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Pharma stock jumps 11% after it receives USFDA approval for its new drug
In Monday’s session, the share of one of the leaders in branded generics in India moved up by 11.5 percent on BSE to hit an intraday high at Rs. 1,227.35, after the company received final approval from the USFDA for Betamethasone Valerate Foam. With a market cap of Rs. 21,935.5 crores, at 11:18 a.m., the [...]
Diamond stock hits upper circuit after partnership with Parasamani Inc. for expansion in Canada
The shares of this company engaged in manufacturing and trading Diamonds hit a 2 percent upper circuit limit of Rs.114.88 per share after entering into a strategic alliance with Parasamani Inc. to enter the Canadian diamond market. Price Movement In Monday's trading session, the share price of Mini Diamonds India Limited reached an upper price [...]
Mukul Agrawal stock hits 5% upper circuit after acquisition of titanium mill for defence and aerospace
The shares of this midcap company locked a 5 percent upper circuit after announcing the acquisition of a Hot Rolling Mill for manufacturing Plates and Sheets in Titanium Alloys for Aerospace and Defence applications. Price Movement: With a market capitalization of Rs. 20,046 crores, the shares of PTC Industries Ltd started Monday’s trading session on [...]
Cable stock jumps 9% after securing orders worth ₹ 1,025 Cr from Middle East and USA
In Monday's session, the share price of a global infrastructure EPC major moved up by 9.2 percent on BSE to hit an intraday high at Rs. 916.95, after the company secured orders worth Rs. 1,079 crores in T&D and Cables businesses. With a market cap of Rs. 22,312.7 crores, at 10:42 a.m., the shares of [...]
Maharatna PSU stock jumps 3% after receiving orders worth ₹ 11,000 Cr from Adani Power
Maharatna PSU engaged in the design, engineering, construction, testing, commissioning, and servicing of a wide range of products and services jumped upto 3 percent in the day’s trade upon receiving work orders worth Rs. 11,000 Crores from the Adani Group. Price Action With a market capitalization of Rs. 1,03,783 Crores, the shares of Bharat Heavy [...]
Stock hits 20% upper circuit after Damani bought 8 Lakh shares in the company
The shares of this small-cap company hit 20 percent upper circuit of Rs 153.90 apiece after an ace investor Ramesh Shrichand Damani bought 8,00,000 equity shares in the company. NIIT Ltd has a market capitalization of Rs 2,082.67 crore, the shares were trading at Rs 153.90 per share, increasing around 20 percent as compared to [...]
Penny stocks under ₹ 30 with ROE of more than 20% to add to your watchlist
Return on Equity (ROE) is a key financial metric that evaluates how effectively a company is generating returns on the investment on the investment received from its shareholders. A high ROE suggests that a company is effectively utilising its equity base to generate profits, while a low ROE may indicate inefficiencies or poor financial management. [...]
Ashish Kacholia stocks with PEG ratio less than 1 to keep an eye on
Ashish Kacholia is a prominent Indian investor known for his strategic stock picks in the mid-cap and small-cap segments. Often called the "Big Whale" of the Indian stock market, he manages a portfolio valued at over Rs 2,000 crore, spread across diverse sectors. Here are the stocks held by Ashish Kacholia with a peg ratio [...]
Tata Motors and 4 other auto stocks that are benefitting from the PLI scheme
The government has greenlit 50 out of 74 applications from automakers for its productivity-linked incentive (PLI) scheme designed to boost electric vehicle (EV) manufacturing. The remaining 24 applications are still under review. These approvals, granted on Wednesday, are expected to help companies mitigate the financial losses they are experiencing due to the currently low volumes [...]
Market leader stocks with 3 year net profit CAGR of 46% to keep on your radar
A market leader is a company that holds the largest market share in its industry, setting benchmarks in innovation, quality, and customer satisfaction. Recognized for its dominance, a market leader often influences industry trends, pricing, and standards, while consistently outperforming competitors through strategic vision, robust operations, and strong brand equity. Here are the Market leader [...]
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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
Working towards passion to purpose, the MJSPR way of creating political brands and leaders
BENGALURU, India, Dec. 28, 2021 /PRNewswire/ -- This is a competitive world where every field is evolving on a daily basis. Severe competition to excel has become the new norm. Indian politics is also one such field where there is constant pressure on politicians to make a mark and march ahead. In this journey of [...]
PRICES MUM GENERAL
MUMBAI, DEC 28 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 62105.00 STANDARD GOLD (99.5) : 48062.00 PURE GOLD (99.9) : 48255.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 61,850.00 RS. PER KG.SILVER RDY.(PORTION) : 61,950.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48,850.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46,350.00 RS. [...]
IT Minister tweets ‘Intel-welcome to India’ after senior Co exec lauds semiconductor incentives
New Delhi, Dec 28 (PTI) IT Minister Ashwini Vaishnaw on Tuesday took to Twitter to "welcome" Intel to India following a post by Intel Foundry Services president Randhir Thakur lauding the semiconductor design and manufacturing incentives announced by the government recently. Earlier this month, the government had approved a Rs 76,000-crore scheme to boost semiconductor [...]
