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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 [...]

3 Steel stocks with low PE ratio to keep an eye on

As the world's second-largest producer of crude steel, India produced approximately 125.32 million tonnes in FY23 and is aiming to significantly expand this capacity to 300 million tonnes annually by 2030.  The market is anticipated to grow at a compound annual growth rate (CAGR) of 9.18 percent from 2024 to 2029, fueled by government initiatives [...]

Defence stock with orderbook worth ₹94,000 Cr to keep on your radar

Investing in defence shares offers financial growth due to its steady demand, government backing, and long-term contractual commitments. Listed below is a Defence stock which is the Indian government’s prime manufacturer of defence machinery in the Aeronautic segment, that you can add to your watchlist/ portfolio  Price Action  With a market capitalization of Rs. 2,97,394 [...]

Pharma stocks that are reducing debt to keep in your radar

A good debt-to-equity ratio suggests a relatively lower level of financial risk and is often considered a favorable financial position and a debt-to-equity ratio less than 1 indicates that a company relies more on equity financing than debt.  Here are a few pharmaceutical companies known for having low debt-to-equity ratios and have been reducing their [...]

5 Stocks in which Goldman Sachs and Societe Generale bought fresh stake in Q2

Foreign Institutional Investors view India as a strong long-term growth story with immense potential in technology, consumption, and manufacturing. They are encouraged by its reforms, macroeconomic resilience, and demographic strengths.  Foreign Institutional Investors (FIIs) increasing their holding stake in certain companies indicate a positive outlook on the company's performance, management, and prospects, thereby leading to [...]

4 FMCG stocks with high RoE of 99% to look out for

Small-cap FMCG (Fast Moving Consumer Goods) stocks are shares of companies in the fast-moving consumer goods sector that often focus on essential products like food, beverages, and household items. These companies typically exhibit rapid sales growth and strong brand loyalty. Investing in small-cap FMCG stocks can be particularly attractive due to their potential for high [...]

Steel stock jumps 10% after company’s board to consider bonus issue

Shares of this small-cap company, involved in manufacturing quartz-based ramming mass and quartz powder, surged nearly 10 percent following its announcement of plans to approve the issuance of bonus shares in the upcoming board meeting.  Price Movement  In Friday's trading session, Raghav Productivity Enhancers Ltd's share price reached an intra-day high of Rs.1,219.90 per share, [...]

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Top Editor’s Pick

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

Ukraine crisis: Inflation from commodities will be initial impact for India, says report

Mumbai, Feb 28 (PTI) The initial or short term impact of Russia's invasion of Ukraine for India will be experienced through inflationary pressures as the country is dependent on imported oil, a report said on Monday. Some sectors like oil and gas and both ferrous and non-ferrous metals can gain through this trend, while the [...]

Ravindra Energy seeks shareholders’ nod to raise up to Rs 102 cr via warrants

New Delhi, Feb 28 (PTI) Ravindra Energy said it will seek shareholders' approval to raise up to Rs 102 crore through issuance of warrants at its extraordinary general meeting (EGM) on March 23, 2022. The Board of Directors proposes to create, offer, issue and allot two crore warrants at the rate of Rs 51 per [...]

Sales of manufacturing cos grow 27.3 pc in December quarter: RBI data

Mumbai, Feb 28 (PTI) Aggregate sales of 1,701 listed manufacturing companies recorded a growth of 27.3 per cent in the third quarter of 2021-22 on an annual basis, aided by high sales growth in petroleum, non-ferrous metals, iron and steel, chemicals and textiles industries, according to RBI data released on Monday. RBI released the data [...]

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 the 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 [...]

Biocon Biologics to acquire Viatris Inc’s biosimilars biz for USD 3.33 bln

New Delhi, Feb 28 (PTI) In one of the largest deals in the pharma and healthcare space, Biocon on Monday said its subsidiary Biocon Biologics will acquire Viatris Inc's biosimilars business for up to USD 3.33 billion (about Rs 24,990 crore). Biocon Biologics has entered into a definitive agreement with Viatris Inc to acquire its [...]

Burmans of Dabur group make open offer for Eveready Industries takeover bid

Kolkata, Feb 28 (PTI) In its bid to take full management control of city-based dry cell battery major Eveready Industries India Ltd, the Burmans of the Dabur family on Monday made an open offer for an additional 26 per cent of shares at Rs 320 per scrip. The mandatory open offer under the takeover regulations [...]

TechM to work with 1,200 clients for metaverse, hire 1,000 engineers in a year

New Delhi, Feb 28 (PTI) Tech Mahindra plans to work with 1,200 clients for its newly-launched metaverse business and deploy about 1,000 engineers in about a year for the development of technology, a top official of the company said on Monday. The metaverse division of the company will work on developing and supporting immersive virtual [...]

