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Stock in Focus: Blackrock buys stake in India’s 2nd largest solar cell manufacturing firm
Listed below is India’s 2nd largest integrated solar cell and module manufacturer which aims to be the largest solar player with current capex plans, the company adds to more than 95 percent of solar cell exports to the USA and Blackrock has made investments in it. About the Company Premier Energies Limited is an integrated [...]
Stocks under ₹ 250 with high dividend yield to keep it in your radar
Dividend yield is a financial ratio that shows the annual dividend income as a percentage of a stock's current price. It helps investors assess potential income from dividends. For example, if a stock priced at $100 pays a $5 annual dividend, its dividend yield is 5%. Here are the stocks under 250 with high dividend [...]
Stocks under ₹ 300 with price to book value of less than 1
Price to Book Value (P/B ratio) is a financial metric that compares a company's market value to its book value, indicating how much investors are willing to pay for each dollar of net assets. A lower P/B ratio may signal undervaluation, while a higher ratio suggests potential overvaluation relative to the company's assets. Here are [...]
Pharma stocks that delivered 100% returns after demand for their drugs increased in US market
The Indian pharmaceutical industry is expected to expand at a compound annual growth rate (CAGR) of over 10 percent, reaching $130 billion by 2030 and potentially soaring to $450 billion by 2047. Indian pharmaceutical stocks, holding over 47 percent of the U.S. market share, are seeing significant growth and sustained demand from the U.S. markets. [...]
Chemical stocks with capex plans of up to ₹ 14,000 Cr to keep an eye on
The Indian chemical industry is on a robust growth trajectory, projected to reach $304 billion by 2025. This expansion is driven by rising domestic demand and export potential, with major companies increasing capacity to meet growing needs across various sectors. Here is a list of three such chemical companies with high-capacity expansion plans: Deepak Nitrite [...]
Large cap stocks with low PE and high piotroski score of 9
The Piotroski score, ranging from zero to nine, assesses a company's financial strength, with nine indicating the strongest position. The price-to-earnings (P/E) ratio measures a stock's share price relative to its earnings. A high P/E may suggest overvaluation and a low P/E indicates better value, as investors pay less for each rupee of earnings. Here [...]
Stocks to Watch: Vedanta and 4 other stocks that will trade ex-dividend next week
Dividends represent a portion of a company's profits distributed to its shareholders as a reward for their investment. These regular payments provide investors with a steady income stream and signal a company's financial health and stability. Understanding dividend policies and trends is crucial for investors seeking income and long-term wealth accumulation. Here are the five [...]
Hidden Gem: Railway stock in which Ashish Kacholia and Mukul Agrawal’s wife bought stake
With a market capitalization of Rs. 1,284 crores, the shares of a leading manufacturer and supplier of electrical and electronic products for the Indian Railways started Friday’s trading session at Rs 1,946.90 apiece. Financials: Looking at Concord Control Systems Ltd’s financial statements, the revenue increased by around 17 percent from Rs. 30 crores in H1FY24 [...]
Stocks to benefit from the China Plus one strategy to look out for
The China Plus One strategy has emerged as a pivotal approach for multinational corporations (MNCs) looking to diversify their supply chains beyond China. This strategy aims to mitigate risks associated with over-reliance on a single country for manufacturing and sourcing. As global companies reassess their supply chain strategies, India stands out as a prime candidate [...]
Smart meter stocks with low debt to keep on your radar
The capital used in the business that is contributed by creditors, shareholders, or owners is measured by the debt-to-equity ratio. The debt-equity ratio, to put it simply, is a ratio of the total amount of long-term debt and equity capital in the company. Here are three smart meter stocks with a Debt to Equity ratio [...]
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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
Gold futures gain on spot demand
New Delhi, Jan 12 (PTI) Gold prices on Wednesday rose Rs 43 to Rs 47,732 per 10 grams in the futures trade as speculators created fresh positions amid a firm spot demand. On the Multi Commodity Exchange, gold contracts for the February delivery traded higher by Rs 43, or 0.09 per cent, to Rs 47,732 [...]
Mensa acquires majority stake in aromatherapy and natural personal care brand Florona
New Delhi, Jan 12 (PTI) Mensa Brands has acquired majority stake in aromatherapy and natural personal care brand Florona for an undisclosed amount. Florona is a bestselling brand in the US and Canada and offers more than 70 types of natural oils, including essential oils for diffusers as well as cold-pressed carrier oils, a joint [...]
Furniture start-up WoodenStreet to double stores in 2022, to invest Rs 50 cr
New Delhi, Jan 12 (PTI) Furniture start-up WoodenStreet on Wednesday said it will invest Rs 50 crore in 2022 and plans to double its on-ground presence from 45 to 100 stores this year by adding more stores across the country. It plans to take more than 5 lakh sqft of retail space on lease as [...]
Federal Bank gets board approval to raise up to Rs 700 cr through bonds
New Delhi, Jan 12 (PTI) Federal Bank on Wednesday said it has received approval from its board of directors to raise up to Rs 700 crore by issuing bonds on a private placement basis. The board of directors of the bank at its meeting held on Wednesday has approved the issuance of unsecured Basel-III tier-II [...]
L&T bags two ‘mega’ offshore orders
New Delhi, Jan 12 (PTI) A consortium led by LTHE, a wholly-owned arm of Larsen & Toubro, has bagged two mega offshore orders from a prestigious overseas client. The engineering and construction company, however, did not provide the exact value of the contract, but specified that as per its classification, a mega project is of [...]
