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Smart meter stock with orders worth ₹ 11,000 Cr in just 15 days to keep an eye on
Check out this Smart Meter stock engaged in manufacturing and providing Meters and Metering Solutions, undertaking EPC contracts on a turnkey basis, and many more, that has delivered a return of 25 percent in just 15 days upon receiving orders of upto Rs. 11,000 Crores. Price Action With a market capitalization of Rs. 13,984 Crores, [...]
Financially strong stocks in which FIIs consistently increased their stake in last 4 Qtr
Foreign Institutional Investors (FIIs) increasing their holding stake in certain companies indicate a positive outlook on the company's performance, management, and prospects, thereby leading to speculation of expected future growth and upcoming changes in the company. Listed Below are some of the Financially strong and well-known stocks in which Foreign Institutional Investors have consistently increased [...]
Fundamentally strong stocks that have reduced debt in FY24
Fundamentally strong stocks belong to companies with solid financial health and operational efficiency. These stocks usually demonstrate consistent earnings growth, low debt levels, and strong cash flow, which signal their resilience to economic fluctuations. A key indicator of a company’s financial stability and efficiency is its debt level. A year-on-year reduction in debt suggests effective [...]
Stocks in which Tata Mutual Fund bought fresh stake in Q1
Tata Mutual Funds managed by Tata Asset Management Limited is a prominent asset management company in India, that offers a range of investment options to investors through mutual funds to invest in equity, debt, hybrid, and other financial instruments tailored to different risk appetites and financial goals As per corporate shareholdings filed for June 30, [...]
Solar energy stocks with high RoE and RoCE to add to your watchlist
The Indian government has set an ambitious target of achieving 500 GW of renewable energy capacity by 2030, with a strong focus on solar energy. India's solar energy sector has expanded rapidly, reaching an installed capacity of over 70 GW in 2024. The government's initiative to expand solar energy infrastructure is expected to open new [...]
Semiconductor, cement and 3 other stocks that may announce stock split in near future
Companies often announce a stock split for several strategic reasons, such as improving liquidity, maintaining an optimal trading range, demonstrating confidence in future performance, or expanding the shareholder base. A stock split can also address issues related to high stock valuations. This means that retail investors may find it less affordable to purchase shares. A [...]
Stocks to Watch: Deepak Fertilisers and 5 other stocks trading ex-dividend next week
The dividend is the amount of money that a company pays to its shareholders as dividends on a per-share basis. The dividend yield indicates how much a company pays in dividends each year based on its stock price. Here are six stocks that will be trading ex-dividend next week: Deepak Fertilisers And Petrochemicals Corporation Deepak [...]
Solar pump stocks with low PE to add to keep an eye on
The solar pump market in India is experiencing significant growth, driven by government initiatives and increasing demand for sustainable agricultural practices. The Indian government has set ambitious targets under the PM KUSUM scheme, aiming to install millions of solar-powered pumps to enhance irrigation and reduce dependency on conventional power sources. Listed below are such solar [...]
Bluechip stock jumps 3% after it signs MoU to develop anti-drone solutions
Bluechip Stock with a strong presence across automobile, agriculture, logistics, hospitality, financial services, IT, and many others jumped 3 percent in the day’s trade upon signing an MoU to explore opportunities for developing and providing Anti-Drone Solutions to military and civilians. Price Action With a market capitalization of Rs. 3,49,302 Crores, the shares of Mahindra [...]
Textile stock under ₹ 5 hits 5% upper circuit after receiving order worth $43 Mil
Textile stock engaged in the manufacturing of high-quality yarns, socks and many more to big players like Adidas, Fila and many others hit a 5 percent upper circuit in the day’s trade after its subsidiary received a new export order worth $43,875,000. Price Action With a market capitalization of Rs. 1,008.42 Crores, the shares of [...]
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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
Glenfiddich Takes Signature 18-Year-Old Expression to the Next Level
The world’s most awarded single malt Scotch whisky elevates its iconic Glenfiddich 18 range with sophisticated redesign New Delhi, Delhi, India (NewsVoir) Glenfiddich, the World’s Most Awarded Single Malt Scotch Whisky, pays homage to its origins in the Valley of the Deer with a striking new package design for its 18-Year-Old iconic whisky. The new [...]
Yes Bank net advances up by 4 pc to Rs 1,76,422 cr by Dec-end
New Delhi, Jan 4 (PTI) Yes Bank's net advances grew by nearly 4 per cent to Rs 1,76,422 crore on a provisional basis as of December 31, 2021, the bank said on Tuesday. Net advances amounted to Rs 1,69,721 crore as of December 31, 2020. According to the provisional data released by the bank, the [...]
Post DHFL acquisition, Piramal Capital to open 100 branches; expand to 1,000 cities
New Delhi, Jan 4 (PTI) Having access to over 10 lakh customers post acquisition of DHFL last year, Piramal Capital & Housing Finance (PCHFL) plans to open 100 branches and expand to 1,000 more cities in coming years. In September 2021, PCHFL completed acquisition of debt-laden Dewan Housing Finance Ltd (DHFL), thereby creating one of [...]
