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Infra stocks hits 5% upper circuit after receiving order worth ₹ 139 Cr for highway work
The shares of this infrastructure company hit 5 percent upper circuit after the company received a significant work order from Maharashtra State Infrastructure Development Corporation worth Rs 139 crore. With a market capitalization of Rs 190.61 crore, the shares of Tarmat Ltd were trading at Rs 89.43 per share, increasing around 5 percent as compared [...]
3 Electronics manufacturing stocks with strong growth guidance for FY25
Strong management guidance is essential for electronics manufacturers to navigate the fast-evolving industry landscape. It enables companies to adapt to changes, capitalize on emerging opportunities, and optimize operations, enhancing their competitiveness and delivering greater value to customers. Here are a few Electronics Manufacturing Stocks (EMS) with robust Management Guidance for FY25 and further: Kaynes Technology [...]
Financially strong stock to buy now that can deliver 30% return; Do you own it?
The Residential and Commercial Projects industry in India is a booming sector, driven by rapid urbanization and economic growth. With an estimated market size of $1 trillion by 2030, the industry supports over 250 million square feet of annual construction, attracting both domestic and foreign investments. With a market capitalization of Rs 1.23 lakh crore, [...]
Rice stocks jump up to 20% after Govt removes minimum export price on basmati rice
As of 2024, India remains the largest exporter of rice in the world, despite facing significant challenges due to government export restrictions. In the fiscal year ending March 2024, India's rice exports are projected to decline to approximately 15.7 million tonnes, a substantial decrease compared to 22.2 million tonnes in 2022. Recently, the Union Government [...]
Stock under ₹ 300 to benefit from Govt plans to invest ₹ 1 Lakh Cr to build 75 tunnels
The shares of this smallcap company jumped upto 3 percent in Monday’s trading session after it announced that it is poised for growth as the Government of India announces a major infrastructure initiative. Price Movement: With a market capitalization of Rs. 7,732 crores, the shares of Responsive Industries Ltd started Monday’s trading session on a [...]
FMCG stock hits 10% upper circuit after receiving order worth ₹ 11 Cr from Mother Dairy and Dabur
During Monday’s trading session, the shares of a micro-cap FMCG stock hit a 10% upper circuit at Rs. 114.8 on BSE, after receiving an order worth Rs. 10 crores from Mother Dairy. With a market capitalisation of Rs. 115 crores, at 02:18 p.m., the shares of Jhandewalas Foods Limited were trading in the green at [...]
2 Railway stocks jump 4% after receiving orders worth up to ₹ 1,021 Lakhs for seats and wagons
At 2.09 AM, the Sensex was up 165 points or 0.2 percent at 83,056.18, and the Nifty 50 added 49.30 points to reach 25,406. Market breadth was positive with 1,838 shares advancing, 1,598 declining, and 91 unchanged. Here the stocks jumped up to 4 percent after receiving significant work orders; Cosmic CRF Ltd The shares [...]
Healthcare stock jumps 9% after Mutual Funds bought 21 Lakh shares in the company
During Monday’s trading session, the shares of India’s leading health benefits administrator gained 9 percent to hit a new 52-week high at Rs. 715 on BSE, after HDFC Mutual Fund (MF), ICICI Prudential MF and others, bought stakes in the company through a bulk deal worth a total of nearly Rs. 136.52 crores. With a [...]
Auto stock jumps 9% after company to acquire 60% stake in Greenfuel Energy Solutions
Shares of a leading Tier-1 automotive systems and components supplier surged 9.07 percent on BSE to Rs. 567.95 on Monday, after the company announced entering into the green and alternate fuels segment through a strategic agreement to acquire a majority stake in Greenfuel Energy Solutions. At 11:33 a.m., the shares of Lumax Auto Technologies Limited [...]
Auto ancillary stock jumps 7% after company sets record date for 1:1 bonus issue
The shares of this smallcap company surged around 7 percent in Monday’s trading session after announcing a record rate for a 1:1 bonus share. In just one month the stock has delivered more than 60 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 2,137 crores, the shares of NDR Auto [...]
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Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
India-UK FTA talks will go very, very quickly, says Mayor Andy Street
London, Jan 20 (PTI) The negotiations between India and the UK to strike a free trade agreement (FTA), which was launched last week, will conclude quickly due to an "absolute agreement” at the senior political level, the Mayor for the West Midlands region of England has said.Andy Street, who is in charge of the West [...]
Senior-level panel looking into resignation of 3 independent directors of PFS: PTC India
New Delhi, Jan 20 (PTI) Power trading solutions provider PTC India on Thursday said a senior-level committee of the firm is looking into the matter of resignation of three independent directors from the board of its subsidiary PTC India Financial Services (PFS) over corporate governance and other issues. PTC India added that "there are difference [...]
Emcure Pharma’s Rs 5,000-cr IPO to hit market early next month
Mumbai, Jan 20 (PTI) Emcure Pharmaceuticals has received regulatory approvals for its draft red herring prospectus and will shortly be filing the RHP for the Rs 5,000-crore initial share sale, which will hit the market soon after the Budget, according to merchant banking sources. The IPO consists of a fresh issue of up to Rs [...]
India-UK FTA talks will go very, very quickly, says Mayor Andy Street
London, Jan 20 (PTI) The negotiations between India and the UK to strike a free trade agreement (FTA), which launched last week, will conclude quickly due to an "absolute agreement” at the senior political level, the Mayor for the West Midlands region of England has said.Andy Street, who is in charge of the West Midlands [...]
