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Fundamentally strong pharma stocks to buy now for an upside of 30%
The Indian pharmaceutical industry is expected to double in value by 2030, presenting an attractive opportunity for long-term investment. Pharmaceutical stocks are appealing due to the sector's resilience against market fluctuations and robust growth potential, fueled by rising healthcare demands and government support for innovation. Investors may find significant prospects in this evolving market landscape. [...]
Smallcap stock jumps 4% after company to supply subsystems for unmanned aircraft vehicles
The shares of one of the leading telecom infrastructure manufacturers specializing in creating digital networks and various critical equipment for telcos, defence, enterprises, and governments jumped 4 percent in the day’s trade following collboration with General Atomics Aeronautical Systems Incorporated to supply critical subsystems for UAVs. Price Action With a market capitalization of Rs. 23,862 [...]
Defence stocks that are in the business of manufacturing radar systems
The Indian defense sector includes key companies specializing in radar systems and related technologies, essential for developing advanced land-based and airborne radars and electronic warfare equipment. These firms emphasize indigenous manufacturing and R&D, significantly enhancing India's defense capabilities. The focus on cutting-edge technologies like Active Electronically Scanned Array (AESA) radars underscores the growing need for [...]
Stocks to Buy: Adani Ports, PVR Inox and 3 other stocks that can deliver 45% returns
Stock recommendations are advice from financial experts telling investors whether they should buy, sell, or keep certain stocks based on their analysis of the market. A buy call recommendation tells investors to purchase a stock because it's expected to rise in value based on favorable analysis. Here are a few financially strong stocks recommended by [...]
Cable stocks with 3 year net profit CAGR of 30% to keep an eye on
The compound annual growth rate (CAGR) is the mean annual growth rate of an investment over a period longer than one year, considering the effect of compounding. It's one of the most accurate ways to calculate and determine returns for individual assets, investment portfolios, and anything that can rise or fall in value over time. [...]
Stocks in Focus: 3 Stocks that may benefit from upcoming IPOs
India's IPO market is booming, with companies raising $8.6 billion in 2024, surpassing the totals from the previous two years and capturing 25 percent of the global IPO market. This surge, driven by strong investor confidence, high liquidity, and a resilient economy, positions India as a standout performer amid a global IPO downturn. An Initial [...]
PSU bank stocks with high CASA ratio of 49% to add to your watchlist
The CASA (Current Account and Savings Account) ratio is indeed a key financial metric for banks, especially in the public sector. It measures the proportion of low-cost deposits (current and savings accounts) to total deposits. A higher CASA ratio implies that a larger share of the bank's deposits comes from current and savings accounts, which [...]
Stocks to Watch: 5 Stocks in the business of green hydrogen to keep on your radar
Green hydrogen is emerging as a key solution in the global effort to decarbonize industries, reduce reliance on fossil fuels, and transition to a more sustainable energy system. It has the potential to revolutionize the energy landscape by offering a clean, versatile, and sustainable solution to some of the toughest challenges in the energy and [...]
Drone stocks with strong growth guidance for coming years to add to your watchlist
According to the EY FICCI report, The drone sector is rapidly expanding, with the Indian market projected to grow from 10,803 units in 2024 to 61,393 units by 2029. This growth is driven by regulatory reforms and increased investments, aiming for a market value of approximately $6.8 billion by 2026, supported by government initiatives like [...]
Stocks in the business of solar cell manufacturing to look out for
A solar cell, also known as a photovoltaic (PV) cell, is an electronic device that converts light energy directly into electricity through the photovoltaic effect. As of December 2023, India has a cumulative solar module manufacturing capacity of 64.5 GW and a solar cell manufacturing capacity of 5.8 GW. In 2023 alone, the country added [...]
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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
Aluminium Association seeks elimination of coal cess in upcoming Union Budget
New Delhi, Jan 27 (PTI) The Aluminium Association of India (AAI) has sought the elimination of coal cess in the upcoming Union Budget and said the steep hike of the same has adversely affected the sustainability of the sector. Finance minister Nirmala Sitharaman will present the Union Budget for 2022-23 on February 1. The AAI [...]
Start-up MoooFarm raises USD 2.4 million for business expansion, growth
New Delhi, Jan 27 (PTI) Agritech start-up MoooFarm, which offers technical solutions for dairy farmers, on Thursday said it has raised USD 2.4 million from investors including Accel India, to expand and grow its business. The seed round funding was led by Accel India with participation from Rockstart's AgriFood fund and Navus Ventures. "This investment [...]
Kinara Capital Introduces Collateral-Free Short-Term Working Capital Loan
Rapid TAT to Expedite Financing for Quick Business Growth Needs for MSMEs Bangalore, Karnataka, India (NewsVoir) Kinara Capital, a fast-growing fintech propelling financial inclusion, today introduced Short-Term Working Capital loan option for its current MSME customers. Available in the range of INR 50,000 to INR 2 Lakhs with rapid turnaround (TAT) and lower processing fees, [...]
Torrent Pharmaceuticals shares tumble 15% after Q3 earnings
Shares of Torrent Pharmaceuticals on Thursday tumbled 15 per cent after the company's consolidated net profit declined by 16 per cent for the third quarter ended December 2021. The stock tanked 17.69 per cent to Rs 2,601.30 during the day on BSE. It settled at Rs 2,689.10, lower by 14.92 per cent. On NSE, it [...]
