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Infra stock jumps 3% after announcing capex plans worth ₹ 2,359 Cr for ports
India’s Second largest private commercial port operator engaged in the business of developing, operating, and maintaining port and other infrastructures jumped 3 percent in the day’s trade upon approving capex plans worth Rs. 2,359 Crores. Price Action With a market capitalization of Rs. 65,458 Crores, the shares of JSW Infrastructure Limited were trading at Rs. [...]
3 FMCG stocks in focus after announcing capex, acquisition and demerger
The Fast-Moving Consumer Goods (FMCG) companies manufacture and distribute essential consumer products that are sold quickly at relatively low costs. These products include food and beverages, personal care items, cleaning products, and other household goods, which are typically consumed or replaced frequently, making them essential to everyday life. CRISIL forecasts 7-9 percent revenue growth for [...]
FMCG stock hits 10% upper circuit after it partners with NBFCs to support farmers
The shares of the organic product manufacturer hit 10 percent upper circuit after the company announced its strategic partnership with Non-Banking Financial Companies (NBFCs). With a market capitalization of Rs 1,041.46 crore, the shares of Sarveshwar Foods Ltd were trading at Rs 10.64 per share, increasing around 9 percent as compared to the previous closing [...]
EV stock under ₹ 100 jumps 4% after company to set up EV manufacturing plants in Saudi Arabia
The shares of this smallcap company jumped upto 4 percent in Monday’s trading session after announcing a joint venture in Saudi Arabia to establish two plants to assemble electric vehicles. Price Movement: With a market capitalization of Rs. 1,439 crores, the shares of Wardwizard Innovations & Mobility Ltd started Monday’s trading session on a higher [...]
Jhunjhunwala stock jumps 3% after mutual fund bought 39.74 Lakh shares in the company
The shares of the largest footwear company gained up to 3 percent after Kotak Mahindra Mutual Fund bought a fresh stake of 39.74 lakh equity shares in the company. Metro Brands Ltd has a market capitalization of Rs 33,881.38 crore, the shares were trading at Rs 1,245.90 per share, increasing around 0.91 percent as compared [...]
RK Damani stock falls 7% after SBI Mutual Fund sold 2.9% stake in the company
During Monday’s trading session, the shares of a company engaged in manufacturing cigarettes slumped 7.5 percent to Rs. 477.9 on BSE, after SBI Mutual Fund sold a 2.89 percent stake in the company through a bulk deal on NSE. With a market capitalization of Rs. 7,734.6 crores, at 11:12 a.m., the shares of VST Industries [...]
Infra stock hits 5% upper circuit after receiving an order worth ₹ 3,498 Cr
The shares of this micro-cap company hit 5 percent upper circuit after the company received a fresh work order of Rs 3,498 crore, which is higher than its market value. RBM Infracon Ltd has a market capitalization of Rs 808.75 crore, the shares were trading at Rs 800.50 per share, increasing around 5 percent as [...]
Solar energy stock jumps 3% after receiving orders worth ₹ 7 Cr from Suzlon Energy
Solar Energy stock engaged in providing integrated engineering, procurement, construction, and commissioning services for solar, wind energy, and other projects jumped upto 3 percent in the day’s trade upon receiving multiple work orders from Suzlon Energy Limited worth Rs. 7 Crores. Price Action With a market capitalization of Rs. 394 Crores, the shares of Winsol [...]
Smallcap stock jumps 19% after receiving order worth ₹ 1402 Cr from ONGC
During Monday’s trading session, the shares of a leading integrated solutions provider for Oil & Gas field operations surged 19.08 percent to hit a new 52-week high at Rs. 473.55 on BSE, after the company secured an order worth Rs. 1,402 crores from Oil and Natural Gas Corporation (ONGC). With a market capitalisation of Rs. [...]
EV stock hits 5% upper circuit after signing JV to set up EV charging plant in Coimbatore
the shares of the leading clean energy solution provider hit 5 percent upper circuit of Rs 40.37 apiece after the company signed a joint venture agreement to set up an electric vehicle charger manufacturing unit. with a market capitalization of Rs 29.11 crore, the shares of Epic Energy Ltd were trading at Rs 40.37 per [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
APTEL reinstates 50 MW wind project being developed by Inox Wind arm
New Delhi, Jan 12 (PTI) Inox Wind on Wednesday said the Appellate Tribunal for Electricity (APTEL) has reinstated a 50 MW wind energy project in Kutch being undertaken by its arm at a tariff of Rs 3.46 per unit. "Appeal No. 292 of 2021 filed by Wind Four Renergy Private Ltd (WFRPL), a wholly owned [...]
Nalco successfully puts into operation all 960 pots at smelter plant in Odisha
New Delhi, Jan 12 (PTI) State-owned Nalco on Wednesday said it has successfully put into operation all the 960 pots at its existing smelter plant located in Angul, Odisha. Nalco Chairman and Managing Director Sridhar Patra formally operationalised the 960th pot by virtually switching on the pot from the company's corporate office in Bhubaneswar, the [...]
Women in higher decision-making positions needed: Bhupender Yadav
New Delhi, Jan 12 (PTI) Union Labour Minister Bhupender Yadav has stressed on the need for women in higher positions for decision making to boost their participation in the workforce.“For promoting female labour force participation rate, not only there should be higher participation in women in the workforce but women should be seen at positions [...]
