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Stock hits 5% upper circuit after reporting 42% YoY increase in net profits
During Monday’s trading session, the shares of a company operating in the B2B Human Cloud segment in India hit a 5 percent upper circuit at Rs. 317.65 on NSE, after the company announced H1 FY25 financial results with a rise in net profit by 42 percent YoY. With a market cap of Rs. 307.8 crores, [...]
Stock jumps 8% after it receives approval to incorporates subsidiary in Saudi Arabia
Shares of this small-cap company primarily engaged in providing medium to heavy duty cranes on rental surged 8 percent after receiving board approval for establishing a wholly-owned subsidiary in Saudi Arabia. Price Movement In Monday's trading session, share price of Sanghvi Movers Ltd reached an intraday high of Rs.414 per share, up 8.3 percent from [...]
Cybersecurity stock jumps 4% after company partners with Google
Shares of this micro-cap company primarily engaged in the cybersecurity sector, focusing on vulnerability management, surged over 4 percent after collaborating with Google for MASA (Mobile Application Security Assessment) Assessor. Price Movement In Monday's trading session, share price of TAC InfoSec Limited reached an intraday high of Rs.698.95 per share, up 4.2 percent from the [...]
Stock hits 20% upper circuit after announcing 1:5 stock split and expansion plans
During Monday’s trading session, the shares of a micro-cap stock hit a 20 percent upper circuit to reach a new 52-week high at Rs. 298 on BSE, after the company’s Board announced a record date for a 1:5 stock split and approved proposed expansion plans. With a market cap of Rs. 617 crores, at 02:45 [...]
2 Ambani stocks fall 3% after their losses widens in Q2
The Ambani Group's stocks have seen a notable decline in share prices following the release of their Q2 FY25 financial results. The companies reported increasing losses, leading to heightened concerns among investors. Here are three Ambani Group stocks that experienced a drop in their share prices after the Q2 FY25 results were announced: Network18 Media [...]
Solar stock jumps 10% after receiving orders worth ₹765 Cr for solar cell modules
Shares of this newly listed company, which manufactures integrated Solar cells and modules, jumped approximately 10 percent to Rs.1,216.80 per share following the announcement of multiple orders for the supply of Solar PV cells and modules, totaling Rs.765 crores. Price Movement In Monday's trading session, Premier Energies Ltd share price hit an intraday high of [...]
Solar stock jumps 5% after receiving ₹186 Cr order for rooftop solar project in Dubai
Solar stock engaged in offering engineering, procurement, and construction (EPC) services for the development of solar power plants, energy storage solutions, and many more jumped upto 4 percent upon receiving solar project worth Rs. 186 Crores from UAEs clean energy development company. Price Action With a market capitalization of Rs. 3,186 Crores, the shares of [...]
Mukul Agrawal stock jumps 4% after acquiring 100% stake in US based company for $11.7 Mil
Shares of the world’s largest bed linen company increased by 4 percent following the acquisition of a 100 percent stake in Modern Home Textiles, Inc. for USD 11.7 million. Share price variations: With a market capitalization of Rs. 7,244.83 crores, Indo Count Industries Ltd. rose to an intraday high of Rs. 376.95 representing a 4 [...]
Large cap stock to buy with an upside potential of 25%; Do you hold it ?
Civil construction in India is a pivotal sector, projected to reach $1.4 trillion by 2025. With over 5,800 civil engineering colleges and a workforce of approximately 50 million, it significantly contributes to the economy, accounting for 9% of GDP. Urbanization demands innovative infrastructure solutions to support a population expected to hit 1.64 billion by 2047. [...]
RK Damani stock falls 10% after announcing weak result and downgrade by analysts
Damani Stock engaged in operating India’s largest supermarket chain, with focus on value-retailing, slumps upto 10 percent in the day’s trade following mixed Q2FY25 results and brokerage downgrades to underweight. Price Action With a market capitalization of Rs. 2,74,544 Crores, the shares of Avenue Supermarts Limited were trading at Rs. 4,219 per equity share, down [...]
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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 [...]
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NEWSALERT
Opening up of coal, mining and defence sectors have opened up huge opportunities: PM Modi. PTI RR BAL BAL
Scaler acquires online learning platform AppliedRoots for USD 50 million
New Delhi, Mar 3 (PTI) Bengaluru-based edtech firm Scaler has acquired online learning platform AppliedRoots for USD 50 million (about Rs 378 crore) to strengthen its course offerings for engineers. "We are delighted to welcome the AppliedRoots team to be part of the Scaler ecosystem. All the co-founders have extensive experience across software development, AI, [...]
RIL subsidiary RSBVL, Sanmina form electronic manufacturing joint venture
New Delhi, Mar 3 (PTI) Reliance Industries' subsidiary RSBVL and Sanmina Corporation on Thursday announced creation of an electronic manufacturing joint venture in India. Reliance Strategic Business Ventures Limited (RSBVL) will hold 50.1 per cent equity stake in the joint venture entity while Sanmina will have 49.9 per cent shareholding. RSBVL will achieve this ownership [...]