20 years later: India’s CPSE privatisation off to ‘Maharaja’ start
New Delhi, Jan 27 (PTI) After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount [...]
Mizoram’s Hmangaihzuali gets Syngenta scholarship to study in Bangladesh University
New Delhi, Jan 27 (PTI) Hmangaihzuali, a resident of Mizoram and daughter of a smallholder farmer, is among five successful recipients of Syngenta's scholarship for admission to the prestigious Asian University for Women (AUW) in Bangladesh. Global agriculture firm Syngenta said in a statement that the USD 375,000 (Rs 2.8 crore) scholarship will cover tuition, [...]
‘Funding in global battery storage, smart grid, energy efficiency jumps to USD 19.5 bn in 2021’
New Delhi, Jan 27 (PTI) The corporate funding at the global level for battery storage, smart grid and energy efficiency sectors saw over a two-fold jump to USD 19.5 billion in 2021, according to a report. Corporate funding includes venture capital (VC) funding, public market and debt financing, global research firm Mercom Capital Group said [...]
Tata Group takes over Air India; looks to restore Maharaja’s past glory
New Delhi, Jan 27 (PTI) Nearly seven decades after it lost control, Tatas on Thursday regained ownership of Air India and promised to turn the loss-making carrier into a world-class airline. N Chandrasekaran, Chairman of Tata Sons, which in October last year beat a consortium led by rival SpiceJet promoter to win the bid for [...]
Airtel Payments Bank customers’ deposit surges 75% to Rs 1,000 cr in 2021
New Delhi, Jan 27 (PTI) Money deposited with Airtel Payments Bank surged 75 per cent to Rs 1,000 crore in 2021 as compared to the previous year, a top company official said. The payments bank had recorded around Rs 570 crore worth of deposits in 2020. Airtel Payments Bank MD and CEO Anubrata Biswas told [...]
Apollo Tyres begins pilot initiative by deploying EVs for tyres delivery in Bengaluru
New Delhi, Jan 27 (PTI) Apollo Tyres on Thursday said it has kicked off a pilot initiative by deploying electric vehicles (EVs) for the delivery of tyres from its regional distribution centre (RDC) to multiple business partners in Bengaluru. This initiative will not only address the concern of growing environmental pollution, but will also help [...]
Rupee slumps 31 paise to over four-week low of 75.09/USD
Mumbai, Jan 27 (PTI) Registering its third straight session of loss, the rupee on Thursday depreciated by 31 paise to close at an over four-week low of 75.09 against the US dollar, tracking the strength of the American currency after a hawkish US Fed policy stance. Forex traders said muted domestic equities, sustained foreign fund [...]
Ranveer, Jacqueline in list of ASCI non-compliant social media influencers
Mumbai, Jan 27 (PTI) Actors Ranveer Singh and Jacqueline Fernandez have featured in a list of social media influencers who have continued to be non-compliant with guidelines laid down by a self-regulatory organisation, a report said on Thursday. The actors find themselves among a list of 28 non-compliant campaigns that "continued" to be non-compliant of [...]
Senores Pharmaceuticals, Inc. announces the launch of Mexiletine Hydrochloride Capsules USP, 150 mg, 200 mg and 250 mg with one of the top generic pharmaceutical companies in the U.S. market
ATLANTA, Jan. 27, 2022 /PRNewswire/ -- Senores Pharmaceuticals, Inc. announced the launch of Mexiletine Hydrochloride Capsules USP, 150 mg, 200 mg and 250 mg, a therapeutic equivalent version of MEXITIL (Mexiletine Hydrochloride) with one of the top 5 generic pharmaceutical companies in the U.S. market. Mexiletine Hydrochloride Capsules, USP are indicated for the treatment of [...]
Ranveer, Jacqueline in list of ASCI non-compliant social media influencers
Mumbai, Jan 27 (PTI) Actors Ranveer Singh and Jacqueline Fernandez have featured in a list of social media influencers who have continued to be non-compliant with guidelines laid down by a self-regulatory organisation, a report said on Thursday. The actors find themselves among a list of 28 non-compliant campaigns that "continued" to be non-compliant of [...]
Senores Pharmaceuticals, Inc. announces the launch of Mexiletine Hydrochloride Capsules USP, 150 mg, 200 mg and 250 mg with one of the top generic pharmaceutical companies in the U.S. market
ATLANTA, Jan. 27, 2022 /PRNewswire/ -- Senores Pharmaceuticals, Inc. announced the launch of Mexiletine Hydrochloride Capsules USP, 150 mg, 200 mg and 250 mg, a therapeutic equivalent version of MEXITIL (Mexiletine Hydrochloride) with one of the top 5 generic pharmaceutical companies in the U.S. market. Mexiletine Hydrochloride Capsules, USP are indicated for the treatment of [...]
Ranveer, Jacqueline in list of ASCI non-compliant social media influencers
Mumbai, Jan 27 (PTI) Actors Ranveer Singh and Jacqueline Fernandez have featured in a list of social media influencers who have continued to be non-compliant with guidelines laid down by a self-regulatory organisation, a report said on Thursday. The actors find themselves among a list of 28 non-compliant campaigns that "continued" to be non-compliant of [...]
Raymond shares give up early gains; settle over 1 pc lower
New Delhi, Jan 27 (PTI) Shares of Raymond Ltd on Thursday gave up all early gains and settled over 1 per cent lower amid profit-taking. In early morning trade, it had gained over 4 per cent after the company reported a multifold jump in its net profit at Rs 101.07 crore for the third quarter [...]
