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Solar energy stock hits 20% upper circuit after receiving order for supply of 8,085 solar pumps
Solar energy stock engaged in manufacturing and supplying integrated solar cells and solar panels and also providing EPC Solutions, and O&M Solutions hit a 20 percent upper circuit in the day’s trade upon receiving a new work order worth for the supply of solar pumps Price Action With a market capitalization of Rs. 45,402 Crores, [...]
Tourism stock jumps 12% after company forays into manufacturing of EV buses
The shares of this smallcap company surged around 12 percent in Thursday’s trading session after announcing the launch of its new subsidiary and marking its entry into the electric bus manufacturing sector. Price Movement: With a market capitalization of Rs. 7,684 crores, the shares of Easy Trip Planners Ltd started Thursday’s trading session on a [...]
Ambani stock in focus after it receives PLI scheme for battery manufacturing
During Thursday’s trading session, the shares of the diversified conglomerate surged 0.73 percent to Rs. 3,052.05 on BSE, after the company secured a 10 GWh (gigawatt hour) battery manufacturing capacity under the Production Linked Incentive (PLI) scheme. With a market capitalisation of Rs. 20.3 lakh crores, the shares of Reliance Industries Limited opened in the [...]
Agrochemical stock hits 5% upper circuit after signing agreement for seeds production
Multibagger Agro-Chemical stock engaged in the production, processing, and marketing of high-quality hybrid seeds, Pesticides, micronutrients, and many more hit a 5 percent upper circuit upon executing a land agreement for 127 acres for the production of seeds. Price Action With a market capitalization of Rs. 343 Crores, the shares of Nirman Agri Genetics Limited [...]
EV and AI stock in focus after FII and Mutual Funds bought stake in the companies
Block and bulk deals involve large transactions executed on stock exchanges. A block deal is defined as a single trade involving at least 5 lakh shares, or a total transaction value of Rs. 10 crore or more. In contrast, a bulk deal is characterised by transactions involving more than 0.5 percent of a company's total [...]
2 Stocks jump 5% after Govt announces ₹ 2,200 Cr tenders for expanding Kavach system
Kavach is an indigenously developed Automatic Train Protection (ATP) system for Indian Railways, designed to prevent train collisions by automatically activating brakes if a driver fails to respond to signals. It utilizes Radio Frequency Identification (RFID) technology for real-time monitoring and communication, ensuring enhanced safety on the rail network On 4th September, Indian Railways issued [...]
Chemical stock jumps 5% after company to acquire assets of Tata Steel
Shares of this leading industrial oxygen provider jumped over 6 percent to Rs.7,641.6 per share following the announcement of a plant sale agreement with Tata Steel. Share Price Movement In Thursday’s trading session, Linde India Limited’s share price surged 6.09 percent to an intra-day high of Rs.7,641.6 per share from its previous close of Rs.7,202.6 [...]
EV stock jumps 4% after receiving PLI certification for its two wheeler EVs; Announces ₹ 2,400 Cr QIP
EV Stock, which designs, manufactures, develops, and supplies engineered automotive systems and components, jumped 4 percent in the day’s trade upon receiving PLI certification and launched QIP of Rs. 2,400 Crores. Price Action With a market capitalization of Rs. 42,431 Crores, the shares of Sona Blw Precision Forgings Limited were trading at Rs. 725.15 per [...]
Damani stock jumps 4% after receiving order for diamonds worth ₹ 70 Cr from USA
The shares of this smallcap company jumped around 4 percent in Thursday’s trading session after receiving an export order for diamonds worth Rs. 70 crores. In just one month, the stock has delivered more than a 90 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 3,729 crores, the shares of [...]
Ashish Kacholia stock gets buy call for an upside of more than 25%; Do you own it?
Shares of this workspace solution provider jumped over 5 percent to Rs.824 per share after Edelweiss set a target price indicating potential upside growth. Price Movement In Thursday’s trading session, Awfis Space Solutions' share price surged 5.3 percent to an intra-day high of Rs.824 per share from Rs.782.5 apiece. The price has since retreated and [...]
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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
Guar gum futures gain on spot demand
New Delhi, Jan 10 (PTI) Guar gum prices on Monday gained Rs 402 to Rs 11,500 per five quintal in futures trade as speculators increased their holdings on spot demand.On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher by Rs 402, or 3.62 per cent, to Rs 11,500 per [...]
