemic-hit 2020-21, according to the Economic Survey presented in the state's Assembly on Thursday. The growth in per-capita income during 2021-22 is estimated [...]
Crude oil futures rise on spot demand
New Delhi, Mar 3 (PTI) Crude oil prices rose Rs 473 to Rs 8,716 per barrel on Thursday as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the March delivery traded higher by Rs 473 or 5.74 per cent at Rs 8,716 per [...]
Guar seed futures rise on fresh bets
New Delhi, Mar 3 (PTI) Guar seed prices on Thursday rose by Rs 68 to Rs 6,024 per 10 quintal in the futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for March contracts increased by Rs 68 or 1.14 [...]
Guar gum futures gain on demand
New Delhi, Mar 3 (PTI) Guar gum prices on Thursday gained by Rs 150 to Rs 11,110 per five quintal in the futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher by Rs 150 or 1.42 per cent to [...]
Pearson and Apollo MedSkills join hands to bridge the healthcare skill gap in India and globally
As part of the collaboration, Pearson and Apollo MedSkills will co-develop skilling programmes and training solutions to enhance access to quality healthcare education March 03 2022, New Delhi: Pearson, the world’s leading learning company today announced the partnership with Apollo MedSkills, the educational arm of Apollo Hospitals the biggest private integrated healthcare provider in India [...]
India Sotheby’s Int’l Realty facilitates sales of Rs 2,100-cr luxury properties in 2021; up 47 pc
New Delhi, Mar 3 (PTI) India Sotheby's International Realty has facilitated sales of luxury properties worth USD 280 million (around Rs 2,100 crore) last year, a 47 per cent jump as compared to 2020, on the back of higher demand of residential assets. India Sotheby's International Realty sold 182 luxury properties worth USD 280 million during [...]
MUMBAI, MAR 3
(PTI) OILS (per 10 Kgs) G.Nut Raw 1550.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. - Sunflower Exp.Ref. 1700.00 Cottonseed(Refined) 1600.00 Refined Palm Oil 1575.00 Soyabean Ref. 1600.00 Imp.Soyabean Crude - Rapeseed Ref. 1580.00 Rapeseed Exp. 1550.00 Copra white 1650.00 Rice Bran 4-7% FFA - Rice Bran 1420.00 Linseed 1950.00 Castor Comm. 1490.00 F.S.G. [...]
Nippon Express (India) Becomes First Japanese Forwarder to Open Logistics Center in Cargo Area of Indira Gandhi International Airport (Delhi)
TOKYO, Mar. 2, 2022 /Kyodo JBN-AsiaNet/-- Nippon Express (India) Private Limited (hereinafter "NX India"), a group company of Nippon Express Holdings, Inc., became the first Japanese forwarder to open a logistics center in the cargo area of Indira Gandhi International Airport in Delhi, India, on Thursday, January 20. Logo: https://kyodonewsprwire.jp/img/202202257805-O1-90Mmldz0 Photo: https://kyodonewsprwire.jp/prwfile/release/M103866/202202257805/_prw_PI2fl_Nx5XU1cZ.jpg NX India had [...]
Road ministry issues new rules on road accident reporting for claim settlement
New Delhi, Mar 3 (PTI) The road ministry on Thursday said it has issued a notification to mandate the procedure for detailed investigation of road accidents, detailed accident report (DAR) and its reporting along with timelines for different stakeholders for quick settlement of claims by the Motor Accident Claim Tribunal (MACT). The ministry in a [...]
SBI stops transactions related to Russian entities under sanctions
New Delhi, Mar 3 (PTI) State Bank of India, the nation's largest lender, has stopped processing transactions of Russian entities that have been sanctioned by the West over Moscow's invasion of Ukraine, sources said. To effect this, SBI has issued a circular as it fears that any transaction with entities or sectors under sanction will [...]
Budget session: Maha govt presents supplementary demands worth over Rs 6,000 cr
Mumbai, Mar 3 (PTI) The Maharashtra government on Thursday presented supplementary demands worth Rs 6,250.36 crore in the state legislature on the first day of the budget session. The amount of Rs 1,400 crore was earmarked for special grants to municipal councils for infrastructure works, Rs 1,500 crore for pension and other wages, Rs 3,190 [...]
