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Solar stock hits 5% upper circuit after receiving ₹154 Cr order from Ahmedabad Govt.
Shares of this solar stock hit the upper price band on Tuesday, despite volatile market conditions after securing an order of Rs.154.27 crore for the establishment and commissioning of Grid Tied 30MW Ground Mounted Solar Projects in the state of Gujarat. Price Movement In Tuesday's trading session, Zodiac Energy Limited's share price reached the 5 [...]
Transformer stock in which FII and DIIs have increased stake in the company
During the trading session of Tuesday, the shares of a prominent player in the manufacturing of transformers and reactors in India surged by 1.5 percent to Rs. 650 on BSE. Stock Performance: With a market capitalisation of Rs. 9,485.2 crores, the shares of Transformers & Rectifiers India Limited (TRIL) opened in the green at Rs. [...]
Growth stocks trading at discount of 25% to look out for
Growth stocks are shares in companies that are anticipated to grow at a significantly higher rate than the average market growth. Such stocks are expected to increase their revenues and earnings at a faster pace compared to the overall market or their industry peers. These stocks typically do not pay dividends, as the companies prefer [...]
IT stocks to buy now for an upside of 20%; Do you own any?
According to IBEF, The Information Technology (IT) sector in India is projected to reach $138.6 billion in FY24, reflecting an 11.1% growth from the previous year. Major players like TCS, Infosys, and Wipro are driving this expansion, with significant investments in AI and cloud technologies shaping the industry's future. Here are the IT stocks to [...]
PSU stock hits 5% lower circuit after SBI labels its assets as non-performing
The shares of a telecom service provider hit a 5% lower circuit after being officially classified as a Non-Performing Asset (NPA) by the State Bank of India against a term loan of Rs. 325.52 crores. Share price variations: With a market capitalization of Rs. 3,281.67 crores, Mahanagar Telephone Nigam Limited (MTNL) hit the 5% lower [...]
Will OLA Electric win the EV race?
Ola Electric's stock price has hit a lifetime low, falling over 9 percent to approximately Rs.89.55 per share amid ongoing service issues and a significant decline in market share1. The company reported a drop in sales, with only 22,800 units sold in September, down from 41,732 units in July, raising concerns about its competitive position [...]
EV stock in focus after receiving order to set up 20 EV charging stations in Nashik
EV stock engaged in the business of providing end-to-end solutions for the manufacturing, procurement, and distribution of advanced EV Chargers, solar systems, and many more in focus upon receiving additional work orders to setup EV Charging Stations in Nashik. Price Action With a market capitalization of Rs. 3,798 Crores, the shares of Servotech Power Systems [...]
Stock jumps 14% after company announces 72% YoY revenue growth in H1FY25
This micro-cap electrical equipment manufacturer's share rose by 14.5% on Monday afternoon after it announced the first half FY 2025 Revenues with 72% year over year growth. Price Movement: The Shares of Shivalic Power Control Ltd, with a market capitalization of Rs. 497 Crores, rose drastically to Rs. 221 per share from Rs. 193.05 during [...]
EV stock in focus after receiving order worth ₹150 Cr for 180 EVs from BillionE
The shares of this commercial vehicle manufacturing company fell around 2 percent despite receiving an order for 180 Electric Trucks valued at approximately Rs. 150 crores. In one year, the stock has delivered around a 30 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 65,159 crores, the shares of Ashok [...]
Smallcap hits 5% upper circuit after Ashish Kacholia buys fresh stake in the company
Smallcap stock engaged in manufacturing transmission line towers, sub-stations, railway electrification structures, and many more hit a 5 percent upper circuit in the day’s trade after Ashish Kacholia made a fresh investment in it. Price Action With a market capitalization of Rs. 2,343 Crores, the shares of Jyoti Structures Limited hit a 5 percent upper [...]
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Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
1,200 CNG pumps in Gujarat observe two-hour strike to demand hike in commission
Ahmedabad, Feb 17 (PTI) Nearly 1,200 CNG dealers in Gujarat on Thursday observed a symbolic strike of two hours on Thursday demanding a hike in the commission they receive on the sale of the automotive gas through their pumps. The call for a strike between 1 pm and 3 pm was given by the Federation [...]
Nepal’s ruling coalition divided on endorsing US-funded MCC
Kathmandu, Feb 17 (PTI) Nepal's ruling coalition on Thursday failed to reach consensus on whether to present in Parliament the Millennium Corporation Challenge (MCC), a contentious USD-500 million infrastructure grants programme by the US. The tabling of the MCC was discussed by Prime Minister Sher Bahadur Deuba, CPN-Maoist Centre leader Pushpakamal Dahal "Prachanda" and CPN-Unified [...]
Civil aviation ministry removes curbs on number of flights between India-Ukraine
New Delhi, Feb 17 (PTI) Amid tense situation in Ukraine, the Ministry of Civil Aviation has removed the curbs on the number of flights that can be operated between India and the Eastern European nation under the bilateral air bubble arrangement to facilitate travel of Indians from that country. Besides, the cap on the number [...]
B2B etailer Elasticrun raises USD 330 mn, eyes $10bn GMV in 4yrs
New Delhi, Feb 17 (PTI) B2B e-commerce platform Elasticrun has raised USD 330 million from Softbank and others and looks to achieve a gross merchandise value in the next four years, a top company official said on Thursday. SoftBank Vision Fund 2 led the investment round by infusing USD 200 million in Elasticrun while Naspers, [...]
