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Stocks under ₹ 150 held by Vanguard fund with high piotroski score of 8
Vanguard is a renowned global investment management company, offering a diverse range of mutual funds, ETFs, and other financial products. With a commitment to low-cost investing and a focus on long-term wealth accumulation, Vanguard has become a trusted choice for investors seeking reliable and efficient investment solutions worldwide. Here are the stocks held by Vanguard [...]
Stocks to Watch: NMDC and 4 other stocks trading ex-dividend next week
Dividends are a share of a company's profits paid out to shareholders as a reward for their investment. These periodic payments offer investors a consistent income stream and indicate the company's financial health and stability. For investors seeking reliable income and sustained growth, grasping dividend policies and trends is crucial. Here are five stocks that [...]
Chemical stocks that have entered the EV business to keep an eye on
The specialty chemicals sector in India is characterised by strong growth potential, driven by strong domestic demand across key industries such as agriculture, pharmaceuticals, and construction. The Indian chemical industry is expected to reach $300 billion by 2030 and $1 trillion by 2040, indicating significant growth opportunities for specialty chemicals. Despite global uncertainties, this sector [...]
FMCG stocks with PEG ratio of less than 1 to keep on your radar
The PEG ratio, which stands for Price/Earnings-to-Growth, is a metric that helps evaluate whether a stock is undervalued or overvalued by taking into account both the stock's price-to-earnings (P/E) ratio and its expected earnings growth rate. The Fast-Moving Consumer Goods (FMCG) companies manufacture and distribute essential consumer products that are sold quickly at relatively low [...]
3 Pharma stocks that earn 90% revenue from international markets
The pharmaceutical business is a critical component of the healthcare sector, responsible for drug research, development, manufacture, and distribution. It serves an important role in promoting and preserving public health by studying and developing drugs to prevent, treat, or cure numerous medical disorders. Here are 3 pharma stocks with export contributions of up to 90 [...]
₹ 1.91 to ₹ 173: EV stock turns ₹ 1 Lakh to ₹ 91 Lakhs in just 5 years
Listed Below is one of the leading players in the EV sector, engaged in the business of providing end-to-end solutions for manufacturing, procurement, and distribution of advanced EV Chargers, solar systems, and many more across India. It has delivered a return of 8,958 percent in just 5 years and multiplied the investor's money. Price Action [...]
Waste management stocks with low debt to keep an eye on
India's waste management sector is rapidly evolving, driven by a growing population, urbanization, and increasing environmental awareness. This industry plays a crucial role in addressing the challenges posed by the country's significant waste generation, which amounts to approximately 62 million tonnes annually, with municipal solid waste (MSW) being a major component. As urbanization continues and [...]
Transformer stock jumps 5% after receiving order worth ₹ 114 Cr for power transformers
The shares of leading transformer manufacturers gained up to 5 percent after the company received significant order for Power Transformers worth Rs 114 crore. Transformers and Rectifiers India Ltd with a market capitalization of Rs 10,232.65 crore, the shares were trading at Rs 681.80 per share, increasing around 3 percent as compared to the previous [...]
Defence stock in focus after company to receive Maharatna status
The shares of this largecap PSU company jumped around 1 percent after reports suggested it is likely to get ‘Maharatna' PSU status by the end of the year. The stock has delivered more than a 130 percent return to its shareholders in one year. Price Movement: With a market capitalization of Rs. 3,11,281 crores, the [...]
Telecom stock gets buy call for an upside of 20%; Are you holding it?
The Telecom Cellular & Fixed Line Services sector is a key driver of global connectivity, serving over 8.6 billion mobile subscriptions and 1.3 billion fixed-line connections worldwide. This sector enables voice, data, and internet services, with rapid growth in 5G networks and fiber-optic infrastructure transforming communication technologies. With a market capitalization of Rs 69,950.00 crore, [...]
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Top Editor’s Pick
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
KOLKATA BULLION CLOSING
Kolkata,Jan.19(PTI): SILVER RDY.(BAR) : Rs.63,500.00(61,950.00) Per Kg.SILVER RDY.(PORTION) : Rs.63,600.00(62,050.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,800.00(48,750.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,300.00(46,250.00) Per 10 Gms.HALLMARKED GOLD(22-CT) RDY. : Rs.47,000.00(46,950.00) Per 10 Gms. ---- PTI SAM
NSE world’s largest derivatives exchange for 3rd straight year
New Delhi, Jan 19 (PTI) The National Stock Exchange of India has emerged as the world's largest derivatives exchange for the third consecutive year in 2021 in terms of the number of contracts traded, according to the Futures Industry Association (FIA). In addition, the exchange was ranked fourth by the number of trades in cash [...]
Chennai-based Cholamandalam Investment lines up aggressive growth plans
Chennai, Jan 19 (PTI) Cholamandalam Investment and Finance Company Ltd, the financial services division of diversified conglomerate Murugappa Group, on Wednesday said it has launched three new business divisions under the consumer and SME business. The Chennai-based leading player in vehicle finance, loan against property, and housing finance business, said it has entered into an [...]
NCLAT gives go-ahead to ArcelorMittal’s resolution plan for Odisha Slurry Pipeline
New Delhi, Jan 19 (PTI) The National Company Law Appellate Tribunal (NCLAT) has approved ArcelorMittal India's takeover bid for Odisha Slurry Pipeline Infrastructure Ltd (OSIL), after it dismissed a batch of appeals filed against the L N Mittal-owned unit's resolution plan for the loan defaulter firm. A two-member Bench, comprising Jarat Kumar Jain (judicial member) [...]