Residential plot prices appreciate 7pc annually since 2015; apartments’ rate up 2 pc: Report
New Delhi, Jan 12 (PTI) Prices of residential plots across eight major cities have appreciated by an average of 7 per cent annually since 2015, while rates of apartments increased by 2 per cent, according to realty portal Housing.com."Residential land is still a better investment than buying apartments," Housing.com said in a statement.Plots generated higher [...]
SkyDrive Unveils Ultra-compact Emission-free Flying Vehicle at CES 2022
LAS VEGAS, Nevada and TOKYO, Jan. 6, 2022 /Kyodo JBN-AsiaNet/ -- At CES (R) 2022 (Jan. 5-7), SkyDrive -- a Tokyo-based aero tech startup -- unveiled its ultra-light and compact flying vehicle, Model SD-03, that had completed testing for piloted flight. It is the first time for the company to showcase its full-scale SD-03 in [...]
Max Life Insurance’s death claim settlement at 99.35 pc in 2020-21
New Delhi, Jan 12 (PTI) Max Life Insurance's death claim settlement stood at over 99 per cent in the financial year 2020-21, in which the company paid claims worth over Rs 885 crore. The company has paid 19,922 death claims worth Rs 885.57 crore during the financial year 2020-21, resulting in an individual death claims [...]
DigitalBerge Launches Affordable and Custom Digital Marketing Packages
Noida, Uttar Pradesh, India – Business Wire India Digital marketing firm, DigitalBerge launches a range of affordable packages involving SEO, social media marketing, PPC, and more, making custom options accessible to start-ups, small and mid-level businesses. New Year’s gift to businesses seeking reasonably priced digital marketing service! DigitalBerge launches a series of customizable digital marketing [...]
Auxilo initiates its CSR activity in Education, touches lives of students and teachers across the country
MUMBAI, India, Jan. 12, 2022 /PRNewswire/ -- Auxilo Finserve Pvt Ltd, India's fastest growing education ecosystem NBFC, recently launched 'Edevate- an Auxilo CSR Initiative' with an aim to carry on with its commitment to social and economic development of the underprivileged. The company will champion all its philanthropic activities under Edevate that promises to make [...]
India’s palm oil imports fall 29% in December 2021: SEA
New Delhi, Jan 12 (PTI) India's imports of palm oils declined by 29.15 per cent to 5.44 lakh tonnes in December 2021, but the rise in shipments of RBD palmolein is threatening the survival of domestic refineries, Solvent Extractors Association (SEA) said on Wednesday. India, the world's leading vegetable oil buyer, had imported 7,68,392 tonnes [...]
EaseMyTrip’s board approves issuance of bonus shares
New Delhi, Jan 12 (PTI) Online travel platform EaseMyTrip on Wednesday said its board has approved issuance of bonus shares with a view to allow its shareholders increase their equity and gain greater exposure to its future growth. The board of directors of the company at its meeting held on January 12, 2022, have approved [...]
KOLKATA BULLION CLOSING
Kolkata,Jan.12(PTI): SILVER RDY.(BAR) : Rs.61,100.00(61,000.00) Per Kg.SILVER RDY.(PORTION) : Rs.61,200.00(61,100.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,550.00(48,300.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,050.00(45,800.00) Per 10 Gms.HALLMARKED GOLD(22-CARAT) RDY. : Rs.46,750.00(46,500.00) Per 10 Gms. ---- PTI SAM
Aditya Birla Fashion and Retail collaborates with Germany’s GIZ to boost circular business practices
New Delhi, Jan 12 (PTI) Aditya Birla Fashion and Retail Limited (ABFRL) on Wednesday announced collaboration with Germany's GIZ, a move aimed at strengthening circular business practices for the Indian market. The joint project will focus on material innovation, reducing inputs of harmful substances, increasing textile-to-textile recycling, developing alternatives to plastic packaging, and fostering traceability, [...]
Soybean futures slip on muted demand
New Delhi, Jan 12 (PTI) Soybean prices on Wednesday fell by Rs 14 to Rs 6,412 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery declined by Rs 14, or 0.22 per cent, to Rs 6,412 per [...]
Refined soya oil futures fall on low demand
New Delhi, Jan 12 (PTI) Refined soya oil prices on Wednesday fell 50 paise to Rs 1,195 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.On the National Commodity and Derivatives Exchange, refined soya oil for delivery in January declined by 50 paise, or 0.04 per cent, to [...]
Guar seed futures rise on fresh bets
New Delhi, Jan 12 (PTI) Guar seed prices on Wednesday rose by Rs 45 to Rs 6,405 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.On the National Commodity and Derivatives Exchange, guar seed for January contracts increased by Rs 45, or 0.71 per cent, [...]
Guar gum futures gain on spot demand
New Delhi, Jan 12 (PTI) Guar gum prices on Wednesday gained Rs 166 to Rs 11,670 per five quintal in futures trade as speculators increased their holdings on spot demand.On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher by Rs 166, or 1.44 per cent, to Rs 11,670 per [...]
