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Solar pump stock jumps 9% after receiving orders worth ₹ 11.89 Cr for cavity pumps
The shares of the leading pump manufacturer gained up to 8.6 percent after the company received new purchase orders from Ali and Sons Oilfield Equipment Manufacturing worth Rs 11.89 crore. Roto Pumps Ltd has a market capitalization of Rs 1,896.71 crore, the shares were trading at Rs 603.90 per share, increasing around 5.09 percent as [...]
Auto ancillary stock jumps 6% after SBI MF and Kotak MF bought stake worth ₹ 196 Cr
Shares of one of the leading manufacturers of forged and machined components in India surged by 6 percent on BSE to Rs. 2,579.9 on Wednesday. This increase followed a significant purchase by SBI Mutual Funds and others, which collectively purchased Rs. 196.15 crores worth of the company's shares. With a market capitalisation of Rs. 6,876.7 [...]
Defence stock jumps after receiving order worth ₹ 10.90 Cr from Bharat Dynamics
The shares of this smallcap company jumped around 2 percent receiving an order worth Rs. 10.90 crores from Bharat Dynamics Limited. In one year, the stock has delivered more than a 90 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 3,283 crores, the shares of Apollo Micro Systems Ltd started [...]
Navratna stock to buy now for an upside of more than 30%; Do you hold it?
Shares of a company engaged in the business of mining lignite and generation of power surged by nearly 1% on BSE to Rs. 282.15 in the trading session of Tuesday. With a market capitalisation of Rs. 38,832.8 crores, at 10:38 a.m., the shares of NLC India Limited were trading in the green at Rs. 280, [...]
EV stock hits 10% upper circuit after partnering with 62 companies under PM Surya Ghar Muft Bijli Yojana
The shares of this smallcap compnay locked a 10 percent upper circuit after enrolling 62 Distribution Companies under PM Surya Ghar Muft Bijli Yojana. On a YTD basis, the stock has delivered more than a 90 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 3,291 crores, the shares of Servotech [...]
Bulk Deal: Stock falls 3% after Ashish Kacholia sold 1.22% stake
In Tuesday’s trading session, the shares of a company engaged in the business of printing of books slumped 3.4 percent to hit an intraday low at Rs. 615 on BSE, after the ace investor Ashish Kacholia offloaded a 1.22 percent stake in the company. With a market capitalisation of Rs. 910.4 crores, at 01:47 p.m., [...]
Pharma stock to buy for an upside of more than 25%; Do you hold it?
India's pharmaceutical sector is a global leader, accounting for 20% of the world's generic drug exports. Valued at $50 billion in 2023, the industry is expected to reach $130 billion by 2030. It ranks 3rd globally in volume and 14th in value, driven by strong R&D and manufacturing capabilities. With a market capitalization of Rs [...]
IT stock hits 20% upper circuit after company partners with Microsoft for AI solutions
IT stock engaged in providing information technology, business process management, and consulting services hit a 20 percent upper circuit in the day’s trade upon partnering with Microsoft to Build AI Solutions. Price Action With a market capitalization of Rs. 3,974 Crores, the shares of Datamatics Global Services Limited hit a 20 percent upper circuit at [...]
Stocks out of ASM stage 1 to keep an eye on
Additional Surveillance Measure (ASM) is a regulatory mechanism in the stock market implemented by exchanges to closely monitor certain securities. Securities are identified based on criteria like price volatility, trading volumes, and market capitalization, and are then subjected to enhanced monitoring, stricter margin requirements, and increased disclosure obligations. It aims to enhance market integrity, mitigate [...]
Pharma stock jumps 5% after Govt of Singapore and ICICI Prudential Mutual Fund buy stake
The shares of the leading healthcare company gained up to 5 percent after the Government of Singapore and ICICI Prudential Mutual Fund snap up 4.3 percent and 0.97 percent equity shares in the company, respectively. With a market capitalization of Rs 8,001.29 crore, the shares of Medplus Health Services Ltd were trading at Rs 667.20 [...]
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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
Multiplex operators meet Delhi deputy chief minister, seek reopening of cinemas in Delhi
New Delhi, Dec 30 (PTI) Multiplex operators on Thursday met Delhi Deputy Chief Minister Manish Sisodia seeking his intervention in the reopening of cinema halls in the city. The operators, led by PVR Chairman Ajay Bijli, briefed about the impact on the industry after the government's decision to shut down cinemas in Delhi while enforcing [...]
Adani Total Gas launches Greenmosphere
New Delhi, Dec 30 (PTI) Adani Total Gas Ltd, the city gas joint venture of Adani Group and TotalEnergies of France, on Thursday said it has launched a new green initiative that targets afforestation, outreach to millennials, and energy audits. "Titled Greenmosphere, the initiative will drive mass tree plantation programmes, spread awareness about climate change [...]
NSPCL pays 2nd interim dividend for FY22 to NTPC
New Delhi, Dec 30 (PTI) NTPC-SAIL Power Company Ltd (NSPCL), a joint venture of NTPC & SAIL, has paid the second interim dividend of Rs 45 crore for 2021-22 towards NTPC’s 50 per cent share, a company statement said. On Wednesday, NSPCL CEO Debasish Chattopadhyay presented a cheque to the Chairman & Managing Director of [...]
