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Stock jumps 19% after company moves from BSE SME to main board
The micro-cap stock surged 19% on Friday after receiving approval to migrate from the BSE SME Platform to the main boards of both BSE and NSE. Share price variations: With a market capitalization of Rs. 558.95 crores, Indo US Bio-Tech Ltd shares opened the trading session at Rs. 299.95, nearly 7.60% higher than the previous [...]
Solar energy stock jumps 6% after receiving order worth ₹ 32.63 Cr for solar power plants in Zambia
Solar Energy Stock engaged in providing integrated renewable energy solutions like solar modules, solar pumps, rooftop solar, and many more jumped upto 6 percent in the days upon receiving a new work order from Zambia worth Rs. 32.63 Crores. Price Action With a market capitalization of Rs. 702 Crores, the shares of Sahaj Solar Limited [...]
Mukul Agrawal stock hits 5% upper circuit after receiving orders for supply of titanium castings.
Engineering stock touched the 5% upper circuit on Friday after receiving a major production order from BAE Systems for supply of titanium castings for M777 ultra-lightweight howitzer. Share price variations: With a market capitalization of Rs. 20,031.45 crores, the shares of PTC Industries Limited opened the trading session at Rs. 12,900 nearly par to the [...]
Waste management stock to buy now for an upside of 20%; Do you own it?
Shares of a leading recycling company having a presence around the globe and one of the largest lead producer in India surged by 3.7 percent on BSE to Rs. 2,609.9, during the trading session of Friday. This rally was sparked by Axis Securities' initiation of coverage on Gravita India with a bullish outlook. With a [...]
Logistics stock jumps after acquiring 11 Lakh shares in Snowman Logistics
Shares of this leading integrated multimodal logistics company rose nearly 2 percent to Rs.93 per share after acquiring 11 lakh shares in Snowman Logistics Limited, increasing its stake as a promoter. Price Movement In Friday’s trading session, the share price of Gateway Distriparks Limited reached an intraday high of Rs.93 per share, up 1.5 percent [...]
Infra stock hits 5% upper circuit after receiving work order worth ₹ 9.8 Cr for Bollywood Park
Infra stock engaged in designing civil engineering projects & products and providing state-of-the-art specialty Geo-Technical Solutions hit a 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 9.8 Crores for building Bollywood Park. Price Action With a market capitalization of Rs. 512 Crores, the shares of Z-Tech (India) [...]
Stock jumps after receiving order worth ₹ 100 Cr from Adani Ports
During Friday’s morning trading session, the shares of a leading player in the transport consultancy and engineering sector in India surged by 1.4 percent to Rs. 370.5 on BSE, after the company secured an order worth Rs. 100 crores from Adani Ports & SEZ Limited. With a market capitalisation of Rs. 17,486.7 crores, the shares [...]
Navaratna stock jumps 5% after receiving orders worth ₹ 48,000 Cr from Maharashtra Govt.
Power Generation stock in the Navaratna category rose 5.72% in Friday trading session after signing multiple MoUs with Government of Maharashtra for the development of Pumped Storage Projects (PSPs) and Floating Solar Projects (FSPs) Share price variations: With a market capitalization of Rs. 50,753 crores, the shares of SJVN Limited opened the trading session at [...]
Stock hits 5% upper circuit after receiving order from Govt of Maha, Punjab, and Bihar Tourism
The shares of one of the leading integrated marketing, advertising, and communications agencies hit a 5 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 16 Crores, from the Govt of Maharashtra, Punjab, and Bihar Tourism. Price Action With a market capitalization of Rs. 154 Crores, the shares of [...]
Smallcap stock jumps 4% after ICICI Mutual Fund buys 2.25% stake in the company
The shares of this smallcap company jumped around 4 percent in Friday’s trading session after ICICI Prudential Mutual Fund bought a 2.25 percent stake via a bulk deal. On a YTD basis, the stock has delivered more than a 20 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 2,229 crores, [...]
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Top Editor’s Pick
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 [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
CUMI to acquire RHODIUS Abrasives; to enhance technology and geographical access
Chennai, Feb 3 (PTI): Carborundum Universal Ltd (CUMI) on Thursday said its step down wholly owned subsidiary CUMI Abrasives GmbH has entered into a share purchase agreement with RHODIUS Abrasives, Germany at an enterprise value of Euro 55 million (about Rs 464 crore). In a statement, the company said the transaction was expected to be [...]
Consortium of lending banks suggests sale of FRL assets via bids in SC to recover Rs 17K cr dues
New Delhi, Feb 3 (PTI) A consortium of 27 banks Thursday told the Supreme Court that the money lent to Future Retail Ltd (FRL) belonged to the depositors and to safeguard the “public interest”, the entire assets of FRL can be subjected to open bids by Amazon and Reliance with a reserve price of Rs [...]
Godrej Properties to invest Rs 400 cr in DB Realty to pick up 10 pc stake; another Rs 300 cr to jointly build redevelopment projects
New Delhi, Feb 3 (PTI) Real estate firm Godrej Properties will invest Rs 400 crore to acquire around 10 per cent stake in DB Realty and another Rs 300 crore to set up a joint platform for undertaking slum redevelopment projects. The total size of the joint platform of Godrej Properties and DB Realty will [...]
Board of Coromandel International appoints Sudarshan Venu as Additional Director
Chennai, Feb 3 (PTI): Coromandel International Ltd on Thursday said its Board approved the appointment of TVS Motor Company joint managing director Sudarshan Venu as an additional director for a period of five years with immediate effect. In a statement, the company said his tenure would be for a period of five years. "....the Board [...]
