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IT stock under ₹ 100 jumps 6% after receiving contracts from Swedish and USA firm
The shares of this smallcap company surged around 6 percent after securing two significant contracts marking its expansion into international markets and the healthcare sector. In just six months, the stock has delivered more than a 40 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 1,543 crores, the shares of [...]
Adani group stock jumps 8% after receiving $375 Mil to expand gas distribution business
In Monday’s trading session, the shares of India’s leading City Gas Distribution (CGD) company surged 8.4 percent to Rs. 854.65, after the company secured $375 million funding to expand its city gas distribution (CGD) business. At 12:00 p.m., the shares of Adani Total Gas Limited were trading in the green at Rs. 834.6, up by [...]
Why did Fusion Micro Finance fall by 10%?; Check the reason
Shares of this NBFC stock fell 10 percent following the disclosure of increased credit losses for Q2 FY25, with the decline further intensified by a downgrade from brokerage firm Investec. Share Price Movement Shares of Fusion Micro Finance Limited hit a 10 percent lower circuit, dropping to Rs.274.7 per share from its previous close of [...]
Maharatna stock jumps after receiving order worth ₹ 6,100 Cr from NTPC
On Monday’s trading session, the shares of India’s flagship engineering and manufacturing company surged 3 percent to Rs. 274.2, after the company secured an order worth more than Rs. 6,100 crores from NTPC Limited (a Govt. of India Enterprise). At 11:24 a.m., the shares of Bharat Heavy Electricals Limited (BHEL) were trading in the green [...]
Mukul Agrawal stock hits 5% upper circuit after receiving order worth ₹ 200 Cr from Indian Railways
The shares of this smallcap company locked a 5 percent upper circuit after receiving an order of over Rs. 200 crores from Indian Railways. The stock has delivered more than 140 percent return to its shareholders in one year. Price Movement: With a market capitalization of Rs. 1,468 crores, the shares of Hind Rectifiers Ltd [...]
Stock hits 5% upper circuit after signing agreement with Reliance Group
Microcap stock engaged in offering a full suite of visual effects services, including VFX for films, television, Web series, and many more, hit a 5 percent upper circuit in the day’s trade upon signing a strategic agreement with Reliance Group Firm. Price Action With a market capitalization of Rs. 285 Crores, the shares of Digikore [...]
Stock hits 5% upper circuit after receiving order worth ₹ 5.90 Cr from Larsen & Toubro
The shares of this micro company hit 5 percent upper circuit of Rs 132.05 per share after the company received a prestigious order from Larsen & Toubro Limited worth Rs 5.90 crore. With a market capitalization of Rs 160.28 crore, the shares of Arvind & Company Shipping Agencies Ltd were trading at Rs 132.05 per [...]
Telecom stock jumps 12% after signing deal worth $3.6 Bil with Nokia, Ericsson and Samsung
Shares of this leading telecom stock surged incredibly by around 12 percent after securing a $3.6 billion (approx. Rs.30,000 crore) deal with global telecom equipment suppliers Nokia, Ericsson, and Samsung. Share Price Movement Shares of Vodafone Idea Limited rose nearly 11.7 percent to an intraday high of Rs.11.71 per share from its previous close of [...]
Stocks in Focus: 3 Stocks whose upper circuit increased from 10% to 20%
The Bombay Stock Exchange (BSE) raise the circuit limit for a stock to enhance market stability and mitigate excessive price fluctuations. This circuit limit indicates the maximum price movement—either up or down—that a security can experience in a single trading session, based on the previous day's closing price. The BSE regularly reviews and adjusts circuit [...]
Infra stock jumps 3% after receiving orders worth ₹ 1,003 Cr for multiple projects
The shares of infrastructure companies gained 3 percent after the company received a significant work order worth Rs 1,003 crore across its various businesses. KEC International Ltd has a market capitalization of Rs 24,617.50 crore, the shares were trading at Rs 957.15 per share, increasing around 1.54 percent as compared to the previous closing price [...]
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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
Embassy REIT Announces Q3 FY2022 Results, Raises Full Year Guidance Given Accelerated Leasing Activity
Bangalore, Karnataka, India – Business Wire India • Executes 428k square feet leases, raises full year leasing guidance to 1 msf • Grows Net Operating Income by 30% YoY, distributing Rs 493 crores to Unitholders, 83% tax-free • Delivers 1.1 msf JP Morgan campus at ETV, kick-starts next growth cycle with 1.9 msf new development [...]
Safe-O-Kid’s ‘Convertible Baby High Chair’ Range Becomes Amazon Best Seller
28th January 2022, Gurugram – Safe-O-Kid, India’s leading baby products brand focused 100% on safety of children up to 12 years, has recently added another product range to its Amazon Best Seller and Amazon Choice list. Owing its wide variety and choices, best quality and economical prices, this time Safe-O-Kid’s ‘Convertible Baby High Chair’ range [...]
ESOP management platform ZenEquity partners with IPO-bound OYO
New Delhi, Jan 28 (PTI) Employee stock option management platform ZenEquity on Friday said it will offer its services to the staff and alumni of IPO-bound travel tech firm OYO. Under a tie-up between the two companies, ZenEquity's platform will provide an end-to-end solution that would make viewing, managing and exercising Employee Stock Ownership Plan [...]
