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NBFC stock jumps 3% after signing MoUs worth ₹ 1.12 Lakh Cr with RE developers
Shares of a leading Infrastructure Finance Company surged 3.4 percent on BSE to Rs. 563.25 on Wednesday, after signing MoUs worth Rs. 1.12 lakh crores with RE developers, and announcing that the company’s loan book is expected to reach Rs. 10 lakh crores by 2030. With a market capitalisation of Rs. 1.43 lakh crores, at [...]
Auto ancillary stock jumps 17% after DII bought 8.61 Lakh shares in the company
The shares of the engine component manufacturer gained up to 17 percent after India’s well-known financial advisor firm bought 8.61 equity shares in the company. With a market capitalization of Rs 771.67 crore, the shares of Menon Bearings Ltd were trading at Rs 137.40 per share, increasing around 14 percent as compared to the previous [...]
Tata group stock jumps after receiving work order from Maharashtra Govt for power project
The shares of the leading power generation company jumped after the company secured a prestigious work order for a 400 MW Hybrid project. Tata Power Company Ltd has a market capitalization of Rs 1.42 lakh crore, the shares were trading at Rs 445.70 per share, increasing around 0.16 percent as compared to the previous closing [...]
Stock hits 5% upper circuit after receiving an order from Reliance Industries
The shares of this microcap company locked a 5 percent upper circuit after receiving an order from Reliance Industries worth over Rs. 1.31 crores. On a YTD basis, the stock has delivered more than a 100 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 924 crores, the shares of RBM [...]
Midcap stock jumps 6.7% after receiving projects worth ₹ 2,498.5 Cr from NHAI
The shares of these Infrastructure Developers & Operators rose up to 6.7% after the company emerged as the lowest bidder for the construction of bypass highways in Ayodhya from the National Highway Authority of India for a value of Rs 2,498.5 crores. Share Price Variation: With a market cap of Rs.6,564.04 crores Ceigall India stock [...]
Auto stock to sell now for downside of 40%; Do you hold it?
According to CLSA's prediction, the share price of this prominent automobile manufacturer, specialising in two-wheelers and three-wheelers, could drop to Rs.7,000 per share, representing a 40 percent decline. Share Price Variation In Wednesday's trading session, Bajaj Auto Ltd share price is trading at Rs.11,940.9 per share, 0.08 percent down from its previous close of Rs.11,944.25 [...]
Defence stock jumps 7% after receiving an order worth ₹ 9.39 Cr from NewSpace India
The shares of this smallcap company surged around 7 percent in Wednesday’s trading session after securing an order worth Rs.9.39 crores from NewSpace India Limited. Price Movement: With a market capitalization of Rs. 4,345 crores, the shares of Avantel Ltd started Wednesday’s trading session on a higher note at Rs. 175 compared to its previous [...]
Power stock jumps 5% after receiving order from Maharashtra Govt for energy storage project
Shares of this leading integrated power utility company, jumped over 5 percent after securing an order of 1,500 MW (Mega Watt) for development of Pumped Hydro- storage project from Maharashtra State Electricity Distribution Company Ltd (MSEDCL). Price Movement In Wednesday’s trading session, Torrent Power Limited's share price reached an intraday high of Rs.1,873.2 per share, [...]
Ambani group stocks jump 8% after companies reduced their debt
Anil Ambani-backed stocks in the infrastructure and power transmission sectors are drawing attention in Wednesday’s trading session. After clearing substantial debt, these stocks have surged over 5 percent and hit the upper circuit limit, reflecting strong investor confidence and renewed interest. Share Price Movement In Wednesday’s trading session, Reliance Power Ltd’s shares reached the 5 [...]
Transformer stock jumps 4% after receiving order for transformers worth ₹ 42.56 Cr
The share of this smallcap company jumps 4 percent in Wednesday’s trading session after receiving a letter of award to supply transformers worth Rs. 42.56 crores. The stock has delivered more than 100 percent return to its shareholders in just six months. Price Movement: With a market capitalization of Rs. 2,139 crores, the shares of [...]
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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
Devas shareholders to continue seizing Indian assets abroad
New Delhi, Jan 23 (PTI) Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect USD 1.2 billion the firm has been awarded by arbitration tribunals for cancellation of a satellite deal but are open for talks to [...]
Mobikwik expects to Double Revenue this fiscal; Stays cautious on IPO launch
New Delhi, Jan 23 (PTI) IPO-bound fintech firm Mobikwik is expecting to close the current financial year with 100 per cent revenue growth, a top company official said. Mobikwik chairperson and chief operating officer Upasana Taku told PTI that the company's initial public offer (IPO) is a monumental opportunity for the company and will not [...]
Syngene Int’l looks to carry growth momentum to next fiscal
New Delhi, Jan 23 (PTI) Having raised its revenue growth guidance for 2021-22 to "high teens" on the back of robust performance, integrated research, development and manufacturing services firm Syngene International Ltd is looking forward to carry the momentum into the next fiscal, its Managing Director and CEO Jonathan Hunt said. The company, which serves [...]
Pharma industry seeks enhanced funds for healthcare sector, ease of doing biz in Budget
New Delhi, Jan 23 (PTI) The domestic pharmaceutical industry is expecting an increase in the overall fund allocation for the healthcare sector, focus on policies that encourage R&D activities and continuation of tax concessions on various drugs in the upcoming Union Budget. The industry is also seeking simplification of various processes in order to enhance [...]
