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NBFC stock jumps 3% after it enters into wealth management services
Shares of this micro-cap NBFC rose over 3 percent to Rs.280.50 per share after the company ventured into the Wealth Management sector alongside its merchant banking services. Share Price Variation In Thursday’s trading session, the share price of Prime Securities Ltd reached an intra-day high of Rs.280.50 per share from its previous close of Rs.271.50 [...]
Ashish Kacholia stock jumps 3% after signing contract with Dredging Corporation
Shares of this small cap company specialising in marine engineering and dredging services rose 3.17% after signing a contract with Dredging Corporation of India for Rs. 17.77 Crores. Share price variations: With a market capitalization of Rs. 1,873.97 crores, Knowledge Marine & Engineering Works Limited opened the trading session at Rs 1,615.10, down 3.1% from [...]
Green energy stock jumps up to 3% after its revenue increases by 58% in Q2
Green Energy stock engaged in offering engineering, procurement, and construction (EPC) services for the development of solar power plants, energy storage solutions, and many more jumped upto 3 percent in the day’s trade following strong Q2 sales update with a 58 percent jump in Revenue. Price Action With a market capitalization of Rs. 3,090 Crores, [...]
Stocks to Watch: 5 Stocks to be impacted after hike in BSE and NSE transaction fees
The NSE and BSE have revised their transaction charges, with the new rates taking effect from Tuesday, October 1, 2024. NSE introduced updated transaction charges for both the cash and derivatives segments, while BSE announced changes for Sensex and Bankex options contracts within the equity derivatives segment. Changes in Transaction Fees In the cash market, [...]
Renewable energy stock hits its lower circuit after it fails to meet compliance standards
Shares of this leading renewable energy solution provider touched a 5% lower circuit on Thursday after exchanges issued a warning for not adhering to the compliance standards. Price Movement: Suzlon Energy, with a market capitalization of Rs. 1,03,359.31 crores, At 2:35 p.m shares touched a 5% lower circuit to Rs. 75.75 per share from its [...]
Pharma stock jumps after board sets record date for 1:5 stock split and 1:1 bonus issue
During Thursday’s trading session, the shares of a company engaged in the supply of pharmaceutical products surged 2.6 percent to Rs. 188.28 on NSE, after the Board of the company fixed the record date for a 1:5 stock split as well as a 1:1 bonus issue. With a market capitalisation of Rs. 198.2 crores, the [...]
FMCG stock falls 7.7% after company expects single digit growth in Q2
A leading FMCG player witnessed a 7.7% drop in stock price following a downgrade by major brokerage firms, citing a decline in revenue for Q2 FY25. Share price variations: With a market capitalization of Rs. 1,03,582.74 crores, Dabur India Limited opened the trading session at Rs. 580.35, below 6.24% from Tuesday's close of Rs. 619. [...]
Cable stock in focus after it incorporates new subsidiary for manufacturing of solar cables
The shares of this leading cable manufacturing firm fell by nearly 5.5%, despite the company incorporating a new subsidiary to expand its cable business. Share price variations: With a market capitalization of Rs. 27,088.51 crores, KEC International Limited opened the trading session at Rs. 1,022.00, below 2.73% from Tuesday's close of Rs. 1,050.75. The stock [...]
Agrochemical stock jumps 14% after it receives USFDA approval for API Facility
During Thursday’s trading session, the shares of one of the leading manufacturers of agrochemicals and active pharmaceutical ingredients (APIs) in India surged 14.6 percent to Rs. 648.9 on BSE, after the company received USFDA approval for API Facility located in Dahej, Gujarat. With a market capitalisation of Rs. 957.5 crores, at 03:00 p.m., the shares [...]
Pharma stocks to watch after Gilead signs licensing deal to sell HIV drug
On Wednesday, Gilead Sciences, a US-based pharmaceutical company, issued royalty-free licenses to 6 generic drug manufacturers, allowing them to manufacture and sell affordable generic versions of its HIV prevention medicine in 120 low- and lower-middle-income countries. Additionally, Gilead also plans to supply these companies with the branded version of the drug, lenacapavir, in 18 countries, [...]
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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
Crude oil futures rise on higher demand
New Delhi, Feb 11 (PTI) Crude oil prices rose Rs 6 to Rs 6,805 per barrel on Friday, as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the February delivery traded higher by Rs 6, or 0.09 per cent, to Rs 6,805 per barrel in 10,340 [...]
CCI so far not found any contravention by e-tailers on predatory pricing: Parkash
New Delhi, Feb 11 (PTI) The Competition Commission of India (CCI) has as of now not found any contravention by e-commerce companies to have indulged in predatory pricing, Parliament was informed on Friday. The CCI has received certain complaints alleging predatory pricing against e-commerce companies, Minister of State for Commerce and Industry Som Parkash said [...]
