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How are Ratan Tata stocks performing today?
Following the recent passing of Ratan Naval Tata, the esteemed chairman emeritus of the Tata Group, the stock performance of Tata Group companies has become a focal point in the market. Investors are closely monitoring these stocks as they assess the potential impact of this leadership change on the group's diverse business operations, which span [...]
Stocks to Buy: 5 Stocks to buy for next 10 years
The Indian government has set a roadmap to move the economy towards a $5 trillion milestone through a multifaceted approach. Key initiatives include promoting a digital economy, advancing technology-driven development, facilitating the transition to sustainable energy, and implementing climate action plans. Additionally, Goldman Sachs has issued a ‘buy’ rating on several stocks that it believes [...]
Water management stock jumps 5% after receiving ₹500 Cr work order from Reliance
Water Management Stock engaged in providing end-to-end solutions for water management, treatment, and many more across various business models jumped upto 5 percent in the day’s trade upon receiving repeat work orders from Reliance Industries Limited. Price Action With a market capitalization of Rs. 9,322 Crores, the shares of Va Tech Wabag Limited were trading [...]
Growth stocks with low PE and low debt to add keep an eye on
Emerging growth stocks with low debt and low price-to-earnings (P/E) ratios offer investors a compelling opportunity for capital appreciation while minimizing financial risk. These companies typically exhibit strong fundamentals, making them attractive options for those seeking sustainable growth. Here are a few such growth stocks with low debt and trading at a P/E ratio below [...]
4 Stocks in which FIIs increased their stake by 4.94% in Q2 to keep in your radar
Foreign Institutional Investors (FIIs) are significant players in global financial markets, comprising various entities such as mutual funds, pension funds, and hedge funds, among others. They invest substantial capital across international borders, influencing the market dynamics, liquidity, and investment trends, thus playing a crucial role in shaping global investment landscapes and economic development. Here are [...]
Cable stock hits 5% upper circuit after receiving orders worth ₹109.4 Cr from Swastika Infra
The shares of a small-cap cable company hit a 5% upper circuit after receiving an order from Swastika Infra Private Limited, for the supply of power cables valued at Rs. 109.4 crores. Share price variations: With a market capitalization of Rs. 7,205.54 crores, Diamond Power Infrastructure Limited touched its 5% upper circuit at Rs. 1,367.35 [...]
Stock hits 5% upper circuit after receiving construction order worth ₹11 Cr for World Park
Shares of this infrastructure company engaged in theme park development and waste management reached the 5 percent upper price band on Wednesday after securing a Rs.11.09 crore order for construction of a theme park entitled as ‘World Park’ from Pimpri Chinchwad Municipal Corporation. Price Movement In Wednesday's trading session, Z-Tech (India) Limited's share price hit [...]
Top stocks to buy after Sensex falls 4.8% in the last 10 Days
After a notable 4.8 percent decline in the Sensex over the past ten days, investors are seeking opportunities to capitalise on potential recoveries. This market dip presents a strategic moment to identify undervalued stocks that may rebound as investor sentiment improves. Here are some top stocks to consider buying in the wake of this recent [...]
Largecap stock to buy now for an upside of 15%; Are you holding it?
Shares of this Large-cap NBFC jumped to an intraday high of 4.89% after it was issued a BUY rating with a 15% Upside as higher Assets under management (AUM) growth is expected, as there is a great opportunity for higher growth. Stock Action: Shares of HDFC Asset Management Company Ltd, with a market capitalization of [...]
Different businesses of Century Textiles and Industries with their revenue split
According to the business standard, India's paper and paper products industry is experiencing rapid growth, projected to reach USD 9.25 billion by 2024 and USD 11.91 billion by 2030, with a CAGR of 4.37%2. The domestic market consumes approximately 22 million tonnes annually, making India the fastest-growing paper market globally, with an annual growth rate [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
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 [...]
Latest Market News
Curefoods acquires franchise rights for US-based pizza chain Sbarro
Mumbai, Feb 24 (PTI) Curefoods, a cloud kitchen company that houses brands like EatFit, CakeZone and Great Indian Khichdi, on Thursday announced acquisition of the South India franchise rights for US-based pizza chain Sbarro. Sbarro is a global pizza brand that specialises in New York-style pizzas and is currently present in 630 locations across 28 [...]
Stocks slump, rupee slides, gold turns expensive as Russia-Ukraine conflict shells markets
New Delhi, Feb 24 (PTI) Markets were awash in red and the Indian currency slumped 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 103 per barrel mark. The domestic stock [...]
How women are leading the charge in emerging tech
Global software and technology consultancy Thoughtworks has always been a leader in bridging the gender divide. Its efforts have been recognized by multiple awards and certifications. Here is a closer look at how Thoughtworks’ women engineers and data scientists are leading the charge in emerging technology. Data and AI: Data is emerging as a core [...]
THE GRAVEL MOVEMENT : Firefox Bikes strengthens its product portfolio; launches Gravel range with Pirate 3.0 and Pirate 4.0
NEW DELHI, Feb. 24, 2022 /PRNewswire/ -- The most alluring part of cycling is the yearning for discovery. Discovering new places, pushing ones limits, and exceeding them. Adventure-ready features like disc brakes, wider clearance and grip, and out-front steering geometry let these bikes adapt to everything from rugged terrain to winter exploration. Upright enough for [...]
