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Telecom stock falls 9% after company fails to submit bank guarantee
Shares of this leading telecom stock plunged over 9 percent after the Department of Telecommunications (DoT) issued a notice to the company regarding the non-payment of bank guarantees required to cover past spectrum auction dues. Share Price Movement In Monday’s trading session, Vodafone Idea Limited’s share price fell 9.09 percent to an intraday low of [...]
Ashish Kacholia stock falls 10% after FII sells stake in the company
Shares of this small-cap fintech company dropped by 9.7% in the early market hours on monday after foreign institutional investors sold 0.68% of the firm via a bulk deal. Zaggle Prepaid Ocean Services Ltd, with a market capitalization of Rs. 5,315.62 Crores. The shares opened at Rs. 460.20 per share after their previous close at [...]
Stock hits 5% circuit after completing ₹10.18 Cr project for Department of Atomic Energy
Shares of one of the leading players in the electrical contracting and equipment industry hit a 5 percent upper circuit on BSE, to reach a new 52-week high of Rs. 217.65 on Monday, after the company announced completing a project worth ~Rs. 10.2 crore for the Department of Atomic Energy. With a market capitalisation of [...]
2 Reality stocks jump after reporting 120% YoY increase in sales growth
India's construction industry is poised for substantial growth, with an expected expansion of 11.2% in 2024, bringing the total market value to Rs. 25,316 billion. This strong growth trajectory is projected to continue, with a compound annual growth rate (CAGR) of 9.4% between 2024 and 2028, and by 2028, construction output is anticipated to reach [...]
Solar pump stock in focus after it announces 5:1 bonus issue
Solar Pump stock engaged in the manufacturing and selling of a wide range of pumps, motors, spare parts, and EV components, in focus upon declaring a bonus issue of 5:1. Price Action With a market capitalization of Rs.8,654 Crores, the shares of Shakti Pumps (India) Limited were trading at Rs. 4,319 per equity share, down [...]
Cement stock jumps 17% after Adani group to acquire the company for $1.2 Mil
The shares of a small-cap cement company rose 17% following the news report that Adani Group is in discussions to acquire a German-based cement firm for an estimated value of around Rs 10,000 crores. Share price variations: With a market capitalization of Rs. 5,592.36 crores, HeidelbergCement India Limited opened today’s trading session at Rs. 241, [...]
Ambani stock to buy now for an upside of 20%; Do you own it?
Mukesh Ambani's market-leading conglomerate stock has received ambitious target prices from several prominent brokerages, significantly fueling optimism and driving the stock's upward trajectory. This positive sentiment reflects the strong potential for future growth and investor interest in the company. Share Price Movement In Monday’s trading session, Reliance Industries Limited's share price reached an intra-day high [...]
Ashish Kacholia stock jumps 6% after completion of brownfield capacity expansion
The shares of the chemical manufacturer gained up to 6 percent after the company completed the proposed brownfield capacity expansion worth Rs 100 crore. With a market capitalization of Rs 1,987.17 crore, the shares of Tanfac Industries Ltd were trading at Rs 1992.15 per share, increasing around 0.29 percent as compared to the previous closing [...]
Newly listed stock hits 5% upper circuit after DIIs buys 3.93% stake in the company
During Monday’s trading session, the shares of a recently listed micro-cap company hit a 5 percent upper circuit, to reach a new 52-week high of Rs. 207.2 on BSE, after two domestic institutional investors (DIIs) bought stake worth a total of nearly Rs. 29.5 crores on NSE. With a market capitalisation of Rs. 775.5 crores, [...]
Stock under ₹200 jumps 7% after Ashish Kacholia bought fresh stake in the company
The shares of this microcap company jumped around 7 percent in Monday’s trading session after the board announced a preferential issue of equity shares to certain allottees, including prominent investor Ashish Rameshchandra Kacholia. Price Movement: With a market capitalization of Rs. 196 crores, the shares of Naman In-Store (India) Ltd started Monday’s trading session on [...]
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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
Unthinkable Solutions Bags the Contract for Developing CPCL’s E-Performance Management System
GURGAON, India, Feb. 17, 2022 /PRNewswire/ -- Unthinkable Solutions, a leading software engineering company based in India, announced that it has won a contract to design & develop E-Performance Management System (E-PMS) for Chennai Petroleum Corporation Limited (CPCL). CPCL wanted to develop E-Performance Management System with the latest technologies and design elements while retaining features, [...]
Maha: 200 EV charging stations to be set up in Aurangabad by year-end
Aurangabad, Feb 17 (PTI) The Aurangabad Municipal Corporation has decided to set up nearly 200 charging stations for electric vehicles in the city by this year-end, a senior official said here in Maharashtra. For this, the civic body will spend about Rs 5 crore of the fund granted under the 15th Finance Commission, municipal commissioner [...]
JSW Ispat Special Steel hives off Raipur plant, other assets to arm via slump sale
New Delhi, Feb 16 (PTI) JSW Ispat Special Steel, a JV between private equity AION & JSW Steel, on Wednesday said it has hived off its Raipur, Chhattisgarh plant along with certain other assets to its wholly-owned subsidiary via a slump sale of around Rs 450 crore.JSW Ispat Special Products Limited (formerly known as Monnet [...]
