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Tata group stocks with low PE ratio to look out for
The Tata Group is a multinational conglomerate and one of India's largest and oldest industrial groups, with interests spanning various sectors including steel, automotive, information technology, telecommunications, chemicals, hospitality, and many others. It is known for its emphasis on ethical business practices, corporate social responsibility, and a strong commitment to community development. One of the [...]
IT stock under ₹ 100 in which FIIs and DIIs increased their stake by 10% in Q2
The Information Technology (IT) sector in India is a crucial component of the country's economy, significantly contributing to its GDP and employment. The sector includes a range of companies involved in software development, IT services, consulting, and business process outsourcing (BPO). Moreover, the US Federal Reserve announced a 50 basis point cut in interest rates, [...]
Hidden Gem: Ashish Kacholia stock in business of aerospace, defence, and railway sector
Ashish Kacholia, better known for his investing strategies and absence in the media, is one of the renowned Indian stock market investors. He started his career with Prime Securities and later joined Edelweiss where he used to handle the equity research desk. Finally, he incorporated his broking firm, Lucky Securities, where he’s building his portfolio. [...]
Ashish Kacholia stocks in the business of AI, Railway and Green energy to keep on your radar
Ashish Kacholia, better known for his investing strategies and absence in the media, is one of the renowned Indian stock market investors. He started his career with Prime Securities and later joined Edelweiss where he used to handle the equity research desk. Finally, he incorporated his broking firm, Lucky Securities, where he’s building his portfolio. [...]
Stock under ₹ 50 in the business of solar pump manufacturing to add to your watchlist
The solar pump market in India is experiencing significant growth, driven by government initiatives and increasing demand for sustainable agricultural practices. The Indian government has set ambitious targets under the PM KUSUM scheme, aiming to install millions of solar-powered pumps to enhance irrigation and reduce dependency on conventional power sources. Listed below is one such [...]
5 Stocks in which BlackRock has invested majority of its India funds
The BlackRock Global Funds (BGF) India Fund A2 is an actively managed fund under BlackRock’s umbrella, focusing on Indian equities. It aims to achieve long-term capital growth by investing primarily in Indian equity securities and invests at least 70 percent of its total assets in the equity securities of companies domiciled in, or exercising the [...]
3 Stocks in which FIIs increased their stake by up to 23% in Q2 to keep an eye on
Foreign Institutional Investors (FIIs) are significant players in global financial markets, comprising various entities such as mutual funds, pension funds, and hedge funds, among others. They invest substantial capital across international borders, influencing the market dynamics, liquidity, and investment trends, thus playing a crucial role in shaping global investment landscapes and economic development. Here are [...]
Waste management stocks held by ace investors to look out for
The Indian waste management market is expected to grow substantially, with projections indicating a market size of nearly $12.9 billion in 2024, potentially reaching $17.3 billion by 2029, reflecting a CAGR of 6.1 percent. Presently, the waste generation stands at about 62 million tons annually, with expectations that this will rise to 165 million tons [...]
₹ 2.96 to ₹ 1,925: Green energy stock turns ₹ 10,000 to ₹ 65 Lakhs in 5 Years
During the trading session of Friday, the shares of a company engaged in the business of generation of power through renewable energy sources hit a 5 percent upper circuit at Rs. 1,925.2 on BSE. With a market capitalisation of Rs. 20,055 crores, the shares of Waaree Renewable Technologies Limited opened at Rs. 1,756, as against [...]
Block Deal: 2 Stock jump after shares up to 1.90 Cr changed hands
A block deal refers to a single transaction in the stock market involving the trading of at least 5,00,000 shares or a minimum value of Rs.10 crores. These deals are executed during specific trading periods known as block deal windows, which are distinct from regular trading hours. Typically conducted by large institutional investors, block deals [...]
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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
Govt plans to make fitness testing of vehicles through Automated Testing Stations mandatory from 2023 onwards
New Delhi, Feb 4 (PTI) The government plans to make fitness testing of vehicles through Automated Testing Stations mandatory in a phased manner starting from April next year. The Road Transport and Highways Ministry on Friday said a draft notification has been issued for public comments regarding mandatory fitness testing of vehicles through Automated Testing [...]
Dept of Fisheries approves projects worth Rs 5,918 cr under PMMSY
New Delhi, Feb 4 (PTI) The Department of Fisheries has approved projects worth Rs 5,918 crore of various state governments and other agencies under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), Parliament was informed on Friday. In a written reply to the Rajya Sabha, Fisheries, Animal Husbandry and Dairying Parshottam Rupala said the department of [...]
S R Narasimhan takes additional charge as CMD POSOCO
New Delhi, Feb 4 (PTI) State-run Power System Operation Corporation Ltd(POSOCO) on Friday said its Director (System Operation) S R Narasimhan has taken additional charge of the post of chairman and managing director. "S R Narasimhan, Director (System Operation), has assumed the additional charge of the post of Chairman and Managing Director (CMD) of Power [...]
Airtel Africa to clear Rs 3,770 cr bond payment in advance
New Delhi, Feb 4 (PTI) Airtel Africa will clear a bond payment worth Rs 3,772 crore about a year in advance on March 7, 2022, a regulatory filing said on Friday. Bharti Airtel International(Netherlands) BV, which manages the company's Africa business, had issued the bond on March 11, 2013. "Bharti Airtel International (Netherlands) BV, a [...]
