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Chemical stock jumps 8% after new agreement with agrochemical company
The shares of the leading specialty chemicals manufacturer gained up to 8% after the company’s subsidiary has entered into an agreement with a leading agrochemical company. Jubilant Ingrevia Ltd has a market capitalization of Rs 12,893.81 crore, the shares were trading at Rs 809.55 per share, increasing around 4.43 percent as compared to the previous [...]
Solar stock in focus after receiving order worth ₹2.4 Cr from Gujarat Govt
Shares of this solar company are gaining attention after securing a Rs.2.4 crore maintenance order from the Gujarat Energy Development Agency, a Government of Gujarat organization. Share price movement In Thursday’s trading session, Trom Industries Ltd shares opened at Rs.228.00 per share, a decline from the previous close of Rs.229.50 apiece. The shares have since [...]
Large cap stock jumps after PM Modi inaugurates its bio gas plant in Ranchi
A leading natural gas stock rose 2 percent to Rs.243.95 per share after Prime Minister Narendra Modi inaugurated a Compressed Bio-Gas plant in Ranchi. This development underscores the government's commitment to advancing sustainable energy solutions. Share Price Variation In Thursday’s trading session, the share price of GAIL (Gas Authority Of India) Limited reached an intra-day [...]
Ambani stock hits 5% upper circuit after JV to develop hydropower projects in Bhutan
Ambani Group stock engaged in the business of developing, constructing, and operating power projects hits a 5 percent upper circuit in the day’s trade following entry into Bhutan and developing Renewable projects. Price Action With a market capitalization of Rs. 21,551 Crores, the shares of Reliance Power Limited hit a 5 percent upper circuit at [...]
Smallcap stock jumps after it announces 3:1 bonus issue
The shares of this smallcap company jumped around 2 percent in Thursday’s trading session after announcing bonus shares in the ratio of 3:1. In just six months the stock has delivered more than 150 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 1,768 crores, the shares of Bajaj Steel Industries [...]
Stock jumps 3% after receiving LoA from Mumbai Metro for ₹1,842 Cr
The shares of the infrastructure developer gained up to 3 percent after the company received a Letter of Acceptance from Mumbai Metropolitan Region Development Authority for Rs 1,842.72 crore. With a market capitalization of Rs 5,929.91 crore, the shares of J. Kumar Infraprojects Limited were trading at Rs 780.70 per share, increasing around 0.15 percent [...]
Gas stock jumps 5% after commissioning 2 LNG storage tanks
During Thursday’s trading session, the shares of a company engaged in the import and regasification of LNG surged 5.6 percent to Rs. 363.45 on BSE, after the company announced the commissioning of two LNG storage tanks. With a market capitalisation of Rs. 54,255 crores, at 12:02 p.m., the shares of Petronet LNG Limited were trading [...]
Sanjiv Goenka stock hits 10% upper circuit after receiving approval for trail of PET perform
The shares of this microcap company locked a 10 percent upper circuit after securing approval for a trial with one of the largest global beverage corporation. In just one month, the stock has delivered more than 100 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 969 crores, the shares of [...]
Transformer stock jumps 5% after receiving ₹565 Cr order from Power Grid
Transformer stock engaged in designing and manufacturing the entire range of transformers jumped upto 5 percent in the day’s trade upon receiving a new work order worth Rs. 565 Crores from Power Grid Corporation of India Limited. Price Action With a market capitalization of Rs. 10,055 Crores, the shares of Transformers & Rectifiers (India) Limited [...]
IT stock jumps 5% after its subsidiary files for IPO
The shares of this microcap company surged around 5 percent in Thursday’s trading session after its subsidiary filed a draft red herring prospectus (DRHP) for an initial public offering (IPO). The shares have delivered around 40 percent return to its shareholders in just one month. Price Movement: With a market capitalization of Rs. 368 crores, [...]
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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
Adani Wilmar’s m-cap crosses Rs 50,000 cr
New Delhi, Feb 10 (PTI) Adani Wilmar Ltd's market capitalisation on Thursday crossed over Rs 50,000 crore on NSE and the shares zoomed as much as nearly 20 per cent to lock in upper circuit limit.On NSE, the scrip rallied 19.99 per cent to the upper price band of Rs 386.25.As per NSE data, market [...]
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 move comes ahead of the civic polls in Delhi due in April. Recently, the [...]
Bank credit grows at 8.21 pc; deposits at 8.31 pc
Mumbai, Feb 10 (PTI) Bank credit grew by 8.21 per cent to Rs 115.82 lakh crore and deposits by 8.31 per cent to Rs 160.33 lakh crore in the fortnight ended January 28, RBI data showed. In the fortnight ended January 29, 2021, bank advances stood at Rs 107.04 lakh crore and deposits at Rs [...]
Fixed rate reverse repo, MSF ops to revert to pre-COVID timings from Mar 1: RBI
Mumbai, Feb 10 (PTI) As part of its liquidity tightening measures, the Reserve Bank on Thursday said timings for the liquidity adjustment facility under the fixed rate reverse repo window and the marginal standing facility (MSF) operations will revert to the pre-pandemic levels from March 1, 2022. Accordingly, the new timings for the fixed rate [...]