Involving local communities in cross-border trade to boost Indo-B’desh commerce: CUTS International

New Delhi, Feb 28 (PTI) Involving local communities in cross-border trade and reducing procedural bottlenecks in inland water transport will increase the potential of bilateral trade between India and Bangladesh, research firm CUTS International said on Monday. It also said the transboundary rivers of India and Bangladesh can generate opportunities for the local communities in [...]

President Putin has no assets abroad: Kremlin on personal sanctions by Western nations

Moscow, Feb 28 (PTI) Russian President Vladimir Putin has no assets abroad, the Kremlin said on Monday, dismissing as "absurd and short-sighted" the personal sanctions slapped on him by the US and its Western allies for ordering a full-fledged military offensive against Ukraine."He is quite indifferent," Kremlin Spokesman Dmitry Peskov said when asked how Putin [...]

India to supply fertilisers to Nepal to help farmers boost agricultural productivity

Kathmandu, Feb 28 (PTI) India has signed an MoU with Nepal to supply chemical fertilisers to farmers in the Himalayan nation to overcome the recurring fertiliser shortage and boost their agricultural productivity, the Indian embassy said here on Monday.The Memorandum of Understanding (MoU), under which India will supply Urea and Di-ammonium Phosphate (DAP) fertilisers to [...]

Dabur promoters make open offer for Eveready Industries takeover bid

Kolkata, Feb 28 (PTI) In its bid to take full management control of city-based dry cell battery major Eveready Industries India Ltd, the Burmans of the Dabur family on Monday made an open offer for an additional 26 per cent of shares at Rs 320 per scrip. The mandatory open offer under the takeover regulations [...]

Average borrowing cost for states up 54 bps so far this fiscal year

Mumbai, Feb 28 (PTI) Since the beginning of the current fiscal year, states' average cost of borrowings has risen by 54 basis points to 7.11 per cent, even as it fell from the peak of 7.26 per cent two weeks ago. At the weekly auctions of state debt conducted on Monday, the weighted average cost [...]

India’s GDP growth slows to 5.4 pc in Dec qtr; economy now faces new geopolitical risks

New Delhi, Feb 28 (PTI) India's GDP growth slowed to 5.4 per cent in October-December 2021 before the full fury of the third wave of coronavirus infections struck the country and the economy faced fresh geopolitical risks, but it still remains the fastest growing in the world. Asia's third-largest economy is projected to grow 8.9 [...]

Indiamart acquires 26% stake in Realbooks for Rs 13.75 cr

New Delhi, Feb 28 (PTI) B2B e-commerce firm Indiamart on Monday announced acquisition of 26.01 per cent stake in cloud-based account software firm Adansa Solutions for Rs 13.75 crore. As part of the transaction, Indiamart's wholly-owned subsidiary Tradezeal Online Private Limited has acquired shares via a mix of primary and secondary share purchases. "Unlike existing [...]

Regulation should not inhibit innovation in financial sector: Niti senior adviser Anna Roy

New Delhi, Feb 28 (PTI) With increasing use of artificial intelligence (AI) in the financial sector, policymakers need to take extra care that the regulatory framework should not inhibit innovation, NITI Aayog Senior Adviser Anna Roy said on Monday. Addressing a virtual conference on 'AI in Indian Financial Services - Uncovering Ground Truth' organised by [...]

FPOs need to adopt new tech to optimise productivity: Chintala

Mumbai, Feb 28 (PTI) To optimise yield and productivity, Farmer Producer Organisations (FPOs) need to adopt new technologies, National Bank for Agriculture and Rural Development (NABARD) Chairman G R Chintala said on Monday. "While production increases, productivity remains a challenge and to overcome this challenge FPOs need to leverage new technologies such as AI and [...]

Tech Mahindra unveils TechMVerse to drive commerce in Metaverse

Hyderabad, Feb 28 (PTI) IT major Tech Mahindra on Monday announced the launch of TechMVerse, its Metaverse practice, to deliver interactive and immersive experiences in the Metaverse for its customers. The company will train a workforce of 1,000 engineers in the first year and the operations of TechMVerse will be through four hubs -- Dallas, [...]

Russia-Ukraine conflict: ECGC reviews country risk rating of Russia

New Delhi, Feb 28 (PTI) Government-owned ECGC on Monday said it has modified the insurance cover category for Indian exports to Russia, under which revolving limits are approved on a case-to-case basis, amid the ongoing conflict between Russia and Ukraine. The Export Credit Guarantee Corporation (ECGC) in a communication has said that "based on the [...]

BDR Pharma introduces prostate cancer drug with enhanced strength

New Delhi, Feb 28 (PTI) BDR Pharmaceuticals on Monday said it has launched prostate cancer treatment drug Enzalutamide in 160 mg strength. The company has introduced the medication, under the brand name BDENZA 160mg, at Rs 6,300 for a strip of seven tablets. The medicine was previously available in 40 mg and 80 mg strength [...]