States/UTs cancel 4.28 cr bogus ration cards during 2014-21
New Delhi, Feb 4 (PTI) States and Union Territories have cancelled about 4.28 crore bogus ration cards during the 2014-21 period, Parliament was informed on Friday. In a written reply in the Rajya Sabha, Minister of State for Food and Consumer Affairs Ashwini Kumar Choubey said the operational responsibilities of the public distribution system under [...]
Rupee logs 1st gain in four days, surges 19 paise against USD
Mumbai, Feb 4 (PTI) The rupee snapped its three-day losing streak by recovering 19 paise to close at 74.69 against the US dollar on Friday tracking weaker greenback against key rivals overseas. At the interbank forex market, the local unit opened strong at 74.71 against the greenback and witnessed an intra-day high of 74.68 and [...]
Manipal Hospitals, Sarjapur launches Breast Care Clinic on World Cancer Day
The clinic is launched to combat the increasing number of breast cancer cases among women through early detection BENGALURU, India, Feb. 4, 2022 /PRNewswire/ -- A woman gives up her fight against breast cancer every 13 minutes in India, making it the most prevalent cancer among Indian women. The importance of early detection of breast [...]
Copper can Curb Transmission of COVID-19: Healthcare Experts
Mumbai, Maharashtra, India (NewsVoir) A number of studies have been conducted recently, since the outbreak of the COVID-19 pandemic,that substantiate the age-old hypotheses of Copper being an essential metal to combat infectious diseases. Leading researchers from around the world are providing evidence to the anti-microbial properties of Copper. Top universities such as Oxford University, University [...]
Jio Platform acquires 25% stake in Two Platforms for USD 15 mn
Digital service company Jio Platforms on Friday announced an investment of USD 15 million in Silicon Valley-based deep tech startup Two Platforms for acquiring 25 per cent equity stake on a fully diluted basis. Founded by former Samsung Technology and Advanced Research president and CEO Pranav Mistry, Two Platforms is an artificial reality company with [...]
ITC shares settle on flat note
New Delhi, Feb 4 (PTI) Shares of ITC Ltd on Friday pared early gains and settled on a flat note.The stock had gained nearly 2 per cent in early trade after the firm reported a 15 per cent increase in consolidated net profit for the third quarter ended December 31.In a volatile trade, the stock [...]
City Union Bank Q3 Results: Net profit rises 15% to Rs 196 cr
City Union Bank (CUB) on Friday reported a 15 per cent rise in net profit at Rs 196 crore for the quarter ended December 2021 on lower provisioning requirements. The private sector lender had posted a net profit of Rs 170 crore in the same quarter a year ago. Total income, however, was down at [...]
NEWSALERT
Jio Platforms acquires 25 pc stake in US-based Two Platforms for USD 15 mn: Statement. PTI PRS ABM ABM
Adani Wilmar finalises IPO issue price at Rs 230/share
New Delhi, Feb 4 (PTI) Edible oil major Adani Wilmar on Friday finalised the issue price of its Rs 3,600 crore initial public offering (IPO) at Rs 230 per share. In a regulatory filing, Adani Enterprises said Adani Wilmar has finalised the issue price for the equity shares at Rs 230 apiece. The price band [...]
Shree Cements Q3 Results: Consolidated net profit down 23.5%
Shree Cements Ltd on Friday reported a decline of 23.57 per cent in its consolidated net profit at Rs 482.70 crore for the third quarter ended December 31, 2021. It had reported a net profit of Rs 631.58 crore in the October-December quarter a year ago, Shree Cements said in a filing to the BSE. [...]
Barbeque-Nation shares give up early gains; settle over 3 pc lower
New Delhi, Feb 4 (PTI) Shares of Barbeque-Nation Hospitality Ltd on Friday gave up all initial gains and settled over 3 per cent lower amid profit-taking.In early trade, it had jumped nearly 3 per cent after the company reported a consolidated net profit of Rs 14.83 crore for the third quarter ended December 2021.The stock, [...]
IndiGo appoints Co-founder Rahul Bhatia as Managing Director
New Delhi, Feb 4 (PTI) InterGlobe Aviation on Friday announced the appointment of its Co-founder Rahul Bhatia as the company's Managing Director with immediate effect. The company is the parent of the country's largest airline IndiGo. Bhatia is the Co-founder and Promoter of InterGlobe Aviation. The board of directors, during its meeting on Friday, unanimously [...]
MUMMBAI, FEB 4
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 60751.00 60927.00 STANDARD GOLD (99.5) : 47975.00 48080.00 PURE GOLD (99.9) : 48168.00 48273.00 --------------- PTI MUM SVC SVC SVC
Aditya Birla Fashion and Retail to foray into D2C space, set up a new subsidiary
New Delhi, Feb 4 (PTI) Aditya Birla Fashion and Retail Limited (ABFRL) on Friday announced its foray into the fast-growing Direct to Consumer (D2C) business through a new subsidiary. The board of the leading fashion company, in a meeting held on Friday, gave an "omnibus approval" to set up a new subsidiary towards building a [...]
Anuradha Guru appointed as ex-officio member of IBBI
New Delhi, Feb 4 (PTI) Anuradha Guru, who is the Economic Adviser at the corporate affairs ministry, has been appointed as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI). The government, meanwhile, has appointed former civil servant Ravi Mittal as the chairperson of IBBI, a key institution in implementing the Insolvency [...]
Markets slip for second day as hawkish central banks weigh; log weekly gains
Mumbai, Feb 4 (PTI) Equity benchmarks stayed on the backfoot for the second straight session on Friday as policy tightening by central banks and persistent foreign fund outflows weighed on sentiment. However, a strengthening rupee capped the downside for the bourses, traders said. The 30-share BSE Sensex ended 143.20 points or 0.24 per cent lower [...]
