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Stock backed by Govt. of Singapore jumps 4% after receiving approval for ₹12,000 Cr Residential Project

A real estate stock backed by the Government of Singapore experienced a 5% surge in trading on Tuesday following the announcement of a significant project approval. The company secured the Real Estate Regulatory Authority (RERA) approval for a new development project with an estimated Gross Development Value (GDV) of Rs.9,000 crore.  Price Movement During Wednesday’s [...]

Textile stock skyrockets 13% after company’s net profit increases by 52% YoY

The shares of the textile company, one of the largest women's bottom-wear brands in India, jumped up to 13 percent after announcing its Q4 results, which showed a 52 percent year-on-year (YoY) increase in profit. Price action With a market capitalization of Rs. 4,255.91 crores on Wednesday, the shares of Go Fashion (India) Ltd jumped [...]

Fertilizer stock jumps after reporting 253% YoY increase in net profits

During Wednesday’s trading session, the shares of India’s leading agri-solutions provider offering diverse products and services across the farming value chain are in focus on the stock exchanges, after reporting Q4 FY25 financial results with a rise in net profit by around 14 percent QoQ and 253 percent YoY. Price Movements With a market capitalisation [...]

EV stock crashes after announcing its Q4 results

During Wednesday’s trading session, the shares of a company primarily engaged in the manufacturing of storage batteries moved down by nearly 5 percent on BSE, after the company reported financial results for Q4 FY25. Price Movements With a market capitalisation of Rs. 30,022 crores, at 03:17 p.m., the shares of Exide Industries Limited were trading [...]

Solar stock jumps 6% after receiving order worth ₹50 Cr for solar power plant

During Wednesday’s trading session, the price of a solar equipment manufacturing company surged up to 6% intraday after securing an order worth 50.52 crore from Braithwaite & CO. Limited Price movement With a market capitalization of Rs. 414.5 crores, on Wednesday, the shares of GP Eco Solutions India Ltd were trading up by close to [...]

Auto ancillaries stock in focus after company to invest ₹423 Cr for EV Powertrain Project

The share of the Auto Ancillaries - Electrical company recovered 3 percent from its day low after announcing a joint venture manufacturing of High Voltage EV powertrain products. Price Movements With the market capitalization of Rs 51,680 Crores, the share of Uno Minda Ltd is up by 0.99 percent compared to the previous close of [...]

When will Nifty 50 hit 25,000 and Bank Nifty break 56,000? Here’s everything you need to know

The Indian stock market has experienced a significant rally recently, with the Nifty 50 and Bank Nifty showing considerable consolidation now. As global and domestic market conditions continue to evolve, investors and traders are left wondering whether the Nifty 50 can climb above 25,000 and if the Bank Nifty can surpass 56,000 during this sideways [...]

Defence stock jumps after company receives Maharatna status

The shares of the leading defence company gained up to 2.2 percent after the company received approval for Maharatna Central Public Sector Enterprise (CPSE).  With a market capitalization of Rs 3.01 lakh crore, the shares of Hindustan Aeronautics Ltd were trading at Rs 4,510.00 per share, increasing around 1.42 percent as compared to the previous [...]

5 Stocks in which mutual funds increased their stake by 10% in Q2

Mutual funds are investment vehicles that pool money from multiple investors to purchase a diversified portfolio of stocks, bonds, or other securities, which helps reduce the overall risk of the investment and protect the investor's portfolio from the volatility of individual securities.  Listed below are some of the stocks in which Mutual Funds have increased [...]

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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 [...]
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Oct 12, 2024

₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years

Editor's Pick, News

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 [...]

Oct 12, 2024

Latest Market News

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BharatPe says reserves rights to take further legal action against co-founder Grover, family; remains silent on his resignation. PTI BAL BAL

NEWSALERT

BharatPe alleges family of co-founder Ashneer Grover and his relatives engaged in extensive misappropriation of company funds. PTI PRS ANZ BAL BAL

NEWSALERT

Other enforcement agencies are also investigating the matter, let them come out with their findings, says Tyagi on NSE. PTI AA DRR DRR

Jindal School of International Affairs Wins Prestigious Grants awarded by US & Australian Governments

Sonipat, March 2, 2022: The Jindal School of International Affairs (JSIA) of O.P.Jindal Global University (JGU) has been awarded two significant grants from the governments of the United States of America and Australia to further training and research that enhance India’s strategic partnerships. In February 2021, JSIA successfully bid and won a competitive andprestigious Grant [...]

Biden Presidency is about giving everyone a fair shot says Indian American Bhutoria

Washington, Mar 2 (PTI) Describing Joe Biden's maiden State of the Union Address as “historic”, an eminent Indian American community leader has said his Presidency is about giving everyone a fair shot.“In his first State of the Union, President Biden spoke directly to the American people about his vision to build a better America,” Ajay [...]

