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Defence stock jumps after it collaborates with U.S. Defence companies
Shares of the company involved in manufacturing and selling forged and machined components surged nearly 2 percent after the announcement of its collaboration plans with U.S. defence companies for the development of next-generation artillery gun platforms. Share Price Movement In Thursday’s trading session, the share price of Bharat Forge Limited gained 1.7 percent reaching an [...]
Stock hits 20% upper circuit after receiving orders worth ₹ 1,937 Cr
Financially strong Infra stock engaged in providing design, engineering, procurement, and construction (EPC) services hit a 20 percent upon receiving new work orders worth Rs. 1,937 Crores Price Action With a market capitalization of Rs. 11,070 Crores, the shares of ITD Cementation India Limited hit a 20 percent upper circuit at Rs. 644.40 per equity [...]
Infra stock jumps 5% after receiving 3 orders worth ₹ 1,737 Cr from MMRDA
The shares of the leading highway developer gained up to 4.3 percent after the company received 3 significant orders from Mumbai Metropolitan Region Development Authority (MMRDA) worth Rs 1,737.86 crore. With a market capitalization of Rs 6,897.37 crore, the shares of Ashoka Buildcon Ltd were trading at Rs 245.70 per share, increasing around 4 percent [...]
Stock with order book worth ₹ 4,884 Cr with customer base of Reliance Industries and more
Established in 1993, this engineering and infrastructure company specializes in the engineering, maintenance, and operations of mechanical equipment across various sectors, including Oil & Gas, Power Plants, Petrochemicals, and Fertilizers. Price Movement: With a market capitalization of Rs. 959 crores, the shares of RBM Infracon Ltd started Thursday’s trading session on a higher note at [...]
Hidden Gem: Ashish Kacholia stock that manufactures electronics systems to defence sector
The electronics manufacturing sector in India has emerged as a significant player in the global market, driven by a combination of domestic demand, government initiatives, and foreign investments. Over the past decade, this industry has experienced rapid growth, positioning India as one of the leading electronics manufacturers worldwide. Listed below is one such Electronics Manufacturing [...]
HUL Stock: Revenue split of Hindustan Unilever from each of its products
The Fast-Moving Consumer Goods (FMCG) companies manufacture and distribute essential consumer products that are sold quickly at relatively low costs. These products include food and beverages, personal care items, cleaning products, and other household goods, which are typically consumed or replaced frequently, making them essential to everyday life. The FMCG sector, India's fourth-largest, has been [...]
Stocks with low PE that have delivered multibagger returns to add to your watchlist
Multibagger stocks are investments that generate returns exceeding 100 percent of the original investment, often increasing in value multiple times within a relatively short timeframe. The price-to-earnings (P/E) ratio measures a stock's share price relative to its earnings. A high P/E may suggest overvaluation and a low P/E indicates better value, as investors pay less [...]
3 Stocks to benefit from Govt’s plan to invest ₹ 9.15 Lakh Cr to meet power demands
The National Electricity Plan (NEP) covering the period from 2023 to 2032 has been finalized. Union Power Minister Manohar Lal shared this news at a press conference held in New Delhi on 23rd September 2024. The NEP 2032 outlines a strategy for developing central and state transmission systems to meet the projected peak power demand [...]
₹ 2.33 to ₹ 437: Stock turns ₹ 10,000 to ₹ 18.75 Lakhs in 6 years
The Indian market ended flat in Tuesday's trade trading session as investors struggled to find direction amidst mixed global cues and uncertain economic indicators. The Nifty 50 ended flat and struggled to maintain the 25,800 level on Tuesday, as major indices were dragged by the heavyweights Reliance Industries and IndusInd Bank. The Nifty 50 closed [...]
Cement stock jumps 8% after receiving orders for limestone blocks in Rajasthan
Major cement player in North Eastern India rose 8.6% after being selected as the preferred bidder for Limestone Block in e-auctions conducted by the Government of Rajasthan. Share price variations: With a market capitalization of Rs. 8,623.19 crores, Star Cement Ltd opened the trading session at Rs. 203.5, above 1.54% from yesterday's close of Rs. [...]
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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
NEWSALERT
Living in the world of uncertainty; RBI remains steadfast in commitment to keep financial system robust: Governor Das. PTI DP ANZ DP BAL BAL
K. Gopala Desikan Appointed as Director and Group CFO in the Rank of Whole-Time Director of Sundaram-Clayton Limited
Chennai, Tamil Nadu, India (NewsVoir) Sundaram-Clayton Limited (SCL), holding company of TVS Motor Company, a leading auto components manufacturing and distribution group, announced the appointment of Mr. K. Gopala Desikan as Director & Group Chief Financial Officer in the rank of whole-time Director of SCL at its Board Meeting held today. Commenting on the appointment, [...]
RBI maintains status quo; leaves benchmark lending rate unchanged at 4%
Mumbai, Feb 10 (PTI) Reserve Bank of India (RBI) on Thursday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance in the backdrop of an elevated level of inflation. This is the tenth time in a row that the Monetary Policy Committee (MPC) headed by RBI [...]
