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Agrochemical stock jumps 4% after board to consider bonus issue, dividend and expansion
The shares of this hybrid seeds manufacturer gained up to 4 percent after the company’s board scheduled a meeting for a Bonus issue, expansion plan, and dividend. With a market capitalization of Rs 353.63 crore, the shares of Nirman Agri Genetics Limited were trading at Rs 441.50 per share, increasing around 3 percent as compared [...]
Smallcap stock jumps 8% after receiving order worth ₹ 2,700 Cr from Saudi Water Authority
The shares of this smallcap company surged around 8 percent in Friday’s trading session after receiving an order worth Rs. 2,700 crores from Saudi Water Authority. On a YTD basis, the stock has delivered more than a 100 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 8,421 crores, the shares [...]
Stock hits 5% upper circuit after strategic partnership with PG Electroplast
Multibagger stock engaged in manufacturing, procurement, branding, and distribution of consumer durables like televisions, mobile phones, Smart Wearables, and many more hit a 5 percent upper circuit in the day’s trade following strategic partnership with PG Electroplast Price Action With a market capitalization of Rs. 990 Crores, the shares of Cellecor Gadgets Limited hit a [...]
Stock under ₹ 70 hits 5% upper circuit after entering into JV for 3 highway projects worth ₹ 1,057 Cr
The shares of the civil construction company hit 5 percent upper circuit of Rs 62.41 apiece after the company entered into a joint venture for 3 national highways projects worth Rs 1,057.3 crore. With a market capitalization of Rs 345.48 crore, the shares of Udayshivakumar Infra Ltd were trading at Rs 62.41 per share, increasing [...]
Monopoly stock jumps 7% after it expands business to highway dining
The shares of this smallcap company surged around 7 percent in Friday’s trading session after announcing its foray into the highway dining for travellers. Price Movement: With a market capitalization of Rs. 2,635 crores, the shares of Dreamfolks Services Ltd started Friday’s trading session on a higher note at Rs. 494.05 compared to its previous [...]
Infra stock jumps 5% after receiving order worth ₹ 1,423 Cr for transmission line in Saudi Arabia
The shares of the infrastructure company gained up to 5 percent after the company received a new work order worth Rs 1,423 crore from Saudi Arabia. K E C International Ltd has a market capitalization of Rs 26,194.73 crore, the shares were trading at Rs 1,016.95 per share, increasing around 3 percent as compared to [...]
Microcap defence stocks under ₹ 500 to add to your watchlist
The Indian defence industry plays a crucial role in the nation's economy and stock market. Increased defence spending by the government is likely to boost demand for defence products and services, benefiting defence companies. Additionally, initiatives like "Make in India" and "Atmanirbhar Bharat" are driving efforts to enhance local manufacturing and reduce dependence on foreign [...]
Large cap stock to buy now for an upside of 35%; Do you own it?
India's online services sector is quickly developing, with more than 900 million internet users by 2023. The e-commerce market is expected to reach ₹7.5 trillion (about $90 billion) by 2025. This expansion is supported by increased mobile access and government efforts such as Digital India, which improve digital infrastructure across the country. With a market [...]
Newly listed stock jumps 8% after it inaugurates new manufacturing plant in AP
Shares of a newly listed company specializing in turnkey pre-engineered steel construction surged nearly 8 percent to Rs.1,218.85 per share after inaugurating a new plant, increasing capacity by 20,000 MT. Share Price Movement In Thursday’s trading session, Interarch Building Products Ltd’s share price surged 7.66 percent to an intra-day high of Rs.1,218.85 per share from [...]
Hidden Gem: Defence stock that manufactures bulletproof jackets and helmets for Indian Army
The defence industry in India is a significant contributor to the nation's economy and stock market. The Indian government has been increasing defence spending, potentially leading to increased demand for defence products and services, benefiting defence companies. Listed below is one such microcap company that manufactures Bulletproof jackets and helmets for the armed forces: Atmastco [...]
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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 [...]
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Business briefs 2
Axis Bank executes maiden domestic trade transaction on Secured Logistics Document Exchange Mumbai, Jan 10 (PTI) Private sector lender Axis Bank on Monday said it has executed a maiden domestic trade transaction on Government of India-backed blockchain platform, Secured Logistics Document Exchange (SLDE). The transaction, between Arcelor Mittal Nippon Steel India and Lalit Pipes & [...]
India Inc’s Overseas Direct Investment dips over 8% to USD 2.05 bn in Dec 21
Mumbai, Jan 10 (PTI) Outward foreign direct investment by Indian companies fell by over 8 per cent to USD 2.05 billion in December 2021 in the current fiscal, data from the Reserve Bank of India (RBI) showed on Monday. The domestic companies had invested USD 2.23 billion in their overseas joint ventures and fully-owned subsidiaries [...]
Business briefs
*IDBI Bank starts offering products benchmarked to ARRs Mumbai, Jan 10 (PTI) IDBI Bank on Monday said it has started offering products benchmarked to Alternative Reference Rates (ARRs) by replacing the London Inter-Bank Offered Rate (LIBOR) in line with regulatory guidelines. All the new transactions are being referenced to the ARRs with effect from [...]
‘Third country’ should not interfere in China-Sri Lanka ties: Wang Yi
Beijing, Jan 10 (PTI) Chinese Foreign Minister Wang Yi, who held talks with Sri Lanka's top leadership on Sunday, has said that no "third country" should "interfere" in their close ties, in an apparent reference to India’s concerns over Beijing’s big-ticket strategic projects in the island nation in the Indian Ocean.Wang, who travelled to Colombo [...]