BENETTON REVOLUTIONISES THE METAVERSE EXPERIENCE

MILAN and NEW DELHI, March 2, 2022 /PRNewswire/ -- United Colors of Benetton will transform its Corso Vittorio Emanuele store during Milan Fashion Week, aligning it with the brand's new shop in the metaverse, which will open at the same time with the same experiential look and feel. The term metaverse denotes a new generation [...]

Bajaj Auto sales decline 16 pc in Feb

New Delhi, Mar 2 (PTI) Bajaj Auto on Wednesday reported a 16 per cent drop in its total sales to 3,16,020 units in February.The company had sold 3,75,017 units in February 2021.Domestic sales last month stood at 1,12,747 units as against 1,64,811 units, down 32 per cent, Bajaj Auto said in a regulatory filing.Total two-wheeler [...]

Volopay to enter Indian market with $15 mn investment

New Delhi, Mar 2 (PTI) Singapore-based fintech firm Volopay will invest USD 15 million (about Rs 113 crore) over the next 12 months to start operations in India, a senior startup official said on Wednesday.The company has raised USD 29 million from Winklevoss twins - Cameron and Tyler, a global decacorn and others to expand [...]

TVS Motor Company Registers Sales of 281,714 Units in February 2022

Hosur, Tamil Nadu, India (NewsVoir) TVS Motor Company registered sales of 281,714 units in February 2022 as against sales of 297,747 units in the month of February 2021. Two-Wheeler Total two-wheelers registered sales of 267,625 units in February 2022 as against sales of 284,581 units in February 2021. Domestic two-wheeler registered sales of 173,198 units [...]

California Pistachios emphasize on Healthy Snacking in their latest campaign in India on World Pistachio Day

California Pistachios Partners with TV Celebrity Nakuul Mehta and also Creates a Viral Dance Challenge on Instagram to Celebrate New Delhi, Delhi, India (NewsVoir) California Pistachios by The Wonderful Company has always spearheaded the conversations and benefits of healthy snacking. California Pistachios is celebrating its favorite holiday, World Pistachio Day on February 26, with its [...]

National Science Day: IET India Announces Winners of 5th Scholarship Award for Engineering Students

Bangalore, Karnataka, India (NewsVoir) On the occasion of National Science Day, the Institution of Engineering and Technology, India announced Dhivakar Kumararaja Malarvizhi, a 4th year Student of Electronics Engineering at The National Institute of Technology, Trichy as the national winner of the prestigious IET India National Scholarship Awards, 2021. He will receive a cash prize [...]

Bharat Petroleum to Invest Rs. 3,972 Crore for Development of City Gas Distribution Network in Aurangabad and Ahmednagar

Aurangabad, Maharashtra, India (NewsVoir) Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company, has launched the city gas distribution (CGD) network in Aurangabad and Ahmednagar districts. The Company will invest around Rs. 1,600 crore over next 5 years and a total of Rs. 4000 Cores for completion of full project. BPCL [...]

Time for Startups to Paint the Future AkzoNobel’s India Challenge Opens for Solutions on Digital Consumer Experience

New Delhi, Delhi, India (NewsVoir) An exciting journey of discovery and collaboration has just begun for the brightest startups in India - the third largest startup ecosystem in the world. AkzoNobel’s Paint the Future India startup challenge officially opens today for submission of solutions! In partnership with NASSCOM Industry Partnership Program (NIPP), the India startup [...]

ASU Thunderbird School of Global Management Rolls Out Mumbai Global Initiative to Educate 100 Million Learners by 2030

Mumbai, Maharashtra, India (NewsVoir) • The Francis and Dionne Najafi Thunderbird ASU Global Initiative will offer online Certificates in Global Management and Entrepreneurship consisting of five courses at no cost to learners in 40 languages worldwide • Thunderbird to open the Center of Excellence in Mumbai The Thunderbird School of Global Management (Thunderbird) at Arizona [...]

Frankfinn Receives the Award for ‘Best Air Hostess Training Institute’ for 10th Year in a Row at 13th ASSOCHAM International Conference cum Awards

New Delhi, Delhi, India (NewsVoir) Frankfinn Institute of Air Hostess Training, the World’s No. 1 Air Hostess Training Institute again made history today. At the 13th International Conference cum Awards - Civil Aviation & Cargo - 2022 organised by ASSOCHAM on Monday 28th February 2022 at Hotel Le Meridien, New-Delhi, Frankfinn Institute of Air Hostess [...]

BHADRA Group Launches Boutique Luxury Homes – ‘BHADRA LANDMARK – Jayanagar’ in Bengaluru

Bengaluru, Karnataka, India – Business Wire India A fully integrated real estate company, BHADRA Group has launched a boutique luxury project ‘BHADRA LANDMARK – Jayanagar’, in one of South Bengaluru’s most beautiful, cosmopolitan residential areas. This is the newest addition in the Group’s existing bouquet of real estate projects in Bengaluru. Speaking on the latest [...]