NSE sees 100th firm migration from SME patform to main-board
New Delhi, Dec 30 (PTI) Leading stock exchange NSE on Thursday witnessed the 100th migration from the SME (small and medium enterprise) platform to the main-board.The exchange's SME Platform -- EMERGE -- was launched in 2012 and has been providing a viable and sustainable option for SMEs to raise funds from the capital markets.The platform [...]
Sensex, Nifty edge down amid F&O expiry; RIL tumbles nearly 2 %
Mumbai, Dec 30 (PTI) 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 amid surging Omicron cases. The 30-share BSE Sensex closed lower by 12.17 points or 0.02 per cent at 57,794.32 amid the monthly expiry of derivatives [...]
Pakistan, India inch closer towards deal on Afghan wheat transit:Report
Islamabad, Dec 30 (PTI) India has provided a list of Afghan contractors and truck drivers to the Pakistan government who would transport the Indian consignment of 50,000 metric tonnes of wheat to Afghanistan as humanitarian assistance, as the two neighbours inch closer towards finalising the agreement, a media report said on Thursday. Both countries have [...]
Food subsidy to be little less than Rs 4 lakh crore in FY22: Food secy
New Delhi, Dec 30 (PTI) The government's food subsidy is expected to be a little less than Rs 4 lakh crore in the financial year 2021-22 as against Rs 5.29 lakh crore in the previous fiscal, Food Secretary Sudhansu Pandey said on Thursday. "We are expecting little less than Rs 4 lakh crore food subsidy [...]
Rupee jumps 29 paise to close at 74.42 against US dollar
Mumbai, Dec 30 (PTI) The rupee surged 29 paise to close at 74.42 (provisional) against the US dollar on Thursday following year-end dollar selling by banks and exporters amid muted domestic equities.At the interbank forex market, the local unit opened strong at 74.56 against the greenback and witnessed an intra-day high of 74.38 and a [...]
Volvo to raise prices of select car models in India from Jan 1
New Delhi, Dec 30 (PTI) Swedish luxury carmaker Volvo on Thursday said it will increase prices of select models in India ranging between Rs 1 lakh and Rs 3 lakh from January 1 to offset rising input costs. Under the revised prices, Volvo Car India said its SUV XC40 T4 R Design variant will cost [...]
Sensex, Nifty edge down; RIL tumbles nearly 2 pc
Mumbai, Dec 30 (PTI) Equity benchmarks indices Sensex and Nifty ended marginally down on Thursday due to losses in Reliance Industries, Bajaj Finance and Maruti as investors remained cautious amid surging Omicron cases. The 30-share index ended 12.17 points or 0.02 per cent lower at 57,794.32. Similarly, the broader Nifty fell 9.65 points or 0.06 [...]
Gold declines Rs 98; silver tumbles Rs 699
New Delhi, Dec 30 (PTI) Gold prices declined by Rs 98 to Rs 46,688 per 10 gram in the national capital on Thursday in line with weak global cues, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 46,786 per 10 gram. Silver also tumbled Rs 699 to Rs 60,024 [...]
Herbalife Nutrition is the Official Nutrition Partner 2021-2022 for VIVO Pro-Kabaddi Teams
MUMBAI, India, Dec. 30, 2021 /PRNewswire/ -- Herbalife Nutrition, the premier global nutrition company is the 'Official Nutrition Partner' for seven leading teams in the 2021-22 Season 8 of VIVO Pro-Kabaddi. This partnership is a testament to Herbalife Nutrition's expertise in science-based nutrition as well as its capability to use deep knowledge, innovation and it's [...]
Consumers opt for advanced tech items in 2021; large-screen TVs, soundbars most sought-after: Report
As per a shopping trends report released by Croma, Large-screen TVs, big-size refrigerators, were the most sought-after products by Indian customers.One of four earphones bought was wireless, thereby reducing the use of wires equivalent to the length of Goa’s coastline!Mumbai topped the list of most gaming laptops purchased this year, while Bengaluru bought the most [...]
Top US lawmakers take a dig at Elon Musk for bragging about paying USD 11 billion in taxes
Washington, Dec 30 (PTI) Top US lawmakers, including Indian-American Congresswoman Pramila Jayapal, have criticised Elon Musk, the world's wealthiest man and Tesla Motors CEO Elon Musk for bragging about paying USD 11 billion in taxes.In a tweet on Wednesday, Texas Senator Ted Cruz said, "Got it. You don’t like @elonmusk Who else do you want [...]
Baldev Prakash takes charge as J&K Bank MD & CEO
New Delhi, Dec 30 (PTI) Jammu & Kashmir Bank on Thursday said Baldev Prakash has taken charge as the Managing Director & CEO of the bank from December 30, 2021. On Tuesday, Jammu & Kashmir Bank had said that its board of directors appointed Baldev Prakash as the MD & CEO for three years, to [...]
