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Stock backed by Govt. of Singapore jumps 4% after receiving approval for ₹12,000 Cr Residential Project

A real estate stock backed by the Government of Singapore experienced a 5% surge in trading on Tuesday following the announcement of a significant project approval. The company secured the Real Estate Regulatory Authority (RERA) approval for a new development project with an estimated Gross Development Value (GDV) of Rs.9,000 crore.  Price Movement During Wednesday’s [...]

Textile stock skyrockets 13% after company’s net profit increases by 52% YoY

The shares of the textile company, one of the largest women's bottom-wear brands in India, jumped up to 13 percent after announcing its Q4 results, which showed a 52 percent year-on-year (YoY) increase in profit. Price action With a market capitalization of Rs. 4,255.91 crores on Wednesday, the shares of Go Fashion (India) Ltd jumped [...]

Fertilizer stock jumps after reporting 253% YoY increase in net profits

During Wednesday’s trading session, the shares of India’s leading agri-solutions provider offering diverse products and services across the farming value chain are in focus on the stock exchanges, after reporting Q4 FY25 financial results with a rise in net profit by around 14 percent QoQ and 253 percent YoY. Price Movements With a market capitalisation [...]

EV stock crashes after announcing its Q4 results

During Wednesday’s trading session, the shares of a company primarily engaged in the manufacturing of storage batteries moved down by nearly 5 percent on BSE, after the company reported financial results for Q4 FY25. Price Movements With a market capitalisation of Rs. 30,022 crores, at 03:17 p.m., the shares of Exide Industries Limited were trading [...]

Solar stock jumps 6% after receiving order worth ₹50 Cr for solar power plant

During Wednesday’s trading session, the price of a solar equipment manufacturing company surged up to 6% intraday after securing an order worth 50.52 crore from Braithwaite & CO. Limited Price movement With a market capitalization of Rs. 414.5 crores, on Wednesday, the shares of GP Eco Solutions India Ltd were trading up by close to [...]

Auto ancillaries stock in focus after company to invest ₹423 Cr for EV Powertrain Project

The share of the Auto Ancillaries - Electrical company recovered 3 percent from its day low after announcing a joint venture manufacturing of High Voltage EV powertrain products. Price Movements With the market capitalization of Rs 51,680 Crores, the share of Uno Minda Ltd is up by 0.99 percent compared to the previous close of [...]

When will Nifty 50 hit 25,000 and Bank Nifty break 56,000? Here’s everything you need to know

The Indian stock market has experienced a significant rally recently, with the Nifty 50 and Bank Nifty showing considerable consolidation now. As global and domestic market conditions continue to evolve, investors and traders are left wondering whether the Nifty 50 can climb above 25,000 and if the Bank Nifty can surpass 56,000 during this sideways [...]
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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 [...]
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Oct 12, 2024

₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years

Editor's Pick, News

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 [...]

Oct 12, 2024

Latest Market News

NEWSALERT

PE/VC invested Rs 5.5 lakh crore in startup, expert committee will be set up to suggest measures to help attract investment, says FM. PTI JD MR MR

NEWSALERT

International arbitration centre will be set up in GIFT city to provide faster dispute resolution, says FM. PTI JD ANZ MR MR

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Data centre and energy storage system to be given infrastructure status; move to provide easy financing: FM. PTI NKD MJH CS NKD ABM ABM

NEWSALERT

Sovereign green bonds to be issued to mobilise resources as part of govt's borrowing programme: FM. PTI NKD MJH CS NKD MR MR

Qlub Raises USD 17 Million in Seed Financing to Drive Future-Proof Restaurant Payments

Their instant payment solution will further help restaurants adapt to and scale alongside growing contactless preferences between both business and customer sides India – Business Wire India Qlub, a startup developing an ultra-fast payment solution for consumers in restaurants, has raised $17 million in seed financing. The investment is co-led by Cherry Ventures and Point [...]

