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Stocks that have partnership with Rolls Royce to keep an eye on
Rolls-Royce develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea, and on land. Its products and services help meet the growing need for power generation across multiple industries and enable governments to equip their armed forces with the power required to protect their citizens. Listed below are some [...]
Cigarette stock jumps 15% after it announces 2:1 bonus issue
Shares of this mid-cap company, involved in tobacco products, confectionery, tea, and real estate, surged nearly 15 percent to Rs.7,320 per share to a 52-week high, following the announcement of a board meeting to finalize plans for issuing bonus shares. Price Variation In Friday’s session, Godfrey Phillips India Limited's share price jumped 14.5 percent to [...]
Wind energy stock jumps 16% after receiving order worth ₹ 163.74 Cr from Vestas Wind Systems
During Friday’s trading session, the shares of a company engaged in the manufacturing of SG & CI castings surged 16.4 percent to hit a new 52-week high at Rs. 468.4 on BSE, after the company secured an order worth Rs. 163.74 crores from Vestas Wind Systems. With a market capitalisation of Rs. 614.6 crores, at [...]
Stocks to benefit from coal mine allocation by Ministry of Coal
The country's coal output increased by 6.48 percent to 384.08 million tonnes (MT) in the first five months of the current fiscal year. From April to August of FY24, output totaled 360.71 MT. CIL production, which accounts for more than 80% of domestic coal output, increased to 290.39 MT between April and August FY25, a [...]
Stock hits 10% upper circuit after receiving order to construct formulation facility in Vadodara, Gujarat
Micro-cap stock primarily engaged in providing civil construction services, including a range of general contracting and project management services, hit a 10 percent upper circuit in the day’s trade upon receiving a new work order worth Rs. 14.50 Crores. Price Action With a market capitalization of Rs. 53.03 Crores, the shares of Conart Engineers Limited [...]
Microcap stock hits 5% upper circuit after receiving order worth ₹ 51.3 Lakhs from Govt of India
Shares of a company engaged in the business of commerce, trade and distribution hit a 5 percent upper circuit on BSE at Rs. 242.95 in the trading session of Friday, after the company secured an order worth nearly Rs. 51.3 lakhs from the Ministry of Information and Broadcasting. With a market capitalisation of Rs. 247.5 [...]
Vijay Kedia stock with strong revenue growth and orderbook guidance of ₹ 18,000 Cr
In Friday’s trading session, the shares of one of the pioneers in integrated infrastructure and construction services in India surged 0.7 percent to hit an intraday high of Rs. 58.75 on BSE. With a market capitalisation of Rs. 4,838.3 crores, the shares of Patel Engineering Limited opened in the green at Rs. 58.51, up by [...]
Adani group stock in focus after company to invest ₹ 83,947 Cr to set up semiconductor plant
Large Cap stock which is a holding company operating across various businesses like resource management, FMCG, Power, airports, data centers, and many more in focus following approval to setup a $10 Billion semiconductor chip manufacturing unit in India. Price Action With a market capitalization of Rs. 3,42,570 Crores, the shares of Adani Enterprises Limited were [...]
₹ 14.74 to ₹ 2.5: FII expects this large cap stock to fall by 83%
Shares of this leading telecom stock plunged around 15 percent after Goldman Sachs forecasted an 83.5 percent drop in price, setting a target of Rs.2.5 per share from Thursday’s closing level. Share Price Movement On Friday, Vodafone Idea Limited’s share price fell 14.5 percent to an intraday low of Rs.12.91 per share from its previous [...]
Stock under ₹ 20 that delivered 50% return in just 5 days; Check the reason
With a market capitalization of Rs. 2,496 crores, the shares of this smallcap company started Friday’s trading session on a higher note at Rs. 14.74 compared to its previous close of Rs. 13.87. During the trading session, the shares clocked a 20 percent upper circuit at Rs. 16.50 apiece. The stock has experienced a notable [...]
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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
Budget wishlist: ACMA seeks lower GST on auto components
New Delhi, Jan 11 (PTI) Auto components industry body ACMA on Tuesday said it has urged the government for a uniform GST rate of 18 per cent on all auto parts to curb the impact of counterfeits in the aftermarket operations. In its pre-Budget recommendations, the Automotive Component Manufacturers Association (ACMA) also asked the government [...]
India agrees to allow imports of US pork, its products: USTR
Washington, Jan 11 (PTI) New Delhi has agreed to allow imports of US pork and pork products into India for the first time, according to a statement of the United States Trade Representative. This was announced by US Trade Representative Katherine Tai and United States Secretary of Agriculture Tom Vilsack through the statement. "The Government [...]
GMR Infra starts trading on bourses as pure-play airport biz company
New Delhi, Jan 11 (PTI) GMR Infrastructure Ltd (GIL) has started trading at the stock exchanges as a pure-play airport sector company from Tuesday onwards, according to a statement. "GIL shares started trading today ex-GPUIL. This is post the demerger of non-airports business of GIL into GMR Power and Urban Infrastructure Limited (GPUIL)," the statement said. With [...]
Vodafone Idea shares crack nearly 21 pc; Mcap tanks by Rs 8,764.24 cr
New Delhi, Jan 11 (PTI) Shares of Vodafone Idea (VIL) on Tuesday tumbled nearly 21 per cent after the debt-ridden firm announced converting about Rs 16,000 crore interest dues liability payable to the government into equity. The stock tanked 20.54 per cent to settle at Rs 11.80 on BSE. During the day, it dived 22.55 [...]
