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Reliance group stock jumps 10% after it reports 115% YoY increase in net profits
Reliance Group stock engaged in offering other information services through multiple platforms jumped upto 10 percent in the day’s trade upon declaring its Q2FY25 results with a 115 percent jump in Net Profits Price Action With a market capitalization of Rs. 11,080 Crores, the shares of Just Dial Limited were trading at Rs. 1,305 per [...]
Stock under ₹10 hits 5 % upper circuit after receiving order worth ₹15 Cr from Tata group
The shares of the gold jewelry manufacturer hit 5 percent upper circuit after the company received a prestigious work order from the Tata Group company, worth Rs 15 crore. With a market capitalization of Rs 265.99 crore, the shares of Ashapuri Gold Ornament Ltd were trading at Rs 7.98 per share, increasing around 5 percent [...]
Textile stock jumps 17% after signing agreement with Adidas
Shares of this textile stock skyrocketed more than 17 percent on Friday, after it announced entering into a manufacturing agreement with Adidas India Marketing Private Limited as a T-1 supplier. Price Movement In Friday's trading session, Active Clothing Company Ltd's share price reached an intra-day high of Rs.113.00 per share, rising 17.4 percent from its [...]
Drone stock jumps 3% after Citi Group buys 1.54% stake in the company
The shares of the drone manufacturer gained up to 3 percent after Citigroup Global Markets Mauritius Private Limited, an FII bought 6,65,187 equity shares in the company. With a market capitalization of Rs 2,979.32 crore, the shares of Ideaforge Technology Ltd were trading at Rs 692.40 per share, increasing around 2.36 percent as compared to [...]
Solar stock hits 5% upper circuit after receiving projects worth ₹1132 Cr from Maha Gov
Stock engaged in providing EPC and O&M services to companies operating in telecom, solar energy, and infrastructure hit a 5 percent upper circuit in the day’s trade upon receiving solar projects worth Rs. 1,132 Crores from the Maharashtra Government. Price Action With a market capitalization of Rs. 6,717 Crores, the shares of Bondada Engineering Limited [...]
Auto stock falls 5% after it receives sell call for downside of 20%
According to DSIR, the Compressors, Pumps, and Diesel Engines sector in India is expected to develop significantly in FY24, with a predicted market size of over Rs 1.5 trillion. The diesel engine industry alone is forecast to generate over 1.2 million engines, reflecting advances in technology and production capacities. This industry is critical to the [...]
Bank stock jumps 9% after announcing appointment of new MD & CEO
Shares of this Mid-cap private sector bank surged 9.5% in Friday’s trade after announcing new MD & CEO Stock Action: Bandhan Bank Ltd, holding a market cap of Rs. 32,871. .87 Crores, experienced a rise in its share price from Rs. 187.75 to Rs. 205.8 per share in the early trading hours. Reason behind the [...]
Defence stock jumps after receiving ₹121.67 Cr order from Maharashtra Govt. for AI based project
The shares of the leading defence company jumped 1 percent after the company received a purchase order from Maharashtra State Power Generation Company Ltd, which is valued at Rs 121.67 crore. With a market capitalization of Rs 89,308.33 crore, the shares of Mazagon Dock Shipbuilders Ltd were trading at Rs 4,431.75 per share, increasing around [...]
Solar stock hits 5% upper circuit after receiving order for world’s largest rooftop solar contract
Shares of this solar stock hit the 5 percent upper price band on Friday, after securing a prestigious order to develop the digital ecosystem and technological deployment of the World’s Biggest Rooftop program of Govt. of India for the PM Surya Ghar: Muft Bijli Yojana. Price Movement In Friday's trading session, Ahasolar Technologies Limited's share [...]
Infra stock jumps 5% after receiving work order worth ₹161 Cr for Indian Railways
Infra stock engaged in providing engineering, procurement, and construction (EPC) services and operation & maintenance for Government and Private projects jumped upto 5 percent in the day’s trade upon receiving a new work order worth ~Rs. 161 Crores. Price Action With a market capitalization of Rs. 3,442 Crores, the shares of Vishnu Prakash Punglia Limited [...]
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Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
Luca & Friends is the First Educational App for Kids using AI Technology to Combine Learning and Fitness
App gets kids moving with fun, immersive educational games covering topics in English and Science, Technology, Engineering and Math (STEM) New Delhi (India), Feburary 28: The World Health Organization recommends 60 minutes of exercise daily, yet 76% of American kids are falling short of that goal. To help families, schools and out-of-school time programs address [...]
O.P. Jindal Global University Campus is Now Physically Open for Students
28 February, 2022: O.P. Jindal Global University (JGU) in Sonipat, Haryana is excited to welcome its faculty members and students back to the campus after two years. The campus has physically reopened on February 27,2022 as per its institutional plans in compliance with directives of the Government of Haryana. The campus was closed on 6 [...]
Will work towards improving bilateral trade: President Joe Biden’s ambassadorial nominee to India
US President Joe Biden’s ambassadorial nominee to India Eric Garcetti has assured the influential Indian-American community that he will work towards improving bilateral trade and underlined the importance of human rights and pluralism. During a closed-door dinner meeting with prominent members of the Indian-American community, Garcetti, who is currently the Mayor of Los Angeles, said [...]