NEWSALERT

World-class university to be allowed in GIFT IFSC free from domestic regulation, says FM. PTI DP ANZ DP ABM ABM

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Public investment must take lead to pump prime private investment and support demand: FM. PTI DP ANZ DP MR MR

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Effective capital expenditure will be Rs 10.68 lakh crore, or 4.1 pc of GDP, in 2022-23, says FM. PTI JD ABM ABM

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Financial support will be provided to farmers to take up agro-forestry: FM. PTI MJH NKD CS NKD ABM ABM

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Rs 19,500 cr additional allocation for PLI for manufacturing high efficiency solar modules has been made: FM. PTI DP ANZ DP ABM ABM

New scheme for North East to be launched: FM

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday proposed to launch a new scheme PM Development Initiative for North East, to promote the growth of the region. She also said that villages on the northern border of India will be covered under a new vibrant village programme to enhance development. As much [...]

NEWSALERT

Risks of climate change are strongest externalities for the world:FM. PTI NKD MJH CS NKD ABM ABM

All 1.5 lakh post offices in India to be connected to core banking system: FM

New Delhi, Feb 1 (PTI) All 1.5 lakh post offices in India will be connected to the core banking system that will enable people to access their account online and also transfer money within post office accounts and to other banks, Finance Minister Nirmala Sitharaman announced on Tuesday. "In 2022, 100 per cent of 1.5 [...]

Red Hot Yellow Metal Battles The Grey Market

The lure for gold continues as Niti Aayog suggests expanding the market for financial assets linked to the precious metal India’s love for gold is epic. We love to wear it, we love to gift it, and we love to store it too. India’s gods and goddesses are fond of the yellow metal and the [...]

Scheduled commercial banks to set up 75 digital banks in 75 districts: FM

New Delhi, Feb 1 (PTI) Scheduled commercial banks will set up 75 digital banks in 75 districts to encourage digital payments, Finance Minister Nirmala Sitharaman said on Tuesday.Presenting the Union Budget 2022-23, she also said e-passports with the embedded chip will be rolled out.Further, the finance minister said data exchange among all-mode operators will be [...]

NEWSALERT

68 per cent of capital for defence sector to be earmarked for local industry: FM. PTI MJH NKD CS NKD ABM ABM

NEWSALERT

400 new generation Vande Bharat trains to be manufactured in next 3 years: FM . PTI PRS SR RSN MR MR

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5 pc of USO Fund to be provided for R&D and technology upgradation: FM PTI DP ANZ DP ABM ABM

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Spectrum auction will be conducted to roll out 5G mobile services within 2022-23 by private firms, says FM. PTI JD ANZ ABM ABM

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2,000 km of rail network to be brought under indigenous technology KAWACH for safety and capacity augmentation: FM. PTI PRS SR RSN ABM ABM

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A completely paperless, e-bill system will be launched by ministries for procurement, says FM. PTI JD ANZ ABM ABM

NEWSALERT

Battery swapping policy to allow EV charging stations for automobiles will be framed, says FM. PTI JD ANZ ABM ABM

Natural farming will be promoted along Ganga river corridor: FM

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said natural farming will be promoted along the Ganga river corridor. In her Budget Speech 2022-23, she also informed that two lakh anganwadis will be upgraded for improving child health. A national tele mental health programme will also be launched for mental health counselling, [...]

NEWSALERT

Modern building by-laws will be introduced: FM. PTI MJH NKD CS NKD ABM ABM

Sensex rises over 800 points; Nifty over 17,500

Mumbai, Feb 1 (PTI) Equity benchmarks Sensex and Nifty extended their gains and were trading over 800 points higher in mid-session deals on Tuesday, as Finance Minister Nirmala Sitharaman began her Budget speech. The 30-share Sensex was trading 842.07 points or 1.45 per cent higher at 58,856.24, and the broader Nifty rose 165.50 points or [...]

NEWSALERT

Data exchange among all-mode operators to be brought in on unified logistics interface platform to enable efficient movement of goods: FM. PTI PRS SR RSN MR MR

ECLGS scheme to be extended till Mar 2023: FM

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday proposed to further extend the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023, with an expanded guarantee cover of Rs 5 lakh crore. She also said the draft DPRs (detailed project report) for five river links have been finalised and the implementation of [...]

