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Pharma stock jumps after launching cancer treatment drug in US; Receives share target
The shares of this large-cap compnay jumped around 2 percent after launching a generic formulation to treat ovarian cancer in the United States. The stock has delivered around 70 percent return to its shareholders on a YTD basis. Price Movement: With a market capitalization of Rs. 1,02,129 crores, the shares of Lupin Ltd started Friday’s [...]
Navratna stock jumps 4.5% after it received ₹ 202 Cr order from Indian railways
The shares of this Navratna CPSE firm under the Ministry of Railways (MoR) surged by 4.5 percent to reach an intraday high of Rs 605. per share, on Friday after the company secured ₹202 crores from Indian railways. At 12:46 p.m., Rail Vikas Nigam Ltd (RVNL) shares were trading at ₹600.45 per share, up 3.65% [...]
Ethanol stocks jump 15% after Govt removes cap on sugar diversion for ethanol production
The government of India (GoI) has removed the cap on sugar diversion for ethanol production for the 2024-25 season reversing last year's ban. This policy change allows sugar mills to produce ethanol from sugarcane juice and B-heavy molasses, enhancing their operational flexibility and potential profitability. Following the new update on the removal of the cap [...]
Tata group and RK Damani stocks to buy for an upside of 25%; Do you own any?
Alliance Bernstein Holding L.P., a leading global asset management firm, offers investment management and research services to a broad client base, including institutional investors, high-net-worth individuals, and retail clients. Bernstein recently initiated coverage on India's retail and restaurant sectors, suggesting that demand can be unlocked beyond the top 10 percent of the wealth pyramid and [...]
PSU stock jumps 3% after receiving order for 500 EVMs from election commission of West Bengal
The shares of this midcap company jumped around 3 percent after its first EVM order from West Bengal State Election Commission. In one year, the stock has delivered more than 150 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 29,542 crores, the shares of ITI Ltd started Friday’s trading session [...]
Stock with order book of more than ₹ 25,000 Cr sets revenue target of ₹ 10,000 Cr
The global shipbuilding market is projected to expand from $150 billion to $180 billion by 2030, presenting a significant opportunity for Indian shipbuilders to increase their share. With a focus on indigenizing the supply chain and enhancing technological capabilities, the Indian shipbuilding industry is poised for a transformative phase in the coming years. With a [...]
Cement stocks trading at discount up to 22% to keep on your radar
The Sensex ended the session up by 399.73 points or 0.49 percent at 82,185.29, while the Nifty gained 106.20 points or 0.42 percent to close at 25,158.50. Market breadth was negative, with 1,348 shares advancing, 2,421 shares declining, and 95 shares remaining unchanged. The BSE Midcap and Smallcap indices both declined by 0.5 percent. The [...]
Penny stock hits 5% upper circuit after receiving order worth ₹ 287 Cr for irrigation project
The shares of this microcap clocked a 5 percent upper circuit in Thursday’s trading session after receiving an order worth Rs. 287 crores for major pipeline irrigation project. Price Movement: With a market capitalization of Rs. 115 crores, the shares of Rachana Infrastructure Ltd started Thursday’s trading session on a flatter note at Rs. 58.70. [...]
2 PSU multibagger stocks to buy now for an upside of 20%
Foreign brokerage firm UBS has recommended a ‘buy’ rating on two PSU multibagger stocks, highlighting their strong growth prospects driven by the shift towards renewable energy and infrastructure financing. UBS anticipates that REC and PFC will have similar growth drivers and trajectories, with REC expected to grow slightly faster than PFC. The brokerage sees both [...]
Reliance shares jump 3% after announcement of bonus issue; Check the details
The shares of this Fortune 500 company gained up to 3 percent after the company’s board scheduled a meeting to consider and approve a 1:1 bonus issue. With a market capitalization of Rs 20.66 lakh crore, the shares of Reliance Industries Limited were trading at Rs 3,065.65 per share, increasing around 2.33 percent as compared [...]
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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
EasyGov announces enhancements to digital solution for social protection programmes
New Delhi, Jan 3 (PTI) EasyGov, a start-up in the GovTech space, on Monday announced enhancements to its digital solution for social protection programmes.EasyGov is working towards transformation in the design and delivery of social protection programmes, according to a statement."EasyGov (Surajya Services) today announced innovative enhancements to its white-labelled digital solution," the statement said.Currently, [...]
One Moto India plans to invest Rs 250 cr to set up manufacturing unit in Telangana
New Delhi, Jan 3 (PTI) Electric two-wheeler maker One Moto India on Monday said it plans to invest Rs 250 crore to set up a manufacturing unit in Telangana. The company has signed a memorandum of understanding with the state government to set up the new facility at the outskirts of the capital Hyderabad, One-Moto [...]
Lockdown of retail biz should be last resort in case of extreme strain on health infra : RAI
New Delhi, Jan 3 (PTI) Retailers Association of India (RAI) on Monday said partial or total lockdown of retail businesses should only be considered as a last resort in case of extreme strain on healthcare infrastructure, amid a surge of COVID-19 cases in the country. Asserting that ensuring economic health and continuity of employment is [...]
