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Stock backed by Govt. of Singapore jumps 4% after receiving approval for ₹12,000 Cr Residential Project

A real estate stock backed by the Government of Singapore experienced a 5% surge in trading on Tuesday following the announcement of a significant project approval. The company secured the Real Estate Regulatory Authority (RERA) approval for a new development project with an estimated Gross Development Value (GDV) of Rs.9,000 crore.  Price Movement During Wednesday’s [...]

Textile stock skyrockets 13% after company’s net profit increases by 52% YoY

The shares of the textile company, one of the largest women's bottom-wear brands in India, jumped up to 13 percent after announcing its Q4 results, which showed a 52 percent year-on-year (YoY) increase in profit. Price action With a market capitalization of Rs. 4,255.91 crores on Wednesday, the shares of Go Fashion (India) Ltd jumped [...]

Fertilizer stock jumps after reporting 253% YoY increase in net profits

During Wednesday’s trading session, the shares of India’s leading agri-solutions provider offering diverse products and services across the farming value chain are in focus on the stock exchanges, after reporting Q4 FY25 financial results with a rise in net profit by around 14 percent QoQ and 253 percent YoY. Price Movements With a market capitalisation [...]

EV stock crashes after announcing its Q4 results

During Wednesday’s trading session, the shares of a company primarily engaged in the manufacturing of storage batteries moved down by nearly 5 percent on BSE, after the company reported financial results for Q4 FY25. Price Movements With a market capitalisation of Rs. 30,022 crores, at 03:17 p.m., the shares of Exide Industries Limited were trading [...]

Solar stock jumps 6% after receiving order worth ₹50 Cr for solar power plant

During Wednesday’s trading session, the price of a solar equipment manufacturing company surged up to 6% intraday after securing an order worth 50.52 crore from Braithwaite & CO. Limited Price movement With a market capitalization of Rs. 414.5 crores, on Wednesday, the shares of GP Eco Solutions India Ltd were trading up by close to [...]

Auto ancillaries stock in focus after company to invest ₹423 Cr for EV Powertrain Project

The share of the Auto Ancillaries - Electrical company recovered 3 percent from its day low after announcing a joint venture manufacturing of High Voltage EV powertrain products. Price Movements With the market capitalization of Rs 51,680 Crores, the share of Uno Minda Ltd is up by 0.99 percent compared to the previous close of [...]

When will Nifty 50 hit 25,000 and Bank Nifty break 56,000? Here’s everything you need to know

The Indian stock market has experienced a significant rally recently, with the Nifty 50 and Bank Nifty showing considerable consolidation now. As global and domestic market conditions continue to evolve, investors and traders are left wondering whether the Nifty 50 can climb above 25,000 and if the Bank Nifty can surpass 56,000 during this sideways [...]
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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 [...]
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Oct 12, 2024

₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years

Editor's Pick, News

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 [...]

Oct 12, 2024

Latest Market News

Twin Star moves Supreme Court against NCLAT order scrapping Rs 2,692 cr bid for Videocon

New Delhi, Jan 18 (PTI) Vedanta Chairman Anil Agarwal-promoted Twin Star Technologies has moved Supreme Court challenging insolvency appellate tribunal NCLAT's order that set aside its Rs 2,692 crore bid for 13 group companies of the debt-ridden Videocon group. Earlier this month, allowing the plea of dissented creditors, the National Company Law Appellate Tribunal (NCLAT) [...]

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 Rs 204 [...]

NABL accreditation for KIMSHEALTH testing, calibration

Thiruvananthapuram, Jan 18 (PTI) The KIMSHEALTH Medical Devices Testing and Calibration Lab (KMDTCL) has won NABL (National Accreditation Board for Testing and Calibration Laboratories) recognition and became the country's second and Kerala's first hospital group to receive the honour. KIMSHEALTH said the accreditation authorises it to test the performance standard of medical equipment and certify [...]

Over 4,000 online applications for land allotment received by industries department: Officials

Jammu, Jan 18 (PTI) The industries department has received over 4,000 online applications for land allotment pledging a proposed investment of Rs 44,327 crore, an official spokesman said on Tuesday. It was informed at a meeting chaired by J&K Chief Secretary Arun Kumar Mehta to review the functioning of the industries and commerce department here, [...]

Robust Q3 Results from Tata Elxsi- Profit up 44% at Rs 151 Cr

New Delhi, Jan 18 (PTI) Tata Elxsi on Tuesday said its net profit increased 43.5 per cent to Rs 151 crore in December quarter 2021-22. The company is among the world’s leading design and technology services providers across industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation. It had registered a net profit of Rs 105.2 [...]