Tata Consumer appoints Gharry Eccles as president of international business
New Delhi, Jan 11 (PTI) Tata Group FMCG arm Tata Consumer Products Ltd (TCPL) on Tuesday said it has appointed Gharry Eccles as the president of international business. Eccles, whose appointment will be effective from January 17, will be based in Greenford, London, TCPL said in a statement. Adil Ahmad, who currently holds this role, [...]
Business briefs
*e-Ashwa sold 3,634 EVs in Dec 2021 Mumbai, Jan 11 (PTI) Electric vehicle maker e-Ashwa Automotive has increased its vehicles sales by more than four-fold sequentially, delivering 3,624 units in December 2021 quarter as against 888 units sold in the September quarter, driven by the festive season demand and easing of restrictions post the second [...]
Huge mismatch between demand and availability of talent: Rishad Premji
New Delhi, Jan 11 (PTI) The war for talent is the number one challenge for the IT industry given the huge mismatch between demand and availability, and organisations across the industry are putting in efforts at multiple levels to hire and retain employees, Wipro Executive Chairman Rishad Premji said on Tuesday. Speaking at the Microsoft [...]
Rupee rises for third day, spurts 11 paise to 73.94 per USD
Mumbai, Jan 11 (PTI) The rupee surged 11 paise to close at an over three-month high of 73.94 against the US dollar on Tuesday, marking its third straight session of gains amid a weak American currency overseas and a firm trend in domestic equities. At the interbank forex market, the local unit opened strong at [...]
SJVN to enter power trading business, says its CMD
New Delhi, Jan 11 ( PTI) State-owned SJVN Ltd on Tuesday said it will start power trading following the grant of a licence in this regard to it by the Central Electricity Regulatory Commission (CERC). "Central Electricity Regulatory Commission (CERC) has granted a trading licence to SJVN Ltd for the inter-state trading of electricity. The [...]
Manav Rachna Offers 7 UGC Approved Online Degrees with Robust Industry Alliances
Faridabad, Haryana, India (NewsVoir) • Mentorship by experts from Microsoft, Xebia, Palo Alto, QuickHeal, RASCI, BFSI, Talentedge and others • 20% Special Concession for First Batch Starting February 1, 2022 • Specializations like Cyber Security, Artificial Intelligence, Data Science & others offered Following the tenets of the National Education Policy (NEP 2020) and with its [...]
India Pavilion at Dubai Expo celebrates World Hindi Day
Dubai, Jan 11 (PTI) The India Pavilion at Expo 2020 Dubai commemorated the significance of Hindi language as it celebrates Vishwa Hindi Diwas amid fanfare and cultural performances. The event to mark the World Hindi Day on Monday was organised jointly by Indian Business and Professional Council (IBPC) and Consulate General of India – Dubai, [...]
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 [...]
BULLION CLOSING
MUMBAI, JAN 11 (PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 60550.00 60440.00 STANDARD GOLD (99.5) : 47531.00 47514.00 PURE GOLD (99.9) : 47722.00 47705.00 -------------------------- PTI MUM SVC SVC SVC
Adani Power board appoints Shersingh B Khyalia as its CEO
New Delhi, Jan 11 (PTI) Adani Power's board on Tuesday approved the appointment of Shersingh B Khyalia as the company's chief executive officer (CEO) with effect from January 11, 2022. "Board of directors of the company, at its meeting held on January 11, 2022, has considered and approved the appointment of Shersingh B Khyalia as [...]
OPTEL ACQUIRES PHARMA TRACK-AND-TRACE UNIT OF KÖRBER
QUÉBEC and HAMBURG, Germany, Jan. 11, 2022 /PRNewswire/ -- OPTEL GROUP, already a world leader in supply chain traceability, is expanding its expertise and global reach with the recent acquisition of the track-and-trace unit of the Körber Business Area Pharma, formerly known as Traxeed, based in Germany. Körber is a leading international technology group. The [...]
Alia Bhatt is ‘Made of Pride’
Blenders Pride Introduces Its New Brand Ambassador in a Captivating New Campaign Film India – Business Wire India Blenders Pride welcomed Alia Bhatt as the new face of the brand with a captivating campaign film, 'Made of Pride'. It showcases Alia's relentless and never give up attitude, and her pride in being her authentic self. [...]
True North exits analytics co Actify by selling stake to Voxco
Mumbai, Jan 11 (PTI) Homegrown private equity player True North on Tuesday said it has fully exited Actify Data Labs by selling stake to global omnichannel survey platform Voxco for an undisclosed sum. The Bengaluru-headquartered Actify was incubated by True North in 2018 and pitches itself as an augmented intelligence player delivering rapid business impact [...]
HomeLane concludes ESOP buyback worth Rs 27 cr
Mumbai, Jan 11 (PTI) Tech-enabled interior design solutions provider HomeLane on Tuesday said it has concluded its Employee Stock Option Plan (ESOP) buyback worth Rs 27 crore.This is the second time ESOPs have been bought back by the company, and this round was initiated as part of its recent Series E investment led by IIFL [...]