Rupee snaps 3-day losing streak, settles 14 paise higher at 74.44 against USD
Mumbai, Jan 19 (PTI) The rupee snapped its 3-day losing streak to settle 14 paise higher at 74.44 (provisional) against the US dollar on Wednesday, tracking positive regional peers, even as the domestic equity market settled with significant losses.At the interbank foreign exchange market, the rupee opened lower at 74.70 a dollar, registering a decline [...]
CIABC urges govt to gradually reduce customs duties on British alcoholic beverages under proposed FTA
New Delhi, Jan 19 (PTI) The apex body for liquor firms Confederation of Indian Alcoholic Beverage Companies has urged the government to gradually reduce customs duties on British alcoholic beverages under the proposed India-UK free trade agreement to support domestic players.India and the UK have formally launched negotiations for an FTA, under which duties would [...]
Sensex, Nifty tank around 1% as rate hike worries hit global equities
Mumbai, Jan 19 (PTI) Equity benchmarks Sensex and Nifty tanked around 1 per cent on Wednesday due to sharp losses mainly in IT, banking and FMCG shares following a global rout in equities on rate hike worries. The 30-share BSE Sensex declined by 656.04 points or 1.08 per cent to close at 60,098.82, with 23 [...]
Commodity prices
Bengaluru, Jan 19 (PTI) Following are prices of commodities (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: Chillis 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 [...]
Consolidated Analytics Opens Global Centers of Excellence to Meet Growing Demand for its Next-Generation Mortgage Services Model
~ Plans to hire up to 500 mortgage and technology professionals at its India locations by year end ~ Chennai, India. January 19, 2022. Consolidated Analytics, a leading US-based mortgage services provider, today announced that it expanded its operations globally and launched two new centers of excellence in Chennai and Pune, India to support growing [...]
Kauvery Hospital Successfully Revives Three Cardiac Patients Back to Life
Three patients who suffered massive cardiac arrest, after heart attacks, and revived, back to life Chennai, Tamil Nadu, India (NewsVoir) Kauvery Hospital Chennai, a unit of Kauvery Group of Hospitals, a leading multispecialty healthcare chain in Tamil Nadu, today announced the successful treatment and revival of three patients who almost lost their lives to sudden [...]
BGE-COMML-VEGETABLES
Bengaluru, Jan 19 (PTI) Following are Wednesday's vegetable prices quoted at the Agriculture Produce Marketing Committee (APMC) with the rates per quintal: Cauliflower 500-4000, Brinjal 350-3300, Tomato 200-5000, Bitter Gourd 1500-3500, Bottle Gourd 300-2000, Ash Gourd 1000-2000, Green Chillies 300-6000, Banana Green 500-6000, Beans 200-4000, Green Ginger 823-4000, Carrot 3000-8500, Cabbage 300-4200, Ladies Finger 250-5000, [...]
Trends Rewind Contest Celebrates Trending Songs Of 2021
Contestants win phones, watches & many more prizes from the contest that was hosted by celebrities like Karan Kundrra, Shefali Jariwala, Arisfa Khan. 19th January’22, Mumbai: With celebrating the zeal and contentment of 2021 International hits, a unique contest was announced on reels to rewind the International trends of 2021. The year 2021 saw some [...]
Hitachi Energy bags order worth Rs 160 cr to support electrification of rail routes
New Delhi, Jan 19 (PTI) Hitachi Energy India on Wednesday said it has bagged orders of over Rs 160 crore to provide key electric components to support the electrification of rail routes in the country."Hitachi Energy India Ltd has won orders exceeding Rs 160 crore for its key electric components to support the electrification of [...]
Dileep Sanghani elected as IFFCO chairman
New Delhi, Jan 19 (PTI) Dileep Sanghani has been elected as chairman of the Indian Farmers Fertiliser Cooperative (IFFCO). The election was held on Wednesday, IFFCO said in a statement. These elections were held due to the demise of incumbent Chairman Balvinder Singh Nakai earlier on October 11, 2021. The elected board of directors of [...]
Thums Up’s Latest Campaign TOOFAN Amplifies Its Strong Taste With Jasprit Bumrah
New Delhi, Delhi, India – Business Wire India At the onset of new year, Thums Up, Coca-Cola India’s home-grown and fast-growing brand, has launched a new action-packed campaign ‘Toofan’ with Jasprit Bumrah by leveraging the brand’s distinct association with its strong taste and experience. There can be no better time, than new year, to remind [...]
Xinhua Silk Road: Haier Group aims high in sci-tech innovation to embrace bright future in digital age
BEIJING, Jan. 19, 2022 /PRNewswire/ -- China's Haier Group is striving to beef up its innovation capacity in science and technology to further cope with the challenge in digital age, according to Zhou Yunjie, chairman and CEO of Haier Group, who delivered a speech at the Annual Innovation Conference of the enterprise on Monday. Leveraging [...]
Cricket NFT platform Rario announces partnership with star studded Legends League Cricket
~ Basis this partnership, Rario will create NFTs from cricketing moments of over 50 legends ~ NEW DELHI, Jan. 19, 2022 /PRNewswire/ -- Officially Licensed Cricket NFT platform Rario today announced an exclusive partnership with the upcoming inaugural season of the much anticipated Legends League Cricket, which is set to be underway in Muscat, Oman [...]