NEWSALERT
RIL's subsidiary RSBVL to hold 50.1 pc stake, Sanmina to own 49.9 pc shareholding in joint venture: Statement. PTI MBI RAM
NEWSALERT
RIL subsidiary and Sanmina form manufacturing joint venture in India to focus on hi-tech infrastructure hardware: Statement. PTI MBI RAM
Legislation introduced in US Senate to reform and stop abuse of H-1B visa system
Washington, Mar 3 (PTI) Seeking to comprehensively overhaul the H-1B and L-1 visa programmes, a bipartisan group of influential senators have introduced a legislation in the US Senate, which they argued will protect American workers and crack down on foreign outsourcing companies that exploit these popular visa programmes to deprive qualified Americans of high-skilled jobs.The [...]
Tata Steel initiates first equipment trial for cold rolling mill, pellet plant projects at Kalinganagar facility
Jamshedpur, Mar 2 (PTI) Tata Sons Chairman N Chandrasekaran on Wednesday initiated the first equipment trial for the upcoming cold rolling mill and pellet plant projects at Tata Steel facility in Kalinganagar in Odisha through the digital twin interface, a company statement said. This signifies the completion of a major milestone for the Kalinganagar expansion [...]
AGR dues: TDSAT says public, private sector cos cannot be treated differently
Mumbai, Mar 2 (PTI) Telecom disputes appellate tribunal TDSAT has ruled 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 [...]
IFSCA invites comments on its draft framework on sustainable financial lending
New Delhi, Mar 2 (PTI) The International Financial Services Centres Authority (IFSCA) on Wednesday invited public comments on the draft framework on sustainable and sustainability-linked lending by financial institutions in IFSCs. "The draft guidance framework intends to encourage the IFSC banking units (IBU) and finance companies/ finance units (FC/FUs) (undertaking lending activities from IFSCs) to [...]
HCL Technologies, IBM collaborate for telecom network solution
New Delhi, Mar 2 (PTI) IT company HCL Technologies on Wednesday announced opening of a centre of excellence in collaboration with IBM to jointly offer network modernisation technology to telecom companies. The centre is a virtual hub to develop offerings designed to help telco clients transform their networks, including telecom companies core, vRAN (virtualised radio [...]
CBIC reduces compliances in import of certain goods at concessional rate of duty
New Delhi, Mar 2 (PTI) The CBIC has reduced compliances required under the customs concessional duty rules and introduced end-to-end automation of the processes, an official statement said on Wednesday. The Customs (Import of Goods at Concessional Rate of Duty-IGCR) Rules, 2017 provide for procedural safeguards to ensure that the goods imported at a concessional [...]
Business briefs
Course5 Intelligence to invest Rs 30 cr for expansion Mumbai, Mar 2 (PTI) IPO-bound pure-play data analytics firm Course5 Intelligence will ramp up its overseas presence in the US, Canada and Singapore, apart from growing inorganically through acquisitions with an investment of Rs 30 crore. Course5 last month filed for a Rs 600-crore initial public [...]
Exports up 22.36% to USD 33.81 bn in Feb; trade deficit widens to USD 21.19 bn
New Delhi, Mar 2 (PTI) India's exports rose by 22.36 per cent to USD 33.81 billion in February on account of healthy growth in sectors like engineering, petroleum and chemicals, even as the trade deficit widened to USD 21.19 billion, according to preliminary data released by the commerce ministry on Wednesday. Imports during the month [...]
‘Surat diamond polishing industry so far not impacted by Russia-Ukraine war’
Ahmedabad, Mar 2 (PTI) Surat's diamond polishing industry is so far shielded from the adverse impact of the Russia-Ukraine war as there is no ban on the transaction from Russian rough diamond mining company Alrosa, and demand for the polished diamond in main global markets remains unaffected, an industry representative said Wednesday. Russia accounts for [...]
Sonata Software Named Microsoft Azure Expert Managed Service Provider
BANGALORE, India, March 2, 2022 /PRNewswire/ -- Sonata Software, a global IT Services and Technology Solutions Company, today announced that it has been named a Microsoft Azure Expert Managed Service Provider (MSP), in recognition of its demonstrated expertise in providing world-class solutions on Microsoft Azure. The Azure Expert MSP recognition is awarded after a rigorous [...]
Infosys Springboard onboards over 1.2 mn digital learners across India in 100 days
New Delhi, Mar 2 (PTI) IT major Infosys has onboarded over 1.2 million users across the country on its digital reskilling program Springboard in 100 days. Infosys Springboard has partnered with over 700 educational institutions and education departments of the state governments of Karnataka, Maharashtra, and Uttar Pradesh. "With every job profoundly transformed, thanks to [...]
STL, VMware and ASOCS unveil end-to-end 5G Enterprise solution at MWC 2022
MUMBAI, India, March 2, 2022 /PRNewswire/ -- STL [NSE: STLTECH], an industry-leading integrator of digital networks, together with ASOCS and VMWare, today announced the launch of industry's first end-to-end 5G Enterprise solution to address the growing demand for private 5G enterprise connectivity for campus, industrial and venue applications. Unveiled at MWC 2022, where STL demonstrated [...]
IT companies in Russia to be exempt from income tax for 3 years: PM Mishustin
Moscow, Mar 2 (PTI) All Information Technology companies in Russia will be exempt from paying income tax and free from inspections for three years, Prime Minister Mikhail Mishustin announced on Wednesday, as the West stepped up economic sanctions on Moscow for its invasion of Ukraine.Western countries led by the United States have imposed a series of economic sanctions on [...]
NMDC Apr-Feb output jumps 26%; sales up 25.5%
New Delhi, Mar 2 (PTI) State-owned miner NMDC has posted a 26 per cent jump in its iron ore output to 37.18 million tonnes (MT) during April-February period of 2021-22, an official statement said on Wednesday. During the year-ago period, the company had produced 29.52 MT of iron ore, the Ministry of Steel said. In [...]