RtistiQ Set to Launch Digital NFTs of Raja Ravi Varma’s the Coquette and Reclining Nair Lady
New Delhi, Delhi, India – Business Wire India • Raja Ravi Varma’s original works are considered National Treasures and cannot be exported out of India • This collection will be single editions of works of the Indian Art Legend to be tokenized and minted and this also marks the first NFT sales in collaboration with [...]
A Year of Strong Performance by ACC; Fresh Capacity Expansions Commissioned
Mumbai, Maharashtra, India – Business Wire India Full Year 2021 ● 40% increase in EBIT with margin expansion of 250 basis points ● Profit after Tax improved by 30% compared to the previous year ● Strong scaleup of Green Concrete ‘ECOPact’ in the first year of launch October – December Quarter 2021 ● EBIT at [...]
NEWSALERT
E RUPI digital voucher cap raised from Rs 10,000 to Rs 1 lakh and multiple-use permitted, says RBI Governor. PTI DP ANZ DP BAL BAL
NEWSALERT
RBI would continue to insulate domestic economy from global spillovers: RBI Governor Das. PTI DP ANZ DP BAL BAL
NEWSALERT
Logical to restore revised liquidity management framework to make it more flexible, agile: RBI Governor. PTI DP ANZ DP BAL BAL
NEWSALERT
Overall system liquidity remains in large surplus, says RBI Governor. PTI DP ANZ DP BAL BAL
NEWSALERT
RBI Governor exhorts banks to augment capital, improve risk management. PTI DP ANZ DP BAL BAL
NEWSALERT
RBI projects CPI inflation at 5.3% for FY22 and 4.5% in 2022-23: Governor Das. PTI DP ANZ DP BAL BAL
NEWSALERT
RBI Governor says real GDP growth of 9.2 per cent in FY22 will take economy above pre-pandemic level. PTI DP ANZ RAM
NEWSALERT
Hardening global crude oil prices present upside risk to inflation, says Das. PTI DP ANZ DP BAL BAL
NEWSALERT
Some loss of economic momentum due to third pandemic wave; demand for contact intensive sector muted: RBI Governor. PTI DP RAM
NEWSALERT
Real GDP growth for next financial year projected at 7.8%, says RBI Governor Das. PTI DP ANZ DP BAL BAL
NEWSALERT
Inflation to peak in the current quarter with tolerance band, moderating in the second half of next fiscal: RBI Governor. PTIDP ANZ DP BAL BAL
NEWSALERT
To continue with accommodative stance to revive and sustain growth on durable basis: RBI Governor Shaktikanta Das. PTI DP ANZ RAM
NEWSALERT
MPC decides to raise keep reverse repo rate unchanged at 3.35%: RBI Governor. PTI DP ANZ DP BAL BAL
NEWSALERT
RBI keeps benchmark lending rate unchanged 10th time in a row at 4%. PTI DP ANZ DP BAL BAL
BrowserStack Announces the Launch of BrowserStack Champions, a Program to Recognize the Thought Leaders of Software Testing and Development
Mumbai, Maharashtra, India – Business Wire India BrowserStack, the world's leading software testing platform, today announced the launch of BrowserStack Champions, a community program to recognize, celebrate and bring together the thought leaders of software testing and development. Designed for passionate individuals who constantly push the envelope of software development, the program aims to foster [...]
QDB’s Qatar FinTech Hub Hosts Wave 3 Demo Day for its Incubator and Accelerator Programs
Key Opportunities for Investors, Businesses, Financial Institutions in the Middle East DOHA, Qatar, Feb. 9, 2022 /PRNewswire/ -- Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the Wave 3 Demo Day for its flagship Incubator and Accelerator Programs, which will take [...]
La Tim Metal & Industries continues to deliver Robust performance for Q3 of 2021-22
Consolidated Earnings: EBIDTA up 39%, PBT up 36% and cumulative PAT at Rs. 1703.17 Lakhs MUMBAI, India, Feb. 9, 2022 /PRNewswire/ -- La Tim Metal & Industries (BSE: LATIMMETAL) (Script Code # 505693), a listed company in the flat steel trade since 1987 and dealing in Colour Coated Steel, continues to deliver Robust performance for [...]
Well Begun AND Half Done! – SIRONA Randomized Trial Achieves fifty percent enrollment
JENA, Germany, Feb. 9, 2022 /PRNewswire/ --Concept Medical Inc., focused on vascular intervention drug delivery devices, releases the second status update of SIRONA RCT (Head-to-Head Comparison of SIROlimus versus Paclitaxel Drug-Eluting BallooNAngioplasty in the Femoropopliteal Artery), as the trial completes half the targeted enrolment. SIRONA is the world's first and the largest head-to-head RCT investigating [...]