Soyabean cultivation: SOPA locks horns with solvent extractors’ association

New Delhi, Feb 28 (PTI) In a rare face-off between two industry groupings, Soybean Processors Association of India (SOPA) on Monday condemned edible oil industry body SEA's suggestion to stop soyabean cultivation in 12 million hectares of land. Responding sharply, Solvent Extractors' Association termed the allegations as "blatant lies" and an attempt to create fissures [...]

Nagarro to expand global workforce by 4,500 in coming months

Mumbai, Feb 28 (PTI) IT service management company Nagarro on Monday said it is planning to add 4,500 people to its workforce globally in the coming months, which will also include freshers. In a statement, the company announced that the size of its workforce has crossed the 15,000 mark. "From 8,700 at the end of [...]

Former Fin Secy Hasmukh Adhia nominated again as BoB chairman

New Delhi, Feb 28 (PTI) Former Finance Secretary Hasmukh Adhia has been nominated again as the chairman of state-owned Bank of Baroda (BoB), according to a government order. The Appointments Committee of the Cabinet has approved the proposal of the Department of Financial Services for re-nomination of Adhia as non-executive chairman of the BoB, a [...]

TSSC signs pact with Delhi Skill and Entrepreneurship University

Mumbai, Feb 28 (PTI) Telecom Sector Skill Council (TSSC) on Monday said it has signed an agreement with Delhi Skill and Entrepreneurship University (DSEU) to collaborate on leveraging capabilities around skilling and placement. The Memorandum of Understanding (MoU), which has been signed for a period of three years, is primarily focused on working together for [...]

All India House Price Index rises 3.1 pc in Q3: RBI data

Mumbai, Feb 28 (PTI) The All India House Price Index (HPI) rose 3.1 per cent in the third quarter of the fiscal on an annual basis, according to data released by the Reserve Bank of India (RBI). The RBI releases its quarterly house price index (HPI) (base: 2010-11) based on transaction-level data received from housing [...]

Upswing raises Rs 30 cr in funding from QED Investors, others

New Delhi, Feb 28 (PTI) Upswing Financial Technologies on Monday said it has raised USD 4 million (about Rs 30 crore) from marquee global fund QED Investors and a clutch of fintech founders. The startup plans to use the fund in building plug-and-play platforms for open finance and help fintechs and consumer tech players offer financial [...]

nOFTEN is breaking barriers! Grew over 1000% in a few hours of launch on LBank

NFTs or Non-Fungible Tokens are creating a buzz all over the world. Since even 12-year-olds with or without much knowledge have made millions, it has only shown that anyone with a unique idea can make a heavy buck with NFTs. With its easy everyday user integrations on open marketplaces, the space has been growing exponentially [...]

SECI, HPCL sign MoU to work together in RE, electric mobility, alternative fuels

New Delhi, Feb 28 (PTI) State refiner Hindustan Petroleum Corporation Ltd (HPCL) and Solar Energy Corporation of India Ltd has inked a pact for cooperation and collaboration in the field of renewable energy, electric mobility, and alternative fuels including the development of ESG Projects. "In order to realize green energy objectives and the GOI’s efforts [...]

Tata Motors launches four variants of Nexon top trims

Mumbai, Feb 28 (PTI) Tata Motors on Monday announced the launch of four new variants in the top trims of its compact SUV Nexon to mark the rollout of the 300,000th unit of the vehicle from the company's Ranjangaon manufacturing facility in Pune. The company had rolled out the 200,000th unit of Nexon in June [...]

Mizoram registers over 12 per cent GSDP growth in 2020-2021: Economic Survey Report

Aizawl, Feb 28 (PTI) Mizoram registered a growth of over 12 per cent in its Gross State Domestic Product (GSDP) during the financial year 2020-2021, according to the state Economic Survey Report of 2021-2022. The GSDP at constant prices is expected to attain an amount of Rs 20,369.33 crore in 2020-2021 against the estimate of [...]

Allow 40 lakh bales duty free import of cotton, seek PM’s intervention: SIMA

Coimbatore, Feb 28 (PTI) With anticipated shortage of cotton in India, Southern India Mills Association (SIMA) on Monday requested the Centre to allow 40 lakh bales duty free import of medium-level staple cotton to avoid job losses and appealed to Prime Minister Narendra Modi for his intervention in cotton policies. The country has been so [...]

Mahindra Logistics to acquire Whizzard for Rs 72 cr

Mumbai, Feb 28 (PTI) Mahindra Logistics Ltd (MLL) on Monday said it will acquire up to 60 per cent stake in last-mile delivery services provider Whizzard for Rs 71.73 crore. A decision in this regard was taken pursuant to approval by the Investment Committee of the company's board at a meeting held on February 28, 2022. [...]