ATC India appoints Sandeep Girotra as CEO
New Delhi, Mar 2 (PTI) Telecom infrastructure provider ATC India on Wednesday announced the appointment of Sandeep Girotra as its chief executive officer (CEO). He succeeds Ashwini Khillan, who is moving into a new Asia-Pacific regional leadership role, ATC India said in a statement. Girotra has over 30 years of experience across various functions within [...]
Lenders wary about new to credit customers, says Cibil report
Mumbai, Mar 2 (PTI) Lenders seem to be turning wary about serving the New To Credit (NTC) customers and showing more preference towards existing borrowers, a report said on Wednesday. Demand for credit continues to accelerate even after the end of the festive season but seems to be driven more by consumption and the riskier personal [...]
Active monthly users of Indian apps, games jump 200 pc on Google Play in 2021
New Delhi, Mar 2 (PTI) Indian apps and games have been receiving extraordinary interest from investors and their active monthly user base grew 200 per cent on Google Play in 2021 compared to 2019, a senior Google official said Wednesday. While announcing the Appscale Academy Class of 2022, Google Play Partnerships Vice-President Purnima Kochikar said [...]
Max Life incorporates pension fund subsidiary, to infuse Rs 55 cr
New Delhi, Mar 2 (PTI) Max Life Insurance Company Ltd has incorporated a wholly-owned subsidiary Max Life Pension Fund Management Ltd and will infuse Rs 55 crore into the firm by subscribing to 5.5 crore shares. The wholly-owned subsidiary company of Max Life Insurance Company Ltd (Max Life), a material subsidiary of Max Financial Services [...]
COAI, GSMA sign pact to advance mobile telecommunications in India
New Delhi, Mar 2 (PTI) Industry bodies COAI and GSMA on Wednesday announced signing a pact to advance mobile telecommunications in India and collaborate on "areas of mutual interest". The memorandum of understanding (MoU) was signed in Barcelona by COAI Director-General S P Kochhar and GSMA Head (Asia-Pacific) Julian Gorman. In a joint statement issued [...]
Govt policy push to put solar manufacturing industry on strong footing: ISMA
New Delhi, Mar 2 (PTI) The government's recent policy initiatives to promote the manufacturing of solar power equipment in the country will put the industry on a strong footing and help achieve ambitious targets, industry body ISMA said on Wednesday. The government has set an ambitious target of 500 gigawatts of renewable capacity by 2030, [...]
FMCG industry faced consumption slowdown in urban markets, degrowth in rural areas in 2021: NielsenIQ
New Delhi, Mar 2 (PTI) The Indian FMCG industry witnessed a consumption slowdown in urban markets and de-growth in rural areas in 2021 as the sector was hit hard by higher inflation levels forcing companies to go for successive price increases, according to data analytics firm NielsenIQ. In 2021, the FMCG industry had to go [...]
Sixth Sense Ventures leads Rs 76-crore investment in Prozo
New Delhi, Mar 2 (PTI) Venture capital firm Sixth Sense on Wednesday said it has led a Rs 76-crore Series-A funding round in logistics start-up Prozo. Jafco Asia and high net worth individuals also participated in the round. The funds will be used to expand Prozo's warehousing and fulfilment footprint, client base, and technology and [...]
Policy to come in 7-8 days to promote private sector R&D in railways: Vaishnaw
New Delhi, Mar 2 (PTI) The Indian Railways will come up with a policy in the next 7-8 days to make private-sector research and development a major part of the railway budget with 90 per cent allocation in the future, Union Minister Ashwini Vaishnaw said on Wednesday. While speaking in the concluding session of a [...]
Days after FM’s remark on NSE matter, Tyagi says Sebi didn’t dilute NSE orders, acted as per remit
Mumbai, Mar 2 (PTI) Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing Chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala [...]
IRF-IC starts training prog in Karnataka for providing first aid to accident victims
New Delhi, Mar 2 (PTI) International Road Federation's India Chapter (IRF-IC) on Wednesday said it has started a training programme with Karnataka's police personnel, roadside amenities providers and schools, among others, for providing first aid to accident victims. In a statement, IRF-IC said that providing training to police personnel, bystanders such as truck drivers, dhaba owners [...]
Railway registers record increase of 176 MT loading in FY 2021-22 till Feb, over last year
New Delhi, Mar 2 (PTI) The Railways has registered a record increase of 176 MT in loading during this financial year till February 28 as compared to last year, according to official data.The national transporter has set a target of achieving 1,400 MT of loading by the end of this financial year, officials said.The total [...]
UPL plans share buyback of up to Rs 1,100 cr
New Delhi, Mar 2 (PTI) Agro-chemicals major UPL Ltd on Wednesday announced a buyback of shares worth up to Rs 1,100 crore from shareholders, excluding promoters. In a regulatory filing, the company said its board has approved the proposal to buy back fully paid-up equity shares of face value of Rs 2 each from shareholders [...]
Sebi penalises individual for flouting insider trading rules in Manappuram Finance case
New Delhi, Mar 2 (PTI) Markets regulator Sebi has penalised an individual for procuring unpublished price-sensitive information related to financial results of Manappuram Finance Ltd (MFL) and communicating the same through a research report. The regulator levied a fine of Rs 15 lakh on Pankaj Agarwal, who was part of the research department of Ambit [...]
