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Navratna PSU stock with order book worth ₹ 76,000 Cr and high piotroski score of 9
Shares of a company that manufactures and supplies electronic equipment and systems to the defence sector surged by 0.4 percent on BSE to hit an intraday high at Rs. 301 in the trading session of Thursday. With a market capitalisation of Rs. 2.19 lakh crores and a Piotroski score of 9, the shares of Bharat [...]
Mining stocks with capacity expansion plans for FY25 to add to your watchlist
India's mining sector is poised for major expansion, with ambitious targets and policy backing. The coal sector aims for 1 billion tonnes of production by 2024-25, led by Coal India Limited and NLC India. The steel sector is targeting a crude steel capacity of 300 million tonnes per year by 2030-31. The expansion plans in [...]
4 Tata group stocks that delivered up to 45% return in just 1 month; Should you book profits?
Founded in 1868 by Jamsetji Tata, the Tata Group is one of India's largest conglomerates, owned by Tata Sons. It is the second-largest business house in India and has the highest number of companies listed on the stock exchange. The Tata Group includes several industry-leading companies such as TCS, Tata Motors, Tata Steel, and Tata [...]
2 Stocks jump up to 9% after FIIs bought 71.33 Lakh shares via bulk deal
By the close, the Sensex had risen by 67.50 points or 0.08 percent to 81,779.26, while the Nifty climbed 27.50 points or 0.11 percent to 25,045.30. The market saw 1,726 stocks advance, 2,049 declines, and 85 remain unchanged. Here are the stocks that jumped up to 9% after FII’s bought stake in this company: Tata [...]
Stocks to Buy: Semiconductor, chemical and other stocks that can deliver 50% returns
The Benchmark Indices concluded Wednesday's trading session positively, with the Sensex rising marginally by 73.8 points, or nearly 0.09 percent, ending the day at 81,785.56. Meanwhile, the Nifty 50 index increased by about 34.6 points, equivalent to a gain of nearly 0.14 percent, and closed in the green at 25,052.35. Over the previous five trading [...]
Green energy stock in focus after company becomes debt free
India's green energy industry is quickly developing, with more than 174 GW of renewable energy capacity built by 2023, accounting for 42% of total power capacity. Driven by government measures, the country plans to reach 500 GW by 2030, with a concentration on solar, wind, and hydroelectric energy to cut carbon emissions. With a market [...]
Ethanol stock falls 10% after SEBI bans company’s promoters for fund diversion
Shares of the company specializing in manufacturing Sugar, Ethanol, and co-generation of power, dropped nearly 10 percent after SEBI banned some of its promoters for fund diversions and mismanagement, and imposed a fine of Rs.63 crore on the company. Price Movement The share price of Rana Sugars Limited dropped by 10 percent, reaching an intra-day [...]
Ashish Kacholia stock hits 5% upper circuit after receiving ₹ 296 Cr order from solar energy corp
In Wednesday’s trading session, the shares of a company engaged in the business of power and infrastructure development hit a 5% upper circuit at Rs. 1,979.7, after the company secured an order worth Rs. 296 crores from Solar Energy Corporation of India Limited. With a market cap of Rs. 2,020.8 crores, the shares of Advait [...]
Stock hits 5% upper circuit after it sets record date for 1:1 stock split
In the morning trading session of Wednesday, the shares of a company in the business of providing consulting services hit a 5% upper circuit at Rs. 103.95 on BSE, after the Board of the company fixed the record date for a 1:1 stock split. With a market capitalisation of Rs. 30.5 crores, the shares of [...]
Navratna stock jumps 15% after company’s board to consider bonus issue
The shares of this state-run company surged around 15 percent in Wednesday’s trading session following the board’s decision to review a proposal for issuing bonus shares. The shares have delivered a muti-bagger return of 289 percent to its shareholders in one year. Price Movement: With a market capitalization of Rs. 35,388 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
NEWSALERT
Income tax raids in UP, including an SP MLC from Kannauj, based on actionable intelligence: FM Nirmala Sitharaman. PTI JD ANZ MR MR
NEWSALERT
Did taxmen return empty handed after raids, asks FM Sitharaman on opposition charge of tax raids being politically motivated. PTI JD ANZ MKJ
KOLKATA BULLION CLOSING
Kolkata, Dec.31(PTI): SILVER RDY. (BAR) : Rs.62,250.00(61,400.00) Per Kg.SILVER RDY.(PORTION) : Rs.62,350.00(61,500.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,600.00(48,400.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,100.00(45,900.00) Per 10 Gms.HALLMARKED GOLD (22-CT) RDY. : Rs.46,800.00(46,600.00) Per 10 Gms. ---- PTI SAM
PRICES MUM BULLION OPEN
MUMBAI, DEC 31 (PTI) SILVER SPOT (IN RS PER KILO): 61896.00 STANDARD GOLD (99.5) : 47885.00 PURE GOLD (99.9) : 48078.00 -------------------- PTI MUM SVC RUJ RUJ
MONEY MARKET OPERATIONS
MUMBAI, DEC 31, (PTI) Money Market Operations as on DEC 30, 2021 (Amount in crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment (I+II+III+IV) 5,17,597.24 3.41 1.00-3.60 I. Call Money 8,882.43 3.33 2.00-3.60 II. Triparty Repo 4,14,021.15 3.41 3.20-3.48 III. Market Repo 94,693.66 3.45 1.00-3.60 IV. Repo [...]