Timex Group gets manufacturing, distribution rights for Guess & Gc branded watches in India
New Delhi, Jan 10 (PTI) Leading watchmaker Timex Group India Ltd on Monday said it has been granted manufacturing and distribution rights for Guess & Gc branded watches in the country. It has sealed a pact with Timex Nederland B.V. for the grant of manufacturing and distribution rights for the Indian market, Timex India said [...]
Platinum Illumination Trust buys Mindspace Business Parks REIT units worth Rs 1,740 crore
New Delhi, Jan 10 (PTI) Platinum Illumination Trust on Monday bought units of Mindspace Business Parks REIT worth Rs 1,740 crore through the open market transaction.As per BSE's bulk deal data, Platinum Illumination A 2018 Trust purchased over 5.43 crore units at an average price of Rs 320, valuing the deal at Rs 1,740 crore.Separately, [...]
115 companies file applications under PLI scheme for auto sector
New Delhi, Jan 10 (PTI) As many as 115 companies have filed applications to seek benefits under the production linked incentive (PLI) scheme for automobile and auto component sector, the heavy industries ministry said on Monday. The scheme was notified on September 23, 2021. The scheme was open for receiving applications till January 9, 2022. [...]
Total employment in nine sectors rose to 3.10 cr in 2021 September quarter: Labour ministry survey
New Delhi, Jan 10 (PTI) Total employment in nine sectors rose to 3.10 crore during the July-September period of 2021, an increase of 2 lakh compared to June quarter last year, according to a quarterly employment survey released by the Union labour ministry on Monday. The higher employment number also reflects an improvement in economic [...]
Thinkly to host voices of Nobel laureates
Mumbai, Jan 10 (PTI) Thinkly, which pitches itself as a social media platform for thought-provoking content, is all set to host voices of 50 Noble laureates, a top company official has said. The platform, which had raised an undisclosed sum as funding from the city-based venture capital firm Equanimity Investments in August, recently secured the [...]
Total employment in 9 select sectors rose to 3.10 cr in July-Sep 2021
New Delhi, Jan 10 (PTI) Total employment in nine select sectors stood at 3.10 crore in the July-September 2021 quarter, which is 2 lakh more than that of the April-June period, according to a quarterly employment survey by the labour ministry released on Monday. The Quarterly Employment Survey (QES) report released by Union Labour Minister [...]
Business highlights
New Delhi, Jan 10 (PTI) Following are the top business stories at 2030 hours: DEL31 BIZ-LD STOCKS Sensex zooms 651 pts; Nifty recaptures 18,000-level ahead of Q3 results season Mumbai:The BSE Sensex shot up over 650 points to surge past the 60,000-level while the NSE Nifty settled above 18,000 on Monday as participants showed keen [...]
Domestic air passenger traffic at 111 lakh in Dec; up 52 pc y-o-y: Report
Mumbai, Jan 10 (PTI) Domestic air passenger traffic remained 44 per cent lower in the April-December 2021 period against the corresponding period of FY20, but saw a jump of 52 per cent year-on-year to 111 lakh in December 2021, according to rating agency ICRA. The total domestic passenger traffic had stood at 73 lakh in [...]
Non-life insurance companies register over 7% rise in gross premium at Rs 18,953 cr in Dec 2021
New Delhi, Jan 10 (PTI) The gross direct premium underwritten by non-life insurance companies grew by 7.3 per cent to Rs 18,953.09 crore in December 2021, data from Irdai showed on Monday. The non-life insurance companies had underwritten gross premium valuing at Rs 17,662.32 crore in December 2020. In a break-up, the 24 general insurance [...]
India, Korea to hold discussions on Tuesday on ways to boost trade, investments
New Delhi, Jan 10 (PTI) Issues such as addressing the large trade deficit, greater market access and non-tariff barriers faced by Indian exporters will figure in the meeting of trade ministers of India and Korea on Tuesday, an official statement said on Monday. The meeting will be held between Commerce and Industry Minister Piyush Goyal [...]
Equity MFs inflow surges to Rs 25,000-cr in Dec on strong SIP book
New Delhi, Jan 10 (PTI) Flows into equity mutual funds more than doubled to Rs 25,000 crore in December on strong SIP (systematic investment plan) numbers and robust inflow into multi-cap fund category. This was also the 10th consecutive monthly net inflow, data with Association of Mutual Funds in India (Amfi) showed on Monday. In comparison, equity [...]
China guarded on Sri Lankan President’s appeal for restructuring debt repayments
Beijing, Jan 10 (PTI) China on Monday reacted cautiously to Sri Lankan President Gotabaya Rajapaksa's request for Beijing’s assistance in mitigating his country’s deepening forex crisis and spiralling external debt, saying it will help Colombo to the best of its capacity.President Rajapaksa in his meeting with Chinese Foreign Minister Wang Yi in Colombo on Sunday [...]
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 [...]
Copyright suit filed against Fortis Healthcare, others in US; seeks damages in excess of USD 6.5 bn
New Delhi, Jan 10 (PTI) Fortis Healthcare on Monday said a US-based entity has filed a suit against it and various others, including IHH Healthcare Berhad, for alleged "copyright infringement and tortious interference with contracts", seeking damages in excess of USD 6.5 billion. Emqore Envesecure, a trust settled under the laws of Wyoming, has filed [...]
