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Semiconductor stock hits 5% upper circuit after receiving work order from Eastern Railways
Semiconductor stock engaged in the design, development & manufacturing of high-end Electronic, and telecommunication equipment, and many more hit a 5 percent in the day’s trade upon receiving a new work order from Eastern Railways. Price Movement With a market capitalization of Rs. 2,426 Crores, the shares of MIC Electronics Limited hit a 5 percent [...]
Stocks in focus after Tata group issues $9 Billion tender for wind turbines
India's Tata Power is looking for bids for the supply of wind turbines with a capacity exceeding 3 gigawatts (GW). These turbines will be used at its wind-solar hybrid renewable energy facilities across India over the next three to five years, according to several sources. The total investment could surpass Rs. 21,000 crore, making it [...]
Tata group stock jumps after it partners with BMW to develop automotive software
Shares of this Tata Group company, which specialises in product development and digital solutions, rose nearly 2 percent following its collaboration with BMW to establish a joint venture, BMW TechWorks India, aimed at developing automotive software and IT solutions. Price Movement In Wednesday's trading session, Tata Technologies Limited's share price reached an intraday high of [...]
Navratna stock jumps 10% after signing MoU with Etihad Rail for railway infrastructure in UAE
The shares of this public-sector enterprise gained 10 percent after the company signed a memorandum of understanding for developing railways and provide infrastructure services in the UAE. With a market capitalization of Rs 15,424.98 crore, the shares of Rites Ltd were trading at Rs 320.95 per share, increasing around 7 percent as compared to the [...]
Solar stock held by BlackRock jumps 6% after receiving order to supply solar modules
Solar energy stock held by BlackRock, engaged in manufacturing and supplying integrated solar cells and solar panels and also providing EPC Solutions related to it jumped 6 percent in the day’s trade upon receiving a new work order for the supply of solar modules. Price Movement With a market capitalization of Rs. 46,326 Crores, the [...]
Waste management stock jumps 5% after company to set up e-waste recycling plant
Shares of a company engaged in offering services for collection, disposal, and recycling of e-waste surged 5.2 percent on NSE to Rs. 183.95 on Wednesday, after the company announced acquiring land to set up e-waste recycling plant in Telangana. With a market capitalisation of Rs. 415.7 crores, at 10:10 a.m., the shares of Namo eWaste [...]
Smart meter stock hits 5% upper circuit after receiving ₹201 Cr order; Also forays into renewable energy
Shares of this power transmission stock reached the upper price band on Wednesday after winning an EPC and O&M contract valued at Rs.201 crores for developing a solar power project designed to solarize agricultural feeders in Maharashtra. Price Movement In Wednesday's trading session, RMC Switchgears Limited's share price reached the 5 percent upper circuit at [...]
Power stock jumps 9% after signing agreement with Lakshmi Mills for power supply
The shares of the leading power transmission company gained up to 9 percent after the company came into subscription and shareholders agreement for the supply of power from renewable energy. With a market capitalization of Rs 93,999.03 crore, the shares of Torrent Power Ltd were trading at Rs 1,955.80 per share, increasing around 8 percent [...]
Mukul Agrawal stock jumps after receiving order for supply of seats and berths for Indian Railway
The shares of the railway equipment manufacturer gained up to 2.22 percent after the company bagged a prestigious order from ‘Modern Coach Factory worth Rs 6.91 crore. Oriental Rail Infrastructure Ltd has a market capitalization of Rs 1,689.82 crore, the shares were trading at Rs 274.95 per share, increasing around 1.10 percent as compared to [...]
PSU stocks trading at discount of up to 40% to look out for
Public Sector Undertakings (PSUs) in India are government-owned corporations that play a crucial role in the country's economy and infrastructure development. Established primarily through nationalisation efforts beginning in the 1950s, these entities were created to provide essential services and promote equitable economic growth. The government holds at least 51 percent of the paid-up share capital [...]
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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
Tourism Australia Says G’day to Indian Travellers
Mumbai, Maharashtra, India – Business Wire India Tourism Australia is delighted to be welcoming back travellers from India with borders now open for quarantine-free travel, for fully vaccinated visa holders. Pre-Covid, India was Australia’s fastest growing inbound tourism market for three years. In 2019, Australia welcomed almost 400,000 visitors from India and was the sixth [...]
Husk Power Systems bags USD 4 mn finance for rural microgrids in India
New Delhi, Feb 22 (PTI) Smart Power India on Tuesday said its partner Husk Power Systems has bagged the largest-ever debt financing of USD 4 million for rural microgrids in India to construct 140 mini-grids in rural India. To encourage reliable access to electricity till the last mile, Smart Power India's partner Husk Power Systems [...]
10 Primary Principles for Procuring Personal Loans
Delhi, India (NewsVoir) At some point, one needs a personal loan or instant personal loan, depending on the immediacy of the requirement. If the need is pressing, an instant personal loan becomes necessary. In situations where the expenditure is planned, a personal loan serves the purpose. Says Rakesh Kaul, CEO – Clix Capital, “Since there [...]
Orchids – The International School Presents 1st Ever Online Inter-School Singing Contest
• Hariharan and Shaan to Judge the Contest • 5 Finalists will get a short review of their song by judges • Winners in the two zones will interact with the judges. As per their respective position they shall be awarded a Trophy, Certificates, Prize Money • All winners to receive a Music Scholarship from [...]