Digital lenders’ body seeks RBI nod to be recognised as an SRO
Mumbai, Jan 20 (PTI) In the backdrop of illegal lending apps leading to instances like borrower suicides, a body representing digital lenders has come forward and applied to the RBI for being recognized as a self regulatory organisation (SRO) for the industry. Claiming to be the only body of digital lenders, FACE, which is an [...]
HUL Q3 net up 18.68 pc to Rs 2,300 cr; net sales up 10.25 pc at Rs 13,196 cr
New Delhi, Jan 20 (PTI) FMCG major Hindustan Unilever Ltd on Thursday reported an 18.68 per cent increase in consolidated net profit to Rs 2,300 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 1,938 crore in the October-December period of the previous fiscal. Revenue from sales during [...]
5G services spectrum bands in India will not interfere with aircraft radar altimeters: ITU APT India
New Delhi, Jan 20 (PTI) Proposed 5G services rolled out in India will be in spectrum bands that will have sufficient safeguards and will not interfere with civil aircraft altimeters, ITU APT foundation of India said on Thursday. Several airlines have cancelled their flight to the US following 5G services roll-out in the country alleging [...]
Hero MotoCorp commences bookings for next lot of XPulse 200 4 Valve
New Delhi, Jan 20 (PTI) Two-wheeler major Hero MotoCorp on Thursday said it has started accepting online bookings for the second batch of its latest motorcycle XPulse 200 4 Valve. The company has started accepting bookings for the second batch after the first lot was completely sold out.Priced at Rs 1,30,150 (ex-showroom – Delhi), the [...]
Bullion rates
Bengaluru, Jan 20 (PTI): Closing bullion rates: Standard gold [99.5 purity] Rs 50,220 per 10 gram; ornamental gold Rs 4,683 per gram; silverspot [.999 fineness] Rs 66,100 per kg. PTI DVR NVG NVG
Gurugram RERA inks MoU with startup Jupitice to digitise buyers complaint redressal system
New Delhi, Jan 20 (PTI) Haryana Real Estate Regulatory Authority, Gurugram on Thursday signed an MoU with Jupitice Justice Technologies for complete digitalisation of consumers complaint redressal system. The authority and Jupitice Justice signed a memorandum of understanding (MoU) in the regard, according to a statement. The MoU was signed in Gurugram in the presence of KK [...]
CEAT pares initial losses, settles in positive territory
New Delhi, Jan 20 (PTI) Shares of CEAT Ltd pared its initial losses and settled in the positive territory on Thursday as the stock witnessed strong buying interest from market participants. The stock slumped to a 52-week low of Rs 1,051.30 on BSE, registering a fall of 7.24 per cent over its previous close. However, [...]
Mustard output may touch 120 lakh tonnes this year; futures trading be allowed: SEA
New Delhi, Jan 20 (PTI) India's mustard production may reach a record 120 lakh tonnes in the current rabi season on higher area under coverage, according to industry body SEA. The Solvent Extractors' Association of India (SEA) also demanded that the government should allow restart of futures trading of mustard seeds and its derivatives. Mustard [...]
Non-residents will now have to pay in foreign currency for services in Sri Lanka, says central bank
Colombo, Jan 20 (PTI) Tourists travelling to Sri Lanka will now have to pay for their goods and services in foreign currency, the Central Bank announced on Thursday, as part of its efforts to inject more liquidity in the economy and build up the country’s depleted foreign exchange reserves. The directives were taken by the [...]
Strides Pharma Science inks pact with MPP to commercialise molnupiravir in global markets
New Delhi, Jan 20 (PTI) Strides Pharma Science on Thursday said it has inked a partnership with Geneva-based Medicines Patent Pool (MPP) to commercialise antiviral drug molnupiravir in the international markets. The company and its subsidiary, Universal Corporation (Kenya), have entered into a voluntary non-exclusive sub-license partnership with MPP covering 105 countries, the drug firm [...]
IT company Cyient posted 38% jump in consolidated net profit
New Delhi, Jan 20 (PTI) IT company Cyient on Thursday posted 38 per cent jump in consolidated net profit at Rs 131.7 crore for December 2021 quarter on the back of strong performance across key accounts. The company had logged a net profit of Rs 95.4 crore in the year-ago period, Cyient said in a [...]
EPFO adds 13.95 lakh subscribers in November 2021
New Delhi, Jan 20 (PTI) Retirement fund body EPFO added 13.95 lakh subscribers on a net basis in November 2021, an increase of nearly 38 per cent compared to the year-ago period, according to the latest payroll data. The provisional payroll data of EPFO showed that there was an addition of 13.95 lakh net subscribers [...]
NABARD sanctions Rs 951cr for 176 road projects in Odisha
Bhubaneswar, Jan 20 (PTI) The National Bank for Agriculture and Rural Development (NABARD) Thursday sanctioned Rs 951 crore to the Odisha government for the construction of 176 rural roads. The assistance has been sanctioned under the the Rural Infrastructure Development Fund (RIDF) for 176 rural road projects in all 30 districts of the state, NABARD [...]
Two doses of Sputnik provide two times higher antibodies against Omicron than Pfizer vaccine: Study
New Delhi, Jan 20 (PTI) A study has found that two doses of Sputnik V provide two times higher virus neutralising antibodies against the Omicron variant of COVID-19 than two doses of the Pfizer vaccine, Gamaleya National Research Center of Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF) said on Thursday. The study [...]