Israel’s ‘variant radar’ keeping tabs on emerging Covid variants globally: Bennett

New Delhi/Davos, Jan 18 (PTI) Israel has developed a "variant radar" dedicated to gathering intelligence on emerging COVID-19 variants across the world and it helped the country react to fast-spreading Omicron even before it got its name, its Prime Minister Naftali Bennett said on Tuesday. Addressing the World Economic Forum's online Davos Agenda 2022 summit, [...]

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 domestic and foreign e-commerce firms besides domestic traders body CAIT (Confederation of All India [...]

Business highlights

New Delhi, Jan 18 (PTI) Following are the top business stories at 2010 hours: DEL59 BIZ-LD FM DEVAS Govt to use Supreme Court order to counter Devas enforcements in international fora: FM New Delhi: The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia [...]

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 has been appointed as the Chairman & Managing Director of Air India Ltd as part of a senior-level bureaucratic reshuffle effected by the Centre on Tuesday.Dutt, a 1993-batch IAS officer of AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre, is at present Principal Secretary [...]

Vaccines must be central strategy to fight COVID-19 pandemic: WHO official

New Delhi/Davos, Jan 18 (PTI) Amid concerns about COVID-19 vaccines not reaching all parts of the world, especially to poor countries, a top WHO official on Tuesday said vaccination must be central to any strategy to fight the pandemic and equitable distribution is a must. While some of the developed nations are talking about the [...]

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 domestic and foreign e-commerce firms besides domestic traders body CAIT (Confederation of All India [...]

Investor wealth tumbles over Rs 3.78 lakh cr as stocks dive

New Delhi, Jan 18 (PTI) Investors' wealth on Tuesday tumbled by more than Rs 3.78 lakh crore as equities faced heavy selling pressure following weak global trends. The 30-share BSE index tanked 554.05 points or 0.90 per cent to settle at 60,754.86. Tracking weak trends, the market capitalisation of BSE-listed companies tumbled Rs 3,78,213.43 crore [...]

Rs 40 cr outlay earmarked for dairy and sheep units in tribal areas in J&K

Jammu, Jan 18 (PTI) The Jammu and Kashmir Tribal Affairs department has earmarked Rs 40 crore for dairy farms and sheep farms in tribal villages, while an outlay of Rs 15 crore has been earmarked for mini sheep farms, an official spokesman said on Tuesday. The information was given at a meeting chaired by Secretary, [...]

Business briefs

*Mycaptain raises $3 mn from Ankur Capital, others Mumbai, Jan 18 (PTI) Online mentoring startup Mycaptain has raised USD 3 million (about Rs 22.3 crore) in funding led by Ankur Capital.The pre-series A round also saw participation from Inflection Point Ventures, Firstport Ventures, IIM Calcutta Angels Network, Singapore Angel Investors and other super angels.The Bengaluru-based [...]

Jute unions seek union minister’s intervention to save industry, livelihood of workers

Kolkata, Jan 18 (PTI) Nine major trade unions have jointly written to Union Textile Minister Piyush Goyal drawing his attention to the crises plaguing the jute industry that are putting the livelihood of workers at stake. In a recent letter, the unions mentioned rampant lockout or suspension of work in jute mills of West Bengal [...]

Govt suspends GAIL director Ranganathan after CBI arrest

New Delhi, Jan 18 (PTI) The government has suspended E S Ranganathan, Director (Marketing) of GAIL (India) Ltd, after his arrest by the CBI over allegedly taking bribes to give discounts to private companies buying petrochemical products from the state-owned gas utility. The Ministry of Petroleum and Natural Gas on January 17 issued orders suspending [...]

Areca, coconut prices

Mangaluru, Jan 18 (PTI) : Following are areca and coconut prices: Areca (per QTL) Old Supari: Rs 48000 to Rs 53000 model Rs 50000 New Supari: Rs 40000 to Rs 45000 model Rs 43000 Koka: Rs 35000 to Rs 39500 model Rs 37500 Coconut [per thousand]: 1st qlty : Rs 18000 to Rs 20000 model [...]

Pravah co-founder Ashraf Patel among 15 social innovators awarded globally

New Delhi/Davos, Jan 18 (PTI) A Brazilian using hip-hop to turn youth away from crime, a park ranger using technology to revive Australia's indigenous culture and an Indian nurturing inside-out youth leadership figure among the social innovators of 2022 announced on Tuesday. The awards, announced by the World Economic Forum's sister organisation, The Schwab Foundation, [...]