N Chandrasekaran reappointed Tata Sons chairman
New Delhi, Feb 11 (PTI) N Chandrasekaran was on Friday reappointed as chairman of Tata Sons for a second five-year term. Tata Sons in a statement said the reappointment was ratified by the board. "At its meeting on 11 February 2022, the Board of Tata Sons reviewed the last five years and considered the reappointment [...]
Akzo Nobel India Q3 net profit dips 4 pc to Rs 84 cr; revenue up 18 pc to Rs 914 cr
New Delhi, Feb 11 (PTI) Paints and coatings maker Akzo Nobel India Ltd on Friday reported a 4.06 per cent decline in its consolidated net profit to Rs 83.82 crore for the third quarter ended December 2021, dragged by inflationary headwinds in raw material inputs. The company had posted a net profit of Rs 87.37 [...]
Motherson Sumi Q3 Results: Consolidated net profit dips 80%
Auto component major Motherson Sumi on Friday reported a 79.96 per cent drop in its consolidated net profit to Rs 225.95 crore for the third quarter ended December 31. The company had posted a consolidated net profit of Rs 1,127.83 crore in the same period of the previous fiscal. Total revenue from operations stood at [...]
RBI believes differing policy strategy, policy stance can coexist: SBI report
Mumbai, Feb 11 (PTI) Stating that the RBI has surprised everyone with its status quo on rates and accommodative stance for the 10th time in a row and a lower forecast for inflation and growth for FY23, SBI Research said that with this, the central bank has set a clear distinction between policy strategy and [...]
‘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 [...]
N Chandrasekaran reappointed Tata Sons chairman
New Delhi, Feb 11 (PTI) N Chandrasekaran was on Friday reappointed as chairman of Tata Sons for a second five-year term.Tata Sons in a statement said the reappointment was ratified by the board."At its meeting on 11 February 2022, the Board of Tata Sons reviewed the last five years and considered the reappointment of its [...]
MUMBAI, FEB 11 (PTI)
OPENING RATES SILVER SPOT (IN RS PER KILO): 62279.00 STANDARD GOLD (99.5) : 48706.00 PURE GOLD (99.9) : 48902.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 63150.00 RS. PER KG.SILVER RDY.(PORTION) : 63250.00 RS. PER KG.GOLD (24 CARAT) RDY. : 49500.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46950.00 RS. PER 10 GMS.HALLMARKED GOLD(22 CARAT) [...]
Altigreen raises Rs 300 cr funding led by Sixth Sense Ventures, Reliance New Energy, others
Mumbai, Feb 11 (PTI) Commercial electric vehicle maker Altigreen on Friday said it has raised Rs 300 crore (USD 40 million) in a funding round for capacity expansion, new products launch and to develop a pan-India network. The Series A investment is led by Sixth Sense Ventures, along with Reliance New Energy, Xponentia Capital, Accurant [...]
SBI Direct Exchanges
EXCHANGE (DPE ) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 74.70 76.20 74.64 76.36 EUR/INR 84.45 87.34 84.38 87.51 GBP/INR 100.51 103.68 100.43 103.89 JPY/INR 63.90 66.04 63.84 66.17 CHF/INR 79.85 82.84 79.79 83.00 AUD/INR 52.78 54.95 52.73 [...]
NEWSALERT
Tata Sons reappoints N Chandrasekaran as chairman for five years: Statement. PTI ANZ BAL BAL
Money Market Operations as on FEB
10, 2021 (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,47,125.02 3.47 1.01-3.70 I. Call Money 6,779.98 3.27 2.00-3.60 II. Triparty Repo 4,32,770.85 3.49 3.41-3.70 III. Market Repo 1,07,574.19 3.45 1.01-3.70 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice [...]
Jindal Steel and Power, Hindalco bag coal mines in Odisha in auction
New Delhi, Feb 11 (PTI) The second and third days of auction of coal blocks for commercial use saw Jindal Steel and Power bagging Utkal-C coal mine in Odisha, while Hindalco Industries made the highest bid for Meenakshi mine in the eastern state. While BS Ispat Ltd emerged as the highest bidder for Majra mine [...]
Sundaram-Clayton appoints R Gopalan as Chairman of board
New Delhi, Feb 11 (PTI) Auto component firm Sundaram-Clayton Ltd (SCL) on Friday said it has appointed R Gopalan as Chairman of the Board with effect from April 1.Gopalan has rich experience in the economic and financial administration of the country with long stints in the Ministry of Commerce and Finance and manufacturing and service [...]
MIMA asks Mizoram govt to allow all shops to open daily
(Eds: Minor edits in para 1 & 4) Aizawl, Feb 11 (PTI) An apex body of merchant associations in Mizoram on Friday asked the state government to revise the existing COVID-19 guidelines and to allow all shops to open on a daily basis under strict adherence to COVID Appropriate Behaviour (CAB) in all parts of [...]