WNS Announces Fiscal 2022 Third Quarter Earnings, Revises Full Year Guidance
Mumbai, Maharashtra, India & New York, United States– Business Wire India WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced results for the fiscal 2022 third quarter ended December 31, 2021. Highlights – Fiscal 2022 Third Quarter: GAAP Financials Revenue of $284.1 million, up 19.2% from [...]
Insolvency: Videocon lenders invite fresh expressions of interest by Feb 2
New Delhi, Jan 20 (PTI) The consortium of lenders of Videocon Industries has invited fresh expressions of interest for the debt-ridden group after the insolvency appellate tribunal rejected the approval of Rs 2,692 crore bid by Vedanta Chairman Anil Agarwal-promoted Twin Star Technologies earlier this month. Pursuant to the order of the National Company Law [...]
PTC India Financial settles down over 18% after resignation of all 3 independent directors
New Delhi, Jan 20 (PTI) Shares of PTC India Financial Services tanked over 18 per cent on Thursday after all the three independent directors on the company’s board resigned over corporate governance issues and other matters. On BSE, shares ended the day at Rs 20.95 apiece, down 18.32 per cent over previous close. During the [...]
77% cos believe startups aiding employment scenario in India: Report
Mumbai, Jan 20 (PTI) With India being one of the largest hubs for startups in the world, a survey has revealed that 77 per cent of respondents believe these new-age firms have a positive role in boosting the employment scenario in the country. According to the survey by human resource solutions organisation Genius Consultants, over [...]
Collection efficiency ratio of MFIs at comfortable level: Official
Kolkata, Jan 20 (PTI) Collection efficiency ratio of the microfinance sector is “comfortable” at 90-95 per cent and there has been no impact on recoveries despite the current Covid surge, a senior official said on Thursday.The collection efficiency ratio of the sector is “much better” than other financial instruments, Chief Executive Officer of the Microfinance [...]
Investors’ wealth plummets over Rs 6.80 lakh cr in 3 days of market fall
New Delhi, Jan 20 (PTI) Investors' wealth has eroded by over Rs 6,80,441 crore in three days of market fall amid weak global trends and muted domestic sentiments. Extending its losses for the third straight day, BSE benchmark Sensex on Thursday finished below the 60,000-level, weighed by hectic selling in IT, energy and finance stocks [...]
Rupee slips 7 paise to end at 74.51 against USD
Mumbai, Jan 20 (PTI) The Indian rupee weakened by 7 paise to close at 74.51 against the US dollar on Thursday as sustained foreign fund outflows and rising crude oil prices hurt forex market sentiment. Further, massive sell-offs in domestic equities for a third session in a row on Thursday too made investors more cautious, [...]
Armaan Malik’s latest track ‘You’ breaks all records on Moj; crosses 2 billion views in 5 days
MUMBAI, India, Jan. 20, 2022 /PRNewswire/ -- ~ Moj's exclusive challenge 'ThinkAboutYou' for the track has clocked over 2.2 billion plays, helping the homegrown short video app go mainstream ~ Soulful, versatile and a trendsetter, these are some of the words synonymous with Armaan Malik. The blue-eyed boy is not only a fan favorite but [...]
Applause Entertainment begins 2022 with a Hat-trick of Show Releases
In the month of January, they released Kaun Banegi Shikharwati’ on Zee5, ‘Humble Politiciann Nograj’ on Voot Select and the Mohit Raina-fronted ‘Bhaukaal Season 2’, on MX Player Mumbai, Maharashtra, India (NewsVoir) Applause Entertainment has kick-started 2022 on a high note, with two back-to-back show releases. The Sameer Nair-headed content studio of the Aditya Birla [...]
Retail inflation for farm, rural workers rise to 4.78%, 5.03% in December
New Delhi, Jan 20 (PTI) Retail inflation for farm and rural workers rose to 4.78 per cent and 5.03 per cent respectively in December 2021, mainly due to higher price of certain food items, official data showed on Thursday. "Point to point rate of inflation based on the CPI-AL (consumer price index for agricultural labour) [...]
Significant percentage of MNC leaders have LGBTQ+ inclusion goals: Survey
New Delhi, Jan 20 (PTI) A significant percentage of MNC leaders are LGBTQ+ immersive in terms of inclusion goals in their leadership, but despite positive changes, a majority of respondents from the LGBTQ+ community felt a total lack of vision/ policies for themselves at their organizations, says a survey. According to Randstad India's Equity, Diversity [...]
India’s mineral production up 5% in November 2021
New Delhi, Jan 20 (PTI) India's mineral production rose five per cent in November 2021 compared to the year-ago period, according to the mines ministry. The index of mineral production of mining and quarrying sector for November 2021 stood at 111.9, which was five per cent higher compared to the level in November 2020. The [...]
European Commission announces new policy for expansion of chip production
New Delhi/Davos, Jan 20 (PTI) European Commission President Ursula von der Leyen on Thursday announced a new policy to support a massive expansion of chip production in the European Union and said the European need for chips will double in the next decade. In a special address at the World Economic Forum's online Davos Agenda [...]
5G row: Air India resumes 6 India-US flights on B777 aircraft after Boeing’s clearance
New Delhi, Jan 20 (PTI) Air India said it has resumed six India-US flights on Boeing B777 aircraft on Thursday after the plane manufacturer gave the clearance to operate them.The airline also said all flights to the US will normalise from Friday.Air India had cancelled eight flights on India-US routes on Wednesday due to deployment [...]
‘Govt should abolish STT to encourage new investors to start trading’
New Delhi, Jan 20 (PTI) Market experts on Thursday said the government should consider relieving traders of the Securities Transaction Tax on equity trade in the Union Budget, which will be presented by the finance minister on February 1. The move is expected to boost the capital markets and encourage new investors [...]