Nuvoco Vistas Corp to invest Rs 1,950 cr as part of expansion plans
New Delhi, Feb 10 (PTI) Cement maker Nuvoco Vistas Corp on Thursday, as part of its expansion plans, announced investment of Rs 1,950 crore, which includes Rs 1,500 for setting up a new project in Gulbarga, Maharashtra. The new facility will help it expand its footprints in the Western and Central India markets, said Nuvoco Vistas Corp, [...]
Amara Raja Batteries Q3 net profit dips 25 pc to Rs 145 cr
New Delhi, Feb 10 (PTI) Amara Raja Batteries on Thursday said its consolidated net profit declined 25.25 per cent to Rs 145.30 crore in the third quarter ended December 31, 2021. The company had reported a net profit of Rs 193.69 crore in the corresponding quarter of the previous fiscal. Its revenue from operations, however, [...]
NEWSALERT
Urban unemployment has declined, now at pre-pandemic levels, says FM. PTI DP CS SKU ABM ABM
TCS OmniStore available on Google Cloud
New Delhi, Feb 10 (PTI) India's largest IT services company Tata Consultancy Services on Thursday said its AI-powered unified commerce platform, TCS OmniStore, is now available on Google Cloud. TCS OmniStore is a 'one commerce platform' for all channels that fulfils the expectation of seamless experiences from digital shoppers, the company said in a statement. [...]
Centre has filed appeal in SC against Madras HC setting aside central govt notification on 120 kmph speed limit for highways: Gadkari
New Delhi, Feb 10 (PTI) Union Minister Nitin Gadkari on Thursday said the Centre has filed an appeal in the Supreme Court against the Madras High Court's decision to set aside a central government notification fixing 120 kmph as the speed limit for vehicles plying on highways. Gadkari further said he wants to finalise a [...]
Abu Dhabi, Kerala to work together for tourism development
Thiruvananthapuram, Feb 10 (PTI) Abu Dhabi and Kerala have agreed to work together for development of tourism, giving a big boost to the state's initiatives to revive travel and hospitality sector from the pandemic-induced downturn. The understanding was reached during the discussions Kerala Tourism Minister PA Mohamed Riyas had with Abu Dhabi Department of Culture [...]
NEWSALERT
FM says Rs 9.57 lakh crore reduction in GDP was witnessed due to COVID-19 in 2020-21. PTI DP CS SKU ABM ABM
GIC India posts Rs 28.5-cr loss for Dec quarter
New Delhi, Feb 10 (PTI) General Insurance Corporation of India on Thursday reported a net loss of Rs 28.48 crore in the quarter ended December 2021, due to higher underwriting losses. The general insurer had posted a net profit of Rs 987.42 crore in the year-ago quarter. Sequentially, there was a net profit of Rs [...]
Torrent Power to acquires 25 MW solar plant for Rs 163 cr
New Delhi, Feb 10 (PTI) Torrent Power has inked a share purchase agreement with Blue Diamond Properties Pvt Ltd and Balrampur Chini Mills to acquire 100 per cent stake in a 25 MW solar power plant at an enterprise value of Rs 163 crore. The company will acquire 100 per cent stake of Visual Percept [...]
NEWSALERT
44 unicorns identified in country in 2020-21, an indication of 'Amrit Kal', says Sitharaman in reply to debate in LS on Budget. PTI DP CS SKU ABM ABM
NEWSALERT
Rampant corruption, double digit inflation, policy paralysis were part of the dark age under Congress rule, says Sitharaman. PTI DP CS SKU ABM ABM
Alstom to expand its talent pool in India by 15 pc in 2022
Mumbai, Feb 10 (PTI) Mobility company Alstom on Thursday said it is looking to add 15 per cent or up to 1,500 additional workforce to its talent pool in India by the end of 2022. With a strong order backlog of close to four billion euros from its operations and the optimism for the Indian [...]
Bankers, financial experts hail RBI policy
Kolkata, Feb 10 (PTI) Bankers and financial experts Thursday welcomed the RBI's decision to keep policy rates unchanged, saying the move is extremely positive and aimed at controlling liquidity in the system. The central bank's monetary policy committee earlier in the day decided to keep the benchmark interest rate unchanged at 4 per cent, and [...]
In current times, monetary and fiscal policies cannot be a ‘question of either or’: Das
Mumbai, Feb 10 (PTI) Defending the long pause in interest rate hike and the continuing accommodative stance, Reserve Bank of India Governor Shaktikanta Das on Thursday said in current times, "monetary and fiscal policies cannot be a question of either or, but must go in tandem with each other". For the 10th time in a [...]
SC allows ED to rely on forensic auditors’ report for charge sheet against Unitech ex-promoters
New Delhi, Feb 10 (PTI) The Supreme Court Thursday granted permission to Enforcement Directorate to rely on the report of court-appointed forensic auditors in its charge sheet to be filed against Unitech's former promoters Sanjay Chandra, Ajay Chandra and others.A bench of Justices D Y Chandrachud and M R Shah gave permission to the ED [...]