Govt relaxes deadline for re-export of containers used for oxygen transport
New Delhi, Jan 23 (PTI) The customs department has given time till September 30 for the re-export high-quality containers which have been imported for efficient transportation of liquid medical oxygen during the second wave of Covid-19 pandemic. In a circular to field formations, the Central Board of Indirect Taxes and Customs (CBIC) said it has [...]
Gross office leasing in Gurugram jumps nearly two-fold, Noida sees slight rise in 2021
New Delhi, Jan 23 (PTI) The office market in Delhi-NCR remained active last year despite the COVID-19 pandemic, with Gurugram witnessing a nearly two-fold jump in gross leasing to 4 million square feet, according to Colliers India. Gross leasing of office space in Gurugram stood at 2.1 million square feet during 2020. Noida saw a [...]
Gross office leasing in Gurugram jumps nearly two-fold, Noida sees slight rise in 2021
New Delhi, Jan 23 (PTI) The office market in Delhi-NCR remained active last year despite the COVID-19 pandemic, with Gurugram witnessing a nearly two-fold jump in gross leasing to 4 million square feet, according to Colliers India. Gross leasing of office space in Gurugram stood at 2.1 million square feet during 2020. Noida saw a [...]
Gross office leasing in Gurugram jumps nearly two-fold, Noida sees slight rise in 2021
New Delhi, Jan 23 (PTI) The office market in Delhi-NCR remained active last year despite the COVID-19 pandemic, with Gurugram witnessing a nearly two-fold jump in gross leasing to 4 million square feet, according to Colliers India. Gross leasing of office space in Gurugram stood at 2.1 million square feet during 2020. Noida saw a [...]
Assocham requests govt to remove custom duty on copper concentrate
New Delhi, Jan 23 (PTI) Industry body Assocham has urged the government to reduce the customs duty on copper concentrate from the present 2.5 per cent to zero to provide a level-playing field and help industry compete with imports of value-added copper products from free trade agreement (FTA) countries under nil duty. Copper concentrate is [...]
NEWSALERT
Govt needs to do more to prevent K-shaped recovery of economy: Raghuram Rajan to PTI. PTI BKS RAM MKJ
Vardhman Textiles Q3 PAT more than doubles to Rs 431 cr
Ludhiana-based Vardhman Textiles on Saturday reported a consolidated profit-after-tax of Rs 431.51 for the third quarter ended December 2021. The group had reported a profit after tax of Rs 174.85 crore in the year-round period. Its total income for the quarter under review rose to Rs 2,666.8 crore as against Rs 1,806.85 crore in the [...]
PFS could not hold board meeting in absence of independent directors
New Delhi, Jan 22 (PTI) Power solution provider PTC India arm PTC India Financial Services (PFS) board could not hold its scheduled board meeting on Saturday in the absence of all independent directors, a source said. On Wednesday, the three independent directors -- Kamlesh Shivji Vikamsey, Santosh B Nayar and Thomas Mathew -- resigned enmasse [...]
Grant up to Rs 10 lakh to ICAR institutes, KVKs, state agri universities for purchase of drones: Agri ministry
New Delhi, Jan 22 (PTI) The government will provide grant of up to Rs 10 lakh to ICAR institutes, Krishi Vigyan Kendras (KVKs) and state agriculture universities for purchase of drones, as part of its objective to promote precision farming. The move will also help in enhancing the domestic production of drones. The Union Ministry [...]
End odd-even system for markets in Delhi , relax COVID curbs: Traders’ body
New Delhi, Jan 22 (PTI) A prominent organisation of traders on Saturday demanded that the Kejriwal government allow the opening of markets on all days of the week and relax COVID-19 restrictions.Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal noted that the positivity rate in Delhi has come down to 18 percent on [...]
ICICI Bank Q3 consolidated profit jumps nearly 19% on NII growth, lower provisions
Mumbai, Jan 22 (PTI) Private sector lender ICICI Bank on Saturday reported a nearly 19 per cent jump in its consolidated profit to Rs 6,536 crore for the quarter ended in December 2021, helped by higher net interest income (NII) and lower provisions. The bank had posted a profit after tax of Rs 5,498 crore [...]
Rs 50,000 cr investments to come to JK: Shah
New Delhi, Jan 22 (PTI) Union Home Minister Amit Shah on Saturday said Rs 50,000 crore investments will come to Jammu and Kashmir in the next few years and agreements have already been signed for Rs 12,000 crore.Virtually launching the District Good Governance Index (DGGI) in Jammu Kashmir, he said all investments together will generate [...]
Yes Bank Q3 profit zooms 80 pc as provisions decline
Mumbai, Jan 22 (PTI) Yes Bank on Saturday reported 80 per cent jump in consolidated net profit at Rs 265.76 crore for December quarter 2021-22, helped by a fall in the provisions for bad loans. The bank's core net interest income declined 31 per cent to Rs 1,764 crore, despite a 0.25 per cent expansion [...]
Delhi traders want markets to be freed from Covid restrictions: CAIT Survey
New Delhi, Jan 22 (PTI) An overwhelming majority of traders in the national capital are in favour of lifting the Covid restrictions and opening the markets on all weekdays, found a survey conducted by the Confederation of All India Traders. The traders' body stated that it has also sent a letter to the Lieutenant Governor [...]