Coliving marketplace Crib raises USD 4,00,000 for biz expansion
New Delhi, Jan 10 (PTI) Startup Crib, a marketplace for co-living segment, on Monday said it has raised USD 400,000 (about Rs 2.9 crore) to expand its business.The pre-seed funding round was led by Pranay Gupta (Co-founder, 91Springboard) through his AngelList syndicate 91Ventures.The round also saw participation from BlackSoil Capital along with other angel investors.Headquartered in Gurugram, Crib is [...]
Industry should join efforts in making TN a one trillion dollar economy: CM
Chennai, Jan 10 (PTI) Assuring his government’s support to the industry in overcoming new challenges, Tamil Nadu Chief Minister M K Stalin on Monday urged the captains of industry to explore new opportunities and join the government efforts in making the State a one trillion dollar economy by 2030. The Tamil Nadu Startup and Innovation [...]
Bullion rates
Bengaluru, Jan 10 (PTI) Closing bullion rates on Monday: Standard gold [99.5 purity] Rs 49,050 per 10 grams; Ornament gold Rs 4,574 per gram; Silverspot [.999 fineness] Rs 61,900 per kg. PTI DVR HDA HDA
Telcos’ gross revenues dip 1.36% in Jul-Sep 2021 to Rs 67,300 cr, AGR up 17%
New Delhi, Jan 10 (PTI) Telecom service providers' gross revenue declined by 1.36 per cent on a year-on-year basis to Rs 67,300 crore in the July-September 2021 quarter, according to a Trai report released on Monday. Telecom service providers (TSPs) had posted gross revenue of Rs 68,228 crore in the same quarter a year ago, [...]
‘Third country’ should not interfere in China-Sri Lanka ties: Wang Yi
Beijing, Jan 10 (PTI) Chinese Foreign Minister Wang Yi, who held talks with Sri Lanka's top leadership on Sunday, has said that no "third country" should "interfere" in the close ties between Beijing and Colombo, in an apparent reference to India’s concerns over Beijing’s big-ticket strategic projects in the island nation in the Indian Ocean.Wang, [...]
Pushback tractor catches fire at Mumbai airport; no casualty or damage
Mumbai, Jan 10 (PTI) An aircraft towing tractor caught fire at the Mumbai airport just prior to the departure of an Air India flight to Jamnagar, delaying its take off by around 15 minutes on Monday, a source said. There was, however, no harm to any person or damage to the aircraft in the incident [...]
Vedanta rolls out massive vaccination drive for children of employees in age group of 15-18 yrs
New Delhi, Jan 10 (PTI) Vedanta on Monday announced rolling out of a massive vaccination drive across its locations to cover children of all employees and business partners in the eligible age bracket of 15-18 years. The initiative also includes putting up community vaccination camps for children in this age group in Mumbai and Delhi, [...]
Maruti Suzuki India says 8 models among top 10 passenger vehicles list of 2021
New Delhi, Jan 10 (PTI) Maruti Suzuki India (MSI) on Monday said eight of its models featured in the top 10 passenger vehicles list of last year. This is for the first time that eight models of the company made it to the top 10 list in a calendar year, MSI said in a statement. [...]
Paytm records over 4-fold jump in loan disbursals in Oct-Dec 2021
New Delhi, Jan 10 (PTI) Digital payments firm Paytm on Monday posted over four-fold jump in loan disbursals from its platform both in terms of numbers and value in the quarter ended December 31, 2021. Paytm disbursed 44 lakh loans worth Rs 2,180 crore during the quarter as compared to 8.81 lakh loans worth Rs [...]
IFCI Venture to soon launch mission to promote young entrepreneurs from scheduled caste segment
New Delhi, Jan 10 (PTI) IFCI Venture Capital Funds will soon launch a mission for young entrepreneurs from scheduled caste segment to support and promote their business ideas and innovation, its Managing Director S Tomar said on Monday.IFCI Venture Capital Funds is a subsidiary of IFCI Ltd.It presently manages five venture capital funds – the [...]
SJVN gets category ‘I’ licence for inter-state trading of electricity across India
New Delhi, Jan 10 (PTI) State-owned SJVN Ltd on Monday said it has been given category 'I' licence for the inter-state trading of power in the entire country by the Central Electricity Regulatory Commission. "The company has been granted a category 'I' licence for inter-state trading in electricity in the whole of India by the [...]
NCLAT rejects petitions against Ola in alleged predatory pricing matter
New Delhi, Jan 10 (PTI) The National Company Law Appellate Tribunal (NCLAT) has rejected petitions filed by ride sharing players Meru and Fast Track Call Cab against Ola alleging predatory pricing ways and anti-competitive practices in Bengaluru market. The appeals were filed by the entities against ANI Technologies, which run the app-based taxi service under [...]
Cargill opens innovation centre for developing solutions for F&B market
New Delhi, Jan 10 (PTI)Global food major Cargill on Monday said it has opened its first innovation centre in India to develop solutions for the food and beverage market.The first Cargill Innovation Center at Gurugram in Haryana, spread over almost 17,000 square feet, includes a sensory lab and demonstration kitchen, with capabilities to serve dairy, [...]
