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Infra stock hits 5% upper circuit after receiving order worth ₹ 37 Mil from Tripura Govt
In Thursday’s session, the share price of one of the most proficient civil infrastructure solutions providers in India hit a 5% upper circuit on BSE to Rs. 43.7, after the company bagged an order worth Rs. 3.7 crores from the Government of Tripura. With a market cap of Rs. 666.4 crores, at 01:44 p.m., the [...]
IT stock hits 5% upper circuit after receiving order worth ₹ 17.43 Cr for drone and robotic services
IT Stock engaged in providing IT hardware solutions and equipment, including managing cloud servers, servicing IT equipment, drone & robotic services and many more hit a 5 percent upper circuit upon receiving a new work order worth Rs. 17.43 Crores. Price Action With a market capitalization of Rs. 95.45 Crores, the shares of Slone Infosystems [...]
Adani group stock to buy now for an upside of 30%; Are you holding it?
The Port & Port Services sector is a critical component of global trade, facilitating the movement of goods across international borders. With over 800 active ports worldwide, the sector handles approximately 11 billion tons of cargo annually, including bulk commodities, containers, and oil, playing a pivotal role in global supply chains. With a market capitalization [...]
Navratna stock jumps 4% after signing green power agreement with Telangana for 25 yrs
The shares of this midcap company jumped upto 4 percent in Thursday’s trading session after signing a power usage pact to supply 200 MW Green Power. In one year, the stock has delivered more than a 100 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 38,327 crores, the shares of [...]
Pharma stock jumps 6% after it announces 1:5 stock split and 1:1 bonus issue
In Thursday’s session, the share price of a company engaged in the supply of pharmaceutical products moved up by 6.6 percent on NSE to Rs. 202.4, after the Board of the company approved a 1:1 bonus share as well as a 1:5 stock split to its eligible shareholders. With a market cap of Rs. 216.5 [...]
Stock hits 5% upper circuit after company to acquire lead-acid battery manufacturing firm
The shares of this microcap company clocked a 5 percent upper circuit in Thursday’s trading session after signing an MoU for the acquisition of a battery manufacturing company. Price Movement: With a market capitalization of Rs. 373 crores, the shares of Dynamic Services & Security Ltd started Thursday’s trading session on a higher note at [...]
Alcohol stock jumps 19% after company’s board to consider bonus issue
In Thursday’s session, the share price of a company engaged in the business of production of distillery variants moved up by 19 percent on NSE to hit a new 52-week high at Rs. 416.7, after the company’s Board scheduled a meeting to consider the proposal for issue of bonus shares. With a market cap of [...]
Smart meter stock hits 5% upper circuit after receiving orders worth ₹ 4,469 Cr
The shares of the leading smart meter manufacturer hit 5 percent upper circuit of Rs 466.25 apiece after the company’s subsidiary received three letters of the award valued at Rs 4,469.04 crore. With a market capitalization of Rs 14,162.55 crore, the shares of Genus Power Infrastructures Ltd were trading at Rs 466.25 crore, increasing around [...]
Ethanol stock jumps 4% after FII buys stake in the company via bulk deal
Ethanol stock engaged in manufacturing and supplying ethanol, fructose, sorbitol, and various other industrial chemicals jumped 4 percent in the day’s trade after Institutional Investor bought a stake in it. Price Action With a market capitalization of Rs. 1,385 Crores, the shares of Gulshan Polyols Limited were trading at Rs. 222.10 per equity share, up [...]
Cable stock jumps 9% after it secures orders worth ₹ 1,171 Cr from Middle East
In Thursday’s session, the share price of a global infrastructure EPC major moved up by 9.3 percent on BSE to Rs. 947.7, after the company secured orders worth Rs. 1,171 crores under the Transmission and Distribution (T&D) business in the Middle East. With a market cap of Rs. 23,877 crores, at 10:23 a.m., the shares [...]
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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
UK planning to offer cheaper, easier visas to clinch trade deal with India: Report
London, Jan 1 (PTI) The UK is planning to relax immigration rules by offering cheaper and easier visas for Indian tourists, students and professionals, in an attempt to clinch a trade deal with India, a media report said on Saturday. UK International Trade Secretary Anne-Marie Trevelyan is expected to travel to New Delhi this month, [...]
DCM Ltd defaults in payment of interest, principal amount
New Delhi, Jan 1 (PTI) DCM Ltd on Saturday informed that it has defaulted over the payment of interest and repayment of principal amount on loans taken from banks and financial institutions.It has defaulted on term loans from State Bank of India, ICICI Bank and HDFC Bank, a regulatory filing from DCM Ltd said.The default [...]
Hero MotoCorp sales drop 12 pc in Dec
New Delhi, Jan 1 (PTI) Two-wheeler market leader Hero MotoCorp on Saturday reported a 12 per cent decline in total sales at 3,94,773 units in December 2021.The company had sold 4,47,335 units in the same month in 2020, Hero MotoCorp said in a statement.Domestic sales were also down 12 per cent at 3,74,485 units last [...]
BGE-BULLION-CLOSE
Bengaluru, Jan 1 (PTI) Closing bullion rates on Saturday Standard gold (99.5 purity) Rs 49,880 per 10 gram Ornament gold Rs 4,650 per gram Silverspot (.999 fineness) Rs 64,200 per kg. PTI DVR BN BN
ARECA-COCONUT-PRICES
Mangaluru, Jan 1 (PTI) Following are today'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 [...]