STL launches Firebird – a fleet of radios for 5G wide area coverage

MUMBAI, India, March 1, 2022 /PRNewswire/ -- STL (NSE: STLTECH), an industry-leading integrator of digital networks, today announced the launch of Firebird, a path-breaking line of ORAN-based macro radios for dense, wide area 5G coverage. The announcement was made at Mobile World Congress 2022, Barcelona, where the company showcased its All-In 5G solutions. STL Firebird [...]

Zoetis’s People-First Culture Recognized as Best Place to Work in India for 2022

MUMBAI, India, March 1, 2022 /PRNewswire/ -- Zoetis India, an affiliate of the global animal health company, has been recently awarded the best place to work certification for 2022. During the company assessment, 89% of employees recommended the organization in recognition of its culture fueled by transparency, trust and collaboration to encourage the employees to [...]

Lear Completes Acquisition of Kongsberg Automotive’s Interior Comfort Systems Business Unit

Expands Lear's product offerings into thermal comfort seating solutions for emerging market trends SOUTHFIELD, Mich., March 1, 2022 /PRNewswire/ – Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it has completed the acquisition of substantially all of Kongsberg Automotive's Interior Comfort Systems (ICS) business unit. The acquisition will [...]

STL and Analog Devices collaborate to build Open RAN 5G radio units

MUMBAI, India, Feb. 28, 2022 /PRNewswire/ -- STL (NSE: STLTECH), an industry-leading integrator of digital networks, today announced a collaboration with Analog Devices, Inc. to develop 5G Open RAN radio units (O-RU). Together, the two companies will build 5G-ready solutions to expand the diversity of commercially available O-RUs and facilitate the growth of Open RAN [...]

Biocon Biologics to Acquire Viatris’ Biosimilars Assets for up to USD 3.335 billion in Stock and Cash

Immediately Accretive Combination Creates a Unique Global, Vertically Integrated Biosimilars Leader BENGALURU, India, Feb. 28, 2022 /PRNewswire/ -- Biocon Biologics Ltd., a subsidiary of Biocon Ltd. (BSE code: 532523) (NSE: BIOCON), has entered into a definitive agreement with its partner Viatris Inc. (NASDAQ: VTRS). Accordingly, Biocon Biologics Ltd. (BBL) will acquire Viatris' biosimilars business to [...]

Accion Labs India Is Now Great Place to Work-Certified™!

MUMBAI, India, Feb. 28, 2022 /PRNewswire/ -- Accion Labs has been Great Place to Work®-Certified in India from February 2022 to February 2023! Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a [...]

ZTE makes its mark with simple, fast and green strategies at MWC 2022

SHENZHEN, China, Feb. 28, 2022 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced that under the theme "Inspire the Digital World" it is showcasing "Simple, Fast and Green" innovative ICT solutions and practices for B2C, B2B and Business to [...]

ZTE releases series of new 5G products and solutions at MWC 2022

SHENZHEN, China, March 1, 2022 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today has released a series of new 5G products and solutions at the Mobile World Congress in Barcelona, Spain. The new products and solutions showcase ZTE's great commitment [...]

ZTE announces 4th Gen 5G FWA & MBB family, leading a new era of 5G interconnectivity

SHENZHEN, China, March 1, 2022 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced that its 5G FWA & MBB series has reached the million-shipment milestone globally and officially unveiled the 4th Gen of ZTE 5G FWA & MBB family [...]

ZTE strengthens its commitment to carbon reduction

SHENZHEN, China, March 1, 2022 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today has announced the release of a carbon neutrality white paper and a green end-to-end future-oriented solution GreenPilot at the MWC 2022, strengthening its commitment to carbon reduction [...]

ZTE Releases New Hero Blade V40 Series Featuring Four New Models

SHENZHEN, China, March 1, 2022 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, released the new ZTE Blade V40 series at the Mobile World Congress 2022 (MWC 2022) on February 28, 2022, local time in Barcelona. The exciting new hero series [...]

Biden announces release of 30 mn barrels of oil to maintain global oil prices

Washington, Mar 2 (PTI) US President Joe Biden announced that his administration has worked with 30 other countries to release millions of barrels of oil from American strategic reserves to maintain the global oil prices in the midst of a Russian invasion of Ukraine. In his maiden State of the Union Address on Tuesday, Biden [...]

Infidigit Celebrates its Gargantuan Win in the Drivers of Digital Awards

Infidigit bags two Gold Awards for Spinny & ICICI in The Drivers of Digital Awards and Summit MUMBAI, India, March 1, 2022 /PRNewswire/ -- Infidigit Consultants, a prominent Search Engine Marketing company based out of Mumbai, has proved its mettle yet again by bagging the highly coveted awards for two categories—the 'Best Use of Digital [...]

This unknown multibagger stock has given more than 15,000% returns

Multibagger penny stocks are available at low prices and surge to give high returns. Initially, they have very low market capitalization, are mostly illiquid and tend to be highly risky and volatile. SEL Manufacturing Company Limited is a small-cap listed company whose share price surged from ₹1.14 apiece (on 8th March 2021) to ₹177.70 (as [...]