DIRECT EXCHANGE RATES SBI
MUMBAI, DEC 31 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE. ( ALL RATES IN RUPEES PER UNIT ). CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 73.70 75.20 73.64 75.36 EUR/INR 82.84 85.66 82.77 85.84 GBP/INR 98.91 102.10 98.82 102.30 JPY/INR 63.62 65.77 63.56 65.90 [...]
NEWSALERT
Group of state ministers given time till February to look at GST rate rationalisation, says FM Nirmala Sitharaman after GST Council meeting. PTI JD ANZ MKJ
‘Registration of homes in Mumbai city declines 52 pc in Dec; up 70 pc for full 2021’
New Delhi, Dec 31 (PTI) Registration of housing properties in the Mumbai municipal region fell 52 per cent year-on-year to 9,320 units during December on higher base, but the numbers jumped 70 per cent in the full calendar year 2021 to 1,11,552 units, according to Knight Frank India. The registration numbers for full year 2021 [...]
GoSats 12 day Christmas campaign is enabling users to win 100% extra Bitcoin Rewards
India, 31st December 2021: GoSats; India’s first Bitcoin Rewards company, has introduced a 12 Day long Christmas Campaign in which users are presented with a variety of options to win exciting Bitcoin rewards. The campaign began on 21st December, 2021 and will continue until 2nd Jan 2022. GoSats is India’s first Bitcoin Rewards platform that [...]
2021 brings new norms for social media cos to ‘follow’; firms ‘share’ concerns but ‘subscribe’
New Delhi, Dec 31 (PTI) Explosive confrontations and standoffs between social media giants and the government marked a stormy start to 2021, and the coming year promises to be just as action-packed as India brings in legislation to protect personal data, enforces tighter checks on digital platforms and regulates cross border transfer of information. The [...]
GST Council defers rate hike on textiles : Andhra FM
New Delhi, Dec 31 (PTI) The Goods and Services Tax (GST) Council has decided to defer the hike in tax rate on textiles from 5 per cent to 12 per cent as several state governments have raised objections, Andhra Pradesh Finance Minister Buggana Rajendranath Reddy said on Friday. Speaking to reporters after the 46th GST [...]
Removed 61,114 content pieces in Nov in India: Google compliance report
New Delhi, Dec 31 (PTI) Google received 26,087 complaints from users and removed 61,114 pieces of content based on those complaints in November, the tech giant said in its monthly transparency report. In addition to reports from users, Google also removed 3,75,468 pieces of content in November as a result of automated detection. Google had [...]
Ola Electric says dispatched e-scooters to all buyers, to open next purchase window ‘very soon’
New Delhi, Dec 31 (PTI) Ola Electric has dispatched its electric scooters to all who have purchased and it will be opening the next purchase window very soon, Ola Chairman and Group Executive Officer Bhavish Aggarwal said on Friday. The company, which had in August this year forayed into the green mobility space with the [...]
SII applies to Indian authorities for full market authorisation of Covishield
New Delhi, Dec 31 (PTI) Serum Institute of India (SII) CEO Adar Poonawala on Friday said the vaccines major has applied to Indian authorities for full market authorisation of Covishield, stating supplies of the COVID-19 vaccine have exceeded 125 crore doses. SII had partnered with the developer of Covishield, AstraZeneca, for the supply of the [...]
Aluminium futures decline on low demand
New Delhi, Dec 31 (PTI) Aluminium prices on Friday fell 0.49 per cent to Rs 224.50 per kg in the futures market as participants trimmed their positions on a subdued trend in the spot market. On the Multi Commodity Exchange, aluminum for delivery in January declined by Rs 1.10, or 0.49 per cent, to Rs [...]
Copper futures rise on high spot demand
New Delhi, Dec 31 (PTI) Copper prices on Friday traded up by 0.09 per cent to Rs 743.35 per kg in the futures market on the back of a pick-up in the spot demand. On the Multi Commodity Exchange, copper contracts for delivery in January traded higher by 70 paise, or 0.09 per cent, to [...]
Nickel futures gain on firm spot demand
New Delhi, Dec 31 (PTI) Nickel prices on Friday increased by 0.23 per cent to Rs 1,563.80 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 3.60, or 0.23 [...]
Zinc futures slip on muted demand
New Delhi, Dec 31 (PTI) Zinc prices on Friday fell 0.52 per cent to Rs 286.50 per kg in the futures trade, as speculators reduced their exposure on negative cues from the spot market. On the Multi Commodity Exchange, zinc contracts for the January delivery traded lower by Rs 1.50, or 0.52 per cent, to [...]
Crude oil futures dip on weak spot demand
New Delhi, Dec 31 (PTI) Crude oil prices on Friday fell Rs 45 to Rs 5,690 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for the January delivery dropped by Rs 45, or 0.78 per cent, to Rs 5,690 per barrel with a business volume of 9,031 lots. Analysts [...]