Avaada Energy installed 1GW capacity last year
New Delhi, Feb 4 (PTI) Avaada Energy on Friday said it installed 1GW capacity last year, which is the largest among all the renewable energy independent power producers in India. "Avaada Energy...has successfully commissioned 2.2 GW of utility-scale solar PV (photovoltaic) projects to date. The capacity is spread across nine states in the country," a [...]
AP, Telangana face 40-80 pc damage to chilli crop due to pest attack: Tomar
New Delhi, Feb 4 (PTI) Andhra Pradesh and Telangana faced 40-80 per cent damage to the chilli crop due to pest outbreak, Agriculture Minister Narendra Singh Tomar informed Parliament on Friday. Tomar, in his written reply to the Rajya Sabha, said the damage was assessed in a joint survey conducted by a team comprising experts [...]
Why did Meta (Facebook’s) stock crash 26% yesterday?
Meta Platform Inc’s shares fell by 26% erasing more than ₹200 billion from the market.Meta blamed this decline on the number of active users and Apple’s privacy policy.Mark Zuckerberg lost $29 billion in net worth on Thursday and ranked on the 12th position on Forbes’ real-time billionaires list, right after Gautam Adani and Mukesh Ambani. [...]
Govt sanctions Rs 6,540 cr via Agri Infra Fund so far: Tomar
New Delhi, Feb 4 (PTI) The Centre has approved over 9,000 applications and sanctioned Rs 6,540 crore so far, for the development of agri-infra projects, Agriculture Minister Narendra Singh Tomar said on Friday in Rajya Sabha. Tomar, in his written reply to the Rajya Sabha, said: "As on date, 16,026 applications for an amount of [...]
COMMODITY PRICES
MUMBAI, FEB 4 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 737.00 COPPER HEAVY SCRAPS 725.00 COPPER ARMATURE (CREDIT) 704.00 COPPER UTENSILS SCRAP 637.00 CC ROD 788.00 BRASS :- BRASS SHEET CUTTING 537.00 BRASS UTENSIL SCRAP 486.00 BRASS HONEY 482.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 184.00 ALUMINIUM EXTRUSION SCRAP 216.00 ALUMINIUM INGOTS [...]
AP, Telangana face 40-80 pc damage to chilli crop due to pest attack: Tomar
New Delhi, Feb 4 (PTI) Andhra Pradesh and Telangana faced 40-80 per cent damage to the chilli crop due to pest outbreak, Agriculture Minister Narendra Singh Tomar informed Parliament on Friday. Tomar, in his written reply to the Rajya Sabha, said the damage was assessed in a joint survey conducted by a team comprising experts [...]
MUMBAI, FEB 4 (PTI)
OILS (per 10 Kgs) G.Nut Raw 1340.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1230.00 Sunflower Exp.Ref. 1290.00 Cottonseed(Refined) 1315.00 Refined Palm Oil 1235.00 Soyabean Ref. 1280.00 Imp.Soyabean Crude - Rapeseed Ref. 1660.00 Rapeseed Exp. 1630.00 Copra white 1540.00 Rice Bran 4-7% FFA - Rice Bran 1180.00 Linseed 1850.00 Castor Comm. 1310.00 F.S.G.Kandla 1290.00 [...]
BMW commences bookings for new range of touring bikes
New Delhi, Feb 4 (PTI) German automaker BMW on Friday said it has commenced bookings for its new range of touring motorcycles in the country. The company said it has opened bookings for the R 1250 RT, K 1600 GTL, K 1600 Bagger and K 1600 Grand America. The new range of touring motorcycles is [...]
Gravton Quanta Sets the Pace for Electric Vehicle Revolution; Enters Asia Book of Records by Accomplishing Kanyakumari to Khardung La K2K Ride in Record Time
Hyderabad, Telangana, India – Business Wire India • Gravton Quanta - India’s First indigenous electric vehicle two-wheeler covered 4011 kms from Kanyakumari to Khardung La (Ladakh) in the shortest time without stopping for charging • Instill strong belief that Electric Vehicles are a viable alternative to fossil-fuel-powered vehicles Gravton Motors, a Hyderabad-based startup electric vehicle [...]
Pre-Launch Bookings Open for the New BMW R 1250 RT, BMW K 1600 B, BMW K 1600 GTL and BMW K 1600 Grand America
Gurugram, Haryana, India – Business Wire India • Luxury on two wheels.• Launch of the new BMW Motorrad touring range in May 2022. #MakeLifeARide #BMWR1250RT #BMWK1600GTL #BMWK1600B #BMWK1600GrandAmerica #BMWMotorradIndia #RideandShare Pre-launch bookings have opened for the much-awaited BMW R 1250 RT, BMW K 1600 GTL, BMW K 1600 Bagger and BMW K 1600 Grand America. [...]
Mahindra Lifespace Q3 Results: Net profit at Rs 25 cr; total income drops 53%
Realty firm Mahindra Lifespace Developers Ltd on Friday reported a consolidated net profit of Rs 24.86 crore for the quarter ended December. It had posted a net loss of Rs 9.68 crore in the year-ago period. Total income fell to Rs 33.32 crore in the third quarter of this fiscal year from Rs 70.19 crore [...]
Dadra-Nagar Haveli and Daman-Diu cuts VAT on jet fuel to 3%
New Delhi, Feb 4 (PTI) The value added tax on jet fuel in the Union Territory of Dadra and Nagar Haveli and Daman and Diu has been cut to 3 per cent from 20 per cent, with Union Civil Aviation Minister Jyotiraditya Scindia terming the move as a "progressive decision". The civil aviation ministry has [...]