Follow guidelines to obtain documents from CBI in corruption cases: CVC to govt depts, banks
New Delhi, Jan 12 (PTI) The Central Vigilance Commission (CVC) on Wednesday asked central government departments, public sector banks and insurance companies to follow existing guidelines for obtaining relevant documents from the CBI for initiating and timely completion of departmental action against corrupt employees.The move comes after it noticed that departmental inquiries in a few [...]
Dixon forms JV with Japan’s Rexxam to manufacture printed circuit boards
New Delhi, Jan 12 (PTI) Dixon Technologies, a contract manufacturer in electronic goods, on Wednesday said it has entered into a joint venture with Japan-based Rexxam Co Ltd for manufacturing of printed circuit boards (PCBs) for air conditioners for domestic and international markets. Dixon Devices, the joint venture company, will be 40 per cent owned [...]
TCS Q3 net up 12 pc to Rs 9,769 cr on higher revenues; talent wars crimp margins
Mumbai, Jan 12 (PTI) The country's largest software exporter TCS on Wednesday reported a 12.2 per cent jump in December quarter net profit at Rs 9,769 crore on handsome revenue growth, and guided towards maintaining the same momentum going forward on the back of a strong demand environment. The city-headquartered company, the cash cow of [...]
PGCIL inks pact with Africa50 for Kenya Transmission Project
New Delhi, Jan 12 (PTI) State-owned Power Grid Corporation of India Ltd (PGCIL) has inked a pact with pan-African infrastructure investment platform Africa50 to continue the development of the Kenya Transmission Project on a public-private partnership basis. According to a statement by the power ministry, the project entails the development, financing, construction, and operation of [...]
Infosys logs 11.8% rise in Q3 net profit; upgrades FY22 revenue growth outlook to up to 20%
New Delhi, Jan 12 (PTI) Infosys Ltd on Wednesday reported a near 12 per cent rise in its December quarter net profit to Rs 5,809 crore and raised its annual revenue forecast on the back of strong demand from businesses going digital amid the pandemic.The Bengaluru-based company's consolidated net profit in the September-December 2020 quarter [...]
IIP growth remains muted at 1.4 pc, consumer inflation jumps to 5.59 pc
New Delhi, Jan 12 (PTI) In twin blows for the economy, industrial production remained muted for the third straight month in November 2021 while retail inflation rose to a six-month of 5.59 per cent in December. The Index of Industrial Production (IIP) grew by 1.4 per cent in November as most components like manufacturing, electricity, [...]
Centre ‘defaulting’ on promise of doubling farmers’ income: Telangana CM
New Delhi, Jan 12 (PTI) Blaming Centre's policies for rising cultivation costs of farmers, Telangana Chief Minister K Chandrasekhar Rao on Wednesday said Prime Minister Narendra Modi-led government is "defaulting" on its promise of doubling farmers' income by 2022. In February 2015, the Union government had announced it will double farmers income in six years [...]
Wipro Q3 PAT almost flat at Rs 2,969 cr; to continue WFH globally for next 4 weeks amid Omicron wave
New Delhi, Jan 12 (PTI) IT services major Wipro Ltd on Wednesday posted a consolidated net profit of Rs 2,969 crore for the December 2021 quarter, almost flat compared to the year-ago period, but said demand environment continues to be "robust". The company has decided to close its offices globally for the next four weeks [...]
Precision Shipyard land to boost shipbuilding capability : TWL
Kolkata, Jan 12 (PTI) Titagarh Wagons Limited (TWL) Wednesday said it has acquired land and infrastructure of Precision Shipyard located at Falta in West Bengal which will be used to boost its ship building capacity and execute the Rs 400 crore order book. The land and facility was acquired under an auction sale by Union [...]
Financial immunity gains currency in post-pandemic world: Survey
New Delhi, Jan 12 (PTI) Amid the fresh wave of the coronavirus pandemic, Indians are more prepared to deal with the situation while paying more attention to financial immunity through insurances and cutting on discretionary expenses, as per a study.Post the first year of the pandemic, people are spending less on discretionary items, and they [...]
Business briefs
*Indian Bank, IIM-K LIVE to provide credit assistance to startups Mumbai, Jan 12 (PTI) State-owned Indian Bank on Wednesday signed an MoU with IIM-Kozhikode LIVE (Laboratory for Innovation Venturing and Entrepreneurship) for facilitating debt funding for identified startups. These startups are being incubated by IIM K-LIVE under Indian Bank's 'Ind Spring Board' scheme, a release [...]
Business highlights
New Delhi, Jan 12 (PTI) Following are the top business stories at 2045 hours: DEL94 BIZ-LD ECONOMY IIP growth remains muted at 1.4 pc, consumer inflation jumps to 5.59 pc New Delhi: In twin blows for the economy, industrial production remained muted for the third straight month in November 2021 while retail inflation rose to [...]
Future Coupons deal: NCLAT to hear Amazon’s plea against CCI order on Thursday
New Delhi, Jan 12 (PTI) The National Company Law Appellate Tribunal (NCLAT) will on Thursday hear a petition filed by e-commerce major Amazon challenging a recent order of fair trade regulator CCI that suspended an over two-year-old approval for its deal with Future Coupons. Amazon’s petition is scheduled to be heard by a two-member bench [...]