Merck Foundation CEO Meets the First Lady of Nigeria to Discuss Their Partnership Programs

Mumbai, Maharashtra, India & Dubai, United Arab Emirates – Business Wire India Senator, Dr. Rasha Kelej, CEO of Merck Foundation, the philanthropic arm of Merck KGaA Germany discussed with H.E. Dr. Mrs. AISHA MUHAMMADU BUHARI, The First Lady of Nigeria and Ambassador of ‘Merck Foundation More Than a Mother’ their partnership programs during her visit [...]

Avendus looking at larger play in wealth management space

Mumbai, Feb 28 (PTI) Avendus Wealth is planning big on the wealth management business and aims to have assets under management worth USD 6-7 billion by the end of this fiscal. Avendus Wealth had closed last fiscal year with an AUM (Assets Under Management) of a little over USD 3.03 billion or Rs 22,730 crore, [...]

NEWSALERT

US cuts off Russian central bank, sanctions state investment fund, in hard-hitting retaliation for Ukraine invasion, reports AP. PTI IND

Enphase Energy eyes 10% market share in domestic residential rooftop solar market

Chennai, Feb 28 (PTI): Enphase Energy, a global energy technology company was eyeing to garner 10 per cent market share over the next two years in the domestic residential rooftop solar market, a top company official said on Monday. Enphase Energy a supplier of micro-inverter based solar plus storage systems has set up a facility [...]

Madhabi Puri Buch appointed first woman chairperson of Sebi

New Delhi, Feb 28 (PTI) Former banker Madhabi Puri Buch has been appointed as the new chairperson of the Securities and Exchange Board of India (SEBI) - the first-ever woman to head the capital markets regulator. Buch, 57, who was not only the first woman whole-time member of Sebi but also the first person working [...]

Biz2X Powered Made-in-India Middleware Platform ‘Maadhyam’ Launched for Lenders, Aggregators and SMEs

Maadhyam is launched with the vision to digitize processes for banks, NBFCs and help SMEs across India to become “Aatmanirbhar” Noida, Uttar Pradesh, India (NewsVoir) In line with the government’s mission of making India “Aatmanirbhar”, Biz2X launched first-of-its-kind middleware platform “Maadhyam”. It is built to grow an ecosystem of Lenders, Industry Aggregators, and SMEs. With [...]

Aegis Graham Bell Awards Announced it’s Winners and Finalists for the 12th Edition

Mumbai, Maharashtra, India (NewsVoir) Aegis Graham Bell Awards (AGBA) is an initiative Aegis School of Data Science, Cyber Security and Telecommunication and powered by mUni Campus, a leading edtech company to recognize the talent who has potential to grow as technology leaders; start-up founders; innovators; entrepreneurs; intra entrepreneurs who are transforming the lives of millions [...]

Impact of the first guided Diabetic Retinopathy screening to care continuum program within the Indian public health system

BANGALORE, India, Feb. 28, 2022 /PRNewswire/ -- Diabetic Retinopathy (DR), an eye condition causing vision loss and blindness, affects nearly 16.9% of patients with diabetes and 3.6% of whom are most likely to lose their vision because of sight-threatening DR (STDR), stated India's first National Diabetes and Diabetic Retinopathy Survey in 2019. Hence, stressing the [...]

How are cryptocurrencies performing amidst Ukraine crisis?

The market capitalisation of cryptocurrencies fell 1.35% to $1.72 trillion and the trading volumes jumped 19.71% to 81.67 billion over the last 24 hours.The government has imposed a 30% fixed tax rate on all income that is generated through cryptocurrencies, virtual assets and non-fungible tokens. The Ukrainian government had announced on Saturday that it will be [...]

AAI to provide air traffic services at upcoming Jewar airport in Noida

Mumbai, Feb 28 (PTI) National airports operator AAI will provide air traffic services at the upcoming Noida International Airport at Jewar in Greater Noida, the first phase of which is expected to be commissioned by 2024, a statement said. An agreement to this effect was signed between the Airports Authority of India (AAI) and Yamuna [...]

Core sector growth at 3.7% in Jan

New Delhi, Feb 28 (PTI) Production of eight infrastructure sectors expanded by 3.7 per cent in January against 1.3 per cent in the same month last year on better show by coal, natural gas and cement industries, according to official data released on Monday. Crude oil and fertiliser production recorded negative growth in January. The [...]

Biocon shares dive 11% after its subsidiary announced deal to acquire Viatris

New Delhi, Feb 28 (PTI) Shares of biotechnology major Biocon on Monday tanked over 11 per cent after the company said its subsidiary Biocon Biologics has inked a pact to acquire Viatris Inc's biosimilars business.On BSE, the shares closed 11.47 per cent lower at Rs 348.95. During the day, it touched a low of Rs [...]

