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Infra stock jumps 4% after receiving order worth ₹ 1,241 Cr for power transmission projects
Shares of this small-cap infrastructure company jumped over 4 percent after winning orders totaling Rs.1,241 crore for power transmission and residential and commercial building projects. Share Price Movement In Tuesday’s trading session, the share price of Kalpataru Projects International Ltd gained more than 4 percent reaching an intra-day high of Rs.1,426.95 per share from its [...]
Defence stock jumps after receiving order worth ₹ 46 Cr from Min of Defence
The shares of the drone solution provider gained up to 1 percent after the company bagged a prestigious work order worth Rs 46 crore from the Ministry of Defence. Zen Technologies Ltd has a market capitalization of Rs 15,476.22 crore, the shares were trading at Rs 1,714.50 per share, increasing around 0.22 percent as compared [...]
Stock hits 5% upper circuit after it receives order worth ₹ 131 Cr from Oil India
During Tuesday’s trading session, the shares of a company providing geophysical seismic data acquisition, processing and interpretation services hit a 5 percent upper circuit at Rs. 438 on BSE, after the company secured an order worth Rs. 131.63 crores from Oil India Limited. With a market capitalisation of Rs. 278.8 crores, the shares of Alphageo [...]
Stock jumps 3% after receiving order worth ₹ 2,400 Cr for gas pipeline project in US
The shares of this midcap company jumped upto 3 percent in Tuesday’s trading session after receiving a supply order worth Rs. 2,400 crores for a natural gas pipeline project. In one year, the stock has delivered more than a 90 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 19,843 crores, [...]
Smallcap stock hits 5% upper circuit after announcing 1:10 stock split
Gold stock engaged in the business of manufacturing, sale and trading of gold, silver, diamond and other precious metal ornaments hit a 5 percent upper circuit in the day’s trade upon announcing the split of equity shares of the company in the ratio of 1:10. Price Action With a market capitalization of Rs. 8,693.74 Crores, [...]
Chemical stock jumps 13% after announcing 1:3 rights issue
Shares of this chemical stock engaged in manufacturing & trading of Dyes stuff, Organic Pigments & Organic Intermediates surged over 13 percent reaching its 52-week high of Rs.295 per share after the company announced a rights issue, offering shares at a 1:3 ratio. Share Price Variation In Tuesday’s trading session, the share price of Vipul [...]
3 Power stocks jump after signing MoU worth ₹ 1.70 Lakh Cr with Govt of Rajasthan
India's power generation industry is a dynamic sector, boasting an installed capacity of 442.85 GW as of April 2024. The country is the third-largest electricity producer globally, with a projected 8% increase in electricity consumption for 2024, driven by industrial growth and rising temperatures. Here are the power stocks that signed MoU with Govt of [...]
Smallcap stock that holds 70% market share in India’s shrink film market
According to the Hindu business line, India's plastic products industry is a significant player in the global market, with exports reaching $11.55 billion in FY24, despite a 3.5% decline from the previous year. The sector is projected to grow at a CAGR of 12-14%, aiming for a market value exceeding Rs 500 billion by the [...]
Railway stock jumps after receiving ₹ 180 Cr order from East Central Railway
A large-cap railway stock in the Navratna category rose 1.69% after receiving a Rs. 180 crore order from East Central Railway for the turnkey project of the UP and DN line of Garwa Road. Share price variations: With a market capitalization of Rs. 1,11,319.22 crores, Rail Vikas Nigam Limited opened the trading session at Rs. [...]
Green energy stock jumps 9% after it plans to invest ₹ 8000 Cr for solar cell manufacturing plant
Green Energy stock engaged in manufacturing solar photovoltaic modules and providing turnkey solar solutions jumps upto 9 percent in the day’s trade following plans of investing more than Rs. 8,000 Crores to set up a new solar cell and module manufacturing plant. Price Action With a market capitalization of Rs. 1,554.48 Crores, the shares of [...]
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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
J&K first UT to be on-boarded National Single Window System
New Delhi, Feb 8 (PTI) Jammu and Kashmir has become the first union territory (UT) to be integrated with the National Single Window System, a digital platform which serves as a guide for investors to identify and apply for approvals as per their business requirements, the Commerce and Industry Ministry said on Tuesday. Integration with [...]
NEWSALERT
Bharti Airtel board gives enabling nod for raising up to Rs 7,500 cr via debt instruments: Statement. PTI MBI ABM ABM
Bajaj Electricals to demerge its power T&D business
New Delhi, Feb 8 (PTI) Bajaj Electricals Ltd would demerge its power transmission and distribution (T&D) business into a separate company in a move to create a sector-focused firm and streamline the management structure. The board of Shekhar Bajaj-led company on Tuesday approved the scheme of arrangement between Bajaj Electricals (the demerged company) and Bajel [...]
Bharti Airtel Q3 Results: Consolidated net profit dips 2.8%
Telecom operator Bharti Airtel on Tuesday reported a 2.8 per cent decline in its consolidated net profit to Rs 830 crore for the third quarter ended December 2021. The company had recorded a net profit of Rs 854 crore in the same period a year ago. Consolidated revenue increased by 12.6 per cent to Rs [...]
LIC did not pay dividend to govt in FY21; used free reserves to increase paid-up capital: Union minister Karad
New Delhi, Feb 8 (PTI) Life Insurance Corporation (LIC) did not pay any dividend to the government in the last financial year and used the free reserves to increase its paid-up capital, which has now risen to Rs 6,325 crore, the government told Rajya Sabha on Tuesday. In 2019-20 fiscal, the insurance behemoth, which is [...]