Niyo raises USD 100 mn in funding led by Accel, Lightrock
New Delhi, Feb 24 (PTI) Niyo, the consumer neo-banking platform, on Thursday said it has raised USD 100 million (about Rs 750 crore) from a group of private equity firms led by Accel and Lightrock India. The company will use the funds to accelerate its mission to transform banking in India, and to provide convenient [...]
Mirae Asset Mutual Fund launches Mirae Asset Nifty Midcap 150 ETF (‘Scheme’)
(An open-ended scheme replicating/tracking Nifty Midcap 150 Total Return Index) MUMBAI, India, Feb. 24, 2022 /PRNewswire/ -- Mirae Asset Mutual Fund, is one of the fastest growing fund houses in India. Today, the fund house has announced the launch of 'Mirae Asset Nifty Midcap 150 ETF', an open-ended scheme replicating/tracking Nifty Midcap 150 Total Return [...]
MUMBAI, FEB 24 (PTI)
OPENING RATES SILVER SPOT (IN RS PER KILO): 66501.00 STANDARD GOLD (99.5) : 51213.00 PURE GOLD (99.9) : 51419.00 ------- CALCUTTA BULLION :- N/A.----------- PTI MUM SVC SVC SVC
SBI-DIRECT EXCHANGE RATES
MUMBAI, FEB 24 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE ) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 74.39 75.89 74.33 76.05 EUR/INR 82.94 85.77 82.88 85.94 GBP/INR 99.83 103.03 99.75 103.24 JPY/INR 64.47 66.67 64.42 [...]
Chennai Based Food Startup BVK Biryani Launches 99-Minute Delivery in Re-usable Tin Containers
Chennai, Tamil Nadu, India (NewsVoir) • BVK's authentic Muslim Wedding style Biryani, now with guaranteed 99-minute home delivery across Chennai For foodies across the city Bai VeetuKalyanam (BVK) is the answer to their biryani cravings. The two-year-old biryani-centric food startup, is raising the bar on preparing and serving freshly made biryani not only by ensuring [...]
MUMBAI, FEB 24 (PTI) Money Market Operations as on FEB 23 2021
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 532,303.50 3.37 2.01-5.35 I. Call Money 7,564.25 3.29 2.20-3.55 II. Triparty Repo 409,378.90 3.36 3.20-3.47 III. Market Repo 115,135.35 3.40 2.01-3.50 IV. Repo in Corporate Bond 225.00 3.75 3.55-5.35 B. Term Segment I. Notice Money** [...]
IKEA India appoints Susanne Pulverer as its first woman CEO, CSO
Mumbai, Feb 24 (PTI) Swedish home furnishings retailer IKEA (part of Ingka Group) on Thursday announced the appointment of Susanne Pulverer as its new and first woman Chief Executive Officer and Chief Sustainability Officer, for its India business. Pulverer, an experienced IKEA leader, takes over from the outgoing India CEO Peter Betzel, who will move [...]
Uncertainties remain around India’s medium-term debt trajectory: Fitch
New Delhi, Feb 24 (PTI) Fitch Ratings on Thursday said India's economy is rapidly recovering from the pandemic but uncertainties remain around its medium-term debt trajectory. In its report 'What Investors Want to Know: Indian Sovereign and Financial Institutions in 2022', it said financial institutions face an uneven recovery due to lingering asset-quality risks and [...]
Stocks slump, rupee slides, gold glitters as Russia-Ukraine conflict shells markets
New Delhi, Feb 24 (PTI) Markets were awash in red and the Indian currency slumped 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 102 per barrel mark. Domestic stock market [...]
ITL launches YM3 series of tractors under Solis Yamnar brand
Mumbai, Feb 24 (PTI) International Tractors Ltd (ITL) on Thursday announced the launch of its YM3 series of tractors under the Solis Yamnar brand with two models -- YM 342A and YM 348A, in the domestic market. The new YM3 series is fully tailored as per Indian farmer requirements and is designed for the local [...]
Govt expects to complete evaluation, sign pacts with cos in 8-10 months under semiconductor scheme: Vaishnaw
New Delhi, Feb 24 (PTI) The government will undertake a detailed evaluation of applications it has received in response to the mega semiconductor scheme and expects to complete the entire process and sign agreements with companies in the next 8-10 months, according to Union Minister for Electronics and IT Ashwini Vaishnaw. Vaishnaw said he is [...]
NEWSALERT
Confident of seeing participation of one of big global names in next round of semiconductor scheme: Ashwini Vaishnaw. PTI MBI RAM
Airtel acquires strategic stake in blockchain technology startup Aqilliz
Telecom major Bharti Airtel on Thursday announced that it has acquired a strategic stake in Aqilliz, a 'Blockchain as a Service Company'. Airtel aims to deploy Aqilliz's blockchain technologies at scale across its fast growing adtech (Airtel Ads), digital entertainment (Wynk Music and Airtel Xstream) and digital marketplace (Airtel Thanks App) offerings. "Bharti Airtel...has acquired [...]
NEWSALERT
Eight locations shortlisted for semiconductor, display fab facilities; investors to take final call: Ashwini Vaishnaw tells PTI. PTI MBI RAM
NEWSALERT
Brent crude tops $100 per barrel after President Vladimir Putin launches Russia's long-anticipated attack on Ukraine, reports AP. PTI SCY SCY
Franklin Templeton appoints Avinash Satwalekar as president of India AMC
New Delhi, Feb 24 (PTI) Franklin Templeton on Thursday said it has appointed Avinash Satwalekar, currently country head of Malaysia business, as president of the India asset management company (AMC), effective June 2022. Satwalekar will relocate to India as president designate effective April 1, 2022and take over as president of the India AMC from Sanjay Sapre [...]