RCap says can’t ascertain financial implication of Sebi order against Anil Ambani, ex-CFO
New Delhi, Feb 16 (PTI) Undergoing insolvency and bankruptcy process, Reliance Capital on Wednesday said it cannot ascertain the financial implication of a Sebi order against promoter Anil Ambani and former CFO related to an alleged violation of capital market regulations. Capital markets regulator Sebi had on February 11 issued an interim order cum showcause [...]
There is need to make global supply chain smarter through digital transformation: FedEx
Mumbai, Feb 16 (PTI) FedEx on Wednesday said there is a need to make the global supply chain smarter and more resilient through digital transformation. "Let us rethink our all digital capabilities and capitalise on this immense opportunity to leverage data. Supply chain is the backbone of global economy as you have seen in the [...]
India, Germany sign work plan for collaboration to strengthen quality infra
New Delhi, Feb 16 (PTI) India and Germany on Wednesday signed a work plan for cooperation to strengthen quality infrastructure, reduce technical barriers to trade, enhance product safety and strengthen consumer protection. The work plan 2022 was signed during the virtually held 8th annual meeting of the Indo-German Working Group on Quality Infrastructure, led by [...]
NEWSALERT
ED files money laundering case against ABG Shipyard, promoters in over Rs 22,842- crore alleged bank loan fraud case: Officials. PTI NES RT RT RT
LIC sees dip in policy issuance due to pandemic
New Delhi, Feb 16 (PTI) Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the COVID-19 pandemic. "Our total number of individual policies and group policies (in terms of lives insured) issued in India decreased by 16.76 per cent from 75 million for [...]
Sonowal flags off maiden voyage of steel shipment from Haldia to Pandu through IBP route
Haldia (WB), Feb 16 (PTI) Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Wednesday flagged off the maiden voyage of shipment of steel from Haldia to Pandu through the Indo Bangladesh Protocol route. This maiden voyage showcases multi-modal movement of cargo along with harnessing of the power of river–sea combination. "Sonowal...flagged off the [...]
DFS Secy Sanjay Malhotra nominated as director on RBI’s central board
Mumbai, Feb 16 (PTI) The central government has nominated Sanjay Malhotra, secretary in Department of Financial Services, as a director on the RBI's central board. The nomination of Malhotra is effective from Wednesday (February 16) and until further orders, the Reserve Bank of India (RBI) said in a statement. PTI NKD HRS hrs
VIL demonstrates 5G ‘Voice over New Radio’ capability during trials in Gandhinagar
New Delhi, Feb 16 (PTI) Telecom operator Vodafone Idea Ltd (VIL) on Wednesday said it has successfully demonstrated 5G Voice over New Radio (VoNR) capability with its technology partner Nokia, during the 5G trials currently underway in Gandhinagar, Gujarat. Explaining the new capability, a VIL statement said that once deployed, the VoNR solution will enable [...]
Wheat production to touch record 111.32 mn tonnes in 2021-22: Govt
New Delhi, Feb 16 (PTI) The country's wheat production is likely to touch a record 111.32 million tonnes in the 2021-22 crop year (July-June), the agriculture ministry said on Wednesday. Besides wheat, record production is estimated for rice, pulses, maize, oilseeds and sugarcane as well, it added. The overall foodgrain production too is estimated at [...]
NSE co-location case: Sebi penalises Adroit Financial Services, Silver Stream Equities
New Delhi, Feb 16 (PTI) Capital markets regulator Sebi on Wednesday imposed a penalty of Rs 6 lakh each on Adroit Financial Services and Silver Stream Equities for flouting norms with respect to using National Stock Exchange's co-location facility. The stock brokers continuously logged in to secondary server in currency derivatives, cash market and Futures [...]
Manufacturing sector will need continued policy support for faster recovery: RBI article
Mumbai, Feb 16 (PTI) The manufacturing sector will need continued policy support for smoother and faster recovery to attain the long-term trend path, according to a Reserve Bank article. Although the sector may soon attain its pre-COVID level, the process of attaining the long-term trend levels may take some time, said the article 'Impact of [...]
SIDBI ties up with Bihar govt to promote MSME sector in state
New Delhi, Feb 16 (PTI) The Small Industries Development Bank of India (SIDBI) has tied up with the Government of Bihar to promote the micro, small and medium enterprises (MSME) sector in the state. To this effect, two memoranda of understanding (MoU) have been signed between SIDBI and the industries department, Government of Bihar, and [...]
Edtech startup LEAD announces ESOP liquidation plan of USD 3 mn for staff
New Delhi, Feb 16 (PTI) Edtech start up LEAD on Wednesday announced an ESOP Liquidation Plan of about USD 3 million (about Rs 22.5 crore) for its employees.The move comes at a time when LEAD is aiming for a "high growth trajectory" following the recent series E fundraise of USD 100 million led by WestBridge [...]
NARCL to help in reducing banking stress, kick-start credit cycle: RBI article
Mumbai, Feb 16 (PTI) The establishment of National Asset Reconstruction Company Ltd (NARCL), or bad bank, will help in reducing financial stress on banks and kick-start the credit cycle, according to an article published in the RBI's monthly bulletin on Wednesday. Evidence world-wide suggests that a centralised bad bank has various systemic benefits, including freeing [...]
Wheat production estimated at record 111.32 mn tonnes in 2021-22 crop year
New Delhi, Feb 16 (PTI) The country's wheat production is projected to be a record 111.32 million tonnes in the 2021-22 crop year (July-June), the agriculture ministry said on Wednesday. Production of wheat, the main rabi crop, stood at 109.59 million tonnes in the previous 2020-21 crop year. Releasing the second advance production estimate, the [...]