Adani Wilmar shares debut with discount; recover later to settle with over 16% gain
Shares of Adani Wilmar Ltd on Tuesday made a tepid market debut but soon recovered the lost ground to surge over 16 per cent against the issue price of Rs 230. The stock made its debut at Rs 221, a discount of 3.91 per cent from the issue price on BSE. But, it soon recovered [...]
Rupee weakens 5 paise to 74.74 a dollar
Mumbai, Feb 8 (PTI) The rupee edged lower by 5 paise to close at 74.74 against the US dollar on Tuesday as stronger greenback, elevated crude oil prices and foreign fund ouflows weighed on forex market sentiment. At the interbank foreign exchange, the rupee opened at 74.65 a dollar and later touched an intra-day high [...]
Devans eyes northeast market, starts production in Arunachal Pradesh
Jammu, Feb 8 (PTI) Devans Modern Breweries, a leading producer of matured malt spirits and an extensive range of beer including the iconic Godfather, has given a major push to its expansion in the northeast with the commencement of beer production in Arunachal Pradesh. Devans has been a player in the Indian alcoholic beverage market [...]
How can you safeguard your portfolio in a bearish market?
Bearish markets tend to test your patience and may hamper your plans of long term investing. When the markets start heading southwards for a prolonged time, by ~20%, they are said to be bearish. This is when investors and traders start getting tensed and wonder about whether they should stay put or sell their investment. [...]
Great Place to Work® India Annual FOR ALL Summit 2022
Largest and the most sought-after summit in the space of workplace culture in India, 2 Days |15+ Sessions |10th & 11th Feb Mumbai, Maharashtra, India (NewsVoir) Great Place to Work® India is hosting its annual FOR ALL Summit 2022 which is the largest and most sought-after summit in the space of workplace culture. With a [...]
Goldiam International continues its strong momentum, reports sales at INR 5,539 mn for 9MFY22, up by 97% YoY
- 9MFY22 PAT at INR 831 mn, up by 97% YoY - The Board recommends an interim dividend of 30%; Subdivision of shares from INR 10 to INR 2 MUMBAI, India, Feb. 8, 2022 /PRNewswire/ -- Goldiam International Ltd. (Goldiam), an integrated manufacturer and supplier of fine diamond jewellery to leading retailers and wholesalers in [...]
Demand for senior living homes up amid COVID; to rise further on ageing population: Report
New Delhi, Feb 8 (PTI) The demand for housing for senior citizens has improved amid the COVID-19 pandemic and is likely to grow in the coming years, driven by focus on health and well-being coupled with fast ageing population, according to Housing.com. Realty portal Housing.com, which is a part of REA India, on Tuesday released [...]
IIFT’s 100% Placement with Highest Package Rs. 80 Lakh and Average Rs. 25.16 Lakh
NEW DELHI, Feb. 8, 2022 /PRNewswire/ -- Indian Institute of Foreign Trade (IIFT) recently concluded the final placements for the 2020-22 batch of its Flagship MBA (IB) Program. The placement cycle witnessed 82 companies, achieving 100% placements for the year 2020-22. It witnessed an average CTC of Rs 25.16 Lakh per annum and the median [...]
First Look: SKODA SLAVIA to be Showcased at Dealerships Across India
Mumbai, Maharashtra, India – Business Wire India • Customers can see and get a first look of the SLAVIA at their nearest dealership starting today • Test drives and deliveries to commence in early March along with the price announcement • SLAVIA will be available in 150 plus showrooms across India • Pre-bookings are open [...]
Godrej Consumer Products Q3 Results: Net profit up 5%, Net sales up 8%
FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a 4.93 per cent increase in consolidated net profit at Rs 527.60 crore for the third quarter ended December 2021. The Godrej group company had posted a net profit of Rs 502.80 crore in the October-December quarter of 2020. Its total revenue from operations was [...]
ReNew Power commissions Gujarat’s first wind-solar hybrid project
New Delhi, Feb 8 (PTI) ReNew Power has commissioned Gujarat's first wind-solar hybrid project of 17.6 MW at the Chlor-Alkali unit of Grasim Industries Ltd in Vilayat, Bharuch. The first phase of the hybrid project, with 17.6 MW commercial-scale wind-solar, commenced operations last week and is expected to generate 80 million units of renewable energy [...]
Domestic air passenger traffic falls 43 pc to 64 lakh in January: Icra
Mumbai, Feb 8 (PTI) Domestic air passenger traffic plunged around 43 per cent month-on-month at 64 lakh in January 2022 as the third wave of the pandemic and the resultant restrictions by state governments kept flyers away from air travel, Icra said on Tuesday. The domestic passenger volume in December 2021 was recorded at 112 [...]
Markets snap 3-day losing streak; RIL leads rebound
Snapping their three-day losing run, market benchmarks ticked higher after a see-saw session on Tuesday on fag-end buying in energy, metal and finance counters amid a firm trend in global markets. Covering-up of short positions by bears also supported the late recovery in stocks, traders said. After swinging between gains and losses, the 30-share BSE [...]