PM exhorts corporates to work towards making Indian agri sector ‘modern and smart’
New Delhi, Feb 24 (PTI) Stressing the need for reducing imports of edible oils and pulses, Prime Minister Narendra Modi on Thursday asked corporates to come forward and help farmers in increasing domestic production of these essential food items. Addressing a webinar on positive impact of the Union Budget 2022 on the agriculture sector, the [...]
Introducing Artistic New Homeware by Freedom Tree Design Studio
Creative living starts with Artistease Mumbai, Maharashtra, India (NewsVoir) Ease into an artistic home and lifestyle with Freedom Tree. Infused with new creative energy, home is a place filled with the things we love and no rules in how we put them together. As we intuitively layer our spaces, Artistease encourages us to be adventurous [...]
Garuda Aerospace targets to make 6 lakh drones, create new jobs
Chennai, Feb 24 (PTI) Garuda Aerospace, the city-based drone start-up, is aiming to manufacture six lakh drone besides creating six lakh jobs by 2025 under its Kisan Drone initiative. The company announced 'Drone-as-a-Service' initiative to empower farmers and agriculture sector by adding value to the farming ecosystem.Recently, Prime Minister Narendra Modi had inaugurated the Kisan [...]
Market crash: 77 stocks on BSE 500 index hit their 52-week low levels
As many as 77 stocks hit their 52-week low levels in morning trade on Thursday as domestic equity benchmark indices witnessed heavy selling pressure after Russia announced a military operation in Ukraine. Broader markets were badly hit as sustained selling pressure pulled the Sensex midcap and smallcap down by around 3.31 per cent and 3.37 [...]
BSE S&P 500 Stocks that are down by 40% in this Market Crash
On Thursday Morning, Indian Stock Market Indexes — Sensex and Nifty crashed over 2.5 percent in early morning deals following massive selloffs in global share markets after Russia announced the military operation in Ukraine. Tracking developments in eastern Europe, the BSE Sensex plunged 1,461.35 or 2.55 percent to 55,770.71; and the Nifty tanked 430.10 points or 2.52 [...]
GAPIO Excellence Awards Announced
Stalwarts across specialities recognised for their exemplary contribution to the Healthcare Industry New Delhi, Delhi, India (NewsVoir) The Global Association of Physicians of Indian Origin (GAPIO) announced the winners of the annual GAPIO awards for 2021 to doctors who have made noteworthy contribution towards improving healthcare. The award winners in the Distinguished Category are: • [...]
Jindal Global Business School signs MoUs with 11 Universities in 5 Countries for International Student Mobility
24 February 2022, Sonipat, Haryana: Jindal Global Business School (JGBS), of O.P. Jindal Global University (JGU), has expanded its international partnership portfolio by signing 11 new Memorandums of Understanding (MoUs) with prestigious business schools and universities in five countries spanning four continents. The new international collaborations include top business schools such as the Wharton School [...]
CollegeDekho acquires Getmyuni for Rs 50 cr
New Delhi, Feb 24 (PTI) Edtech firm CollegeDekho has acquired its peer firm Getmyuni for about Rs 50 crore in a mix of cash and equity deal, a move that will aid the company's revenue growth, according to a top company official. Post the acquisition, Getmyuni will continue to operate independently and some of the [...]
Stylam Highlights World-Class HPL Exterior Cladding’s Growth Prospects
Chandigarh, India – Business Wire India At a recent conference on external cladding, numerous eminent speakers of Stylam Industries discussed the various aspects of HPL technology and all of its applications. In the world of high class laminates, Stylam is a household name. It is one of only a few businesses to have received the [...]
India Showcases Digital Agriculture Ecosystem at EXPO2020
Innovative technologies in agriculture sector helping India reduce carbon emission and meet COP26 goals – P.K. Swain, Additional Secretary, Ministry of Agriculture & Farmers Welfare Dubai, United Arab Emirates (NewsVoir) As part of the ongoing ‘Food, Agriculture and Livelihood’ fortnight, at India Pavilion at EXPO2020 Dubai, Ministry of Agriculture and Family Welfare, Government of India, [...]
Actress Vani Bhojan Inaugurates 4th Branch of ‘Wootu Weight Loss and Nutrition Clinic’ at Porur, Chennai
Chennai, Tamil Nadu, India (NewsVoir) Ms. Vani Bhojan (Actress) along with Co-founders of Wootu Nutrition, Mr. Ajay Ameer, Dr. Preeti Raj, and Ms. Geetha Priya jointly inaugurate ‘Wootu Diet Clinics' 4th Branch and Chennai’s Largest Diet Kitchen on Monday, the 14th February 2022 at Porur, Chennai. With strategically located branches in Anna Nagar, Perungudi - [...]
Tamilian Heart Beats in a Kashmiri Woman
Donor heart transported over 350 kilometres for a successful transplant on a young woman from Srinagar suffering from terminal heart failure at MGM Healthcare, Chennai Aishwarya Trust came forward to fund the heart transplant Chennai, Tamil Nadu, India – Business Wire India A heart from an 18-year-old brain dead donor was transported over 350 kilometres [...]
Gujarat private firm chairman held in Rs 762-crore GST fraud
Ahmedabad, Feb 23 (PTI) The chairman of a Bhavnagar-based firm was arrested on Wednesday by the state Goods and Services Tax (GST) department with the help of the Gujarat Anti-Terrorist Squad (ATS) in a case of using fake invoices of Rs 762 crore to claim fraudulent input tax credit of Rs 137 crore.The state GST [...]