2022: A likely year of firsts for insurance; general insurer privatisation, LIC share sale on cards
New Delhi, Dec 30 (PTI) With the amended general insurance business legislation, the government will push for privatisation of a state-owned general insurance company as well as pursue the mega initial share sale of LIC in 2022. Moving ahead with the proposed first-of-its-kind initiatives will make the relevant announcements made in the 2021-22 Union Budget [...]
PRICES MUM BULLION OPEN
MUMBAI, DEC 30 (PTI) SILVER SPOT (IN RS PER KILO): 61096.00 STANDARD GOLD (99.5) : 47646.00 PURE GOLD (99.9) : 47838.00 -------------------- PTI MUM SVC RUJ RUJ
MONEY MARKET OPERATIONS
MUMBAI, DEC 30, (PTI) Money Market Operations as on DEC 29, 2021. (Amount in crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment (I+II+III+IV) 5,02,863.35 3.37 2.00-3.55 I. Call Money 7,694.03 3.28 2.00-3.55 II. Triparty Repo 3,95,531.90 3.36 3.20-3.50 III. Market Repo 99,637.42 3.41 3.00-3.55 IV. Repo [...]
Piyush Goyal holds review meeting on medical oxygen preparedness
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 [...]
DIRECT EXCHANGE RATES SBI
MUMBAI, DEC 30 (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 73.80 75.30 73.74 75.46 EUR/INR 83.10 85.93 83.03 86.10 GBP/INR 98.97 102.12 98.89 102.32 JPY/INR 63.73 65.92 63.68 66.05 [...]
Allow foreign currency transactions in country via RBI, demands engineers body
New Delhi, Dec 30 (PTI) A consulting engineers association on Thursday urged the government not to route foreign currency transactions within the country through the American banking system in order to cut transaction fee cost. The Consulting Engineers Association of India (CEAI) demanded that such deals involving foreign currencies such as the US dollar in [...]
Omega Seiki Mobility joins hands with IGDTUW to set up centre of excellence, R&D centre
Mumbai, Dec 30 (PTI) Electric vehicle maker Omega Seiki Mobility (OSM) has joined hands with Indira Gandhi Delhi Technical University for Women (IGDTUW) to set up a centre of excellence and an R&D (research and development) centre, the company said in a statement on Thursday. Under the alliance, OSM will work on design, simulation, testing, [...]
Tax liabilities of perfume maker Peeyush Jain yet to be determined: DGGI
New Delhi, Dec 30 (PTI) The GST office on Thursday dismissed as "purely speculative" reports which say the department is treating the Rs 197.49 crore cash recovered from perfume maker Peeyush Jain as business turnover and a fourth of it being allowed to be deposited as tax, saying voluntary submissions by the accused is under [...]
Globally Renowned Cardiothoracic Specialist and Heart & Lung Transplant Surgeon Dr Kumud Dhital Joins SPARSH Hospital
Dr Kumud Dhital will lead the Heart and Lung Transplant team at the soon-to-be launched Sparsh Multi-organ Transplant Centre Bengaluru, Karnataka, India (NewsVoir) Globally renowned Cardiothoracic specialist and Heart & Lung Transplant surgeon Dr Kumud Dhital has joined Sparsh Group of Hospitals to lead the Heart and Lung Transplant Unit at the soon-to-be launched Sparsh [...]
Edible oil prices falling consistently; better mustard seed crop to soften rates: Food Secy
New Delhi, Dec 30 (PTI) Amid high global prices, edible oil prices in India are consistently coming down after the government intervention, and further drop is expected with the arrival of a better mustard crop from the rabi season, Food Secretary Sudhanshu Pandey said on Thursday. In case of other essential food commodities, he said [...]
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 [...]
Aluminium futures rise marginally on positive cues
New Delhi, Dec 30 (PTI) Aluminium prices on Thursday rose by 0.04 per cent to Rs 225.90 per kg in futures trade as speculators built up fresh positions amid a positive trend in the spot market.On the Multi Commodity Exchange, aluminium contracts for January delivery gained 10 paise, or 0.1 per cent, to Rs 225.90 [...]
Copper futures decline on tepid spot demand
New Delhi, Dec 30 (PTI) Copper prices on Thursday fell 0.18 per cent to Rs 744.80 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 Rs 1.35, or 0.18 per cent, [...]
Zinc futures edge higher on robust demand
New Delhi, Dec 30 (PTI) Zinc prices on Thursday rose by 30 paise to Rs 286.45 per kg in futures trade, tracking a firm trend in physical markets.On the Multi Commodity Exchange, zinc contracts for January traded higher by 30 paise, or 0.1 per cent, to Rs 286.45 per kg with a business turnover of [...]
Nickel futures down on subdued demand
New Delhi, Dec 30 (PTI) Nickel futures on Thursday declined Rs 5.70 to Rs 1,556.30 per kg due to reducing of positions by investors amid sluggish demand in the spot market. On the Multi Commodity Exchange, nickel contracts for the January delivery fell Rs 5.70, or 0.36 per cent, to Rs 1,556.30 per kg with [...]