Rajasthan agri minister says govt committed to paying claim amount to farmers with 12% interest
Jaipur, Mar 2 (PTI) Rajasthan Agriculture Minister Lalchand Kataria on Wednesday said the state government is committed to paying the claim amount to farmers along with 12 per cent interest under the PM Crop Insurance Scheme. Kataria was answering supplementary questions in the state Assembly during the Question Hour. He said insurance claims worth Rs [...]
WardWizard Innovations sales jump over 13-fold in Feb
New Delhi, Mar 2 (PTI) WardWizard Innovations and Mobility -- which sells a range of electric two-wheelers under the Joy e-bike brand -- on Wednesday said it has sold 4,450 units in February.The company had sold 320 vehicles in the same month of the last year.The Gujarat-based EV maker said the dispatches last month were [...]
Rupee skids 47 paise to 75.80 against US dollar
Mumbai, Mar 2 (PTI) The rupee depreciated by 47 paise to close at 75.80 against the US dollar on Wednesday, pressured by the Russia-Ukraine crisis which also sent crude oil above the USD 110 per barrel mark. Forex traders said sustained foreign fund outflows and a lacklustre trend in domestic equities also weighed on investor [...]
Investments in agri-tech start-ups rise sharply to nearly Rs 6,600 cr in 4 yrs till 2020: Report
New Delhi, Mar 2 (PTI) Investments in agri-tech start-ups significantly grew in four years to nearly Rs 6,600 crore till 2020 on the back of explosive growth potential for companies that address inefficiencies across the agri value chain, according to a report. Indian agriculture has faced some challenges in the past. However, the sector is [...]
Madhabi Puri Buch takes over as Sebi chief, thanks Tyagi for setting strong foundation
Mumbai, Mar 2 (PTI) Madhabi Puri Buch took over as the Chairperson of capital markets regulator Sebi on Wednesday, succeeding Ajay Tyagi who completed his five-year term. Buch, the first woman to head the important financial regulator and also the first non-bureaucrat to lead it in many years, was appointed by the government for a [...]
Next set of telecom reforms to ensure agile regulatory framework in sync with global best: Vaishnaw
New Delhi, Mar 2 (PTI) Reforms undertaken in the telecom sector in September last year have yielded "very good" results, and the next set of reforms will be geared towards ensuring that the regulatory framework is in sync with the global best, according to Communications Minister Ashwini Vaishnaw. While the first round of telecom reforms [...]
‘Dictators’ would ‘pay a price’ for ‘invading’ a foreign country: Biden in first State of the Union address
Washington, Mar 2 (PTI) Accusing his Russian counterpart of waging a "premeditated and unprovoked" war against Ukraine, President Joe Biden in his first State of the Union address asserted that "dictators" like Vladimir Putin would "pay a price" for "invading" a foreign country.Set upon a backdrop of a conflict in Ukraine that grows deadlier each [...]
Policy to come in 7-8 days to promote private sector R&D in railways: Vaishnaw
New Delhi, Mar 2 (PTI) The Indian Railways will come up with a policy in the next 7-8 days to make private-sector research and development a major part of the railway budget with 90 per cent allocation in the future, Union Minister Ashwini Vaishnaw said Wednesday. While speaking in the concluding session of a post-Budget [...]
Tata Motors commences bookings for Altroz DCA
New Delhi, Mar 2 (PTI) Tata Motors on Wednesday said it has commenced bookings for the Altroz DCA, the dual-clutch automatic version of the premium hatchback. The bookings for Altroz DCA can be done at all authorised dealerships of the company with an amount of Rs 21,000 and deliveries for the same will start from [...]
Lenders to soon vote on new debt resolution plan for IL&FS Group arm CNTL
Mumbai, Mar 2 (PTI) To speed up the debt resolution for the IL&FS group entity CNTL, the lenders led by State Bank of India will meet shortly to evaluate and vote on the new resolution plan that the firm has proposed at a valuation of Rs 5,257 crore. CNTL, which owes a little over Rs [...]
Edelweiss Housing, Stan-C enter into co-lending partnership to cater to MSME borrowers
New Delhi, Mar 2 (PTI) Edelweiss Housing Finance (EHFL) has entered into a co-lending partnership with Standard Chartered Bank, under which they will jointly service loans against property to customers in 20:80 ratio. Announcing the tie-up, the Edelweiss group's housing finance arm said the co-lending arrangement is specially targeted towards micro, small and medium enterprises [...]
Prayers for World Peace held at The Art of Living International Center as part of Maha Shivratri
Bengaluru, Karnataka, India (NewsVoir) This year thousands of devotees from across India arrived at the Art of Living International Center to celebrate MahaShivratri in the presence of the humanitarian and spiritual leader, Gurudev Sri Sri Ravi Shankar, Founder, Art of Living. "Let us all pray for peace to prevail in Europe. Our Art of Living [...]
Investors’ wealth tumbles Rs 86,742 cr as stocks plunge
New Delhi, Mar 2 (PTI) Investors' wealth tumbled Rs 86,741.74 crore on Wednesday, mirroring weakness in the global equity markets amid escalating tensions between Russia and Ukraine. The BSE benchmark Sensex slumped 1,227.18 points to 55,020.10 during the day in line with a global selloff. It finally settled at 55,468.90, lower by 778.38 points or [...]
