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Stock under ₹60 jumps 17% after receiving order from Mahindra group for solar plant
The Shares of this Micro-cap diversified company surged 17.6% on Thursday’s trade after it received an order worth Rs. 1.26 Crores for a solar power project from Mahindra Holidays and Resorts India. Stock Action: TCM Ltd., with a market capitalization of Rs. 38.52 Crores , saw its shares rise to Rs. 54.75, up from its [...]
Stock jumps 19% after it receives order from Medical Education and Research, Mumbai
Shares of this micro-cap company engaged in the supply of medical equipments surged by 19.9 percent on NSE to Rs. 71.95 on Thursday, after the company announced receiving orders worth a total of Rs. 113.85 crores from the Medical Education and Ayush Department, Mumbai. With a market capitalisation of Rs. 131.4 crores, at 02:12 p.m., [...]
Stock hits 5% upper circuit after acquiring 14% stake in HAL’s JV
Small Cap Stock specialized in providing e-governance services, IT/ITES system integration, B2B trading, and many more hit a 5 percent upper circuit in the day’s trade upon acquiring a stake in Hindustan Aeronautics Limited Joint Venture. Price Action With a market capitalization of Rs. 1,747.67 Crores, the shares of VL E-Governance & IT Solutions Limited [...]
Bluechip stock jumps after receiving order worth ₹1,000 Cr from Rashtriya Chemicals & Fertilizers
Bluechip stock is one of the leading players in domestic and overseas Markets, for providing EPC Solutions across various sectors in focus upon receiving a new work order worth Rs. 1,000 Crores from Rashtriya Chemicals & Fertilizers. Price Action With a market capitalization of Rs. 4,80,905 Crores, the shares of Larsen & Toubro Limited were [...]
Infra stock jumps 3% after company to launch residential project with ₹34,000 Cr revenue potential
Shares of this infrastructure stock surged over 3 percent on plans to launch India’s Costliest Project in Gurugram, which is expected to generate revenue of Rs.34,000 crore. Share Price Variation In Tuesday's trading session, DLF Limited's share price surged 3.13 percent to Rs.878.70 per share, rising from its previous close of Rs.851.95. Over the past [...]
Infra stocks jumps 5% after receiving work order worth ₹1,667 Cr for CIDCO project
The shares of the leading highway developer gained up to 5% after the company emerged as a lower bidder for the EPC work which is valued at Rs 1,667.78 crore. With a market capitalization of Rs 6,999.83 crore, the shares of Ashoka Buildcon Ltd were trading at Rs 249.35 per share, increasing around 4 percent [...]
Fertilizer stocks jump up to 10% after Florida is expected to be hit by hurricane
According to a U.S. National Weather Service bulletin. Central and southwestern Florida, including Tampa, are expecting “life-threatening storm surge, damaging winds, and flooding rains. The hurricane is expected to hit many phosphate mines in Florida. Tampa Bay is home to up to 42 percent of the United States ammonium phosphate, 32 percent of its phosphate [...]
Stock jumps 9% after receiving order from Belgium based customer for agri implements project
Shares of a renowned auto ancillary company specialising in precision component manufacturing surged nearly 9 percent on BSE to Rs. 70.99 on Thursday, after receiving final clearance from a Belgium-based customer for the start of commercial production of the products of Agri Implements Products. With a market capitalisation of Rs. 77.5 crores, at 12:14 p.m., [...]
Chemical stock jumps 9% after signing agreement to develop graphite battery anode for EVs
The shares of the leading producer of specialty chemicals gained up to 9 percent after the company inked an agreement to develop natural graphite battery anode material. With a market capitalization of Rs 5,971.82 crore, the shares of Rain Industries Ltd were trading at Rs 177.55 per share, increasing around 7.18 percent as compared to [...]
Infra stocks jumps 7% after receiving project worth ₹2090 Cr from Maha Govt
The shares of the front-end infrastructure developer gained up to 7 percent after the company came up as the lowest bidder for the EPC project which is valued at Rs 2,090.59 crore. With a market capitalization of Rs 11,463.45 crore, the shares of PNC Infratech Ltd were trading at Rs 446.85 per share, increasing around [...]
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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
Committed to further financing IB MonotaRO for growth when required: IndiaMART founder
New Delhi, Feb 24 (PTI) IndiaMART, along with MonotaRO, is committed to further financing IB MonotaRO for growth when required, a top official of B2B e-commerce firm IndiaMART said on Thursday. IndiaMART has acquired a 26 per cent stake in IB MonotaRO Private Limited (IMPL), which operates the 'Industry Buying' brand, for Rs 104.2 crore. [...]
India’s overall ranking on IP protection improves: USCC report
Washington, Feb 24 (PTI) India has improved its overall IP score from 38.4 per cent to 38.6 per cent, and the country is ranked 43 out of 55 countries on the International Intellectual Property Index, according to an annual report compiled by the influential US Chambers of Commerce on Thursday. “India’s overall score has increased [...]
Murder count drops by 3% in 2021: Delhi Police
New Delhi, Feb 24 (PTI) The national capital saw a three per cent dip in the murder cases in 2021 with filing of 472 cases as compared to the previous year's 459, official data said on Friday. The police said 1,050 people were arrested in 2021 for murder and the number was 1,015 in 2020. [...]