RBI cautions public against forex trading on unauthorised platforms\n\n\nMumbai’
Mumbai, Feb 3 (PTI) The Reserve Bank on Thursday cautioned the public not to undertake forex trading on unauthorised Electronic Trading Platforms (ETPs) or remit money against such transactions as these actions attract penalty under the Foreign Exchange Management Act (FEMA). The RBI said that it has noticed misleading advertisements of unauthorised ETPs offering forex [...]
Adani Power Q3 Results: Consolidated Net profit at Rs 218 cr
Adani Power on Thursday posted Rs 218.49 crore consolidated net profit for December quarter 2021-22. The company incurred a loss of Rs 288.74 crore in the year-ago period, a BSE filing stated. Total income stood at Rs 5,593.58 crore in the quarter. It was Rs 7,099.20 crore in the same period a year ago. Total [...]
Mahindra Finance aims to bring net NPA below 4 pc by Mar-end
Mumbai, Feb 3 (PTI) Non-banking financial company Mahindra and Mahindra Finance is aiming to reduce its net non-performing assets (NPA) ratio to below 4 per cent by March-end. In the quarter ended December 31, 2021, the company's net NPA (stage 3 assets), stood at 5.63 per cent (as per IND-AS accounting norms). Under the Reserve [...]
Marico Ltd announces plans to achieve net-zero emissions in global operations by 2040
New Delhi, Feb 3 (PTI) FMCG major Marico Ltd on Thursday announced plans to achieve net-zero emissions in its global operations by 2040. The company will introduce multiple sustainability initiatives across its global operations with a view of curbing greenhouse gas (GHG) emissions and promoting a carbon-neutral business agenda, Marico Ltd said in a statement. [...]
Torrent Power Q3 Results: Consolidated net profit rises 15% to Rs 369 cr
Torrent Power on Thursday posted nearly 15 per cent rise in its consolidated net profit at Rs 369.45 crore in the December quarter, mainly on the back of higher revenues. The company had reported a consolidated net profit of Rs 321.73 crore in the quarter ended December 31, 2020, a BSE filing stated. Total income [...]
JK Tyre’s Q3 Results: Consolidated net profit drops 77%
JK Tyre & Industries on Thursday said its consolidated net profit declined 76.6 per cent to Rs 53.92 crore for the third quarter ended December 31, 2021. The company had reported a consolidated net profit of Rs 230.46 crore in the corresponding period last fiscal, according to BSE filing. However, its revenue from operations in [...]
Shanthi Gears Q3 Results: Net Profit at Rs 13.77 cr
Gear and gear products manufacturer Shanthi Gears Ltd on Thursday reported net profit for the quarter ending December 31, 2021 at Rs 13.77 crore. The Tamil Nadu-based company, a subsidiary of Tube Investments of India (TII) had registered net profit at Rs 7.70 crore during corresponding quarter previous year. For the nine month period ending [...]
Jute balers urge govt to reconsider order reducing stock limit
Kolkata, Feb 3 (PTI) Jute balers have urged the government to reconsider an order asking them to reduce their stock limit to 750 quintals per godown, claiming it will not solve the crisis of the industry which is already under strain.In order to increase supply to mills, the Jute Commissioner recently allowed balers to stock [...]
Kuwy launches platform to fully digitize car sales process
New Delhi, Feb 3 (PTI) Automotive fintech startup Kuwy on Thursday said it has launched a platform for complete online car sales process by bringing together buyers, sellers and lenders.The Chennai-based company, which is a subsidiary of Volkswagen Finance, introduced - KUWYLaaS, an AI-driven platform with block chain technology to complete car sales online. In [...]
‘We don’t tell oil marketing cos to raise or lower prices’, says Puri in LS
New Delhi, Feb 3 (PTI) Amid petrol and diesel prices remaining unchanged for three months now, Union minister Hardeep Singh Puri on Thursday told the Lok Sabha that the government does not tell oil marketing companies to raise or lower the prices. Responding to supplementaries during Question Hour, Puri also said prices have gone up [...]
Par panel for innovative tools like green banks, renewable finance obligation to boost clean energy
New Delhi, Feb 3 (PTI) A parliamentary panel has asked the government to explore new and innovative tools to deal with the issue of financial constrains in the renewable energy sector, including setting up of green banks and introduction of renewable finance obligation for financial institutions, among others. "Since Green Banks have emerged as an [...]
Rupee falls for 3rd day, slips 5 paise to 74.88 against USD
Mumbai, Feb 3 (PTI) The rupee edged lower by 5 paise to log its third straight session of loss against the US dollar on Thursday as stronger greenback against key rivals and muted domestic equities weighed on forex market sentiment. At the interbank foreign exchange, the rupee opened at 74.84 against the American dollar, and [...]
BMC presents Rs 45,949 cr budget, allocates Rs 6,934 cr for health; big property tax relief for small flats
Mumbai, Feb 3 (PTI) The Brihanmumbai Municipal Corporation (BMC) on Thursday unveiled a budget of Rs 45,949.21 crore for 2022-23 and allocated Rs 3,200 crore for the coastal road project and Rs 6,933.75 crore for health, while it provided property tax relief for small flat owners ahead of civic elections.The budget of India's richest civic [...]