Vistara fleet crosses 50 aircraft; 12 planes added in last 21 mths
Mumbai, Jan 10 (PTI) Full-service carrier Vistara, which completed seven years of its operations on January 9, said on Monday its fleet has crossed 50 aircraft with over 12 planes added in the last 21 months alone despite pandemic challenges. In addition to this, Vistara said it has flown 30 million passengers since its launch [...]
ePlane Company raises $5 mln funding from Speciale Invest, Micelio, others
New Delhi, Jan 10 (PTI) The ePlane Company on Monday said it has raised USD 5 million (about Rs 37 crore) in funding led by deep-tech venture capitalist Speciale Invest and EV/climate-focussed fund Micelio. The pre-series A funding also saw participation from a consortium of investors, including Naval Ravikant, 3one4 Capital, UTEC (University of Tokyo [...]
Coriander futures rise on spot demand
New Delhi, Jan 10 (PTI) Coriander prices on Monday rose Rs 58 to Rs 9,462 per quintal in futures trade as speculators widened their holdings tracking firm trend in spot market.On the National Commodity and Derivatives Exchange, coriander for January delivery gained Rs 58, or 0.62 per cent, to Rs 9,462 per quintal with an [...]
2 arrested in Pakistan over Rs 200 mn fraud in online business
Islamabad, Jan 10 (PTI) Pakistani authorities have arrested two people in connection with a USD 1.14 million online business scam, days after the country's top investigation agency launched a probe into a cryptocurrency investment fraud of more than USD 100 million. The Federal Investigation Agency (FIA) carried out a raid in Karachi and arrested two [...]
Edelweiss group partners Indian Bank for co-lending to priority segment
New Delhi, Jan 10 (PTI) Diversified financial group Edelweiss on Monday said Edelweiss Housing Finance Ltd (EHFL) and ECL Finance Ltd (ECLF) have entered into co-lending partnership with Indian Bank for lending to priority sector areas. Agriculture, micro enterprises and advances to weaker sections of the society are amongst the categories that form the priority [...]
UK trade minister to launch FTA talks in Delhi on Wednesday
London, Jan 10 (PTI) Britain's Secretary of State for International Trade Anne-Marie Trevelyan will launch Free Trade Agreement (FTA) negotiations during a visit to New Delhi starting on Wednesday, the UK government has said.The schedule for the two-day visit to India will include bilateral talks between Trevelyan and Commerce and Industry Minister Piyush Goyal on [...]
MUMBAI, JAN 10
(PTI) OPENING RATES SILVER SPOT (IN RS PER KILO): 60054.00 STANDARD GOLD (99.5) : 47328.00 PURE GOLD (99.9) : 47518.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 60700.00 RS. PER KG.SILVER RDY.(PORTION) : 60800.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48200.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 45750.00 RS. PER 10 GMS.HALLMARKED GOLD(22 [...]
Virender Sehwag joins cricket NFT universe with Rario
NEW DELHI, Jan. 10, 2022 /PRNewswire/ -- Former Indian opening batsman and World Cup winning icon Virender Sehwag becomes the latest cricketing star to join the NFT bandwagon, as he signs on with leading cricket NFT platform Rario. Rario, the world's first officially licensed cricket digital collectibles platform, enables fans to buy and trade NFTs [...]
Arch Pharmalabs Ties up with Orochem Technologies Inc., USA
Mumbai, Maharashtra, India – Business Wire India Arch Pharmalabs Ltd., India, announced the signing of a Technology Access & Services Agreement with Orochem Technologies Inc., USA, on an exclusive basis. The Agreement allows Arch to collaborate with Orochem for using Orochem’s proprietary Simulated Moving Bed (SMB) platform for Pharmaceutical and other applications. Simulated Moving Bed [...]
Power Gummies raises $6mn funding from 9Unicorns, others
New Delhi, Jan 10 (PTI) Dietary supplement brand Power Gummies on Monday said it has raised USD 6 million (about Rs 44.4 crore) in funding led by 9Unicorns. The series A round also saw participation from Vcats, DSG Consumer Partners, Wipro Consumer Care Ventures, Sharpp Ventures (Marico Family office) and NB Ventures, a statement said. [...]
