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Penny stock hits 20% upper circuit after company’s net profit increased by 5,340% QoQ
The shares of this microcap company locked a 20 percent upper circuit in Monday’s trading session after announcing an increase in net profits by 5,450 percent. Price Movement: With a market capitalization of Rs. 61.4 crores, the shares of Shrydus Industries Ltd started Monday’s trading session on a higher note at Rs. 17 compared to [...]
Infra stock hits 5% upper circuit after receiving ₹186 Cr work order from Maha Maritime Board
During Monday’s trading session, the shares of a company engaged in the business of civil and defence construction hit a 5 percent upper circuit at Rs. 132.39 on NSE, after the company announced securing a work order worth nearly Rs. 186.7 crores from Maharashtra Maritime Board. With a market capitalisation of Rs. 317.6 crores, the [...]
Defence stock jumps 13% after company’s net profits increased by 210% QoQ
Defence stock engaged in designing, developing, and maintaining wireless and satellite communication products, defence electronics, and many more for the defence, aerospace, and other emerging sectors jumped upto 13 percent in the day’s trade upon reporting its Q2FY25 results with a 210 percent jump in Net Profits. Price Action With a market capitalization of Rs. [...]
Power stock jumps 4% after company to invest ₹2,000 Cr for capacity expansion
Shares of this mid-cap energy sector stock, which specializes in sustainable solutions and digital transformation, surged nearly 4 percent following the announcement of plans to invest Rs.2,000 crore in expanding capacity, portfolio, and talent base to advance sustainable energy. Share Price Movement In Monday’s trading session, the share price of Hitachi Energy India Ltd reached [...]
Waste management stock jumps 9% after receiving ₹908 Cr order from AG Enviro Infra
The shares of the waste processing company gained up to 9 percent after the company bagged a prestigious work order for Rs 908 crore from AG Enviro Infra Projects Private Limited Antony Waste Handling Cell Ltd has a market capitalization of Rs 2,079.84 crore, the shares were trading at Rs 735.60 per share, increasing around [...]
Stock jumps 10% after company announces ₹ 500 Cr fundraise and 1:2 stock split
The shares of the leading jewelry retailer gained up to 10 percent after the company’s board approved fundraising up to Rs 500 crore and a stock split in the ratio of 1:2. With a market capitalization of Rs 11,425.59 crore, the shares of Senco Gold Ltd were trading at Rs 1,470.05 per share, increasing around [...]
Solar Stock: India’s largest solar module manufacturer and its competitors
India's solar industry is poised for continued growth, driven by its vast potential for solar energy production, policy support, and increasing demand for clean energy solutions. It has rapidly grown into one of the largest in the world, with over ~72 GW of installed capacity for solar module manufacturing and 8.1 GW for solar cell [...]
FMCG stock to buy with upside of 40%; Do you hold it?
The beverage industry in India is a robust sector, projected to reach over $72 billion by 2027 for alcoholic beverages alone. The non-alcoholic segment is expected to generate $20 billion in revenue during the same period, showcasing diverse consumer preferences and significant growth potential across various beverage categories. With a market capitalization of Rs 1.82 [...]
Stocks in Focus: 6 Companies announcing Q2 results next week
As the earnings season approaches, investors eagerly await the unveiling of second-quarter results are set to be announced next week. Analysts anticipate insights into companies' financial performance, expecting significant market reactions based on revenue, profit, and strategic outlooks. The outcomes will likely influence market sentiments and investment decisions in the upcoming period. Here are the [...]
Hidden Gem: Defence stock that manufactures submachine guns for Indian Army
With a market capitalization of Rs. 710 crores, the shares of the Special Purpose Machines manufacturing company started Friday’s trading session on a lower note at Rs. 385 compared to its previous close of Rs. 389.70. During the trading session, the shares hit a low of Rs. 375.20, losing around 2 percent and closed the [...]
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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
Cong demands white paper on NSE after SEBI order against former CEO Ramkrishna
New Delhi, Feb 15 (PTI) The Congress on Tuesday asked the government to bring a white paper on the functioning of the National Stock Exchange, after it was revealed that its former CEO Chitra Ramkrishna allegedly acted on the advice of a "spiritual guru''. The opposition party also questioned the silence of Prime Minister Narendra [...]
Cipla promoters sell shares worth over Rs 1,835 cr
New Delhi, Feb 15 (PTI) Two promoters of Cipla Ltd on Tuesday divested shares worth over Rs 1,835.6 crore in the firm, through open market transactions. This represents 2.5 per cent of the total shareholding of the company. According to bulk deal data on the BSE, Mustafa Khwaja Hamied and Yusuf Khwaja Hamied offloaded 67.23 [...]
Business briefs
*Fully Faltoo NFT debutes with over 3k tokens Mumbai, Feb 15 (PTI) Viacom18 has said that the Fully Faltoo non-fungible token (NFT) curated by its Youth Music and English Entertainment cluster collection has debuted with 3,013 tokens.The company aims to create a real-time community of NFT holders, it said in a statement. *** *Bizongo completes [...]
ESIC directs for activating COVID-19 vaccination at all sites
New Delhi, Feb 15 (PTI) The Ministry of Labour and Employment on Tuesday said that Employees' State Insurance Corporation (ESIC) has directed its field formations for activation of COVID-19 vaccination it all sites near its hospitals, dispensaries, etc, to boost coverage. "ESIC, has instructed for activation of COVID-19 vaccination sites at all ESIC/ ESIS hospitals/ [...]