‘High raw material prices, lower sales volume to dent operating profit of tractor makers in FY22’
Mumbai, Jan 28 (PTI) Operating profitability of tractor makers is set to shrink by 300-400 basis points in the ongoing fiscal year owing to a sharp increase in raw material prices, primarily steel, along with lower sales volume, ratings agency Crisil said on Friday. Crisil also said it expects domestic tractor sales volume to decline [...]
Guar seed futures decline on low demand
New Delhi, Jan 28 (PTI) Guar seed prices on Friday declined by Rs 4 to Rs 6,415 per 10 quintals in the futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for the February delivery was trading down by Rs 4, or 0.06 per cent, at Rs 6,415 per 10 quintals with [...]
Guar gum futures gain on spot demand
New Delhi, Jan 28 (PTI) Guar gum prices on Friday gained Rs 7 to Rs 12,105 per five quintals in the futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for the February delivery traded higher by 0.06 per cent, or Rs 7, to [...]
Iss baar Ranneeti nahi Rajneeti hogi: MX Player drops the teaser of Raktanchal 2 on Republic Day
Celebrating India's 73rd Republic Day on which the Constitution of India came into effect, MX Player released the teaser of its political drama - MX Original Series Raktanchal 2. With Rajneeti at the core of changing equations in Purvanchal, the highly anticipated web series is set in the backdrop of deceit, revenge, bloodshed and power [...]
Power Mech Projects witnesses multifold jump in net profit to Rs 32.7 cr in Dec quarter
New Delhi, Jan 28 (PTI) Power Mech Projects posted a multifold jump in consolidated net profit to Rs 32.75 crore in the December 2021 quarter, on the back of higher revenues. The company had reported a consolidated net profit of Rs 3.15 crore in the corresponding quarter last year, according to a BSE filing. Its [...]
Atul Ltd Q3 Results: Consolidated net profit falls Rs 17.6%
New Delhi, Jan 28 (PTI) Gujarat-based chemicals manufacturer Atul on Friday reported a decline of 17.56 per cent in its consolidated net profit to Rs 156.91 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 190.35 crore during the October-December quarter of the previous fiscal, Atul said [...]
HT Media Q3 Results: Consolidated net profit jumps 400%
New Delhi, Jan 28 (PTI) HT Media Ltd on Friday reported a nearly five-fold jump in its consolidated net profit at Rs 51.23 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 10.33 crore during the October-December quarter of the previous fiscal, HT Media said in a [...]
PNB looking to further dilute its stake in UTI Mutual Fund
New Delhi, Jan 28 (PTI) State-owned Punjab National Bank (PNB) on Friday said it is looking to further monetise its stake in UTI Mutual Fund as part of its non-core asset sale plan to shore up its capital base. The bank has categorised non-core assets into two heads -- real estate and investment assets. "We [...]
Sebi to auction Ramel Industries’ properties on Feb 24
New Delhi, Jan 28 (PTI) Capital markets regulator Sebi will auction properties of Ramel Industries for a total reserve price of Rs 19 crore on February 24 in order to recover money raised by the company from public through illicit schemes. The properties to go under the hammer include land parcels, agricultural land, office premises and [...]
Embassy REIT Q3 Results: Net operating income up 30% at Rs 621cr; to distribute Rs 493cr to unitholders
New Delhi, Jan 28 (PTI) Embassy Office Parks REIT on Friday reported 30 per cent increase in net operating income to Rs 621.3 crore for the quarter ended December 2021 and announced distribution of Rs 493 crore to unitholders. Michael Holland, Chief Executive Officer of Embassy REIT, said, the company's performance was good despite COVID [...]
Crude oil futures rise on spot demand
New Delhi, Jan 28 (PTI) Crude oil prices rose Rs 11 to Rs 6,566 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 11, or 0.17 per cent, to Rs 6,566 per barrel in 11,579 [...]
Dr Reddy’s Q3 Results: Consolidated net profit jumps 3468% YoY
Hyderabad, Jan 28 (PTI) Dr Reddy's Laboratories on Friday reported a multi-fold jump in consolidated net profit at Rs 706.5 crore for the third quarter ended December 31, 2021. The drug major had logged a net profit of Rs 19.8 crore in the same period of 2020-21. Revenues stood at Rs 5,319.7 crore during the [...]
Avon Leads the Way
Ludhiana, Punjab, India – Business Wire India A humble beginning Avon Cycles Ltd is the oldest and pioneer cycle manufacturer whose Promethean ability made them the third-largest manufacturer in the enormous Indian bicycle industry. Avon Cycles began modestly with a brake and bicycle saddle unit in the year 1948. Its diligence and zeal led to [...]
Piramal Group plans to move Supreme Court challenging NCLAT order on DHFL
New Delhi, Jan 28 (PTI) The Piramal Group on Friday said it is planning to move the Supreme Court to appeal against an order by insolvency appellate tribunal NCLAT, which sent back its winning bid for DHFL to the debt-laden finance company's lenders for reconsidering the valuation. Piramal Capital & Housing Finance Ltd in a [...]
Selling S-400 missile system to India shines a spotlight on Russia’s ‘destabilising role’: US
Washington, Jan 28 (PTI) Russia selling the S-400 air defence missile system to India shines a spotlight on the "destabilising role" that Moscow is playing in the region and potentially beyond as well, the United States has said.In October 2018, India signed a USD 5 billion deal with Russia to buy five units of the [...]