Microsoft CEO Satya Nadella’s son dies

New Delhi, Mar 1 (PTI) Tech giant Microsoft on Tuesday announced that its Chief Executive Officer Satya Nadella's son Zain Nadella, who was born with cerebral palsy, has died. He was 26. "Very sadly Satya's son Zain Nadella has passed away. The Nadellas are taking time to grieve privately as a family," a Microsoft spokesperson [...]

NEWSALERT

International Energy Agency says 31 member countries agree to release 60 million barrels of oil from reserves, reports AP. PTI RUP

Canara Bank hikes fixed deposit rates by up to 25 basis points

New Delhi, Mar 1 (PTI) State-owned Canara Bank on Tuesday raised interest rates on fixed deposits across various maturities by up to 25 basis points. The revised rates are effective from March 1, 2022, Canara Bank said in a statement. Interest rate on fixed deposits for tenure 1 year has been increased to 5.1 per cent [...]

Shriram Automall India auctions over 7,900 pre-owned vehicles, assets

Mumbai, Mar 1 (PTI) Shriram Automall India Ltd (SAMIL) on Tuesday said it auctioned over 7,900 pre-owned vehicles and other assets in a single day and processed transactions worth over Rs 215 crore from over 14,500 listings at its annual auction event, SAMIL utsav. SAMIL Utsav is a one-of-its-kind phygital format auction, conducted by the platform [...]

Suzuki Motorcycle India sells 72,200 vehicles in February

Mumbai, Mar 1 (PTI) Suzuki Motorcycle India on Tuesday reported almost flat growth in its total vehicle sales at 72,200 units in February over the same month a year ago. The domestic arm of Japan's Suzuki Motor Corporation sold a total of 71,662 vehicles in February 2021. Suzuki Motorcycle India Pvt Ltd (SMIPL) sold 58,603 [...]

Huawei has long-term strategy for India which will not change: APAC VP

New Delhi, Mar 1 (PTI) Chinese telecom gear maker Huawei understands the current business situation in India but it has a long-term strategy for the country as it is a big market and has huge potential for growth, a senior company official said on Tuesday. Huawei Asia Pacific Vice President Jay Chen, in a virtual [...]

Checkout Point opens new centre at Infopark in Kochi

Kochi, Mar 1 (PTI) Dubai-based Checkout Point, a provider of fin-tech solutions to small and medium enterprises (SMEs), has opened a new office at Infopark here. Checkout Point offers services in key verticals like POS software, enterprise solutions, marketing and customer engagement, payment gateway, digital wallet, merchant debit card, marketplace and agency banking. The new [...]

Hero MotoCorp sales dip 29 pc in Feb

New Delhi, Mar 1 (PTI) Two-wheeler market leader Hero MotoCorp on Tuesday reported a 29 per cent decline in total wholesales at 3,58,254 units in February. The company had dispatched 5,05,467 units in the same month in 2021, Hero MotoCorp said in a statement. Domestic sales were also down 31.57 per cent at 3,31,462 units last [...]

SJVN capex likely to touch Rs 5,500 cr in 2021-22

New Delhi, Mar 1 (PTI) State-run SJVN Ltd on Tuesday said that its capital expenditure is likely to reach Rs 5,500 crore in 2021-22 against the targetted Rs 5,000 crore. The company has planned Rs 8,000 crore capex in 2022-23. SJVN CMD Nand Lal Sharma in a statement said, "By registering over 100 per cent [...]

Adani forays into media business, buys minority stake in Quintillion Business Media

New Delhi, Mar 1 (PTI) Billionaire Gautam Adani's conglomerate has forayed into the media business, buying an unspecified minority stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for an undisclosed sum. Adani Group has entered into a binding term sheet with BSE-listed Quint Digital Media Ltd to acquire a minority [...]

Corrugated box manufacturers seek cut in GST rates

Chennai, Mar 1 (PTI): The South Indian Corrugated Box Manufacturers Association on Tuesday urged the Centre to reduce Goods and Services Tax on corrugated boxes to benefit the micro small and medium enterprises sector. According to the Association, the MSME sector would face various hardship if manufacturers exit due to the heavy losses caused on [...]

Indus Water Treaty: Officials from India, Pakistan hold talks

Islamabad, Mar 1 (PTI) Officials from India and Pakistan met here on Monday as part of the annual meeting of the Permanent Commission on Indus Waters (PCIW) and the two sides are expected to discuss among other topics arrangements about flood flow information during the current season and finalise future programmes, meetings and inspections.A 10-member [...]

Vivriti looks to grow AUM to USD 3 bn in three years

Mumbai, Mar 1 (PTI) Vivriti Asset Management, an alternative investment fund specialising in extending credit to unrated companies, is eyeing to grow assets under its management to USD 3 billion over the next three years as it plans to launch more debt funds to widen its reach as well as investor base. An arm of [...]