Cautiously progressing to introduce CBDC; do not want to rush it: RBI Governor
Mumbai, Feb 10 (PTI) Days after the government said the Reserve Bank will introduce a digital currency in 2022-23, Governor Shaktikanta Das on Thursday said the central bank does not want to rush and is carefully examining all aspects before introduction of the Central Bank Digital Currency (CBDC). He, however, declined to give any timeline [...]
7Seas Entertainment plans to launch ‘play to earn’ model games
Hyderabad, Feb 10 (PTI) 7Seas Entertainment Ltd, a city-based independent game developer, on Thursday said it stepped up its game to fit “Play to earn” model, which is emerging as an attractive business form, providing entertainment and money-making platforms for players and companies in the gaming industry. The stock exchange-listed company said it is all [...]
India ranks 3rd globally in LEED certified green buildings; China at 1st spot: USGBC
New Delhi, Feb 10 (PTI) India has ranked third in the world for LEED certified green buildings in 2021 in the US Green Building Council (USGBC) annual list. China and Canada are at the first two positions. The United States is not included in the list but remains the world's largest market for LEED. LEED [...]
Mahindra Lifespace shares zoom 20% post land deal announcement with M&M
New Delhi, Feb 10 (PTI) Shares of Mahindra Lifespace Developers Ltd on Thursday surged nearly 20 per cent to its 52-week high after announcing that it will buy 9.24 acres from Mahindra & Mahindra Ltd.On BSE, the scrip zoomed 19.99 per cent to its upper circuit limit of Rs 320.55.Similarly, on NSE, the shares rallied [...]
Dr. Kamakshi Memorial Hospital Gives Patient Second Life
Fatal black fungus infection successfully treated Chennai, Tamil Nadu, India (NewsVoir) When COVID-19 strikes hard, it's not easy to come back un-maimed. 27-year-old Sravankumar was admitted to Dr. Kamakshi Memorial Hospital in June 2021 with severe COVID-19 infection and co-existing prediabetes. He had initially been treated at his hometown, but given the severity of the [...]
HarperCollins presents – A HISTORY OF OBJECTS; A Collection of Stories by Carlo Pizzati
A masterful exploration of how objects can come to hold great power over life and the course it takes NEW DELHI, Feb. 10, 2022 /PRNewswire/ -- ABOUT THE BOOK A candy box reveals a son's true feelings for his mother. A fish sculpture creeps into a budding and healthy relationship. A splint on a music [...]
Cleartrip to hire 400 by Dec; total headcount strength to reach 700
New Delhi, Feb 10 (PTI) Online travel services provider Cleartrip on Thursday said it is planning to hire 400 persons to take the total headcount to 700 by December 2022. This new hiring will take Cleartrip's workforce to around 700 employees by December 2022, a three-fold jump from 240 employees in October 2021, the company [...]
Schneider Electric Infra net up 57 pc to Rs 52 cr in Dec quarter
New Delhi, Feb 10 (PTI) Schneider Electric Infrastructure on Thursday said its net profit rose 57 per cent to Rs 52.37 crore for the December quarter on the back of higher revenues. The company had reported a net profit of Rs 33.33 crore in the quarter ended December 31, 2020, it said in a BSE [...]
Contribution of industrialists, corporate houses in job creation must be recognised: BJP MP
New Delhi, Feb 10 (PTI) BJP MP KJ Alphons on Thursday said that the contribution of industrialists and corporate houses that are creating jobs and making large investments in the country must be recognised. Tearing into opposition's allegations that rich are growing richer and that government policies were benefitting corporate houses, Alphons hit back saying [...]
RBI keeps interest rate unchanged at record low
Mumbai, Feb 10 (PTI) The Reserve Bank of India (RBI) on Thursday held its key lending rates steady at record low levels for the 10th straight meeting to support a durable recovery of the economy from the COVID-19 pandemic. RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) decided to hold the lending rate, [...]
Single Component Haemostatic Agent – A Boon for Surgeons
Chandigarh, India – Business Wire India • Save blood, save lives: Swasth Kare launches a single component Haemostatic agent from Wortham Laboratories SeraSeal that stops bleeds within seconds including arterial bleeds. • Potential to save many lives; Revolutionary product that can help save blood • A boon for doctors/surgeons as it reduces surgical time and [...]
Knox Artiste Set to Release Another ‘Flashup’ Banger on Valentine’s Day in Association with Magic Moments Music Studio
New Delhi, Delhi, India (NewsVoir) Music lovers all over the world can now set their sights and attention on what promises to be one of the biggest song releases of the year as Knox Artiste comes up with yet another viral release to tease, thrill, entertain and get bodies grooving. The inspiring and talented entertainer [...]
Govt doing away with ownership in PSU, investing sizeable money in Voda: Shiv Sena MP
New Delhi, Feb 10 (PTI) Shiv Sena MP Anil Desai on Thursday said it is surprising to see that the government is doing away with its ownership in profitable public sector companies and, at the same time, making a sizable investment in private telecom company Vodafone Idea. He said the dismantling of the profit-making public [...]
Alstom in India to expand its talent pool by 15% in 2022
Recognized as 'Top Employer' in India for the second consecutive year BENGALURU, India, Feb. 10, 2022 /PRNewswire/ -- Alstom has always focused on having a diverse & inclusive workforce, leading to better ideation, foster innovation, and higher participation at the workplace. With a strong order backlog of close to €4 B from its operations, and [...]