Zoho Workplace records 34% y-o-y growth in 2021
Chennai, Feb 3 (PTI) Global technology company Zoho Corporation on Thursday said its enterprise collaboration and communication platform 'Workplace' now serves more than 16 million users globally after witnessing a 34 per cent year on year growth in 2021.The company in a statement here said the substantial growth was on account of increasing business demand [...]
GMM Pfaudler’s Q3 Results: Consolidated net profit jumps 85%
GMM Pfaudler, a leading supplier of engineered equipment and systems to chemical and pharma markets, on Thursday reported an 85 per cent jump in consolidated net profit to Rs 43 crore for the December 2021 quarter. The city-headquartered company also saw its revenue rise by 218 per cent to Rs 642 crore during the quarter [...]
Aditya Birla Capital Q3 Results: Consolidated net profit up 100%
Aditya Birla Capital Ltd (ABCL) on Thursday said its consolidated net profit doubled to Rs 577 crore in the quarter ended December 2021, its highest-ever quarterly profit, on the back of strong growth across businesses. The net profit stood at Rs 289 crore in the corresponding quarter a year ago. Consolidated revenue grew by 13 [...]
Mahindra Holidays Q3 Results: Consolidated Net Profit at Rs 13.4 cr
Mahindra Holidays & Resorts India Ltd on Thursday reported a consolidated net profit of Rs 13.39 crore for the third quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 67.34 lakh in the corresponding period last fiscal, Mahindra Holidays & Resorts India said in a regulatory filing. Its consolidated [...]
Cryptocurrency will never be a legal tender: Finance secy
New Delhi, Feb 3 (PTI) Cryptocurrency will never be a legal tender, Finance Secretary T V Somanathan said on Thursday clearing the air on the legality of private digital currencies in the market. The 2022-23 Budget has given a clarity on taxation of virtual digital assets and proposed to impose a 30 per cent tax [...]
Varun Beverages Q3 Results: Consolidated net profit Rs 32.6-cr
Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Thursday reported a consolidated net profit of Rs 32.59 crore for the fourth quarter ended December 2021, helped by volume growth. The company, which follows the calendar year as its financial year, had posted a net loss of Rs 7.24 crore during the October-December quarter a year [...]
India for global response to regulate cryptocurrencies: DEA Secy Ajay Seth
New Delhi, Feb 3 (PTI) India favours a global consensus on regulating cryptocurrencies as a local response may not yield the desired results because these instruments are traded on the internet and not tied to any jurisdiction, Economic Affairs Secretary Ajay Seth said. "Regulation or ban whatever it is, appropriate policy response to crypto assets [...]
Emami restructures board
Kolkata, Feb 3 (PTI) Home-grown FMCG company Emami Limited on Thursday restructured its board by re-designating whole-time directors Mohan Goenka and Harsh Agarwal as vice-chairman cum wholetime director and vice-chairman cum MD respectively with effect with April one, 2022.In a statement, the company said founders R S Agarwal and R S Goenka have expressed their [...]
Godrej Properties Q3 Results: Consolidated net profit jumps 171.4% YoY
Godrej Properties on Thursday said its consolidated net profit in December quarter nearly tripled to Rs 38.95 crore while its sales bookings grew 4 per cent to Rs 1,541 crore. Its net profit stood at Rs 14.35 crore in the same period of 2020-21. Total income increased to Rs 466.91 crore in the quarter from [...]
Radico Khaitan Q4 net profit down 5.8% to Rs 79.13 cr; sales up 8.8% at Rs 3,306.67 cr
New Delhi, Feb 3 (PTI) Liquor maker Radico Khaitan Ltd on Thursday reported a decline of 5.88 per cent in its consolidated net profit at Rs 79.13 crore for the third quarter ended December 2021. The company had posted a consolidated net profit of Rs 84.08 crore in the October-December quarter a year ago, Radico [...]
ISB students receive 2066 job offers at an average CTC of Rs 34.07 lakh
Hyderabad, Feb 3 (PTI): As many as 270 companies made an unprecedented number of 2,066 acceptable offers to the students of the Post Graduate Programme in Management (PGP Class of 2022 of the Indian School of Business (ISB), with campuses at Mohali and here. A press release from the prestigious B-School said the acceptable offer [...]
Dr. Reddy’s to acquire German medical cannabis firm Nimbus Health GmbH
Hyderabad, Feb 3 (PTI) Dr Reddy's Laboratories Ltd on Thursday announced that it has entered into a definitive agreement to acquire Nimbus Health GmbH a privately owned, licensed pharmaceutical wholesaler from Germany focusing on medical cannabis. A press release from the Indian drug maker said Dr Reddy's will acquire Nimbus Health for an upfront payment [...]
Kuwy launches digital lending platform for online car sellers
Chennai, Feb 3 (PTI): Automotive financial technology start-up Kuwy and a subsidiary of Volkswagen Finance on Thursday announced the launch of lending as a service platform in the domestic online car sales segment. According to a top official of the Chennai-based company, with the launch of Kuwy's Lending as a Service (LaaS) facility, customers would [...]
Advanced medical treatment offering a new lease of life to heart failure patients
Although, Heart is the strongest muscle of the human body, but gradual weakening of heart muscles reduces the heart functioning and patient leads to a condition called heart failure. However, this does not signify that heart has failed or stopped working instead establishes that the heart is working at a lesser pace resulting in inadequate [...]
