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Penny stock hits 5% upper circuit after announcing record date for 1:5 stock split
The shares of this microcap company locked a 5 percent upper-circuit in Friday’s trading session after announcing a record date for a 5:1 stock split. In one year, the stock has delivered more than a 20 per cent return to its shareholders. Price Movement: With a market capitalization of Rs. 61 crores, the shares of [...]
Smallcap stock jumps after it acquires 100% stake in US based company Altek Electronics Inc.
Smallcap stock which is one of the leading electronics system design and manufacturing player in the aerospace, defence, and other emerging sectors in focus, after acquiring a new US Based firm to strengthen its offerings in Industrial, Medical, and Defence sectors. Price Action With a market capitalization of Rs. 5,488 Crores, the shares of Cyient [...]
Penny stock jumps 19% after receiving ₹25 Mil export order from Dubai based company
During Friday’s trading session, the shares of a leading player in the brass and metals components manufacturing industry surged 19.6 percent to Rs. 17.22 on BSE, after the company’s subsidiary secured an export order worth Rs. 25 million for brass billets from a Dubai-based company. With a market capitalisation of Rs. 173 crores, at 12:06 [...]
Solar energy stock jumps after receiving order worth ₹7.66 Cr for solar street light system
Solar Energy stock engaged in manufacturing solar photovoltaic modules and providing turnkey solar solutions in focus upon receiving a new work order worth Rs. 7.66 Crores from District Panchayat Raj. Price Action With a market capitalization of Rs. 1,782 Crores, the shares of Solex Energy Limited were trading at Rs. 1,650.25 per equity share, down [...]
Drone stock jumps after it partners with American Blast Systems to expand in US markets
The shares of this microcap company jumped 2 percent in Friday’s trading session after signing an MoU with American Blast Systems to expand drone solutions into U.S. and European markets. Price Movement: With a market capitalization of Rs. 340 crores, the shares of Droneacharya Aerial Innovations Ltd started Friday’s trading session on a higher note [...]
OLA Electric stock in downtrend; Should you sell?
Shares of this leading electric vehicle (EV) company attract investor interest following a significant loss in market share and plans to recover it through exclusive discount offers. Price Movement In Friday’s trading session, the share price of Ola Electric Mobility Ltd reached an intra-day high of Rs.100.06 per share from its previous close of Rs.99.27 [...]
Mukul Agrawal stock jumps after bagging order from Western Railways
The shares of the railway equipment manufacturer gained up to 2.33 percent after the company bagged a prestigious order from Western Railways worth Rs 3.67 crore. Oriental Rail Infrastructure Ltd has a market capitalization of Rs 1,675.99 crore, the shares were trading at Rs 272.70 per share, increasing around 1.70 percent as compared to the [...]
Stock with 190% returns in the business of Solar and EV sector to keep an eye on
Established in 2015, this company has rapidly emerged as a leader in the renewable energy sector, particularly focusing on solar power solutions. Initially starting as a design engineering and solar EPC (Engineering, Procurement, and Construction) firm, it has since diversified its operations to include manufacturing solar inverters, energy storage systems, and electric vehicle (EV) chargers. [...]
Financially strong stock to buy for upside of 40%; Do you own it?
The Indian residential and commercial projects industry is experiencing significant growth, with residential sales projected to reach 320,000 units in 2024. In H1 2024 alone, over 160,000 residential units were launched, marking a 5% increase from the previous year, driven by urbanization and rising demand for premium properties. With a market capitalization of Rs 84,523.93 [...]
Railway stock held by BlackRock trading at discount of 40% to look out for
The shares of a leading comprehensive mobility solution provider with a strong presence in India and Italy slumped marginally by around 0.8 percent on BSE to Rs. 1,180 on Thursday. This negative fluctuation in the share prices was largely in line with the overall market decline, driven by losses across multiple sectors as investors expressed [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
Pact with Air India on passenger transfer a standard one, says AirAsia India
New Delhi, Feb 12 (PTI) Budget carrier AirAsia India on Saturday said its pact with full service carrier Air India on passenger transfer in case of disruption in operations is a "standard" one and it has similar arrangements with other airlines as well. Air India and AirAsia India have entered into an agreement that will [...]
NEWSALERT
Bajaj group's former chairman Rahul Bajaj passes away in Pune: Company official. PTI IAS MR MR
Max Healthcare Q3 profit at Rs 190 cr
New Delhi, Feb 12 (PTI) Hospital chain Max Healthcare Institute Ltd on Saturday reported a consolidated profit after tax (PAT) and share of associates at Rs 189.75 crore for the third quarter ended December 31, 2021. The company had posted a PAT and share of associates at Rs 90.36 crore for the year-ago period, Max [...]
India appreciates opening of Australian borders, especially for students: Jaishankar
Melbourne, Feb 12 (PTI) External Affairs Minister S Jaishankar on Saturday said that India "greatly appreciated" the opening of Australian borders which will help those who have been waiting to come back, especially students, temporary visa holders and separated families.Australia will open its borders to all vaccinated tourists and business travellers from February 21 in [...]
Muthoot Finance net profit up 4% at Rs 1,044 cr in Dec qtr
New Delhi, Feb 12 (PTI) Muthoot Finance on Saturday reported a rise of 4 per cent in its consolidated net profit at Rs 1,043.60 crore in the quarter ended December 2021. The Company's net profit stood at Rs 1,006.60 crore in the corresponding quarter a year ago. Total income during October-December 2021-22 rose by 5 [...]