X-Chem and Excelra’s GOSTAR Join Forces to Advance Drug Discovery for Challenging Targets
LONDON and HYDERABAD, India, Feb. 9, 2022 /PRNewswire/ -- A new collaboration between data science and analytics leader, Excelra, and artificial intelligence pioneer X-Chem will accelerate preclinical drug discovery and aid scientists to find new drug candidates for currently hard-to-drug targets. Machine learning and artificial intelligence are reshaping discovery and optimization of drug candidates. This [...]
Govt bans import of drones; provides certain exceptions
The government on Wednesday banned import of foreign drones with certain exceptions as part of efforts to promote domestic manufacturing of drones in the country. Import of drones for R&D, defence and security purposes have been exempted from the ban but such imports will require due clearances. "Import of drone components, however, shall not require [...]
CCPA passes order for discontinuation of Sensodyne ads in India
New Delhi, Feb 9 (PTI) Consumer protection regulator CCPA has passed an order against GlaxoSmithKline (GSK) Consumer Healthcare Ltd directing it to discontinue advertisements of Sensodyne products in India for flouting norms. The Central Consumer Protection Authority (CCPA) has also passed an order against Naaptol Online Shopping Ltd for misleading [...]
Amazon’s cumulative product shipments from India touch USD 3 billion
New Delhi, Feb 9 (PTI) E-commerce firm Amazon has facilitated shipment of products worth USD 3 billion from India in about six years' time, a senior company official said on Wednesday. The company has set target to enable exports worth USD 10 billion from India by 2025. "We look at a billion dollars as yardstick [...]
Future Retail’s lenders classify co as NPA; ask firm to submit ‘viable’ resolution plan
Mumbai, Feb 9 (PTI) Lenders to Future Retail have classified the account as a non-performing asset (NPA), but do not want to take any pre-emptive action and have asked the company to submit a "viable" resolution plan. "There is no deference (in classification of Future Retail as NPA) or so. All of us (banks) have [...]
Auto, taxi unions in Maha raise concern over ‘illegal’ motorcycle-hailing services
Mumbai, Feb 9 (PTI) Taxi and auto-rickshaw unions in Mumbai and other parts of Maharashtra on Wednesday opposed motorbike taxi services operated by app-based aggregators, saying they are "illegal" and adversely affecting their business.A delegation of auto-rickshaw drivers and owners, under the leadership of union leader Shashank Rao, submitted a representation to the Maharashtra transport [...]
James Murdoch, Uday Shankar form investment venture Bodhi Tree; get USD 1.5 bn backing from QIA
New Delhi, Feb 9 (PTI) Lupa Systems founder James Murdoch and Uday Shankar, the ex-chairman and CEO of Star India and the former president of Walt Disney Asia Pacific, on Wednesday announced formation of an investment venture Bodhi Tree, which will raise up to USD 1.5 billion from the Qatar Investment Authority (QIA). This new [...]
Dabur Nepal to inject USD 80 million to expand production plant
Kathmandu, Feb 9 (PTI) Dabur Nepal, the local entity of Indian FMCG major, will inject Rs 9.68 billion (USD 80 million) into its production plant in the Himalayan country, the company announced on Wednesday. Nepal's investment board chaired by Prime Minister Sher Bahadur Deuba has approved the investment amount. According to a statement issued by [...]
CCPA passes order for discontinuation of Sensodyne ads in India
New Delhi, Feb 9 (PTI) Consumer protection regulator CCPA has passed an order against GlaxoSmithKline (GSK) Consumer Healthcare Ltd directing it to discontinue advertisements of Sensodyne products in India for flouting norms. The Central Consumer Protection Authority (CCPA) has also passed an order against Naaptol Online Shopping Ltd for misleading [...]
NEWSALERT
Govt bans import of drones; provides certain exceptions. PTI RR RAM RAM
Revised parking fees at Bengal land ports exorbitant, claims exporters
Kolkata, Jan 9 (PTI) Exporters on Wednesday claimed that the revised parking fees of vehicles carrying cargo at land ports set by the West Bengal government are extremely high and have a negative impact on export business.The state government has also decided to take direct control of the parking lots at land ports, which has [...]
NEWSALERT
CCPA passes order against Naaptol Online Shopping for misleading ads, unfair trade practices. PTI LUX ABM ABM
Ravi Mittal takes charge as IBBI chairperson
New Delhi, Feb 9 (PTI) Ravi Mittal on Wednesday took charge as chairperson of the Insolvency and Bankruptcy Board of India (IBBI). IBBI is a key institution in implementing the Insolvency and Bankruptcy Code (IBC). "Prior to joining the IBBI as chairperson, he superannuated from the position of Secretary, Department of Sports, Ministry of Youth [...]
FY22 fiscal deficit estimate a responsible target, says Sitharaman
New Delhi, Feb 9 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said the projected fiscal deficit of 6.9 per cent for the current financial year is a "responsible" target as the government has tried to ensure a balance between keeping up expenditure and being fiscally prudent. Making an intervention during the discussion on the Union [...]