Russia, Ukraine crisis might give India opportunity to export more wheat in global markets
New Delhi, Feb 24 (PTI) The Russia-Ukraine conflict would have nil or negligible impact on India's foreign trade, and the crisis may give domestic exporters an opportunity to ship more wheat in the global markets, sources said on Thursday. India's central pool stood at 24.2 million tonnes, twice more than the buffer and strategic needs, [...]
TCS elevates Suresh Muthuswami as North America chairman, rejigs several key posts
New Delhi, Feb 24 (PTI) Indian IT major Tata Consultancy Services (TCS) has elevated Suresh Muthuswami to the post of chairman for the North America business, which accounts for the biggest chunk of revenue for the company. He will take charge from TCS North America chairman Surya Kant, who will retire at the end of [...]
Micro ATM machines to be installed to facilitate rural residents in Haryana
Chandigarh, Feb 24 (PTI) Haryana Deputy Chief Minister Dushyant Chautala on Thursday said the state government will install 'Micro ATM' machines in about 9,500 depots of the state, so that people of rural areas can deposit and withdraw money. The deputy CM was presiding over the meeting with the officers of the food, civil supplies [...]
SECL coal dispatch at 139 million tonnes so far in FY22
Raipur, Feb 24 (PTI) South Eastern Coalfields Limited (SECL), a flagship arm of Coal India Ltd (CIL), has surpassed the last year's coal dispatch figure by transporting 139 million tonnes (MT) of the dry fuel so far in the current financial year. The largest coal-producing company had dispatched 138.8 MT in the last financial year [...]
Ukraine crisis: Housing prices may rise due to input cost pressures, says CREDAI
New Delhi, Feb 24 (PTI) Realtors' body CREDAI on Thursday said housing prices may increase in the coming months due to likely rise in rates of raw materials like cement amid the conflict between Russia and Ukraine. In a statement, CREDAI President Harshvardhan Patodia said: "Post the geo-political escalations, oil prices have surged, and stock [...]
Gadkari lays foundation stones of 11 NH projects worth Rs 5,722 cr in Madhya Pradesh
New Delhi, Feb 24 (PTI) Union Road Transport and Highways Minister Nitin Gadkari on Thursday laid foundation stones for 11 National Highways projects with total length of 534 kms worth Rs 5,722 crore in Madhya Pradesh, an official statement said. Speaking on the occasion, Gadkari said these projects will provide easy transport facility to pilgrims [...]
Support each other in manufacturing, promote local firms: Goyal to domestic businesses
New Delhi, Feb 24 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday called on domestic businesses to look at ways and means to support each other in manufacturing and promote local firms like companies do in South Korea and Japan. Suggesting three points, the minister said Korea and Japan do not import Indian steel [...]
Russia-Ukraine conflict: India Inc frets over spiking crude, input costs
New Delhi, Feb 24 (PTI) Industry leaders on Thursday said the Russia-Ukraine conflict may lead to a spurt in crude oil and commodity prices, which will raise their input costs and further stoke inflationary pressures. Biscuits and confectionery maker Parle Products said the geopolitical situation is going to have a huge effect on crude oil [...]
SteelMin to host 2-day conference in Odisha to improve Centre-state coordinations
New Delhi, Feb 24 (PTI) The steel ministry will host a two-day conference this week in Odisha, with an aim for better coordination between the Centre and state and to enable interaction on matters related to mining leases and green clearances of mining projects. Union Steel Minister Ram Chandra Prasad Singh will chair the 'Conference [...]
Russia-Ukraine crisis to impact India’s trade in that region as movement affected: Exporters
New Delhi, Feb 24 (PTI) The Russia-Ukraine military conflict may have an implication on the country's trade in that region as it would affect the movement of consignments, payments and oil prices, according to exporters. The Federation of Indian Export Organisations (FIEO) said they have asked exporters to hold their consignments to the region or [...]
Govt removes export curbs on Remdesivir, its APIs
New Delhi, Feb 24 (PTI) The government on Thursday removed export curbs on Remdesivir injection and its active pharmaceutical ingredients (APIs) amid declining COVID-19 cases in the country. The Centre has also removed similar curbs for exports of organic LEDs (Light Emitting Diodes) and liquid crystals. "The export policy of Injection Remdesivir and Remdesivir API, [...]
IFCI approves allotment of preferential shares to govt to raise Rs 100 cr
New Delhi, Feb 24 (PTI) Infrastructure term lender IFCI Ltd on Thursday approved allotment of preferential shares to the government in lieu of capital infusion of Rs 100 crore in the company. The decision was taken at extraordinary general meeting (EGM) of the shareholders of the company, IFCI said in a regulatory filing. The shareholders [...]
3D printing: Govt aims to add USD 3 bn to GDP in 3 years
New Delhi, Feb 24 (PTI) The government aims to capture five per cent of the global market share in additive manufacturing or 3D printing with expectations to add nearly USD 2-3 billion to the GDP in the next 2-3 years, Union Minister Ashwini Vaishnaw said Thursday. Under the National Strategy on Additive Manufacturing, the government [...]
Bangladesh lays stress on boosting connectivity with India: Hasan Mahmud
Guwahati, Feb 24 (PTI) Bangladesh is focusing on strengthening connectivity with India, especially Assam, through all modes in order to boost trade between the two nations, the neighbouring country's Information and Broadcasting Minister Hasan Mahmud said on Thursday.Addressing an Indian Chamber of Commerce (ICC) event here, he also deliberated on the similarities of food, attire, [...]