CVC calls for safe custody of documents to prevent inquiry delay
New Delhi, Jan 12 (PTI) The Central Vigilance Commission (CVC) has asked government authorities to ensure safe custody of documents required during graft proceedings to prevent delay in timely completion of corruption cases. The anti-corruption watchdog said this in an order issued to secretaries of all central government departments, chief executives of public sector banks, [...]
TCS Q3 net profit rises 12.2 pc to Rs 9,769 cr; board approves Rs 18,000-cr share buyback programme
New Delhi, Jan 12 (PTI) Tata Consultancy Services (TCS) on Wednesday reported a 12.2 per cent rise in its consolidated net profit to Rs 9,769 crore for the December 2021 quarter, and announced an Rs 18,000-crore buyback offer for its shareholders at Rs 4,500 per scrip. The country's largest software services firm had logged a [...]
CVC calls for safe custody of documents to prevent inquiry delay
New Delhi, Jan 12 (PTI) The Central Vigilance Commission (CVC) has asked government authorities to ensure safe custody of documents required during graft proceedings to prevent delay in timely completion of corruption cases. The order was issued to secretaries of all central government departments, chief executives of public sector banks, and insurance companies. “It has [...]
Sebi grants recognition to CDSL Ventures as accreditation agency
New Delhi, Jan 12 (PTI) Markets regulator Sebi on Wednesday said it has granted recognition to CDSL Ventures as an accreditation agency. With the recognition, CDSL Ventures will be able to issue accreditation certificates to "accredited investors".CDSL Ventures is a wholly-owned subsidiary of depository CDSL. The recognition to CDSL Ventures has been granted [...]
Infosys working very closely with I-T Dept on tax portal: Salil Parekh
New Delhi, Jan 12 (PTI) Infosys CEO Salil Parekh on Wednesday said the company is working closely with the Income Tax Department on the next set of areas related to the I-T portal as new modules will be added to it.Infosys, in 2019, was given the contract to develop the new portal. It was launched [...]
Telcos’ debt liability will remain post conversion of interest dues into equity: Telecom Minister
New Delhi, Jan 12 (PTI) The present and future debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into equity stake for the government, Telecom Minister Ashwini Vaishnaw said on Wednesday. Debt-ridden Vodafone Idea (VIL), Tata Teleservices and Tata Teleservices Maharashtra have proposed to convert interest liabilities [...]
ED attaches funds of NBFC in Chinese-funded instant loan apps probe case
New Delhi, Jan 12 (PTI) The Enforcement Directorate (ED) attached funds of over Rs 72 crore of a non-banking financial company (NBFC) in connection with a money laundering investigation against mobile phone app-based loan dishing companies which were "flush with investments" from China and Hong Kong, the agency said on Wednesday. It said a provisional [...]
Third wave might shave 10 pc off mall revenue this fiscal: Report
Mumbai, Jan 12 (PTI) Renewed mobility restrictions arising from localised lockdowns to contain the Omicron variant-led third wave of the pandemic might pare as much 10 per cent off the rental revenue of mall owners during the current financial year as compared with the earlier expectations, according to a report. However, the credit profiles of [...]
Govt will be only an investor in telcos post conversion of liabilities into equity: Ashwini Vaishnaw
New Delhi, Jan 12 (PTI) Union telecom minister Ashwini Vaishnaw on Wednesday said the present and future debt liabilities will continue to remain with the telecom companies that have proposed to convert their interest liabilities payment into equity. Debt-ridden Vodafone Idea Ltd (VIL), Tata Teleservices Ltd (TTSL) and Tata Teleservices (Maharashtra) Ltd (TTML) have proposed [...]
Rooter raises $25 mn from Lightbox, March Gaming, others
New Delhi, Jan 12 (PTI) Game streaming and e-sports platform Rooter on Wednesday said it has raised USD 25 million (about Rs 185 crore) in funding led by Lightbox, March Gaming and Duane Park Ventures.9Unicorns, ADvantage, Capital-A, and Goal Ventures also participated in the series A funding round along with existing investors, including IeAD Sports [...]
NEWSALERT
Govt will be only an investor; professionals will run telcos post conversion of interest liabilities into equity: Vaishnaw to PTI. PTI PRS RAM
Ficci suggests support measures for housing sector in Budget
New Delhi, Jan 12 (PTI) Industry chamber Ficci on Wednesday suggested the government to provide an interest subsidy of 3-4 per cent on housing loans and extend the concessional tax rate of 15 per cent to companies that invest in green technologies, in the forthcoming Budget. Housing and construction sectors have forward and backward linkages [...]
NEWSALERT
Debt liabilities will continue to remain with telcos after conversion of interest liabilities into equity: Telecom Minister Ashwini Vaishnaw. PTI PRS RAM
Writ petition not maintainable against proceedings by banks, ARCs under SARFAESI Act: SC
New Delhi, Jan 12 (PTI) The Supreme Court Wednesday said borrowers, aggrieved by proceedings initiated under the SARFAESI ACT by the bank or the assets reconstruction company (ARC), have to avail the remedy under this law and no writ petition would be maintainable.The apex court held this while vacating the order passed by the Karnataka [...]
Realty firm Kolte-Patil Q3 sales bookings jump 77% to Rs 561 cr
New Delhi, Jan 12 (PTI) Pune-based Kolte-Patil Developers Ltd on Wednesday reported a 77 per cent jump in its sales bookings to Rs 561 crore for the quarter ended December. Its sales bookings stood at Rs 317 crore in the year-ago period. In a statement, the company said its sales bookings rose 83 per cent [...]