Central Bank Q3 Results: Net profit up 69%; Net NPAs reduced to 4.4%
New Delhi, Jan 28 (PTI) Central Bank of India on Friday reported 69 per cent jump in net profit at Rs 279 crore for the quarter ended December 2021 on the back of healthy growth in core income and fall in bad loan proportion. The bank had posted a net profit of Rs 165 crore [...]
MUMBAI, JAN 28 (PTI)
OPENING RATES SILVER SPOT (IN RS PER KILO): 61683.00 STANDARD GOLD (99.5) : 47988.00 PURE GOLD (99.9) : 48181.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 63100.00 RS. PER KG.SILVER RDY.(PORTION) : 63200.00 RS. PER KG.GOLD (24 CARAT) RDY. : 49150.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46650.00 RS. PER 10 GMS.HALLMARKED GOLD(22 CARAT) [...]
Nissan exporting SUV Magnite to 15 global markets
New Delhi, Jan 28 (PTI) Automaker Nissan on Friday said its compact SUV Magnite is now being exported to 15 global markets in total, following an incredibly successful first year on sale. The model, produced at the company's Chennai-based manufacturing plant, was launched in December 2020 and has since gone on to achieve 78,000 cumulative [...]
Money Market Operations as on JAN 27, 2021
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,33,203.75 4.04 2.20-5.95 I. Call Money 8,548.01 3.68 2.20-4.25 II. Triparty Repo 4,04,920.20 4.04 3.35-4.25 III. Market Repo 1,19,687.54 4.04 2.50-4.45 IV. Repo in Corporate Bond 48.00 5.95 5.95-5.95 B. Term Segment I. Notice Money** [...]
Delay in diagnosis, stigma & incorrect treatment major challenges in tackling TB: Official
New Delhi, Jan 28 (PTI) Delay in diagnosis, stigma and incorrect treatment are major challenges in tackling tuberculosis and the corporate sector can play an important role in addressing them, a senior health ministry official said. Addressing a corporate summit on TB and lung health organised by ASSOCHAM, Dr Rajendra Joshi, DDG (TB), Central TB [...]
Kia India appoints MyungSik Sohn as Chief Sales Officer
New Delhi, Jan 28 (PTI) Kia India on Friday said it has appointed MyungSik Sohn as Chief Sales Officer with immediate effect. In his new role, Sohn will oversee the planning and execution of sales strategies aimed at driving the automaker's growth. He will also collaborate with Kia India's current leadership to expand the brand's [...]
Why is Google investing in Bharti Airtel, after Mukesh Ambani’s Jio?
Google is in final talks with Airtel and is about to invest $1 billion, subject to regulatory approvals.Analysts say that it has already invested in its rival Jio and it is willing to make a risky investment in Airtel, so it might have had really strong reasons for it.Google and Airtel are willing to work [...]
Engineering Analytics platform, Hatica emerges from stealth with US$900,000 pre-seed funding
GURGAON, India and SAN FRANCISCO, Jan. 28, 2022 /PRNewswire/ -- Engineering Analytics platform, Hatica has emerged from stealth with a $900,000 pre-seed funding, led by Kae Capital and followed by Titan Capital, iSeed Ventures, and angel investor GBS Bindra (CEO of Charmboard). Hatica was founded by former Uber engineers Naomi Chopra and Haritabh Singh, who [...]
Budget should boost consumption demand by offering tax breaks, cutting fuel taxes: Report
Mumbai, Jan 28 (PTI) The forthcoming budget needs to delay fiscal consolidation, instead should focus more on supporting the pandemic battered-economy and boost consumption demand by offering income tax soaps and cutting fuel taxes, says a report. In a pre-budget report, India Ratings said it expects the new budget to consolidate and strengthen the plan [...]
Making motherhood magical with Babybless- A new venture by Ferns N Petals
• New Vertical into Baby Planning Services • Information solutions for maternity and child care and other services NEW DELHI, Jan. 28, 2022 /PRNewswire/ -- Gifting giant, Ferns N Petals launches the new vertical-Babybless that celebrates motherhood by making every moment special. The brand is a comprehensive service provider for all baby-care needs, starting as [...]
Get High FD Rates with Bajaj Finance to Build an Emergency Fund
Pune, Maharashtra, India (NewsVoir) When planning finances, it is crucial to account for unexpected expenses. These occur without any warning in most cases, and if one doesn’t have a safety net in place, it could become a cause of concern. To deal with the costs, one may have to dip into their savings or even [...]
Glenmark gets USFDA nod for generic drug
New Delhi, Jan 28 (PTI) Glenmark Pharmaceuticals on Friday said its US-based unit has received approval from the US health regulator to market Metronidazole Vaginal gel, in the American market. The drug firm has received final approval by the United States Food & Drug Administration (USFDA) for its product which is a generic version of [...]
LIC Housing Finance shares jump nearly 13% post earnings
New Delhi, Jan 28 (PTI) Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021. The stock jumped 12.63 per cent to Rs 389 on the BSE. On the NSE, it rallied 12.59 [...]
Untapped: board’s influence on digital transformation
Author: Rohit Kalro, Head of Digital Transformation and Strategy Advisory for Thoughtworks in India Digital has always been looked at as a supporting or enabling capability for businesses. This could be in the form of digital marketing or being the information technology backbone to power a company ahead. The last couple of years have taught [...]