VIL, A5G Networks team up on industry 4.0, smart mobile edge network
New Delhi, Feb 24 (PTI) Vodafone Idea Ltd (VIL) on Thursday announced a collaboration with A5G Networks, with a view to spurring industry 4.0 and smart mobile edge computing in India. The two companies have jointly set up a pilot private network in Mumbai utilising existing 4G spectrum, according to a statement. "VIL's association with [...]
Govt officials in huddle to assess Ukraine impact on economy
New Delhi, Feb 24 (PTI) Government officials on Thursday went into a huddle to access the impact of Russian aggression in Ukraine on the Indian economy and began preparing contingency plans to combat a possible spike in inflation due to a rise in oil prices and the country's external trade being impacted. While there are [...]
Vedanta launches low-carbon green aluminium brand ‘Restora’
New Delhi, Feb 24 (PTI) Exhibiting a strong step towards its commitment of achieving net-zero carbon by 2050, Vedanta on Thursday said its aluminium vertical has launched its low-carbon green aluminium brand 'Restora'. The company unveiled two product lines, Restora (low-carbon aluminium) and Restora Ultra (ultra-low carbon aluminium), under the brand. "By 2050, Vedanta wants [...]
MMTC-PAMP aims at Rs 1,000-crore revenue from eastern region in 5 years
Kolkata, Feb 24 (PTI) MMTC-PAMP, a JV between state-owned MMTC Ltd and Switzerland-based bullion brand PAMP SA, on Thursday said it is aiming at a revenue of Rs 1,000 crore from the eastern region in the next five years.It forayed into the eastern market, launching the first store in Kolkata.“Over the next five years, the [...]
Marks & Spencer launches homeware collection in India
New Delhi, Feb 24 (PTI) British retailer Marks & Spencer on Thursday announced the launch of its homeware collection in India across its select stores and the website, apart from e-commerce channel partners AJIO and Myntra. The company is targeting urban consumers through its homeware collection, said Marks & Spencer Reliance India Managing Director James [...]
HUL splits position of Chairman and CEO & MD; appoints Paranjpe as Non-Executive Chairman
New Delhi, Feb 24 (PTI) Leading FMCG firm Hindustan Unilever Ltd (HUL) on Thursday announced the separation of the position of Chairman of the Board and the CEO & Managing Director, and has appointed Nitin Paranjpe as a Non-Executive Chairman of the company. Paranjpe, currently working as the Chief Operating Officer of Anglo-Dutch FMCG major [...]
NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant
New Delhi, Feb 24 (PTI) State-owned NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years. "NHPC Ltd has signed a facility agreement today i.e. February 24, 2022, (on Thursday) with HDFC Bank Ltd to securitise [...]
Russia-Ukraine crisis: India’s tea exports likely to be hit
Kolkata, Feb 24 (PTI) Tea planters and exporters are "extremely worried" over the possible impact on their shipments to Russia, the largest buyer of Indian tea, in the wake of the Russia-Ukraine crisis.Western sanctions and disruption of payments in dollars, as well as transhipments to Russia, are expected as a fall-out of Russia launching an [...]
Impossible to lock countries like Russia behind iron curtain: Kremlin
Moscow, Feb 24 (PTI) Countries like Russia cannot be "locked up" behind the iron curtain, the Russian Presidential Spokesman asserted on Thursday, as the US-led West threatened to impose more biting sanctions against Moscow after President Vladimir Putin ordered a military offensive against Ukraine.US President Joe Biden has condemned Russia for its "unprovoked" and "unjustified" attack [...]
CIL looking to offer over 100 closed, discontinued mines to private sector
New Delhi, Feb 24 (PTI) State-owned CIL is considering offering more than 100 closed, discontinued mines to the private sector on revenue sharing basis in due course of time, the coal ministry said on Thursday.The ministry is hopeful that the collaboration with the private sector will enhance productivity and lead to production of additional dry [...]
IndiGo partners with MakeMyTrip for holiday offerings
Mumbai, Feb 24 (PTI) Budget carrier IndiGo on Wednesday said it has partnered with online travel services firm MakeMyTrip for its holiday offerings for both domestic and international travellers. Under the collaboration, IndiGo passengers will be offered a wide choice of airline and hotel packages to various segments of travellers ranging from leisure, pilgrimage, adventure [...]
JPC recommendations fundamentally alter Personal Data Protection Bill structure: IAMAI
New Delhi, Feb 24 (PTI) The recommendations of the joint committee on personal data protection have fundamentally altered the structure of the Personal Data Protection Bill to a generic Data Protection Bill, industry body IAMAI said on Thursday. The Internet and Mobile Association of India (IAMAI) said the recent Joint Parliamentary Committee's (JPC) report on [...]
Northern Arc buys micro finance firm Smile
Mumbai, Feb 24 (PTI) Financial services player Northern Arc group on Thursday said it has acquired Smile Microfinance through slump sale. The deal value has not been disclosed. The transaction involves taking over the microfinance portfolio of Smile along with its 150 branches catering to over 2 lakh customers served by around 850 employees. The [...]
CCI approves Kirloskar Ferrous Industries’ stake buy in ISMT Ltd
New Delhi, Feb 24 (PTI) The Competition Commission of India (CCI) on Thursday approved acquisition of stake in ISMT Ltd by Kirloskar Ferrous Industries Ltd. Through the proposed combination, Kirloskar Ferrous proposes to acquire sole control of ISMT pursuant to subscription of "a preferential allotment and an open offer to acquire up to 25.05 per [...]