India can add $20 bln to GDP if import dependence on China is halved: Report
Mumbai, Feb 15 (PTI) India can add USD 20 billion to its Gross Domestic Product (GDP) if the country can reduce by 50 per cent the dependence on imports from China by leveraging the production linked incentive schemes, an SBI research report said on Tuesday. In terms of imports, India continued to reduce its trade [...]
RBI launches ‘financial literacy week’ for promoting digital transactions
New Delhi, Feb 15 (PTI) As part of a nationwide campaign to promote financial literacy, the RBI on Tuesday launched an awareness programme on digital banking in a secure manner. The RBI is observing 'financial literacy week' during February 14-18 in order to propagate financial education messages among the public across the country. [...]
India, Australia ink letter of intent on new and renewable energy technology
New Delhi, Feb 15 (PTI) India and Australia on Tuesday inked a letter of intent for working together towards reducing the cost of new and renewable energy technologies and scaling up their deployment to reduce emission globally. The letter of intent (LoI) was signed at the 4th India – Australia Energy Dialogue, as per a [...]
Yes Bank launches start-up enabler programme for agri sector; to infuse equity in select ventures
New Delhi, Feb 15 (PTI) Private sector lender Yes Bank has launched a programme for digital financing solutions in the food and agriculture sector under its start-up enabler initiative, and it will also infuse equity capital in select ventures under this initiative. Announcing the launch of an annual start-up enabler programme, 'Yes Bank Agri Infinity', [...]
ACC commissions 1.6-MTPA grinding unit at Tikaria in UP
New Delhi, Feb 15 (PTI) Cement maker ACC Ltd on Tuesday announced the commissioning of a 1.6-MTPA grinding unit (GU) at Tikaria in Uttar Pradesh. The additional capacity will add 1.6 MTPA (million tonnes per annum) of cement to the existing capacity of 2.31 MTPA, taking the total capacity at Tikaria at 3.91 MTPA, said [...]
Telangana CM statement a lie; states free to buy RE from any developer based on bids: R K Singh
New Delhi, Feb 15 (PTI) Union minister R K Singh on Tuesday dismissed a speech by Telangana Chief Minister and clarified that states are free to hold their own bids and buy renewable energy from any developer based on those bids. He was referring to a speech by Telangana Chief Minister K Chandrashekar Rao on [...]
Punjab & Sind Bank declares IL&FS Tamil Nadu Power as fraud account; outstanding dues at Rs 148 cr
New Delhi, Feb 15 (PTI) Public sector Punjab & Sind Bank (PSB) on Tuesday said it has declared bad asset IL&FS Tamil Nadu Power Company, with dues of over Rs 148 crore, as a fraud account and reported it to the Reserve Bank. As per the bank's policy on determination and disclosures on material events, [...]
Lulu group to invest Rs 400 cr to set up food park in Kerala
New Delhi, Feb 15 (PTI) The UAE-based retail major Lulu Group on Tuesday said it will invest Rs 400 crore to set up food park in Kerala. The announcement was made by Lulu group Chairman Yusuffali MA during food sector exhibition, Gulfood'22 being held in Dubai World Trade Centre. "As part of strengthening its own [...]
Maha budget session in Mumbai from March 3; budget to be tabled on Mar 11
Mumbai, Feb 15 (PTI) The budget session of the Maharashtra legislature will be held in Mumbai between March 3 and March 25. The annual budget will be tabled on March 11, an official said on Tuesday.Earlier, a discussion was held to host the budget session in Nagpur but due to the MLA hostel there being [...]
Lamborghini’s Huracán EVO Fluo Capsule launched in Chennai
Chennai, Feb 15 (PTI) Automaker Lamborghini on Tuesday announced the launch of its sports car, Huracán EVO Fluo Capsule here. The entry also marked the delivery of the country's first Huracán EVO Fluo Capsule in the exterior colour Arancio Livrea to a customer in the city, a company release said. "The car is a Valentine's [...]
Capital A launches USD 10-million fund to boost EV ecosystem in India
New Delhi, Feb 15 (PTI) Capital A, a venture fund for seed to early-stage meaningful start-ups, on Tuesday announced the launch of a USD 10-million (around Rs 75 crore) cleantech fund that will be utilised for funding electric vehicles (EVs) and related ecosystem like battery charging start-ups. The fund, which has been christened as Evolve, [...]
Torrent Power acquires 25 MW solar plant for Rs 163 cr
New Delhi, Feb 15 (PTI) Torrent Power on Tuesday said it has concluded the transaction to acquire a 25 MW solar power plant for about Rs 163 crore. It has acquired 100 per cent stake of Visual Percept Solar Projects Pvt Ltd, a special purpose vehicle (SPV). "The company has, pursuant to share purchase agreement [...]
Ad spends growth to slip to Rs 1.08 lakh cr in 2022; digital set to pip TV
Mumbai, Feb 15 (PTI) Advertising spends growth in India is estimated to slip to 22 per cent to Rs 1.08 lakh crore in 2022, which will witness the digital medium overtake television, a report said on Tuesday. In 2021, Indian advertising grew 26.5 per cent to Rs 88,334 crore but much of the gains were [...]