SBI Mutual Fund launches CPSE Bond Plus SDL index fund
Mumbai, Jan 3 (PTI) SBI Mutual Fund on Monday launched a CPSE Bond Plus SDL index fund, an open-ended targeted maturity index fund investing in the constituents of the Nifty CPSE Bond Plus SDL Sep 2026 index. The new fund, which tracks the state development loans (SDL) September 2026 50:50, opened on Monday and closes [...]
COMMODITY PRICES
MUMBAI, JAN 3, 22 (PTI) METAL PRICES:- COPPER COPPER CABLE SCRAP 728.00 COPPER HEAVY SCARP 717.00 COPPER ARMATURE (CREDIT) 699.00 COPPER UTENSIL SCRAP 635.00 C.C. ROD 774.00 BRASS BASS SHEET CUTTING 540.00 BRASS UTENSIL SCRAP 480.00 BRASS HONEY 475.00 ALUNINIUM ALU. UTENSIL SCRAP 185.00 ALU. EXT SCRAP 208.00 ALU. INGOTS. 234.00 OTHER GUN METAL SCRAP [...]
Rupee pares initial losses, settles 3 paise up at 74.26/USD in first trading session of 2022
Mumbai, Jan 3 (PTI) The rupee pared its initial losses and closed on a positive note in the first trading session of 2022 on Monday, tracking positive domestic equities. At the interbank forex market, the local unit opened at 74.35 against the greenback and witnessed an intra-day high of 74.25 and a low of 74.47. [...]
Reliance becomes promoter in SWREL, holds over 40 pc stake
New Delhi, Jan 3 (PTI) Sterling and Wilson Renewable Energy Ltd (SWREL) on Monday said that Reliance New Energy Solar Ltd (RNESL) has become its promoter post payment of balance Rs 1,583 crore for acquisition of 25.90 per cent equity in it. With this transaction, RNESL and other group firms together hold over 40 per [...]
Market starts 2022 with a bang: Sensex soars 929 pts to reclaim 59K
Mumbai, Jan 3 (PTI) The Indian equity market kicked off 2022 on a bullish note on Monday, with the benchmark BSE Sensex surging over 900 points to reclaim the 59,000-level. Starting off the session confidently, the BSE gauge further strengthened its gains as the trade progressed and went to hit the day's high of 59,266.39. [...]
Institutional investments in real estate down 17pc in 2021 at USD 4 bn: Report
New Delhi, Jan 3 (PTI) Institutional investment in real estate fell 17 per cent year-on-year in 2021 to USD 4 billion because of lower inflows in office segment, according to property consultant Colliers India.Institutional investments declined to USD 4,033 million in 2021 from USD 4,833 million in the previous year.Colliers India attributed the fall in [...]
Over 500 employees, ex-staff of IPO-bound OYO buy around 3 cr shares
New Delhi, Jan 3 (PTI) More than 500 employees and ex-employees of IPO-bound OYO have exercised their stock options grants to purchase over three crore shares of the company, according to regulatory filings by the hospitality chain. These shares have been purchased by the employees and alumni by exercising their vested Employees' Stock Option Plan [...]
Tech Mahindra gets data analytics specialisation in Google Cloud partner advantage program
New Delhi, Jan 3 (PTI) IT company Tech Mahindra on Monday announced it has achieved the Data Analytics specialisation certification in the Google Cloud Partner Advantage Program, strengthening its expertise in data analytics space.As a premier partner for Google Cloud, Tech Mahindra has been at the forefront of enabling cloud adoption for enterprises globally, the [...]
JANUARY 3, 2022
Mumbai :- PEPPER COPRA RATES :- BLACK PEPPER READY 550 / 600 GINGER BLEACHED - GINGER UNBLEACHED 170 COPRA OFFICE ALAPUZHA 10200 COPRA OFFICE KOZIZODE 10000 COPRA RAJAPUR MUMBAI 23000 COPRA EDIBLE MUMBAI 13000 COCHIN COCONUT OIL -------- COCONUT OIL MUMBAI 1750 T.P ---------------------------- PTI MUM SSB SSB SSB
Azure Power commissions 600 MW solar project in Rajasthan
New Delhi, Jan 3 (PTI) Azure Power on Monday said it has commissioned a 600 MW solar power project in Bikaner. According to a statement, the power generated from the project, located in Rajasthan, will be supplied to SECI at a tariff of Rs 2.53 per kWh for 25 years. This is the largest solar [...]
OILSEEDS PRICES
MUMBAI, JANUARY 3, 2022 (PTI) MUMBAI - OIL SEEDS G.Nut Raw 1320.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1185.00 Sunflower Exp.Ref. 1250.00 Cottonseed(Refined) 1190.00 Refined Palm Oil 1148.00 Soyabean Ref. 1190.00 Imp.Soyabean Crude - Rapeseed Ref. 1590.00 Rapeseed Exp. 1540.00 Copra white 1700.00 Rice Bran 4-7% FFA - Rice Bran 1090.00 Linseed 1850.00 [...]
WardWizard Innovations and Mobility posts multifold jump in EV sales to 3,860 units for Dec
Mumbai, Jan 3 (PTI) Gujarat-based WardWizard Innovations and Mobility Ltd, the maker of 'Joy e-bike' brand of electric two-wheelers, on Monday said it registered a 548 per cent y-o-y jump in sales to 3,860 units in December 2021. The company also said that for the first time, its December 2021 quarter (October-December) sales stood at [...]