Simple Energy to start deliveries of its maiden e-scooter ‘Simple One’ from June
Mumbai, Jan 12 (PTI) Bengaluru-based electric two-wheeler maker Simple Energy on Wednesday said it will start deliveries of its maiden e-scooter 'Simple One' from June, after more than nine months of its launch in the market. The company said it has already received over 30,000 bookings till date. The company had launched 'Simple One' e-scooter [...]
KTM launches 2022 edition of 250 Adventure bike
New Delhi, Jan 12 (PTI) Premium motorcycle maker KTM on Wednesday launched the 2022 edition of KTM 250 Adventure bike priced at Rs 2.35 lakh (ex-showroom Delhi).Bookings for the new 2022 KTM 250 Adventure has commenced at its showrooms across the country, the company said in a statement.The bike is powered by a 248cc four-valve [...]
Coriander futures rise on spot demand
New Delhi, Jan 12 (PTI) Coriander prices on Wednesday rose Rs 146 to Rs 9,652 per quintal in futures trade as speculators widened their holdings tracking firm trend in spot market.On the National Commodity and Derivatives Exchange, coriander for January delivery went up Rs 146, or 1.54 per cent, to Rs 9,652 per quintal with [...]
Reforms helped address investor concerns in sector; expects to continue fundraising plans: VIL CEO
New Delhi, Jan 12 (PTI) The slew of reforms announced by the government have helped assuage investor concerns in the sector, and Vodafone Idea expects to continue its fundraising plans, VIL CEO Ravinder Takkar said on Wednesday. Vodafone Idea (VIL) on Tuesday announced its decision to opt for converting about Rs 16,000 crore interest dues [...]
Honda Motorcycle launches new bike CB300R at Rs 2.77 lakh
New Delhi, Jan 12 (PTI) Honda Motorcycle & Scooter India (HMSI) on Wednesday launched its new bike CB300R priced at Rs 2.77 lakh (ex-showroom Delhi). Bookings for the bike are open from Wednesday for the new CB300R at Honda's exclusive premium BigWing and BigWing Topline dealerships across India, HMSI said in a statement. The new [...]
M2P Fintech bolsters leadership team with key appointments
Sanjoy Bose and Abhishek Arun join as Presidents CHENNAI, India, Jan. 12, 2022 /PRNewswire/ -- M2P Fintech, Asia's largest API infrastructure company announced the appointment of two seasoned fintech professionals in key leadership roles. The company welcomed Sanjoy Bose as President – Global Market Expansion and Abhishek Arun as President – Platform Strategy and Commercialisation. [...]
Leena AI introduces Covid-19 Workplace Response Suite
Designed to help organizations with a safer return to the workplace NEW DELHI, Jan. 12, 2022 /PRNewswire/ -- Leena AI, the company that's revolutionizing enterprise employee experience, today launched the Covid-19 Workplace Response Suite. The new product helps organizations track and maintain employee vaccination records, employee health statuses, and employee rostering, thereby facilitating seamless return [...]
LazyPay Forays into Card segment: launches LazyCard (Co-branded prepaid instrument) to empower India’s underserved with access to credit
• Built in partnership with SBM Bank India and Visa, LazyCard boasts the largest pre-approval base of 62 million consumers • LazyCard will enable thin-file borrowers to build their credit worthiness with its 'booster' feature • Strategically designed reward structure of LazyCard drives value for money with every transaction MUMBAI, India, Jan. 12, 2022 /PRNewswire/ [...]
Axis Bank partners MinkasuPay for a seamless net banking experience for its customers
Biometric authentication solution for net banking transactions; smooth & secure net banking experience; no more usernames, passwords & OTPs; transaction time reduced to a few seconds using fingerprint or faceID Mumbai (Maharashtra) [India], January 12: Axis Bank, India’s third-largest private sector bank, today announced its partnership with MinkasuPay to offer the smoothest net banking payment [...]
Kauvery Hospital Successfully Treats 2-year Old Baby with Life Threatening Genetic Condition
Trichy, Tamil Nadu, India (NewsVoir) • The First Liver Transplant to the youngest child in Trichy and South TN • A mother giving another lease of life to her child, and celebrating the baby’s 2nd birthday • The child weighing less than 10 kgs, was admitted with seizures, caused by Urea Cycle disorder Kauvery Hospital [...]
Toyota drives in new Camry Hybrid at Rs 41.7 lakh
New Delhi, Jan 12 (PTI) Toyota Kirloskar Motor (TKM) on Wednesday launched new version of its premium sedan Camry Hybrid in the country priced at Rs 41.7 lakh (ex-showroom). The sedan now comes with a new front bumper, grille and alloy wheels, a floating type bigger 9-inch infotainment system, among others. Further, the self-charging hybrid electric [...]
Hafele unveils Ceramic Finished Hoods – Ceramica 90 Cookerhood
Bangalore, Karnataka, India (NewsVoir) In recent years, the urban and industrial kitchen trends have seen a move towards textured matt kitchen finishes that are stylish and sophisticated but at the same time, comfortable, enjoyable and low maintenance. The increasing popularity of ceramic, stone and concrete finishes in furniture and kitchens proves this. These finishes add [...]
Finahub Selects MatchMove to Enable Gold-Backed Lending Solutions for NBFCs
MatchMove Just-In-Time (M-JIT) funding solution helps the customers of Finahub’s partner NBFCs unlock the value of their gold jewellery in real-time and make purchases using MatchMove Rupay Cards. Bengaluru, Karnataka, India – Business Wire India Finahub Technology Solutions has selected MatchMove’s Embedded Banking platform to enable Banks & NBFCs in India to offer wallets & [...]