Wipro announces over 500 technology jobs in Brazil
New Delhi, Feb 24 (PTI) IT major Wipro Ltd on Thursday announced over 500 technology jobs in Brazil in the next fiscal year, to support growth in delivering cloud solutions to clients.The company will be hiring throughout Brazil, for a slew of roles ranging from IT and engineering to consulting, business development and operations.Announcing its [...]
Quad committed to promoting free, open, rules-based order; US funding USD500 million for solar panel manufacturing in India
Washington, Feb 24 (PTI) The Quad leaders have renewed their commitment to promote a free, open, rules-based order in the Indo-Pacific region, the White House said on Thursday, while emphasising that the US is funding USD 500 million to help American companies manufacture solar panels in India. In November 2017, the US, Australia, India and [...]
Two-wheeler sales volume to fall for third straight fiscal year: Crisil
New Delhi, Feb 24 (PTI) Two-wheeler sales volume is expected to dip by 8-10 per cent this fiscal year due to factors like sluggish rural demand, low festive-season sales, higher prices, and deferred purchases as consumers eye electric vehicles, Crisil Ratings said on Thursday. The decline in sales volume in the current financial year is [...]
Sebi gives more time to comply with rules on client-level segregation, monitoring of collaterals
New Delhi, Feb 24 (PTI) Capital markets regulator Sebi on Thursday deferred implementation of the new regulations on client-level segregation and monitoring of collaterals till May 2. This is the second time the regulator has extended the deadline to comply with the rule. Initially, the regulator had given time till December 1, 2021, which was extended [...]
Huge market available for surety bonds in India; cos need to come out with products: NHAI member
New Delhi, Feb 24 (PTI) National Highways Authority of India (NHAI) member Manoj Kumar on Thursday said a huge market is available for surety bonds in the country and now, the onus is on the insurance fraternity to come out with products quickly. Addressing an event organised by industry body Assocham, Kumar further said the [...]
India pays Cairn Rs 7,900 cr to settle retro tax dispute
The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net [...]
Indo-UAE CEPA to come into effect in one month : envoy
Kolkata, Feb 24 (PTI) The proposed Comprehensive Economic Partnership Agreement (CEPA) between India and UAE will come into effect in one month, an envoy of the Emirates said on Thursday. Ambassador extraordinary and plenipotentiary of the UAE embassy in India, Ahmed Abdul Rahman Albana said at a session organised by Merchant Chamber of Commerce that [...]
Tata AIA Life Q3 Results: Premium grew 44% to Rs 1,193 cr
Tata AIA Life Insurance Co Ltd on Thursday said its individual weighted new business premium (IWNBP) jumped about 44 per cent to Rs 1,193 crore during the third quarter of fiscal 2021-22. The private life insurer had stood at Rs 831 crore in the year-ago period. For the nine-month period ended December 2021, it registered [...]
Stocks slump, rupee slides, gold turns costlier as Russia-Ukraine conflict shells markets
New Delhi, Feb 24 (PTI) Markets were awash in red and the Indian currency plummeted against the dollar on Thursday amid Russia's attack on Ukraine pushing investors to seek refuge in safe-haven assets. Gold as well as crude oil prices surged, with the latter even crossing the USD 105 per barrel mark. Markets in Asia [...]
Vedanta launches low-carbon green aluminium brand ‘Restora’
New Delhi, Feb 24 (PTI) Exhibiting a strong step towards its commitment of achieving net-zero carbon by 2050, Vedanta on Thursday said its aluminium vertical has launched its low-carbon, green aluminium brand 'Restora'. The company unveiled two product lines, Restora (low-carbon aluminium) and Restora Ultra (ultra-low carbon aluminium), under the brand. "By 2050, Vedanta wants [...]
Govt taking steps to boost oilseeds production; promote Indian millets globally: Goyal
New Delhi, Feb 24 (PTI) Food and Consumer Affairs Minister Piyush Goyal on Thursday said nearly 4 lakh hectare area of rice fallow will be used for oilseeds cultivation in 100 districts of 10 states as part of the government's efforts to boost domestic output and reduce imports of edible oils. The minister was addressing [...]
Pinnacle Industries launches co for electric vehicles
Mumbai, Feb 24 (PTI) Pinnacle Industries on Wednesday announced the launch of an electric vehicle and technology company that will soon roll out electric buses and vehicles for last-mile delivery. The new firm EKA will design, manufacture, and supply a complete range of EVs (Electric Vehicles), fuel cell and alternative fuel vehicles. Pinnacle Industries is [...]
Impossible to lock countries like Russia behind iron curtain: Kremlin
Moscow, Feb 24 (PTI) Countries like Russia cannot be "locked up" behind the iron curtain, the Russian Presidential Spokesman asserted on Thursday, as the US-led West threatened to impose more biting sanctions against Moscow after President Vladimir Putin ordered a military offensive against Ukraine.US President Joe Biden has condemned Russia for its "unprovoked" and "unjustified" attack [...]
Rupee plummets 99 paise to 75.60/USD amid Ukraine crisis
Mumbai, Feb 24 (PTI) The rupee tanked 99 paise to close at 75.60 against the US dollar on Thursday as riskier assets took a hit after Russia launched military operations against Ukraine. Forex traders said sustained foreign fund outflows, heavy selling in domestic equities and elevated crude oil prices weighed on investor sentiment. At the [...]