Reliance becomes promoter in SWREL, holds over 40 pc stake
New Delhi, Jan 3 (PTI) Sterling and Wilson Renewable Energy Ltd (SWREL) on Monday said that Reliance New Energy Solar Ltd (RNESL) has become its promoter post payment of balance Rs 1,583 crore for acquisition of 25.90 per cent equity in it. With this transaction, RNESL and other group firms together hold over 40 per [...]
MGR-ARECA-COCONUT-PRICES’
Mangaluru, Jan 3 (PTI) Following are Monday's Areca and coconut prices. Areca (per QTL) Old Supari : Rs 48000 to Rs 53000 model Rs 51500 New Supari : Rs 38000 to Rs 45000 model Rs 43000 Koka : Rs 35000 to Rs 40000 model Rs 37500 Coconut (per thousand): 1st qlty : Rs 20000 to [...]
RBI gives approval to Fino Payments Bank’s international money transfer service
New Delhi, Jan 3 (PTI) Customers of Fino Payments Bank will be able to receive remittance money sent from overseas as it has been granted approval by the Reserve Bank of India (RBI) to offer the international money transfer service. Fino Bank has received the RBI approval to commence the international remittance business under the [...]
BGE-VEGETABLES
Bengaluru, Jan 3 (PTI) Following are Monday's vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-5000, Brinjal 800-7000, Tomato 400-5000, Bitter Gourd 2000-7000, Bottle Gourd 1000-3500, Ash Gourd 1000-1500, Green Chilly 350-10000, Banana green 500-19000, Beans 150-7000, Green Ginger 450-5000, Carrot 2500-10000, Cabbage 500-4500, Ladies Finger 350-8100, Snake gourd 1400-3900, [...]
India still waiting for global sugar prices to rise to strike export deals: ISMA
New Delhi, Jan 3 (PTI) Indian sugar mills are still waiting for global sugar prices to rise to enter into further export deals, industry body ISMA said on Monday. Owing to fall in global prices of raw sugar, not many export contracts happened in the last one month or so, beyond the [...]
BGE-COMMODITIES
Bengaluru, Jan 3 (PTI) Following are Monday's commodities prices (All rates in Rs/quintal): Rice Fine 4400-5000: Medium 4500-4800: Jowar 2200-2800: Jaggery cube 4200-4600: Jaggery ball 4600-4700: Coriander Seed 9500-14500: Chilies fine 40000-44000: Potato Big 3000-3500: Medium 2000-2500: Onion Big 2400-2800: Medium 1800-2400: Small 1000-1800: Tamarind 9000-11000: Garlic 5500-6500: Horsegram 4500-4800: Wheat 2500-3500 Turmeric 9500-15000: Turdhal [...]
KOLKATA BULLION CLOSING
Kolkata,Jan.03(PTI): SILVER RDY.(BAR) : Rs.62,250.00(62,800.00) Per Kg. SILVER RDY.(PORTION) : Rs.62,350.00(62,900.00) Per Kg. GOLD (24-CARAT) RDY. : Rs.48,850.00(49,000.00) Per 10 Gms. GOLD (22-CARAT) RDY. : Rs.46,350.00(46,500.00) Per 10 Gms. HALLMARKED GOLD(22-CARAT) RDY. : Rs.47,050.00(47,200.00) Per 10 Gms. ---- PTI SAM
Aluminium futures rise marginally on positive cues
New Delhi, Jan 3 (PTI) Aluminium prices on Monday rose 0.42 per cent to Rs 226.20 per kg in the futures trade as speculators built up fresh positions amid a positive trend in the spot market. On the Multi Commodity Exchange, aluminium contracts for the January delivery gained 95 paise, or 0.42 per cent, to [...]
Nickel futures gain on firm spot demand
New Delhi, Jan 3 (PTI) Nickel prices on Monday increased 0.08 per cent to Rs 1,570.90 per kg in the futures trade, as speculators built up fresh positions amid rising demand from alloy makers in the spot market. On the Multi Commodity Exchange, nickel contracts for the January delivery gained Rs 1.30, or 0.08 per [...]
Zinc futures edge higher on robust demand
New Delhi, Jan 3 (PTI) Zinc prices on Monday rose 60 paise to Rs 288.55 per kg in the futures trade, tracking a firm trend in physical markets. On the Multi Commodity Exchange, zinc contracts for January traded higher by 60 paise, or 0.21 per cent, to Rs 288.55 per kg with a business turnover [...]
Copper futures decline on tepid spot demand
New Delhi, Jan 3 (PTI) Copper prices on Monday fell 0.01 per cent to Rs 748.85 per kg in the futures trade, as participants trimmed their bets amid a weak trend in the domestic market. On the Multi Commodity Exchange, copper for delivery in January was trading lower by 5 paise, or 0.01 per cent, [...]
Crude oil futures gain on higher demand
New Delhi, Jan 3 (PTI) Crude oil prices on Monday rose Rs 47 to Rs 5,672 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the January delivery traded higher by Rs 47, or 0.84 per cent, to Rs 5,672 per barrel in 7,321 [...]
Silver futures drop on subdued demand
New Delhi, Jan 3 (PTI) Silver futures on Monday eased by Rs 339 to Rs 62,321 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for the March delivery declined Rs 339, or 0.54 per cent, to Rs 62,321 per kg in a business turnover of 10821 [...]