Exports up 33% to $7.63 bln during Jan 1-7 period
New Delhi, Jan 11 (PTI) The country's exports grew 33.16 per cent to USD 7.63 billion during January 1-7 period on account of healthy performance by various sectors, including engineering, petroleum and gems and jewellery, according to preliminary data from the commerce ministry. Exports stood at USD 5.73 billion during the same period last year. [...]
Policy should be pro-innovation, light touch, says Niti Aayog CEO
New Delhi, Jan 11 (PTI) Niti Aayog CEO Amitabh Kant on Tuesday said the country's policies need to be pro-innovation, light touch and progressive, as also they should be benchmarked against the world's best. Speaking at an event organised by Microsoft India, Kant pointed out India is creating three unicorns a month. "My view is [...]
Cropin partners with Heaven Sprout Foods to accelerate digitisation in Latin American agri-ecosystem
Mumbai, Jan 11 (PTI) AI-led agri-tech firm Cropin on Tuesday announced that it has entered into a strategic partnership with Heaven Sprouts Foods to accelerate digitisation in Latin America’s agriculture ecosystem.With this partnership, Cropin will grow its focus on enabling agri-businesses in the Latin American region, adopt and drive digitisation across their operations, according to [...]
India Hydrogen Alliance makes various submissions to govt seeking budgetary support
New Delhi, Jan 11 (PTI) Industry body India Hydrogen Alliance (IH2A) has made various submissions to the government seeking budgetary support for the development of a hydrogen economy in India. IH2A has made submissions to the government for budgetary support for creation of 10 National BharatH2 Clusters, a USD 1 billion Hydrogen Economy Development Fund [...]
Rice exporters seek extension of interest subsidy scheme to boost shipments
New Delhi, Jan 11 (PTI) Rice exporters on Tuesday sought an extension of the interest subsidy scheme, which ended last year, from the government as it will help in further boosting the outbound shipments of the commodity. All India Rice Exporters' Association (AIREA) President Nathi Ram Gupta said that if the extension is not considered [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, JAN 11 (PTI) OILS (per 10 Kgs) Gr. Kernel 6700.00 Gr. Bolds 60/70 8500.00 Gr. Javas 60/70 9300.00 Gr Javas 70/80 9100.00 Gr.Javas 80/90 8900.00 Kardiseed 2pct Crug/Expor Qly 6400.00 Seasameseed Whitish 98/2/FFA/1FM 9700.00 Whitish 95/5/FFA/1FM 9500.00 Brown 48/2 FFA/4 FM 9100.00 Brown 48/3 FFA/4 FM 9000.00 Brown 48/4 FM/* No FFA Guarantee 8600.00 [...]
Tata Group to replace Vivo as the IPL title sponsor
The Tata Group will be replacing Vivo as the IPL title sponsor for this year and next year.This mega auction will take place in February 2022, in Bangalore."There was a request from Vivo to exit the IPL sponsorship deal and the GC has approved it," an official told Cricbuzz. The Tata Group is all set [...]
Oye Rickshaw plans to deploy over one lakh e-rickshaws this year, expand ops to 25 new cities
Mumbai, Jan 11 (PTI) Matrix Partner-backed EV mobility firm Oye Rickshaw on Tuesday said it is planning to deploy over 1,00,000 e-rickshaws and expand operations to 25 new cities by this year.With over 10,000+ e-rickshaws, the micro-mobility company offers its services in Delhi NCR, Uttar Pradesh and Haryana.With 2022 set to be the year of [...]
SBI invites applications for head of digital banking; eligible candidates can apply by Jan 28
New Delhi, Jan 11 (PTI) The country's largest lender SBI is looking forward to appointing the head for its digital banking, and it has invited applications from eligible candidates for the post by January 28. The position, to be filled on a contractual basis, invites applications under the bank's recruitment for a specialist cadre officer, [...]
COMMODITY PRICES
MUMBAI, JAN 11 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 727.00 COPPER HEAVY SCRAPS 717.00 COPPER ARMATURE (CREDIT) 698.00 COPPER UTENSILS SCRAP 633.00 CC ROD 760.00 BRASS :- BRASS SHEET CUTTING 535.00 BRASS UTENSIL SCRAP 480.00 BRASS HONEY 475.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 185.00 ALUMINIUM EXTRUSION SCRAP 208.00 ALUMINIUM INGOTS [...]
MGR-COMML-ARECA-COCONUT-PRICES
Mangaluru, Jan 11 (PTI) Following are today's Areca and Coconut prices. Areca (per QTL) Old Supari : Rs 48000 to Rs 53000 model Rs 50000 New Supari : Rs 40000 to Rs 45000 model Rs 43000 Koka : Rs 35000 to Rs 39500 model Rs 37500 Coconut [per thousand]: 1st qlty : Rs 18000 to [...]
BGE-COMML-COMMODITIES
Bengaluru, Jan 11 (PTI) Following are today's commodities prices (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 [...]
Sensex, Nifty firm up gains for third session; IT, financial shares rally
Mumbai, Jan 11 (PTI) Continuing its winning run for the third consecutive session, the BSE benchmark Sensex added another 221 points to revisit the 60,500-level on Tuesday, propped up by buying mainly in IT and financial shares. After early hiccups, the 30-share benchmark remained poised throughout the session and went on to hit the day's [...]
