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5 Stocks to benefit after PM Modi announces ₹10,000 Cr water sanitation projects
Prime Minister Narendra Modi has laid the foundation stone for various sanitation and cleanliness initiatives valued at over Rs.9,600 crore, encompassing the AMRUT and AMRUT 2.0 schemes, the National Mission for Clean Ganga, and the GOBARdhan Scheme. This includes projects exceeding Rs.6,800 crore aimed at improving urban water and sewage systems under AMRUT and AMRUT [...]
Smallcap stock with 13000 PE in which Vijay Kedia bought fresh stake
One of the effective methods for assessing whether a stock is undervalued or overvalued is by analysing key metrics such as the Price-to-Earnings (P/E) ratio and the industry P/E average. The P/E ratio or Price-to-Earnings ratio compares the current share price to the earnings per share (EPS) of a company, serving as a widely recognized [...]
5 Stocks to benefit after Govt approves metro projects worth ₹63,246 Cr
The Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of the Ministry of Housing & Urban Affairs for Chennai Metro rail project phase-II comprising three corridors with a capital outlay of Rs. 63,246 Crores. The corridors connect North to South and East to West of Chennai, passing through the major influence areas [...]
Alcohol stocks that generate high revenue from exports to International markets
India's alcoholic beverage industry ranks as the third-largest globally, with an annual consumption of approximately 970 crore liters, valued at around Rs.4.5 lakh crore, contributing significantly to both state and central revenues. Exporting alcoholic beverages is vital for alcohol companies as it creates new revenue streams and boosts overall profitability. Access to international markets enables [...]
Stocks to benefit after Gov approves ₹10,103 Cr outlay for cooking oils
According to the Ministry of Agriculture, India's edible oils and oilseeds industry in FY 24 is pivotal, with oilseeds production forecasted at 41.9 million metric tons. Despite a 2.6% decline in edible oil imports to 10.09 million tons, the country still relies on imports for about 55-60% of its edible oil needs, highlighting ongoing challenges [...]
3 Stocks that have significant dependency on the Chinese market
As India and China navigate the balance between diplomacy and potential conflict, Indian businesses are actively seeking to reduce their dependency on Chinese products and investments. Additionally, the China Plus One strategy has emerged as a pivotal approach for multinational corporations (MNCs) looking to diversify their supply chains beyond China. This strategy aims to mitigate [...]
PSU stock with orderbook worth ₹1,35,000 Cr to keep on your radar
According to India Brand Equity Foundation, India's defence sector is a pivotal component of its economy, boasting a budget of $74.7 billion for 2024, making it the fourth largest globally. The sector aims to achieve $2.41 billion in exports for FY24, reflecting a significant growth trajectory with a 32.5% increase in exports from the previous [...]
Stocks in the business of developing and deploying kavach system for Indian railways
The Kavach system is an advanced train protection system developed by Indian Railways. It is designed to enhance railway safety by preventing collisions, ensuring train speed control, and reducing human errors. Kavach system is India's indigenous solution to improve the safety and efficiency of its extensive railway network, aligning with the country's modernization goals for [...]
Mukesh Ambani loses ₹1.32 Lakh Cr in just 4 days after FIIs sold stake worth $3 Billion
Mukesh Ambani has experienced a significant financial setback recently, losing nearly Rs.1.32 lakh crores in just four days due to a sharp decline in the stock price of Reliance Industries Limited (RIL). The Indian stock market is experiencing significant turmoil, with the Sensex plummeting over 1,750 points and the Nifty50 falling to 25,250. Heightened tensions [...]
EMS stock jumps 3% after entering into manufacturing deal with Panasonic Life Solutions India
EMS stock which is one of the leading Original Design Manufacturers (ODM) of room air conditioners for players like Blue Star, Daikin, and many others jumps upto 3 percent in the day’s trade upon entering into an arrangement for manufacturing with Panasonic Life Solutions India. Price Action With a market capitalization of Rs. 3,833 Crores, [...]
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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
Aureus Analytics releases the second edition of its insurance leader’s insight compendium, Aureus Insights 2022
An annual yearbook series led by the leaders from the world of Indian Insurance Technology, is now available for download at Aureus Insights. MUMBAI, India, Feb. 15, 2022 /PRNewswire/ -- Exceptional customer experience is at the heart of every successful business. Customers who feel valued enjoy their overall experience and are more likely to remain [...]
Book on digital age by Indian-American Congressman Ro Khanna creates buzz
Washington, Feb 15 (PTI) A book on the digital age by Indian-American Congressman Ro Khanna, that seeks to democratise the digital revolution in the larger good of humanity and the planet, has been getting rare reviews and accolades from the top American politicians and global economists. In his rare foreword to a book, eminent economist [...]
Sensex recovers 315 pts in opening trade; IT, FMCG shares lend support
The BSE gauge Sensex recovered over 315 points to trade at 56,721 in opening deals on Tuesday, on emergence of buying mainly in IT and FMCG stocks, despite a lacklustre trend in global markets due to the Ukraine crisis. The 30-share Sensex opened on a positive note and firmed up its gains as the morning [...]
Coffee Day Enterprises Q3 Results: Consolidated net profit at Rs 18.8 cr
Shares of Coffee Day Enterprises Ltd hit the upper circuit of 10% today share price at 60.9 Coffee Day Enterprises Ltd on Monday reported a consolidated net profit of Rs 18.80 crore for the third quarter ended on December 31, 2021. The company had posted a net loss of Rs 110.41 crore in the corresponding [...]