Technicolor Creative Studios Co-powers VFX and More Summit to Empower India’s Animation and VFX Industry
Mumbai, Maharashtra, India (NewsVoir) Technicolor Creative Studios (TCS), a pioneer in India’s animation and VFX sector is bringing its expertise and thought leadership to the prestigious VFX and More (VAM) Summit 2022. The summit, which takes place 23 - 26 February 2022, aims to reflect on the emerging technologies, developments, and policies driving the global [...]
Sebi notifies amendment to depositories, participants norms
New Delhi, Feb 24 (PTI) Markets regulator Sebi has notified amendments to the depositories and participants norms, hiking the net worth requirement for trading members. As per the revised norms, stock brokers are required to have a net worth of Rs 3 crore, within one year of the date of notification, according to the notification [...]
Russia, Ukraine crisis might give India opportunity to export more wheat
New Delhi, Feb 24 (PTI) The Russia-Ukraine crisis might give India an opportunity to export more wheat in the global markets and domestic exporters should tap this opportunity, sources said on Thursday. India's central pool stood at 24.2 million tonnes, twice more than the buffer and strategic needs, they said. More than a quarter of [...]
MUMMBAI, FEB 24
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 66501.00 68149.00 STANDARD GOLD (99.5) : 51213.00 52330.00 PURE GOLD (99.9) : 51419.00 52540.00 -------------- PTI MUM SVC SVC SVC
Aqar Chain Launches NFT Marketplace for it’s MetaVerse AqarLand
Mumbai, Maharashtra, India (NewsVoir) Aqarchain.io a blockchain powered real estate asset tokenization platform, today launched the NFT Marketplace for its MetaVerseAqarLand. Aqarchain.io whose aim is to create a decentralized ecosystem where investment in real estate is as easy as investing in shares on the stock market. This aim is achieved by minting real estate NFT [...]
India refunds Rs 7,900 cr to Cairn to settle retro tax dispute
New Delhi, Feb 24 (PTI) The Indian government has refunded Rs 7,900 crore to Britain's Cairn Energy Plc to a dispute over levy of retrospective taxes. Cairn, which is now known as Capricorn Energy Plc, in a statement said the tax refund has been paid and "net proceeds of USD 1.06 billion have been received." [...]
Yamaha’s shared mobility firm launches operations in India, makes investment in Royal Brothers
Mumbai, Feb 24 (PTI) Yamaha Motor Company on Wednesday said its shared mobility firm Moto Business Service India (MBSI) has launched its operations in India with an investment in bike rental company Royal Brothers. Yamaha Motor recently announced its entry into two-wheeler asset management services through the launch of MBSI to provide its services for [...]
NEWSALERT
Indian govt refunds Rs 7,900 cr to Cairn Energy Plc of UK to settle retrospective tax dispute: Company statement. PTI ANZ ABM ABM
Hafele Introduces New Premium Mixer Grinder Models to its Countertop Range of Appliances
Bangalore, Karnataka, India (NewsVoir) • Ergonomically designed large control knob and dedicated One Touch tactile buttons for Pulse Function For generations, the Indian kitchen has never been complete without the quintessential Mixer-Grinder. For many, the delectable pastes, curries and chutneys made in the mixer-grinders are a part of the ‘secret recipes’ passed down for generations, [...]
Tata AIA Life continues to deliver strong business performance in Q3 FY22
Key highlights: • The Company registered Individual Weighted New Business Premium (IWNBP) of INR 1,193 Cr. in Q3 FY22, a growth of 44% over Q3 FY21 • For the first nine months of FY22, IWNBP increased by 32% to Rs. 2,786 Cr • For the same period, Retail Protection Premium grew by 89%. • Retail [...]
Market mayhem wipes off over Rs 13.44 lakh cr investor wealth
Investor wealth worth over Rs 13.44 lakh crore was wiped off on Thursday as the domestic equity markets tumbled along with global risk assets, after Russia launched military operations against Ukraine. Amid intensifying rout in the global financial markets, the 30-share BSE Sensex plummeted 2,702.15 points or 4.72 per cent to end at 54,529.91. The [...]
NSE Academy inks pact with IIM, Raipur for collaboration as knowledge partner
New Delhi, Feb 24 (PTI) NSE Academy, a wholly-owned subsidiary of the National Stock Exchange (NSE), on Thursday said it has joined hands with Indian Institute of Management, Raipur to collaborate in the area of joint certification programmes in finance and financial technologies. Under this collaboration, both the institutions will offer market defining, several long [...]
Cadila Healthcare to be known as Zydus Lifesciences
New Delhi, Feb 24 (PTI) The Zydus group on Thursday said its listed entity Cadila Healthcare would now be known as Zydus Lifesciences Ltd as part of new brand identity. The Ahmedabad-based group is present in 55 countries, with 36 manufacturing plants, 8 R&D centres, 1,400 research scientists and 23,000 employees worldwide. "Our new brand identity [...]
The Asia Group Launches Asia Expansion Initiative
WASHINGTON, Feb. 24, 2022 /PRNewswire/ -- The Asia Group ("TAG") is pleased to announce the launch of a sustained initiative to invest and expand its presence in key markets across the Indo-Pacific. As companies focus on Asia for growth, TAG is bullish on the region's long-term dynamism and is committed to enhancing its capacity to [...]