Early recognition, diagnosis and intervention is the key to manage heart failure
Our heart is the central pump of our circulatory system and responsible for pumping blood to organs of our body, throughout our lives without any break, to ensure smooth functioning. Due to multiple factors, our heart muscles tend to get weak, and our heart is unable to pump blood, as it should be. But heart [...]
True North, Sequoia-backed Cloudnine files draft papers with Sebi; eyes Rs 1,200 cr via IPO
New Delhi, Feb 11 (PTI) Kids Clinic India Ltd, which operates super-specialty mother and babycare chain Cloudnine, has filed preliminary prospectus with Sebi to raise Rs 1,200 crore through an initial share-sale. The initial public offering (IPO) consists of a fresh issue of equity shares worth up to Rs 300 crore and an offer-for-sale (OFS) [...]
India Cements reports standalone Q3 net at Rs 3.30 crore
Cement maker The India Cements Ltd has reported a standalone profit for the quarter ending December 31, 2021 at Rs 3.30 crore, a senior official said on Friday. The city-based company had registered standalone profits at Rs 62.02 crore during the corresponding quarter in the previous year. For the nine month period ending December 31, [...]
Guar seed futures rise on fresh bets
New Delhi, Feb 11 (PTI) Guar seed prices on Friday rose by Rs 9 to Rs 6,241 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.On the National Commodity and Derivatives Exchange, guar seed for February contracts increased by Rs 9, or 0.14 per cent, [...]
Interim report on governance lapses in BharatPe in 2 weeks: CEO
New Delhi, Feb 11 (PTI) BharatPe chief executive Suhail Sameer in a communication to employees has stated that there were a couple of "serious allegations" of governance lapses, which warranted a fine-tooth-comb audit of governance practices by outside experts.He requested them to keep their trust in the leadership amid co-founder Ashneer Grover's tussle with the [...]
Guar gum futures gain on spot demand
New Delhi, Feb 11 (PTI) Guar gum prices on Friday gained Rs 46 to Rs 11,735 per five quintal in futures trade as speculators increased their holdings on spot demand.On the National Commodity and Derivatives Exchange, guar gum contracts for February delivery traded higher 0.39 per cent, or Rs 46, to Rs 11,735 per five [...]
ABB India: Strong Growth in Q4 2021 Supports Solid CY 2021 Performance
Bengaluru, Karnataka, India – Business Wire India ABB India Limited CY2021 and Q4 CY2021 results Q4 2021 HIGHLIGHTS • Orders grew 53% across products, solution, and services portfolio • Revenue up 24% across all business lines • Remarkable 211% Y-o-Y growth in profit after tax • Board of Directors approval for divestment of Turbocharger business, [...]
EVC global seeking angel funding to install 10,000 electric vehicle charging stations
Kolkata, Feb 11 (PTI) EVC Global, which currently offers location and mapping service of electric charging stations operators across the country on its app, is seeking angel funding to install 10,000 such stations by 2022, a company official said. Sensing opportunity in the electric charging station, other startups have also announced their plans to install [...]
JSW Steel crude steel output rises 15% in January
New Delhi, Feb 11 (PTI) JSW Steel on Friday reported 15 per cent rise in crude steel production at 16.46 lakh tonne for the month of January. The company's crude steel production was at 14.32 lakh tonne (LT) in January 2021, JSW Steel said in a filing to BSE. "JSW Steel reported the crude steel [...]
Govt has sovereign right to tax cryptocurrency; decision on banning or not banning to come later: FM
Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations. Replying to the general discussion on Union Budget, the minister said, "I am not going to legalise it or ban [...]
TechEagle’s made in India Hybrid e-VTOL Drone delivered medicines in Tirthan Valley of Himachal Pradesh in -5 deg C
• Govt of Himachal Pradesh collaborated with the deep tech startup TechEagle to initiate the drone delivery as PoC in the Kullu district – hard to access area, especially during winter. India, February 2022: TechEagle – one of the fastest-growing and leading DeepTech startups that offer world-class drone delivery solutions has partnered with Govt. of [...]
Jindal Global Law School Students’ win over 90 Prizes in Moot Court and ADR Competitions during Pandemic
Sonipat 11 February: While the Pandemic has been a slowdown, if not a shutdown, on many fronts, students of Jindal Global Law School (JGLS), of O.P. Jindal Global University (JGU) by their sheer determination and hard work, have shown stellar performances in various moot court competitions and competitions on Alternative Dispute Resolution (ADR), both nationally [...]
Growing revenues will lower fiscal deficit: Revenue Secretary
Kolkata, Feb 11 (PTI) Union Revenue Secretary Tarun Bajaj on Friday said that the country's fiscal deficit will come down once revenues start to grow. Speaking at a webinar organised by the Bengal Chamber of Commerce and Industry (BCCI), Bajaj said that the government had adopted a loose fiscal policy on the backdrop of increased [...]