Sri Lanka agrees to extend lease of strategic WWII oil tank farm 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 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 be signed next week after the [...]
Gold futures fall on low demand
New Delhi, Dec 31 (PTI) Gold prices on Friday fell Rs 45 to Rs 47,840 per 10 grams in the futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for February traded lower by Rs 45, or 0.09 per cent, to Rs 47,840 per 10 grams in [...]
Silver futures rise on spot demand
New Delhi, Dec 31 (PTI) Silver prices on Friday rose Rs 50 to Rs 62,210 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 50, or 0.08 per cent, to Rs 62,210 per kg in [...]
Growing West Bengal economy eyes fresh investments, aims mega project rollouts in 2022
Kolkata, Dec 31 (PTI) West Bengal maintained its growth momentum this year despite pandemic headwinds and going forward, rolling out of mega projects will be a key priority for the state government as it focuses on industrialisation for sustainable economic expansion. As uncertainties continue to persist in the wake of rising COVID cases, attracting fresh [...]
PTC Network’s PTC Play App is Set to Telecast Gurbani in Full HD
PTC's special gift to viewers on this New Year. PTC Play offering viewers the Gurbani from Sri Darbar Sahib, Amritsar in full HD for the first time Chandigarh, Punjab, India (NewsVoir) This new year, the Ardas of millions worldwide, to watch Gurbani Kirtan from Sri Darbar Sahib, Amritsar, in full HD format, is getting fulfilled. [...]
GST Council defers implementation of tax rate hike on textiles
New Delhi, Dec 31 (PTI) The GST Council on Friday decided to put on hold the decision to hike tax rate on textiles to 12 per cent after many states, including Tamil Nadu and West Bengal, opposed the move, an official said. The 46th meeting of the GST Council, chaired by Union Finance Minister Nirmala [...]
Aditya Birla Health Insurance gross written premium jumps 39 pc to Rs 764 cr in H1 FY22
New Delhi, Dec 31 (PTI) Aditya Birla Health Insurance has clocked a 39 per cent jump in its gross written premium during the first half of the current fiscal at Rs 764 crore.The health insurer has also completed five years of its existence recently and covered as many as 16 million (1.6 crores) lives to [...]
Fabric maker BSL earmarks Rs 150cr capex, aims at Rs 700cr revenue in FY24
Kolkata, Dec 31 (PTI) Fabric manufacturer BSL, formerly Bhilwara Synthetics Ltd, has planned a capital expenditure of Rs 150 crore to augment cotton spinning capacity at its facility in Rajasthan and is aiming at Rs 700-crore revenue during the 2023-24 fiscal, a company official said. The capital expenditure (capex) will also help boost sales and [...]
BGE-COMML-COMMODITIES
Bengaluru, Dec 31 (PTI) Following are Friday'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 1500-2000: Medium 1500-2000: Onion Big 2800-3200: Medium 2000-2800: Small 1000-2000: Tamarind 9000-11000: Garlic 6500-7500: Horsegram 4000-4600: Wheat 2500-3500 Turmeric 9500-15000: Tur [...]
BGE-VEGETABLES
Bengaluru, Dec 31 (PTI) Following are today's vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-6000, Brinjal 800-7100, Tomato 333-6000, Bitter Gourd 2500-7100, Bottle Gourd 1300-3500, Ash Gourd 1200-1800, Green Chilly 400-7405, Banana green 500-19000, Beans 350-7000, Green Ginger 600-5000, Carrot 2500-9000, Cabbage 300-4500, Ladies Finger 350-8000, Snakeguard 1400-4000, Beetroot [...]
Soybean futures slip on muted demand
New Delhi, Dec 31 (PTI) Soybean prices on Friday fell by Rs 37 to Rs 6,260 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 37, or 0.59 per cent, to Rs 6,260 per [...]
Refined soya oil futures fall on low demand
New Delhi, Dec 31 (PTI) Refined soya oil prices on Friday fell by Rs 12.9 to Rs 1,165 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.On the National Commodity and Derivatives Exchange, refined soya oil for delivery in January declined by Rs 12.9, or 1.1 per cent, [...]
Guar seed futures rise on fresh bets
New Delhi, Dec 31 (PTI) Guar seed prices on Friday rose by Rs 59 to Rs 5,970 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 59, or 1 per cent, [...]
Continue to focus on creating infrastructure to boost exports: APEDA
New Delhi, Dec 31 (PTI) Agricultural and Processed Food Products Export Development Authority (APEDA), an arm of the commerce ministry, on Friday said it is focusing on creating infrastructure and clusters in collaboration with state governments to promote outbound shipments.Exports of agricultural and processed food products have risen to USD 20,674 million (Rs 1,53,050 crore) [...]
Guar gum futures gain on spot demand
New Delhi, Dec 31 (PTI) Guar gum prices on Friday gained Rs 157 to Rs 10,674 per five quintal in futures trade as speculators increased their holdings on spot demand.On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher by Rs 157, or 1.49 per cent, to Rs 10,674 per [...]