Google launches Play Pass in India to offer over 1,000 apps without ads
New Delhi, Feb 28 (PTI) Google on Monday announced the launch of Play Pass section in Play store to offer over 1,000 apps and games without advertisement and provide access to their premium features on a fixed monthly or annual charge.The Play Pass collection will include titles from sports, puzzles, or action games like Jungle [...]
Champions of Change honors the Change Makers of Telangana
Hyderabad, Telangana, India (NewsVoir) In a recently held ceremony at Taj Deccan in Hyderabad, a Jury headed by the Former Chief Justice of India & Former Chairman NHRC, Justice K.G Balakrishnan selected and conferred the Champions of Change awards to a few eminent personalities for promoting the values of courage, community service and inclusive social [...]
Biocon Biologics to acquire Viatris Inc’s biosimilars biz for USD 3.33 bn
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 biosimilars business to create a [...]
DevOps Excellence Awards – Torry Harris are finalists in five categories
NEW YORK and BRISTOL, England and BANGALORE, India, Feb. 28, 2022 /PRNewswire/ -- Torry Harris Integration Solutions (THIS), a recognized leader in integration strategy, API Management and delivery, today announced their nomination as finalists in the DevOps Excellence Awards 2022. The initiatives delivered by THIS under these five categories include: 1. Best AIOps/MLOps Tool – [...]
NEWSALERT
Ruble plunges 26% after US, other western countries block Russian central bank from SWIFT banking system, reports AP. PTI AMS AMS
MUMBAI, FEB 28 (PTI) Money Market Operations as on FEB 25 2021
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 537,562.21 3.27 2.00-5.25 I. Call Money 7,429.99 3.28 2.20-3.50 II. Triparty Repo 412,582.65 3.25 3.05-3.37 III. Market Repo 117,514.57 3.32 2.00-3.50 IV. Repo in Corporate Bond 35.00 5.25 5.25-5.25 B. Term Segment I. Notice Money** [...]
Maha: 1 unit of Parli thermal power generation plant shut due to coal shortage
Aurangabad, Feb 28 (PTI) One out of the three power generation units at Parli Thermal Power Plant in Maharashtra's Beed district has been shut due to the shortage of coal, a senior official said on Monday. The Parli Thermal Power Plant is one of the coal-based power plants of Maharashtra State Power Generation Company (Mahagenco). [...]
PM Gati Shakti to play big role in development of modern infra: PM
New Delhi, Feb 28 (PTI) Prime Minister Narendra Modi on Monday said the PM Gati Shakti initiative will help in further developing modern infrastructure in the country through a better coordination and monitoring. He also asked the private sector to partner with the government and increase investments. The PM Gati Shakti - National Master Plan [...]
Virat Ambuja Steel Appoints Kashmir Steel as Conversion Agent in Jammu and Kashmir
Jammu, Jammu and Kashmir, India – Business Wire India Virat Ambuja TMT Bars has appointed Kashmir Steel Rolling Mills as a conversion agent in Jammu and Kashmir. After the launch of Virat Ambuja brand TMT Bars in the North Indian states of Punjab, Himachal and Jammu & Kashmir UT, the brand has proudly appointed Kashmir [...]
Amazing Deals on Aquaguard Water Purifiers at the Bajaj Finserv EMI Store: Cashback of up to Rs. 5,000
Avail of discounts & cashback offers on the purchase of Aquaguard water purifiers from the Bajaj Finserv EMI Store Pune, Maharashtra, India (NewsVoir) Bring home the goodness of clean drinking water with an Aquaguard water purifier. Customers can buy Aquaguard water purifiers from the Bajaj Finserv EMI Store on EMIs starting from Rs. 940. Also, [...]
Union Health Minister Highlights the Contribution of Physicians of Indian Origin
Global Indian physicians congress brings together doctors from 53 countries New Delhi, Delhi, India (NewsVoir) The Global Association of Physicians of Indian Origin (GAPIO), a non-profit organization that aims to bring together 1.4 million physicians of Indian Origin on one platform organized its XII Annual Congress virtually on 26th and 27th February. The congress has [...]
DeHaat is now a certified ‘Great Place to Work’
NEW DELHI, Feb. 28, 2022 /PRNewswire/ -- DeHaat, India's fastest growing full-stack AgriTech platform, has recently announced that it has been certified as a Great Place to Work. This recognition comes as another feather in the company's cap on its journey towards creating value for the agriculture industry at large through tech-infused solutions. Great Place [...]
UBS, KPMG, IBM Recruited Talent from Woxsen University MBA Placement Drive 2022
HYDERABAD, India, Feb. 28, 2022 /PRNewswire/ -- Woxsen's Placement Drive 2022 for its Flagship MBA Programs recorded 100% Track yet again. With the return of Global Corporations such as IBM, KPMG, DELL, Deloitte, Tech Mahindra, Standard Chartered Bank, UBS, Aditya Birla Group, IHS Markit, Divi's Laboratories and College Dunia, over 124 leading corporates across sectors [...]
NEWSALERT
Sensex tanks over 726 points to 55,132 in opening deals; Nifty cracks 234 points to 16,425. PTI MKJ BAL BAL
Flexible and compliant cloud calling is now available to Indian businesses as Exotel bags virtual network operator license; first Indian customer engagement platform to become a virtual operator
BENGALURU, India, Feb. 28, 2022 /PRNewswire/ -- Bengaluru-based full stack customer engagement platform Exotel announced that they secured the Unified License for Virtual Network Operator (UL VNO Access Service) from the Department of Telecommunications (DoT). With the license, Exotel, in partnership with telecom operators, offers the most flexible, affordable, and fully compliant internet calling solution [...]