Royal Enfield sales dip 15 pc in February

New Delhi, Mar 1 (PTI) Mid-sized motorcycle maker Royal Enfield, part of Eicher Motors, on Tuesday said its total wholesales declined by 15 per cent to 59,160 units in February. The company had reported sales of 69,659 units in the same month last year. Domestic sales declined by 20 per cent to 52,135 units last [...]

TVS Motor sales drop 5 pc in Feb at 2,81,714 units

New Delhi, Mar 1 (PTI) TVS Motor Company on Tuesday reported a 5 per cent dip in total sales to 2,81,714 units in February. The company had posted a total sales of 2,97,747 units in the same month last year, TVS Motor Company said in a statement. Total two-wheelers sales were lower at 2,67,625 units [...]

18 pc of super-rich Indians invested in cryptocurrencies, NFTs last year: Report

New Delhi, Mar 1 (PTI) Nearly 20 per cent of Indian ultra high-net worth-individuals (UHNWIs) invested in crypto assets last year amid rising popularity of cryptocurrencies and NFTs, according to a Knight Frank report. UHNWIs are those who have net worth of USD 30 million (about Rs 226 crore) or more. In its Wealth Report [...]

Over 11.6 mln content pieces ‘actioned’ on Facebook in India during January: Meta

New Delhi, Mar 1 (PTI) Social media giant Meta on Tuesday said that over 11.6 million content pieces were "actioned" on Facebook across 13 violation categories in India in January. These categories include bullying and harassment, child endangerment, dangerous organisations and individuals, and adult nudity and sexual activity. Other areas where content was actioned were [...]

Ultra-wealthy population of Kolkata to rise 43 per cent by 2026: Report

Kolkata, Mar 1 (PTI) The ultra-wealthy population of the metropolis is expected to increase 43.2 per cent to 368 by 2026, property consultant Knight Frank said on Tuesday.The number of ultra high net worth individuals (net assets of about Rs 226 crore or more) in Kolkata rose from 119 in 2016 to 257 in 2021, [...]

Chip woes continue to hobble auto dispatches in Feb; Tata Motors, M&M buck trend

New Delhi, Mar 1 (PTI) Leading carmakers Maruti Suzuki, Hyundai, Toyota and Honda witnessed a drop in vehicle dispatches to dealers last month as the global semiconductor shortage continued to impact production. Tata Motors, Mahindra & Mahindra, Skoda and MG Motor, on the other hand, reported an increase in wholesales in February as compared to [...]

VECV sales up 7 pc in February

New Delhi, Mar 1 (PTI) VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, on Tuesday reported a 7.3 per cent jump in sales to 5,856 units in February. The company had sold 5,457 units in February 2021, VECV said in a statement. Total domestic sales of Eicher-branded commercial vehicles (CV) [...]

Embassy REIT opens Hilton Garen Inn hotel in Bengaluru with 335 rooms

New Delhi, Mar 1 (PTI) Embassy Office Parks REIT, the country's first publicly-listed real estate investment trust, on Tuesday said it has opened Hilton Garden Inn Hotel in Bengaluru with 335 keys. The hotel is located at Embassy Manyata Business Park. This 353-key hotel is part of the upcoming Hilton Hotels Embassy Manyata complex comprising [...]

Indian ultra-HNIs put 11 pc of investable wealth into art, jewellery, classic cars, others

New Delhi, Mar 1 (PTI) Indian ultra-high net worth individuals (UHNWI), those having net worth of USD 30 million (about Rs 226 crore) and above, allocated 11 per cent of their investable wealth towards luxury items like art, jewellery, classic cars, watches and handbags, according to Knight Frank. "11 per cent of the investable wealth [...]

Microsoft CEO Satya Nadella’s son dies

New Delhi, Mar 1 (PTI) Tech giant Microsoft on Tuesday announced that its Chief Executive Officer Satya Nadella's son Zain Nadella, who was born with cerebral palsy, has died. He was 26."Very sadly Satya's son Zain Nadella has passed away. The Nadellas are taking time to grieve privately as a family," a Microsoft spokesperson said [...]

Canadian CPPIB to invest Rs 2,650cr in JV with RMZ corp to develop, buy commercial assets

New Delhi, Mar 1 (PTI) The Canada Pension Plan Investment Board (CPPIB) will invest Rs 2,650 crore in a joint venture with Bengaluru-based realty firm RMZ Corp to develop and acquire commercial projects across India. RMZ Corp and CPPIB announced that they have entered into their second joint venture to develop and hold commercial office [...]

Customer experience solutions provider Concentrix to hire 2,500 employees

Mumbai, Mar 1 (PTI) Nasdaq-listed Concentrix Corporation, which provides customer experience solutions and technology, will double its headcount here to over 5,000 this year.Concentrix Catalyst, the local arm of the US parent, already employs 2,500 here, having hired more than 300 in the last quarter alone at the newly-created experience design and engineering team, it [...]

Value of UPI transactions declined to Rs 8.27 lakh crore in Feb: NPCI data

New Delhi, Mar 1 (PTI) India's cashless retail transactions on UPI platform were worth Rs 8.27 lakh crore in February, slightly lower than the amount recorded in the previous month, data from the National Payments Corporation of India (NPCI) showed on Tuesday. There were a total of 452 crore (4.52 billion) transactions in February 2022. [...]