Metaverse to push data usage by 20X in 10 years; Jio, Airtel to gain: Report
New Delhi, Feb 17 (PTI) The transition of digital ecosystem to metaverse, where a person will feel immersed in a virtual world, will push data usage by 20 times across the globe by 2032 and telecom operators Bharti Airtel and Reliance Jio are suitably placed to benefit from the surge in India, Credit Suisse said [...]
Gadkari pitches for Ratnagiri petrochemical project in Vidarbha
Nagpur, Feb 17 (PTI) Union minister and Nagpur MP Nitin Gadkari has pitched for the establishment of a refinery and petro chemical complex (RPC) project in Vidarbha region which was planned in Ratnagiri in Maharashtra and is stalled for various reasons. Gadkari has written a letter to Petroleum Minister Hardeep Singh Puri on February 14 [...]
Ambuja Cements to invest Rs 3,500 cr for raising cement grinding capacity
New Delhi, Feb 17 (PTI) Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday announced an investment of Rs 3,500 crore for expansion of its cement grinding capacity. "The board has approved in principle an investment of Rs 3,500 crore for a cement grinding expansion plan of potential 7.0 [...]
IT cos to hire 3.6 lakh freshers by March, says report
New Delhi, Feb 17 (PTI) Indian IT companies are expected to hire about 3.6 lakh freshers in the services industry during the current financial year, market intelligence firm Unearthinsight said on Thursday. The report on IT industry insights and forecast said that the IT sector continues to witness an uptrend in attrition with 22.3 per [...]
Jio’s subscriber losses pull down India’s mobile user tally in Dec: Trai data
New Delhi, Feb 17 (PTI) The mobile user count in India fell by staggering 1.28 crore in December 2021 compared to the previous month, with Reliance Jio and Vodafone Idea suffering subscriber losses, even as Bharti Airtel added customers, Trai data showed on Thursday. Loss of mobile subscribers by Jio (1.29 crore users in the [...]
Industry raises concerns over related party transaction norms
New Delhi, Feb 17 (PTI) India Inc has raised concerns over some of the new related party transaction (RPT) rules prescribed by market regulator Sebi which will come into effect from April this year. According to documents accessed by PTI, industry chambers Ficci and CII have suggested that the provisions be relaxed/clarified, observing that the [...]
Vistara plane makes emergency landing at Delhi airport; DGCA probing incident
New Delhi, Feb 17 (PTI) An Amritsar-bound Vistara plane, carrying 146 passengers, on Thursday made an emergency landing at the airport in the national capital soon after take off due to a technical snag and aviation regulator DGCA is probing the incident, according to officials. The officials said the aircraft suffered hydraulic power failure and [...]
China criticises India’s latest ban on 54 more Chinese mobile apps
Beijing, Feb 17 (PTI) China on Thursday criticised India's latest decision to block access to 54 more Chinese mobile apps over security and privacy concerns, saying that the move has damaged the legitimate interests of companies from China. India on Monday blocked 54 more apps with Chinese links, including Tencent Xriver, Nice Video baidu, Viva [...]
Global demand boosts cotton price: Survey
Coimbatore, Feb 17 (PTI) The farm gate price of good quality cotton during March to June this year would be between Rs 7,500 to Rs 8,000 per quintal, according to a market survey conducted by Tamil Nadu Agricultural University here. Increase in demand due to higher consumption estimates across the globe, increased exports from India [...]
Ambuja Cements Q4 Results: Consolidated net profit declines 55.5%
Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday reported a decline of 55.48 per cent in its consolidated net profit to Rs 430.97 crore for the fourth quarter ended December 31, 2021. The company, which follows the January-December financial year, had clocked a net profit of Rs 968.24 [...]
Industry welcomes National Hydrogen Policy
New Delhi, Feb 17 (PTI) Renewable energy companies on Thursday welcomed National Hydrogen Policy but sought clarity on charges for intra-state wheeling of electricity. Manoj K Upadhyay, founder and chairman, ACME Group said, the policy is the first concrete step in the direction of creating a favourable regulatory and enabling environment for the green hydrogen [...]
Govt signs MoU with Alliance Air to boost tourism in India
New Delhi, Feb 17 (PTI) The Union Ministry of Tourism (MoT) signed a memorandum of understanding (MoU) with Alliance Air Aviation Limited (AAAL) on Thursday to boost tourism throughout the country.The ministry endeavours to position India as a preferred destination in the tourism-generating markets, whereas AAAL, with its vast domestic network, plays a vital role [...]
I-T dept raids premises of former NSE MD Chitra Ramkrishna, operating officer Subramanian
New Delhi/Mumbai, Feb 17 (PTI) The Income Tax Department on Thursday raided the premises of former NSE MD and CEO Chitra Ramkrishna and group operating officer Anand Subramanian in Mumbai and Chennai as part of a tax evasion investigation against them, official sources said. The searches were aimed at checking and gathering evidence against the [...]
Samsung to start selling premium Galaxy S22 series from March 11
New Delhi, Feb 17 (PTI) South Korean electronics major Samsung on Thursday unveiled smartphone Galaxy S22 Ultra series in the ultra premium segment which it plans to start selling in the country from March 11. The company unveiled six high-end smartphones in the Galaxy S22 series in the price range of Rs 72,999-Rs 1,18,999 apiece. [...]