Kolkata Port unveils future plans in ‘Gati Shakti’ review meeting
Kolkata, Feb 9 (PTI) Syama Prasad Mookerjee Port, formerly known as Kolkata Port Trust, on Wednesday placed its future plans, emphasising on connectivity, estate management and capacity augmentation, in a meeting to review initiatives taken by various ports to boost growth under the PM GatiShakti programme, an official said. PM GatiShakti is a transformative approach [...]
Prestige Estates Q3 profit up 59 pc to Rs 93 crore
New Delhi, Feb 9 (PTI) Realty firm Prestige Estates Projects Ltd on Wednesday reported a 59 per cent increase in its consolidated net profit to Rs 93.3 crore for the quarter ended December. Its net profit stood at Rs 58.7 crore in the year-ago period. Total income of Bengaluru-based Prestige Estates, however, declined to Rs [...]
Tata Steel arm accepts letter of award to acquire NINL; buyout process may complete in 2 months
New Delhi, Feb 9 (PTI) Tata Steel on Wednesday said that its arm has accepted a letter of award (LoA) for the acquisition of a 93.71 per cent stake in Neelachal Ispat Nigam Ltd (NINL) and added that the process for the buyout is likely to be completed in the next couple of months. On [...]
Essar Shipping posts Rs 5.6-cr net loss for Dec quarter
New Delhi, Feb 9 (PTI) Essar Shipping on Wednesday reported a consolidated net loss of Rs 5.59 crore for the quarter ended December 2021. The company had reported a loss of Rs 181.88 crore in the corresponding quarter a year ago, it said in a regulatory filing. Its total income from operations during October-December 2021 [...]
Lupin partners Medis for distribution of NaMuscla in Central, Eastern Europe
New Delhi, Feb 9 (PTI) Drug firm Lupin on Wednesday said it has entered into a distribution pact with Slovenia-based Medis for its orphan drug NaMuscla.As part of the agreement, Medis will commercialise NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic (NDM) disorders in Central and Eastern European countries, Lupin said [...]
Mazumdar-Shaw calls for incentive scheme for research
New Delhi, Feb 9 (PTI) India needs to incentivize industries to invest more in academic research for creating a better ecosystem of research and innovation, Biocon chairperson Kiran Mazumdar-Shaw said on Wednesday. Speaking at a book launch event organised by the Centre for Social and Economic Progress (CSEP), Mazumdar-Shaw further said as the government has [...]
HP govt gives approval to amend minor minerals rules for construction
Shimla, Feb 9 (PTI) The Himachal Pradesh government has given its approval for amendment in the rules related to minor minerals to ensure optimum use of minor minerals for use in construction of roads, retaining walls and breast wall soling, an official spokesperson said. The state's Cabinet gave its approval to amend the Himachal Pradesh [...]
Business briefs
*SWELECT Energy System reports Dec qtr profit at Rs 18.6 cr New Delhi, Feb 9 (PTI) SWELECT Energy Systems' consolidated net profit jumped over two-fold to Rs 18.67 crore in December quarter compared to year ago mainly on the back of higher revenues. The company reported consolidated net profit of Rs 8.90 crore in the [...]
Business briefs
*SBI, NSE Academy tie-up to launch five online courses Mumbai, Feb 9 (PTI) State Bank of India on Wednesday said it has associated with NSE Academy to launch five online courses.The courses curated by SBI are a blend of theory and operational aspects which will enable learners to have a deeper understanding of fundamentals of [...]
Availability of long-term finance for infrastructure projects challenge: Official
Kolkata, Feb 9 (PTI) Availability of long-term finance for infrastructure projects in the country is a challenge, which calls for changes in financial regulation as such development initiatives have lengthy gestation periods, an official said on Wednesday. Speaking at a webinar organised by BCCI, state-run IIFCL Managing Director P R Jaishankar said, "Majority of funds [...]
Kinetic Engineering to focus on EV segment; to make chassis, gearboxes for such 2, 3-wheelers
Mumbai, Feb 9 (PTI) Auto components maker Kinetic Engineering, which had made a name in the past with mopeds and scooters but has since long quit the space, is planning big on the electric vehicles front offering two- and three-wheeler chassis and gearboxes and expects it to become an Rs 800-1,000-crore business over the next [...]
GMR Infrastructure narrows loss to Rs 515 cr in Oct-Dec
New Delhi, Feb 9 (PTI) GMR Infrastructure Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 515.34 crore for the quarter ended in December 2021 against that of Rs 1,120.51 crore in the year-ago period, according to a regulatory filing. The consolidated income from operations in the quarter under review rose to Rs [...]
KFin Technologies acquires Hexagram to expand into fund accounting, reconciliation solutions
New Delhi, Feb 9 (PTI) Leading provider of investor and issuer solutions KFin Technologies on Wednesday announced the acquisition of Hexagram Fintech, an IT product company specialising in fund accounting and reconciliation product development. Post this acquisition, Hexagram will become a wholly-owned subsidiary of KFin Technologies, according to a statement. [...]