President Biden appeals for big cash infusion to US semiconductor industry
Washington, Mar 2 (PTI) President Joe Biden has appealed for a big cash infusion to America's semiconductor industry amid an acute chip shortage, including in India, and fears that China might overtake the US in this critical technology.Semiconductor chips function as the brains of cars, medical equipment, household appliances and electronic devices.In January, President Biden [...]
Days after FM’s remark on NSE matter, Tyagi says Sebi didn’t dilute NSE orders, acted as per remit
Mumbai, Mar 2 (PTI) Days after the government went public with its intent to examine a Sebi order in the NSE matter, its outgoing Chairman Ajay Tyagi on Wednesday made it clear that the markets regulator did not "dilute" any of the quasi-judicial verdicts. The comments assume significance as they come after Finance Minister Nirmala [...]
Union Bank raises Rs 1,500 cr by issuing bonds
New Delhi, Mar 2 (PTI) Union Bank has raised Rs 1,500 crore by issuing Basel III compliant bonds to investors.The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds in the nature of debentures, aggregating to Rs 1,500 crore.The bonds are eligible for inclusion in the tier-I capital [...]
Govt needs to rework solar pumps’ pricing under PM-KUSUM for wider coverage: Shakti Pumps CMD
New Delhi, Mar 2 (PTI) The government needs to rework the pricing policy of solar-powered irrigation pumps for wider implementation of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), Shakti Pumps Chairman and Managing Director Dinesh Patidar said on Wednesday. The solution to this problem is to either bid at commercial rate or [...]
WardWizard Innovations sales jump over 13-fold in Feb
New Delhi, Mar 2 (PTI) WardWizard Innovations and Mobility -- which sells a range of electric two-wheelers under the Joy e-bike brand -- on Wednesday said it has sold 4,450 units in February.The company had sold 320 vehicles in the same month of the last year.The Gujarat-based EV maker said the dispatches last month were [...]
‘Bengaluru India Nano’ from March 7-9
Bengaluru, Mar 2 (PTI) The 12th edition of 'Bengaluru India Nano' with 'Nano for Sustainable Future' as the theme is to held on virtual mode from March 7 to 9. Over 10 countries, including Israel, Japan, Germany, Canada, would be participating in the event, said Karnataka IT-BT and Skill Development Minister C N Ashwath Narayan [...]
Rural India can only develop through cooperative business model: Amul MD R S Sodhi
New Delhi, Mar 2 (PTI) Expressing concern over increasing income disparity between urban and rural India, Gujarat Cooperative Milk Marketing Federation (GCMMF) MD R S Sodhi on Wednesday said the cooperatives business model should be strengthened for the development of small farmers, workers, retailers and consumers. GCMMF markets its milk and other dairy products under [...]
Hero MotoCorp names Reema Jain as Chief Information & Digital Officer
New Delhi, Mar 2 (PTI) The country's largest two-wheeler maker Hero MotoCorp on Wednesday said it has appointed Reema Jain as the new Chief Information & Digital Officer to lead the technology-driven business transformation.She will strengthen the company's initiatives such as IT-related infrastructure, strategic planning, aligning digital strategies including the usage of new-age technologies.Jain will [...]
MUMMBAI, MAR 2 (PTI)
MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 67030.00 67112.00 STANDARD GOLD (99.5) : 51361.00 51194.00 PURE GOLD (99.9) : 51567.00 51400.00 -------------- PTI MUM SVC SVC SVC
UCO Bank extends partnership with Fisdom; to offer demat account, stockbroking services
New Delhi, Mar 2 (PTI) State-owned UCO Bank has extended the fintech partnership with Fisdom to include demat account and stockbroking services, pension funds and tax filing, with an objective to offer customers a three-in-one personal banking experience. The extension suite will be offered through UCO Bank's mobile banking application, UCO mBanking Plus, and will [...]
Sensex snaps 2-day gains as Russia-Ukraine conflict escalates; Tata Steel, RIL spurt
Mumbai, Mar 2 (PTI) Reversing their two-session rising streak, equity benchmarks buckled under selling pressure on Wednesday as the Russia-Ukraine war hammered investor confidence and roiled financial markets globally. A sharp depreciation in the rupee, unabated selling by foreign investors and lacklustre macroeconomic data added to the gloom, analysts said. The 30-share BSE Sensex opened [...]
Hero MotoCorp shares decline over 4 pc after sales data
New Delhi, Mar 2 (PTI) Shares of Hero MotoCorp on Wednesday tumbled over 4 per cent after the company reported a 29 per cent decline in total sales in February.The stock declined 4.29 per cent to settle at Rs 2,427.50 on the BSE. During the day, it tanked 4.51 per cent to Rs 2,421.80.At the [...]
Trivitron Healthcare acquires US-based The Kennedy Company
New Delhi, Mar 2 (PTI) Medical technology firm Trivitron Healthcare on Wednesday said it has acquired US-based The Kennedy Company, a leading manufacturer of radiation shielding materials and acoustic barrier products. Financial details were not disclosed. "This acquisition will make Trivitron one of the very few fully vertically integrated radiation protection manufacturers in the world, [...]
Aluminium industry body urges PMO to ensure coal supply on priority; ‘industry plagued by shortage’
New Delhi, Mar 2 (PTI) The Aluminium Association of India (AAI) on Wednesday said that non-power industries, including aluminium companies, has been "plagued" by a protracted coal shortage for the past seven months and urged the Prime Minister's Office (PMO) to ensure on priority a supply of at least 25-30 coal rakes per day to [...]