Jain Irrigation Systems Q3 loss narrows to Rs 72.03 cr
Mumbai, Feb 12 (PTI) Jain Irrigation Systems on Saturday reported narrowing of its consolidated loss to Rs 72.03 crore during the third quarter of this financial year on the back of a higher income. The company's loss stood at Rs 122.84 crore during the corresponding period of the previous financial year, Jain Irrigation Systems said [...]
IIM-Udaipur’s MBA programme in global supply chain management records 100 pc placement
Jaipur, Feb 12 (PTI) Indian Institute of Management, Udaipur concluded the campus recruitment programme 2021-2022 for its one-year full-time MBA in Global Supply Chain Management batch with a 100 per cent placement record for the ninth consecutive year.A total of 150 roles were offered to the students and 56 companies participated in the placement season, [...]
Land use, land reform policy need total review: Book
New Delhi, Feb 12 (PTI) Current land usage policy and the acquisition process in India are big impediments to growth and development and radical reforms are the need of the hour, says a book by entrepreneur R P Gupta."Most of the farming land is fragmented into small plots. Average land holding is perhaps less than [...]
Coal India possesses sufficient buffer stock to increase supply to non-power sector
New Delhi, Feb 12 (PTI) State-owned CIL on Saturday said it is currently supplying around 3.4 lakh tonnes of coal per day to non-power sector which is the company's average supply to this segment and stressed that it has sufficient buffer stock to increase supply to the sector. The development assumes significance in the wake [...]
India appreciates opening of Australian borders, especially for students: Jaishankar
Melbourne, Feb 12 (PTI) External Affairs Minister S Jaishankar on Saturday said that India "greatly appreciated" the opening of Australian borders which will help those who have been waiting to come back, especially students, temporary visa holders and separated families.Australia will open its borders to all vaccinated tourists and business travellers from February 21 in [...]
Suresh Prabhu appointed as visiting professor in practice at Grantham Research Institute
New Delhi, Feb 12 (PTI) The Grantham Research Institute on Climate Change and the Environment has announced the appointment of former union minister and Rajya Sabha member Suresh Prabhu as visiting professor in practice. Confirming the information, Prabhu said: "I am always excited in applying my experience and knowledge for the betterment of society and [...]
India probing alleged export subsidisation of a chemical by 3 countries
New Delhi, Feb 12 (PTI) India has initiated a probe into alleged subsidisation by Indonesia, Malaysia and Thailand on exports of a chemical -- used in making of personal care products such as shampoo, soap and detergents -- here which is impacting the domestic industry, according to a notification. Following a complaint by a domestic [...]
This company has given its shareholders 9900% in less than a year – 1 lakh to 1 Crore
Share price increased from ₹102 per share to ₹10,200 per share in less than one year."Carbon markets are opening up, in this financial year we are targeting revenues of about ₹1800 crore and at least 50-100% growth in the coming years", said chairman and managing director, Manish Dabkara.Multiple factors contributed to the sharp increase in [...]
Shop the Latest PowerMax Treadmill Online at the Bajaj Finserv EMI Store and Get up to Rs. 5,000 Off
For fitness and affordability, purchase a PowerMax Treadmill with No Cost EMI along with exciting discounts and cashback offer at the Bajaj Finserv EMI Store Pune, Maharashtra, India (NewsVoir) Buy high-quality PowerMax treadmills with top features and functions from the Bajaj Finserv EMI Store and avail yourself of exciting discounts and cashback offers. Customers can [...]
Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market
Sebi on Friday restrained Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company. The three other individuals are Amit Bapna, Ravindra Sudhakar and Pinkesh R Shah. In a 100-page interim order, the regulator also restrained the individuals from "associating themselves with [...]
Glenmark Pharma reports revenue growth of 13.9% and EBITDA growth of 30.8% YoY for Q3 FY 2021-22
Highlights for Q3 FY 2021-22 - India Business grew by 14.2% to Rs. 10,069 Mn.- ROW Business grew by 24.3% to Rs. 4,178 Mn.- Europe Business grew by 21.5% to Rs. 3,807 Mn.- EBITDA of Rs. 6,932 Mn grew by 30.8% YoY, with margins of 21.8%. MUMBAI, India, Feb. 11, 2022 /PRNewswire/ -- Glenmark Pharmaceuticals [...]
China Matters takes you to the ski resort in Guizhou China
BEIJING, Feb. 11, 2022 /PRNewswire/ -- In the humid and sweltering southern China, where snow is hardly seen, winter sports are not supposed to be a household activity. But skiing and other ice and snow sports are now embraced as both official and local recreation in south western China's Guizhou province. The Yushe Snow Resort [...]
India now leading maker of switchgear: Official
Kolkata, Feb 11 (PTI) India has become a leading manufacturer of switchgear and the government will lend a helping hand to support the industry, a senior official said on Friday.There is immense scope for shifting to smart switchgear too along with maintaining sustainability, Additional Secretary, Ministry of Power, Vivek Kumar Dewagan said.“It is very satisfactory [...]
AI, AirAsia to carry each other’s passengers in case of flight disruptions
New Delhi, Feb 11 (PTI) Air India and AirAsia India have entered into an agreement that will allow them to carry each other's passengers in case there is a disruption of operations, according to a communication. Both airlines are part of the Tata Group. Th arrangement, effective for two years starting from this month, will [...]