BGE-COMML-VEGETABLES
Bengaluru, Jan 11 (PTI) Following are today's Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-5000, Brinjal 400-5000, Tomato 200-8000, Bitter Gourd 2100-5000, Bottle Gourd 600-2500, Ash Gourd 1100-2000, Green Chilly 350-8500, Banana green 1000-3000, Beans 150-6000, Green Ginger 800-5000, Carrot 2000-8000, Cabbage 1100-5000, Ladies Finger 400-5800, Snake Guard 1200-2500, [...]
SAT pulls up Sebi officer for inordinate delay in issuing show cause notice
New Delhi, Jan 11 (PTI) The Securities Appellate Tribunal (SAT) has pulled up an adjudicating officer of Sebi for "inordinate delay" in issuing a show cause notice in a matter related to Shriram Insight Share Brokers Ltd. In addition, the tribunal has quashed a Sebi order, whereby the adjudicating officer had imposed a penalty of [...]
Rupee gains 14 paise to close at 73.91 against US dollar
Mumbai, Jan 11 (PTI) The rupee surged 14 paise to close at 73.91 (provisional) against the US dollar on Tuesday, tracking a weak American currency in the overseas market and firm trend domestic equities.At the interbank forex market, the local unit opened strong at 73.94 against the greenback and witnessed an intra-day high of 73.83 [...]
One needs to be fit first to grow: Tata Sons chief Chandrasekaran
New Delhi, Jan 11 (PTI) One needs to be fit first in order to grow, said Tata Sons Chairman N Chandrasekaran, an avid marathon runner who has tried to bring long-distance running benefits to the business. Keeping in mind the learning of not trying to grow if not fit, he said the Tata group while [...]
Sresta Natural Bioproducts files draft papers with Sebi; aims to raise Rs 500-cr via IPO
New Delhi, Jan 11 (PTI) Organic food company Sresta Natural Bioproducts Ltd has filed preliminary documents with capital markets regulator Sebi to raise Rs 500 crore through an initial share-sale.The initial public offering (IPO) comprises fresh issue of equity shares aggregating up to Rs 50 crore and an offer-for-sale of up to 70,30,962 equity shares [...]
Q3 preview: India Inc set to see 100-120 bps margin compression, says report
Mumbai, Jan 11 (PTI) The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report.Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue [...]
KOLKATA BULLION CLOSING
Kolkata,Jan.11(PTI): SILVER RDY.(BAR) : Rs.61,000.00(60,600.00) Per Kg.SILVER RDY.(PORTION) : Rs.61,100.00(60,700.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,300.00(48,100.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.45,800.00(45,650.00) Per 10 Gms.HALLMARKED GOLD(22-CARAT) RDY. : Rs.46,500.00(46,350.00) Per 10 Gms. ---- PTI SAM
Delivery business may see doubling of women workforce to 15 pc: Report
New Delhi, Jan 11 (PTI) Hiring of blue-collar workers in various categories of delivery business is expected to see strong growth aided by rising online shopping in 2022 due to the spread of coronavirus and attractive discounts offered by e-commerce players, according to a report. The last year 2021 was marked by an increase in [...]
Gold rallies Rs 104; silver climbs Rs 408 tracking global trends
New Delhi, Jan 11 (PTI) Gold price in the national capital on Tuesday jumped Rs 104 to Rs 46,606 per 10 grams, in line with a rally in international precious metal prices, according to HDFC Securities.In the previous trade, the precious metal settled at Rs 46,502 per 10 grams.Silver also gained Rs 408 to Rs [...]
Timex Group India Ltd. granted manufacturing & distribution rights for Guess & Gc branded watches in India
NEW DELHI, Jan. 11, 2022 /PRNewswire/ -- Trusted watchmaker Timex Group India Ltd. has sealed agreements with Timex Nederland B.V (Sequel Division) for the grant of manufacturing and distribution rights of "Guess" & "Gc" branded watches for the territory of India. The deal is a significant win for Timex Group India given Guess & Gc [...]
Rising digital dependence during pandemic heightening cyber threats: WEF survey
New Delhi/Geneva, Jan 11 (PTI) As the world enters the third year of the Covid-19 pandemic, a growing dependence on digital systems has heightened the risks posed by cybersecurity threats globally, while fracture of inter-state relations, widespread youth disillusionment and digital inequality are among top risks for the Indian economy, a new survey showed on [...]
Industry-University partnerships for Sustainable Development Goals focused internships in Australia and India.
FORE School of Management, New Delhi, in association with Deakin University, Australia, organised a webinar on “Industry-University partnerships for Sustainable Development Goals (SDGs) of the United Nations, with focus on internships in Australia and India” on January 8, 2022. The webinar which was part of a project funded by the Department of Foreign Affairs and [...]
Gold rallies Rs 104; silver climbs Rs 408 tracking global trends
New Delhi, Jan 11 (PTI) Gold price in the national capital on Tuesday jumped Rs 104 to Rs 46,606 per 10 grams, in line with a rally on international precious metal prices, according to HDFC Securities.In the previous trade, the precious metal settled at Rs 46,502 per 10 grams.Silver also gained Rs 408 to Rs [...]
SKF India Announces SKF Scholarship Program for Girls
Scholarship to support 150 girls to pursue diplomas and engineering degree New Delhi, Delhi, India (NewsVoir) SKF India, the leading bearings manufacturer, today announced its scholarship program for deserving girls’ students who aspire to pursue diplomas and engineering degrees. As part of the program, SKF India aims to support 150 girls from economically disadvantaged families [...]