Third wave to push revenue recovery for Multiplexes by 5 months: Report
Mumbai, Jan 10 (PTI) The third wave will push the recovery in multiplexes by up to five months as governments resort to the temporary closure of movie halls to contain the spread of the COVID wave, a domestic rating agency said on Monday. The full revenue recovery of the multiplexes will be pushed back to [...]
Domestic air passenger traffic at 111 lakh in Dec; up 52 pc y-o-y: Report
Mumbai, Jan 10 (PTI) Domestic air passenger traffic remained 44 per cent lower in the April-December 2021 against the corresponding period of FY20, but saw a jump of 52 per cent year-on-year to 111 lakh in December 2021, according to rating agency ICRA. The total domestic passenger traffic had stood at 73 lakh in December [...]
ED attaches assets of Kerala man who duped investors of Rs 1,200 cr by offering cryptocurrency
New Delhi, Jan 10 (PTI) The Enforcement Directorate on Monday said it has attached assets of a Kerala-based businessman who allegedly cheated over 900 investors to the tune of Rs 1,200 crore in the name of offering cryptocurrency to them.The action by the federal anti-money laundering agency has been taken against Nishad K and his [...]
Govt’s paddy procurement reaches 532.86 lakh tons so far in 2021-22 season
New Delhi, Jan 10 (PTI) The Centre has procured 532.86 lakh tonnes of paddy so far in the ongoing 2021-22 marketing year season, with maximum quantities being purchased from Punjab, the Union food ministry said on Monday. "Till now, about 64.07 lakh farmers have been benefited with an MSP (minimum support price) value of Rs [...]
NSE to launch derivatives on mid-cap stocks index from Jan 24
New Delhi, Jan 10 (PTI) Leading stock exchange NSE on Monday said it will launch derivatives on the Nifty Midcap Select Index from January 24. The exchange announced that it has secured approval from market regulator Securities Exchange Board of India (Sebi) to launch derivatives on the index. Nifty Midcap Select Index aims to track [...]
Govt’s paddy procurement reaches 532.86 lakh tons so far in 2021-22 season
New Delhi, Jan 10 (PTI) The Centre has procured 532.86 lakh tonnes of paddy so far in the ongoing 2021-22 marketing year season, with maximum quantities being purchased from Punjab, the Union food ministry said on Monday. "Till now, about 64.07 lakh farmers have been benefited with an MSP (minimum support price) value of Rs [...]
NSE to launch Derivatives on Mid-cap stocks index from Jan 24
New Delhi, Jan 10 (PTI) Leading stock exchange NSE on Monday said it will launch derivatives on the Nifty Midcap Select Index from January 24. The exchange announced that it has secured approval from market regulator Securities Exchange Board of India (Sebi) to launch derivatives on the index. Nifty Midcap Select Index aims to track [...]
PTC India bags tender to provide power management services to Mumbai Port Trust
New Delhi, Jan 10 (PTI) PTC India has bagged a tender worth Rs 9 crore for providing power management services to Mumbai Port Trust for three years. Rajib K Mishra, CMD In-Charge of PTC India, said the company has won the assignment by outbidding other large players operating in this field. Distribution management services is [...]
Sebi puts in place framework for operationalising gold exchange
New Delhi, Jan 10 (PTI) Capital markets regulator Sebi on Monday came out with a framework for operationalising the gold exchange, wherein the yellow metal will be traded in the form of electronic gold receipts (EGRs). The stock exchange desirous of trading in EGRs may apply to Sebi for approval of trading in the new [...]
Ginesys to invest USD 10 mn in CASA Retail AI
New Delhi, Jan 10 (PTI) Ginesys, an end-to-end technology solutions provider for retail businesses, on Monday said it will invest USD 10 million (about Rs 74 crore) over the next three years in CASA retail AI. "The strategic investment will combine CASA's omni-channel AI-driven customer retention and delight platform with Ginesys's industry-leading end-to-end retail ERP, [...]
Govt puts curbs on export of Enoxaparin
New Delhi, Jan 10 (PTI) The government on Monday imposed curbs on export of Enoxaparin, used to treat or prevent certain types of blood clot, with immediate effect. It has also put restrictions on exports of intra-venous immunoglobulin. Immunoglobulin is a component of blood's plasma. Exporters of these products have to obtain permission or licence [...]
LoveLocal plans to create about 300 job opportunities by FY2022-23
New Delhi, Jan 10 (PTI) Hyperlocal e-commerce platform LoveLocal on Monday said it plans to create about 300 job opportunities by the end of FY2022-23 across the organisation.The company plans to create about 300 job opportunities across all departments with an immediate focus on product, engineering and tech roles, a statement said.The new hires will [...]
Bengal realty sector seeks extension of stamp duty, circle rate benefit till March
Kolkata, Jan 10 (PTI) The realty sector of West Bengal on Monday sought extension of the benefit of 2 per cent reduction on stamp duty and 10 per cent relaxation on circle rate till March 31.The state government has offered the benefit till January 31.“We have made a representation to the state government urging extension [...]
Five Star Business Finance, Waaree Energies get Sebi’s nod to float IPOs
New Delhi, Jan 10 (PTI) Non-banking financial company Five Star Business Finance and solar energy player Waaree Energies have received capital markets regulator Sebi's go-ahead to raise funds through initial share-sales. The two companies, which filed their preliminary IPO documents with Sebi between September and November, obtained its "observations" letter during January 3-7, an update [...]