Pharma sales channel emerges as new ‘superstar’ for Coca-Cola during pandemic
New Delhi, Feb 11 (PTI) Pharma channels have emerged as the "new superstar" for beverage major Coca-Cola and the company is expanding its presence in this sales channel, according to a senior company official. Besides, the company is also expanding its network in rural areas, which nearly contribute 38 per cent to the overall business. [...]
Govt scraps requirement of drone pilot licence
New Delhi, Feb 11 (PTI) The civil aviation ministry on Friday scrapped the requirement of drone pilot licence for operating drones in the country. The Remote Pilot Certificate (RPC) issued by a DGCA-approved drone school through the single window DigitalSky Platform shall be sufficient for operating a drone in India, according to an official. The [...]
NEWSALERT
Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market; passes interim order. PTI SP RAM ABM ABM
New India Assurance Q3 net dips 6 pc to Rs 491 cr
New Delhi, Feb 11 (PTI) The New India Assurance Company on Friday reported a 5.8 per cent drop in net profit at Rs 491 crore for the quarter ended December 2021. The non-life insurer had posted a net profit of Rs 521 crore in the same quarter a year ago. Sequentially, net profit jumped over [...]
Finance Minister launches first colour souvenir coin on ‘Panchtantra’
New Delhi, Feb 11 (PTI) Finance Minister Nirmala Sitharaman on Friday launched the first colour souvenir coin on 'Panchtantra' on the occasion of 17th foundation day of Security Printing and Minting Corporation of India Limited (SPMCIL). The finance minister in her address stressed on upskilling and acquiring new skills, and upgradation to meet the technology [...]
Blockchain is inherently good for governance: STPI DG Arvind Kumar
New Delhi, Feb 11 (PTI) The attribute of blockchain technology to bring transparency and traceability in the transactions makes it inherently good for governance, a top STPI official said on Friday. While speaking at the Blockchain Revolution Summit 2022, STPI Director-General Arvind Kumar said the Software Technology Parks of India (STPI) has created a centre [...]
India, Australia likely to sign interim trade pact in March; sensitivities accommodated
New Delhi, Feb 11 (PTI) India and Australia have "respected and accommodated" sensitivities for certain areas and are likely to sign an interim trade agreement in March to promote bilateral trade, Union minister Piyush Goyal said on Friday. Australian trade minister Dan Tehan is visiting the country for talks on an interim or early harvest [...]
Dr Reddy’s inks exclusive sales pact with Novartis India
New Delhi, Feb 11 (PTI) Dr Reddy's Laboratories has entered into an exclusive sales and distribution agreement with Novartis India Ltd (NIL), a statement said on Friday. However, this will also lead to around 400 NIL employees being laid off due to role redundancies. Under the arrangement, Dr Reddy's will have exclusive rights to promote [...]
Fortis Healthcare’s Q3 profit after tax sees over twofold jump to Rs 142 cr
New Delhi, Feb 11 (PTI) Fortis Healthcare on Friday said its consolidated profit after tax (PAT) rose by over twofold to Rs 142 crore in the third quarter ended December 31, 2021. The company had reported a PAT of Rs 54 crore in the corresponding period last fiscal. Its revenue during October-December 2021 rose to [...]
‘The Great Indian Travel’ to support small, micro-businesses hit by Covid reaches Srinagar
Srinagar, Feb 11 (PTI) A couple from Maharashtra has arrived here as part of their 'The Great Indian Travel' -- a 101-day road trip across the country to support small and micro businesses affected by the COVID-19 pandemic. "We have covered 25 states and two union territories so far and intend to cover the remaining [...]
Pharma sales channel emerges as new ‘superstar’ for Coca-Cola during pandemic
New Delhi, Feb 11 (PTI) Pharma channels have emerged as the "new superstar" for beverage major Coca-Cola and the company is expanding its presence in this sales channel, according to a senior company official. Besides, the company is also expanding its network in rural areas, which nearly contribute 38 per cent to the overall business. [...]
Yes Bank board approves seeking investors’ nod for early redemption of bonds worth Rs 1,764 cr
New Delhi, Feb 11 (PTI) Yes Bank board on Friday approved a proposal to seek investors' nod for early redemption of bonds worth Rs 1,764 crore. The decision was taken at a meeting of the Capital Raising Committee of the lender, Yes Bank said in a regulatory filing. The committee gave its nod to a [...]
Over 6.2 cr ITRs, 21 lakh audit reports filed on new e-filing portal
New Delhi, Feb 11 (PTI) Over 6.2 crore income tax returns and about 21 lakh tax audit reports have been filed on the new e-filing portal since June last year. The new income tax portal was launched on June 7, 2021. "More than 6.2 crore Income Tax Returns (ITRs) and about 21 lakh major Tax [...]
ICAI to introduce peer review mechanism for firms offering assurance services
New Delhi, Feb 11 (PTI) Chartered accountants' apex body ICAI on Friday said it has decided to put in place a peer review mechanism in a phased manner for firms rendering assurance services to certain categories of entities. The implementation of the mechanism will start from April 1 in a phased matter. It will be [...]