Rallis India slips over 6% on muted Dec qtr numbers
New Delhi, Jan 20 (PTI) Shares of Rallis India settled nearly 6 per cent lower on Thursday after the company reported a 13.3 per cent decline in consolidated net profit for the December 2021 quarter. On BSE, Rallis India opened at Rs 281, then lost ground and touched an intra-day low of 275.05, down 6.65 [...]
MUMMBAI, JAN 20 (PTI)
MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 64404.00 64203.00 STANDARD GOLD (99.5) : 48425.00 48510.00 PURE GOLD (99.9) : 48620.00 48705.00 ------------------- PTI MUM SVC SVC SVC
Continental Tires appoints Samir Gupta as managing director for India
Mumbai, Jan 20 (PTI) Premium tyre maker Continental Tires has appointed Samir Gupta as its managing director for India. His appointment is aimed at enhancing the company's profitability, business transformation, and building resilient teams, Continental Tires said in a statement. Gupta at present is the head of Central Asia Region (India, Indonesia, Thailand and Malaysia) [...]
Bajaj Finserv Q3 Results – Consolidated profit after tax down 2.63%
Mumbai, Jan 20 (PTI) Diversified financial services firm Bajaj Finserv Ltd (BFS) on Thursday reported a 2.63 per cent decline in its consolidated profit after tax at Rs 1,256 crore in the quarter ended December 31, 2021. In the year-ago period, the same stood at Rs 1,290 crore. The company said under Ind AS, its [...]
Ramagya Sports Academy Announces Safety Measures while Providing Top-notch Sports Training amid Pandemic
New Delhi, Delhi, India (NewsVoir) The coronavirus pandemic forced the world’s population to alter daily routines, including exercise habits. This unusual situation has physical, psychological, and behavioural consequences for all individuals, including elite and recreational athletes. Life in lockdown has been difficult because everyone has to stay safe and healthy, while at the same time [...]
FSS partners with UAE’s first digital banking platform
Chennai, Jan 20 (PTI): Integrated payments technology company FSS (Financial Software and Systems) has partnered with the United Arab Emirates-based YAP, a digital banking platform, to deliver secure, digital first-card experiences to consumers in the Middle-East and African regions. Under the partnership, YAP and FSS would work to deliver greater value to customers by combining [...]
Karnataka govt launches AVGC Center of Excellence in Bengaluru
Bengaluru, Jan 20 (PTI) The AVGC Center of Excellence (Animation, Visual Effects, Gaming, and Comics CoE), considered as a pioneering high technology digital media hub, funded by the Karnataka Department of Electronics, IT/BT , was launched on Thursday. It has been launched as an initiative of ‘Innovate Karnataka’, the department said. Through this, the Karnataka [...]
Business briefs
*AstraZeneca India names Ram Mudaliar as Head of clinical data division New Delhi, Jan 20 (PTI) Drug firm AstraZeneca India on Thursday said it has appointed Ram Mudaliar as the India lead of its Clinical Data & Insights (CDI) division.Prior to his appointment as the CDI India Lead, Mudaliar worked with AstraZeneca Canada, managing delivery [...]
Sensex skids for third day to close below 60k; RIL, IT stocks tumble
Mumbai, Jan 20 (PTI) BSE benchmark Sensex spiralled lower for the third consecutive session on Thursday to finish below the 60,000-level, weighed by hectic selling in IT, energy and finance stocks amid a sell-off in European equities. A depreciating rupee and continued selling by foreign investors also affected the market sentiment, traders said. The 30-share [...]
Novo Nordisk launches first of its kind diabetes treatment medication
New Delhi, Jan 20 (PTI) Drug firm Novo Nordisk India on Thursday said it has launched a first of its kind diabetes treatment medication in the country.The company said it has introduced the world's first and only oral semaglutide, a game-changer in diabetes management.Semaglutide, a GLP-1 receptor analogue (GLP-1 RA) - one of the drug [...]
HC asks Centre to respond to plea challenging mandatory BIS licence for manufacturing PVC pipes
New Delhi, Jan 20 (PTI) The Delhi High Court Thursday sought the Centre's reply on a plea seeking direction to quash the ‘Lead Stabilizer in Polyvinyl Chloride Pipes and Fittings Rules, 2021’ which mandate obtaining licence from the Bureau of Indian Standards for manufacturing PVC pipes and to have the BIS ‘Standard Mark’ on them.A [...]
Gold rallies Rs 415 on global cues; silver zooms Rs 858
New Delhi, Jan 20 (PTI) Gold prices rose by Rs 415 to Rs 48,327 per 10 gram in the national capital on Thursday, reflecting overnight gains in the international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 47,912 per 10 gram. Silver prices also soared [...]
MUMBAI, JAN 20 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.
COPPER :- COPPER CABEL SCRAP 733.00 COPPER HEAVY SCRAPS 725.00 COPPER ARMATURE (CREDIT) 703.00 COPPER UTENSILS SCRAP 635.00 CC ROD 785.00 BRASS :- BRASS SHEET CUTTING 537.00 BRASS UTENSIL SCRAP 485.00 BRASS HONEY 480.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 187.00 ALUMINIUM EXTRUSION SCRAP 210.00 ALUMINIUM INGOTS 243.00 OTHER : - GUN METAL SCRAP 520.00 ZINC [...]