CGST unearths fake invoicing racket involved in tax evasion of Rs 38.5 cr; 3 arrested
New Delhi, Feb 23 (PTI) With the arrest of three people, the CGST on Wednesday unearthed a cartel allegedly running 54 bogus firms registered in the Delhi-NCR region that were engaged in fake invoicing and circular trading, a statement said. The Delhi South, Central Goods and Services Tax Commissionerate received a tip-off that certain bogus [...]
IKEA India appoints Susanne Pulverer as first woman CEO
New Delhi, Feb 23 (PTI) Sweden-based IKEA, the world's leading home furnishing retailer, on Wednesday announced the appointment of Susanne Pulverer as its first woman chief executive officer (CEO) and chief sustainability officer (CSO) for its India business. Pulverer will replace the outgoing IKEA India CEO and CSO Peter Betzel, IKEA said in a statement. [...]
Corp Affairs Min to enter all complaints against cos, LLPs in electronic registry
New Delhi, Feb 23 (PTI) The corporate affairs ministry has directed Registrar of Companies (RoCs) and Regional Directors to enter all complaints received against companies and LLPs on the ministry's electronic registry. Once a complaint is entered in the registry, then a Service Request Number (SRN) will be generated and the same has to be [...]
Business briefs 2
IndiGo to start Pantnagar-Dehradun flight services from Mar 27 Mumbai, Feb 23 (PTI) Budget-carrier IndiGo expanded its regional flights network, adding services to Pantnagar in Uttarkahand from Dehradun and to Delhi, starting March 27, according to a statement released on Wednesday. IndiGo said it will operate exclusive direct flights from Pantnagar to Dehradun and new [...]
Sonowal reviews Dredging Corp performance
New Delhi, Feb 23 (PTI) Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on Wednesday reviewed the performance of Dredging Corporation of India and exhorted its employees to work as a team for meeting the expectations of the country. The minister noted that DCI is a very important organisation in the maritime sector and [...]
Vodafone in talks to sell about 5% stake in Indus Towers to Bharti Airtel: Sources
New Delhi, Feb 23 (PTI) British telecom giant Vodafone Plc is in discussions to sell around five per cent stake in telecom infrastructure company Indus Towers Ltd to Bharti Airtel, according to industry sources. Vodafone Plc is also planning to sell 2.4 per cent stake worth Rs 1,490 crore in Indus Towers through a block [...]
China’s dominance in global supply chain ‘worrying’ factor: Bharat Forge CMD
Mumbai, Feb 23 (PTI) China's dominance in the global supply-chain is a "worrying" factor as it can control pricing of most of the commodities and products, Bharat Forge Chairman and Managing Director Baba Kalyani said on Thursday. Speaking at a virtual session at the MEA-PIC Asia Economic Dialogue 2022, hosted by Pune International Centre (PIC), [...]
Welspun India to raise Rs 500 cr via NCDs
New Delhi, Feb 23 (PTI) Welspun India on Wednesday said it plans to raise Rs 500 crore by issuing non-convertible debentures (NCDs) or commercial papers on a private placement basis. Its board in its meeting on Wednesday "approved raising of funds, by way of the private placement, up to Rs 500 crore, inter alia, by [...]
Crompton Greaves Consumer to acquire 81% stake in Butterfly Gandhimathi Appliances for Rs 2,076 cr
New Delhi, Feb 23 (PTI) Electrical consumer durables company Crompton Greaves Consumer Electricals Ltd (CGCEL) on Wednesday announced to acquire a majority stake of 81 per cent in Butterfly Gandhimathi Appliances for a total consideration of Rs 2,076 crore. Tamil Nadu-based Butterfly Gandhimathi Appliances operates in kitchen and small domestic appliances and the deal will [...]
Ujjivan SFB seeks shareholders’ nod to raise Rs 600 cr
New Delhi, Feb 23 (PTI) Ujjivan Small Finance Bank (SFB) on Wednesday said it will seek shareholders' approval to raise up to Rs 600 crore as equity capital by issuing shares to qualified institutional buyers in order to meet the regulatory requirements for amalgamation with its parent company. Besides, the lender will seek approval of [...]
Giift invests Rs 225 crore in Xoxoday in equity deal
New Delhi, Feb 23 (PTI) Loyalty management solutions provider Giift has invested USD 30 million, about Rs 225 crore, for buying significant but undisclosed stake in fintech firm Xoxoday, the company said Wednesday. Giift is backed by Apis Growth Fund II, a private equity fund managed by Apis Partners LLP. "Xoxoday will use the USD [...]
Gehlot budget brings pension scheme, free power and job guarantee in urban areas
Jaipur, Feb 23 (PTI) Presenting a populist budget, Rajasthan Chief Minister Ashok Gehlot on Wednesday announced restoring old pension scheme for state government employees, a job guarantee scheme for urban areas, free electricity of up to 50 units for domestic users and free treatment in government hospitals, among other proposals. No new tax was imposed [...]
HC stays notices in relation to declaring GAIL gas distribution network as a common carrier
New Delhi, Feb 23 (PTI) The Delhi High Court Tuesday stayed the notices issued by Petroleum and Natural Gas Regulatory Board (PNGRB) in connection with declaring GAIL Gas Ltd and its subsidiaries' City Gas Distribution Network as a common carrier or contract carrier.The interim order was passed by a bench of Chief Justice DN Patel [...]