Sebi amends rules; to send notices, summons via instant messaging services
New Delhi, Jan 27 (PTI) Sebi will now be sending show cause notices and summons to alleged offenders of securities market rules through instant messaging services, a move that will make the process faster. At present, the regulator sends such documents through either registered post, courier or electronic mail. Also, Sebi has tweaked norms pertaining to powers [...]
EVRE plans to have around 1,000 EV charging hubs by 2023-end
New Delhi, Jan 27 (PTI) Electric vehicle charging service provider EVRE on Thursday said it plans to have around 1,000 tech-enabled EV charging hubs by the end of 2023. With the dedicated focus towards serving EV fleets uniformly across the country, the company is looking at multifold growth in the charging hubs to satiate the [...]
Bank loan fraud: ED attaches assets of Telangana firm
New Delhi, Jan 27 (PTI) Assets worth Rs 43.25 crore of a Hyderabad-based firm have been attached under the anti-money laundering law in connection with an alleged bank loan fraud case, the Enforcement Directorate (ED) said on Thursday.A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued by the agency attaching [...]
Cycle Pure Launches ‘VideoKart’: a New Way to Shop for Puja Products in the New Normal
Consumers can simply click on Cycle’s new film to “add to cart” the products seen on screen Bengaluru, Karnataka, India (NewsVoir) Since its inception in 1948, Cycle Pure Agarbathi, India’s most preferred home worship brand, has set the bar for innovation in the prayer segment. In response to the pandemic, the innovation team at Cycle [...]
MUMMBAI, JAN 27
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 62765.00 63687.00 STANDARD GOLD (99.5) : 48308.00 48334.00 PURE GOLD (99.9) : 48502.00 48528.00 --------------- PTI MUM SVC SVC SVC
CG Power reports Q3 standalone PAT at Rs 360 cr
Chennai, Jan 27 (PTI) CG Power and Industrial Solutions Ltd on Thursday reported standalone profit after tax at Rs 360 crore for the quarter ending December 31, 2021. The Murugappa Group company had reported standalone PAT at Rs 381 crore during corresponding quarter previous year, CG Power and Industrial Solutions said in a statement. Sales [...]
MUMBAI, JAN 27 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.
COPPER :- COPPER CABEL SCRAP 737.00 COPPER HEAVY SCRAPS 725.00 COPPER ARMATURE (CREDIT) 705.00 COPPER UTENSILS SCRAP 637.00 CC ROD 790.00 BRASS :- BRASS SHEET CUTTING 537.00 BRASS UTENSIL SCRAP 488.00 BRASS HONEY 478.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 184.00 ALUMINIUM EXTRUSION SCRAP 216.00 ALUMINIUM INGOTS 248.00 OTHER : - GUN METAL SCRAP 520.00 ZINC [...]
Google Maps to help users to save, share their location’s plus codes
New Delhi, Jan 27 (PTI) Google on Thursday announced the launch of an India-first feature on Google Maps where users can access their current location to find the 'plus codes' address for their home. Plus codes are free, open-sourced, digital addresses that provide accurate addresses for locations, including for places that don't have accurate formal [...]
Process to auction nine mineral blocks in Jharkhand begins
Ranchi, Jan 27 (PTI) A process has been initiated to auction nine mineral blocks in Jharkhand, the state government said on Thursday. The blocks to be auctioned include mines of iron ore, graphite, bauxite, and limestone in Palamu, Lohardaga, Gumla, Ranchi, Ramgarh, and West Singhbhum. "The Directorate of Geology, Mines and Geology Department, Jharkhand has [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, JAN 27 (PTI) OILS (per 10 Kgs) G.Nut Raw 1320.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1190.00 Sunflower Exp.Ref. 1250.00 Cottonseed(Refined) 1265.00 Refined Palm Oil 1193.00 Soyabean Ref. 1230.00 Imp.Soyabean Crude - Rapeseed Ref. 1690.00 Rapeseed Exp. 1660.00 Copra white 1580.00 Rice Bran 4-7% FFA - Rice Bran 1150.00 Linseed 1950.00 Castor [...]
Ensure advisory board’s recommendations are taken in fraud cases of over Rs 3 cr: CVC to banks
New Delhi, Jan 27 (PTI) The Central Vigilance Commission (CVC) has asked all public sector banks and insurance companies to ensure that they seek recommendations from its advisory board regarding all cases of fraud involving Rs 3 crore and more.At the time of approaching the commission for advice in respect to any prosecution sanction case, [...]
Agritech startup Our Food raises USD 6 million for business growth
New Delhi, Jan 27 (PTI) Agritech startup Our Food has raised USD 6 million (around Rs 45 crore) from investors for growth of its business.Our Food is a technology-driven agribusiness platform that seeks to decentralize the food processing industry with an innovative farmer adoption and engagement supply-chain platform across the country. The company is based [...]
Sensex sinks 581 pts as hawkish Fed roils global markets
Mumbai, Jan 27 (PTI) Equity benchmark Sensex tumbled 581 points on Thursday, in tandem with a global selloff after the US Federal Reserve signalled policy tightening from March. A depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said. The 30-share BSE index ended 581.21 points or 1.00 per cent lower at [...]