HarperCollins Publishers India presents the first collection of translations from Harper Perennial’s new series that showcases the finest stories translated from the languages of the Indian Subcontinent
TELUGU: The Best Stories of Our Times, Edited by Volga and translated by Alladi Uma and M. Sridhar NEW DELHI, Feb. 11, 2022 /PRNewswire/ -- HarperCollins is proud to announce the release of the first collection of translations from Harper Perennial's new series, Telugu: The Best Stories of Our Times. This series showcases the finest [...]
Hindustan CODE bets big on nation’s ‘Digital Education’ mandate; prepares to welcome its students for the academic year 2022-23
- CODE offers an array of UGC entitled undergraduate and postgraduate degree programs through Online Learning and Open Distance Learning - Aims to help aspiring students and working professionals to equip with skills and knowledge needed for future ready jobs - Primarily focuses to tap into the emerging demand world wide CHENNAI, India, Feb. 11, [...]
NEWSALERT
Banning or not banning cryptocurrencies will come subsequently after consultations: FM replying to Budget debate in Rajya Sabha. PTI KKS MJH ANZ RAM
NEWSALERT
Not doing anything to legalise or ban cryptocurrencies: FM on decision to levy 30 pc tax on gains from cryptocurrencies. PTI KKS MJH ANZ RAM
NEWSALERT
No question of slowdown or recession, FM says in Rajya Sabha citing estimated 9.2 per cent GDP growth in current fiscal. PTI KKS MJH ANZ RAM
NEWSALERT
Economy was Rs 1.1 lakh crore 7 years ago, now it is Rs 2.32 lakh crore: FM on charge of economy running on treadmill. PTI KKS MJH ANZ RAM
NEWSALERT
Breached the 6% tolerance limit for inflation on 6 occasions since 2014; inflation management is robust: FM. PTI KKS MJH ANZ BAL BAL
NEWSALERT
67% of MSMEs were temporarily shut due to lockdown: FM replying to opposition charge that small businesses were shuttered. PTI KKS MJH ANZ BAL BAL
NEWSALERT
Fertiliser subsidy rose from budgeted Rs 79,530 cr for FY22 to Rs 1.4 lakh cr in revised estimates; shows govt receptive to needs: FM. PTI KKS MJH ANZ BAL BAL
NEWSALERT
Allocation for health has gone up from Rs 64,000 cr in 2019-20 to Rs 85,950 cr in 2021-22, Rs 86,606 cr in 2022-23: FM. PTI KKS MJH ANZ BAL BAL BAL
NEWSALERT
Rs 73,000 cr provided for rural employment guarantee scheme MNREGA, will give more if demand comes: FM Sitharaman in budget reply in RS. PTI KKS MJH ANZ BAL BAL
NEWSALERT
MNREGA is demand driven programme, meant to provide jobs to rural unemployed in lean season; whenever demand comes it is funded: FM. PTI KKS MJH ANZ BAL BAL
R Gopalan Appointed as Chairman of the Board of Sundaram-Clayton Limited
Chennai, Tamil Nadu, India (NewsVoir) Sundaram-Clayton Limited (SCL), a leading auto component manufacturing and distribution group, announced Mr. R Gopalan, Non-Executive Independent Director of the Company as Chairman of the Board effective April 01, 2022. Mr. Gopalan has rich experience in the economic and financial administration of the country with long stints in the Ministry [...]
NEWSALERT
MNREGA was infested with ghost accounts, people not born were receiving money: FM Sitharaman in budget reply in RS. PTI KKS MJH ANZ BAL BAL
Nitstone Finserv announces TCS as its technology partner
BENGALURU, India, Feb. 11, 2022 /PRNewswire/ -- Nitstone Finserv, the Bengaluru based Fintech (NBFC), announced its partnership with Tata Consultancy Services (TCS) as its technology partner. Nitstone Finserv and TCS will combine its deep industry knowledge, and experience to improve the end-to-end customer journey using integrated and intelligent adeptness, for loan sourcing and servicing through [...]
NEWSALERT
Rs 7.5 lakh cr spending will create jobs; job creation not limited to 60 lakh jobs from productivity linked incentive plan for 14 sectors: FM. PTI KKS MJH ANZ BAL BAL
TOSHIBA POSTS HIGHER Y-Y HDD SHIPMENT AND EXABYTES IN 2021
NEARLINE HDD UNITS SALES SOAR 73% WHILE EXABYTES JUMP 114% Y-Y TAIPEI, Feb. 11, 2022 /PRNewswire/ -- Toshiba Electronic Components Taiwan Corporation ("Toshiba") announced HDD shipment unit and Exabyte grew 4% and 61%, respectively in 2021. The company shipped 54.68 million units equaling 187.24 Exabytes for the year. Nearline, Mission Critical, Desktop/CE segments posted higher [...]