Protesting Chandigarh power dept employees call off strike
Chandigarh, Feb 23 (PTI) Protesting employees of the city electricity department on Wednesday evening called off their strike while power supply has also been restored in the most parts of the city. The decision to call off the three-day strike, that was to end on Thursday night, was taken after a meeting between the representatives [...]
J&K govt approves policy for promotion of foreign investment in industrial sector in J&K
Jammu, Feb 23 (PTI) The administrative council (AC) of the Jammu and Kashmir government on Wednesday approved the policy for the promotion of foreign investment in the industrial sector based on the guiding framework on FDI in the Union territory. AC, which met here under the chairmanship of Lieutenant Governor Manoj Sinha, on Wednesday approved [...]
Rajasthan govt launches work from home scheme for women
Jaipur, Feb 23 (PTI) Rajasthan chief minister Ashok Gehlot on Wednesday proposed 'Work for Home – Job Work Scheme' for women in the state. The scheme is for such women who can contribute to family income while working from home. Under the scheme, 20,000 women will be benefitted in the next year. The chief minister [...]
Power secy inaugurates concreting works for 2nd unit of power house of Arun-III hydro project
New Delhi, Feb 23 (PTI) Union Power Secretary Alok Kumar has inaugurated the commencement of concreting works for the second unit of the powerhouse of Arun-III hydropower project being developed by state-owned SJVN. Power Secretary Alok Kumar, accompanied by SJVN Chairman and Managing Director Nand Lal Sharma visited 900-MW Arun -III Hydro Electric Project being [...]
Seeds Fincap plans to disburse Rs 250 cr in next financial year
New Delhi, Feb 23 (PTI) Gurugram-based NBFC Seeds Fincap Pvt Ltd on Wednesday said it aims to disburse loans worth Rs 250 crore in the next financial year. The company, which has operations in Uttar Pradesh, Haryana and Rajasthan with 24 branches in Tier 2 and 3 towns, completed disbursement of Rs 50 crore worth [...]
Wonderchef enters diningware segment; eyes Rs 50 cr revenue in first year
Mumbai, Feb 23 (PTI) Leading kitchenware brand Wonderchef is entering the diningware/homeware segment and has set a target of selling Rs 50 crore in the first year of operations and will invest Rs 100 crore over the next three years towards design and product development. The company, co-founded by celebrity chef Sanjeev Kapoor and Ravi [...]
Sebi levies fine on Varun Beverages employee for violating insider trading norms
Markets regulator Sebi on Wednesday imposed monetary fine on an employee of Varun Beverages Ltd for violating insider trading norms. The order follows an investigation carried out by the regulator between January 2017-April 2018. Sebi noted that Bagga Rajinder Jeet Singh had failed to comply with provisions of Prohibition of Insider Trading norms by failing [...]
Ticket bookings for Indore-Gondia-Hyderabad flight to start from March 1
Gondia (Maharashtra), Feb 23 (PTI) FlyBig Airlines, promoted by Gurugram-based Big Charter Private Limited, will start ticket bookings for the flight service on the Indore-Gondia-Hyderabad route from March 1. Lok Sabha member Sunil Mendhe gave this information on Wednesday. After a delay due to the outbreak of COVID-19, the flight operations are most likely to [...]
PM to address a webinar on smart agriculture on Thursday
New Delhi, Feb 23 (PTI) Prime Minister Narendra Modi will address a webinar on smart agriculture on Thursday. According to an official statement issued on Wednesday, an important webinar on smart agriculture is being held on February 24, which will be mainly addressed by Prime Minister Narendra Modi. Agriculture Minister Narendra Singh Tomar, Food and [...]
Arrivae raises Rs 75 crore in funding from Think Investments, Havells Group
New Delhi, Feb 23 (PTI) Arrivae, a made-to-order furniture manufacturer and home improvement company, on Wednesday said it has raised Rs 75 crore in funding from Think Investments and Havells Group. The Series B funding round also saw participation from Emerge Capital and existing investors, Arrivae, backed by ace investor Rakesh Jhunjhunwala said in a statement. [...]
Employer obligated to pay damages for delay in payment of EPF contribution: SC
New Delhi, Feb 23 (PTI) An employer is under an obligation to pay the damages for delay in payment of the contribution of Employees' Provident Fund (EPF) of an employee, the Supreme Court said on Wednesday.A bench of Justices Ajay Rastogi and Abhay S Oka said Employees Provident Fund & Miscellaneous Provisions Act is legislation [...]
Crompton Greaves to acquire controlling stake in Butterfly Gandhimathi Appliances
New Delhi, Feb 23 (PTI) Crompton Greaves Consumer Electricals Ltd (CGCEL) on Wednesday said it will acquire majority stake in Butterfly Gandhimathi Appliances. It has signed a definitive agreement to "acquire up to 55 per cent stake at Rs 1,403.00 per equity share, aggregating up to Rs 1,379.68 crore", CGCEL said in a regulatory filing. It will [...]
Maruti Suzuki expects sales momentum to continue with better chip supplies
New Delhi, Feb 23 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) expects its sales momentum to continue with gradual improvement in the semiconductor supplies and demand situation remaining robust in the domestic market, a top company official said on Wednesday. In an interaction with PTI on the sidelines of the launch of all-new [...]