Regular market approval granted for Covishield, Covaxin for use in adult population
New Delhi, Jan 27 (PTI) India's drug regulator has granted regular market approval for COVID-19 vaccines Covishield and Covaxin for use in the adult population subject to certain conditions, Health Minister Mansukh Mandaviya said on Thursday. The minister also said that the government's vaccination drive will continue as it is to provide first and second [...]
US-based EV infra solutions firm EvGateway launches operations in India
Mumbai, Jan 27 (PTI) EvGateway, a California-based turnkey EV infrastructure solutions provider, on Thursday announced the launch of its operations in India. In India, the company said, it will provide innovation in the domestic EV marketplace and help advance adoption, by offering easy-to-use solutions for drivers and charger owners alike. EvGateway will deliver advanced controls [...]
Jai Bheem App Soars in its Launch with Manoj Bajpayee
New Delhi (India) January 27: The ambitious Jai Bheem Short Video App finally met a conclusive beginning with a successful spectacular launch yesterday. The launch was done by none other than the Padma Shri and National award-winning actor Manoj Bajpayee in a grandiose event organised by the Jai Bheem CEO Girish Wankhede, on 26th January, [...]
FAARMS ties up with Reliance General Insurance to provide cattle-health insurance to farmers
New Delhi, Jan 27 (PTI) Agritech start-up FAARMS has partnered with Reliance General Insurance Company Ltd to provide health and cattle insurance for the rural population, including farmers, through its mobile application. FAARMS is an e-commerce platform for farmers for all farming-related inputs from seeds, agrochemicals, machinery and animal feed in India. The company has [...]
AI handover to Tatas: Confident airline will bloom under new owners, says Scindia
New Delhi, Jan 27 (PTI) Air India will boom under the wings of the new owners and the airline will pave the way for a thriving and robust civil aviation sector in India, Aviation Minister Jyotiraditya Scindia said after the carrier was handed over to Tata Sons on Thursday. "It is indeed noteworthy that the [...]
Sebi strengthens MF norms; winding up of schemes only after majority unitholders’ consent
New Delhi, Jan 27 (PTI) In a move aimed to further safeguard the interest of mutual fund investors, Sebi has made it mandatory for trustees of mutual funds to obtain the consent of unitholders when majority of trustees decide to wind up a scheme. Under the new norms, mutual fund trustees will be required to [...]
IIFL Securities partners Alphaniti
Mumbai, Jan 27 (PTI) Fintech company Alphaniti on Thursday announced a partnership with IIFL Securities to allow investors to invest and trade in stock offerings. Alphaniti aims to redefine the experience of direct investments by offering high-quality products at affordable costs by leveraging on big data, deep domain expertise and technology for both India and [...]
Max Life and Policybazaar Come Together to Enhance Homemakers’ Financial Protection with Independent Term Insurance Policy
Offers ‘Max Life Smart Secure Plus Plan’ as an independent cover on Policybazaar to homemakers New Delhi, Delhi, India (NewsVoir) Max Life Insurance Co. Ltd. (“Max Life”/ “Company”), announces protection offering for Indian homemakers by extending its Max Life Smart Secure Plus Plan* (UIN: 104N118V02), a Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan, [...]
Max Life and Policybazaar Come Together to Enhance Homemakers’ Financial Protection with Independent Term Insurance Policy
Offers ‘Max Life Smart Secure Plus Plan’ as an independent cover on Policybazaar to homemakers New Delhi, Delhi, India (NewsVoir) Max Life Insurance Co. Ltd. (“Max Life”/ “Company”), announces protection offering for Indian homemakers by extending its Max Life Smart Secure Plus Plan* (UIN: 104N118V02), a Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan, [...]
Max Life and Policybazaar Come Together to Enhance Homemakers’ Financial Protection with Independent Term Insurance Policy
Offers ‘Max Life Smart Secure Plus Plan’ as an independent cover on Policybazaar to homemakers New Delhi, Delhi, India (NewsVoir) Max Life Insurance Co. Ltd. (“Max Life”/ “Company”), announces protection offering for Indian homemakers by extending its Max Life Smart Secure Plus Plan* (UIN: 104N118V02), a Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan, [...]
Max Life and Policybazaar Come Together to Enhance Homemakers’ Financial Protection with Independent Term Insurance Policy
Offers ‘Max Life Smart Secure Plus Plan’ as an independent cover on Policybazaar to homemakers New Delhi, Delhi, India (NewsVoir) Max Life Insurance Co. Ltd. (“Max Life”/ “Company”), announces protection offering for Indian homemakers by extending its Max Life Smart Secure Plus Plan* (UIN: 104N118V02), a Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan, [...]
Tata Group committed to making Air India a world-class airline: Chandrasekaran
New Delhi, Jan 27 (PTI) Tata Group is committed to making Air India a world-class airline, Tata Sons Chairman N Chandrasekaran said on Thursday after the conglomerate took over the ownership of the national carrier from the government. The group also acknowledged Prime Minister Narendra Modi's commitment to reforms and faith in India's entrepreneurship spirit, [...]
Patel Engineering implementing HEPs worth Rs 6,000-cr in 4 states
New Delhi, Jan 27 (PTI) Construction firm Patel Engineering is implementing hydroelectric power projects (HEP) worth around Rs 6,000 crore in four states, a top company official has said. The company is also implementing a railway tunnel project in West Bengal, Patel Engineering CFO Kavita Shirvaikar told PTI in a telephonic interaction. The Mumbai-based engineering, [...]