Pepe Jeans India appoints Manish Kapoor as MD, CEO
Mumbai, Feb 8 (PTI) Denim retailer Pepe Jeans London on Tuesday said it has appointed Manish Kapoor as Managing Director India, starting 2022.Kapoor has been promoted as the Managing Director in continuation of his current role as Chief Executive Officer, India, the company said in a statement.In his new role Kapoor will be instrumental in [...]
Govt gets Rs 914 cr from GAIL as dividend tranche
New Delhi, Feb 8 (PTI) The government has received Rs 914 crore from state-owned GAIL as a dividend tranche, DIPAM Secretary Tuhin Kanta Pandey said on Tuesday.With this, the total dividend receipts of the government from CPSEs stand at Rs 41,240 crore."Government has received about Rs 914 crore from GAIL as dividend tranche," Pandey tweeted. [...]
Power requirement estimated to be 1,650.59 billion units in FY23
New Delhi, Feb 8 (PTI) Power requirement in the country is estimated to be 1,650.59 billion units in 2022-23 while it was 1,141.94 billion units till January of the ongoing fiscal year, Parliament was informed on Tuesday. In financial year 2020-21, power requirement was 1,275.53 billion units (BU), Power Minister R K Singh said in [...]
IIFL AMC appoints Aakash Desai as head of private credit vertical
New Delhi, Feb 8 (PTI) IIFL Wealth and Asset Management on Tuesday said it has appointed Aakash Desai as the head of the private credit vertical.Desai will be responsible for identifying growth opportunities to augment scale and profitability in the business, it added.He brings significant experience in corporate finance and capital markets, predominantly in originating [...]
Jindal Steel & Power Q3 Results: Consolidated profit drops 27%
Jindal Steel & Power on Tuesday reported a 27.2 per cent drop in consolidated profit at Rs 1,866.08 for the quarter ended December 2021 owing to higher expenses. The company had posted a consolidated profit of Rs 2,566.68 crore in the corresponding period of the previous fiscal, Jindal Steel & Power said in a BSE [...]
Electoral bonds worth Rs 324 cr encashed by political parties in FY21
New Delhi, Feb 8 (PTI) Electoral bonds worth Rs 324.36 cr were encashed by various political parties in 2020-21, Minister of State for Finance Pankaj Chaudhary informed Parliament on Tuesday.State Bank of India is the authorised bank to issue and encash electoral bonds.The political party-wise detail of electoral bonds encashment is not collated centrally at [...]
Shapoorji Pallonji’s Joyville ropes in Sourav Ganguly as brand ambassador
New Delhi, Feb 8 (PTI) Business conglomerate Shapoorji Pallonji's housing platform Joyville has roped in Sourav Ganguly, the former captain of the Indian cricket team, as its brand ambassador. Joyville, which is a USD 200 million platform established by Shapoorji Pallonji, ADB, IFC and Actis, has so far launched six housing projects in four major [...]
Hero Electric ties up with OTO to offer low-cost finance solutions
New Delhi, Feb 8 (PTI) Hero Electric on Tuesday said it has tied up with OTO to offer low-cost financing solutions on its scooters for B2B companies. The partnership will facilitate easy financing options for the B2B space, the electric two-wheeler maker stated. “Electric two-wheeler financing is the biggest growth driver towards mass adoption in [...]
Eligible individuals, entities have purchased electoral bonds worth over Rs 9,200 cr: Govt
The government on Tuesday informed the Rajya Sabha that electoral bonds worth Rs 9,208.24 crore have been purchased by eligible individuals and entities. The Electoral Bond Scheme 2018, was notified by the government on January 2, 2018. Citing data provided by the Department of Economic Affairs under the Ministry of Finance, Union minister Rao Inderjit [...]
Morepen Laboratories Q3 Results: Net profit dips 10%
Morepen Laboratories on Tuesday said its net profit declined 9.54 per cent to Rs 21.52 crore in the third quarter ended December 31, 2021. The drug maker had reported a net profit of Rs 23.79 crore in the same period of previous fiscal year. Net revenue however rose to Rs 399.19 crore in the third [...]
Inox Green Energy Services files Rs 740-cr IPO papers with Sebi
New Delhi, Feb 8 (PTI) Inox Wind on Tuesday said its arm Inox Green Energy Services Ltd (IGESL) has filed the draft papers with market regulator Sebi to raise up to Rs 740 crore through an initial public offer (IPO).The proposed offer consists of a fresh issue of equity shares aggregating up to Rs 370 [...]
Bajaj Electricals Q3 Results: Consolidated net profit down 51%
Bajaj Electricals Ltd on Tuesday reported a decline of 50.94 per cent in its consolidated net profit to Rs 48.17 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 98.19 crore in the October-December quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing. Its [...]
Bharti Airtel Q3 net profit declines 2.8 pc to Rs 830 cr
New Delhi, Feb 8 (PTI) Telecom operator Bharti Airtel on Tuesday reported a 2.8 per cent decline in its consolidated net profit to Rs 830 crore for the third quarter ended December 2021. The company had recorded a net profit of Rs 854 crore in the same period a year ago. The consolidated revenue of [...]
NEWSALERT
Bharti Airtel Q3 FY22 net profit declines 2.8 pc to Rs 830 cr, revenue up at Rs 29,867 cr. PTI PRS ABM ABM
GACL Continues To Excel In Achieving Highest Ever Third Quarter Sales Turnover, PBT & PAT
GANDHINAGAR, India, Feb. 8, 2022 /PRNewswire/ -- The Board of Directors of GACL at its Meeting held at Gandhinagar on 8th February, 2022 approved the unaudited financial results for the third quarter and the nine months ended 31st December 2021. Despite aggressive competition and the volatile market conditions during the quarter ended 31st December 2021, [...]