Bullion rates

Bengaluru, Jan 18 (PTI) Closing bullion rates: Standard gold [99.5 purity] Rs 49,730 per 10 gram; ornamental gold Rs 4,637 per gram; silverspot [.999 fineness] Rs 63,500 per kg. PTI DVR NVG NVG

Shriram Properties Q3 sales bookings up slightly at Rs 415 cr

New Delhi, Jan 18 (PTI) Realty firm Shriram Properties on Tuesday reported a marginal increase in its sales bookings to Rs 415 crore during the quarter ended December. Its sales bookings had stood at Rs 410 crore in the year-ago period, according to a regulatory filing. During the first nine months of this fiscal, the [...]

More geopolitical competition or greater cooperation: WEF President on 2022 possibilities

New Delhi/Davos, Jan 18 (PTI) The world appears to be at crossroads with the possibility of greater geopolitical competition or greater global cooperation ahead in 2022, the World Economic Forum's President Borge Brende said on Tuesday. With the global leaders discussing 'the state of the world' at the WEF's online Davos Agenda summit, Brende said [...]

Network18 Media Q3 net profit falls 7.9% to Rs 306.9 cr

New Delhi, Jan 18 (PTI) Media firm Network18 Media & Investments Ltd on Tuesday reported a 7.93 per cent decline in its consolidated net profit to Rs 306.94 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 333.38 crore in the October-December quarter a year ago, Network18 [...]

Vikram Dev Dutt appointed Air India Ltd chief

New Delhi, Jan 18 (PTI) Senior bureaucrat Vikram Dev Dutt has been appointed as the Chairman and Managing Director of Air India Ltd as part of a senior-level bureaucratic reshuffle effected by the Centre on Tuesday.Dutt is a 1993-batch IAS officer of AGMUT (Arunachal Pradesh, Goa, Mizoram and Union Territory) cadre.He has been appointed as [...]

Govt to use Supreme Court order to counter Devas enforcements in international fora: FM

New Delhi, Jan 18 (PTI) The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on Tuesday as she launched a blistering attack on the Congress for handing over airwaves used [...]

20 states evince interest to avail additional borrowing for power sector

New Delhi, Jan 18 (PTI) As many as 20 states have evinced interest for getting additional borrowing space for the power sector under a central scheme while Andhra Pradesh is only state to succeed in getting over Rs 2,100 crore under the programme, a release said. The Ministry of Finance had launched a programme in [...]

Sidbi sanctions Rs 650 cr to two SFBs for onlending

Mumbai, Jan 18 (PTI) Sidbi on Tuesday said it has sanctioned financial assistance of Rs 650 crore to AU Small Finance Bank and Jana Small Finance Bank so as to reach out to small-sized NBFCs/MFIs who will in turn provide funding to small businesses and micro entrepreneurs. An amount of Rs 530 crore has already [...]

Cost of debt funds for states surges to 7.24%

Mumbai, Jan 18 (PTI) States are shelling out more for debt funds, with the weighted average cost for their debt auctions hardening by 9 basis points to touch 7.24 per cent, the highest level so far this fiscal, during the auctions on Tuesday. Compared to the previous week, the cost has gone up by 9 [...]

Hero MotoCorp, Engine No. 1 to invest in Gogoro Inc and Poema Global Holdings

New Delhi, Jan 18 (PTI) Two-wheeler market leader Hero MotoCorp and investment firm Engine No. 1, along with another investor, will invest in electric vehicle battery swapping ecosystems provider Gogoro Inc and Poema Global Holdings, a special purpose acquisition company, increasing the total funding to USD 285 million, according to a regulatory filing. With this, [...]

Medall to strengthen presence in South India; eyes to open 300-400 centres in 2022

Chennai, Jan 18 (PTI): Medall, diagnostic service provider has lined up plans to strengthen its presence in Southern parts of the country by setting up 300-400 centres during the year, the company said on Tuesday. Apart from penetrating deeper into Tamil Nadu into tier two and three cities, Medall would be expanding into Karnataka, Andhra [...]

India Pavilion Crosses 800K Footfall Milestone

Underlining India's growth story, the buzz at #IndiaAtDubaiExpo continues to captivate people with our rich heritage & ambitious growth opportunities: Shri Piyush Goyal Dubai, United Arab Emirates (NewsVoir) The India Pavilion, one of the largest and most visited pavilions at EXPO2020 Dubai, has crossed 8 lakh footfalls milestone. The Pavilion was inaugurated by Shri Piyush [...]

NIVEA India is Certified as a Great Place to Work®

Mumbai, Maharashtra, India (NewsVoir) NIVEA India has been awarded the Great Place to Work® Certification 2022. This certification marks the exceptional work and commitment of the company to live by its purpose of Care Beyond Skin and its core values every single day. Over the years, NIVEA India has invested in their talent and culture [...]