Alstom in India to expand its talent pool by 15% in 2022
Recognized as 'Top Employer' in India for the second consecutive year BENGALURU, India, Feb. 10, 2022 /PRNewswire/ -- Alstom has always focused on having a diverse & inclusive workforce, leading to better ideation, foster innovation, and higher participation at the workplace. With a strong order backlog of close to €4 B from its operations, and [...]
Days after govt’s taxation move, RBI Guv says cryptocurrencies a threat to fin stability; not even worth a tulip
Mumbai, Feb 10 (PTI) Reserve Bank Governor Shaktikanta Das on Thursday said cryptocurrencies are a "threat to macroeconomic and financial stability" and cautioned investors against punting on them, days after the Union government's move to tax the gains made from cryptocurrency trades. In the Union Budget for 2022-23 presented in Parliament on February 1, the [...]
Banking stocks end with gains after RBI leaves benchmark lending rate unchanged
Banking sector stocks on Thursday ended in green after the central bank's monetary policy committee decided to keep the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance. Barring Bank of Baroda, shares of all other lenders in the S&P BSE BANKEX index ended with gains. The highest [...]
MUMMBAI, FEB 10
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 62528.00 62825.00 STANDARD GOLD (99.5) : 48737.00 48705.00 PURE GOLD (99.9) : 48933.00 48901.00 --------------- PTI MUM SVC SVC SVC
Strides Pharma Q3 Results: Consolidated net loss at Rs 127 cr
Strides Pharma Science on Thursday reported a consolidated net loss of Rs 126.65 crore for the third quarter ended in December 2021. The company had posted a consolidated net profit of Rs 35.15 crore in the October-December period of the previous fiscal. Revenue from operations declined to Rs 794.39 crore in the third quarter as [...]
Markets dart up for third day as dovish RBI cheers bulls; metal, bank stocks shine
Mumbai, Feb 10 (PTI) Equity benchmarks defied gravity for the third session on the trot on Thursday after the RBI left interest rates unchanged but retained its accommodative policy stance to support the post-pandemic economic recovery. A positive trend in global stocks also supported the domestic markets, traders said. Overcoming a wobbly start, the 30-share [...]
A Step Towards an Inward Journey with – I Wanna Grow Up Once Again
New Delhi, Delhi, India (NewsVoir) As kids, we had so many ambitions. Practical or impractical did not matter to us. We enjoyed playing those roles thoroughly. We could play out who we desired to be but, as we grew up, did we not feel that if only were it possible, if we could rewind our [...]
The Fearless: The all-new BMW M4 Competition Coupe launched in India
Gurugram, Haryana, India – Business Wire India • Best-in-class: Six-cylinder in-line engine delivers standout performance, 0-100 in 3.5 seconds.• Bold and visually striking appearance with large BMW kidney grille, M gills and M exclusive packages.• Ergonomically flawless M specific interiors with carbon trims exude intense M feeling.• M xDrive all-wheel-drive system optimises traction and dynamics. [...]
Contribution of industrialists, corporate houses in job creation must be recognised: BJP MP
New Delhi, Feb 10 (PTI) BJP MP KJ Alphons on Thursday said that the contribution of industrialists and corporate houses that are creating jobs and making large investments in the country must be recognised. Tearing into opposition's allegations that rich are growing richer and that government policies were benefitting corporate houses, Alphons hit back saying [...]
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 [...]
Piramal Enterprises Q3 Results: Consolidated net profit up 11% at Rs 888 cr
Piramal Enterprises on Thursday reported 11 per cent increase in consolidated net profit after tax at Rs 888 crore for the third quarter ended December 31, 2021. The company had posted a net profit of Rs 799 crore for the same period last fiscal year, Piramal Enterprises said in a statement. Consolidated net sales were [...]
Phoenix Marketcity Pune Introduces ‘Fun Life Packages’ for its Customers
Pune, Maharashtra, India (NewsVoir) Truly a shopper's paradise, Phoenix Marketcity Pune is the leading destination for shopping, dining, and amusement. It promises to offer the best premium experience to all its patrons with the exclusive brand mix, fine culinary, and entertainment services - gaming & cinema. What more could one ask for! There is a [...]
COMMODITY PRICES
MUMBAI, FEB 10 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 745.00 COPPER HEAVY SCRAPS 735.00 COPPER ARMATURE (CREDIT) 715.00 COPPER UTENSILS SCRAP 647.00 CC ROD 815.00 BRASS :- BRASS SHEET CUTTING 542.00 BRASS UTENSIL SCRAP 495.00 BRASS HONEY 480.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 194.00 ALUMINIUM EXTRUSION SCRAP 223.00 ALUMINIUM INGOTS [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, FEB 10 (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) 1310.00 Refined Palm Oil 1235.00 Soyabean Ref. 1290.00 Imp.Soyabean Crude - Rapeseed Ref. 1610.00 Rapeseed Exp. 1580.00 Copra white 1500.00 Rice Bran 4-7% FFA - Rice Bran 1190.00 Linseed 1850.00 Castor [...]