Exchange, fraud issues dampen cross-border biz for MSMEs: Survey
New Delhi, Jan 19 (PTI) MSMEs have cited challenges related to high costs, exchange-related issues and concerns around frauds while doing business across borders, according to a survey. To overcome such issues, MSMEs have been partnering with third-party online selling platforms, developing their own websites and apps, digitising internally for online selling, and adopting a [...]
Advocacy group FCRP flags concerns over resolution professional appointment in Srei matter
Mumbai, Jan 19 (PTI) The Forum for Companies Under the Resolution Process (FCRP), a grouping of businessmen, has raised concerns about an EY top executive being the resolution professional for the Srei group, which is undergoing RBI-mandated insolvency proceedings, saying his appointment "reeks of conflicts of interest". Abizer Diwanji, a partner and national leader for [...]
Economic recovery yet to attain durability: Report
Mumbai, Jan 19 (PTI) Rating agency Icra on Wednesday said while there is some evidence of the economic recovery becoming broad-based in the third quarter of fiscal 2022, it is yet to attain the durability being sought by the Monetary Policy Committee (MPC) as a precursor to policy transmission. The agency expects the real GDP [...]
NEWSALERT
Cabinet approves fund infusion of Rs 1,500 cr in Indian Renewable Energy Development Agency: Union minister Anurag Thakur. PTI NKD MJH MR
Silver jumps Rs 1,603, gold marginally up
New Delhi, Jan 19 (PTI) Silver prices spurted by Rs 1,603 per kg while gold was marginally up in the local market here on Wednesday amid a weaker rupee, according to HDFC Securities. Gold prices inched up by Rs 16 to Rs 47,878 per 10 grams. In the previous trade, the precious metal had settled [...]
CIL’s supplies under e-auction rises 31% during Apr-Dec this fiscal
New Delhi, Jan 19 (PTI) State-owned CIL on Wednesday said the actual coal despatch under the five e-auction windows increased by 31 per cent to 77.4 million tonnes (MTs) in the April-December period of this fiscal. The actual coal despatch under the five e-auction windows by Coal India (CIL) was at 59 MT in the [...]
Orient Green Power Co posts Rs 6.28-cr net profit for Dec quarter
New Delhi, Jan 19 (PTI) Orient Green Power Company Ltd (OGPL) on Wednesday posted a consolidated net profit of Rs 6.28 crore for the December 2021 quarter, mainly on the back of higher revenues. The company had reported a consolidated net loss of Rs 21.42 crore in the quarter ended on December 31, 2020, according [...]
Lummo raises $80 mn in funding from Tiger Global, Sequoia Capital India, others
New Delhi, Jan 19 (PTI) Lummo (previously known as BukuKas) on Wednesday said it has raised USD 80 million (about Rs 595.8 crore) in funding led by Tiger Global and Sequoia Capital India.Other global tech and e-commerce investors such as CapitalG (independent growth fund of Google parent company Alphabet); NuvemShop CEO Santiago Sosa; and former [...]
COVIDROPS™ and COVINHALER® – Indian startups rooting for Nasal sprays and Pocket Inhalers for COVID-19 therapeutics
Keeping up with worldwide advances in the development of the second generation of COVID-19 therapeutics, this Indian startup has set up special purpose entities to take forward the idea of developing Nasal and Inhaled drug products. PUNE, India, Jan. 19, 2022 /PRNewswire/ -- As the COVID-19 therapeutics research landscape continues to evolve, novel vaccine and [...]
PayU launches full-stack solutions; helps SMBs access credit starting from Rs. 25,000
- 'Priority Settlement' solution allows merchants to receive funds as frequently as 15 mins - Credit amounts start from Rs 25,000 to several crores; repayment cycles range from 1 week to 1 year NEW DELHI, Jan. 19, 2022 /PRNewswire/ -- PayU, India's leading online payments solutions provider, has introduced a full-stack, versatile product suite to [...]
LEXUS INDIA OPENS PRE-BOOKINGS FOR THE ALL-NEW LEXUS NX 350h
• Launched in 2018, the Lexus NX has been one of the most successful models for Lexus in India • The new model showcases the evolution of the Lexus NX's performance, design, and technology BANGALORE, India, Jan. 19, 2022 /PRNewswire/ -- Lexus India, today announced the opening of pre-bookings for its much refined, bold & [...]
Sean Tao, partner of EVG, speaks at the Forbes U30 Summit China Explores community value and adaption of the Metaverse
HONG KONG, Jan. 19, 2022 /PRNewswire/ -- On Jan 18, 2022, Sean Tao, partner of Everest Ventures Group (EVG), a leading Asian blockchain venture studio that drives the mass adoption of digital assets and blockchain technologies, was invited to lead the 2022 Forbes Under 30 (U30) Summit China Metaverse panel. The 2022 Forbes U30 Summit [...]
IndiGG raises $6mn funding from Sequoia Capital India, others
New Delhi, Jan 19 (PTI) IndiGG, a part of Yield Guild Games (YGG), on Wednesday said it has raised USD 6 million (about Rs 44.7 crore) in funding from Sequoia Capital India, Lightspeed Venture Partners and others. The round also saw participation from Jump Capital, Variant Fund, Dune Ventures, Griffin Gaming Partners, Transcend Fund, Animoca [...]