CreditAccess Grameen gets board approval to raise up to Rs 5,000 cr via debt
New Delhi, Feb 16 (PTI) Microfinance lender CreditAccess Grameen on Wednesday said its board has approved a proposal to raise up to Rs 5,000 crore through debt securities and an additional USD 7.4 million (about Rs 55.5 crore) by issuing masala bonds. Its board of directors at its meeting on Wednesday approved the proposal to [...]
Yuval Harari warns of data tyrants, data colonialism
Mumbai, Feb 16 (PTI) World-renowned author and public intellectual Yuval Noah Harari has warned of the perils of too-much dependence on data-driven technologies because that can result in data colonialism, which will lead to creation of tyrant governments and monopolistic corporations. The Israeli writer, who shot to instant global fame with his three bestsellers -- [...]
North Bengal has potential to get Rs 11000cr investments in 3-5 years
Kolkata, Feb 16 (PTI) The eight districts of north Bengal have the potential to attract investments worth Rs 11000 crore in the next three to five years, the state government said in a statement on Wednesday.The employment potential of the region during the same period will be around 71,000, it said.The state government held a [...]
JLR partners NVIDIA for next gen driving systems, AI-enabled services
New Delhi, Feb 16 (PTI) Jaguar Land Rover (JLR) on Wednesday said it has inked a multi-year strategic partnership with NVIDIA, a leading player in Artificial Intelligence (AI) and computing, to jointly develop and deliver next-generation automated driving systems plus AI-enabled services and experiences for its customers.Starting in 2025, all the new Jaguar and Land [...]
Companies must pursue innovation, focus on becoming sustainable, more responsible : Wipro CEO
New Delhi, Feb 16 (PTI) Companies must accelerate efforts to innovate and reinvent their approach to talent while focusing on becoming more efficient, sustainable, and responsible in this decade of technology, Wipro CEO Thierry Delaporte said on Wednesday. Firms, across industries and markets, are intensifying efforts on digital transformation to solve their business problems, with [...]
EVRE to set up EV charging facilities in collaboration with GoMechanic
Mumbai, Feb 16 (PTI) Charging Infratech firm EVRE will set up charging facilities in collaboration with tech-enabled car servicing platform GoMechanic, according to a statement released on Wednesday. GoMechanic has a wide network of about 800 workshops across 35 cities that provides 3,600 car service solutions such as vehicle maintenance, retrofitting and access to spare [...]
Tatas will make Air India financially fit, technologically most advanced global airline: Chandrasekaran
Mumbai, Feb 16 (PTI) Tata group will make Air India financially fit, upgrade aircraft, bring in new fleet and make it the most technologically advanced airline globally, Tata Sons Chairman N Chandrasekaran said on Wednesday. Virtually addressing employees of Air India across the globe, he said for the airline to be the best again there [...]
Sonowal flags off maiden voyage of steel shipment from Haldia to Pandu through IBP route
New Delhi, Feb 16 (PTI) Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal on Wednesday flagged off the maiden voyage of shipment of steel from Haldia to Pandu through the Indo Bangladesh Protocol route. This maiden voyage showcases multi-modal movement of cargo along with harnessing of the power of river–sea combination. "Sonowal...flagged off the [...]
Vivo to invest Rs 3,500 cr in India by 2023, plans to start export mobile devices in 2022
Smartphones maker Vivo plans to invest Rs 3,500 crore in two years to boost its manufacturing facility in India and start exporting devices from the country this year, a senior company official said on Wednesday. Vivo India Director (Business Strategy) Paigam Danish told PTI that the investment is part of the Rs 7,500-crore commitment that [...]
Indian Oil exploring option to acquire Paradip water supply project from IL&FS
New Delhi, Feb 16 (PTI) State-owned Indian Oil Corporation (IOC) is exploring the option to acquire IL&FS Paradip Refinery Water Ltd, the crisis-hit IL&FS has said in an affidavit filed before the insolvency appellate tribunal NCLAT. However, the Uday Kotak-led board has not shared any financial details while updating the tribunal on the progress of [...]
Of 6.26 cr ITRs for FY’21 filed, 4.5 cr processed
New Delhi, Feb 16 (PTI) The income tax department on Wednesday said more than 4.50 crore tax returns have been processed so far, of the total 6.26 crore ITR filed for the financial year 2020-21. Further, more than 5.41 crore income tax returns (ITRs) filed have been verified and 1.58 crore refunds amounting to Rs [...]
Infosys may hire more than 55k freshers in FY23: CEO Parekh
Second-largest IT exporter Infosys may hire more than 55,000 fresh graduates from campuses in FY23 as it sees a very good runway for growth going forward, a top executive said on Wednesday. The Bengaluru-headquartered company's chief executive Salil Parekh said there are tremendous opportunities awaiting engineering and science graduates in the tech sector, but urged [...]
Automation start-up Uniphore gets USD 400 mn at USD 2.5 bn valuation
Mumbai, Feb 16 (PTI) Uniphore, the start-up which is into conversational automation, has raised USD 400 million in its Series-E funding round, led by foreign fund NEA, March Capital and other existing investors along with new entities, at a valuation of USD 2.5 billion. With this round, the Chennai-headquartered Uniphore's total funding has touched USD [...]