KOLKATA BULLION OPENING
Kolkata, Jan.10(PTI): SILVER RDY.(BAR) : Rs.60,700.00 Per Kg.SILVER RDY.(PORTION) : Rs.60,800.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,200.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.45,750.00 Per 10 Gms.HALLMARKED GOLD(22-CT) RDY. : Rs.46,450.00 Per 10 Gms. ---- PTI SAM
UK trade minister to launch FTA talks in Delhi next week
London, Jan 10 (PTI) Britain's Secretary of State for International Trade Anne-Marie Trevelyan will launch Free Trade Agreement (FTA) negotiations during a visit to New Delhi starting on Wednesday, the UK government has said.The schedule for the two-day visit to India will include bilateral talks between Trevelyan and Commerce and Industry Minister Piyush Goyal on [...]
Alembic gets USFDA nod to market generic product
New Delhi, Jan 10 (PTI) Alembic Pharmaceuticals on Monday said it has received approval from the US health regulator to market generic Dronedarone tablets, which is used to reduce risk of hospitalisation for atrial fibrillation, in the American market. The company has received tentative approval from the US Food & Drug Administration (USFDA) for its [...]
Zluri raises $10 mln funding from MassMutual Ventures, others
New Delhi, Jan 10 (PTI) SaaS management platform Zluri on Monday said it has raised USD 10 million (about Rs 74.1 crore) in funding led by MassMutual Ventures. The series A round also saw participation from existing investors, Endiya Partners and Kalaari Capital, according to a statement. The company plans to use the capital to [...]
DIRECT EXCHANGE RATES SBI
MUMBAI, JAN 10 (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 [...]
Sunteck Realty Q3 sales bookings rise marginally to Rs 352 cr in Dec quarter
New Delhi, Jan 10 (PTI) Mumbai-based Sunteck Realty on Monday reported a marginal increase in its sales bookings to Rs 352 crore for the quarter ended December 2021. Its sales bookings stood at Rs 349 crore in the year-ago period, according to a regulatory filing. During April-December period of the current fiscal, the company's sales [...]
MUMBAI, JAN 10 Money Market Operations as on January 07, 2022
(Amount in ? crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment (I+II+III+IV) 5,02,476.46 3.37 1.00-5.30 I. Call Money 7,660.18 3.26 2.10-3.65 II. Triparty Repo 3,77,786.75 3.36 3.07-3.41 III. Market Repo 1,17,009.53 3.39 1.00-3.75 IV. Repo in Corporate Bond 20.00 5.30 5.30-5.30 B. Term Segment I. Notice [...]
Foxconn to gradually resume operations at TN plant; facility under probation by Apple
New Delhi, Jan 10 (PTI) Apple supplier Foxconn Technology Group on Monday said it has implemented a range of corrective actions and will start bringing back team members gradually to the Sriperumbudur factory, which was shut down last month following a mass food-poisoning incident at the plant's offsite dormitory facility. The factory located on the [...]
ITW Consulting earns Great Place to Work certification
ITW Consulting Private Limited, one of India’s leading consulting and sports management companies has received the esteemed Great Place to Work Certification from the Great Place to Work Institute for the year 2021. This places the organization alongside companies such as Acer India, Endemol India Pvt Ltd and Oriflame India Pvt Ltd, among others in [...]
GTPL partners with Aprecomm to bring Innovation to Customer Experience with Network Intelligence
AHMEDABAD, India, Jan. 10, 2022 /PRNewswire/ -- GTPL Hathway Limited (GTPL), one of the largest Multi-Service Operator (MSO) in India with Cable TV Distribution and high-speed Broadband service distribution, today announced an investment in innovative technology to remotely optimise its residential Wi-Fi connections through a partnership with Aprecomm. The unique A.I. technology will help GTPL [...]
Course5 Intelligence files draft papers to raise Rs 600-cr via IPO
New Delhi, Jan 10 (PTI) Pure-play data analytics and insights compay Course5 Intelligence Ltd has filed preliminary documents with markets regulator Sebi to raise Rs 600 crore through an initial share-sale. The initial public offering (IPO) comprises a fresh issue of equity shares aggregating up to Rs 300 crore and an Offer For Sale of [...]
Clayfin and BRAC Bank win Most Impactful Digital Platform award from IBS Intelligence
Implementation at the Bangladeshi Bank produced 100% digital transaction growth and 36% manual to digital conversion CHENNAI, India, Jan. 10, 2022 /PRNewswire/ -- Clayfin Technologies, a leading customer experience focused digital solutions provider for financial institutions, and BRAC Bank, have been awarded the 'Best Digital Channel/Platform Implementation Award – Most Impactful Platform' at IBSi Global [...]