5G band sufficiently spaced out from those used for radio altimeter in aircraft: Govt
New Delhi, Feb 9 (PTI) The frequency band of 3300-3670 MHz identified for 5G technology in India is sufficiently spaced out from the 4200-4400 MHz band, used for radio altimeter in planes, and it is "very unlikely" to cause any interference in radio altimeter communications, the government said on Wednesday. Some media reports have been [...]
ACC Q3 Results: Consolidated net profit declines 40.5%
Cement maker ACC Ltd on Wednesday reported a 40.55 per cent increase in its consolidated net profit to Rs 280.85 crore for the fourth quarter ended December 31, 2021, due to adverse input inflation. The company, which follows the January-December financial year cycle, had posted a net profit of Rs 472.44 crore during the corresponding [...]
Equity mutual funds garner Rs 14,888 cr in January
New Delhi, Feb 9 (PTI) Equity mutual funds attracted a net sum of Rs 14,888 crore in January, making it the 11th consecutive month of net inflows, amid high volatility in the stock market and continued selling by foreign investors. However, the amount was much lower than the net inflow of Rs 25,077 crore witnessed in [...]
Tamilnadu Petroproducts reports Rs 46.95 crore net during Q3
Tamilnadu Petroproducts Ltd (TPL), a part of AM International, Singapore, on Wednesday reported standalone profit after tax at Rs 46.95 crore for the quarter ending December 31, 2021. The Chennai-based petrochemical manufacturing company saw a standalone profit after tax at Rs 21.87 crore during the corresponding quarter the previous year. Revenues for the quarter under [...]
India is in discussion with ASEAN to start FTA review: Patel
New Delhi, Feb 9 (PTI) India is in discussion with the 10-nation bloc ASEAN for initiating the review of the free-trade agreement in goods between the two regions to seek more market access for domestic products, Parliament was informed on Wednesday. Minister of State for Commerce and Industry Anupriya Patel said the market access issues [...]
305 cases booked for violations related to country of origin, expiry dates since Oct 2020
New Delhi, Feb 9 (PTI) As many as 305 cases have been registered under the Legal Metrology Act for various violations of mandatory declarations, like country of origin and expiry dates, since October 16, 2020, Parliament was informed on Wednesday. In a written reply to the Lok Sabha, Minister of State for Consumer Affairs, Food [...]
KVIC equips centre for ‘tiger widows’ in Sunderbans’ island with modern amenities
New Delhi, Feb 9 (PTI) Over a hundred 'tiger widows' in Bali island in the dense mangrove thickets of Sunderbans in West Bengal, who were engaged with spinning activity by the Khadi and Village Industries Commission since 2018, now have access to modern amenities, advanced equipment and marketing support. To begin khadi activities on the island, [...]
NHPC inks pact to build 10,000 MW renewable energy capacity in Rajasthan
New Delhi, Feb 9 (PTI) State-run NHPC has signed a letter of intent (LoI) to build renewable energy projects of 10,000 MW in Rajasthan. "...a Letter of Intent (LoI) has been signed between NHPC Limited and Rajasthan Renewable Energy Corporation Ltd (RRECL) on February 8, 2022 at Jaipur for development of 10,000 MW Renewable Energy [...]
SKF India Q3 Results: Consolidated net profit down 31%
Swedish auto component maker SKF India has reported a steep 31 per cent year-on-year dip in consolidated net profit to Rs 88.79 crore for the December 2021 quarter, impacted by inflationary pressure and supply chain constraints. It had posted a profit of Rs 128.11 crore in the corresponding quarter of the financial year 2022-21, the [...]
Power Foundation to assist Power Ministry as knowledge partner for India’s G20 Presidency, Clean Energy Ministerial
New Delhi, Feb 9 (PTI) Policy advocacy body Power Foundation will assist the Ministry of Power as a knowledge partner for India's G20 Presidency and Clean Energy Ministerial, an official statement said. Power Foundation is a registered society with an aim to be the foremost policy advocacy body which would engage in national dialogues on [...]
Spencer’s Retail Q3 Results: Consolidated net loss narrows to Rs 27 cr
RP-Sanjiv Goenka Group arm Spencer's Retail Ltd on Wednesday reported narrowing of its consolidated net loss to Rs 26.77 crore for the third quarter ended December 2021. The company had posted a net loss of Rs 29.63 crore in the October-December period a year ago, Spencer’s Retail Ltd (SRL) said in a regulatory filing. Revenue [...]
Paper maker Satia Industries enhances production capacity with commissioning of PM4
Mumbai, Feb 9 (PTI) Wood and Agro-based paper manufacturers Satia Industries on Wednesday said it has commissioned Paper Machine 4 having an installed capacity of one lakh tonne per annum, with an investment of Rs 500 crore. Out of the total investment of Rs 500 crore, Rs 300 crore was raised through debt and the [...]