NZ-based Avanti enters Indian bicycle market; launches ‘Avanti Giro FM1’ along with Scott Sports
Mumbai, Feb 16 (PTI) New Zealand bicycle brand Avanti has entered the Indian market in association with Scott Sports India with the launch of 'Avanti Giro FM1' in the domestic market, at a price of Rs 40,990, according to a statement released on Wednesday. Rolled out for both men and women in the country, the [...]
Cyient launches private 5G Networks CoE, inks pact with IIT Hyderabad for research
Hyderabad, Feb. 16 (PTI): Cyient, an engineering, manufacturing, and digital technology solutions company, on Wednesday announced the launch of its Private 5G Networks Center of Excellence (CoE) and said it signed an MoU with the Indian Institute of Technology, Hyderabad, as a research partner for the CoE . A press release from Cyient said it [...]
Gems and jewellery exports up 6.5% to USD 32.37 bn during April-Jan: GJEPC
New Delhi, Feb 16 (PTI) Gems and jewellery exports rose by 6.5 per cent to USD 32.37 billion during April-January this fiscal, industry body GJEPC said on Wednesday. The exports stood at USD 30.40 billion in the same period of the previous year. The top 10 export destinations include the UAE (41.50 per cent), Belgium [...]
Arvind SmartSpaces buys 35 acre land in Pune for Rs 100 cr
New Delhi, Feb 16 (PTI) Arvind SmartSpaces Ltd (ASL) has bought 35 acres of land in Pune for Rs 100 crore.In a statement, ASL said it has finalised a binding agreement for an outright purchase of this land parcel at Bhugaon in Pune.The company will develop a luxury villas project with a development potential of 1.3 million [...]
Bank of India invites applications for post of Chief Economist
New Delhi, Feb 16 (PTI) Bank of India has invited applications for the post of Chief Economist, on a contractual basis for three years. Listing eligibility criteria, the public sector lender said the candidate should be a first class MA in Economics or first class in MA in Econometrics, as an essential qualification. The desirable [...]
Income earned from providing guest lectures will attract 18% GST
The Karnataka bench of AAR has ruled that income earned from providing guest lectures will attract 18 per cent GST, The applicant, Sairam Gopalkrishna Bhat, had approached the Authority for Advance Ruling seeking clarity on whether the income earned from conducting guest lectures, amounts to or results in a supply of taxable services. While passing [...]
MUMMBAI, FEB 16
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 63045.00 63234.00 STANDARD GOLD (99.5) : 49242.00 49259.00 PURE GOLD (99.9) : 49440.00 49457.00 --------------- PTI MUM SVC SVC SVC
GAIL to connect Srinagar to gas grid; Mumbai-Nagpur line by May 2023
New Delhi, Feb 16 (PTI) State-owned GAIL India Ltd plans to lay a pipeline to Srinagar to take the environmentally friendly natural gas to the Kashmir Valley as it doubles down on efforts to expand infrastructure to helm the government vision of a gas-based economy, its chairman and managing director Manoj Jain said. GAIL will [...]
Rupee surges 23 paise to 75.09 against USD
Mumbai, Feb 16 (PTI) Rising for the second straight day, the rupee appreciated by 23 paise to close at 75.09 against the US dollar on Wednesday as easing of tensions between Russia and Ukraine helped lift risk appetite. At the interbank forex market, the local unit opened at 75.24 against the greenback and witnessed an [...]
Cos reverting to pre-pandemic levels of incentives; average increment to be 9% this year: Survey
New Delhi, Feb 16 (PTI) After a brief dip in 2020, organisations are reverting to pre-pandemic levels of investment in incentives and the industry average for increment this year is expected to be 9 per cent, a survey said on Wednesday. According to Mercer’s Total Remuneration Survey, which was conducted with 988 companies, around 5,700 [...]
Eco activities significantly affected in Goa during pandemic, shows study based on nightlights
Panaji, Feb 16 (PTI) Only one-fifth of Assembly constituencies in Goa exhibited high and medium change in the nightlights radiance during pandemic times of 2019-20, indicating significant impact on economic activities, according to a study. The study was conducted by Bharati Institute of Public Policy (BIPP) at the Indian School of Business (ISB), Hyderabad. It [...]
Mohandas Pai, Kiran Mazumdar-Shaw spar over Himalayan yogi influence in NSE case
New Delhi, Feb 16 (PTI) An unknown Himalayan yogi's influence on Chitra Ramkrishna during her stint as NSE chief few years ago has triggered heated exchanges on social media between former NSE board member T V Mohandas Pai and Biocon's Executive Chairperson Kiran Mazumdar-Shaw, who wondered whether there were no checks and balances at the [...]
Jindal Stainless, Indian Institute of Technology (ISM) Dhanbad ink pact for R&D on various projects
New Delhi, Feb 16 (PTI) Jindal Stainless Ltd (JSL) on Wednesday said it has entered into a pact with the Indian Institute of Technology (Indian School of Mines), Dhanbad, to jointly carry out research and development on various projects. With this partnership, JSL envisions to take up research, new product development, environment safety and skill [...]
Sensex, Nifty end lower in see-saw session; HDFC bucks trend
Market benchmarks closed in the red after a highly volatile session on Wednesday despite a positive trend in global equities amid signs of cooling of Russia-Ukraine tensions. The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 -- marking a loss of 145.37 points or 0.25 per cent. Likewise, the [...]