Gold futures fall on low demand
New Delhi, Jan 3 (PTI) Gold prices on Monday fell Rs 86 to Rs 48,013 per 10 grams in the futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for February traded were lower by Rs 86, or 0.18 per cent, to Rs 48,013 per 10 grams [...]
India seeks emergency meeting of WTO’s General Council this month to discuss COVID package
India has sought an emergency meeting to discuss the WTO’s response package to deal with the COVID-19 pandemic including the patent waiver proposal.Expressing disappointment over no progress on TRIPs (Trade-Related Aspects of Intellectual Property Rights) waiver proposal to deal with the pandemic, India has called for including this proposal into WTO’s proposed response package. India [...]
DIRECT EXCHANGE RATES-SBI
MUMBAI, JAN 3,200 (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 CODE TTBUY TTSEL BILLBUY TTSEL USD/INR 73.64 75.14 73.58 75.30 EURO EUR/INR 82.99 85.82 82.92 85.99 GBP/INR 98.86 102.05 98.78 102.26 JPY/INR 63.46 65.60 63.41 [...]
Azure Power fully commissions its 600 MWs SECI project, the largest owned and operated single site solar project in India
NEW DELHI, Jan. 3, 2022 /PRNewswire/ -- Azure Power (NYSE: AZRE), a leading independent sustainable energy solutions provider in India, today announced the successful commissioning of its largest project- 600 MWs Interstate Transmission System (ISTS) connected solar project, allocated by Solar Energy Corporation of India (SECI). The project is in Bikaner, Rajasthan and the power [...]
Kaivalyadhama sets forth a successful 10th International Conference on Yoga and Mental Health
MUMBAI, India, Jan. 3, 2022 /PRNewswire/ -- Kaivalyadhama's 10th International Conference on Yoga and Mental Health: Scope, Evidence, and Evolution, saw a successful arrival of participants this year as it aimed to initiate a forward-looking debate and discussion on integrating traditional Yogic science with modern psychological systems. Held from 28th to 30th December 2021, the [...]
BollyCoin’s Dabangg NFT Collection is Now Live
You can now bid on your favorite dialogues, sequences, posters and character art from the Dabangg franchise on BollyCoin.com Mumbai, Maharashtra, India (NewsVoir) The recently launched NFT platform for exclusive Bollywood content, BollyCoin, announced that their first collection of NFTs from the Dabangg film franchise is now live. The project, co-founded by producer and actor [...]
India’s Oct-Dec sugar output up 4.75 pc at 115.70 lakh tonne: NFCSFL
New Delhi, Jan 3 (PTI) The country's sugar production is estimated to have risen by 4.75 per cent to 115.70 lakh tonne during the October-December period of the 2021-22 season, sugar cooperatives body NFCSFL said on Monday. Sugar output stood at 110.45 lakh tonne in the same period of 2020-21 season. Sugar season runs from [...]
Money Market Operations as on January 01, 2022 (Amount in ? crore, Rate in Per cent) MONEY MARKET
S@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 18,803.40 3.40 2.70-3.70 I. Call Money 1,785.40 3.27 2.70-3.70 II. Triparty Repo 17,018.00 3.42 3.20-3.70 III. Market Repo 0.00 - IV. Repo in Corporate Bond 0.00 - B. Term Segment I. Notice Money** 6.45 2.75 2.75-2.75 II. Term Money@@ 0.00 - - III. [...]
Soybean futures slip on muted demand
New Delhi, Jan 3 (PTI) Soybean prices on Monday fell by Rs 70 to Rs 6,200 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery declined by Rs 70, or 1.12 per cent, to Rs 6,200 per [...]
Toyota Kirloskar sales up 45 % to 10,832 units in Dec
New Delhi, Jan 3 (PTI) Toyota Kirloskar Motor (TKM) on Monday said its sales rose 45 per cent to 10,832 units in December 2021. The company had sold 7,487 units in the domestic market in December 2020. For 2021, the automaker reported wholesales of 1,30,768 units in the domestic market, up 72 per cent from [...]
Rising demand lifts refined soya oil futures
New Delhi, Jan 3 (PTI) Refined soya oil prices on Monday rose by Rs 11.7 to Rs 1,176 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 11.7, or 1 per cent, to Rs 1,176 per 10 [...]
Guar seed futures rise on fresh bets
New Delhi, Jan 3 (PTI) Guar seed prices on Monday rose by Rs 66 to Rs 6,093 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 66, or 1.1 per cent, [...]
Guar gum futures gain on spot demand
New Delhi, Jan 3 (PTI) Guar gum prices on Monday gained Rs 167 to Rs 10,923 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 1.75 per cent, or Rs 167, to Rs 10,923 per [...]
Synapse Design, a QuEST Global Company, joins TSMC Design Center Alliance (DCA)
BENGALURU, India and SANTA CLARA, Calif., Jan. 3, 2022 /PRNewswire/ -- Synapse Design, a QuEST Global company, today announced the company has joined the Design Center Alliance (DCA) program of TSMC Open Innovation Platform® (OIP). The TSMC DCA program focuses on chip-implementation services and system-level design solutions to help lower design barriers for customers adopting [...]
Coriander futures rise on spot demand
New Delhi, Jan 3 (PTI) Coriander prices on Monday rose by Rs 292 to Rs 9,090 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 292, or 3.32 per cent, to Rs 9,090 per quintal with [...]