Key WTO members to hold virtual meet tomorrow to discuss reform measures, response to pandemic
New Delhi, Jan 20 (PTI) Issues like the WTO's response to the COVID-19 pandemic, proposed pact on fisheries subsidies and reform measures will figure in a virtual meeting of key members of the World Trade Organization tomorrow, an official said.The meeting, which is happening at the sidelines of the World Economic Forum summit in Davos, [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, JAN 20 (PTI) OILS (per 10 Kgs) G.Nut Raw 1320.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1175.00 Sunflower Exp.Ref. 1230.00 Cottonseed(Refined) 1250.00 Refined Palm Oil 1175.00 Soyabean Ref. 1215.00 Imp.Soyabean Crude - Rapeseed Ref. 1670.00 Rapeseed Exp. 1640.00 Copra white 1580.00 Rice Bran 4-7% FFA - Rice Bran 1130.00 Linseed 1950.00 Castor [...]
GCCI seeks resumption of mining operations in Goa; writes to PM
New Delhi, Jan 20 (PTI) The Goa Chamber of Commerce & Industry (GCCI) has made a plea to Prime Minister Narendra Modi to resume sustainable mining in the state and stressed that stoppage of mining operations has led to a negative impact on the state's economy. Mining operations in Goa were stopped in March 2018 [...]
Tesla Power USA Enters Wellness Business With Launch of Alkaline RO Water Purifiers
New Delhi, Delhi, India – Business Wire India Tesla Power USA announces the launch of their wellness division “Tesla Healthy Life” with its product range in Alkaline RO Water Purifiers. Tesla Power USA brings their expertise in water business with their cutting-edge technology to provide healthy water to everyone at an affordable cost. Tesla Healthy [...]
HarperCollins Publishers India announces the publication of ‘It’s Your Baby’ by Dr Saroja Balan
An indispensable book by a renowned pediatrician and neonatologist with Indraprastha Apollo Hospital, Delhi. 'It's Your Baby' is written specifically for Indian parents. It answers frequently asked questions, provides solutions, helps one figure out things—and tells when one needs to see a doctor. It covers the basics like sleep and breastfeeding and includes essential, up-to-date [...]
President Biden flags US-led move to release 50 mn barrels of oil as major achievement of his administration
Washington, Jan 20 (PTI) President Joe Biden has flagged as a major achievement of his administration the US-led move to release 50 million barrels of oil from the country's Strategic Petroleum Reserve to lower energy costs for Americans, a decision taken in coordination with other major economies like India and China.In November last year, President [...]
Natco Pharma signs pact with MPP to sell Molnupiravir capsules
New Delhi, Jan 20 (PTI) Natco Pharma Ltd on Thursday said it has signed a non-exclusive license agreement with the Medicines Patent Pool (MPP), Switzerland to manufacture and sell Molnupiravir capsules 200 mg for treatment of COVID-19. MPP had taken licence from Merck Sharp & Dohme Corp (MSD), USA for the same, the company said [...]
M2P Fintech raises USD 56 mln from Insight Partners, MUFG arm
Mumbai, Jan 20 (PTI) M2P Fintech, which calls itself a financial infrastructure company, on Thursday announced a USD 56 million (about Rs 409.7 crore) fundraise led by New York-based private equity fund Insight Partners.Japan's MUFG Innovation Partners and existing investors Tiger Global and Better Capital also participated in the funding round, a statement said, adding [...]
JM Financial PE leads Rs 100 cr investment in BigHaat Agro
New Delhi, Jan 20 (PTI) Agri-digital platform BigHaat Agro has raised Rs 100 crore in a funding round led by JM Financial Private Equity.Apart from JM Financial Private Equity, Beyond Next Ventures, one of the earlier investors in BigHaat, also participated in the funding round.Proceeds from the investment will support augmentation of the existing technology infrastructure [...]
StayQrious Launches World’s First Neoschool to Make International-standard Education Accessible to all
Bangalore, Karnataka, India (NewsVoir) With the vision to make an international standard education accessible to everyone, StayQrious, an ed-tech start up, has launched the concept of a Neoschool. A Neoschool is an online school that teaches children real-world skills, social confidence and learning mind-sets that regular schools and tuitions don't teach. Children attending the StayQrious [...]
Rupee slips 7 paise to close at 74.51 against US dollar
Mumbai, Jan 20 (PTI) The rupee on Thursday slipped 7 paise to close at 74.51 (provisional) against the US dollar, tracking a lacklustre trend in the domestic equity market. Forex traders said sustained foreign fund outflows and firm crude oil prices weighed on the local unit. Moreover, investors remained cautious ahead of the US Federal [...]
Arctech Expands Global Footprint: Shine Forward in 2022
SHANGHAI, Jan. 20, 2022 /PRNewswire/ -- Arctech, the world's leading tracking, racking, and BIPV solutions provider, reviewed the major milestones in 2021 and stepped into the new year with the expansion of its global footprint. In 2021, Arctech has been taking a leap on expanding its global footprint and manufacturing bases close to its major [...]
Sensex sinks 634 pts to end below 60k
Mumbai, Jan 20 (PTI) Falling for the third straight session, equity benchmark Sensex tumbled 634 points on Thursday to close below 60,000-mark, tracking losses in index majors Infosys, TCS and RIL amid a fresh sell-off in European markets. The continued flight of foreign capital from Indian markets also affected the market sentiment, traders said. The [...]
Australia’s Blackmores enters into distribution partnership with Udaan
New Delhi, Jan 20 (PTI) Australia-based health and dietary supplements company Blackmores on Thursday announced a distribution partnership with B2B e-commerce firm Udaan for its range of multi vitamins products. As part of the partnership, Blackmores' range of premium multi vitamins products will be available to independent pharmacies in India through Udaan "The launch on [...]