PTC India constitutes 3-member panel for new products
New Delhi, Feb 11 (PTI) Power trading solutions provider PTC India said it has constituted a three-member Technical Advisory Committee (TAC) for formulating new products and initiatives for the power sector. The panel comprises S K Soonee (founder CEO, POSOCO) and Rajeev Sharma (former CMD, PFC). The third member is also expected to join soon, [...]
India should become fashion capital of world: Goyal
New Delhi, Feb 11 (PTI) India should ultimately become the fashion capital of the world and mark its presence globally by having its products displayed alongside prominent fashion houses, Union Minister Piyush Goyal has said. The Minister for Textiles and Commerce and Industry earlier this week chaired a meeting with designers, who brainstormed ideas on [...]
PB Fintech founder sells firm shares worth Rs 236 cr; Shares down 10.5%
Co-founder of PB Fintech Alok Bansal on Friday divested over 28 lakh shares of the company for Rs 236 crore through an open market transaction. PB Fintech operates the online insurance platform Policybazaar and credit comparison portal Paisabazaar. According to the bulk deal data available with NSE, Bansal sold a total of 28,57,820 shares of PB [...]
Delhi HC to hear Amazon-Future cases over deal with Reliance on Feb 24
New Delhi, Feb 11 (PTI) The Delhi High Court Friday listed for hearing on February 24 a batch of pleas concerning the ongoing legal tussle between US e-commerce major Amazon and Future Group over Future Retail Ltd's (FRL's) Rs 24,731 crore merger deal with Reliance Retail. Justice C Hari Shankar, who had earlier asked the [...]
Godrej Industries Q3 Results: Profit after tax at Rs 183 cr
Godrej Industries Ltd on Friday reported a profit after tax of Rs 182.78 crore for the third quarter ended December 2021 and announced investment of up to Rs 2,500 crore in two subsidiaries Godrej Properties and Godrej Agrovet Ltd. The company had posted a net profit of Rs 170.66 crore in the October-December quarter a [...]
No shortage of fertilisers; no hike of urea price since Modi govt came: Mandaviya
New Delhi, Feb 11 (PTI) There is no shortage of fertilisers in the country and the price of urea has not been hiked ever since the Narendra Modi government came to power in 2014, Union Chemicals and Fertilisers Minister Mansukh Mandaviya said in Lok Sabha on Friday. He also said the government has been giving [...]
TRAI starts consultation on ways to promote networking, telecom equipment manufacturing
New Delhi, Feb 11 (PTI) Telecom regulator TRAI on Friday issued a consultation paper on promoting networking and telecom equipment manufacturing in India. The detailed consultation paper seeks to take stakeholder views on existing concerns in networking and telecom equipment manufacturing, and examine measures that need to be taken to meet the demand of growing [...]
Govt is aware of possible risks, user harms associated with online games: MoS IT
New Delhi, Feb 11 (PTI) The government is aware of risks and user harms linked to online games involving money transactions and their advertisement through various media channels, but the information technology ministry has no proposal to bring them under the category of 'gambling', Parliament was informed on Friday. Minister of State for Electronics and [...]
Ruchi Soya likely to launch Rs 4,300-cr public issue in last week of Feb
New Delhi, Feb 11 (PTI) Edible oil firm Ruchi Soya, which is owned by Baba Ramdev-led Patanjali Ayurveda, is likely to hit the capital market with its follow-on public offer (FPO) in the last week of this month to raise up to Rs 4,300 crore, sources said. In August last year, the company had received [...]
Sona Company gets CCI nod for stake buy in Sajjan India
New Delhi, Feb 11 (PTI) The Competition Commission on Friday approved acquisition of certain stake in Sajjan India Ltd by Sona Company. The proposed transaction relates to investment in Sajjan India by way of acquisition of equity shares, according to a combination notice filed with the regulator. Sajjan India is engaged in manufacture of chemical [...]
Apollo Hospitals’ net profit jumps 82 pc to Rs 243 cr
New Delhi, Feb 11 (PTI) Apollo Hospitals Enterprise on Friday said its consolidated net profit increased 81.34 per cent to Rs 243.25 crore in the third quarter ended December 31, 2021. The healthcare provider had reported a net profit of Rs 134.15 crore in the corresponding period last fiscal. Its total income during October-December 2021 [...]
India semiconductor consumption estimated at Rs 1.1 lakh cr in 2020: MoS IT
Electronic chips worth Rs 1.1 lakh crore were consumed in India in 2020 as per industry estimates, Parliament was informed on Friday. Minister of State for Electronics and IT Rajeev Chandrasekhar in a written reply to the Rajya Sabha said that the entire domestic demand was met through imports as there is no electronic chip [...]
10 homestays under ‘Crown of Incredible India’ launched in J-K’s Pahalgam
Srinagar, Feb 11 (PTI) Pahalgam has become the first destination in Jammu and Kashmir for the launch of 10 homestays under the ‘Crown of Incredible India’ project, an official spokesman said here on Friday. He said the project is an initiative of the Jammu and Kashmir administration for rural homestays at tourist destinations across the [...]
Two Indian seafarers stranded since 2019 on cargo ship in Iran released: Maritime Union of India
Mumbai, Feb 11 (PTI) Two Indian seafarers stranded without passports on a cargo ship in Iran's port city of Bushehr since 2019, have been released after the Indian Embassy in Tehran issued travel documents, the Maritime Union of India (MUI) said Friday. The claim made by the MUI could not be independently verified. "The Indian [...]