JANUARY 4,
2022 Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 540 / 590 GINGER BLEACHED - GINGER UNBLEACHED 165 COPRA OFFICE ALAPUZHA 10200 COPRA OFFICE KOZIZODE 10000 COPRA RAJAPUR MUMBAI 21000 COPRA EDIBLE MUMBAI 13500 COCHIN COCONUT OIL -------- COCONUT OIL MUMBAI 1900 T.P ---------------------------- PTI MUM SSB SSB SSB
Indian travellers to Ukraine can now enroll in biometrics at VFS Global Visa Application Centre
Mumbai, Jan 4 (PTI) VFS Global on Tuesday said Indian travellers to Ukraine can now enroll in biometrics at its Visa Application Centre. VFS Global’s services on behalf of the Ukraine Ministry of Foreign Affairs has now extended to include biometric enrolments for Indian customers, according to a statement. Travellers can now visit the VFS [...]
BGE-COMMODITIES
Bengaluru, Jan 4 (PTI) Following are Tuesday's commodities prices (All rates are in Rupees/quintal): Rice Fine 4400-5000: Medium 4500-4800: Jowar 2200-2800: Jaggery cube 4200-4600: Jaggery ball 4600-4700: Coriander Seed 9500-14500 Chillies fine 40000-44000: Potato Big 3000-3500: Medium 2000-2500: Onion Big 2400-2800: Medium 1800-2400: Small 1000-1800: Tamarind 9000-11000: Garlic 6000-7000: Horsegram 4500-4800: Wheat 2500-3500: Turmeric 9500-15000: [...]
Gold futures gain on spot demand
New Delhi, Jan 4 (PTI) Gold prices on Tuesday rose Rs 84 to Rs 47,800 per 10 gram in the futures trade as speculators created fresh positions amid a firm spot demand. On the Multi Commodity Exchange, gold contracts for the February delivery traded higher by Rs 84, or 0.18 per cent, to Rs 47,800 [...]
BMW Group India sales up 34% helping it achieve Highest Growth in a Decade
German automaker BMW on Tuesday reported a sales growth of 34 per cent last year over 2020, its highest growth in a decade in India, with a dispatch of 8,876 units.BMW India said over 40 per cent of the sales were generated last year from locally produced sports activity vehicle (SAV) range including the X1, [...]
Silver futures rise on spot demand
New Delhi, Jan 4 (PTI) Silver prices on Tuesday rose Rs 107 to Rs 61,848 per kg in the futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for the March delivery gained Rs 107, or 0.17 per cent, to Rs 61,848 per kg in [...]
LML appoints Yamaha former exec Partha Choudhary as chief operating officer
Mumbai, Jan 4 (PTI) Two-wheeler maker LML said on Tuesday it has appointed Yamaha former executive Partha Choudhary as its chief operating officer (COO) as it looks to enter the fast-growing electric vehicle space. In his role as COO, Partha will be responsible for leading the operations functions at a time of major business growth [...]
BGE-VEGETABLES
Bengaluru, Jan 4 (PTI) Following are Tuesday's vegetable rates quoted at the Agriculture Produce Marketing Committee (APMC). The rates are per quintal. Cauliflower 1000-6000, Brinjal 500-8000, Tomato 400-5000, Bitter Gourd 2000-5500, Bottle Gourd 1000-2500, Ash Gourd 1000-1500, Green Chilly 350-8815, Banana (Green) 500-19000, Beans 200-6000, Green Ginger 450-5000, Carrot 2500-10000, Cabbage 500-4200, Ladies Finger 350-8500, [...]
ETO Motors partners BSES, Tata Power DDL to set up 3k EV charging stations in Delhi-NCR
New Delhi, Jan 4 (PTI) Electric mobility solutions and services firm ETO Motors on Tuesday said it has partnered BSES and Tata Power DDL to set up around 3,000 electric vehicle (EV) charging stations in the next 2-3 years in Delhi-NCR.The company was appointed and empanelled by Delhi's distribution companies (DISCOMs) -- BSES Rajdhani, BSES [...]
NERL facilitates over Rs 2,000 cr loans against eNWRs since 2018
New Delhi, Jan 4 (PTI) NERL, a subsidiary of agri-commodity bourse NCDEX, on Tuesday said it has facilitated loans worth more than Rs 2,000 crore against electronic Negotiable Warehouse Receipts (eNWRs) since March 2018. Of which, about Rs 87 crore loans have been disbursed against eNWR to accounts of farmer and farmer producer organisations (FPOs) [...]
Mossad may’ve bombed, threatened German & Swiss firms that aided Pak in nuclear weapons: Report
Jerusalem, Jan 4 (PTI) Israel's espionage agency Mossad is suspected of having bombed and issued threats to German and Swiss companies that "energetically worked" to aid Pakistan in its nascent nuclear weapons programme in the 1980s as the Jewish state saw Islamabad acquiring nuclear capabilities as an "existential threat", a leading daily said here on [...]
Naveen Soni takes charge as President of Lexus India
Mumbai, Jan 4 (PTI) Japanese car maker Toyota's luxury car arm, Lexus, on Tuesday announced the appointment of auto industry veteran Naveen Soni as the President of Lexus India with effect from January 1. Soni succeeds P B Venugopal, who will be moving to a new leadership role at Toyota Kirloskar Motor (TKM), India. Mazakasu [...]
Kia to commence Carens bookings from Jan 14
New Delhi, Jan 4 (PTI) Automaker Kia India on Tuesday said it will commence bookings for its upcoming model Carens from January 14. The 3-row recreational vehicle will be offered in five trim levels - Premium, Prestige, Prestige Plus, Luxury and Luxury Plus - coupled with multiple powertrains and 6 and seven seating options, the [...]