Hero MotoCorp sales drop 12 pc in Dec
New Delhi, Jan 1 (PTI) The country's largest two-wheeler maker Hero MotoCorp on Saturday reported a 12 per cent drop in total wholesales at 3,94,773 units in December.The company had sold 4,47,335 units in December 2020.In the domestic market, the company's wholesales dropped to 3,74,485 units last month from 4,25,033 units in December 2020. The [...]
Royal Enfield posts 7 pc rise in wholesales in Dec
New Delhi, Jan 1 (PTI) Mid-sized motorcycle maker Royal Enfield, a part of Eicher Motors, on Saturday reported a 7 per cent increase in total wholesales at 73,739 units in December.The company had reported sales of 68,995 units in the same month of 2020.Domestic sales last month stood at 65,187 units, marginally lower than 65,492 [...]
Mahindra & Mahindra tractor sales slip 19 pc to 18,269 units in Dec
New Delhi, Jan 1 (PTI) Homegrown auto major Mahindra & Mahindra Ltd (M&M) on Saturday reported a 19 per cent decline in total tractor sales at 18,269 units in December 2021.The company had sold 22,417 units in the same month of 2020, M&M said in a statement.Domestic tractor sales were at 16,687 units last month [...]
Atul Kumar Goel takes charge as ‘officer on special duty’ in PNB
New Delhi, Jan 1 (PTI) Punjab National Bank on Saturday said Atul Kumar Goel has taken charge as an 'officer on special duty', before taking over as its new MD and CEO next month.Pursuant to the Department of Financial Services, Ministry of Finance, Government of India Notification dated December 28, 2021, Atul Kumar Goel has assumed office [...]
Bhola Singh assumes charge of NCL CMD
New Delhi, Jan 1 (PTI) Bhola Singh on Saturday assumed the charge of the chairman and managing director (CMD) of Coal India arm Northern Coalfields Ltd (NCL). With a diversified experience of over 34 years in the coal sector, Singh was working as director (technical) in Central Coalfields Ltd (CCL), a Jharkhand-based subsidiary of Coal [...]
FMCG distributors warn Colgate Palmolive of taking strict steps over price disparity issue
New Delhi, Jan 1 (PTI) FMCG distributors in Maharashtra have warned Colgate Palmolive India of taking strict steps after the company failed to respond to the issue of price disparity of products between traditional and business-to-business distributors.The Fast-moving consumer goods (FMCG) distributors are seeking a level playing field from manufactures and are in protest over [...]
KIADB to allot land to industries on 10-year lease-cum-sale basis
Bengaluru, Jan 1 (PTI) The Karnataka Industrial Areas Development Board (KIADB) will allot the lands to private industries or institutions on a ten-year "lease-cum-sale" basis, by amending the existing policy, Minister for Large and Medium Industries Murugesh R Nirani said on Saturday. The move is said to be aimed at addressing the concerns of the [...]
Tata Motors’ passenger vehicles biz hive-off comes into effect
New Delhi, Jan 1 (PTI) The hiving off and transfer of Tata Motors' entire passenger vehicle undertaking to Tata Motors Passenger Vehicles Ltd have come into effect from Saturday, the homegrown auto major said on Saturday. In a regulatory filing, Tata Motors said its board at a meeting held on Saturday approved the settling of [...]
Maruti reports double-digit sales growth in 2021; remains cautiously optimistic for 2022
New Delhi, Jan 1 (PTI) Maruti Suzuki India (MSI) on Saturday reported a 13 per cent year-on-year growth in wholesales during 2021, as it dispatched 13.97 lakh units to dealers during the period. The country's largest carmaker had dispatched 12.14 lakh units in 2020. In an interaction with PTI, MSI Senior Executive Director (Marketing and [...]
PM releases Rs 20,946 cr to farmers under PM-KISAN; over Rs 1.8 lakh cr transferred so far
New Delhi, Jan 1 (PTI) Prime Minister Narendra Modi on Saturday released Rs 20,946 crore to 10.09 crore farmers across India as the 10th installment of financial aid under the PM-KISAN scheme and said there was a need for innovation in agriculture along with promotion of natural farming. Under the Pradhan Mantri Kisan Samman Nidhi [...]
Sundaram Mutual gets new chief investment officer (equity)
Chennai, Jan 1 (PTI): Sundaram Mutual has announced the appointment of Ravi Gopalakrishnan as its chief investment officer (equity). Prior to taking up the new role, Ravi was serving Principal Mutual Fund as head-equities. "Sundaram Mutual announces the closure of acquisition of Principal Mutual Fund today and welcomes Ravi Gopalakrishnan as Chief Investment Officer (equity)", [...]
GST collection at Rs 1.29 lakh cr in December
New Delhi, Jan 1 (PTI) GST revenues in December 2021 grew 13 per cent to over Rs 1.29 lakh crore, mainly due to pickup in economic activity and anti-evasion steps, the Finance Ministry said on Saturday.Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in [...]