Anicut Capital raises Rs 875-cr for second debt fund
New Delhi, Jan 12 (PTI) Anicut Capital on Wednesday announced the successful closure of its second debt fund, Grand Anicut Fund - 2 (Category II Alternative Investment Funds) at Rs 875 crore. Anicut secured SEBI approval for its second debt fund - Grand Anicut Fund 2 (GAF -2) - of Rs 700 crore with a [...]
MUMBAI, JAN 12
(PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 60983.00 STANDARD GOLD (99.5) : 47797.00 PURE GOLD (99.9) : 47989.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 61000.00 RS. PER KG.SILVER RDY.(PORTION) : 61100.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48300.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 45800.00 RS. PER 10 GMS.HALLMARKED GOLD(22 [...]
JLR commences bookings of new Range Rover in India
New Delhi, Jan 12 (PTI) Jaguar Land Rover (JLR) on Wednesday said it has commenced bookings for the all-new Range Rover in the country. The new Range Rover, with prices starting from Rs 2.31 crore (ex-showroom India), is now available for bookings. "The Range Rover sits at the pinnacle of luxury SUVs in India and the [...]
KOLKATA BULLION OPENING
Kolkata, Jan.12(PTI): SILVER RDY.(BAR) : Rs.61,000.00 Per Kg.SILVER RDY.(PORTION) : Rs.61,100.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,300.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.45,800.00 Per 10 Gms.HALLMARKED GOLD(22-CT) RDY. : Rs.46,500.00 Per 10 Gms. ---- PTI SAM
DIRECT EXCHANGE RATES SBI
MUMBAI, JAN 12 (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 73.03 74.53 72.97 74.68 EUR/INR 82.52 85.34 82.46 85.51 GBP/INR 99.07 102.22 98.98 102.42 JPY/INR 62.88 65.01 62.82 [...]
Refyne raises $82 mn funding from Tiger Global, others
New Delhi, Jan 12 (PTI) Refyne, an earned wage access (EWA) solution provider, on Wednesday said it has raised USD 82 million (about Rs 606.6 crore) in funding led by Tiger Global. The series B round also saw significant contribution coming in from existing international investors - QED Investors, partners of DST Global, Jigsaw VC, [...]
RBI-MONEY MARKET OPERATIONS
MUMBAI, JAN 12, (PTI) Money Market Operations as on JAN 11, 2021 (Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 5,01,162.16 3.50 1.00-5.50 I. Call Money 9,066.54 3.36 2.10-3.65 II. Triparty Repo 3,81,933.70 3.48 3.10-3.58 III. Market Repo 1,09,941.92 3.57 1.00-3.90 IV. Repo [...]
Kalpataru Power raises Rs 200 cr via NCD issue
New Delhi, Jan 12 (PTI) Kalpataru Power Transmission Ltd on Wednesday said it has raised Rs 200 crore through the issuance of non-convertible debentures (NCDs). In a regulatory filing, the company said it has raised Rs 200 crore through the allotment of 2,000 NCDs of the face value of Rs 10,00,000 each on private placement [...]
UST BlueConch Wins Excellence Award for Best Security Practices in IT/ITES Sector
~ Head of InfoSec received Privacy Leader of the year 2021 Award, and Company finished among finalists for Best Security Practices in Post Pandemic Scenario ~ PUNE, India, Jan. 12, 2022 /PRNewswire/ -- UST BlueConch, the product and platform engineering services arm of UST, a leading digital transformation solutions company, has won the DSCI Excellence [...]
QuEST Global is Great Place to Work – Certified™ in India
BENGALURU, India, Jan. 12, 2022 /PRNewswire/ -- QuEST Global, a global product engineering services company, announced that it has received the prestigious Great Place to Work® -Certification in India. This annual certification recognizes QuEST's relentless efforts in creating and sustaining a High-Trust, High-Performance Culture™ within the organization. The organization fared well on the 5 key [...]
LRF technology and the role it plays in the quality of TMT bars: Radha TMT
HYDERABAD, India, Jan. 12, 2022 /PRNewswire/ -- Ladle Refining Furnace (LRF) technology is a state-of-the-art method for producing construction grade steel, with iron ore as the raw material. The Ladle Refining Furnace is a furnace in which the quality of liquid steel is improved by raising the temperature, to create a more refined grade of [...]
Nokia, Tech Mahindra partner for 5G-based solutions for enterprises
New Delhi, Jan 12 (PTI) Finnish telecom gear maker Nokia and Tech Mahindra have joined hands to deploy 5G-based solutions for business organisations, according to a joint statement by the two companies. Under the collaboration, Tech Mahindra will leverage Nokia's private wireless DAC (digital automation cloud) solution for customers across industries and facilitate in automating [...]
NABARD estimates Odisha’s credit potential for FY 2022-23 at Rs 1,34,665 Cr
Bhubaneswar, Jan 12 (PTI) NABARD has projected Odisha's overall credit potential for the financial year 2022-23 at Rs 1,34,665 crore. The projection was in the National Bank for Agriculture and Rural Development's (NABARD) state focus paper for Odisha, which was released here on Tuesday. State Finance Minister Niranjan Pujari urged banks to enhance their credit [...]