Crude oil futures dip on weak spot demand
New Delhi, Dec 30 (PTI) Crude oil prices on Thursday fell by Rs 10 to Rs 5,693 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for the January delivery dropped by Rs 10, or 0.18 per cent, to Rs 5,693 per barrel with a business volume of 8,723 lots. [...]
Silver futures drop on subdued demand
New Delhi, Dec 30 (PTI) Silver futures on Thursday eased by Rs 438 to Rs 61,400 per kg as participants reduced their bets on low demand.On the Multi Commodity Exchange, silver contracts for March delivery declined by Rs 438, or 0.71 per cent, to Rs 61,400 per kg in a business turnover of 12,824 lots.The [...]
Gold futures fall on low demand
New Delhi, Dec 30 (PTI) Gold prices on Thursday fell by Rs 152 to Rs 47,687 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 152, or 0.32 per cent, to Rs 47,687 per 10 grams [...]
RBL Bank gets RBI nod to appoint Rajeev Ahuja as interim MD, CEO
Shares of RBL Bank fell by 9.98% today and closed at 130.90(- ₹13.40, -9.29%)Rajeev Ahuja was appointed as the interim MD, CEO to take care of the day to day operations of the bank.The RBI clarified that the bank is well capitalised and there are no concerns over its business performance or practices. After the [...]
Delhi govt supports traders’ protest against GST hike: Sisodia
New Delhi, Dec 30(PTI) Delhi government supports protest of traders against increase in goods and services tax on textile, and will raise the issue in GST council meeting, Deputy Chief Minister Manish Sisodia said on Thursday.Several markets dealing with garment business remained shut in national capital on Thursday to oppose the central government's move to [...]
Satish N S to lead Haier India in 2022, as Eric Braganza set to retire
New Delhi, Dec 30 (PTI) Consumer durable maker Haier Appliances India on Thursday said Satish N S will take over as President of the company, as incumbent Eric Braganza is going to retire on January 1, 2022. Braganza, who served Haier for almost 12 years, will continue to serve as a consultant with the brand, [...]
Top US lawmakers take a dig at Elon Musk for bragging about paying USD 11 billion in taxes
Washington, Dec 30 (PTI) Top US lawmakers, including Indian-American Congresswoman Pramila Jayapal, have criticised Elon Musk, the world's wealthiest man and Tesla Motors CEO Elon Musk for bragging about paying USD 11 billion in taxes.In a tweet on Wednesday, Texas Senator Ted Cruz said, "Got it. You don’t like @elonmusk Who else do you want [...]
Gensol Engineering bags order worth Rs 22.50 cr in Dec
New Delhi, Dec 30 (PTI) Solar energy solution provider Gensol Engineering has bagged orders to develop 10.7MWp grid-connected ground-mounted and rooftop solar power generating systems worth Rs 22.50 crore in December."Gensol Engineering Limited Secures Purchase Orders to develop Grid-Connected Ground-mount and Rooftop Solar Power Generation Systems cumulating to 10.7 MWp," a company statement said.According to [...]
Refined soya oil futures fall on low demand
New Delhi, Dec 30 (PTI) Refined soya oil prices on Thursday fell by Rs 2.1 to Rs 1,178 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 2.1, or 0.18 per cent, [...]
Guar seed futures rise on fresh bets
New Delhi, Dec 30 (PTI) Guar seed prices on Thursday rose by Rs 31 to Rs 5,947 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 31, or 0.52 per cent, [...]
Guar gum futures gain on spot demand
New Delhi, Dec 30 (PTI) Guar gum prices on Thursday gained Rs 30 to Rs 10,545 per five quintal in futures trade as speculators increased their holdings on spot demand.On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher by 0.39 per cent, or Rs 30, to Rs 10,545 per [...]
Coriander futures decline on low demand
New Delhi, Dec 30 (PTI) Coriander prices on Thursday fell by Rs 28 to Rs 8,428 per quintal in futures trade as speculators reduced their positions amid weak demand in spot market.On the National Commodity and Derivatives Exchange, coriander contracts for January eased by Rs 28, or 0.33 per cent, to Rs 8,428 per quintal [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Dec 30 (PTI) Cottonseed oil cake prices on Thursday increased by Rs 16 to Rs 3,000 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 16, or 0.54 per cent, [...]
BGE-COMMODITIES
Bengaluru, Dec 30 (PTI) Following are Thursday'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 2000-2400: 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: Turdhal [...]
BGE-VEGETABLES’
Bengaluru, Dec 30 (PTI) Following are Thursday's Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-6000, Brinjal 800-7000, Tomato 400-6015, Bitter Gourd 2000-7000, Bottle Gourd 1500-3300, Ash Gourd 1200-1600, Green Chilly 350-8695, Banana green 1000-3000, Beans 350-7000, Green Ginger 750-6000, Carrot 2500-8500, Cabbage 300-5000, Ladies Finger 350-8000, Snake gourd 1400-4000, [...]
CARS24 ties up with Bajaj Finance
Mumbai, Dec 30 (PTI) Online used car platform CARS24 on Thursday announced its partnership with Bajaj Finance for financing of pre-owned cars for customers. CARS24 Financial Services Pvt Ltd, a wholly-owned subsidiary of CARS24 Services, offers car financing to used car buyers.This partnership will lead to increased penetration in the used cars industry and enable consumers [...]