After Glance, InMobi’s Roposo to enter business deal with Reliance Retail
New Delhi, Feb 15 (PTI) Digital technology firm InMobi's social media arm Roposo is in discussions with Reliance Retail for a social commerce related business deal which is expected to be rolled out in the next two quarters, a top official said on Tuesday. SoftBank-backed InMobi's co-founder and CEO Naveen Tewari told PTI in an [...]
Gujarat govt signs pact with leading BPM firm for strategic partnership under IT policy
Ahmedabad, Feb 15 (PTI) The Gujarat government has signed a pact with a leading business process management (BPM) firm for strategic partnership under the state's newly launched IT/ITeS policy, according to an official statement released on Tuesday. This is the first-ever agreement, which was signed after the Gujarat government unveiled its information technology and IT-enabled [...]
SC permits FRL to move Delhi HC for continuation of its merger proceedings with Reliance Retail before NCLT
New Delhi, Feb 15 (PTI) The Supreme Court Tuesday granted liberty to Future Retail Ltd (FRL) to move the Delhi High Court for seeking continuation of its merger proceedings with Reliance Retail before the National Company Law Tribunal (NCLT) beyond the eighth stage of meeting of shareholders and creditors.A bench headed by Chief Justice N [...]
SJVN CMD inaugurates river diversion of 66-MW Dhaulasidh Hydro Power Project
New Delhi, Feb 15 (PTI) State-owned SJVN Ltd Chairman and Managing Director Nand Lal Sharma on Tuesday inaugurated the river diversion arrangement of 66-megawatt (MW) Dhaulasidh Hydro Electric Project at Hamirpur, Himachal Pradesh. "Nand Lal Sharma, chairman and managing director of SJVN, today (on Tuesday) inaugurated the river diversion arrangement of 66-MW Dhaulasidh Hydro Electric [...]
Delhi HC dismisses Zostel’s plea against OYO
The Delhi High Court has refused to interfere with Oravel Stays' move to make an initial public offering (IPO) and dismissed a plea by Zostel Hospitality claiming seven per cent equity shares of OYO's parent firm (Oravel Stay's) pursuant to an arbitration award in its favour. Justice C Hari Shankar stated that there was no [...]
Start-up firm Automovill launches accidental claims app to reduce cost
Guwahati, Feb 15 (PTI) Mobility start-up Automovill has introduced a mobile application for registration and processing of accidental claims for all motor insurance agents and brokers across the country, an official said on Tuesday. The objective of the initiative is to reduce claim costs by bringing more efficiency into the system for all stakeholders, including [...]
Hexaware to add 10,000 more to headcount in 2022
Mumbai, Feb 15 (PTI) To offset the high attrition rate and execute about USD 2-billion order pipeline, global private equity major Carlyle Group-controlled Hexaware Technologies is adding 10,000 more to its 25,000-strong headcount this year, a senior company official has said. Last October, the Carlyle Group offered a reported USD 3 billion to Baring Private [...]
Aditya Birla Group invests undisclosed sum in digital bank in UAE
Mumbai, Feb 15 (PTI) The Aditya Birla Group has invested an undisclosed amount in Zand, an upcoming digital bank in the United Arab Emirates (UAE). The USD 45-billion diversified conglomerate joins other investors like Franklin Templeton, Al Hail Holding LLC, Al Sayyah and Sons Investments LLC, Global Development Group, Mohamed Alabbar, Olivier Crespin, and Yusuff [...]
Road ministry makes significant progress under ‘Gati Shakti’ national plan
New Delhi, Feb 15 (PTI) Ministry of Road Transport and Highways on Tuesday said it has made significant progress under PM Gati Shakti National Master Plan aimed at improving multi-modal connectivity and last mile connectivity across the country. Gati Shakti is a digital platform that will bring 16 ministries, including railways and roadways together, for [...]
NBCC Q3 net profit down 10 pc to Rs 87 cr
New Delhi, Feb 15 (PTI) State-owned NBCC Ltd has reported a 10 per cent decline in consolidated net profit at Rs 87.03 crore for the quarter ended December.Its profit stood at Rs 96.98 crore in the year-ago period.Total income also fell to Rs 2,056.31 crore in the third quarter of the fiscal from Rs 2,149.17 [...]
MRPL to get new ED
Mangaluru, Feb 15 (PTI) Shyamprasad Kamath Mundkur has been appointed as executive director (refinery) of Mangalore Refinery and Petrochemicals Limited (MRPL) with effect from June 1, 2022, a company release here said. A native of Mangalore, Kamath is currently holding the post of group general manager (technical services) at MRPL. Kamath had joined MRPL in [...]
Market Speculation made this stock jump 625% in less than 2 months
Market speculation involves trading in financial instruments with the expectation of making significant returns, even if the high risk is involved. The motive is to make use of market fluctuations for one’s advantage. This usually happens with securities where price movements are frequent and volatile. Sensex and Nifty reached record highs in 2021 after many [...]
Social harmony part of govt and BJP’s thought process: IT minister Vaishnaw
Mumbai, Feb 15 (PTI) Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, on Tuesday said the government and the ruling BJP have social harmony and inclusive development as a part of their thought process. “We as the government, in BJP, we believe in inclusive development, we believe in 'Antodaya' as a major philosophy, as [...]
Maha budget session in Mumbai from March 3; budget to be tabled on Mar 11
Mumbai, Feb 15 (PTI) The budget session of the Maharashtra legislature will be held in Mumbai between March 3 and March 25. The annual budget will be tabled on March 11, an official said on Tuesday. Earlier, a discussion was held to host the budget session in Nagpur but due to the MLA hostel there [...]