Abacus.AI to invest USD 50 mn in India, to hire 200 people in India R&D unit

New Delhi, Jan 18 (PTI) Abacus.AI on Tuesday said the company will invest USD 50 million in its R&D (research and development) division in Mumbai over the next three years. The company plans to initially hire 20 engineers and scientists, and this number will grow to 200 in the next three years, the company said [...]

Rupee slumps 33 paise to 2-week low on high crude prices, rate hike worries

Mumbai, Jan 18 (PTI) Continuing its fall for the third straight session, the rupee on Tuesday slumped by 33 paise to close at a two-week low of 74.58 against the US dollar as a strong American currency and elevated crude oil prices continue to weigh on investor sentiments. Forex traders said muted domestic equities and [...]

TCS becomes title sponsor and tech partner of Toronto Waterfront Marathon

New Delhi, Jan 18 (PTI) Tata Consultancy Services on Tuesday said it has tied up with Canada Running Series (CRS) to become the new title sponsor and official IT services and technology consulting partner of the Toronto Waterfront Marathon and Virtual Race through November 2026. TCS and CRS aim to modernise marathon running in Canada [...]

Embassy group gives on lease nearly 4.65 lakh sq ft office space to Allianz in Kerala

New Delhi, Jan 18 (PTI) Realty firm Embassy Group on Tuesday said it has provided on lease nearly 4.65 lakh square feet office space to Allianz in Trivandrum in Kerala.Embassy group has provided space to Allianz companies in its Embassy Taurus TechZone project.Allianz has taken 463,704 square feet of the Grade-A office space, Embassy group said [...]

NTPC invites bids from developers to build 900-MW solar photovoltaic parks in Cuba

New Delhi, Jan 18 (PTI) State-owned power giant NTPC has invited bids from developers to build a 900-megawatt (MW) solar photovoltaic parks in Cuba. "NTPC Ltd, India's largest integrated energy producer, invites bids from developers to build the solar PV parks in the Republic of Cuba," the company said in a statement. NTPC, a corporate [...]

PE, VC investments jump to all-time high of USD 77 bn in 2021: Report

Mumbai, Jan 18 (PTI) Private equity and venture capital funds invested USD 77 billion in Indian companies in 2021, a jump of 62 per cent over the previous year, a report said on Tuesday. Going by a number of deals, there was a 37 per cent growth to 1,266 transactions, the report by industry lobby [...]

FM charges Congress of fraud in entering into Antrix-Devas deal; cites SC judgment

New Delhi, Jan 18 (PTI) Finance Minister Nirmala Sitharaman on Tuesday accused Congress-led UPA of entering into a "fraud" and "scandalous" deal with Devas Multimedia by allocating S-band spectrum used by the defence for "pittance". At a press conference, she said the government is now fighting in every court to save taxpayers' money that would [...]

71 pc of employees rethinking their careers: Report

Mumbai, Jan 18 (PTI) As the ongoing pandemic impacted the job market and become a catalyst for employees resetting their priorities, a report has revealed that about 71 per cent of workers surveyed are rethinking their careers and might explore a different career. While economies across the globe struggled with a new wave of Covid-19, [...]

Rashid Khan, Ruturaj Gaikwad and Prithvi Shaw announce NFT deals with Rario

NEW DELHI, Jan. 18, 2022 /PRNewswire/ -- Afghan spinner Rashid Khan and Indian batting duo Ruturaj Gaikwad and Prithvi Shaw become the latest among a growing list of International cricketers to team up with Rario - the world's first cricket NFT platform. The young trio join the likes of Virender Sehwag, Rishabh Pant, AB de [...]

MUMBAI, JAN 18

(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 61668.00 61602.00 STANDARD GOLD (99.5) : 47949.00 47929.00 PURE GOLD (99.9) : 48142.00 48122.00 ------------------- PTI MUM SVC SVC SVC

NEWSALERT

FM Sitharaman says arbitration tribunals have awarded USD 1.2 bn plus cost and interest on pleas by Devas shareholders against cancellation of Antrix deal. PTI DP ANZ MR MR

Israel warns against easing Iran sanctions, says it can unleash ‘terror on steroids’

New Delhi/Davos, Jan 18 (PTI) Israeli Prime Minister Naftali Bennett on Tuesday warned against any easing of sanctions against Iran and said any funding for Tehran could lead to unleashing "terror on steroids" by what he described as an "octopus of terror". Addressing the World Economic Forum's online Davos Agenda summit, he also invited the [...]