GMR Infrastructure posts Rs 515 cr quarterly loss
New Delhi, Feb 9 (PTI) GMR Infrastructure Limited on Wednesday reported a consolidated net loss of Rs 515.34 crore for the quarter ended December 2021. The company had posted a consolidated net loss of Rs 1,120.51 crore in the year-ago period, according to a regulatory filing. The consolidated income from operations in the latest quarter under [...]
Centre to ensure higher opening stock of urea & DAP for next kharif season: govt official
New Delhi, Feb 9 (PTI) To ensure adequate and timely supply of fertilisers to farmers in the next 2022 kharif season, the government targets higher-than expected opening stock of urea and DAP nutrients, a senior government official said on Wednesday. Normally, sowing in the kharif (summer) season begins with the onset of Southwest monsoon in [...]
Dr Reddy’s Laboratories launches generic drug in US market
New Delhi, Feb 9 (PTI) Dr Reddy's Laboratories on Wednesday said it has launched vasopressin injection, which is used to control frequent urination, increased thirst, and loss of water caused by diabetes, in the American market.The company has launched the product, a generic version of Par Pharmaceuticals' Vasostrict, in the US market after getting approval [...]
Major social media cos set up institutional structure, following guidelines: IT Minister
New Delhi, Feb 9 (PTI) Almost all the social media companies have set up an institutional structure and are publishing monthly compliance reports as required under the statute, IT Minister Ashwini Vaishnaw said on Wednesday. Replying to a question in the Lok Sabha, Vaishnaw said to ensure that social media is safe and people can [...]
Jindal Stainless (Hisar) Q3 profit rises 91% to Rs 515 cr
Jindal Stainless (Hisar) Ltd on Wednesday reported a 90.6 per cent jump in consolidated profit at Rs 515.08 crore for the quarter ended December 2021. The company had posted a consolidated profit of Rs 270.20 crore in the year-ago period, Jindal Stainless (Hisar) Ltd said in a filing to BSE. The consolidated income of the [...]
xto10x Technologies raises $25 mn in funding round led by Binny Bansal
New Delhi, Feb 9 (PTI) Startup consulting and SaaS firm xto10x Technologies on Wednesday said it has raised USD 25 million (about Rs 186.9 crore) in funding led by its co-founder Binny Bansal.The series A funding round also saw participation from 28 founders and senior leaders of the startup ecosystem in India and Southeast Asia."The [...]
PM Gati Shakti: Sonowal reviews ports’ efficiency initiatives
New Delhi, Feb 9 (PTI) Union Minister Sarbananda Sonowal on Wednesday took a comprehensive review of initiatives taken by the various ports for facilitating ease of doing business (EoDB) and operational efficiency through technology (OETT) to boost growth under the PM Gati Shakti National Master Plan, an official statement said. [...]
A SENIOR CITIZEN BATTLED OUT A RARE THROAT CANCER IN RELA HOSPITAL
CHENNAI, India, Feb. 9, 2022 /PRNewswire/ -- In Chennai, a senior citizen successfully survived stage-4 Throat cancer after a series of radiation treatments under the proper guidance of expert oncologists in Rela Hospital and lives as a testimony to prove that cancer can be cured with early diagnosis, accurate treatment and enormous dose of emotional [...]
Karbon Card raises USD 15 mn in funding round led by Olive Tree
New Delhi, Feb 9 (PTI) Fintech firm Karbon Card on Wednesday announced to have USD 15 million, about Rs 112 crore, in a Series-A funding round led by Olive Tree Capital. Harmony and AvenirGrowth Capital also participated in the funding round. Existing investors Ramp, Mercury and Orios Venture Partners also invested, the company said in [...]
EIL net halves in Oct-Dec
New Delhi, Feb 9 (PTI) State-owned Engineers India Ltd on Wednesday reported halving of its net profit in the December quarter as revenue from operations declined. EIL has a consolidated net profit of Rs 40.66 crore in October-December compared with Rs 88.07 crore a year back, the company said in a stock exchange filing. Revenue [...]
Alliance Air Mumbai-Bhuj flight flies without engine cover, DGCA launches probe
Mumbai, Feb 9 (PTI) An Alliance Air flight from Mumbai to Bhuj, carrying 70 passengers, flew without engine cover that was later retrieved from the runway at the city airport on Wednesday, prompting aviation regulator DGCA to start a probe into the incident, according to an official. The ATR aircraft landed safely at Bhuj in [...]
NABARD launches JIVA to promote natural farming under its existing watershed, wadi programmes
Mumbai, Feb 9 (PTI) The National Bank for Agriculture and Rural Development (NABARD) on Wednesday launched an agroecology-based programme JIVA that will promote natural farming under its existing watershed and wadi programmes in 11 states. "JIVA is a culmination of several projects under the watershed programme...and will be implemented on our existing completed (or near [...]
We will be able to launch beta version of ONDC in few months: Goyal
New Delhi, Feb 9 (PTI) Commerce and Industry Minister Piyush Goyal on Wednesday said the Open Network for Digital Commerce (ONDC) will give an opportunity to small retailers to compete with big firms and its beta version is likely to be launched in few months. As UPI is to the digital payment domain, ONDC is [...]