Indian tipplers becoming quality conscious, finds study
Kolkata, Jan 1 (PTI) With growing urbanisation and rising income levels, Indian alcoholic beverages consumers are becoming more quality conscious rather than staying price-sensitive, a recent study has found. With increasing international travels and exposure to foreign brands, their behaviour change is reflected in their purchase choices, which makes India an attractive market for global [...]
Honda Cars reports 26 pc jump in wholesales for 2021
New Delhi, Jan 1 (PTI) Honda Cars India Ltd (HCIL) on Saturday reported a 26 per cent year-on-year increase in its domestic wholesales at 89,152 units in 2021. The company had dispatched 70,593 units to dealers in the domestic market in the January-December period in 2020, HCIL said in a statement. The automaker said its [...]
Centre deferred GST hike on textiles fearing defeat in upcoming polls: Congress
Ahmedabad, Jan 1 (PTI) The Congress on Saturday claimed that the Centre deferred the hike in GST on textiles from 5 per cent to 12 per cent out of fear of losing the upcoming Assembly elections in five states and later in Gujarat, which is a textile hub. Addressing a press conference here on New [...]
Maruti Suzuki sales dip 4 pc to 1,53,149 units in Dec
New Delhi, Jan 1 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Saturday reported a four per cent fall in the total wholesales to 1,53,149 units in December 2021. The company had sold 1,60,226 units in December 2020, MSI said in a statement. In December 2021, the domestic sales slipped 13 per cent [...]
Karnataka govt cuts property guidance value by 10 pc for next 3 months
Bengaluru, Jan 1 (PTI) The Karnataka government has slashed the property guidance value across the state by 10 per cent for the next three months in a move aimed at providing an opportunity for people to get registrations done at the earliest, Revenue Minister R Ashoka said on Saturday. The minister even called it a [...]
Prices of commodities
Bengaluru, Jan 1 (PTI): Following are commodities prices. (All rates in Rs/quintal): Rice Fine 4,400-5,000; Medium 4,500-4,800; Jowar 2,200-2,800; Jaggery Cube 4,200-4,600; Jaggery Ball 4,600-4,700; Coriander Seed 9,500-14,500; Chillis Fine 40,000-44,000; Potato Big 2,400-3,000; Medium 1,500-2,000; Onion Big 2,800-3,200; Medium 2,000-2,800; Small 1,000-2,000; Tamarind 9,000-11,000; Garlic 6,000-7,000; Horsegram 4,500-4,800; Wheat 2,500-3,500; Turmeric 9,500-15,000; Turdhal 8,000-10,400; [...]
Hyundai posts double-digit sales growth in 2021; expects to sustain momentum in 2022
New Delhi, Jan 1 (PTI) Hyundai Motor India expects robust sales to continue in 2022 as well with various positive factors, like improvement in the availability of semiconductors, aiding the business growth. The country's second-largest passenger vehicle maker reported double-digit growth in total wholesales last year as compared with 2020. "We are entering 2022 with [...]
Vegetable prices
Bengaluru, Jan 1 (PTI): Following are vegetable rates quoted at Agriculture Produce Marketing Committee (APMC). Rates per quintal: Cauliflower 1,000-6,000; Brinjal 800-7,000; Tomato 400-6,000; Bitter Gourd 2,000-7,000; Bottle Gourd 1,300-3,500; Ash Gourd 1,000-1,800; Green Chilli 380-8,035; Banana Green 500-19,000; Beans 300-7,000; Green Ginger 600-5,000; Carrot 2,500-9,000; Cabbage 300-4,200; Ladies Finger 350-8,100; Snake Gourd 1,400-4,000; Beetroot [...]
Tata Motors reports 50% jump in PV sales to 35,299 units in Dec
New Delhi, Jan 1 (PTI) Homegrown auto major Tata Motors on Saturday reported a 50 per cent jump in total passenger vehicle sales to 35,299 units in December 2021. The company had sold a total of 23,545 units in the same month a year ago, Tata Motors said in a regulatory filing. In the third [...]
Nearly 5.89 cr ITRs for FY21 filed till Dec 31 deadline
New Delhi, Jan 1 (PTI) Nearly 5.89 crore income tax returns for the 2020-21 fiscal (ended March 2021) have been filed on the new e-filing portal till December 31 deadline, the I-T department said on Saturday. Of this, more than 46.11 lakh ITRs were filed on the last date or December 31 alone. "Nearly 5.89 [...]
NPGC declares Rs 100 cr interim dividend for 2021-22
New Delhi, Jan 1 (PTI) State-owned power giant NTPC arm Nabinagar Power Generating Co (NPGC) has declared an interim dividend of Rs 100 crore for 2021-22, according to a statement. "Nabinagar Power Generating Co (NPGC), a wholly-owned subsidiary of NTPC Ltd, declared an interim dividend of Rs 100 crore for the FY 2021-22," the company [...]
GST collection at Rs 1.29 lakh cr in December
New Delhi, Jan 1 (PTI) GST revenue collected in December 2021 was over Rs 1.29 lakh crore, 13 per cent higher than the same month last year, the Finance Ministry said on Saturday. Though the collection was lower than Rs 1.31 lakh crore mopped up in November, December is the sixth month in a row when [...]
VE Commercial Vehicles reports 25.8 pc jump in sales to 6,154 units in Dec
New Delhi, Jan 1 (PTI) VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, on Saturday reported a 25.8 per cent jump in sales to 6,154 units in December 2021. The company had sold 4,892 units in December 2020, VECV said in a statement. Eicher-branded trucks and buses recorded total sales [...]