Auction amount of record-breaking tea donated to Assam CM’s Relief Fund
Dibrugarh (Assam), Feb 4 (PTI) The amount of Rs 99,999 fetched by a kilogram of specialty tea last year in Assam, which is the highest auction price fetched by any tea in the country, was donated by the sellers to the Chief Minister's Relief Fund on Friday. The managing director of Manohari Tea Estate, Rajan [...]
Govt’s borrowing programme not to crowd out pvt investment: DEA Secy
New Delhi, Feb 4 (PTI) The government will execute the market borrowing programme in the next financial year in a non-disruptive manner without crowding out the private sector, said Economic Affairs Secretary Ajay Seth. He further said the government is committed to the path of fiscal consolidation and the budget proposes to bring fiscal deficit [...]
Square Yards makes available prices of registered housing sale-lease deals in 10 cities on its platform
New Delhi, Feb 4 (PTI) Proptech firm Square Yards on Friday said it has introduced a data intelligence feature on its platform where people can check the prices of registered sale and lease transactions of residential properties in any project or locality across 10 major cities. These will be the actual prices as per the [...]
Aster Ranked at 94 in Corporate Knights’ Global 100 Most Sustainable Corporations in the World
Bangalore, Karnataka, India – Business Wire India • Aster DM Healthcare is the only listed company from the Middle East and India to be featured in this prestigious list for 2022 • The ranking is based on a rigorous assessment of 6,914 companies with more than US$1 billion in revenues Aster DM Healthcare, one of [...]
India to double down on oil, gas exploration: Puri
New Delhi, Feb 4 (PTI) India will more than double the area that is under exploration and production of oil and gas to 0.5 million square kilometer by 2025 and to 1 million sq km by 2030 with a view to raising domestic output and cut reliance on imported fuel, Petroleum Minister Hardeep Singh Puri [...]
HarperCollins India is proud to have acquired the literary debut of the year, Vauhini Vara’s The Immortal King Rao
NEW DELHI, Feb. 4, 2022 /PRNewswire/ -- HarperCollins India is thrilled to announce the acquisition of award-winning writer-journalist Vauhini Vara's keenly anticipated debut novel about family, modernity and techno-capitalism – The Immortal King Rao – set to release in India and the US on 3rd May 2022. To be published under the prestigious Fourth Estateimprint, [...]
Get the Dual Advantage of High FD Rates and Deposit Safety with Bajaj Finance FD
Pune, Maharashtra, India (NewsVoir) Irrespective of one’s profession, investing and saving is prudent financial planning to achieve one’s life goals. One must invest as per their risk appetite, long - or short-term goals, liquidity requirements, and retirement for future security. To ensure high returns without taking on high risk, one must have a well-balanced and [...]
Govt plans to make fitness testing of vehicles through Automated Testing Stations mandatory from 2023 onwards
New Delhi, Feb 4 (PTI) The government plans to make fitness testing of vehicles through Automated Testing Stations mandatory in a phased manner starting from April next year. The Road Transport and Highways Ministry on Friday said a draft notification has been issued for public comments regarding mandatory fitness testing of vehicles through an ATS. An Automated [...]
Crude oil futures rise 2.47 pc on higher demand
New Delhi, Feb 4 (PTI) Crude oil prices rose by Rs 164 to Rs 6,805 per barrel on Friday, as participants widened their positions on a firm spot demand.On the Multi Commodity Exchange, crude oil for the February delivery traded higher by Rs 164, or 2.47 per cent, to Rs 6,805 per barrel in 13,789 [...]
HarperCollins is proud to announce the release of The Struggle and The Promise: Restoring India’s Potential by Naushad Forbes
NEW DELHI, Feb. 4, 2022 /PRNewswire/ -- In The Struggle and the Promise, Naushad Forbes answers critical questions concerning India's progress. He provides a logical, actionable blueprint for getting the balance right between industry, institutions and policy. Backed by rigorous research and copious data, here's a book that shows how to fulfil India's potential. "In [...]
Pegasus: SC-appointed committee extends timeline till Feb 8 for people to come forward
New Delhi, Feb 4 (PTI) Just two persons affected by the Pegasus spyware have so far pledged to give their phones to the SC-appointed technical committee looking into the Pegasus issue, forcing the panel to extend the timeline for affected persons to turn up before it. The technical committee appointed by the Supreme Court has [...]
You HAVE TO Win This Battle – Cricketer and Cancer Survivor Yuvraj Singh’s Heartfelt Message to Cancer Patients on World Cancer Day
Gurugram, Haryana, India – Business Wire India On the occasion of World Cancer Day 2022, international cricketing icon and cancer survivor Yuvraj Singh urged cancer patients not to give up and to stay motivated. He said, “Having experienced cancer myself, I know how painful this journey is. No matter how difficult it gets, don’t give [...]
Fourth Industrial Revolution technologies can transform cancer care in India: WEF
New Delhi, Feb 4 (PTI) With cancer rates in India having risen nearly 60 per cent since 1990, the World Economic Forum (WEF) said in a new white paper on Friday that Fourth Industrial Revolution technologies can play a 'game-changer' role in transforming cancer care in the country. Citing results of a study published in [...]
Concessional corporate tax rate: Govt wants private cos to set up new manufacturing units fast
New Delhi, Feb 4 (PTI) The government wants new domestic companies to set up their manufacturing units in India fast and hence the concessional tax rate of 15 per cent has been extended by a year till March 2024, Revenue Secretary Tarun Bajaj said on Friday.Stating that direct and indirect tax collections are going up [...]