TCS shares settle with nearly 1 pc gain
New Delhi, Jan 10 (PTI) Shares of Tata Consultancy Services on Monday settled with nearly 1 per cent gain after the company said its board will consider a buyback proposal on January 12.The stock gained 3.24 per cent to trade at Rs 3,979.90 during the day on BSE. It settled at Rs 3,879.35, up 0.64 [...]
BikeWo ropes in Southern movie star Venkatesh Daggubati as strategic investor, lead brand ambassador
Mumbai, Jan 10 (PTI) Hyderabad-based electric two-wheeler charging infra provider BikeWo on Monday said it has roped in Southern movie star Venkatesh Daggubati as a strategic investor besides appointing him as the lead brand ambassador. This will be a long-term collaboration that will help the brand grow and scale in order to meet its ambitious [...]
HarperCollins is proud to announce the forthcoming publication of the autobiography of an iconic business leader
- Indomitable: A Working Woman's Notes on Life, Work and Leadership by Arundhati Bhattacharya - Of Small Towns, Big Dreams and Greater Achievements NEW DELHI, Jan. 10, 2022 /PRNewswire/ -- Growing up in the sleepy towns of Bhilai and Bokaro, Arundhati Bhattacharya never imagined that one day she would go on to chair India's largest [...]
India’s First Passive Crypto Investment App Flint money, Opens its Waitlist for High Returns on Crypto without any Lock-ins
Started by Ex-CRED team, Flint money’s early access is now available to over 25,000 customers via the waitlist New Delhi, Delhi, India (NewsVoir) Flint.money, India’s first platform providing passive exposure to crypto, which goes beyond just buying & selling coins, opens early access to this unique investment opportunity. The company offers simple diversification to crypto [...]
Domestic air passenger traffic at 111 lakh in Apr-Dec; 44% lower against Apr-Dec 2019
According to rating agency ICRA, domestic air passenger traffic remained 44 per cent lower in April-December 2021 to 111 lakh against the corresponding period of FY20.The emergence of new coronavirus variants and reactionary restrictions impacting air travel remain near term-challenges for the airline industry.The aviation turbine fuel (ATF) prices have seen a sharp increase of [...]
Rupee spurts 29 paise to 74.05 against US dollar
Mumbai, Jan 10 (PTI) Rising for the second straight session, the rupee surged by 29 paise to close at 74.05 against the US dollar on Monday amid robust buying in domestic equities. At the interbank forex market, the local unit opened strong at 74.15 against the greenback and witnessed an intra-day high of 74.03 and [...]
KVIC to sell paper slippers for devotees, workers of Kashi Vishwanath Temple
New Delhi, Jan 10 (PTI) The MSME ministry on Monday said Khadi and Village Industries Commission (KVIC) will start selling Khadi handmade paper slippers from January 14 for the devotees and workers of the Kashi Vishwanath Temple in Varanasi.These slippers will be sold from the Khadi sales outlet located at the Kashi Vishwanath Corridor, it [...]
MG Motor India EV sales up 145% to 2,798 units in 2021
Mumbai, Jan 10 (PTI) MG Motor India EV sales spiked 145 per cent to 2,798 units in calender year 2021 amid a gradual shift towards electric vehicles in the country, the company said on Monday. The company had sold a total of 1,142 units in 2020. Currently, the company has one electric sports utility vehicle [...]
Startups can play important role to socialise, democratise availability of healthcare: Goyal
New Delhi, Jan 10 (PTI) Commerce and Industry Minister Piyush Goyal on Monday said startups can play a key role to socialise and democratise the availability of healthcare across the globe at a time when the world is grappling with the coronavirus pandemic.He also said that entrepreneurs should also focus on strengthening the make in [...]
Decarbonisation to see $395 bn capex by 2030: Report
Mumbai, Jan 10 (PTI) As the country moves more aggressively towards its decarbonisation goals with the overall energy economy shifting towards greener fuels, a Wall Street brokerage has said this space will see a capex of USD 395 billion by 2030. At COP21 in Paris, as part of its nationally determined contributions, New Delhi had [...]
Bayer CropScience MD D Narain takes additional role as global head of smallholder farming for Bayer
New Delhi, Jan 10 (PTI) Global pharma and chemicals major Bayer on Monday said it has enhanced leadership roles for two senior executives from India team -- D Narain and Simon Thorsten Wiebusch. D Narain, who is currently president of Bayer South Asia and MD of Bayer CropScience Ltd, will take on additional leadership responsibilities [...]
NSRCEL selects seven healthcare startups for final-stage incubation programme
New Delhi, Jan 10 (PTI) NSRCEL, the startup hub at IIM Bangalore, on Monday said it has selected seven early-stage healthcare startups for the final stage of the incubation programme to start their "lab to market" journey.The seven healthcare startups -- MedPiper Technologies, Dial4242 Ambulance Services, Dockare, Daffodil Health, Onward Assist, MayaMD and NeuroLeap -- [...]
MUMBAI, JAN 10
(PTI) MUMBAI BULLION :- OPENING CLOSING SILVER SPOT (IN RS PER KILO) : 60054.00 60351.00 STANDARD GOLD (99.5) : 47328.00 47436.00 PURE GOLD (99.9) : 47518.00 47627.00 -------------------------- PTI MUM SVC SVC SVC
Altigreen, Massive Mobility tie up to install 25,000 on-demand charging stations in 2 yrs
Mumbai, Jan 10 (PTI) Commercial EV maker Altigreen has joined hands with EV charging solutions start-up Massive Mobility to install 25,000 on-demand charging stations in the next two years, according to a statement released on Monday. Bengaluru-based Altigreen is already catalysing the EV ecosystem and last-mile delivery in the country with its on-road commercial electric [...]