Pakistan loads fuel in Chinese-assisted Karachi Nuclear Power Plant Unit-3
Islamabad, Jan 1 (PTI) Pakistan has completed the loading of fuel at its Chinese-assisted Karachi Nuclear Power Plant Unit-3 to celebrate three decades of cooperation with its “all-weather ally” China, according to a media report here on Saturday. Pakistani authorities, after getting a formal permit from the Pakistan Nuclear Regulatory Authority (PNRA), completed the fuel [...]
NEWSALERT
Over Rs 1.8 lakh crore has been transferred directly to accounts of farmers under PM-KISAN scheme: PM. PTI LUX NKD MJH CS MKJ
Skoda reports over two-fold jump in wholesales to 23,858 units in 2021
New Delhi, Jan 1 (PTI) Automaker Skoda Auto India on Saturday said its wholesales witnessed over two-fold surge year-on-year to 23,858 units in 2021. The company had dispatched 10,387 units to dealers in 2020. The surge in the sales volume was largely enabled by the launch of Kushaq, which has contributed to over 60 per [...]
TN asks Centre to upgrade IMD’s technology, says it could not give timely forecast
Chennai, Jan 1 (PTI) Tamil Nadu Chief Minister M K Stalin on Saturday urged the union government to upgrade technology and enhance capacity of the Regional Meteorological Centre here to ensure timely weather forecast, saying it is unable to predict 'red alert situation' in advance which hindered preparatory action by the state.Pointing to the surprise [...]
Economy 2021: a disruptive year for the world economy
Madrid, Jan 1 (The Conversation) In the last quarter of 2020 we published in The Conversation Spain Welcome to the era of disorder .In that text, Professor Jorge Hernando Cuñado, from Nebrija University, broke down some of the events that were expected to bring instability to world order and the world economy.It is clear that, [...]
With USD 52 mn fundraising, FMCG start-up Honasa becomes first unicorn of new year
Mumbai, Jan 1 (PTI) Personal care-focused e-commerce platform Honasa Consumer, which sells its products under the labels of Mamaearth, The Derma Co and House of Brands, on Saturday said it has raised USD 52 million in the latest funding round led by Sequoia, valuing it at USD 1.2 billion, thus becoming the first unicorn in [...]
Power consumption rises 4.5% to 110.34 bn units in Dec
New Delhi, Jan 1 (PTI) India's power consumption grew by 4.5 per cent in December to 110.34 billion units (BU) over the same period a year ago, according to power ministry data. In December 2020, consumption was 105.62 BU, up from 101.08 BU in December 2019. Experts are of the view that power consumption as [...]
Nissan Motor India posts 2-fold jump in domestic wholesales in Dec
New Delhi, Jan 1 (PTI) Nissan Motor India Ltd on Saturday reported over two-fold jump in domestic wholesales in December 2021 at 3,010 units for its two brands Nissan and Datsun. The company had a wholesales of 1,159 units in the same month of 2020. The company's domestic sales in the April-December 2021 period were [...]
ICICI Pru MF silver ETF to open for subscription on Jan 5
New Delhi, Jan 1 (PTI) Asset management company ICICI Prudential Mutual Fund has announced the launch of country's first silver ETF that will invest in physical silver and silver-related instruments. The new fund offer (NFO) will open for subscription on January 5 and conclude on January 19, documents showed. Further, bunch of asset management companies [...]
MG Motor India posts 43% rise in retail sales in 2021
New Delhi, Jan 1 (PTI) MG Motor India on Saturday reported 43 per cent increase in retail sales in 2021 at 40,273 units. The company had sold 28,162 units in 2020. The company's sales last year was mainly driven by its Hector SUV which clocked 31,509 units, followed by Gloster SUV at 3,823 units, ZS [...]
ATM usage beyond permissible free transactions to become expensive from Jan 1
Mumbai, (PTI) Using ATMs beyond the permissible free transactions for cash as well as non-cash purposes will cost more from Saturday. As per the Reserve Bank directive issued in June, the banking customers would be required to pay Rs 21 per transaction with effect from January 1, 2022 for transactions beyond the free permissible limit. [...]
Sebi rejigs market data advisory panel
New Delhi, Dec 31 (PTI) Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy. Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by M S Sahoo, Distinguished Professor at National Law University, Delhi and former [...]
FinMin mandates ticket booking from 3 agents for govt-funded air travels
New Delhi, Dec 31 (PTI) The finance ministry on Friday said that for all air travels where the government bears the cost, the tickets will be purchased from either of the three agents -- Balmer Lawrie, Ashok Travels & Tours, and IRCTC. In an office memorandum, the Department of Expenditure under the finance ministry said [...]
R’sthan govt approves scheme to provide relief from interest, penalty on stamp duty
Jaipur, Dec 31 (PTI) Rajasthan Chief Minister Ashok Gehlot has approved a special relief (amnesty) scheme for concession in interest and penalty payable on stamp duty in cases of Registration and Stamps Department. The scheme will be effective from January 1 to March 31, 2022. With this decision, disposal of pending cases will be done [...]
