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Diamond stock jumps after company’s board sets record date for 1:10 stock split
The shares of a leading jewelry firm rose around 1.8% to ₹282 per share following board approval of a stock split in the ratio of 1:10. At 11:45 a.m., Motisons Jewellers Ltd. shares were trading at ₹ 276.80 apiece, down 0.13% from the previous close price on the national stock exchange. The company has a [...]
Waste management stock jumps 5% after receiving order worth ₹ 681 Cr from Kolkata Mun. Corp.
The shares of this small-cap company gained up to 5 percent after the company announced a lower bidder for the tender awarded by Kolkata Municipal Corporation worth Rs 681.49 crore. With a market capitalization of Rs 4,514.10 crore, EMS Limited's shares were trading at Rs 812.90 per share, increasing around 0.31 percent compared to the [...]
Ambani stock jumps 13% after company’s board approved to raise ₹ 3,000 Cr
Anil Ambani-backed infrastructure stock hit a 52-week high, surging nearly 13 percent after announcing a Rs.3,000 crore preferential issue via Qualified Institutional Placement (QIP), with plans to issue up to 12.56 crore equity shares through preferential allotment. Share Price Movement In Friday’s trading session, Reliance Infrastructure Ltd’s shares hit a 52-week high of Rs.320 per [...]
Chemical stock in which LIC increased their stake by 2.68% to keep on your radar
India’s chemical industry is highly diversified, covering over 80,000 commercial products. It can be broadly categorised into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilizers. Currently, India ranks as the sixth-largest producer of chemicals in the world and third in Asia, contributing 7 percent to the nation’s GDP. India ranks as the fourth-largest producer [...]
Hidden Gem: Telecom stock with 30% revenue growth guidance for FY25 to look out for
The telecommunications sector in India is a significant part of the economy, marked by rapid growth and innovation. This industry encompasses a range of services, including mobile and internet connectivity, and has been pivotal in driving the country's digital transformation. As of now, the sector is witnessing a shift towards 5G technology, which is expected [...]
Alcohol stocks jump 4% after Andhra Pradesh Govt. allows private retailers to sell liquor
According to Ibis Researched Information Services Pvt Ltd, the breweries and distilleries industry in India is a rapidly expanding sector, currently valued at approximately USD 52 billion. It is projected to reach USD 70 billion by 2026, driven by a growing middle class and increasing urbanization. The Indian beer market alone has seen a consistent [...]
Ambani stock hits 5% upper circuit after company becomes debt free
This reliance group stock touched a 5% upper circuit for the second consecutive day after it settled an obligation of Rs. 3,872.04 crores. Stock Price Variations: With a market capitalization of Rs. 13,247 crores the shares of Reliance Power Ltd touched the upper price band of 5% at Rs. 32.62 for the second consecutive day [...]
Block Deal: Stock jumps after mutual fund bought 2.15% stake in the company
During Thursday’s trading session, the shares of an international QSR chain in India surged 1.5 percent to Rs. 109.7 on BSE, after Mirae Asset Mutual Fund bought a 2.15 percent stake worth nearly Rs. 112.8 crores in the company via a block deal on NSE. With a market capitalisation of Rs. 5,329.8 crores, the shares [...]
Infra stock jumps after receiving an order worth ₹ 10 Cr from Bharti Airtel
Shares of this infrastructure company, operating in the engineering and construction sector, surged nearly 2 percent after securing a Rs.10 crore order for the supply of Galvanized Iron (GI) poles to Bharti Airtel Limited. Price Variation In Thursday’s trading session, Bondada Engineering Limited's share price hit an intraday high of Rs.614 per share, up 1.7 [...]
Defence stock jumps 5% after receiving order worth ₹ 154.4 Cr for electronic modules
Shares of this stock operating mainly in the defence electronics and cable harnessing sectors, surged over 5 percent after winning Rs.154.8 crore order for supplying Radio Frequency Electronics Modules to ELTA Systems Ltd., Israel. Price Movement In Thursday’s trading session, DCX Systems Limited's share price hit an intraday high of Rs.355.05 per share, up 5.4 [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
BPCL to invest Rs 10,000 cr in 6 new city gas licences
New Delhi, Jan 25 (PTI) Bharat Petroleum Corporation Ltd (BPCL) on Tuesday said it will invest Rs 10,000 crore over the next five years in setting up city gas distribution networks in the cities for which it secured licences in the latest bidding round. BPCL won licences to retail CNG to automobiles and piped natural [...]
Cairn says completed all steps of retro tax repeal law, entitled to Rs 7,900 cr tax refund
New Delhi, Jan 25 (PTI) Britain's Cairn Energy on Tuesday said it has complied with all rules of the retro tax repeal law to now become eligible for about Rs 7,900 crore refund of taxes that were collected from it to enforce a retrospective tax demand.As part of the settlement reached with the government in [...]
MUMBAI, JAN 25 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.
COPPER :- COPPER CABEL SCRAP 732.00 COPPER HEAVY SCRAPS 723.00 COPPER ARMATURE (CREDIT) 702.00 COPPER UTENSILS SCRAP 637.00 CC ROD 774.00 BRASS :- BRASS SHEET CUTTING 536.00 BRASS UTENSIL SCRAP 485.00 BRASS HONEY 477.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 184.00 ALUMINIUM EXTRUSION SCRAP 216.00 ALUMINIUM INGOTS 248.00 OTHER : - GUN METAL SCRAP 520.00 ZINC [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, JAN 25 (PTI) OILS (per 10 Kgs) G.Nut Raw 1330.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1200.00 Sunflower Exp.Ref. 1260.00 Cottonseed(Refined) 1260.00 Refined Palm Oil 1183.00 Soyabean Ref. 1230.00 Imp.Soyabean Crude - Rapeseed Ref. 1700.00 Rapeseed Exp. 1670.00 Copra white 1580.00 Rice Bran 4-7% FFA - Rice Bran 1150.00 Linseed 1950.00 Castor [...]