Sensex zooms 651 pts; Nifty recaptures 18,000-level ahead of Q3 results season
Mumbai, Jan 10 (PTI) The BSE Sensex shot up over 650 points to surge past the 60,000-level while the NSE Nifty settled above 18,000 on Monday as participants showed keen interest in IT and financial shares ahead of the Q3 earnings season. Rising for the second straight session, the 30-share BSE benchmark hit the day's [...]
Beverage Brand Lahori Secures USD 15 Million Series A Funding from Verlinvest
Lahori will use the fund to expand production capacity and towards accelerating branding and marketing efforts New Delhi, Delhi, India (NewsVoir) Punjab-based beverage startup Lahori has raised $15 million funding from Belgium-based consumer focused investor Verlinvest for an undisclosed minority stake. Lahori will use the funds to double down on its brand’s growth through offline [...]
PVLF Excellence Awards – The First 100 Percent Data Driven Awards
Mumbai, Maharashtra, Bangalore, Karnataka, New Delhi, Delhi, India – Business Wire India In its mission to promote literary works and industry, PragatiEVichaar Literature Festival initiated PVLF Excellence Awards. They are perhaps the first 100% authentic awards and are driven by data and numbers. Frontlist Media joined hands with the Federation of Indian Publishers [FIP] and [...]
‘Observing Martyrdom Day of Sahibzadas as ‘Veer Bal Diwas’ a Welcome Move’: Parminder Singh Brar Thanks Prime Minister
Chandigarh, India (NewsVoir) BJP's leader Parminder Singh Brar has welcomed Prime Minister Narendra Modi's announcement to observe the martyrdom day of the ChhotteSahibzade of Guru Gobind Singh Sahib ji as 'Veer Bal Diwas' and thanked the Prime Minister for this announcement. In a statement issued here today, Brar said that the Prime Minister has announced [...]
MConnekt, the Exclusive Platform from MedPiper for the Healthcare Industry
MConnekt helps healthcare practitioners discover, connect, and track their professional engagements with hospitals and healthcare BANGALORE, India, Jan. 10, 2022 /PRNewswire/ -- MedPiper Technologies, the online healthtech eco-system for healthcare professionals, has introduced MConnekt, an online platform exclusively built for the healthcare industry. MConnekt is a web-based software that enables doctors to discover, connect, and [...]
Registration of homes in Kolkata down 10% in Dec; up 64% in 2021: Report
New Delhi, Jan 10 (PTI) Registration of housing properties in Kolkata region fell 10 per cent in December to 3,968 units but the numbers went up 64 per cent in the last calendar year to nearly 45,000 units, according to Knight Frank. Registration of homes in December 2020 stood at 4,422 units. During the entire [...]
Mirae Asset Mutual Fund launches New Fund Offer
- MIRAE ASSET Nifty India Manufacturing ETF (An open-ended scheme replicating/tracking Nifty India Manufacturing Total Return Index) - Mirae Asset Nifty India Manufacturing ETF FOF (An open-ended fund of fund scheme predominantly investing in Mirae Asset Nifty India Manufacturing ETF) MUMBAI, India, Jan. 10, 2022 /PRNewswire/ -- Mirae Asset Mutual Fund, one of the fastest [...]
Gold declines Rs 54; silver tanks Rs 178
New Delhi, Jan 10 (PTI) Gold in the national capital on Monday declined Rs 54 to Rs 46,448 per 10 grams in line with weak international precious metal prices along with rupee appreciation, according to HDFC Securities. The precious metal settled at Rs 46,502 per 10 grams in the previous trade. Silver also dipped by [...]
India Pavilion at Dubai Expo marks 100 days of hectic activities; woos over 7 lakh visitors
Dubai, Jan 10 (PTI) The India Pavilion at EXPO 2020 Dubai marked its 100th-day on Monday, becoming one of the most popular enclosures at 7,40,356 footfalls, showcasing the country's business potential as well as cultural and geographic diversity. On the occasion, Minister of Commerce & Industry Piyush Goyal tweeted, "100 glorious days of the India [...]
Sensex zooms 651 pts; Nifty recaptures 18,000-level ahead of Q3 results season
Mumbai, Jan 10 (PTI) The BSE Sensex shot up over 650 points to surge past the 60,000-level while the NSE Nifty settled above 18,000 on Monday as participants showed keen interest in IT and financial shares ahead of the Q3 earnings season. Rising for the second straight session, the 30-share BSE benchmark hit the day's [...]
Rupee gains 31 paise to close at 74.03 against US dollar
Mumbai, Jan 10 (PTI) The rupee surged 31 paise to close at 74.03 (provisional) against the US dollar on Monday amid robust buying in domestic equities. At the interbank forex market, the local unit opened strong at 74.15 against the greenback and witnessed an intra-day high of 74.03 and a low of 74.21. It finally [...]
India INX members can now access Moscow Exchange via GIFT City
New Delhi, Jan 10 (PTI) Sova Capital, a London-based emerging markets broker-dealer, on Monday said it has concluded a pact whereby it will offer members of India INX and their clients access to the Russian market. The partnership will create a cost-effective bridge for Indian investors to access trading on the Moscow Exchange (MOEX), Russia's [...]