Garment, hosiery trade bodies seek scrapping of GST hike proposal not deferment
Kolkata, Dec 31 (PTI) Hailing the decision of the GST Council to hold the rate hike in the natural fibre textile sector, apparels and hosiery trade bodies have demanded the scrapping of the proposal of the hike from 5 to 12 per cent and not its deferment. The Retailers Association also urged the government to [...]
Commerce ministry extends deadline for exporters to submit applications for pending dues
New Delhi, Dec 31 (PTI) The last date for exporters to submit online applications to claim their pending dues under different export promotion schemes has been extended by one month till January 31, 2022, according to a notification of the commerce ministry. On September 9, the government announced to release Rs 56,027 crore against pending [...]
NITI Aayog senior advisor Anna Roy among top 30 fintech influencers
New Delhi, Dec 31 (PTI) NITI Aayog senior advisor Anna Roy has been named among 30 top fintech influencers by a consulting and advisory firm, Digital Fifth. Zolve founder Raghunandan G, Reserve Bank Innovation Hub CEO Rajesh Bansal, Amrish Rau CEO, Pine Labs, Ravi Kumar co-founder Upstox and Yashish Dahiya Chairman and CEO Policybazar are [...]
Foreign-owned assets in India increased by USD 37.3 bn during Sept quarter: RBI
Mumbai, Dec 31 (PTI) Foreign-owned assets in India increased by USD 37.3 billion in the September quarter while Indian residents' overseas financial assets rose by USD 31.9 billion during the same period, RBI data showed on Friday.According to India's International Investment Position (IIP), the liabilities stood at USD 1,258.9 billion during the July-September quarter as [...]
Competition Commission of India orders probe against Apple
New Delhi, Dec 31 (PTI) The Competition Commission of India (CCI) on Friday ordered a detailed probe against technology major Apple for alleged unfair business practices with respect to its App Store. It was alleged that Apple uses anti-competitive restraints and abuse of dominant practices in markets for distribution of applications (apps) to users as [...]
Eight core sectors’ output grows 3.1 pc in November
New Delhi, Dec 31 (PTI) Output of eight core sectors rose by 3.1 per cent in November, the lowest growth rate since February this year, as against a contraction of 1.1 per cent in the same month last year, according to government data released on Friday. Barring crude oil and cement, all other sectors recorded [...]
Business highlights
New Delhi, Dec 31 (PTI) Following are the top business stories at 2040 hours: DEL88 BIZ-3RDLD GST-TEXTILE GST hike on textiles put on hold; GoM to recommend rate by Feb New Delhi: Heeding to demands made by several states, the GST Council on Friday put on hold a decision to hike the tax rate on [...]
Sri Lanka to extend lease of 14 out of 99 oil tanks to India for 50 years: Energy Minister
Colombo, Dec 31 (PTI) Sri Lanka has agreed to sign a fresh deal with India to lease out 14 out of the 99 tanks at the strategic World War II-era oil tank farm for 50 years in the eastern port district of Trincomalee, Energy Minister Udaya Gammanpila said here on Friday.Gammanpila said the deal will [...]
ICICI Pru MF silver ETF to open for subscription next week
New Delhi, Dec 31 (PTI) Asset management company ICICI Prudential Mutual Fund on Friday announced the launch of country's first silver exchange traded (ETF). The new fund offer (NFO) will open for subscription on January 5 and conclude on January 22, the document showed. The ICICI Prudential Silver ETF is an open ended scheme that [...]
West End Housing applies for small finance bank licence with RBI
Mumbai, Dec 31 (PTI) The Reserve Bank on Friday said West End Housing Finance Ltd has applied for 'on tap' licence for setting up a small finance bank. In August, Cosmea Financial Holdings Pvt Ltd and Tally Solutions, too had applied for the licence. "In continuation to the press release dated August 30, 2021, the [...]
Irdai directs Go Digit to withdraw product offering life insurance benefits
New Delhi, Dec 31 (PTI) Insurance sector regulator Irdai has asked Go Digit General Insurance (Go Digit) to discontinue a product offering life insurance benefits in violation of regulatory norms. The Insurance Regulatory and Development Authority of India (Irdai) also asked the insurer to wthdraw advertisements regarding the product from all media. Irdai said a [...]
Asheesh Pandey takes charge of Bank of Maharashtra’s exec director
New Delhi, Dec 31 (PTI) Asheesh Pandey on Friday assumed the charge of executive director (ED) of Pune-based Bank of Maharashtra (BoM). Pandey replaced Hemant Kumar Tamta who demitted office after completion of his term. Prior to joining BoM, Pandey was chief general manager and chief operations officer (COO) at Union Bank of India (UBI), [...]
NTPC’s 49.92 MW solar capacity begins commercial operations on Thur
New Delhi, Dec 31 (PTI) State-owned power producer NTPC said its 49.92-megawatt (MW) solar energy capacity at Jaisalmer has begun commercial operations on Thursday. "Consequent upon successful commissioning, the first part capacity of 49.92 MW out of 296 MW Fatehgarh solar PV project at Jaisalmer, Rajasthan, is declared on commercial operation w.e.f. 12:00 hrs of [...]