Travel agents body TAAI seeks ‘One India One Tourism’ approach in Budget
Mumbai, Jan 22 (PTI) The Travel Agents Association of India (TAAI) has sought 'One India One Tourism' approach, which is inclusive of 'One Tax Structure,' in the forthcoming Union Budget to revive the pandemic-hit domestic travel, tourism and hospitality industry. Besides, the Association has sought bringing Aviation Turbine Fuel (ATF) under the ambit of GST [...]
Public wifi hotspots have potential to generate 2-3 cr jobs this year : Telecom Secretary
New Delhi, Jan 22 (PTI) Setting up of 1 crore public wifi hotspots across the country by this year as envisaged under the present telecom policy has the potential to create 2-3 crore job opportunities, a senior government official said on Saturday. Telecom Secretary K Rajaraman while speaking at Broadband India Forum (BIF) event called [...]
OVL enters development stage of Budiao discovery in Brazil
New Delhi, Jan 22 (PTI) ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has declared a 2019 gas discovery in deepsea block in Brazil as commercially viable and has now entered the development stage that will bring it to production, the firm said in a statement. OVL had [...]
Galgotias University Launches India’s First Judicial Training Programme under the Mentorship of Justice Midha, Former Judge, Delhi High Court
Greater Noida, Uttar Pradesh, India (NewsVoir) School of Law, Galgotias University in collaboration with Universal Institute of Legal Studies & Law Curators inaugurated the prestigious “Advanced Course on Judicial Service & Professional Advocacy” on 10th January 2022. This Course is mentored by Justice J.R. Midha (Retd.) who has joined the University as Advisor and Professor [...]
Goa Showcases Investment-friendly Policies to Global Investors at EXPO2020 Dubai
The state pitched for investment opportunities in Tourism & Hospitality, Pharmaceuticals & Biotechnology, Agro-based and Food Processing Industries Dubai, United Arab Emirates (NewsVoir) The Goa Week at India Pavilion, EXPO2020 Dubai concluded on 20th January 2021. Shri J. Ashok Kumar, Secretary to Chief Minister, Sports & Youth Affairs, Tourism, Industries Trade & Commerce, Handicrafts Textile [...]
Heart failure is manageable if you listen to your healthcare provider.
Our heart is the strongest muscle in the body. It pumps blood eighty times a minute from fetal life till the day we die without any rest. However, it may become weak and unable to pump blood as required by the body. It may happen due to various reasons such as diabetes, hypertension, coronary artery [...]
Santamonica group enters tech research in education sector
Kochi, Jan 22 (PTI) Noted education service provider Santamonica group has stepped into technological research in the education sector and announced the launch of 'Santa Monica-Innovance'. With its headquarters in Singapore, Santamonica- Innovance has set up its offices in Dubai, the US and European countries to partner with innovators and institutions to adapt the technology [...]
E-mobility start-up, VAAN Electric Moto, launches e-bikes in India
Kochi, Jan 22 (PTI) Indian lifestyle e-mobility startup VAAN Electric Moto Pvt Ltd has launched its electric bicycle-Urbansport in the country. Union Minister of State for Skill Development, Entrepreneurship, Electronics and IT, Rajeev Chandrasekhar, launched the Van Electric Moto brand in India in a virtually held event in Kochi on Friday The e-bike is available [...]
FlowerAura Celebrates A Heart-To-Heart Relationship With Its Valentine Day Gifts
GURGAON, India, Jan. 22, 2022 /PRNewswire/ -- It's time to paint the town red as the season of love, affection, and adoration is here to warm the hearts of people. It is a celebration of expressing true feelings towards the partner, making them feel valued in life. Well, FlowerAura also wants to commemorate this event [...]
Pearl Academy announces scholarships for creative and business minds
NEW DELHI, Jan. 22, 2022 /PRNewswire/ -- With the commencement of its admission cycle for the academic year 2022, Pearl Academy has announced 'Who's Next' scholarship. 'Who's Next' is a merit-based scholarship upto 100% for India's top 100 creative minds. All students applying for under-graduate and post-graduate programs through the Pearl Academy Entrance Exam are [...]
Vodafone Idea Q3 Results – Loss widens to Rs 7,231 cr
Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021. The company had posted a loss Rs 4,532.1 crore in the same period a year ago. Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs [...]
Shaping an entrepreneurial mind through high-quality business education
Entrepreneurship isn’t simply about economic activities and creating new businesses. It is characterised by the ability to identify and seize opportunities, turn ideas into action, and to plan and manage processes to achieve objectives.These qualities are essential to help today’s students realise their potential, as they aspire to tackle big problems and make a difference [...]
Energy major Shell sheds ‘Royal Dutch’ from name
Houston, Jan 22 (PTI) Energy giant Shell has dropped from its name the 'Royal Dutch' part, which it had carried for 130 years, following plans of a major overhaul announced recently.It is anticipated that Euronext Amsterdam and the London Stock Exchange will reflect the change in name on January 25. New York Stock Exchange will [...]
Alleviating Covid within borders needs fighting it abroad too: US Treasury Secretary
New Delhi/Davos, Jan 21 (PTI) Calling for global cooperation to address common challenges facing the world, US Treasury Secretary Janet L Yellen on Friday said the COVID-19 pandemic has shown the intertwined fates of everyone on this planet by demanding a truly global response, as alleviating the virus within one country's borders also requires fighting [...]