NEWSALERT
No condition in DoT's letter on equity conversion allows board seat for govt; existing promoters committed to managing, running Co: VIL CEO. PTI MBI DRR DRR
NEWSALERT
Expect entire process to conclude in coming months: VIL CEO after Co opted to convert interest on dues to government equity. PTI MBI DRR DRR
DLF shares jump over 4%
New Delhi, Jan 12 (PTI) Shares of realty major DLF Ltd on Wednesday jumped over 4 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 4.26 per cent to Rs 426.70 on the BSE. On the NSE, [...]
Artha Energy Resources launches investment platform RenewShare
New Delhi, Jan 12 (PTI) Artha Energy Resources on Wednesday announced the launch of RenewShare, a renewable energy investment platform, that enables fractional ownership of renewable energy (RE) assets in the country. Launched as an autonomous investment platform, RenewShare caters to investors interested in diversifying their existing portfolio while being a part of the fast-growing [...]
India Invited to Meet the West Midlands as the Birmingham 2022 Queen’s Baton Relay Arrives
New Delhi, Delhi, India – Business Wire India With just under 200 days to go until the Birmingham 2022 Commonwealth Games begins in Birmingham, England, the Queen’s Baton Relay has begun in India. Having launched at Buckingham Palace and departed from Birmingham Airport last October, the Baton is now on an epic journey visiting 72 [...]
Alkem Laboratories Ltd. to Launch State of the Art Technology for Diabetic Foot Ulcer Management for the First Time in India
MUMBAI, India, Jan. 12, 2022 /PRNewswire/ -- Alkem Laboratories Ltd. (Alkem) hereby announces to launch a unique patented technology for the treatment of Diabetic Foot Ulcer (DFU) in India. The solution would be based on disruptive 4D Bioprinting technology, which would be used to treat deep, non-healing chronic wounds and is expected to be launched [...]
IAMAI sets up India EdTech Consortium to uphold code of conduct by edtech platforms
New Delhi, Jan 12 (PTI) The Internet and Mobile Association of India (IAMAI) on Wednesday announced the formation of the India EdTech Consortium (IEC) that includes leading edtech companies like Byju's, Simplilearn, Unacademy, upGrad, Vedantu and others. Aligned with the government's recent advisory, the IEC will ensure that every learner shall have access to quality [...]
Rupee gains 16 paise to 73.78 against US dollar in early trade
Mumbai, Jan 12 (PTI) The rupee appreciated by 16 paise to 73.78 against the US dollar in opening trade on Wednesday, supported by the weakening of the American currency in the overseas market and positive domestic equities. Forex traders said the less hawkish-than-expected statement from Federal Reserve Chairman Jerome Powell calmed fears of aggressive Fed [...]
Business schedule for Wednesday, Jan 12
DELHI: * Mercedes-Benz India annual press conference (1230 hrs) * Salesforce CEO at Startup India Innovation Week (1400 hrs) * India Digital Summit - Koo CEO Aprameya Radhakrishna (1455 hrs) - Meta India MD Ajit Mohan (1545 hrs) - Commerce & Industry Minister Piyush Goyal (1800 hrs) * Wipro Q3 earnings call (1600 hrs) [...]
RattanIndia Enterprises to invest Rs 350 cr in its arm Cocoblu Retail
New Delhi, Jan 12 (PTI) Diversified firm RattanIndia Enterprises on Wednesday announced a Rs 350-crore investment in its arm Cocoblu Retail Ltd to drive its e-commerce business. The company, which has presence in new-age sectors, including electric motorcycles, drone solutions and fintech, said this funding will be utilised by Cocoblu to develop its business including [...]
Sensex climbs about 400 pts to reclaim 61K-level in early trade
Mumbai, Jan 12 (PTI) The BSE Sensex zoomed nearly 400 points to reclaim the key 61,000-level in opening deals on Wednesday, buoyed by expectations of a good quarterly earnings season. Starting off on a positive note, the BSE gauge was trading 397.48 points or 0.66 per cent higher at 61,014.37 in opening trade. Similarly, the [...]
Citizenship Experts Reveal Why More Wealthy Indians are Leaving and Where They’re Settling Instead
LONDON, Jan. 11, 2022 According to the Foreign Office, more than 600,000 Indians have renounced their citizenship to settle in a foreign country in the past five years. Among them, wealthy individuals and their families seeking alternative citizenship through investment have also significantly increased. The Federation of St Kitts and Nevis, ranked the best Citizenship [...]
Nitin Gadkari tests positive for COVID-19
New Delhi, Jan 12 (PTI) Road Transport and Highways Minister Nitin Gadkari has tested positive for COVID-19 and is in home quarantine. In a tweet, he said he has "mild symptoms" and is under home quarantine. "I have tested positive for Covid 19 today with mild symptoms. Following all the necessary protocols, I have isolated [...]
HDFC Bank Adjudged Best Private Bank in India at the Global Private Banking Awards 2021
Mumbai, Maharashtra, India – Business Wire India HDFC Bank has been adjudged Best Private Bank in India at the Global Private Banking Awards 2021, organised by Professional Wealth Management (PWM). Published by the Financial Times – the world’s leading global business publication – Professional Wealth Management (PWM) specialises in analysing the growth strategies of private [...]