BGE-BULLION-CLOSE
Bengaluru, Jan 12 (PTI) Closing bullion rates on Wednesday Standard gold (99.5 purity) Rs 49,400 per 10 gram Ornament gold Rs 4,608 per gram Silverspot (.999 fineness) Rs 62,600 per kg. PTI DVR BN BN
Wipro expects to hire about 30,000 freshers in FY23
New Delhi, Jan 12 (PTI) Wipro on Wednesday said it expects to hire about 30,000 freshers in FY23, as the IT services major strives to ensure that supply is not a constraint in managing the robust demand environment.Amid the fast-spreading Omicron variant of the COVID virus, the company remains "very vigilant", CEO and Managing Director [...]
Tata Consultancy Services announces buyback at Rs 4,500/share, a premium of 17%
New Delhi, Jan 12 (PTI) The board of directors of Tata Consultancy Services (TCS) on Wednesday approved an up to Rs 18,000 crore share buyback at Rs 4,500 per scrip. The offer price of Rs 4,500 per share is about 16.6 per cent higher than Wednesday's closing level of Rs 3,857.25 on the BSE. "...the [...]
M2P Fintech makes key appointments
Chennai, Jan 12 (PTI) M2P Fintech, largest API infrastructure company, on Wednesday announced the appointment of Sanjoy Bose as President - Global Market Expansion and Abhishek Arun as President-Platform Strategy and Commercialisation. The appointments come in the backdrop of the company's growing 500 team members, up from 75 during the last couple of years, a [...]
JSCL inked pact for installation of static ad panels at 110 locations in Jammu
Jammu, Jan 12 (PTI) Jammu Smarty City Ltd (JSCL) on Wednesday signed a pact for the installation of Static Advertisement Panels at 110 different locations here to improve the public information system along with enhancing the aesthetic value of the city, officials said. The agreement was signed and exchanged between JSCL Chief Executive officer (CEO) [...]
Retail inflation rises to six-month high of 5.59% in Dec on costlier kitchen staples
New Delhi, Jan 12 (PTI) Rising prices of essential kitchen items pushed the retail inflation to a six-month high of 5.59 per cent in December, close to the Reserve Bank's upper tolerance limit of 6 per cent. The Consumer Price Index (CPI) based retail inflation was 4.91 per cent in November 2021 and 4.59 per [...]
UBS slashes FY22 GDP forecast by 40 bps to 9.1 pc; ups projection for FY23 to 8.2 pc
Mumbai, Jan 12 (PTI) Citing the massive surge in Omicron infections and the resultant impact on overall economic activities in the March quarter, Swiss brokerage UBS Securities has revised downwards its India's growth forecast for the current financial year to 9.1 per cent from 9.5 per cent earlier. However, UBS Securities does not see the [...]
Markets rally: Mcap of BSE-listed firms touch record high of over Rs 277.22 lakh cr
New Delhi, Jan 12 (PTI) The market capitalisation of BSE-listed companies reached another fresh record on Wednesday, rallying to a lifetime high of over Rs 277.22 lakh crore.Investors' wealth also soared by Rs 6,08,024.55 crore in four days.The BSE benchmark extended its winning momentum for the fourth straight session on Wednesday and jumped 533.15 points [...]
Textiles, apparel exports rise to USD 29.8 bn during Apr-Dec
New Delhi, Jan 12 (PTI) The country's exports of textiles and apparel, including handicrafts, rose to USD 29.8 billion during April-December this fiscal as compared to USD 21.2 billion in the same period last year, an official statement said on Wednesday. "Textile sector has continuously maintained a trade surplus with exports manifold higher than imports. [...]
Study shows booster dose of Covaxin has neutralising effect on Omicron, Delta variants: Bharat Biotech
New Delhi, Jan 12 (PTI) Bharat Biotech on Wednesday said a study has demonstrated that a booster dose of Covaxin has a neutralising effect on the Omicron and Delta variants of COVID-19. The study conducted at Emory University demonstrated that subjects who received a booster dose of Covaxin (BBV152) six months after getting a primary [...]
Portal to facilitate business between Bangladesh, NE India launched
Guwahati, Jan 12 (PTI) A trade portal to facilitate business between Bangladeshi and Indian traders, especially of the North East region, was launched on Wednesday here.The trade portal, which contains a database of exporters and importers of North East India and Bangladesh, would enable B2B collaboration between buyers and sellers of both countries and also [...]
Curefoods raises $62 million from Chiratae Ventures, others
New Delhi, Jan 12 (PTI) Curefoods, a delivery-only restaurant chain operator, on Wednesday said it has raised USD 62 million (nearly Rs 460 crore) from investors, including Iron Pillar, Chiratae Ventures and Flipkart co-founder Binny Bansal.Sixteenth Street Capital and Accel Partners also participated in the funding round, in which USD 52 million were raised as [...]
NEWSALERT
TCS board approves Rs 18,000-crore share buyback programme at Rs 4,500 apiece: filing. PTI SR MBI HRS hrs
Study shows booster dose of Covaxin has neutralising effect on Omicron, Delta variants: Bharat Biotech
New Delhi, Jan 12 (PTI) Bharat Biotech on Wednesday said a study has demonstrated that booster dose of Covaxin has neutralising effect on the Omicron and Delta variants of COVID-19. A study conducted at Emory University demonstrated that subjects who received a booster dose of Covaxin (BBV152) six months after getting a primary two-dose series [...]