Maha: Aurangabad-based incubator demands land for startups at concessional rates in AURIC
Aurangabad, Jan 10 (PTI) Marathwada Accelerator for Growth and Incubation Council (MAGIC) has demanded land at a concessional rates for startups in Aurangabad Industrial City, which is being developed as part of the Delhi-Mumbai Industrial Corridor. The startups are missing government incentives just because they are operating in rested spaces, according to a letter written [...]
World’s First 175 mg Ashwagandha and Non-Habit-Forming Melatonin Gummies Launched by Nidra Nutrition
Coimbatore, Tamil Nadu, India – Business Wire India Nidra Nutrition, part of Revolutionary Nutrition Pvt Ltd., will officially launch today (10-01-2022) in the Indian market. The brand will officially launch their products, the world's first 175 mg Ashwagandha “Stress-Free” gummies and non-habit-forming Melatonin “Sleep-Well” gummies during their virtual launch event “Happy Beginnings” at 11:00 AM. [...]
DevOps Enabler & Co. Announces the Celebration of Its 6th Anniversary
A leading DevOps service provider in Bengaluru, DevOps Enabler & Co. celebrates its six years of helping startups and large enterprises scale their operations. Bengaluru, Karnataka, India – Business Wire India DevOps Enabler & Co., one of India’s fast-rising DevOps service providers and IT operations companies, has proudly announced that they celebrated their 6th anniversary [...]
SaaS management platform Zluri raises $10M led by MassMutual Ventures
Bengaluru, Jan 10 (PTI) SaaS Management Platform Zluri has raised USD ten million in a Series A round of funding led by MassMutual Ventures with participation from existing investors, Endiya Partners and Kalaari Capital. Zluri had previously raised USD two million, from Endiya Partners and Kalaari Capital, in its seed round in January 2021. The [...]
Polestar Solutions, an Analytics Company, Secures Undisclosed Series-A Round of Funding to Fuel Growth
NEW DELHI, Jan. 10, 2022 /PRNewswire/ -- Polestar Solutions, a leading player in data analytics and enterprise performance management (EPM), announced today that it has raised an undisclosed amount in series-A funding from a US-based strategic investor. The round of investment is driven by the significant revenue growth, strong traction (across segments and geographies), and [...]
Rupee gains 18 paise against US dollar in early trade
Mumbai, Jan 10 (PTI) The rupee appreciated by 18 paise to 74.16 against the US dollar in opening trade on Monday, tracking strong gains in domestic equities. At the interbank foreign exchange, the rupee opened sharply higher at 74.15 against the American dollar, then inched slightly lower to quote 74.16, registering a rise of 18 [...]
Business schedule
Business schedule for Monday, Jan 10, 2022:- Delhi:- -Startup India Innovation Week Commerce and Industry Minister Piyush Goyal - 11.30 Hrs PayTM CFO, CEO, Others at 1400 Hrs IFCI Venture CEO - 1515 Hrs. Mumbai:- -No events listed. PTI MKJ MKJ
Sensex surges 470 pts to reclaim 60,000 level in early trade
Mumbai, Jan 10 (PTI) The BSE gauge Sensex soared 470 points to trade above the psychological 60,000-level in opening deals on Monday on account of buying across counters. Starting on a positive note, the 30-share benchmark hit the early high of 60,242 before easing out some gains. It was last quoted at 60,077.67, higher by [...]
NEWSALERT
Sensex surges 470 points to 60,214 in opening trade; Nifty gains 127 points to 17,940. PTI MKJ MKJ BAL BAL
PragatiE Vichaar Excellence Awards Winners List 2022
NEW DELHI, Jan. 9, 2022 /PRNewswire/ -- In its mission to promote literary works and industry, PragatiE Vichaar 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 brought Nielsen as a [...]
2 arrested in Pakistan over Rs 200 mn fraud in online business
Islamabad, Jan 9 (PTI) Pakistani authorities have arrested two people in connection with Rs 200 million online business scam, days after the country's top investigation agency launched a probe into a cryptocurrency investment fraud of more than USD 100 million, according to media reports on Sunday.The Federal Investigation Agency (FIA) carried out a raid in [...]
IIM Indore student offered Rs 49 lakh annual package to work in India
Indore, Jan 9 (PTI) A student from the Indian Institute of Management (IIM) Indore has been offered the annual package of Rs 49 lakh by a company to work in India during the placement process, an official said on Sunday. This is the highest annual package offered during this session's final placement at this institute [...]