Rupee surges 28 paise to close at 75.32 against US dollar
Mumbai, Feb 15 (PTI) Snapping its five-session losing streak, the rupee surged 28 paise to close at 75.32 against the US dollar on Tuesday amid signs of easing Russia-Ukraine tensions. A recovery in domestic equities and weakness of the greenback overseas further helped the domestic currency, analysts said. At the interbank forex market, the local [...]
India to be self-dependent in coal production for thermal power generation by 2024: Secy
Nagpur, Feb 15 (PTI) Coal Secretary Anil Kumar Jain on Tuesday said the import of coal for thermal power generation will end in India by 2024 and the domestic production of the dry-fuel is expected to rise by 10 per cent. Jain was in Nagpur for a review meeting with Western Coalfields Ltd (WCL), a [...]
PM Modi to virtually inaugurate bio-CNG plant in Indore on Feb 19
Bhopal, Feb 15 (PTI) Prime Minister Narendra Modi will virtually inaugurate the 550 TPD (tonne per day) capacity Bio-CNG plant at Indore in Madhya Pradesh on February 19, a state government official said on Tuesday. Besides inaugurating this plant, the prime minister will interact with Swacchata entrepreneurs of Bhopal, Indore and Dewas on the occasion, [...]
RapiPay forays into Digital Banking, raises USD 15 million
• To build India's largest digital banking and financial ecosystem and scale up existing payments business • To launch a first of its kind Super App for Digital Banking and Financial Services NEW DELHI, Feb. 15, 2022 /PRNewswire/ -- Consolidating its position as a leader in the Fintech industry, RapiPay has raised $15 million in [...]
Booklet on Cancer and its Treatment Released on World Cancer Day at Dr. Kamakshi Memorial Hospital
Chennai, Tamil Nadu, India (NewsVoir) 'CLOSE THE CARE GAP' was the theme of World Cancer Day 2022, celebrated each year on February 4th. The theme signifies the need to spread awareness on cancer and available treatment modalities, while also making treatment accessible to more patients. Dr. Kamakshi Memorial Hospital was established in 2005, and this [...]
GPM Architects & Planners completes 40+ Years of Trust & Legacy
NEW DELHI, Feb. 15, 2022 /PRNewswire/ -- GPM Architects & Planners is one of India's leading architecture practises and has recently completed 40 years of excellence and expertise in the industry. With a strength of more than 175 professionals, the firm specialises in efficient and economic 'Concept to Completion' services for all genres: Mixed-Use, Commercial, [...]
Adani Wilmar shares up over 2 pc after strong Q3 result
New Delhi, Feb 15 (PTI) Shares of Adani Wilmar on Tuesday pared early gains but managed to close 2 per cent higher after the company posted a 66 per cent jump in consolidated net profit to Rs 211.41 crore for the December 2021 quarter.On BSE, the scrip closed at Rs 383.85, higher by 1.98 per [...]
Indian businesses rank 5th in their concern for climate change: Report
New Delhi, Feb 15 (PTI) Indian businesses have ranked fifth based on their concern for climate change and Indian companies are more likely to be implementing tougher climate actions compared with their global counterpart, advisory firm Deloitte said in a report on Tuesday. The Deloitte survey, done across 21 countries during September-October 2021, has found [...]
MUMMBAI, FEB 15
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 64440.00 63105.00 STANDARD GOLD (99.5) : 50154.00 49379.00 PURE GOLD (99.9) : 50356.00 49578.00 --------------- PTI MUM SVC SVC SVC
Sensex claws back lost ground with 1,736 pts leap
Equity indices staged a stellar comeback on Tuesday after suffering their worst losses in a year in the previous session as bargain hunters piled into energy, finance and IT stocks amid signs of easing Russia-Ukraine tensions. European markets clambered up following reports that some Russian troops near Ukraine were returning to their bases, which could [...]
Power minister to interact with students, think tanks in renewable energy event
New Delhi, Feb 15 (PTI) Union minister R K Singh will interact with students and think tanks during a three-day event on renewable energy beginning Wednesday. The programme 'New Frontiers' will be conducted by Ministry of New & Renewable Energy as part of 'Azadi ka Amrit Mahotsav'. According to a ministry statement, a physical event [...]
Initiate next generation reforms to improve ease of doing biz: Sitharaman tells Sebi
New Delhi, Feb 15 (PTI) Finance Minister Nirmala Sitharaman on Tuesday asked Sebi to initiate the next generation reforms to improve the ease of doing business and also be prepared to deal with possible market turbulence in the wake of actions by the US Federal Reserve. Addressing the board of Sebi, Sitharaman appreciated the initiatives [...]
Renault Kiger gets 4-star adult safety rating in Global NCAP crash test
New Delhi, Feb 15 (PTI) Automaker Renault on Tuesday said its sub-four metre compact SUV Kiger has received four-star safety rating for adult occupant safety by Global NCAP, the foremost global car assessment programme. Five stars indicates the highest score while zero star rating points to the minimum score during the vehicle crash test. "Safety [...]
Separation of Chairperson, MD positions at listed cos will be voluntary: Sebi
New Delhi, Feb 15 (PTI) Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions at listed companies will not be mandatory and will be implemented on a voluntary basis. The listed entities were required to split the roles before April 2022. [...]