Designer Sanjukta Dutta at the New York Fashion Week 2022 Presenting Her New Collection Alphool
Mumbai, Maharashtra, India – Business Wire India Adroit Designer Sanjukta Dutta who is known for designing beautiful Mekhela Chador and reviving the Silk of Assam, showcased her new collection “Alphool” at the New York Fashion Week 2022 on 12th February, 2022. The show was attended by eminent dignitaries like Mr. Randhir Jaiswal (Consul General of [...]
Denali Advanced Integration ‘Changes Landscape of IT’
Featured on CRN's Managed Services Provider 500 List REDMOND, Wash., Feb. 14, 2022 /PRNewswire/ -- Denali Advanced Integration announced today that CRN®, a brand of The Channel Company, has named Denali to its Managed Service Provider (MSP) 500 list in the Elite 150 category for 2022. CRN's annual MSP 500 list identifies the leading service [...]
‘When Men can Share the Load with Other Men, Why not with their Wives’ Asks Genelia
Ariel launched their new campaign that talks about Seeing women as Equals to #ShareTheLoad Mumbai, Maharashtra, India (NewsVoir) Over the last 7 years, Ariel India has continuously sparked conversations around the unequal division of domestic chores within households and urging more and more men to #ShareTheLoad. In the spirit of keeping this conversation going and [...]
US FDA Grants the Coveted Breakthrough Designation for Early-Stage Prostate Cancer Detection Blood Test Developed in India by Datar Cancer Genetics
It is the first blood test able to detect early-stage Prostate Cancer with high accuracy in men aged 55 years and above MUMBAI, India, Feb. 14, 2022 /PRNewswire/ -- Datar Cancer Genetics today announced that the US Food and Drug Administration (FDA) has granted 'Breakthrough Designation' for its blood test to detect early-stage prostate cancer. [...]
Education, health areas of concern for people as they respond to Delhi govt’s ‘Swaraj Budget’
New Delhi, Feb 14 (PTI) The Delhi government has received over 4,600 public responses for its ''Swaraj Budget'' with education and health being the top areas of concern for the people, according to sources. Introducing "participatory budgeting" in Delhi, the government has sought the suggestions of people for its 2022-23 Budget. Till Monday, which was [...]
RBI’s decisions raising concerns about future of cooperative movement: Sharad Pawar
Mumbai, Feb 14 (PTI) NCP chief Sharad Pawar on Monday said the RBI's recent decisions regarding cooperative institutions like district banks are raising concerns about the future of the cooperative movement. Addressing an event at Rabale in neighbouring Navi Mumbai, the former Union agriculture minister said that “unfortunately” the viewpoint of the country's apex bank [...]
Jet Airways posts Rs 104 crore loss in December quarter
New Delhi, Feb 14 (PTI) Grounded Jet Airways on Monday posted a net loss of Rs 104.19 crore in the three months ended December 2021. The airline had a net loss of Rs 44.09 crore in the year-ago period, according to a regulatory filing. In the latest December quarter, the carrier, which is working on [...]
Tata Power-DDL bags ICAI’s annual award for excellence in financial reporting
New Delhi, Feb 14 (PTI) Tata Power Delhi Distribution Ltd (Tata Power-DDL) has been awarded the Institute of Chartered Accountants of India's (ICAI) Award for Excellence in Financial Reporting for the financial year 2020-21. The annual report and financial statements of Tata Power-DDL for the financial year 2020-21 have been adjudged as a winner in [...]
Microfinance industry’s outstanding portfolio up 2 pc to Rs 2,26,000 cr in Sep-qtr
Mumbai, Feb 14 (PTI) The outstanding portfolio of the microfinance industry registered a 2 per cent quarter-and-quarter growth to around Rs 2,26,000 crore as of September 2021, says a report. The same stood at Rs 2,22,060 crore during the three months ended June 2021. The industry disbursed loans worth Rs 66,681 crore during July-September 2021 [...]
NLC India Q3 profit 26 rises to Rs 230 cr
New Delhi, Feb 14 (PTI) NLC India Ltd on Monday reported a 25.5 per cent rise in consolidated profit to Rs 229.88 crore for the quarter ended on December 31, 2021 compared to Rs 183.15 crore in the year-ago period. Consolidated income of the company during October-December period increased to Rs 2,845.08 crore from Rs [...]
India pavilion records 1 million visitors at Dubai EXPO 2020: Comm min
New Delhi, Feb 14 (PTI) The India pavilion at Expo2020 Dubai has surpassed 1 million footfalls as on February 13, the commerce and industry ministry said on Monday. Commerce and Industry Minister Piyush Goyal had inaugurated the pavilion on October 1, last year. The number of visitors to the Pavilion stood at 10,07,514 as on [...]
Assam speciality tea auctioned at record Rs 99,999 per kg
Guwahati, Feb 14 (PTI) A speciality tea from Assam's Dibrugarh district was on Monday auctioned at Rs 99,999 per kg, a record price fetched for the second time in two months for such a high-end variety of the commodity from the state, officials said. 'Golden Pearl' tea, owned by AFT Techno Trade, went under the [...]
PW & Co LLP set-ups office at GIFT City
New Delhi, Feb 14 (PTI) PW & Co LLP, a member firm of PricewaterhouseCoopers International Ltd, on Monday inaugurated its office in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. Its new office will be one of the largest set-ups in GIFT City in the tax and regulatory space for providing services to entities intending to set [...]