Be Internet Insured and Stay Protected from Cyber Frauds with HDFC ERGO Cyber Sachet Insurance
Mumbai, Maharashtra, India (NewsVoir) • HDFC ERGO Cyber Sachet Insurance comes with covers at less than Rs. 2 per day • The customizable policy offers 14 sections at a price per section, making it flexible and affordable HDFC ERGO General Insurance Company, a leading general insurance company in the private sector and a digital-first company, [...]
EKC to offer free online education in local language to govt students in Kutch under CSR initiative
New Delhi, Feb 8 (PTI) High pressure gas cylinders manufacturer Everest Kanto Cylinders (EKC) on Tuesday said it has launched a CSR initiative to offer free online curriculum-liked education in a vernacular language to students of Class 9 and 10, in 35 government schools in the Kutch district of Gujarat during the current academic year. [...]
Reopening schools not enough, need to reintegrate children back into system: Nobel laureate Abhijeet Banerjee
New Delhi, Feb 8 (PTI) Learning losses due to school closures are one of the biggest global threats to long-term recovery from COVID-19 and the economic cost will be severe if corrective action is not taken urgently, according to Nobel laureate Abhijeet Banerjee.Noting that temporary school closures will cause permanent damage he said merely reopening [...]
IndiGo should continue expanding domestic, ‘regional international footprint’; Rahul Bhatia
Mumbai, Feb 8 (PTI) IndiGo Co-Founder and Managing Director Rahul Bhatia has said the airline needs to continue expanding its domestic and "regional international footprint" besides strengthening the cargo franchise in the near term. In an e-mail to employees on Tuesday, Bhatia, who was appointed as the Managing Director on February 4, said that he [...]
HarperCollins Presents ‘Bruised Passports: Traveling the World as Digital Nomads’ By Savi and Vid
- For all those struck by wanderlust, here's a book by the star traveller-storyteller duo to take some serious travel inspo from NEW DELHI, Feb. 8, 2022 /PRNewswire/ -- HarperCollins Publishers is proud to release 'Bruised Passports: Travelling the World as Digital Nomads' which is not just a book filled with stories of travel and [...]
SC notes settlement, closes curative plea of GUVNL against Adani Power for termination of PPA
New Delhi, Feb 8 (PTI) The Supreme Court Tuesday took note of the settlement arrived at between Adani Power (Mundra) Ltd and the Gujarat Urja Vikas Nigam Ltd (GUVNL) and closed the curative plea of the state PSU challenging the apex court's 2019 verdict upholding the private firm's termination of a power purchase agreement (PPA). [...]
MangoPoint raises Rs 1.82 crore from investors
Chennai, Feb 8 (PTI) MangoPoint, engaged in preserving and promoting high-quality mangoes and mango products, has raised Rs 1.82 crore from investors led by The Chennai Angels, the company said on Tuesday. MangoPoint was founded by Manjula Gandhi Rooban and Prasanna Venkatarathnam in 2018 with the vision of taking India's national fruit to the world [...]
Crude oil futures dip on weak demand
New Delhi, Feb 8 (PTI) Crude oil prices fell Rs 31 to Rs 6,769 per barrel on Tuesday after participants reduced their positions.On the Multi Commodity Exchange, crude oil for the February delivery dropped by Rs 31, or 0.46 per cent, to Rs 6,769 per barrel with a business volume of 11,035 lots.Analysts said the [...]
PiWheel Presents ‘The Top Growing & Declining eCommerce Categories of India’
Authored by Maher Ghazal, Chief Growth Officer at PiWheel NEW DELHI and DUBAI, UAE, Feb. 8, 2022 /PRNewswire/ -- This data has been sourced from PiWheel's eCommerce tools and is meant to enlighten the marketing efforts of brands and advertisers. "A few months ago, I read a meme that asked, who was responsible for your [...]
Save up to Rs. 3,000 on the Purchase of Godox Camera Accessories at the Bajaj Finserv EMI Store
Shop for Godox camera accessories at the Bajaj Finserv EMI Store and avail of benefits like No Cost EMIs, zero down payment & free home delivery Pune, Maharashtra, India (NewsVoir) Make your photography and videography experience better with Godox camera accessories as the Bajaj Finserv EMI Store offers exciting deals and discounts. Shoppers can get [...]
CALL FOR TEXTILE WASTE COLLABORATION
FASHION FOR GOOD CONSORTIUM PROJECT SEEKS INDUSTRY LEADERS TO HELP BUILD A NEW TEXTILE WASTE VALUE CHAIN IN INDIA MUMBAI, India, Feb. 8, 2022 /PRNewswire/ -- Fashion for Good is calling for industry stakeholders within the Indian textile suppliers and garment manufacturers to volunteer crucial information for an ambitious project to map the Indian textile [...]
Sebi to auction 7 properties of Saradha Realty on Feb 22
Capital markets regulator Sebi will auction seven properties of Saradha Realty India Ltd and its promoters and directors on February 22 for a reserve price of over Rs 59 lakh in order to recover money raised by the company from public through illicit schemes. The properties to go under the hammer include land parcels located [...]