Russia becomes global, economic and financial pariah: WH
Washington, Feb 27 (PTI) Russia has become a global, economic and financial pariah, a senior White House official has said, asserting that the government led by President Vladimir Putin is getting kicked off the international financial system as over 30 countries have announced sanctions and export controls on Moscow. The US and its key allies [...]
Ukraine crisis: IndiGo to operate flights to Budapest, Bucharest to bring back Indians
New Delhi, Feb 27 (PTI) The country's largest carrier IndiGo will operate flights to Budapest and Bucharest to bring back Indians who are stranded in Ukraine, according to an airline official. For now, the airline has decided to operate one flight each to Budapest (Hungary) and Bucharest (Romania). The flights will be operated through Istanbul. [...]
Nepal’s Parliament ratifies contentious US-funded USD 500 million grant agreement amidst protest
Kathmandu, Feb 27 (PTI) Nepal's Parliament on Sunday ratified a contentious US-funded USD 500 million grant agreement a day ahead of the February 28 deadline set by Washington, ending months of debates, protests and polarisation in the Himalayan nation.Finance Minister Janardhan Sharma presented the proposal in the House of Representatives for endorsement of the Millennium [...]
KVIC proposes lifting of export ban on bamboo charcoal
New Delhi, Feb 27 (PTI) Khadi and Village Industries Commission (KVIC) on Sunday said it has urged the government to lift the export ban on bamboo charcoal for optimum utilisation of raw bamboo and higher profitability in the industry. KVIC Chairman Vinai Kumar Saxena has written to Commerce and Industry Minister Piyush Goyal, seeking removal [...]
New rules specifies technical qualification of BBMB members: Power Min
New Delhi, Feb 27 (PTI) The Power Ministry on Sunday stated that the central government has specified technical qualification for power and irrigation members of Bhakra Beas Management Board (BBMB) in the new rules following the directions of the high court. The statement came after some opposition leaders reportedly attacked the central government for notifying [...]
US, allies to cut off selected Russian banks from SWIFT messaging system to tighten sanctions on Moscow
Washington/Moscow, Feb 27 (PTI) Seeking to cripple Russia's economy for invading Ukraine, the US and its key allies have decided to expel selected Russian banks from the SWIFT financial messaging system and impose restrictive measures on its central bank to limit Moscow's ability to access its overseas reserves.The leaders of the US, the European Commission, [...]
Guava export rises to USD 2.09 mn in Apr-Jan
New Delhi, Feb 27 (PTI) Export of guavas has risen to USD 2.09 million in April-January 2021-22 against USD 0.58 million in April-January 2013-14, the commerce ministry said on Sunday. India's export of fresh fruits has also witnessed considerable growth. Major exporting destinations of fresh fruits include Bangladesh, the Netherlands, the UAE, the UK, Nepal, [...]
Major power outage halts trains in Mumbai; MSETCL-Tata Power blame each other
Mumbai, Feb 27 (PTI) A major power outage hit pockets of the financial capital on Sunday, halting the city lifeline local trains for over an hour and inconveniencing residents on a weekend. Taking serious note of the power disruption in Mumbai, a rare occurrence, the Maharashtra government has ordered a high-level probe. The state-run Maharashtra [...]
Govt notifies 8-fold increase in solatium for death in hit-&-run case
New Delhi, Feb 27 (PTI) The compensation to the kin of hit-and-run victims will be increased sharply by eight-fold to Rs 2 lakh in case of death from April 1, according to a notification by the Road Transport and Highways Ministry. The solatium to a person sustaining grievous injuries in a hit-and-run case will increase [...]
Ukraine crisis: IndiGo to operate flights to Budapest to bring back Indians
New Delhi, Feb 27 (PTI) IndiGo will operate two flights to Budapest to bring back Indians who are stranded in Ukraine, according to an official. The flights will be operated on Monday and Tuesday from Delhi. They will first fly to Istanbul and then to Budapest in Hungary. In the return leg, the flights will [...]
Jeep Compass Trailhawk launched at Rs 30.72 lakh
New Delhi, Feb 27 (PTI) Jeep India on Sunday launched the all new Jeep Compass Trailhawk in the country priced at an introductory price of Rs 30.72 lakh (ex-showroom). The model is the off-road-focused version of the Jeep Compass and has been fine-tuned to provide the best blend of on-road and off-road ride comfort and [...]
Govt notifies 8-fold increase in solatium to Rs 2 lakh for death in hit-and-run case
New Delhi, Feb 27 (PTI) The compensation to the kin of hit-and-run victims will be increased sharply by eight-fold to Rs 2 lakh in case of death from April 1, according to a notification by the Road Transport and Highways Ministry. The solatium to a person sustaining grievous injuries in a hit-and-run case will increase [...]
US, allies to cut off selected Russian banks from SWIFT messaging system to tighten sanctions on Moscow
Washington/Moscow, Feb 27 (PTI) Seeking to cripple Russia's economy for invading Ukraine, the US and its key allies have decided to expel selected Russian banks from the SWIFT financial messaging system and impose restrictive measures on its central bank to limit Moscow's ability to access its overseas reserves.The leaders of the US, the European Commission, [...]