R K Singh flags off 4 ambulances to IGIMS Patna
New Delhi, Jan 25 (PTI) Union Power Minister R K Singh on Tuesday flagged off four ambulances provided by state run power giant NTPC for Indira Gandhi Institute of Medical Sciences (IGIMS), Patna. The keys of vehicles were handed over to Dr Manish Mandal, the medical superintendent of IGIMS, in a function where Singh joined [...]
SRF Q3 Results: Profit up 56% to Rs 506 cr
New Delhi, Jan 25 (PTI) Chemical firm SRF Ltd on Tuesday reported a 56 per cent increase in consolidated net profit to Rs 506 crore for the quarter ended December. Its net profit stood at Rs 324 crore in the year-ago period. Revenue from operation grew 56 per cent to Rs 3,346 crore during the [...]
Luxury Watch Boutique Art of Time brings the World of Haute Horlogerie into your Home
The New Destination of Horology Mumbai, Maharashtra, India (NewsVoir) At a time when ‘Work from home’, ‘lockdown’, ‘quarantine’ and ‘restrictions’ are the most common on everybody’s lips, it is fairly clear that the world has changed, and few have felt the effects of this change more than the luxury retail industry. In these unprecedented times, [...]
Increase customs duty on aluminium scrap to 10 pc: AAI
New Delhi, Jan 25 (PTI) The Aluminium Association of India (AAI) on Tuesday said India's consumption of scrap is almost fully import-dependent and has sought an increase of customs duty on aluminium scrap to 10 per cent, despite having a significant presence of primary aluminium capacity and potential to generate sufficient domestic scrap. Currently, custom [...]
Cash-strapped Pak raises USD 1 bn through Islamic bond at record interest to keep forex reserves afloat
Islamabad, Jan 25 (PTI) Pakistan has raised a whopping USD 1 billion loan through the Sukuk bond at a record 7.95 per cent interest rate, the highest cost that the cash-strapped country has agreed to pay in its history on an Islamic bond, and has also agreed to pledge a portion of the Lahore-Islamabad Motorway [...]
BEENEXT, Mirae infuse USD 22 mln in Raise Financial Services
Mumbai, Jan 25 (PTI) Raise Financial Services, a city-based fintech which lends to long-term investors and super traders, on Tuesday announced a USD 22 million (about Rs 164.4 crore) fundraise led by BEENEXT and Mirae Asset Venture Investments.The startup will deploy the newly raised funds into its November 2021-launched investment platform Dhan, to strengthen the [...]
Govt imposes curbs on export of human hair
New Delhi, Jan 25 (PTI) The government on Tuesday imposed restrictions on the export of human hair, a move, according to the hair industry, would help in checking alleged smuggling of the product from India. Hair exports were earlier allowed without any restriction. But now an exporter would have to seek permission or licence from [...]
RAI says there is need for Emergency Credit Line Guarantee Scheme for biz establishments
New Delhi, Jan 25 (PTI) Retailer's body RAI on Tuesday said there is a need for the Emergency Credit Line Guarantee Scheme (ECLGS) for business establishments of the sector, which have been impacted by COVID-19-related restrictions. In its Budget wish list, the Retailers Association of India (RAI) also said more money needs to be put [...]
HARYANA CITY GAS BAGS MOST LUCRATIVE AREAS NAGPUR & RAIPUR
Gurugram based HCG (KCE) Pvt. Ltd. led by Mr. Kapil Chopra has surprised everybody by winning the top two most lucrative GA’s: Nagpur & Raipur under round XI CGD bidding invited by Petroleum & Natural Gas Regulatory Board recently. Company’s CEO Mr. Rahul Chopra said that “As per various survey sources, these two geographical areas [...]
Smartron Group secures up to $200mn capital commitment from GEM Group
New Delhi, Jan 25 (PTI) Tech company Smartron on Tuesday said it has signed an agreement with Global Emerging Markets Group (GEM), wherein the alternative investment organisation will provide a share subscription facility of up to USD 200 million (about Rs 1,495.8 crore).Smartron has developed and introduced a range of smart and intelligent products powered [...]
Refined soya oil futures fall on low demand
New Delhi, Jan 25 (PTI) Refined soya oil prices on Tuesday fell by Re 1 to Rs 1,259 per 10 kg in the futures trade as speculators reduced holdings amid subdued demand in the spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined Re 1, or 0.08 [...]
CB Insights Accolades Bertelsmann India Investments as Top Investor
New Delhi, Delhi, India (NewsVoir) Bertelsmann India Investments, a venture capital fund focussed on investing in Series B and Series C startups, has secured rank #1 globally in Top investors and Top CVC category as per CB Insights - State of Venture report. The annual report shares global data and analysis on deal making, funding, [...]
FRL independent directors turn down Amazon’s bailout offer
New Delhi, Jan 25 (PTI) Independent directors of Future Retail Ltd (FRL) have turned down Amazon's offer of financial support to the company through a deal with private equity firm Samara Capital, saying the offer is "plainly an attempt to buy the FRL assets on the cheap". FRL's independent directors had last week asked Amazon [...]