India Science Festival announces the Science Word of the Year on National Science Day!

28th February, 2022, New Delhi: India Science Festival celebrates India’s National Science Day with the announcement of SciWo:Science Word of the year! SciWo is a globally unique initiative to bring to limelight a word or phrase which has caught or ought to catch the imagination of the scientific community and also, the public eye. This [...]

NEWSALERT

Output of eight core sectors up 3.7 pc in Jan: Govt data. PTI RR ABM ABM

PGInvIT investment manager board approves investment worth Rs 644 cr for acquisitions

New Delhi, Feb 28 (PTI) Infrastructure investment trust PGInvIT will acquire stakes in various assets of Power Grid Corporation of India Ltd (PGCIL) for Rs 644.15 crore, a regulatory filing said on Monday. The Board of Directors of POWERGRID Unchahar Transmission Ltd – the investment manager to PGInvIT, in its meeting held on Monday, February [...]

Madhabi Puri Buch becomes Sebi’s first woman chief

New Delhi, Feb 28 (PTI) Sebi's first woman chief Madhabi Puri Buch has held a number of top positions in the private sector, including at ICICI Bank, and was also among the corporate leaders who were holed up in a Mumbai hotel on the fateful night of November 26 in 2008 when terror struck the [...]

Equities extend gains for 2nd day amid positive Asian markets; RIL, Tata Steel sparkle

Benchmark BSE Sensex recovered from early lows to close higher for the second straight session on Monday, mirroring a rebound in Asian equities, even as the Ukraine crisis continued to roil western markets. After a weak opening, the 30-share BSE barometer plunged more than 1,025 points to the day's low of 54,833.50, before staging a [...]

Centre’s fiscal deficit touches 58.9% of full year target at end-Jan

New Delhi, Feb 28 (PTI) The central government's fiscal deficit at end-January worked out at 58.9 per cent of the annual budget target for 2021-22, according to official data released on Monday. The fiscal deficit was 66.8 per cent of Revised Estimate (RE) of 2020-21 during the corresponding period of the last fiscal. In actual [...]

Amul fresh milk prices to go up by Rs 2 per litre in country from March 1

Cooperative GCMMF, which markets milk and milk products under the Amul brand, has increased milk prices by Rs 2 per litre with effect from Tuesday due to a rise in input cost. In a statement, Gujarat Cooperative Milk Marketing Federation (GCMMF)said it has decided to increase milk prices by Rs 2 per litre in all [...]

Watch glucose levels to prevent diabetes from accelerating to heart failure

Heart failure is a fatal human disease, rapidly increasing globally in both developed and undeveloped countries and consequently, causes death. In this disease, the heart fails to supply enough blood to other parts of the body to accomplish their normal functionalities. Heart failure doesn’t discriminate and is the leading cause of death worldwide. The mortality [...]

BULLION CLOSING

MUMMBAI, FEB 28 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 65354.00 65358.00 STANDARD GOLD (99.5) : 50686.00 50493.00 PURE GOLD (99.9) : 50890.00 50696.00 -------------- PTI MUM SVC SVC SVC

Retail inflation for industrial workers rises to 5.84% in January

New Delhi, Feb 28 (PTI) Retail inflation for industrial workers rose to 5.84 per cent in January over the same month a year ago mainly due to higher prices of certain food items, the labour ministry said on Monday. "Year-on-year inflation for the month stood at 5.84 per cent compared to 5.56 per cent for [...]

Crisil pegs NH toll road traffic growth at 7-9 pc for FY22

New Delhi, Feb 28 (PTI) A significant reduction in mobility in the second half of 2021-22 will restrict growth in toll road traffic on national highways to a moderate 7-9 per cent for the full year despite a low base of last fiscal year, Crisil Ratings said on Monday.               [...]

Shapoorji Pallonji eyes Rs 525 cr sales revenue from new project in Mumbai

New Delhi, Feb 28 (PTI) Shapoorji Pallonji Real Estate on Monday said it expects Rs 525 crore sales revenue from its new luxury housing project in Mumbai.The company has launched Shapoorji Pallonji SKYRAA - a luxury residential project in Thane.A high street retail zone of around 40,000 square feet will also be developed within the [...]

MUMBAI, FEB 28

(PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 760.00 COPPER HEAVY SCRAPS 750.00 COPPER ARMATURE (CREDIT) 735.00 COPPER UTENSILS SCRAP 655.00 CC ROD 802.00 BRASS :- BRASS SHEET CUTTING 548.00 BRASS UTENSIL SCRAP 495.00 BRASS HONEY 490.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 197.00 ALUMINIUM EXTRUSION SCRAP 229.00 ALUMINIUM INGOTS 275.00 OTHER : [...]