Govt cancels Rs 19,000-cr tender for connecting villages in 16 states with broadband
New Delhi, Feb 27 (PTI) State-owned Bharat Broadband Nigam Ltd has cancelled a Rs 19,000-crore tender that was floated for connecting villages across 16 states with an optical fibre-based high-speed broadband network, following the lack of participation of eligible bidders. The project was approved in June last year to roll out an optical fibre network [...]
DMRC hires top consulting firm for planning major integration of metro services, e-com
New Delhi, Feb 27 (PTI) The Delhi Metro has set the ball rolling on a visionary project that seeks to integrate its regular services with e-commerce via cutting-edge digital platforms, with the DMRC hiring a top consulting firm to work on the plan, official sources said. According to the vision, for instance, a rider may [...]
Mobile phone users can approach consumer forum for deficiency in service: SC
New Delhi, Feb 27 (PTI) The Supreme Court has held that an individual facing any deficiency in telecom services can approach consumer forums directly with his complaint against the company. The fact that the remedy of arbitration under the Indian Telegraph Act of 1885 is of a statutory nature would not oust the jurisdiction of [...]
Suramin reduces drug resistance in mycobacteria, says study
Thiruvananthapuram, Feb 27 (PTI) Harmful bacteria that cause diseases like TB and leprosy has become resistant to antibiotics warranting novel strategies to control it, says a study by Rajiv Gandhi Centre for Biotechnology (RGCB) here. The study, published in the journal 'Antimicrobial Agents and Chemotherapy' reveals application of antibiotics results in a two-phase killing of [...]
Kalyan Jewellers to accelerate expansion through franchise model from H1 FY23
Mumbai, Feb 27 (PTI) Kalyan Jewellers is planning to enter the franchise model in the first half of the next financial year to accelerate expansion mainly in the non-southern India market, according to a top company executive. "We decided to make a foray into the franchise model to accelerate our expansion. Till date, all stores [...]
Air India evacuation flights costing Rs 7-8 lakh per hour: Source
As Air India ferries hundreds of Indians stranded in Ukraine, the cost of operating a two-way evacuation flight will be more than Rs 1.10 crore and the amount will go up depending on the duration of the flights. The airline is operating the services with wide-body Boeing 787 plane, better known as Dreamliner, from neighbouring [...]
HMT Machine Tools Ajmer develops local machine for railway axle grinding
Jaipur, Feb 27 (PTI) HMT Machine Tools Ajmer, a wholly-owned subsidiary of state-run HMT Limited, has developed a highly-productive grinding machine for railway axles which would cost less than half of similar imported equipment, the company said on Sunday. Indian Railways was importing these machines from European countries as such equipment was not being manufactured [...]
Airport in Kochi to become power-positive with new solar plant from March 6
Kochi, Feb 27 (PTI) The Cochin International Airport Limited (CIAL), the world's first airport fully powered by solar energy, is to become power-positive with the commissioning of its new solar power plant near Payyannur in Kannur district of Kerala. Chief Minister of the State Pinarayi Vijayan would inaugurate the 12 MWp solar power plant on [...]
Govt to accept RCMC application from exporters via online mode only
New Delhi, Feb 27 (PTI) The commerce ministry has made it mandatory for exporters to file registration-cum-membership certificate (RCMC) applications through a common digital portal, a move aimed at promoting ease of doing business for the trading community. According to the Foreign Trade Policy, a Registration-cum-Membership Certificate (RCMC) is required for exporters in order to [...]
RBI proposes to assess impact of its financial literacy campaigns; invites request for proposal
Mumbai, Feb 27 (PTI) The Reserve Bank of India (RBI) is proposing to assess the impact of the multi-media awareness campaigns launched by it to promote financial literacy and also safe banking practices. The RBI runs the 'RBI Kehta Hai' campaign to educate and empower the public about banking regulations, and also to make them [...]
Govt scouts for chief of properties & monetisation officer for AIAHL
New Delhi, Feb 27 (PTI) The government is looking to hire a person to manage and monetise land as well as other immovable properties of AI Assets Holding Ltd (AIAHL) that are estimated to be worth around Rs 14,000 crore. The designation of the person will be 'Chief of Properties and Monetisation Officer' and will [...]
This stock has given multibagger returns of 1700% in less than a year
Its share price surged from 25.50 levels to ₹477.10 in one year.The share price was up 1.9% in the last trading sessionThe reason for an increase in its share price could be the increase in its total income from 5.68 crores in Q3FY21 to 32.46 crores in Q3FY22. This is a whopping 497.56% increase. Ritesh [...]
Jaipur Rugs aims to be Rs 1,000-cr firm next fiscal; to open new stores in Europe, Southeast Asia
New Delhi, Feb 27 (PTI) Jaipur Rugs aims to be a Rs 1,000-crore company in the next financial year, helped by expansion in the domestic and overseas markets, as the handmade rugs manufacturer has opened a new store in Europe and is looking at Southeast Asian markets also, said a company official. The firm has [...]
Brigade Enterprises’ sales bookings up 14% Rs 1,995 cr in Apr-Dec on better housing demand
New Delhi, Feb 27 (PTI) Bengaluru-based realty firm Brigade Enterprises Ltd's sales bookings increased by 14 per cent to Rs 1,994.8 crore in the first nine months of this fiscal, mainly on the back of revival in housing demand. According to an investors presentation, the company sold properties worth Rs 1,994.8 crore during April-December period [...]