Key Takeaways from RBI’s Monetary Policy – Things you need to know
This is the tenth time in a row that RBI Governor Shaktikanta Das is heading the RBI’s (Reserve Bank of India) Monetary Policy Committee. The committee has kept key interest rates unchanged on February 10. The three-day MPC meeting began on February 8 and concluded on February 10. This process was delayed by a day [...]
NEWSALERT
No cause of worry because of different numbers of GDP in Eco Survey, Budget; result of sources of data being different: FM. PTI KKS MJH ANZ BAL BAL
NEWSALERT
Capital spending gives much more multiplier than revenue route; choose public capital spending to boost eco: FM Sitharaman. PTI KKS MJH ANZ BAL BAL
NEWSALERT
Inflation was 9.1% during lesser financial crisis of 2008-09, while it is at 6.2% during pandemic that has bigger impact on eco: FM. PTI KKS MJH ANZ BAL BAL
NEWSALERT
Indian economy suffered Rs 9.57 lakh cr loss due to pandemic, compared to a loss of Rs 2.12 lakh cr in global meltdown in 2008-09: FM. PTI KKS MJH ANZ BAL BAL
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 2.03 per cent to Rs 608 on the BSE. At the NSE, it dipped 1.99 per cent to [...]
NEWSALERT
Indian economy suffered biggest contraction because of pandemic: Finance Minister Nirmala Sitharaman in Rajya Sabha. PTI KKS MJH ANZ BAL BAL
External auditor’s interim report on governance process in BharatPe in few weeks:CEO Suhail Sameer
New Delhi, Feb 11 (PTI) An interim report on the review of the governance process in BharatPe is expected in the next couple of weeks, CEO Suhail Sameer told employees in a letter. BharatPe has a huge amount of cash in banks and existing investors continue to back the company. The firm does not need [...]
NEWSALERT
Stable, sustainable recovery important motive for Budget 2022-23: FM Sitharaman in Rajya Sabha. PTI KKS MJH ANZ ANZ BAL BAL
NEWSALERT
BharatPe has a huge amount of cash in bank, existing investors continue to back co; don't need to raise capital in foreseeable future: CEO. PTI ANZ ANZ BAL BAL
Indowind Energy reports Rs 21.64 lakh loss in Dec quarter
New Delhi, Feb 11 (PTI) Indowind Energy reported a consolidated net loss of Rs 21.64 lakh in the December quarter, mainly due to low revenue.The company had posted a consolidated net profit of Rs 61.02 lakh in the quarter ended December 31, 2020, a BSE filing stated.The total revenue of the company stood at Rs [...]
In Qingdao: Explore the Spring Festival Vibe
QINGDAO, China, Feb. 10, 2022 /PRNewswire/ -- From paper-cutting to Jiaodong drums, from traditional New Year customs to reunion New Year's Eve dinner, foreign friends from Germany used unique perspectives to show the Chinese Spring Festival to the world, spread Chinese culture and share the treasured memories of Qingdao people. Contact: Zhu Yiling Tel: +86-532-85911619 [...]
Seagram’s Royal Stag Proudly Sponsors the West Indies Cricket Team for their Tour of India-2022
Delhi, India (NewsVoir) Seagram’s Royal Stag is proud to announce its collaboration as Official Sponsor of the West Indies cricket team for the ongoing tour to India. Team West Indies is synonymous with performance that is enhanced by natural Caribbean flamboyance, and this style fits in perfectly with the Royal Stag brand philosophy – “It’s [...]
Handmade Kashmir carpets to get QR code certification
Jammu, Feb 10 (PTI) The handmade carpets in Jammu and Kashmir will now get QR code-based certification, which is a first-of-its-kind in the country. Lieutenant Governor Manoj Sinha launched the Quick Response Code-based mechanism for labelling of the carpets in the Union Territory. With the QR-based application, customers can check and verify authenticity and other [...]
Bihar received investment proposals worth Rs 38,906cr in last 12 months: Minister
Patna, Feb 10 (PTI) Bihar Industries Minister Syed Shahnawaz Hussain on Thursday said the state received investment proposals worth Rs 38,906 crore in the last 12 months. He stated that "talks are on" with industrialists to attract more investments in the state. "Bihar is moving towards industrialisation. Four ethanol production units are ready to start [...]
India, Aus looking to finalise early harvest agreement in next 30 days: Goyal
New Delhi, Feb 10 (PTI) India and Australia are looking to finalise an early harvest agreement in the next 30 days and this pact is likely to cover most areas of interest that both the countries have, Commerce and Industry Minister Piyush Goyal said on Thursday. Australian Trade Minister Dan Tehan is here on an [...]