EV maker Ampere inaugurates its first experience centre in Tamil Nadu
Mumbai, Jan 3 (PTI) Greaves Cotton's e-two-wheeler arm Ampere on Monday inaugurated its first and one-of-a-kind experience centre at Ranipet, Tamil Nadu. Located at the newly launched mega EV facility in Ranipet, the facility is designed with digital interventions that can enable the customer to experience Ampere's electric vehicles, the company said in a release. [...]
Start Today and Achieve Financial Goals Easily with High FD Interest Rates
Pune, Maharashtra, India (NewsVoir) Starting an investment journey early in life is always beneficial. It allows one to stay invested for a longer duration and make the most of compounding interest. However, it is essential to pick suitable instruments when choosing an investment plan. Usually, the options vary based on their risk and picking safer [...]
PRICES MUM GENERAL
MUMBAI, JAN 03 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 62035.00 STANDARD GOLD (99.5) : 48086.00 PURE GOLD (99.9) : 48279.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62,800.00 RS. PER KG.SILVER RDY.(PORTION) : 62,900 RS. PER KG.GOLD (24 CARAT) RDY. : 49,000.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46,500.00 RS. [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Jan 3 (PTI) Cottonseed oil cake prices on Monday increased by Rs 50 to Rs 3,161 per quintal in futures trade as speculators created fresh positions driven by firm spot demand.On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in January traded up by Rs 50, or 1.61 per cent, [...]
Contract for Haldia inland waterway terminal awarded, jetty to be operational soon
New Delhi, Jan 3 (PTI) The government on Monday said that a contract has been awarded for the Haldia inland waterway terminal and the jetty will be operational soon for sending Exim and inland cargo to Pandu terminal in Guwahati connecting the Northeast with Kolkata via the National Waterway 2. This will provide an alternative [...]
KOLKATA BULLION OPENING
Kolkata, Jan.03(PTI): SILVER RDY.(BAR) : Rs.62,800.00 Per Kg. SILVER RDY.(PORTION) : Rs.62,900.00 Per Kg. GOLD (24-CARAT) RDY. : Rs.49,000.00 Per 10 Gms. GOLD (22-CARAT) RDY. : Rs.46,500.00 Per 10 Gms. HALLMARKED GOLD(22-CT) RDY. : Rs.47,200.00 Per 10 Gms. ---- PTI SAM
Ashok Leyland sales slip 2 % to 12,518 units in Dec 2021
New Delhi, Jan 3 (PTI) Hinduja flagship firm Ashok Leyland on Monday reported a 2 per cent decline in total commercial vehicle sales to 12,518 units in December 2021. The company had sold 12,760 units in the same month in 2020, Ashok Leyland said in a statement. Domestic sales were down 3 per cent at [...]
TVS Motor Company Registers Sales of 250,933 Units in December 2021
Hosur, Tamil Nadu, India (NewsVoir) TVS Motor Company registered sales of 250,933 units in December 2021 as against sales of 272,084 units in the month of December 2020. Two-Wheeler Total two-wheelers registered sales of 235,392 units in December 2021 as against sales of 258,239 units in December 2020. Domestic two-wheeler registered sales of 146,763 units [...]
India’s mfg activities during Dec see substantial, albeit slower, rise in sales, output
Concerns over elevated price pressures hampered business confidence in December, with firms also worried that the pandemic and supply-chain issues could dampen the recovery next year.There was an improvement in overall operating conditions for the sixth straight month.Although input costs rose sharply, and at an above-trend pace, the rate of inflation eased to a three-month [...]
Edelweiss Financial Services raises over Rs 456 cr via NCDs
Mumbai, Jan 3 (PTI) Edelweiss Financial Services Ltd (EFSL) on Monday said it has raised Rs 456.24 crore through the issuance of non-convertible debentures (NCDs). The company has allotted 45,62,472 NCDs of the face value of Rs 1,000 each, a press release said. The non-bank lender had decided to do an early closure of the [...]
Bajaj Auto overseas sales rise 30% to 2.5 mn units in 2021
Mumbai, Dec 3 (PTI) Bajaj Auto on Monday said it sold 30 per cent more vehicles in the overseas market at over 2.5 million units in calendar year 2021 over the year earlier despite the challenging global environment. The 2.5-million vehicles exports in 2021 were also the highest ever for the company in a calendar [...]
Tata Motors shares jump nearly 4 % after sales data
New Delhi, Jan 3 (PTI) Shares of Tata Motors on Monday gained nearly 4 per cent after the company reported a 50 per cent jump in total passenger vehicle sales in December 2021. The stock jumped 3.59 per cent to Rs 499.70 on the BSE. On the NSE, it gained 3.60 per cent to Rs [...]
Bajaj Auto retail sales drop 3% in December 2021
Mumbai, Jan 3 (PTI) Bajaj Auto on Monday reported a 3 per cent fall in its total sales at 3,62,470 units in December 2021. The company had sold a total of 3,72,532 units in the same month of 2020, as per a statement. Domestic sales, however, grew 5 per cent to 1,45,979 units in the [...]