SII applies to Indian authorities for full market authorisation of Covishield
New Delhi, Dec 31 (PTI) Serum Institute of India (SII) CEO Adar Poonawala on Friday said it has applied to Indian authorities for full market authorisation of Covishield, stating supplies of the COVID-19 vaccine have exceeded 125 crore doses. SII had partnered with the developer of Covishield, AstraZeneca, for the supply of the vaccine to [...]
Coriander futures rise on spot demand
New Delhi, Dec 31 (PTI) Coriander prices on Friday rose by Rs 162 to Rs 8,620 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 162, or 1.92 per cent, to Rs 8,620 per quintal with [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Dec 31 (PTI) Cottonseed oil cake prices on Friday increased by Rs 62 to Rs 3,065 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 62, or 2.06 per cent, [...]
Reliance New Energy Solar to acquire UK’s battery firm Faradion
London, Dec 31 (PTI) Reliance New Energy Solar Ltd (RNESL) has signed definitive agreements to acquire UK-based sodium-ion battery technology company Faradion for an enterprise value of GBP 100 million, both companies announced on Friday. RNESL, a wholly owned subsidiary of Mukesh Ambani led Reliance Industries Ltd (RIL), will acquire 100 per cent shareholding in [...]
Tech Mahindra to acquire 100% stake in Allyis India, Green Investments
New Delhi, Dec 31 (PTI) Tech Mahindra on Friday said it has approved a proposal for the acquisition of a 100 per cent stake in Allyis India and Green Investments, for a total consideration of up to USD 125 million.The acquisition is expected to bolster Tech Mahindra's capabilities in digital experience solutions - learning and [...]
Insolvency cases: After missed timelines in 2021, process likely to speed up with improved infrastructure
New Delhi, Dec 31 (PTI) The insolvency resolution process, which seeks to address stressed assets in a quick and time-bound manner, appeared to lose its steam in 2021 with delays and eyebrows were also raised over actual realisations as creditors took steep "hair cuts" in some cases.The National Company Law Tribunal, the designated authority under [...]
KOLKATA BULLION OPENING
Kolkata, Dec.31(PTI): SILVER RDY.(BAR) : Rs.61,400.00 Per Kg.SILVER RDY.(PORTION) : Rs.61,500.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,400.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.45,900.00 Per 10 Gms.HALLMARKED GOLD (22-CT) RDY. : Rs.46,600.00 Per 10 Gms. ---- PTI SAM
WallMantra raises Rs 2 crore in seed funding from Fluid Ventures
New Delhi, Dec 31 (PTI) Home decor and furnishing startup WallMantra on Friday said it has raised Rs 2 crore from Fluid Ventures Fund in a seed round of funding.The company plans to utilise the funds for strengthening its sales and marketing capabilities and introducing aesthetically pleasing decor products for the Indian and US markets, [...]
Govt approves 19th tranche of electoral bonds; sale opens on Jan 1
New Delhi, Dec 31 (PTI) Ahead of assembly elections in five states, the government on Thursday approved the issuance of the 19th tranche of electoral bonds, which will be open for sale from January 1 to 10.Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts [...]
CMS Info Systems shares list with nearly 2 % premium
New Delhi, Dec 31 (PTI) Shares of cash management company CMS Info Systems Ltd on Friday listed with nearly 2 per cent premium against its issue price of Rs 216. The stock listed at Rs 218.50, a gain of 1.15 per cent on the BSE. It further jumped 12.84 per cent to Rs 243.75. At [...]
Rupee gains 12 paise to 74.30 against US dollar in early trade
Mumbai, Dec 31 (PTI) The rupee appreciated by 12 paise to 74.30 against the US dollar in opening trade on Friday, tracking gains in domestic equity markets.At the interbank foreign exchange, the rupee opened strong at 74.35 against the American dollar, then inched higher to 74.30, registering a rise of 12 paise from the last [...]
NEWJ Jumps 10 Spots in Top Global Digital First Publishers by Tubular Inc; Now Ranks at the 25th position
Homegrown digital-first publisher clocks six times higher viewership by end of 2021 in a short span of over two years Mumbai, Maharashtra, India (NewsVoir) NEWJ (New Emerging World of Journalism Limited) jumps 10 spots and has been ranked 25th among the top global digital-first publishers. NEWJ is the only Indian news publisher to consistently find [...]
Industry body seeks Odisha CM’s intervention in resolving coal shortage
Bhubaneswar, Dec 30 (PTI) An industry body has sought the intervention of Odisha Chief Minister Naveen Patnaik in resolving the “acute” coal shortage faced by captive power plants in the state.The Utkal Chamber of Commerce and Industry Ltd (UCCI) said the paucity due to curtailment of coal supplies since August was a threat to the [...]
Business schedule for Friday, Dec 31
Business schedule for Friday, Dec 31 DELHI: * GST Council meeting (1100 hrs) Press conference (1500 hrs) MUMBAI: * No major events listed. PTI BAL BAL
Sensex surges over 350 pts in early trade; Nifty above 17,300
Mumbai, Dec 31 (PTI) Equity benchmark Sensex jumped over 350 points in early trade on Friday, led by strong gains in index majors ICICI Bank, Reliance Industries and HDFC amid mixed cues from Asian markets. The 30-share index was trading 364.54 points or 0.63 per cent higher at 58,158.86 in opening trade. Similarly, the Nifty [...]