NTPC arm NREL to float global tender to set up 3GW RE project worth Rs 15K cr by Feb
New Delhi, Dec 30 (PTI) State-owned power giant NTPC arm NTPC Renewable Energy Ltd (NREL) will float a global engineering procurement and construction tender to set up a 3GW renewable energy project with a battery storage system worth around Rs 15,000 crore by February 2022, according to a senior official."The NREL has decided to float [...]
Robust tax mop-up, under-spending by ministries set to help govt bring fiscal deficit down to 6.6%: Report
Mumbai, Dec 30 (PTI) Despite an additional expenditure of Rs 3.73 lakh crore announced earlier this month, the government is set to undershoot the fiscal deficit target by 20 bps at 6.6 per cent on the back of overall robust revenue collections and under-spending by many ministries, according to a report.Rising revenue will take care [...]
Granules India gets USFDA nod for its generic Amphetamine mixed salts
New Delhi, Dec 30 (PTI) Granules India Ltd on Thursday said it has received approval from the US health regulator for its generic Amphetamine mixed salts indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and narcolepsy. The approval granted by the US Food and Drug Administration (USFDA) to Granules Pharmaceuticals, Inc (GPI), a [...]
Stock market: Omicron, Budget, polls, global trends to dot 2022 horizon
Pandemic shocks, state polls, global trends and a raft of sentiment drivers are expected to steer the Indian Stock market in 2022.A strong momentum on the IPO front is likely to continue. Analysts noted that oil prices, bond yields, foreign institutional investors’ investment patterns and US dollar index movements would also impact markets. After a historic [...]
KOLKATA BULLION OPENING
Kolkata, Dec.30(PTI): SILVER RDY.(BAR) : Rs.62,450.00 Per Kg. SILVER RDY.(PORTION) : Rs.62,550.00 Per Kg. GOLD (24-CARAT) RDY. : Rs.48,700.00 Per 10 Gms. GOLD (22-CARAT) RDY. : Rs.46,200.00 Per 10 Gms. HALLMARKED GOLD (22-CT) RDY. : Rs.46,900.00 Per 10 Gms. ---- PTI SAM
ITC partners with Invest India to crowdsource innovative ideas for single-use plastic substitution
New Delhi, Dec 30 (PTI) Diversified entity ITC Ltd on Thursday said it has collaborated with Invest India, a non-profit venture by the central government for national investment promotion and facilitation, to crowdsource innovative ideas for single-use plastic substitution and automate waste segregation. Under the collaboration, ITC Paperboards and Specialty Papers Division (PSPD) has launched [...]
Dr Rajkumar Eye Bank of Narayana Nethralaya Launches an Exclusive number to Pledge Eyes
BENGALURU, India, Dec. 30, 2021 /PRNewswire/ -- Through its Dr Rajkumar Eye Bank, Narayana Nethralaya has been able to create awareness about the importance of eye donation since 1994. Now it has launched an exclusive number – 8884018800 – through which those who wish to pledge their eyes as a donation can register their names. [...]
Road Safety World Series T20 Season 2 will be held from Feb 5th 2022 in India and UAE
Road Safety World Series T20 Season 2 is Back with a Massive Bang Mumbai, Maharashtra, India (NewsVoir) The Road Safety World Series T20 (RSWS) season 2 is all set to embark from 5th February 2022 till 19th March in India and in UAE, it is scheduled from 1st March 2022 in UAE, incorporating the grand [...]
Driving into 2022, road sector set for ‘better’ days with more highway stretches, new projs
New Delhi, Dec 30 (PTI) 'All weather terrain' might well be a befitting description for the country's road sector. Weathering the pandemic-induced twists and turns, the sector will see more stretches of national highways, completion as well as awarding of multiple projects and fund raises in 2022, making it a "better" year than the passing [...]
Passion Gaming Celebrates 6 Years of Passion and Progress
PANCHKULA, India, Dec. 30, 2021 /PRNewswire/ -- What began as an idea in December 2015 is now the driving force behind India's leading real money mobile game. Bobby and Priya, co-founders, had a vision of changing the real money gaming industry by providing players with a safe and secure platform. As a result, Rummy Passion [...]
2022: A likely year of firsts for insurance space; general insurer privatisation, LIC share sale on cards
The government will push for the privatisation of state-owned GIC and LIC in 2022 post the amendment. LIC’s listing might be delayed beyond March 2022. Once listed, it might become one of the biggest domestic companies by market capitalization.Insurance penetration in the country increased from 3.76 per cent in 2019-20 to 4.20 per cent in 2020-21, [...]
Hyderabad-based startup VivaLyf Innovations sparks Healthcare with India’s first Non-Invasive Glucometer, EzLyf
HYDERABAD, India, Dec. 30, 2021 /PRNewswire/ -- Duvvuru Varshitha and Vimal Kumar, founders of VivaLyf Innovations, an incubated startup at the University of Hyderabad, see an opportunity in the current healthcare industry's unprecedented rate of change. Her struggle as a diabetic since infancy, combined with his desire to better people's lives through technology, has resulted [...]