PRICES MUM OILSEEDS CLOSING

MUMBAI, FEB 28 (PTI) OILS (per 10 Kgs) G.Nut Raw 1490.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. - Sunflower Exp.Ref. - Cottonseed(Refined) 1500.00 Refined Palm Oil 1410.00 Soyabean Ref. 1500.00 Imp.Soyabean Crude - Rapeseed Ref. 1530.00 Rapeseed Exp. 1500.00 Copra white 1520.00 Rice Bran 4-7% FFA - Rice Bran 1350.00 Linseed 1900.00 Castor [...]

Regulation should not inhibit innovation in financial sector: Niti senior adviser Anna Roy

New Delhi, Feb 28 (PTI) With increasing use of artificial intelligence (AI) in the financial sector, policymakers need to take extra care that the regulatory framework should not inhibit innovation, NITI Aayog Senior Adviser Anna Roy said on Monday. Addressing a virtual conference on 'AI in Indian Financial Services - Uncovering Ground Truth' organised by [...]

Bharat Focussed TABLT Pharmacy raises $1.5 million

February 26, 2022: Kolkata-based TABLT Pharmacy has raised $1.5 million in pre-series A round. Tablt pharmacy deals in medicines, OTCs, and other healthcare products. Founded by Anish Agarwal and Anant Jain in the year 2018, the pharmacy has successfully raised $1.5 million from an impressive line–up of investors in pre-series A-round like JITO Angel Network, [...]

USD 500 million MCC grant will boost Nepal’s power sector, reduce transport costs & create jobs: US

Kathmandu, Feb 28 (PTI) The US has commended Nepal for ratifying the contentious Washington-funded USD 500 million MCC grant, saying it will result in more jobs, reliable power supply and reduced transport costs in the Himalayan nation. The Nepali Parliament on Sunday ratified the Millennium Challenge Corporation (MCC) compact along with an Interpretive Declaration, a [...]

Mahindra Logistics acquires Whizzard

Mumbai, Feb 28 (PTI) Mahindra Logistics Ltd (MLL) on Monday said it has acquired a majority stake in last-mile delivery services provider Whizzard. The acquisition will complement Mahindra Logistics' existing last-mile delivery business and its electric vehicle-based delivery services, EDeL, MLL said in a statement, without disclosing the amount it paid for the stake purchase.             Hyderabad-based [...]

Govt appoints Madhabi Puri Buch as new Sebi chairperson

New Delhi, Feb 28 (PTI) Madhabi Puri Buch on Monday was appointed as the new chairperson of Sebi, the first woman to head the capital market regulatory body. She has replaced Ajay Tyagi, whose five-year term has come to an end.      The Appointments Committee of Cabinet has approved Buch's appointment for an initial [...]

Attention to risk factors and early detection critical to manage heart failure

People display a kind of despondency on being diagnosed with heart failure. They often seem to believe that their life is about to end. But the word heart failure does not mean that heart has stopped working. Heart failure may not be fatal. It is a widespread problem, and eight to ten million people in [...]

EZ Rankings to Celebrate Its 12th Anniversary On 10th March, 2022

Noida, Uttar Pradesh, India – Business Wire India Pioneer digital marketing agency, EZ Rankings is about to complete its 12 successful years on 10th March 2022. To mark the celebration of this special occasion, the company is offering lucrative deals and offers on its exclusive services like SEO, SEO reseller, SMO, PPC, ORM and more. [...]

ERGO Group AG Launches 3rd Tech Hub of ERGO Technology and Services Management in Mumbai, India

Mumbai, Maharashtra, India (NewsVoir) • The new structure aims to leverage the potential of the Indian talent pool to scale operations and contribute to delivering ERGO Group AG’s ambition to become a leading tech-driven insurer by 2025 • ERGO Technology & Services Private Limited will provide knowledgeable exchange, international growth opportunities and a multicultural working [...]

Delhi’s govt school students to pitch over 100 start-up ideas to investors on Mar 5

New Delhi, Feb 28 (PTI) Delhi Deputy Chief Minister Manish Sisodia on Monday said that the government will organise its ‘Business Blasters’ investment summit at the Thyagaraj Stadium on March 5, during which over 100 top business ideas from government school students will be presented to the investors. He said about 500 to 700 students [...]

Crude oil futures rise on spot demand

New Delhi, Feb 28 (PTI) Crude oil prices rose Rs 390 to Rs 7,229 per barrel on Monday, 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 390, or 5.7 per cent, at Rs 7,229 per [...]