CtrlS appoints Dillip Guru as Senior Vice President International DC Expansion, Renewable Energy & Edge Strategy
SINGAPORE and HYDERABAD, India, Feb. 22, 2022 /PRNewswire/ -- CtrlS Datacenter Limited, Asia's largest Rated-4 Hyperscale Datacenter and Managed Services provider, has announced the appointment of Dillip Guru as its Senior Vice President International DC Expansion and Renewable Energy & Edge Strategy. At CtrlS, he will be responsible for providing strategic direction in the company's [...]
MUMBAI, FEB 22
(PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 751.00 COPPER HEAVY SCRAPS 740.00 COPPER ARMATURE (CREDIT) 721.00 COPPER UTENSILS SCRAP 647.00 CC ROD 797.00 BRASS :- BRASS SHEET CUTTING 544.00 BRASS UTENSIL SCRAP 495.00 BRASS HONEY 486.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 191.00 ALUMINIUM EXTRUSION SCRAP 223.00 ALUMINIUM INGOTS 273.00 OTHER : [...]
Barclays pegs India’s Q3 GDP growth at 6.6%
Forecasting a lower-than-previously projected 10 per cent GDP growth for the fiscal year 2022 due to the third wave of the pandemic, foreign brokerage Barclays said the Indian economy is likely to have expanded by 6.6 per cent in the December quarter. The economy had a relatively stable Q3 with several sectors returning to pre-pandemic [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, FEB 22 (PTI) OILS (per 10 Kgs) G.Nut Raw 1415.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1330.00 Sunflower Exp.Ref. 1400.00 Cottonseed(Refined) 1410.00 Refined Palm Oil 1335.00 Soyabean Ref. 1378.00 Imp.Soyabean Crude - Rapeseed Ref. 1570.00 Rapeseed Exp. 1540.00 Copra white 1500.00 Rice Bran 4-7% FFA - Rice Bran 1290.00 Linseed 1950.00 Castor [...]
VilCart reaches over 45,000 kirana stores in Karnataka
New Delhi, Feb 22 (PTI) VilCart, the rural economy-focused technology start-up, on Tuesday said it has reached a milestone of reaching over 45,000 kirana stores in 4,770 villages in Karnataka. Further, the start-up aims to expand its operations to other parts of southern India in the coming months, the company said in a statement. "We [...]
Proptech firm Facilio gets $35mn from Dragoneer, Brookfield and others
Mumbai, Feb 22 (PTI) Facilio, a SaaS-based property app that claims to improve operational efficiency, has secured USD 35 million(around Rs 260 crore) in a funding round led by Dragoneer Investment Group. Brookfield Growth and existing investors Accel India and Tiger Global Management also participated in Series-B funding round. The startup said it will use [...]
Wholsum Foods raises USD 7 mn from Dubai wealth fund, Fireside Ventures
Mumbai, Feb 22 (PTI) Millet-based food start-up Wholsum Foods, which sells children's food brand Slurrp Farm, has raised USD 7 million led by Investment Corporation of Dubai, which is the sovereign wealth fund of the emirate, and existing investor Fireside Ventures. The fund will enable Wholsum Foods to ramp up product innovation, marketing activities and [...]
Rakesh Jhunjhunwala’s stock hits the lower circuit on the fifth consecutive day
The stock hit its new 52-week high of ₹134.05 on 14th February 2022 after which it has been hitting the lower circuit for five days. It has lost more than 18% since then.According to experts, this sharp downside was expected by many investors as the stock had given a similar upside.DB Realty’s board had approved [...]
Redmi Note 11T Launched with Amoled Display, up to 108 MP Camera, and 33W Charging: Know Price, Specifications
Pune, Maharashtra, India (NewsVoir) Shop for the latest Redmi Note 11T mobile phone on the Bajaj Finserv EMI Store using your EMI Network Card and get your product delivered to you for free. Now, you can purchase Redmi Note 11T on EMI on the Bajaj Finserv EMI Store at a starting EMI of Rs. 1,799. [...]
Air India operates flight to Ukraine; to bring back Indians amid rising tensions
Air India on Tuesday operated a Boeing 787 aircraft to Ukraine to bring back Indians amid rising tensions in the eastern European country. The aircraft, which has more than 250 seats, is expected to return to the national capital at around 10.30 pm on Tuesday, according to an airline official. The flight AI 1947 took [...]
RBI cautions public against prepaid payment instruments issued by unauthorised entities
The RBI on Tuesday said Gurugram-registered 'sRide Tech Private Limited' is operating a pre-paid instrument (wallet) through its car-pooling app 'sRide' without obtaining the required permissions, as it cautioned the public against using applications issued by unauthorised entities. As such, any person dealing with sRide Tech Private Limited, will be doing so at their own [...]
Organic India Felicitates the Heroes of Indian Agriculture with DhartiMitr Award at the Dadasaheb Phalke International Film Festival 2022
New Delhi, Delhi, India (NewsVoir) Recognizing the contribution of farmers towards strengthening the entire ecosystem of organic farming, Organic India Private Limited (“Organic India”), in association with the prestigious Dadasaheb Phalke International Film Festival felicitated the top 5 organic farmers with DhartiMitr Awards while celebrating the grandeur of Indian Cinema and commemorating 75 years of [...]
Ravikrishna Chebolu Joins West as General Manager of India
Hyderabad, Telangana, India (NewsVoir) West Pharmaceutical Services, Inc. (West), a global leader in innovative solutions for injectable drug administration today announced the appointment of Mr. RavikrishnaChebolu as General Manager of its India operations. With more than 20 years of relevant commercial and general management experience in the pharmaceutical and healthcare industry, Mr. Chebolu will lead [...]