Free wheeling of power, open access in National Hydrogen Policy
New Delhi, Feb 17 (PTI) The government on Thursday allowed free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia as it seeks to boost usage of the carbon-free fuel and make India an export hub. Unveiling the first part of the much-awaited National Hydrogen Policy, Power and New and [...]
Wealth management start-up Fintso looking at USD 10-mn funding
Mumbai, Feb 17 (PTI) Fintso, the start-up focused on financial advisors in the wealth management space, is looking at raising at least USD 10 million from venture capital funds by late-March or early-April. The API-based platform-as-a-service for financial advisors and their clients was launched by George Mitra, who was the chief executive of Avendus Wealth, [...]
Karnataka invites Taiwanese companies to invest in Karnataka, promises all support
Bengaluru, Feb 17 (PTI) Karnataka Large and Medium Industries Minister Murugesh Nirani on Thursday invited Taiwanese companies to make investment in the state and promised to extend all the support and cooperation from the government. The Minister offered support during a meeting with the high-level Taiwanese delegation on Thursday here, his office said in a [...]
Free wheeling of power, open access in National Hydrogen Policy
New Delhi, Feb 17 (PTI) The government on Thursday allowed free inter-state wheeling of renewable energy used in the production of green hydrogen and ammonia as it seeks to boost usage of the carbon-free fuel and make India an export hub. Unveiling the first part of the much-awaited National Hydrogen Policy, Power and New and [...]
Sa-Dhan introduces credit assessment framework for microfinance borrowers
Mumbai, Feb 17 (PTI) Sa-Dhan, a self-regulatory organisation for the microfinance sector, Thursday said it has introduced the credit assessment framework (CAF) for microfinance borrowers. Over the past one-and-a-half years, Sa-Dhan has worked to introduce a conducive and effective framework that will enable income assessment and risk profiling of borrowers, according to a statement. The [...]
Hindujas-backed MindMaze secures USD 105 million funding
New Delhi, Feb 17 (PTI) Hindujas-backed digital neuro-therapeutics solutions provider MindMaze on Thursday said it has secured a USD 105 million (over Rs 785 crore) financing led by Concord Health Partners, a US-based healthcare private equity firm. The round also witnessed participation from London-based Hambro Perks and other family office investment groups, the company said [...]
Greater confidence now of co-existing with virus: HDFC Deepak Parekh
Mumbai, Feb 17 (PTI) HDFC Chairman Deepak Parekh on Thursday said after almost two years into the pandemic, there is now greater confidence of co-existing with the virus and the optimism of a return to near normalcy. "After nearly 24 gruelling months of the pandemic, there is now greater confidence of co-existing with the virus [...]
Apollo joins hands with Marafon group to enter Uzbekistan
New Delhi, Feb 17 (PTI) Apollo Hospitals on Thursday said it has inked a pact with Marafon Group to make a foray into Uzbekistan. The leading healthcare provider has inked a memorandum of understanding (MoU) with Marafon Group for setting up a first-of-its-kind tertiary care hospital. The Marafon Group already operates over nine medical and [...]
FHRAI urges states to lift all curbs on hotels, restaurants
New Delhi, Feb 17 (PTI) Hospitality industry body FHRAI on Thursday urged state governments to lift all restrictions on hotels, restaurants and venues in line with the Centre's guidance to states on easing of additional COVID-19 curbs. On Wednesday, the Centre asked states and union territories to review, amend or do away with additional COVID-19 [...]
DFS Secy Sanjay Malhotra nominated on SBI board as director
New Delhi, Feb 17 (PTI) State Bank of India (SBI) on Thursday said the government has nominated Financial Services Secretary Sanjay Malhotra as a director on its board. The country's largest lender said it received a notification from the Department of Financial Services, Ministry of Finance, informing about the nomination on February 16, 2022. "(T)he [...]
Bombay Scottish School to complete 175 years on Friday
Mumbai, Feb 17 (PTI) Bombay Scottish School, established in February 1847 by Scottish missionaries as a boys' orphanage for their Presbyterian soldiers, will complete 175 years of its establishment on Friday. The second oldest school in the megapolis is the alma mater of many personalities like NSE chief executive Vikram Limaye, and many film stars, [...]
Malicious falsehood cannot become freedom of speech: Delhi HC
New Delhi, Feb 17 (PTI) The Delhi High Court has said that malicious falsehood cannot become freedom of speech and directed the competitor of a coaching institute to take down portions of its YouTube video alleging falsities against the rival. Justice Asha Menon, who was dealing with a lawsuit by FIITJEE against the defendant [...]
Gadkari inaugurates, lays foundation stone of Rs 21,559-cr NH projects in Andhra Pradesh
New Delhi, Feb 17 (PTI) Union Minister for Road Transport and Highways Nitin Gadkari on Thursday inaugurated and laid the foundation stone of 51 national highway projects with an investment of Rs 21,559 crore in Vijaywada, Andhra Pradesh. The total length of national highway projects is 1,380 km, the Ministry of Road Transport & Highways [...]
Pak PM Imran to take up agenda of 2 mega gas pipeline projects in Russia
Islamabad, Feb 17 (PTI) Pakistan Prime Minister Imran Khan will take up the agenda of two mega gas pipeline projects during his planned first visit to Russia this month for a key meeting with President Vladimir Putin, a media report said on Thursday. Quoting diplomatic sources, The Express Tribune newspaper reported that Pakistan and Russia [...]