Proud to announce: Azentio awarded AAOIFI’s certificate of compliance for iMAL™ R14.5
SINGAPORE, Jan. 11, 2022 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that iMAL™ R14.5, the latest version of the company's Islamic core banking platform, has successfully completed the annual certification review for the year 2022 by the Accounting and Auditing Organization for Islamic Financial [...]
UIDAI open to looking at solutions on ‘partial authentication’: CEO
New Delhi, Jan 11 (PTI) The Unique Identification Authority of India (UIDAI) is open to looking at solutions that can enable 'partial authentication' where needed, and is keen to get feedback from the industry about the demand for such solutions, its CEO Saurabh Garg said on Tuesday. The Aadhaar-issuing body is also exploring possibilities for [...]
Buy LG Washing Machines on the Lowest EMIs and Get up to Rs. 2,000 Cashback from the Bajaj Finserv EMI Store
Pune, Maharashtra, India (NewsVoir) The Bajaj Finserv EMI Store is offering exclusive deals, including deep discounts and hefty cashback offers on top-tier LG washers across price ranges. Those looking to upgrade their washing experience can buy the best-selling LG washing machines and get cashback of up to Rs. 2,000 on every purchase from the online [...]
Nickel futures rise on firm spot demand
New Delhi, Jan 11 (PTI) Nickel prices on Tuesday rose 1.48 per cent to Rs 1,588.60 per kg in the futures trade as speculators built up fresh positions amid rising demand from alloy makers.On the Multi Commodity Exchange, nickel contracts for February delivery gained Rs 23.10, or 1.48 per cent, to Rs 1,588.60 per kg [...]
Wrogn’s Parent Company Universal Sportsbiz Names Filmmaker Karan Johar as Chief Creative Advisor
Mumbai, Maharashtra, India (NewsVoir) Filmmaker Karan Johar joins hands with Universal SportsbizPvt. Ltd. (USPL) to be their first ever Chief Creative Advisor. In a strategic move, USPL has collaborated with Karan Johar to consult for all the fashion brands at USPL – Wrogn, Imara, Single &Wrogn Active. Karan Johar will be working closely with the [...]
Copper futures rise on high spot demand
New Delhi, Jan 11 (PTI) Copper prices on Tuesday rose 0.18 per cent to Rs 735.10 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 1.35, or 0.18 per cent, to Rs 735.10 [...]
Zinc futures edge higher on robust demand
New Delhi, Jan 11 (PTI) Zinc prices on Tuesday rose 30 paise to Rs 286.65 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 30 paise, or 0.30 per cent, to Rs 286.65 per kg with a business turnover [...]
Soybean futures slip on muted demand
New Delhi, Jan 11 (PTI) Soybean prices on Tuesday fell by Rs 28 to Rs 6,435 per quintal in the futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery fell Rs 28, or 0.43 per cent, to Rs 6,435 per [...]
Crude oil futures gain on higher demand
New Delhi, Jan 11 (PTI) Crude oil prices on Tuesday rose Rs 43 to Rs 5,815 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the February delivery traded higher by Rs 43, or 0.74 per cent, to Rs 5,815 per barrel in 1,405 [...]
Gold futures gain on spot demand
New Delhi, Jan 11 (PTI) Gold prices on Tuesday rose Rs 103 to Rs 47,558 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 103, or 0.22 per cent, to Rs 47,558 [...]
Shriram Transport Finance raises USD 475 mn through social bonds
Mumbai, Jan 11 (PTI) Asset financing company Shriram Transport Finance Company (STFC) on Tuesday said it has raised USD 475 million (about Rs 3,500 crore) through Reg S Bond, having a tenor of 3.5 years and offering a coupon of 4.15 per cent. The proceeds from the STFC social bond would be used for employment [...]
Guar seed futures decline on low demand
New Delhi, Jan 11 (PTI) Guar seed prices on Tuesday went down by Rs 12 to Rs 6,327 per 10 quintals in the futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for the January delivery were trading lower by Rs 12, or 0.19 per cent, to Rs 6,327 per 10 quintals [...]
Rising demand lifts refined soya oil futures
New Delhi, Jan 11 (PTI) Refined soya oil prices on Tuesday inched up by Rs 2 to Rs 1,196.2 per 10 kg in futures trade as speculators raised their bets.On the National Commodity and Derivatives Exchange, refined soya oil for January delivery moved up by Rs 2, or 0.17 per cent, to Rs 1,196.2 per [...]
Silver futures rise on spot demand
New Delhi, Jan 11 (PTI) Silver prices on Tuesday rose Rs 263 to Rs 60,930 per kg in the futures trade as participants widened their bets following firm spot demand.On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 263, or 0.43 per cent, to Rs 60,930 per kg in 16,568 lots.Analysts said [...]
Guar gum futures fall on low demand
New Delhi, Jan 11 (PTI) Guar gum prices on Tuesday fell Rs 11 to Rs 11,410 per five quintals in the futures market as traders offloaded their holdings in line with weak trend in the spot market. On the National Commodity and Derivatives Exchange, guar gum for the January delivery fell Rs 11 or 0.1 [...]
Coriander futures decline on low demand
New Delhi, Jan 11 (PTI) Coriander prices on Tuesday fell Rs 10 to Rs 9,508 per quintal in the futures trade as speculators reduced their positions amid weak demand in the spot market. On the National Commodity and Derivatives Exchange, coriander contracts for January eased by Rs 10, or 0.11 per cent, to Rs 9,508 [...]