BULLION-CLOSE
Bengaluru, Dec 31 (PTI) Closing bullion rates on Friday Standard gold (99.5 purity) Rs 49,600 per 10 gram Ornament gold Rs 4,625 per gram Silverspot (.999 fineness) Rs 63,600 per kg. PTI DVR BN BN
SJVN flags off dispatch of turbine generator for Buxar plant
New Delhi, Dec 31 (PTI) State-owned SJVN on Friday said it has dispatched a turbine generator for the first unit of the 1320-MW Buxar Thermal Power Plant. SJVN Thermal Pvt Ltd (STPL), a wholly-owned subsidiary of SJVN Ltd, is implementing (2X660) 1,320-MW Buxar Thermal Power Plant in Bihar, the company said in a statement. SJVN [...]
ARECA-COCONUT-PRICES
Mangaluru, Dec 31 (PTI) Following are today'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 [...]
Sharing of powers of direct taxation and indirect taxation is unfair: TN
Chennai, Dec 31 (PTI) The Tamil Nadu government on Friday termed the present sharing of powers of direct taxation and indirect taxation as unfair in the contest of limiting the direct powers of the States and said this has been exacerbated after the implementation of the Goods and Services Tax (GST), when even the bulk [...]
India’s current account slips into deficit in Q2, CAD now at 1.3 pc of GDP
Mumbai, Dec 31 (PTI) India's current account slipped into a deficit of USD 9.6 billion or 1.3 per cent of GDP in the September quarter, the Reserve Bank said on Friday. The current account, which records the value of exports and imports of both goods and services along with international transfers of capital, was in [...]
Gurugram start-up Agaamin to launch Indian internet domain with smart name ‘.bha’
Mumbai, Dec 31 (PTI) The Gurugram-based bootstrapped start-up Agaamin Technologies is going live this Friday-Saturday midnight with the country's maiden internet offering with the vernacular smart name, which can be used in lieu of the dotcom (.com) or dotin (.in), with the Devanagri equivalent of dotbha (.bha) — the first alphabet of the word Bharat. [...]
CMS Info Systems shares settle with over 10 pc gains in debut trade
New Delhi, Dec 31 (PTI) Shares of cash management company CMS Info Systems Ltd on Friday listed at a nearly 2 per cent premium before settling with around 10 per cent gains compared to its issue price. The stock listed at Rs 218.50, a gain of 1.15 per cent on the BSE. During the day, [...]
GST hike on textiles put on hold; GoM to recommend rate by Feb
New Delhi, Dec 31 (PTI) Heeding to demands made by several states, the GST Council on Friday put on hold a decision to hike the tax rate on textiles to 12 per cent and referred to a panel of state ministers to recommend rate by February, Union Finance Minister Nirmala Sitharaman said. The panel, the [...]
Stock market minnows bid goodbye to 2021 with healthy gains
New Delhi, Dec 31 (PTI) Small stocks put up a stellar show in 2021 giving returns of 63 per cent amid a dream run in the equity market and are likely to continue the momentum in the New Year also. Beating pandemic-blues, the Indian equity market posted stunning gains this year reaching several milestones and [...]
Textile industry plays major role in boosting India’s economy: Sisodia
New Delhi, Dec 31 (PTI) Textile industry plays a major role in boosting India’s economy and the central government must consider this as a potential industry which can help India boost its presence across the world, Deputy Chief Minister Manish Sisodia said on Friday. Sisodia made the comments at the GST Council meeting where Delhi [...]
Centre okays Rs 600.50 cr additional assistance for flood-hit Madhya Pradesh
New Delhi, Dec 31 (PTI) The Centre has approved an additional assistance of Rs 600.50 crore for flood-affected Gwalior-Chambal division and Bidisha district in Madhya Pradesh. A high-level committee, headed by Home Minister Amit Shah, gave the approval for the central assistance of Rs 600.50 crore, the Union agriculture ministry said in a statement. Union [...]
Emcure Pharmaceuticals to launch anti-Covid pill in week
New Delhi, Dec 31 (PTI) Emcure Pharmaceuticals Ltd (EPL) on Friday said it will launch its generic version of anti-COVID-19 pill Molnupiravir in a week in India. The company plans to launch Molnupiravir under the brand name 'Lizuvira' in the Indian market, EPL said in a statement. "As the need for such a drug is [...]
COMMODITY PRICES
MUMBAI, DEC 31 (PTI) METAL IN RS PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 730.00 COPPER HEAVY SCRAPS 717.00 COPPER ARMATURE (CREDIT) 697.00 COPPER UTENSILS SCRAP 635.00 CC ROD 771.00 BRASS :- BRASS SHEET CUTTING 540.00 BRASS UTENSIL SCRAP 477.00 BRASS HONEY 475.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 185.00 ALUMINIUM EXTRUSION SCRAP [...]
OILSEEDS PRICES
MUMBAI, DEC 31 (PTI) OILSEEDS PRICES OILS (per 10 Kgs) G.Nut Raw 1320.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1190.00 Sunflower Exp.Ref. 1260.00 Cottonseed(Refined) 1190.00 Refined Palm Oil 1145.00 Soyabean Ref. 1190.00 Imp.Soyabean Crude - Rapeseed Ref. 1570.00 Rapeseed Exp. 1540.00 Copra white 1700.00 Rice Bran 4-7% FFA - Rice Bran 1110.00 Linseed [...]