Modi govt trying to take country from UPA’s ‘Andh Kal’ to ‘Amrit Kal’: FM in LS
New Delhi, Feb 10 (PTI) Taking the Congress head-on, Finance Minister Nirmala Sitharaman on Thursday said 'Andh Kal' (dark period) prevailed during the UPA regime, while the Modi government is trying to steer the country to 'Amrit Kal' (golden period). Reeling statistics while replying to a discussion on Budget 2022-23 in the Lok Sabha, she [...]
India, Aus looking to finalise early harvest agreement in next 30 days: Goyal
New Delhi, Feb 10 (PTI) India and Australia are looking to finalise an early harvest agreement in the next 30 days and this pact is likely to cover most areas of interest that both the countries have, Commerce and Industry Minister Piyush Goyal said on Thursday. Australian Trade Minister Dan Tehan is here on an [...]
SDMC Budget: Proposal to hike property tax rejected; parks to have yoga centres
New Delhi, Feb 10 (PTI) The proposal made in South Delhi Municipal Corporation's annual budget to increase property tax levied on residential and commercial properties, has been rejected by the Leader of House who finalised it on Thursday, officials said. The SDMC on Thursday also announced that tax on one property will be exempted for [...]
Business briefs 4
BHEL wins 'ICAI Award for Excellence in Financial Reporting' for FY21 New Delhi, Feb 10 (PTI) State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) has won the coveted 'ICAI Award for Excellence in Financial Reporting' for the financial year 2020-21. On behalf of BHEL, the award was received by its Director (Finance) Subodh Gupta from [...]
Low interest rates and enormous liquidity in the system is a concern: D Subbarao
Chennai, Feb 10 (PTI): Former Reserve Bank of India Governor D Subbarao on Thursday said the concern today was that the low interest rates and the enormous liquidity available in the system could potentially disrupt financial stability. The challenge for central banks and for the Reserve Bank of India was to juggle between maintain price [...]
Quess Corp’s consolidated PAT doubles to Rs 89 cr in Dec quarter
Mumbai, Feb 10 (PTI) Business services provider Quess Corp on Thursday reported a 93.47 per cent jump in consolidated profit after tax (PAT) to Rs 89 crore for the quarter ending December 31, 2021. The company's PAT had stood at Rs 46 crore during the corresponding quarter of 2020-21, Quess Corp said in a statement. [...]
Thums Up becomes a billion-dollar brand
New Delhi, Feb 10 (PTI) Desi soft drink brand Thums Up has become a billion-dollar brand in 2021, global soft drinks major The Coca-Cola Company, which owns the brand, said. "Our local Thums Up brand became a USD one billion brand in India, driven by focussed marketing and execution plans," said The Coca-Cola Company Chairman [...]
Delhi HC reserves order on bail plea by Ambience group promoter in money laundering case
New Delhi, Feb 10 (PTI) The Delhi High Court on Thursday reserved its order on Ambience group promoter Raj Singh Gehlot's bail plea in a money laundering case linked to an alleged bank loan fraud of Rs 800 crore. Justice Manoj Kumar Ohri concluded the hearing in the case after submissions were made by senior [...]
Pulses need policy support similar to cereals during Green Revolution: IPGA
Mumbai, Feb 10 (PTI) It is time to focus on pulses and oilseeds with policy support, as was done with cereals during the Green Revolution, the India Pulses and Grains Association (IPGA) said on Thursday. "I am convinced that it is time for India to focus on pulses and oilseeds as we did with cereals [...]
Over USD 7 bn raised by Indian start ups in Q4 2021: Report
New Delhi, Feb 10 (PTI) More than USD 7 billion was raised by Indian start-ups during the fourth quarter of 2021, which was 18 per cent higher than the previous sequential quarter, according to a report. The report by NASSCOM and Praxis Global revealed that fintech and retail tech were the top sector in Q4 [...]
APM Terminals Pipavav 19 pc lower profit
Mumbai, Feb 10 (PTI) APM Terminals Pipavav' on Thursday posted a 19 per cent decline in net profit to Rs 43.76 crore in the December quarter over the same period year-ago. The private port operator had posted a net profit of Rs 54.32 crore in the quarter that ended December 31, 2020. Revenue from operations also [...]
RBI releases master directions for credit derivative transactions
Mumbai, Feb 10 (PTI) The Reserve Bank on Thursday came out with its master directions for credit derivative transactions, a year after it released the draft guidelines. The directions issued on Thursday will apply to credit derivatives transactions undertaken in Over-the-Counter (OTC) markets and on recognised stock exchanges in India, and will be effective from [...]
Manali tourism body authorises IDFC First Bank to collect green tax at toll plazas using FASTag
New Delhi, Feb 10 (PTI) The Tourism Development Council Manali has authorised IDFC First Bank to collect the green tax by way of FASTag from motorists entering the city at toll plazas. The hill city in Himachal Pradesh is visited by around 50 lakh tourists every month. The Tourism Development Council Manali and IDFC First [...]