Colgate India Q3 Results: Net profit rises 1.6%
New Delhi, Jan 27 (PTI) FMCG major Colgate-Palmolive India Ltd on Thursday reported an increase of 1.6 per cent in its net profit to Rs 252.33 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 248.36 crore in the corresponding quarter of the last financial year, Colgate-Palmolive [...]
Ola to invest over $100mn to set up advanced engineering and vehicle design centre in UK
New Delhi, Jan 27 (PTI) Ola Electric on Thursday said it will invest over USD 100 million (about Rs 750 crore) over the next five years and set up a global centre for advanced engineering and vehicle design in the UK.This centre - called the Ola Futurefoundry - will be based in Coventry, UK, and [...]
Regular market approval granted for Covishield, Covaxin for use in adult population
New Delhi, Jan 27 (PTI) India's drug regulator has granted regular market approval for COVID-19 vaccines Covishield and Covaxin for use in the adult population subject to certain conditions, Health Minister Mansukh Mandaviya said on Thursday. The minister also said that the government's vaccination drive will continue as it is to provide first and second [...]
MP pollution control board’s fees for various permissions slashed up to 50%
Bhopal, Jan 27 (PTI) In a relief to the industries and institutions, the Madhya Pradesh government has substantially reduced the fees for obtaining various consents from the MP Pollution Control Board (MPPCB), a senior official said on Thursday.The decision was taken to promote Ease of Doing Business (EoDB), said the state environment department's principal secretary [...]
Tata Group took over the ownership of national carrier Air India
New Delhi, Jan 27 (PTI) Tata Group on Thursday took over the ownership of national carrier Air India. "The strategic disinvestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s talace Pvt Ltd along with management control," DIPAM Secretary Tuhin Kanta Pandey said in a [...]
NEWSALERT
Tata Group acknowledges PM Narendra Modi's commitment to reforms and faith in India's entrepreneurship spirit. PTI RKL ABM ABM
NEWSALERT
Strategic disinvestment of Air India successfully concluded today with transfer of 100% shares to Tata firm Talace Pvt Ltd: DIPAM Secretary. PTI JD ANZ RAM
NEWSALERT
We are excited to have Air India back in the Tata Group, committed to making this a world-class airline: Tata Sons Chairman N Chandrasekaran. PTI RKL ABM ABM
‘Role of entrance examinations in academic autonomy of higher educational institutions’ by Aditya Mittal, Professor, IIT Delhi Mentor, Macmillan Education India
NOIDA, India, Jan. 27, 2022 /PRNewswire/ -- Macmillan's guiding objective is to enhance education worldwide by supporting communities with innovative curriculum resources, which transform young people into educated, confident and responsible citizens of the country. Macmillan understands the potential of bringing disruptive transformation to learning and teaching environments, and in order to achieve that it [...]
ABB’s HVAC solution helps JW Marriott Hotel cut down energy losses by 35 pc
New Delhi, Jan 27 (PTI) ABB India on Thursday said the company's HVAC (heating, ventilation and air conditioning) solution has helped JW Marriott Hotel in Pune cut down energy losses by 35 per cent annually. "ABB's HVAC solution helps JW Marriott Hotel to cut down energy losses by 35 per cent," the company said in [...]
CG Power Q3 Results: Net profit jumps 28% to Rs 546 crore
New Delhi, Jan 27 (PTI) CG Power and Industrial Solution on Thursday posted a 28 per cent rise in consolidated net profit at Rs 546 crore in the quarter ended December 2021, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 425 crore in the quarter ended [...]
Chingari Leads India’s Web3 Revolution with $GARI Social Token
Mumbai, Maharashtra, India (NewsVoir) India’s home-grown short-video app Chingari has set to become the most popular short-video app in India that is encouraging creators, making them the centre of the universe, and helping them monetize their content by deploying the intelligence of Web 3.0. The $GARI token is being used by Chingari to allow more [...]
Guar seed futures rise on fresh bets
New Delhi, Jan 27 (PTI) Guar seed prices on Thursday rose Rs 55 to Rs 6,427 per 10 quintals in the futures trade after speculators increased their positions driven by a firm trend at the spot market. On the National Commodity and Derivatives Exchange, guar seed for February contracts increased Rs 55, or 0.86 per [...]
Guar gum futures gain on spot demand
New Delhi, Jan 27 (PTI) Guar gum prices on Thursday gained Rs 251 to Rs 12,121 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 2.11 per cent, or Rs 251, to [...]
Roche Diagnostics launches self-testing kit for COVID-19
New Delhi, Jan 27 (PTI) Roche Diagnostics India on Thursday said it has launched a COVID-19 'at-home' detection kit.The company said it has introduced the COVID-19 At-Home Test, an over-the-counter test for detection of SARS CoV-2 infection in individuals with symptoms suggestive of COVID-19 and is approved by ICMR.COVID-19 At-Home Test can successfully detect SARS-CoV-2 [...]
India’s renewable energy sector can employ 1 mn people by 2030: Study
India’s renewable energy sector could potentially employ around one million people by 2030, which would be ten times more than the existing workforce.Most of the new jobs would be generated by small-scale renewable energy projects such as rooftop solar and mini and micro-grid systems. India has successfully trained 78,000 people under the Suryamitra training program, to [...]
Hindustan Zinc CEO elected as acting chairman of International Zinc Association
New Delhi, Jan 27 (PTI) Hindustan Zinc CEO Arun Misra has been elected as the acting chairman of the International Zinc Association (IZA). Misra is the first Indian and Asian to hold this position, according to a statement. "It is a privilege for me to take on the role of IZA Chair and continue the [...]