Cleartrip to raise employee headcount by 40 pc in coming quarter; 700 strength by Dec
New Delhi, Feb 10 (PTI) Online travel services provider Cleartrip on Thursday said it will increase its employee headcount by 40 per cent in the coming quarter taking the total to 700 by December 2022. The company has increased its workforce strength by 60 per cent in the ongoing quarter. It had 240 employees in [...]
Ola eyes NBFC acquisition to expand financial services business
New Delhi, Feb 10 (PTI) IPO-bound Ola is looking to expand its financial services business and also obtain an NBFC licence through the acquisition route, sources said. Ola is said to be in talks to acquire at least 3 companies to augment its engineering, product as well as loan management capabilities to support the rapid [...]
STL partners with UK’s Netomnia to fiberise multiple cities for ultra-fast broadband
MUMBAI, India, Feb. 10, 2022 /PRNewswire/ -- STL(NSE: STLTECH), an industry-leading integrator of digital networks, today announced that it has expanded its partnership with Netomnia, one of the fastest growing network operators in the United Kingdom. According to the multi-city agreement, STL will provide integrated network deployment services to help Netomnia grow its Ultrafast Full-Fibre [...]
RBI to soon come out with digital lending guidelines: DG Rajeshwar Rao
Mumbai, Feb 10 (PTI) The Reserve Bank of India will soon come out with the guidelines on digital lending, Deputy Governor M Rajeshwar Rao said on Thursday.In November last year, the working group on digital lending, including lending through online platforms and mobile apps, had submitted their recommendations.The central bank had sought comments on the [...]
Indian Staffing Federation, FutureSkills PRIME partner to bridge IT sector’s skill-job gap
Mumbai, Feb 10 (PTI) The Indian Staffing Federation (ISF), the apex body representing the staffing or private employment services industry in India, on Thursday said it has signed a pact with FutureSkills Prime to address the Indian IT/ ITeS sector's demand for skilled professionals. Under this partnership with FutureSkills Prime, a MeitY-NASSCOM digital skilling initiative, [...]
No hike in reverse repo as RBI sticking with accommodative stance: Das
Mumbai, Feb 10 (PTI) The Monetary Policy Committee continuing with the accommodative policy stance was one of the prime reasons cited by Governor Shaktikanta Das for not hiking the reverse repo rate at Thursday's policy review. Das also said that the weighted average rate for reverse repo moved up to 3.87 per cent on February [...]
ABB India Dec qtr profit jumps three folds to Rs 194 cr
New Delhi, Feb 10 (PTI) ABB India on Thursday posted three-fold jump in net profit to Rs 194 crore for December quarter 2021, mainly on the back of higher revenues. The company follows January to December financial year. It had reported a net profit of Rs 62 crore for the quarter ended December 31, 2020. [...]
Moneycontrol Pro Gains 500,000 Paying Subscribers in 36 Months
India’s only financial platform to have half a million paying subscribers Delhi, India – Business Wire India Moneycontrol Pro, the subscription-based financial platform from Network18 & Media Investments Ltd, has extended its reach with over 500,000 active and paying subscribers. The digital platform achieved this feat within just 36 months of its launch. This massive [...]
HDFC ERGO Partners with Visa, Unique Policy Provides Security to Visa’s Partner Banks and Platinum Cardholders from Fraud
Mumbai, Maharashtra, India (NewsVoir) HDFC ERGO General Insurance, India's leading private sector general insurance company in the private sector, announced its first-of-its-kind partnership with Visa, the global leader in digital payments to offer curated insurance covers for Visa’s Platinum cardholders for select Public Sector banks. The usage of cards as a form of payment has [...]
J&K govt signs pact with New Zealand for transforming sheep farming sector
Jammu, Feb 10 (PTI) The Jammu and Kashmir government on Thursday signed a pact with New Zealand for the transformation of the sheep farming sector in the Union territory, officials said. The agreement between the two sides was signed through the virtual mode in the presence of Lieutenant Governor Manoj Sinha and Navin Choudhary, principal secretary [...]
ACC bags Kannur Limestone Block in Karnataka
New Delhi, Feb 10 (PTI) Cement maker ACC Ltd on Thursday said it has been declared as successful bidder for Kannur Limestone Block in Karnataka. Through this mining block, the company has secured estimated limestone resources above 250 million tonnes, ACC said in a statement without disclosing its bid amount. This limestone block is in [...]
‘RE capacity addition rises 80 pc to 3.4 GW during Dec quarter’
New Delhi, Feb 10 (PTI) Renewable energy capacity addition increased 80 per cent to 3.4 gigawatts (GW) during the December 2021 quarter compared to a year ago, according to CEEW-CEF. New capacity addition of non-hydro renewable energy increased to 3.4 GW during the third quarter of FY22, compared to just 1.9 GW installed in the [...]
BSE gets Sebi’s in-principle approval to introduce EGR
New Delhi, Feb 10 (PTI) Capital markets regulator Sebi has given in-principle approval to BSE for introducing Electronic Gold Receipt (EGR) on the stock exchange's platform. For final approval for the introduction of EGR segment, the exchange has been advised to submit additional information, according to a regulatory filing on Thursday. Sebi, in January, came [...]