MoU signed with Ather Energy to set up 1,000 fast charging stations for electric two-wheelers in Karnataka
Bengaluru, Feb 3 (PTI) A Memorandum of Understanding(MoU) was signed between electric two-wheeler maker Ather Energy and Electric Supply Companies (ESCOMs) of Karnataka in the presence of Chief Minister Basavaraj Bommai on Thursday for setting up 1,000 fast charging stations across the state. The ESCOMs would be the nodal agency to provide all technical support [...]
Apollo Tyres shares settle flat
New Delhi, Feb 3 (PTI) Shares of Apollo Tyres on Thursday settled on a flat note after the company's consolidated net profit declined 49.54 per cent in the third quarter ended December 31.The stock declined 4.43 per cent to Rs 215.50 during the day on BSE.It settled flat at Rs 225.20, lower by 0.13 per [...]
Most professionals looking to upskill in 2022 for better opportunities: Report
With the pandemic changing the job scenario and opening up newer avenues, upskilling has become a necessity and this year, 79 per cent of the people interviewed said they are planning to upskill, according to the report. As jobs in newer domains soared high in 2021, more than 70 per cent of people chose to [...]
Godrej Properties plans to invest Rs 400 cr in DB Realty to pick up 10 pc stake; to jointly build redevelopment projects
New Delhi, Feb 3 (PTI) Real estate firm Godrej Properties is planning to invest Rs 400 crore to acquire around 10 per cent stake in DB Realty and will also set up a Rs 600 crore equal joint platform to develop slum redevelopment projects. Mumbai-based Godrej Properties, one of the leading developers in the country, [...]
Safex Chemicals acquires Shogun Lifesciences
New Delhi, Feb 3 (PTI) Agro-chemical firm Safex Chemicals on Thursday announced the acquisition of Gujarat-based Shogun Lifesciences for an undisclosed amount. Shogun Lifesciences has been acquired by Safex through its wholly owned subsidiary Shogun Organics Ltd, a Pune-based manufacturer of Home Care Active Ingredients, now expanded to produce agro chemical active [...]
ESR India to develop first in-city distribution centre in Delhi to invest Rs 175 cr
Mumbai, Feb 3 (PTI) Industrial and logistics estate platform ESR India on Thursday said it will develop its first in-city distribution centre in Delhi at an investment of Rs 175 crore, which is expected to be launched next year. The facility, to come up in an 8.2-acre site with a development potential of three lakh [...]
Azure Power releases its third annual sustainability report for FY 2020-21, commits to water neutrality by 2023
NEW DELHI, Feb. 3, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading sustainable energy solutions provider and IPP in India, today published its third annual sustainability report for fiscal year 2020-21 (FY 2020-21). The report highlights several ways in which Azure Power is delivering on its sustainability commitments. "We are extremely proud of our [...]
MUMMBAI, FEB 3 (PTI)
MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 60923.00 60715.00 STANDARD GOLD (99.5) : 48003.00 47986.00 PURE GOLD (99.9) : 48196.00 48179.00 --------------- PTI MUM SVC SVC SVC
Dr Reddy’s Lab inks pact to acquire Nimbus Health
New Delhi, Feb 3 (PTI) Dr Reddy's Laboratories on Thursday said it has inked a pact to acquire Germany-based Nimbus Health GmbH. The drug major said it has entered into a definitive agreement to acquire the company which is a privately owned, licensed pharmaceutical wholesaler focusing on medical cannabis in Germany. Dr Reddy's will acquire [...]
Markets snap 3-day rally as profit-booking hammers IT, finance stocks
Mumbai, Feb 3 (PTI) The Sensex and Nifty buckled under heavy selling pressure on Thursday as investors pocketed gains in IT, finance and bank stocks after three sessions of robust gains. Nervousness in European markets ahead of central bank meetings coupled with lacklustre macroeconomic data back home also sapped risk appetite, traders said. The 30-share [...]
GoZero plans to invest USD 1 million for expanding presence to North-East
Mumbai, Feb 3 (PTI) British premium electric bike maker GoZero, which has partnered with Kolkata-based Kirti Solar for product development and manufacturing, on Thursday said it plans to invest USD 1 million to expand its presence to India's northeast market. GoZero, which has its R&D centre in Birmingham (UK), entered the Indian market in 2019 [...]
RBI may hike reverse repo rate by 0.25% in next week’s policy: Report
The Monetary Policy Committee (MPC) may go for a hike of up to 0.25 per cent in the reverse repo rate at which the RBI absorbs excess liquidity and leave the repo rate at which it lends, to narrow the policy rate corridor, a British brokerage said on Thursday. "Growth concerns amid spread of the [...]
Disruptors Capital gets Sebi nod to launch Rs 120 cr debut fund
Mumbai, Feb 3 (PTI) Disruptors Capital, an early-stage venture capital fund investing in tech start-ups, has received Sebi's approval to launch a Rs 120-crore debt fund. The category-1 alternative investment fund said it will invest the money in tech start-ups across India, Southeast Asia and the US, and will aid start-ups to raise institutional funding. [...]
ESR India to develop first in-city distribution centre in Delhi to Rs 175 cr
Mumbai, Feb 3 (PTI) Industrial and logistics estate platform ESR India on Thursday said it will develop its first in-city distribution centre in Delhi at an investment of Rs 175 crore, which is expected to be launched next year. The facility, to come up in an 8.2-acre site with a development potential of three lakh [...]
Waterfield Advisors raises $6 mn in second equity funding
Mumbai, Feb 3 (PTI) Leading multi-family office and wealth advisory Waterfield Advisors has raised USD 6 million (about Rs 44.9 crore) in series B funding from single-family offices, ultra-high networth individuals and existing investors.The city-based advisory said the capital will be deployed to accelerate growth, including hiring talent, upgrading technology, and expanding coverage to include [...]