MX TakaTak to merge with ShareChat’s Moj short video platform
New Delhi, Feb 10 (PTI) Short video platform MX TakaTak will merge with social media firm ShareChat's Moj platform to create a community of 100 million content creators with access to 300 million monthly active users, a joint statement said. Both Moj and MX TakaTak were launched in July 2020 after the government banned a [...]
Labour Min engages with job portals over skilling ecosystem
New Delhi, Feb 10 (PTI) The Labour Ministry on Thursday held discussions with representatives of private job portals, including Naukri, Monster, LinkedIn, Indeed and TimesJobs. The ministry held discussions towards strengthening the 'Employment and Skilling Ecosystem' in India, an official release said. Sunil Barthwal, Secretary, Ministry of Labour and Employment held a meeting on 10th February 2022 [...]
Pandemic impacted business but things are coming back: Nykaa MD
New Delhi, Feb 10 (PTI) FSN E-Commerce Ventures Ltd, which runs an online marketplace for beauty and wellness products firm Nykaa, expects strong momentum in the business as the impact of the COVID-19 pandemic recedes and the situation becomes normal, according to a top official of the company. Nykaa, which focuses on beauty, fashion and [...]
India among top 5 economies for ease of starting new business: Global survey
London, Feb 10 (PTI) India is among the top five easiest places to start a new business, a global consortium of over 500 researchers said on Thursday in its latest report, putting the country on top amongst low-income economies on different entrepreneurial framework conditions. The Global Entrepreneurship Monitor (GEM) 2021/2022 report, unveiled at the Dubai [...]
PepsiCo logs double-digit volume growth in India in 2021
New Delhi, Feb 10 (PTI) Global food and beverages major PepsiCo on Thursday reported a double-digit volume growth in the Indian market in 2021. PepsiCo's net revenue in 2021 from Africa, Middle East, South Asia (AMESA) division, which includes India, was up 32.91 per cent to USD 6.07 billion as against USD 4.57 billion earlier. [...]
Adani Ports forays into Bengal maritime sector, to operate berth at Haldia
Kolkata, Jan 10 (PTI) The Kolkata port authorities on Thursday officially handed over the letter of award to Gautam Adani controlled Adani Ports and Special Economic Zone Limited (APSEZ) for mechanisation and upgradation of a berth in Haldia Dock Complex (HDC).This marks the entry of the country’s largest private port operator in West Bengal's maritime [...]
RBI measures for MSMEs, contact-intensive sectors augur well for economy, say financial experts
New Delhi, Feb 10 (PTI) A status quo in repo rate underlines RBI's priority in supporting GDP growth amid the lingering impact of the pandemic, while additional measures for MSMEs, contact-intensive sectors and digital transactions augurs well for the overall economic health, financial market participants said on Thursday. For the 10th time in a row, [...]
Tata Steel Long products to raise up to Rs 13,000 cr
New Delhi, Feb 10 (PTI) Tata Steel Long Products on Thursday said its board has approved raising up to Rs 13,000 crore through issuance of non-convertible redeemable preference shares on private placement basis to parent firm Tata Steel. The funds raised would be used to meet the financial requirements to give effect to Tata Steel's [...]
Banks sanction loans worth Rs 3.1 lakh cr to MSMEs under ECLGS: Sitharaman
New Delhi, Feb 10 (PTI) Finance Minister Nirmala Sitharaman on Thursday said banks have sanctioned loans worth Rs 3.1 lakh crore under the Emergency Credit Line Guarantee Scheme (ECLGS) for the MSME sector that was impacted by disruptions due to the coronavirus pandemic. The scheme has been extended till March 2023. "Those MSMEs who still [...]
IRB Infra Developers’ net profit rises 4.6 pc to Rs 72.7 cr in Dec quarter
New Delhi, Feb 10 (PTI) IRB Infrastructure Developers Ltd on Thursday reported a 4.6 per cent rise in its consolidated net profit to Rs 72.68 crore for the quarter ended December 31, 2021. The company had clocked a Rs 69.48-crore net profit during the year-ago quarter, IRB Infrastructure Developers said in a BSE filing. Its total [...]
RBI accommodative stance to support economic recovery, say bankers
Mumbai, Feb 10 (PTI) Bankers on Thursday welcomed the Reserve Bank of India's (RBI) decision to keep the repo rate unchanged and said the accommodative stance augurs well for the country's economic recovery. In the monetary policy announced on Thursday, the RBI held its key lending rates steady at record low levels for the 10th [...]
J&K govt, OYO launch ‘Crown of Incredible India’ home-stay initiative
Jammu, Feb 10 (PTI) To give a boost to the distressed tourism industry and turn the youth into start-up entrepreneurs in Jammu and Kashmir, hospitality tech firm OYO on Thursday partnered with the J&K administration to launch a rural tourism initiative, 'Crown of Incredible India', across the Union Territory. Under this collaborative approach, OYO will also [...]