NEWSALERT

We are fighting to save taxpayers' money which otherwise would have gone to pay for the scandalous Antrix-Devas deal: FM. PTI DP ANZ RAM BAL BAL

Jewellery industry body urges govt to reduce GST to 1.25%

Mumbai, Jan 18 (PTI) The All India Gem and Jewellery Domestic Council (GJC) on Tuesday urged the government to reduce the rate of GST (goods and services tax) to 1.25 per cent. In its pre-Budget 2022-23 recommendations to Union Finance Minister Nirmala Sitharaman, GJC has sought a cumulative GST rate of 1.25 per cent based [...]

NEWSALERT

Govt fighting in every court so that Devas does not get away with Antrix deal fraud, says Finance Minister Nirmala Sitharaman. PTI DP ANZ RAM BAL BAL

KOLKATA BULLION CLOSING

Kolkata,Jan.18(PTI): SILVER RDY.(BAR) : Rs.61,950.00(62,050.00) Per Kg.SILVER RDY.(PORTION) : Rs.62,050.00(62,150.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,750.00(48,800.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,250.00(46,300.00) Per 10 Gms.HALLMARKED GOLD(22-CT) RDY. : Rs.46,950.00(47,000.00) Per 10 Gms. ---- PTI SAM

Sensex, Nifty tank around 1 pc as global equities sink on rate hike worries

Mumbai, Jan 18 (PTI) Benchmark stock indices Sensex and Nifty plunged by around 1 per cent on Tuesday due to sharp losses in auto, metal, and realty stocks amid a global rout in equities triggered by rising US bond yields and a spike in crude oil. The 30-share index slumped by 554.05 points or 0.90 [...]

Gold declines Rs 23; silver flat

New Delhi, Jan 18 (PTI) Gold price in the national capital on Tuesday dipped Rs 23 to Rs 47,814 per 10 grams, in line with weak international precious metal prices, according to HDFC Securities.In the previous trade, the precious metal settled at Rs 47,837 per 10 grams.Silver was flat at Rs 61,835 per kg from [...]

NEWSALERT

2005 Antrix-Devas agreement to provide multimedia services to mobile users using leased S-band satellite spectrum was a fraud: FM. PTI DP ANZ RAM BAL BAL

NEWSALERT

FM accuses Congress-led UPA of misusing power to give away S-Band spectrum, used for national security purposes, for 2005 Antrix-Devas deal. PTI DP ANZ BAL BAL

FHRAI demands loan moratorium for pandemic-hit hospitality sector

New Delhi, Jan 18 (PTI) Hospitality industry body FHRAI on Tuesday said it has asked Finance Minister Nirmala Sitharaman to consider a moratorium for loans taken by players in the sector and a special resolution framework for restructuring of loans as part of immediate measures to support the pandemic-battered industry. In a representation submitted to [...]

NEWSALERT

It was a fraud on people of India, fraud against the country: FM Sitharaman on 2005 deal between Antrix and Devas. PTI DP ANZ BAL BAL

Third wave may peak in next three weeks: Report

Mumbai, Jan 18 (PTI) The third wave of the COVID-19 pandemic is likely to peak much earlier than anticipated and may take a maximum of three more weeks, even though the share of rural districts in new caseloads has increased significantly since December, says a report. The optimism comes from the massive decline in new [...]

ICICI Securities Q3 PAT up 42% to Rs 380 cr

New Delhi, Jan 18 (PTI) ICICI Securities on Tuesday reported a 42 per cent growth in profit after tax at Rs 380 crore for the December 2021 quarter. The company had posted a PAT of Rs 267 crore in the corresponding quarter of the preceding fiscal, ICICI Securities said in a statement. The company posted [...]

DSP Investment Managers launches SIP-focused NFO

Mumbai, Jan 18 (PTI) DSP Investment Managers on Tuesday announced the launch of what it claims to be the country's first SIP-focused new fund offer for its global innovation fund of fund. The new fund will open on January 24 and close on February 7. It will identify innovative companies that are likely to remain [...]

COMMODITY PRICES

MUMBAI, JAN 18 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 731.00 COPPER HEAVY SCRAPS 720.00 COPPER ARMATURE (CREDIT) 698.00 COPPER UTENSILS SCRAP 635.00 CC ROD 769.00 BRASS :- BRASS SHEET CUTTING 535.00 BRASS UTENSIL SCRAP 483.00 BRASS HONEY 479.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 187.00 ALUMINIUM EXTRUSION SCRAP 210.00 ALUMINIUM INGOTS [...]