CryptoWire launches India’s First Crypto Index
CryptoWire on Monday announced the launch of India’s first cryptocurrencies index- IC15.Some of the constituents of the IC15 are Bitcoin, Ethereum, Cardano, Binance Coin, Bitcoin Cash, Litecoin, Chainlink, Polkadot, Dogecoin, Uniswap, Avalanche, Terra and Shia Inu. It will act as a performance benchmark for fund managers, facilitate accurate replication of the index, and be the preferred [...]
Date : Jan 04, 2022 Money Market Operations as on January 03, 2022 (Amount in ? crore, Rate in Pe
r cent) MONEY MARKETS@ Volume (One Leg)Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,38,723.87 3.27 0.01-3.50 I. Call Money 8,811.40 3.29 2.00-3.50 II. Triparty Repo 4,25,464.60 3.25 2.90-3.42 III. Market Repo 1,04,447.87 3.36 0.01-3.50 IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 291.80 3.14 2.50-3.40 II. Term Money@@ 747.00 [...]
Payments startup Innoviti raises Rs 80 cr in debt, equity
Mumbai, Jan 4 (PTI) Merchants-focused payments solutions provider Innoviti Payment Solutions has raised Rs 80 crore in the first close of a series-D funding round led by Trifecta Debt Fund. The funding, a mix of debt and equity, also saw participation from existing investors Bessemer Venture Partners of the US and Patni Advisors. The other [...]
Bike kitchens: the community-run repair workshops that help build a culture of cycling
Melbourne, Jan 4 (The Conversation) Cycling reduces greenhouse gas emissions, brings myriad health benefits and reduces traffic. But urban planners and policymakers often struggle to get more people on bikes.To increase urban cycling, we need more than extra cycling infrastructure; we need a culture change. A worldwide movement of community bike workshops, also known as [...]
Sebi plans to rope in agency to revamp IT network, communication systems
New Delhi, Jan 4 (PTI) Capital markets regulator Sebi is looking to hire an agency to revamp its IT infrastructure network and communication systems. In a notice, the regulator has invited Expression of Interest (EoI) from solution providers for "upgrade and revamp of IT network, IP (internet protocol) telephony and video conferencing set-up of Sebi". [...]
Amp Energy commissions 30 MW solar project for Bosch
New Delhi, Jan 4 (PTI) Amp Energy India on Tuesday said it has commissioned a 30 MW solar power project for Bosch Ltd. The solar project capacity would be provided from Amp Energy India’s open access facility in Raichur district of Karnataka. This is Amp’s third open access project in Karnataka, it said in a [...]
How COVID-19 changed the way we shop – and what to expect in 2022 and beyond
Sydney, Jan 4 (The Conversation) COVID-19 has dramatically changed how businesses and consumers behave. We’ve seen panic buying, the rise of the “homebody economy” and a strong shift towards contactless shopping.As we emerge from the worst of the pandemic, it seems the right time to reflect on the most important changes in consumer behaviour we’ve [...]
Rising demand lifts refined soya oil futures
New Delhi, Jan 4 (PTI) Refined soya oil prices on Tuesday rose by Rs 3.3 to Rs 1,175 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 3.3, or 0.28 per cent, to Rs 1,175 per 10 [...]
Guar seed futures rise on fresh bets
New Delhi, Jan 4 (PTI) Guar seed prices on Tuesday rose by Rs 23 to Rs 6,084 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 23, or 0.38 per cent, [...]
PRICES MUM GENERAL
MUMBAI, JAN 04 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 61462.00 STANDARD GOLD (99.5) : 47771.00 PURE GOLD (99.9) : 47963.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62,250.00 RS. PER KG.SILVER RDY.(PORTION) : 62,350.00 RS. PER KG.GOLD (24 CARAT) RDY. : 49,850.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46,350.00 RS. [...]
Guar gum futures gain on spot demand
New Delhi, Jan 4 (PTI) Guar gum prices on Tuesday gained Rs 63 to Rs 10,905 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 0.58 per cent, or Rs 63, to Rs 10,905 per [...]
Coriander futures decline on low demand
New Delhi, Jan 4 (PTI) Coriander prices on Tuesday fell by Rs 8 to Rs 9,060 per quintal in futures trade as speculators reduced their positions amid weak demand in spot market.On the National Commodity and Derivatives Exchange, coriander contracts for January eased by Rs 8, or 0.09 per cent, to Rs 9,060 per quintal [...]
Sterlite Power commissions Khargone transmission project worth Rs 1,662 cr in MP
New Delhi, Jan 4 (PTI) Sterlite Power on Tuesday announced successful commissioning of Khargone transmission project worth Rs 1,662 crore in Madhya Pradesh. "Sterlite Power Transmission Ltd, a leading private sector power transmission infrastructure developer and solutions provider, announced the successful commissioning of Khargone Transmission Ltd (KTL) project worth Rs 1,662 crore in Madhya Pradesh," [...]
Cottonseed oil cake futures fall on soft demand
New Delhi, Jan 4 (PTI) Cottonseed oil cake prices on Tuesday declined by Rs 5 to Rs 3,139 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.On the [...]