LIC, GIC Re and New India systemically important insurers: Irdai
New Delhi, Dec 30 (PTI) Insurance regulator Irdai on Thursday said the state-owned LIC, GIC Re and New India continue to be identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22.D-SIIs refer to insurers of such size, market importance and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in [...]
Bengal should focus on affordable power tariff, MSMEs to boost economy: Industry body
Kolkata, Dec 30 (PTI) West Bengal should focus on affordable electricity tariff for industries, greater availability of institutional credit for MEMEs and manufacturing of value-added products across sectors to boost economic activities in the state, an official of an industry body said. The government must encourage industries to carry on modernisation, he said. “If Bengal [...]
IndiGo shareholders approve removal of RoFR clause from AoA
New Delhi, Dec 30 (PTI) IndiGo shareholders on Thursday approved a special resolution to remove the clause, which gave its promoters, Rakesh Gangwal and Rahul Bhatia, the power of right of first refusal (RoFR) when one of them wanted to sell his shares, from the Articles of Association (AoA) of the airline. The passage of [...]
RBL Bank sets up panel to hunt for MD & CEO
New Delhi, Dec 30 (PTI) RBL Bank has tasked a search panel, comprising two board members, chairman of its nomination & remuneration committee and an external expert, to find a suitable candidate for the lender's MD and CEO post, according to a regulatory filing. The bank's board on December 25 elevated Rajeev Ahuja as an [...]
Develop appropriate mechanism to extend financial support to Arunachal: Dy CM to Centre
Itanagar, Dec 30 (PTI) Arunachal Pradesh Deputy Chief Minister Chowna Mein on Thursday urged the Centre to consider an appropriate mechanism to ensure adequate financial assistance for development of the northeastern state. During a pre-budget meeting convened by Union Finance Minister Nirmala Sitharaman in New Delhi, he stressed on "non-availability of funding from multilateral development [...]
IDFC First Bank board favours merger with promoter entities
New Delhi, Dec 30 (PTI) IDFC First Bank on Thursday said its board has favoured the merger IDFC Ltd and IDFC Financial Holding Co Ltd (promoter group) with the bank. The board of directors of the bank in a meeting held on December 30, 2021, considered the proposal for merger of IDFC Ltd and IDFC [...]
About 27 lakh income tax returns filed on Thursday, total FY21 filing crosses 5.36 cr: I-T dept
New Delhi, Dec 30 (PTI) Over 5.36 crore income tax returns for the financial year March 2021 have been filed so far, with about 27 lakh returns filed on Thursday alone as the compliance deadline neared, the I-T department said. The extended deadline for individuals to file income tax (I-T) returns ends on December 31. [...]
Govt to receive proposals for semiconductor fabs, display units from Jan 1
New Delhi, Dec 30 (PTI) Within days of announcing a Rs 76,000-crore policy push for semiconductor and display manufacturing, the government on Thursday said it will start receiving applications from companies keen on setting up semiconductor fabs, display units and for other related schemes from January 1, 2022. Releasing the guidelines for mega scheme designed [...]
Business briefs
JK Paper President A S Mehta elected as President IPAMA New Delhi, Dec 30 (PTI) JK Paper President and Director A S Mehta and Naini Papers Managing Director Pawan Agarwal have been elected as the Indian Paper Manufacturers Association's (IPMA) president and vice-president, respectively. Both were elected in the 22th AGM of the national apex [...]
Kerala FM Balagopal hopes Centre’s approvals come at the earliest for K-Rail proj
New Delhi, Dec 30 (PTI) Amidst various political parties opposing the proposed K-Rail project in the state, Kerala Finance Minister K N Balagopal on Thursday said the state government takes people into confidence for all projects and hoped that the Centre's clearances for K-Rail initiative will come at the earliest. The ambitious K-Rail project, also [...]
FMCG distributors in Maharashtra to stop selling HUL products from Jan 1
New Delhi, Dec 30 (PTI) FMCG distributors in Maharashtra are planning to stop selling select products of leading firm HUL from January 1, as the company has not engaged in talks with them over the issue of price disparity between traditional distributors and organised B2B distributors. However, HUL said their arrangements with their distributor partners [...]
Brinton Pharma to launch generic version of anti-COVID-19 pill Molnupiravir next week in India
New Delhi, Dec 30 (PTI) Brinton Pharmaceuticals on Thursday said it will launch its generic version of anti-COVID-19 pill Molnupiravir next week in India. The company will introduce it in the domestic market under the brand 'Molviton', Brinton Pharmaceuticals said in a statement. "Our brand Molviton would be available at all leading pharmacies and Covid [...]
Firstsource Solutions acquires American Recovery Services
New Delhi, Dec 30 (PTI) Firstsource Solutions on Thursday said it has entered into an agreement to acquire American Recovery Services Inc (ARSI), a nationwide legal collections network headquartered in Southern California.The acquisition enhances Firstsource’s leadership in consumer debt management services by adding legal stage collections capabilities, Firstsource said in a regulatory filing."The debt collections [...]