PRICES MUM OILSEEDS CLOSING

MUMBAI, JAN 18 (PTI) OILS (per 10 Kgs) G.Nut Raw 1340.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1175.00 Sunflower Exp.Ref. 1230.00 Cottonseed(Refined) 1235.00 Refined Palm Oil 1160.00 Soyabean Ref. 1205.00 Imp.Soyabean Crude - Rapeseed Ref. 1660.00 Rapeseed Exp. 1630.00 Copra white 1600.00 Rice Bran 4-7% FFA - Rice Bran 1110.00 Linseed 1970.00 Castor [...]

Tata CLiQ Luxury Introduces The Watch Society, a Phygital Society for Watch Enthusiasts

Designed to offer exclusive content and bespoke experience, the phygital society will enable content, conversations, and commerce Mumbai, Maharashtra, India – Business Wire India Tata CLiQ Luxury, India’s premier luxury lifestyle platform, has announced the launch of ‘The Watch Society’, a phygital society aimed at engaging with the luxury and aspiring consumer and forming special [...]

Kotak Investment Advisors’ pre-IPO fund mobilises Rs 2,000 cr

New Delhi, Jan 18 (PTI) Kotak Investment Advisors on Tuesday SAID it has successfully closed its maiden Kotak pre-IPO Opportunities Fund, raising Rs 2,000 crore. The fund will invest in a range of India-focused late-stage new-age businesses with a strong moat of technology, according to a statement. The Kotak Pre-IPO Opportunities Fund has already made [...]

Firmenich signs Strategic Partnership Agreement with HARMAY in China

Collaboration brings expanded value to Fine Fragrance category GENEVA, Jan. 18, 2022 /PRNewswire/ -- Firmenich, the world's largest privately-owned fragrance and taste company, is proud to announce a new strategic partnership with HARMAY, a leading new retail brand in China. Under the agreement, Firmenich and HARMAY will join forces to contribute to the development of [...]

Rupee slumps 33 paise to close at 74.58 against US dollar

Mumbai, Jan 18 (PTI) Continuing its fall for the third consecutive session, the rupee on Tuesday slumped 33 paise to close at 74.58 (provisional) against the US dollar as strong American currency and elevated crude oil prices continue to weigh on investor sentiments.Forex traders said muted domestic equities and dollar buying by banks on behalf [...]

Sensex tanks 550 pts; Nifty slumps below 18,150

Mumbai, Jan 18 (PTI) Equity benchmark Sensex plunged by 554.05 points on Tuesday, tracking deep losses in realty, auto and metal stocks amid widespread selling pressure in global markets. The 30-share index slumped by 554.05 points or 0.90 per cent to end at 60,754.86. The broader NSE Nifty fell by 195.05 points or 1.07 per [...]

Bidding for CBM blocks to start on Feb 15, end on March 15: DGH

New Delhi, Jan 18 (PTI) Bidding for 15 blocks offered in the first coal-bed methane (CBM) round in more than a decade will start on February 15 and end on March 15, the Directorate General of Hydrocarbons (DGH) said on Tuesday. Bids under the Special CBM Bid Round-2021, which was launched in September last year, [...]

Sri Lanka averts major default; repays USD 500 million international sovereign bonds

Colombo, Jan 18 (PTI) Sri Lanka has repaid USD 500 million international sovereign bond (ISB) that was due for settlement, the Central Bank said on Tuesday, averting a major default amidst deepening forex crisis and spiralling external debt in the island nation. The development came days after India earlier this month announced a USD 900 [...]

TV18 Broadcast’s net profit falls 17.4% to Rs 311.5 cr in Dec quarter

New Delhi, Jan 18 (PTI) Media firm TV18 Broadcast Ltd on Tuesday reported a 17.4 per cent drop in its consolidated net profit to Rs 311.55 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 377.20 crore for the October-December period of the previous fiscal, TV18 Broadcast [...]

Coal India committed to meet ‘elevated’ demand of power sector: Official

Kolkata, Jan 18 (PTI) Mining major Coal India Ltd is committed to meet the “elevated” demand of the dry fuel from the power sector, including coastal plants dependent on imports, a company official said on Tuesday.The miner had hoped the demand would ease by December last year, but that did not happen, he said. “We [...]

Copper futures decline on tepid spot demand

New Delhi, Jan 18 (PTI) Copper prices on Tuesday fell 0.32 per cent to Rs 741.80 per kg in the futures trade, as participants trimmed their bets amid a weak trend in the domestic market. On the Multi Commodity Exchange, copper for delivery in January was trading lower by Rs 2.40, or 0.32 per cent, [...]