IIT-M Research Park, Saint-Gobain India to focus on energy challenges and promote maximum use of alternate energy sources
Chennai, Feb 11 (PTI): Saint-Gobain India and the Indian Institute of Technology-Madras, Research Park have signed a memorandum of understanding to develop a 100 per cent renewable energy, research park. As per the MoU, Saint-Gobain would support IIT-M Research Park with a funding of Rs 1 crore over the next three years. The aim through [...]
Budget’s MGNREGA spend cut perplexing, capex focused on less employment intensive sectors: Ind-Ra
Mumbai, Feb 11 (PTI) Cutting rural employment guarantee commitments in the Budget despite a build-up of distress was termed as "perplexing" by India Ratings on Friday. On the over 20 per cent cut in the fund allocations proposed to the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) works for the second consecutive year amid [...]
Ujjivan Financial Services Q3 loss at Rs 182 cr
New Delhi, Feb 11 (PTI) Ujjivan Financial Services on Friday posted narrowing of consolidated net loss to Rs 181.56 crore for the quarter ended December 31, 2021. In the year-ago period, net loss was Rs 490.73 crore.Net loss widened as compared to Rs 68.18 crore posted for the previous September quarter. Total income during third [...]
Mylab Discovery enters vaccine, therapeutics segment; ties up with Shilpa Biologicals
New Delhi, Feb 11 (PTI) Diagnostics solutions provider Mylab Discovery Solutions on Friday said it has made a foray into the vaccine and therapeutics segment with its tie-up with Shilpa Biologicals, a unit of Shilpa Medicare. Starting with the COVID-19 vaccine manufacturing opportunity, the parties plan to strengthen the relationship by expanding the product portfolio [...]
Industrial growth slows down for 4th month in row to 0.4pc in Dec
New Delhi, Feb 11 (PTI) India's industrial production growth slowed down for a fourth straight month in December to 0.4 per cent mainly due to a poor performance by the manufacturing sector. The manufacturing sector, which constitutes 77.63 per cent of the Index of Industrial Production (IIP), contracted by 0.1 per cent in December, according [...]
Revolut India acquires forex services firm Arvog Forex for Rs 34 cr
New Delhi, Feb 11 (PTI) Fintech company Revolut, backed by SoftBank and Tiger Global, on Friday said it has acquired foreign exchange services company Arvog Forex through its subsidiary as it gears up to start operations in India. While the company did not disclose the financial details of the transaction, a source, who did not [...]
Inox Wind net loss widens to Rs 63.95 cr in Dec quarter
New Delhi, Feb 11 (PTI) Inox Wind on Friday reported widening of its net loss to Rs 63.95 crore for the December quarter, mainly due to lower revenues. The company had posted a consolidated net loss of Rs 51.97 crore in the quarter ended December 31, 2020, it said in a BSE filing. Total income [...]
Better coordination among enforcement agencies leading to major seizures: CBIC member
New Delhi, Feb 11 (PTI) Asserting that smuggling is a huge threat to national security, Central Board of Indirect Taxes and Customs (CBIC) member Balesh Kumar on Friday said better coordination among enforcement agencies is leading to major seizures. There is a need for coordinated efforts from all stakeholders including industry to tackle this menace, [...]
Mahindra Holidays signs RE100, EP100 with The Climate Group; targets to run fully on RE by 2050
Mumbai, Feb 11 (PTI) Mahindra Holidays and Resorts India on Friday said it has signed RE100 (Renewable Energy) and EP100 (Energy Productivity), led by The Climate Group, in order to achieve its target to run on 100 per cent renewable energy by 2050 and to double its energy productivity by 2030. "Ever since the inception [...]
Motherson Sumi shares decline nearly 5% after Q3 earnings
New Delhi, Feb 11 (PTI) Shares of auto component major Motherson Sumi on Friday tumbled nearly 5 per cent after the company reported a 79.96 per cent drop in its consolidated net profit for the third quarter ended December 31,2021.The stock tanked 4.82 per cent to settle at Rs 171.70 on BSE. During the day, [...]
Chartered Accountants are the conscious keepers of nation’s account: Union Minister Jitendra Singh
New Delhi, Feb 11 (PTI) Union Minister Jitendra Singh on Friday said that Chartered Accountants are the conscious keepers of nation's account.Therefore, he said, integrity of their own conscience is vital for the health of a nation in general and the financial health of a nation in particular, a statement issued by the Personnel Ministry [...]
Pitti Engineering Limited
Financial Results – Q3 & 9MFY22 Net Revenue at ₹ 264.83crore; up by 75.01% EBITDA was at ₹ 34.28crore; up by 35.92% PAT was at ₹ 11.52 crore: up by 58.68% Hyderabad, February 11, 2022: Pitti Engineering Ltd., leading Engineering Company, has declared its financial results for the Quarter ended December 31, 2021. Q3FY22 - [...]
Alkem inks license agreement with Harvard University’s OTD
New Delhi, Feb 11 (PTI) Alkem Laboratories on Friday said it has inked a licence agreement with Harvard University's Office of Technology Development (OTD) to develop and commercialise a novel technology for effective treatment of diabetic neuropathy, foot ulcers, peripheral arterial disease (PAD) and other injuries caused by vascular disease. Developed in the lab of [...]