TEKNOFEET Unveils Revolutionary 3D Foot Scanning Solution in India
- This is first of its kind technology in India Gurugram, 08.02.2022: Gurugram based startup TEKNOFEET, believes in providing 'Perfect Fit' footwear solutions by creating an ecosystem around ‘3D Feet Measurement’ has come up with the first of its kind Revolutionary 3D foot scanning solution in India. The brand aims to enhance the footwear shopping [...]
Godrej Housing Finance is now ‘Great Place to Work’ certified
MUMBAI, India, Feb. 9, 2022 /PRNewswire/ -- Godrej Housing Finance, a part of Godrej Industries Ltd., has been Great Place to Work-Certified. The certification by Great Place to Work is a testament to Godrej Housing Finance's commitment to building a diverse and supportive workplace where all employees can thrive, excel in their careers, and serve [...]
Aster DM Healthcare Q3 FY22 Results
India operations revenue up by 34% to Rs. 618 Crs., EBITDA up by 98% to Rs. 107 Crs. over Q3 FY21 and PAT from a loss of Rs. 8 Crs. to a profit of Rs. 36 Crs. YoY India – Business Wire India Aster DM Healthcare, one of the largest private healthcare service providers in [...]
Hogar Controls Launches the Flagship New Multi-Functional Smart Touch Panels ‘Prima+ Series’
Hyderabad, India: Business Wire India Hogar Controls Inc, a global IoT firm that has chosen Hyderabad to set up its R&D & assembling unit in 2019, has announced the launch of its allnew range of Prima+ Smart Touch Panel series. With a design-first approach and as a part of holistic smart home solutions, Hogar's touch [...]
Ace investor Rakesh Jhunjhunwala, others to pick up stake in D B Realty
Real estate developer D B Realty will allot 5 crore warrants to investors, including Rakesh Jhunjhunwala and his wife, within days of Godrej Properties cancelling its plans to invest Rs 700 crore in the company to pick up 10 per cent stake and set up a joint platform. The company will raise Rs 1,575 crore [...]
US-based DHR Holdings Leases 35,000 Square Feet of Commercial Space with The Phoenix Mills Ltd.
Mumbai, Maharashtra, India (NewsVoir) DHR Holdings India Pvt. Ltd., the Indian arm of US-based DHR Holdings LLC, a US-based science and technology innovator, has leased 35,000 square feet of office space on a 5-year occupancy at the spacious commercial project, ‘Art Guild House’ in Mumbai, making it one of the touted transactions in recent times. [...]
JK Paper shares jump nearly 4% after earnings announcement
New Delhi, Feb 9 (PTI) Shares of JK Paper on Wednesday jumped nearly 4 per cent after the company reported over two-fold increase in consolidated net profit for the third quarter ended December 2021.The stock gained 3.61 per cent to settle at Rs 243.65 on BSE. During the day, it rallied 5.46 per cent to [...]
Berger Paints’ Q3 Results: Consolidated net profit falls 8% to Rs 253 cr
Berger Paints India Ltd on Wednesday reported an eight per cent decline in its consolidated net profit to Rs 252.97 crore for the December 2021 quarter. The company had posted a net profit of Rs 274.98 crore during the corresponding quarter last year, Berger Paints India said in a regulatory filing. Its revenue from operations [...]
UK’s Sheth Jeebun to support 30,000 women artisans from Indian villages
Sheth Jeebun, a very successful businessman in the property and care home services in the United Kingdom, is set to enter India with a project aimed at supporting more than 30,000 women artisans in rural areas. To be launched very soon, the project would include working with 30,000 underprivileged but skilled women artisans in India’s [...]
DCB Bank shares decline nearly 2% post earnings
New Delhi, Feb 9 (PTI) Shares of DCB Bank on Wednesday dipped nearly 2 per cent after the company reported a 22 per cent decline in its net profit for the quarter ended in December 2021. The stock declined 1.47 per cent to settle at Rs 86.85 on the BSE. During the day, it tumbled [...]
THDC India signs LoI to set up 10,000-MW solar projects in Rajasthan
New Delhi, Feb 9 (PTI) State-owned THDC India Ltd (THDCIL) has signed a pact to build 10,000-megawatt (MW) solar power projects entailing an investment of Rs 10,000 crore in Rajasthan. "THDC India Limited (THDCIL) signed the letter of intent (LoI) of 10,000 MW in Rajasthan with an estimated investment of Rs 40,000 crore for the [...]
Tata Power Q3 Results: Consolidated net profit up 74% to Rs 552 cr
Tata Power on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the December quarter on the back of higher revenues. This was the ninth consecutive quarter of PAT growth, it added. "Consolidated PAT (profit after tax) up by 74 per cent YoY year at Rs 552 [...]