Cottonseed oil futures fall on soft demand
New Delhi, Jan 11 (PTI) Cottonseed oil cake prices on Tuesday declined Rs 35 to Rs 3,293 per quintal in the futures trade as participants reduced their bets tracking a weak trend in the spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake [...]
DFAN, SCV form co-investment partnership to invest Rs 100 cr in tech startups
New Delhi, Jan 11 (PTI) Digital Futurists Angels Network (DFAN), a global community-backed angel network, on Tuesday said it has formed a co-investing partnership with boutique investment banking firm Solis Capital and Ventures (SCV) to deploy a corpus of Rs 100 crores over the next four years in technology startups. This partnership is aimed to [...]
COVID third wave to impact securitisation, FY22 volumes will fall below earlier estimates: Icra
Mumbai, Jan 11 (PTI) Lockdowns to contain the spread of the third COVID wave hurt loan collections and new lending by non-banks, and will in turn impact securitisation volumes, a domestic rating agency said on Tuesday. The overall volumes of securitisation – where a non-bank lender passes on future receivables against loans or a bunch [...]
Audi India commences bookings for new generation Q7
New Delhi, Jan 11 (PTI) German luxury car maker Audi on Tuesday said it has commenced bookings for the all new version of its premium SUV Q7. Powered by a new powerful 3 litre petrol engine, the new generation Q7 can be booked at an initial booking amount of Rs 5 lakh. "After nine product [...]
COVID-19 pandemic has not impacted India’s long-term growth trajectory: N Chandrasekaran
New Delhi, Jan 11 (PTI) The coronavirus pandemic has not impacted India's long-term growth trajectory although it has delayed it and in this decade, the country will lead the global growth rates, Tata group Chairman N Chandrasekaran said on Tuesday. Speaking at tech giant Microsoft's annual flagship event, Future Ready, he said it should be [...]
Bullion Market Mumbai
OPENING RATES SILVER SPOT (IN RS PER KILO): 60550.00 STANDARD GOLD (99.5) : 47531.00 PURE GOLD (99.9) : 47722.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 60600.00 RS. PER KG. SILVER RDY.(PORTION) : 60700.00 RS. PER KG. GOLD (24 CARAT) RDY. : 48100.00 RS. PER 10 GMS. GOLD (22 CARAT) RDY. : 45650.00 RS. PER 10 [...]
Aurobindo Pharma arm CuraTeQ expands scope of distribution pact with Orion
New Delhi, Jan 11 (PTI) Aurobindo Pharma on Tuesday said its subsidiary CuraTeQ Biologics has expanded the scope of its marketing and distribution agreement with Orion Corporation (Orion) to commercialise its biosimilars pipeline to include the Baltic states in Europe. Earlier in 2020, CuraTeQ and Orion had entered into a licensing agreement, granting marketing and [...]
DIRECT EXCHANGE RATES SBI
MUMBAI, JAN 11 (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 73.41 74.91 73.35 75.06 EUR/INR 82.70 85.55 82.63 85.72 GBP/INR 99.18 102.36 99.10 102.57 JPY/INR 62.99 65.11 62.93 65.24 [...]
Money Market Operations
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment 4,88,059.59 3.41 1.00-5.30 I. Call Money 9,607.59 3.31 2.10-3.60 II. Triparty Repo 3,69,462.35 3.40 3.35-3.70 III. Market Repo 1,08,969.65 3.43 1.00-3.80 IV. Repo in Corporate Bond 20.00 5.30 5.30- 5.30 B. Term Segment I. Notice [...]
Indian economy to see 9.5% growth this fiscal: Arvind Virmani
New Delhi, Jan 11 (PTI) The Indian economy is likely to register a growth of 9.5 per cent in this financial year, former chief economic adviser Arvind Virmani said on Tuesday. Addressing a virtual event organised by industry body PHDCCI, Virmani said that government expenditure and exports have peaked, but so far private consumption has [...]
Technology can democratise healthcare delivery in society: Cardiologist Devi Shetty
New Delhi, Jan 11 (PTI) Technology has the power to democratise healthcare delivery as even the top doctors could be consulted with a click of a button, eminent cardiologist and Narayana Hrudayalaya Chairman Devi Prasad Shetty said on Tuesday. Speaking at an industry event here, Shetty noted that with digital aid, people from all strata [...]
KOLKATA BULLION OPENING
Kolkata, Jan.11(PTI): SILVER RDY.(BAR) : Rs.60,600.00 Per Kg.SILVER RDY.(PORTION) : Rs.60,700.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,100.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.45,650.00 Per 10 Gms.HALLMARKED GOLD(22-CT) RDY. : Rs.46,350.00 Per 10 Gms. ---- PTI SAM
DMI Finance raises $47 mn from Sumitomo Mitsui Trust Bank, others
Mumbai, Jan 11 (PTI) Non-banking lender DMI Finance has raised USD 47 million in equity investment led by new investor Japanese financial powerhouse Sumitomo Mitsui Trust Bank and existing investors New Investment Solutions and NXC Corporation, taking its overall equity base to USD 500 million now. The Delhi-based DMI Finance, which has been in operations [...]