Industrialists suggest greater publicity for Bengal attract investment
Kolkata, Feb 23 (PTI) Industrialists in West Bengal Wednesday suggested greater publicity of the state highlighting it's leadership and Chief Minister Mamata Banerjee assured that the state government will work with them to explore ways to do it before domestic and international investors. The state government launched the new intregated portal for ease of business [...]
Exception or exempting provision in taxing statute should be construed strictly: SC
New Delhi, Feb 23 (PTI) The Supreme Court Wednesday said an exception or exempting provision in a taxing statute should be construed strictly and it is not open to the court to ignore the conditions prescribed in the policy and notifications issued in that regard.The apex court said the exemption notification should be given meaning [...]
India’s SwaTaleem Foundation chief in Google.org’s 7 global ‘leaders to watch’ list from non-profits
New Delhi, Feb 23 (PTI) Google.org, the philanthropic arm of the US-based Google, on Wednesday announced India's SwaTaleem Foundation Executive Direct Anany Tiwari as one of the seven 'Leaders to watch' from non-profit entities around the world. Tiwari and other awardees will each receive an unrestricted financial award of USD 30,000 for personal or professional [...]
RBI’s views might have delayed crypto bill: Deputy Governor Michael Patra
Mumbai, Feb 23 (PTI) Reserve Bank Deputy Governor Michael Patra on Wednesday said the central bank's views about cryptocurrencies might have delayed the government's proposed legislation on crypto assets. Emphasising that the Central Bank Digital Currency (CBDC) will be introduced in FY23 as announced by Finance Minister Nirmala Sitharaman in the Budget speech, Patra said [...]
Govt makes budgetary allocation of Rs 786 cr for tourism sector in J&K
Srinagar, Feb 23 (PTI) The tourism sector in Jammu and Kashmir has got a major boost as the government has made a record budgetary allocation of Rs 786 crore this year, an increase of 184 per cent over the allocation for the previous year. In a major intervention for upliftment of the tourism sector in [...]
CCTV cameras to be made mandatory for major institutions in Rajasthan: Gehlot
Jaipur, Feb 23 (PTI) Installing CCTV cameras will be made mandatory for major institutions and commercial establishments in Rajasthan, Chief Minister Ashok Gehlot said on Wednesday. While presenting the state Budget, Gehlot also announced that an action plan to link those cameras to Abhay Command Centers of the state police will also be made. Gehlot [...]
GDP to be just 1 pc above pre-pandemic level in FY22; RBI may continue with easy policy: Patra
Mumbai, Feb 23 (PTI) India's GDP will be just one per cent above the pre-pandemic level even after the estimated 9.2 per cent growth in FY22, and this factor coupled with comfort on inflation make the RBI to continue with the accommodative monetary policy, RBI Deputy Governor M D Patra said on Wednesday. Making it [...]
How can a gift come with an ultimatum?: China steps up attack on USD-500 million American aid to Nepal
Beijing, Feb 23 (PTI) China on Wednesday stepped up its attack on the USD-500 million infrastructure aid being offered by the US to Nepal, saying political strings should not be attached to a “gift” and it should not come with an ultimatum. Nepal's political parties are sharply divided on whether to accept the US grant [...]
Raj govt will continue working on ERCP despite Centre not according it national status: Gehlot
Jaipur, Feb 23 (PTI) Chief Minister Ashok Gehlot on Wednesday said even though the Centre has not accorded national status to Eastern Rajasthan Canal Project (ERCP), the state government will continue working on it with its resources. In his Budget speech, Gehlot said works related to Navnera-Galwa-Bisalpur-Isarda link, Mahalpur barrage and Ramgarh barrage with a [...]
Govt to soon decide on Sebi Chairman appointment
New Delhi, Feb 23 (PTI) The government will soon take a decision on the appointment of Sebi Chairman as the extended tenure of incumbent Ajay Tyagi will be ending this month. Sources said senior bureaucrats and former members of Securities and Exchange Board of India (Sebi) have applied for the position. The finance ministry had [...]
Rajasthan to conduct REET exam in July: CM
Jaipur, Feb 23 (PTI) Chief Minister Ashok Gehlot on Wednesday proposed to conduct the Rajasthan Eligibility Examination for Teachers (REET) exam in July 2022. The state government had recently cancelled the examination due to controversies related to the paper leak case. He said that an anti-cheating cell will be set up in the Special Operations [...]
IndianOil becomes retail biz partners for Dabur; LPG distributors to sell FMCG products
New Delhi, Feb 23 (PTI) Dabur on Wednesday announced a partnership with Indian Oil Corporation Ltd (IOCL), as part of which the state-owned refiner's LPG distributors will become retail business partners for the homegrown FMCG major. This partnership will provide direct access to Dabur's range of products to around 14 crore Indane LPG consumer households [...]
Raj govt assigns industry status to tourism, hospitality sector
Jaipur, Feb 23 (PTI) Tourism and hospitality sector will be accorded the status of industry in Rajasthan, Chief Minister Ashok Gehlot said on Wednesday. Gehlot made the announcement in the state budget, saying it has been a long-pending demand and the decision will give support to the sector. With this announcement, government tariffs and levies [...]
Joshi discusses environmental compliance of coal, lignite companies
New Delhi, Feb 23 (PTI) Coal Minister Pralhad Joshi on Wednesday held a meeting to discuss the status of compliance of coal and lignite companies with environmental norms. Joshi, who chaired the meeting of Parliamentary Consultative Committee of the coal ministry, informed the panel members that mining operations in coal, lignite mines are carried out [...]