Honasa Consumer acquires BBLUNT in Rs 138-cr deal; enters into hair color, hairstyling segment
New Delhi, Feb 14 (PTI) Personal care products maker Honasa Consumer Pvt Ltd (HCPL) on Monday announced to acquire BBLUNT, a premium hair care, hair colour and styling products brand, into a Rs 138-crore deal, which includes buying out of 30 per cent share of Godrej Consumer Products Limited (GCPL) into the company. Besides, in [...]
JB Chemicals Q3 Results: PAT drops 45% to Rs 84 cr
New Delhi, Feb 14 (PTI) JB Chemicals & Pharmaceuticals Ltd on Monday reported a 45 per cent decline in consolidated profit after tax (PAT) at Rs 84.12 crore for the third quarter ended December 2021. The company had posted a consolidated PAT of Rs 154.28 crore in the same period last fiscal, JB Chemicals & [...]
Jio Platforms to buy 17% stake in Glance for USD 200 mln
New Delhi, Feb 14 (PTI) RIL Group's digital entity Jio Platforms will acquire about 17 per cent stake in SoftBank-backed Inmobi's Glance platform for USD 200 million (about Rs 1,500 crore). The proposed deal values the company at USD 1.8 billion. Glance, which provides mobile lock screen content, including videos and advertisements, will use the [...]
Cryptocurrencies threaten financial sovereignty, need to be banned: RBI Dy Guv
Mumbai, Feb 14 (PTI) Making a strong case for banning cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Monday said they are even worse than Ponzi schemes and threaten the financial sovereignty of a country. Observing that crypto-technology is underpinned by a philosophy to evade government controls, he said they have been specifically developed [...]
Coal India’s 2nd interim dividend to enrich govt by Rs 2037cr
Kolkata, Feb 14 (PTI) Coal India's second interim dividend will make the government richer by Rs 2037.8 crore as it is holding a 66.1 per cent stake in the Maharatna PSU.The company on Monday announced a dividend of Rs 5 per share of Rs 10 each and the total payout will be Rs 3087 crore.In [...]
Gateway Distriparks’ PAT jumps 44 pc to Rs 47.9 cr in Dec quarter
Mumbai, Feb 14 (PTI) Integrated inter-modal logistics provider Gateway Distriparks Ltd on Monday reported a 44 per cent year-on-year jump in profit after tax (PAT) to Rs 47.92 crore in the December 2021 quarter. The company had posted a PAT of Rs 33.24 crore in the corresponding period last fiscal, GDL said in a statement. [...]
Tata Sons appoints Ilker Ayci CEO & MD of Air India
Mumbai, Feb 14 (PTI) Tata Sons on Monday announced the appointment of former chairman of Turkish Airlines Ilker Ayci as the Chief Executive Officer and Managing Director of Air India. The Air India board met this afternoon to consider the candidature of Ilker Ayci and after due deliberations approved the appointment of Ayci as the [...]
Hike in import duty gap between crude, refined palm oil to help local industry, cool prices: Govt
New Delhi, Feb 14 (PTI) The government on Monday said its decision to reduce the agri-cess on crude palm oil will benefit the domestic edible oil refiners and also check prices of cooking oils. The finance ministry on Saturday cut the agri infra development cess to 5 per cent from 7.5 per cent, in order [...]
Sebi comes out with trading features of electronic gold receipts
New Delhi, Feb 14 (PTI) Capital markets regulator Sebi on Monday came out with trading features pertaining to electronic gold receipts (EGR) on stock exchange platforms. Under the guidelines, trading in EGR segment will be permitted from Monday to Friday and stock exchanges can set their trading hours within the time limit of 9 am [...]
Sterling and Wilson Renewable Energy report Rs 429 cr loss in December quarter
New Delhi, Feb 14 (PTI) Sterling and Wilson Renewable Energy on Monday reported a consolidated net loss of Rs 428.78 crore in the quarter ended December 2021. The company had posted a consolidated net profit of Rs 22.45 crore in the quarter ended December 2020, according to a BSE filing. Total income of the company [...]
NFRA finds Prabhu Steel Industries non-compliant with certain accounting stds in 2019-20
New Delhi, Feb 14 (PTI) The National Financial Reporting Authority (NFRA) has found that Prabhu Steel Industries Ltd was non-compliant with certain accounting standards during 2019-20 fiscal, including failure to make appropriate disclosures. A listed company, Prabhu Steel has agreed to prepare and publish restated financial statements as per Companies Act, 2013, within 90 days, [...]
PTC India defers financial results
New Delhi, Feb 14 (PTI) Power trading solutions provider PTC India's board on Monday decided to defer its financial results for the October-December period as those of its arm PTC India Financial Services (PFS) were not available for consolidation. In a regulatory filing, the company stated that "PFS, in which the Company holds 64.99 per [...]
Bizongo concludes maiden ESOP buyback worth USD 3.7 mn
New Delhi, Feb 14 (PTI) Business-to-business e-commerce and supply chain enablement platform Bizongo has announced the completion of its first employee stock ownership plan (ESOP) buyback programme worth USD 3.7 million. While 102 of Bizongo's former and current employees were eligible for the buyback, only 70 per cent of employees opted to liquidate ESOPs from [...]
Govt blocks 54 more Chinese apps over security threat, privacy risks
New Delhi, Feb 14 (PTI) India on Monday blocked 54 more apps with Chinese links, including Tencent Xriver, Nice Video baidu, Viva Video Editor, and gaming app Garena Free Fire Illuminate, citing security and privacy concerns. According to sources, these 54 apps allegedly obtain various critical permissions and collect sensitive user data. The collected real-time [...]