Auto Sales February 2022: M&M’s Sales Surged 89%, Tata Motors Increased 47%
Top automobile manufacturers recently reported their sales for the month of February 2022. A shortage in the supply of semiconductors has impacted the production and hence the sales of these companies. Tata Motors Registered a 47% Growth Tata Motors registered a 47% sales growth in the passenger vehicle segment. It sold 39,981 units in February [...]
Easy Trip Planners board approves bonus share issuance
New Delhi, Mar 3 (PTI) Online travel services provider Easy Trip Planners Ltd on Thursday said its board has approved allotment of bonus shares in the ratio of one share for every one existing share held by eligible shareholders.The board of directors at its meeting held on March 3, 2022, has approved the allotment of [...]
Tata Motors to deploy mobile showrooms in rural areas to offer doorstep car buying experience
New Delhi, Mar 3 (PTI) Tata Motors on Thursday said it is deploying over 100 mobile showrooms across the country as part of an initiative to offer doorstep car buying experience in the rural areas.The auto major has launched Anubhav, a showroom on wheels, in line with its rural marketing strategy.The initiative will help increase [...]
Moody’s, Fitch downgrade Russia’s rating to ‘junk’ grade following sanctions by West
New Delhi, Mar 3 (PTI) Moody's and Fitch on Thursday downgraded Russia's sovereign rating to 'junk' grade following severe sanctions by western countries. While Moody's Investors Service downgraded Russia's long-term issuer and senior unsecured (local-and foreign-currency) debt ratings to 'B3' from 'Baa3', Fitch pulled down the rating on the country to 'B' from 'BBB', putting [...]
World Bank stops all projects in Russia, Belarus with ‘immediate effect’
Washington, Mar 3 (PTI) The World Bank has announced that it will stop all its programmes in Russia and Belarus with "immediate effect" in response to Moscow's military operations in Ukraine and "hostilities" against the people of the war-torn country.On February 24, Russian forces launched military operations in Ukraine, three days after Moscow recognised Ukraine's [...]
Bajaj Hindusthan Board gives in-principle nod for capital restructuring
New Delhi, Mar 3 (PTI) Bajaj Hindusthan Sugar, India's largest sugar manufacturer, on Thursday received the Board's in-principle nod for exploring options for capital restructuring, resolution plan for debt and other corporate restructuring.A decision in this regard was taken at the Board's meeting held on Thursday, according to a regulatory filing.The Board "has granted in-principle [...]
Coal India’s Shares Surge 32% in 4 Sessions! What Caused This Rally?
Coal India’s shares are near their 52-week high of ₹203.85 (October 6, 2021) as they have surged 32% in 4 days. The Russia-Ukraine crisis is impacting importers, but Coal India is a beneficiary as we will have to rely on domestic production to a greater extent.Coal India recorded its highest-ever single-day dry fuel production of 5.67 [...]
Jharkhand govt tables over Rs 1 lakh cr budget for FY’23
Ranchi, Mar 3 (PTI) Aiming at fuelling growth, the JMM-led Jharkhand government Thursday unveiled a Rs 1.01-lakh crore budget for the 2022-23 fiscal, with a proposal to hike capital expenditure by 59 per cent.The Hemant Soren government had presented a budget of Rs 91,277 crore for the financial year 2021-22.Earlier, the Jharkhand Assembly was adjourned [...]
UPL Ltd to sell 49.98 pc stake in subsidiary ANSL to Nerka Chemicals
New Delhi, Mar 3 (PTI) Agro-chemicals major UPL Ltd on Thursday said it will sell 49.98 per cent equity in its non-operational subsidiary firm Agri Net Solutions Ltd (ANSL) to promotor group entity Nerka Chemicals for Rs 1.75 crore.UPL, in a regulatory filing, said it will offload the stake for a consideration of Rs 1.75 [...]
Future Generali India Insurance Launches ‘FG Dog Health Cover’ Insurance and unveils an innovative ‘dog health insurance campaign’ to raise awareness amongst ‘dog parents’
- Introduces industry-first 'Pet Minding' add-on if parent/s hospitalized • Policy costs start at INR 323/- per month; includes terminal illness, surgery and hospitalization, and mortality • Pet Minding Rider covers Daily allowance towards engaging a pet minder/caretaker in case of hospitalization of parent/s or other family members • 'Oh My Dog!', Digital Campaign brings [...]