Budget should focus on bridging widened inequality in economy, creating jobs: Subbarao
New Delhi, Jan 27 (PTI) The upcoming Budget should focus on creating jobs and bridging the widened inequality in the economy besides accelerating growth, former RBI Governor D Subbarao said on Thursday while observing that given the continuing need to raise spending on education, health and infrastructure, there is not much leeway for tax cuts. Subbarao also opined [...]
Crude oil futures rise on spot demand
New Delhi, Jan 27 (PTI) Crude oil prices rose Rs 200 to Rs 6,578 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 200, or 3.14 per cent, to Rs 6,578 per barrel in 12,877 [...]
M&M records almost 1 lakh bookings of XUV700, bills 14,000 units
Mumbai, Jan 27 (PTI) Mahindra & Mahindra Ltd on Thursday said it has clocked almost one lakh bookings of its latest sports utility vehicle XUV700 besides billing the first 14,000 units of the vehicle by January, despite global supply chain issues. The company in a statement also said that while the dynamic supply chain issues continue [...]
ICAI flags concerns over CA Act amendment bill to Parl panel
New Delhi, Jan 27 (PTI) Chartered accountants' apex body ICAI has submitted a memorandum to a Parliamentary panel, raising concerns about certain provisions in the proposed bill to amend the law governing chartered accountants in the country.The Institute of Chartered Accountants of India (ICAI) has submitted its views on the provisions, including the one pertaining [...]
PRICES MUM GENERAL OPEN
MUMBAI, JAN 27 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 62765.00 STANDARD GOLD (99.5) : 48308.00 PURE GOLD (99.9) : 48502.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 64100.00 RS. PER KG.SILVER RDY.(PORTION) : 64200.00 RS. PER KG.GOLD (24 CARAT) RDY. : 49400.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46850.00 RS. PER [...]
Money Market Operations
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,08,906.41 3.90 2.20-5.75 I. Call Money 8,244.46 3.66 2.20-4.00 II. Triparty Repo 3,92,371.25 3.91 3.50-4.33 III. Market Repo 1,08,182.70 3.88 2.80-4.35 IV. Repo in Corporate Bond 108.00 5.75 5.75-5.75 B. Term Segment I. Notice Money** [...]
SPJIMR Mumbai wins Airtel iCreate 2021
• SCMHRD Pune was chosen as the first runner-up while IIM Bangalore emerged as second runner-up in the contest • iCreate witnessed the participation of over 9000 students from nearly 29 prestigious institutions across the country • Airtel iCreate is India’s premier management strategy competition for B-schools New Delhi, 22 December 2021: Bharti Airtel (“Airtel”), [...]
Simple Energy signs pact with Siemens to drive digital transformation in EV space
Mumbai, Jan 27 (PTI) Electric vehicle maker Simple Energy has teamed up with global technology leader Siemens to drive digital transformation in EV space, a release said on Thursday.The Bengaluru-based EV maker said it has also roped in Siemens' technology partner Prolim to share its technologies to strengthen India's bid to become the EV capital [...]
NTPC invites bids to set up 3GW energy storage facility in India
New Delhi, Jan 27 (PTI) State-run power giant NTPC's arm, NTPC Renewable Energy Ltd (NREL), has invited bids for selection of developers for inter-state transmission system (ISTS)-connected energy storage facility of 3,000 MW capacity at any location in India to meet round-the-clock requirement of renewable energy. NTPC Renewable Energy intends to avail energy storage facility [...]
How are US Fed Rates affecting Indian Markets and major reasons for sell off?
Concerns about the US Federal Reserve regarding its rate hike has sparked a global sell-off. Most of the global markets including the Indian markets have been bearish since the previous six trading sessions. The Federal Open Market Committee (FOMC) meeting is a regular meeting held by the Federal Open Market Committee, which is a branch [...]
IMCG partners Muthoot Homefin for mortgage guarantee backed home loans
New Delhi, Jan 27 (PTI) India Mortgage Guarantee Corporation (IMGC) on Thursday announced its partnership with Muthoot Homefin (India) Limited (MHIL) to offer mortgage guarantee backed home loan products to customers in the affordable housing segment.A mortgage guarantee will enable MHIL to sanction higher loan amount (LTV ratio) to the customers at lower rates of [...]
Agritech startup Aqgromalin raises USD 5.25 mn from investors to expand biz
New Delhi, Jan 27 (PTI) Agritech startup Aqgromalin has raised USD 5.25 million (about Rs 39.5 crore) from investors including Sequoia Capital India's - Surge and Venture funds, Omnivore Partners India and Zephyr Peacock India, to expand operations.The Chennai-based Aqgromalin is building a full stack AgTech platform that helps farmers diversify into animal husbandry and [...]
Airtel Payments Bank customers’ deposit surges 75% to Rs 1,000 cr in 2021
New Delhi, Jan 27 (PTI) Money deposited with Airtel Payments Bank surged 75 per cent to Rs 1,000 crore in 2021 as compared to the previous year, a top company official said. The payments bank had recorded around Rs 570 crore worth of deposits in 2020. Airtel Payments Bank MD and CEO Anubrata Biswas told [...]
Canara Bank Q3 Results: Net profit jumps over two-fold to Rs 1,502 cr
State-owned Canara Bank on Thursday reported over two-fold jump in its net profit on a standalone basis to Rs 1,502 crore for the December 2021 quarter on the back of lower provisioning. The bank had posted a net profit of Rs 696 crore in the year-ago quarter. Sequentially, the net profit was higher by 13 [...]