Indian ultra HNIs allocate 29pc of wealth to buy primary, second homes in 2021

New Delhi, Mar 1 (PTI) Nearly 30 per cent wealth of Indian ultra-high-net-worth individuals (UHNWIs) was allocated towards purchase of principal and second housing properties last year, according to Knight Frank. In its attitude survey, part of the Wealth Report 2022, property consultant Knight Frank India said that 29 per cent wealth of Indian UHNWIs, [...]

CryptoWire enters into pacts with Bitbns to commence trading on index IC15 from April

New Delhi, Mar 1 (PTI) CryptoWire on Tuesday said it has entered into an agreement with cryptocurrency exchange Bitbns to commence trading on India's first global crypto index IC15 beginning next month. With the commencement of trading on IC15, an index of cryptocurrencies, around 4 million users of Bitbns will get the benefit of trading [...]

Microsoft CEO Satya Nadella’s son dies

New Delhi, Mar 1 (PTI) Tech giant Microsoft has said its Chief Executive Officer Satya Nadella's son Zain Nadella has died.Zain was 26 and was born with cerebral palsy."Very sadly Satya’s son Zain Nadella has passed away. The Nadellas are taking time to grieve privately as a family," a Microsoft spokesperson said in response to [...]

Indian NGOs to get over Rs 500 cr grant from Tarsadia Foundation, Dasra in 10 yrs

Mumbai, Mar 1 (PTI) The US-based Tarsadia Foundation has tied up with Dasra to launch a 'resilience fund' to help communities impacted by the pandemic by supporting non-profits with a financial aid of over Rs 500 crore over 10 years. Maya Patel, executive chair of the foundation, said with the third wave of the pandemic [...]

Microsoft CEO Satya Nadella’s son dies

Tech giant Microsoft has said its Chief Executive Officer Satya Nadella's son Zain Nadella has died. Zain was 26 and had born with cerebral palsy. "Very sadly Satya’s son Zain Nadella has passed away. The Nadellas are taking time to grieve privately as a family," a Microsoft spokesperson said in response to an email query [...]

Kuhoo raises USD 20 mn from West Bridge Capital

Mumbai, Mar 1 (PTI) Kuhoo, a fintech startup focused on student loans, has raised USD 20 million (about Rs 151 crore) from West Bridge Capital in seed funding. Kuhoo is floated by banking veteran Prashant A Bhonsle, who had earlier worked with ICICI Bank, HDFC Credila and InCred. The digital platform provides online loans to [...]

Infibeam acquires Uvik Tech for Rs 75 cr

Mumbai, Mar 1 (PTI) Infibeam Avenues, a listed fintech company, has acquired the payments-focused Uvik Technologies for Rs 75 crore in a cash and stock deal. Venture capital fund Season Two Ventures will get an exit through the deal, as per a statement. Uvik is in the contactless payments space and has developed a technology [...]

Fintech startup Snapmint raises USD 9 mn from angel investors

Mumbai, Mar 1 (PTI) Snapmint, a buy-now-pay-later platform, has raised USD 9 million in its series-A funding from a clutch of investors and industry leaders led by Prashasta Seth of Prudent Investment Managers. The round also saw participation of 9Unicorns, Anicut Capital, Negen Capital, Livspace founder Ramakant Sharma, Usama Fayyad of Open Insights among other [...]

Price of vegetables

Bengaluru, Mar 1 (PTI) Following are vegetable rates quoted at Agriculture Produce Marketing Committee.Rates per quintal: Cauliflower 300-6000, Brinjal 1000-22000, Tomato 200-5000, Bitter Gourd 1500-3000, Bottle Gourd 100-1500, Ash Gourd 800-5900, Green Chilli 2000-9000, Banana Green 1000-4000, Beans 600-4800, Green Ginger 1000-3000, Carrot 1800-6500, Cabbage 300-2200, Ladies Finger 800-4000, Snake Gourd 500-2000, Beetroot 500-2500, Cucumber [...]

Ashok Leyland total sales rise 7% in Feb

New Delhi, Mar 1 (PTI) Hinduja flagship firm Ashok Leyland on Tuesday reported a 7 per cent rise in commercial vehicle sales to 14,657 units in February.The company had sold 13,703 units in the same month last year, Ashok Leyland said in a statement.Domestic sales were up 4 per cent at 13,281 units against 12,776 [...]

Maruti Suzuki sales decline marginally in February

New Delhi, Mar 1 (PTI) The country's largest car maker Maruti Suzuki India (MSI) on Tuesday reported a marginal drop in total wholesales at 1,64,056 units in February. The company had sold 1,64,469 units in February 2021, MSI said in a regulatory filing. Last month, the company's domestic sales slipped 8.46 per cent to 1,40,035 [...]