ICAI seeks waiver of penalty till March 31 for filing tax audit reports
New Delhi, Jan 9 (PTI) Chartered accountants' apex body ICAI has sought time till March 31 for filing tax audit reports without penalties, citing the coronavirus pandemic situation and "consistent technical glitches" being faced in using the new I-T portal. In this regard, the Institute of Chartered Accountants of India (ICAI) has submitted a representation [...]
Sri Lankan President raises debt crisis issue with Chinese FM
Colombo, Jan 9 (PTI) Sri Lankan President Gotabaya Rajapaksa on Sunday discussed with Chinese Foreign Minister Wang Yi if Beijing could help his country to overcome the forex crisis by rescheduling its external debt.He raised the issue when Wang, who arrived here on Saturday from the Maldives on a two-day visit, called on him at [...]
Promoting green energy, affordable power to Delhiites DERC’s focus areas, says its chairman
New Delhi, Jan 9 (PTI) The Delhi Electricity Regulatory Commission (DERC) is focussing on energy transition through various initiatives contributing to the Millennium Development Goal of United Nations and commitment of India towards net-zero carbon emissions by 2070, chairman of the panel Justice (retd) Shabihul Hasnain said on Sunday. "The gradual movement from polluted conventional [...]
Optiemus to start producing 1.5 lakh laptops a year, double wearables production capacity
New Delhi, Jan 9 (PTI) Electronics manufacturing services firm Optiemus Electronics is aiming production of up to 1.5 lakh laptop units a year and to double production capacity for wearables and hearables this year -- a move that can bring down prices of products in these categories. The company is looking to invest Rs 150 [...]
Will try to soon approach Cabinet on revised FDI policy to facilitate LIC disinvestment: DPIIT Secy
New Delhi, Jan 9 (PTI) The Department for Promotion of Industry and Internal Trade (DPIIT) will soon try to approach the Union Cabinet to seek its approval on changes in the FDI policy to facilitate disinvestment of the country's largest insurer LIC, a top government official said on Sunday. DPIIT Secretary Anurag Jain said the [...]
CREDAI seeks tax sops to boost housing demand; hike in deduction limit on home loan interest
New Delhi, Jan 9 (PTI) Realtors apex body CREDAI has sought various tax sops to boost housing demand, including increase in the deduction limit for interest on home loans to Rs 5 lakh from the current Rs 2 lakh. In its Budget recommendations to the Finance Ministry, CREDAI which has around 13,000 developer members, has [...]
Scrap move to privatise electricity distribution in Chandigarh: AIPEF
New Delhi, Jan 9 (PTI) All India Power Engineers Federation on Sunday urged the government to withdraw the Union Cabinet decision to privatise power distribution in Chandigarh as the matter is still sub-judice."The All India Power Engineers Federation (AIPEF) on Sunday urged the government to withdraw Cabinet decision on privatisation of electricity distribution in UT [...]
Chinese FM Wang meets top Lankan leadership; discusses promoting investments, tourism
Colombo, Jan 9 (PTI) Chinese Foreign Minister Wang Yi on Sunday met Sri Lanka's top leadership and discussed a host of issues, including the debt crisis faced by the island nation, investments, promoting tourism and the fight against the COVID-19 pandemic as the two countries marked the 65th anniversary of diplomatic ties.Wang, who arrived here [...]
Delay by DMRC in award execution costs taxpayers Rs 1.75 crore daily: DAMEPL tells HC
New Delhi, Jan 9 (PTI) The Delhi Airport Metro Express Private Limited (DAMEPL) has told the Delhi High Court that Delhi Metro Rail Corporation (DMRC) is deliberately trying to delay the execution of the over Rs 4,600 crore arbitral award against it, which is costing taxpayers a daily interest of almost Rs 1.75 crore. The [...]
Chinese FM Wang meets Lankan PM Rajapaksa; discusses promoting investments, tourism
Colombo, Jan 9 (PTI) Chinese Foreign Minister Wang Yi on Sunday held talks with Sri Lankan Prime Minister Mahinda Rajapaksa and discussed a host of issues, including promoting tourism, investments, and fight against the COVID-19 pandemic as the two countries marked the 65th anniversary of the bilateral diplomatic ties. Wang, who is also the State [...]