Future Group to sell 25% in general insurance JV to Generali for Rs 1,253 cr; to exit insurance biz
Debt-ridden Future Group will exit from the insurance business in a time-bound manner and plans to sell its 25 per cent equity in Future Generali India Insurance Company Ltd (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore, as part of its asset monetisation plans to pare debts. FGIICL is [...]
JLR opens bookings for new Range Rover SV in India
New Delhi, Jan 27 (PTI) Jaguar Land Rover (JLR) on Thursday said it has commenced bookings for new Range Rover SV in India with a choice of design themes, details and materials.The model comes with a new 4.4-litre twin-turbo petrol engine, which delivers a power of 390 kW and torque of 750 Nm and a [...]
Tatas gets loan commitment from SBI-led consortium for Air India
Talace Private Limited (Tata Group’s subsidiary) will formally take over Air India along with Air India Express and a 50% stake in AISATS on Thursday.A consortium of lenders has agreed to grant both term loans and working capital loans depending on the airline’s requirements.The deal with the government does not include land and buildings. As [...]
Myanmar currency notes seized in Mizoram, one held
Aizawl, Jan 27 (PTI) A person was arrested in Mizoram's Siaha district after unaccounted Myanmar currency (kyat) notes valued at Rs 4.2 lakh were recovered from his possession, according to a statement issued by Assam Rifles. Acting on a tip-off, troopers of the paramilitary force seized one crore currency notes of the neighbouring country from [...]
Log9 Materials inks pact with SpareIt
Mumbai, Jan 27 (PTI) Advanced EV battery technology startup Log9 Materials on Thursday announced the launch of a battery replacement and retro-fitment model in partnership with garage network platform SpareIt.The collaboration with SpareIt is aimed at addressing various battery-related issues, such as prolonged downtimes and a lot of dead inventory, Log9 Materials said in a [...]
Mahindra launches electric three-wheeler tagged at Rs 1.44 lakh
New Delhi, Jan 27 (PTI) Mahindra Electric Mobility on Thursday said it has launched its new electric 3-wheeler e-Alfa Cargo, priced at Rs 1.44 lakh (ex-showroom Delhi).The launch of the e-Alfa Cargo marks the company's entry into the rapidly growing e-cart segment."The last-mile delivery segment is seeing excellent adoption of electric 3-wheelers due to significant [...]
BoAt files papers with SEBI for Rs 2,000-cr IPO
Imagine Marketing, owner of consumer electronics brand BoAt, has filed a preliminary prospectus with capital markets regulator Sebi to raise Rs 2,000 crore through an initial public offering (IPO). The public issue consists of a fresh issue of equity shares, aggregating up to Rs 900 crore and an offer for sale aggregating up to Rs [...]
Green hydrogen policy to be unveiled in next 10 days: R K Singh
New Delhi, Jan 27 (PTI) The green hydrogen policy will be unveiled in the next 10 days featuring incentives like free transmission for 25 years to boost production of this clean source of energy, Power and New & Renewable Energy Minister R K Singh said on Thursday. "We will come out with the green hydrogen [...]
HarperCollins Publishers India announces Onam in a Nightie Stories from a Kerala Quarantine by Anjana Menon
NEW DELHI, Jan. 27, 2022 /PRNewswire/ -- OUT NOW! https://amzn.to/3nEb0VP 'A must read' -Scroll.in 'This is a terrific book.' -Sanjaya Baru, author of the best seller The Accidental Prime Minister 'It is a relief and a pleasure to find a book that … reveals the true character of a state, a second world trapped in [...]
Buy Samsung Smart TVs on EMIs as Low as Rs. 836 on the Bajaj Finserv EMI Store
Pune, Maharashtra, India (NewsVoir) The Bajaj Finserv EMI Store has announced attractive deals and cashback offers on top-notch Samsung LED TVs across price ranges. Customers can purchase Samsung smart TVs on EMIs as low as Rs. 836 and avail up to Rs. 2,000 cashback on every purchase. Samsung smart TVs are mainly known for the [...]
Sun Pharma launches dry eye treatment product in Canada
New Delhi, Jan 27 (PTI) Sun Pharmaceutical Industries on Thursday said its subsidiary has launched Cequa, a new treatment for dry eye disease, in Canada.Sun Pharma Canada Inc, a wholly-owned subsidiary of the Mumbai-based drug major, has introduced Cequa (cyclosporine ophthalmic solution 0.09 per cent w/v), a calcineurin inhibitor immunomodulator.The product is the first dry [...]
The Belvedere Museum in Vienna Sells NFTs of The Kiss by Gustav Klimt for Valentine’s Day
VIENNA, Jan. 26, 2022 /PRNewswire-AsiaNet/-- - Picture is available at AP Images (http://www.apimages.com) - In collaboration with NFT investment fund arteQ, the Belvedere museum is launching an NFT drop of a historical masterpiece. Just in time for Valentine's Day, the most famous depiction of a pair of lovers will be offered for sale in a [...]
Retool doubles down on India, their fastest growing foreign market
Announces Free Tier Exclusively for India-based Developers and Start-ups BENGALURU, India, Jan. 27, 2022 /PRNewswire/ -- Retool, a San Francisco-based company that enables developers to build software applications for internal use cases, today announced a new, more extensive free tier that is exclusive to the Indian market. The company, a graduate of YCombinator in 2017, [...]