TVS Motor Company Acquires Switzerland’s Largest E-bike Player – Swiss E-Mobility Group AG (SEMG)
Chennai, Tamil Nadu, India (NewsVoir) TVS Motor Company today announced the successful acquisition of a 75% stake in the Swiss E-Mobility Group (SEMG). The acquisition reaffirms TVS Motor Company’s commitment to expansion in Europe through a portfolio of premium and technology leading brands, including Norton Motorcycles and EGO Movement, which were recently acquired. SEMG is [...]
China Matters explores Zhongshan Products in Daily Life
BEIJING, Jan. 27, 2022 /PRNewswire/ -- One hundred years ago, Dr. Sun Yat-sen, the forerunner of the Chinese revolution, proposed to build Guangdong Province of China into a world-class commercial port and industrial hub. Today, Sun's wish has come true in his hometown, Zhongshan City of Guangdong Province. Zhongshan is now an important node in [...]
GigaSpaces Announced as Winner in the 2021 Digital Transformation & Operational Excellence Awards
The provider of Digital Integration Hub (DIH) software solutions was recognized for the "Best Achievement in an Enterprise Architecture Program" Award for its work with leading European automaker Groupe PSA, supporting its efforts to reduce CO2 emissions NEW YORK, Jan. 27, 2022 /PRNewswire/ -- GigaSpaces, the leading provider of Digital Integration Hub ("DIH") software solutions [...]
University of Essex extends School Membership Scheme in India
More partner schools invited to benefit from being up-to-date with current higher education issues and applying to UK universities plus invites to University of Essex events and support through the year NEW DELHI, Jan. 27, 2022 /PRNewswire/ -- The University of Essex, a dedicated UK-based public research university that supports the overall development of students, [...]
ProcessMAP Enables Sterling and Wilson in Digital Transformation, and Drive EHS and Sustainability Excellence
250+ solar construction sites leverage ProcessMAP's Mobile-First EHS software platform to keep workers safe and deliver reliable projects to its customers. MUMBAI, India and FT. LAUDERDALE, Fla., Jan. 27, 2022 /PRNewswire/ -- ProcessMAP Corporation, the leading digitization and process transformation platform that empowers customers to minimize Health, Safety, and Environmental (HSE) risks, announced today that [...]
US corporate sector congratulates Tata group on homecoming of Air India
Washington, Jan 28 (PTI) US-India Business Council, a top American corporate body, has congratulated the Tata group for regaining the management and control of Air India airlines and commended Prime Minister Narendra Modi government for its asset monetisation programme.The Tata Group on Thursday regained control of Air India, 69 years after the Mumbai-based conglomerate relinquished [...]
USISPF recommends urgent action to address distortions and inefficiencies in the banking sector
Washington, Jan 28 (PTI) Days ahead of the annual budget, a top American business advocacy group, in a set of recommendations to the India’s Union Finance Minister, has recommended urgent action to address the distortions and inefficiencies arising out of regulatory mandates in the banking sector.Finance Minister Nirmala Sitharaman is scheduled to present her annual [...]
Bengal govt holds meeting on jute crisis; 2 more mills shut operations
Kolkata, Jan 27 (PTI) As jute mills continue to down shutters in West Bengal owing to unavailability of raw materials at the price fixed by the government, the Jute Commissioner came under fire at a meeting chaired by state Labour Minister Becharam manna in presence of representatives of trade unions and mills on Thursday, sources [...]
Honour to receive Padma Bhushan: Microsoft CEO Satya Nadella
New York, Jan 27 (PTI) Microsoft CEO Satya Nadella on Thursday said it is an honour for him to receive the Padma Bhushan, the third-highest civilian award and he looks forward to continuing to work with people across India to help them use technology to achieve more.On the eve of its 73rd Republic Day, India [...]
India, central Asian countries pitch for boosting trade, connectivity
New Delhi, Jan 27 (PTI) India and leaders of five central Asian countries on Thursday announced setting up of a joint working group to boost connectivity to the region through the Chabahar port in Iran.During the India-Central Asia Summit hosted by Prime Minister Narendra Modi with presidents of Kazakhstan, Kyrgyz Republic, Uzbekistan, Turkmenistan and Tajikistan, [...]
Banking, debt market system needs to improve for growth of industry, economy: TN Finance Minister
Chennai, Jan 27 (PTI): Banking and debt market system needs to see a lot of improvement to support the growth of industry and economy, Tamil Nadu Minister Palanivel Thiaga Rajan said on Thursday. The Minister for Finance and Human Resources Management said start-up culture was growing in Tamil Nadu and that many of the technologies [...]
AUS bags Rs 15 cr project from Survey of India to map Haryana
New Delhi, Jan 27 (PTI) Drone technology start-up Aarav Unmanned Systems (AUS) on Thursday said it has bagged a large-scale mapping project from the Survey of India worth USD 2 million (about Rs 15 crore) to map the entire state of Haryana. The state is spread over an area of around 32,000 square kilometers, the [...]
Tamil Nadu becomes 26th state to align with Centre’s telecom RoW rules
New Delhi, Jan 27 (PTI) Tamil Nadu has become the 26th state to issue Right of Way (RoW) rules for easing telecom infrastructure rollout in the state, in line with the guidelines issued by the Centre in November 2016, as per telecom industry bodies. Delhi, Gujarat, Kerala and the union territory of Daman and Diu [...]