VIL, Tata Teleservices, TTML will not become PSUs: Govt
New Delhi, Jan 12 (PTI) Telecom operators Vodafone Idea Ltd (VIL), Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd (TTML) will not become public sector undertakings after their interest payable on dues are converted into government equity, the communications ministry said on Wednesday.The three debt-ridden companies have proposed to convert their interest liability payable to [...]
Hon’ble Union State Minister of Textiles, Smt. Darshana Jardosh inaugurated ColorJet’s Make in India Textile Printing machines during SITEX Expo 2022 in Surat
SURAT, India, Jan. 12, 2022 /PRNewswire/ -- ColorJet, India's largest manufacturer of Digital Textile Printers, participated in the Surat International Textile Expo 2022 (SITEX), organized by SGCCI (The Southern Gujarat Chamber of Commerce & Industry). Smt. Darshana Jardosh, Hon'ble Union State Minister of Textiles & Railways inaugurated the esteemed Textile Expo – SITEX 2022 and [...]
FHRAI seeks PM Modi’s help for special relief package
New Delhi, Jan 12 (PTI) Hospitality industry body FHRAI on Wednesday sought support from Prime Minister Narendra Modi for a special relief package for the tourism and hospitality sector to enable its survival, terming it as the most distressed sector due to COVID-19.Highlighting that the hospitality industry has reported losses of a whopping sum of [...]
On SportsAdda’s All-new Show Kabaddi Adda, Veteran Defender Rohit Rana Offers Key Advice to bring back India’s Dominance
Mumbai, Maharashtra, India (NewsVoir) On the all-new show Kabaddi Adda, Rohit Rana discusses the genius behind Rohit Chaudhari and Pardeep Narwal in the ongoing Pro Kabaddi League. Rohit Rana is an Indian Kabaddi player who plays as the left corner defender. He has played for Jaipur Pink Panthers and U Mumba in the Pro Kabaddi [...]
Merck Foundation Announces 63 Winners of Merck Foundation Africa Media Recognition Awards 2021 in Partnership With African First Ladies
Mumbai, Maharashtra, India & Dodoma, Tanzania – Business Wire India Merck Foundation, the philanthropic arm of Merck KGaA Germany in partnership with African First Ladies announced the winners of Merck Foundation Africa Media Recognition Awards “More Than a Mother” 2021. The awards were announced by Senator Dr. Rasha Kelej, CEO of Merck Foundation and President [...]
Govt puts brakes on CEL privatisation after employees union approaches court
New Delhi, Jan 12 (PTI) The government has put on hold the privatisation of Central Electronics Ltd (CEL) after the employees union approached the court against the sale of the company to a little-known firm, a top official said Wednesday.Allegations of under-valuation in the Rs 210 crore highest bid made by the city-based Nandal Finance [...]
Enamor, A Brand Owned by Modenik Lifestyle, Recognized as One of India’s Best Brands of 2021
Bangalore, Karnataka, India (NewsVoir) Enamor, a leading premium lingerie brand, has been recognized as one of the Best Brands of India for 2021 by The Economic Times, acknowledging the strength of the brand's reputation and the powerful endorsement it receives from consumers. The Economic Times Best Brands Series, now in its fourth edition, recognises brands [...]
CarTrade Tech plans to launch over 200 abSure retail outlets across India in 2 years
Mumbai, Jan 12 (PTI) Automotive platform CarTrade Tech said on Wednesday it plans to launch over 200 abSure (Absolute Sure) retail outlets, a one-stop tailor-made retail facility, pan-India in the next two years. The platform had in September last year rolled out the offline/ online service and since then, it has already set up 22 [...]
Max Life Insurance Achieves Claims Paid Ratio of 99.35%
New Delhi, Delhi, India (NewsVoir) • Paid 19,922 death claims worth INR 885.57 crores during the Financial Year 2020-211 Max Life Insurance Co. Ltd (“Max Life”/“Company”), today announced that it has paid 19,922 death claims worth INR 885.57 crore during the Financial Year 2020-21, resulting in an individual death claims paid ratio of 99.35% for [...]
Sebi to auction Kerala Housing Finance properties next month
New Delhi, Jan 12 (PTI) Markets regulator Sebi will auction properties of Kerala Housing Finance at a reserve price of Rs 1.3 crore on February 4 to recover dues. The properties to be put on sale include land parcels and flats situated in Kerala, along with an Ashok Leyland AC Semi Deluxe [...]
Merc aims for double-digit sales growth in 2022; plans to roll out 10 products this year
New Delhi, Jan 12 (PTI) Mercedes-Benz India on Wednesday said it expects to log in double-digit sales growth this year as compared with 2021 as it plans to roll out 10 new products in the market during the period. The luxury carmaker retailed 11,242 units in 2021, a growth of 42.5 per cent over 7,893 [...]
High NPAs, joblessness, inflation a worry in rural areas; biz confidence index at 63.9%: Report
Mumbai, Jan 12 (PTI) Delinquency rates on rural loans have deteriorated in the two years to June 2021, with the microfinance books showing the maximum stress despite a reduction in loans outstanding, a credit information company said on Wednesday. The inaugural Rural Business Confidence Index (RBCI) prepared by Crif High Mark in association with industry [...]