Rupee gains 15 paise to 74.56 against US dollar in early trade
Mumbai, Dec 30 (PTI) The rupee appreciated by 15 paise to 74.56 against the US dollar in opening trade on Thursday, tracking gains in domestic equity markets.At the interbank foreign exchange, the rupee opened strong at 74.56 against the American dollar, registering a rise of 15 paise from the last close.The rupee on Wednesday settled [...]
Why COVID-19 means the era of ever cheaper air travel could be over
Sydney, Dec 30 (The Conversation) After its worst two years since the second world war, 2022 is looking brighter for the global airline industry. For passengers, though, the chance to travel at low cost again may prove short-lived.In 2020 international passenger demand was less than 25% that of 2019, according to the International Air Transport [...]
Govt extends FY21 GST annual return filing deadline till Feb 28
New Delhi, Dec 30 (PTI) The government has extended by two months till February 28 the deadline for businesses to file GST annual returns for 2020-21 fiscal ended March 2021. "The due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has been extended [...]
Sensex, Nifty start on choppy note; finance stocks decline
Mumbai, Dec 30 (PTI) Equity benchmarks Sensex and Nifty opened on a choppy note on Thursday, tracking weakness in index heavyweights Reliance Industries, SBI and ICICI Bank amid a mixed trend in global markets. The 30-share Sensex was trading 13.25 points or 0.02 per cent lower at 57,793.24. Similarly, the Nifty slipped 8.45 points or [...]
Leaving the Audiences Laughing Their Hearts out, Krishna Pandey Wins the 3rd Edition of Taiwan Excellence’s Digital Comedy Hunt TechLOLogy Superstars Taking Home the Mega Prize of INR 2 Lakh
With the final five participants, the winner was chosen by the audiences after receiving the highest number of votes Mumbai, Maharashtra, India – Business Wire India The wait to see India’s TechLOLogy Superstar of TechLOLogy Superstars S3 is finally over as they have successfully concluded the event on November 25th, 2021, in Mumbai. Having left [...]
Business schedule for Thursday, Dec 30
DELHI: * No major events listed MUMBAI: * No major events listed. PTI DRR DRR
Dassault partners with IIT (ISM) Dhanbad
Kolkata, Dec 29 (PTI) French software giant Dassault Systèmes has partnered with the 'TEXMiN (Technology Innovation in Exploration & Mining) Foundation' the technology innovation hub of IIT (ISM) Dhanbad to set up a world class Centre of Excellence in India which will provide radical technology support and prepare workforce of the future, specific to the [...]
Mills shutting down in Bengal over low ceiling price of raw jute
Kolkata, Dec 29 (PTI) Several jute mills in West Bengal have begun suspending operations after failing to procure raw jute, the price of which has been capped at Rs 6,500 per quintal by the central government, industry sources said.At least 10 mills have closed down, impacting 15,000-20,000 workers, and more closures are due in the [...]
Retail-led credit model facing headwinds as home loan delinquencies rise: RBI
Mumbai, Dec 29 (PTI) The Reserve Bank has flagged concerns on the deteriorating credit quality in the retail books of lenders and warned that the retail-led model of selling credit, led by housing loans, is confronting headwinds now.Between April and the first week of December, credit disbursal grew to 7.1 per cent as against 5.4 [...]
Business briefs
*SecureNow raises Rs 45 crore New Delhi, Dec 29 (PTI) Insurance broker SecureNow has raised nearly Rs 45 crore (USD 6 million) from Apis Insurtech Fund I and founder of SelectQuote Inc Charan Singh.SecureNow, an insurtech platform focussed on small businesses with as many as 25,000 units onboard, said it is on track to profitability [...]
Income tax returns filing for FY21 crosses 5 cr: I-T dept
New Delhi, Dec 29 (PTI) Over five crore income tax returns (ITR) for the financial year ended March 2021 have been filed so far, the I-T department said on Wednesday. "More than five crore income tax returns for AY 2021-22 filed till 5:45 pm today!" the income tax department tweeted. The department has already extended [...]
RBI expresses doubts over govt meeting fiscal deficit targets
Mumbai, Dec 29 (PTI) The Reserve Bank on Wednesday expressed doubts about the government's ability to contain fiscal deficit at the budgeted 6.8 per cent this fiscal year after it moved the second supplementary demand of grants worth Rs 3.73 lakh crore which came in spite of a massive 83 per cent jump in net [...]
Income tax returns filing for FY21 crosses 5 cr: I-T dept
New Delhi, Dec 29 (PTI) Over five crore income tax returns (ITR) for the financial year ended March 2021 have been filed so far, the I-T department said on Wednesday. "More than five crore income tax returns for AY 2021-22 filed till 5:45 pm today!" the income tax department tweeted. The department has already extended [...]
LIC inaugurates Digi Zone to sell policies online
New Delhi, Dec 29 (PTI) Life Insurance Corporation (LIC) of India has inaugurated 'Digi Zone' as part of its effort to enhance its digital footprint."With an intention to become a tech-driven life insurer, LIC will offer information regarding its products and services through kiosks installed in the premises,” the insurer said in a statement on [...]