Mandatory health check-ups above 30 years of age important to prevent heart failure amongst youngsters
Heart failure is a growing public health problem and considered to be the most common cause of hospitalizations among patients of 65 years and older of both sexes. However, the trend can be seen where the lifetime risk of developing heart failure for those over the age 40 years is rising. The increasing prevalence of [...]
PLI scheme to unlock India’s manufacturing capacity: Icra
New Delhi, Feb 17 (PTI) The government's ambitious production-linked incentive (PLI) scheme will look to unlock manufacturing capacity as well as support in attracting about Rs 4 lakh crore of capital expenditure over the next five years, rating agency Icra said on Thursday. With an aim to boost manufacturing, employment generation, import reduction and exports [...]
Realty developers afflicted with low returns, should not list on bourses: Jhunjunwala
Mumbai, Feb 17 (PTI) Ace investor Rakesh Jhunjunwala on Thursday said real estate developers are afflicted with very low return on capital as compared to bluechip stocks. Jhunjunwala, who runs RARE Enterprises and is set to be a major shareholder in an upcoming airliner, said only the affordable housing developers can look at listing because [...]
Akshaya Patra, NTT Ltd hand out 235 Android tablets to govt school students in Bengaluru
Bengaluru, Feb 17 (PTI) The Akshaya Patra Foundation and NTT Limited on Thursday collaborated to provide Android tablets to 235 students of Government Girls High School and Government Girls PUC in Basavanagudi here to mark the launch of the organisation's Digital Education Initiative. Akshaya Patra is implementing the initiative with the support of corporate donors [...]
Vivo V23 5G on Sale in India, Check Price, Specifications, and Other Details
Pune, Maharashtra, India (NewsVoir) Shop for the latest Vivo V23 5G on the Bajaj Finserv EMI Store using your EMI Network Card and get your product delivered to you for free. Now, you can purchase the Vivo V23 on EMI on the Bajaj Finserv EMI Store at a starting EMI of Rs. 1,999. Hurry up, [...]
Free wheeling of power under National Hydrogen Policy: Singh
New Delhi, Feb 17 (PTI) The government on Thursday unveiled the first part of the much-awaited National Hydrogen Policy, allowing free wheeling of renewable energy used for producing green hydrogen. Power and New and Renewable Energy Minister Raj Kumar Singh said the policy will help lower the cost of producing carbon-free green hydrogen. Under the [...]
NEWSALERT
National Hydrogen Policy to allow open access, free wheeling of renewable energy for producing green hydrogen: Power Minister. PTI MBI ANZ RAM
Employers’ intent to hire freshers rises by 30% for Jan-Jun: Report
New Delhi, Feb 17 (PTI) There is a 30 per cent spike in the intent to hire freshers in the January-June period of this year, as compared to the previous half year, indicating a significant recovery in economic activity, a report said on Thursday. According to TeamLease EdTech's flagship 'Career Outlook Report', more than 47 [...]
MUMBAI, FEB 17 (PTI)
METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 746.00 COPPER HEAVY SCRAPS 734.00 COPPER ARMATURE (CREDIT) 714.00 COPPER UTENSILS SCRAP 647.00 CC ROD 798.00 BRASS :- BRASS SHEET CUTTING 541.00 BRASS UTENSIL SCRAP 492.00 BRASS HONEY 482.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 191.00 ALUMINIUM EXTRUSION SCRAP 223.00 ALUMINIUM INGOTS 265.00 OTHER : - [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, FEB 17 (PTI) OILS (per 10 Kgs) G.Nut Raw 1365.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1275.00 Sunflower Exp.Ref. 1335.00 Cottonseed(Refined) 1345.00 Refined Palm Oil 1278.00 Soyabean Ref. 1320.00 Imp.Soyabean Crude - Rapeseed Ref. 1570.00 Rapeseed Exp. 1540.00 Copra white 1500.00 Rice Bran 4-7% FFA - Rice Bran 1240.00 Linseed 1950.00 Castor [...]
Zerodha co-founder Nikhil Kamath invests in drone start-up Omnipresent Robot Tech
Zerodha and True Beacon co-founder Nikhil Kamath, along with Abhijeet Pai, has invested in Omnipresent Robot Tech through their investment arm Gruhas Proptech. This round also saw co-investments from Kavin Shah, and other individual high networth individual (HNIs), according to a statement released on Thursday. However, the amount invested by Kamath and Pai has not [...]
New Abu Dhabi Archaeological Discoveries Reveal 8,500 Year Old Buildings
Building structures unearthed off the coast of UAE capital by the Department of Culture and Tourism – Abu Dhabi push back date of such remains in the UAE and region by 500 years New evidence from Ghagha Island indicates that the islands of Abu Dhabi were a focal point for human innovation and settlement during [...]
MUMBAI, FEB 17 (PTI)
OPENING RATES SILVER SPOT (IN RS PER KILO): 63400.00 STANDARD GOLD (99.5) : 49768.00 PURE GOLD (99.9) : 49968.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 63600.00 RS. PER KG.SILVER RDY.(PORTION) : 63700.00 RS. PER KG.GOLD (24 CARAT) RDY. : 50000.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 47450.00 RS. PER 10 GMS.HALLMARKED GOLD(22 CARAT) [...]
Demand for housing in India continues to remain robust: HDFC Deepak Parekh
The Indian real estate market is on an upward cycle and residential housing continues to be the star of the sector, HDFC Ltd Chairman Deepak Parekh said on Thursday. He added that unlike many other Western countries, the demand for housing in India is from genuine homebuyers and is not speculative in nature. "The India [...]