LIBOR transition: SBI says ready to embrace new alternatives
Mumbai, Dec 30 (PTI) The country's largest lender SBI on Thursday said it is ready to embrace new interest rate benchmarks necessitated due to the LIBOR cessation. All its systems and processes are aligned to support transactions linked to these alternate reference rates (ARR), an official statement said. It added that SBI has already started [...]
Kerala demands 5-yr extension of GST compensation, higher allocation in centrally sponsored schemes
New Delhi, Dec 30 (PTI) Kerala on Thursday demanded extension of GST compensation period by another five years and a rehabilitation package for "return migrants" who have come back to the state from foreign countries amid the COVID-19 pandemic. In a list of demands submitted to the Centre during the pre-Budget meeting of Union Finance [...]
Goyal holds review meeting on medical oxygen preparedness amid rising COVID-19 cases
New Delhi, Dec 30 (PTI) Commerce and Industry Minister Piyush Goyal on Thursday discussed with senior officials effective ways to ensure adequate medical oxygen availability in the country in the wake of increasing COVID-19 cases. Due to an unprecedented surge in demand for medical oxygen across the country during the second wave of COVID-19, the [...]
SBI to acquire nearly 10 pc stake in India International Clearing Corporation
New Delhi, Dec 30 (PTI) State Bank of India (SBI) on Thursday said it will acquire about 10 per cent stake in the India International Clearing Corporation (IICC). IICC is the first international clearing corporation set up at GIFT-IFSC that acts as a central counterparty providing clearing and settlement and risk management services. It clears [...]
States pitch for continuation of GST compensation for another 5 years
New Delhi, Dec 30 (PTI) State governments, including Chhattisgarh, Kerala, Delhi and West Bengal on Thursday pressed for continuation of the GST compensation for another five-year period in view of the financial stress created by the outbreak of the pandemic. The demand for extension of the GST cess regime among others was made by several [...]
Dish TV AGM concludes, e-voting results to be placed before Bombay High Court
New Delhi, Dec 30 (PTI) The AGM of Dish TV was held on Thursday but the outcome of the e-voting for passing resolutions, including reappointment of its director Ashok Kurien, will be known only after the permission of the Bombay High Court. Having postponed twice before, the AGM was held virtually amid the ongoing fight [...]
Earth Energy looks to invest Rs 100 crore in two years as EV demand rises
Mumbai, Dec 30 (PTI) EV maker Earth Energy, which is set to commence deliveries of its Glyde range of e-scooters from early next month, is looking to invest around Rs 100 crore in the next two years as the electric vehicle (EV) demand is going up exponentially going forward, its founder CEO Rushii Senghani has [...]
Business highlights
New Delhi, Dec 30 (PTI) Following are the top business stories at 2020 hours: DEL64 BIZ-LD-STOCKS Sensex, Nifty edge down amid F&O expiry; RIL tumbles nearly 2 pc Mumbai: Benchmark stock indices Sensex and Nifty ended marginally down on Thursday due to losses in oil and gas, metal and auto stocks as investors remained cautious [...]
SWRE board approves allotment of 2.93 crore shares worth Rs 1,099 crore to RNESL
New Delhi, Dec 30 (PTI) Sterling and Wilson Renewable Energy (SWRE) on Thursday approved the allotment of 2.93 crore equity shares for Rs 1,099 crore to Reliance New Energy Solar Ltd. Post this transaction, Reliance New Energy Solar Ltd (RNESL), part of Reliance Industries, will hold 15.46 per cent paid-up equity share capital of SWRE. [...]
‘Media, entertainment revive to pre-pandemic level, to grow to USD 55-70 bn by 2030’
New Delhi, Dec 30 (PTI) The Indian Media & Entertainment industry has revived to pre-COVID levels and is expected to grow to USD 55-70 billion by 2030 with a CAGR of 10-12 per cent, driven mainly by strong growth in OTT, gaming, animation and VFX, said a report. The industry continues to showcase multimodal growth [...]
Ram Charan bags USD 700-mn order from Azerbaijan to supply waste management units
Mumbai, Dec 30 (PTI) Ram Charan, a Chennai-based chemicals trader-turned-deep-tech firm focusing on waste management technologies, has bagged a USD 700-million order from an Azerbaijan company to supply waste management units, which will turn the waste into 200 megawatts (MW) of power. The agreement between Azerbaijan-based Kafkans Finanz, which is into logistics, infrastructure and imports, [...]
NTPC board okays discontinuation of Muzaffarpur Thermal Power Station
New Delhi, Dec 30 (PTI) State-run power major NTPC on Thursday said its board has approved a proposal to discontinue operation of Muzaffarpur Thermal Power Station (MTPS), Stage-I (2X110 MW) of Kanti Bijiee Utpadan Nigam Ltd (KBUNL) from September 8, 2021. "..on expiry of validity of the PPA power purchase agreement) entered into with erstwhile [...]