TABPS Pets Raises 4cr Seed Money From Angel Investors
TABPS announced that it has raised Rs. 4 crore as a part of its seed funding round from a group of angel investors. TABPS Pets is a start-up based out of Coimbatore, Tamil Nadu. TABPS owns the FiloMilo brand which is engaged in the manufacturing of Ayurvedic powered Pet Treats and grooming items FiloMilo has [...]
State GDP projected to grow 6.15 pc in FY’23; economy well placed to meet challenges: Jharkhand Economic Survey
(Eds: Adding details) Ranchi, Mar 2 (PTI) Jharkhand's economy is expected to grow by 6.15 per cent in the fiscal beginning April 1, 2022, and is well placed to meet the future challenges on the back of good monsoon, reforms and schemes, said the pre-Budget Economic Survey on Wednesday. The Economic Survey 2021-22, tabled by [...]
E-Bill system will end ‘rent seeking’ in govt contracts: FM
New Delhi, Mar 2 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said the new Electronic Bill (e-Bill) processing system will stop any possible 'rent seeking' in the clearance of dues to contractors or suppliers of government departments.The e-Bill processing system, which was announced in the Budget, was launched on Wednesday. It will be implemented across [...]
EventScape Announces India’s First Community For Independent Filmmakers to Host, Ticket, Stream and Engage their Audiences
Mumbai, Maharashtra, India (NewsVoir) EventScape.live aims to provide creators & makers an easy-to-use platform for distribution and marketing of their content such as feature films, short films, shows, documentaries and plays to their communities, along with additional services like financial, legal, social and mentorship. With this, EventScape intends to build larger communities of fans & [...]
Coronary Laser Angioplasty Saves Life of a 58 Year Aged Man at Kauvery Hospital
Chennai, Tamil Nadu, India (NewsVoir) • Excimer Laser Coronary Angioplasty (ELCA) emits laser beams which create more space in the blood vessels, clearing heavily deposited calcium thereby facilitating delivery of stents which might have otherwise been difficult through a normal angioplasty • The Excimer Laser Coronary Angioplasty Technology is available in only few centers across [...]
UCO Bank ties up with Fisdom for launching paperless facilities
Kolkata, Mar 2 (PTI) City-based UCO Bank on Wednesday said it has tied up with fintech firm Fisdom for launching paperless facilities of Demat account, pension fund, e-tax filing and stockbroking services through mobile banking channel. UCO Bank customers will now be able to track stocks, evaluate their performance, learn about IPOs and secondary capital [...]
Staying open and connected globally critical to Singapore’s competitiveness: Finance Minister
Singapore, Mar 2 (PTI) Staying open and connected to the world is critical to Singapore's competitiveness and attract global investors and the country must never let anti-foreigner sentiments take root, Finance Minister Lawrence Wong said on Wednesday, while explaining the latest tweaks to foreign worker policies.During his round-up speech on this year's Budget in Parliament, [...]
Hershey India Celebrates International Women’s Day With Limited Edition Packaging, Celebratory Rap Song and Strategic Partnerships
The brand amplified its popular ‘HERSHE’ campaign further this year by launching commemorative packs that celebrate Six ‘Unsung Sheroes’ and a one – of - its kind celebratory rap song Mumbai, Maharashtra, India – Business Wire India Hershey India is proud to recognize, honor and uplift women and girls this month through activations in India [...]
Over seven hour power cuts in Sri Lanka as forex crisis deepens
Colombo, Mar 2 (PTI) Sri Lanka will face over seven-hour power cuts on Wednesday, the longest to be experienced by the island nation since 1996, officials said, amidst the worst economic crisis in decades.Sri Lanka is currently reeling under a severe foreign exchange crisis and the government is unable to foot the bill for essential [...]
Religare Enterprises to create war chest for new biz ventures
New Delhi, Mar 2 (PTI) Diversified financial services provider Religare Enterprises Ltd (REL) on Wednesday said it is in the process of setting up a war chest for new ventures. In a regulatory filing, the Non-Banking Finance Company (NBFC) said it was going to enter new strategic sectors, including asset reconstruction, alternate investment funds, insurance [...]
India adds record 10 gigawatt solar capacity in 2021: Report
New Delhi, Mar 2 (PTI) India installed a record 10 gigawatt (GW) of solar capacity during calendar year 2021, registering a year-on-year rise of 212 per cent, according to Mercom India Research. The country had made 3.2 GW of solar capacity installations during 2020, the research firm said in its latest report. Cumulative solar installed [...]
Recur Club expects 500 firms with USD 200-mn tradable subscription on its platform by yr-end
New Delhi, Mar 2 (PTI) Recur Club, a platform where companies with subscription-based business models can raise funds by trading their future recurring revenues, expects to list a minimum of 500 firms with a tradable subscription value of USD 200 million by the end of this year, a company official said on Wednesday. The platform [...]
Kia India sales rise 8.5 pc in February
New Delhi, Mar 2 (PTI) Kia India on Wednesday said its sales increased 8.5 per cent year-on-year to 18,121 units in February. The automaker had dispatched 16,702 units to dealers in February 2021. The company said it continues to remain one of the top five selling car manufacturers in the country, owing to the consistent [...]