FarmERP Captures Data to aid smoother functioning of Farms and Efficiently Resolves Farming Problems
MUMBAI, India, March 3, 2022 /PRNewswire/ -- FarmERP is a future-ready Enterprise-Resource Management software platform designed by the co-founders of Shivrai Technologies. It is known to help manage farms and farmlands seamlessly and efficiently. Farm Gyaan on the other side has offerings based on Artificial Intelligence, Machine Learning, Deep Learning, IoT, Pest Identification, Satellite Imagery, [...]
Make in India is need of the hour: PM Modi
New Delhi, Mar 3 (PTI) Prime Minister Narendra Modi on Thursday said Make in India is the need of the hour and appealed to the industry to reduce dependence on imports and boost domestic manufacturing.He urged the industry to take challenges and make efforts to cut imports of goods that can be manufactured in India."Today, [...]
Shoolini University Students Prepare for careers with Advanced Training Programme
SOLAN, India, March 3, 2022 /PRNewswire/ -- The Faculty of Management Sciences, Shoolini University Solan organised a 21-day Advanced Training Programme (ATP) to develop the best of knowledge, skills, and abilities; ensuring success in career through campus placements and making students industry-ready. It was a unique endeavour to prepare each MBA final year student for [...]
Loop Rebrands with a New Ad Campaign Featuring Kunal Kapoor
Group health insurance provider Loop refreshes its brand identity and logo to reflect its forward-looking strategic vision Pune, Maharashtra, India (NewsVoir) Loop, a high-quality primary care and group health insurance provider and the first of its kind to have an in-house medical team, today announced its rebranding to renew its corporate vision and usher in [...]
PRICES MUM GENERAL OPEN
MUMBAI, MAR 3 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 67652.00 STANDARD GOLD (99.5) : 51122.00 PURE GOLD (99.9) : 51328.00 -------- CALCUTTA BULLION :- N/A.-------- PTI MUM SVC SVC SVC
India’s Biggest Foodie Kunal Vijayakar Loses 20 Kgs by Enhancing His Subconscious Brain With NeuroLeap’s Technology Based Sessions
Mumbai, Maharashtra, India – Business Wire India Kunal Vijayakar, actor, comedian, author and India's biggest foodie, experienced NeuroLeap’s world class technology for brain enhancement when he lost 20 kgs weight with their neurotechnology based sessions over the course of a few months. His weight loss journey is remarkable given that there was no fad diet, [...]
UPL Share Price Surged After ₹1,100 Cr Buyback Announcement
Agro-chemicals major UPL Ltd’s (formerly United Phosphorus Ltd) share price has surged as its board has approved the proposal to buy back its fully paid-up equity sharesThe maximum buyback size is ₹1,100 crores and the minimum is ₹550 crores.The company’s shares gained 5.35% in the last 5 days and they are trading at ₹699.50 levels [...]
L&T Technology Services (LTTS) Selected as Global Preferred Engineering Supplier by Airbus Group
Bengaluru, Karnataka, India – Business Wire India • LTTS wins prestigious Airbus EMES3 engagement and will offer end-to-end engineering services for Airbus and its ecosystem L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, announced that it has been recognized as a Global Preferred Engineering Supplier for European multi-national [...]
MG Motor announces new venture to build EV charging infra
New Delhi, Mar 3 (PTI) MG Motor India on Thursday announced a new venture, MG Charge, to build charging infrastructure for electric vehicles with an aim to install 1,000 chargers in residential areas across India in 1,000 days. As part of the initiative, the company will install 1,000 AC fast, type 2 chargers, a more [...]
AGR dues: TDSAT says public, private sector cos cannot be treated differently
Mumbai, Mar 3 (PTI) Telecom disputes appellate tribunal TDSAT has ruled that the government cannot exempt state-owned companies from paying their share of Adjusted Gross Revenue (AGR) on the basis that they get only a small portion of their revenues from telecom-related services.The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) also said that an exemption [...]
Ginglani Distillers raises Rs. 6.6 Crores in its Pre-Series-A Round led by Supermorpheus, Eagle10 Ventures and Grand Anicut Angel Fund
New Delhi, Delhi, India (NewsVoir) Ginglani Distillers, one of the leading whiskey startups in India has raised Rs. 6.6 crores (~USD 0.9 million) in its Pre-Series-A round led by Supermorpheus, Eagle10 Ventures (via LV Angel Fund) & Grand Anicut Angel Fund. The round saw participation from a diverse set of investors including startup founders Nitin [...]