IndiGo to upgrade navigation technology in its A320 aircraft
New Delhi, Feb 15 (PTI) The country's largest airline IndiGo has chosen NAVBLUE, an Airbus Services company, to upgrade navigation technology in some of its A320 planes and that will help pilots to navigate challenging airspaces with more precision and predictability. The leading carrier will upgrade a part of its A320 aircraft fleet with RNP [...]
Additional capital support to IDBI Bank may have adverse impact on LIC: DRHP
New Delhi, Feb 15 (PTI) Any additional fund infusion by LIC in its associate, IDBI Bank, may have an adverse effect on the financial condition of the insurance behemoth, according to the recently filed draft prospectus. LIC had infused Rs 4,743 crore into IDBI Bank on October 23, 2019 using policyholders’ funds while the bank [...]
Despite rising inflation, RBI unlikely to hike rates till Aug: Report
Despite retail inflation rising to 6.01 per cent in January, and likely to remain elevated till April, a foreign brokerage report expects RBI to leave key policy rates unchanged throughout the first half of 2022. Swiss brokerage UBS Securities India sees the policy to change only from the second half wherein the Monetary Policy Committee [...]
Indian IT sector to grow 15.5% to USD 227 bn in FY22, fastest in a decade: Nasscom
Mumbai, Feb 15 (PTI) India's IT sector is set to grow at 15.5 per cent – the fastest in over a decade – to USD 227 billion in FY22, as the pandemic pushes up demand for digitisation at companies across the world, industry grouping Nasscom said on Tuesday. The revenue growth is much higher than [...]
NEWSALERT
Separation of Chairperson and MD/CEO positions at listed cos will be voluntary, not mandatory: Sebi. PTI SP RAM
Communication skills platform PlanetSpark to hire over 10,000 English teachers this yr
Mumbai, Feb 15 (PTI) Edtech PlanetSpark on Tuesday said the company is planning to recruit over 10,000 English teachers in 2022, to strengthen its market presence. The company already has over 2,100 teachers on the platform, PlanetSpark said in a statement. PlanetSpark had raised a Series-B round of USD 13.5 million led by Prime Venture [...]
Uninterrupted broadband connectivity, power needed to expand in smaller cities: IT sector to govt
Mumbai, Feb 15 (PTI) The USD 227-billion domestic information technology industry on Tuesday sought uninterrupted power supply and broadband connectivity from the government to expand into smaller cities of the country. Along with the infrastructure support, the presence of people with sufficient skill sets, a world-class place of work learning for the kids, and sufficient [...]
MUMBAI, FEB 15 (PTI)
METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 746.00 COPPER HEAVY SCRAPS 735.00 COPPER ARMATURE (CREDIT) 711.00 COPPER UTENSILS SCRAP 647.00 CC ROD 802.00 BRASS :- BRASS SHEET CUTTING 540.00 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 15 (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. 1320.00 Imp.Soyabean Crude - Rapeseed Ref. 1570.00 Rapeseed Exp. 1540.00 Copra white 1500.00 Rice Bran 4-7% FFA - Rice Bran 1230.00 Linseed 1950.00 Castor [...]
Hiranandani group enters tech-led emerging consumer services biz; invests Rs 1,000 cr
New Delhi, Feb 15 (PTI) Realty firm Hiranandani group on Tuesday said the company has forayed into the technology-led consumer services business with an initial investment of Rs 1,000 crore. The new venture -- Tez Platforms -- will focus on opportunities in the arena of social media, entertainment, gaming and e-sports, e-commerce, personal mobility, artificial intelligence [...]
Guar seed futures decline on low demand
New Delhi, Feb 15 (PTI) Guar seed prices on Tuesday declined by Rs 20 to Rs 6,340 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery was trading down by Rs 20, or 0.31 per cent, at Rs 6,340 per 10 quintal with an open interest [...]
Guar gum futures fall on low demand
New Delhi, Feb 15 (PTI) Guar gum prices on Tuesday fell Rs 133 to Rs 11,784 per five quintal in futures market as traders offloaded their holdings in line with weak trend in spot market.On the National Commodity and Derivatives Exchange, guar gum for February delivery fell by Rs 133, or 1.12 per cent, to [...]
Manappuram Finance slumps over 11% on weak Q3 results
Shares of Manappuram Finance on Tuesday slumped nearly 11 per cent after the company reported a nearly 46 per cent decline in consolidated net profit at Rs 261 crore for the quarter ended December 2021. On BSE, the shares fell 10.77 per cent to close at Rs 127.6 apiece. During the day, it touched its [...]
McDonald’s west and south to offer books to children in Happy Meal
New Delhi, Feb 15 (PTI) Quick service restaurant McDonald's India (west and south) is now offering free books to the children with their Happy Meal, to promote and encourage reading habits among them. Now, a Happy Meal will contain a choice of burger, a beverage, a cup of hot, steamed corn, and an intriguing book [...]
ABG Shipyard Scam – All you need to know about India’s Biggest Bank Fraud
ABG Shipyard Limited has become bankrupt and SBI has lodged a complaint with the CBI regarding a fraud that amounts to ₹22,842 crores.E&Y was appointed as the forensic auditor and the first complaint was filed with CBI in November 2019. ABG Shipyard Limited is undergoing liquidation under an NCLT driven process.ABG Shipyard has been accused [...]
Don’t be afraid of Heart failure, treatment available for every stage
Heart failure is a common complex clinical syndrome of symptoms and signs caused by impairment of the heart’s action. It is a life-threatening disease and addressing it, should be considered a global healthpriority. At present, approximately 26 million people worldwide are living with heart failure. Theoutlook for such patients is poor, with the rising mortality [...]