Hyundai apologises for ‘unauthorised’ tweet on Kashmir by its Pakistani dealer
New Delhi, Feb 8 (PTI) South Korea's Hyundai Motor on Tuesday expressed regret for an "unauthorised" tweet by its Pakistani partner on Kashmir and has got the offending post deleted, but not before it faced calls for a boycott of its cars and the Indian government curtly telling it to be more forceful in its [...]
EVC to offer free online education in local language to govt students in Kutch under CSR initiative
New Delhi, Feb 8 (PTI) High pressure gas cylinders manufacturer Everest Kanto Cylinders (EKC) on Tuesday said it has launched a CSR initiative to offer free online curriculum-liked education in a vernacular language to students of Class 9 and 10, in 35 government schools in the Kutch district of Gujarat during the current academic year. [...]
Life insurers’ new premium income up 3% to Rs 21,957 cr in January
New Delhi, Feb 8 (PTI) The new business premium income of all the life insurance companies grew 2.65 per cent to Rs 21,957 crore in January 2022, data from Irdai showed. The 24 life insurance companies had collected Rs 21,389.70 crore as the first year or the new business premium in January 2021. The country's [...]
Govt puts on hold LoI issuance to successful bidder of Central Electronics
New Delhi, Feb 8 (PTI) The issuance of the Letter of Intent (LoI) to the successful bidder of Central Electronics Ltd (CEL) has been put on hold, pending examination of specific allegations regarding the bidder, the Rajya Sabha was informed on Tuesday. In November, the government approved the highest price bid of Rs 210 crore [...]
Miss Universe Harnaaz Sandhu Supports Smile Train ‘Zor Se Bolo’ Awareness Campaign for Cleft Lip and Palate
NGO Launches Campaign on National Cleft Day New Delhi, Delhi, India (NewsVoir) Smile Train India, the country’s largest cleft care NGO, has announced the launch of its nationwide ‘Zor Se Bolo’ campaign in honor of National Cleft Day. The campaign intends to raise awareness for individuals with a cleft lip and/or palate and to let [...]
Zerodha’s Kamath leads USD 4 mn-fundraise by marketing tech platform Kofluence
Influencer marketing platform Kofluence on Tuesday said it has raised USD 4 million (about Rs 30 crore) in funding led by discount brokerage Zerodha's co-founder Nikhil Kamath. Kunal Shah of fintech Cred, filmmaker Karan Johar, Dharma Productions' Apoorva Mehta, Udaan's Sujeet Kumar, microblogging site Koo's Aprameya Radhakrishna and venture capital fund Upsparks were among other [...]
Mercedes introduces EV module in mechatronics course; first rollout in Pune’s college
New Delhi, Feb 8 (PTI) German luxury carmaker Mercedes-Benz on Tuesday said it has introduced electric vehicle (EV) module in its Advanced Diploma in Automotive Mechatronics course as part of an initiative to develop future talent pool in India and make them industry-ready through academic upskilling. The first EV module for Advanced Diploma in Automotive [...]
TCPL Packaging’s share price surges by 12% after quarterly results
TCPL packaging’s Share price shot up by 12% after Q3FY22 results.The company reported an increase in net sales and net profit.It manufactures and supplies sustainable packaging material to various companies in India. TCPL Packaging Limited is one of India’s largest manufacturers of folding cartons, and India’s largest standalone converter of paperboard. It is amongst India’s [...]
Guar seed futures decline on low demand
New Delhi, Feb 8 (PTI) Guar seed prices on Tuesday declined by Rs 26 to Rs 6,101 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery was trading down by Rs 26, or 0.42 per cent, at Rs 6,101 per 10 quintal with an open interest [...]
Renault crosses 8-lakh cumulative sales mark in India
Mumbai, Feb 8 (PTI) French automaker Renault on Tuesday said it has crossed the 8-lakh cumulative sales milestone in India, in a decade of its presence in the domestic market. It also said that despite the challenges faced by the industry owing to the pandemic and supply constraints, 2021 proved to be a remarkable year [...]
Guar gum futures fall on low demand
New Delhi, Feb 8 (PTI) Guar gum prices on Tuesday fell Rs 31 to Rs 11,340 per five quintal in futures market as traders offloaded their holdings in line with weak trend in spot market.On the National Commodity and Derivatives Exchange, guar gum for February delivery declined by Rs 31, or 0.27 per cent, to [...]
NINL employees’ pay scale revision, pension to be decided by TSLP post disinvest
New Delhi, Feb 8 (PTI) The issues related to pay scale revision and pension of NINL employees will be decided by the new management post disinvestment, Minister of State for Finance Bhagwat Kishanrao Karad said on Tuesday.The government had last month approved the sale of loss-making Neelachal Ispat Nigam Ltd (NINL) to Tata Steel Long [...]
Arya.ag, MAS Financial Services tie-up to offer agri-finance to small farmers, FPOs
Mumbai, Feb 8 (PTI) Integrated grain commerce platform Arya.ag on Tuesday announced a tie-up with MAS Financial Services to offer agri-finance to farmers, with a specific focus on small farmers and Farmer Producer Organizations (FPOs). Arya will offer this service through its lending services arm -- Aryadhan Financial Services, the company said in a statement. [...]
Bank fraud complaints rise to 1.45 lakh in FY21
Fraud complaints registered by the RBI under the various Ombudsman schemes in different categories have risen to 1,45,309 in 2020-21 against 1,35,448 in FY20, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. "RBI has informed that on comparing the complaints against ATM/Debit Cards, Credit Cards and Mobile/Electronic Banking during the period from 2019-20 [...]