Audi India posts 2-fold rise in retail sales at 3,293 units in 2021
New Delhi, Jan 3 (PTI) German luxury carmaker Audi on Monday reported a two-fold jump in retail sales at 3,293 units in India in 2021. The company had sold 1,639 units in 2020. The uptick was propelled by these electric cars -– e-tron 50, e-tron 55, e-tron Sportback 55, e-tron GT, RS e-tron GT and [...]
Rupee starts 2022 on muted note, falls 14 paise to 74.43 against USD
Mumbai, Jan 3 (PTI) The rupee started the year 2022 on a muted note as it slipped 14 paise to 74.43 against the US dollar in opening trade on Monday, tracking weak macroeconomic data. At the interbank foreign exchange, the rupee opened weak at 74.35, then fell further to 74.43 against the greenback, registering a [...]
Sensex, Nifty start 2022 on positive note; IT, power stocks rally
Mumbai, Jan 3 (PTI) The Indian equity market started the year 2022 on a positive note on Monday, with the benchmark BSE Sensex rising about 340 points in opening trade on account of hectic buying in IT and power stocks. Starting off the session confidently, the BSE gauge further strengthened its gains as the morning [...]
Business schedule for Monday, Jan 3
DELHI: * No major events listed MUMBAI: * No major events listed. PTI DRR DRR
Haldia-Guwahati inland waterways services soon: Minister
Kolkata, Dec 2 (PTI) Union Shipping Minister Sarbananda Sonowal on Sunday said the contract to connect Guwahati via inland waterways has been awarded and services will commence soon.The jetty will be operational for exim and inland cargo from Haldia to Pandu terminal in Guwahati, connecting the northeast with Kolkata via the National Waterways-2, he said.This [...]
Lamborghini looks to deliver consistent growth in India during 2022
New Delhi, Jan 2 (PTI) Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021, according to a senior company official. The company, which sells a range of super luxury cars with prices starting from Rs 3.16 [...]
Apollo Hospitals to start COVID-19 vaccination for children from Monday
New Delhi, Jan 2 (PTI) Apollo Hospitals on Sunday said it will commence the COVID-19 vaccination programme for children in the age group of 15 to 18 years across its centres from January 3.The vaccine administered will be Covaxin, which has received emergency use approval for children by the Drugs Controller General of India (DCGI), [...]
Over Rs 2,500 cr capex to make Meghalaya power utility profitable: Minister
Shillong, Jan 2 (PTI) Revamping the power distribution system with a capital outlay of over Rs 2,500 crore will help Meghalaya Energy Corporation Ltd (MeECL) become a profitable organisation in the state, Deputy Chief Minister Prestone Tynsong said on Sunday. A detailed project report (DPR) with the proposed capital expenditure (capex) was approved by the [...]
Telangana minister urges Centre to reopen CCI unit at Adilabad
Hyderabad, Jan 2 (PTI) Telangana Industries Minister K T Rama Rao on Sunday urged the Centre to reopen the Cement Corporation of India (CCI) unit at Adilabad in the state. Rama Rao wrote letters in this regard to Union Finance Minister Nirmala Sitharaman and Union Minister for Heavy Industries Mahendra Nath Pandey, a release from [...]
GitHub user behind ‘Bulli Bai’ app blocked; IT Minister says CERT, police coordinating further action
New Delhi, Jan 2 (PTI) After photographs of at least 100 influential Muslim women were uploaded for auction on an app sparked widespread outrage, IT Minister Ashwini Vaishnaw has said GitHub, the hosting platform, has confirmed blocking the user and that CERT and police authorities are coordinating further action.The uploading of pictures on the 'Bulli [...]
SC-appointed panel urges citizens with Pegasus-infected devices to contact it by Jan 7
New Delhi, Jan 2 (PTI) The technical committee appointed by the Supreme Court issued a public notice on Sunday asking citizens to come forward and contact the panel if they suspected that their mobile devices were infected by Pegasus malware. The public notice asked such citizens to also specify the reasons as to why they [...]
Indian-origin Ashok Elluswamy was first employee to be hired for Tesla’s Autopilot team: Musk
Houston, Jan 2 (PTI) Tesla founder and CEO Elon Musk, who has been using social media to recruit people, has disclosed that Indian-origin Ashok Elluswamy was the first employee to be hired for his electric vehicle company’s Autopilot team.“Ashok was the first person recruited from my tweet saying that Tesla is starting an Autopilot team!” [...]
IPO craze to continue in Mar quarter; 23 Firms line up public issues worth Rs 44,000 cr
New Delhi, Jan 2 (PTI) The IPO rush is far from over and the primary market will see frenetic activity in the March 2022 quarter with nearly two dozen companies are looking to collectively raise nearly Rs 44,000 crore through initial share-sales, merchant bankers said. Of the total fundraising, a large chunk will be garnered [...]
J&K delegation to pitch for global investments at Dubai Expo
Dubai, Jan 2 (PTI) A delegation from Jammu and Kashmir led by Lieutenant Governor Manoj Sinha will woo business leaders to invest in key sectors like tourism and handicrafts and showcase investment opportunities in the Union Territory during the J&K week starting in Dubai on Monday. The India Pavilion at Expo 2020 Dubai, one of [...]
Confident of retaining leadership position in SUV segment in 2022: Hyundai
New Delhi, Jan 2 (PTI) Having dominated the segment in 2021 with the sale of over 2.5 lakh SUVs, Hyundai Motor India looks to maintain its leadership in the segment this year as demand for its models like Creta and Venue continues to be robust, according to a senior company official. The auto major has [...]