Hyundai Motor India’s total sales fall 14 pc in February

New Delhi, Mar 1 (PTI) Hyundai Motor India on Tuesday reported a 14 per cent decline in total sales at 53,159 units in February. The company had sold 61,800 units in the same month last year, Hyundai Motor India said in a statement. Domestic sales were down 14.6 per cent to 44,050 units last month [...]

Ashneer Grover quits as BharatPe MD soon after getting board meeting agenda

New Delhi, Mar 1 (PTI) Fintech firm BharatPe's managing director Ashneer Grover has resigned minutes after receiving an upcoming board meeting agenda, which included consideration of action against him based on the report submitted by advisory firm PwC."Ashneer Grover resigned as Managing Director and from the Board Director of BharatPe minutes after receiving the agenda [...]

IIFL AMC fund acquires minority stake in OmniActive Health Technologies

New Delhi, Mar 1 (PTI) IIFL Asset Management Ltd on Tuesday said it has acquired a minority stake in OmniActive Health Technologies, which offers a wide range of natural nutraceutical ingredients. Financial details were not disclosed. The investment has been made through IIFL Asset Management Ltd (IIFL AMC)Special Opportunities Fund series, according to a statement. Established in 2005, [...]

Niti Aayog developing National Gender Index

New Delhi, Mar 1 (PTI) Niti Aayog is in the process of developing a National Gender Index to measure the progress and identify the persisting gaps in gender equality to make informed policy decisions. In its latest annual report, Niti Aayog said the index will serve as a tool to map the progress of states [...]

Retail investors may start making small investments or SIPS

Kolkata, Mar 1 (PTI) Retail investors may start making small investments or SIPS and not invest all their capital in one go as the Indian stock market may remain volatile till the Russia-Ukraine conflict and geopolitical tensions are not over, a market expert said on Tuesday. The Indian stock market indices have been highly volatile [...]

Toyota Kirloskar wholesales dip 38 pc in Feb

New Delhi, Mar 1 (PTI) Toyota Kirloskar Motor on Tuesday said its sales declined by 38 per cent to 8,745 units in February.The company had dispatched 14,075 units to dealers in the domestic market in February 2021."The overall sentiment in the market continues to remain positive as we witness a steady surge in demand trends. [...]

Tata Motors domestic sales rise 27 pc to 73,875 units in Feb

New Delhi, Mar 1 (PTI) Tata Motors on Tuesday said its total domestic sales increased by 27 per cent year-on-year to 73,875 units in February.The company had dispatched 58,366 units in February 2021.The auto major said its passenger vehicle sales in the domestic market last month rose by 47 per cent to 39,981 units compared [...]

Nissan India sales surge 57 pc to 6,662 units in Feb

New Delhi, Mar 1 (PTI) Nissan India on Tuesday said its total wholesales grew 57 per cent to 6,662 vehicles in February.The company sold 2,456 units in the domestic market and exported 4,206 units last month.The automaker had dispatched 4,244 units in the same month last year."While the demand for the game-changer SUV Nissan Magnite [...]

ATF price hiked by 3.3%; fifth increase this year

New Delhi, Mar 1 (PTI) Jet fuel prices on Tuesday were increased by 3.3 per cent to all-time high levels across the country, in step with international oil prices surging to over seven-year-high.This is the fifth hike in jet fuel or Aviation Turbine Fuel (ATF) prices this year following an unrelenting rise in global oil [...]

Indian delegation in Pakistan for annual Permanent Indus Commission meeting

Islamabad, Mar 1 (PTI) A 10-member Indian delegation has arrived in Pakistan for the annual meeting of the Permanent Commission on Indus Waters (PCIW) and the two sides will discuss among other topics arrangements about flood flow information during the current season and finalise future programmes, meetings and inspections.The delegation, headed by the Indian Commissioner [...]

Avaada Energy’s Rs 1,440 cr green bond issue oversubscribed

New Delhi, Mar 1 (PTI) Avaada Energy's green bond worth Rs 1,440 crore was oversubscribed against the base issue size."The green bond issue of Rs 1,440 crore is oversubscribed. It was opened on February 27 and will close on March 1," a company spokesperson told PTI.Avaada Energy is raising green bonds for Rs 1,440 crore [...]

Skoda Auto posts over five-fold jump in sales to 4,503 units in Feb

New Delhi, Mar 1 (PTI) Skoda Auto India on Tuesday reported an over five-fold surge in sales to 4,503 units last month, riding on the success of its mid-sized SUV Kushaq.The company had sold 853 units in the same month last year.The sales in February 2022 were driven primarily by Kushaq SUV, Skoda Auto India [...]

Hero Electric unveils new model; to launch in next quarter

New Delhi, Mar 1 (PTI) Hero Electric on Tuesday unveiled a new two-wheeler Hero Eddy for the domestic market.The electric scooter is easy to manoeuver product that strikes a perfect balance between technology and convenience to fulfil the need for short-distance commutes to next-door coffee shops, golf courses and gymnasium etc, the company said in [...]