NEWSALERT

All post offices to be linked with Core Banking Solution to push financial inclusion, says FM. PTI DP ANZ DP MR MR

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Next phase of ease of doing business, ease of living to be launched: FM. PTI MJH NKD CS NKD ABM ABM

NEWSALERT

Projects in National Infrastructure Pipeline which pertain to 7 engines will be aligned with PM Gati Shakti Framework: FM. PTI PRS RSN MR MR

NEWSALERT

75 digital banks in 75 districts will be set up by scheduled commercial banks to encourage digital payments: FM. PTI JD ABM ABM

NEWSALERT

A new scheme called PM Development Initiative for North East to be launched. PTI DP ANZ DP MR MR

NEWSALERT

Villages on northern border of India will be covered under a new vibrant village programme to enhance development: FM. PTI NKD MJH CS NKD ABM ABM

NEWSALERT

80 lakh affordable houses will be completed at Rs 44,000 cr under PM Awas Yojna in 2022-23. PTI NKD MJH CS NKD MR MR

NEWSALERT

95 per cent of 112 aspirational districts have made significant progress in health, infra, says FM. PTI JD ANZ JD ABM ABM

400 new Vande Bharat trains to be introduced: FM

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday proposed to introduce 400 new Vande Bharat trains and said contracts for multi-modal parks at four locations will be awarded next fiscal.She also said that a rationalised scheme to increase domestic oilseed production will be brought in to cut down imports."One product one railway [...]

NEWSALERT

For mental health counselling, a National Tele Mental Health Program will be launched: FM. PTI JD ANZ ABM ABM

National Highways to be expanded by 25,000 km in 2022-23: FM

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said the national highways will be expanded by 25,000 km during 2022-23 and the ropeway development plan will be taken up in the public-private partnership (PPP) mode. Sitharaman announced this while presenting the 2022-23 Budget in Parliament. She also said multimodal logistic parks will also [...]

NEWSALERT

Natural farming will be promoted along Ganga river corridor: FM. PTI MJH NKD CS NKD MR MR

NEWSALERT

2 lakh Anganwadis to be upgraded for improving child health, says FM. PTI DP ANZ DP ABM ABM

NEWSALERT

Recognising the importance of 'Nari Shakti', 3 schemes were launched to provide integrated development for women and children, says FM. PTI JD ANZ ABM ABM

NEWSALERT

Digital university to be set up to provide education; to be built on hub and spoke model: FM. PTI DP ANZ DP MR MR

Govt to pay Rs 2.37 lakh crore for procurement of wheat, paddy under MSP

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said the government will pay Rs 2.37 lakh crore towards procurement of wheat and paddy under MSP operations. The fiscal 2022-23 has been announced as International Year of Millets, the finance minister said while presenting the Union Budget for 2022-23. PTI MBI RKL MKJ

NEWSALERT

1-Class-1-TV Channel to be implemented to provide supplementary eduction to children to make up for loss of formal education due to Covid. PTI NKD MJH CS NKD MR MR

NEWSALERT

Hospitality services by small and medium sector yet to bounce back, says FM. PTI JD ANZ JD ABM ABM

This Budget will continue to provide impetus to growth: FM

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday said that this year's Budget would continue to provide impetus to growth.The economic recovery is benefitting from public investments and capital spending, she said in her Budget 2022-23 speech.She added that inclusive development, productivity enhancement, energy transition and climate action are four pillars of [...]

NEWSALERT

Startups will promoted for Drone Shakti: FM PTI NKD MJH CS NKD ABM ABM

NEWSALERT

Rs 6,000 crore programme to rate MSMEs to be rolled out over 5 years, says FM. PTI JD ANZ JD ABM ABM

Railways to develop new products for small farmers, MSMEs: FM

New Delhi, Feb 1 (PTI) Railways will develop new products for small farmers and MSMEs, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting the Union Budget for 2022-23, she noted that efforts of central and state governments are leading to jobs and entrepreneurial opportunities. She further said national highways will be extended by 25,000 km [...]