Ashok Leyland expects turnaround in CV biz, eyes 30% market share in FY23
New Delhi, Feb 17 (PTI) Ashok Leyland is eyeing a strong comeback this year as it looks to consolidate its position in the intermediate commercial vehicle (ICV) segment, reap benefits of enhanced demand for its modular AVTR range and bolster exports to new destinations across the globe, as per a top company official. The Hinduja [...]
Franna enters into strategic partnership with Alpha Services
New Delhi, Feb 17 (PTI) Franna, a manufacturer of pick and carry cranes, on Thursday said it has entered into a strategic partnership with Alpha Services for supply of its products in India. With this new partnership, Franna will bring its 'Made in India' cranes closer to customers in the Delhi-NCR region. Alpha Services will [...]
Test Confirmed Thermaissance Technology Kills Tuberculosis. TB Mukt Bharath Becoming a Reality
Mumbai, Maharashtra, India – Business Wire India In a major breakthrough, an Indian startup, Thermaissance, has been able to successfully kill Mycobacterium tuberculosis bacteria with its innovative fabrics. Mycobacterium tuberculosis bacteria cause tuberculosis infections. A study conducted at SASMIRA, an ISO 17025 certified NABL Lab in India, has shown that even after 14 days of [...]
Bharat Petroleum Launches EV Fast-Charging Corridor on Chennai – Trichy – Madurai Highway
Chennai, Tamil Nadu, India (NewsVoir) • This is the first EV friendly highway in the Southern India with 10 fuel stations along the 900 Km route on both sides of the highway • The first phase launch on Chennai - Trichy - Madurai highway will be followed up by key routes which have high existing [...]
Bill Gates make his first-ever visit to Pakistan; discusses health issues with PM Khan
Islamabad, Feb 17 (PTI) Billionaire philanthropist and Bill Gates on his first-ever visit to Pakistan on Thursday called on Prime Minister Imran Khan and was briefed about efforts to tackle the coronavirus pandemic and eradicate poliovirus from the country. Gates also exchanged views on the prevailing situation of COVID-19, state-run Radio Pakistan reported. Khan also [...]
Skye Air teams up with the Himachal govt for delivery of medicines and agri commodities via drones
Mumbai, Feb 17 (PTI) Drone delivery-tech firm Skye Air has teamed up with the Himachal Pradesh government for the delivery of medicines and agri commodities in the Himalayan state. As part of the strategic partnership with the state's information technology department, Skye Air has initiated a three-day-long BVLOS trial in the Chamba district to connect [...]
Bajaj Auto looks to double network for electric scooter Chetak in coming weeks
Mumbai, Feb 17 (PTI) Bajaj Auto on Thursday said it is looking to double the network for its electric scooter Chetak in the coming weeks to cater to the increased demand for the offering. Bajaj Auto, which brought back its iconic scooter brand in the electric version in October 2019, also said it has already [...]
Nestle India Q4 Results: Net profit dips 20%, net sales up 8.9%
FMCG major Nestle India Ltd on Thursday reported a 20 per cent decline in its net profit to Rs 386.66 crore for the fourth quarter ended on December 31, 2021, on account of a one-time exceptional item on change of pension scheme for its employees. The company, which follows a January-December financial year, had posted [...]
Pernod Ricard India Accelerates its Focus on Diversity and Inclusion
Mumbai, Maharashtra, India (NewsVoir) • Sets up a comprehensive action plan aligned to its aspirational goals to foster a convivial workplace • Welcomes Eight women to its Leadership team; and a Transgender woman to lead its Inclusion & Diversity (I&D) initiatives • Increases gender parity with women constituting 50% of all new hires • Doubles [...]
Semi-urban, rural investors satisfied with performance of their investments in 2021: Groww survey
New Delhi, Feb 17 (PTI) A majority of semi-urban and rural Indian investors expressed satisfaction with the performance of their investments in 2021, said a survey conducted investment platform Groww. The survey was conducted among individuals across 357 centres, including semi urban and rural regions. More than half (56.6 per cent) of the responses were [...]
Housing financiers’ bad loans jump by 70 bps following new asset quality norms:: Report
Mumbai, Feb 17 (PTI) Since the introduction of new asset quality norms last November that brought in shadow banks and housing financiers on par with banks, housing finance companies' gross bad loans have gone up by 70 basis points (bps) even as their portfolio quality has improved, according to a report. The bad loan pile [...]
NEWSALERT
Sensex falls by 104.67 pts to end at 57,892.01; Nifty down 17.60 pts at 17,304.60. PTI MKJ MR MR
Architecture Discipline’s design for Delhi Government’s Mohalla Clinics wins award from Indian Buildings Congress
NEW DELHI, Feb. 17, 2022 /PRNewswire/ -- Architecture Discipline, a New Delhi-based architectural practice was honoured with a commendation in the infrastructure category from the Indian Buildings Congress for their work on Mohalla Clinics, primary healthcare facilities for The Government of Delhi. The aim of the awards is to bring much needed attention to contributions [...]
BSE Ebix, LIC join hands for distribution of insurance products
New Delhi, Feb 17 (PTI) BSE Ebix Insurance Broking, a joint venture of BSE and Ebix Fincorp Exchange Pte Ltd, on Thursday announced signing of an insurance broker agreement for the distribution of Life Insurance Corporation's (LIC) products on its platform. Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC [...]