MG Motor retail sales rise 5 pc in Feb

New Delhi, Mar 1 (PTI) MG Motor India on Tuesday said its retail sales increased 5 per cent year-on-year to 4,528 units in February.The automaker had retailed 4,329 units in February 2021."The demand remains robust as the company has garnered a healthy booking pace and is experiencing a promising growth momentum while working its way [...]

Parag Milk Foods hikes milk prices by Rs 2 per litre

New Delhi, Mar 1 (PTI) Dairy firm Parag Milk Foods Ltd on Tuesday said it has raised the price of the Gowardhan brand of cow milk by Rs 2 per litre with effect from March 1 due to rising input cost.On Monday, Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets milk and milk products under [...]

Ashneer Grover quits as BharatPe MD soon after getting board meeting agenda

New Delhi, Mar 1 (PTI) Fintech firm BharatPe's managing director Ashneer Grover has resigned minutes after receiving an upcoming board meeting agenda, which included consideration of action against him based on the report submitted by advisory firm PwC."Ashneer Grover resigned as Managing Director and from the Board Director of BharatPe minutes after receiving the agenda [...]

Power consumption grows 2.2 pc to 105.54 billion units in February

New Delhi, Mar 1 (PTI) India's power consumption growth remained subdued at 2.2 per cent year-on-year in February to 105.54 billion units (BU), showing the impact of local restrictions imposed by the states due to the third wave of COVID-19.Power consumption in February 2021 was 103.25 BU, a tad lower than 103.81 BU in the [...]

Markets to remain shut for Mahashivratri

Mumbai, Mar 1 (PTI) Domestic stock, bond, commodity and forex markets will remain closed on Tuesday on account of 'Mahashivratri'. PTI BAL BAL

NEWSALERT

Shell says it will exit Russian oil and gas investments, following a day after rival BP, reports AP. PTI RUP RUP

Future group gets NCLT approval to convene shareholder, creditors meetings over RIL deal

New Delhi, Feb 28 (PTI) Future group companies have received go-ahead from the National Company Law Tribunal to convene and conduct the meetings of their respective shareholders and creditors to seek their approval for Rs 24,713 crore deal with Reliance Retail. The development comes almost three days after Reliance Industries Ltd took over the operations [...]

Lam Research India signs MoU with IISc for sponsored fellowship program

New Delhi, Feb 28 (PTI) Semiconductor plant gear maker Lam Research India has signed a memorandum of understanding with CeNSE and the Indian Institute of Science, Bengaluru to offer a sponsored fellowship program for second-year Master of Technology (MTech) students, starting in the 2022-23 academic year. Lam India has been a part of CeNSE's (Centre [...]

PFC board okays borrowings of Rs 82,000 cr in 2022-23

New Delhi, Feb 28 (PTI) The board of state-run Power Finance Corporation on Monday approved a proposal for borrowing Rs 82,000 crore in 2022-23. The board in its meeting held on February 28, 2022, approved borrowings of Rs 82,000 crore in 2022-23 through bonds, foreign currency borrowings, debentures, commercial papers among others, a BSE filing [...]

Business briefs

Union Bank of India in co-lending tie-up with Ambit Finvest Mumbai, Feb 28 (PTI) State-run Union Bank of India on Monday announced a co-lending tie-up with Ambit Finvest aimed at serving small business borrowers. Under co-lending a bank typically depends on a smaller financial services player's network or underwriting to help target segments. ****** Tata [...]

Air India Express flight to bring back about 182 Indian nationals on Tuesday

Mumbai, Feb 28 (PTI) Air India Express, the low-cost international budget arm of Air India, has said it is operating a flight to Bucharest in Romania to fly back Indian evacuees from war-torn Ukraine.              Air India Express flight, IX-1201, which departed from the city's Chhatrapati Shivaji Maharaj International Airport at 1.50 pm on Monday, is [...]

Individual settles case with Sebi in HDFC Bank share trade matter

New Delhi, Feb 28 (PTI) An individual has settled with markets regulator Sebi a case related to alleged violation of insider trading norms while dealing in the shares of HDFC Bank. Samrat Dasgupta has settled the case by paying a settlement amount of nearly Rs 24 lakh to the Securities and Exchange Board of India [...]

Mankind Pharma to acquire Panacea’s formulation brands for India, Nepal

New Delhi, Feb 28 (PTI) Mankind Pharma on Monday said it will acquire Panacea Biotec Pharma's formulations brands, for India and Nepal markets, for Rs 1,872 crore. Both the entities have entered into definitive agreements for the transaction involving a total consideration of Rs 1,872 crore. Panacea Biotec Pharma Ltd is a wholly-owned subsidiary of [...]

D B Realty wins legal case regarding Mumbai land parcel

New Delhi, Feb 28 (PTI) D B Realty on Tuesday said it has won a legal case regarding the title of a land owned by the company in Mumbai and will now develop a 2 million square feet office complex. In a regulatory filing, D B Realty informed that its subsidiary Esteem Properties owns about [...]

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