KOLKATA BULLION OPENING
Kolkata, Jan.04(PTI): SILVER RDY.(BAR) : Rs.62,250.00 Per Kg.SILVER RDY.(PORTION) : Rs.62,350.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,850.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,350.00 Per 10 Gms.HALLMARKED GOLD(22-CT) RDY. : Rs.47,050.00 Per 10 Gms. ---- PTI SAM
JSPL output grows 9 pc to 5.9 MT in Apr-Dec FY22
New Delhi, Jan 4 (PTI) Jindal Steel and Power Limited (JSPL) has manufactured 5.904 million tonnes (MT) steel in the April-December period of FY 2021-22, the company said on Tuesday. At 5.904 MT, the output was 9 per cent higher as compared to the production in the same period of the preceding fiscal, JSPL said [...]
Lanka announces USD 1 billion economic relief package; says won’t default on debt
Colombo, Jan 4 (PTI) The Sri Lankan government on Tuesday announced a USD 1.2 billion economic relief package amidst a severe foreign exchange crisis even as Finance Minister Basil Rajapaksa claimed that the country will not default on its international debt despite the projection of rating agencies about its inability to meet the obligations. Sri [...]
Granules India names KVS Ram Rao as Joint MD, CEO
New Delhi, Jan 4 (PTI) Drug firm Granules India on Tuesday announced the appointment of KVS Ram Rao as Joint Managing Director and Chief Executive Officer (CEO) of the company with effect from January 5, 2022. Rao has over two decades of experience in pharmaceutical and chemical industries. "During the past few years, we have [...]
Alembic Pharma gets USFDA nod for generic drug
New Delhi, Jan 4 (PTI) Alembic Pharmaceuticals on Tuesday said it has received approval from the US health regulator to market Doxycycline Hyclate delayed-release tablets, used to treat drug resistant bacterial infections, in the American market. The company has received approval from the US Food and Drug Administration (USFDA) for its abbreviated new drug application [...]
FMCG distributors across the country are revolting against the manufacturers
FMCG distributors across the country are revolting against manufacturers like HUL, Procter & Gamble, Dabur, etc. with regard to price disparity.They feel that FMCG companies and new-age distributors are destroying their business and harming their goodwill and reputation.The AICPDF’s demand is that traditional distributors also get goods at competetive prices and margins, just like their [...]
Net office space leasing up 2% in 2021; still down 45% from 2019 pre-COVID levels: Report
New Delhi, Jan 4 (PTI) Net leasing of office space across top seven cities grew marginally by 2 per cent last year at 26.17 million square feet, but absorption was 45 per cent lower than record 2019 pre-COVID levels, according to JLL India. The net absorption of office space stood at 25.66 million square feet [...]
Investors’ wealth zooms by over Rs 4.76 lakh cr in first two days of trading in 2022
New Delhi, Jan 4 (PTI) Equity investors are a happy lot as their wealth jumped by Rs 4.76 lakh crore in the first two days of trading in the New Year, driven by optimism in the broader market. The 30-share Sensex zoomed 382.7 points to 59,565.92 in early trade on Tuesday. The benchmark had jumped [...]
MEDIA ALERT: EPAM Systems India Pvt Ltd Certified as a Great Place to Work®
NEWTOWN, Pa., Jan. 4, 2022 /PRNewswire/ -- WHAT: EPAM Systems India Pvt Ltd (EPAM India) is certified as a Great Place to Work-Certified™ organization for their great leadership, consistent employee experience, and sustainable financial performance. Great Place to Work® is the global authority on building, sustaining, and recognizing High-Trust, High-Performance Culture™ at workplaces. The Assessment [...]
Rupee falls 26 paise to 74.54 against US dollar in early trade
Mumbai, Jan 4 (PTI) The rupee declined by 26 paise to 74.54 against the US dollar in opening trade on Tuesday, tracking the strength of the American currency in the overseas market. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil [...]
Moody’s assigns Baa2 rating to Reliance’s $5 bn bonds issue
New Delhi, Jan 4 (PTI) Moody's Investors Service on Tuesday assigned a Baa2 rating to the proposed USD-denominated senior unsecured bonds of Reliance Industries Limited (RIL), with stable outlook. Reliance last week said it will raise as much as USD 5 billion in foreign currency denominated bonds and use the proceeds to retire existing borrowings. [...]
Sensex, Nifty firm up gains in opening session
Mumbai, Jan 4 (PTI) The BSE gauge Sensex rose over 277 points in opening deals on Tuesday, tracking overall buoyancy in global markets led by record-setting US stocks. Continuing its winning momentum, the 30-share benchmark opened with significant gains and saw further consolidation as the trade progressed. In initial deals the Sensex was trading at [...]
Business schedule for Tuesday, Jan 4
DELHI: * TCL virtual press conference (1930 hrs) * Union road transport and highways minister Nitin Gadkari at book launch (1800 hrs) MUMBAI: * No major events listed. PTI DRR DRR
Rajasthan gets investment commitments worth over Rs 6 lakh crore: Official
Jaipur, Jan 3 (PTI) Rajasthan Chief Minister Ashok Gehlot on Monday directed all departments to work in coordination to implement the investment proposals received ahead of the Invest Rajasthan summit proposed to be held here on January 24-25.Gehlot chaired a review meeting in which it was informed that Memorandum of Understanding (MoU)/ Letter of Intent [...]