Pepper Farms raises USD 1 mn as seed funding to grow business
New Delhi, Jan 11 (PTI) Agritech startup Pepper Farms has raised USD 1 million (around Rs 7.39 crore) from investors to grow its business. The startup helps farmers organise vegetable production lifecycle starting with plantations until harvest and sales. In a statement, Pepper Farms said it has secured USD 1 million in a seed funding round led [...]
Global Omnichannel Survey Platform Leader Voxco Acquires Actify Data Labs, a True North Company
MUMBAI, India, Jan. 11, 2022 /PRNewswire/ -- True North today announced the signing of a definitive agreement to sell its entire stake in Actify Data Labs, a greenfield data-driven analytics company, to Voxco, a global omni-channel survey platform. Headquartered in Bengaluru, Actify Data Labs is an augmented intelligence company that delivers rapid business impact using [...]
Arabian Camels ‘Antara’ Movie NFT Drop on Jan 12
Mumbai- January 11, 2022--- Arabian Camels, an NFT community that is creating a Hollywood movie “Antara” based on the life of ancient Arabian knight Antarah Ibn Shaddad, today announced its NFT drop on January 12, with the integration of cryptocurrency exchange MoonPay. The intergration will allow individuals to buy Ethereum from its official website powered [...]
LTI Partners with Securonix & Snowflake to Strengthen Cybersecurity Offerings
Collaboration to augment LTI's Active XDR Platform MUMBAI, India, Jan. 11, 2022 /PRNewswire/ -- Larsen & Toubro Infotech (BSE: 540005) (NSE: LTI), a global technology consulting and digital solutions company has partnered with Securonix, a leader in next-gen Security Information and Event Management (SIEM) company, and Snowflake, a leader in secure cloud workload to strengthen [...]
JSW Steel says group’s combined output grows 28% to over 5 MT in Oct-Dec
New Delhi, Jan 11 (PTI) JSW Steel on Tuesday posted a 28 per cent year-on-year growth in group combined steel production at 5.35 million tonnes (MT) during the quarter ended December 30, 2021. In a statement, the JSW Group company said it had produced 4.18 MT in the October-December period of the [...]
Waste management-focused Recykal raises USD 22 mn from Morgan Stanley, others
Mumbai, Jan 11 (PTI) Waste management-focused startup Recykal on Tuesday announced a USD 22 million (around Rs 162.58 crore) fund raise led by Morgan Stanley India. Existing investors Circulate Capital, Vellayan Subbiah, and Arun Venkatachalam from the Murugappa family also participated in the fund raising, which will be deployed for expansion of services pan-India, hiring [...]
Nuvepro Challenge Labs supports TCS in helping employees assess their tech skills
- 100K employees take practical and hands-on skill assessment through hackathons on production like environments - Assessments cover a range of technologies, such as AI, ML, AWS, Microsoft Azure and GCP BANGALORE, India, Jan. 11, 2022 /PRNewswire/ -- Nuvepro, the leader in Hands-On Labs provider, today announced that Tata Consultancy Services (TCS) (BSE: 532540) (NSE: [...]
Vodafone Idea shares crack nearly 19%
Vodafone Idea has opted for converting Rs. 16,000 crore interest dues to the government into equity at a par value of Rs. 10 per share.This will make the government one of the biggest shareholders of Vi, with 35.8% holding.Vi’s business has suffered a lot, especially after it started to lose customers to bigger rivals like [...]
WTO General Council discusses India’s call for holding virtual ministerial meet on pandemic response
New Delhi, Jan 11 (PTI) The WTO's General Council has discussed India's call to convene a virtual ministerial meeting on the World Trade Organisation's response to the COVID-19 pandemic, including the patent waiver proposal. India on December 23, 2021 sent a letter to the General Council Chair to hold a virtual ministerial meeting on the [...]
Curadev Pharma joins NBEC to boost Indian Biotech Startups: Sponsors Cash Prize and potential investment opportunity to selected winners
NOIDA, India, Jan. 11, 2022 /PRNewswire/ -- As part of our 'Recognizing Excellence' initiative, Curadev took part in the National Bio Entrepreneurship Competition (NBEC) that was launched on 16th August 2021. Senior members of Curadev were members of the jury that assessed 320 short-listed applications and ideas that came from students with business concepts and [...]
Microland Has Earned the Microsoft Azure Virtual Desktop Advanced Specialization
This specialization demonstrates our expertise in assessment, design, implementation, and optimization of virtual desktop infrastructure in Azure ATLANTA, BENGALURU, India and LONDON, Jan. 11, 2022 /PRNewswire/ -- Microland, a global digital transformation leader, today announced it has earned the Microsoft Azure Virtual Desktop (formerly Windows Virtual Desktop) advanced specialization, a validation of a partner's deep [...]
Colt Data Centre Services set for major growth spur, securing ten new sites across Europe & APAC
LONDON, Jan. 10, 2022 /PRNewswire/ -- Colt Data Centre Services (DCS), a leading provider of global hyperscale and large enterprise data centre solutions, today announced that it has secured ten new parcels of land across Europe and APAC for the development of greenfield hyperscale data centres. These include sites in London, Frankfurt, Paris and Japan. [...]
DB Schenker starts direct weekly chartered freighter services to Munich, Chicago from Bengaluru
Mumbai, Jan 11 (PTI) Global logistics services provider DB Schenker on Tuesday announced the expansion of its global flight operations in India with a direct weekly chartered freighter service, connecting Munich and Chicago Rockford airports from Bengaluru. The company, owned by the Deutsche Bahn Group, already operates such chartered freighter services to Mumbai and Chennai [...]