Reliance Retail posts all-time high gross revenue of Rs 57,714 cr, pre-tax profit of Rs 3,822 cr in Q3
New Delhi, Jan 21 (PTI) Reliance Retail on Friday said it has delivered a "landmark quarter" by posting an all-time high gross revenue Rs 57,714 crore with pre-tax profit of Rs 3,822 crore for the three months to December 2021. This is the first quarter when the retail arm of Reliance Industries Ltd (RIL) has [...]
There will be fair inquiry into alleged corp governance issues at PFS, says promoter PTC India
New Delhi, Jan 21 (PTI) PTC India Chairman and Managing Director Rajib K Mishra on Friday said there will be a fair inquiry into alleged corporate governance issues at its subsidiary PFS where all independent directors had resigned over the issues. In another development, PTC India's independent director Rakesh Kacker on Friday resigned from the [...]
Australian PM says decarbonisation among biggest post-pandemic challenges
New Delhi/Davos, Jan 21 (PTI) Highlighting the 'Australian way' of fighting COVID-19, Australia's Prime Minister Scott Morrison on Friday said his country is emerging from the pandemic with one of the lowest death rates and one of the strongest economic recoveries. In a special address on the last day of the World Economic Forum's week-long [...]
IMF calls for ‘flexibility’ being new year resolution of policy markers
New Delhi/Davos, Jan 21 (PTI) Amid concerns over the world facing a significant inflation crisis, the International Monetary Fund on Friday said the one new year resolution the policymakers globally should adopt is 'policy flexibility', even as the former IMF chief and now European Central Bank President Christine Lagarde asserted inflation numbers will gradually decline [...]
Amid PFS saga, PTC India’s independent dir Rakesh Kacker resigns
New Delhi, Jan 21 (PTI) In a significant development, PTC India on Friday said one of its independent directors Rakesh Kacker has put in his papers, two days after three independent directors of the company's subsidiary PFS resigned over alleged corporate governance issues. Kacker -- who had served as an independent director on the board [...]
Business briefs
Legalkart raises Rs 4 cr from Mumbai Angels, IIM Udaipur Incubation Center Mumbai, Jan 21 (PTI) Legaltech start-up Legalkart has raised Rs 4 crore from Mumbai Angels and the IIM Udaipur Incubation Center in a pre-series-A round. Legalkart founder and CEO Arvind Singhatiya said the Gurgaon-based legal-tech start-up plans to utilise the funds to develop [...]
Jio Platforms Q3 net profit up 8.8 pc to Rs 3,795 cr
New Delhi, Jan 21 (PTI) Jio Platforms on Friday posted an 8.8 per cent increase in net profit at Rs 3,795 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 3,486 crore in the same period a year ago. Gross revenue [...]
Reliance posts best quarterly performance, net profit at Rs 18,549 cr in Q3
New Delhi, Jan 21 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported its best-ever quarterly performance in October-December 2021, helped by an uptick in two 'Rs' -- refining and retail, a recent tariff hike accelerating growth at Jio and a one-off gain from the sale of US shale gas business. The oil-to-retail-to-telecom conglomerate's [...]
Textiles ministry to examine issue of stock restriction for jute exports: Goyal
Kolkata, Jan 21 (PTI) The Ministry of Textiles believes that raw jute is being hoarded leading to a crisis in the sector, but will examine if some relaxations could be offered on stock limit for export orders, Union minister Piyush Goyal said on Friday.The assurance from the Union textiles minister came at a time when [...]
Third COVID-19 wave to hit airports’ revenue recovery this fiscal: Report
Mumbai, Jan 21 (PTI) Hit by the third wave of the pandemic that led to massive cancellations of domestic flights and extension of the ban on scheduled international flights till the end of the next month, the airports are set to see a 10-percentage-point fall in their revenue recovery this fiscal to 52 per cent [...]
SC allows Gujarat’s appeal, upholds its demand of purchase tax from ArcelorMittal firm
New Delhi, Jan 21 (PTI) The Supreme Court Friday allowed the Gujarat government's appeal and upheld its demand of purchase tax to the tune of Rs 480.99 crore and the penalty on ArcelorMittal Nippon Steel India Limited, previously known as Essar Steel Ltd (ESL), for wrongly availing the tax exemption. The apex court said the [...]
Jio Platforms Q3 net profit up 8.8% to Rs 3,795 cr
New Delhi, Jan 21 (PTI) Jio Platforms on Friday posted an 8.8 per cent increase in net profit at Rs 3,795 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 3,486 crore in the same period a year ago. Gross revenue from operations increased by 5.76 per [...]
Reliance Retail Q3 Pre-tax profit up 24% to Rs 3,822 cr; Revenue rises 53% to Rs 50,654 cr
New Delhi, Jan 21 (PTI) Reliance Retail on Friday reported a 23.81 per cent increase in its consolidated pre-tax profit at Rs 3,822 crore for the third quarter ended December 2021. The retail arm of Reliance Industries Ltd (RIL) had posted a pre-tax profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs [...]