Nepal’s ruling alliance members likely to back US-grant pact in Parliament
Kathmandu, Feb 27 (PTI) Nepal's ruling alliance is likely to back the USD 500 US-grant Millennium Corporation Challenge (MCC) programme during a discussion on the contentious issue in Parliament on Sunday.A meeting of the ruling coalition partners is underway at the Prime Minister Sher Bahadur Deuba's official residence here to discuss ways to ratify the [...]
Hope to get Parliament nod on data protection legislation latest by Monsoon session: Vaishnaw
New Delhi, Feb 27 (PTI) Extensive deliberations are on over various aspects and suggestions related to the draft data protection Bill, and the government hopes to resolve certain complex issues soon and get Parliament's approval on the legislation latest by the monsoon session, according to IT Minister Ashwini Vaishnaw. He said there is no plan [...]
Road transport ministry allows vehicles to have maximum 3 decks to transport 2-wheelers
New Delhi, Feb 27 (PTI) The Ministry of Road Transport and Highways has allowed rigid vehicles as well as trailers to have a maximum of three decks to transport two-wheelers, with the load body not projecting over the driver's cabin, an official statement said on Sunday. This will enhance the carriage capacity by 40-50 [...]
NPCI focusing on new customers to expand RuPay credit card base
New Delhi, Feb 27 (PTI) The National Payments Corporation of India (NPCI) is focussing on gaining new customers to expand the indigenous RuPay-enabled credit card base, as the retail payments umbrella body is still a new entrant in this space, a top official of the company said. "If you look at the credit cards, we [...]
Indian-American entrepreneur optimistic on India’s future as major global player
Washington, Feb 27 (PTI) An Indian Institute of Technology campus in the UAE, the funding of an Aadhaar-like citizenry identification in Sri Lanka or the launch of UPI payment system in Nepal are not unconnected events, but are tell-tale signs that India in the next decade will rise as a major global player, a top [...]
Indian-American entrepreneur optimistic on India’s future as major global player
Washington, Feb 27 (PTI) An Indian Institute of Technology campus in the UAE, the funding of an Aadhaar-like citizenry identification in Sri Lanka or the launch of UPI payment system in Nepal are not unconnected events, but are tell-tale signs that India in the next decade will rise as a major global player, a top [...]
India’s oil import bill to top USD 100 bn in current fiscal
India's crude oil import bill is set to exceed USD 100 billion in the current fiscal year ending March 31, almost double its spending last year, as international oil prices trade at seven-year highs. India spent USD 94.3 billion in the first 10 months (April-January) of the ongoing financial year that started April 1, 2021, [...]
Govt extends HLL Lifecare bid submission deadline till March 14
New Delhi, Feb 27 (PTI) The government has for the second time extended till March 14 the deadline for prospective buyers to submit EoIs for strategic sale-bound HLL Lifecare. The Department of Investment and Public Asset Management (DIPAM) had initially on December 14 invited preliminary bids for selling the government's 100 per cent stake in the [...]
Reliance Retail: King of India Retail
New Delhi, Feb 27 (PTI) Reliance Retail - which grew its retail footprint by 39 per cent (in square feet) since the pandemic, added multiple brands and expanded its digital commerce - will further swell its network with the addition of Future Retail stores that came under its fold after the owner couldn't pay lease [...]
Niti studying proposal to tax foods high in sugar, salt to tackle obesity
New Delhi, Feb 27 (PTI) India can take actions such as taxation of foods high on sugar, fat and salt and front-of-the pack labelling to tackle rising obesity in the population, according to teh annual report of Niti Aayog. The government think-tank is reviewing the evidence available to understand the actions India can take to [...]
L&T’s CSR spend at Rs 150 cr in FY’21
New Delhi, Feb 27 (PTI) Engineering conglomerate Larsen and Toubro (L&T) spent Rs 150 crore in FY'21 on corporate social responsibility activities, impacting 1.21 million beneficiaries. The beginning of the current year was noteworthy for L&T's efforts in corporate social responsibility (CSR) as the company's CSR team handed over two Integrated Community Development Projects (ICDPs) [...]
Aurobindo, Sun Pharma recall products in US market
New Delhi, Feb 27 (PTI) Leading homegrown drug makers Aurobindo Pharma and Sun Pharmaceutical Industries are recalling different products in the US market due to deviation from standard manufacturing norms. According to the latest enforcement report issued by the US Food and Drug Administration (USFDA), the US-based arm of Aurobindo Pharma is recalling 1,15,776 bottles [...]
Fly Big Airlines all set to start Indore-Gondia-Hyd flight from Mar 13: CMD
Gondia, Feb 26 (PTI) Fly Big Airlines is all set to commence the flight operations on Indore-Gondia-Hyderabad route from here next month, the chairman and managing director of the airline, Sanjay Mandviya, said on Saturday. Mandviya said that all the formalities have been completed and the company is all set to commence the operations from [...]
Aspire to double spices exports to USD 10 bn in 5 yrs; focus on quality: Goyal
New Delhi, Feb 26 (PTI) Commerce and Industry Minister Piyush Goyal on Saturday appealed to the spices industry to focus on the quality of products and aspire to double exports to USD 10 billion in the next five years. In the last fiscal, the country exported spices and spices products worth about USD 5 billion. [...]