Sebi slaps fine of Rs 1.1 cr on 22 entities in illiquid stock options case
New Delhi, Dec 31 (PTI) Capital markets regulator Sebi has imposed total penalties of Rs 1.1 crore on 22 entities, including individuals, for indulging in non-genuine trades in illiquid stock options at BSE. In 22 separate orders, the regulator levied a fine of Rs 5 lakh each on these entities. The Securities and Exchange Board [...]
Ujjivan Small Finance Bank raises interest rates on FDs of up to Rs 2 cr
New Delhi, Dec 31 (PTI) Customers of Ujjivan Small Finance Bank (SFB) can now earn as much as 6.75-7.50 per cent interest on their fixed deposits of up to Rs 2 crore, as the lender has increased the deposit rates with effect from Friday, according to a statement. The revised interest rates are applicable on [...]
PRICES BULLION CLOSE
MUMBAI, DEC 31 (PTI) BULLION CLOSING (INCLUSIVE OF OCTROI AND LOCAL CHARGES ) SILVER SPOT (IN RS PER KILO ) : 61979.00 STANDARD GOLD (99.5) : 47890.00 PURE GOLD (99.9) : 48083.00 (NOTE : SOURCE THE BOMBAY BULLION COMMITTEE) FOR AFP: ( INCLUSIVE OF OCTROI AND LOCAL TAXES) LONDON 3112 1730 (DATE & TIME) SILVER [...]
No extension of ITR filing deadline; over 5.62 cr returns for FY21 filed so far
New Delhi, Dec 31 (PTI) The government on Friday ruled out extending the deadline for filing of ITRs, saying there were no problems faced by taxpayers in filing returns as the total number of returns filed so far is 14 per cent higher than last year's. As the ITR filing deadline draws to a close, [...]
PRICES MUM BULLION CLOSING
MUMBAI, DEC 31 (PTI) SILVER SPOT (IN RS PER KILO): 61979.00 STANDARD GOLD (99.5) : 47890.00 PURE GOLD (99.9) : 48083.00 --------------------- PTI MUM SVC RUJ RUJ
Forex reserves decrease by USD 587 mln to USD 635.08 bn
Mumbai, Dec 31 (PTI) India's forex reserves decreased by USD 587 million to USD 635.08 billion for the week ended December 24, the RBI said on Friday. In the previous week ended December 17, the overall reserves had decreased by USD 160 million to USD 635.667 billion. The kitty had touched a lifetime high of [...]
Equities present memorable parting gift in 2021; investors turn wealthier by nearly Rs 78 lakh cr
New Delhi, Dec 31 (PTI) Equity investors reaped handsome rewards in 2021 as their wealth grew nearly Rs 78 lakh crore by dint of impressive market rallies despite pandemic shocks. In what turned out to be a historic year, the Indian stock indices went past multiple milestones and as the curtains came down on the [...]
Mustard seed sowing up 22 pc; wheat slightly down this rabi season: Agri Min
New Delhi, Dec 31 (PTI) Area sown under rapeseed/mustard seed crop increased by 22.46 per cent to 88.54 lakh hectare, while the coverage under wheat crop remains slightly lower so far in the ongoing 2021-22 rabi season, according to the latest data released by the agriculture ministry. Wheat, the main rabi crop, has been planted [...]
It’s not BJP money: FM on Rs 200 cr seized from perfume maker in Kannauj
New Delhi, Dec 31 (PTI) Union Finance Minister Nirmala Sitharaman on Friday said the nearly Rs 200 crore cash recovered in tax searches on perfume maker Peeyush Jain in UP's Kannauj district is not BJP money, and that the raid was at the correct address and not by an outcome of knocking at wrong doors. [...]
2021 Sensex highlights
New Delhi, Dec 31 (PTI) The 30-share Sensex settled at 58,253.82, a gain of 459.50 points or 0.80 per cent on the last trading day of 2021 on Friday. The yearly gain of the index is 10,502.49 points or 21.99 per cent. Following are the milestones achieved by Sensex this year. *October 19: The BSE [...]
Rupee closes 2021 at 74.29, declines by 1.67 pc in year
Mumbai, Dec 31 (PTI) The rupee rose by 13 paise to close at 74.29 against the US dollar on the last trading session of 2021, tracking positive domestic equities amid year-end dollar selling by banks and exporters. The rupee, however, closed the 2021 year with overall losses of 122 paise or 1.67 per cent due [...]
Mining in Goa must go on, resumption to be big relief for hundreds of people: Agarwal
New Delhi, Dec 31 (PTI) Vedanta Resources Chairman Anil Agarwal on Friday said mining in Goa must go on and its resumption will be a big relief for hundreds of people. Mining operations in Goa came to a grinding halt in March 2018 after the Supreme Court quashed 88 mining leases. In a tweet, Agarwal [...]
2021 full of milestones for market: Sensex, Nifty rally up to 24 pc
Mumbai, Dec 31 (PTI) Indian equity market ended the year 2021 on a high note on Friday, with the BSE benchmark Sensex rising over 450 points and the NSE Nifty advancing over 150 points on account of widespread buying across sectors. After an eventful 2020, benchmark indices showed strong resistance in 2021 with the economy [...]