Industrial, logistics space leasing jumps 39% to 28 mn sqft in 2021: Report
New Delhi, Feb 22 (PTI) Leasing of industrial and logistics spaces rose 39 per cent in 2021 to 28 million square feet across eight major cities on better demand from third-party logistics firms and e-commerce firms, according to property consultant CBRE. In its report, CBRE highlighted that the leasing activity grew about 39 per cent [...]
Insurtech player RenewBuy acquires Artivatic.AI for Rs 75cr
New Delhi, Feb 22 (PTI) InsurTech player RenewBuy on Tuesday said it has acquired artificial intelligence-based peer company Artivatic.AI for USD 10 million (around Rs 75 crore) which will help in expanding its outreach across the entire value chain of selling insurance policies. Bengaluru-based Artivatic.AI has been delivering underwriting and claim solutions to multiple life [...]
Mahindra Finance raises Rs 300 cr by issuing bonds
New Delhi, Feb 22 (PTI) Mahindra & Mahindra Financial Services on Tuesday said it has raised Rs 300 crore by issuing bonds on a private placement basis. A meeting of the committee of the board on Tuesday approved the allotment of 3,000 secured redeemable non-convertible debentures (NCDs) of a face value of Rs 10 lakh [...]
Price of vegetables
Bengaluru, Feb 22 (PTI) Following are vegetable rates quoted at Agriculture Produce Marketing Committee Rates per quintal: Cauliflower 500-4165, Brinjal 150-3200, Tomato 150-5000, Bitter Gourd 1000-3070, Bottle Gourd 100-2500, Ash Gourd 800-2000, Green Chilli 400-9000, Banana Green 1000-4200, Beans 150-4000, Green Ginger 1000-3000, Carrot 1000-6000, Cabbage 436-2000, Ladies Finger 180-4217, Snake Gourd 300-1400, Beetroot 700-4163, [...]
Shopping centres, malls request Delhi government to allow operations beyond 8 pm
New Delhi, Feb 22 (PTI) Shopping centres and malls have requested the Delhi government to ease restrictions and allow operations of malls beyond 8 pm, citing falling number of COVID-19 cases. In a letter to Delhi Chief Minister Arvind Kejriwal, the Shopping Centres Association of India (SCAI) also assured him that it will take all [...]
Crude oil futures rise on spot demand
New Delhi, Feb 22 (PTI) Crude oil prices rose Rs 150 to Rs 7,018 per barrel on Wednesday, 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 150, or 2.18 per cent, at Rs 7,018 per barrel in 8,817 [...]
HarperCollins is delighted to present the ultimate guide to healthy skin from one of India’s most sought-after skin specialists, Dr Kiran Sethi’s Skin Sense
NEW DELHI, Feb. 22, 2022 /PRNewswire/ -- HarperCollins India is thrilled to announce the upcoming publication of a clutter-breaking, one-stop skincare guide for the current times – Dr Kiran Sethi's Skin Sense – which will be out on 7th March 2022. This book is a myth-busting, fuss-free manual, power-packed with updated and practical advice on [...]
HDFC Bank Finances Asia’s Largest Waste to Energy Plant in Indore
Indore, Madhya Pradesh, India – Business Wire India • Gobar-Dhan plant can produce 17000 kg CNG/day and 100 tonnes/day of organic compost • Plant is expected to treat 550 Tonnes per day of Wet waste generated by Indore City and convert it to 100% green products like biogas & manure HDFC Bank under its ESG [...]
AMERICAN STANDARD(TM) ADVOCATES FOR CONTINUED HYGIENE VIGILANCE WITH HYGIENECLEAN(TM)
NEW DELHI, India, Feb. 22, 2022 /PRNewswire/ -- LIXIL, the maker of pioneering water and housing products, continues to advocate for the need for hygiene vigilance. Through its American Standard™ products, one of LIXIL's portfolio global brands, and its complete bathroom solution, the HygieneClean™ System, it is looking to remind consumers to practice good personal [...]
Guar seed futures decline on low demand
New Delhi, Feb 22 (PTI) Guar seed prices on Tuesday went down by Rs 19 to Rs 6,185 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 6,185 down by Rs 19, or 0.31 per cent per 10 quintals [...]
How Low Can Nifty and Sensex Fall If Ukraine Crisis Continues?
Soaring tensions between Russia and Ukraine, inflation and an impeding fed rate hike have investors worried as stock prices are deep in the red. The Sensex has fallen by 1265 points or 2.18% in the last five days while the Nifty 50 index has fallen by 457 points or 2.63%.Foreign Institutional Investors are on a selling [...]
Guar gum futures gain on demand
New Delhi, Feb 22 (PTI) Guar gum prices on Tuesday gained Rs 21 to Rs 11,644 per five quintal in the futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for the March delivery traded higher 0.18 per cent, or Rs 21, to Rs [...]
Agritech startup Krishify raises USD 3.5 mn from investors for business growth
New Delhi, Feb 22 (PTI) Agritech startup Krishify on Tuesday said it has raised USD 3.5 million from investors to grow its business across the country. In August last year, the company had raised USD 2.7 million in a pre-Series A funding round led by Omidyar Network India, Ankur Capital and Orios Ventures. The company [...]
Dhanuka group inks pact with Maharana Pratap Horticultural University, Karnal for joint research
New Delhi, Feb 22 (PTI) Agro-chemicals firm Dhanuka Group on Tuesday signed an agreement with Maharana Pratap Horticultural University (MHU), Karnal to jointly conduct research in crop protection chemicals and in the promotion of modern technology in the agriculture sector.The Memorandum of Understanding (MoU) was signed by A S Tomar, Vice-President & Head, R&D, Dhanuka [...]