Gold futures gain on spot demand
New Delhi, Jan 20 (PTI) Gold prices on Thursday rose Rs 23 to Rs 48,400 per 10 gram in the futures trade as speculators created fresh positions amid a firm spot demand. On the Multi Commodity Exchange, gold contracts for the February delivery traded higher by Rs 23, or 0.05 per cent, to Rs 48,400 [...]
Max Healthcare Institute inks pact with Muthoot Hospitals to operate upcoming hospital in Delhi
New Delhi, Jan 20 (PTI) Max Healthcare Institute Ltd (MHIL) on Thursday said it has inked a pact with Muthoot Hospitals to manage and operate the former's upcoming facility in the national capital. The healthcare provider has entered into a long-term services agreement with Muthoot Hospitals for operations and management (O&M) of 300-plus beds hospital [...]
Silver futures rise on spot demand
New Delhi, Jan 20 (PTI) Silver prices rose by Rs 94 to Rs 64,499 per kg in the futures trade on Thursday, as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 94, or 0.15 per cent, to Rs 64,499 per kg in [...]
Crude oil futures dip on weak demand
New Delhi, Jan 20 (PTI) Crude oil prices on Thursday fell Rs 41 to Rs 6,350 per barrel after participants cut their positions.On the Multi Commodity Exchange, crude oil for the February delivery dropped by Rs 41, or 0.64 per cent, to Rs 6,350 per barrel with a business volume of 9,358 lots.Analysts said the [...]
Zinc futures rise on spot demand
New Delhi, Jan 20 (PTI) Zinc prices rose by Rs 1.40 to Rs 295.70 per kg in futures trade on Thursday tracking a firm trend in physical markets on the back of a pick-up in spot demand.On the Multi Commodity Exchange, zinc contracts for January delivery traded higher by Rs 1.40, or 0.48 per cent, [...]
Q3 Result of Asian Paints, net profit falls 18.5% due to inflation
New Delhi, Jan 20 (PTI) Asian Paints Ltd on Thursday reported an 18.5 per cent decline in consolidated net profit to Rs 1,031.29 crore for the third quarter ended December 2021 as inflationary trends in raw material prices continued to impact the company's gross margins across businesses. The company had posted a net profit of Rs [...]
Copper futures rise on spot demand
New Delhi, Jan 20 (PTI) Copper prices on Thursday traded up by 0.57 per cent to Rs 753.60 per kg in the futures market on the back of a pick-up in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in January traded higher by Rs 4.25, or 0.57 per cent, to [...]
Nickel futures rise on firm spot demand
New Delhi, Jan 20 (PTI) Nickel prices increased by 2.41 per cent to Rs 1,771.60 per kg in futures trade on Thursday as speculators built up fresh positions amid rising demand from alloy makers in the spot market.On the Multi Commodity Exchange, nickel contracts for the January delivery gained Rs 41.70 or 2.41 per cent, [...]
Demand for luxury real estate bullish despite COVID; over 75 pc HNIs want to buy over Rs 5 cr properties in 2 yrs: Survey
New Delhi, Jan 20 (PTI) Around 75 per cent wealthy people will look to buy luxury properties, worth more than Rs 5 crore, over the next two years in big cities as well as holiday destinations, according to a survey. India Sotheby's International Realty, one of the leading brokerage firms in luxury real estate space, [...]
CUTS Intl asks DPIIT to take views of consumer organisations on ecomm policy
New Delhi, Jan 20 (PTI) Research firm CUTS International on Thursday asked the commerce and industry ministry to include consumer organisations while holding stakeholders' consultation on the proposed e-commerce policy. It said that engaging with consumer groups would help understand the capacity building and needs of e-consumers. "Consumers are central to the e-commerce ecosystem and [...]
Mahindra partners with SAP for digital transformation
New Delhi, Jan 20 (PTI) Mahindra & Mahindra (M&M) on Thursday said it has partnered with SAP to spearhead its digital transformation journey. SAP will enable the Mumbai-based automaker to successfully modernise its technology landscape and enhance overall operations. "Agility and business innovation is a priority in the changing industry dynamics and customer expectations. We believe [...]
IVM Podcasts Launches Parenting Show – Big Talk About Tiny Humans
Mumbai, Maharashtra, India – Business Wire India IVM Podcasts, India’s premier podcast network, has announced the release of its latest podcast ‘Big Talk About Tiny Humans’, a weekly talk show for parents, caregivers and educators -- featuring conversations between two mothers & parenting experts - Devishobha Chandramouli & Dr Meghna. Parenting can be a challenging [...]
Renew Power forms JV with US-based Fluence to market energy storage devices
Mumbai, Jan 20 (PTI) Renew Power has entered into an joint venture with the US-based Fluence -- which is a market leader in energy storage products, services and digital applications for renewables -- to market storage devices in the country. The 50:50 joint venture will be managed and operated by an independent management team and [...]
beGalileo, the Mathematical Thinking & Cognitive Capability Building Program signs up Sania Mirza as Brand Ambassador
Sania Mirza will be an Integral part of beGalileo's mission to empower our next generation with key cognitive & problem-solving skills of the future, using math, logic & coding as levers enabled by a holistic, technology leveraged ecosystem BANGALORE, India, Jan. 20, 2022 /PRNewswire/ -- Early Childhood Mathematical Thinking brand beGalileo has signed up Sania [...]