Bosch Global Software Technologies Expands Its Footprint in India; Launches Center in Hyderabad
Hyderabad, Telangana, India – Business Wire India • Aims to establish a strong talent network and advanced innovation ecosystem in the region • Tap local talent for automotive engineering and digital enterprise business to strengthen its Global Delivery Network Bosch Global Software Technologies (BGSW), formerly known as Robert Bosch Engineering and Business Solutions, one of [...]
International Day of Women and Girls in Science: Naga Vara Aparna Akula Receives the IET India Young Women Engineer Award 2021
Bangalore, Karnataka, India (NewsVoir) • Ms. Akula has been awarded for her work that garnered attention at the national level with the Ministry of Environment, Forest and Climate Change and Wildlife Institute of India and WWF-India • As part of its 150-year celebrations, the IET in India launched Awards that recognise outstanding contributions in engineering [...]
Up To Rs. 5,000 off on Kent Water Purifiers – Only on Bajaj Finserv EMI Store
Buy Kent Water Purifier with No Cost EMI along with exciting discounts and cashback offers at the Bajaj Finserv EMI Store Pune, Maharashtra, India (NewsVoir) Buying a quality water purifier is now easier and pocket-friendly, as Bajaj Finserv EMI Store has announced exciting deals and discounts on the purchase of a Kent water purifier. Customers [...]
Suburban Railway passengers to enjoy free of cost data connectivity offered by Central Railway (Mumbai) and SugarBox Networks
- This partnership will enhance in-transit consumer experience through technology - Consumers can now enjoy seamless access to Digital services throughout their train journey MUMBAI, India, Feb. 11, 2022 /PRNewswire/ -- Central Railway (Mumbai division) and SugarBox Networks, the world's first Hyperlocal Edge Cloud platform, have come together to transform digital access, for one of [...]
QuEST Global Announces Winners of 10th Edition of ‘Ingenium’
- Team from P.E.S. Institute of Technology, Bengaluru wins top honors for their software concept that detects Parkinson's disease at an early stage - Bennett University, Noida, and P.E.S. College of Engineering, Mandya teams recognized as first and second runners-up positions respectively - Mentored by a dedicated team of industry experts from QuEST, the winning [...]
Niti’s Atal Innovation Mission, UNDP India launches Community Innovator Fellowship for SDG solutions
New Delhi, Feb 11 (PTI) The NITI Aayog's Atal Innovation Mission (AIM) and UNDP India on Friday launched the Community Innovator Fellowship (CIF), which will provide the youth with an opportunity to establish their social enterprise focusing on sustainable development goals (SDG)-based solutions for solving community issues, according to an official statement. This is going [...]
Pakistan has to return USD 3 billion to Saudi Arabia within one year: Finance Minister
Islamabad, Feb 11 (PTI) Cash-strapped Pakistan has to return USD 3 billion to Saudi Arabia within a year which it had borrowed from Riyadh in 2021 to improve its dwindling foreign exchange reserves, it emerged on Friday.Finance Minister Shaukat Tarin told the Senate, the upper house, that the Saudi Fund for Development (SFD) in October [...]
Forex reserves rise to USD 631.953 bln
Mumbai, Feb 11 (PTI) The country's foreign exchange reserves increased by USD 2.198 billion to USD 631.953 billion in the week ended February 4, RBI data showed. In the previous week ended January 28, the reserves had declined by USD 4.531 billion to USD 629.755 billion. It touched a lifetime high of USD 642.453 billion [...]
Budget brings stability, inflation less than that during 2008 financial crisis: FM
New Delhi, Feb 11 (PTI) Finance Minister Nirmala Sitharaman on Friday put a staunch defence of her Budget relying on expenditure to boost growth, saying the Budget brings stability for an economy reeling under the pandemic and will create jobs through public spending. Rejecting criticism of high prices in the country, she said the inflation [...]
Industrial production grows 0.4% in December
New Delhi, Feb 11 (PTI) India's industrial production rose by 0.4 per cent in December 2021, according to official data released on Friday. According to the Index of Industrial Production (IIP) data by the National Statistical Office (NSO), the manufacturing sector's output contracted by 0.1 per cent in December 2021. In December 2021, the mining [...]
CBSE 10th 12thTerm 2 Boards Exam Dates Out Subject-wise Exam Guidelines, 17 Undeniable Mistakes to Avoid While Practicing Sample Papers
(CBSE) will conduct term-2 board exams 2022 for Class 10 and Class 12 in offline mode with CBSE Term 2 Class 10 & 12 Exam Dates From 26 April for Board Exams 2022. “The board after discussions with various stakeholders and taking into consideration the COVID-19 pandemic situation in the country has decided to term [...]
Tilaknagar Industries Q3 Net Revenue Up 23% at Rs. 206 Crore; Net Profit at Rs. 10 Crore
Mumbai, Maharashtra, India (NewsVoir) Tilaknagar Industries Limited (BSE: 507205) (NSE: TI), one of the leading Indian-Made Foreign Liquor (IMFL) manufacturers, has reported a net profit of Rs. 10 crore for the quarter ended December 2021 as against a net loss of Rs. 3.9 crore in the corresponding quarter a year ago. TI registered a 23 [...]
NEWSALERT
Industrial production grows 0.4 pc in December: Govt data. PTI KKS MR
Yamaha Motor enters automobile asset management, services segment
Mumbai, Feb 11 (PTI) Yamaha Motor Co on Friday announced its entry in the automobile asset management and services with the launch of Moto Business Service India (MBSI) to cater to tech-startups that focus on shared mobility space. The mobility solution firm, which is headquartered in Bengaluru, aims at increasing the usage of vehicles on shared/rental platforms, and [...]