Omega Seiki Mobility partners with Goenka Green-promoted ElectroRide
Mumbai, Feb 4 (PTI) Electric vehicle maker Omega Seiki Mobility (OSM) has entered into a strategic partnership with Goenka Green-promoted ElectroRide to jointly set up over 500 dealerships pan-India in a phased manner by FY24. The collaboration will mark Goenka Green's entry in the electric commercial vehicle segment under the ElectroRide brand after 28 years [...]
Export subsidies not yielded results; still India’s exports on track: Goyal
New Delhi, Feb 4 (PTI) Promoting exports through subsidies has not really given the desired results, but the government's RoDTEP scheme is helping grow exports which is expected to reach a record USD 400 billion this year, Commerce and Industries Minister Piyush Goyal said on Friday in the Rajya Sabha. Goyal, while [...]
Guar gum futures gain on spot demand
New Delhi, Feb 4 (PTI) Guar gum prices on Friday gained Rs 154 to Rs 11,840 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 1.32 per cent, or Rs 154, to Rs 11,840 [...]
MUMBAI, FEB 4 (PTI)
OPENING RATES SILVER SPOT (IN RS PER KILO): 60751.00 STANDARD GOLD (99.5) : 47975.00 PURE GOLD (99.9) : 48168.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 61400.00 RS. PER KG.SILVER RDY.(PORTION) : 61500.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48750.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46250.00 RS. PER 10 GMS.HALLMARKED GOLD(22 CARAT) [...]
IIT Hyderabad to set up Suzuki Innovation Centre at its campus
New Delhi, Feb 4 (PTI) Indian Institute of Technology, Hyderabad (IITH) on Friday said it has entered into an agreement with Suzuki Motor Corporation to start Suzuki Innovation Centre (SIC) at its campus. The institute has signed a three-year contract with the automaker with the vision of "creating innovations for India and Japan" by providing [...]
THE DIRECT RATES OF SBI
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 73.97 75.47 73.91 75.63 EUR/INR 84.21 87.10 84.15 87.28 GBP/INR 100.12 103.29 100.04 103.50 JPY/INR 63.96 66.15 63.91 66.28 CHF/INR 79.71 82.76 79.64 82.93 AUD/INR 52.37 54.53 52.33 [...]
Foreign investment key to economic development: Sri Lankan Prez Rajapaksa
Colombo, Feb 4 (PTI) Sri Lanka cannot accelerate its economic development without encouraging and removing obstacles faced by entrepreneurs, President Gotabaya Rajapaksa said on Friday, as he pitched for foreign investment and urged the public to be wary of those propagating "incorrect public opinion" against it. Speaking at the 74th National Day celebrations, Rajapaksa defended [...]
MUMBAI, FEB 4 (PTI) Money Market Operations as on FEB 3, 2022
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 516,793.42 3.31 2.20-5.25 I. Call Money 7,806.73 3.23 2.20-3.50 II. Triparty Repo 410,268.85 3.31 3.22-3.42 III. Market Repo 98,669.84 3.34 2.50-3.50 IV. Repo in Corporate Bond 48.00 5.25 5.25-5.25 B. Term Segment I. Notice Money** [...]
Guar seed futures rise on fresh bets
New Delhi, Feb 4 (PTI) Guar seed prices on Friday rose by Rs 53 to Rs 6,315 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 53, or 0.85 per cent, [...]
Gautam Adani becomes richer than Zuckerberg and Ambani
Gautam Adani becomes the richest man in India and Asia.He is in the 10th position above Mukesh Ambani and Mark Zukerberg on the Forbes’ list of real-time billionaires.Mark Zuckerberg lost $29 billion in net worth on Thursday. Founder and Chief Executive Officer Mark Zuckerberg lost $29 billion in net worth on Thursday, as Meta Platform [...]
Mediation to settle Kirloskar family dispute over assets failed, KBL CMD tells SC
New Delhi, Feb 4 (PTI) The mediation by former apex court judge Indu Malhotra to settle Kriloskar family feud related to assets has failed, Kirloskar Brothers Ltd (KBL) CMD Sanjay Kirloskar told the Supreme Court on Friday and sought urgent hearing of the plea challenging a Bombay High Court order directing arbitration in the case. [...]
Yohan Poonawalla Receives “Business Leader of the Year Award” in the Fifth Edition of Gravittus Foundation’s URJA Awards 2022
Pune, February, 2022: URJA Awards 2022, a brainchild of Usha Kakade’s Gravittus Foundation, honored Mr. Yohan Poonawalla, Chairman and Director of various Poonawalla Group of companies, with the Business Leader of the Year award this year. The URJA award is bestowed on the leaders and dignitaries from the fields of entertainment, sports, business, social activities, [...]
Marathon Group launches revolutionary affordable housing project in Dombivli
MUMBAI, India, Feb. 4, 2022 /PRNewswire/ -- Marathon Group, a leading real estate developer in Mumbai, announced the launch of Nova, a brand new tower at Marathon Nexworld, its revolutionary township in Dombivli. The new launch, Nova is a stunning, proposed 22 storey skyscraper with an iconic curving facade featuring world-class studio and 1BHK homes. [...]