Guar seed futures rise on fresh bets
New Delhi, Jan 25 (PTI) Guar seed prices on Tuesday rose by Rs 67 to Rs 6,287 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 by Rs 67, or [...]
Working with AWS to meet growing demand for online learning: upGrad
New Delhi, Jan 25 (PTI) upGrad on Tuesday said it has moved the vast majority of its IT infrastructure to Amazon Web Services (AWS), a move that has helped the higher education technology provider rapidly scale to meet the burgeoning demand for online education during the COVID-19 pandemic. The edtech company has doubled its learner [...]
AP Mahesh Co-op Urban Bank servers hacked, Rs 12 crore siphoned off
Hyderabad, Jan 25 (PTI) Servers of city-based Andhra Pradesh Mahesh Co-operative Urban Bank were hacked by some people and funds to the tune of nearly Rs 12 crore were allegedly fraudulently transferred to several bank accounts across the country, police said on Tuesday. A senior official of the AP Mahesh Co-operative Urban Bank said funds [...]
Deepak Nitrite Limited Announces Q3 & 9M FY2022 Earnings
Achieved highest ever top line in Q3, both on standalone and consolidated basis For 9M FY22 (Consolidated): • Revenues at Rs. 4,969 crore, up by 71% Y-o-Y • EBITDA at Rs. 1,232 crore, higher by 53% Y-o-Y • PAT, at Rs. 799 crore, rises 65% on a Y-o-Y basis MUMBAI and VADODARA, India, Jan. 25, [...]
Guar gum futures gain on spot demand
New Delhi, Jan 25 (PTI) Guar gum prices on Tuesday gained Rs 173 to Rs 11,729 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 1.50 per cent, or Rs 173, to [...]
HMSI launches 2022 CBR 650R at Rs 9.35 lakh
New Delhi, Jan 25 (PTI) Honda Motorcycle & Scooter India on Tuesday said it has launched a new version of the CBR 650R bike in the country, priced at Rs 9.35 lakh (ex-showroom Gurugram).The new version -- 2022 CBR 650R -- has made its way to the Indian market through the completely knocked down (CKD) [...]
Federal Bank Q3 Results: Net profit rises by 29% to Rs 522 cr
New Delhi, Jan 25 (PTI) Federal Bank on Tuesday posted a 29 per cent rise in net profit at Rs 522 crore for the third quarter ended December 2021. The private sector lender had registered a profit of Rs 404.10 crore in the year-ago period. The total income remained flat at Rs 3,926.75 crore during [...]
TPCI seeks support measures in Budget to promote food, beverage industry
New Delhi, Jan 25 (PTI) The Trade Promotion Council of India (TPCI) on Tuesday suggested the government to announce incentives in the forthcoming Budget for activities such as branding and marketing of made in India products, setting up of modern R&D labs and duty-free import of raw material by SEZ units with an aim to [...]
Crude oil futures rise on spot demand
New Delhi, Jan 25 (PTI) Crude oil prices rose Rs 36 to Rs 6,276 per barrel on Tuesday 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 36, or 0.58 per cent, at Rs 6,276 per barrel in 8,270 [...]
Hero Electric partners with ALT Mobility to deploy 10,000 Hero Nyx by 2023
New Delhi, Jan 25 (PTI) Hero Electric on Tuesday said it has partnered with ALT Mobility, a dedicated platform for leasing of electric vehicles for the logistics market, to deploy its electric two-wheeler Hero Nyx. Under the collaboration, the companies will work with logistic aggregators and fleet operators to deploy 10,000 Hero Nyx electric scooters [...]
Infosys partners Tennis Australia to drive new digital learning, accessibility initiatives
New Delhi, Jan 25 (PTI) IT major Infosys on Tuesday announced a Corporate Social Responsibility (CSR) collaboration with Tennis Australia to drive new digital learning and accessibility initiatives for under-represented communities.This programme is part of Infosys and Tennis Australia's Digital Innovation Partnership, which was recently extended until 2026, a statement said."As Infosys continues to enhance [...]
Elixia Tech Solutions Launches Elixia Connect
• India's first WhatsApp-driven, end-to-end tech-powered logistics marketplace • A cloud-based application that can easily be operated from the mobile application, will give better visibility and control over logistics processes • An app with nine Indian regional languages and interactive features • Elixia Connect foresees Gross Merchandise Value (GMV) cross INR 105 crores of transactions [...]
Republic Day Sale: Get 39 Percent Cashback on The Sleep Company Mattress on the Bajaj Finserv EMI Store
Bajaj Finserv EMI Store is offering exclusive benefits like No Cost EMI offers and up to 39% cashback Pune, Maharashtra, India (NewsVoir) This Republic Day, the Bajaj Finserv EMI Store is offering exclusive deals and cashback offers on The Sleep Company mattresses along with several other benefits. Customers can not only avail of the 39% [...]
Republic Day Sale: Get flat 30 percent Cashback on Gear Cycles on the Bajaj Finserv EMI Store
Along with 30% cashback on gear cycles, shoppers can even avail of No Cost EMI at the Bajaj Finserv EMI Store Pune, Maharashtra, India (NewsVoir) On the special occasion of Republic Day, the Bajaj Finserv EMI Store has announced exciting discounts and cashback offers on gear cycles across a wide range of brands. The special [...]