COMMODITY PRICES
MUMBAI, FEB 3 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 737.00 COPPER HEAVY SCRAPS 727.00 COPPER ARMATURE (CREDIT) 704.00 COPPER UTENSILS SCRAP 637.00 CC ROD 786.00 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 [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, FEB 3 (PTI) OILS (per 10 Kgs) G.Nut Raw 1340.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1215.00 Sunflower Exp.Ref. 1290.00 Cottonseed(Refined) 1300.00 Refined Palm Oil 1235.00 Soyabean Ref. 1280.00 Imp.Soyabean Crude - Rapeseed Ref. 1700.00 Rapeseed Exp. 1670.00 Copra white 1560.00 Rice Bran 4-7% FFA - Rice Bran 1180.00 Linseed 1850.00 Castor [...]
RED FM Announces New Campaign ‘India at 75’
New Delhi, Delhi, India (NewsVoir) 93.5 RED FM, India’s leading private radio and entertainment network announces ‘India at 75’ celebrating the history of our country. The campaign aims to relive the footprints that the nation has created over the glorious years of Independence. FICCI, the oldest, largest and the apex business chamber in India, also [...]
SUD Life registers 80 pc jump in new business premium to Rs 1,309 cr in Dec quarter
New Delhi, Feb 3 (PTI) SUD Life on Thursday reported an 80 per cent jump in its new business premium income to Rs 1,309 crore for the quarter ended December 2021. Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture (JV) of Bank of India, Union Bank of India and Dai-ichi Life Japan. [...]
Merck Foundation and African First Ladies Making History in Transforming Cancer Care in Africa on World Cancer Day 2022
Mumbai, Maharashtra, India & Lusaka, Zambia – Business Wire India • Merck Foundation marks World Cancer Day together with Africa First Ladies and Ministries of Health through building cancer care capacity and increasing the limited number of oncologists in their countries by providing One-, two- and three-years fellowship, diploma and Master degree in oncology specialties [...]
Shipping Corp, BEML, BPCL among CPSEs to be privatised next fiscal year
The government will move ahead with strategic sale of Shipping Corporation, BEML and BPCL in the next financial year, besides initial public offering of three public sector companies, including ECGC, a top government official said. The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year. This is significantly lower [...]
Direct tax collections expected to breach Rs 12.50 lakh cr target: CBDT chairman
New Delhi, Feb 3 (PTI) Direct tax collections are expected to breach the revised target of Rs 12.50 lakh crore and set an all-time high and "historic" record by the end of this financial year in March, CBDT Chairman J B Mohapatra has said.Multiple reasons like "easing" of tax compliance processes for tax payers and [...]
Granules India gets USFDA nod for generic antidepressant drug
New Delhi, Feb 3 (PTI) Drug firm Granules India on Thursday said it has received approval from the US health regulator to market Bupropion Hydrochloride extended-release tablets, an antidepressant medication, in the American market. Granules Pharmaceuticals, Inc (GPI), a wholly-owned subsidiary of the company, has received approval from the US Food & Drug Administration (USFDA) [...]
Bounce achieves over 1 million battery swaps on energy infra network
Smart mobility firm Bounce said on Thursday it has achieved over a million battery swaps on its energy infra network, making it the first player in the domestic market to accomplish such a feat. Backed by marquee investors such as Accel, Accel US, Sequoia Capital India, Falcon Edge, Qualcomm and Omidyar Network, among others, Bounce [...]
Reports on mass exodus of migrant workers false; states should be wary of rumour mongering: Govt
New Delhi, Feb 3 (PTI) Media reports about mass exodus of migrant workers amid the third wave of the pandemic were untrue and states have been asked to be wary of rumour mongering on this issue, Parliament was informed on Thursday. The third wave hit the country last month, forcing states to impose local restrictions [...]
Budget 2022: Govt allocates Rs 283.5 cr for Startup India Seed Fund Scheme
New Delhi, Feb 3 (PTI) The government has allocated Rs 283.5 crore for the Startup India Seed Fund Scheme in the Budget 2022-23, which is higher than the Revised Estimate of about Rs 100 crore. The budgetary allocations for the Fund of Funds for Startups stood at Rs 1,000 crore. The government has set up [...]
DLF eyes Rs 47,000 cr sales revenue from 35 mn sq ft new projects in medium term
New Delhi, Feb 3 (PTI) Realty major DLF Ltd has revised upwards its sales revenue potential by 17 per cent to Rs 47,000 crore from 35 million square feet of planned new launches of housing and commercial projects in the medium term.In an analyst presentation, DLF mentioned that it has planned the launch of 35 million square feet [...]
Garware Hi-Tech Films lists on NSE
Mumbai, Feb 3 (PTI) Garware Hi-Tech Films (formerly Garware Polyester) on Thursday said it has listed its shares on the National Stock Exchange (NSE) to increase investors' participation and enhance shareholder value. Until now, the company's shares were listed solely on the BSE, Garware Hi-Tech Films said in a statement. "After launching new product lines, [...]
Proptech start-up POPT raises USD 2 mn from investors
New Delhi, Feb 3 (PTI) Proptech start-up POPT on Thursday said it has raised USD 2 million mainly from Canada-based angel investors MRW Ventures and Riar Holdings. In the pre-seed round of funding, seven other Indian angel investors also participated. Founded by Manpreet Singh in December 2021, Chandigarh-based POPT is bringing tech solutions in the [...]