Fimmda to set up panel to determine procedures for cash, auction settlements of credit derivatives
Mumbai, Feb 10 (PTI) Reserve Bank of India (RBI) on Thursday asked money market body Fimmda to set up a credit derivatives determinations committee to determine the procedures for cash and auction settlements of credit derivatives. The central bank has issued the master directions on credit derivatives 2022 as part of reviewing the Credit Default [...]
37.33 lakh smart electricity meters installed in country so far: R K Singh
New Delhi, Feb 10 (PTI) About 37.33 lakh smart electricity meters have been installed across the country so far, Parliament was informed on Thursday. Till date, approximately 37.33 lakh smart meters have been installed in various states under various schemes of the Government of India and discoms, Union Power Minister R K Singh stated in [...]
Airfare bands protecting interests of airlines, passengers: Scindia
New Delhi, Feb 10 (PTI) Civil aviation minister Jyotiraditya Scindia on Thursday said airfare bands serve the purpose of protecting the interests of airlines as well as passengers. In the wake of the coronavirus pandemic, the civil aviation ministry introduced airfare bands with upper and lower limits as a temporary measure under the Aircraft Act, [...]
Govt makes three-point seat belts mandatory for all front-facing passengers in car
New Delhi, Feb 10 (PTI) The government has made it mandatory for automakers to provide three-point seat belts for all front-facing passengers in a car. The norm will also be applicable for the middle seat in the rear row of a car, Union minister Nitin Gadkari said at a press conference on Thursday. "I have signed a [...]
Karan Adani meets Mamata Banerjee, discusses possible investment
Kolkata, Feb 10 (PTI) Industrialist Gautam Adani's son Karan Adani Thursday met West Bengal Chief Minister Mamata Banerjee at the state secretariat and discussed possible investments in the state, a top government official said. At the meeting, held two months before the state government's annual global business summit, discussions were held on constructing the proposed [...]
Mindspace REIT Q3 net operating income up 4pc to Rs 371.5cr
New Delhi, Feb 10 (PTI) Mindspace Business Parks REIT on Thursday reported a 4 per cent increase in its net operating income to Rs 371.5 crore and declared distribution of Rs 275.2 crore for its unitholders for the quarter ended in December. In a regulatory filing, the company informed that it has declared distribution of [...]
Gulf Oil’s profit after tax falls 8 pc to Rs 58.6 cr in Dec quarter
Mumbai, Feb 10 (PTI) Lubes maker Gulf Oil on Thursday reported an eight per cent drop in profit after tax (PAT) to Rs 58.63 crore for the December 2021 quarter. Gulf Oil had posted a PAT of Rs 64 crore in the corresponding quarter last year, the company said in a statement. At the same [...]
Carborundum Universal reports Q3 net at Rs 110.91 cr
Chennai, Feb 10 (PTI): Manufacturer of abrasives Carborundum Universal Ltd (CUMI) has reported consolidated profit for the quarter ending December 31, 2021 at Rs 110.91 crore, the company said on Thursday. The city-based company, part of the diversified conglomerate Murugappa Group, had reported consolidated net at Rs 86.62 crore during the corresponding quarter previous year. [...]
DGFT notifies norms for import of calcined, raw pet coke for 2022-23
New Delhi, Feb 10 (PTI) The Directorate General of Foreign Trade on Thursday said it has notified the procedure for allocation of quota for import of calcined pet coke for use in the aluminum industry, and raw pet coke for CPC manufacturing industry for 2022-23. In a notification, the Directorate General of Foreign Trade (DGFT) [...]
NEWSALERT
PM Mudra Yojana has created 1.2 crore additional employment since its launch in 2015, says Sitharaman. PTI DP CS SKU ABM ABM
Tata Chemicals’ consolidated PAT jumps 69.4 pc to Rs 340 cr in Dec quarter
Mumbai, Feb 10 (PTI) Tata Chemicals on Thursday reported a 69.39 per cent growth in consolidated profit after tax (PAT) to Rs 340 crore for the quarter ended December 31, 2021. The company's PAT had stood at Rs 200.72 crore during the corresponding quarter last year, Tata Chemicals said in a regulatory filing. Its revenue [...]
Dr Lal PathLabs posts Rs 58 cr profit for Oct-Dec
New Delhi, Feb 10 (PTI) Diagnostics chain Dr Lal PathLabs Ltd on Thursday reported a consolidated net profit of Rs 58.2 crore in the third quarter ended in December 2021. The company had posted a consolidated net profit of Rs 95.9 crore in the same quarter last fiscal, Dr Lal PathLabs said in a regulatory [...]
NEWSALERT
Banks sanctioned Rs 3.10 lakh cr to MSMEs under ECLG scheme, says FM. PTI DP CS SKU ABM ABM
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