Oil price tops $87/bbl but petrol, diesel prices stay unchanged

New Delhi, Jan 18 (PTI) International oil prices jumped to the highest level since 2014, topping USD 87 a barrel but domestic petrol and diesel prices remained unchanged for the 74th day in a row - a freeze that may be linked to ensuing assembly elections in states like Uttar Pradesh and Punjab. Brent - [...]

Nickel futures rise on firm spot demand

New Delhi, Jan 18 (PTI) Nickel prices on Tuesday rose 0.45 per cent to Rs 1,640 per kg in the futures trade 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 February delivery gained Rs 7.30, or 0.45 per [...]

Zinc futures edge higher on robust demand

New Delhi, Jan 18 (PTI) Zinc prices on Tuesday rose Rs 2 to Rs 290 per kg in the futures trade, tracking a firm trend in physical markets. On the Multi Commodity Exchange, zinc contracts for January traded higher by Rs 2, or 0.69 per cent, to Rs 290 per kg with a business turnover [...]

Crude oil futures gain on higher demand

New Delhi, Jan 18 (PTI) Crude oil prices on Tuesday rose Rs 85 to Rs 6,318 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the January delivery traded higher by Rs 85, or 1.36 per cent, to Rs 6,318 per barrel in 8,398 [...]

BBNL to connect 6,929 border, Naxal-hit panchayats by June with satcom services

New Delhi, Jan 18 (PTI) Rural broadband infrastructure organisation BBNL expects to connect 6,929 panchayats located in border, Naxal-affected areas and in island territories with satellite-based communications services. The special purpose vehicle under the telecom ministry has already commissioned satellite services in 4,682 gram panchayats (GPs) including those located in Galwan Valley, Doklam, Leh, Tawang [...]

Silver futures drop on subdued demand

New Delhi, Jan 18 (PTI) Silver futures on Tuesday eased by Rs 13 to Rs 61,885 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for the March delivery declined Rs 13, or 0.02 per cent, to Rs 61,885 per kg in a business turnover of 12,499 [...]

Gold futures fall on low demand

New Delhi, Jan 18 (PTI) Gold prices on Tuesday fell Rs 26 to Rs 47,891 per 10 grams in the futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for February traded lower by Rs 26, or 0.05 per cent, to Rs 47,891 per 10 grams in [...]

EPS Global and DriveNets Announce Strategic Partnership to Speed the Adoption of Cloud-Native Networking by Leading Operators Worldwide

-- EPS Global joins DriveNets Partner Program; the companies are already working together on global network deployments by Tier-1 Asian operators -- DUBLIN and RA'ANANA, Israel, Jan. 18, 2022 /PRNewswire/ -- DriveNets, a leader in cloud-native and disaggregated networking solutions, and EPS Global, a worldwide distributor of technology solutions from industry-pioneering manufacturers, today announced a [...]

Oil price tops $87/bbl but petrol, diesel prices stay unchanged

New Delhi, Jan 18 (PTI) International oil prices jumped to the highest level since 2014, topping USD 87 a barrel but domestic petrol and diesel prices remained unchanged for the 74th day in a row - a freeze that may be linked to ensuing assembly elections in states like Uttar Pradesh and Punjab. Brent - [...]

Inox Wind to offer shares worth Rs 400 cr under its arm IGESL’s IPO

New Delhi, Jan 18 (PTI) Inox Wind on Tuesday said a panel of its board has approved its participation in the proposed initial public offer of Inox Green Energy Services Ltd (IGESL) through an offer for sale of equity shares worth Rs 400 crore.On December 6, 2021, IGESL board approved fund raising through an initial [...]

Zypp Electric’s two-wheelers to be integrated onto Battery Smart’s network

New Delhi, Jan 18 (PTI) Battery Smart, an electric vehicle battery-swapping service provider, on Tuesday said it has partnered with shared electric mobility start-up Zypp Electric for integration of the latter's electric two-wheelers into its network. Under the partnership, 2,000 Zypp Electric two-wheelers will be integrated onto Battery Smart's network and riders will have access [...]

vEmpire DDAO reports USD 18.5 mn profit in 2021

Mumbai, January 18 – Decentralized metaverse vEmpire DDAO on Tuesday reported a stellar performance in 2021 with an annualized profit of over $18.5 million, led by gains in metaverse property, sale of NFTs and staking investments. The year-end report, compiled by vEmpire, discloses its staking strategies carried out across Ethereum, Decentraland, Sandbox, Axie Infinity, and [...]

India’s Retail Industry Most Vulnerable to Ransomware

By Sophos India India's retail industry is currently experiencing an exponential growth period, with predictions forecasting the local market will reach $1.5 trillion by 2023, growing by nearly $700 billion since the start of the decade.This growth,largely driven by socio-economic factors such as urbanisation, income growth and a rise in nuclear families, brings with it [...]