Exporters across sectors are flushed with orders for next fiscal: FIEO
New Delhi, Dec 29 (PTI) The country's exports are expected to register healthy growth rate in the financial year 2022-23 and might touch USD 530 billion as exporters are "flushed" with orders, the Federation of Indian Export Organisations (FIEO) said on Wednesday. It added that additional exports will come from some of the PLI (production-linked [...]
Business highlights
New Delhi, Dec 29 (PTI) Following are the top business stories at 2020 hours: DEL52 BIZ 2NDLD FOXCONN Apple puts Foxconn's TN facility on probation after mass food-poisoning New Delhi: Apple has put Sriperumbudur factory of iPhone assembler Foxconn on 'probation' following worker protests and an assessment that revealed substandard living conditions, saying it will [...]
Project development cells in 29 depts to fast track investment, says ministry
New Delhi, Dec 29 (PTI) The Commerce and Industry Ministry on Wednesday said Project Development Cells (PDCs) have been set up in 29 departments to fast track investment in coordination between the central and state governments. The cells enhance the pipeline of investible projects in India and in turn increase domestic investment and foreign direct [...]
RBI warns of bad loan spike, pencils NPAs at 8.1-9.5% by Sep
Mumbai, Dec 29 (PTI) Gross bad loans of banks may rise from 6.9 per cent in September 2021 to 8.1-9.5 per cent by September 2022 if the Omicron variant strikes the economy hard, as per the financial stability report of the Reserve Bank released on Wednesday.The report also said that the rising stress level in [...]
ICRA upgrades telecom services industry outlook to ‘stable’ amid tariff hike, relief measures
New Delhi, Dec 29 (PTI) The telecom tariff hike along with the recent relief package offers sufficient headroom for the industry to undertake deleveraging as well as fund capex for 5G tech upgrade, ICRA said on Wednesday revising outlook on telecom services sector to 'stable' from 'negative'. The hike coupled with consistent upgradation of subscribers [...]
Business briefs
*SecureNow raises Rs 45 crore New Delhi, Dec 29 (PTI) Insurance broker SecureNow has raised nearly Rs 45 crore (USD 6 million) from Apis Insurtech Fund I and founder of SelectQuote Inc Charan Singh.SecureNow, an insurtech platform focussed on small businesses with as many as 25,000 units onboard, said it is on track to profitability [...]
PVR shares slide on COVID curbs in national capital
New Delhi, Dec 29 (PTI) Shares of multiplex chain operator PVR declined up to 2 per cent on Wednesday following an order to close cinemas in the national capital amid rising number of COVID cases.PVR dipped 1.98 per cent to settle at Rs 1,260.55 on BSE. During the day, it declined 3.49 per cent to [...]
BRICS Bank to admit Egypt as new member
Beijing, Dec 29 (PTI) The BRICS New Development Bank (NDB) on Wednesday announced that it will add Egypt as its new member.Egypt is the fourth new member admitted into NDB, after Bangladesh, the United Arab Emirates (UAE) and Uruguay, further expanding the bank's global outreach."We are delighted to welcome Egypt into NDB's family. We look [...]
NSEIL settles case with Sebi; pays Rs 4.87 cr as settlement fee
New Delhi, Dec 29 (PTI) The National Stock Exchange of India Ltd (NSEIL) on Wednesday settled with markets regulator Sebi a case pertaining to alleged violation of Straight Through Processing (STP) services guidelines after paying Rs 4.87 crore towards settlement fee. It was alleged that NSEIL functioned as a STP centralised hub without obtaining the [...]
Atal Innovation Mission releases compendium of innovations in agriculture, technology
New Delhi, Dec 29 (PTI) Niti Aayog's Atal Innovation Mission on Wednesday released a compendium of innovations focused on agriculture featuring 70 startups and a collection of 41 innovations in technology.According to an official statement, both books are a celebration of the success stories of young innovators of India."The 'Innovations for You'- a compendium of [...]
Niti Aayog to hold national-level workshop on bamboo development on Thursday
New Delhi, Dec 29 (PTI) Government think-tank Niti Aayog will hold a day-long national-level workshop on bamboo development on Thursday, according to an official statement. The statement said Niti Aayog Vice-Chairman Rajiv Kumar, Minister of State (Independent Charge) of the Ministry of Science and Technology and Earth Sciences Jitendra Kumar and Niti Aayog member V [...]
Construction of ship repair facility in Guwahati to start from May 2022: Sonowal
New Delhi, Dec 29 (PTI) Union Ports, Shipping and Waterways Minister Sarbananda Sonowal on Wednesday said the construction of Pandu ship repair facility in Guwahati will start from May 2022, and added that the government aims to complete the project by 2024. The ports, shipping and waterways ministry in a statement said Sonowal met the [...]