Bengal power utility gets nod to recover Rs 1679cr as APR for 2015-16
Kolkata, Feb 14 (PTI) Government-run power utility West Bengal State Electricity Distribution Company Ltd (WBSEDCL) was allowed to recover Rs 1679 crore by the regulator for 2015-16 under Annual Performance Review (APR) but the recovery will not take place immediately.Sources in West Bengal Electricity Regulatory Commission (WBERC) on Monday said it has issued CESC Ltd, [...]
Under govt ownership, over 60 persons piloted Air India
Mumbai, Feb 14 (PTI) Civil servants, air force officers, technocrats, airline pilots and many more individuals have piloted Air India over the decades. When Ilker Ayci, the former Chairman of Turkish Airlines, takes control of the currently loss-making Air India, he will be the first foreign national to be at the helm of the once-storied [...]
Delhi HC stays notices in relation to declaring Adani gas distribution network as common carrier
New Delhi, Feb 14 (PTI) The Delhi High Court on Monday stayed the notices issued by Petroleum and Natural Gas Regulatory Board (PNGRB) in connection with declaring Adani Total Gas Limited's City Gas Distribution Network for Ahmedabad city, Daskroi, and Khurja as a common carrier or contract carrier.The interim order was passed by a bench [...]
PLI for auto to create 7.5 lakh additional jobs in 5 years: Official
New Delhi, Feb 14 (PTI) The Production Linked Incentives Scheme for the automobile and auto components sector will lead to creation of 7.5 lakh additional jobs and incremental production worth Rs 2,31,500 crore over the next five years, a top official said on Monday. Ford, Tata Motors, Suzuki, Hyundai, Kia and Mahindra & Mahindra are among the [...]
Future Retail’s Q3 net loss widens to Rs 1,063.4 cr; revenue up 86.8 pc to Rs 2,815.7 cr
New Delhi, Feb 14 (PTI) Future Retail Ltd (FRL) on Monday reported the widening of its consolidated net loss to Rs 1,063.36 crore for the third quarter ended on December 31, 2021. The company had posted a net loss of Rs 846.92 crore in the corresponding quarter last year, FRL said in a BSE filing. [...]
Chhattisgarh: Contract employee dies after trapped in machine at Balco plant
Korba, Feb 14 (PTI) A 55-year-old contract employee was killed after he was trapped in a machine at the Balco aluminium plant in Chhattisgarh's Korba district on Monday, police said. The incident occurred around 8:30 AM in the Green Anode section of the plant located in Korba, a police official said. The deceased is identified [...]
ISB leads the chart in two prestigious global MBA rankings
Hyderabad, Feb 14 (PTI) Consolidating its leadership position, the Indian School of Business (ISB) has topped the chart among the country's business schools in two prestigious global rankings. A press release from the B-School said ISB's Post Graduate Programme in Management (PGP) has been ranked 32nd in the Financial Times (FT) Global MBA 2022 ranking, [...]
Ambani’s Jio challenges Elon Musk, Sunil Mittal with JV for satellite-based internet
New Delhi, Feb 14 (PTI) Richest Indian Mukesh Ambani's conglomerate on Monday announced a joint venture to provide satellite-based broadband services across India, as it joins the race with billionaires Elon Musk's SpaceX and Sunil Mittal's OneWeb to offer reliable, high-speed internet everywhere. Jio Platforms -- the telecom and digital services arm of oil-to-retail conglomerate [...]
Dish TV Q3 profit down 7.17% to Rs 80.21 cr, revenue down 12.8%
New Delhi, Feb 14 (PTI) Direct-to-home firm Dish TV India Ltd on Monday reported a 7.17 per cent decline in its consolidated net profit to Rs 80.21 crore for the third quarter ended in December 2021. The company had reported a net profit of Rs 86.41 crore in the October-December quarter a year ago, Dish [...]
Jaypee Infratech posts Rs 540 cr loss in Dec quarter
New Delhi, Feb 14 (PTI) Crisis-hit Jaypee Infratech on Monday reported a consolidated net loss of Rs 540.03 crore for the quarter ended in December. Its net loss stood at Rs 472.14 crore in the year-ago period. Total income rose to Rs 294.76 crore in the third quarter of this fiscal year from Rs 248.57 [...]
Jio Platforms to invest USD 200 mn in Glance
New Delhi, Feb 14 (PTI) Jio Platforms will invest USD 200 million, about Rs 1,500 crore, in SoftBank-backed Inmobi's Glance platform, which provides mobile lock screen content including videos and advertisement on it. Glance will use the funds raised to double down on growth in Asia as well as launch in key global markets including [...]
Yatra.com partners with Cleartrip to offer wider hotel inventory to customers
Mumbai, Feb 14 (PTI) Online travel company Yatra Online on Monday announced its partnership with Cleartrip, owned by the Flipkart Group, to offer a wider hotel inventory to its customers. This strategic association between Yatra and Cleartrip, both leading brands in the online travel space in India, aims to provide a boost to the entire [...]
Adani Enterprises Q3 Results: Consolidated profit drops 99%
Adani Enterprises on Monday reported a 99.4 per cent decline in consolidated profit to Rs 1.80 crore for the quarter ended December 31, 2021. The company had posted a consolidated profit of Rs 343.17 crore in the corresponding quarter last fiscal, Adani Enterprises said in a BSE filing. Its consolidated income during the third quarter [...]
Discussions on with RBI on crypto, digital currency: Sitharaman
New Delhi, Feb 14 (PTI) Finance Minister Nirmala Sitharaman on Monday said discussions with regard to private cryptocurrencies and central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations. Sitharaman, in her Budget speech on February 1, had announced that Digital Rupee or Central [...]