Now crash helmet, safety harness to be mandatory for children below 4 yrs on motorcycles
New Delhi, Feb 16 (PTI) The road transport ministry on Wednesday notified new rules to make the use of safety harness and crash helmet mandatory for children below the age of four years on motorcycles. The new rules state that the speed of a motorcycle with a child up to the age of four years [...]
Vehicles carrying hazardous goods to be equipped with tracking devices: Govt
New Delhi, Feb 16 (PTI) The government proposes to make it mandatory for all goods carriage vehicles, carrying any dangerous or hazardous goods, to be equipped with or fitted with an approved vehicle tracking system device. The Ministry of Road Transport and Highways on Wednesday said that it has been brought to its notice that [...]
Online learning platform Entri.app raises USD 7 mn from Omidyar, others
Mumbai, Feb 16 (PTI) Entri.app, an online learning platform, on Wednesday said it has raised USD 7 million (about Rs 53 crore) in a funding round led by impact investor Omidyar Network India. The app offers local language courses on upskilling for growth in the private sector and cracking exams for government jobs. The funds [...]
India focussed offshore funds, ETFs log USD 435 mn outflow in Dec quarter: Report
New Delhi, Feb 16 (PTI) India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of USD 435 million in three months ended December 2021, making it the 15th consecutive quarter of withdrawal, according to a Morningstar report released on Wednesday. This was way higher than the net outflows of USD 95 million registered [...]
Misdiagnosed for 5 years in Croatia, a 47-year-old woman was treated successfully at Healing Hands Clinic For Complex Fistula
PUNE, India, Feb. 16, 2022 /PRNewswire/ -- Anela Radic, a 47-year-old woman patient from Croatia was diagnosed and treated successfully for complex blind anal fistula at Healing Hands Clinic. The patient was misdiagnosed earlier and later had undergone four unsuccessful surgeries in Croatia in the last five years. Anela has always been an active person [...]
Vedant Fashions makes stellar debut on exchanges; zoom 9%
New Delhi, Feb 16 (PTI) Vedant Fashions, which owns the ethnic wear brand Manyavar, made an impressive debut on exchanges on Wednesday with its stock closing nearly 9 per cent higher over the issue price of Rs 866.On BSE, the scrip opened at a positive note of Rs 936.Intra-day, it had touched a high of [...]
SaaS-based enterprise platform Actyv.ai raises $5 mn
Mumbai, Feb 16 (PTI) Actyv.ai, a SaaS-based enterprise platform with focus on buy-now-pay-later model of funding for small businesses, has raised USD 5 million (around Rs 38 crore) from Dubai-based 1Digi Investment and the family office of Raghunath Subramanian, who is also the chief executive of the startup. The funds raised in the pre-series A [...]
Specialty Chemical Stocks to buy: Recommendations given by Stock Brokers
Specialty chemicals posted strong results in the recent quarter.Top stock brokers have given buy recommendations on certain specialty chemicals and have increased their target price. Specialty Chemicals have had a healthy momentum in Q3FY22 and these stocks have been recommended by several top stockbrokers. ICICI Securities Specialty Chemical Recommendations Brokerage house ICICI Securities expects a [...]
MUMBAI, FEB 16 (PTI)
METAL: IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 746.00 COPPER HEAVY SCRAPS 735.00 COPPER ARMATURE (CREDIT) 714.00 COPPER UTENSILS SCRAP 647.00 CC ROD 804.00 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 16 (PTI) OILS (per 10 Kgs) G.Nut Raw 1365.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1250.00 Sunflower Exp.Ref. 1330.00 Cottonseed(Refined) 1340.00 Refined Palm Oil 1275.00 Soyabean Ref. 1317.00 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 1970.00 Castor [...]
Hines elevates Laura Hines-Pierce as co-CEO
New Delhi, Feb 16 (PTI) Global real estate firm Hines, which has a major presence in India, has promoted Laura Hines-Pierce as the co-CEO of the firm.She joins father Jeff Hines as co-leader of the firm, the US-based company said in a statement.Laura Hines-Pierce has served as Hines' senior managing director in the office of the [...]
Industry body FAITH suggests ‘Vision 35’ road map to achieve tourism goals for India@75
New Delhi, Feb 16 (PTI) The Federation of Associations in Indian Tourism and Hospitality (FAITH) on Wednesday unveiled the 'Vision 2035' road map outlining strategic pillars to achieve tourism goals to mark the 75th year of India's Independence. The vision lays down action goals in multiples of 75 referencing all indicators. These goals target 75 [...]
BML Munjal University’s Leadership Summit 2022 urges Entrepreneurs to Think Sustainably
Theme for the summit is Global Sustainability & the Corporation Gurugram, Haryana, India (NewsVoir) • The summit will see participation from distinguished experts, corporate leaders and policymakers from diverse industries • The two-day virtual summit will bring forth the need to rethink and remodel strategies of organizations towards a more sustainable future BML Munjal University [...]
Mahindra Automotive ties up with Quiklyz for vehicle leasing
Mumbai, Feb 16 (PTI) Mahindra Automotive on Wednesday said it has tied up with vehicle and leasing subscription platform Quiklyz, which allows customers to lease Mahindra vehicles in a hassle-free manner. Following this collaboration, the platform will now be available live on Mahindra Auto's portal and across its dealership network, Mahindra Automotive said in a [...]