Crystal Crop makes foray into retail biz
New Delhi, Feb 9 (PTI) Agrochemicals firm Crystal Crop Protection Ltd (CCPL) on Tuesday made a foray into the retail space with its new company Saffire Crop Science, which will leverage technology to offer global standard products and services. Saffire Crop Science provides a wide range of agrochemical products and services, allowing farmers to access [...]
MUMMBAI, FEB 9 (PTI)
MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 62463.00 62387.00 STANDARD GOLD (99.5) : 48496.00 48470.00 PURE GOLD (99.9) : 48691.00 48665.00 --------------- PTI MUM SVC SVC SVC
ETC Things launches in India with budget home cinema system priced at 17,999 INR
Collaborates with boAt to offer a cinema-like experience at home New Delhi, February 9, 2022: Stepping into the Indian projector market, ETC Things launches with 2 premium range of smart portable LED projectors, Wowoto XO2 and Wowoto XO3. ETC has come up with a one of its kind bundled deal with boAt soundbars to bring [...]
Hitachi Energy India Q3 Results: Net profit rises 12.2%
Hitachi Energy India on Wednesday posted a 12.2 per cent rise in its net profit to Rs 61.7 crore for the December 2021 quarter, mainly on the back of higher revenues. The company had reported a net profit of Rs 55 crore in the quarter ended on December 31, 2020, according to a BSE filing. [...]
Budget not for the poor, farm sector needs more attention: Oppn in Rajya Sabha
New Delhi, Feb 9 (PTI) Opposition parties in Rajya Sabha on Wednesday accused the government of leaving out the majority of the poor in its Budget 2022-23 and not doing enough for the farm sector that employs a large number of people in the country.During the second day of the discussion on the Union Budget, [...]
Govt open to ‘some tinkering’ in capital gains tax regime: Revenue Secy
New Delhi, Feb 9 (PTI) The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, Revenue Secretary Tarun Bajaj said on Wednesday. In the current fiscal, the revenues from capital gains tax [...]
Prima facie, pilots weren’t aware that plane’s engine cover fell as they told ATC everything was fine: Official
Bhuj, Feb 9 (PTI) The Mumbai Air Traffic Control (ATC) had contacted the pilots of the Alliance Air flight, which flew from Mumbai to Bhuj without its engine cover on Wednesday, whether any object had fallen off the aircraft after its take-off from the airport in Maharashtra capital, an official here said. As per the [...]
COMMODITY PRICES
MUMBAI, FEB 9 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 735.00 COPPER HEAVY SCRAPS 725.00 COPPER ARMATURE (CREDIT) 704.00 COPPER UTENSILS SCRAP 637.00 CC ROD 779.00 BRASS :- BRASS SHEET CUTTING 537.00 BRASS UTENSIL SCRAP 486.00 BRASS HONEY 478.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 184.00 ALUMINIUM EXTRUSION SCRAP 216.00 ALUMINIUM INGOTS [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, FEB 9 (PTI) OILS (per 10 Kgs) G.Nut Raw 1330.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1230.00 Sunflower Exp.Ref. 1300.00 Cottonseed(Refined) 1300.00 Refined Palm Oil 1218.00 Soyabean Ref. 1275.00 Imp.Soyabean Crude - Rapeseed Ref. 1600.00 Rapeseed Exp. 1570.00 Copra white 1520.00 Rice Bran 4-7% FFA - Rice Bran 1180.00 Linseed 1850.00 Castor [...]
Equities extend gains for second day amid global rally; RBI policy eyed
Mumbai, Feb 9 (PTI) Market benchmarks marched higher for the second straight session on Wednesday, mirroring a sharp rebound in global equities amid signs of easing geopolitical tensions. However, a depreciating rupee and continued selling by foreign investors capped the gains, traders said. The 30-share BSE Sensex surged 657.39 points or 1.14 per cent to [...]
Lagnam Spintex to invest Rs 218 crore for doubling capacity, expansion
New Delhi, Feb 9 (PTI) Lagnam Spintex, the manufacturer of high-quality cotton yarns in India, on Wednesday said it plans to invest Rs 218 crore for the expansion project to double its present manufacturing capacity.The company, which is planning towards the expansion project of 41,472 spindles, expects to get an additional topline (revenue) growth of [...]
CPPs facing coal shortages; several industrial units may close if situation doesn’t improve: INTUC
New Delhi, Feb 9 (PTI) The captive power plants in various sectors including steel and aluminium are facing coal shortages and if the situation does not improve soon, then it might lead to closure of several industrial units, creating unemployment on a large scale, INTUC National General Secretary Sanjay Kumar Singh said on Wednesday. "The [...]
Open to look into restaurant demands of going back to higher GST rate with ITC benefit: Revenue secy
New Delhi, Feb 9 (PTI) The government is open to looking into the restaurant industry demands of going back to a higher GST rate, along with the benefit of the tax credit on their inputs, Revenue Secretary Tarun Bajaj said on Wednesday. Currently, a 5 per cent tax is levied on restaurant services, irrespective of [...]
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