Cash-strapped Pak raises USD 1 bn through Islamic bond at record interest to keep forex reserves afloat
Islamabad, Jan 25 (PTI) Pakistan has raised a whopping USD 1 billion loan through the Sukuk bond at a record 7.95 per cent interest rate, the highest cost that the cash-strapped country has agreed to pay in its history on an Islamic bond, media reports said on Tuesday. The Ministry of Finance said that the [...]
Radiant Shadows Hospitality Pvt. Ltd. Launches Luxurious Hospitality Endeavour The Atmos Hotel
Experience the world of divine luxury and delectable Hospitality at The Atmos Pune, Maharashtra, India (NewsVoir) Radiant Shadows Hospitality Pvt. Ltd. has successfully launched another Hospitality venture - The Atmos, at the prime business hub location of Hinjewadi, Pune. The hotel gives you a sophisticated atmosphere for your stay. It is situated near IT parks, [...]
NEWSALERT
Maruti Suzuki Q3 consolidated net profit down 48 pc at Rs 1,042 crore; total revenue dips marginally to Rs 23,253 crore: Filing. PTI MSS BAL BAL
Money Market Operations
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 4,85,305.76 4.21 0.01-6.15 I. Call Money 8,793.50 3.98 2.20-4.50 II. Triparty Repo 3,72,840.65 4.20 4.05-4.28 III. Market Repo 1,03,583.61 4.27 0.01-4.40 IV. Repo in Corporate Bond 88.00 6.15 6.15-6.15 B. Term Segment I. Notice Money** [...]
Power trade volume in Dec quarter rises 37% to 27.6 BU at IEX
New Delhi, Jan 25 (PTI) Power trade volume at Indian Energy Exchange (IEX) rose 37 per cent year-on-year to 27.6 billion units (BU) in the December quarter, mainly due to higher electricity consumption. "During the quarter (October-December), volumes on the Exchange grew by 37 per cent YoY (year-on-year) with 27.6 BU volumes traded versus 20.1 [...]
PRICES MUM GENERAL OPEN
MUMBAI, JAN 25 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 63853.00 STANDARD GOLD (99.5) : 48689.00 PURE GOLD (99.9) : 48885.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 64900.00 RS. PER KG.SILVER RDY.(PORTION) : 65000.00 RS. PER KG.GOLD (24 CARAT) RDY. : 49400.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 48850.00 RS. PER [...]
Future Retail moves SC, requests to restrain lenders from declaring Co as NPA in case of default
New Delhi, Jan 25 (PTI) Kishore Biyani-led Future Retail Ltd (FRL) on Tuesday moved the Supreme Court requesting it to pass a direction to restrain its lenders from declaring the company as a non-performing asset (NPA) in case of a default of Rs 3,494.56 crore. Earlier this month, Future Retail had said it had missed [...]
ESIC scheme adds 10.28 lakh new members in November
New Delhi, Jan 25 (PTI) Around 10.28 lakh new members joined the ESIC-run social security scheme in November 2021 against 12.39 lakh in the previous month, official data showed on Tuesday, giving a perspective on formal sector employment in the country.The latest data is part of a report released by the National Statistical Office (NSO).Gross [...]
MP home minister directs DGP to file FIR against Amazon officials, owner
Bhopal, Jan 25 (PTI) Amid a row, the Madhya Pradesh government has directed the police to register an FIR against officials of e-commerce giant Amazon and its owner for allegedly selling products, including shoes, with the image of the Indian national flag, Home Minister Narottam Mishra said on Tuesday. Amazon faced the ire of a [...]
Micro-loan securitisation volumes may see impact in Q4 due to third COVID-19 wave: Report
Mumbai, Jan 25 (PTI) The securitisation volumes in microfinance loans, which saw improvement in the first nine months of FY22, may witness some impact in the fourth quarter due to concerns over the third COVID-19 wave, Icra Ratings on Tuesday said.In the first nine months of the current fiscal, there was a recovery in absolute [...]
Job postings in Travel & Tourism sector sees 4% rise in Dec: Report
Mumbai, Jan 25 (PTI) The travel and tourism industry, one of the hardest hit by the pandemic in the country, is on the path of recovery and registered a 4 per cent year-on-year growth in job postings during December 2021, according to a report. According to a report by Monster Employment Index, the travel and [...]
Omnicomm Announces Lifetime Warranty for Its Fuel Level Sensors in India
Bangalore, Karnataka, India – Business Wire India The global fleet and fuel management solution provider Omnicomm recently announced a Lifetime Warranty on its line of fuel sensors, becoming the first company to do so in the Indian market among fuel monitoring hardware manufacturers. Omnicomm has been a key player in the fleet and fuel management [...]
Wallet Care by Bajaj Finserv with Coverage up to Rs. 2 Lakh Now at Just Rs. 498
Pune, Maharashtra, India (NewsVoir) Bajaj Finserv is offering a discount of Rs. 201 on the premium of Wallet Care. This Pocket Insurance plan, which otherwise comes at a premium of Rs. 699 is now available at just Rs. 498. You can use the coupon code BFL2022 to avail of the discount offer. Here are the [...]
Tech Startup Aerion Labs premieres world’s first head-mounted air purifier in India
COIMBATORE, India, Jan. 25, 2022 /PRNewswire/ -- Aerion Labs, a tech startup focused on wearable healthcare technology, has announced the launch of the world's first head-mounted air purifier on Republic Day. This wearable device is designed to help people suffering from health ailments such as asthma and dust allergies. Building off of PM Modi's Make [...]