PRICES BULLION CLOSE
MUMBAI, DEC 30 (PTI) BULLION CLOSING (INCLUSIVE OF OCTROI AND LOCAL CHARGES ) SILVER SPOT (IN RS PER KILO ) : 61133.00 STANDARD GOLD (99.5) : 47607.00 PURE GOLD (99.9) : 47798.00 (NOTE : SOURCE THE BOMBAY BULLION COMMITTEE) FOR AFP: ( INCLUSIVE OF OCTROI AND LOCAL TAXES) LONDON 3012 1730 (DATE & TIME) SILVER [...]
Govt notifies new rules for consumer commissions; national body’s jurisdiction enhanced
New Delhi, Dec 30 (PTI) The National Consumer Disputes Redressal Commission (NCDRC) will now have jurisdiction to entertain consumers complaints where the value of the goods or services exceeds Rs 2 crore as against the earlier limit of over Rs 10 crore, the government said on Thursday. The Centre has notified new rules to revise [...]
PRICES MUM BULLION CLOSE
MUMBAI, DEC 30 (PTI) SILVER SPOT (IN RS PER KILO): 61133.00 STANDARD GOLD (99.5) : 47607.00 PURE GOLD (99.9) : 47798.00 --------------------- PTI MUM SVC RUJ RUJ
COMMODITY PRICES
MUMBAI, DEC 30 (PTI) METAL IN RS PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 729.00 COPPER HEAVY SCRAPS 716.00 COPPER ARMATURE (CREDIT) 697.00 COPPER UTENSILS SCRAP 635.00 CC ROD 771.00 BRASS :- BRASS SHEET CUTTING 541.00 BRASS UTENSIL SCRAP 478.00 BRASS HONEY 471.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 185.00 ALUMINIUM EXTRUSION SCRAP [...]
OILSEEDS PRICES
MUMBAI, DEC 30 (PTI) OILS (per 10 Kgs) G.Nut Raw 1320.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1180.00 Sunflower Exp.Ref. 1260.00 Cottonseed(Refined) 1195.00 Refined Palm Oil 1145.00 Soyabean Ref. 1200.00 Imp.Soyabean Crude - Rapeseed Ref. 15710.00 Rapeseed Exp. 1540.00 Copra white 1700.00 Rice Bran 4-7% FFA - Rice Bran 1111.00 Linseed 1850.00 Castor [...]
BGE-BULLION-CLOSING
Bengaluru, Dec 30 (PTI) Closing bullion rates on Thursday Standard gold : (99.5 purity) Rs 49,300 per 10 gram Ornament gold : Rs 4,598 per gram Silverspot : (.999 fineness) Rs 63,000 per kg. PTI DVR APR APR
MGR-ARECA-COCONUT-PRICES
Mangaluru, Dec 30 (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 [...]
Govt to receive proposals for semiconductor fabs, display units from Jan 1
New Delhi, Dec 30 (PTI) The government will start receiving applications from companies for setting up of semiconductor fabs, display units and for other related schemes from January 1, 2022.Earlier this month, the government approved a Rs 76,000-crore scheme to boost semiconductor and display manufacturing in the country, in a bid to position India as [...]
Manappuram Finance raises Rs 250 cr through bonds
New Delhi, Dec 30 (PTI) Manappuram Finance on Thursday said it has raised Rs 250 crore by issuing bonds, and the amount will be utilised to pare its debt and shore up capital resources. The financial resources and management committee of the company's board of directors in its meeting on Thursday approved the allotment of [...]
CCI approves acquisition of 96 pc stake in Jindal Power by Worldone
New Delhi, Dec 30 (PTI) The Competition Commission of India (CCI) on Thursday approved the acquisition of over 96 per cent stake in Jindal Power by Worldone. Earlier in July, Jindal Steel & Power Limited (JSPL) had announced receiving the Rs 7,401-crore revised offer from Worldone Private Limited to acquire the 96.42 per cent stake [...]
Sebi extends deadline for applicability of modified reporting requirements for AIFs
New Delhi, Dec 30 (PTI) Markets regulator Sebi on Thursday extended the deadline till September 30 next year for the applicability of the tweaked reporting requirements for alternative investment funds (AIFs). Earlier, the deadline was December 31, 2021. This comes after the regulator received requests from the AIF industry to [...]
Road transport ministry for allowing vehicles to have maximum 3 decks to transport 2-wheelers
New Delhi, Dec 30 (PTI) The Ministry of Road Transport and Highways has proposed to allow rigid vehicles as well as trailers to have a maximum of three decks to transport two-wheelers, with the load body not projecting over the driver's cabin, according to an official statement. It will enhance the carriage capacity of two-wheelers by [...]
Vaidyaraj Anil Validates Schizophrenia ADHD Gut Axis: Offers To Redefine Mental Healthcare Through Gut
Vaidyaraj Anil's FSSAI approved GBA Nutraceutical drops & the gut treatment therefrom validates the Gut-Brain-Axis (GBA) Concept, as the safest cure for Schizophrenia, ADHD & all mental spectrum issues including anxiety & depression. The power of the Gut-Brain Axis was first conceptualized as the Nervous Sympathy Concept in 1765, by a Scottish Physician - Robert [...]