Warburg pumps $210 mn into medical devices major Meril
Mumbai, Feb 22 (PTI) Leading global growth investor Warburg Pincus has agreed to pick up a minority stake for USD 210 million (about Rs 1,575 crore) in Micro Life Sciences, the parent firm of the Meril Group, which is the largest medical devices firm in the country. Warburg said the transaction, awaiting CCI approval, will [...]
Numaligarh Refinery to manufacture ethanol out of bamboo
Kolkata, Feb 22 (PTI) Assam-based Numaligarh Refinery Limited (NRL) has collaborated with a Finnish company to manufacture ethanol out of bamboo, a top company official said on Tuesday. Speaking at a CII event virtually, managing director of NRL Bhaskar Jyoti Phukan said the company has invested heavily in a bio-ethanol plant. "We have tied up [...]
PRICES MUM GENERAL OPEN
MUMBAI, FEB 22 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 64656.00 STANDARD GOLD (99.5) : 50345.00 PURE GOLD (99.9) : 50547.00 ------- CALCUTTA BULLION :- N/A.------- --------------- PTI MUM SVC SVC SVC
I-T deptt cautions public against fraudulent job offers
New Delhi, Feb 22 (PTI) Cautioning public against falling prey to fraudulent job offers, the Income Tax Department on Tuesday said aspirants should only consider offers or advertisements on official websites of SSC or the department. "Income Tax Department cautions the public not to fall prey to fraudulent persons misleading job-aspirants by issuing fake appointment [...]
Cosmea Financial launches Torus Private Wealth; targets USD 1 bn in AUM
New Delhi, Feb 22 (PTI) Sam Ghosh promoted Cosmea Financial Holdings (CFH) on Tuesday announced the launch of its wealth management business -- Torus Private Wealth -- with a target of achieving an asset base of USD 1 billion in the next three years. In the first two months since it began its initial operations, [...]
IHCL expands presence in Uttarakhand with new resort
New Delhi, Feb 22 (PTI) Indian Hotels Company Ltd (IHCL) on Tuesday announced the addition of its second hotel in Rishikesh with the signing of a new SeleQtions resort. The formerly operating resort will be rebranded as Anand Kashi, an IHCL SeleQtions resort post renovation. Suma Venkatesh, Executive Vice President – Real Estate & Development, [...]
MUMBAI, FEB 22 (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 74.00 75.50 73.94 75.66 EUR/INR 83.03 85.89 82.96 86.06 GBP/INR 99.97 103.18 99.89 103.39 JPY/INR 64.11 66.29 64.06 66.43 CHF/INR 80.13 83.12 80.06 83.28 AUD/INR 52.76 54.93 52.72 [...]
IT ministry initiates public consultation on draft data accessibility and use policy
New Delhi, Feb 22 (PTI) The IT ministry has come out with a draft policy that proposes a framework for government-to-government data sharing and moots that all data for every government department or its organisation shall be open and sharable by default, with certain riders. The draft 'India Data Accessibility and Use Policy' -- circulated [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, FEB 22 (PTI) Money Market Operations as on FEB 21 2021 (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,34,667.12 3.47 0.25-5.50 I. Call Money 9,147.92 3.33 2.00-3.80 II. Triparty Repo 4,01,740.10 3.48 3.00-3.70 III. Market Repo 1,23,759.10 3.45 0.25-3.80 IV. Repo [...]
Get Samsung Refrigerators on Lowest EMIs Starting Rs. 834 on the Bajaj Finserv EMI Store
Pune, Maharashtra, India (NewsVoir) The Bajaj Finserv EMI Store is offering lucrative deals and cashback offers on the latest Samsung refrigerators. Shoppers can now purchase top-notch Samsung refrigerators on the lowest EMIs starting from Rs. 834 and avail cashback of up to Rs. 3,000 on their purchase. Available in various designs and sizes, Samsung refrigerators [...]
Karan Johar Graces the Cover of Lifestyle Asia India
India – Business Wire India Bollywood filmmaker, television personality, and fashion icon Karan Johar featured in Lifestyle Asia India’s second digital cover. The exclusive photoshoot features Karan wearing some of the most fashionable outfits from his wardrobe. Gracing the cover in a limited-edition piece from the Gucci X Balenciaga Hacker collection, Karan sat down with [...]
Kauvery Hospital Successfully Treats and Restores 8-year-old Child’s Ability to Open her Mouth
Chennai, Tamil Nadu, India (NewsVoir) • The girl was unable to open her mouth due to which she could not eat or chew food and had difficulty in speech • Ear infection - a primary cause for the obstruction in opening of mouth Kauvery Hospital Chennai, a unit of Kauvery Group of Hospitals, a leading [...]
Digital healthcare platform MediBuddy raises USD 125 mn funding
New Delhi, Feb 22 (PTI) Digital healthcare platform MediBuddy on Tuesday said it has raised USD 125 million in funding from Quadria Capital and Lightrock India along with participation from existing investors including Bessemer Venture Partners and India Life Sciences Fund III. The other existing investors in the Series C round included Rebright Partners, JAFCO [...]
Role of Technology & Partnerships in Augmenting Training & Education of Surgeons
India presents a diverse healthcare diaspora. On one side, there are the best of super speciality hospitals which offer a plethora of latest technologies to diagnose and treat patients which are managed by highly skilled medical fraternity. On the other hand, there are significant unmet healthcare needs, diverse disease profiles, a lack of adequate healthcare [...]