Kia drives in all new Carens with introductory price tag of Rs 8.99 lakh
New Delhi, Feb 15 (PTI) Automaker Kia India on Tuesday launched its fourth product -- the all-new three-row model Carens -- in the domestic market, with an introductory price ranging between Rs 8.99 lakh and Rs 16.99 lakh (ex-showroom). The model featuring six and seven seating options, which the company refers to as a recreational [...]
Running out of coal, Gehlot taps Sonia to get mines started in Chhattisgarh
New Delhi, Feb 15 (PTI) Warning of a power crisis in the state, Rajasthan Chief Minister Ashok Gehlot has tapped Congress President Sonia Gandhi for the second time in three months to get Chhattisgarh to speed up clearances for mining coal for power plants. Power generation units in Rajasthan have an allocation of coal from [...]
Need to change definition of Indian company in Companies Act: CEAI former president to PM
New Delhi, Feb 15 (PTI) Consulting engineers Association of India (CEAI) former president K K Kapila has written to Prime Minister Narendra Modi, saying there is an urgent need to change the definition of Indian company in the Companies Act to make the country self-reliant. "The current definition of an Indian company is 'any company [...]
Saksoft Pte Acquires MC Consulting Pte
This acquisition reinforces Saksoft Group's market position as a solution provider to the Logistics & Transportation industry SINGAPORE, Feb. 15, 2022 /PRNewswire/ -- Saksoft Limited (NSE: SAKSOFT) (BSE: 590051), a leading digital transformation solution provider, announced that its Singapore Subsidiary, (Saksoft Pte Ltd) has completed the acquisition of Singapore based MC Consulting Pte. (www.mcconsulting.com). Speaking [...]
Superb response to govt’s semiconductor manufacturing push, says Vaishnaw
Union Minister for Electronics and IT Ashwini Vaishnaw on Tuesday welcomed the "superb" response from the industry for the government's semiconductor manufacturing initiatives. Speaking at the IT industry grouping Nassom’s strategic review press conference, Vaishnaw also exhorted the industry to "double down" on its efforts. The Union Cabinet had on December 15 approved a Rs [...]
Crude oil futures dip on weak demand
New Delhi, Feb 15 (PTI) Crude oil prices fell Rs 36 to Rs 7,072 per barrel on Tuesday after participants reduced their positions. On the Multi Commodity Exchange, crude oil for the February delivery dropped by Rs 36, or 0.51 per cent, to Rs 7,072 per barrel with a business volume of 9,481 lots. Analysts [...]
LetsVenture Rebrands it’s Brand Identity and Upgrades its Platform for Angel Investors
Bengaluru, Karnataka, India (NewsVoir) • LetsVenture rebrands with a new tagline - LetsVenture Together • Introduces an upgraded user experience & interface for angel investors • Aims to double investors & founders on the platform with programmes in 2022 LetsVenture, India’s leading early stage platform for investors and founders, that counts marquee investors such as [...]
Kauvery Hospital Successfully Treats a Unique Case of Dengue presenting as Stroke
Chennai, Tamil Nadu, India (NewsVoir) Kauvery Hospital Chennai, a unit of Kauvery Group of Hospitals, a leading multispecialty healthcare chain in Tamil Nadu, today announced the successful treatment of a unique case of dengue presenting with a stroke syndrome. The 42-year-old man was brought to the hospital with complaints of acute Speech Disturbance - Acute [...]
Coffee Day Global Q3 revenue up 28%; loss at Rs 23 cr
Coffee Day Global Ltd, which operates coffee chain CCD, has posted 27.58 per cent growth in net operational revenue at Rs 157.86 crore and narrowing of loss to Rs 23.01 crore, for December quarter 2021-22. The Cafe Coffee Day chain operator had logged a net operational revenue of Rs 123.73 for the year-ago period. Its [...]
Shriram Properties posts Rs 13.2 cr profit in Dec qtr
New Delhi, Feb 15 (PTI) Shriram Properties has posted a net profit of Rs 13.21 crore for the quarter ended December. It had posted a net loss of Rs 27.16 crore in the year-ago period, the company said. Total income, however, fell to Rs 130.12 crore in the third quarter of the fiscal from Rs [...]
JB Chemicals & Pharmaceuticals Limited (JB) Reports Revenue growth of 10% to INR 601 crores in Q3 FY22
As per IQVIA, JB was the fastest-growing company among the top 30 companies for CY 2021 Mumbai (Maharashtra) [India], February 15: J. B. Chemicals & Pharmaceuticals Limited (JB), one of the fastest-growing pharmaceutical companies in India, announced its financial results for the third quarter ended 31st December 2021. For the third quarter ended 31st December [...]
VEGA to Educate Consumers on At-home Styling and DIY Solutions
New Delhi, Delhi, India (NewsVoir) • Ananya Panday to be the face of the new campaign focusing Hair Grooming VEGA, a distinguished name in At-Home Styling, Personal Care Appliances and Beauty Care Accessories, has launched an all-new digital campaign to increase awareness around At-home Styling and DIY grooming solutions. The campaign is a first-of-its-kind, which [...]