KIIT Campus Placement 2022
5 Students Bag 52 Lakh Annual Package BHUBANESWAR, India, Jan. 11, 2022 /PRNewswire/ -- History repeats itself when efforts are endured. Kalinga Institute of Industrial Technology (KIIT) has not only grown to be a citadel but an achiever even in most adverse situations. A Notch Higher From a milestone and flag bearer for knowledge, now, [...]
Banking stocks broadly positive during Basel norms implementation over 18 years period: RBI working paper
Mumbai, Jan 11 (PTI) Banking stocks have broadly reacted positively to the strict capital norms under the Basel regulations put in place for domestic banks over an 18-year period, starting October 1998, showed an RBI working paper.The Basel capital regulations were implemented for the domestic banks in six phases starting from October 1998 to March [...]
Fantasy sports companies contribute biz worth Rs 3,000 cr last year: Dream Sports CEO
New Delhi, Jan 11 (PTI) Fantasy sports companies, which engage with users online, invested over Rs 3,000 crore last year across various segments, including buying media rights and sponsoring players, a top official of Dream Sports said on Tuesday. During the IAMAI Digital Summit, Dream Sports co-founder and CEO Harsh Jain said the company is [...]
Beverages start-up Lahori gets USD 15 mn from Belgian fund Verlinvest
Mumbai, Jan 11 (PTI) Punjab-based beverages start-up Lahori has raised USD 15 million from Belgium-based consumer-focused investor Verlinvest for a minority stake. Lahori co-founder and Chief Executive Saurabh Munjal said the company will use the fund to double down on growth through offline and online expansion as well as to expand its retail presence apart [...]
NCLAT disposes of DoT petition against Videocon resolution plan
New Delhi, Jan 11 (PTI) The National Company Law Appellate Tribunal (NCLAT) on Tuesday disposed of a petition filed by the Department of Telecommunications challenging the Rs 2,962-crore takeover bid by Anil Agarwal's Twin Star Technologies for Videocon Industries. A two-member bench observed that the appellate tribunal earlier this month had already set aside the [...]
India appeals against WTO dispute panel ruling on sugar subsidies
New Delhi, Jan 11 (PTI) India has appealed against a ruling of the World Trade Organisation's trade dispute settlement panel on domestic sugar subsidies, stating that the panel has committed "certain errors of law" in its report, the WTO said on Tuesday.The appeal was filed by India in the WTO's Appellate Body, which is the [...]
Rise in households’ inflation expectations impacts their savings in bank term deposits: RBI paper
Mumbai, Jan 11 (PTI) When sentiments about future inflation are on the higher side, households change their savings portfolio with respect to bank deposits, according to a working paper released by the Reserve Bank of India (RBI) on Tuesday. Inflation expectations play a vital role in regulating households' consumption behaviour and consequent savings, said the [...]
India flags market access issues in Korea during trade ministers’ meet
New Delhi, Jan 11 (PTI) India on Tuesday flagged market access issues being faced by domestic players from several sectors such as steel, engineering and agri products in Korea and sought redressal of the matter with a view to boost bilateral trade ties, an official said. The issue was raised during the meeting between Commerce [...]
DB Realty seeks shareholders nod to raise up to Rs 563 cr via warrants
New Delhi, Jan 11 (PTI) Mumbai-based DB Realty Ltd has sought shareholders’ approval for its proposal to raise Rs 563 crore by issuing warrants to promoters and investors.In a regulatory filing, the company informed that an extraordinary general meeting (EGM) has been called on February 2 to consider this proposal.The Board of Directors, in its [...]
SC reserves verdict on pleas of Future group firms
New Delhi, Jan 11 (PTI) The Supreme Court on Tuesday reserved verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency Award (EA) of the Singapore International Arbitration Centre (SIAC). "We reserve the order. All [...]
Govt says retail edible oil prices show declining trend from Oct 2021 after intervention
New Delhi, Jan 11 (PTI) The Centre on Tuesday said retail prices of edible oils across the country are ruling higher than a year-ago period in line with the global market but from October 2021 onwards, there is a declining trend. According to the trend from 167 price collection centres, retail prices of edible oils [...]
Business briefs
*Healthcare ed-tech startup Virohan partners with Eye Q hospitals Mumbai, Jan 11 (PTI) Healthcare ed-tech startup Virohan on Tuesday said it has partnered with chain of super-specialty eye hospitals EYE Q to provide training for healthcare professionals.The partnership aims to train and deploy hundreds of Allied Health Professionals to the workforce at over 50 locations, [...]
MCX says demand by pressure groups for suspension of cotton futures ‘irrational’
New Delhi, Jan 11 (PTI) Leading commodity bourse MCX on Tuesday said pressure groups in the value chain of the cotton industry are making "irrational" demand for suspension of futures trade in cotton on its platform despite fundamentals support high prices of the commodity.MCX, in a statement, said a ban on cotton futures would be [...]
SJVN bags 125 MW solar projects in UP
New Delhi, Jan 11 (PTI) State-run SJVN Ltd said it has bagged contracts to set up two grid connected solar power projects of cumulative 125 MW capacity in Uttar Pradesh. The projects will be established in Jalaun and Kanpur Dehat districts of the state. SJVN has bagged the projects through tariff-based competitive bidding process conducted [...]