Page Industries Q3 Results: Net profit up 13.6%, Revenue up 28.3%
Apparel manufacturer Page Industries Ltd on Thursday reported a 13.58 per cent increase in its net profit to Rs 174.57 crore for the third quarter ended in December 2021. The company had posted a net profit of Rs 153.70 crore during the October-December period a year ago, Page Industries Ltd (PIL) said in a BSE [...]
BeingU Studios leap into business expansion plans with OTT, Films and Television to disrupt the content ecosystem existing in India by setting up the first Indo-American writer’s room
MUMBAI, India, Feb. 10, 2022 /PRNewswire/ -- With an aim to position Indian content and talent on the global map, BeingU Studios have now expanded its business venture in the content vertical. Founded in 2017 by Gurjot Singh and Akshit Lahoria, BeingU Studios specialize in acquiring world-class IPs and developing local stories that appeal to [...]
Xuppi.com: Changing the Face of e-commerce In India
- Xuppi, a sales enabling platform wherein the seller/brands engage with the buyers through Live Streaming, Audio Visual Content, and Interactive Conversation leading to on-the-spot sales - A unique live shopping experience, created by social media influencers NEW DELHI, Feb. 10, 2022 /PRNewswire/ -- Xuppi, a social commerce platform that makes e-commerce entertaining via live [...]
GODREJ INDUSTRIES LIMITED’S VALIA PLANT BECOMES FIRST INDIAN CHEMICAL MANUFACTURTING FACILITY TO ACHIEVE GREENCO PLATINUM RATING
Godrej Industries now aims to achieve carbon neutrality, water neutrality and zero waste to landfill for this facility by 2026. MUMBAI, India, Feb. 10, 2022 /PRNewswire/ -- Godrej Industries Ltd. (Chemicals) has set a new benchmark by becoming the first chemical manufacturing company in the country to achieve a 'GreenCo Platinum' rating. The award was [...]
101India Partners with EAST NFT to Convert its Assets into NFT
New Delhi, Delhi, India (NewsVoir) 101India, a digital content brand, has joined hands with EAST NFT to foray into the Non-Fungible Tokens (NFT) ecosystem. 101India, which is a part of Offbeet Media Group, has been a pioneering digital content brand bringing unique stories from India which cut across all genres. Its content which ranges from [...]
Shop for HomeTown Furniture at the Bajaj Finserv EMI Store, and Avail a Discount of up to Rs. 3,000
Enjoy a plethora of benefits like cashbacks, No Cost EMI offers, and free home delivery with your purchase of HomeTown furniture from the Bajaj Finserv EMI Store Pune, Maharashtra, India (NewsVoir) Bring home the comfort and style of HomeTown Furniture from the Bajaj Finserv EMI Store where customers can avail of a discount of up [...]
AG Industries Redefining Face of the Skincare Industry in India
Noida, Uttar Pradesh, India (NewsVoir) There has been a rising interest in India in ethically sourced, natural, and organic skincare, which is safe and effective. Consumers have become increasingly aware of the importance of tested and organic products that are scientifically sound and thoroughly researched. This has made it more difficult for companies to deliver [...]
Sebi revamps advisory committee on Investor Protection and Education Fund
New Delhi, Feb 10 (PTI) Capital markets regulator Sebi has restructured its advisory committee on Investor Protection and Education Fund (IPEF).The panel is mandated to recommend investor education and protection activities that may be undertaken directly by the markets regulator, or through any other agency, for utilisation of the Sebi Investor Protection and Education Fund.The [...]
Exporters in Tirupur hail RBI holding policy rates at same level
Coimbatore, Feb 10 (PTI) Tirupur Exporters' Association (TEA) on Thursday thanked RBI's Monetary Policy Committee (MPC) for maintaining the policy rate at the same level. Thanking the MPC, TEA President Raja M Shanmugham, however, appealed to RBI Governer Shaktikanta Das to extend the Interest Equalisation Scheme with retrospective effect from October 1, 2021 onwards for [...]
Retail shareholding in NSE-listed companies hits all-time high of 7.32% in Dec
Mumbai, Feb 10 (PTI) The share of retail investors in NSE- listed companies has reached an all-time high of 7.32 per cent in December 2021, and in rupee terms it has touched a record high of Rs 18.98 lakh crore, says a report. However, there was an overall fall in institutional shareholding, largely due to [...]
Petronet to invest Rs 40,000 cr, including in overseas LNG plants
New Delhi, Feb 10 (PTI) Petronet LNG Ltd, the operator of the world's largest liquefied natural gas (LNG) import terminal, will invest Rs 40,000 crore over next 4-5 years, including in overseas supply sources, its CEO A K Singh said on Thursday. Petronet plans to make foray into the petrochemical business by investing Rs 12,500 [...]
46.89 lakh people benefitted under Aatmanirbhar Bharat Rojgar Yojana
New Delhi, Feb 10 (PTI) As many as 46.89 lakh people have been benefitted under the Aatmanirbhar Bharat Rojgar Yojana (ABRY), which was aimed at incentivising job creation amid the pandemic, Parliament was informed on Thursday."Benefits have been provided to 46.89 lakh beneficiaries through 1.26 lakh establishments till January 29, 2022," Minister of State for [...]