Container logistics startup Matchlog raises USD 3 mn from Blue Ashva Capital, others
Mumbai, Jan 19 (PTI) MatchLog, a container logistics optimisation platform, has raised USD 3 million (around Rs 22.3 crore) in a funding round from venture capital fund Blue Ashva Capital, Rainmatter Climate, and early-stage investor Capital-A. The capital raised in the pre-Series A round will be deployed to develop Matchlog's platform further for AI and [...]
GE Targets Lower Emissions by Removing 51,000 Tons SO2 per Year for Anuppur Thermal Power Plant
New Delhi, Delhi, India – Business Wire India • In this association with Apollo International Limited for MB Power (Madhya Pradesh) Ltd. as the power producer, General Electric (GE) will design the complete Wet Flue Gas Desulfurization (WFGD) system and supply key components for the 2X600 MW Anuppur Thermal Power Plant (TPP) in Madhya Pradesh [...]
Absolut Collaborates with Diverse Indian Artists for a New Campaign – Absolut Creative Commune
Artists Khyati Trehan, Osheen Siva, Aravani Art Project, Tarqeeb and Daku share their interpretation of culturally relevant brand beliefs through art Delhi, India – Business Wire India Absolut unveils an inspiring new campaign – Absolut Creative Commune – with an aim to champion an open and harmonious world and create positive change through art. In [...]
GAIL suspends its Director Ranganathan after CBI arrest
New Delhi, Jan 19 (PTI) State-owned gas utility GAIL (India) Ltd on Wednesday confirmed the suspension of its Director (Marketing) E S Ranganathan following his arrest by the CBI over allegedly taking bribes to give discounts on petrochemical products to private companies. "This is to inform that President of India in exercise of the powers [...]
PRICES MUM GENERAL OPEN
MUMBAI, JAN 19 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 63004.00 STANDARD GOLD (99.5) : 48011.00 PURE GOLD (99.9) : 48204.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 61950.00 RS. PER KG.SILVER RDY.(PORTION) : 62050.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48750.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46250.00 RS. PER [...]
Crude oil futures rise on spot demand
New Delhi, Jan 19 (PTI) Crude oil prices rose Rs 75 to Rs 6,374 per barrel on Wednesday, as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the February delivery traded higher by Rs 75, or 1.19 per cent, at Rs 6,374 per [...]
Gold futures gain on spot demand
New Delhi, Jan 19 (PTI) Gold prices on Wednesday rose Rs 33 to Rs 47,959 per 10 gram in the futures trade as speculators created fresh positions on a firm spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 33, or 0.07 per cent, at [...]
SBI-DIRECT EXCHANGE RATES
MUMBAI, JAN 19 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE ) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 73.90 75.40 73.84 75.56 EUR/INR 83.14 86.01 83.07 86.18 GBP/INR 99.95 103.12 99.87 103.33 JPY/INR 64.08 66.27 64.02 [...]
Silver futures rise on spot demand
New Delhi, Jan 19 (PTI) Silver prices rose Rs 406 to Rs 63,425 per kg in the futures trade on Wednesday, as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for January delivery gained Rs 406, or 0.64 per cent, to Rs 63,425 per kg in 9,545 [...]
Sebi launches mobile app on investor education
New Delhi, Jan 19 (PTI) Amid the growing trend of stock trading through mobiles, capital markets regulator Sebi on Wednesday launched its mobile App -- Saa₹thi-- to create awareness among investors about the basic concepts of securities market. Launching the app, Sebi chairman Ajay Tyagi said, "This mobile App is yet another initiative of Sebi with [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, JAN 19, (PTI) Money Market Operations as on JAN 18, 2022 (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 4,89,504.42 3.66 1.00-5.50 I. Call Money 10,230.44 3.62 2.10-4.53 II. Triparty Repo 3,60,572.30 3.66 3.48-4.27 III. Market Repo 1,18,589.70 3.64 1.00-4.65 IV. Repo [...]
Zinc futures rise on spot demand
New Delhi, Jan 19 (PTI) Zinc prices rose by Rs 1.45 to Rs 293 per kg in futures trade on Wednesday 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 1.45, or 0.5 per cent, [...]
Nickel futures rise on firm spot demand
New Delhi, Jan 19 (PTI) Nickel prices increased by 0.45 per cent to Rs 1,662.5 per kg in futures trade on Wednesday 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 7.4 or 0.45 per cent, [...]
Proptech firm Reloy raises Rs 5 cr from investors including Inflection Point Ventures
New Delhi, Jan 19 (PTI) Proptech startup Reloy, which is a loyalty platform for homeowners, has raised Rs 5 crore from investors, including Inflection Point Ventures, to expand and grow its business. The strategic pre-Series A round was led by Inflection Point Ventures, Fawkes Fund, family office of Greenpanel & Greenlam, and 50+ prominent angels, [...]
Copper futures rise on spot demand
New Delhi, Jan 19 (PTI) Copper prices on Wednesday traded up by 0.55 per cent to Rs 745.3 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 4.05, or 0.55 per cent, to [...]
Aluminium futures rise on spot demand
New Delhi, Jan 19 (PTI) Aluminium prices inched up 0.33 per cent to Rs 239.7 per kg in the futures trade on Wednesday as speculators built up fresh positions amid a positive trend in the spot market.On the Multi Commodity Exchange, aluminium contracts for January delivery gained Rs 0.33, or 0.8 per cent, to Rs [...]
Rising demand lifts refined soya oil futures
New Delhi, Jan 19 (PTI) Refined soya oil prices on Wednesday rose by Rs 8.5 to Rs 1,209 per 10 kg in futures trade as speculators raised their bets.On the National Commodity and Derivatives Exchange, refined soya oil for January delivery moved up by Rs 8.5 or 0.71 per cent, to Rs 1,209 per 10 [...]