NEWSALERT

Implementation of Ken-Betwa rivers linking with estimated cost of Rs 44,605 cr to be taken up: FM. PTI NKD MJH PTI NKD ABM ABM

NEWSALERT

Govt to pay Rs 2.37 lakh crore towards procurement of wheat and paddy under MSP operations: FM. MJH NKD CS NKD ABM ABM

NEWSALERT

Railways will develop new products for small farmers and MSMEs: FM. PTI NKD MJH CS NKD ABM ABM

NEWSALERT

PM Gati Shakti for road transport masterplan to be finalised in 2022-23: FM. PTI DP ANZ DP ABM ABM

NEWSALERT

Economic recovery benefitting from public investment and capital spending, says FM. PTI JD ANZ JD ABM ABM

NEWSALERT

2022-23 has been announced as International Year of Millets: FM. PTI DP ANZ DP MR MR

NEWSALERT

This Budget continues to provide impetus to growth: FM. PTI NKD MJH CS NKD ABM ABM

NEWSALERT

A rationalised scheme to increase domestic oilseed production will be brought in to cut down imports, says FM. PTI JD ANZ JD MR MR

NEWSALERT

Strategic transfer of Air India ownership has been completed; strategic buyers for NINL have been selected, says Sitharaman. PTI JD JD ABM ABM

NEWSALERT

One product one railway station will be popularised, 400 new Vande Bharat trains to be introduced: FM. PTI MJH NKD CS NKD MR MR

NEWSALERT

Efforts of central, state governments leading to jobs, entrepreneurial opportunities; says FM. PTI JD ANZ JD MR MR

GIC Housing shares jump over 5 pc after strong earnings

New Delhi, Feb 1 (PTI) Shares of GIC Housing Finance on Tuesday jumped over 5 per cent after the company reported a 25.5 per cent increase in its standalone net profit in the quarter ended December 2021. The stock gained 5.08 per cent to Rs 167.25 on the BSE. At the NSE, it jumped 5.46 [...]

NEWSALERT

National Highways will be extended by 25,000 km during 2022-23. PTI NKD MJH CS NKD MR MR

NEWSALERT

PM Gati Shakti masterplan is based on 7 engines of growth: FM. PTI MJH NKD CS MR

NEWSALERT

We are in midst of Omicron wave, says FM. PTI NKD MJH CS PRS ABM ABM

NEWSALERT

Inclusive development, productivity enhancement, energy transition and climate action four pillars of development: FM. PTI DP ANZ MR

NEWSALERT

Big private investment in infra would be guided by Gati Shakti: FM. PTI DP ANZ MR

NEWSALERT

NARCL has commenced its activity, says FM. PTI DP ANZ MR

Bajaj Auto posts 15% decline in sales to 3,63,443 units in Jan

New Delhi, Feb 1 (PTI) Bajaj Auto Ltd on Tuesday reported a 15 per cent decline in total sales to 3,63,443 units in January 2022. The company had sold 4,25,199 units in the same month last year, Bajaj Auto said in a regulatory filing. Total domestic sales stood at 1,49,656 units last month as against [...]

NEWSALERT

Sharp rebound in economy reflected in 2021-22, growth expected at 9.2%, says Finance Minister Nirmala Sitharaman. PTI JD ANZ MR MR

NEWSALERT

Speed in coverage of vaccination has helped in economic recovery, says FM. PTI DP ANZ DP MR MR

Tata Motors shares decline nearly 4% after earnings

New Delhi, Feb 1 (PTI) Shares of Tata Motors on Tuesday declined nearly 4 per cent after the company reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 2021. The stock fell 3.66 per cent to Rs 498.55 on the BSE. On the NSE, it dropped 3.68 per cent [...]

Vicarius Announces Technology Partnership Agreement with Redington

NEW YORK and CHENNAI, India, Feb. 1, 2022 /PRNewswire/ -- Vicarius, an Israel-based startup providing a full suite of vulnerability management tools, today announced a partnership with Redington India Limited, the largest IT software & products distributor in India. Redington will add Vicarius to its portfolio of over 245+ international brands in IT and Mobility [...]

MG Motor India’s retail sales rise 20% in January

New Delhi, Feb 1 (PTI) MG Motor India on Tuesday said its retail sales increased 20 per cent to 4,306 units in January as compared to the same period a year ago. The auto maker had retailed 3,602 units in January 2021. "The supply remains affected due to the ongoing global semiconductor shortage, which has led [...]

Budget for world’s fastest growing economy: 6 Key numbers to be watched

Finance Minister Nirmala Sitharaman will be presenting her fourth Budget that will aim at maintaining the world's fastest-growing economy tag for India. Here are the key numbers to watch out for in the Budget for 2022-23, which is widely expected to boost spending towards policies that create jobs, boost manufacturing, helping rural and agri-economy and [...]