Over 16.2mn content pieces ‘actioned’ on Facebook proactively in India during Nov: Meta
New Delhi, Dec 31 (PTI) Social media giant Meta said over 16.2 million content pieces were "actioned" on Facebook across 13 violation categories proactively in India during the month of November. Its photo sharing platform, Instagram took action against over 3.2 million pieces across 12 categories during the same period proactively, as per data shared [...]
Centre’s fiscal deficit touches 46.2 pc of annual target till Nov-end
New Delhi, Dec 31 (PTI) The central government's fiscal deficit at the end of November worked out to be 46.2 per cent of the annual budget target for the financial year 2021-22 due to an improvement in the revenue collection, according to official data released on Friday. The deficit figures in the current financial year [...]
2021 Economic Trends in India by Economist Vaibhav Sharma
New Delhi, Delhi, India – Business Wire India • Two decades ago, India launched into a journey of economic liberalization, this opportunity opened India’s doors to economic process and social evolution. • The investment and trade regime from 1991 raised the Indian economic process, magnified shopper alternatives, and reduced poorness considerably throughout the society. The [...]
No extension of I-T return filing deadline: Govt
New Delhi, Dec 31 (PTI) The government on Friday said there is no proposal to extend the deadline for filing income tax returns beyond its current deadline of December 31. Revenue Secretary Tarun Bajaj said December 31, 2021, remains the official deadline for filing of income tax returns. He said returns filed so far are [...]
NEWSALERT
No proposal to extend deadline to file income tax returns; the date of 31 December 2021 remains the official deadline: Revenue Secretary. PTI JD ANZ MR MR
JMS Foundation Organizes Blanket Seva for the Widows & Mothers in Need
New Delhi, Delhi, India (NewsVoir) This winter, JMS Foundation took this gratifying initiative to distribute 1000 blankets for the widows and mothers in need. This humanitarian service took place at Vrindavan, Mathura. Human Rights Day is observed every year on 10th December - the day the United Nations General Assembly was adopted, in 1948, the [...]
SITI Networks appoints Yogesh Sharma as CEO; Anil Kumar Malhotra resigns
New Delhi, Dec 31 (PTI) Multi-system operator SITI Networks Ltd on Friday said it has appointed Yogesh Sharma as its new chief executive officer, effective Saturday. The company's board in its meeting on Friday approved the appointment of Sharma as incumbent Anil Kumar Malhotra has resigned due to other professional obligations and commitments with effect [...]
Sebi rejigs market data advisory panel
New Delhi, Dec 31 (PTI) Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy. Rejigging its market data advisory committee, Sebi has said the panel will now be chaired by S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and [...]
ADB gets USD 1 mn grant from JFPR for Assam skill university
New Delhi, Dec 31 (PTI) Asian Development Bank (ADB) has secured a USD 1 million (about Rs 7.4 crore) grant from Japan Fund for Poverty Reduction (JFPR) to be utilised for knowledge and technical support for an ADB-funded skill university in Assam. The Japan Fund for Poverty Reduction (JFPR) has approved a USD 1 million [...]
It’s not BJP money, FM on Rs 200 cr seized from perfume maker in Kannauj
New Delhi, Dec 31 (PTI) Union Finance Minister Nirmala Sitharaman on Friday said the nearly Rs 200 crore cash recovered from perfume maker Peeyush Jain is not BJP money, as she defended the timing of the tax raids saying they were based on actionable intelligence. Speaking to reporters after GST Council meeting, she said law [...]
Gold gains Rs 144; silver jumps Rs 664
New Delhi, Dec 31 (PTI) Gold price in the national capital on Friday gained Rs 144 to Rs 46,874 per 10 gram in line with strong international precious metal prices, according to HDFC Securities.In the previous trade, the yellow metal settled at Rs 46,730 per 10 gram.Silver also jumped Rs 664 to Rs 61,015 per [...]
PTC India begins supplying 270-MW electricity to Kerala under Centre’s pilot scheme
New Delhi, Dec 31 (PTI) Power trading solutions firm PTC India on Friday said it has started electricity supply to the Kerala State Electricity Board under the power ministry's Pilot Scheme-II. The company in a statement said 270-MW electricity supply starts from January 1, 2022, from the project of Jindal India Thermal Power Ltd in [...]
Sensex rallies over 450 pts on last trading day of 2021
Mumbai, Dec 31 (PTI) Equity benchmark Sensex rallied over 450 points on the last trading day of 2021 on Friday, led by strong gains in Maruti, SBI and Bajaj Finance. The 30-share index surged 459.50 points or 0.80 per cent to end at 58,253.82. Similarly, the Nifty rose by 150.10 points or 0.87 per cent [...]
Rupee ends 2021 on positive note; settles 13 paise higher at 74.29 against USD
Mumbai, Dec 31 (PTI) The rupee surged 13 paise to close at 74.29 (provisional) against the US dollar on the last trading session of 2021, tracking positive domestic equities amid year-end dollar selling by banks and exporters.At the interbank forex market, the local unit opened up at 74.35 against the greenback and witnessed an intra-day [...]
NEWSALERT
It's not BJP money: Finance Minister Nirmala Sitharaman on cash seized from perfume maker Peeyush Jain in Kannauj. PTI JD ANZ MR MR
NEWSALERT
Income tax raids in UP, including an SP MLC from Kannauj, based on actionable intelligence: FM Nirmala Sitharaman. PTI JD ANZ MR MR
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