Crude oil futures rise on higher demand
New Delhi, Feb 10 (PTI) Crude oil prices rose Rs 71 to Rs 6,746 per barrel on Thursday, 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 71, or 1.06 per cent, to Rs 6,746 per barrel in 10,391 [...]
PRICES MUM GENERAL OPEN
MUMBAI, DEB 10 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 62528.00 STANDARD GOLD (99.5) : 48737.00 PURE GOLD (99.9) : 48933.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62750.00 RS. PER KG.SILVER RDY.(PORTION) : 62850.00 RS. PER KG.GOLD (24 CARAT) RDY. : 49250.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46750.00 RS. PER [...]
Spinny acquires AI-powered car connectivity solutions startup Scouto
Mumbai, Feb 10 (PTI) Pre-owned car retailing platform Spinny on Thursday said it has acquired 100 per cent stake in Ahmedabad-based startup Scouto, a move that marks consolidation in the AI-powered used car solutions space. The company, however, did not disclose the amount it paid for the buyout. The connected car platform was backed by [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, FEB 10 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE ) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 74.12 75.62 74.06 75.78 EUR/INR 84.16 87.01 84.10 87.18 GBP/INR 99.77 102.93 99.68 103.14 JPY/INR 63.74 65.91 63.69 [...]
MUMBAI, FEB 10 (PTI) Money Market Operations as on FEB 9, 2021
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,40,218.10 3.45 0.01-3.60 I. Call Money 7,207.09 3.28 2.20-3.60 II. Triparty Repo 4,32,711.15 3.46 3.15-3.55 III. Market Repo 1,00,299.86 3.41 0.01-3.60 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 69.30 [...]
Cryptos a threat to financial stability; value not even a tulip: Das
Mumbai, Feb 10 (PTI) RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to deal with challenges on the two fronts.Cautioning investors, the governor said such assets have no underlying whatsoever, “not even a tulip”.The comments are a reiteration of [...]
Guar seed futures rise on fresh bets
New Delhi, Feb 10 (PTI) Guar seed prices on Thursday rose by Rs 63 to Rs 6,197 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.On the National Commodity and Derivatives Exchange, guar seed for February contracts increased by Rs 63, or 1.03 per cent, [...]
Fintech Startup Krazzy Fin Pvt. Ltd. Launches a Unique Stock Market Gaming App – Bullspree
Launches ‘Bullspree karega aapka har sapna sach’ campaign to help people begin their journey in stock market in an engaging and fun way without taking any risks Ahmedabad, Gujarat, India (NewsVoir) Gujarat has made a significant contribution to the industrial revolution and entrepreneurship growth. Almost every nationalised brand is owned by a Gujarati. Continuing this [...]
Guar gum futures gain on spot demand
New Delhi, Feb 10 (PTI) Guar gum prices on Thursday gained Rs 144 to Rs 11,570 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 by 1.26 per cent, or Rs 144, to Rs 11,570 per [...]
Term 2 Boards Exclusive Update: 5 Key Preparation Insights From Official Sample Paper Practices For Maximum Score
CBSE is all set to conduct Term 2 examinations in March or April. Students appearing for the class 10th examination need to prepare well for term 2 examinations to get good grades. But unfortunately, students are confused about where they can start and practice to get a 100% result. Well, it is important to practice [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Feb 10 (PTI) Cottonseed oil cake prices on Thursday increased by Rs 18 to Rs 3,119 per quintal in futures trade as speculators created fresh positions driven by firm spot demand.On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in February traded up by Rs 18, or 0.58 per cent, [...]
Skoda Auto Volkswagen commences T-Cross exports from India
New Delhi, Feb 10 (PTI) Skoda Auto Volkswagen India on Thursday said it has commenced export of Volkswagen T-Cross from the country. The Volkswagen T-Cross is the first of the range of vehicles built on the MQB-A0-IN platform which will be exported from India, the company said in a statement. The first batch of 1,232 [...]
NEWSALERT
Das cautions investors, says cryptocurrencies have no underlying, not even a tulip. PTI AA BAL BAL
Airtel unveils ‘Xstream Premium’; eyes 20 mn paid users for stack of entertainment content
New Delhi, Feb 10 (PTI) Telecom operator Bharti Airtel on Thursday announced a new video streaming service, Airtel Xstream Premium, that brings together content from 15 popular video apps, with single subscription at an introductory price of Rs 149 a month. Airtel is eyeing 20 million new users for this paid offering, according to Adarsh [...]
RBI sees retail inflation moderating to 4.5 pc in FY23 on better crop, supply-side interventions
Mumbai, Feb 10 (PTI) The Reserve Bank of India on Thursday said inflation based on consumer price index (CPI) is expected to come well below its upper tolerance level, at 4.5 per cent, in the next fiscal year beginning April 2022, helped by fresh crop arrivals, supply-side interventions, as well as prospects of a good [...]
RBI raises cap on e-RUPI vouchers to Rs 1 lakh, allows multiple-usage
Mumbai, Feb 10 (PTI) The Reserve Bank on Thursday increased the cap on the e-RUPI prepaid digital vouchers to Rs 1 lakh from Rs 10,000 and permitted its usage multiple times to facilitate digital delivery of various government schemes to the beneficiaries.The e-RUPI prepaid digital voucher, developed by the National Payments Corporation of India (NPCI), [...]