Indian streaming industry expected to grow USD 13-15 billion over the next decade
New Delhi, Jan 2 (PTI) The Indian OTT streaming industry is expected to grow to USD 13-15 billion over the next decade at a CAGR of 22-25 per cent, according to a joint report on media and entertainment. The OTT (over-the-top) industry is constantly growing and is one of the most competitive amongst emerging markets [...]
Greaves Electric Mobility sells over 10,000 units in Dec
Mumbai, Jan 2 (PTI) Greaves Cotton's e-mobility arm Greaves Electric Mobility on Sunday said it sold over 10,000 units in December 2021, with the e-three-wheelers clocking a 101 per cent growth in sales a year ago. Greaves Electric Mobility strengthens its position as a market leader in both E-2W and E-3W segments, with Ampere reporting [...]
Govt may hike agri credit target to about Rs 18 lakh cr in upcoming Budget
New Delhi, Jan 2 (PTI) With a view to give a boost to the agriculture sector, the government is likely to raise farm credit target to about Rs 18 lakh crore in the Budget 2022-23 to be presented on February 1, according to sources. For the current financial year, the government has set a credit [...]
India to log ‘one of highest growth rates’ with support to vulnerable sectors: Ashima Goyal
New Delhi, Jan 2 (PTI) Eminent economist Ashima Goyal on Sunday said India is likely to have one of the highest rates of growth in the world as there are gradual moves towards normalisation, even as stimulus and support for vulnerable sectors continue. Goyal further said sticking to the announced consolidation path by [...]
IntelliSmart eyes fresh smart meter installation projects in 8 states: CEO Anil Rawal
New Delhi, Jan 2 (PTI) IntelliSmart, a JV company of state-owned EESL and investment platform NIIF, is eyeing new smart prepaid meter installation projects in multiple states where tendering process is at advanced stage, its managing director Anil Rawal said. In November 2021, Gurugram-based IntelliSmart Infrastructure Private Limited (IntelliSmart) was awarded a Rs 500 crore [...]
M-cap of nine of top-10 most-valued firms jump over Rs 1.11 lakh cr
New Delhi, Jan 2 (PTI) Nine of the top-10 most-valued firms together added Rs 1,11,012.63 crore in market valuation last week, with Tata Consultancy Services and HDFC Bank emerging as the biggest gainers. Reliance Industries Ltd was the only laggard from the top-10 list. The valuation of Tata Consultancy Services jumped Rs 24,635.68 crore to [...]
Lamborghini looks to deliver consistent growth in India during 2022
New Delhi, Jan 2 (PTI) Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021, according to a senior company official. The company, which sells a range of super luxury cars with prices starting from Rs 3.16 [...]
NBFCs to witness revival in growth this year; may see slight uptick in NPAs
Mumbai, Jan 2 (PTI) Non-banking financial companies (NBFCs) showed resilience in 2021 despite the coronavirus pandemic woes and are expected to witness continued momentum in growth this year. This year, the growth will be driven by the uptick in the economy, stronger balance sheet, higher provisions and improved capital positions of NBFCs. On the other [...]
Lamborghini looks to deliver consistent growth in India during 2022
New Delhi, Jan 2 (PTI) Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021, according to a senior company official. The company, which sells a range of super luxury cars with prices starting from Rs 3.16 [...]
NBFCs to witness revival in growth this year; may see slight uptick in NPAs
Mumbai, Jan 2 (PTI) Non-banking financial companies (NBFCs) showed resilience in 2021 despite the coronavirus pandemic woes and are expected to witness continued momentum in growth this year. This year, the growth will be driven by the uptick in the economy, stronger balance sheet, higher provisions and improved capital positions of NBFCs. On the other [...]
Lamborghini looks to deliver consistent growth in India during 2022
New Delhi, Jan 2 (PTI) Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021, according to a senior company official. The company, which sells a range of super luxury cars with prices starting from Rs 3.16 [...]
NBFCs to witness revival in growth this year; may see slight uptick in NPAs
Mumbai, Jan 2 (PTI) Non-banking financial companies (NBFCs) showed resilience in 2021 despite the coronavirus pandemic woes and are expected to witness continued momentum in growth this year. This year, the growth will be driven by the uptick in the economy, stronger balance sheet, higher provisions and improved capital positions of NBFCs. On the other [...]
Lamborghini looks to deliver consistent growth in India during 2022
New Delhi, Jan 2 (PTI) Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021, according to a senior company official. The company, which sells a range of super luxury cars with prices starting from Rs 3.16 [...]
NBFCs to witness revival in growth this year; may see slight uptick in NPAs
Mumbai, Jan 2 (PTI) Non-banking financial companies (NBFCs) showed resilience in 2021 despite the coronavirus pandemic woes and are expected to witness continued momentum in growth this year. This year, the growth will be driven by the uptick in the economy, stronger balance sheet, higher provisions and improved capital positions of NBFCs. On the other [...]
Lamborghini looks to deliver consistent growth in India during 2022
New Delhi, Jan 2 (PTI) Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021, according to a senior company official. The company, which sells a range of super luxury cars with prices starting from Rs 3.16 [...]