Order extending limitation period also applies to filing of written statement in com suits: SC
New Delhi, Feb 14 (PTI)The Supreme Court Monday said that its order extending the limitation period for filing cases before judicial and quasi-judicial fora also applies to the period prescribed for filing the written statement in commercial suits.The apex court on January 10, 2022, restored its earlier order to extend the limitation period till February [...]
SC asks Centre to examine if state rules under RERA subserve interest of home buyers
New Delhi, Feb 14 (PTI) The Supreme Court Monday directed the Centre to examine whether the rules framed by various states under Real Estate Regulatory Authority (RERA) are in conformity and subserve the interest of home buyers.A bench of Justices D Y Chandrachud and Surya Kant gave three months to the Centre to examine if [...]
SIDBI launches ‘waste to wealth creation’ programme in Bengal
Kolkata, Feb 14 (PTI) SIDBI on Monday launched the ‘Waste to Wealth Creation’ programme in which women will make ornaments and showpieces from fish scale in the Sundarbans in West Bengal’s South 24 Parganas district.Under this programme, SIDBI will extend benefits to 50 women in directly generating revenues from alternate livelihoods. Later, each of them [...]
Retail inflation spurts to 7-month high of 6.01% in Jan
New Delhi, Feb 14 (PTI) Driven by rising prices certain food items, retail inflation soared to a seven-month high of 6.01 per cent in January, breaching the upper tolerance level of the Reserve Bank. According to the Consumer Price Index (CPI) data released by the government on Monday, the retail inflation in 'oils and fats' [...]
Sebi cancels registration of 4 stock brokers, 11 depository participants
Markets regulator Sebi on Monday cancelled the registration of four stock brokers and 11 depository participants, including Karvy Stock Broking and Anugrah Stock & Broking. Irrespective of the cancellation of registration certificate, the respective entities will continue to be liable for anything done as depository participant or stock broker and will continue to be responsible [...]
J-K: Sinha inaugurates 22 power transmission and distribution projects costing Rs 216 cr
Jammu, Feb 14 (PTI) Jammu and Kashmir Lieutenant Governor Manoj Sinha on Monday inaugurated 22 power transmission and distribution projects in this region. He said these projects, built at a cost of Rs 216 crore, will address the current power deficit in the union territory. "Today's development represents a giant stride in capacity augmentation and [...]
India’s true wireless headphone market grows 75% to 20.3 mn in 2021, Boat leads
New Delhi, Feb 14 (PTI) India's truly wireless stereo (TWS) market grew about 75 per cent to 20.3 million units in 2021 on a year-on-year basis with homegrown brand Boat taking the lead, International Data Corporation's (IDC) India Monthly Wearable Device Tracker said on Monday. The shipment of TWS in the December 2021 quarter grew [...]
Corp Affairs Min introduces detailed CSR disclosure framework
New Delhi, Feb 14 (PTI) The government has put in place a detailed disclosure framework for CSR spending by companies, with experts saying the move will help enhance transparency but at the same time, is also likely to increase the compliance burden. Form CSR-2 (Report on Corporate Social Responsibility) has been notified by the corporate [...]
Tea Board proposes to act as facilitator for industry, says old Act should be replaced by new one
Kolkata, Feb 14 (PTI) The Tea Board of India has said that some of the provisions of Tea Act, enacted by the Union government in 1953, have now become redundant and should be replaced by a new one.In a public notice circulated among stakeholders recently to gather feedback, the board said that the statutory body [...]
Investors’ wealth tumbles by over Rs 8.47 lakh crore
New Delhi, Feb 14 (PTI) Investors' wealth plummeted by more than Rs 8.47 lakh crore on Monday as the stock market continued to be ravaged by weak global sentiments triggered by mounting tensions between Russia and Ukraine. The domestic market remained in the red for the second straight session after witnessing a massive sell-off on [...]
Merck Foundation Marks International Day of Girls and Women in Science Through Their STEM Program
Mumbai, Maharashtra, India & Abuja, Nigeria – Business Wire India • Merck Foundation empowers African Women in the areas of Science and Technology through providing scholarships to more than 550 female doctors out of 1200 scholarships.• Merck Foundation launch annually “MARS Best African Woman Researchers Awards” to acknowledge women in science.• Merck Foundation works closely [...]
Natco Pharma Q3 net up 27 pc to Rs 80 cr
New Delhi, Feb 14 (PTI) Natco Pharma on Monday said its consolidated net profit increased by 27 per cent to Rs 80.4 crore for the third quarter ended December 31, 2021.The Hyderabad-based company had reported a net profit of Rs 63.4 crore in the October-December period of previous fiscal.Revenue from operations rose to Rs 560.5 [...]
Piramal Realty Creates a World of Endless Luxuries, Introduces Welltech Homes at Piramal Aranya in Byculla
Mumbai, Maharashtra, India (NewsVoir) Piramal Realty, the real estate arm of Piramal Group, announced the launch of its state-of-the-art Welltech homes at Piramal Aranya, Rani Baug, Byculla. These Welltech homes are fitted with evidence-backed innovative technology that nurtures well-being and enhances lifestyle to provide a transformative living experience. These apartments are designed to improve the [...]
EMotorad acquires EV battery subscription platform Panine for undisclosed amount
Mumbai, Feb 14 (PTI) E-bike start-up EMotorad on Monday said it has acquired EV battery subscription platform Panine, which will help it strengthen its footprint in the electric vehicle (EV) charging segment, for an undisclosed amount. The acquisition allows EMotorad to offer Panine an international platform and reach for its battery technology, it said in [...]