Cadila Healthcare Q3 Results: Consolidated net profit declines 5%
Cadila Healthcare Ltd on Thursday reported a 5% decline in consolidated net profit at Rs 500.4 crore in the third quarter ended December 31, 2021. The company had posted a consolidated net profit of Rs 527.2 crore in the same period last fiscal, Cadila Healthcare said in a regulatory filing. Consolidated total revenue from operations [...]
Kalyan Jewellers Q3 Results: Consolidated PAT up 16% at Rs 134 cr
Kalyan Jewellers India on Thursday reported a 16.48 per cent rise in its consolidated profit after tax (PAT) at Rs 134.52 crore for the quarter ended December 2021. The jewellery retailer's PAT stood at Rs 115.48 crore during the corresponding quarter of 2020-21, Kalyan Jewellers said in an exchange filing. Revenue from operations grew by [...]
Scrut Automation raises USD 3 mn from Lightspeed, Endiya Partners
New Delhi, Feb 3 (PTI) IT firm Scrut Automation on Thursday said it has raised USD 3 million in seed funding from Lightspeed and Endiya Partners. The company plans to use the fund to expand operations in the US, EU and Asia, enhance automation capabilities and create the largest marketplace for information security resources like [...]
InterGlobe Air Transport appointed as general sales agent for Bedsonline
Mumbai, Feb 3 (PTI) InterGlobe Air Transport has been appointed as the General Sales Agent for Bedsonline, which is a booking engine and online supplier of global accommodation to travel agencies, the airline and travel management firm said in a release on Thursday.Under the partnership, InterGlobe Air Transport (IGAT) will distribute the Bedsonline product range [...]
Crude oil futures rise on spot demand
New Delhi, Feb 3 (PTI) Crude oil prices rose by Rs 8 to Rs 6,585 per barrel on Thursday, as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the February delivery traded higher by Rs 8, or 0.12 per cent, to Rs 6,585 per barrel in [...]
Author Anubhav Kandpal Launches his Debut Book, ‘We Get to Live’ that Takes You on a Journey of Wonder
Mumbai, Maharashtra, India (NewsVoir) Anubhav Kandpal, a traveler, philosopher, writer and public speaker launched his debut book titled, ‘We Get to Live’. The book provides an insight into the wonders of nature and how humans are intimately connected to everything around us. The book is an intuitive understanding of some intriguing questions. What is time? [...]
Hero Electric ties up with Axis Bank
New Delhi, Feb 3 (PTI) Hero Electric on Thursday said it has tied up with Axis Bank to offer retail financing solutions for its entire product portfolio. The customers can opt for two-wheeler financing across the company's network of over 750 dealers. Through this partnership, Hero Electric customers can now avail numerous value-added financial benefits [...]
Tunnelling work of MCGM water tunnel project to be completed by Dec: Patel Engineering
New Delhi, Feb 3 (PTI) Patel Engineering Ltd (PEL) on Thursday said it will complete the tunnelling of MCGM water tunnel project in Mumbai by the end of this year. In a statement, the company said it was awarded the 5.5 km tunnel project between Hedgewar Udhyan and Trombay by Mumbai's civic body Brihanmumbai Municipal [...]
MUMBAI, FEB 3 (PTI)
OPENING RATES SILVER SPOT (IN RS PER KILO): 60923.00 STANDARD GOLD (99.5) : 48003.00 PURE GOLD (99.9) : 48196.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 61750.00 RS. PER KG.SILVER RDY.(PORTION) : 61850.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48650.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46150.00 RS. PER 10 GMS.HALLMARKED GOLD(22 CARAT) [...]
What is the future of cryptocurrency in India after the Budget?
Finance Minister Nirmala Sitharaman on Tuesday removed uncertainty regarding the future of cryptocurrency in India when she announced that the Reserve Bank of India (RBI) will launch its own digital currency based on blockchain technology by April 1, 2022. This will be India’s first Central Bank Digital Currency (CBDC) project. The digital rupee will make [...]
Pidilite Limited Industries Recognized by Great Place to Work® Among India’s Best Workplaces in Manufacturing 2022!
Mumbai, Maharashtra, India – Business Wire India Pidilite Limited Industries has been recognized by Great Place to Work® India among - Top 30 India’s Best Workplaces in Manufacturing 2022! This recognition reflects every employee who reposes their faith in Pidilite and makes us who we are today and brings life to our vision to be [...]
Tata Power to set up EV charging stations at commercial & passenger vehicle zones of Apollo Tyres
New Delhi, Feb 3 (PTI) Tata Power has partnered with Apollo Tyres to deploy electric vehicle charging stations at the latter's commercial and passenger vehicle zones across India. Tata Power and Apollo Tyres have announced a strategic partnership in this regard, a statement said. Tata Power has a presence across all the segments of the [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI , FEB 3 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE ) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 74.10 75.60 74.04 75.76 EUR/INR 83.18 86.04 83.11 86.21 GBP/INR 99.92 103.13 99.84 103.34 JPY/INR 64.33 66.53 [...]
EFFORT partners with IPM India Wholesale Trading to augment water harvesting in villages of Andhra Pradesh
The program will support 12 villages across Guntur and Prakasam Districts with improved water resource management HYDERABAD, India, Feb. 3, 2022 /PRNewswire/ -- EFFORT, a non-profit organisation committed to empower rural communities for sustainable development has successfully completed a water harvesting project in collaboration with IPM India Wholesale Trading across key water distressed regions of [...]