Religare Finvest defaults on Rs 96 lakh interest payment on bonds
New Delhi, Feb 26 (PTI) Religare Finvest Ltd (RFL) has defaulted on interest payment to the bond holders due on February 25 due to asset liability mismatch arising out of siphoning and misappropriation of funds by erstwhile promoters of its parent company Religare Enterprises Ltd, a regulatory filing said on Saturday. RFL, a subsidiary of [...]
Steel consumption to rise due to govt programmes, schemes: Singh
New Delhi, Feb 26 (PTI) Union Steel Minister Ram Chandra Prasad Singh on Saturday said the consumption of steel will continue to rise due to various programmes and schemes of the government and stressed that a mission to develop the secondary steel sector is in the making. The minister also lauded the government and the [...]
Russia-Ukraine conflict hits sunflower oil imports; industry weighs options in other countries
New Delhi, Feb 26 (PTI) With imports of sunflower oil getting affected due to the conflict between Ukraine and Russia, industry body SEA on Saturday said it is weighing options to source cooking oils from other countries to maintain domestic supply and keep retail prices under check. Industry players expect prices of cooking oils to [...]
NHIDCL MD reviews ongoing projects in J&K
Jammu, Feb 26 (PTI) The newly-appointed Managing Director of National Highways and Infrastructure Development Corporation Limited (NHIDCL), Chanchal Kumar, reviewed ongoing projects in Jammu and Kashmir, and exhorted the contractors to complete their projects within the stipulated timelines. Kumar reviewed the projects during his three-day tour to the Union Territory during which he also called [...]
MoU signed to showcase sector-wise opportunities to investors in J-K
Jammu, Feb 26 (PTI) A memorandum of understanding (MoU) was signed between Jammu and Kashmir Trade Promotion Organization (JKTPO) and Ladakh Jammu and Kashmir Economic Growth and Development Dialogue (LEAD) here, an official spokesman said. The MoU has been signed in order to showcase the sector-wise opportunities in Jammu and Kashmir to potential investors and [...]
BSP MP claims govt not giving satisfactory reply on law on MSP
New Delhi, Feb 26 (PTI) BSP Lok Sabha member Danish Ali on Saturday accused the central government of failing to give a "satisfactory answer" to his demand for making a law on Minimum Support Price in the Winter Session of Parliament. He also claimed that Union Agriculture Minister Narendra Singh Tomar is "simply trying to [...]
Aspire to double spices exports to USD 10 bn in 5 yrs; focus on quality: Goyal
New Delhi, Feb 26 (PTI) Commerce and Industry Minister Piyush Goyal on Saturday appealed to the spices industry to focus on the quality of products and aspire to double exports to USD 10 billion in the next five years. In the last fiscal, the country exported spices and spices products worth about USD 5 billion. [...]
Reliance takes control of around 200 Future Retail stores, offers jobs to employees
New Delhi, Feb 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Saturday. Reliance Retail, the retail arm of the oil-to-telecom [...]
Reliance General, SBI General participate in govt’s doorstep crop insurance policy distribution drive
New Delhi, Feb 26 (PTI) Reliance General Insurance Company Ltd (RGICL) and SBI General on Saturday said they have participated in the Pradhan Mantri Fasal Bima Yojana's nationwide doorstep crop insurance policy distribution mega drive -- 'Meri Policy Mere Hath' under Azadi Ka Amrit Mahotsav campaign. Reliance General Insurance Company Ltd (RGICL) said it has [...]
AI flight carrying Indian evacuees from Ukraine to arrive Mumbai in evening
Mumbai, Feb 26 (PTI) The campaign to repatriate Indian nationals from Ukraine has commenced as the first Air India flight, AIC-1944, from Bucharest in Romania carrying 219 Indian evacuees from Ukraine, is expected to arrive in the city late evening, an official statement said on Saturday. The Air India flight had departed from Mumbai at [...]
Taxpayers’ contribution to country remarkable; govt’s duty to protect them: Gadkari
New Delhi, Feb 26 (PTI) Terming the taxpayer's contribution to the country's reconstruction 'remarkable' and 'historical', Union minister Nitin Gadkari on Saturday said it is the duty of the government to protect the honest taxpayer. Addressing the '2nd TIOL National Taxation Awards 2021', Gadkari further said the government is constantly bringing reforms in the tax sector. "Today, [...]
SRM University-AP Launches Aadigyan: To Promote India’s Cultural Knowledge Tradition
Andhra Pradesh, India (NewsVoir) Aadigyan, the flagship initiative of the International Relations and Higher Studies office at SRM University-AP, has been launched in a grand ceremony held at the auditorium in hybrid mode on February 26, 2022. Chief Guest Shri G Kishan Reddy, Minister of Tourism, Culture, and Development of the North Eastern Region of [...]
Reliance takes control of around 200 Future Retail stores, offers jobs to employees
New Delhi, Feb 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd has taken over the operations of at least 200 stores of Future Retail and has offered jobs to its employees after the Kishore Biyani-led group failed to make lease payments to landlords, sources said on Saturday. Reliance Retail, the retail arm of the oil-to-telecom [...]
UK leads drive to exclude Russia from SWIFT banking network
London, Feb 26 (PTI) The UK government is leading the charge in Europe to exclude Russia from the worldwide SWIFT banking network, as part of tough sanctions designed to deliver a financial blow to President Vladimir Putin over his invasion of Ukraine.The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world’s main banking messaging [...]