Wockhardt gets CDSCO approval to export Russian COVID vaccine Sputnik
New Delhi, Feb 8 (PTI) Homegrown pharmaceutical firm Wockhardt on Tuesday said it has received approval from the Central Drugs Standard Control Organisation (CDSCO) to export up to 10 crore doses of Russian COVID-19 vaccine Sputnik.The approval is for the export of up to 8 crore doses of Sputnik Light and up to 2 crore [...]
TRAI Chief terms 5G spectrum auction consultation paper as watershed; open house discussions begin
New Delhi, Feb 8 (PTI) TRAI Chairman P D Vaghela on Tuesday termed the consultation paper on 5G spectrum auction as "watershed in history of telecom" as the regulator embarked on the last phase of industry-wide deliberation through open house discussions, ahead of finalising its views on crucial aspects such as pricing of radio waves. [...]
RBI extends restrictions on Karnataka’s Millath Co-Operative Bank till May
The Reserve Bank on Tuesday extended the restrictions on Millath Co-Operative Bank, Devangere (Karnataka), by another three months till May 7, 2022. As per the directions issued first on May 10, 2019, withdrawals were capped at Rs 1,000 from any account. The directions have been periodically extended till now. In a press statement on Tuesday, [...]
Redemption price for premature redemption of SGBs due on Feb 8 at Rs 4,813/unit: RBI
Mumbai, Feb 8 (PTI) The Reserve Bank of India (RBI) on Tuesday said the redemption price for the premature redemption of Sovereign Gold Bonds (SGBs), due on February 8, will be Rs 4,813 per unit. "The redemption price for the premature redemption falling due on February 08, 2022 shall be Rs 4,813 per unit of [...]
Crayon Motors launches e-scooter Snow+; price starts at Rs 64,000
New Delhi, Feb 8 (PTI) Startup electric two-wheeler maker Crayon Motors on Tuesday launched a low-speed electric scooter Snow+ with a price starting at Rs 64,000.Snow+ is designed for light mobility needs with a top speed of 25 kmph. It comes with a 250-watt motor, the company said in a statement.The scooter comes with features, [...]
Skye Air Mobility partners with Redcliffe Labs for faster sample collection from remote locations
Mumbai, Feb 8 (PTI) In a first-of-its kind collaboration in the diagnostic healthcare space, drone delivery logistics firm Skye Air Mobility has entered into a long-term pact with Redcliffe Labs for faster sample collection, especially from semi-urban and remote locations of the country. As part of the tie-up, Skye Air will be conducting Beyond Visual [...]
Godrej & Boyce wins order worth over Rs 550 crore
New Delhi, Feb 8 (PTI) Godrej & Boyce on Tuesday said it has bagged orders worth over Rs 550 crore in the domestic T&D (transmission and distribution) market for its power transmission business."Godrej & Boyce Mfg. Co. Ltd, one of the pioneers in manufacturing, announced that its power infrastructure and renewable energy business unit has [...]
Cosmea Financial forms JV with OroWealth; to foray into mutual fund space
New Delhi, Feb 8 (PTI) New-age financial services startup Cosmea Financial Holdings (CFH) on Tuesday announced its joint venture with OroWealth, as part of its plan to setup and launch a digital-first mutual fund. The new joint venture company -- Torus Oro AMC -- will spearhead the foray of CFH into the AMC business. As [...]
Watch your symptoms and adopt periodic preventive health check-ups to Beat Heart Failure
Whenever we get a little breathless walking up the stairs, which we did not feel before, we often tend to ignore it as signs of tiredness and never think of consulting a doctor. Often, the overlooked breathlessness, fatigue may be an indication of beginning of heart failure. Heart failure is the gradual weakening of heart [...]
CYFIRMA introduces DeFNCE – the world’s first app to protect users and mobile devices from cybercriminals
An innovative mobile app with the capabilities to strengthen cybersecurity of mobile devices, identify fake apps, discover data leaks and provide cyber situational awareness India | Feb 8th, 2022 – CYFIRMA, an external threat landscape platform management company funded by Goldman Sachs, Zodius Capital and Z3Partners, today announced the launch of DeFNCE, a mobile app [...]
IGESL files draft IPO paper with Sebi to raise Rs 740 cr
New Delhi, Feb 8 (PTI) Inox Wind on Tuesday said its arm Inox Green Energy Services Ltd (IGESL) has filed drat paper with market regulator Sebi to raise up to Rs 740 crore through an initial public offer (IPO).IGESL has filed a draft red herring prospectus with the Securities and Exchange Board of India on [...]
Hyundai must be more forceful in apology: Piyush Goyal
New Delhi, Feb 8 (PTI) The government has asked Hyundai Motors to be more forceful in its unequivocal apology, Union Minister Piyush Goyal said on Tuesday on the South Korean firm's Pakistan partner tweet on Kashmir.Hyundai had issued a clarification after it faced calls for a boycott of its cars, but there have been demands [...]
Hyundai regrets offense caused to people of India after backlash on Pak distributor’s Kashmir tweet
New Delhi, Feb 8 (PTI) South Korean auto major Hyundai Motor Company on Tuesday regretted the offense caused to Indians by "unauthorised Kashmir-related social media posts" by its distributor in Pakistan and said the action was against its global policy. On Sunday Hyundai Motor India had faced backlash on social media, after a dealer of [...]