SC seeks ED’s response on bail plea of jailed ex-CFO of Amrapali group
New Delhi, Feb 14 (PTI) The Supreme Court on Monday sought a response from the Enforcement Directorate on a plea of Chander Prakash Wadhwa, jailed former chief financial officer (CFO) of Amrapali group of companies, challenging an order of the Allahabad High Court declining bail to him in a money laundering case. A bench comprising [...]
Parsvnath Developers posts Rs 69cr loss in Dec quarter; revenue jumps 4 times to Rs 301cr
New Delhi, Feb 14 (PTI) Realty firm Parsvnath Developers Ltd on Monday reported a consolidated net loss of Rs 68.87 crore for the quarter ended in December. Its net loss stood at Rs 126.32 crore in the year-ago period. Total income rose to Rs 301.44 crore in the third quarter of this fiscal year from [...]
Jet Airways to get Rs 50 cr as inter-corporate deposit to meet certain expenses
New Delhi, Feb 14 (PTI) Jet Airways, which is working to restart operations that were grounded nearly three years ago, will receive Rs 50 crore as inter-corporate deposit from a company owned by Jalan group for certain expenses. Murari Lal Jalan and Florian Fritsch consortium's resolution plan for the grounded carrier was approved by the [...]
Glenmark inks pact to commercialise AstraZeneca’s asthma drug in Colombian market
New Delhi, Feb 14 (PTI) Glenmark Pharmaceuticals on Monday said its subsidiary has inked a pact to commercialise AstraZeneca's asthma drug Pulmicort Respules in the Colombian market.Glenmark Pharmaceuticals Colombia SAS and AstraZeneca Colombia have entered into an exclusive licensing agreement for the commercialization of AstraZeneca's Pulmicort Respules, the Mumbai-based drug maker said in a statement.Under [...]
Vedanta joins hands with Foxconn to manufacture semiconductors in India
Indian conglomerate Vedanta on Monday said it has signed a pact with electronics manufacturing services giant Foxconn to form a joint venture (JV) for manufacturing semiconductors in India. Vedanta is the first company to make the announcement to invest in semiconductor manufacturing after the government announced a Rs 76,000-crore programme to boost electronic chip and [...]
On Valentine’s Day Mansi Bagla of Mini Films Brings Love Back on Screen
Mumbai, Maharashtra, India (NewsVoir) In the age of dating apps and modern complicated love stories, Mansi Bagla wants to bring back the old-school romance on screen through her films. After entering the movie business, Mansi Bagla remains relentlessly productive not just as a trailblazing producer, but as a woman who wants to win hearts through [...]
Bharti AXA Life Insurance Receives Great Place to Work® Certification
Mumbai, Maharashtra, India – Business Wire India Bharti AXA Life Insurance, a joint venture between Bharti Enterprises, one of India’s leading business groups, and AXA, one of the world’s largest insurance companies, has been Great Place to Work-Certified™ in India (from January 2022 to January 2023) for its sustained efforts in living up to its [...]
Maha to conduct coal phase down study at power plants: Minister
Nagpur, Feb 14 (PTI) The Maharashtra government has decided to undertake a comprehensive study to determine how ageing and polluting coal-fired power plants in the state can be phased down in a systematic manner, Environment Minister Aaditya Thackeray said on Monday.He said an audit of all power plants in Maharashtra for pollution control measures will [...]
IL&FS Engineering and Construction’s loss widens to Rs 16 cr in Dec quarter
New Delhi, Feb 14 (PTI) IL&FS Engineering and Construction Company Ltd on Monday reported widening of its net loss to Rs 16.16 crore for the quarter ended December 31, 2021. The company had posted a net loss of Rs 13.17 crore in the corresponding quarter of the previous fiscal, IL&FS Engineering and Construction said in [...]
FM defends time taken to file fraud complaint in ABG Shipyard, says less than normal
New Delhi, Feb 14 (PTI) Finance Minister Nirmala Sitharaman on Monday defended five years taken to file the first fraud complaint in the Rs 22,842 loan default by Gujarat-based ABG Shipyard, saying the time taken to detect the fraud was less than normal. She said the loans were given under the Congress-led UPA regime and [...]
IPCA Laboratories Q3 Results: Profit after tax declines 26%
Ipca Laboratories Ltd on Monday reported a 26 per cent decline in consolidated profit after tax to Rs 199.96 crore in the third quarter ended December 31, 2021. The company had posted a consolidated net profit of Rs 265.47 crore in the corresponding period last fiscal, Ipca Laboratories said in a regulatory filing. Consolidated revenue [...]
NEWSALERT
Retail inflation inches up to 6.01 pc in January, compared to 5.66 pc in Dec 2021: Govt data. PTI KPM NKD NKD ABM ABM
MUMMBAI, FEB 14
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 63869.00 63910.00 STANDARD GOLD (99.5) : 49540.00 49553.00 PURE GOLD (99.9) : 49739.00 49752.00 --------------- PTI MUM SVC SVC SVC
Latest wave had muted impact on growth, biz activity back to pre-third wave level
Mumbai, Feb 14 (PTI) The last week saw a pick-up in business activity to the pre-third COVID-19 wave levels, a Japanese brokerage said on Monday. The Nomura India Business Resumption Index, a weekly measure of activity in comparison to the pre-pandemic level, rose to 119.5 for the week ended February 13 from 114.2 in the [...]