PM Imran Khan launches Pak-China investment forum
Islamabad, Jan 3 (PTI) Prime Minister Imran Khan on Monday launched an investment forum with China with an aim to increase Chinese companies' funding in Pakistan and to promote business to business industrial cooperation.Addressing the inaugural ceremony, he said investors were being fully facilitated in Pakistan with the government taking steps to remove hurdles in [...]
Business briefs
Future Supply Chain Solutions CFO resigns New Delhi, Jan 3 (PTI) Future Supply Chain Solutions on Monday said its chief financial officer Samir Kedia has resigned. This has been with effect from the closure of working hours of January 3, 2022, the Future group Group logistics arm said in a regulatory filing. "The board of [...]
Vedanta’s cast metal aluminium production at smelters jumps 16 pc to 5,79,000 in Q3FY22
New Delhi, Jan 3 (PTI) Vedanta Ltd on Monday said the cast metal aluminium production at its smelters stood at 5,79,000 tonnes in the third quarter of the current financial, registering an increase of 16 per cent. "The cast metal aluminium production at our smelters stood at 5,79,000 tonnes in Q3 FY22, higher 16 per [...]
Bajaj Electricals’ board approves permanent closure of Shikohabad unit
New Delhi, Jan 3 (PTI) Bajaj Electricals Ltd on Monday said it is going for a permanent closure of its manufacturing unit located at Shikohabad in Uttar Pradesh. "The board of directors of the company at its meeting held today, i.e. on Monday, January 3, 2022, has considered and approved the proposal for permanent closure of operations at the [...]
Irdai issues guidelines on surety insurance biz
New Delhi, Jan 3 (PTI) Regulator Irdai on Monday came out with guidelines to ensure orderly development of the surety insurance business and surety bonds market. The IRDAI (Surety Insurance Contracts) Guidelines, 2022 will come into effect from April 1, 2022, the regulator said in a notification. Surety insurance pertains to a contract to perform [...]
No extraordinary increase in trade with China, says Piyush Goyal
New Delhi, Jan 3 (PTI) Commerce and Industry Minister Piyush Goyal on Monday said there was no extraordinary increase in trade with China and that the trade deficit with the neighbouring country has come down to USD 44 billion in 2021 from USD 48 billion in 2014-15. The minister also said that from 2003 and 2013-14, [...]
FRL-Reliance deal: Future Retail, promoters approach Delhi high court against SIAC order
New Delhi, Jan 3 (PTI) Future Retail Ltd (FRL), along with its promoters, has approached the High Court of Delhi against the orders passed by the Singapore International Arbitration Centre (SIAC) last week related to the Future-Reliance deal. The Singapore tribunal had on December 30 refused to consider the Future group's request for terminating the [...]
Business briefs
*Luxury Ride launches service centre in Jaipur Mumbai, Jan 3 (PTI) Multi-brand pre-owned luxury car retailing showroom Luxury Ride has launched a new service centre in Jaipur to cater exclusively to all the servicing and maintenance needs of such cars. Spread across 15,000 sq ft, the facility has the capacity to service 200 cars per month, Luxury [...]
Irdai to modify norms for remuneration of CEOs, directors of pvt insurers
New Delhi, Jan 3 (PTI) Regulator Irdai on Monday proposed to modify the guidelines on remuneration of non-executive directors, managing directors, CEOs and whole-time directors of private insurance companies with a view to check excessive risk taking behaviour of top executives. As per the proposed guidelines, the remuneration of chief executive, managing directors and whole [...]
Record IPO run has I-bankers laughing their way to bank with highest fee of $1.1 bn in 2021
Investment bankers collected USD 1.1 billion in fees in 2021 driven by a historic IPO boom that saw 63 issuers.The number of IPOs doubled in 2021, while the proceeds quadrupled .Of the total, equity capital markets underwriting fees touched USD 433.8 million, up 49.7 per cent over 2020 and the debt capital market underwriting fees [...]
9Unicorns to nearly double investments to Rs 400 cr in 2022
Mumbai, Jan 3 (PTI) 9Unicorns, an accelerator fund, is targeting to nearly double its investments in start-ups in the new year by infusing over Rs 400 crore, a senior official said on Monday. The city-based platform invested USD 32 million or Rs 240 crore in 2021 in 101 deals, as per an official statement. "Next [...]
Business highlights
New Delhi, Jan 3 (PTI) Following are the top business stories at 2020 hours: DEL47 BIZ-LD STOCKS Markets kick off 2022 in style despite Omicron concerns; Sensex leaps 929 pts Mumbai: Equity indices ratcheted higher in the first trading session of 2022 on Monday, propelled by brisk buying in banking, finance and IT counters amid [...]
Olectra Greentech receives letter of award for 50 e-buses from govt transport authority
Mumbai, Jan 3 (PTI) Olectra Greentech, Hyderabad-based country's largest manufacturer of electric buses, on Monday said it has received a letter of award (LoA) for 50 e-buses from "one of the state transport authorities" for inter-city operations under the central government's FAME-II scheme. These buses are to be delivered in 12 months, the company said [...]
Dhani Services to launch Rs 300 cr public issue of bonds on Tuesday
New Delhi, Jan 3 (PTI) Dhani Services, formerly Indiabulls Ventures, will launch its Rs 300 crore fundraise programme through a public issue of bonds on Tuesday.The non-convertible debenture (NCD) issue has a base size of Rs 150 crore with an option to retain oversubscription of up to Rs 150 crore, aggregating to Rs 300 crore. [...]