BharatPe strips Grover of co-founder tag; may claw back some of his shares
New Delhi, Mar 2 (PTI) Payment startup BharatPe has stripped its co-founder Ashneer Grover of all positions for his alleged "misdeeds" and may take further legal actions, including clawing back of some of his shareholding. BharatPe, which allows shop owners to make digital payments through QR codes, in a statement said Grover resigned after receiving [...]
MUMBAI, MAR 2 (PTI)
METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 770.00 COPPER HEAVY SCRAPS 760.00 COPPER ARMATURE (CREDIT) 740.00 COPPER UTENSILS SCRAP 655.00 CC ROD 820.00 BRASS :- BRASS SHEET CUTTING 555.00 BRASS UTENSIL SCRAP 500.00 BRASS HONEY 490.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 197.00 ALUMINIUM EXTRUSION SCRAP 229.00 ALUMINIUM INGOTS 289.00 OTHER : - [...]
MUMBAI, MAR 2 (PTI)
OILS (per 10 Kgs) G.Nut Raw 1600.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. - Sunflower Exp.Ref. 1690.00 Cottonseed(Refined) 1595.00 Refined Palm Oil 1560.00 Soyabean Ref. 1580.00 Imp.Soyabean Crude - Rapeseed Ref. 1570.00 Rapeseed Exp. 1540.00 Copra white 1650.00 Rice Bran 4-7% FFA - Rice Bran 1410.00 Linseed 1950.00 Castor Comm. 1498.00 F.S.G. 1508.00 [...]
Average increment in India likely to increase to 9.1 pc in 2022: Survey
New Delhi, Mar 2 (PTI) Indian companies are expected to dole out an average increment of 9.1 per cent in 2022, higher than the pre-COVID-19 increment in 2019, as companies are focusing on retention of talent through rewards. According to the 2022 Workforce and Increments Trends Survey by Deloitte Touche Tohmatsu India LLP, the average [...]
Crude oil futures jump on spot demand
New Delhi, Mar 2 (PTI) Crude oil prices rose by Rs 436 to Rs 8,341 per barrel on Wednesday 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 436 or 5.52 per cent at Rs 8,341 [...]
Guar seed futures rise on fresh bets
New Delhi, Mar 2 (PTI) Guar seed prices on Wednesday rose by Rs 89 to Rs 5,972 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for March contracts increased by Rs 89 or 1.51 per [...]
Guar gum futures rise on spot demand
New Delhi, Mar 2 (PTI) Guar gum prices on Wednesday rose by Rs 125 to Rs 10,863 per five quintal in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher by Rs 125 or 1.16 per cent at Rs [...]
Jharkhand FM tables Economic Survey Report in Assembly; state GDP growth expected at 8.8% in FY22
Jharkhand, Mar 2 (PTI) The Jharkhand government on Wednesday presented its Economic Survey Report in the Assembly that estimates 8.8 per cent growth in its real Gross State Domestic Product (GDP) in the current fiscal. The Economic Survey that details the state of the economy ahead of the government's budget for the fiscal year beginning [...]
IIHM Culinary Education Tour 2022 starts with Lucknow, Jaipur, Delhi and Goa as Destinations
NEW DELHI, March 2, 2022 /PRNewswire/ -- Bidding adieu to virtual tours, IIHM students once again took to the streets of India, to taste, experience and learn about the culinary history of Indian cuisine. The IIHM Culinary Educational Tour 2022 kicked off on February 28, 2022 in which 17 students from Food Production department of [...]
TN: Power loom weavers resume work after calling off strike
Coimbatore, Mar 2 (PTI) Nearly two lakh power looms in Coimbatore and Tirupur districts started functioning on Wednesday following an agreement reached on revising wages. The power loom unit owners were on an indefinite strike from January 9 demanding implementation of a government order issued in November last year on revision of wages from master [...]
Vasant Masala’s State-of-the-art Manufacturing Plant Commissioned
AHMEDABAD, India, March 2, 2022 /PRNewswire/ -- Vasant Masala, the leading spices brand of Gujarat for the past 52 years, has started production from its new plant facility at Dehgam in Gujarat. The ultra-modern plant is equipped with fully-automated technology and processes. It can produce a wider range of spices without any kind of human [...]
DefExpo 2022: Crown Group Defence to Showcase their Capabilities in MRO and Indigenous Manufacturing for Indian Defence Services
New Delhi | Gandhinagar, India (NewsVoir) • Preferred Partner of Choice for Global OEMs to manufacture spares and components in affiliated manufacturing clusters, i.e. Aircraft, Armoured Vehicles and Ship modernisation under ‘Make in India’ & ‘AatmaNirbhar Bharat’ scheme of the Govt. of India The Crown Group Defence, the numero uno technology provider, component manufacturer and [...]
Takeda names Serina Fischer as head of India operations
New Delhi, Mar 2 (PTI) Takeda Pharmaceutical Company on Wednesday said it has appointed Serina Fischer as General Manager for India operations. The appointment is effective from March 1, 2022. In her new role, Serina will lead the company's business in India, ensuring patient access to the company's highly innovative medicines, the drug firm said [...]
Wigwam Ropes in Kartik Aaryan as Brand Ambassador
Delhi, India (NewsVoir) Wigwam Plywood offers a versatile plywood range that aims to reinvent the market with its motto of delivering ‘Ply as it should be’. A sub-brand of Savitri Woods, Wigwam is the first plywood brand in the Indian market today which exclusively manufactures only calibrated plywood. Establishing its presence in more than 22 [...]