Mahindra Group partners Google Cloud for digital transformation to fuel next phase of growth
New Delhi, Mar 3 (PTI) Mahindra Group and tech giant Google Cloud on Thursday announced collaboration as part of the homegrown conglomerate's digital transformation strategy to fuel its next phase of business growth.Under the collaboration, Mahindra group's digital, data and cloud centre of excellence, referred to as Mahindra Digital Engine (MDE), will use Google Cloud's [...]
bitsCrunch Founder Vijay Pravin Maharajan Aims to Provide 1000 Plus Job Opportunities in Blockchain and Data Technologies
Chennai, Tamil Nadu, India – Business Wire India Vijay Pravin Maharajan is the founder and CEO of bitsCrunch, a startup based in Germany and India. The company was launched in May 2020 in India, then later established in Germany in 2021. Young Vijay who is 30 years old is a Blockchain/NFT expert who sees tremendous [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, MAR 3 (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 75.00 76.50 74.94 76.66 EUR/INR 82.69 85.54 82.62 85.71 GBP/INR 99.94 103.14 99.86 103.34 JPY/INR 64.41 66.59 64.35 [...]
PayU and VTEX join hands to offer merchants multiple local payment methods
- The integration will facilitate international brands entering the Indian market NEW DELHI, March 3, 2022 /PRNewswire/ -- PayU has collaborated with VTEX, one of the largest global digital commerce platforms, to offer multiple payment solutions to VTEX merchants. The unique integration by VTEX to support their merchants in India will provide businesses seamless access [...]
Pocket FM raises $65 mn in funding from Goodwater Capital, Naver, Tanglin Venture
New Delhi, Mar 3 (PTI) Audio OTT platform Pocket FM has raised USD 65 million (about Rs 492 crore) in a Series C funding round from Goodwater Capital, Naver and existing investor Tanglin Venture Partners.The capital will be invested in strengthening its leadership position, expanding into new languages, investing in AI capabilities and building the [...]
How Bajaj Finance Fixed Deposit can Help in Growing your Money
Pune, Maharashtra, India (NewsVoir) COVID-19 has brought so much volatility in the financial market that the one question troubling investors is, “where should I invest?” A good investment plan helps grow one’s hard-earned money during such uncertain times while keeping it safe from market volatility. Experts advise that one should align investments with risk appetite, [...]
MUMBAI, MAR 3 (PTI) Money Market Operations as on MAR 2 2022.
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 494,872.86 3.26 2.00-5.25 I. Call Money 8,234.44 3.27 2.20-3.45 II. Triparty Repo 366,076.95 3.25 3.10-3.45 III. Market Repo 120,526.47 3.28 2.00-3.55 IV. Repo in Corporate Bond 35.00 5.25 5.25-5.25 B. Term Segment I. Notice Money** [...]
Make in India is need of the hour: Prime Minister Modi
New Delhi, Mar 3 (PTI) Prime Minister Narendra Modi on Thursday said Make in India is the need of the hour and appealed to the industry to reduce dependence on imports and boost domestic manufacturing.He urged the industry to make efforts to cut imports of goods that can be manufactured in India."Today, the world is [...]
Audi to hike vehicle prices up to 3 pc from April
New Delhi, Mar 3 (PTI) German luxury car maker Audi on Thursday said it will increase prices across its product range in India by up to 3 per cent from April 1. The price hike is a result of rising input costs and will come into effect from April 1, 2022, the automaker said in [...]
NEWSALERT
Reforms in SEZ Act to boost exports and promote Make in India: Prime Minister Modi. PTI RR BAL BAL
Russian sanctions are biting harder than it could have imagined, and it’ll get worse
Sydney, Mar 3 (The Conversation) It was only on Sunday that I wrote about the radical escalation in the economic and financial side of the war between Russia and Ukraine.That was before the financial markets opened on Monday, and before Russia had a chance to respond.But even by then – early Sunday morning Moscow time [...]
RIL subsidiary RSBVL, Sanmina set up electronic manufacturing joint venture
New Delhi, Mar 3 (PTI) Reliance Industries' subsidiary RSBVL and Sanmina Corporation on Thursday announced setting up of an electronic manufacturing joint venture in India that will focus on hi-tech infrastructure hardware across diverse sectors, including communications networking, defense and aerospace. Reliance Strategic Business Ventures Limited (RSBVL) will hold 50.1 per cent equity stake in [...]
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