Kazakhstan becomes the first country outside Russia to authorize Sputnik M vaccine for adolescents
MOSCOW, Feb. 22, 2022 /PRNewswire/ -- The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) today announced that the Ministry of Health of the Republic of Kazakhstan has authorized the use of Sputnik M Russian vaccine for adolescents aged 12-17. Thus, Kazakhstan has become the first country outside Russia to authorize the use of [...]
Chandigarh University becomes India’s first private university to bag NAAC A+ & NBA accreditations
First Private varsity in Punjab to bag NBA accreditation for all its engineering, MBA Programs CHANDIGARH, India, Feb. 22, 2022 /PRNewswire/ -- Asia's fastest growing higher education institution, Chandigarh University's Engineering and MBA degrees would have international recognition under Washington Accord, as it received accreditation from the National Board of Accreditation (NBA) for all its [...]
All Good Scents Launches AGS Pairing – a First-of-its-Kind Range of Perfumes in India – for Fragrance Pairing
AGS Pairing celebrates experimentation and encourages people to play with different fragrance combinations to create a scent that is unique to them. AHMEDABAD, India, Feb. 22, 2022 /PRNewswire/ -- All Good Scents – India's first contemporary fragrance house – designed to create cruelty-free, vegan, fun-to-use fragrances, has announced the launch of AGSPairing a first-of-its-kind range [...]
NMIMS to hold Virtual Career Fair ‘Mastermind 2022’ on 25 & 26 February
Aims to enable students from both small and large towns to choose the right career and prepare for the new world order. MUMBAI, India, Feb. 22, 2022 /PRNewswire/ -- SVKM's Narsee Monjee Institute of Management Studies (NMIMS) is conducting Mastermind 2022 - India's biggest virtual Career Fair on 25th & 26th February 2022 from 10 [...]
Did Rakesh Jhunjhunwala’s bet on this stock go wrong?
Rakesh Jhunjhunwala backed gaming stock Nazara Technologies Limited bled 45% in 4 months.Ace investor Rakesh Jhunjhunwala held a 10.1% stake in the company as of December 31 and as per sources, he reduced his stake recently.Currently, the stock is trading at 8.83 times its book value, but its already low promoters holdings have decreased by [...]
Jet Airways appoints former SriLankan Airlines’ CEO Vipula Gunatilleka as Chief Financial Officer
Mumbai, Feb 22 (PTI) Jalan-Kalrock consortium-owned Jet Airways on Tuesday announced the appointment of former SriLankan Airlines' CEO, Vipula Gunatilleka as the Chief Financial Officer. "We are excited to welcome Vipula Gunatilleka to our young and energetic team. Vipula is an aviation expert and regarded as a turnaround specialist in the industry. "He has been [...]
Private sector AI players must play greater role in India’s growth story: Indian-American expert
Washington, Feb 22 (PTI) Asserting that artificial intelligence is a promising area for India's future, a renowned Indian-American expert has urged Prime Minister Narendra Modi to not only rope in but also encourage and motivate the private sector to build applications for healthcare, education and banking sectors for the benefit of India’s rural population. AI [...]
Avail an Exciting Discount of up to Rs. 3,000 on the Purchase of Sleepyhead Mattress from the Bajaj Finserv EMI Store
Buy Sleepyhead mattress with No Cost EMI and avail of other discounts and cashback offers at the Bajaj Finserv EMI Store Pune, Maharashtra, India (NewsVoir) Improve your sleep and comfort with the Sleepyhead mattress available at exciting discounts on the Bajaj Finserv EMI Store. It is now pocket-friendly to buy Sleepyhead mattresses on EMIs starting [...]
Prof. (Dr.) Sanjeev P. Sahni appointed as ‘Professor of Eminence’ by Guru Nanak Dev University
Dr. Sahni joins an elite list of scholars extraordinaire who have been awarded the position based on their outstanding work in academia Friday, February 22: In a significant decision by the Guru Nanak Dev University syndicate, Professor (Dr.) Sanjeev P. Sahni, Principal Director, Jindal Institute of Behavioural Sciences (JIBS), has been appointed as 'Professor of [...]
Envisage Designs Easy to Change Office Layouts for the New Hybrid Mode of Work
NEW DELHI, Feb. 22, 2022 /PRNewswire/ -- Small scale offices have risen to an increasing demand in the current times. The advent of the pandemic, the sudden growth in small businesses and the boom in startups have all made the need for small offices evident. After schools, offices were affected the most due to the [...]
Kia India crosses 5 lakh dispatch mark from Anantapur plant in Andhra
New Delhi, Feb 22 (PTI) Automaker Kia India on Tuesday said it has crossed five lakh units in terms of dispatch across domestic and export markets from its Anantapur plant in Andhra Pradesh. With this, the company has also surpassed the four lakh sales milestone in the country and has already exported over one lakh [...]
Procter & Gamble India extends medical and other benefits to partners of its LGBTQ+ employees
New Delhi, Feb 22 (PTI) FMCG maker Procter & Gamble India on Tuesday said it will extend all company-offered financial and medical benefits to the partners of its LGBTQ+ employees.Earlier these benefits were available to spouses of married employees and will now be extended to the partners of LGBTQ+ (lesbian, gay, bisexual, transgender and queer+) [...]
heyy, disruptive mental healthcare app, raises pre-seed funding
• $555,000 USD invested by Wavemaker Partners in pre-seed round • heyy, is backed by prominent Angel Investors from start-up, VC community • 10% - 14% employees of an organisation use heyy, when it is introduced MUMBAI, India, Feb. 22, 2022 /PRNewswire/ -- heyy, India's leading mental healthcare app, today announced it has raised US$555,000 [...]