BULLION-CLOSING
Bengaluru, Dec 29 (PTI) Closing bullion rates on Wednesday Standard gold: (99.5 purity) Rs 49,350 per 10 gram Ornament gold: Rs 4,602 per gram Silverspot: (.999 fineness) Rs 63,300 per kg. PTI DVR APR APR
BGE-COMML-COMMODITIES
Bengaluru, Dec 29 (PTI) Following are today'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 2200-2400: Medium 1600-2000: Onion Big 2000-3000: Medium 1500-2000: Small 500-1500: Tamarind 9000-11000: Garlic 3000-7000: Horsegram 4000-4600: Wheat 2500-3500 Turmeric 9500-15000: Turdhal [...]
Apple puts Foxconn’s TN facility on probation after mass food-poisoning
New Delhi, Dec 29 (PTI) Apple has put Sriperumbudur factory of iPhone assembler Foxconn on 'probation' following worker protests and an assessment that revealed substandard living conditions, saying it will ensure strict standards are met before the unit reopens. The factory located on the outskirts of Chennai was shut down after workers protested against the [...]
ARECA-COCONUT PRICES
Mangaluru, Dec 29 (PTI) Following are today's Areca and Coconut prices. Areca (per quintal): Old supari: Rs 49,000 to Rs 53,000 model Rs 51,500. New supari: Rs 38,000 to Rs 45,000 model rs 43,000. Koka: Rs 35,000 to Rs 40,000 model Rs 37,500 Coconut (per thousand): 1st qlty: Rs 20,000 to Rs 27,000 model Rs [...]
2.42 pc of 4,461 different edible oils samples found to be substandard: FSSAI
New Delhi, Dec 29 (PTI) About 2.42 per cent of the 4,461 samples of different edible oils from 587 districts and four metros are found to be non-compliant with safety parameters, food safety regulator FSSAI said on Wednesday. Releasing the findings of a nationwide survey conducted during August 25-27, 2020, the Food Safety and Standards [...]
German firm ZF acquires additional stake in Rane TRW Steering to become majority stakeholder
Mumbai, Dec 29 (PTI) German company ZF said on Wednesday said it has acquired an additional one per cent stake in its JV with Rane Group -- Rane TRW Steering Systems -- to become a majority stakeholder in the company.Till now, both partners held equal shares in the company, and after buying out an additional [...]
Intermediaries can maintain current accounts in appropriate number of banks: Irdai
Mumbai, Dec 29 (PTI) Regulator Irdai on Wednesday said insurance intermediaries, including entities sponsored by them, can maintain current accounts in appropriate number of banks for the purpose of meeting regulatory requirements and reinsurance business. In August 2020, the Reserve Bank of India (RBI) had instructed banks not to open current accounts for customers who [...]
Sebi specifies fine, action to be taken in case of non-compliance by non-convertible securities issuers
New Delhi, Dec 29 (PTI) Markets regulator Sebi on Wednesday came out with guidelines for levying fines and taking action for non-compliance with continuous disclosure requirements by the issuers of listed non-convertible securities and commercial papers.The circular will come into force for the due dates of compliances falling on or after February 01, 2022.The fines [...]
DS Nanaware takes charge as Director of Pipelines at IOC
New Delhi, Dec 29 (PTI) DS Nanaware has taken charge as Director (Pipelines) of India's largest oil company, IOC, the firm said on Wednesday. Nanaware is a mechanical engineering graduate from Walchand College of Engineering, Sangli in Maharashtra. He has a varied experience of over 36 years.He is also the Chairman of IHB Ltd -- [...]
RBI flags Omicron threat to growth; says banks strong enough to face challenges
Mumbai, Dec 29 (PTI) Though the economy has steadily gained momentum and remained resilient since the second quarter of the current fiscal, the Omicron variant of coronavirus remains the major challenge along with rising inflation pressures, says the Reserve Bank in its second financial stability report. In the foreword to the report released on Wednesday, [...]
Train carrying kinnows from Sriganganagar district to leave for Bangladesh on Thursday evening
Jaipur, Dec 29 (PTI) Kinnows from the world-famous orchards of Rajasthan's Sriganganagar district will now be sold to Bangladesh through special train, and the first goods train laden with the kinnows here will leave on Thursday evening. Ganganagar Railways Station Superintendent Dinesh Tyagi said a special train of 15 bogies carrying kinnows from Sriganganagar will [...]
NEWSALERT
Banks' gross NPAs may jump to 8.1-9.5% by Sept 2022 from 6.9% in Sept 2021, says RBI. PTI BEN MR MR
NEWSALERT
Inflation remains a concern; needs stronger supply side measures to contain food and energy prices, says RBI. PTI BEN MR MR
NEWSALERT
RBI says stronger recovery hinges on revival of private investment and private consumption; both are below pre-pandemic levels. PTI BEN MR MR
NEWSALERT
Financial institutions resilient and stable with strong balance-sheets, capital and liquidity buffers, says RBI. PTI BEN MR MR
NRIs, OCIs do not need its prior nod to buy immovable property in India except in select cases: RBI
Mumbai, Dec 29 (RBI) Reserve Bank on Wednesday said that NRIs and OCIs do not require its prior approval for acquisition and transfer of immovable property in India, other than agricultural land, farm house and plantation property. The clarification has been issued by Reserve Bank of India (RBI) following queries received at its various offices [...]
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