Blue Nectar launches authentic Kumkumadi Tailam with a brand-new skin care range of pure Ayurvedic products
NEW DELHI, Jan. 25, 2022 /PRNewswire/ -- When it comes to ancient Ayurvedic wisdom, saffron is one of the most valued ingredients specially when it comes to skin glow. It is for this reason that the Kumkumadi tailam is known as 'Miraculous Elixir'. Blue Nectar, a contemporary Ayurved brand is championing the ayurvedic space with [...]
Vajro raises USD 8.5 mn from Five Elms Capital
New Delhi, Jan 25 (PTI) Mobile app builder firm Vajro on Tuesday said it has raised USD 8.5 million (around Rs 63.52 crore) in a funding round from Kansas City-based growth equity firm Five Elms Capital. Vajro enables ecommerce store owners and service providers to create mobile shopping apps for Android and iOS users in [...]
Content Engineers raises USD 50 mn from Veear Projects
New Delhi, Jan 25 (PTI) Film and digital studio startup Content Engineers on Tuesday said it has raised USD 50 million (over Rs 370 crore) as an initial investment from technology consulting and angel investing enterprise Veear Projects Inc.The fund will be used to create intellectual properties of creative content -- including feature films, web [...]
SBI Card shares jump nearly 5% post earnings announcement
New Delhi, Jan 25 (PTI) Shares of SBI Cards and Payment Services on Tuesday gained nearly 5 per cent after the firm reported an 84 per cent jump in net profit for December quarter 2021. The company's stock zoomed 4.90 per cent to Rs 854 on the BSE. At the NSE, it jumped 4.90 per [...]
Airtel commissions 21-MW solar power unit in Maharashtra
New Delhi, Jan 25 (PTI) Telecom operator Bharti Airtel on Tuesday said it has commissioned a new 21-megawatt solar power plant in Buldhana district of Maharashtra as part of its commitment to reduce carbon footprint and contribute to the global efforts to curb the effects of climate change.The company expects the solar-powered unit to reduce [...]
Indian economy has recovered ‘handsomely’ from pandemic-induced disruptions: Panagariya
New Delhi, Jan 25 (PTI) The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog Vice Chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal [...]
Axis Bank shares jump nearly 5% after 3-fold rise in Q3 net
New Delhi, Jan 25 (PTI) Shares of Axis Bank on Tuesday rallied nearly 5 per cent after the company's consolidated net profit for the December quarter zoomed nearly three-folds. The stock jumped 4.80 per cent to Rs 738.20 on the BSE. At the NSE, it gained 4.77 per cent to Rs 738.25. Axis Bank's consolidated [...]
Important to adopt a healthy lifestyle to manage heart failure
"The utter disregard for adopting a healthy lifestyle, more so by patients treated for any kind of coronary heart disease, is among the major causes for heart failure," said Dr. Rabin Chakraborty. People are not paying heed to the time-tested wisdom that mindless snacking and eating are the major drivers of heart failure in humans. [...]
ideaForge completes in time delivery of the $20m SWITCH 1.0 UAVs contract and starts work on additional order
MUMBAI, India, Jan. 25, 2022 /PRNewswire/ -- Back in November 2021, the occasion of Hon. Prime Minister Shri Narendra Modi handing over ideaForge's High Altitude SWITCH UAV to the Indian Army marked the on-time execution of the first high-value drone contract received by an Indian firm. ideaForge received the $20 Million contract after clearing tough [...]
Todd Skinner of TransUnion credit reporting agency appointed to USIBC global board
Washington, Jan 25 (PTI) American consumer credit reporting agency TransUnion's international business president Todd Skinner has been appointed to the global board of business advocacy group US-India Business Council, according to a statement. Skinner, who has nearly 30 years of experience delivering information solutions at leading global companies, is currently responsible for leading the Chicago-headquartered [...]
TAXES ON GOLD NEED AN URGENT RELOOK
If the grey market for gold could be addressed, it could get the government a bounty in higher tax collections Gold! It stirs many an emotion in an Indian family’s mind. When gold demand picks up, the economics makes the policymaker’s plan shine. The joy that jewellery gives to women can be inexplicable for many. [...]
HarperCollins Publishers India presents Turds of Gold by Jugal Mody
NEW DELHI, Jan. 25, 2022 /PRNewswire/ -- HarperCollins is proud to present Turds of Gold by Jugal Mody. Bombay is suffering from a severe gastric epidemic of inexplicable origins. A young freelance caregiver, Nikunj, discovers that he has the superpower to make anyone poop, and with that poop, cure the person of any stomach ailments. [...]
Radio City Maintains Leadership Position with a Strong Profit Growth
Mumbai, Maharashtra, India (NewsVoir) Music Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its Financial Results for the Quarter ended December 31st, 2021. • Key Highlights - Q3 FY22: • Maintained Leadership Position with 22% Volume Market Share • Q3 FY22 Top line of Rs 60.0 Crores; 47% Growth YoY • EBITDA* [...]
Darwinbox raises USD 72 mn; becomes first unicorn from Hyderabad
Hyderabad, Jan 25 (PTI): Darwinbox, a city-headquartered enterprise HR Tech Company on Tuesday said it raised USD 72 million from investors and the company’s valuation post this round will cross the USD one billion thus becoming the first unicorn from the city. The investment round was led by Technology Crossover Ventures (TCV) along with participation [...]