Exports from STPI units seen at over Rs 5 lakh crore in FY22 despite Omicron wave
New Delhi, Jan 9 (PTI) The surge in COVID cases driven by the fast-spreading Omicron variant is not expected to disrupt the performance of units registered under the STPI scheme with proven remote working protocols already in place, according to a top official.The value of software exports from the Software Technology Parks of India units [...]
Mcap of eight of top-1O most valued firms jumps by over Rs 2.50 lakh cr
New Delhi, Jan 9 (PTI) Eight of the top-ten most valued companies together added a whopping Rs 2,50,005.88 crore in market valuation last week amid a rally in the equity market, with Reliance Industries and Tata Consultancy Services emerging as the lead gainers. Last week, the BSE benchmark Sensex jumped 1,490.83 points or 2.55 per [...]
Consumer durables prices to go up 5-10% as makers feel heat of rising input costs
New Delhi, Jan 9 (PTI) Prices of air conditioners and refrigerators have shot up in the new year as consumer durables makers pass on the impact of rising raw material costs and higher freight charges to customers, while home appliances like washing machines may witness 5-10 per cent price hike later this month or by [...]
Deposits in Jan Dhan accounts cross Rs 1.5 lakh crore
New Delhi, Jan 9 (PTI) Deposits in bank accounts opened under the Jan Dhan scheme, launched about seven and half years ago by the government, have crossed the Rs 1.5 lakh crore mark.As per the latest finance ministry data, the total balance in over 44.23 crore Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts was at [...]
PSEB recommends Yogendra Shukla for HOCL’s Director Finance post
New Delhi, Jan 9 (PTI) The government's headhunting body PSEB has recommended NTPC's DGM Yogendra Prasad Shukla for the post of Director Finance at Hindustan Organic Chemical Limited.Shukla, at present, is serving as a Deputy General Manager (DGM) in the finance department of NTPC's 1,760 MW Thermal Power Project located in Tanda, Uttar Pradesh.According to [...]
Interest calculator soon in GSTR-3B for delayed monthly tax payment
New Delhi, Jan 9 (PTI) GST Network, which provides technology backbone for the indirect tax regime, will shortly release interest calculator functionality in monthly tax payment form GSTR-3B to help taxpayers in calculating interest for delayed tax payment. This new functionality will compute the minimum interest applicable on the basis of the values declared by [...]
Taxmen to give ‘reasonable time’ to biz to explain reasons for mismatch in GSTR-1, 3B before recovery action
New Delhi, Jan 9 (PTI) Tax officers will give reasonable time to erring business to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B before initiating recovery action for short payment or non-payment of taxes.Apex indirect tax body CBIC has issued guidelines on recovery proceedings and said that [...]
Ex-RBI Governor Urjit Patel appointed Vice President of AIIB
Beijing, Jan 9 (PTI) Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second highest voting share after China. It is headed by [...]
ANIL to be Adani Group’s vehicle for new energy business
New Delhi, Jan 9 (PTI) Billionaire Gautam Adani's logistics-to-energy conglomerate has set up a new subsidiary, ANIL to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world's largest renewable energy company and produce the cheapest hydrogen. Adani had in [...]
Budget 2022: Assocham pitches for permanent refinance window for NBFC sector
New Delhi, Jan 9 (PTI) Industry body Assocham has recommended setting up a refinance window for the NBFC sector and making banks' lending to non-banking financial companies under priority sector permanent for the upcoming Union Budget.The funding support to the non-banking finance companies (NBFCs) will ensure liquidity in the sector, as they play a key [...]
Alliance Air issues tender to refurbish its aircraft fleet
New Delhi, Jan 9 (PTI) Alliance Air, a subsidiary of Air India, has issued a tender to refurbish its entire fleet of 18 ATR-72 aircraft. Air India, after its successful sale to the Tata Group in October last year, is expected to be handed over to the conglomerate in the first half of this year. [...]
FPIs turn net buyers of equities in Jan so far; invest Rs 3,202 cr
New Delhi, Jan 9 (PTI) After three months of selling spree, foreign investors have turned net buyers in the first week of January by infusing Rs 3,202 crore in Indian equities, as correction in markets provided them good buying opportunity. Going forward, FPIs flows will remain volatile on the expectation of the US Fed rate [...]
Samunnati’s GTV crosses Rs 10,000 cr mark in six years
New Delhi, Jan 9 (PTI) Agri-tech firm Samunnati on Sunday announced that gross transaction value (GTV) across its financial and agri-market linkage businesses has crossed the Rs 10,000 crore mark within six years of scaled existence.Founded in 2014, Chennai-based Samunnati said out of the total GTV achieved so far, about Rs 6000 crore was lending, [...]