Star Localmart inaugurates its 50th Store

KOLHAPUR and PUNE, India, Jan. 31, 2022 /PRNewswire/ -- Star Localmart, the retail arm of Sanjay Ghodawat Group (SGG), celebrates the opening of its 50th store, marking a significant milestone for the company. With strategically placed locations across Maharashtra and Karnataka, it is delighted to mark the launch of its 48th, 49th, and 50th stores [...]

BingX Secures Compliance Licenses in the United States and Canada to Further Improve the Global Security System

SINGAPORE, Jan. 31, 2022 /PRNewswire/ -- Social crypto trading platform BingX received official approval in the United States and Canada to operate as a Money Services Business (MSB) exchange under regulatory control. BingX prides itself on being compliant, adhering to regulatory practices and industry standards across the board. Obtaining the US and Canadian licenses marks [...]

Launch of Sonato Alliance Transforms Reciprocity for Private Member’s Clubs

The world's best independent social clubs form an alliance that unlocks global access for their members SAN FRANCISCO, Jan. 31, 2022 /PRNewswire/ -- Today, Sonato® announced the launch of Sonato Alliance, the rapidly-growing invitation-only network of the world's best independent private social clubs. Offering members the opportunity to connect with other creators, innovators and visionaries, [...]

Edelweiss Q3 Results: Consolidated net Profit falls to Rs 127 cr on lower revenue

Mumbai, Jan 31 (PTI) Edelweiss Financial Services on Monday reported a consolidated net profit of Rs 127.4 crore for the December quarter, as against net loss of Rs 135.2 crore in the same period previous year even though its revenue fell during the quarter. The company said the numbers are excluding those of the insurance [...]

Dubai firm to launch world’s first hydrogen-powered flying boat

Dubai, Jan 31 (PTI) World's first hydrogen-powered flying boat is all set to be manufactured and launched in Dubai. Swiss startup THE JET ZeroEmission has signed an agreement with UAE-based Zenith Marine Services and US-based DWYN to manufacture and operate 'The Jet'. "World's first hydrogen-powered flying boat, ‘THE JET’, set to be manufactured and launched [...]

Corporate Affairs Secy Rajesh Verma gets additional charge of Dept of Financial Services

New Delhi, Jan 31 (PTI) Corporate Affairs Secretary Rajesh Verma has been given additional charge of the Department of Financial Services in place of Debasish Panda who retired on Monday, a Personnel Ministry order said.The competent authority has approved assignment of additional charge of the post of Secretary, Department of Financial Services to Verma with [...]

South African ETF trader Satrix launches new India investor fund

Johannesburg, Jan 31 (PTI) South Africa's leading Exchange Traded Funds (ETF) trader Satrix on Monday launched a new fund that creates investment opportunities in top Indian companies.Satrix said that as one of the largest and fastest growing economies in the world, India represents a unique investment opportunity among emerging markets."We’re pleased to announce the opening [...]

Kesoram repays Rs 285 cr of outstanding debt

Kolkata, Jan 31 (PTI) B K Birla Group flagship company Kesoram Industries on Monday said it has repaid Rs 285 crore of its outstanding debt.The company had earlier repaid Rs 55 crore.The remaining outstanding debt is Rs 1,708 crore.“The primary objective of the rights was to retire debt. The unlisted Optionally Convertible Debentures of face [...]

Over 700 people avail SDMC online service of e-waste disposal

New Delhi, Jan 31 (PTI) The South Delhi Municipal Corporation's (SDMC) online facility for the disposal of electronic-waste has been garnering a good response as over 700 people has availed the service, Mayor Mukesh Suryan said on Monday.  Suryan said the civic agency has disposed of a large quantity of e-waste generated from the area [...]

CSC starts providing demat account, digital PAN card service

New Delhi, Jan 31 (PTI) Government-promoted CSC E-Governance Services India on Monday said it has partnered with Stockholding Corporation of India to launch the demat account opening service to people. Apart from the demat account, citizens can also now get their PAN card made digitally through CSC by uploading all the required documents and the [...]