Successful Completion of First Patient Implantation of MINI WELL® and MINI WELL TORIC® Extended Depth-of-Focus IOLs in China Announced by Affamed Technologies, Joint Venture between AffaMed Therapeutics and SIFI
CATANIA, Italy, Jan. 20, 2022 /PRNewswire/ -- SIFI, a leading international ophthalmic company headquartered in Italy, is pleased to divulge the successful completion of the first patient implantation of MINI WELL® and MINI WELL TORIC® IOLs in China, announced via Affamed Technologies, Joint Venture between AffaMed Therapeutics and SIFI. MINI WELL® and MINI WELL TORIC® [...]
Schneider Electric Introduces Infrastructure of the Future
- Integrated suite of solutions to support green urbanization, electric mobility and counter the causes and effects of climate change - New approach will create more modern, sustainable, efficient, resilient and inclusive urban infrastructure – accelerating global decarbonization and promoting a better quality of life for all RUEIL-MALMAISON, France, Jan. 20, 2022 /PRNewswire/ -- Schneider [...]
StockGro concludes $32 mn funding round
New Delhi, Jan 20 (PTI) Bengaluru-based social investment startup StockGro on Thursday said it has concluded a USD 32 million (around Rs 232 crore) funding round that was led by global investors, including Bitkraft Ventures, General Catalyst and Lightrocks co-founder Itai Tsiddon.Existing investors such as Roots Ventures and Creed Capital Asia also participated in the [...]
Images International Signs Paranormal Investigator Jay Alani for Psychological Thriller
New Delhi, Delhi, India (NewsVoir) India’s leading paranormal investigator Jay Alani, a versatile man has been signed by Images International, a film production company based in Delhi for its upcoming horror psychological thriller. Written and directed by Alani, the film is inspired by some real-life incidents and cases solved by him. Alani has investigated over [...]
Colliers ropes in three senior experts to further strengthen its service capabilities in Mumbai
- These industry veterans have joined the Office Services and Project Management teams to drive Colliers' aggressive expansionary strategy MUMBAI, India, Jan. 20, 2022 /PRNewswire/ -- Leading diversified professional services and investment management firm Colliers (NASDAQ: CIGI) (TSX: CIGI) today announced the appointment of three senior executives, who have joined Colliers' office in Mumbai, as [...]
India Ratings projects economy to grow at 7.6% in FY23
Mumbai, Jan 20 (PTI) India Ratings and Research on Thursday said the country's economy is likely to grow at 7.6 per cent year-on-year in 2022-23. The agency said after a gap of two years, the Indian economy will show a meaningful expansion, as the real GDP in 2022-23 is expected to be 9.1 per cent [...]
Larsen & Toubro dispatches coke drums to Mexico
New Delhi, Jan 20 (PTI) Larsen & Toubro (L&T) on Thursday said its heavy engineering arm has dispatched six of the world's largest coke drums to Mexico. These coke drums were successfully manufactured during the COVID-19 pandemic at L&T's state-of-the-art Heavy Engineering Complex located at Hazira near Surat, the company said in a statement. "The [...]
Pi Ventures announces first close of Fund 2 at Rs 300 cr
New Delhi, Jan 20 (PTI) Early-stage venture fund Pi Ventures on Thursday announced the first closing of its Fund II at Rs 300 crore (USD 40 million).The fund was launched in March last year with a base target corpus of Rs 565 crore (USD 75 million), and a greenshoe option of about USD 25 million, [...]
HarperCollins Publishers India is proud to announce ‘The Great Tech Game- Shaping Geopolitics and the Destinies of Nations’ by Anirudh Suri
NEW DELHI, Jan. 20, 2022 /PRNewswire/ -- Publishing February 2022 Now available for Pre-Order: https://amzn.to/32btaX1 'A thoughtful analysis of the technology battles that got us to today—and where they might take us tomorrow.' Adam Grant, #1 New York Times bestselling author of Think Again and host of the TED podcast, WorkLife 'An inspiring read that [...]
Hybrid preferred learning model, ensures continuity of education: HP India
New Delhi, Jan 20 (PTI) There is an overwhelming preference for hybrid learning model among students, teachers and parents, and they want to continue with online learning in some form even after traditional classrooms resume, a study by HP India said on Thursday. The COVID-19 pandemic served as an inflection point for edtech globally with [...]
KOLKATA BULLION CLOSING
Kolkata, Jan.20(PTI): SILVER RDY.(BAR) : Rs.64,600.00(63,500) Per Kg. SILVER RDY.(PORTION) : Rs.64,700.00(63,600) Per Kg. GOLD (24-CARAT) RDY. : Rs.49,300.00(48,800) Per 10 Gms GOLD (22-CARAT) RDY. : Rs.46,800.00(46,300) Per 10 Gms. HALLMARKED GOLD(22-CT) RDY. : Rs.47,500.00(47,000) Per 10 Gms. ---- PTI SAM
ABB India’s Nelamangala unit gets ‘Water Positive’ certification from TERI
New Delhi, Jan 20 (PTI) ABB India on Thursday said its Nelamangala unit, in Karnataka has received a ‘Water Positive’ certification from The Energy and Resources Institute (TERI). In place of simply replacing the amount of water taken from the environment, the unit implemented an Innovative 6R approach towards 'Water Positivity' to replenish more water [...]