Market crash: 97 stocks on BSE 500 index hit their 52-week lows
New Delhi, Feb 24 (PTI) The market mayhem on Thursday pulled down as many as 97 stocks from the BSE 500 index to their 52-week low levels as investors pressed the panic button after Russia launched a military offensive against Ukraine. Overall, the market crash has pulled down nearly 279 stocks to their respective one-year [...]
St Kitts and Nevis is Improving its Education Sector and Wealthy Indian Parents are Noticing
New Delhi, Delhi, India (NewsVoir) The Ministry of Education of the Federation of St Kitts and Nevis says it is putting a lot of effort into the critical activities specified in the Education Section Plan for 2020-2021. Dr. Tricia Esdaille, Senior Assistant Secretary in the Ministry of Education, stated that the ministry is working on [...]
Godrej Appliances eyes 10 pc market share in AC segment in 2022
New Delhi, Feb 24 (PTI) Godrej Appliances aims to double its sales growth in the residential air condition segment this summer and increase the market share despite a recent price hike and inflationary pressure on inputs, said a top company official. It has however hinted at another price hike by the AC industry in April [...]
NSE & BSE to roll out T+1 settlement cycle from Friday
Stock exchanges BSE and NSE will roll out shorter settlement cycle or T+1 regime from Friday, a move that will help reduce margin requirement for clients and boost retail investment in equity markets. T+1 (trade plus one) means that market trade-related settlements will need to be cleared within one day of the actual transactions taking [...]
HUL appoints Nitin Paranjpe as Non-Executive Chairman; Sanjiv Mehta to continue as MD & CEO
New Delhi, Feb 24 (PTI) FMCG major Hindustan Unilever Ltd on Thursday announced appointment of Nitin Paranjpe as the company's Non-Executive Chairman with effect from March 31, 2022. The company is separating the position of the Chairman of the Board and CEO & MD, according to a statement. Sanjiv Mehta will continue as the MD [...]
Mom’s Belief comes up with insurance policy for children with special needs
New Delhi, Feb 24 (PTI) Mom's Belief, a mental wellness and health company for kids, has come up with a specified health insurance product for children with special needs who are suffering from autism, Down's syndrome and learning disability, among others. Mom's Belief Care-Aadvik child insurance plan, which has been launched in association with Care [...]
Hydel Consultants-Creduce bags bid for hydropower carbon credits project from SJVN
New Delhi, Feb 24 (PTI) The Hydel Consultants-Creduce joint venture has bagged a bid for a hydropower carbon credits project from state-owned SJVN Ltd. The joint venture announced winning the bid for India's single-largest hydropower carbon credits project with SJVN Ltd, according to a statement. The project activity will result in the creation of over [...]
Sensex tanks over 2,700 pts amid global meltdown as Russia invades Ukraine; investors lose Rs 13 lakh cr
Mumbai, Feb 24 (PTI) The Sensex crashed over 2,700 points on Thursday -- its biggest single-day plunge in about two years -- in lockstep with a severe sell-off in global markets after Russia launched a full-scale invasion of Ukraine, plunging Europe into its biggest crisis since the Second World War. The 30-share BSE gauge plummeted [...]
Ergo Group to hire 400 software professionals at its Mumbai tech hub
Mumbai, Feb 24 (PTI) Ergo Technology & Services Management, the technology arm of the German insurance giant Ergo Group AG, on Thursday announced opening of its tech centre in the city that will employ 400 software professionals in the first year of operations. Ergo Group and HDFC has been operating HDFC Ergo General Insurance venture since 2008. The centre is the third for the company [...]
Russia-Ukraine crisis to have impact on trade: Exporters
New Delhi, Feb 24 (PTI) The Russia-Ukraine military conflict will have an implication on the country's trade as it would affect movement of consignments, payments and oil prices, according to exporters. The Federation of Indian Export Organisations (FIEO) said they have asked exporters to hold their consignments to the region or goods that take the [...]
Antariksh Group Honoured by the Governor Of Maharashtra
February 24: Your positive actions combined with positive thinking result in success; and when success is recognized and celebrated there is no better feeling. Antariksh Group has beaten the pandemic and is all set to take over the sky (antariksh) under the able guidance of their two directors, CA L. V. Rathi and Bhagwanji N [...]
PM asks pvt industry to cut edible oil imports, provide offtake assurance to farmers for produce
New Delhi, Feb 24 (PTI) Prime Minister Narendra Modi on Thursday nudged private corporates to shun imports and buy oilseeds produced locally by providing offtake assurance to farmers, creating a win-win situation for both. India, he said, is looking to jack up edible oil production by about 50 per cent in the next 3-4 years. [...]
STL set to unveil All-in 5G offerings at MWC 2022
MUMBAI, India, Feb. 24, 2022 /PRNewswire/ -- STL [NSE: STLTECH], an industry-leading integrator of digital networks, will be demonstrating its vision for a new era of 5G-powered networks at Mobile World Congress 2022 in Barcelona next week. STL is showcasing its range of solutions that will be based on secure, open interfaces, with the ability [...]
Gold soars Rs 1,656, silver surges Rs 2,350 amid Russia-Ukraine conflict
Gold prices in the national capital rallied by Rs 1,656 to Rs 51,627 per 10 grams on Thursday on the back of safe-haven buying and sharp depreciation of rupee amid the Russia-Ukraine conflict, according to HDFC Securities. The yellow metal had closed at Rs 49,971 per 10 grams in the previous trade. Silver prices also [...]