Govt to get 35.8% stake in debt-ridden Vodafone Idea in lieu of dues liability
New Delhi, Jan 11 (PTI) Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore interest dues liability payable to the government into equity, which will amount to around 35.8 per cent stake in the company, as per a regulatory filing of the telecom firm. The loss-making company has proposed to [...]
Rupee gains 13 paise to 73.92 against US dollar in early trade
Mumbai, Jan 11 (PTI) The rupee appreciated by 13 paise to 73.92 against the US dollar in opening trade on Tuesday, supported by the weakening of the American currency in the overseas market. At the interbank foreign exchange, the rupee opened at 73.94 against the American dollar, then inched higher to quote 73.92, registering a [...]
Business Schedule for Tuesday, Jan 11
DELHI: * India Digital Summit - TRAI Chairman (11.00 hrs) - Dream11 CEO Harsh Jain (11.00 hrs) - UIDAI CEO Saurabh Garg(11.55 hrs) - R S Sharma (12.50 hrs) - upGrad MD (14.30 hrs) - Nykaa co-founder (16.20 hrs) * Economist Arvind Virmani, others at PHDCCI interaction on 'Shadow Budget' [...]
Sensex revisits 60,500-level in opening deals; Nifty tops 18,000
Mumbai, Jan 11 (PTI) The BSE Sensex advanced over 100 points to recapture the 60,500-level in the opening session on Tuesday, helped by buying mainly in financials and IT shares. The 30-share benchmark started fighting bouts of volatility in opening deals but managed to trade in the green and was trading higher by 104.68 or [...]
Blackstone exits Mindspace Business Parks REIT; Sells stake for Rs 1,740 cr
New Delhi, Jan 10 (PTI) Global investment firm Blackstone has sold its entire 9.16 per cent stake in Mindspace Business Parks REIT for Rs 1,740 crore through an open market transaction. The units were purchased by Platinum Illumination Trust in a bulk deal on stock exchanges. As per BSE's bulk deal data, Platinum Illumination A [...]
Trinity Alternative Investments says no illicit transactions with Srei Group entities
Mumbai, Jan 10 (PTI) Trinity Alternative Investment Managers, majority-owned by Srei Infra Finance which is undergoing RBI-mandated insolvency proceedings, has said no illicit transactions have been done with any Srei Group entities. Trinity also said that none of the extant rules define related-party transactions when it comes to Alternative Investment Funds (AIFs) and that Srei [...]
Rajasthan govt hikes RSGSM’s sugarcane procurement rate by Rs 50 per quintal for season 2021-22
Jaipur, Jan 10 (PTI) Rajasthan Chief Minister Ashok Gehlot has approved a Rs 50 per quintal hike in the purchase price of sugarcane by Rajasthan State Ganganagar Sugar Mills (RSGSM) for the crushing season 2021-22.Sugarcane growing farmers were demanding to increase the purchase rate of sugarcane, following which the chief minister decided to increase the [...]
Business briefs 3
NSE to launch derivatives on mid-cap stocks index from Jan 24 Mumbai, Jan 10 (PTI) The National Stock Exchange (NSE) on Monday said it has received the Sebi approval to launch derivatives on the Nifty mid-cap select index and that the same will be launched from January 24. Nifty midcap select index aims to track [...]
NRAI says new DDMA guidelines on Delhi restaurants not sustainable
New Delhi, Jan 10 (PTI) National Restaurant Association of India on Monday said the new DDMA guidelines that prohibit dining in restaurants in the National Capital while allowing only deliveries are completely unsustainable and asked the state government to compensate for the loss of business.Stating that with the latest order by the Delhi Disaster Management [...]
Private Life Insurers posts 14% growth in individual annual premium equivalent during Q3: Report
Mumbai, Jan 10 (PTI) Private sector life insurers have ended the third quarter on a healthy footing with a 14 per cent growth in individual annual premium equivalent (APE), according to a report. This has helped the industry clock an 11 per cent growth between April and December, according to the report by Kotak Institutional [...]
Nepal Power Exchange Ltd signs deal with India’s Manikaran Power to sell electricity
Kathmandu, Jan 10 (PTI) Nepal Power Exchange Ltd (NPEL) on Monday signed a trading agreement with India's Manikaran Power Ltd under which it will sell electricity produced by the domestic private sector to India via the Indian energy firm.The NPEL is a subsidiary of Independent Power Producers' Association of Nepal (IPPAN), a non-profit, non-government autonomous [...]
Govt optimistic of taking ONDC global: DPIIT official
New Delhi, Jan 10 (PTI) The government's intention is not to get into business but create standards through the Open Network for Digital Commerce (ONDC) that it expects will be adopted by the global e-commerce ecosystem, a senior DPIIT official said on Monday. At the Start-up India Innovation week panel discussion, Anil Agrawal, additional secretary [...]
Nepal Power Exchange signs trading agreement with India’s Manikaran Power
Kathmandu, Jan 10 (PTI) Nepal Power Exchange Ltd on Monday signed a trading agreement with India's Manikaran Power Ltd under which it will sell electricity produced by the domestic private sector to India via the Indian energy firm.Nepal Power Exchange Ltd (NPE) is a subsidiary of Independent Power Producers' Association of Nepal (IPPAN), a non-profit, [...]
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