Maruti Suzuki reports 2 pc production dip in Dec
New Delhi, Jan 3 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) witnessed a 2 per cent drop in production last month.In a regulatory filing, the auto major reported a total production of 1,52,029 units in December 2021 as compared to 1,55,127 units in the year-ago period.MSI said the total passenger vehicle production stood [...]
RBI allows offline digital payments
Mumbai, Jan 3 (PTI) To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000. An offline digital payment means a transaction that does not require internet or telecom [...]
Middle-men, traders creating havoc by pushing up price of cotton: Exporters
Coimbatore, Jan 3 (PTI): Seeking immediate intervention of Union Textile Minister Piyush Goyal to protect the knitwear garment sector, Tirupur Exporters' Association (TEA) Monday accused middle-men and traders of creating a havoc by jacking up the price of cotton lt during the cotton arrival season. In a letter to Goyal a copy of which was [...]
CSC to undertake first-ever cultural survey of villages
New Delhi, Jan 3 (PTI) Government-promoted CSC SPV, in collaboration with the Ministry of Culture, will undertake the first-ever cultural survey of India's villages through a mobile application. The survey, titled 'Mera Gaon, Meri Dharohar', will document the cultural identity at the village level by involving citizens to share what makes their village, block or [...]
Union Defence Minister Shri Rajnath Singh inaugurates Kalpana Chawla Centre for Research in Space Science and Technology at the campus of Chandigarh University along with Chancellor Satnam Singh Sandhu.
• Defence Minister launches Defence Scholarship Scheme worth Rs 10 Crore for wards of defence personnel • Rajnath Singh calls for long term public-private partnership to make India a knowledge economy • Chandigarh University's 'CUSAT' to be one of the 75 student-made satellites being launched as a part of Amrut Mahotsav CHANDIGARH, India, Jan. 3, [...]
COVID health insurance policies will also cover Omicron infection treatment costs: Irdai
New Delhi, Jan 3 (PTI) Insurance regulator Irdai on Monday said health insurance policies that cover COVID treatment costs will also cover expenses for treating infections due to Omicron. "All health insurance policies issued by all general and health insurance companies that cover treatment costs of COVID-19 also cover the costs of treatment towards Omicron [...]
Business briefs
*Luxury Ride launches service centre in Jaipur Mumbai, Jan 3 (PTI) Multi-brand pre-owned luxury car retailing showroom Luxury Ride has launched a new service centre in Jaipur to cater exclusively to all the servicing and maintenance needs of such cars. Spread across 15,000 sq ft, the facility has the capacity to service 200 cars per month, Luxury [...]
Olectra Greentech receives letter of award for 50 e-buses from govt transport authority
Mumbai, Jan 3 (PTI) Olectra Greentech, Hyderabad-based country's largest manufacturer of electric buses, on Monday said it has received a letter of award (LoA) for 50 e-buses from "one of the state transport authorities" for inter-city operations under the central government's FAME-II scheme. These buses are to be delivered in 12 months, the company said [...]
Dec-qtr revenue growth in low teens amid continuing inflation: Marico
New Delhi, Jan 3 (PTI) FMCG major Marico on Monday said its consolidated revenue grew in "low teens" during October-December, hit by slowing consumption across the sector due to continuing inflation. The company expects its gross margin to improve sequentially but remain lower on a year-on-year basis, while its operating margins are expected to be [...]
CryptoWire rolls out global index ‘Cryptocurrencies IC15’
New Delhi, Jan 3 (PTI) CryptoWire, a crypto super app on Monday announced the launch of India's first index of cryptocurrencies, IC15 with a view to empowering knowledge on blockchain ecosystem. The index tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, CryptoWire [...]
Exports surge 37 pc to record USD 37.29 bn in Dec: Govt data
New Delhi, Jan 3 (PTI) The country's exports in December surged 37 per cent on an annual basis to USD 37.29 billion, the highest-ever monthly figure, government data showed on Monday. Outbound shipments during April-December 2021 crossed USD 300 billion, exceeding the exports of 2020-21, as per data by the commerce ministry. Addressing a press [...]
Scheme of arrangement: Sebi provides clarity on NOC submission from banks, DTs
New Delhi, Jan 3 (PTI) Sebi on Monday provided clarity on the timing of submission of No Objection Certificate (NOC) from banks and financial institutions in respect of draft schemes pertaining to mergers and demergers filed by listed companies with the stock exchanges. Under the rules, listed entities desirous of undertaking a scheme of arrangement are [...]
Software exporters set for strong revenue growth in Q3: Report
Mumbai, Jan 3 (PTTI) Export-dependent software companies are set to report a strong sequential revenue growth in the range of 2.6 to 6 per cent in the seasonally weak December quarter, according to a report. The December 2021 quarter earnings season will begin later this week or early next week with industry leaders TCS and [...]
Launch of Internshala Career Scholarship for Girls (ICSG) – 2022
Internshala, the recruitment and training platform, has announced its annual scholarship, Internshala Career Scholarship for Girls (ICSG) — 2022. ICSG is an annual award of INR 25,000. The reward is meant to recognise a girl who has fought against odds to pursue a career of her dreams in any field — academics, sports, arts, or [...]