Himalayan yogi took interest in NSE’s former chief Chitra Ramkrishna’s hairstyle
New Delhi, Feb 14 (PTI) The "spiritual guru" of NSE's former chief Chitra Ramkrishna took interest in her hairstyle, shared songs with her and went on a vacation with her to Seychelles to "chill" out, according to a Sebi order. This was contradictory to Ramkrishna's statement given to markets regulator Sebi, whereby she said her [...]
Delhi HC asks DMRC to provide bank account, FD details in execution plea by DAMEP
New Delhi, Feb 14 (PTI) The Delhi High Court on Monday directed Delhi Metro Rail Corporation (DMRC) to give details of funds in its bank account and fixed deposits as of date in connection with a Reliance Infrastructure subsidiary's plea for the execution of an arbitral award of over Rs 4,600 crore against it.Justice Suresh [...]
TheMathCompany rolls out ESOP buy-back programme worth Rs 93.2 crore
New Delhi, Feb 14 (PTI) Global data analytics and engineering firm TheMathCompany has rolled out an ESOP buyback programme, valued at Rs 93.2 crore, to reward its employees for their commitment, long-term association, and contribution to the company.The co-founders will continue to hold the majority stake in the company as the organisation continues to grow, [...]
Black Monday: Sensex crashes 1,747 pts as Ukraine standoff roils global markets
The BSE benchmark Sensex plunged 1,747 points while the Nifty crashed below the 17,000-level on Monday as escalating Russia-Ukraine tensions sparked a retreat from riskier assets globally. A depreciating rupee and foreign fund outflows added to the gloom, traders said. Plunging for the second straight session, the 30-share BSE Sensex nosedived 1,747.08 points or 3 [...]
Narayana Health in Association with Goldman Sachs Sets up a New 100 Bed COVID ICU at Narayana Health City
The new facility was inaugurated by Mr. Sourav Ganguly, President of Board of Control for Cricket in India (BCCI) & Former National Cricket Team Captain Bengaluru, Karnataka, India (NewsVoir) Narayana Health, leading healthcare provider in the country, today announced that they have expanded its COVID ICU facilities. The company in association with Goldman Sachs, a [...]
Shree Renuka Sugars Q3 net profit at Rs 42.8 cr
New Delhi, Feb 14 (PTI) Shree Renuka Sugars Ltd has reported a consolidated net profit of Rs 42.8 crore for the quarter ended December 31. The company had posted a net loss of Rs 141.2 crore in the year-ago period. Total income rose to Rs 2,025.3 crore in the third quarter of this fiscal year [...]
Kohinoor Group buys 32 acre land in Pune for Rs 200 cr; Anarock facilitates deal
New Delhi, Feb 14 (PTI) Realty firm Kohinoor group has acquired a 32-acre land parcel in Pune from Goel Ganga group for about Rs 200 crore, to develop a mixed use project. Property consultant Anarock said it facilitated the deal between the two parties. The deal for 32 acres of prime land at Wagholi has [...]
Vedant Fashions to be listed on Wed
Mumbai, Feb 14 (PTI) Vedant Fashions, which owns the ethnic wear brand Manyavar, is getting listed on the NSE on Wednesday following the completion of its Rs 3,149-crore offer-for-sale share sale last week, which was subscribed 2.6 times. Based on the upper end of the IPO price band of Rs 866 a share, the company's [...]
Grasim Industries Q3 Results: Consolidated net profit jumps 23.1%
Aditya Birla Group firm Grasim Industries Ltd on Monday reported a 23.10 per cent jump in its consolidated net profit to Rs 2,655.45 crore for the third quarter ended on December 31, 2021. The company had posted a net profit of Rs 2,157.12 crore during the October- December quarter of the previous financial year, Grasim [...]
Shalimar Group Adopts Soy Fed, India’s First-Ever Feed Label, Introduced by Right To Protein
After Sneha Group in 2021, the Shalimar Group supports the ‘Soy Fed’ label with its adoption in packaging material to help consumers identify high-quality protein foods Mumbai, Maharashtra, India – Business Wire India Following the launch of India's first feed label, 'Soy Fed,' by Right To Protein, a nationwide public health initiative last year, Shalimar [...]
Sreeleathers : The Emerging footwear brand of India
The story of Sreeleathers from a humble store in Jamshedpur to pan India presence is inspiring in every sense. What started as a passion for ‘Swadeshi’ product has evolved into a successful business that focuses on meeting customers’ expectations and that too at an affordable price. The history of the Company dates more than half [...]
Gateway Terminals India to invest USD 115 mn for infrastructure development
Mumbai, Feb 14 (PTI) APM Terminals Mumbai also known as Gateway Terminals India (GTI) will invest USD 115 million (around Rs 870 crore) for infrastructure development, in a bid to increase its container handling capacity. A joint venture between APM Terminals and Container Corporation of India (Concor) operating at Nhava Sheva, GTI, includes a berth line [...]
Amazon, MSME will work together to enhance production: Narayan Rane
New Delhi, Feb 14 (PTI) MSME minister Narayan Rane on Monday said that his ministry along with e-commerce firm Amazon will work together to enhance production in the country and take quality goods to the people at an affordable price. The minister was speaking after launching India ODOP (one district one product) Bazaar on Amazon [...]
‘You can never excel at something that you don’t enjoy’: Urologist and author Dr. Nimit Oza talks on excellence and art
Author of twelve phenomenal books, columnist and Urologist Dr. Nimit Oza reveals his secret of success in multiple fields. A super-specialist surgeon, blogger, content creator, and influencer Dr. Nimit Oza is a renowned personality. He has established his strong presence in the field of medical science as well as in the world of literature. He [...]