Lexus India commences bookings for NX 350h SUV
New Delhi, Jan 19 (PTI) Japanese car maker Toyota's luxury car arm Lexus on Wednesday said it has commenced bookings of its all new premium SUV NX 350h in India. Ushering in a new era of luxury, the company is embracing intuitive technology, performance, design, and electrification through this model, the company said in a [...]
Guar seed futures rise on fresh bets
New Delhi, Jan 19 (PTI) Guar seed prices on Wednesday rose by Rs 40 to Rs 6,540 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for January contracts increased by Rs 40, or 0.52 per [...]
Tata Motors forays into CNG segment; drives in CNG trims of Tiago, Tigor
Tata Motors on Wednesday forayed into the CNG segment with the launch of Tiago and Tigor trims in order to strengthen its position in the CNG market.The company’s iCNG range offers robust performance, a wide range of premium features, upmarket interiors and uncompromised safety.“We would be keen to have at least 30-35 per cent penetration [...]
Coriander futures rise on demand
New Delhi, Jan 19 (PTI) Coriander prices on Wednesday rose Rs 44 to Rs 9,700 per quintal in futures trade as speculators widened their holdings tracking firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for January delivery went up Rs 44, or 0.46 per cent, to Rs 9,700 per [...]
Guar gum futures gain on demand
New Delhi, Jan 19 (PTI) Guar gum prices on Wednesday gained Rs 128 to Rs 12,273 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 February delivery traded higher 1.05 per cent, or Rs 128 to Rs 12,273 per five [...]
Hero Electric, Mahindra ink pact to collaborate in EV space
New Delhi, Jan 19 (PTI) In a significant development, Hero Electric and Mahindra Group on Wednesday announced a strategic pact in the electric vehicle space. As part of the partnership, Mahindra Group will manufacture Hero Electric's most popular electric bikes -- Optima & NYX -- at their Pithampur plant, in Madhya Pradesh to meet the [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Jan 19 (PTI) Cottonseed oil cake prices on Wednesday increased by Rs 10 to Rs 3,322 per quintal in futures trade as speculators created fresh positions driven by firm spot demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in January traded up by Rs 10 or 0.3 per [...]
Benefit from High FD Rates and Deposit Safety with Bajaj Finance FD
Pune, Maharashtra, India (NewsVoir) Fixed deposit is one of the most preferred investment tools available in the market as it remains unaffected by fluctuating market trends. Furthermore, it is a reliable option to park one's hard-earned money in to yield higher returns on their deposit. Banks, post offices, and non-banking financial institutions (NBFCs) offer fixed [...]
HarperCollins Presents Teething: A Story Told in Verse By Megha Rao
NEW DELHI, Jan. 19, 2022 /PRNewswire/ -- A story told in verse, Teething begins when Kochu, a young boy in Kerala, is caught kissing the neighbour's son. All hell breaks loose, ending in Kochu taking his own life. Years after the scandal, after discovering his suicide note, his oldest sister, Achu, sets out to uncover [...]
Patent Awarded to Nanoprecise Sci Corp for its Automated Predictive Maintenance Solution
Patented Technology enables asset owners and operators to obtain real-time insights about the health and performance of the machines and predicts the Remaining Useful Life of Industrial Assets. BANGALORE, India, Jan. 19, 2022 /PRNewswire/ -- Nanoprecise is proud to announce that the U.S. Patent and Trademark Office has fully issued a Patent for our AI-based [...]
Star Localmart enters Pune, Plans to launch 100 stores in FY23
PUNE, India, Jan. 19, 2022 /PRNewswire/ -- Star Localmart, the retail arm of Sanjay Ghodawat Group, today inaugurated its first retail store at Kesnand, Wagholi in Pune. Strategically designed and located, Star Localmart aims to enhance the lives of consumers with convenience and product affordability, while simultaneously providing an unparalleled retail experience by empowering local [...]
Business briefs
Qarmatek raises $3mn funding from GVFL, others New Delhi, Jan 19 (PTI) Qarmatek, a player in the refurbished and renewed electronics category, has raised USD 3 million (about Rs 22.3 crore) in funding, led by GVFL (Gujarat Venture Finance Ltd) and Caspian Debt. In the preliminary stage, the funds will be utilised towards expanding and [...]
Travel plans for thousands disrupted as airlines cancel/curtail US flights over 5G deployment
New York, Jan 19 (PTI) Travel plans for thousands of passengers, including those travelling to India, were disrupted after airlines cancelled or curtailed some flights to and from the US over the issue of deployment of new 5G service, scheduled to begin from Wednesday. Several international airlines, including Air India, have announced that they will [...]
Pet foods start-up Dogsee Chew raises Rs 50 cr
New Delhi, Jan 19 (PTI) Pet foods start-up Dogsee Chew on Wednesday said it has raised Rs 50 crore in Series A round from Mankind Pharma along with existing investor, Sixth Sense Ventures. The investment in the firm that offers 100 per cent vegetarian dog treats marks Mankind Pharma's entry into the pet food category, [...]
IEX divests 4.93% equity stake in gas exchange platform to Indian Oil
New Delhi, Jan 19 (PTI) Indian Energy Exchange (IEX) on Wednesday announced divestment of 4.93 per cent of its equity stake in Indian Gas Exchange (IGX) to oil major Indian Oil Corporation. Energy exchange IEX and National Stock Exchange (NSE) are promoters of IGX, a gas exchange which has been set up to promote gas [...]