Pure Storage to Contribute to ‘Make in India’ by Expanding Research & Development Capabilities in the Country
Ajeya Motaganahalli appointed as Managing Director, India R&D BANGALORE, India, Feb. 10, 2022 /PRNewswire/ -- Pure Storage (NYSE: PSTG), the IT pioneer that delivers storage as-a-service in a multi-cloud world, announced today plans to expand its Research & Development (R&D) capabilities in India. The company also announced the appointment of Ajeya Motaganahalli as Managing Director [...]
RBI to enhance VRR cap for foreign investors by Rs 1 lakh crore from April 1
Mumbai, Feb 10 (PTI) The voluntary retention route (VRR) cap for foreign portfolio investors (FPIs) will be enhanced by Rs 1 lakh crore to Rs 2.50 lakh crore, given the increased interest shown by them, Reserve Bank of India Governor Shaktikanta Das announced on Thursday.The enhancement of VRR, which seeks to provide a separate channel, [...]
Shadowfax Technologies Recognized as a Great Place to Work in 2022
Bangalore, Karnataka, India – Business Wire India Shadowfax Technologies, India's leading crowdsourced platform for last-mile deliveries, has been recognized as the "Great Place to Work.” The coveted accreditation arrives just in time, adding another feather to the firm's already impressive crown, identifying the firm's ongoing efforts toward developing a sustainable growth culture. Great Place to [...]
RBI holds interest rate steady at record low
Mumbai, Feb 10 (PTI) The Reserve Bank of India (RBI) held its key lending rates steady at record low levels for the 10th straight meeting to support a durable recovery of the economy from the COVID-19 pandemic. RBI Governor Shaktikanta Das said the monetary policy committee decided to hold the lending rate, or the repo [...]
SimplyCash emphasizes on the importance of insurance cover for personal loan customers
NEW DELHI, Feb. 10, 2022 /PRNewswire/ -- Leading instant personal loan app SimplyCash says it is vital for loan takers to understand the importance of a loan insurance cover and opt for it. According to SimplyCash, more than 20% of its customers choose Life insurance as an attachment (also known as Credit Life insurance) to [...]
FIRMENICH DELIVERS STRONG RESULTS IN FIRST HALF OF FISCAL YEAR 2022, DESPITE CHALLENGING RAW MATERIAL AND SUPPLY CHAIN ENVIRONMENT
GENEVA, Feb. 10, 2022 /PRNewswire/ -- Firmenich International SA, the world's largest privately-owned Fragrance and Taste company, announces its Half Year Results for the six months ended 31 December 2021. Financial Highlights • Revenue reached CHF 2,241 million, up +12.3% year-over-year at constant currency[1]. On a reported basis, Revenue increased +12.2% year-over-year • EBITDA[2] of [...]
Marking the 3rd year of the Pulwama Attack HarperCollins Publishers India announces the release of As Far as the Saffron Fields: The Pulwama Conspiracy By Danesh Rana
NEW DELHI, Feb. 10, 2022 /PRNewswire/ -- The story of a region in conflict, told through the story of a single terror attack. Based upon personal interviews with the protagonists, police chargesheets and other evidence. As Far as the Saffron Fields is by far the most definitive book on the Pulwama attack, going where no [...]
Prime Video teams up with NBCUniversal’s hayu to bring popular reality TV shows to India
Mumbai, Feb 10 (PTI) Streaming service Prime Video has collaborated with hayu, NBCUniversal's ad-free OTT platform, to bring popular reality TV shows such as "The Real Housewives", "Below Deck" and "Top Chef" to the Indian audiences.hayu will be available on Amazon's streaming service as an add-on subscription, the company said in a statement on Thursday.hayu [...]
Persistent to acquire Data Glove assets for USD 90.5 million
New Delhi, Feb 10 (PTI) IT company Persistent Systems will acquire assets of Data Glove for USD 90.5 million (about Rs 677 crore) in an all-cash deal, the company said in a regulatory filing on Thursday.Through this deal, Persistent will acquire assets of Data Glove Inc, USA, with assets of its Indian subsidiary and affiliate [...]
NEWSALERT
MPC decides to keep reverse repo rate unchanged at 3.35%: RBI Governor. PTI DP ANZ DP BAL BAL DRR DRR
Project Prarambh: Initiative by IIDE to Digitally Transform the Non-Profit Sector
MUMBAI, India, Feb. 10, 2022 /PRNewswire/ -- In an attempt to grow their online presence during Covid, several Patient Advocacy Groups (PAGs) and Non-Profit Organisations such as the Indian Cancer Society, Organisation for Rare Disease (ORD), and Cure SMA partnered with IIDE to learn digital skills. For the last 2 years, many sections of the [...]
ICSE ISC Semester 1:Three Post Result Major Updates 7 Major Guidelines For Semester 2 Exam-Readiness
The Council for the Indian School Certificate of Examinations (CISCE) declared the ISC and ICSE result on 7th Feb 2022. Students who did appear for the class 10 and class 12 semester 1 board exams can check out their results on the official website of the portal — cisce.org. Students can also check the mark [...]
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