Retail inflation rises to 5.59% in Dec: Govt data
New Delhi, Jan 12 (PTI) Retail inflation rose to 5.59 per cent in December, mainly due to an uptick in food prices, government data showed on Monday. The Consumer Price Index (CPI) based retail inflation was 4.91 per cent in November 2021 and 4.59 per cent in December 2020. As per the data released by [...]
Companies plan to increase CSR funding towards skilling, education in 2022: Survey
New Delhi, Jan 12 (PTI) A significant percentage of companies in India plan to increase their corporate social responsibility funding towards skilling and education in 2022, says a TeamLease EdTech survey. According to the survey, that covered over 100 companies across the country, nearly 70 per cent expressed an intention to increase their CSR (Corporate [...]
Amusement parks in Maha want to operate at 50 pc capacity
Mumbai, Jan 12 (PTI) The Maharashtra government's orders for another complete lockdown in view of the third wave will be a "fatal blow" to the recently-opened amusement parks, and such outdoor entertainment zones should also be allowed to operate at 50 per cent capacity, an industry lobby said on Wednesday. The Indian Association of Amusement [...]
NEWSALERT
Retail inflation rises to 5.59 pc in December, compared to 4.91 pc in November: Govt data. PTI KPM NKD ABM ABM
Pearl Precision Launches High Quality Bathroom Accessories and Faucet Collection First Time in India
A renowned brand ‘Pearl Precision’ manufactures top-of-the-line cisterns, seat covers, cabinets, P.T.M.T. Taps, connection pipes, kitchen sinks and bathroom accessories New Delhi, Delhi, India (NewsVoir) ‘Pearl Precision,’ a leading brand in Sanitary Ware and Bathroom Accessories has launched state-of-the-art bathroom accessories comprising CP Faucets family collection range, Health Faucets and Flushing Systems apart from Cisterns, [...]
SeQuent Scientific increases stake in Brazil’s Evance Group to 100 pc
New Delhi, Jan 12 (PTI) Animal health firm SeQuent Scientific on Wednesday said it has increased its stake in Brazil-based Evance Group to 100 per cent. The company, through its principal operating company Alivira Animal Health, has completed the consolidation of its Brazilian operations by increasing its shareholding in Evance Group by 30 per cent [...]
Infosys Q3 net profit up 11.8% at Rs 5,809 cr; ups FY22 revenue growth outlook to 19.5-20%
New Delhi, Jan 12 (PTI) India's second-largest software services firm Infosys on Wednesday reported an 11.8 per cent rise in consolidated net profit to Rs 5,809 crore for December 2021 quarter. The IT firm also increased its revenue growth guidance for FY22 to 19.5-20 per cent. The Bengaluru-based company had registered a net profit (after [...]
Rupee ends almost flat at 73.93 against USD
Mumbai, Jan 12 (PTI) The rupee inched higher by just 1 paisa to close at 73.93 against the US dollar on Wednesday as elevated crude oil prices offset the impact of a weak American currency and positive domestic equities. Forex traders said the less hawkish-than-expected testimony from Federal Reserve Chairman Jerome Powell calmed fears of [...]
Vodafone Idea shares bounce back; rally nearly 9%
New Delhi, Jan 12 (PTI) Shares of Vodafone Idea rallied nearly 9 per cent on Wednesday after facing severe drubbing in the previous trade. The stock jumped 8.47 per cent to settle at Rs 12.80 on BSE. During the day, it gained 12.71 per cent to Rs 13.30. On NSE, it rallied 8.89 per cent [...]
BULLION CLOSING
MUMBAI, JAN 12 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 60983.00 60831.00 STANDARD GOLD (99.5) : 47797.00 47751.00 PURE GOLD (99.9) : 47989.00 47943.00 -------------------------- PTI MUM SVC SVC SVC
Foxconn resumes operations at TN plant
Chennai, Jan 12 (PTI): After a brief hiatus, iPhone supplier Foxconn on Wednesday reopened its manufacturing facility near here as the company decided to resume operations, government sources said. The factory, located on the city outskirts of was opened after remaining shut for over three weeks following workers' protests on the back of a mass-food [...]
Ashok Leyland partners with Aidrivers to develop AI-enabled autonomous vehicles
Mumbai, Jan 12 (PTI) Commercial vehicle maker and Hinduja Group flagship firm Ashok Leyland has partnered with Aidrivers for the development of artificial intelligence-enabled autonomous vehicles. Aidrivers founder Rafiq Swash said the company provides autonomous mobility solutions for industrial mobility automation which optimise clients' business operations and enable the delivery of quality services. The two [...]
Business briefs
*Freadom raises USD 2.5 mn from Capital A, Tiger Shroff Mumbai, Jan 12 (PTI) English learning platform Freadom on Wednesday said it has raised USD 2.5 million (about Rs 18.4 crore) in a funding round led by Capital A and other marquee investors, including Bollywood actor Tiger Shroff.The funding round also saw participation from BharatPe [...]
Link curbs to hospitalisation rate: India Inc to govt
New Delhi, Jan 12 (PTI) As local authorities impose restrictions in view of Omicron, industry bodies have asked the government to link restrictions to hospitalisation and not the overall case count. India Inc is worried about the impact the restrictions, ranging from asking employees of private offices to work from home to shutting down cinema [...]