Audi expects sales in India to grow in double-digit this year
New Delhi, Jan 9 (PTI) German luxury carmaker Audi expects sales in India to grow in double-digit this year amid concerns over the possible impact of the fresh surge in COVID-19 cases on business, according to a senior company official.Audi India -- which has lined up a "few more products" this year, including the SUV [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
Govt not to impose anti-dumping duty on certain steel products
New Delhi, Jan 9 (PTI) The government has decided not to impose anti-dumping duty on certain steel products being imported from countries like China, Japan, and Korea, as the finance ministry has not accepted the recommendations of the directorate general of trade remedies (DGTR).The commerce ministry's investigation arm DGTR had conducted a probe against imports [...]
FMCG cos see customers pantry loading as COVID-19 cases spike; say ready with stocks
New Delhi, Jan 9 (PTI) FMCG companies witnessed an increase in demand in the past two weeks as consumers stocked up in the wake of rise in COVID-19 cases across the country, and have ramped up supplies to their stockists to avoid supply shortage. Companies such as Parle Products, Dabur India and ITC, which are [...]
FIMI-Southern Region voices concern with K’taka govt over ban on export of iron ore in state
New Delhi, Jan 9 (PTI) FIMI-Southern Region has voiced its concern with the Karanataka government over the ban on export of iron ore in the state and stressed that at times there are deliberate imports of the key steel making raw material into the state despite surplus availability. The inflow of the iron ore within [...]
Reliance buys New York’s premium luxury hotel Mandarin Oriental for USD 98.15 mn
New Delhi, Jan 9 (PTI) Mandarin Oriental New York, the premium luxury hotel a subsidiary of Reliance Industries is acquiring, is known for its much-in-demand ballroom, five-star spa and eating and drinking venues, including MO Lounge. Liam Neeson and Lucy Liu are among regular guests. Set up in 2003, 248-rooms-and-suites hotel towering over Central Park [...]
AMO Electric to raise $100 mn to expand product range, sales infra next fiscal
New Delhi, Jan 9 (PTI) Electric two-wheeler maker AMO Electric is looking to raise about USD 100 million next fiscal as it looks to scale up R&D to introduce new products, expand manufacturing capacity and enhance sales infra across the country in order to consolidate its position in the sector. The Noida-based company currently sells [...]
Discoms’ outstanding dues to gencos rise 4.4% to Rs 1,21,030 cr in January
New Delhi, Jan 9 (PTI) Total outstanding dues owed by electricity distribution companies (discoms) to power producers rose 4.4 per cent year-on-year to Rs 1,21,030 crore in January 2022. Discoms owed a total of Rs 1,15,904 crore to power generation firms in January 2021, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement [...]
Macro data, quarterly earnings to guide equity market this week: Analysts
New Delhi, Jan 9 (PTI) A host of macreconomic data announcements lined up during the week along with quarterly earnings from IT majors, including Infosys and TCS, are likely to dictate trends in the equity market, which kicked off the year 2022 on a strong footing, said analysts. Meanwhile, market participants would keep a close [...]
Solapur Tollways gets NHAI notice for suspension of right to collect toll
New Delhi, Jan 8 (PTI) Solapur Tollways Pvt Ltd (STPL), a wholly-owned arm of Bharat Road Network Ltd, has received a notice from National Highways Authority of India (NHAI) for suspension of concessionaire's right to collect toll fees and other revenues for a period of six months for a section of NH-9 project. During the [...]
Reliance buys New York’s luxury hotel Mandarin Oriental for USD 98.15 mn
New Delhi, Jan 8 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Saturday announced acquisition of New York's premium luxury hotel Mandarin Oriental for USD 98.15 million. Set up in 2003, Mandarin Oriental New York is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle. [...]
Reliance buys New York’s luxury hotel Mandarin Oriental for USD 98.15 mn
New Delhi, Jan 8 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Saturday announced acquisition of New York's premium luxury hotel Mandarin Oriental for USD 98.15 million. Set up in 2003, Mandarin Oriental, New York is an iconic luxury hotel located at 80 Columbus Circle, directly adjacent to the pristine Central Park and Columbus Circle. [...]