CSB Bank witnesses 3-fold jump in net profit to Rs 148 cr in Dec quarter
New Delhi, Jan 21 (PTI) CSB Bank on Friday reported a nearly three-fold jump in net profits to Rs 148.26 crore for the third quarter ended December 2021. The Thrissur-based lender had reported a net profit of Rs 53.05 crore for the third quarter of the previous financial year. However, total income during the reported [...]
Domestic air travellers should carry only one handbag: CISF
Mumbai, Jan 21 (PTI) Domestic air passengers should be allowed to carry only one baggage in the cabin of the aircraft subject to certain exemptions, the Central Industrial Security Force (CISF) has told the civil aviation security agency BCAS. Citing issues of congestion at pre-embarkation security checkpoints at airports due to passengers carrying 2-3 hand [...]
Reliance Industries reports blockbuster Q3 results – Net profit up 41.5%
New Delhi, Jan 21 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 41.5 per cent rise in its third-quarter net profit, helped by an uptick in two 'Rs' -- refining and retail, a recent tariff hike accelerating growth at Jio and a one-off gain from sale of US shale gas business. The [...]
Revisional jurisdiction of National Consumer Commission extremely limited: SC
New Delhi, Jan 21 (PTI) The Supreme Court Friday said that the revisional jurisdiction of the National Consumer Commission is extremely limited and should be exercised in a case where there is material irregularity.A bench of Justices Sanjiv Khanna and Bela M Trivedi said though the party can produce additional evidence at the appellate stage, [...]
NEWSALERT
Reliance Jio posts 9.8 pc rise in net profit at Rs 3,615 cr for quarter ended December 2021: Statement. PTI PRS ABM ABM
NEWSALERT
Jio Platforms posts 8.8 pc rise in net profit at Rs 3,795 cr for quarter ended December 2021; revenue up at Rs 24,176 cr: Statement. PTI PRS ABM ABM
JSW Steel Q3 Results – Net profit rises 69% to Rs 4,516 cr; Output at 5.21 MT
New Delhi, Jan 21 (PTI) JSW Steel on Friday posted a 69 per cent jump in its consolidated net profit to Rs 4,516 crore for the quarter ended December, mainly on account of higher income. The firm had clocked a net profit of Rs 2,669 crore in the year-ago period, it said in a regulatory [...]
GE Power India’s shareholders approve reappointment of Prashant Chiranjive Jain as MD
New Delhi, Jan 21 (PTI) GE Power India on Friday said its shareholders have approved the re-appointment of Prashant Chiranjive Jain as its managing director for a second term of five years, through the postal ballot. "The members of the company, through remote e-voting on the items set out in the notice of postal ballot [...]
WEF reschedules Annual Meeting 2022 for May 22-26 in Davos
New Delhi/Davos, Jan 21 (PTI) The World Economic Forum announced on Friday that it will hold its Annual Meeting 2022 in the Swiss ski resort town of Davos from May 22-26 as the first global in-person leadership event since the start of the pandemic. The announcement came on the last day of the WEF's online [...]
Imminent recovery for multiplexes pushed to FY23 by third wave: Report
Mumbai, Jan 21 (PTI) The ongoing third wave of the COVID pandemic will push back the “imminent recovery” for multiplex operators to first quarter of next fiscal, a domestic rating agency said on Friday. It can be noted that in order to arrest the surge in new cases, many states have adopted measures including shutting [...]
There will be fair inquiry into alleged corp governance issues at PFS, says promoter PTC India
New Delhi, Jan 21 (PTI) PTC India Chairman and Managing Director Rajib K Mishra on Friday said there will be a fair inquiry into alleged corporate governance issues at its subsidiary PFS where all independent directors resigned enmasse over the issues. In an unusual development, all three independent directors of PTC India Financial Services (PFS), [...]
NEWSALERT
Vodafone Idea loss widens to Rs 7,230 cr for quarter ended December 2021; revenue dips to Rs 9,717.3 cr. PTI PRS ABM ABM
Govt launches portal to share key performance indicators of coal sector
New Delhi, Jan 21 (PTI) The government on Friday announced the launch of a portal, 'Koyla Darpan', to share key performance indicators related to the coal sector. The portal was launched by Coal Secretary Anil Kumar Jain, the Ministry of Coal said in a statement. As an initial step, the portal has key performance indicators [...]
Forex reserves up by USD 2.229 bn to USD 634.965 bn
Mumbai, Jan 21 (PTI) The country's foreign exchange reserves grew by USD 2.229 billion to USD 634.965 billion in the week ended January 14, RBI data showed. In the previous week ended January 7, the reserves had declined by USD 878 million to USD 632.736 billion. It touched a lifetime high of USD 642.453 billion [...]
Nigeria calls for patent waivers to allow Africa to make its own vaccines
New Delhi/Davos, Jan 21 (PTI) Access to COVID-19 vaccines continues to pose a serious problem for Africa with less than 10 per cent population vaccinated in most countries, Nigeria's Vice President Yemi Osinbajo said on Friday and called for patent waivers to allow African nations to manufacture jabs locally. Addressing the World Economic Forum's online [...]
RetailIO conducts drone-based medicines delivery trials
Mumbai, Jan 21 (PTI) B2B pharma platform RetailIO said on Friday it has successfully conducted drone delivery trials in the Chikkaballapur district of Karnataka, in collaboration with healthcare autonomous drone logistics company Redwing Labs. The trial flights took place between Gauribidanur and Hossur Primary Healthcare Center (PHC) in the Chikkaballapur district, using a hybrid VTOL [...]