Karnataka Bank conferred with CII award
Mangaluru, Feb 4 (PTI) The city-headquartered Karnataka Bank has been chosen for the ‘DX 2021’ digital transformation award in recognition of its innovative best practice ‘KBL Vikaas’ by the Confederation of Indian Industry (CII), a bank release here said. Karnataka Bank CEO and Managing Director M S Mahabaleshwara hailed the award, saying ‘KBL Vikaas', a [...]
Conservative budget estimates leave room for pandemic response, macroeconomic risks: Moody’s
New Delhi, Feb 4 (PTI) Moody's Investors Service on Friday said India's conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year. The government assumes that inflation-adjusted real GDP growth for fiscal 2021 will come in at 9.2 per cent in the current fiscal ending [...]
Barbeque-Nation shares climb nearly 3% post Q3 earnings
New Delhi, Feb 4 (PTI) Shares of Barbeque-Nation Hospitality Ltd on Friday jumped nearly 3 per cent after the company reported a consolidated net profit of Rs 14.83 crore for the third quarter ended December 2021.The stock gained 2.63 per cent to Rs 1,507 on the BSE.At the NSE, it jumped 1.77 per cent to [...]
Bombay Shaving Company raises Rs 50 cr from GII; to enter Middle East
Mumbai, Feb 4 (PTI) Bombay Shaving Company on Friday said it has raised Rs 50 crore from Gulf Islamic Investments (GII), which will help it gain access to the Middle East region. The company, which is into personal care and hair removal, recently had a Rs 160 crore fund infusion and the latest one takes [...]
Harsha Engineers files draft papers with Sebi to raise Rs 755 cr via IPO
New Delhi, Feb 4 (PTI) Harsha Engineers International, a manufacturer of precision bearing cages, has filed a preliminary prospectus with markets regulator Sebi to raise Rs 755 crore through an initial public offering (IPO).The public issue consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer for sale (OFS) [...]
Kaagaz qualifies for Rs 3.7-cr YCombinator accelerator early-stage funding
New Delhi, Feb 4 (PTI) Delhi NCR-based office tools app Kaagaz on Friday said it has been accepted in an accelerator program of US-based Y Combinator, where early-stage startups are supported with upfront funding of USD 500 thousand or about Rs 3.7 crore. Kaagaz will get to demonstrate its solution before over 1,000 global investors [...]
Mahindra sets record for monthly vehicle sales in South Africa
Johannesburg, Feb 4 (PTI) Mahindra South Africa set a new record for monthly sales since it first started selling its range of automotive vehicles in the country 18 years ago, the subsidiary of the Indian automobile company has said.Figures released by the National Association of Automobile Manufacturers of South Africa (NAAMSA) showed that Mahindra hit [...]
Jar raises USD 32 mn in funding led by Tiger Global
New Delhi, Feb 4 (PTI) Fintech startup firm Jar on Friday said it has raised USD 32 million (about Rs 240 crore) in a Series A round funding led by Tiger Global.Rocketship.vc, Third Prime, Stonks, Force Ventures and existing investors, including Arkam Ventures and WEH, also participated in the new round.Angel investors, including Klarna founder [...]
RENOM awarded the Great Place to Work® Certification
PUNE, India, Feb. 4, 2022 /PRNewswire/ -- RENOM Energy Services established by Sanjay Ghodawat Group has recently been awarded the Great Place to Work® Certification 2022. This certification celebrates the company's commitment, work ethic, and philosophy, to deliver quality services through innovative practices. The company has excelled in five dimensions - High-Trust, High-Performance Culture – [...]
EekiFoods raises USD 2 mn from Avaana Capital, others
New Delhi, Feb 4 (PTI) Agritech startup EekiFoods on Friday said it has raised USD 2 million (about Rs 15 crore) from investors, including Avaana Capital, to expand its business and upgrade technology.The company was founded in December 2018 by IIT Bombay Alumni Abhay Singh and Amit Kumar.It grows high-quality, residue-free Indian staple vegetables through [...]
APNAR Pharma Acquires New Jersey Based Aurex Laboratories with US FDA Approved Finished Dosage Capabilities Expanding its Global Footprint
- Acquisition of US FDA Approved State-of-the-Art Manufacturing Facility with Approximately 68,000 Square Feet On a 14 Acre Campus in the Heart of New Jersey – Also Known as "the Medicine Chest" of America - Capabilities include Formulation Development, Manufacturing of Soft Gels, Powders, Tablets, Capsules, Liquid Drugs, Controlled Substance (schedule II – IV), Packaging, [...]
Senior Industry & Consulting Leader, Rajesh Padmanabhan appointed as Chairman, HONO
GURGAON, India, Feb. 4, 2022 /PRNewswire/ -- Rajesh Padmanabhan, corporate whizz and man-of-many-parts is all set to join HONO as Chairman of HONO Board of Directors. A man with over 3 decades of pioneering work globally, across diverse functions like Business P&L, HR, Corporate Strategy, Consulting, Technology, Banking and Start-up entrepreneurship, Rajesh is now to [...]
IISc-incubated Startup Azooka Labs Launches mWRAPR, India’s First Indegenous Bio-sample Collection kit
Bangalore, Karnataka, India (NewsVoir) • iLabKart Technologies will now be its Authorized Partner for the states of Maharashtra and Gujarat • Azooka has shipped One Million Units COVID-19 Viral Transport Medium so far Azooka Labs, a startup incubated by the Society for Innovation and Development at the Indian Institute of Science (IISc), launched mWRAPR, India’s [...]