TVS Motor Company Launches Naked Street Design ‘TVS Raider’ Motorcycle for Gen Z in Latin America
Equipped with best-in-class Acceleration, Reverse LCD Cluster and Animalistic LED Headlamps TVS Raider has a distinctly sporty and stylish look Hosur, Tamil Nadu, India (NewsVoir) TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, today announced the launch of the feature-rich offering in the 125cc segment TVS Raider for the aspirational [...]
Veddis Foundation and J-PAL South Asia Set up ASPIRE to Accelerate Evidence-based Policymaking
New Delhi, Delhi, India (NewsVoir) The Abdul Latif Jameel Poverty Action Lab (J-PAL) South Asia and Veddis Foundation announced the launch of the Alliance for Scaling Policy Impact through Research and Evidence (ASPIRE) today. ASPIRE aims to spur the adoption of anti-poverty policies rooted in scientific evidence and data. Veddis Foundation is anchoring ASPIRE with [...]
Sachin Khedekar & Prajakta Mali @ 57th Birthday Celebrations of Sanjay Ghodawat & SGU’s Annual Gathering
KOLHAPUR, India, March 2, 2022 /PRNewswire/ -- Mr. Sanjay D. Ghodawat's 57th birthday celebrations, as well as the opening of the Annual Social Gathering for the Sanjay Ghodawat University (SGU), were hosted in a grand fashion at the University Campus on February 28th, 2022. Adding star glamor to the event, Mr. Sachin Khedekar, a renowned [...]
HarperCollins Publishers India Presents Handle with Care Travels with my Family (To Say Nothing of the Dog)
NEW DELHI, March 2, 2022 /PRNewswire/ -- HarperCollins Publishers India is proud to announce the launch of 'Handle with Care Travels with my Family (To Say Nothing of the Dog)' by Shreya Sen-Handley today. "Shreya's desire for new experiences, and her attention to detail, remind me of Robert Louis Stevenson's travel writings. Never a dull [...]
Kia India sales rise 8.5 pc in February
New Delhi, Mar 2 (PTI) Kia India on Wednesday said its sales increased 8.5 per cent year-on-year to 18,121 units in February.The automaker had dispatched 16,702 units to dealers in February 2021.The company said it continues to remain one of the top five selling car manufacturers in the country, owing to the consistent performance of [...]
PRICES MUM GENERAL OPEN
MUMBAI, MAR 2 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 67030.00 STANDARD GOLD (99.5) : 51361.00 PURE GOLD (99.9) : 51567.00 -------- CALCUTTA BULLION :- SILVER RDY.(BAR) : 65950.00 RS. PER KG.SILVER RDY.(PORTION) : 66050.00 RS. PER KG.GOLD (24 CARAT) RDY. : 51550.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 48900.00 RS. [...]
NIACL CMD Atul Sahai superannuates
New Delhi, Mar 2 (PTI) New India Assurance Company Ltd (NIACL) on Wednesday said the tenure of chairman and managing director Atul Sahai has ended on February 28, 2022."This is to inform you that on attaining superannuation of the tenure of Atul Sahai, Chairman-cum-Managing Director on the board of our company, ceased with effect from [...]
Zapkey raises USD 2 mn from Gruhas Proptech, DLF Family Office, others
New Delhi, Mar 2 (PTI) Prop tech startup Zapkey that helps its customers with guaranteed home sales, has secured USD 2 million in a funding round led by Nikhil Kamath and Abhijeet Pai-backed Gruhas Proptech. The seed funding round also saw participation from the DLF Family Office, Blume Founders Fund, the Alkem Labs Family, Aprameya [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, MARCH 2 (PTI) Money Market Operations as on FEB 28 2021 (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 503,579.57 3.23 0.01-3.75 I. Call Money 7,696.11 3.29 2.20-3.60 II. Triparty Repo 376,262.65 3.23 3.09-3.75 III. Market Repo 119,620.81 3.24 0.01-3.45 IV. Repo [...]
HC dismisses bail plea of Gautam Thapar in money laundering case
New Delhi, Mar 2 (PTI) The Delhi High Court Wednesday dismissed a bail plea by Avantha Group promoter Gautam Thapar in a Rs 500-crore money laundering case lodged by the Enforcement Directorate (ED).Justice Manoj Kumar Ohri denied the relief to Thapar, who was arrested under the Prevention of Money Laundering Act (PMLA) on August 3, [...]
UST accelerates digital business transformation with RISE with SAP
Thiruvananthapuram, Mar 2 (PTI) UST, a leading digital transformation solutions company, on Wednesday announced its qualification to offer services in support of the RISE with SAP solution. RISE with SAP brings together what businesses need to pursue their digital transformation objectives and accelerate their move to the cloud while benefiting from the ability to begin [...]
Can wealthy nations stop buying Russian oil?
Massachusetts (US), Mar 2 (The Conversation) How important is Russia as a global oil supplier? Russia produces close to 11 million barrels per day of crude oil. It uses roughly half of this output for its own internal demand, which presumably has increased due to higher military fuel requirements, and exports 5 million to 6 [...]
TVS Motor launches Raider bike in Latin America
New Delhi, Mar 2 (PTI) TVS Motor Company on Wednesday said it has launched 125cc bike Raider in various Latin American markets.The model, which comes with first-in-class features such as an LCD digital speedometer and under-seat storage, has been launched in Colombia, Guatemala, Honduras and Nicaragua."Latin America (LATAM) is an important market for the company. [...]
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