New arrival terminal at Delhi airport’s T1 to be operational from Thursday
New Delhi, Feb 23 (PTI) The newly-constructed arrival terminal at T1 of the airport in the national capital will be operational from Thursday. The Indira Gandhi International Airport (IGIA), operated by DIAL, has three terminals -- T1, T2 and T3. The state-of-the-art arrival facility is set to receive passengers from IndiGo's flight from Goa, 6E-6532. [...]
BharatPe vs Ashneer Grover; How has the drama unfolded so far?
The recent controversy at BharatPe has drawn a lot of attention over the last few weeks. Since the start of the year, Ashneer Grover has been at the center of the controversy. Ashneer Grover has now claimed that the board is arm twisting him into exiting the company and the board is further hurting the [...]
Pakistan, Turkey collaborating to develop 5th generation fighter jet: report
Islamabad, Feb 23 (PTI) Close allies, Pakistan and Turkey are collaborating on the development of a fifth generation fighter jet, a media report said on Wednesday.Temel Kotil, President and Chief Executive Officer (CEO) at Turkish Aerospace Industries (TAI) told Aaj News channel that Turkey and Pakistan were collaborating on the project.Air Vice-Marshal Dr Rizwan Riaz, [...]
ENJOY SPECIAL CHAI INSTANTLY UNDER A MINUTE
With Society One Minute Instant Premixes Range India has famously been a tea-drinking nation and Society Tea aims to cater to this discerning consumer. A perfect way to start your day, Society Tea brings to you One Minute Instant Premixes that are a must have. A favorite of millions of Indians, enjoy special chai instantly [...]
Aim at rapid expansion of retail loan business in Odisha: ICICI Bank
Bhubaneswar, Feb 23 (PTI) ICICI Bank on Wednesday said it would expand its retail loan business at a rapid pace in Odisha during the ongoing fiscal.Home loan disbursement in the state is likely to grow by 30 per cent to Rs 1,250 crore, while the consumer credit segment is expected to rise by over 40 [...]
Shri Sanjay Khanna Takes Over as Director Refineries, BPCL
Mumbai, Maharashtra, India (NewsVoir) Shri Sanjay Khanna takes over as Director Refineries, BPCL on 22nd Feb’22. A Chemical Engineering graduate from NIT, Tiruchirapalli and Post Graduate in Finance Management from Mumbai University, he has more than 30 years of experience in Refinery Operations. In his illustrious career, he has earlier held the positions of Chief [...]
Survival of bidi industry at stake, urgent need for slashing tax: Stakeholders
Representatives of the bidi industry and labour organisations have called for an immediate reduction of tax on the indigenous smoke, contending that high taxes threatened the survival of the sector. During a virtual round table organised by the All India Bidi Industry Federation, they also deliberated upon the need for alternative job opportunities for the [...]
Sujoy Choudhury is new director (BD), IOC
New Delhi, Feb 23 (PTI) Sujoy Choudhury has been appointed Director (Planning and Business Development) on the board of state-owned Indian Oil Corporation (IOC), the nation's biggest oil firm. His appointment is effective from February 23, the company said in a stock exchange filing. A Mechanical Engineer and MBA (Finance) from Jadavpur University, Kolkata, Choudhury, [...]
Gehlot presents agri Budget; proposes Rs 5K cr for CM Krishak Saathi Yojana
Jaipur, Feb 23 (PTI) Rajasthan Chief Minister Ashok Gehlot on Wednesday presented his first agriculture Budget, proposing Rs 5,000 crore for the CM Krishak Saathi Yojana to implement 11 schemes on a mission mode. Last year, the state government had proposed Rs 2,000 crore under the scheme, which has been increased to Rs 5,000 crore [...]
Retention Cloud Leader CleverTap Recognized in The Best Software Companies List by G2
Mumbai, Maharashtra, India & Mountain View, California, United States – Business Wire India CleverTap, the world’s leading retention cloud, today announced it has been recognized in the Best Software Companies list by G2. Operating a software marketplace used by more than 60 million software buyers annually, G2 is the definitive online destination to discover, review [...]
Crystal Crop introduces herbicide for sugarcane; aims 15% share of Rs 600cr market size
New Delhi, Feb 23 (PTI) Agro chemicals firm Crystal Crop Protection Ltd on Wednesday said it has introduced a new herbicide to check weeds in sugarcane crops and expects up to 8 per cent increase in revenue from this product in the next few years. Crystal Crop had posted a turnover of around Rs 2,100 crore during [...]
Muthoot Finance Launches Sunheri Soch Season-2, Only on RED FM 93.5
New Delhi, Delhi, India (NewsVoir) After a successful first Season of Sunheri Soch last year, Muthoot Finance now presents, Sunheri Soch Season 2 - a compilation of 5 truly inspiring real-life stories of common men & women, who realised their dreams by availing a gold loan from Muthoot Finance. The theme of this year’s Sunheri [...]
Baker’s Alley: Enabling Investors and Entrepreneurs Bake Hefty Profits
Baker’s Alley in Delhi NCR is the hottest new real estate opportunity New Delhi, Delhi, India – Business Wire India Aadinath Ur Homes, based in Delhi NCR, is a thoroughly modern real estate advisory company built on traditional values of service, integrity, market expertise, global outlook, and local knowledge. Through a team of experienced experts, [...]