Adani Wilmar shares debut with discount; later stock recovers and surges 8%
Shares of Adani Wilmar Ltd on Tuesday made a tepid market debut but soon recovered the lost ground to surge over 8 per cent against the issue price of Rs 230. The stock made its debut at Rs 221, a discount of 3.91 per cent from the issue price on the BSE. But, it recovered [...]
Series F led Clari Partners with Purple Quarter to Onboard Vishy Ranganath as VP of Engineering
BENGALURU, India, Feb. 8, 2022 /PRNewswire/ -- Clari, a connected revenue operations platform that uses automation and AI to unlock data captured in key business systems has announced the appointment of Vishy Ranganatha as the company's Vice President of Engineering. Clari had partnered with Bangalore-based bespoke Tech executive search firm, Purple Quarter for the leadership [...]
NEWSALERT
Govt has asked co to be more forceful in unequivocal apology: Minister Piyush Goyal in RS on tweet by Hyundai's Pakistani partner on Kashmir. PTI ANZ BAL BAL
Tata Crucible Campus Quiz launches its 18th edition!
- Registrations begin online from 7th February to 7th March, 2022 - Open for individual participation only - 2 Online Prelims, 24 Cluster finals, 4 Zonal-finals and 1 National Final MUMBAI, India, Feb. 8, 2022 /PRNewswire/ -- Tata Crucible Campus Quiz, India's largest and most awaited business quiz for campuses, is back for a power [...]
First ever cohort of FutureLearn Scholars announced
Four learners from Ghana, Russia, Uganda and Nigeria to receive world-class online education, £5,000 of funding, and career mentoring LONDON, Feb. 8, 2022 /PRNewswire/ -- FutureLearn.com – the global learning platform with a mission to transform access to education – is proud to announce the first cohort of FutureLearn Scholars. The inaugural FutureLearn Scholarship was [...]
FeedWerkz forays into insect-based pet food through Conscious Creatures
Announces merger with sister company INSECTIFII India to consolidate operations SINGAPORE, Feb. 8, 2022 /PRNewswire/ -- Singaporean insect farming technology startup FeedWerkz is launching our fully-integrated pet food product range under the brand Conscious Creatures ("CC"). CC offers highly palatable, nutritious and sustainable dog treats to environmentally conscious pet owners. The products are scientifically formulated [...]
IIFT’s 100% Placement with Highest Package 80 Lakhs and Average 35 Lakhs
NEW DELHI, Feb. 7, 2022 /PRNewswire/ -- Indian Institute of Foreign Trade (IIFT) recently concluded the final placements for the 2020-22 batch of its Flagship MBA (IB) Program. The placement cycle witnessed 82 companies, achieving 100% placements for the year 2020-22. It witnessed an average CTC of Rs 25.16 Lakhs per annum and the median [...]
Livspace turns unicorn with USD 180 mn funding led by KKR
Home interior and renovation platform Livspace has turned unicorn after raising USD 180 million in a funding round led by investment firm KKR at a valuation of over USD 1 billion, the company said on Tuesday. Existing investors including Ingka Group Investments (part of largest IKEA retailer Ingka Group), Jungle Ventures, Venturi Partners, and Peugeot [...]
BJP MP hails Union Budget, says it will give relief to farmers, poor; Opposition members pick holes
New Delhi, Feb 7 (PTI) BJP MP Nishikant Dubey on Monday hailed the Union Budget 2022-23 as the government's "effort" to give relief to everyone in the country including farmers and poor people, and hit out at the Congress for picking holes in it, saying the main opposition party has nothing else to say. Participating [...]
Delhi Police files FIR in connection with impersonation of Union minister for duping people
New Delhi, Feb 7 (PTI) The Delhi Police has registered a case against unidentified people for allegedly impersonating Union Minister Rao Inderjit Singh and sending e-mails, WhatsApp messages and making phone calls to several people, including government officials, on his behalf to dupe them, officials said on Monday. The matter came to the fore last [...]
KFC apologises after social media outrage over message on Kashmir
New Delhi, Feb 7 (PTI) Quick Service Restaurant (QSR) chain KFC on Monday apologised following an outrage on social media over a post from its Pakistan-based franchise supporting separatists in Kashmir. Another QSR chain Pizza Hut also issued a statement saying "it does not condone, support or agree with the contents of a post circulating [...]
Huawei gets Rs 150 cr order from Bharti Airtel
New Delhi, Feb 7 (PTI) Telecom gear company Huawei has bagged an around Rs 150 crore order for maintenance of Bharti Airtel's transmission network, a source said on Monday. The order is part of an existing deal between Huawei and Airtel and is in compliance with the National Security Directive on Telecommunication that allows continuation [...]
Rise in complaints related to e-banking, credit cards in FY21: Min
New Delhi, Feb 7 (PTI) ATM/debit card related complaints to the Reserve Bank declined in FY21, but those for e-banking and credit card transactions saw an increase, Parliament was informed on Monday. During the period from 2019-20 to 2020-21, there was a decline of 13.01 per cent in complaints related to ATM/debit cards, while there [...]
AviationMin standardises ground-handling service equipment, allows EVs for transportation
New Delhi, Feb 7 (PTI) The civil aviation ministry has standardised the equipment used for ground-handling services, allowing electric vehicles for transportation and other allied services both for the reduction in carbon emission as well as cut transportation costs, Parliament was informed on Monday. Currently, a total of 403 electric vehicles are currently deployed across [...]