KOLKATA BULLION OPENING
Kolkata, Jan.19(PTI): SILVER RDY. (BAR) : Rs.61,950.00 Per Kg.SILVER RDY. (PORTION) : Rs.62,050.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,750.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,250.00 Per 10 Gms.HALLMARKED GOLD (22-CT) RDY. : Rs.46,950.00 Per 10 Gms. ---- PTI SAM
Everest Group Names Pennant Technologies as a Major Contender in Consumer Loan Origination Systems PEAK Matrix® Assessment 2022
HYDERABAD, India, Jan. 19, 2022 /PRNewswire/ -- Pennant Technologies, a leading FinTech company delivering solutions designed to be future-ready to the global banking and financial services industry, today announced it has been positioned as a Major Contender in Everest Group's PEAK Matrix® Assessment for Consumer Loan Origination Systems. The company's lending platform, pennApps Lending Factory, [...]
20% of Maharashtra’s Best Educators teach at JBCN Oshiwara
MUMBAI, India, Jan. 19, 2022 /PRNewswire/ -- JBCN Oshiwara is ranked consistently amongst the top international schools in Mumbai. The founder, Mrs Pinky Dalal has always believed that learning is a journey that never ends and teachers are facilitators in a child's learning journey. It was gratifying to see the innovative and compassionate teaching approach [...]
World’s Leading Hair Removal Brand Nair Signs on Bollywood Actress Mrunal Thakur as Brand Ambassador
The actor will be part of a 360° integrated campaign for NAIR with a focus on digital and OTT platforms Mumbai, Maharashtra, India – Business Wire India Recently expanding its footprint in India, #1 Hair removal cream, wax, depilatory in the US; the NAIR brand has signed on Bollywood actor Mrunal Thakur as its first [...]
The Motorola’s moto g71 5G With India’s First Snapdragon 695 5G Processor, Featuring 13 5G Bands, 6.4” AMOLED Display & More Goes on Sale Today on Flipkart, Priced at Just Rs.18,999
New Delhi, Delhi, India – Business Wire India • The moto g71 5G can be purchased at an effective price of just Rs. 18,249 (incl. of bank offer of Extra 10% Off on ICICI Bank Cards) during Flipkart Big Saving Days Sale till 22nd January 2022.• Motorola brings the latest and incredibly powerful Qualcomm Snapdragon™ [...]
Just Dial shares tumble nearly 6% post earnings announcement
New Delhi, Jan 19 (PTI) Shares of Just Dial on Wednesday dipped nearly 6 per cent after the company's consolidated net profit declined by 61.2 per cent for the quarter ended in December 2021. The stock declined 5.78 per cent to Rs 791 on the BSE. At the NSE, it tumbled 5.90 per cent to [...]
Lupin inks pact with Shenzhen Foncoo to introduce products in China
New Delhi, Jan 19 (PTI) Drug firm Lupin on Wednesday said it has inked a pact with Shenzhen Foncoo Pharmaceutical Co to sell products in China. This is the company's first partnership arrangement in China and reinforces drug maker's commitment to bringing high-quality generic and complex generic medicines to patients around the world, Lupin said [...]
Finance ministry invites applications for Irdai whole-time member post
New Delhi, Jan 19 (PTI) The finance ministry has invited applications for the post of the whole-time member (non-life) at insurance regulator Irdai. The applicant should preferably have at least 25 years of experience in the area of insurance (including general and health insurance), with a minimum of three years' experience at a senior level, [...]
Power Finance Corp, REC reduce lending rates by 40 bps
New Delhi, Jan 19 (PTI) State-run non-banking financial firms -- Power Finance Corporation (PFC) and REC Ltd -- have reduced their lending rates across all types of loans by 40 basis points. PFC and REC Ltd have further reduced their lending rates across all types of loans by 40 Bps, a power ministry statement said. [...]
Bajaj Finance shares jump nearly 4% after Q3 earnings
New Delhi, Jan 19 (PTI) Shares of Bajaj Finance on Wednesday jumped nearly 4 per cent after the company reported an 85.5 per cent rise in consolidated net profit for the third quarter of the current fiscal. The stock spurted by 3.82 per cent to touch its 52-week high of Rs 8,043.50 on the BSE. [...]
Rupee falls 12 paise to 74.70 against US dollar in early trade
Mumbai, Jan 19 (PTI) The rupee declined by 12 paise to 74.70 against the US dollar in opening trade on Wednesday, as muted domestic equities and elevated crude oil prices weighed on investor sentiments. At the interbank foreign exchange, the rupee opened weak at 74.70 against the US dollar, registering a decline of 12 paise [...]
Business schedule for Wednesday, Jan 19
DELHI: * CS Mohapatra, Additional Secretary, Goods and Services Tax Council to address PHDCCI Committee Members (1700 hrs) * Launch of PayPal India's MSME Digital Readiness Survey 2021 (1200 hrs) * Jindal Saw Ltd - Hunting PLC joint venture announcement (1745 hrs) * Tata Motors virtual launch of iCNG (1130 hrs) MUMBAI: * No major [...]
Reliance Jio topples BSNL as largest fixed line broadband provider
New Delhi, Jan 19 (PTI) In about two years of commercial roll out of its fixed-line broadband services, Reliance Jio has toppled 20 -year-old state-run telecom company BSNL as top service provider in the segment. According to a monthly telecom subscribers report released by the telecom regulator Trai on Tuesday, Jio now leads the fixed-line broadband [...]