AG&P signs 15-year Charter Agreement with ADNOC Logistics and Services to provide storage and flexibility to the first Philippines LNG Import Terminal (PHLNG) in Batangas Bay
• Supply, operations and maintenance of Floating Storage Unit (FSU) by ADNOC L&S • Conversion of the LNG Carrier (LNGC) to FSU by AG&P subsidiary GAS Entec • Phase 1 commissioning of PHLNG in H2, 2022 with FSU storage. In Phase 2, two additional onshore storage tanks to follow in 2024 NEW DELHI, Feb. 23, [...]
Russia-Ukraine conflict: Moody’s says global oil, natural gas prices may see a sharp rise
Global oil and liquified natural gas (LNG) prices are likely to see a sharp rise in the event of a Russia-Ukraine conflict, which would have negative implications for net energy importers, Moody's Investors Service said on Wednesday. Moody's Investors Service Managing Director Michael Taylor said trade effects are likely to arise from import diversion and [...]
MUMMBAI, FEB 23
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 64138.00 64203.00 STANDARD GOLD (99.5) : 49875.00 49849.00 PURE GOLD (99.9) : 50075.00 50049.00 --------------- PTI MUM SVC SVC SVC
Dyninno India Introduces Compassionate Policy to Support Employees
– Financial support to employees in case of bereavement in the family – Medical Insurance cover up to INR 1 million – Accident Insurance cover of five times the CTC GURUGRAM, India, Feb. 23, 2022 /PRNewswire/ -- Dyninno India, a part of the global Dyninno Group of Companies that provides products and services in the [...]
Avail a Flat Rs. 3,000 Cashback on the purchase of GOQii Fitness Smartwatches from Bajaj Finserv EMI Store
Shop for the latest GOQii fitness smartwatches on No Cost EMI from the Bajaj Finserv EMI Store & get free home delivery Pune, Maharashtra, India (NewsVoir) Keep a tab on your physical health in style with GOQii fitness smartwatches as these gadgets are now available at pocket-friendly prices at the Bajaj Finserv EMI Store. The [...]
RITEISH DESHMUKH MAKES A BOLLYWOOD-STYLE ENTRY ON MX TAKATAK; PROMISES NON-STOP ENTERTAINMENT FOR ITS LARGE COMMUNITY
Mumbai, 23 February 2022: India’s leading short video platform, MX TakaTak is all set to add more entertainment for its large and diverse community, as it onboards actor Riteish Deshmukh as a celebrity influencer on the platform. Known for his versatile acting skills and sense of humour, he will be bringing his natural quirk and [...]
Regulation coming to put onus of cyber crime reporting on organisations: MoS IT
New Delhi, Feb 23 (PTI) The government is coming up with a regulation that will make organisations hit by any cybercrime incidence to disclose it before the government, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Wednesday. While speaking at the launch of the IBM Security Command Centre for Asia Pacific region [...]
TVS Motor crosses 10-lakh two-wheeler export mark in current fiscal
New Delhi, Feb 23 (PTI) TVS Motor Company on Wednesday said it has crossed the 10-lakh two-wheeler export milestone in the current financial year. The company said it has achieved this significant export milestone in a financial year for the first time. The key exports include the Apache series, HLX series, Raider and Neo series, [...]
MakeMyTrip’s fintech arm TripMoney partners with SBM Bank India to launch global credit card
Mumbai, Feb 23 (PTI) MakeMyTrip on Wednesday said its fintech arm TripMoney has joined hands with SBM Bank India to launch a rupee-denominated secure credit card, TripMoney Global Card. This value-loaded credit card offers various advanced money management features relieving overseas travellers from paying mark-up on forex (foreign exchange) conversions, MakeMyTrip said in a statement. [...]
Analysts seem to be bullish on these Adani Group Stocks
Shares of the Adani group were buzzing on the bourses as they soared up in an otherwise range-bound market last week. Adani Green Energy, Adani Power, Adani Transmission and Adani Total Gas were up by somewhere between 3% to 8% each. Adani Enterprises and Adani Ports and Special Economic Zone were up by 1%. However, [...]
Tata Motors drives in Kaziranga Editions across SUV line-up
New Delhi, Feb 23 (PTI) Tata Motors on Wednesday rolled out special edition version of its SUV models, including Punch and Safari, priced between Rs 8.58 lakh and Rs 20.99 lakh (ex-showroom), to mark its leadership in the segment. The 'Untamed Kaziranga Edition' range starts with Punch, which is priced at Rs 8.58 lakh, Nexon [...]
Vodafone in talks to sell 5% stake in Indus Towers to Bharti Airtel: Sources
British telecom giant Vodafone is in discussions to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources. When contacted, Vodafone refused to comment on the matter. Vodafone currently holds about 28 per cent in Indus Towers. The industry sources said that Vodafone is in talks to sell its [...]
BharatPe sacks Ashneer Grover’s wife Madhuri Jain, cancels ESOPs
BharatPe has sacked its head of controls Madhuri Jain Grover - wife of embattled co-founder Ashneer Grover - for alleged financial irregularities ranging from producing fake invoices to billing the company for personal beauty treatment and trips abroad. While a company spokesperson confirmed the termination, sources with direct knowledge of the matter said BharatPe has [...]
Advertisers to carry ‘unregulated’, ‘can be highly risky’ disclaimer in crypto ads from Apr 1: ASCI
Advertisers will have to prominently carry a disclaimer for crypto products and non-fungible tokens mentioning that these products are "unregulated and can be highly risky", according to the Advertising Standards Council of India (ASCI). Besides, the advertising industry's self-regulatory body on Wednesday said that such advertisements should mention that there may be no regulatory recourse [...]
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