ZFunds launches Rs 100 daily mutual fund SIP for people in rural areas, small towns
New Delhi, Feb 22 (PTI) Mutual fund distribution platform, ZFunds, on Tuesday announced the launch of Rs 100 daily mutual fund SIP, which is conceptualised specifically for people residing in rural areas and small towns. The initiative is launched in collaboration with ICICI Prudential Mutual Fund, HDFC Mutual Fund, and Tata Mutual Fund, ZFunds said [...]
Velocity Clinical Research invests in Indian tech, acquires TrierHealth
DURHAM, N.C., Feb. 22, 2022 /PRNewswire/ -- US-based Velocity Clinical Research ("Velocity"), the world's largest fully integrated clinical site organization, today announces its acquisition of TrierHealth, digital clinical trials platform whose R&D team operates out of Hyderabad, India, to develop patient-focused technology. TrierHealth's founder, Raghu Punnamraju, will become Velocity's Chief Technology Officer. The investment in [...]
IDFC FIRST Bank MD & CEO gifts shares worth over Rs 3.95 cr to trainer, driver, support staff
IDFC FIRST Bank MD and CEO V Vaidyanathan has gifted 9 lakh shares of the bank held by him, worth over Rs 3.95 crore, to five individuals, including his trainer, househelp and driver, to help them purchase homes. These five people are unrelated to the top official of the private sector bank. Earlier too, he [...]
Provided info sought by Enforcement Directorate, says Indiabulls Housing Fin
Indiabulls Housing Finance Ltd on Monday said the Enforcement Directorate (ED) has sought some information about certain clients, and the matter relates to an old FIR filed against the company by one individual with "malicious" intent. "Enforcement Directorate has sought some information regarding certain clients and the matter originates from ECIR No. 07/HUI/2021 filed by [...]
Analysts give a buy call to this Power Company which has Given 150% returns in 1 yr
Stock Broker’s Share Khan and Anand Rathi have given a buy rating.The Sensex has gained 7939.27 points since last year, or it has grown by 15.96% While Tata Power has gained a whopping 149.50% considering Monday’s closing price, for the same period.Its consolidated revenue went up by 42% to ₹11,015 crores from ₹7,756 crores a [...]
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Mubadala leads a $500M+ equity round into Princeton Digital Group, the leading pan-Asia data center company
Warburg Pincus and Ontario Teachers', both existing shareholders in PDG, also invest in this round SINGAPORE, Feb. 22, 2022 /PRNewswire/ -- Singapore-based Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for $350M. Both existing shareholders in PDG, Warburg Pincus and Ontario Teachers' Pension Plan Board [...]
CGST finds Input Tax Credit fraud of Rs 81 cr; Navi Mumbai firm director held
Thane, Feb 21 (PTI) The CGST Mumbai Zone has arrested the director of a Navi Mumbai-based firm that allegedly availed and passed on Input Tax Credit of Rs 81 crore using bogus invoices to the tune of Rs 479 crore, an official said on Monday. A CGST release said searches were conducted at various locations [...]
NABARD projects Rs 6 lakh crore credit outlay for priority sectors in Maharashtra
Mumbai, Feb 21 (PTI) The National Bank for Agriculture and Rural Development (NABARD) on Monday projected a credit outlay of Rs 6.13 lakh crore for priority sectors in Maharashtra in the next financial year. A 'State Focus Paper' projecting a potential credit outlay of Rs 6,13,503 crore to priority sectors by NABARD was launched by [...]
TCS launches digital innovation centre in Sydney
New Delhi, Feb 21 (PTI) Tata Consultancy Services (TCS) on Monday announced the launch of its Sydney Digital Garage to help customers in Australia and New Zealand leverage co-innovation and accelerate digital transformation. The advanced research hub is designed to holistically look at innovation, helping businesses establish their competitive differentiation, increase speed to market, and [...]
CEPA will safeguard farmers, boost food processing sectors: Goyal
Mumbai, Feb 21 (PTI) The India-UAE Comprehensive Economic Partnership Agreement will boost the food processing sector while protecting the interest of farmers in India, Union Commerce and Industry Minister Piyush Goyal said on Monday. Goyal, while interacting with industry representatives here, assured that farmers have been fully protected in the India-UAE CEPA while the food [...]
SC to hear review plea filed by Cyrus Investments in open court on March 9
New Delhi, Feb 21 (PTI) The Supreme Court has agreed to hear in open court a review plea filed by Cyrus Investments Limited against its order setting aside appellate tribunal NCLAT's order which had restored Cyrus Mistry as the executive chairman of the Tata group.A three-judge bench of Chief Justice N V Ramana, Justice A [...]
SBI Life to reclassify BNP Paribas Cardif as non-promoter
New Delhi, Feb 21 (PTI) SBI Life Insurance Company (SBI Life) on Monday said its promoter BNP Paribas Cardif, holding 0.2 per cent share capital, has requested to be reclassified as a public shareholder. "The company has received request from BNP Paribas Cardif, one of the promoters of the company, holding 0.20 per cent of [...]
Adani, Ballard Power to explore investment in hydrogen fuel cell
New Delhi, Feb 21 (PTI) Adani Group and Ballard Power Systems have joined hands to evaluate a joint investment in hydrogen fuel cells manufacturing in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India, Adani group said in a statement. Hydrogen is increasingly [...]