Two Cipla promoters sell 2 cr shares; promoter group now holds 34.23% in company
Two senior members of the promoter family of homegrown pharmaceutical major Cipla Ltd on Tuesday sold over 2 crore shares representing 2.5 per cent of total issued and paid-up share capital, the company said in a regulatory filing. Chairman Y K Hamied and Vice Chairman MK Hamied, who are non-executive directors and promoters, have sold [...]
Staffing troubles in IT sector: Nasscom feels attrition problem may have hit its peak
Mumbai, Feb 15 (PTI) Industry lobby Nasscom on Tuesday said the problem of attrition afflicting the Indian IT sector may have hit its peak. Its vice chairman Krishnan Ramanujam said if one looks at the data from the top-10 IT companies for the December quarter announced recently, attrition levels seem to be plateauing if not [...]
MUMBAI, FEB 15 (PTI)
OPENING RATES SILVER SPOT (IN RS PER KILO): 64440.00 STANDARD GOLD (99.5) : 50154.00 PURE GOLD (99.9) : 50356.00 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 10 GMS.HALLMARKED GOLD(22 CARAT) [...]
Park+, goEgoNetwork tie up to deploy EV charging infra in India
New Delhi, Feb 15 (PTI) Car parking solutions startup Park+ and electric vehicle charging network firm, goEgoNetwork on Tuesday announced a collaboration to deploy EV charging infrastructure in India. Under the collaboration, a network of EV charging infrastructure will be set up initially in five cities, starting with Delhi-NCR, and will cover top 20 cities [...]
Navars Edutech to Launch 100 Satellite Constellations in the Next 5 Years in Collaboration with Skyroot Aerospace
Hyderabad, Telangana, India (NewsVoir) Hyderabad-based space startup “Navars Edutech” envisages launching 100 student-developed satellites constellation with Skyroot Aerospace as a launch partner in the next five years. This partnership enables NavarsEdutech to become India’s first Space Education startup for K12 students to design and launch satellites to space, using an indigenously developed private launch vehicle [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI , FEB 15 (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 74.85 76.35 74.79 76.51 EUR/INR 84.13 87.01 84.06 87.18 GBP/INR 100.75 103.96 100.67 104.17 JPY/INR 64.41 66.60 [...]
MUMBAI, FEB 15 (PTI) Money Market Operations as on FEB 14 2021
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 507,832.62 3.37 0.50-3.60 I. Call Money 7,979.50 3.27 2.20-3.60 II. Triparty Repo 395,884.50 3.37 3.31-3.60 III. Market Repo 103,968.62 3.38 0.50-3.55 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 365.70 [...]
Mahindra Finance raises Rs 500 cr by issuing bonds
New Delhi, Feb 15 (PTI) Mahindra & Mahindra Financial Services (Mahindra Finance) on Tuesday said it has raised an amount aggregating Rs 500 crore by issuing secured bonds. A meeting of the committee of the board was held on Tuesday, February 15, 2022, approving the allotment of 5,000 secured redeemable non-convertible debentures aggregating to Rs [...]
Kia drives in Carens with starting price tag of Rs 8.99 lakh
New Delhi, Feb 15 (PTI) Automaker Kia India on Tuesday launched its fourth product -- Carens -- in the domestic market, with the introductory price ranging between Rs 8.99 lakh and Rs 16.99 lakh (ex-showroom). The three-row model featuring six and seven seating options, which the company refers to as a recreational vehicle (RV), competes [...]
Signature ‘Made in India’ perfume from Kannauj inspired by Indian spices, traditional scents launched in New York
New York, Feb 15 (PTI) A signature 'Made in India' perfume inspired by Indian spices and traditional scents, developed in the country’s perfume capital Kannauj was launched in New York, in a first of its kind effort to bring India’s traditional fragrance industry to the global stage.Zighrana, an Indian essence and wellness products company hailing [...]
Celebrations-focused ecommerce startup Join Ventures raises $10 mn
Mumbai, Feb 15 (PTI) Join Ventures, which is a direct-to-consumer ecommerce platform focused on celebration items like flowers with brands such as IGP, Interflora, and Masqa, has raised USD 10 million (over Rs 75 crore) in series-A funding from leading investors. The investors who on-boarded the startup include DSG Consumer Partners, the Rajiv Dadlani Group, [...]
Macleods Pharmaceuticals files draft papers with Sebi for Rs 5,000-cr IPO
Macleods Pharmaceuticals has filed preliminary papers with capital markets regulator Sebi to mop-up Rs 5,000 crore through an initial public offering (IPO). The initial share-sale is entirely an offer-for-sale (OFS) of up to 6.05 crore equity shares by promoters, according to the draft red herring prospectus (DRHP). As per the DRHP, a portion of the [...]
Amway partners IIT Bombay to accelerate research in fields of nutraceuticals, herbal supplements
New Delhi, Feb 15 (PTI) Direct selling major Amway India on Tuesday said it has partnered with IIT Bombay to accelerate research in the fields of nutraceuticals, botanicals and herbal supplements. Under the partnership, a team of in-house Amway researchers in collaboration with IIT Bombay will work to bring breakthrough innovation in the identified areas [...]
Semaai raises USD 1.25 mn in pre-seed funding
New Delhi, Feb 15 (PTI) Indonesia-based agri-tech startup Semaai on Tuesday said it has raised USD 1.25 million (Rs 8.75 crore) in a funding round. The pre-seed funding round was led by Surge, Sequoia Capital India's rapid scale-up program for startups in India and Southeast Asia, and Beenext. While Semaai primarily operates in Central Java, [...]