Digital gold loan player Rupeek doubles loan book to Rs 7,500 cr in 2021
Mumbai, Jan 11 (PTI) Rupeek, a digital-focused gold loan lender backed by Sequoia and Accel, has said its loan book has nearly doubled from last year and has crossed the Rs 7,500-crore mark in 2021, indicating the financial distress of the public due to the pandemic. The gold loan is more than a fully-secured business [...]
India, UK businesses hope for win-win deal with launch of FTA talks
London, Jan 11 (PTI) As UK Secretary of State for International Trade, Anne-Marie Trevelyan, arrives in New Delhi this week to formally kick-start Free Trade Agreement (FTA) negotiations, business and industry chiefs on both sides on Tuesday expressed optimism for a “win-win” deal.Trevelyan is scheduled for meetings with Commerce and Industry Minister Piyush Goyal on [...]
BGE-BULLION-CLOSE
Bengaluru, Jan 11 (PTI) Closing bullion rates on Tuesday. Standard gold (99.5 purity) Rs 49,160 per 10 gram. Ornament gold Rs 4,584 per gram. Silver spot (.999 fineness) Rs 62,200 per kg. PTI DVR SS SS
Federal Bank subsidiary FedFina gets board approval for IPO
New Delhi, Jan 11 (PTI) Federal Bank subsidiary Fedbank Financial Services Ltd (FedFina) has initiated the process of an initial public offering (IPO), the bank said on Tuesday. The board of directors of the bank FedFina in a meeting on January 11, 2022, has approved initiating the process of an initial public offering (IPO) by [...]
Business highlights
New Delhi, Jan 11 (PTI) Following are the top business stories at 2000 hours: DEL58 BIZ-LD CORPORATE-ITR Govt extends FY21 ITR filing deadline for corporates till Mar 15, tax audit report till Feb 15 New Delhi, Jan 11 (PTI) The government on Tuesday extended till March 15 the deadline for corporates to file Income Tax [...]
Govt secures USDA approval for export of Indian mangoes to America
New Delhi, Jan 11 (PTI) India has secured approval of the United States Department of Agriculture (USDA) for the export of domestic mangoes to America in the new season, the commerce ministry said on Tuesday.The export of Indian mangoes has been restricted by the US since 2020 as the USDA inspectors were unable to visit [...]
CrowdStrike launches USD 100-mn Falcon Fund-II for investment in cybersecurity, tech trailblazers
New Delhi, Jan 11 (PTI) Cybersecurity firm CrowdStrike Holdings Inc on Tuesday announced the launch of Falcon Fund-II, a USD 100-million investment vehicle, in partnership with Accel focused on cross-stage private investments within cybersecurity and relevant adjacent markets. Five times the size of the initial Falcon Fund, Falcon Fund-II represents CrowdStrike's commitment to growing the [...]
High WPI inflation ‘blessing in disguise’ for toll road projects: Icra
New Delhi, Jan 11 (PTI) Rating agency Icra on Tuesday said that high Wholesale Price Index (WPI) inflation is a blessing in disguise for toll road projects as toll collections are set to witness 14-15 per cent growth in 2022-23. Hikes in toll rates are linked to the WPI while the traffic volume is linked to underlying [...]
Irdai directs insurers not to deny claims for antibody cocktail therapy to COVID patients
New Delhi, Jan 11 (PTI) Insurance regulator Irdai has asked the general and health insurance providers not to deny claims against 'antibody cocktail therapy' to COVID patients and devise a mechanism to clear such dues as per the norms.The insurers are denying such claims on the pretext that these are experimental treatments."Authority has come across [...]
Business briefs
*IppoPay raises $2.1mn from Coinbase Ventures, others New Delhi, Jan 11 (PTI) Fintech firm IppoPay on Tuesday said it has raised USD 2.1 million (about Rs 15.5 crore) from Coinbase Ventures, Better Capital, Blume Founders Fund, and a number of high-profile angel investors.This new funding round will be used to further strengthen IppoPay's technology stack, [...]
Urjit Patel appointed as vice president of AIIB; replaces ex-bureaucrat from Gujarat
New Delhi, Jan 11 (PTI) Former RBI governor Urjit Patel was on Tuesday appointed as vice president for investment operations in South Asia at the Beijing-based Asian Infrastructure Investment Bank (AIIB), replacing former bureaucrat from Gujarat, D J Pandian. The appointment of Patel will be effective from February 1, AIIB said in a statement. He [...]
MCL offers 22.5 lakh tonne coal to power consumers via road-cum-rail mode
New Delhi, Jan 11 (PTI) State-owned CIL arm Mahanadi Coalfields Ltd on Tuesday said it has offered 22.5 lakh tonnes of coal to power consumers via the road-cum-rail mode as the stock of fossil fuel rises above 12.5 million tonnes at the mines with a gradual increase in output in the last quarter of FY22. [...]
Govt extends FY21 ITR filing deadline for corporates till Mar 15, tax audit report till Feb 15
New Delhi, Jan 11 (PTI) The government on Tuesday extended till March 15 the deadline for corporates to file Income Tax returns for the fiscal ended March 2021. The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15. This is the third extension [...]
Govt extends FY21 ITR filing deadline for corporates till Mar 15, tax audit report till Feb 15
New Delhi, Jan 11 (PTI) The government on Tuesday extended till March 15 the deadline for corporates to file Income Tax returns for the fiscal ended March 2021.The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15.This is the third extension given to [...]