Govt puts brakes on CEL privatisation after employees union approaches court
New Delhi, Jan 12 (PTI) The government has put on hold the privatisation of Central Electronics Ltd (CEL) after the employees union approached the court against the sale of the company to a little-known firm, a top official said Wednesday.Allegations of under-valuation in the Rs 210 crore highest bid made by the city-based Nandal Finance [...]
Fast growing credit demand in Q3 indicates revival of pvt capex cycle: Report
Mumbai, Jan 12 (PTI) Credit growth, which has been lagging deposits for years, has turned buoyant in the third quarter of this fiscal by a wide margin at Rs 3.5 lakh crore as against a steep Rs 2.2 lakh crore decline in deposits, indicating that corporates' plans of capacity expansion across sectors, a report said. [...]
Sensex rallies for 4th day, climbs over 500 pts to reclaim 61K-level on earnings optimism
Mumbai, Jan 12 (PTI) The BSE gauge Sensex surged over 500 points to recapture the key 61,000-level on Wednesday as participants pinned hopes on robust quarterly results by companies. Extending its winning run for the fourth straight session, the 30-share Sensex settled 533.15 points or 0.88 per cent higher at 61,150.04. Intra-day, the index touched [...]
Petcoke import rises 73% in Dec’21
Kolkata, Jan 12 (PTI) Import of petroleum coke (petcoke), a byproduct of oil refining process, stood at 9.87 lakh tonnes in December 2021, up by 73 per cent over the corresponding month of the previous year as it is becoming price competitive to coal, according to a report. The import of petcoke in December was [...]
General govt fiscal deficit estimated at 10.4% in FY2022: Report
Mumbai, Jan 12 (PTI) Rating agency ICRA on Wednesday said it expects a miss in the disinvestment target to cause the government's fiscal deficit to print at Rs 16.6 lakh crore or 7.1 per cent of the GDP in FY2022, overshooting the budgeted target. With the state governments' fiscal deficit projected at a relatively modest [...]
NEWSALERT
Letter of Intent for sale of govt stake in Central Electronics Ltd to Nandal Finance & Leasing not yet issued: DIPAM Secretary told PTI. PTI JD ANZ BAL BAL
DLF shares jump 2 pc
New Delhi, Jan 12 (PTI) Shares of realty major DLF Ltd on Wednesday jumped 2 per cent after the company sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital. The stock gained 2.02 per cent to settle at Rs 417.50 on BSE. During the day, [...]
LetsVenture announces partnership with MeitY Startup Hub
New Delhi, Jan 12 (PTI) Early-stage investment platform LetsVenture on Wednesday said it has partnered with MeitY Startup Hub, established as an initiative of the Ministry of Electronics and Information Technology (MeitY). The partnership comes at the backdrop of MeitY Startup Hub's mission to build a conducive innovation and start-up ecosystem and pave the way [...]
Wellness Diagnostics Automates its Central Lab with Mindray’s SAL 9000 Modular System
Introduction of the new laboratory automation system by Mindray India helps Wellness Diagnostics reduce turn-around time and improve productivity by 50% New Delhi, Delhi, India (NewsVoir) Wellness Diagnostics Pvt. Ltd., a premier diagnostics lab with rich experience in testing services across North India has automated its central laboratory with Mindray Medical India Pvt. Ltd.’s Serum [...]
COMMODITY PRICES
MUMBAI, JAN 12 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 735.00 COPPER HEAVY SCRAPS 723.00 COPPER ARMATURE (CREDIT) 703.00 COPPER UTENSILS SCRAP 635.00 CC ROD 780.00 BRASS :- BRASS SHEET CUTTING 537.00 BRASS UTENSIL SCRAP 483.00 BRASS HONEY 478.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 185.00 ALUMINIUM EXTRUSION SCRAP 208.00 ALUMINIUM INGOTS [...]
NEWSALERT
Infosys raises FY22 revenue growth outlook to 19.5-20 per cent from previous guidance of 16.5-17.5 per cent: Filing. PTI SR MBI BAL BAL
OILSEED PRICES
OILS (per 10 Kgs) G.Nut Raw 1340.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1180.00 Sunflower Exp.Ref. 1240.00 Cottonseed(Refined) 1230.00 Refined Palm Oil 1165.00 Soyabean Ref. 1205.00 Imp.Soyabean Crude - Rapeseed Ref. 1610.00 Rapeseed Exp. 1580.00 Copra white 1610.00 Rice Bran 4-7% FFA - Rice Bran 1110.00 Linseed 1900.00 Castor Comm. 1245.00 F.S.G. 1255.00 [...]
Novelis to invest $365 mln to build advanced recycling centre in North America
New Delhi, Jan 12 (PTI) Novelis Inc, the overseas subsidiary of Hindalco, will invest USD 365 million to build a highly-advanced recycling centre for automotive sector in North America. With an annual casting capacity of 2,40,000 tonnes of sheet ingot, the company expects the facility to reduce its carbon emissions by more than one million tonnes each year. The new recycling facility will [...]
Quiklyz to offer range of EVs for leasing, subscription to customers
Mumbai, Jan 13 (PTI) Quiklyz, the vehicle leasing and subscription arm of Mahindra Finance, has said it will offer the widest range of electric vehicles (EVs) for leasing and subscription to potential customers. Launched in November last year, Quiklyz digital platform provides a subscription programme for both retail and corporate customers. It also allows customers [...]