Angie Frederick joins C5MI as Partner and Chief Operating Officer
HYDERABAD, India and CHICAGO, Jan. 24, 2022 /PRNewswire/ -- Angie Frederick has been named the Chief Operating Officer and Partner of C5MI. Angie is a high-profile executive and leader with a proven track record across two Fortune 100 organizations – Honeywell Building Technologies and Caterpillar and recognized among the Global Top 100 Influential Women in [...]
IMPRESSION Randomized Trial: Past the halfway mark and progressing rapidly
SINGAPORE, Jan. 24, 2022 /PRNewswire/ -- Concept Medical Inc., focused on vascular intervention drug delivery devices, shares the latest status of its IMPRESSION (sIroliMus coated balloon angioPlasty versus plain balloon angioplasty in the tREatment of dialySis acceSs dysfunctION) randomized controlled trial (RCT), as it crosses the 50 per cent enrollment mark. IMPRESSION randomized trial enrolled [...]
Pan India D2C Coffee brand SLAY Coffee announces strategic tie-up with Farmer Produce Organisation for coffee sourcing
BANGALORE, India, Jan. 25, 2022 /PRNewswire/ -- With the intent of working directly with farmers and creating an impact on the ground level, SLAY Coffee today announced a strategic collaboration with one of the Coffee Farmer Producer Organisations. As a young 3 year old brand, SLAY already has a significant share of the total coffee [...]
Tredence Propels Intelligent Enterprise Rebate Management with Launch of Rebate.ai
CHENNAI, India and BENGALURU, India, Jan. 25, 2022 /PRNewswire/ -- Tredence Inc., a leading data science and AI engineering company, announced the launch of its new B2B rebate management and analytics platform, Rebate.ai. The platform is equipped with advanced analytics to deliver real-time, contextual insights for everyone in the rebate ecosystem, including buying groups, distributors [...]
Supreme Industries Q3 Results: Consolidated profit down 21.3% to Rs 245.72 cr
Plastic products maker Supreme Industries Ltd on Monday reported a 21.31 per cent decline in consolidated profit to Rs 245.72 crore for the quarter ended in December 2021. The company had posted a net profit of Rs 312.28 crore during the October-December quarter of the previous fiscal, Supreme Industries Ltd said in a regulatory filing. [...]
Surge pricing by cabs in Delhi can’t be more than twice the base fare: Draft aggregators scheme
New Delhi, Jan 24(PTI) App-based cab aggregators in the national capital will be able to impose surge price that will not be more than double of base fare during peak demand hours, according to the draft of Motor Vehicle Aggregators Scheme, 2021, issued by the Delhi government on Monday. The aggregators will also be required [...]
Govt tweaks spending norms for Contingency Fund
New Delhi, Jan 24 (PTI) The government has tweaked spending norms for Contingency Fund of India, allowing 40 per cent of the total corpus to be placed at disposal of the Expenditure Secretary. Budget 2021-22 proposed to enhance the Contingency Fund of India from Rs 500 crore to Rs 30,000 crore through Finance Bill. "An [...]
Pune firm says its RT-PCR test can detect ‘all current, previous’ relevant strains of coronavirus
Pune, Jan 24 (PTI) The GenePath Dx CoviDelta RT-PCR test, which was developed by GenePath Diagnostics - a Pune and USA based company, has been found to be 100 per cent concordant with whole-genome sequencing in identifying Covid-19 positive samples as belonging to the Delta-lineage or Omicron-lineage - the two most widespread lineages currently in [...]
Telecom dept will not interfere in mobile manufacturing: Vaishnaw
New Delhi, Jan 24 (PTI) Communications and IT Minister Ashwini Vaishnaw on Monday said the telecom department will not interfere in matters related to mobile phone manufacturing.His comments came amid the industry’s apprehensions that there could be heavy regulations if the Department of Telecom decides to control the mobile manufacturing activities."Telecom department is not going [...]
Govt mulling policy to facilitate creation of indigenous mobile operating system- MoS IT
New Delhi, Jan 24 (PTI) The government is planning to come up with a policy that will facilitate an ecosystem for the industry to create an indigenous operating system as an alternative to Google's Android and Apple's iOS, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday. At present, mobile phones [...]
Telecom dept will not interfere in mobile manufacturing: Vaishnaw
New Delhi, Jan 24 (PTI) Communications and IT Minister Ashwini Vaishnaw on Monday said the telecom department will not interfere in matters related to mobile phone manufacturing. His comments came amid the industry's apprehensions that there could be heavy regulations if the Department of Telecom decides to control the mobile manufacturing activities. "The telecom department [...]
Amazon faces flak on social media for allegedly insulting Indian flag
New Delhi, Jan 24 (PTI) Amazon on Monday faced the ire of a section of Indian social media users over merchandising some products, including apparel and food items, that feature images of the Indian flag, with some saying that using the tricolour in such a way was an insult and a violation of the country's [...]
Future Retail misses servicing of interest payment on USD Notes
New Delhi, Jan 24 (PTI) Future Retail Ltd, which operates chains such as big bazaar and Easyday and Heritage among others, on Monday said it has missed payment of interest due on the dollar denominated notes (USD Notes), listed on Singapore Stock Exchange, due to weakening of its liquidity position. The Kishore Biyani-led Future Group [...]