2022: On first trading day, investors’ wealth jump over Rs 3.49 lakh cr
New Delhi, Jan 3 (PTI) Investors' wealth jumped by Rs 3,49,642.03 crore on Monday, the first day of trading in 2022, helped by a rally in the equity market. The 30-share Sensex zoomed 929.40 points or 1.60 per cent to settle at 59,183.22. During the day, it gained 1,012.57 points to touch 59,266.39. Cheering the [...]
IG International opens new cold storage facility in Delhi at Rs 40 cr investment
Mumbai, Jan 3 (PTI) Fresh fruit importer IG International on Monday announced the launch of its new cold storage facility in New Delhi with an investment of Rs 40 crore. "The Delhi 3,000-sq metre facility, with an investment of Rs 40 crore, is our 17 facility across the country. With this, we intend to expand [...]
Kia India posts 28% jump in vehicle sales to 2,27,844 units in 2021
New Delhi, Jan 3 (PTI) Automaker Kia India on Monday reported a 28 per cent increase in total sales at 2,27,844 units in 2021 amid supply constraints of semiconductors during the year. The company had sold a total of 1,77,982 units in 2020. Domestic sales stood at 1,81,583 units in 2021 as against 1,40,497 units [...]
NEWSALERT
Exports during April-Dec 2021 crossed USD 300 billion: Govt data. PTI RR ABM ABM
Snapdeal to promote NHA’s ‘National Health ID’ programme
New Delhi, Jan 3 (PTI) E-commerce platform Snapdeal on Monday said the company is leveraging its pan-India reach, especially across smaller cities and towns, to promote the National Health Authority's 'National Health ID' programme. The company will leverage its digital presence including the website, mobile application, and social media accounts to increase awareness about the [...]
Ajmera Realty to invest Rs 110 cr to redevelop housing society in Mumbai
New Delhi, Jan 3 (PTI) Ajmera Realty & Infra India Ltd on Monday said it will invest Rs 110 crore to redevelop a housing society in Mumbai. The company has executed a development agreement to undertake redevelopment of Fairyland Co-operative Housing Society, located at Juhu in Mumbai. "The company will invest approximately Rs 110 crore [...]
GPT Healthcare gets Sebi approval for IPO
New Delhi, Jan 3 (PTI) GPT Healthcare, which runs the chain of ILS Hospitals, has received capital markets regulator Sebi's go-ahead to raise up to Rs 500 crore through an initial share sale. The Initial Public Offering (IPO) comprises fresh issuance of equity shares worth Rs 17.5 crore and an Offer For Sale (OFS) of [...]
Software exporters expected to see strong revenue growth in Q3: Report
Mumbai, Jan 3 (PTI) Software exporters are set for a weak earnings season with some of them finding their EPS growth falling to the tune of 15 per cent, despite strong revenue growth of 2.6 to 6 per cent in the seasonally weak quarter ending December, according to a report. The December 2021 quarter earnings [...]
Rupee pares initial losses, settles almost flat at 74.28/USD in first trading session of 2022
Mumbai, Jan 3 (PTI) The rupee pared its initial losses and closed with slim gains in the first trading session of 2022 on Monday, tracking positive domestic equities. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the [...]
Sebi tweaks exercise mechanism of options on commodity futures
New Delhi, Jan 3(PTI) Capital markets regulator Sebi on Monday tweaked the "exercise mechanism" of option contracts on commodity futures. The decision has been taken based on feedback received from stock exchanges and the recommendations of Commodity Derivatives Advisory Committee of Sebi. In a circular, Sebi said the prescribed mechanism will be adopted by exchanges [...]
Tata Motors shares jump over 3 pc post December sales data
New Delhi, Jan 3 (PTI) Shares of Tata Motors on Monday gained over 3 per cent after the company reported a 50 per cent jump in total passenger vehicle sales in December 2021. The stock jumped 3.13 per cent to settle at Rs 497.45 on BSE. During the day, it gained 3.82 per cent to [...]
Inox Wind seeks shareholders nod to raise up to Rs 90 cr via convertible warrants
New Delhi, Jan 3 (PTI) Inox Wind Energy will seek shareholders' approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants in its Extraordinary General Meeting (EGM) later this month. The convertible warrants will be issued at the rate of Rs 847 per unit in the EGM on January 25, [...]
Small Finance Banks’ AUM expected to grow at 20 pc during FY2022: Report
Mumbai, Jan 3 (PTI) The assets under management (AUM) of small finance banks (SFBs) are expected to marginally register a growth of 20 per cent in the financial year 2020-21 compared with 18 per cent growth witnessed in the previous financial year, according to a report. However, the AUM growth will be lower compared to [...]
New Drug Molnupiravir Get DCGI Approval, Can It Be the Solution for the Fight Against COVID-19
New Delhi, Delhi, India – Business Wire India As countries prepare themselves to fight a possible ‘next wave’. The new variant – Omicron has been making headline and a surge in Covid 19 cases are evident. According to a study based on population-level evidence, the recently identified Omicron variant of SARS-CoV-2 is associated with a [...]
Being diagnosed with heart failure is not the end of life, it can be managed
Many of us have seen our near and dear ones complaining of symptoms like chest pain or increased fatigue in day-to-day activities. Then a physician runs a few tests and diagnoses it as heart failure. This story repeats itself for many families across India. Heart failure is the gradual weakening of the heart muscle and [...]