Price of vegetables
Bengaluru, Jan 20 (PTI): Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC). Rates per quintal: Cauliflower 500-4000, Brinjal 150-3300, Tomato 200-5000, Bitter Gourd 1000-3500, Bottle Gourd 300-2000, Ash Gourd 1000-1600, Green Chilli 350-7800, Banana Green 500-6000, Beans 150-4000, Green Ginger 823-4000, Carrot 3000-8500, Cabbage 300-4200, Ladies Finger 280-4500, Snake Gourd 600-2300, Beetroot 1500-5400, Cucumber [...]
Toyota Kirloskar drives in Hilux brand; deliveries to begin in April
New Delhi, Jan 20 (PTI) Toyota Kirloskar Motor on Thursday launched the iconic SUV model Hilux in the country.The automaker, which is a joint venture between the Japanese Toyota Motor Company and Kirloskar Group, has commenced bookings for the model, with deliveries expected to begin in April.The company noted that the vehicle would come with [...]
Soybean futures slip on muted demand
New Delhi, Jan 20 (PTI) Soybean prices on Thursday fell by Rs 47 to Rs 6,355 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery fell Rs 47, or 0.73 per cent, to Rs 6,355 per quintal [...]
Silver jewellery startup GIVA raises USD 10 mn from investors
New Delhi, Jan 20 (PTI) Silver jewellery startup GIVA has raised USD 10 million (around Rs 74 crore) from investors including Sixth Sense Ventures, to grow its business through offline and online mode. The company, in its series A funding round, raised USD 10 million, led by D2C-focused venture capital funds Sixth Sense Ventures, A91 Partners and [...]
BGE-COMMODITIES
Bengaluru, Jan 20 (PTI) Following are Thursday's commodities prices (All rates in Rs/quintal): Rice Fine 4400-5000: Medium 4500-4800: Jowar 2000-2400: Jaggery cube 4000-4200: Jaggery ball 4500-4600: Coriander Seed 10000-12500: Chilies fine 24000-34000: Potato Big 3000-3500: Medium 2000-2400: Onion Big 2600-2800: Medium 2000-2600: Small 1000-2000: Tamarind 6000-16000: Garlic 5000-6000: Horsegram 4600-5000: Wheat 2400-3000 Turmeric 8500-15500: Turdhal [...]
Bring EV financing under priority sector lending, allocate sufficient funds for R&D: SMEV
New Delhi, Jan 20 (PTI) Electric vehicles must be considered for priority lending by the government to accelerate their adoption, while sufficient funds must also be allocated for R&D in a public-private partnership mode for development of batteries, industry body SMEV said on Thursday. In its Budget wish list, the Society Of Manufacturers Of Electric [...]
Guar seed futures decline on low demand
New Delhi, Jan 20 (PTI) Guar seed prices on Thursday declined by Rs 237 to Rs 6,290 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery was trading down by Rs 237, or 3.64 per cent, at Rs 6,290 per 10 quintal with an open interest [...]
PRICES MUM GENERAL OPEN
MUMBAI, JAN 20 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 64404.00 STANDARD GOLD (99.5) : 48425.00 PURE GOLD (99.9) : 48620.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 63500.00 RS. PER KG.SILVER RDY.(PORTION) : 63600.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48800.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46300.00 RS. PER [...]
BMW launches new X3 in India, tagged at Rs 59.9 lakh
New Delhi, Jan 20 (PTI) German luxury carmaker BMW on Thursday launched the new version of its X3 SUV in India with a price starting at Rs 59.9 lakh (ex-showroom).The two locally produced petrol-powered trims of the model are priced at Rs 59.9 lakh and Rs 65.9 lakh, respectively.The successful sports activity vehicle (SAV) is [...]
Guar gum futures gain on spot demand
New Delhi, Jan 20 (PTI) Guar gum prices on Thursday gained Rs 10 to Rs 12,051 per five quintal in futures trade as speculators increased their holdings on spot demand.On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher by 0.08 per cent, or Rs 10, to Rs 12,051 per [...]
Money Market Operations
(Amount in ? crore, Rate in Per cent) Volume (One Leg) Weighted Average Rate Range A. Overnight Segment 4,71,051.22 4.01 1.50-5.95 I. Call Money 7,378.83 3.67 2.10-4.50 II. Triparty Repo 3,45,282.20 4.03 3.70-4.30 III. Market Repo 1,18,283.29 3.97 1.50-4.75 IV. Repo in Corporate Bond 106.90 5.95 5.95-5.95 B. Term Segment I. Notice Money** 159.75 3.57 [...]
I-T dept issues refunds worth over Rs 1.59 lakh cr till Jan 17
New Delhi, Jan 20 (PTI) The income tax department on Thursday said it has issued refunds of over Rs 1.59 lakh crore to more than 1.74 crore taxpayers so far this fiscal.This includes refunds worth Rs 26,372.83 crore for the 2020-21 fiscal ended March 31, 2021, to 1.36 crore income taxpayers."CBDT issues refunds of over [...]
Coriander futures rise on spot demand
New Delhi, Jan 20 (PTI) Coriander prices on Thursday rose by Rs 50 to Rs 9,650 per quintal in futures trade as speculators widened their holdings tracking firm trend in spot market.On the National Commodity and Derivatives Exchange, coriander for January delivery gained Rs 50, or 0.52 per cent, to Rs 9,650 per quintal with [...]
Why did PTC Financials India share price fall 20% today?
PTC India’s share price tanked by 9.79% today while PTC India Financial Services fell by more than 19% during the early trading hours due to the resignation of three independent directors.Kamlesh Vikamsey, Thomas Mathew, and Santosh Nayar stated that the management failed to act on the “various instances of serious lapses in corporate governance.” PTC India [...]
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