K’taka should ramp up production of millets like ragi: Union Food Secretary
New Delhi, Jan 8 (PTI) Karnataka, being a large producer of ragi, should ramp up production of millets and also meet the requirement of other states, Union Food Secretary Sudhanshu Pandey said on Saturday in a meeting with state officials. Pandey, in the meeting with the state chief secretary and other officials, said the Karnataka [...]
Microsoft CEO Satya Nadella joins Groww as investor, adviser
New Delhi, Jan 8 (PTI) Tiger Global-backed Groww on Saturday said Microsoft chief executive officer Satya Nadella has joined the company as an investor and advisor. "Groww gets one of the world's best CEOs as an investor and advisor. Thrilled to have @satyanadella join us in our mission to make financial services accessible in India," [...]
Bharat Biotech says Covaxin safe for booster dose against Covid
New Delhi, Jan 8 (PTI) Bharat Biotech on Saturday said trials have indicated that its vaccine Covaxin is safe for booster dosage against COVID-19. The analysis showed, six months after a two-dose Covaxin (BBV152) vaccination series cell-mediated immunity and neutralising antibodies to both homologous (D614G) and heterologous strains (Alpha, Beta, Delta, and Delta plus) persisted [...]
S D Polymer signs pact with Dubai-based Al Composites Materials FZE
Mumbai, Jan 8 (PTI) S D Polymer FZE, subsidiary of S D Polymer, on Saturday said it has signed an agreement with Dubai-based AI Composites Materials FZE for expanding polymer compounding facilities in the Middle East. Under this Memorandum of Understanding (MoU), both the company will invest proportionally in the Middle East to expand the [...]
Campaign announced in Jammu to promote power bill payments from home
Jammu, Jan 8 (PTI) The Jammu Power Development Corporation Ltd (JPDCL) announced a campaign on Saturday to promote electricity bill payment from home. Under the campaign 'Bijli Bill Bharna Hua aasan, Ghar Baithe Karo Bukhtan', the JPDCL would facilitate from-home electricity bill payment for the convenience of consumers, an official spokesman said. He said the [...]
Ships from Assam, NE to be connected to Bengal’s Haldia via B’desh: Sonowal
Guwahati, Jan 8 (PTI) Work has begun for national waterways along the Brahmaputra and Barak rivers and cargo and passenger ships from Assam and the northeast will be connected to Haldia in West Bengal via Bangladesh, Union minister Sarbananda Sonowal said on Saturday. Speaking at the 'Brahmaputra River Conclave' at the ongoing Northeast Festival here, [...]
TN Minister invites Tamils living abroad to invest in State
Chennai, Jan 8 (PTI) Tamil Nadu Minister Gingee K S Masthan on Saturday appealed Tamils living abroad to invest in the state and said the role of expatriate Tamils was essential for economic development. The Minister for Minorities Welfare and Non Resident Tamils' Welfare said Tamils living abroad should come to Tamil Nadu to start [...]
Equitas Holdings to fully divest stake in subsidiary ETPL ahead of merger with Equitas SFB
New Delhi, Jan 8 (PTI) Equitas Holdings Ltd will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB). As part of the RBI's licensing conditions, being the promoter of ESFB, the boards of Equitas Holdings and ESFB had in [...]
Oberoi Realty Q3 sales bookings jump 2-fold to Rs 1,965 cr
New Delhi, Jan 8 (PTI) Mumbai-based Oberoi Realty has reported over two-fold jump in its sales bookings at Rs 1,965 crore for the third quarter ended December on higher demand. In regulatory filings on Friday, Oberoi Realty has shared a summary of bookings made by the company for the third quarter of this financial year [...]
India Pavilion at EXPO2020 Dubai Celebrates 150 Crore Vaccinations in the Country
Dubai, United Arab Emirates (NewsVoir) The India Pavilion at EXPO2020 Dubai marked the country’s vaccination drive crossing the milestone of administering over 150 crore (1.5 billion) COVID-19 vaccines by displaying this remarkable achievement on the facade of the pavilion. Here is a glimpse of the India Pavilion façade: To know more about India Pavilion at [...]
Agility Ventures to launch Rs 450 cr fund
New Delhi, Jan 8 (PTI) Angel investor network Agility Ventures on Saturday said it has received approvals from markets watchdog Sebi for an angel fund with a total corpus of Rs 450 crore (USD 60 million) that will be deployed over the next 3-4 years. Agility Ventures network invests in startups or early-stage businesses in [...]
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