The New BMW X3 Now Available in Diesel Variant
Gurugram, Haryana, India – Business Wire India Powerful BMW TwinPower Turbo engine for agile driving performance. #EverythingXEverywhere #thenewX3 #BMWX3 The new BMW X3 has been launched in a diesel variant in India today. Introduced as Luxury Edition, the new BMW X3 xDrive20d is locally produced at BMW Group Plant Chennai. It is available at dealership [...]
Reliance Industries lists existing foreign currency bonds worth over USD 7 bln on India INX
Reliance Industries Ltd (RIL) has listed its existing foreign currency bonds aggregating over USD 7 billion on India INX, making it the largest such listing by a private entity in India INX and GIFT IFSC. The securities include the USD 4 billion worth jumbo bonds raised in January 2022, which was termed as the largest [...]
Agri-inputs startup AGRIM raises USD 10 mn from investors to expand biz
New Delhi, Feb 17 (PTI) Startup AGRIM, a B2B platform for agri-inputs, on Thursday said it has raised USD 10 million (Rs 75 crore) from investors including Kalaari Capital to grow its business. In series A funding, AGRIM has raised funds from Kalaari Capital, with participation from existing investors Omnivore, India Quotient, and Accion Venture [...]
Hero Electric joins hands with Grip to offer lease finance solutions
New Delhi, Feb 17 (PTI) Hero Electric on Thursday said it has joined hands with Grip, an alternative investment platform, for its lease financing solutions to retail investors. With the partnership, the company aims to encourage the adoption of electric vehicles (EVs) by leasing them to last-mile delivery, logistics as well as other e-commerce players [...]
Ashok Leyland expects turnaround in CV biz, eyes 30 pc market share in FY23
New Delhi, Feb 17 (PTI) Hinduja flagship Ashok Leyland is eyeing a strong comeback in the commercial vehicle segment this year as it looks to consolidate its position in the intermediate commercial vehicle (ICV) segment and reap benefits of enhanced demand for its modular AVTR range, as per a top company official. The Chennai-based company [...]
Crude oil futures dip on weak demand
New Delhi, Feb 17 (PTI) Crude oil prices fell Rs 77 to Rs 6,970 per barrel on Thursday after participants reduced their positions. On the Multi Commodity Exchange, crude oil for the February delivery dropped by Rs 77, or 1.09 per cent, to Rs 6,970 per barrel with a business volume of 2,952 lots. Analysts [...]
Capgemini to open new CoEs in India this year; sees more Indians occupying senior roles in future
Mumbai, Feb 17 (PTI) French IT company Capgemini on Thursday said it will be setting up dedicated centres of excellence (CoE) for driving innovation efforts. The company, which employs half of its over 3 lakh-strong workforce in India, also sees the number of Indians at senior executive level growing in the next few years, its [...]
Benefit from High FD Interest Rates of up to 7.05 percent with Bajaj Finance Online FD
Pune, Maharashtra, India (NewsVoir) When it comes to growing wealth or simply maintaining healthy finances, experts recommend investing their money. It is financially prudent to start investing as early as possible. Doing so allows individuals three key benefits, which are: • Investments supplement income passively • Investments help combat inflation year on year • Investments [...]
Amritsar-bound Vistara aircraft suffers technical snag; returns to Delhi airport soon after take off
New Delhi, Feb 17 (PTI) An Amritsar-bound Vistara aircraft, carrying 146 passengers, suffered a technical snag and returned to the Delhi airport soon after take off on Thursday. A Vistara spokesperson said a technical snag was detected on flight UK 697 operating from Delhi to Amritsar. As a precautionary step, the pilots decided to turn [...]
Get a Discount of Rs. 2,000 or more on the Best Leader Cycles Available on the Bajaj Finserv EMI Store
Purchase a Leader cycle with No Cost EMI and also avail of exciting discounts and cashback offers at the Bajaj Finserv EMI Store Pune, Maharashtra, India (NewsVoir) If you are planning to buy Leader cycles, you can avail of exciting deals and discounts at the Bajaj Finserv EMI Store. Shoppers can bring home any Leader [...]
Can Vodafone Idea become a multibagger in the Future?
Vodafone Idea on Wednesday said that it had successfully demonstrated 5G Voice over New Radio with its partner Nokia in Gandhinagar, Gujarat. Recently, Vodafone Idea appointed SBI Capital Markets to negotiate the restructuring of loans that it is supposed to pay in the next four years, worth ₹20,000 crores to ₹23,000 crores.Its subscriber base has declined [...]
Vedanta signs pact with TERI to accelerate ESG goals
New Delhi, Feb 17 (PTI) Vedanta on Thursday said it has signed a pact with TERI to accelerate its Environmental, social, and governance (ESG) goals. Vedanta plans to invest around Rs 200 crore over the next five to 10 years on R&D and sustainability initiatives to promote and build a sustainable ecosystem. "Vedanta... on Wednesday [...]
Guar seed futures decline on low demand
New Delhi, Feb 17 (PTI) Guar seed prices on Thursday declined by Rs 3 to Rs 6,266 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery was trading down by Rs 3, or 0.05 per cent, at Rs 6,266 per 10 quintal with an open interest [...]
Guar gum futures gain on spot demand
New Delhi, Feb 17 (PTI) Guar gum prices on Thursday gained Rs 61 to Rs 11,850 per five quintal in futures trade as speculators increased their holdings on spot demand.On the National Commodity and Derivatives Exchange, guar gum contracts for March delivery traded higher by 0.52 per cent, or Rs 61, to Rs 11,850 per [...]