CredR to invest USD 15 mn to expand used 2-wheeler business
New Delhi, Jan 19 (PTI) Used two-wheeler buying and selling platform CredR on Wednesday said it will invest USD 15 million (around Rs 110 crore) in 2022-23 to expand its business. The Bengaluru-based firm plans to open 50 CredR showrooms for used two-wheelers in FY22-23 and over 100 showrooms by 2024, CredR said in a [...]
Sensex declines by over 200 pts in opening trade amid weak global trends
Mumbai, Jan 19 (PTI) Equity benchmark Sensex declined by more than 200 points in opening trade on Wednesday due to losses in IT and banking shares amid weak global trends. The 30-share barometer dropped by 208.38 points or 0.34 per cent to 60,546.48 in opening trade. The broader NSE Nifty declined by 84.95 points or [...]
XtalPi Partners with Excelra for GOSTAR to Enhance its Intelligent Digital Drug Discovery and Development platform
HYDERABAD, India and SHENZHEN, China, Jan. 19, 2022 /PRNewswire/ -- Excelra, a leading global Data & Analytics organization, today announced the partnership for its Global Online Structure Activity Relationship Database (GOSTAR) with XtalPi Inc., an AI-based pharmaceutical biotechnology company reinventing the industry's approach to drug research and development with its Intelligent Digital Drug Discovery and [...]
Heifer International, Cargill and Walmart Foundation Partner to Invest in Farmer Producer Organizations in India
Hatching Hope: Accelerating Incomes Through Diversification builds on global backyard poultry initiative and previous program partnerships to challenge cultural norms and increase financial independence for women VIJAYAWADA, Andhra Pradesh, Jan. 19, 2022 /PRNewswire/ -- Today, Heifer International, Cargill and Walmart Foundation announced the expansion of Hatching Hope: Accelerating Incomes Through Diversification into India to improve [...]
Reliance Jio pays Rs 30,791 cr for all spectrum acquired before Mar 2021
New Delhi, Jan 19 (PTI) Telecom major Reliance Jio on Wednesday said it has paid Rs 30,791 crore, including accrued interest, to the Department of Telecom to clear entire spectrum payments liabilities that the company acquired before March 2021 auctions. The payments include liabilities pertaining to the spectrum acquired in 2014, 2015, 2016 auctions and [...]
Lotus Eye Hospital and Institute reveals their message for 2022: See The World Better
COIMBATORE, India, Jan. 19, 2022 /PRNewswire/ -- Lotus Eye Hospital and Institute reveals their vision for 2022. The hospital elaborately plans to expand its reach by addressing the lack of awareness among people about the latest technologies and developments in eye care. The campaign named 'See The World Better' focuses on helping people achieve better [...]
Sensormatic Solutions by Johnson Controls prioritizes responsible retail by continued focus and investment into sustainability practices
• Johnson Controls brand Sensormatic Solutions releases new white paper detailing its multi-faceted approach to empower retailers, shoppers, and its own organization to reach sustainability goals • Sensormatic leverages big data and AI to optimize retailers' sustainability through a range of digitally enabled solutions and services NEUHAUSEN, Switzerland, Jan. 19, 2022 /PRNewswire/ -- Sensormatic Solutions, [...]
Burns & McDonnell India Announces New Leadership
Anjan Khandelwal Will Work as the Firm's Chief Financial Officer and Parul Gopal as Chief Administrative Officer. MUMBAI, India, Jan. 18, 2022 /PRNewswire/ -- Burns & McDonnell India, a full-service engineering, architecture, construction, environmental and consulting solutions firm, has named Anjan Khandelwal as chief financial officer (CFO) and Parul Gopal as chief administrative officer (CAO). [...]
Bill & Melinda Gates Foundation and Wellcome Pledge US$300 Million to CEPI for COVID-19 Pandemic Response and to Accelerate Epidemic Preparedness
The foundations call on world leaders to support the Coalition for Epidemic Preparedness Innovations (CEPI) to help end the COVID-19 crisis, prepare for future pandemics, and address epidemic threats. SEATTLE and LONDON, Jan. 18, 2022 /PRNewswire/ -- Today the Bill & Melinda Gates Foundation and Wellcome each pledged US$150 million for a total of US$300 [...]
Internet panel on languages ropes in Vijay Shekhar Sharma as ambassador
New Delhi, Jan 18 (PTI) Global internet body ICANN-supported Universal Acceptance Steering Group on Tuesday said it has roped in Paytm founder Vijay Shekhar Sharma as UA Ambassador. Universal Acceptance Steering Group works on developing and recommending standards for languages script that are not currently used to access the internet. "We are striving towards building [...]
DoT revises international roaming SIM card rules to enhance customer protection
New Delhi, Jan 18 (PTI) The Department of Telecom has revised no objection certificate rules for sale or rent of international roaming SIM cards to enhance customer protection, an official statement said on Tuesday. The move aims to benefit Indians visiting abroad and also streamlines procedures in line with the other licences. "The revised policy [...]
DPIIT holds stakeholder meet on proposed e-commerce policy
New Delhi, Jan 18 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) on Tuesday held a meeting with different stakeholders, including domestic and foreign companies, on the proposed e-commerce policy, an official said. The meeting was attended by representatives from Udaan, Flipkart, Amazon, Tata, Netmeds, Pepperfry, Snapdeal, Urban Ladder and Indiamart as [...]