Business briefs
JSW Foundation to help in conservation of heritage David Sasoon library in Mumbai Mumbai, Jan 27 (PTI) JSW Foundation, the philanthropic arm of the diversified corporate, on Thursday said it will help in the conservation of the heritage David Sasoon library here. The USD 13-billion JSW Group's arm has tied up with Hermes, Kala Ghoda [...]
Trai mandates telcos to provide pre-paid mobile recharge plans with 30-day validity
New Delhi, Jan 27 (PTI) Telecom operators will have to provide recharge plans with a validity of 30 days for pre-paid customers, regulator Trai said on Thursday. The move is expected to reduce the number of recharges done by a customer during a year. At present, telecom operators provide recharge plans with a validity of [...]
Container traffic at JNPT jumps 25.9 pc to 5.63 million TEUs in 2021
Mumbai, Jan 27 (PTI) Container traffic at Jawaharlal Nehru Port Trust (JNPT) rose 25.86 per cent to 5.63 million TEUs (twenty-foot equivalent units) in the calendar year 2021, the country's premier container port operator said in a statement on Thursday. The traffic had stood at 4.47 million TEUs in the year-ago period, JNPT added. The [...]
Looking forward to soaring high with Tata Group, says Air India
Mumbai, Jan 27 (PTI) Full-service carrier Air India, under its new owner Tata Group, on Thursday it was looking forward to soaring high, propelled by the rich legacy of the two iconic brands and their shared mission to serve the country. "Brand new chapter unfolds for Air India as part of the Tata Group. Two [...]
GMDC Q3 profit at Rs 150 cr
New Delhi, Jan 27 (PTI) Gujarat Mineral Development Corporation (GMDC) on Thursday reported a consolidated net profit of Rs 149.81 crore for the quarter ended December 31, 2021.The company had posted a consolidated net loss of Rs 2.76 crore for the year-ago period, GMDC said in a filing to BSE.Income from operations during December quarter [...]
Fino Payments Bank Q3 net profit doubles to Rs 14 cr
New Delhi, Jan 27 (PTI) Fino Payments Bank (Fino Bank) on Thursday reported a 116 per cent jump in net profit at Rs 14.1 crore for the quarter ended December 2021 on the back of healthy income. It had posted net profit of Rs 6.52 crore in quarter ended December 2020. Revenue during the quarter [...]
Kissht raises Rs 100 cr from Trifecta Capital, Northern Arc
Mumbai, Jan 27 (PTI) Fintech company Kissht on Thursday said it has raised Rs 100 crore in a funding round led by Trifecta Capital and Northern Arc. In the current round, Trifecta and Nothern Arc have each subscribed to Rs 50 crore of non-convertible debentures (NCDs), according to a statement. The company has so far [...]
Union Budget 2022-23: Halwa gives way to sweets amid Omicron fears
New Delhi, Jan 27 (PTI) Amid fears of the virulent Omicron variant, the finance ministry has this time around dispensed with the traditional pre-Budget 'Halwa ceremony' and instead distributed sweets to core staff due for a 'lock-in' at their workplace. To maintain the secrecy of the Budget, there is a 'lock-in' of the officials involved [...]
NRAI hails Delhi’s decision to lift weekend curfew; ‘will provide survival support to restaurants’
New Delhi, Jan 27 (PTI) The National Restaurant Association of India (NRAI) welcomed the decision to lift the weekend curfew in Delhi and said it will provide much-needed survival support to the restaurant industry in the national capital. However, it urged the Delhi government to lift the night curfew and allow full operating hours to [...]
Home First Finance reports multifold jump in net profit to Rs 46 cr in Dec qtr
New Delhi, Jan 27 (PTI) Home First Finance Company reported a multifold jump in its net profit to Rs 46 crore for the December 2021 quarter on the back of strong disbursals, with AUM reaching an all-time high of over Rs 5,000 crore. The technology-driven affordable housing finance company, which targets first-time homebuyers in low- [...]
Hike gets investments from Polygon for Rush Gaming Universe
New Delhi, Jan 27 (PTI) Blockchain technology firm Polygon will invest in Hike to bring its mobile gaming platform Rush Gaming Universe to the web3 version, the company said. Hike has developed play to earn platform Rush Gaming Universe (RGU) and claims to have distributed over USD 50 million in rewards and registered over 100 [...]
People may be free to set up standalone energy storage systems: R K Singh
New Delhi, Jan 27 (PTI) Union Minister for Power and New & Renewable Energy R K Singh has indicated that people may be free to set up standalone energy storage systems (ESS) as the government plans de-licensing that under the policy for ESS. According to a statement issued by the power ministry, Singh interacted with [...]
RBL Bank Q3 Results: net slips 17%, allays fears pointing to sequential growth in performance
Mumbai, Jan 27 (PTI) Private sector lender RBL Bank on Thursday reported a 17.20 per cent dip in its December quarter net at Rs 121.61 crore on slower loan growth and a rise in operating expenses. The city-headquartered bank, which had witnessed RBI appointing an additional director last month which was followed by its long-standing [...]
Safe Security collaborates with Infosys for predictive risk quantification solutions
New Delhi, Jan 27 (PTI) Cybersecurity firm Safe Security on Thursday said it has partnered with Infosys to help accelerate the adoption of predictive risk quantification solutions. Safe Security's SaaS platform SAFE combined with Infosys' capabilities in quantitative cyber risk management will enable organisations to get an enterprise-wide view of overall cyber risks, predict breaches [...]