India watching global energy markets, supports release of oil from strategic storage
New Delhi, Feb 26 (PTI) India, the world's third largest energy importing and consuming nation, on Saturday said it is closely monitoring the global energy markets to track any supply disruptions following the Russia-Ukraine conflict, and will support release of oil from strategic storages to cool prices. International oil prices climbed to an over seven-year [...]
VIL realigns consumer digital function to drive operational scale, pace of delivery
New Delhi, Feb 26 (PTI) Telecom operator Vodafone Idea is re-aligning and streamlining its consumer digital resources to sharpen focus on driving operational scale and pace of delivery. VIL is proposing to bring all digital resources from different functions under a more 'holistic and integrated' consumer digital product curation and delivery organisation, according to an [...]
Brakes India unveils high performance friction brake pads
Chennai, Feb 26 (PTI): Brakes India, engaged in the manufacturing of braking equipment for automotive and non-automotive applications, recently unveiled high-performance braking pads that offer enhanced braking at high speeds and in hilly train regions, the company said on Saturday. The new 'Elite' brake pads, launched under the TVS Apache brand are stripe coated with [...]
Sebi comes out with terms of usage of market data
New Delhi, Feb 26 (PTI) With an aim to enhance the ease of accessibility and usability of data disseminated in public by various data sources in securities market, Sebi has asked market intermediaries to make available such data to users, 'free of charge' both for 'viewing' and for download. Financial markets are traditionally data-rich and data-driven [...]
Cabinet allows up to 20 pc FDI in IPO-bound LIC: Sources
New Delhi, Feb 26 (PTI) The government on Saturday permitted up to 20 per cent foreign direct investment (FDI) under automatic route in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer, sources said. The decision in this regard was taken by the Union Cabinet, chaired by Prime Minister Narendra Modi. [...]
World Bank appoints its India head as VP, Operations at Multilateral Investment Guarantee Agency
Washington, Feb 26 (PTI) The World Bank's India head, Junaid Kamal Ahmad, has been appointed as one of the vice presidents of the global lending institution. Ahmad -- who as Vice President, Operations would head the Multilateral Investment Guarantee Agency (MIGA) -- is the second Bangladeshi national to be appointed to such a high position [...]
IPR plays important role in strengthening growth, focus on development: FM
New Delhi, Feb 26 (PTI) Finance Minister Nirmala Sitharaman on Saturday said India is at a stage where growth and the focus on development have got to be strengthened from every side and intellectual property rights (IPRs) have an important role in it. The minister mentioned that 28,000 patents were granted last year as opposed [...]
Cabinet approves offering of coal via common e-auction window
New Delhi, Feb 26 (PTI) The government on Saturday approved offering of dry-fuel by coal companies, including state-owned CIL, through a common e-auction window instead of sector specific auctions. The approval was given during a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. In a statement, the coal [...]
Lanka IOC raises petrol, diesel prices
Colombo, Feb 26 (PTI) Indian Oil Corporation's Sri Lankan subsidiary raised the price of petroleum by Rs 20 on Saturday, citing hike in fuel costs globally. Apart from the price revision of petroleum, diesel will now be Rs 15 costlier. This fuel price hike is the second this month by Lanka Indian Oil Company (LIOC). [...]
Cabinet allows up to 20% FDI in IPO-bound LIC: Sources
New Delhi, Feb 26 (PTI) The Union Cabinet on Saturday permitted up to 20 per cent foreign direct investment (FDI) under automatic route in IPO-bound LIC with an aim to facilitate disinvestment of the country's largest insurer, sources said. The decision in this regard was taken by the Cabinet, chaired by Prime Minister Narendra Modi. [...]
Discount of up to Rs. 3,000 on the Purchase of Peps Mattress from the Bajaj Finserv EMI Store
Bring home a comfortable Peps mattress on No Cost EMI and also avail of other exciting deals at the Bajaj Finserv EMI Store Pune, Maharashtra, India (NewsVoir) The perfect balance of comfort and support makes Peps mattresses the perfect solution for a sound sleep. Customers can now bring home Peps mattresses at affordable prices as [...]
NEWSALERT
Cabinet allows up to 20 pc FDI in IPO-bound LIC under automatic route: Sources. PTI RR ANZ ABM ABM
Biz with over Rs 20 cr turnover to mandatorily generate e-invoice from April 1
New Delhi, Feb 26 (PTI) Businesses with turnover of over Rs 20 crore will have to generate electronic invoice for B2B transactions from April 1, the Central Board of Indirect Taxes and Customs has said. Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with turnover of [...]
India Turned COVID-19 Crisis into an Opportunity of Growth – Priyam Gandhi-Mody
Sunjay Sudhir, Indian Ambassador to the UAE launches The Book ‘A Nation to Protect’, showcasing India’s COVID-19 response under the leadership of Prime Minister Narendra Modi, in the UAE at India Pavilion, EXPO2020 Dubai, United Arab Emirates (NewsVoir) India Pavilion yesterday witnessed the release of “A Nation to Protect: Leading India Through the COVID Crisis” [...]
T8iana, A Proud Transgender Girl Making News Worldwide with her Music
Mumbai, Maharashtra, India (NewsVoir) Tatiana, more popularly known by her stage name T8iana (‘Tay-tiana’), an Australian transgender singer-songwriter of Mauritian-Indian-French descent, has dropped her first dance/pop single “What have you gotta say now?” from her debut album ‘Celebrat8ion’. The single has been produced by Clarence Jey, the LA based, Grammy winning record producer of Rebecca [...]