Trust among most scarce commodities during pandemic: Leaders at WEF summit
New Delhi/Davos, Jan 18 (PTI) Trust has emerged as one of the most scarce commodities during two years of the COVID-19 pandemic and a huge inequity has been a key driving force behind it, experts opined on Tuesday at the World Economic Forum's online Davos Agenda summit. The pandemic has shown that if one person [...]
Bajaj Finance Q3 profit rises 86% to Rs 2,125 cr
New Delhi, Jan 18 (PTI) Bajaj Finance on Tuesday reported an 85.5 per cent rise in consolidated net profit at Rs 2,125.29 crore for the third quarter of the current fiscal. Net profit stood at Rs 1,145.98 crore in the year-ago period. Total income increased to Rs 8,535.06 crore for the quarter under review from [...]
Skill Ministry, IGNOU ink pact on vocational education and training
New Delhi, Jan 18 (PTI) The Ministry of Skill Development & Entrepreneurship signed an agreement with the Indira Gandhi Open University on Tuesday in a bid to link vocational education and training with higher education. The partnership aims to further strengthen the vocational and technical training framework while making India's youth employable by creating avenues [...]
Border policy to be reviewed with more data; zero-tolerance on COVID-19 not possible: Japan
New Delhi/Davos, Jan 18 (PTI) Having closed its borders till February-end, Japan on Tuesday said it continues to take a cautious approach but changes will be made to border policies as more data comes in and a zero-tolerance policy towards COVID-19 is neither possible nor appropriate. Addressing the World Economic Forum's online Davos Agenda 2022 [...]
KYEF welcomes J&K Bank’s one-time settlement scheme; ‘will ease difficulties of stressed biz units’
Srinagar, Jan 18 (PTI) The Kashmir Youth Entrepreneurs Federation (KYEF) on Tuesday welcomed the special one-time settlement scheme announced by Jammu and Kashmir Bank for its NPA (non-performing asset) account holders saying it will ease the difficulties of the stressed business units. "We welcome the special One Time Settlement Scheme for NPA account holders of [...]
Receiving reports that 15-18 age group being administered vaccine other than Covaxin: Bharat Biotech
Hyderabad/ New Delhi, Jan 18 (PTI) Bharat Biotech on Tuesday said it is receiving several reports that children in the age group of 15-18 years are being administered COVID-19 vaccine other than Covaxin. Requesting health workers to be vigilant and ensure that only Covaxin is administered to that particular age group, Bharat Biotech in a [...]
Not possible to end this virus; pandemic viruses end up becoming part of ecosystem: WHO official
New Delhi/Davos, Jan 18 (PTI) It is not possible to end the COVID-19 virus as such viruses never go away and end up becoming part of the ecosystem, a top WHO official said on Tuesday but asserted that it is possible to end this year the public health emergency caused by COVID-19 with a collaborative [...]
Just Dial profit declines by 61.2 pc in Oct-Dec
New Delhi, Jan 18 (PTI) Just Dial on Tuesday said its consolidated net profit declined by 61.2 per cent to Rs 19.4 crore for the quarter ended in December 2021. The company's net profit stood at Rs 49.9 crore in the year-ago period, Just Dial said in a regulatory filing. Its net revenue from operations [...]
AGS Transact Tech mobilises Rs 204 cr from anchor investors ahead of IPO
New Delhi, Jan 18 (PTI) Payment solutions provider AGS Transact Technologies on Tuesday raised Rs 204 crore from anchor investors ahead of its initial share-sale that opens for public subscription on Wednesday. The company has allotted over 1.16 crore equity shares to anchor investors at Rs 175 apiece, aggregating the transaction size to [...]
Vikram Dev Dutt appointed Air India chief, Manish Kumar Gupta is new Vice Chairman of DDA
New Delhi, Jan 18 (PTI) Senior bureaucrat Vikram Dev Dutt was on Tuesday appointed as the new chief of the loss-making national carrier Air India, which is slated to be handed over to the Tata Sons.Dutt's appointment was part of a senior-level bureaucratic reshuffle effected by the Centre in which Manish Kumar Gupta was appointed [...]
Business briefs
*Get-a-whey bags Rs 1 cr funding from Shark Tank India Mumbai, Jan 18 (PTI) Get-a-whey, a city-based ice cream brand, has received investment of Rs 1 crore from a reality show called Shark Tank India.The investors include Bharatpe's Ashneer Grover, Aman Gupta of Boat, and Sugar Cosmetics' Vineeta Singh. They will get a 15 per [...]
AISECT’s case study published in Harvard Journal by ISB
Bhopal, Jan 18 (PTI) AISECT, India's leading social enterprise that is working in the areas of social entrepreneurship and skill development, has been recognised for its steadfast commitment in the area through a case study published in the Harvard journal by the Indian School of Business, Hyderabad (ISB). This case study has now also been [...]
Dixon, boAt form 50:50 JV to manufacture Bluetooth-enabled audio devices; eye Rs 1,000 cr in 4 yrs
New Delhi, Jan 18 (PTI) Electronics manufacturing firm Dixon Technologies and Imagine Marketing, the parent company of home-grown earwear brand boAt, have formed a 50:50 joint venture to manufacture Bluetooth-enabled audio devices and aims to have a revenue of Rs 1,000 crore in the next four years. The proposed joint venture will undertake the design [...]
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