Sanjay Kumar Singh takes charge as steel secretary
New Delhi, Dec 30 (PTI) The government on Thursday said Sanjay Kumar Singh has assumed charge as the new steel secretary. Singh, a 1987-batch IAS officer of the Madhya Pradesh cadre, succeeds P K Tripathi, who is the secretary of the Department of Personnel and Training (DoPT). Tripathi was holding the additional charge of secretary [...]
India-based Tamara Leisure Experiences Strengthens its German Portfolio with 4th Hotel Acquisition
Bangalore, Karnataka, India; Bremen, Germany (NewsVoir) Media Highlights • India-based Tamara Leisure Experiences acquires Moxy Bremen (a part of the Marriott Group) in Germany.• This is the 4th hotel acquisition by Tamara Leisure Experiences in Germany.• The hotel is located in an upcoming high-end mixed-use area Uberseestadt 3 km from the city centre.• This addition [...]
Explain how Sri Lanka’s foreign exchange reserves doubled in just one month, Opposition to government
Colombo, Dec 30 (PTI) The Sri Lankan government must explain how the country’s foreign exchange reserves surged past USD 3 billion from the USD 1.58 billion mark in just one month, the main opposition party Samagi Jana Balavegaya (SJB) demanded on Thursday. On Wednesday, the Central Bank of Sri Lanka announced that the country's foreign [...]
Biocon Biologics partner wins favourable order from US court
New Delhi, Dec 30 (PTI) Biocon Biologics Ltd, an arm of biotechnology major Biocon Ltd, on Thursday said its partner Viatris has won favourable decisions from a US federal court in Sanofi's challenge over unpatentability of five device patents for disposable insulin injection pen. The US Court of Appeals for the Federal Circuit (USCAFC) has [...]
SBI Card, Paytm join hands for card tokenisation to protect cardholders’ data
New Delhi, Dec 30 (PTI) SBI Cards and Payment Services has tied up with Paytm for card tokenisation to protect data of the cardholders. SBI Card has collaborated with Paytm to enable cardholders to tokenise their cards on devices and make payments through Paytm, SBI Card said in a regulatory filing on Thursday. Tokenisation refers [...]
FinMin extends benefit of reduced performance security for govt contracts till March 2023
New Delhi, Dec 30 (PTI) The finance ministry on Thursday extended till March 2023 the benefit of reduced performance security in government contracts. According to the rules, a successful bidder awarded a government contract has to deposit a performance security of 5-10 per cent of the value of the contract with the government. To help [...]
Licensing framework for audio conferencing, voice mail services to be part of unified licence: DoT
New Delhi, Dec 30 (PTI) The Department of Telecommunications (DoT) on Thursday said the licensing framework for audio conferencing, audiotex and voice mail services will be part of 'unified licence', going forward. Currently, standalone licence for services like audiotex and voice mail services are being issued by the telecom department as per the existing norms. "After examining the [...]
States demand extension of GST compensation for another 5 years
New Delhi, Dec 30 (PTI) Many states have demanded that the GST compensation cess regime be extended for another five years and the share of the Union government in the centrally-sponsored schemes be raised as the COVID-19 pandemic has impacted their revenues. The GST compensation to states for revenue shortfall resulting from subsuming of local [...]
Arctech Win Awards for Team and Tech Excellence in India
GURGAON, India, Dec. 30, 2021 /PRNewswire/ -- On Dec 10th, 2021, Arctech, the world's leading tracking, racking, and BIPV solutions provider, announced that its Indian subsidiary has won three awards from SolarQuarter, in recognition of their accomplishment in the region. The three awards are Company of the Year - Tracker (International) in the category of [...]
First-ever Rario Lanka Premier League NFT Packs set to launch soon
NEW DELHI, Dec. 30, 2021 /PRNewswire/ -- Cricket NFT platform Rario is all set to release its latest NFT packs containing the most epic moments from the first two editions of the Lanka Premier League (LPL). The new packs; named Remember the Titans & Trail Blazers, respectively, will feature iconic cricketing moments from the LPL, [...]
Waaree Energies supplied 1.51 MW, Solar Modules to RBA Power Private Limited
MUMBAI, India, Dec. 30, 2021 /PRNewswire/ -- Waaree Energies, India's leading solar PV module manufacturer, has Supplied 335 Wp modules for a project developed by RBA Power Pvt. Ltd. The size of the project is 1.51 MW located at Tuticorin, TN, India. Waaree has supplied 1.51 MW of poly solar modules for this. The project [...]
Rupee spurts by 29 paise to over 1-month high
Mumbai, Dec 30 (PTI) The rupee surged 29 paise to close at a more than one-month high of 74.42 against the US dollar on Thursday following year-end dollar selling by banks and exporters amid muted domestic equities. Lower commodity prices and gains in Asian peers also supported the rupee sentiment, analysts said. At the interbank [...]
Chinese firm pushing for sanctions against Sri Lanka over disputed organic fertiliser stocks: Report
Colombo, Dec 30 (PTI) A Chinese firm is pushing for economic sanctions to be imposed on Sri Lanka, including restrictions on tea imports for rejecting their consignment of organic fertiliser stocks, a move that comes when the island nation is in the midst of a severe economic crisis, a media report said on Thursday. In [...]
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