Bengal govt matches power tariff in industrial parks with DVC rate
Kolkata, Jan 11 (PTI) In an effort to make state-run industrial parks attractive to investors, the West Bengal government has reduced power tariff to match it with the rate of Damodar Valley Corporation (DVC) in all such facilities. The power tariff of West Bengal State Electricity Distribution Company is higher by around Rs 3 per [...]
Unified Health Interface to go live this week: R S Sharma
New Delhi, Jan 11 (PTI) Unified Health Interface (UHI), which aims to provide access to healthcare services digitally, will go live this week, National Health Authority CEO R S Sharma said on Tuesday. Sharma added that he expects UHI to become as successful as UPI is for payments. "UHI is going live this week. Now, [...]
‘Tech, data analytics have made businesses more productive in last 2 yrs’
New Delhi, Jan 11 (PTI) Adoption of technology and data analytics since the onset of the pandemic have made companies more productive, competitive and decisive, as per panellists at tech giant Microsoft's annual flagship event 'Future Ready'. Data analytics has now become a tool, enabling companies with speedier decision-taking as most of this would be [...]
Business briefs
*IppoPay raises $2.1mn from Coinbase Ventures, others New Delhi, Jan 11 (PTI) Fintech firm IppoPay on Tuesday said it has raised USD 2.1 million (about Rs 15.5 crore) from Coinbase Ventures, Better Capital, Blume Founders Fund, and a number of high-profile angel investors.This new funding round will be used to further strengthen IppoPay's technology stack, [...]
HomeLane concludes ESOP buyback worth Rs 27cr
New Delhi, Jan 11 (PTI) Home interiors company HomeLane on Tuesday said it has concluded an Employee Stock Option Plan (ESOP) buyback worth Rs 27 crore.This round was initiated as part of the company's recent series E investment of USD 50 million, led by IIFL AMC's Late Stage Tech Fund, OIJIF II (Oman India Joint [...]
Markets gains likely to be muted in 2022; 9% upside for Nifty by Dec: Report
Mumbai, Jan 11 (PTI) Dalal Street may not sustain the record run it had from the middle of 2020 as the new year will see bouts of corrections leading to tepid gains given the many downside risks to a sustained rally, says a brokerage report. Wall Street brokerage Bank of America Securities India expects the [...]
CBDT extends ITR filing deadline for corporates till Mar 15
New Delhi, Jan 11 (PTI) The government on Tuesday extended till March 15 the deadline for corporates to file Income Tax returns for the fiscal ended March 2021.The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15.This is the third extension given for [...]
TTML to convert interest on AGR dues into equity; govt holding seen at 9.5%
New Delhi, Jan 11 (PTI) After Vodafone Idea, Tata Teleservices (Maharashtra) on Tuesday said it will opt for conversion of the interest amount on AGR dues into equity and post conversion, the government's holding in the company is expected to be around 9.5 per cent. The announcement of Tata Teleservices (Maharashtra) came within hours of [...]
Women are more employable in tech development jobs than men: Report
Mumbai, Jan 11 (PTI) With the tech industry opening up more job opportunities in the wake of the ongoing pandemic, a report has shown that women are more employable in development jobs than men. According to the BridgeLabz Tech Employability Quotient (BTEQ) test, which determines the likelihood of getting a development job in the tech [...]
Maersk reports 43% growth in containerised rail export cargo in 2021
Mumbai, Jan 11 (PTI) Global container logistics major Maersk India on Tuesday said it has posted 43 per cent growth in the movement of containerised export cargo on the rail in 2021.It has also launched 13 new weekly dedicated rail services during the period, the company added.These services were designed in such a way that [...]
Merck Foundation and Gambia First Lady Conducted the First Health Media Training to Break Infertility Stigma and Support Girl Education
Mumbai, Maharashtra, India & Banjul, The Gambia – Business Wire India Merck Foundation, the philanthropic arm of Merck KGaA Germany organized their first “Merck Foundation Health Media Training” via Videoconference on 15th December 2021 in partnership with H.E. Mrs. FATOUMATTA BAH-BARROW, The First Lady of The Gambia and Ambassador of Merck Foundation More Than a [...]
TECNO Launches New Telescopic Macro Lens Technology to Kickstart the New Year with Great Anticipation
NEW DELHI, Jan. 11, 2022 /PRNewswire/ -- TECNO, a premium smartphone brand, has earlier outlined its latest technologies and achievements at a webinar entitled "Global Mobile Camera Trends 2022: Innovation Talk". Webinar speakers highlighted recent technology breakthroughs, one of which is the powerful Telescopic Macro Lens that is included in the latest TECNO concept phone. [...]
Flexible regulatory approach necessary for tech adoption: Govt official
Kolkata, Jan 11 (PTI) Government policies and regulatory approach have to be flexible and supportive towards new technological developments as the country progresses on its carbon emission mitigation targets, a senior power department official has said. “Technological development is a global phenomenon and India cannot be isolated,” Union Power Secretary Alok Kumar said at a [...]
CCI approves Coral Blue Investment’s stake buy in Sutherland Global Holdings
New Delhi, Jan 11 (PTI) The Competition Commission of India (CCI) on Tuesday approved the acquisition of shares in Sutherland Global Holdings by Coral Blue Investment (GIC Investor Group). The proposed combination involves the acquisition of Series-C preferred stock convertible to common stock of Sutherland Global Holdings Inc in two tranches by the acquirer, according [...]
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