Indus Towers Q3 Results: Consolidated profit up 16% at Rs 1,571 cr
Telecom infrastructure company Indus Towers on Thursday posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore for December quarter 2021-22. The company had registered a profit after tax of Rs 1,360 crore for the same period a year ago. Revenue of the country's largest mobile tower firm was higher at Rs [...]
High pressure cylinders used for filling non-toxic gases, liquids to have tamper proof markings: Govt
New Delhi, Jan 27 (PTI) The government has mandated that all high pressure cylinders and cryogenic containers used for filling non-toxic, non-flammable gases and liquids should have a tamper proof marking that will be easily visible. The move is aimed at promoting industrial and public safety. The government has inserted a rule in the Gas [...]
Dalmia Bharat Q3 Results: Net profit declines 59.2%
New Delhi, Jan 27 (PTI) Cement maker Dalmia Bharat Ltd on Thursday reported a 59.2 per cent decline in its consolidated net profit to Rs 73 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 179 crore during the corresponding quarter a year ago, Dalmia Bharat said [...]
Special Situation Funds for investment in stressed assets to have minimum corpus of Rs 100 cr: Sebi
New Delhi, Jan 27 (PTI) Capital markets regulator Sebi on Thursday said Special Situation Funds (SSFs) will invest only in stressed assets and have a minimum corpus of Rs 100 crore. The new framework will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a [...]
HSIL Q3 Results: Profit down 21% to Rs 29 cr
New Delhi, Jan 27 (PTI) Sanitaryware and packaging products maker HSIL Ltd on Thursday reported 20.7 per cent decline in net profit at Rs 28.49 crore for the third quarter ended December 31, 2021. The company had logged a net profit of Rs 35.92 crore in October-December period a year ago, HSIL said in a BSE filing. However, revenue from [...]
Mahindra Logistics Q3 Results: Profit after tax declines 72%
Mumbai, Jan 27 (PTI) Mahindra Logistics Ltd (MLL) reported a sharp 72 per cent year-on-year decline in profit after tax (PAT) to Rs 5 crore for the December 2021 quarter. The company had posted a PAT of Rs 18 crore in the same quarter a year ago, MLL said in a statement. The revenue, however, [...]
Laurus Labs Q3 Results: Net Profit drops 43% to Rs 155 cr
New Delhi, Jan 27 (PTI) Pharmaceuticals firm Laurus Labs on Thursday said its consolidated net profit declined by 43 per cent to Rs 154.97 crore for the third quarter ended December 31, 2021. The company had posted a consolidated net profit of Rs 272.85 crore in the October-December period of previous fiscal. Revenue from operations [...]
Adani Wilmar IPO subscribed 57% on Day 1 of offer
New Delhi, Jan 27 (PTI) The initial public offering of edible oil major Adani Wilmar received a 57 per cent subscription on the first day of the issue on Thursday. The IPO received bids for 7,04,43,165 shares as against 12,25,46,150 shares on offer, according to an update on the BSE. The portion for retail individual [...]
Air India back under Tatas wings
New Delhi, Jan 27 (PTI) Salt-to-software conglomerate Tata Group on Thursday took over Air India and vowed to turn the loss-making carrier, it had founded but had lost control nearly seven decades back, into a world-class airline. N Chandrasekaran, Chairman of Tata Sons, which in October last year beat a consortium led by rival SpiceJet [...]
ReNew Power sells 138 MWp distributed rooftop solar portfolio to Fourth Partner Energy for Rs 672 cr
New Delhi, Jan 27 (PTI) ReNew Power on Thursday said it has sold 138 megawatts peak (MWp) of its distributed rooftop solar portfolio for Rs 672 crore to Fourth Partner Energy. "ReNew Power, India's leading renewable energy company, today (Thursday) announced that it has sold 138 MWp of its distributed rooftop solar portfolio to Fourth [...]
T D Power Systems Q3 Results: Profit dips 7% to Rs 19 cr
New Delhi, Jan 27 (PTI) TD Power Systems on Thursday reported a seven per cent dip in consolidated net profit at Rs 19.53 crore for December quarter 2021-22.The company had reported a net profit of Rs 21.01 crore for the year-ago period, a BSE filing stated.Total income stood at Rs 183.06 crore in the quarter [...]
CIPAM designated as national focal point for developing tech, innovation support centres
New Delhi, Jan 27 (PTI) The Cell for IPR Promotion and Management (CIPAM) has been designated as the national focal point to establish and develop technology and innovation support centres (TISCs) across the country in the coming years, in collaboration with the World Intellectual Property Organization (WIPO), according to an official public notice. CIPAM was [...]
Govt settles over Rs 61,000 cr Air India debt, other liabilities before transfer to Tatas
New Delhi, Jan 27 (PTI) The government has settled over Rs 61,000 crore of Air India's legacy debt and other liabilities that were left in AIAHL -- the company holding residual assets and liabilities of the airline -- ahead of the transfer of the national carrier to the Tata Group, a top official said on [...]
Punjab National Bank Q3 Results: Net Profit more than doubles to Rs 1,127 cr
New Delhi, Jan 27 (PTI) Punjab National Bank (PNB) on Thursday reported a two-fold jump in standalone net profit to Rs 1,126.78 crore for the third quarter ended December, as bad loans marginally declined. The country's second-largest public sector lender had earned a net profit of Rs 506.03 crore in the year-ago period. However, total income [...]