Sebi Bans 14 entities in Lux Industries insider trading case
New Delhi, Jan 24 (PTI) Capital markets regulator Sebi on Monday barred 14 entities for indulging in insider trading and ordered impounding ill-gotten gains of Rs 2.94 crore in the matter of Lux Industries Ltd. Those banned by Sebi include Udit Todi, the son of the managing director of Lux, and is currently holding the post of [...]
Deepak Nitrite Q3 consolidated net up 12% at Rs 242.46 cr
Mumbai, Jan 24 (PTI) Chemicals firm Deepak Nitrite (DNL) on Monday reported nearly 12 per cent increase in net profit for the quarter ending December 31, 2021, compared to the same period of the previous financial year. The company posted a net profit of Rs 242.46 crore for the quarter against Rs 216.56 crore in [...]
Zensar Tech posts 8% dip in net at Rs 91 cr in Dec qtr
New Delhi, Jan 24 (PTI) Zensar Technologies on Monday said its net profit declined 7.8 per cent to Rs 91 crore for the December 2021 quarter. It had posted a net profit of Rs 98.7 crore in the year-ago period, Zensar Technologies said in a statement. Its revenue, however, rose 21.6 per cent to Rs [...]
Koo launches Voters Guide to encourage people to vote, build greater public trust in electoral process
New Delhi, Jan 24 (PTI) Microblogging platform Koo on Monday said it has released a multi-lingual guide on Voter Rights and Responsibilities as part of efforts to empower first-time voters to make informed decisions during the upcoming legislative assembly elections. The Koo Voters Guide focuses on the basic rights of the Indian voter as enshrined [...]
Biz activity dips to pre-pandemic levels amid third COVID wave: Report
Mumbai, Jan 24 (PTI) The ongoing third wave of the coronvirus pandemic has dragged business activity almost back to the pre-pandemic levels, a weekly report tracking the changes said on Monday. The Nomura India Business Resumption Index (NIBRI) -- which compares the activity in a particular week with that of the pre-pandemic levels -- fell [...]
Telecom dept will not interfere in mobile manufacturing: Vaishnaw
New Delhi, Jan 24 (PTI) Communications and IT Minister Ashwani Vaishnaw on Monday said the telecom department will not interfere in matters related to mobile phone manufacturing. His comments came amid the industry's apprehensions that there could be heavy regulations if the Department of Telecom decides to control the mobile manufacturing activities. "The telecom department [...]
China sees big slump in ivory smuggling
Beijing, Jan 24 (PTI) China has seen a significant decline in ivory smuggling, acting on calls to save the African elephants whose population is on a sharp decline. The total volume of seized ivory products plunged to 68 kg last year from 9.2 tonnes in 2019, Ni Yuefeng, head of the General Administration of Customs [...]
Make ‘vocal for local’ a national movement: Goyal tells girl innovators
New Delhi, Jan 24 (PTI) Commerce and Industry Minister Piyush Goyal on Monday told girl innovators to make 'vocal for local' a national movement and become ambassadors for quality to further promote entrepreneurship in the country. Interacting with girl innovators on National Girl Child Day, he also urged them to encourage more girls to come [...]
Go First airline’s Twitter handle hacked
New Delhi, Jan 24 (PTI) The Twitter handle of Go First airline was hacked on Monday evening with the person who gained unauthorised access to the account writing posts such as "Amazing" and "Great Job". In a statement, the Go First spokesperson confirmed that the airline's official twitter account has been compromised. The airline's handle [...]
AGI Glaspac opens Rs 400 cr manufacturing unit in Telangana
Mumbai, Jan 24 (PTI) AGI Glaspac, which is among the largest container glass bottle manufacturers, has commissioned its speciality glass manufacturing unit at Bhongir in Telangana at an investment of Rs 400 crore. The plant, which has a daily capacity of 154 tonnes, will create 350 new jobs. Rajesh Khosla, President and CEO of the company, [...]
Delhi slashes number of dry days to 3, down from 21 earlier
New Delhi, Jan 24(PTI) The Delhi government on Monday reduced the number of dry days to just three from the existing 21, a move that drew praise from the hospitality industry but invited criticism from opposition BJP and Congress. Under the new excise policy, liquor shops and opium vends in the national capital will now [...]
Shriram Transport Finance Q3 Results: Net Profit down 6.47% to Rs 680.62 cr
Mumbai, Jan 24 (PTI) Non-bank financing company Shriram Transport Finance Company (STFC) on Monday reported a 6.47 per cent decline in standalone profit after tax at Rs 680.62 crore in the quarter ended December 2021 even as its net interest income increased by 11.16 per cent. The company had reported a profit after tax of [...]
Mumbai airport passenger traffic grows by 21pc in 2021
Mumbai, Jan 24 (PTI) The city's Chhatrapati Shivaji Maharaj International Airport (CSMIA) handled 21 per cent more passengers at 19.8 million in 2021 compared to the previous year, led by domestic passenger volume, which accounted for 88 per cent of the overall traffic, the private airport operator said on Monday. This was driven by the [...]
Advent buys controlling stake in deal valuing Avra Labs at USD 100 mln
Mumbai, Jan 24 (PTI) Global private equity fund Advent International on Monday said it will be acquiring a controlling stake in pharma sector-focused Avra Laboratories, in a deal which values the company promoted by A V Rama Rao at USD 100 million. The 26-year-old Avra is headquartered in Hyderabad and engaged in contract manufacturing and [...]