RDX Digital Solutions Make it Big at AVA Digital Awards
New Delhi, Delhi, India (NewsVoir) • Wins 11 Awards for e-Annual Reports, Websites and Mobile Apps • Creative work for Hindustan Zinc wins 3 awards and Triveni Engineering and Industries wins 8 awards RDX Digital Solutions (RDX), one of the leading digital agencies specialising in websites, e-commerce sites, mobile apps and corporate reports, made it [...]
PRICES MUM GENERAL OPEN
MUMBAI, FEB 16 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 63045.00 STANDARD GOLD (99.5) : 49242.00 PURE GOLD (99.9) : 49440.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 64300.00 RS. PER KG.SILVER RDY.(PORTION) : 64400.00 RS. PER KG.GOLD (24 CARAT) RDY. : 50400.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 47800.00 RS. PER [...]
MUMBAI, FEB 16 (PTI) Money Market Operations as on FEB 15 2021
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 542,170.92 3.33 0.01-3.55 I. Call Money 8,333.53 3.26 2.00-3.45 II. Triparty Repo 427,951.60 3.33 2.92-3.40 III. Market Repo 105,885.79 3.35 0.01-3.55 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 506.25 [...]
Ensure un-interrupted coal supplies for aluminium industry CPPs: AAI urges CIL
New Delhi, Feb 16 (PTI) The Aluminium Association of India (AAI) has sought the intervention of state-owned CIL with regard to resumption of un-interrupted coal supplies and rakes for aluminium industry captive power plants (CPPs) which are facing alarmingly depleted stocks of dry fuel of three to four days as compared to the prescribed level [...]
Crude oil futures rise on higher demand
New Delhi, Feb 16 (PTI) Crude oil prices rose Rs 87 to Rs 6,978 per barrel on Wednesday, as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the February delivery traded higher by Rs 87, or 1.26 per cent, to Rs 6,978 per barrel in 6,846 [...]
Didn’t live up to customers’ expectations; addressing some gaps on war footing: Vistara CEO
Mumbai, Feb 16 (PTI) Admitting that Vistara fell short of customers' expectations in the last few months, its Chief Executive Officer Vinod Kannan has said the airline is addressing some of the gaps on a war footing while many changes and enhancements are in the offing. Kannan, in a letter to customers, acknowledged that the recent [...]
Vestige Marketing forays into Africa with launch of operations in Ghana
New Delhi, Feb 16 (PTI) Homegrown direct selling firm Vestige Marketing Pvt Ltd on Wednesday announced its foray into the African market with the launch of operations in Ghana. The company will offer a range of health and wellness products from its health supplements, personal care, home care and oral care categories in the initial [...]
Tata Group brands touch all online shoppers; Tata Digital will stitch all assets: Mukesh Bansal
Mumbai, Feb 16 (PTI) The diversified Tata Group touches every online shopper with existing consumer brands and the attempt of Tata Digital will be to bring together all the assets under a single value proposition, the new outfit's president Mukesh Bansal said on Wednesday. The group -- which will be competing head on with Mukesh [...]
Govt’s efforts to make big tech Cos accountable shouldn’t be spun as ‘anti-free speech’: MoS IT
Mumbai, Feb 16 (PTI) Union minister Rajeev Chandrasekhar on Wednesday called for global coordination to make big tech companies like Facebook and Google accountable to the societies they serve and asserted that the country's efforts to create some sort of accountability should not be spun as "anti-free speech". The Minister of State for Electronics and [...]
Web Werks Acquires a Standalone Facility For Its First Data Center In Bengaluru
The new 110,000 square foot data center will offer up to 20 MVA of gross power capacity and up to 10MW of IT load BENGALURU, India, Feb. 16, 2022 /PRNewswire/ -- Web Werks, a leading player in the Indian Data Center and Cloud Services market, has announced the acquisition of an industrial building which will [...]
MG Motor India launches digital car exploration platform
New Delhi, Feb 16 (PTI) MG Motor India on Wednesday launched its digital car exploration platform, MG eXpert that offers customers product discovery and assisted purchase experience online. Using human intervention and augmented reality (AR) technology, MG eXpert brings a full range of flexible and convenient interactions for a holistic purchase experience to customers across [...]
MUMBAI , FEB 16 (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 74.60 76.10 74.54 76.26 EUR/INR 84.04 86.88 83.97 87.05 GBP/INR 100.49 103.70 100.41 103.90 JPY/INR 64.12 66.30 64.07 66.43 CHF/INR 79.83 82.82 79.76 82.98 AUD/INR 52.78 54.95 52.74 [...]
LIC Discloses Rs 21,500 cr of unclaimed funds in their DRHP
State-owned insurance behemoth LIC had unclaimed funds to the tune of Rs 21,539 crore as of September 2021, according to draft prospectus filed for IPO with market regulator Sebi. This includes interest earned over the outstanding unclaimed amount. As per the Draft Red Herring Prospectus (DRHP) filed by the Life Insurance Corporation of India (LIC), [...]
Salary increments in India to touch 5-yr high of 9.9% in 2022: Aon survey
New Delhi, Feb 16 (PTI) Salary increments in India will touch a five-year high of 9.9 per cent in 2022 as organisations are planning to invest in new-age capabilities to build a resilient workforce amid strong economic recovery and positive business sentiment, a survey said on Wednesday. According to leading global professional services firm Aon's [...]