NBFCs to witness revival in growth this year; may see slight uptick in NPAs
Mumbai, Jan 2 (PTI) Non-banking financial companies (NBFCs) showed resilience in 2021 despite the coronavirus pandemic woes and are expected to witness continued momentum in growth this year. This year, the growth will be driven by the uptick in the economy, stronger balance sheet, higher provisions and improved capital positions of NBFCs. On the other [...]
Lamborghini looks to deliver consistent growth in India during 2022
New Delhi, Jan 2 (PTI) Italian super sports car maker Lamborghini is driving into 2022 looking to deliver consistent growth in India building on the momentum of a record year achieved in 2021, according to a senior company official. The company, which sells a range of super luxury cars with prices starting from Rs 3.16 [...]
NBFCs to witness revival in growth this year; may see slight uptick in NPAs
Mumbai, Jan 2 (PTI) Non-banking financial companies (NBFCs) showed resilience in 2021 despite the coronavirus pandemic woes and are expected to witness continued momentum in growth this year. This year, the growth will be driven by the uptick in the economy, stronger balance sheet, higher provisions and improved capital positions of NBFCs. On the other [...]
India appeals against WTO dispute panel ruling on sugar export subsidies at appellate body
New Delhi, Jan 2 (PTI) India has appealed against a ruling of the World Trade Organization's (WTO) trade dispute settlement panel which ruled that the country's domestic support measures for sugar and sugarcane are inconsistent with global trade norms, an official said. The appeal was filed by India in the WTO's Appellate Body, which is [...]
Macroeconomic data, Omicron situation, global trends to guide markets this week: Analysts
New Delhi, Jan 2 (PTI) Macroeconomic data announcement, Omicron situation and global trends will be the major driving factors for the equity market in the first week of the new year 2022, according to analysts. In what turned out to be a historic year, the Indian stock indices went past multiple milestones and the 30-share [...]
India appeals against WTO dispute panel ruling on sugar export subsidies at appellate body
New Delhi, Jan 2 (PTI) India has appealed against a ruling of the World Trade Organization's (WTO) trade dispute settlement panel which ruled that the country's domestic support measures for sugar and sugarcane are inconsistent with global trade norms, an official said. The appeal was filed by India in the WTO's Appellate Body, which is [...]
NTPC plans to acquire 5 pc equity in PXIL
New Delhi, Jan 2 (PTI) State-run power giant NTPC is mulling acquiring 5 per cent equity stake in Power Exchange of India Ltd (PXIL) that provides various electricity trading options, a senior official said. The PXIL is India's first institutionally promoted power exchange, which has been providing various electricity trading solutions and connecting buyers as [...]
Special incentives for mega, ultra mega projects in Punjab
Chandigarh, Jan 1 (PTI) The Punjab cabinet on Saturday approved a special incentive package for new mega and ultra mega projects to attract investments in the state.The project with a fixed capital investment of Rs 1,500 to Rs 2,500 crore with a minimum contract demand of 20 MVA (mega volt-ampere) will be treated as megaprojects [...]
MoS, LG discusses early approval of IDS for Ladakh
Leh, Jan 1 (PTI) Union Minister of State for Commerce and Industry Anupriya Patel on Saturday met Ladakh Lieutenant Governor R K Mathur here and discussed early approval of the industrial development scheme (IDS) for the Union Territory, an official spokesperson said.Patel informed that the Ministry of Industries and Commerce has agreed to help Ladakh [...]
CIL coal output rises 3% to 60 MT in December
New Delhi, Jan 1 (PTI) State-owned CIL reported a 3.3 per cent rise in coal production to 60.2 million tonnes (MT) in December.Coal India Ltd (CIL) had produced 58.3 MT of coal in the corresponding month of the previous fiscal, the PSU said in a BSE filing.The company's coal output increased to 413.6 MT during [...]
Future Retail misses due date for payment of Rs 3,494.56 cr to banks
New Delhi, Jan1 (PTI) Future Retail on Saturday said it has missed the due date for payment of Rs 3,494.56 crore to banks and lenders as it could not sell assets due to its ongoing litigation with amazon, impacting its monetisation plans.Future Retail had last year entered into a one-time restructuring (OTR) scheme for COVID-19 hit [...]
TVS Motor Company sales fall 8 pc in Dec
New Delhi, Jan 1 (PTI) Chennai-based TVS Motor Company on Saturday reported an 8 per cent decline in total sales to 2,50,933 units in December 2021.The company had sold a total of 2,72,084 units in the same month of 2020, TVS Motor said in a statement.The total two-wheelers sales last month stood at 2,35,392 units [...]
Reliance to raise $5 bn to retire existing borrowings
New Delhi, Jan 1 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd on Saturday said it will raise as much as USD 5 billion in foreign currency-denominated bonds and use the proceeds to retire existing borrowings.In a stock exchange filing, the company said the Finance Committee of the company board at its meeting on Saturday approved [...]
Natco Pharma completes acquisition of Dash Pharmaceuticals
New Delhi, Jan 1 (PTI) Natco Pharma on Saturday said its wholly-owned arm Natco Pharma Inc has completed the USD 18 million (nearly Rs 135 crore) acquisition of US-based Dash Pharmaceuticals LLC.Dash is a front-end pharmaceutical sales, marketing and distribution entity in the US, which is expected to have net sales of approximately USD 15 [...]
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