Unichem Laboratories receives USFDA approval divalproex sodium

New Delhi, Feb 28 (PTI) Unichem Laboratories Ltd on Monday said it has received approval from the US health regulator to market its generic version of Divalproex Sodium extended-release tablets used for treatment bipolar disorder and migraine. The approval by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) [...]

Four Reasons to Choose a Cruise Vacation for Your Next Romantic Getaway

Mumbai, Maharashtra, India (NewsVoir) If you are looking for a new and unique experience for your next romantic getaway with your partner, a cruise vacation is a perfect choice as it brings together some of the most unique onboard experiences with exciting destinations across the world. There is nothing like sailing across the ocean with [...]

Govt promoting setting up FPOs to boost income of small farmers: Tomar

New Delhi, Feb 28 (PTI) Agriculture Minister Narendra Singh Tomar on Monday said the government will promote setting up of more Farmer Producer Organisations (FPOs) in the country as part of its efforts to increase income of small and marginal farmers. Addressing a conference organised by CII-NCDEX FPO summit, he said the government has already [...]

Chindata Group: Mr. Wu Huapeng Being Appointed as the Group CEO, Pilot the Group in New Development

BEIJING, Feb. 28, 2022 /PRNewswire/ -- On February 25, the leading carrier-neutral hyperscale data center solution provider in Asia-Pacific emerging markets - Chindata Group officially announced that Mr. Wu Huapeng, former China President of the Group, was appointed as the Group's CEO, in full charge of the Group's strategic planning, organization management and business development, [...]

Piramal Enterprises to raise up to Rs 500 cr via NCDs

New Delhi, Feb 28 (PTI) Piramal Enterprises Ltd on Monday said the administrative committee of its board of directors has approved raising up to Rs 500 crore through issue of non-convertible debentures on a private placement basis. The committee at its meeting held on Monday approved issue of non-convertible debentures (NCDs) of up to Rs [...]

CM Haryana Honored Signature Global Group for Developing Remarkable Real Estate Projects

Group received two awards in Urban Development conclave New Delhi, Delhi, India (NewsVoir) India's Leading Real Estate group, Signature Global Group received a national recognition from Mr. Manohar Lal Khattar, Chief Minister of Haryana. Signature Global group received two awards at the conclave for creating remarkable housing projects under state housing policies, one for Affordable [...]

Mumbai’s Women Come Together for Iconic Pink Run Ladki Hoon, Lad Sakti Hoon

Around 6000 female participants run on Marine Drive heralding the resurgence of running in the city Mumbai, Maharashtra, India – Business Wire India On a breezy and pleasant Sunday morning, around 6000 of Mumbai’s fitness conscious women, among them even some elite runners, turned up for the Ladki Hoon Lad Sakti Hoon Pink Run, making [...]

Govt appoints former Sebi member Madhabi Puri Buch as chairperson

New Delhi, Feb 28 (PTI) The government on Monday appointed former Sebi member Madhabi Puri Buch as chairperson of the Securities and Exchange Board of India (Sebi). This is the first time that a woman will be heading the capital market regulator. She has replaced Ajay Tyagi, whose five-year term has come to an end. [...]

BGE-COMML-VEGETABLES

Bengaluru, Feb 28 (PTI) Following are today's Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 300-2500, Brinjal 200-22000, Tomato 100-5000, Bitter Gourd 1500-3000, Bottle Gourd 100-1500, Ash Gourd 800-1500, Green Chilly 500-9000, Banana green 1000-4000, Beans 180-4800, Green Ginger 1000-3000, Carrot 1000-6500, Cabbage 350-2200, Ladies Finger 300-4000, Snake Guard 500-2000, [...]

Rare Disease Day 2022: Raising awareness for patients suffering from rare blood diseases

BENGALURU, India, Feb. 28, 2022 /PRNewswire/ -- Rare Disease Day is observed every year on 28th February. It is a globally-coordinated movement on rare diseases, working towards equity in social opportunity, healthcare, and access to diagnosis and therapies for people living with rare disease. Having affected about a fifth of the world population, the burden [...]

NEWSALERT

Madhabi Puri Buch to replace Ajay Tyagi as new chief of capital market regulator Sebi: Sources. PTI DP MKJ MKJ

Orient Electric Expands Exhaust Fans Range with New Models

Delhi, India (NewsVoir) Orient Electric Limited, part of the diversified USD 2.4 billion CK Birla Group, has expanded its Exhaust fans range with new models which have been designed with focus on four defining aspects of style, performance, efficiency, and durability. The new models come loaded with an array of user-centric features, including a powerful [...]

Guar seed futures decline on low demand

New Delhi, Feb 28 (PTI) Guar seed prices on Monday went down by Rs 40 to Rs 5,909 per 10 quintal in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for March delivery was trading at Rs 5,909, down by Rs 40, or 0.67 per cent per 10 quintal with an [...]