PMKSY scheme extended till FY’26 with Rs 4,600 cr outlay
New Delhi, Feb 7 (PTI) The food processing ministry on Monday said its flagship scheme 'Pradhan Mantri Kisan Sampada Yojana (PMKSY)' has been extended till March 2026 with an allocation of Rs 4,600 crore. In a tweet, the ministry said PMKSY has been extended for a period of 2021-22 to 2025-26. The Central government has [...]
Banks’ gross bad loans decline to Rs 8 lakh crore as of Sept: Karad
New Delhi, Feb 7 (PTI) The gross bad loans of the banks have declined to a little over Rs 8 lakh crore by end of the September 2021 quarter from over Rs 9.33 lakh crore at the end of March 2019, the government informed in Parliament on Monday. Of this, the share of public sector [...]
Govt recapitalised PSBs with Rs 3.10 lakh cr capital infusion over last five years: Min
New Delhi, Feb 7 (PTI) The government has recapitalised public sector banks (PSBs) by infusing over Rs 3.10 lakh crore in the last five fiscals, a majority of which was through issuance of recapitalisation bonds, Parliament was informed on Monday. "Government has infused Rs 3,10,997 crore to recapitalise banks during the last five financial years [...]
J&K becomes first UT to be integrated with national single-window system
Jammu, Feb 7 (PTI) Lt Governor Manoj Sinha on Monday launched the single-window portal for Jammu and Kashmir, making it the first Union Territory to be integrated with the national single-window system. While 130 industrial services have been made online on the single-window system, over 160 more services will be integrated this year, Sinha said. [...]
Business briefs 5
Ashok Travels & Tours launches centralised air ticketing portal for CISF Mumbai, Feb 7 (PTI) Ashok Travels and Tours (ATT), the travel division of India Tourism Development Corporation (ITDC), has launched a centralised air ticketing portal for the Central Industrial Security Force (CISF) for seamless official travel. The portal was formally launched by CISF Director-General Sheel [...]
KFC apologises after social media outrage over message on Kashmir
New Delhi, Feb 7 (PTI) Quick Service Restaurant (QSR) chain KFC on Monday apologised following an outrage on social media over a post from its Pakistan-based franchise supporting separatists in Kashmir. "We deeply apologize for a post that was published on some KFC social media channels outside the country. We honour and respect India, and [...]
NDA govt trying to privatise Singareni Collieries, alleges Rama Rao
Hyderabad, Feb 7 (PTI) In a fresh attack on the NDA government at the Centre, working president of the ruling TRS and Telangana Industries Minister K T Rama Rao on Monday alleged that the Centre is trying to privatise the State-owned mining firm Singareni Collieries. "The coal of Singareni Collieries is a big asset for [...]
India Ratings upgrades JSW Energy’s credit rating to AA stable
New Delhi, Feb 7 (PTI) JSW Energy on Monday said that India Ratings has upgraded its long-term credit rating to IND AA (stable) from IND AA- (stable). "Long-term credit rating of JSW Energy Ltd has been upgraded to IND AA (stable) from IND AA- (stable) by India Ratings Pvt Ltd, the wholly-owned Indian subsidiary of [...]
Business briefs
*Ugro Capital raises Rs 138 cr debt in impact financing from ResponsAbility Mumbai, Feb 7 (PTI) Small businesses focused non-banking lender Ugro Capital has raised its first impact focused debt investment of Rs 138 crore from funds managed/advised by the Switzerland-based impact investor ResponsAbility.The transaction was structured in two legs: in the first leg raising [...]
Trifecta raises Rs 1,500 crore maiden equity fund
Mumbai, Feb 7 (PTI) Trifecta Capital on Monday announced a Rs 1,500 crore fund raise to be invested in equity issuances by domestic companies. The company, which has traditionally been in venture debt, had launched the Trifecta Leaders Fund - I, its maiden offering on equity, in May 2021. It announced a first close in [...]
India ranks second in issuance of green bonds: Pankaj Chaudhary
New Delhi, Feb 7 (PTI) India is ranked second after China among the emerging market economies in terms of issuance of green bonds, Minister of State for Finance Pankaj Chaudhary informed Lok Sabha on Monday. India's statement at COP26 had noted that substantial scaling up of climate action would require greater resources and low cost [...]
Punjab & Sind Bank continues turnaround momentum, reports net profit of Rs 301 cr in Dec qtr
New Delhi, Feb 7 (PTI) State-owned Punjab & Sind Bank (PSB) on Monday reported a net profit of Rs 301 crore for the quarter ended December 2021 as the lender saw good growth in overall business mix and better cash recoveries following its turnaround strategy started a year back. The lender had posted a net [...]
OneTo11 raises USD 2.5 mn in seed round
New Delhi, Feb 7 (PTI) Noida-based OneTo11 on Monday announced that it has raised USD 2.5 million in its private and seed funding round. The investment round was led by a wide selection of investment and capital groups and global blockchain investors like Jason Stone and Carl Runefelt. "The company plans to utilise the acquired [...]
K’taka CM meets central ministers; demands interest-free loan, waiver of conditions to discoms
New Delhi, Feb 7 (PTI) Karnataka Chief Minister Basavaraj Bommai on Monday demanded interest-free loan, more funds for building COVID-19 health infrastructure and waiver of conditions for discoms to avail bank loans in the southern state. Bommai, who is in Delhi on a two-day visit, put forward the demands at a meeting with four central [...]
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