Lord’s Mark Industries to set up JV with Kerala govt for EV manufacturing
Mumbai, Feb 14 (PTI) City-based Lord's Mark Industries announced on Monday setting up of a joint venture with Kerala government undertaking Kerala Automobiles Ltd (KAL) for electric vehicle manufacturing. Their first production facility will come up at an estimated investment of Rs 20-30 crore in Kannur (Kerala). The facility is expected to commence operations from [...]
Covid-19 fuels growth of personal mobility segment, says report
New Delhi, Feb 14 (PTI) The Covid-19 pandemic has led to the growth of the personal mobility segment with many customers going in for pre-owned vehicles, as per the annual automobile trends report for 2021 by online marketplace for automobiles Droom. The pandemic has pushed the buyer preference to opt for personal mobility over public [...]
Shiprocket acquires majority stake in Glaucus Supply Chain Solutions
Mumbai, Feb 14 (PTI) Zomato-backed e-commerce shipping platform Shiprocket on Monday announced its third buyout this year with the acquisition of a majority stake in Glaucus Supply Chain Solutions. Following the acquisition, the two platforms will combine their strengths to take the complexity out of fulfilment challenges faced by traders, retailers and brands, Shiprocket said. [...]
Censor Black targets creation of 8 mn jobs in MSME sector
Mumbai, February 14 2022 –Telangana headquartered blockchain based financial services provider Censor Black today announced it will target the creation of 8 million jobs over the next 3 years in Micro, Small and Medium Enterprises (MSMEs) sector across the world. Censor Black is a reliable and collaborative DeFi platform that serves investors and SME supply [...]
First Procedure in India Performed WithIntellis™ Rechargeable Spinal Cord Stimulator for Chronic Pain Management
Mumbai, Maharashtra, India – Business Wire India • First patient in India treated at Jaslok Hospital and Research Centre, Mumbai • Includes the world’s smallest implantable spinal cord stimulator India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc (NYSE: MDT) — a global leader in healthcare technology, today announced the first clinical procedure [...]
AkzoNobel Announces Paint the Future Startup Challenge in India
New Delhi, Delhi, India (NewsVoir) • Startups with most disruptive solutions on “Digital Consumer Experience” will join AkzoNobel’s accelerator program for commercialization Discovering creative solutions to improve the digital consumer experience is the focus of AkzoNobel’s 2022 Paint the Future regional startup challenge, which is all set to be launched in India. Startups are being [...]
Debt marketplace Credavenue acquires 75% stake in Spocto for Rs 400 cr
Mumbai, Feb 14 (PTI) Debt marketplace Credavenue on Monday announced that it has acquired a 75.1 per cent stake in Spocto Solutions, a digital collection organization, for Rs 400 crore.A company spokesperson said the Chennai-based Credavenue has paid Rs 400 crore for gaining majority control of the five-year old Spocto.Post-deal, the statement from Credavenue said [...]
Asset quality issues to affect performance of real estate-focused non-banks till FY2023: Study
Mumbai, Feb 14 (PTI) The real estate asset under management (AUM) of non-banks, which registered degrowth of 10 per cent in 2021, is likely to further contract by 5-10 per cent in 2022 and stabilise in the next year, says a report. The performance of non-banks (non-banking financial companies and housing finance companies) in recent [...]
MUMBAI, FEB 14 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.
COPPER :- COPPER CABEL SCRAP 745.00 COPPER HEAVY SCRAPS 732.00 COPPER ARMATURE (CREDIT) 710.00 COPPER UTENSILS SCRAP 647.00 CC ROD 794.00 BRASS :- BRASS SHEET CUTTING 540.00 BRASS UTENSIL SCRAP 492.00 BRASS HONEY 480.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 191.00 ALUMINIUM EXTRUSION SCRAP 223.00 ALUMINIUM INGOTS 265.00 OTHER : - GUN METAL SCRAP 520.00 ZINC [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, FEB 14 (PTI) OILS (per 10 Kgs) G.Nut Raw 1350.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1240.00 Sunflower Exp.Ref. 1315.00 Cottonseed(Refined) 1330.00 Refined Palm Oil 1273.00 Soyabean Ref. 1315.00 Imp.Soyabean Crude - Rapeseed Ref. 1570.00 Rapeseed Exp. 1540.00 Copra white 1510.00 Rice Bran 4-7% FFA - Rice Bran 1190.00 Linseed 1900.00 Castor [...]
PRICES MUM GENERAL OPEN
MUMBAI, FEB 14 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 63869.00 STANDARD GOLD (99.5) : 49540.00 PURE GOLD (99.9) : 49739.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 63800.00 RS. PER KG.SILVER RDY.(PORTION) : 63900.00 RS. PER KG.GOLD (24 CARAT) RDY. : 50550.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 47950.00 RS. PER [...]
Cult.fit picks majority stake in F2 Fun & Fitness India, to get master franchise for Gold’s Gym
New Delhi, Feb 14 (PTI) Health and wellness platform Cult.fit on Monday said it has picked up a majority stake in F2 Fun & Fitness India Pvt Ltd for an undisclosed sum, and subsequently becoming the master franchise partner for Gold's Gym in India. Currently, F2 Fun & Fitness India is the master franchise partner [...]
NEWSALERT
Ilker Ayci appointed CEO & MD of Air India: Tata Sons statement. PTI IAS RKL ABM ABM
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