COMMODITY PRICES
MUMBAI, JAN 10 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST.COPPER :- COPPER CABEL SCRAP 728.00 COPPER HEAVY SCRAPS 717.00 COPPER ARMATURE (CREDIT) 698.00 COPPER UTENSILS SCRAP 633.00 CC ROD 767.00 BRASS :- BRASS SHEET CUTTING 536.00 BRASS UTENSIL SCRAP 482.00 BRASS HONEY 475.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 185.00 ALUMINIUM EXTRUSION SCRAP 208.00 ALUMINIUM INGOTS [...]
Axis MF looks to collect Rs 500 cr from CPSE plus SDL 2025 index fund
Mumbai, Jan 10 (PTI) Axis Mutual Fund is targeting to garner Rs 500 crore from the CPSE Plus SDL debt index fund, which is a target maturity index fund with a benchmark maturity date of April 30, 2025, during the new fund offer. The new fund, which opens on January 10 and closes on January [...]
BGE-VEGETABLES
Bengaluru, Jan 10 (PTI) Following are Monday's vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 800-4500, Brinjal 400-7000, Tomato 300-4925, Bitter Gourd 2000-5500, Bottle Gourd 700-2500, Ash Gourd 1100-2000, Green Chilly 380-7000, Banana green 1000-3000, Beans 120-6000, Green Ginger 320-5000, Carrot 2975-8000, Cabbage 1200-5000, Ladies Finger 250-7500, Snake gourd 1000-2500, [...]
PRICES MUM OILSEEDS CLOSING
MUMBAI, JAN 10 (PTI) OILS (per 10 Kgs) Gr. Kernel 6600.00 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 6300.00 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 [...]
Nickel futures rise on firm spot demand
New Delhi, Jan 10 (PTI) Nickel prices on Monday rose 0.63 per cent to Rs 1,576.90 per kg in the futures trade as speculators built up fresh positions amid rising demand from alloy makers in the spot market. On the Multi Commodity Exchange, nickel contracts for the January delivery gained Rs 9.90, or 0.63 per [...]
Suzuki Motorcycle rolls out 6 millionth unit from Gurugram facility
New Delhi, Jan 10 (PTI) Suzuki Motorcycle India on Monday said it has rolled out six millionth vehicle from its Gurugram-based manufacturing facility.The company sells a range of products including Access 125, Gixxer 250 and 150 series, Burgman Street and the recently introduced Avenis 125."This year marks the completion of Suzuki Motorcycle India's 15 years [...]
Copper futures decline on tepid spot demand
New Delhi, Jan 10 (PTI) Copper prices on Monday fell 0.03 per cent to Rs 740.40 per kg in the futures trade, as participants trimmed their bets amid a weak trend in the domestic market. On the Multi Commodity Exchange, copper for delivery in January was trading lower by 25 paise, or 0.03 per cent, [...]
Zinc futures edge higher on robust demand
New Delhi, Jan 10 (PTI) Zinc prices on Monday rose Rs 1.10 to Rs 288.90 per kg in the futures trade, tracking a firm trend in physical markets. On the Multi Commodity Exchange, zinc contracts for January traded higher by Rs 1.10, or 0.38 per cent, to Rs 288.90 per kg with a business turnover [...]
Budget FY23: COVID-battered hospitality sector demands infra status for hotels
The hospitality industry has sought further relief on taxation from the government, as it is trying to recover from the slowdown caused by the pandemic.In its pre-Budget memorandum, the Hotel Association of India (HAI) said policy interventions are imperative for the sector’s survival and its early and quick rebound to normalcy.Infrastructure status will enable hotels [...]
HRAWI urges Maha govt to allow restaurants to remain open till 11 pm
New Delhi, Jan 10 (PTI) Hotel and Restaurant Association of Western India (HRAWI) has urged Maharashtra to allow establishments of the sector in the state to remain open up to 11 pm instead of 10 pm, saying businesses have put in a lot of effort to restart operations and the new COVID wave will debilitate [...]
Crude oil futures gain on higher demand
New Delhi, Jan 10 (PTI) Crude oil prices on Monday rose Rs 12 to Rs 5,838 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 12, or 0.21 per cent, to Rs 5,838 per barrel in 1,411 [...]
Silver futures drop on subdued demand
New Delhi, Jan 10 (PTI) Silver futures on Monday eased by Rs 142 to Rs 60,465 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for the March delivery declined Rs 142, or 0.23 per cent, to Rs 60,465 per kg in a business turnover of 17,409 [...]
Gold futures fall on low demand
New Delhi, Jan 10 (PTI) Gold prices on Monday fell Rs 100 to Rs 47,352 per 10 grams in the futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for February traded lower by Rs 100, or 0.21 per cent, to Rs 47,352 per 10 grams in [...]
Anupam Rasayan signs LoI worth USD 95 mn with MNC firm
New Delhi, Jan 10 (PTI) Chemicals maker Anupam Rasayan on Monday announced it has signed a Letter of Intent (LoI) worth USD 95 million (about Rs 700 crore) with a multinational crop protection firm for supply of a new life science related active ingredient. The company, in a statement, said it will [...]