AGS Transact Tech IPO subscribed over 8 times on final day
New Delhi, Jan 21 (PTI) The Rs 680-crore initial public offering of payment solutions provider AGS Transact Technologies was subscribed more than eight times on Friday, the final day of the bidding process, on robust support from investors. The IPO received bids for 22.35 crore equity shares against an offer size of [...]
Bandhan Bank Q3 net rises 35.8% at Rs 858.9 crore
Kolkata, Jan 21 (PTI) Net profit of MFI-turned-private lender Bandhan Bank increased 35.8 per cent at Rs 858.9 crore during the third quarter of current fiscal, registering a rise from Rs 632.6 crore in the similar previous period. MD and CEO of Bandhan Bank, Chandra Sekhar Ghosh told reporters on the virtual mode on Friday [...]
AGS Transact Tech IPO subscribed over 8 times on final day
New Delhi, Jan 21 (PTI) The Rs 680-crore initial public offering of payment solutions provider AGS Transact Technologies was subscribed more than eight times on Friday, the final day of the bidding process, on robust support from investors. The IPO received bids for 2.87 crore equity shares against an offer size of [...]
L&T Finance Holdings reports rise in net profit by 12% in Dec quarter
New Delhi, Jan 21 (PTI) L&T Finance Holdings on Friday reported a 12 per cent increase in its net profit to Rs 326 crore for the quarter ended December 2021. The non-banking finance company (NBFC) had registered a net profit of Rs 291 crore in the year-ago period. In a statement, the company said it [...]
CCI approves deal involving three GlaxoSmithKline group entities
New Delhi, Jan 21 (PTI) Competition Commission of India (CCI) has cleared the proposed acquisition of consumer healthcare company GlaxoSmithKline Asia Pvt Ltd by two other GlaxoSmithKline group entities. GlaxoSmithKline Asia Pvt Ltd is into marketing and distribution of oral healthcare products under various brand names such as Sensodyne, Parodontax, Polident and over-the-counter medicines products [...]
IDBI Bank Q3 net profit jumps 53% to Rs 578 cr on robust NII growth
Mumbai, Jan 21 (PTI) IDBI Bank on Friday reported a 53 per cent jump in standalone profit after tax (PAT) at Rs 578 crore for the quarter ended December, aided by healthy growth in net interest income. The Life Insurance Corporation (LIC)-owned lender had reported a standalone PAT of Rs 378 crore in the [...]
AIMA introduces 6-month management course for MSME promoters
New Delhi, Jan 21 (PTI) The All India Management Association (AIMA) on Friday said it has introduced a six-month management course for promoters and managers of micro, small and medium enterprises (MSMEs). The special-purpose management skilling programme aims to align the knowledge and competence of MSME leaders with the new economy, AIMA said in a [...]
Inox Leisure reports consolidated net loss of Rs 1.32 cr in Q3
New Delhi, Oct 22 (PTI) Multiplex chain operator Inox Leisure Ltd on Friday reported narrowing of its consolidated net loss at Rs 1.32 crore for the third quarter ended December 2021 as the film exhibition business witnessed recovery from Covid restrictions during the period. The company had posted a net loss of Rs 102.50 crore [...]
AP to rope in IndiGo for resuming flights from Kadapa
Amaravati, Jan 21 (PTI) Andhra Pradesh government on Friday decided to enter into an agreement with Inter-Globe Aviation Limited (IndiGo) for resuming flight services from the Kadapa airport in the Chief Minister’s native district. The state Cabinet, which met here under the chairmanship of Chief Minister Y S Jagan Mohan Reddy, approved a proposal to [...]
Bandhan Bank swings back to black with Q3 net at Rs 859 cr as repayments increase
Mumbai, Jan 21 (PTI) Private sector lender Bandhan Bank on Friday reported a 35 per cent year-on-year jump in December quarter net profit at Rs 859 crore, helped by a reduction in provisions it had to set aside due to non-payment by borrowers. The microlender-turned-bank had reported a loss of Rs 3,009 crore in the [...]
Shanghai’s Jiading concentrates on hydrogen fuel cells and ICVs, boosts automobile industry
SHANGHAI, Jan. 21, 2022 /Xinhua-AsiaNet/-- Jiading District in east China's Shanghai issued policies for promoting automobile industry development featuring electrification, automation, network connection and sharing on Wednesday at a conference, and an action plan was also released for accelerating development of hydrogen fuel cell vehicles, according to Jiading District Economic Commission. Through efforts in upgrading [...]
Birla Corp inaugurates Rs 2,744-cr Mukutban cement plant
Kolkata, Jan 21 (PTI) Birla Corporation Ltd, the flagship company of the MP Birla Group, on Friday inaugurated its 3.9-million tonne Mukutban integrated cement plant with an investment of Rs 2,744 crore in Maharashtra. The greenfield project of RCCPL Private Ltd, a wholly owned subsidiary of the cement maker, takes the group's total installed capacity [...]
Integrated Cement Plant of RCCPL, Wholly Owned Subsidiary of Birla Corporation Limited, Inaugurated at Mukutban, Taking Group Capacity to 20 Million Tons
Mukutban, Maharashtra, India – Business Wire India The Mukutban integrated cement plant is an important milestone in the annals of Birla Corporation Limited (MP Birla Group), said Shri Harsh V Lodha, Chairman, MP Birla Group, after the lighting up of the kiln at the plant today. Set up at an investment of Rs 2,744 crores [...]