Food processing receives FDI worth $410.62 mn during Apr-Sep 2021: Survey

New Delhi, Jan 31 (PTI) Foreign direct investment (FDI) in the food processing industry has nearly doubled to USD 410.62 million during April-September this fiscal, according to the Economic Survey, tabled in Parliament on Monday. In the sector, 100 per cent FDI is permitted under the automatic route. However, in the case of trading in [...]

West Bengal govt to rope in graduates as interns

Kolkata, Jan 31 (PTI) Students graduating from colleges with 60 per cent marks would be roped in for a paid internship by the West Bengal government for a year, Chief Minister Mamata Banerjee announced on Monday.Announcing the 'Students Internship Programme 2022', Banerjee said 6,000 students will get the opportunity every year at a monthly remuneration [...]

BVG India sees topline at Rs 2,000 cr this fiscal, to double headcount by FY25

Mumbai, Jan 31 (PTI) IPO-bound BVG India, the largest pureplay facility management player that lists the Parliament House, Rashtrapati Bhawan, the 7 RCR, Supreme Court, and the RBI headquarters among dozens of other key installations as its clients, hopes to cross the Rs 2,000-crore revenue mark this fiscal as it looks to focus more on [...]

NTPC arm NVVN acquires 5% equity stake in PXIL

New Delhi, Jan 31 (PTI) Power giant NTPC on Monday said its arm NTPC Vidyut Vyapar Nigam Ltd (NVVN) has acquired a five per cent equity stake in Power Exchange of India Ltd (PXIL). NVVN purchased the stake from NSE Investment Ltd, a co-promoter shareholder of PXIL, on January 31, 2022, according to a statement. [...]

Bihar govt inks pact with Tata Technologies to upgrade ITIs

The Bihar government on Monday signed a deal with Tata Technologies as part of which the company will transform nearly 150 Industrial Training Institutes (ITI) across the state into Centres of Excellence (COEs). According to a statement issued by the company, the Memorandum of Agreement was inked here in the presence of Labour Resources Development [...]

GIC Housing Finance Q3 Results: Net Profit rises 26% to Rs 76 cr

New Delhi, Jan 31 (PTI) GIC Housing Finance on Monday reported a 25.5 per cent increase in its standalone net profit at Rs 76.53 crore in the quarter ended December 2021. The company had registered a net profit of Rs 61 crore in the same quarter a year earlier. Sequentially, the net profit was higher [...]

Survey GDP forecast of 8-8.5% optimistic, ignores prevailing risks, say experts

New Delhi, Jan 31 (PTI) The Economic Survey's GDP forecast of 8-8.5 per cent for the next fiscal is optimistic as it is based on several positive assumptions, some of which may not hold owing to evolving geo-political developments and the uncertain trajectory of COVID-19, experts and a section of the industry said on Monday. [...]

Non-food credit grows 9.3% in Dec: RBI data

Mumbai, Jan 31 (PTI) Banks' non-food credit growth accelerated to 9.3 per cent in December from 6.6 per cent in the same period of the last year, according to the latest data from the Reserve Bank of India (RBI). Credit to agriculture and allied activities continued to perform well, registering a robust growth of 14.5 [...]

Polytrade launches Mainnet to provide working capital to SMEs using crypto liquidity

New Delhi, Jan 31 (PTI) Polytrade finance on Monday announced the launch of its fully functional blockchain platform 'Mainnet' to provide working capital to small and medium enterprises (SMEs) in the real world using crypto liquidity.The launch of Polytrade Mainnet is a significant step as it would harness huge liquidity in the crypto world to [...]

Non-food credit grows to 9.3% in Dec: RBI data

Mumbai, Jan 31 (PTI) Banks' non-food credit accelerated to 9.3 per cent in December from 6.6 per cent in the same period of the last year, according to the latest data from the Reserve Bank of India (RBI). Credit to agriculture and allied activities continued to perform well, registering a robust growth of 14.5 per [...]

SBI, Tata Power tie up for financing solar projects

Mumbai, Jan 31 (PTI) State Bank of India (SBI) on Monday said it has entered into an agreement with Tata Power Solar Systems for financing of solar projects. The lender has also set up a dedicated centralized processing cell - 'Surya Shakti Cell', at the Ballard Estate in Mumbai, a press release said. The cell [...]

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