India Jan oilmeal export dips 65% to 1.76 lakh tonnes: SEA
New Delhi, Feb 16 (PTI) The country's oilmeal export declined by 65 per cent year-on-year to 1.76 lakh tonnes in January this year, mainly due to fall in shipments of soyabean and rapeseed meal, industry body SEA said on Wednesday. In January 2021, the country's oilmeal export stood at 5.01 lakh tonnes. During the April-January [...]
ATF prices climb to record high after 5.2% hike
New Delhi, Feb 16 (PTI) Jet fuel prices on Wednesday soared to record high levels across the country after rates were increased by 5.2 per cent in line with a rise in international oil prices. This is the fourth hike in jet fuel or Aviation Turbine Fuel (ATF) prices in less than two months following [...]
Guar seed futures rise on fresh bets
New Delhi, Feb 16 (PTI) Guar seed prices on Wednesday rose by Rs 36 to Rs 6,361 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.On the National Commodity and Derivatives Exchange, guar seed for February contracts increased by Rs 36, or 0.57 per cent, [...]
Insuremile raises funds from Kolkata investors
(Eds: Correcting figure in first para) Kolkata, Feb 16 (PTI) Insuremile has raised pre-seed funding of USD 3,50,000 from two Kolkata-based investors with an aim to take insurance services to the hinterland while empowering over 200 million gig-workforce in the country.The funding was from Ambuja Neotia Group Director Parthiv Neotia, and Indus Net Technologies CEO [...]
Guar gum futures gain on spot demand
New Delhi, Feb 16 (PTI) Guar gum prices on Wednesday gained Rs 100 to Rs 11,845 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 February delivery traded higher 0.85 per cent, or Rs 100, to Rs 11,845 per five [...]
Udaan removes 1-year ESOP cliff, opts for quarterly vesting schedule
New Delhi, Feb 16 (PTI) Udaan, the B2B eCommerce platform, on Wednesday announced an ESOP policy covering all employees and said future allocations will vest every quarter, as it removed the standard one-year cliff. The one year 'cliff' period is a prevalent industry practice that requires employees to wait for a year for their employee [...]
Mankind Pharma to acquire two brands from Dr Reddy’s Laboratories
New Delhi, Feb 16 (PTI) Mankind Pharma on Wednesday said it has inked a pact with Dr Reddy's Laboratories to acquire two brands -- Combihale and Daffy. While Combihale is used for the treatment of asthma and chronic obstructive pulmonary disease, Daffy is a soap-free moisturising bar for infants. Mankind Pharma said the market for [...]
New Global Growth Programme Launched to Incentivise Trade and Investment to and from the UK
Mumbai, Maharashtra, India&West Midlands, United Kingdom – Business Wire India • Dual programme includes bespoke inward investment package designed to support global businesses entering the UK market • Additional export support package offered to businesses from across the West Midlands • Applications now open The West Midlands Global Growth Programme, a new Government-backed incentive package [...]
Vedant Fashions makes positive opening on exchanges; lists with 8% premium
Vedant Fashions, which owns the ethnic wear brand Manyavar, made a positive debut on exchanges on Wednesday as the stock got listed with an 8 per cent premium over the issue price of Rs 866. On BSE, the scrip made an opening at Rs 936, higher by 8.08 per cent in comparison to the issue [...]
JGLS hosts Surana and Surana India Rounds of the 26th Stetson International Environmental Moot Court Competition
The Surana and Surana India National Rounds of the 26th Stetson International Environmental Moot was successfully organized by Jindal Global Law School (JGLS) in association with Surana & Surana International Attorneys in virtual mode from 11th to 13th February 2022. The Stetson Moot is one the world’s largest moot court competitions which is dedicated to [...]
I-T dept conducted searches at multiple premises of Chinese telecom major Huawei
The Income-tax department has conducted searches at multiple premises of Chinese telecom company Huawei in the country as part of a tax evasion investigation, official sources said on Wednesday. The raids were launched at the company's premises in Delhi, Gurugram (Haryana) and Bengaluru in Karnataka on Tuesday. Sources said the officials looked at financial documents, [...]
JournoMed And NSRCEL Announce Media Fellowship 2021-22 For Doctors
Medical practitioners can facilitate responsible and respective reporting on issues related to various aspects of healthcare. Core themes are around mental wellness, health and wellness and technology adoption for medicos. BANGALORE, India, Feb. 16, 2022 /PRNewswire/ -- JournoMed, the health and medical based news platform from MedPiper Technologies, has joined hands with NSRCEL to bring [...]
AyurCann: Asia’s first Ayurvedic Cannabis Wellness Retreat – BOHECO x Poonthottam Ayurvedasram
PALAKKAD, BANGALORE and MUMBAI, India, Feb. 16, 2022 /PRNewswire/ -- Agro-based enterprise, Bombay Hemp Company joins hands with Poonthottam Ayurvedasram to meet the ancient ayurvedic potential of cannabis with human reason. The collaborative venture is called 'AyurCann: Ayurvedic Cannabis Therapies' and is Asia's first Ayurvedic Cannabis Wellness Retreat. BOHECO and Poonthottam launch AyurCann on the [...]