CCI clears Generali Group acquiring addl stake in Future Generali India Life Insurance
New Delhi, Jan 21 (PTI) Competition Commission of India (CCI) has approved the proposed deal whereby Generali Participations Netherlands N.V. will hike its stake to 71 per cent in Future Generali India Life Insurance Company. Future Generali India Life Insurance is currently a joint venture between Future Group, Italy's Generali Group and Industrial Investment Trust [...]
Rupee rises 8 paise to close at 74.43 against US dollar
Mumbai, Jan 21 (PTI) The Indian rupee advanced by 8 paise to close at 74.43 against the US dollar on Friday, helped by some correction in crude oil prices and weaker greenback against key rivals. However, the rupee's further recovery was restricted by continuous foreign fund outflows and sell-offs in domestic equities, analysts said. At [...]
SURGING AHEAD DURING THE TURBULENT TIMES (A Good Time for ‘MBA’ Tag)
Birla Institute of Management Technology (BIMTECH) is one of the top-notch B-schools in the country which offers an array of PGDM programs. It is renowned for its deep-rooted values, diversity and collaborations with eminent universities from around the world. During the last 34 years of its journey in management education, BIMTECH has had several high [...]
Most people feel I-T exemption limit could be raised from Rs 2.5 lakh: Survey
New Delhi, Jan 21 (PTI) A majority of respondents (64 per cent) feel that the Union Budget 2022-23, to be unveiled on February 1, will increase the basic income tax exemption limit from the current Rs 2.5 lakh, according to a pre-budget survey by KPMG in India. As many as 36 per cent of the [...]
Need to increase domestic consumption, exports of fish: Union Min Rupala
New Delhi, Jan 21 (PTI) Fisheries, Animal Husbandry and Dairying Minister Parshottam Rupala on Friday stressed on the need to boost fish production in the country and called for increasing domestic consumption along with exports. India is the second largest fish producer in the world with a production of 14.16 million tonnes during 2019-20. Addressing [...]
Spartan Poker launch India’s first-ever gaming NFTs in the upcoming flagship event IOPC
Globally today, online gaming is no more about just entertainment or a hobby that a select few indulge in to kill time; it is a booming, serious business. India’s online gaming market too is experiencing a paradigm shift and is growing at anexponential rate, with its growing middle class willing to shell out money for [...]
Hindustan Unilever settles 35 higher on strong Dec qtr numbers
New Delhi, Jan 21 (PTI) Shares of Hindustan Unilever Ltd defied the muted broader market trend and surged as much as 3 per cent on Friday after the FMCG major reported strong December quarter earnings. On BSE, the stock opened at Rs 2,282.00, then jumped 3.15 per cent and touched an intra-day high of Rs [...]
Surgeons at Aster Medcity Perform Grueling 16-hour Life-Saving Heart Surgery on 58-year-old Kodungallur Man
Kochi, Kerala, India (NewsVoir) • The blood flow to the brain & hands had almost completely stopped and the patient was at the risk of a heart attack, stroke and kidney failure • There is merely a 30% chance of survival in such cases On December 31st, 2021, when the whole world was looking forward [...]
Ruchira Green Earth expands products portfolio of flagship firm AKIRA Li-ion EV Batteries
Mumbai, Jan 21 (PTI) Ruchira Green Earth, a lithium-ion batteries and allied products maker, on Friday said it is expanding the products portfolio of its flagship brand AKIRA Li-ion EV Batteries, to corner a higher domestic market share. AKIRA Li-ion EV Batteries' product range caters to electric scooters, auto and cycles, apart from commercial vehicles, [...]
Israel’s Attorney General launches probe into misuse of Pegasus spyware by police
Jerusalem, Jan 21 (PTI) Israeli spyware company NSO Group has again landed into a controversy with the Attorney General announcing to set up a team to probe into alleged misuse of its snooping Pegasus technology by police against its own citizens, including those not suspected of crime. The NSO Group hit headlines last year when [...]
Biocon rises over 3% on strong Dec qtr numbers
New Delhi, Jan 21 (PTI) Notwithstanding the muted broader market trend, shares of Biocon Ltd surged over 3 per cent on Friday after the biotechnology major reported strong December quarter earnings. On BSE, the stock opened at Rs 363, then touched a high of Rs 382.45, registering a gain of 5.09 per cent over its [...]
Covid-19 related data of thousands of Indians leaked online
New Delhi, Jan 21 (PTI) Personal data of thousands of people in India has been leaked from a government server which includes their name, mobile number, address and Covid test result, and these information can be accessed through online search. The leaked data has been put on sale on Raid Forums website where a cyber [...]
‘Banks, NBFCs in India have potential to achieve EV financing market size of Rs 40K cr by 2025’
New Delhi, Jan 21 (PTI) Banks and non-banking financial companies (NBFCs) in India have the potential to achieve an electric vehicle financing market size of Rs 40,000 crore by 2025 and Rs 3.7 lakh crore by 2030, according to a report released on Friday. Government think-tank Niti Aayog and the Rocky Mountain Institute (RMI) India in [...]