MUMBAI, FEB 3 (PTI) Money Market Operations as on FEB 2, 2021
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,22,815.46 3.47 2.00-5.45 I. Call Money 7,415.55 3.29 2.20-3.80 II. Triparty Repo 4,11,954.20 3.46 2.90-3.59 III. Market Repo 1,03,402.71 3.52 2.00-3.70 IV. Repo in Corporate Bond 43.00 5.45 5.45-5.45 B. Term Segment I. Notice Money** [...]
Rising demand lifts refined soya oil futures
New Delhi, Feb 3 (PTI) Refined soya oil prices on Thursday rose by Rs 2.2 to Rs 1,265 per 10 kg in futures trade as speculators raised their bets.On the National Commodity and Derivatives Exchange, refined soya oil for February delivery moved up by Rs 2.2, or 0.17 per cent, to Rs 1,265 per 10 [...]
Centre allocates Rs 9,734 crore for railway development in Odisha
Bhubaneswar, Feb 3 (PTI) Odisha has received an allocation of about Rs 9,734 crore which is the highest budgetary provision made so far and more than the state’s demands for railway infrastructure and safety-related projects in the 2022-23 Union budget, a senior official said. Though railways did not officially release the allocation figure in view [...]
Guar seed futures decline on low demand
New Delhi, Feb 3 (PTI) Guar seed prices on Thursday eased by Rs 34 to Rs 6,199 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for February delivery was trading down by Rs 34, or 0.55 per cent, at Rs 6,199 per 10 quintal with an open interest [...]
Guar gum futures fall on low demand
New Delhi, Feb 3 (PTI) Guar gum prices on Thursday fell Rs 38 to Rs 11,550 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 fell by Rs 38 or 0.33 per cent to [...]
Kia India crosses 1 lakh cumulative export-mark
New Delhi, Feb 3 (PTI) Kia India on Thursday said it has crossed one lakh cumulative export-milestone since commencing overseas shipments in September 2019.The automaker has achieved the figure in less than two and a half years, reiterating its commitment to developing India as an export hub, the automaker said in a statement.Kia India said [...]
EKI Energy Services launches new arm for sustainability services
New Delhi, Feb 3 (PTI) Carbon credit developer and supplier EKI Energy Services Ltd (EKIESL) on Thursday announced the launch of its new arm for sustainability services. The new business arm will offer an exhaustive bouquet of strategic solutions such as ESG frameworks, Green Ratings & Credentials and Climate Advisory amongst others, that will enable [...]
Exim Bank extends LOC of USD 500 mn to Sri Lanka
Export-Import Bank of India (Exim Bank) Thursday said it has extended a line of credit of USD 500 million to Sri Lanka for financing the purchase of petroleum products. With the signing of the LOC agreement for USD 500 million, Exim Bank, to date, has extended 10 lines of credit to the Sri Lankan government [...]
Ind-Ra maintains ‘neutral’ outlook for power sector; demand growth to bounce back to normal in FY23
New Delhi, Feb 3 (PTI) India Ratings and Research (Ind-Ra) has maintained a 'neutral' outlook for the power sector for FY23 and expects the demand growth to come back to a normal level of 6 to 7 per cent in the next fiscal year. "India Ratings and Research (Ind-Ra) has maintained a neutral outlook for [...]
TCS to expand New Jersey operations; add 1,000 employees by 2023
New Delhi, Feb 3 (PTI) India's largest IT firm Tata Consultancy Services on Thursday said it will expand operations in New Jersey by hiring about 1,000 additional employees by 2023 to meet the growing needs of customers to digitally transform their businesses.To support a pipeline of local IT talent for the state, TCS will also [...]
HyperVerge joins leaders in NIST FRVT Paperless Travel Leaderboard
This test is the latest of recent facial recognition tests under the identification setting of 1:N that puts HyperVerge amongst the top in the industry and showcases its technology as a preference for authentication by face BENGALURU, India, Feb. 3, 2022 /PRNewswire/ -- HyperVerge, a Silicon Valley based AI company that provides KYC solutions, recently [...]
Triveni Engineering Q3 Results: Net Profit rises 37%; Revenue up at Rs 1,242 cr
Triveni Engineering and Industries Ltd (TEIL) has reported a 37% rise in its consolidated net profit to Rs 130.12 crore for the December 2021 quarter on higher revenue. The net profit of the company, which is into sugar and engineering businesses, stood at Rs 94.66 crore in the year-ago period. The total income also increased [...]
Vaidyaraj Anil says, ‘IBS, IBD, Crohn’s & Colitis – Say No to Antacids & Antibiotics. Understanding this is a Battle Half Won. Rest is fixing the Gut’
Vaidyaraj Anil & family, Superbug-Buster Antibiotic & ZeroCFU Probiotics Innovators India,3rd February 2022: Vaidyaraj Anil says, "Acidity, Bloating, GERD, IBS, IBD, SIBO, Chronic Constipation, Haemorrhoids (Piles), Crohn's & Ulcerative Colitis Only Get Worse with Antibiotics, Antacids or any Chemical Medicine. Understanding this, is a Battle Half Won. Rest is fixing the Gut Microbiome.” "Stay Away [...]