Kalp Vaidya, A Growing Social Media Influencer and Blogger, Shares how the Lockdown helped him Build his Identity Online
Kalp Vaidya currently has more than 1,11000 followers on Instagram, 1.49K subscribers, and 54,854 views on YouTube New Delhi, Delhi, India (NewsVoir) Kalp Vaidya, an Instagram influencer from Vadodara, Gujarat, gained recognition on social media during the COVID-19 lockdown. An enthusiast and go-getter at heart, he started his online journey a few months ago with [...]
IMF Managing Director terms Budget 2022-23 ‘thoughtful’ policy agenda for India
Washington, Feb 4 (PTI) The Union budget presented by Finance Minister Nirmala Sitharaman is a very "thoughtful" policy agenda for India and puts a great deal of emphasis on innovation in research and development on human capital investment and digitalisation, Managing Director of IMF Kristalina Georgieva has said. Finance Minister Sitharaman unveiled a Rs 39.45 [...]
Stock Picks by Top Stock Brokers after Budget 2022
The budget for FY 2022-23 was presented in the Parliament on February 01, 2022. A few sectors like Oil and Gas, Metals, Solar Power, Cement, Construction, Telcos, data centres, capital goods digital finance, textiles and defence manufacturers are expected to benefit from the announcements. A few stockbrokers have already released a list of stocks with [...]
Health key focus area of BMC budget, says Chahal; civic body has Rs 87,000-cr deposits
Mumbai, Feb 3 (PTI) Nearly 15 per cent of the Brihanmumbai Municipal Corporation's Rs 45,949 crore budget for 2022-23 has been allocated for health, signifying the importance given to the key sector, said municipal commissioner Iqbal Singh Chahal on Thursday as the metropolis emerges out of a third wave of coronavirus whose outbreak in 2020 [...]
Cargo traffic at Mumbai airport jumps 28% to 7.7 lakh tonnes in 2021
Mumbai, Feb 3 (PTI) Cargo traffic at the city's Chhatrapati Shivaji Maharaj International Airport (CSMIA) jumped 28 per cent year-on-year to 7.7 lakh tonnes in 2021, the private aerodrome operator said on Thursday. The Mumbai airport also said it is expecting cargo traffic to return to 95 per cent of the pre-COVID-19 level this year, [...]
Bosch to invest over Rs 1,000 cr in localisation of advanced auto tech in 5 years
Mumbai, Feb 3 (PTI) Technology and services supplier Bosch, which has completed 100 years of its presence in the Indian market, has said it will invest more than Rs 1,000 crore in the localisation of advanced automotive technologies over the next five years. Besides, the company also launched its mobility marketplace to provide its mobility-related [...]
Barbeque-Nation Hospitality Q3 Results: Net profit at Rs 14.83 cr
Barbeque-Nation Hospitality Ltd on Thursday reported a consolidated net profit of Rs 14.83 crore for the third quarter ended December 2021. The company had clocked a net loss Rs 13.54 crore in the October-December period a year ago, Barbeque-Nation Hospitality said in a regulatory filing. Its revenue from operations was up 47.14 per cent at [...]
Timex Q3 Results: Net loss at Rs 5.10 cr
Leading watchmaker Timex Group India Ltd on Thursday reported a net loss of Rs 5.10 crore for the third quarter ended December 2021. The company had clocked a net profit of Rs 4 crore in the October-December period a year ago, it said in a regulatory filing. Revenue from operations rose 22.43 per cent to [...]
Business briefs 3
Rothschild & Co appoints veteran banker Naina Lal Kidwai as senior advisor, member of India board Mumbai, Feb 3 (PTI) Rothschild & Co, an investment bank, on Thursday announced the appointment of veteran banker Naina Lal Kidwai as a senior advisor and member of its India board. Kidwai, who has headed foreign lender HSBC in [...]
PGCIL approves investments worth Rs 677 cr
New Delhi, Feb 3 (PTI) Power Grid Corporation (PGCIL) on Thursday said its board has approved investments worth Rs 677.59 crore for transmission projects. The 'Committee of Directors on Investment on Projects' at its meeting held on February 2 (Wednesday) approved investments worth Rs 677.59 crore, it said in a BSE filing. The projects include [...]
Manyavar-owner Vedant Fashions collects Rs 945 cr from anchor investors ahead of IPO
New Delhi, Feb 3 (PTI) Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, on Thursday said it has garnered Rs 945 crore from anchor investors, ahead of its IPO roll-out on Friday. The company has decided to allot 1,09,09,450 equity shares to anchor investors at Rs 866 apiece, which is also the upper band [...]
Brigade Enterprises posts Rs 78 cr profit in Dec quarter; revenue up 43% to Rs 933 cr
Bengaluru-based realty firm Brigade Enterprises Ltd on Thursday reported a consolidated net profit of Rs 78.36 crore for the quarter ended December. The company had posted a net loss of Rs 16.12 crore in the year-ago period. Total income rose to Rs 933.19 crore in the third quarter of this fiscal, from Rs 653.65 crore [...]
Home First eyes 30% jump in loan sales at Rs 5,600 cr in FY22
Mumbai, Feb 3 (PTI) Affordable housing-focused Home First Finance, which primarily taps first-time homebuyers, is bullish on the market and is on course to disburse 30 per cent more loans over the last fiscal to close this year at around Rs 5,600 crore. The mortgage lender has been clocking a seven per cent growth in [...]
West Bengal govt to take over all international border truck terminuses
Kolkata, Feb 3 (PTI) The West Bengal government will take over all the truck terminuses at international borders in the state from private agencies, Chief Minister Mamata Banerjee said on Thursday Chairing a meeting with officials, Banerjee said the revenue generated by the terminuses was not reaching the government coffers and being "eaten up" by [...]