Doctor-duo Led Health-tech Firm Quantum CorpHealthPvt. Ltd. Opens 3 New Offices Across India
Mumbai, Maharashtra, India (NewsVoir) • Opens offices in Bengaluru, Pune and Hyderabad • Plans to further expand and open 7 more new offices to cover all metros • Offices to strengthen company’s healthcare and wellness service offerings for corporate employees Quantum CorpHealthPvt. Ltd. (Quantum), a pioneer and India’s leading provider of healthcare and wellness solutions [...]
Sitharaman to meet PM to discuss Russia-Ukraine conflict situation
Finance Minister Nirmala Sitharaman on Thursday said she will be meeting Prime Minister Narendra Modi to discuss the situation arising out of the Russia-Ukraine conflict. Markets have been rattled by Russia's attack on the Eastern European country. When asked whether there will be a meeting with the Prime Minster on the Russia-Ukraine issue, Sitharaman said, [...]
Sodexo prepares Premier Education Institutes across 15 States and 20 Cities for Safe Return of Students on Campus
Mumbai, Maharashtra, India (NewsVoir) With the third wave of the COVID-19 pandemic finally showing signs of abating in India, students across the country are all set to resume full-time offline classes. After nearly two years of online education, almost everyone - from students to teachers and parents will be welcoming this return to campus - [...]
Mom’s Belief comes up with insurance policy for children with special needs
New Delhi, Feb 24 (PTI) Mom's Belief, a mental wellness and health company for kids, has come up with a specified health insurance product for children with special needs who are suffering from autism, Down's syndrome and learning disability, among others. Mom's Belief Care-Aadvik child insurance plan, which has been launched in association with care [...]
MINI Celebrates 10 Years in India with the Launch of the First All-Electric Car in the Compact Premium Segment
Gurugram, Haryana, India – Business Wire India • Charged with Passion.• MINI 3-Door Cooper SE - Pulsating Performance, Iconic Design, A Silent Revolution.• Early deliveries for pre-launch booking customers starting March 2022.• Best charging infrastructure in the premium segment with fast chargers at BMW Group Dealer network in more than 30 cities across India. The [...]
Oil at $103: No fears of supply disruption to India, prices a concern
International oil prices surged to over a seven-year high of USD 103 a barrel on Thursday after Russia attacked Ukraine, but supply lines to India remain unaffected, a top government official said exuding confidence of uninterrupted fuel supplies even if the conflict escalated. For consumers, the spike in global oil prices will not have any [...]
MUMBAI, FEB 24
(PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 755.00 COPPER HEAVY SCRAPS 745.00 COPPER ARMATURE (CREDIT) 728.00 COPPER UTENSILS SCRAP 650.00 CC ROD 804.00 BRASS :- BRASS SHEET CUTTING 550.00 BRASS UTENSIL SCRAP 498.00 BRASS HONEY 487.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 197.00 ALUMINIUM EXTRUSION SCRAP 229.00 ALUMINIUM INGOTS 279.00 OTHER : [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, FEB 24 (PTI) OILS (per 10 Kgs) G.Nut Raw 1500.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1450.00 Sunflower Exp.Ref. 1510.00 Cottonseed(Refined) 1490.00 Refined Palm Oil 1400.00 Soyabean Ref. 1480.00 Imp.Soyabean Crude - Rapeseed Ref. 1540.00 Rapeseed Exp. 1510.00 Copra white 1520.00 Rice Bran 4-7% FFA - Rice Bran 1300.00 Linseed 1950.00 Castor [...]
Mahindra Finance looking to increase branches of Sri Lankan subsidiary to around 100
Mumbai, Feb 24 (PTI) Mahindra & Mahindra Financial Services Limited (Mahindra Finance) on Thursday said it is planning to increase the number of branches of its Sri Lankan subsidiary Mahindra Ideal Finance Ltd (MIFL) to around 100 over the next three years from 17 at present. In July 2021, Mahindra Finance had increased its stake [...]
Bharat Forge to acquire JS Auto
New Delhi, Feb 24 (PTI) Auto component major Bharat Forge on Thursday said it will acquire JS Autocast Foundry India. The company, along with its subsidiary, BF Industrial Solutions, has entered into a definitive agreement to acquire JS Autocast Foundry India (JS Auto), the company said in a statement. Established in 2004, JS Auto is [...]
Euler Motors lines up Rs 200-cr capex to enhance production
New Delhi, Feb 24 (PTI) Electric three-wheeler start-up Euler Motors on Thursday said it plans to invest Rs 200 crore in the next 12 months to ramp up its production capacity. The Delhi-based company plans to increase its production capacity to 3,000 vehicles units per month by mid-2022. The company currently operates out of its [...]
Hero Electric partners with IDFC FIRST Bank for vehicle finance
New Delhi, Feb 24 (PTI) Hero Electric on Thursday said it has joined hands with IDFC FIRST Bank for vehicle finance. The collaboration allows Hero Electric customers to avail an instant loan on KYC with low processing fees and down payment. "This partnership with IDFC FIRST Bank will further our penetration to newer markets to [...]
Huge market available for surety bonds in India: NHAI member
New Delhi, Feb 24 (PTI) National Highways Authority of India (NHAI) member Manoj Kumar on Thursday said a huge market is available for surety bonds in the country and now, the onus is on the insurance fraternity to come out with products quickly. Addressing an event organised by industry body Assocham, Kumar further said the [...]