LIC wants to remain IDBI Bank shareholder for bancassurance benefits
New Delhi, Feb 21 (PTI) IPO-bound Life Insurance Corporation (LIC) on Monday said it would like to retain some stake in IDBI Bank so that the insurer continues to reap the benefits of the bancassurance channel. IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional [...]
BNP Paribas Arbitrage buys L&T Finance Holdings shares worth Rs 413 cr
New Delhi, Feb 21 (PTI) BNP Paribas Arbitrage on Monday bought shares of L&T Finance Holdings worth nearly Rs 413 crore through an open market transaction. As per block deal data on BSE, over 5.78 crore shares were purchased at an average price of Rs 71.35 apiece. This took the total deal value to Rs [...]
Profits of insurers, manufacturing firms cannot be compared, says LIC chief
New Delhi, Feb 21 (PTI) LIC Chairman M R Kumar on Monday said profits of insurance companies cannot be compared with that of manufacturing companies as dynamics of the businesses are different. "Profit of insurance companies compared to other companies like manufacturing are different. In terms of surplus generation, more than Rs 50,000 crore (has [...]
HUL working to become ‘intelligent enterprise’ to keep up with changing needs: CMD Sanjiv Mehta
New Delhi, Feb 21 (PTI) FMCG major HUL is working to create an ‘intelligent enterprise’, moving away from the traditional linear value chain to a non-linear ecosystem to stay abreast of the changing needs, said Chairman and Managing Director Sanjiv Mehta on Monday. While addressing an AIMA event, he also welcomed the government steps to [...]
LIC largest holder of G-secs, equities, household savings: Report
Mumbai, Feb 21 (PTI) The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities, the largest fund manger as well as holder of household savings, dwarfing even SBI deposits, as per a report. Holding [...]
High court quashes Rs 684 cr tax demand notice against co, says CG Power & Industrial Solutions
New Delhi, Feb 21 (PTI) CG Power and Industrial Solutions on Monday said that the Bombay High Court has quashed an assessment order of Rs 684.08 crore against the company issued by the I-T department. The court quashed the tax demand notice during a hearing on Monday, a regulatory filing by the company stated. "Further [...]
Novelis to build $50 million recycling, casting centre in South Korea
New Delhi, Feb 21 (PTI) Novelis Inc, a subsidiary of Hindalco Industries, will build a USD 50 million (around Rs 373 crore) recycling and casting centre in South Korea to expand low carbon aluminium production. Fully funded by Novelis, the Ulsan Recycling Centre will have an annual casting capacity of 100 kilotonne of low-carbon sheet [...]
HFCL joins O-RAN Alliance to speed up open innovation in 5G
New Delhi, Feb 21 (PTI) HFCL Limited on Monday announced it has joined the O-RAN Alliance, a global community of mobile network operators, vendors, research and academic institutions operating in the Radio Access Network (RAN) industry. As an O-RAN Alliance member, HFCL would focus on contributing to standards that ensure a true open and multi-vendor [...]
THSTI, Panacea Biotec to jointly develop betacoronavirus vaccines
New Delhi, Feb 21 (PTI) Translational Health Science and Technology Institute (THSTI), an autonomous body under the Department of Biotechnology, and Panacea Biotec are developing a vaccine that would offer "broad protection" against SARS-CoV-2 variants and other betacoronaviruses, with financial support from the Coalition for Epidemic Preparedness Innovations (CEPI). "CEPI will provide funding of up [...]
Skill India efforts need to be integrated with education: Minister
New Delhi, Feb 21 (PTI) The endeavours under the government's flagship Skill India mission need to be integrated with education to ensure that students can easily access the skill ecosystem, Union Minister Rajeev Chandrasekhar said on Monday. He was addressing a post-Budget webinar on fostering strong Industry-Skill Linkage. “We need to build on what we [...]
Sri Lanka returns last garbage containers containing clinical waste, used carpets, mattresses imported from UK
Colombo, Feb 21 (PTI) Sri Lanka on Monday shipped out to the UK the last 45 containers containing hazardous garbage, including clinical waste, used cushions and mattresses, that arrived from Britain, according to media reports.The containers were part of 263 containers imported to Sri Lanka in 2019. A local company said that the waste had [...]
Sintex Industries lenders to seek extra time from NCLT for completing resolution process
New Delhi, Feb 21 (PTI) Lenders of Sintex Industries will approach the National Company Law Tribunal (NCLT) to seek an extension of time for the completion of the Corporate Insolvency Resolution Process (CIRP) and select a bidder for the debt-ridden textiles maker. The Committee of Creditors (CoC) in a meeting held on Monday "discussed and [...]
Trust, confidence in financial markets critical to gain traction among investors: FM
Mumbai, Feb 21 (PTI) Finance Minister Nirmala Sitharaman on Monday emphasised that trust and confidence in the financial markets are critical to gain traction among investors. During an interaction with leaders of the financial and capital markets here, Sitharaman also asked them to explore ways to further strengthen the sector, according to an official [...]
Hero MotoCorp appoints Ranjivjit Singh as Chief Growth Officer
New Delhi, Feb 21 (PTI) Hero MotoCorp on Monday said it has created a new position, titled Chief Growth Officer, integrating the marketing, sales and after-sales functions and has appointed Ranjivjit Singh to the post with immediate effect. Singh, who has been heading the marketing function at the two- wheeler major, is being elevated to [...]