Switch Mobility finalises site in Spain for new manufacturing, tech centre
New Delhi, Jan 27 (PTI) Switch Mobility, a unit of Ashok Leyland, on Thursday said it has finalised a site in Spain for setting up a manufacturing and technology centre. The company plans to utilise the greenfield site in the Soto de Medinilla area of Valladolid to roll out electric buses and light commercial vehicles. [...]
Birlasoft Q3 Results: Net profit jumps 18.2% to Rs 114 cr
New Delhi, Jan 27 (PTI) Birlasoft, part of the USD 2.4-billion diversified C K Birla Group, on Thursday reported an 18.2 per cent jump in consolidated net profit to Rs 114 crore for the December 2021 quarter. The IT services company had posted a profit of Rs 96.4 crore in the October-December 2020 period, Birlasoft [...]
India initiates anti-dumping probe against acid from China, Korea
New Delhi, Jan 27 (PTI) India has initiated an anti-dumping probe against 'Ursodeoxvcholic Acid', used in the medical field, imported from China and Korea following a complaint by a domestic player. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) has started the probe into alleged dumping of this acid, which is used [...]
ArcelorMittal Nippon Steel India to invest Rs 1,66,000 crore in Gujarat
Ahmedabad, Jan 27 (PTI) The Gujarat government on Thursday said ArcelorMittal Nippon Steel India (AMNS India), which owns a steel mill at Hazira in Surat, will invest Rs 1,66,000 crore in six different projects in the state. A memorandum of understanding (MoU) for this proposed investment was signed by Additional Chief Secretary (Industries and Mines) [...]
Electronic goods exports up 49% in Apr-Dec 2021: Govt
Electronic goods exports rose by 49 per cent to USD 11 billion during April-December 2021 as against USD 7.4 billion in the same period of the previous year, the commerce ministry said on Thursday. Top five export destinations were the US, UAE, China, Netherlands and Germany, it added. Mobile phones constituted a major chunk of [...]
‘Bharat’ users as affluent, digitally savvy as ‘India’ consumers: ShareChat report
New Delhi, Jan 27 (PTI) 'Bharat users' -- those who prefer Indic languages on social media -- are adept at using UPI for online transactions and have a lead over 'India users' (those using social media in English) in terms of net-banking and debit cards transactions online, a report by ShareChat and Group M said [...]
TCI reports 94 pc jump in standalone PAT to Rs 78 cr in Dec 2021 quarter
Mumbai, Jan 27 (PTI) Integrated supply chain and logistics form TCI on Thursday reported a 94 per cent year-on-year jump in standalone profit after tax (PAT) at Rs 78 crore for the December 2021 quarter. The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter of the last financial year, [...]
Route Mobile Q3 Result: Consolidated profit rises 28.33% at Rs 48 cr
Enterprise communication services firm Route Mobile on Thursday posted 28.33 per cent rise in consolidated profit at Rs 48.27 crore for the third quarter ended December 31, 2021. The company had posted a profit after tax of Rs 37.62 crore in the same period a year ago. Revenue from operations increased to Rs 567.49 crore [...]
96% PMC Bank depositors to be paid upfront: Unity SFB
Mumbai, Jan 27 (PTI) Unity Small Finance Bank, which has taken over the failed cooperative lender PMC Bank, on Thursday said all small depositors with under Rs 5 lakh of deposits -- who form 96 per cent of the customer base -- can take their entire money out now or keep it in the new [...]
TVS Motor acquires majority stake in Switzerland’s largest e-bike firm Swiss E-Mobility
New Delhi, Jan 27 (PTI) TVS Motor Company on Thursday said it has acquired a 75 per cent stake in Switzerland's largest e-bike player, Swiss E-Mobility Group AG (SEMG), for USD 100 million. The acquisition reaffirms the company's commitment to expanding operations in Europe through a portfolio of premium and technology leading brands, including Norton [...]
Tata Group to get loans from SBI-led Consortium for Air India
New Delhi, Jan 27 (PTI) A consortium of lenders led by State Bank of India (SBI) will soon provide loans to Tata Group for the operations of Air India as well as to retire the airline's high cost borrowings. After nearly 70 years, Tata Group on Thursday regained ownership of Air India. With the completion [...]
Hindustan Media Ventures Q3 profit down 12% to Rs 31 cr
New Delhi, Jan 27 (PTI) Hindustan Media Ventures Ltd (HMVL) on Thursday reported 11.50 per cent decline in consolidated net profit at Rs 31.14 crore for the third quarter ended December 31, 2021. The company had posted a net profit of Rs 35.19 crore for October-December period a year ago, HMVL said in a BSE [...]
India to be big market for electric vehicles; co studying feasibility of entering segment: Nissan COO
New Delhi, Jan 27 (PTI) India will be a big potential market for electric vehicles in the future and the Renault-Nissan-Mitsubishi automobile alliance is studying the feasibility of entering the segment in the country, Nissan Motor COO Ashwani Gupta said on Thursday. The alliance on Thursday announced its 2030 global roadmap that focuses on pure [...]
US Based EvGateway Expands Its Footprint in India
Hyderabad, Telangana, India – Business Wire India • Continues their global expansion with the launch of a full Electric Vehicle Charging Management solution for the Indian Market- including Portal and Driver Mobile Application • Collaborates with all major EV charging manufacturers and offers a variety of options for best-in-class turnkey solutions EvGateway, a leading turn-key [...]