Investors’ wealth tumble over Rs 3.91 lakh cr as stocks slump
New Delhi, Feb 11 (PTI) Investors' wealth plunged over Rs 3.91 lakh crore on Friday amid an extremely weak broader market trend.The BSE benchmark tanked 773.11 points or 1.31 per cent to settle at 58,152.92 after a weak opening. During the day, it tumbled 1,011.93 points to 57,914.10.The market capitalisation of BSE-listed companies declined Rs [...]
MUMMBAI, FEB 11
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 62279.00 62157.00 STANDARD GOLD (99.5) : 48706.00 48724.00 PURE GOLD (99.9) : 48902.00 48920.00 --------------- PTI MUM SVC SVC SVC
Sensex, Nifty join global selloff as scorching US inflation spurs rate hike fears
The Sensex plummeted 773 points while the Nifty dived below the 17,400-level on Friday, tracking heavy selling in global equities after US consumer inflation soared to a 40-year high in January, raising the prospects of faster-than-expected rate hikes by the Federal Reserve. A sharp fall in the rupee and unabated foreign fund outflows added to [...]
Airtel says network outage was for 5 mins; fully normalised in 10 mins
New Delhi, Feb 11 (PTI) Bharti Airtel's data network faced disruption for a brief duration, around 5 minutes, across India due to a technical glitch, and the network was fully normalized within a few minutes, the company said on Friday. Several Airtel users on Twitter complained that both their mobile data and broadband connection stopped [...]
Amara Raja Batteries shares decline 2 pc after earnings
New Delhi, Feb 11 (PTI) Shares of Amara Raja Batteries on Friday dipped 2 per cent after the company's consolidated net profit declined 25.25 per cent in the third quarter ended December 31, 2021. The stock declined 2.06 per cent to settle at Rs 607.85 on BSE. During the day, it tumbled 2.49 per cent [...]
WardWizard enters high-speed electric scooter segment; launches three models
Mumbai, Feb 11 (PTI) Gujarat-based electric vehicles maker WardWizard Innovations and Mobility entered the fast-growing high-speed electric scooter segment with the launch of three models — Wolf+, Gen Next Nanu+ and Del Go. Wolf+ and Nanu+ are priced at Rs 1.10 lakh and Rs 1.06 lakh, respectively, while the fleet management scooter, Del Go comes [...]
ShareChat and MX Media announce a strategic merger of Moj and MX TakaTak to create India’s largest short video platform
- The combined short video platform will have over 300M MAUs and 100M strong creator community - MX Media and its shareholders will become strategic shareholders of ShareChat MX Media Co. Ltd, the parent company of MX TakaTak, and ShareChat, the parent company of Moj, today announced a strategic merger between Moj and MX TakaTak, [...]
SJVN awards electro mechanical works of Dhaulasidh project to Voith Hydro
New Delhi, Feb 11 (PTI) State-run SJVN Ltd on Friday said it has signed an agreement with Voith Hydro for the electro mechanical works of 66 MW Dhaulasidh Hydro Electric Project. The electro-mechanical project is worth Rs 136.64 crore, SJVN Chairman and Managing Director Nand Lal Sharma said in a statement. The civil & hydro-mechanical [...]
MUMBAI, FEB 11 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.
COPPER :- COPPER CABEL SCRAP 748.00 COPPER HEAVY SCRAPS 738.00 COPPER ARMATURE (CREDIT) 712.00 COPPER UTENSILS SCRAP 647.00 CC ROD 805.00 BRASS :- BRASS SHEET CUTTING 542.00 BRASS UTENSIL SCRAP 495.00 BRASS HONEY 482.00 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 11 (PTI) OILS (per 10 Kgs) G.Nut Raw 1330.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1235.00 Sunflower Exp.Ref. 1310.00 Cottonseed(Refined) 1315.00 Refined Palm Oil 1245.00 Soyabean Ref. 1295.00 Imp.Soyabean Crude - Rapeseed Ref. 1590.00 Rapeseed Exp. 1560.00 Copra white 1500.00 Rice Bran 4-7% FFA - Rice Bran 1190.00 Linseed 1875.00 Castor [...]
BAL Pharma maintains its strong growth momentum; reports PAT growth of 23% YoY for 9MFY22
PLI Scheme is shot in the arm for company's Future growth BENGALURU, India, Feb. 11, 2022 /PRNewswire/ -- BAL Pharma, a fully integrated pharmaceutical company specialized in Bulk Actives, Prescription Drugs, Generics and pharma intermediates, has announced its results for quarter and nine months ended 31st December 2021. Financial Highlights – Q3 & 9MFY22. Standalone [...]
Balaxi Pharmaceuticals reports continued solid growth in Q3FY22
- PAT improves by 18% YoY for Q9MFY22 - Revenue for the Pharmaceuticals grows by 31% in Q3FY22, with strong expansion in Gross Margins HYDERABAD, India, Feb. 11, 2022 /PRNewswire/ -- Balaxi Pharmaceuticals Limited (Balaxi), a branded IPR-based pharmaceutical company headquartered in Hyderabad, reported its results for the third quarter and nine-month ended 31st December [...]