MUMMBAI, JAN 21
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 65202.00 64941.00 STANDARD GOLD (99.5) : 48589.00 48413.00 PURE GOLD (99.9) : 48784.00 48608.00 ------------------- PTI MUM SVC SVC SVC
Celebrating 1 Million Smiles with Bajaj Finserv’s Pocket Insurance
Pune, Maharashtra, India (NewsVoir) Bajaj Finserv’s Pocket Insurance and Subscriptions has crossed the one-million milestone with the unshaken trust of customers and by covering almost every peril out there. Whether it’s health, assistance, travel or lifestyle, Bajaj Finserv provides a wide variety of products to secure one’s day-to-day life – all at an affordable premium. [...]
Markets reel for fourth day amid global selloff; HUL bucks trend on strong Q3 show
Mumbai, Jan 21 (PTI) The Sensex and Nifty nursed losses for the fourth session on the trot on Friday, in lockstep with a selloff in global equities as concerns over inflation and monetary policy tightening sapped risk appetite. Relentless foreign fund outflows further weighed on sentiment, though fag-end buying in select blue-chip counters helped the [...]
Adani Wilmar fixes IPO price band at Rs 218-230 per share; plans to raise up to Rs 3,600 cr
New Delhi, Jan 21 (PTI) Adani Wilmar Ltd on Friday fixed a price band of Rs 218-230 a share for its Initial Public Offer (IPO) through which it aims to raise up to Rs 3,600 crore to fund capital expenditure, reduce debt and for acquisitions as it seeks to become India's biggest food and FMCG [...]
Shoppers Stop settles nearly 5% higher on strong Dec quarter numbers
New Delhi, Jan 21 (PTI) Shares of Shoppers Stop defied the broader market trend and settled for the day nearly five per cent higher on Friday after the retail chain posted strong earnings for the December 2021 quarter. On the BSE, the stock opened at Rs 390.70, then jumped 17.58 per cent and touched its [...]
Gland Pharma Q3 Results – net profit up 34% at Rs 273 cr
New Delhi, Jan 21 (PTI) Gland Pharma on Friday posted a 34 per cent increase in its consolidated profit after tax at Rs 273 crore for the third quarter ended December 31, 2021, riding on robust sales across various markets. The Hyderabad-based drug maker had reported a profit after tax (PAT) of Rs 204 crore [...]
NAM India gets IFSC Authority’s nod to carry out portfolio management services in GIFT City
New Delhi, Jan 21 (PTI) Nippon Life India Asset Management Ltd (NAM India) on Friday said it has received the IFSCA's approval to carry out portfolio management services through a branch office at the international financial services centre (IFSC) in India. NAM India said it will continue to add value to investors by expanding its [...]
MUMBAI, JAN 21 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.
COPPER :- COPPER CABEL SCRAP 738.00 COPPER HEAVY SCRAPS 726.00 COPPER ARMATURE (CREDIT) 704.00 COPPER UTENSILS SCRAP 635.00 CC ROD 790.00 BRASS :- BRASS SHEET CUTTING 538.00 BRASS UTENSIL SCRAP 485.00 BRASS HONEY 480.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 187.00 ALUMINIUM EXTRUSION SCRAP 216.00 ALUMINIUM INGOTS 248.00 OTHER : - GUN METAL SCRAP 520.00 ZINC [...]
Pepperfry launches its second offline studio in Coimbatore
Coimbatore Jan 21 (PTI) As part of strengthening its omni-channel presence in southern India, online furniture retailer Pepperfry on Friday launched its second studio here. The offline expansion is in line with the company's aim to penetrate niche markets and build the largest omni-channel business in the furniture and home products segment in India. Pepperfry, [...]
Kajaria Ceramics net profit rises 3% to Rs 124.73 cr in Q3
New Delhi, Jan 21 (PTI) Tiles maker Kajaria Ceramics Ltd on Friday reported a 3 per cent rise in consolidated net profit at Rs 124.73 crore for the third quarter ended December 31. The company had posted a consolidated net profit of Rs 121.03 crore in the same quarter last fiscal, Kajaria Ceramics Ltd said [...]
B2B spending in India expected to grow 10.3% in 2022: Report
New Delhi, Jan 21 (PTI) The total business-to-business spending in India is expected to rise by 10.3 per cent in 2022 with the spend of the country's businesses growing three times faster than the expectations from its comparable peers in other countries in the third quarter of last year, according to a study. The total [...]
Polycab India Q3 consolidated net profit rises 1.36% to Rs 248.37 cr
Mumbai, Jan 21 (PTI) Wires and cables manufacturer Polycab India on Friday reported a 1.36 per cent rise in consolidated net profit to Rs 248.37 crore for the quarter ending December 31, 2021. The company's net profit for the corresponding quarter of 2020-21 had stood at Rs 245.02 crore, the company said in an exchange [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, JAN 21 (PTI) OILS (per 10 Kgs) G.Nut Raw 1320.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1200.00 Sunflower Exp.Ref. 1250.00 Cottonseed(Refined) 1250.00 Refined Palm Oil 1177.00 Soyabean Ref. 1220.00 Imp.Soyabean Crude - Rapeseed Ref. 1680.00 Rapeseed Exp. 1650.00 Copra white 1580.00 Rice Bran 4-7% FFA - Rice Bran 1140.00 Linseed 1950.00 Castor [...]
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