ICICI Bank raises stake in GIFT City clearing corp IICC to 9.9%
New Delhi, Feb 3 (PTI) ICICI Bank on Thursday said it has bought additional stake in India International Clearing Corporation (IICC) at IFSC in GIFT City for Rs 4.43 crore, taking its holding in the clearing body to 9.90 per cent. As many as 44,262,356 equity shares at Re 1 per share were allotted to [...]
Three startups attract Rs 80 cr investment at Seeding Kerala summit
Kochi, Feb 3 (PTI) In a big boost to the startup ecosystem in Kerala, investments to the tune of Rs 80 crore were announced on Thursday at the 7th edition of the Seeding Kerala Summit organized by the Kerala Startup Mission (KSUM). Thirteen startups out of the 30 select enterprises, which attended the two-day summit [...]
Oben Electric to roll out new product every 6 months
Chennai, Feb 3 (PTI) Electric mobility startup, Oben Electric on Thursday said it has planned to roll out a new product every six months over the next two years.The company on Thursday marked its entry into the electric 2-wheeler segment with the first product -- a high performance motorcycle --- all set to hit the [...]
Tyres Federation urges govt to remove anti-dumping duty, lift import restrictions
Mumbai, Feb 3 (PTI) The All India Tyres Federation on Thursday sought removal of anti-dumping duty on tyres and urged the government to lift import restrictions imposed after the Competition Commission of India's (CCI) order on domestic tyre manufacturers for indulging in price rigging and cartelisation. In August 2018, the CCI had imposed a total [...]
Business confidence buoyant in Q3 FY22; pace of rise moderated by Covid in Dec: NCAER
New Delhi, Feb 3 (PTI) The business confidence has remained buoyant in the third quarter of the current financial year, though the pace of rise was moderated by a spurt in the number of COVID-19 cases in December 2021, said economic think-tank NCAER. Business sentiments recovered in the October-December quarter of 2021–22 as compared to [...]
Sebi impounds Rs 3.9 cr from former CNBC-Awaaz anchor Hemant Ghai, family members
New Delhi, Feb 3 (PTI) Sebi on Thursday impounded ill-gotten gains of Rs 3.9 crore from former CNBC Awaaz anchor Hemant Ghai and his family members following a detailed investigation in the matter related to fraudulent trading practices. The detailed investigation by the capital markets regulator revealed total wrongful gains made by them was Rs [...]
Blue Star Q3 Results: Consolidated Net profit up 29% at Rs 48 cr
Air conditioner and commercial refrigerator maker Blue Star Ltd on Thursday reported 29.37 per cent rise in consolidated net profit at Rs 47.57 crore for the third quarter ended December 2021. The company had clocked a net profit of Rs 36.77 crore in October-December period a year ago, Blue Star said in a regulatory filing. [...]
16,798-km national highways under PPP arrangement; 331 fee plazas operational now
New Delhi, Feb 3 (PTI) A total length of 16,798.61 kilometres of national highways is under the public-private partnership (PPP) arrangement and 331 fee plazas are operational as of now, Parliament was informed on Thursday. In a written reply to a query to the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said [...]
D B Realty to raise Rs 1,575 cr via issue of warrants to promoters, Godrej Properties, Pinnacle Investments
New Delhi, Feb 3 (PTI) Mumbai-based D B Realty Ltd on Thursday said it will raise about Rs 1,575 crore through issue of warrants to its promoters as well as investors Godrej Properties and Pinnacle Investments, as part of its strategy to cut debt and spur business growth. In a regulatory filing, D B Realty [...]
Adani Power Maharashtra asks MSEDCL to pay Rs 10,135 cr in 4 weeks after SC order
New Delhi, Feb 3 (PTI) Adani Power Maharashtra Ltd (APML) has shot off a letter to Maharashtra State Electricity Distribution Co. Ltd for payment of Rs 10,135 crore toward supply of electricity by APML following the apex court's direction to pay at least 50 per cent of the outstanding dues. Referring to the Supreme Court [...]
Par panel suggests establishing mechanism to strictly monitor quality, progress of road projects
New Delhi, Feb 3 (PTI) A parliamentary panel on Thursday suggested that the road transport ministry should either come out with upper and lower limits for bidding for road projects or establish a mechanism to strictly monitor the quality and progress of such projects awarded to substantially low bids. In its report tabled in the Rajya [...]
India is estimated to require 1,000 fresh commercial pilots every year, says govt
New Delhi, Feb 3 (PTI) The government on Thursday said it is estimated that the country has a requirement of around 1,000 fresh commercial pilots every year. In 2021, a total of 862 commercial pilot licences (CPLs) were issued in the country to cades from Indian and foreign Flying Training Organisations (FTOs), Minister of State [...]
No coal shortage at power plants; supply rises 25% in Apr-Dec 2021: R K Singh
New Delhi, Feb 3 (PTI) Power projects in the country do not have any coal shortage currently and these plants have got 25 per cent higher coal supply of 430.6 million tonnes in April-December 2021 compared to a year ago, Parliament was informed on Thursday. "Presently, there is no shortage of coal for power plants [...]
Thomas Cook (India) Q3 net loss narrows to Rs 25 cr
New Delhi, Feb 3 (PTI) Travel services provider Thomas Cook (India) Ltd on Thursday reported narrowing of its consolidated net loss at Rs 24.59 crore for the third quarter ended December 2021. The company had posted a consolidated net loss of Rs 66.24 crore in the same quarter last fiscal, Thomas Cook (India) said in [...]
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