HarvestPlus Partners with Grameen Foundation India to Empower Women through Inclusive Agriculture Approach
New Delhi, Delhi, India (NewsVoir) HarvestPlus and Grameen Foundation India have signed a Memorandum of Understanding (MoU) to increase food, nutrition, and livelihoods security through the production, consumption, and marketing of conventionally bred biofortified crops in India. The collaboration will focus on health and nutrition initiatives, along with financial inclusion and agriculture-based livelihoods, to enable [...]
Lifestyle celebrates the season of joy and bloom with launch of new Spring/Summer collection
~ Lifestyle captures the vibrancy of the season with an explosion of colours in latest styles made available at great prices~ BANGALORE, India, Feb. 17, 2022 /PRNewswire/ -- Lifestyle, India's leading fashion destination for the latest trends, launches its Spring/Summer Collection. A perfect combination of high fashion aesthetics and summery hues, the new collection is [...]
Garmin launches premium smartwatches Fēnix7 Series, epix in India
New Delhi, Feb 17 (PTI) Tech major Garmin on Thursday launched its latest premium smartwatch -- Fēnix7 Series and epix, as it expands its wearables business in India. Garmin Fēnix 7 series is the industry's first smartwatch with a built-in flashlight and also has an array of features like enhanced solar cell efficiency and longer [...]
Ind-Ra revises banking sector outlook to ‘improving’ for FY23; pegs credit growth at 10 pc
Mumbai, Feb 17 (PTI) India Ratings and Research (Ind-Ra) has revised its outlook on the banking sector to 'improving' from 'stable' for 2022-23, helped by better credit demand and strong balance sheet of lenders. For next fiscal year, the agency expects credit growth to pick up to 10 per cent and sees gross non-performing asset [...]
India’s mobile subscriber count down by 1.28 crore in Dec 2021: Trai data
New Delhi, Feb 17 (PTI) The mobile user count in India fell by 1.28 crore in December 2021 compared to the previous month, with Reliance Jio and Vodafone Idea suffering subscriber losses, even as Bharti Airtel added customers, Trai data showed on Thursday. Reliance Jio lost about 1.29 crore wireless subscribers, and that pulled down [...]
Punjab & Sind Bank gets Board nod to raise Rs 4,600 cr by issuing shares to govt
New Delhi, Feb 17 (PTI) State-owned Punjab & Sind Bank (PSB) on Thursday said its board has given approval to raise equity capital worth Rs 4,600 crore by issuing preference shares to the government. The decision was taken at the board meeting held on February 17, 2022, the bank said in a regulatory filing. The [...]
IRF hails new safety norms for children below 4 yrs riding on motorcycles
New Delhi, Feb 17 (PTI) Global road safety body IRF on Thursday hailed the new traffic rules making safety harness and helmet mandatory for children below the age of four years on motorcycles. It, however, said that height and not the age should be made the criteria as children may be susceptible to grievous injuries [...]
Imagility builds app to simplify the H-1B Lottery process
A much-awaited App for all H-1B stakeholders BENGALURU, India, Feb. 17, 2022 /PRNewswire/ -- The H-1B Lottery process is a nerve wrecking experience for the potential employers and H-1B aspirants, especially with the changing rules that USCIS might put out every year. Imagility helps Petitioners understand the Lottery rules, view beneficiary registrations and pick those [...]
400 buses in Indore to run on Bio-CNG generated from waste; PM to virtually inaugurate plant on Feb 19
Indore, Feb 17 (PTI) Nearly 400 buses in Indore will soon run on Bio-CNG to be generated from waste at a plant which will be virtually inaugurated by Prime Minister Narendra Modi here in Madhya Pradesh on February 19, civic officials said on Thursday. The plant has been set up in 15 acres of a [...]
Arman Financial Services Limited fires on all cylinders injected by solid organic growth as reported in its Q3 & 9M FY22 Financial Results
• Consolidated AUM crosses the ₹ 1,000 Crores Milestone, reaching ₹1,045 Crores - up by 45% YoY • Disbursements for the quarter at ₹ 296 Crores - up 63% YoY • PBT at ₹ 10 Crores - up by 192% QoQ & by 188% YoY • PAT at ₹ 7 Crores - up 140% YoY [...]
I-T dept raids premises of former NSE MD Chitra Ramkrishna, operating officer Subramanian
The Income Tax Department on Thursday raided the premises of former NSE MD and CEO Chitra Ramkrishna and group operating officer, Anand Subramanian, in Mumbai as part of a tax evasion investigation against them, official sources said. The searches are aimed to check and gather evidence on the charges of financial irregularities and alleged tax [...]
UP RERA slaps Rs 1.40 cr penalty on nine promoters
Noida, Feb 17 (PTI) The Uttar Pradesh Real Estate Regulatory Authority (RERA) has slapped a penalty of over Rs 1.40 crore on more than half a dozen project promoters over non-compliance of its orders, officials said. The action was taken against nine promoters during the 84th meeting of UP RERA under the chairmanship of Rajive [...]
Go First will evaluate operating flights to Ukraine: Airline official
Mumbai, Feb 17 (PTI) Budget carrier Go First will evaluate the option of operating chartered passenger flights to Ukraine if there is a proposal from the government, a senior airline official said on Thursday. India has asked its citizens to temporarily leave Ukraine amid rising tensions between the Eastern European country and Russia. In efforts [...]