Guar gum futures fall on low demand

New Delhi, Feb 28 (PTI) Guar gum prices on Monday fell Rs 182 to Rs 10,765 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for March delivery fell by Rs 182 or 1.66 per cent, [...]

Supermicro Total IT System Portfolio Delivers Industry-Leading, Seamless, Edge-to-Cloud Solutions to Growing 5G and Intelligent-Edge Markets

New Systems Supporting Compute, AI Inferencing, High-Speed Streaming, and Low-Latency Demonstrated at MWC 2022 -- Including AR/VR and Lidar Applications BARCELONA, Spain, Feb. 28, 2022 /PRNewswire/ -- Super Micro Computer, Inc. (SMCI), a global leader in high-performance computing, storage, networking solutions, and green computing technology, will demonstrate the latest technologies, purpose-designed for 5G networks and [...]

Lifestyle Modifications essential for Preventing and Treating Heart Failure

Heart failure as a concept is very broad. It is said in medicines and cardiology that all heart diseases lead to heart failure. Heart failure is often misunderstood, and people attribute any sudden death with heart failure. Heart failure is the gradual weakening of the heart muscle compromising its ability to assist circulatory system to [...]

Josh to Support Manchester City’s #SameGoals Initiative

BANGALORE, India, Feb. 28, 2022 /PRNewswire/ -- Josh, India's fastest growing and most engaged short video app will support Manchester City's #SameGoals campaign, an exciting initiative aimed at promoting female participation in football globally. Josh entered into a collaboration with the 2020/21 Premier League Champions opening an official account on its platform last year to [...]

Men’s lifestyle brand Damensch raises $16.4 mn from A91 Partners, others

Mumbai, Feb 28 (PTI) Premium men's lifestyle brand Damensch has raised USD 16.4 million (around Rs 122.5 crore) in series-B funding led by A91 Partners and existing investors Saama Capital, Matrix Partners and Whiteboard Capital.The company has a portfolio of over 200 SKUs listed across over 15 categories and made more than 10 million shipments [...]

NEWSALERT

Russia's Central Bank raises key rate to unprecedented 20% in desperate bid to shore up ruble amid crippling sanctions, reports AP. PTI AMS AMS

Kia India ramps up production to full capacity at Anantapur plant

New Delhi, Feb 28 (PTI) Automaker Kia India on Monday said it has ramped up production to full capacity of 3 lakh units annually with the start of the third shift at its Anantapur plant in Andhra Pradesh.  Kia India had commenced mass production from the facility in August 2019. It had recently crossed 5 [...]

SBI-DIRECT EXCHANGE RATES

MUMBAI, FEB 28 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE ) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 74.80 76.30 74.74 76.46 EUR/INR 82.80 85.66 82.74 85.83 GBP/INR 99.30 102.48 99.22 102.69 JPY/INR 64.31 66.47 64.26 [...]

Ambuja Cement falls 15.5% in a month; should you buy the dip?

Ambuja Cements has fallen by 15.57% or by ₹56.85 in one month. It is currently trading at ₹307 to ₹310 levels.Ambuja Cements reported a 55.48% plunge in its consolidated profit from 968.24 crores in FY21 to ₹430.97 crores in FY22. Ambuja Cements has fallen by 15.57% or by ₹56.85 in one month. It is currently [...]

Infra planning, implementation, monitoring to get new direction from Gati Shakti: PM

New Delhi, Feb 28 (PTI) Prime Minister Narendra Modi on Monday said the PM Gati Shakti plan will give a new direction to the development of modern infrastructure through planning, implementation and monitoring, besides cutting down on time and cost overruns of projects. He also asked the corporates to partner with the government and increase [...]

A Home-Grown Brand with an Exemplary Story – Kajaria

New Delhi, Delhi, India – Business Wire India Ranked as India's number one Tile company, Kajaria's brand story is enthusiastically inspiring. While most stories of successful brands are impelling, Kajaria's is genuinely stimulating because of its dramatic growth rate. It is not an age-old company with a legacy to rest upon. Starting in 1985, Kajaria [...]

PRICES MUM GENERAL OPEN

MUMBAI, FEB 28 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 65354.00 STANDARD GOLD (99.5) : 50686.00 PURE GOLD (99.9) : 50890.00 -------- CALCUTTA BULLION :- N/A.-------- PTI MUM SVC SVC SVC

Skoda drives in all new Slavia; price starts at Rs 10.69 lakh

New Delhi, Feb 28 (PTI) Skoda Auto India on Monday said it has launched an all-new Slavia with a price starting at Rs 10.69 lakh (ex-showroom), hotting up competition in the premium mid-size sedan segment.The model, which features a one-litre petrol engine, comes in three variants -- Active, Ambition and Style.A six-speed manual gearbox will [...]

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