PRICES MUM GENERAL
MUMBAI, JAN 03 (PTI) CLOSING RATES SILVER SPOT (IN RS PER KILO) : 62255.00 STANDARD GOLD (99.5) : 48139.00 PURE GOLD (99.9) : 48333.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62,250.00 RS. PER KG.SILVER RDY.(PORTION) : 62,350.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48,850.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46,350.00 RS. [...]
Markets kick off 2022 in style despite Omicron concerns; Sensex leaps 929 pts
Mumbai, Jan 3 (PTI) Equity indices ratcheted higher in the first trading session of 2022 on Monday, propelled by brisk buying in banking, finance and IT counters amid a global rally even as surging Omicron cases remained an overhang. A recovering rupee and encouraging macroeconomic data further bolstered sentiment, traders said. Starting off the session [...]
Source nations shortlisted for exploring possibilities of mineral asset acquisitions: Mines ministry
New Delhi, Jan 3 (PTI) The mines ministry on Monday said select source countries have been shortlisted for exploring the possibilities of mineral assets acquisition abroad. KABIL, a joint venture company, has been engaged to look for source countries like Australia, Argentina, Bolivia and Chile that have critical and strategic minerals. The company has been [...]
CSB Bank advances up nearly 11.5 pc to Rs 14,827 cr in Dec quarter: Provisional data
New Delhi, Jan 3 (PTI) Gross advances of CSB Bank grew 11.55 per cent to Rs 14,827.10 crore in the quarter ended December 31, 2021, according to the lender's provisional data released on Monday. In the corresponding quarter a year ago, the private sector bank had reported gross advances worth Rs 13,291.39 crore. Even as [...]
NCC bag orders worth Rs 1,898 cr in December
New Delhi, Jan 3 (PTI) NCC on Monday said it has received five new orders worth Rs 1,898 crore in December. Three orders worth Rs 988 crore pertain to the building division and the remaining two orders of Rs 910 crore pertain to the water division, NCC said in a BSE filing. "NCC has received [...]
Dubai’s Emaar group to develop 5 lakh sq ft shopping mall in Srinagar
New Delhi, Jan 3 (PTI) Dubai-based realty firm Emaar Properties on Monday said it will develop a 5 lakh square feet shopping mall at Srinagar in Jammu & Kashmir. A memorandum of understanding (MoU) has been signed between the governments of Dubai and Jammu & Kashmir to facilitate investments into this proposed project, Emaar said [...]
Gujarat Summit:39 MoUs signed, including for nano satellites research centre, lithium refinery
Gandhinagar, Jan 3 (PTI) A total 39 MoUs were signed on Monday as part of the upcoming 10th Vibrant Gujarat Global Summit, including those to set up the country's first lithium refinery and research centre for nano satellites. The memoranda of understandings (MoUs) also comprise initial pacts signed by educational institutions for research and training [...]
Kitchen Chores Made Efficient with Hafele’s Pluma Deck Mounted Cold Faucet
Bangalore, Karnataka, India (NewsVoir) The kitchen sink is the heart of our kitchen, and it needs a consistent water supply to keep it pumping i.e. helping us carry out all the different chores throughout the day. Most of the prepping, cooking and cleaning chores are carried out at and near the sink centre. The faucet [...]
Gold declines by Rs 84; silver tumbles Rs 369
New Delhi, Jan 3 (PTI) Gold price in the national capital on Monday dipped by Rs 84 to Rs 47,053 per 10 grams, in-line with decline in international precious metal prices, according to HDFC Securities.In the previous trade, the precious metal settled at Rs 47,137 per 10 grams.Silver also dipped by Rs 369 to Rs [...]
ICICI Prudential AMC and Nippon Life India Asset Management to launch industry’s First Auto ETF’s.
Nippon Life India Asset Management Limited and ICICI Prudential AMC announced the launch of India’s First Auto sector ETFs, respectively. These funds will open on January 5, 2022, and will be based on the Nifty auto index.The Nifty auto index has outperformed Nifty 50 in seven of the 11 preceding years. Nippon Life India Asset Management’s [...]
Gujarat govt doubles land payout for installing power infra
Ahmedabad, Jan 3 (PTI) The Gujarat government on Monday announced a twofold hike in compensation to be paid for using land to install power transmission towers and electricity lines, a move that will benefit farmers and other landowners.At present, affected farmers and landowners are entitled to get a compensation equivalent to 7.5 per cent of [...]
Bike Bazaar Finance disburses Rs 100 cr loans for Hero MotoCorp bikes
Mumbai, Jan 3 (PTI) Bike Bazaar Finance disbursed Rs 100-crore worth of loans for the Hero MotoCorp range of motorcycles and scooters in November last year, the company said on Monday. Hero MotoCorp has an alliance with Bike Bazaar Finance, an arm of Bike Bazaar, to facilitate fast and flexible loans primarily in the rural [...]
NMIMS NMATbyGMAC additional registration window to start from 3rd to 9th January 2022
- NMIMS accepts score of the first NMAT examination attempted by the candidate only - NMIMS offers 1680 seats across all campus MUMBAI, India, Jan. 3, 2022 /PRNewswire/ -- SVKM's NMIMS Deemed-to-be University's School of Business Management in Mumbai and School of Management at Bengaluru, Hyderabad, Navi Mumbai, and Indore is offering students who have [...]
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