Gold rallies Rs 228; silver gains Rs 271
New Delhi, Jan 12 (PTI) Gold in the national capital on Wednesday jumped Rs 228 to Rs 46,812 per 10 grams, reflecting overnight gains in international precious metal prices, according to HDFC Securities.In the previous trade, the precious metal settled at Rs 46,584 per 10 grams."Spot gold prices for 24 carat in Delhi rose by [...]
Rupee ends almost flat at 73.93 against US dollar
Mumbai, Jan 12 (PTI) The rupee inched higher by just 1 paisa to close at 73.93 (provisional) against the US dollar on Wednesday as elevated crude oil prices offset the impact of weak American currency and positive domestic equities.Forex traders said the less hawkish-than-expected statement from Federal Reserve Chairman Jerome Powell calmed fears of aggressive [...]
Sensex climbs over 500 pts to reclaim 61K-level on earnings optimism
Mumbai, Jan 12 (PTI) The BSE gauge Sensex surged over 500 points to recapture the key 61,000-level on Wednesday as participants pinned hopes on robust quarterly results by companies. Extending its winning run for the fourth straight session, the 30-share Sensex settled 533.15 points or 0.88 per cent higher at 61,150.04. Intra-day, the index touched [...]
NEWSALERT
Wipro expects revenue from IT services to be in range of USD 2,692 mn to USD 2,745 mn for March quarter, a sequential growth of 2-4 pc. PTI SR MBI HRS hrs
Govt doesn’t want to run Co; existing promoters fully committed to managing operations: VIL CEO
The government does not desire to take over the operations of Vodafone Idea after it gets a 35.8% stake for converting debt to equity.The existing promoters are fully committed to managing and running the company’s operations.“They want three private players in the market, they do not want duopoly or monopoly,” VIL CEO said. Ravinder Takkar, [...]
US steel tube firm Bull Moose rebrands as Lord Swraj Paul Company
London, Jan 12 (PTI) US-based manufacturing firm Bull Moose Tube on Wednesday announced a rebrand to become known as Bull Moose Tube, a Rt. Hon. Lord Swraj Paul Company – in honour of its UK-based NRI industrialist owner.Based in Chesterfield, Missouri, the company is part of Lord Paul’s Caparo Group and said the renaming is [...]
World Bank retains India’s economic growth forecast at 8.3% for 2021-22
New Delhi, Jan 12 (PTI) The World Bank has retained India's economic growth forecast for the current fiscal at 8.3 per cent as the recovery is yet to become broad-based. As per the first advanced estimates of the national income released by the National Statistical Office (NSO) last week, the economy is projected to grow [...]
Oil at USD 84 again: Petrol, diesel price on hold for 68th day in a row
New Delhi, Jan 12 (PTI) Petrol and diesel prices have remained unchanged for 68 days in a row despite a USD 16 swing in international oil prices and global rates again climbing to USD 84 per barrel, oil company data showed. Petrol and diesel were last changed on November 4, 2021, when the central government [...]
BGE-COMML-COMMODITIES
(All rates in Rs/quintal): Rice Fine 4400-5000: Medium 4500-4800: Jowar 2200-2800: Jaggery cube 4200-4600: Jaggery ball 4600-4700: Coriander Seed 9500-14500: Chilies fine 40000-44000: Potato Big 3000-3500: Medium 2000-2500: Onion Big 1800-2400: Medium 1200-1800: Small 500-1200: Tamarind 9000-11000: Garlic 5000-6000: Horsegram 4400-4700: Wheat 2500-3500 Turmeric 9500-15000: Turdhal 8500-10000: Green Gram Dhal 8600-9200: Black gram dal 8600-13000: [...]
BGE-COMML-VEGETABLES
Bengaluru, Jan 12 (PTI) Following are today's Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-5000, Brinjal 400-3500, Tomato 200-8000, Bitter Gourd 2000-5000, Bottle Gourd 700-2500, Ash Gourd 1000-2000, Green Chilly 350-8500, Banana green 1000-3000, Beans 120-6500, Green Ginger 750-5000, Carrot 2000-8000, Cabbage 1100-6000, Ladies Finger 250-6000, Snake Guard 800-2500, [...]
Nickel futures rise on firm spot demand
New Delhi, Jan 12 (PTI) Nickel prices on Wednesday rose 1.45 per cent to Rs 1,624.70 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 January delivery gained Rs 23.30, or 1.45 per [...]
Copper futures rise on high spot demand
New Delhi, Jan 12 (PTI) Copper prices on Wednesday rose 1.7 per cent to Rs 752.80 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 12.55, or 1.7 per cent, to Rs 752.80 [...]
Zinc futures edge higher on robust demand
New Delhi, Jan 12 (PTI) Zinc prices on Wednesday rose Rs 2.05 to Rs 291.50 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 2.05, or 0.71 per cent, to Rs 291.50 per kg with a business turnover [...]
Crude oil futures gain on higher demand
New Delhi, Jan 12 (PTI) Crude oil prices on Wednesday rose Rs 50 to Rs 6,054 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 50, or 0.83 per cent, to Rs 6,054 per barrel in 11,423 [...]
Silver futures drop on subdued demand
New Delhi, Jan 12 (PTI) Silver futures on Wednesday eased by Rs 4 to Rs 61,099 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for the March delivery declined Rs 4, or 0.01 per cent, to Rs 61,099 per kg in a business turnover of 15,196 [...]
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