“What’s next for Cyber Insurance?”

By Sophos India The cybersecurity sector continues to grow in India, with Forbes India reporting the nation is expected to spend up to $3 billion on cybersecurity in 2022. And it’s easy to see why. According to the 2021 Sophos State of Ransomware Report, two-thirds (68%) of Indian organisations have been attacked by ransomware in [...]

Cimpress Launches Back to Work Program For Women on Break

Mumbai, Maharashtra, India – Business Wire India Cimpress understands that everyone has multiple responsibilities to fulfill while providing a comfortable life for their families. However, given the societal construct, the domestic responsibilities often fall in the plate of women. Some manage to balance both the worlds, professional as well as personal, but some have to [...]

HSIL transforms to a focused Packaging Company with the Divestment of Building Products Division for a Cash Consideration of Rs 630 Crore

GURUGRAM, India, Jan. 18, 2022 /PRNewswire/ -- HSIL Limited ("HSIL"), India's leading packaging company, in its Board meeting held today approved the divestment of its Building Products division to Brilloca Limited ("Brilloca"), a wholly owned subsidiary of Somany Home Innovation Limited ("SHIL") in a slump sale transaction for a cash consideration of Rs 630 crore. [...]

Stempeutics gets DCGI nod for Phase 3 clinical trial on its product for treating COVID patients

New Delhi, Jan 18 (PTI) Stempeutics, a group company of Manipal Education and Medical Group (MEMG), on Tuesday said it has received DCGI clearance to conduct Phase 3 clinical trial on its product for treating COVID-19 patients suffering from acute respiratory distress syndrome (ARDS). The company will be using its stem cell product, Stempeucel, for [...]

Axis My India Constitutes Advisory Board with Industry Experts Shashi Sinha and Vikram Sakhuja as Members

Vikram Sakhuja nominated as Chairman Mumbai, Maharashtra, India (NewsVoir) Axis My India, the country’s leading consumer data intelligence-company, announced the constitution of a pioneering advisory board, with advertising industry experts Shashi Sinha, CEO of IPG Mediabrands and Vikram Sakhuja, Group CEO of Madison Media joining the board. Mr. Sakhuja would be Chairman of the board. [...]

Reliance Retail buys 54% stake in Addverb Tech for USD 132 mn

New Delhi, Jan 18 (PTI) Mukesh Ambani led Reliance Retail has acquired a 54 per cent stake in domestic robotics company Addverb for USD 132 million (about Rs 983 crore), a senior official of the robotic firm said Tuesday. Addverb Technologies co-founder and CEO Sangeet Kumar told PTI that the company will continue to operate [...]

Price of vegetables

Bengaluru, Jan 18 (PTI) Following are vegetable rates quoted at Agriculture Produce Marketing Committee (APMC).Rates per quintal: Cauliflower 1000-6000; Brinjal 350-3200; Tomato 250-5500; Bitter Gourd 1000-5000; Bottle Gourd 300-2400; Ash Gourd 1000-2000; Green Chilli 330-8000; Banana Green 500-6000; Beans 200-4000; Green Ginger 823-4000; Carrot 2500-8500; Cabbage 500-4200; Ladies Finger 250-5000; Snake Gourd 800-2500; Beetroot 1500-6900; [...]

Significant percentage of India’s workforce considering changing jobs in 2022: LinkedIn

New Delhi, Jan 18 (PTI) Notwithstanding the pandemic, India's workforce is optimistic about the future of work, and a significant percentage of professionals are considering changing their jobs this year, according to a report.LinkedIn, the leading online professional network, on Tuesday launched new job-seeker research, which revealed that 82 per cent of professionals in India [...]

NEWSALERT

Reliance Retail buys 54 per cent stake in Addverb Technologies for USD 132 million: Addverb CEO. PTI PRS BAL BAL

BGE-COMML-COMMODITIES

Bengaluru, Jan 18 (PTI) Following are today'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 2500-3000: Medium 1800-2200: 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 [...]

PRICES MUM GENERAL OPEN

MUMBAI, JAN 18 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 61668.00 STANDARD GOLD (99.5) : 47949.00 PURE GOLD (99.9) : 48142.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62050.00 RS. PER KG.SILVER RDY.(PORTION) : 62150.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48800.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46300.00 RS. PER [...]

SBI-DIRECT EXCHANGE RATES

MUMBAI, JAN 18 (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 73.6 75.1 73.54 75.26 EUR/INR 83.32 86.15 83.25 86.32 GBP/INR 99.76 102.94 99.68 103.14 JPY/INR 63.6 65.77 63.55 [...]

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