Well-prepared to Build an Intelligent World – Innodisk AIoT Solutions Target EV and Smart City
TAIPEI, Jan. 27, 2022 /PRNewswire/ -- Innodisk, a leading global provider of industrial flash and memory solutions, reflects on its AIoT wins of last year and outlook for 2022. Even now, in 2022, AIoT is still a buzz that's impossible for business leaders to ignore however many are still not exactly sure how the pieces [...]
Pidilite Industries Reports Consolidated Net Sales Growth of 24% for Quarter Ended 31st December 2021
Pidilite Industries Limited, India’s leading manufacturer of adhesives, sealants and construction chemicals today announced its financial results for the quarter and nine months ended December 31, 2021. Robust double digit revenue growth in this quarter was led by staggered pricing actions and steady demand conditions. Growth was broad based across Consumer and Bazaar (‘C&B’) and [...]
LTI, IIT Madras collaborate to innovate in 5G space
New Delhi, Jan 27 (PTI) Larsen and Toubro Infotech (LTI) on Thursday said it has partnered with IIT Madras for collaborative research in the field of 5G.Through this collaboration, LTI and IIT Madras aim to innovate in the emerging 5G space and enable 5G frameworks validation, low-frequency RF deployments and use case testing with 5G [...]
JB Chemicals to acquire brands from Sanzyme for Rs 628 crore
New Delhi, Jan 27 (PTI) JB Chemicals and Pharmaceuticals Ltd on Thursday said it will acquire brands for the Indian market from Sanzyme Pvt Ltd, a player in the probiotics and reproductive health segment, for Rs 628 crore.The brands to be acquired include those in the probiotics portfolio and reproductive health segment of Sanzyme, the [...]
Torrent Pharmaceuticals shares tumble nearly 17% after Q3 earnings
New Delhi, Jan 27 (PTI) Shares of Torrent Pharmaceuticals on Thursday tumbled nearly 17 per cent after the company's consolidated net profit declined by 16 per cent for the third quarter ended December 2021. The stock tanked 16.40 per cent to Rs 2,642.05 on the BSE. At the NSE, it tumbled 16.61 per cent to [...]
Govt notifies Air India asset transfer agreement with AIAHL; stage set for AI handover to Tata Group
New Delhi, Jan 27 (PTI) The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of [...]
Snowman Logistics PAT falls 42% to Rs 83 lakh in Dec qtr
Mumbai, Jan 27 (PTI) Temperature-controlled logistics firm Snowman Logistics on Thursday reported about a 42 per cent year-on-year drop in profit after tax (PAT) to Rs 83 lakh for the December 2021 quarter.Snowman Logistics had posted a profit of Rs 1.42 crore in Q3 FY21, the company said in a statement.The revenue in the quarter [...]
THE NEW WORLD-CLASS FACILITY FOR WHIRLPOOL CORPORATION’S GLOBAL TECHNOLOGY AND ENGINEERING CENTER IN PUNE
• Comprising of state-of-the-art research and development facilities, GTEC aims to deliver product leadership through world-class innovations • Reinforces Whirlpool's commitment to improve people's everyday lives through purposeful innovation PUNE, India, Jan. 27, 2022 /PRNewswire/ -- Whirlpool Corporation announced the relocation to a new facility in Pune for the Global Technology & Engineering Center (GTEC) [...]
Star Air Celebrates 3 years of Connecting Real India
BENGALURU, India, Jan. 27, 2022 /PRNewswire/ -- On the 25th of January 2022, Star Air, part of Sanjay Ghodawat Group, celebrated its 3rd year of Connecting Real India. As one of India's fastest-growing regional airline, the last 3 years have proven to be the most rewarding years for Star Air. With important milestones achieved, it [...]
Indian Marketers Rank Mobile and Social Media as Top Priorities for 2022 but Ad Fraud Remains a Huge Challenge, Integral Ad Science study finds
• 77% of marketers prioritising mobile, 71% social media • Ad fraud is a key concern across mobile (78%) and social media (86%) environments • Third-party verification important to ensure quality of mobile (72%) and digital audio (68%) inventory NEW DELHI and MUMBAI, India, Jan. 27, 2022 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a [...]
Nifty 50 Stocks Trading at Discount : Are you buying the Dips?
The Index share market Index Nifty 50 fell over -1.86% on the starting session on Thursday, 27th Jan 2022. It is currently trading at 16,956.00 points, compared to the 52 week high of 18,604.45 points. The Nifty 50 Index has fallen over 7.39% in the last ten days. Seeing the correction in the market, investors [...]
Raymond shares jump over 4% after strong Dec qtr earnings
New Delhi, Jan 27 (PTI) Shares of Raymond Ltd on Thursday gained over 4 per cent after the company reported a multifold jump in its net profit at Rs 101.07 crore for the third quarter ended December 2021. The stock jumped 4.37 per cent to its 52-week high of Rs 818.25 on the BSE. At [...]
Bond yields may touch pre-pandemic levels of 6.8% this quarter
Mumbai, Jan 27 (PTI) Guiding towards hardening yields of the benchmark bonds to pre-pandemic levels of 6.4-6.8 per cent this quarter and the resultant faster policy normalisation, a report has said better risk pricing always results in better price discovery in the financial markets.Amid the Fed tapering talks, domestic yields have been steadily rising in [...]
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