ARECA-COCONUT-PRICES
Mangaluru, Jan 27 (PTI) Following are today's Areca and Coconut prices. Areca (per QTL) Old Supari : Rs 48000 to Rs 53500 model Rs 51500 New Supari : Rs 40000 to Rs 45000 model Rs 43000 Koka : Rs 30000 to Rs 39000 model Rs 35000 Coconut (per thousand): 1st qlty : Rs 18000 to [...]
Golden age of Air India lies ahead; proud to welcome it back into Tata family: Chandrasekaran
New Delhi, Jan 27 (PTI) Tata Group chief N Chandrasekaran on Thursday reached out to employees of Air India asking them to work together to build the airline that the country needs, while asserting that the "golden age" of the carrier lies ahead. In a welcome letter to the employees of Air India, after the [...]
Dosti Realty Expects to Generate Approximately Rs 700+ CR Revenue from the New Launch Dosti West County – Dosti Tulip at Balkum Thane West
Mumbai, Maharashtra, India – Business Wire India • The factor of lifestyle, wellness, security, and sustainability in the project to elevate one's standard of living.• 2 BHK and 3 BHK homes to suit the buyer’s needs. Successful at providing an unmatched living experience to homebuyers across the Mumbai Metropolitan Region, Dosti Realty reveals its latest [...]
Canara Bank Q3 Results: Net jumps 116% to Rs 1,502 Cr
State-run Canara Bank on Thursday reported a more that two-fold jump in its profit after tax at Rs 1,502 crore for the quarter ended December 2021, helped by a rise in net interest income (NII) and lower provisions. Its net profit stood at Rs 696 crore in the same quarter of the preceding financial year. [...]
POS biz grew to $4 bn annualised transaction value, deployed over 1.25 lakh machines: BharatPe
New Delhi, Jan 27 (PTI) BharatPe, a fintech company for merchants, on Thursday said it has witnessed 200 per cent growth in annualised transaction value to USD 4 billion (about Rs 30,078 crore) from its POS business over the last 12 months.The Point of Sale (POS) business - BharatSwipe - now contributes about 25 per [...]
Chronology of Air India privatisation – Tata group gets it back after 69 years
After 69 years, Air India on Thursday returned to its founding father, the Tata Group. The takeover by the salt-to-software conglomerate ends years of failed attempts to sell the money-losing airline that had been kept afloat all these years with thousands of crores of taxpayer money. Tata Group founder JRD Tata had originally launched the [...]
Cashback Alert: Avail Cashback of up to 52 per cent on JBL Speakers on the Bajaj Finserv EMI Store
Purchase JBL speakers from the Bajaj Finserv EMI Store on No Cost EMI and avail of various pocket-friendly deals Pune, Maharashtra, India (NewsVoir) The Bajaj Finserv EMI Store has announced exclusive deals and cashback offers on JBL speakers across different models. Customers can earn up to 52% cashback while purchasing their favorite JBL speakers, available [...]
IndiGrid’s net profit remains almost flat at Rs 94 cr in Dec quarter
New Delhi, Jan 27 (PTI) Infrastructure investment trust India Grid Trust (IndiGrid) consolidated net profit remained almost flat at Rs 94.38 crore in the December quarter compared to a year ago. The company had reported a consolidated net profit of Rs 94.58 crore in the quarter ended on December 31, 2020, according to a BSE [...]
Generali’s stake in insurance JVs to rise to up to 74%
New Delhi, Jan 27 (PTI) With debt-ridden Future Group diluting its stake in its life and non-life insurance ventures, foreign partner Generali is set to raise its stake to up to 74 per cent. Last year, the government amended the Insurance Amendment Bill, 2021 to increase the foreign direct investment (FDI) limit in the insurance [...]
Cashback Alert: Avail Cashback of up to 52 per cent on JBL Speakers on the Bajaj Finserv EMI Store
Purchase JBL speakers from the Bajaj Finserv EMI Store on No Cost EMI and avail of various pocket-friendly deals Pune, Maharashtra, India (NewsVoir) The Bajaj Finserv EMI Store has announced exclusive deals and cashback offers on JBL speakers across different models. Customers can earn up to 52% cashback while purchasing their favorite JBL speakers, available [...]
Cashback Alert: Avail Cashback of up to 52 per cent on JBL Speakers on the Bajaj Finserv EMI Store
Purchase JBL speakers from the Bajaj Finserv EMI Store on No Cost EMI and avail of various pocket-friendly deals Pune, Maharashtra, India (NewsVoir) The Bajaj Finserv EMI Store has announced exclusive deals and cashback offers on JBL speakers across different models. Customers can earn up to 52% cashback while purchasing their favorite JBL speakers, available [...]
IndiGrid’s net profit remains almost flat at Rs 94 cr in Dec quarter
New Delhi, Jan 27 (PTI) Infrastructure investment trust India Grid Trust (IndiGrid) consolidated net profit remained almost flat at Rs 94.38 crore in the December quarter compared to a year ago. The company had reported a consolidated net profit of Rs 94.58 crore in the quarter ended on December 31, 2020, according to a BSE [...]
Generali’s stake in insurance JVs to rise to up to 74 pc
New Delhi, Jan 27 (PTI) With debt-ridden Future Group diluting its stake in its life and non-life insurance ventures, foreign partner Generali is set to raise its stake to up to 74 per cent. Last year, the government amended the Insurance Amendment Bill, 2021 to increase the foreign direct investment (FDI) limit in the insurance [...]
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