L&T Construction bags significant order from National High Speed Rail Corporation
New Delhi, Jan 10 (PTI) Larsen & Toubro (L&T) on Monday said its construction arm has bagged a significant order from National High Speed Rail Corporation Ltd (NHSRCL). The major scope of work for the project comprises design and construction of civil and building works for a double-line high speed railway of a length of [...]
BGE-COMMODITIES
Bengaluru, Jan 10 (PTI) Following are Monday'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 4500-4800: Wheat 2500-3500 Turmeric 9500-15000: Turdhal [...]
Abusive call matter: Kotak Mahindra Bank to pursue ‘legal action’ against Bharatpe’s Grover
Allegedly, BharatPe’s co-founder and MD Ashneer Grover and his wife had missed out on Nykaa’s IPO due to a lack of margin funding from Kotak Mahindra Bank and wanted Rs. 500 crore in damages. An audio clip emerged on social media on January 5th, 2022. Apparently, Grover was found hurling expletives and death threats to [...]
Hero Electric ties up with Turtle Mobility to strengthen last-mile delivery segment
Mumbai, Jan 10 (PTI) Hero Electric said on Monday it will deliver over 1,000 e-scooters to last-mile delivery solutions startup Turtle Mobility this year as part of a partnership between the two firms, a release said on Monday. Turtle Mobility was incorporated in the second quarter of 2021 to further develop the electric vehicle ecosystem [...]
CreditAccess Grameen GLP grows 18 pc to Rs 14,587 cr in Dec
Mumbai, Jan 10 (PTI) Microfinance lender CreditAccess Grameen on Monday said its consolidated gross loan portfolio (GLP) increased 18.4 per cent to Rs 14,587 crore in December 2021. The lender has announced its business numbers, including of its subsidiary Madura Microfinance (MMFL), for the month of December. These are provisional unaudited numbers, a release said. [...]
Green bonds will prop Adani’s future green plans
Ahmedabad (Gujarat) [India], January 10: Gautam Adani's plans to revamp his business empire into the world's largest renewables player are on a roll. The initiative to tap the green bond market to fund this change is certainly bearing fruit as his ambitious $20 billion investment plan gets underway. Adani Green Energy, which takes care of [...]
Thoughtworks XConf Tech Talk Series: From enterprise XR to ethical XR
Authors: Kuldeep Singh, Head of XR Practice for India and Raju Kandaswamy, Lead Consultant Every radically new technology is nothing short of magic at the beginning. This holds true for Augmented and Virtual Reality. For the uninitiated, Augmented Reality (AR) refers to digital content being placed on top of the real world environment. The user [...]
Urbanista forays into Indian market, aims 5% mkt share in premium headphone, TWS segments
New Delhi, Jan 10 (PTI) Swedish audio brand Urbanista has forayed into the Indian market and aims to have around 5 per cent of the market share in the premium headphones and TWS (True Wireless Stereo) segments by the end of this year. The company, which has a presence in more than 90 countries around [...]
Soybean futures rise on spot demand
New Delhi, Jan 10 (PTI) Soybean prices on Monday rose by Rs 57 to Rs 6,450 per quintal in futures market as traders created fresh positions tracking positive spot demand.On the National Commodity and Derivatives Exchange, soybean for January delivery rose by Rs 57, or 0.89 per cent, to Rs 6,450 per quintal with an [...]
Startups can play important role to socialise, democratise availability of healthcare: Goyal
New Delhi, Jan 10 (PTI) Commerce and Industry Minister Piyush Goyal on Monday said startups can play a key role to socialise and democratise the availability of healthcare across the globe at a time when the world is grappling with the coronavirus pandemic. He also said that entrepreneurs should also focus on strengthening the make [...]
Sri Lanka launches luxury train service with India’s assistance
Colombo, Jan 10 (PTI) Sri Lanka has launched a luxury train service connecting the country’s Tamil-dominated Jaffna district to the capital city Colombo with the help of a Line of Credit offered by India, in another significant landmark in bilateral ties. The intercity rail service with all facilities was launched on Sunday for passengers travelling [...]
Engineer Vaibhav Ghadiok Architects the First Autonomous Traffic Management Platform in the World
New Delhi, Delhi, India (NewsVoir) Indian born Engineer Vaibhav Ghadiok has architected the first autonomous traffic management platform in the world. This young 36-year-old is a pioneer in the field of robotics with multiple inventions and patents to his name. He is the Executive VP of Engineering at Hayden AI (Silicon Valley, USA), where he [...]
Rising demand lifts refined soya oil futures
New Delhi, Jan 10 (PTI) Refined soya oil prices on Monday rose by Rs 4 to Rs 1,197 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 4, or 0.34 per cent, to Rs 1,197 per 10 [...]
Guar seed futures rise on fresh bets
New Delhi, Jan 10 (PTI) Guar seed prices on Monday rose by Rs 153 to Rs 6,374 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 153, or 2.46 per cent, [...]
Motorola Launches the moto g71 5G, Introducing Qualcomm Snapdragon™ 695 5G in India, with a 6.4” AMOLED Display, 13 5G Bands & More at Just Rs. 18,999
New Delhi, Delhi, India: • Motorola brings the latest and incredibly powerful Qualcomm Snapdragon™ 695 5G processor in moto g71 5G, becoming the first smartphone to introduce this chipset to Indian customers. • The moto g71 5G is powered with True 5G connectivity having 13 5G Bands - the highest number of bands available in [...]
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