With USD 35 bn flowing into start-ups, total deals soar 40% to record USD 115 bn in 2021: Report
Mumbai, Feb 11 (PTI) Led by a 50 per cent jump in private equity funding to an all-time of over USD 66 billion, the overall deal activity soared nearly 40 per cent to reach about USD 115 billion in 2021 across 2,064 transactions, according to a report that expects the momentum to continue this year. [...]
Hero Electric ties up with SBI for retail finance
New Delhi, Feb 11 (PTI) Hero Electric on Friday said it has tied up with State Bank of India (SBI) for retail finance for its customers.The customers can now ride home their favourite company scooter at the lowest interest rates across India for a hassle-free experience, Hero Electric said in a statement."There is strong demand [...]
Renee Cosmetics raises USD 10 million in funding
New Delhi, Feb 11 (PTI) Beauty Brand Renee Cosmetics on Friday said it has raised USD 10 million (Rs 75 crore) in funding from Mensa Brands along with existing investors. The brand will use the capital to expand its product line and grow digital and offline presence, said a statement from Renee Cosmetics. "The round [...]
No proposal at present to include toy industry under PLI scheme: Govt
There is no proposal at present with the government to include the toy industry under the Production Linked Incentive (PLI) scheme, though it is providing all round support to the sector to make it more competitive, Parliament was informed on Friday. The government has taken a series of steps such as raising Basic Custom Duty [...]
Magadh Sugar Q3 net profit rises to Rs 20 crore
Kolkata, Feb 11 (PTI) Net profit of Magadh Sugar and Energy Limited (MSEL) during the third quarter of current fiscal increased to Rs 20 crore as compared to Rs 15 crore in the previous similar period, a company statement said on Friday. Total income of the company during the quarter stood lower at Rs 203 [...]
Celebrity Jewellery Trend Prediction for Awards Show Season: Shorter Statement Necklaces Set in Platinum will Remain Popular on the Red Carpet
Mumbai, Maharashtra, India (NewsVoir) Awards show season is upon us with platinum jewellery continuing to play a major role in completing any red-carpet look. Last year some of the most famous faces including Rihanna, Hailey Bieber, Lupita Nyong’o, Gemma Chan, Anya Taylor-Joy, and Zendaya made a huge impact at events with their one-of-a-kind platinum necklace [...]
Gurugram building collapse: Builder Chintels India to conduct structural audit of project
New Delhi, Feb 11 (PTI) A day after partial collapse of its residential tower in Gurugram killed two people, realty firm Chintels India on Friday said the company is cooperating with the local authorities on the "unfortunate" incident and would conduct a structural audit of the entire project. The incident happened at 'Chintels Paradiso' project [...]
RHI Magnesita India posts 74 pc jump in net profit to Rs 75.9 cr in Dec quarter
New Delhi, Feb 11 (PTI) RHI Magnesita India posted a 74 per cent jump in its net profit to Rs 75.9 crore in the December 2021 quarter, mainly on the back of higher revenues. "Quarterly net profit of the company increased by 74 per cent to stand at Rs 75.9 crore from Rs 43.6 crore [...]
AMNS India expands biz to J&K, opens first hypermart outlet in UT
New Delhi, Feb 11 (PTI) ArcelorMittal Nippon Steel India (AMNS India) on Friday announced the expansion of its business to Jammu and Kashmir (J&K) with the opening of its first hypermart outlet. AMNS India is a joint venture between two of the world's leading steelmakers ArcelorMittal and Nippon Steel. Located at Purmandal Morh in Jammu, [...]
Kerala CM to inaugurate ‘Huddle Global’ meet on Feb 19
Thiruvananthapuram, Feb 11 (PTI): Kerala's robust strides in start-up ecosystem and innovation will be on full display at the third edition of the annual 'Huddle Global' conference, which gets underway here on February 19. The event is envisaged to offer a platform for start-ups to showcase their products and interact with a clutch of technology [...]
‘What is this poverty?’: FM Sitharaman mocks Rahul Gandhi’s 2013 ‘state of mind’ remark
New Delhi, Feb 11 (PTI) Faced with criticism for her latest Budget not doing enough for the poor, Finance Minister Nirmala Sitharaman on Friday mocked Congress leader Rahul Gandhi's 2013 comment of poverty being a state of mind, and asked if this is the poverty she was supposed to address. Replying to the discussion on [...]
Singh stressed on need for state-specific agency for energy conservation, efficiency
New Delhi, Feb 11 (PTI) Union Power Minister R K Singh has stressed on creating a state-specific agency dedicated for energy conservation and efficiency as part of measures to ensure participation of states and UTs in fulfilling the country's climate commitments. The minister also asserted that India will replace diesel with renewables to achieve target [...]
N Chandrasekaran appointed as chairman of Tata Sons for the 2nd term
N Chandrasekaran was on Friday reappointment as the chairman of Tata Sons - the holding company of the salt-to-software Tata Group - for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owners of Tata Sons. Tata Sons board met on Friday to review the last five [...]
‘What is this poverty?’: FM Sitharaman mocks Rahul Gandhi’s 2013 ‘state of mind’ remark
New Delhi, Feb 11 (PTI) Faced with criticism for her latest Budget not doing enough for the poor, Finance Minister Nirmala Sitharaman on Friday mocked Congress leader Rahul Gandhi's 2013 comment of poverty being a state of mind, and asked if this is the poverty she was supposed to address. Replying to the discussion on [...]
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