Lifelong commitment is required by patients to Beat Heart Failure
Our heart is a pump designed to beat endlessly throughout our life without a break. Due to poor lifestyle choices, associated co-morbidities, aging, or infections, the heart muscles may either weaken or get damaged. This weakening of the heart muscles is known as heart failure. In India, heart failure patients are ten-year younger compared to [...]
Ather Energy to be ‘principle partner’ of IPL cricket franchise Gujarat Titans
New Delhi, Feb 15 (PTI) Electric two-wheeler maker Ather Energy on Tuesday said it has signed a multi-year deal with the newly formed IPL franchise Gujarat Titans to be its principal partner. The partnership starting from this season of 2022 will see the Ather Energy brand on the front of the Gujarat Titans' official team [...]
Kenko Health raises USD 12 mn in funding round led by Sequoia Capital
New Delhi, Feb 15 (PTI) Healthtech startup Kenko Health on Tuesday said it has raised USD 12 million (around Rs 90 crore) in a funding round led by Sequoia Capital. The Series A round also saw participation from Beenext, Orios, 9Unicorns and Waveform. The Bengaluru-based Kenko Health provides subscription-based service that covers health expenses across [...]
Indian IT revenues grow fastest in a decade to USD 227 bn in pandemic-hit FY22
Mumbai, Feb 15 (PTI) India's information technology sector is set to become a USD 227 billion industry in FY'22, registering a 15.5 per cent growth, industry body Nasscom said on Tuesday. The 15.5 per cent growth is the highest in over a decade and Nasscom's president Debjani Ghosh termed it as a year of resurgence, [...]
Somarka brings to India the Secret to Total Body Revitalization through Coherent Water
Created by Dutch scientists, coherent water holds the key to a powerful immune system! In a study, within just three months, 99% of participants experienced an incredible 1-12 years of biological age reversal Mumbai, Maharashtra, India (NewsVoir) For the first time in India, the rejuvenating power of coherent water gets addressed and commercialized by Somarka, [...]
Adani Wilmar shares up over 7% on strong Q3 results
Shares of Adani Wilmar jumped over 7 per cent on Tuesday a day after the company posted a 66 per cent jump in consolidated net profit to Rs 211.41 crore for the December 2021 quarter. On the BSE, the shares were trading 7.33 per cent higher at Rs 404. Similarly, on the NSE, the scrip [...]
PayU announces integration with BigCommerce to boost SMB digitalization
NEW DELHI, Feb. 15, 2022 /PRNewswire/ -- PayU today announced its integration with BigCommerce, an Open SaaS ecommerce platform for fast-growing and established brands. As a result of this integration, PayU can now provide payment infrastructure & solutions to BigCommerce's small- to-medium-sized merchants in India. The BigCommerce platform provides ecommerce services to retailers, including online [...]
OPPO Reno7 5G Smart Phone Awarded TÜV SÜD 36-Month Fluency Rating A Mark
PUNE, India and SHENZHEN, China, Feb. 15, 2022 /PRNewswire/ -- TÜV SÜD recently granted the TÜV SÜD 36-Month Fluency Rating A Mark to the OPPO Reno7 5G smart phone, which means that the smart phone complies with the technical standard for 36-Month Fluency Rating formulated by TÜV SÜD. That is to say, the OPPO Reno7 [...]
Sri Lankan FM to visit India to formalise economic relief package
Colombo, Feb 15 (PTI) Sri Lanka’s Finance Minister Basil Rajapaksa will visit India in a fortnight to formalise India’s economic relief package for the island nation facing a serious forex crisis, Foreign Minister G L Peiris said on Tuesday. In January, India announced a USD 900 million loan to Sri Lanka to build up its [...]
AMD says Xilinx acquisition will double its presence in India
New Delhi, Feb 15 (PTI) Computer chip company AMD has said that the acquisition of fabless semiconductor company Xilinx will double its presence in India. AMD has acquired Xilinx for USD 35 billion, which is the biggest acquisition deal in the semiconductor segment. "It is a momentous occasion for AMD as we close the acquisition [...]
Ceinsys Tech eyes global expansion; appoints Prashant Kamat as CEO and Vice Chairman of the board to lead foray into the international markets
NAGPUR, India, Feb. 15, 2022 /PRNewswire/ -- Ceinsys Tech Limited (a company listed on Bombay Stock Exchange), which has established itself as a preferred Geospatial, Engineering & Enterprise solutions provider for major infrastructure projects, post acquiring a 100% stake in AllyGrow Technologies, has appointed Mr. Prashant Kamat as CEO & Vice Chairman of the board. [...]
Retail sales in Jan affected by COVID-19 restrictions, at 91% of pre-pandemic levels: RAI
New Delhi, Feb 15 (PTI) Retail sales in January this year suffered due to the restrictions imposed by states to curb the third wave of the coronavirus pandemic, Retailers Association of India (RAI) said on Tuesday. In its latest business survey, RAI said retail sales last month were at 91 per cent of the pre-pandemic [...]
St Kitts and Nevis is improving its education sector and wealthy Indian parentsare noticing
The University of Medicine and Health Sciences (UMHS) campus in St Kitts and Nevis (Source: UMHS) The Ministry of Education of the Federation of St Kitts and Nevis says itis putting a lot of effort into the critical activities specified in the Education Section Plan for 2020-2021. Last week, Dr Tricia Esdaille, Senior Assistant Secretary [...]
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