ECoR achieves 200 MT loading milestone in 2021-22 in 320 days
Bhubaneswar, Feb 16 (PTI) The East Coast Railway has achieved 200 MT milestone in loading registering an incremental growth of 26.67 MT and posting an increase of 15 per cent than the corresponding period of last fiscal, from April 1, 2021, to February 14, 2022, an official statement said.During the period, East Coast Railway (ECoR) [...]
Sensex and Nifty start on choppy note
Equity benchmarks Sensex and Nifty opened on a choppy note on Wednesday, tracking weakness in index heavyweights Reliance Industries, SBI and ICICI Bank. Building on Tuesday's stellar rebound, the 30-share Sensex added over 300 points at the opening session but soon lost ground and slipped into the red. The benchmark was last quoted at 58,124.02, [...]
Hiranandani Group Announces Foray into Technology-led Emerging Consumer Services with Tez Platforms
The new venture will introduce a wide gamut of services including social media, gaming & e-sports, blockchain and other emerging tech services MUMBAI, India, Feb. 15, 2022 /PRNewswire/ -- After a successful foray into Datacenters, Cloud Computing and Enterprise Technology offerings with Yotta Infrastructure, the Hiranandani Group is now ready to focus on broader technology-led [...]
China Internet Development Foundation releases ‘Internet in China’ Public Service Advertising Series
BEIJING, Feb. 15, 2022 /PRNewswire/ -- In China, the online ride-hailing service is available in more than 400 cities, with an annual ridership of more than 4.31 billion trips. Every day, we start off a new journey with new relationships and new life. Each time we start off, it is the beginning of a new [...]
RailTel announces consolidated income of Rs 474.15 crore in Q3 of FY22
RailTel Corporation of India announced consolidated income of Rs 474.15 crore in Q3 of FY22, registering a quarter on quarter growth of 24.38 per cent over consolidated income of Rs 381.09 crore in Q2 of FY22, a statement from the company said. RailTel is a Central Public Sector Undertaking (CPSU) under the railway ministry. With [...]
NEWSALERT
Sensex gains 88.53 pts to 58,230.58 in opening trade; Nifty up 31.40 pts at 17,383.85. PTI MKJ MKJ DRR DRR
Infosys BPM to hire 400 skilled workers in Costa Rica this yr
New Delhi, Feb 15 (PTI) Business process management company Infosys BPM plans to hire 400 skilled customer services workers in Costa Rica, the company said on Tuesday. Infosys BPM will provide critical training and growth opportunities to new hires to help ensure success in their respective roles. Infosys BPM in Costa Rica currently has a [...]
By 2024, 40% Indian digital infra tenders to seek vendors info on ESG progress: IDC
New Delhi, Feb 15 (PTI) Around 40 per cent of Indian digital infrastructure tenders by 2024 will ask vendors to submit their environmental initiatives and progress made on the same, market research and analysis firm IDC said on Tuesday. During the release of 'IDC 2022 Future Scape' report, IDC India Research Director for Enterprise Solutions [...]
Lil’ Goodness entering northeast, SE Asia ahead of next round of fundraising
Mumbai, Feb 15 (PTI) Bengaluru-based healthy snacks startup Lil' Goodness is entering the Northeast and three other markets along with Southeast Asia with physical stores, ahead of its next round of fund-raising. The company was founded in 2018 by Harshvardhan S, who set up the online medical consultancy Tata Health, and is backed by [...]
Corp affairs ministry amends rules for LLPs
New Delhi, Feb 15 (PTI) The corporate affairs ministry has amended rules pertaining to Limited Liability Partnerships (LLPs) and has introduced various provisions, including a framework for adjudication of penalties. As per the amended rules, the central government can appoint any of its officers, not below the rank of Registrar, as adjudicating officers for adjudging [...]
Business briefs 5
BARC publishes 210 tech innovations for commercialisation Mumbai, Feb 15 (PTI) Premier research institution BARC on Tuesday said it has published 210 technological innovations for commercialisation, and about 400 licensees are commercialising such breakthroughs for rural and urban areas. K N Vyas, chairman for Atomic Energy Commission, exhorted the industry to come forward and collaborate [...]
Portfolio outstanding for commercial vehicle loans at Rs 3.29 lakh cr as of Sep 2021: Report
Mumbai, Feb 15 (PTI) Portfolio outstanding for commercial vehicle loans (CVL) stood at Rs 3,29,200 crore as of September 2021, a report by credit bureau CRIF High Mark showed. As of September 2021, there were 65.9 lakh active loans for CVL, it added. Portfolio outstanding and active loans for small ticket commercial vehicle loans (SCVL [...]
Infosys BPM to hire 400 skilled workers in Costa Rica by 2022
Bengaluru, Feb 15 (PTI) Infosys BPM, the business process management arm of Bengaluru-headquartered Infosys, on Tuesday announced plans to hire 400 skilled customer services workers in Costa Rica by 2022. Infosys BPM in Costa Rica currently has a skilled workforce of more than 300 people across a diverse portfolio of services, including sales and fulfilment, [...]
Separation of chairperson, MD positions at listed cos will be voluntary, not mandatory: Sebi
New Delhi, Feb 15 (PTI) In a significant move, markets watchdog Sebi on Tuesday decided to implement the requirement to separate the positions of Chairperson and Managing Director at listed companies on a voluntary basis and not make it mandatory for now. The development also comes against the backdrop of Finance Minister Nirmala Sitharaman recently [...]
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