Coding Ninjas announces India’s biggest coding competition -CodeKaze
New Delhi, February 25, 2022: Coding Ninjas, India’s leading platform to learn coding and get placement assistance, is elated to announce the commencement of CodeKaze, India’s biggest coding competition. Team Coding Ninjas is geared up to receive up to 200,000+ registrations from across the country and has partnered with CoinDCX, Tokopedia & 100+ heavy weights [...]
Purchase Sony TV On Bajaj Finserv EMI Store and Avail Cashback Upto Rs. 3,000
Pune, Maharashtra, India (NewsVoir) The Bajaj Finserv EMI Store has announced cashback offers of up to Rs. 3,000 on the purchase of Sony TVs. Shoppers can now purchase top-notch TVs at the lowest EMIs starting Rs. 1,024 on the EMI Store. Sony TVs have delivered unparalleled immersive audio-visual experiences to the viewers for decades. Known [...]
Ukraine crisis: Air India evacuation flight expected to land in Mumbai at 8 pm
An Air India Boeing aircraft, which departed from the Chhatrapati Shivaji Maharaj International Airport here for Romanian capital Bucharest early morning on Saturday to bring back Indian citizens stranded in Ukraine due to the Russian military offensive, is expected to arrive here at 8 pm, the airport operator said. CSMIA, in a statement, also said [...]
Powered by Blockchain Technology, Ruder Finn Starts an All-New Service – Web3 Connect, Offering Expertise in Crypto, NFTs, and Metaverse
New Delhi, Delhi, India – Business Wire India Strengthening its commitment to redefining communication with a technology-first approach, the global integrated communications consultancy, Ruder Finn India launched Web3 Connect. With a focus on upcoming sectors like Crypto, Metaverse, and NFT, the new service aims to assist and support brands with their storytelling, leveraging the firm’s [...]
Devendra Jaiswal Welcomes Dhiraj Singh; Duo to take KidsChaupal to Greater Heights
Bengaluru, Karnataka, India (NewsVoir) Devendra Jaiswal, Director and CEO of KidsChaupal Infotech Pvt. Ltd. welcomes Dhiraj Singh as the Director and Co-CEO of the company. Dhiraj Singh, an Alumni of MNNIT, Allahabad, is a seasoned technophile with experience of over 22 years in leading engineering teams to success, majorly in his tenure with Cisco Systems [...]
This multibagger stock has given more than 1550% returns in a year: 1 Lakh to 15.5 Lakh
The stock was up 3.93% in the last trading session on 25 Feb 2022 The company plans to close its only biax plant located at Barjora, West Bengal by FY22. It gets ~24% of its revenue from this plant.In the December quarter, it reported sales of ₹111.25 crores, up 9.11% YoY, as per standalone results. [...]
Russia, Ukraine conflict may hit Indian economy badly: CAIT
The conflict between Russia and Ukraine is expected to hit "badly" the Indian economy and the trade to a significant extent, domestic traders' body CAIT said on Friday. The Confederation of All India Traders (CAIT) said the impact will jeopardise efforts to recover the domestic trade from the COVID-19 pandemic. The expected rise in crude [...]
India Pavilion Symbolises Country’s Innovative Prowess: Lok Sabha Speaker Shri Om Birla
Dubai, United Arab Emirates (NewsVoir) India’s Lok Sabha Speaker Shri Om Birla along with a parliamentary delegation visited the India Pavilion at EXPO2020 yesterday. The delegation included Rajya Sabha members Shri M V Shreyams Kumar, Shri Sushil Kumar Modi, Smt. Fauzia Tahseen Ahmed Khan, Dr. M.K. Vishnu Prasad and Lok Sabha members, Shri P. Ravindranath, [...]
CirrusLabs to represent USA on digital transformation mission to Qatar, Dubai and Saudi Arabia
RESTON, Va., Feb. 25, 2022 /PRNewswire/ -- CirrusLabs, today announced its selection for Trade Winds, a U.S. Trade led mission to the Middle East from March 2nd to March 11th. Trade Winds is the largest U.S. government-led trade mission and business development forum organized by the U.S. Commercial Service to promote trade globally. "After months [...]
Right to Protein Welcomes Shalimar Group as Its Latest Supporter for Soy Fed, India’s First-Ever Feed Label
After Sneha Group in 2021, the Shalimar Group supports the ‘Soy Fed’ label with its adoption in packaging material to help consumers identify high-quality protein foods Mumbai, Maharashtra, India – Business Wire India Following the launch of India's first feed label, 'Soy Fed,' by Right To Protein, a nationwide public health initiative last year, Shalimar [...]
Pharma industry likely to grow to USD 130 billion by 2030, say industry leaders
Hyderabad, Feb 25 (PTI) The pharmaceutical sector in the country can grow to USD 130 billion by 2030, industry captains said on Friday. Several industry leaders participated in the 'CEOs Conclave' as part of 'BioAsia 2022', the Telangana government's flagship annual life sciences convention, that concluded on Friday. "I think USD 130 billion by 2030 [...]
Nepal, India to form a joint hydropower development committee
Kathmandu, Feb 25 (PTI) Nepal and India have agreed to form a Joint Hydro Development Committee to further explore the development of viable hydropower projects in the Himalayan nation with a focus on storage, it was announced here on Friday. The two sides have reached an agreement during the 9th meeting of the Nepal-India Joint [...]
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