Toyota Kirloskar Motors temporarily stops Hilux bookings
New Delhi, Feb 3 (PTI) Toyota Kirloskar Motors on Thursday said it has temporarily stopped bookings for its newly launched premium utility vehicle Hilux, considering various factors impacting the supply amid heavy demand for the model.While launching the model last month, the company had commenced bookings with deliveries expected to begin in April, but it [...]
HealthHelp Partners with Highmark Wholecare to Manage Key Specialty Benefits Programs
Collaborative, education-based model will deliver better member outcomes, safety, and satisfaction Mumbai, Maharashtra, India & Houston, United States – Business Wire India HealthHelp, a WNS company and leading national specialty benefits management company independent of health plan ownership, today announced a partnership with Highmark Wholecare, formerly Gateway Health Plan, Inc., which cares for the total [...]
Cognizant logs USD 18.5 bn in full-year 2021 revenue; returns to double-digit annual revenue growth
New Delhi, Feb 3 (PTI) IT company Cognizant on Thursday posted over 10 per cent growth in its full-year 2021 revenue at USD 18.5 billion, as it returned to double-digit annual revenue growth for the first time since 2015. The Nasdaq-listed company added a record 33,000 new college graduate hires in India in 2021. The [...]
Audi launches new version of SUV Q7; price starting at Rs 79.99 lakh
New Delhi, Feb 3 (PTI) German luxury carmaker Audi on Thursday launched a new version of its flagship SUV Q7 in India with prices starting at Rs 79.99 lakh (ex-showroom) as it seeks to further accelerate growth in the country.The locally assembled vehicle is powered by a 3-litre petrol engine with a 48V mild-hybrid system [...]
Apollo Tyres shares decline over 4% after Q3 earnings
Shares of Apollo Tyres on Thursday dipped over 4 per cent after the company's consolidated net profit declined 49.54 per cent in the third quarter ended December 31. The stock declined 4.43 per cent to Rs 215.50 on the BSE. At the NSE, it tumbled 4.21 per cent to Rs 215.85. Apollo Tyres on Wednesday [...]
Kore.ai Named a Leader in 2022 Gartner® Magic Quadrant™ for Enterprise Conversational AI Platforms
Scale, Commercial Success, Completeness of Vision and Ability to Execute Put Company in the Leaders Quadrant, says Kore.ai ORLANDO, Fla., Feb. 2, 2022 /PRNewswire/ -- Kore.ai, a top conversational AI software platform and solutions provider, today announced that the company has been named a "Leader" in the first-ever Gartner Magic Quadrant for Enterprise Conversational AI [...]
Bryant University President Ross Gittell, Ph.D., appoints Rupendra Paliwal, Ph.D., as Provost and Chief Academic Officer
SMITHFIELD, R.I., Feb. 3, 2022 /PRNewswire/ -- Rupendra Paliwal, Ph.D., an experienced university provost and executive leader, has been named Bryant University Provost and Chief Academic Officer following a national search. Dr. Paliwal joins the leadership team of Bryant University President Ross Gittell, Ph.D., and will serve in a key role central to advancing initiatives [...]
Mahindra Finance Q3 Results: Consolidated net profit at Rs 992 cr
Mahindra and Mahindra Financial Services (Mahindra Finance) on Wednesday reported a consolidated net profit of Rs 992 crore for the December 2021 quarter. The company, catering to rural and semi-urban customers for buying new and pre-owned auto and utility vehicles, saw a growth of 28 cent in loan disbursals, improved collection efficiency as well as [...]
Union Budget: Rail projects in Pune, Mumbai get Rs 729 cr; Rs 19,102 cr for bullet train
Mumbai, Feb 2 (PTI) A sum of Rs 729.55 crore has been allocated in the Union Budget 2022-23 for various Metropolitan Transport Projects (MTPs) in Mumbai and Pune, while more than Rs 19,000 crore has be earmarked for the Mumbai-Ahmedabad bullet train project, according to budget documents released on Wednesday.'Pink book', a budget document containing [...]
MapmyIndia to acquire 9.9% stake in Pupilmesh
New Delhi, Feb 2 (PTI) Digital maps company CE Infosystem, which operates under the MapmyIndia brand, on Wednesday said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh. MapmyIndia expects the acquisition to support its business opportunity in the area of navigation, it said in a [...]
Par panel seeks uniform ticket cancellation charges across airlines
New Delhi, Feb 2 (PTI) A Parliamentary panel on Wednesday pitched for having uniform charges for cancellation of air tickets across airlines and expressed concerns that the charges are not regulated by the government. In its report tabled in the Rajya Sabha, the Department-related Parliamentary Standing Committee on Transport, Tourism and Culture appreciated the civil [...]
HSBC Insurance intends to buy PNB stake in Canara HSBC OBC Life Insurance
New Delhi, Feb 2 (PTI) HSBC Insurance (Asia Pacific) Holdings Ltd (INAH), one of the shareholders in Canara HSBC OBC Life Insurance Co Ltd, has expressed its intention to acquire Punjab National Bank's stake in the insurance company, according to a filing. "The bank has received a communication from HSBC Insurance (Asia Pacific) Holdings Ltd [...]
Drunk driving causes 8,355 road accidents in 2020; wrong-side driving leads to 20,228 mishaps
New Delhi, Feb 2 (PTI) Drunk driving led to 8,355 road accidents, while driving on the wrong side caused 20,228 mishaps during the calendar year 2020, Parliament was informed on Wednesday. In a written reply to Rajya Sabha, Minister of Road Transport and Highways Nitin Gadkari said a total of 3,66,138 road accidents occurred in India [...]
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