BMW drives in all-electric MINI Cooper SE at Rs 47.2 lakh
New Delhi, Feb 24 (PTI) German Luxury carmaker BMW on Thursday said it has launched the all-electric MINI 3-Door Cooper SE in India priced at Rs 47.2 lakh (ex-showroom). Available as a completely built-up unit (CBU), all units of the first lot were sold out during the pre-launch booking in Q4 2021. MINI India will [...]
Standard Chartered, IATA tie up to launch payment platform for Indian airline industry
Mumbai, Feb 24 (PTI) Global banking group Standard Chartered on Thursday said it has partnered with the International Air Transport Association (IATA) to launch a payment platform for airline industry in India. In addition to existing payment options such as credit cards, IATA Pay will be a new payment option that enables participating airlines to [...]
Russia-Ukraine crisis: Indian pharma exporters in wait and watch mode
Amid the military offensive by Russia against Ukraine, Indian pharma exporters are in wait and watch mode on dispatching fresh orders to them and some of the CIS countries, industry sources said on Thursday. India exported over USD 181 million worth of pharmaceutical goods to Ukraine in FY 21, nearly 44 per cent growth over [...]
Pralhad Joshi urges CIL to achieve production targets for current, next fiscal years
New Delhi, Feb 24 (PTI) Coal Minister Pralhad Joshi has urged state-owned Coal India Ltd (CIL) to achieve production targets for the current as well as next financial year. Joshi said that together with introduction of latest IT-enabled technologies and overall approach towards implementing the same in a sustained and efficient manner is the key [...]
4 quality stocks that are at their 52-week lows for long term investment
Benchmark indices are under continued selling pressure. There is a huge sell-off in shareholdings by foreign investors. Even Bluechip stocks are under selling pressure. Here are 4 quality stocks that are near their 52-week lows this week. 1. Dr Reddy's Laboratories Ltd Dr Reddy’s Laboratories’ shares are trading at ₹4082.20 apiece. Its 52-week low price [...]
Moody’s ups India’s growth forecast to 9.5% for 2022; flags high oil prices, supply distortions
New Delhi, Feb 24 (PTI) Moody's Investors Service on Thursday raised India's growth forecast to 9.5 per cent for the calendar year 2022 and to 8.4 per cent for the coming fiscal beginning April 1, even as it flagged high oil prices and supply distortions as a drag on growth. Stating that the economic recovery [...]
IDBI Bank board approves appointment of TN Manoharan as additional director
New Delhi, Feb 24 (PTI) IDBI Bank on Thursday said its board has approved appointment of T N Manoharan as additional director with immediate effect. Manoharan is not related to any other director on the board and the KMP (key management personnel) of the bank, the lender said in a BSE filing. "The board of [...]
Crude oil futures rise on spot demand
New Delhi, Feb 24 (PTI) Crude oil prices rose Rs 473 to Rs 7,352 per barrel on Thursday, as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the March delivery traded higher by Rs 473, or 6.88 per cent, at Rs 7,352 per barrel in 9,472 [...]
Guar seed futures decline on low demand
New Delhi, Feb 24 (PTI) Guar seed prices on Thursday went down by Rs 185 to Rs 5,838 per 10 quintals in the futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for the March delivery was trading at Rs 5,838 per 10 quintals, down by Rs 185 or 2.92 per cent [...]
No Apology Introduces World-class Range of Coconut Milk Shampoo, Conditioner and Hair Mask First Time in India
No Apology has launched Coconut Milk Shampoo & Conditioner with Pea Protein & Wheat Protein and Coconut Milk Hair Mask with Soy Protein, Wheat Protein & Corn Protein that boosts the hydration of each strand, adding volume, lustre and fullness to the hair New Delhi, Delhi, India (NewsVoir) “No Apology” a flagship brand of ‘NIAM [...]
Jeep to drive in authentic premium SUVs in India, stay away from entry-level products
New Delhi, Feb 24 (PTI) US automaker Jeep plans to drive in premium products like Grand Cherokee and Meridian into the Indian market this year, while staying away from entry and mid-size SUV segments for the time being, as per a top company official. The brand, which is part of the Stellantis group, is also [...]
Guar gum futures fall on low demand
New Delhi, Feb 24 (PTI) Guar gum prices on Thursday fell Rs 575 to Rs 10,663 per five quintals in the futures market, as traders offloaded their holdings in line with weak trend at the spot market. On the National Commodity and Derivatives Exchange, guar gum for the March delivery fell Rs 575 or 5.26 [...]
Online rakhi gift store Rakhi.com begins operations in India
Mumbai, 24th February 2022: Rakhi.com, an Australia-headquartered onlinerakhi gift store founded by Rakesh Prajapati, has recently launched operations in India. The online store was initially launched in 2012. The rakhi gift store also operates in such countries as the UAE, Canada, US, UK and New Zealand. Rakhi.com’s USP is that it has warehouses in all [...]
Raise your Comfort with Centuary Mattress: Save up to Rs. 3,000 on the Bajaj Finserv EMI Store
Purchase a Centuary mattress with No Cost EMI and get it home delivered for free Pune, Maharashtra, India (NewsVoir) A quality mattress can improve your sleep in the best ways possible. If you are planning to buy a new mattress for your home, a Centuary mattress can be an excellent choice. These are available at [...]
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