Contract drug maker V-Ensure gets Rs 130 cr from Investcorp, Tanas Capital
Mumbai, Feb 21 (PTI) V-Ensure Pharma Technologies, which is into contract drug manufacturing, has raised Rs 130-crore (USD 17.5 million) from global alternative investment firm Investcorp and Asia-based private investment firm Tanas Capital. For Investcorp this is the third healthcare investment in the country and its first in the pharmaceutical sector, the firm said in [...]
PMJJBY policyholders eligible for LIC IPO at discount
New Delhi, Feb 21 (PTI) Subscribers of Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are eligible for LIC initial public offering at a discount, Chairman of insurance company M R Kumar said on Monday. "PMJJBY is part of that and reservation will be there (for the policyholders)," Kumar said in an interaction with the media. [...]
Dubai Expo: India invites global investors to tap opportunities in agri-supply chain
New Delhi, Feb 21 (PTI) India on Monday called upon global investors at the ongoing Dubai Expo to invest in the country's agriculture supply chain while highlighting the export potential of organic products. Addressing a seminar on the opportunities and export potential that Indian agriculture offers, P K Swain, additional [...]
‘e6 – India’s first model to adopt BYD blade battery technology’
Chennai, Feb 21 (PTI) BYD (Build Your Dreams) India, a subsidiary of the Warren Buffett-backed EV maker BYD, on Monday announced e6, the country's first premium eMPV launched by it recently for the B2B segment, is India's first model to be powered by its 'revolutionary' Blade Battery. e6, India's first premium electric multi purpose vehicle [...]
NHPC’s Sewa-II hydro power plant resumes power generation
New Delhi, Feb 21 (PTI) State-run power giant NHPC on Monday said its 120 MW Sewa-II power station in Mashka in Union Territory of Jammu and Kashmir has resumed power generation. "Sewa-ll Power Station (3 x 40 MW), Mashka (UT of J&K) which was under complete shutdown from September 25, 2020 due to damage of [...]
Contract drug maker E-Ensure gets Rs 130 cr from Investcorp, Tanas Capital
Mumbai, Feb 21 (PTI) E-Ensure Pharma Technologies, which is into contract drug manufacturing, has raised Rs 130-crore (USD 17.5 million) from global alternative investment firm Investcorp and Asia-based private investment firm Tanas Capital. For Investcorp this is the third healthcare investment in the country and its first in the pharmaceutical sector, the firm said in [...]
Govt’s paddy procurement at 695.67 lakh tonne so far in 2021-22 season
New Delhi, Feb 21 (PTI) The Centre has procured 695.67 lakh tonne of paddy so far in the ongoing 2021-22 marketing year at minimum support price (MSP) from over 94 lakh farmers across the country, the food ministry said on Monday. "Till now about 94.15 lakh farmers have been benefited with an MSP value of [...]
India-made stimulants, COVID-related drugs dominate illegal imports in Switzerland
New Delhi/Bern, Feb 21 (PTI) A large number of illegally imported drugs in Switzerland have been found to have been sent from India, including medicines connected with the COVID-19 pandemic including ivermectin and hydroxychloroquine as also erectile stimulants, a Swiss government agency said on Monday. In its annual update, the Swiss Agency for Therapeutic Products [...]
Undersea cable push: Airtel joins SEA-ME-WE-6 consortium; Jio’s IAX project to land in Maldives
New Delhi, Feb 21 (PTI) Bharti Airtel on Monday announced it has joined SEA-ME-WE-6 undersea cable consortium, participating as a major investor, while Reliance Jio said it will land its India-Asia-Xpress (IAX) undersea cable system in Hulhumale, Maldives. In a day of twin developments, the two large operators came out with separate announcements related to [...]
Women reluctant to join company boards, difficult to find those who are interested: Sitharaman
Mumbai, Feb 21 (PTI) Union Finance Minister Nirmala Sitharaman on Monday rued that women are reluctant to join company boards and she has herself struggled to convince candidates. The remarks come even as the statutes mandate top 1,000 companies to have at least one independent woman director. "I have actually made a lot of attempts [...]
Cairn Vedanta makes oil discovery in Rajasthan block
New Delhi, Feb 21 (PTI) Vedanta group firm Cairn Oil & Gas on Monday announced an oil discovery in a Barmer district block of Rajasthan, not very far away from its prolific oilfield in the same desert. In a stock exchange filing, the firm said it has notified the government and the Directorate General of [...]
Truecaller, CyberPeace Foundation team up for campaign on online safety
New Delhi, Feb 21 (PTI) Truecaller, a global platform for verifying contacts and blocking unwanted communication, has joined hands with CyberPeace Foundation to launch #TrueCyberSafe campaign focused on online safety. The joint initiative aims to create awareness and train people to tackle cyber frauds, to facilitate a safer communication experience, according to a statement. "Truecaller [...]
IIFL Home to get Rs 500 cr loan from ADB for lending to lower-income women borrowers
New Delhi, Feb 21 (PTI) ADB on Monday said it will provide USD 68 million (over Rs 500 crore) loan to IIFL Home Finance for lending to lower-income women borrowers for affordable green housing. The loan comprises a direct ADB loan of up to USD 58 million and a USD 10 million concessional loan by [...]
Planet Smart City plans to raise 60 mln euros to expand business in India, other countries
New Delhi, Feb 21 (PTI) London-based proptech firm Planet Smart City plans to raise 60 million euros (nearly Rs 510 crore) to grow its business across many countries, including India. Planet Smart City, a global leader in smart affordable housing, said in a statement on Monday that it has launched a "€60 million capital raise [...]
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