An Inclusive E-Commerce Framework in the FTP Will Propel India Towards an Export Led Economy
The first choice for consumers happens to be e-commerce platforms. The question lies in whether we are going to make onboarding such platforms easier or more difficult for MSMEs? New Delhi, Delhi, India – Business Wire India The revised Foreign Trade Policy (FTP) is expected to come into effect from April 1st, 2022. As a [...]
ATD Group, UK’s SRAM & MRAM plan Rs 100 cr investment on foraying into EV segment in India
New Delhi, Feb 17 (PTI) ATD Group, a Noida-based diversified entity, and UK's SRAM & MRAM Group, a public health emergency management solutions company, on Thursday announced plans to invest Rs 100 crore for their foray into electric mobility in India through a joint venture, Canopus. As part of the plans, Canopus will launch four [...]
Two nabbed from Jharkhand for cheating people online
Two men were arrested from Jharkhand for allegedly cheating several people on the pretext of giving them services through customer care support, police said on Thursday. Abhishek Kumar (22) and his accomplice Raju Ansari (22) were arrested from Dumka in Jharkhand, they said. Kumar who is the mastermind behind the crime used to upload his contact [...]
Maruti Suzuki India partners with Quiklyz for its vehicle subscription program
New Delhi, Feb 17 (PTI) Car market leader Maruti Suzuki India Ltd on Thursday said it has partnered with Quiklyz by Mahindra Finance, for its vehicle subscription program, Subscribe. Under the partnership, Quiklyz will offer a white plate subscription, wherein the vehicle is registered under the user's name and hypothecated to the subscription partner, for [...]
Alcor Announces the New Release of Their Automated Real-Time End-to-End Applicant Tracking System, TalentRun
New Delhi, Delhi, India – Business Wire India Alcor, a leading partner in the digital transformation space and global provider of cloud solutions, security, and implementation services, announced the new release of their Applicant Tracking System, TalentRun. It is an automated, self-service enterprise applicant tracking system built on the ServiceNow® platform and helps organizations in [...]
Jindal School of Banking & Finance Students Get Industry Exposure in over 150 companies in 5 countries
17 February 2022, Sonipat, Haryana: Students at the Jindal School of Banking & Finance (JSBF) at O.P. Jindal Global University (JGU) have been selected for placement and internship opportunities in over 150 companies located around the world, including in India, USA, UK, Mauritius, and Singapore. Opportunities to gain vital industry experience were not dampened by [...]
D’ART LAUNCHES WATERBASE’S GLOBAL RETAIL IDENTITY ‘SHRIMP WORLD’ IN AMALAPURAM, ANDHRA PRADESH
VISAKHAPATNAM, India, Feb. 17, 2022 /PRNewswire/ -- The allegorical narration of Waterbase went through the legacy they created in the shrimp industry, since 1987. From the rural areas to global horizons, 'Shrimp World' embossed a picture of the largest producer of shrimps (India) in an immersive experiential way. Retail prospects are bridged for the first [...]
Civil aviation min removes curbs on number of flights between India-Ukraine
New Delhi, Feb 17 (PTI) The Ministry of Civil Aviation has removed the curbs on the number of flights that can be operated between India and Ukraine under the bilateral air bubble arrangement to facilitate travel of Indians from the eastern European nation, according to a senior official. Amid the prevailing situation in Ukraine due [...]
EV maker OSM ties up with Israel’s EVR Motors to produce compact e-motor in India
Mumbai, Feb 17 (PTI) Electric Vehicle maker Omega Seiki Mobility (OSM) announced on Thursday its strategic alliance with Israel-based startup EVR Motors to produce in India a new TSRF-technology based compact e-motor for its existing and future vehicle models. The Trapezoidal Stator Radial Flux (TSRF) technology can support a wide range of power and torque [...]
Twitter adds Paytm as one of payment gateway for Tips transaction
Social media platform Twitter has added Paytm Payments Services as one of the payment gateway for carrying out Tips transactions, a joint statement said on Wednesday. Twitter has started Tips feature that enables users to support their content creators or small business owners on Twitter by using any Paytm payment instrument like Paytm UPI, Paytm [...]
India Pavilion to Exhibit Global Investment Opportunities in Agriculture and Allied Sectors at EXPO2020
Country to showcase investment opportunities in millets, organic farming, horticulture, dairy to investors worldwide Dubai, United Arab Emirates (NewsVoir) India will pitch to become the preferred sourcing partner for the global food processing industry during the fortnight and host various seminars and conferences to deliberate on ways to explore international collaborations and further strengthen its [...]
Caterpillar Launches Bigger, More Competitive Global Operator Challenge
Contest will spotlight operator skills, incorporate wider range of construction machines in nearly 40 countries DEERFIELD, Ill., Feb. 16, 2022 /PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) invites machine operators around the globe to put their skills and precision to the test in the 2022-2023 Global Operator Challenge. The challenge allows men and women to prove [...]
Supermicro Introduces SuperEdge Multi-Node Solutions Leveraging Data Center Scale, Performance, and Efficiency for 5G, IoT, and Edge Applications
New 2U, 3-Node, Short-Depth Server Increases Node Density by 50% for High-Density Computing at the Intelligent Edge SAN JOSE, Calif., Feb. 16, 2022 /PRNewswire/ -- Super Micro Computer, Inc. (SMCI), a global leader in high-performance computing, storage, networking solutions, and green computing technology, unveiled a new short-depth multi-node system that is designed and optimized for [...]
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