Go First airline’s Twitter handle hacked
New Delhi, Jan 24 (PTI) The Twitter handle of Go First airline was hacked on Monday evening with the person who gained unauthorised access to the account writing posts such as "Amazing" and "Great Job", sources said. The airline's handle tweeted the lines such as "Amazing" and "Great Job" at around 8.25 pm on Monday. [...]
Axis Bank posts 3-fold rise in Q3 net on dip in provisions
Mumbai, Jan 24 (PTI) Axis Bank's consolidated net profit for the December quarter zoomed nearly three-folds to Rs 3,973 crore, as the money set aside for any reverses on loans reduced to nearly a third of the year-ago period. On a standalone basis, the third largest private sector lender on Monday reported a profit after [...]
Sebi proposes framework to regulate ESG rating providers
New Delhi, Jan 24 (PTI) Markets regulator Sebi on Monday proposed a framework to regulate ESG (Environment, Social and Governance) rating providers that seeks to allow credit rating agencies and research analysts to provide such services. In its consultation paper, Sebi has proposed that Credit Rating Agencies (CRAs)and research analysts with a minimum net worth of [...]
Centre introduces new ranking system for state authorities giving environment clearance to increase efficiency
New Delhi, Jan 24 (PTI) The Ministry of Environment on Monday introduced a new system of ranking the State Environment Impact Assessment Authorities (SEIAAs), which have been delegated powers to consider and grant environmental clearance. The ranking system, whose criteria include the time taken for giving clearance, has been introduced to encourage efficiency, transparency and accountability [...]
Taxation of ULIP proceeds to create ‘level-playing field’ with MFs: I-T dept
New Delhi, Jan 24 (PTI) Proceeds of high-premium Unit Linked Insurance Plans (ULIPs) has been made taxable to create a "level-playing field" with mutual funds, official sources said on Monday. The Central Board of Direct Taxes (CBDT), that frames policy for the income tax department, had on January 18 notified the rules stating the method [...]
TN govt asks bankers to ensure usage of Tamil in ATMs, banks
Chennai, Jan 24 (PTI) The Tamil Nadu government on Monday urged bankers to ensure that Tamil Language is used in all public interfaces including ATMs. This was conveyed by state Finance Minister Palanivel Thiaga Rajan at a Special State Level Bankers' Committee meeting convened by him here, where incidentally, "for the first time," consultation was [...]
Alcoholic beverage industry body hails Delhi govt for reducing number of dry days to three
New Delhi, Jan 25 (PTI) An apex body of alcoholic beverage industry on Monday hailed the Delhi government for its decision to reduce the number of dry days to three from 21 last year, saying the "anachronistic anomaly" has been removed. Confederation of Indian Alcoholic Beverage Companies (CIABC) Director-General Vinod Giri welcomed the step. "This [...]
Govt mulling policy to facilitate creation of indigenous mobile operating system- MoS IT
New Delhi, Jan 24 (PTI) The government is planning to come up with a policy that will facilitate an ecosystem for the industry to create an indigenous operating system as an alternative to Google's Android and Apple's iOS, Union Minister of State for Electronics and IT Rajeev Chandrasekhar said on Monday. At present, mobile phones [...]
Quick Heal Dec qtr profit grows 6 pc to Rs 14 cr
New Delhi, Jan 24 (PTI) Security software provider Quick Heal Technologies on Monday said its consolidated net profit grew 6.1 per cent to Rs 14.3 crore in December quarter 2021. The company had posted a net profit of Rs 13.5 crore in the year-ago period, Quick Heal said in a regulatory filing. Total revenue rose [...]
Trade defence wing helps in reduction of anti-subsidy duty on Indian goods by other nations
New Delhi, Jan 24 (PTI) Activities of trade defence wing, operational under the commerce ministry, have helped in reduction of anti-subsidy duty imposed on Indian goods by other countries, an official statement said on Monday. To address the needs of Indian exporters, the Directorate General of Trade Remedies (DGTR) besides conducting investigations against dumped and [...]
Meesho to hire over 450 people this year to scale tech team
New Delhi, Jan 24 (PTI) Digital commerce platform Meesho on Monday said it aims to onboard more than 450 people this year to strengthen its technology team.Meesho has doubled the strength of its tech team in 2021, owing to the phenomenal growth witnessed by the business in the year gone by, a statement said.The company [...]
Competition Comm penalises 3 maritime transport cos for cartelisation
New Delhi, Jan 24 (PTI) The Competition Commission has imposed fines totalling more than Rs 63 crore on three maritime transport companies and individuals concerned for indulging in cartelisation. The watchdog has passed an order against four companies for cartelisation with respect to provision of maritime motor vehicle transport services to automobile Original Equipment Manufacturers [...]
Oben Electric raises USD 1 mn
New Delhi, Jan 24 (PTI) Electric vehicle start-up Oben Electric on Monday said it has raised USD 1 million (around Rs 7.5 crore) in funding from investors, including GVK Power & Infra Board Member Krishna Bhupal and IIFL Wealth Executive Director Shajikumar Devakar. The round follows the USD 1.5 million raised in December 2021 which [...]
Indian mythology makes it to NFT space with MetaMasters launch
New Delhi, Jan 24 (PTI) World's largest cryptocurrency exchange Binance on Monday launched its first ever Indian NFT collection inspired by Indian mythology and Southeast Asian, Japanese and Chinese folklore.The Indian NFT Collection, MetaMasters, whose unique selling proposition is bringing good fortune —'888 times more money, wealth & profits for its collectors' — will be [...]
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