KOLKATA BULLION OPENING
Kolkata, Dec.28(PTI): SILVER RDY. (BAR) : Rs.61,850.00 Per Kg.SILVER RDY. (PORTION) : Rs.61,950.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,850.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,350.00 Per 10 Gms.HALLMARKED GOLD(22-CT) RDY. : Rs.47,050.00 Per 10 Gms. ---- PTI SAM
MONEY-MARKET-OPERATIONS
MUMBAI Dec 28, 2021 (PTI)Money Market Operations as on December 27, 2021 (Amount in ? crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,05,907.28 3.52 2.00-3.98 I. Call Money 6,892.97 3.27 2.00-3.95 II. Triparty Repo 3,91,310.90 3.52 3.40-3.98 III. Market Repo 1,07,703.41 3.55 3.00-3.85 IV. [...]
Ajanta Pharma board approves up to Rs 286-crore share buyback plan
New Delhi, Dec 28 (PTI) Drug firm Ajanta Pharma on Tuesday said its board has approved a share buyback plan of up to Rs 286-crore, wherein the drug maker will buy back shares at a maximum price of Rs 2,550 apiece. The company's board has approved buyback of up to 11,20,000 fully paid-up shares of [...]
Apex Points of Marketing in 2021 as Explained by Pravin Chandan
New Delhi, Delhi, India – Business Wire India Looking back and analyzing is the best way to ensure future success and the same goes with marketing. 2021 was a year when companies put their best marketing ideas to use to cope with the loss that the year 2020 brought and therefore, can give brands good [...]
Ravi Jadhwani’s edobo Makes a Strong Statement at the Golden Glory Awards 2021 Presented by Brands Impact
Mumbai, Maharashtra, India (NewsVoir) When it comes to standing out of the crowd through sheer quality of service delivery, there are very few businesses like edobo in the current landscape, and the venture has proved this by its stellar performance at the Golden Glory Awards 2021 presented by Brands Impact. The exciting new start-up that [...]
Chandigarh University comes to rescue of Indian Farmers; Develops AI based Mobile App to detect crop disease
DST Scientist launches crop disease detection mobile application at Chandigarh University CHANDIGARH, India, Dec. 28, 2021 /PRNewswire/ -- Amongst the many problems faced by Indian farmers, the problem of diseases in crops has caused major loss to the farming community. According to an estimate, Indian farmers incur an annual loss of Rs. 90,000 crores due [...]
Granules India gets USFDA nod for generic Prazosin Hydrochloride capsules
New Delhi, Dec 28 (PTI) Pharmaceuticals firm Granules India Ltd on Tuesday said it has received approval from the US health regulator for its generic Prazosin Hydrochloride capsules used for the treatment of high blood pressure. The US Food & Drug Administration (USFDA) granted approval to the abbreviated new drug application (ANDA) filed by Granules [...]
ITC commissions first offsite solar plant in Tamil Nadu
New Delhi, Dec 28 (PTI) Diversified business entity ITC on Tuesday said it has commissioned its first offsite solar plant at Dindigul in Tamil Nadu, set up at an investment of Rs 76 crore. The 14.9 MW solar plant will help reduce CO2 emissions over the course of its lifetime and has already helped ITC [...]
Supriya Lifescience shares list at over 55 % premium
New Delhi, Dec 28 (PTI) Shares of Supriya Lifescience Ltd on Tuesday listed at a premium of over 55 per cent against its issue price of Rs 274. The stock listed at Rs 425, reflecting a jump of 55.10 per cent against the issue price on the BSE. On the NSE, it made its debut [...]
Rupee gains 12 paise to 74.88 against US dollar in early trade
Mumbai, Dec 28 (PTI) The rupee appreciated 12 paise to 74.88 against the US dollar in opening trade on Tuesday, tracking gains in domestic equity markets. At the interbank foreign exchange, the rupee opened strong at 74.95 against the American dollar, then inched higher to 74.88, registering a rise of 12 paise from the last [...]
NoFall Introduces New Hair Loss Treatment to Treat Male & Female Pattern Baldness
NEW DELHI, Dec. 28, 2021 /PRNewswire/ -- NoFall has introduced a new hair loss treatment for young men and women suffering from hair loss. A triple-action formulation with minoxidil, tea tree oil, and diclofenac, it comes in the form of a topical solution that can be applied directly on the balding areas of the scalp. [...]
Sensex surges over 300 pts; Nifty tops 17,150 level
Mumbai, Dec 28 (PTI) Equity benchmark Sensex jumped over 300 points in early trade on Tuesday, tracking gains in index heavyweights Infosys, Reliance Industries and HDFC Bank amid a largely positive trend in global markets. The 30-share index surged 320.31 points or 0.56 per cent to 57,740.55 in the opening trade. Similarly, the Nifty rose [...]
Bharti Airtel, TCS partner for 5G-based remote robotic operations
Bharti Airtel and TCS have joined hands to build a 5G-based remote working technology using robotics, according to sources.These solutions will enable remote robotic operations in potentially hazardous environments like mining, oil & gas fields etc.The government has extended the 5G trial period till May 2022. According to sources, Telecom operator Bharti Airtel and IT [...]
Business schedule for Tuesday, Dec 28
DELHI: * PFRDA Chairman at Assocham webinar on National Pension System (1500 hrs) * MoS for Skill Development and Entrepreneurship Rajeev Chandrasekhar at an event (1600 hrs) MUMBAI: * Sebi Chairman Ajay Tyagi’s presser (1600 hrs). PTI ANS ANS
Training course ‘Business Communication Trends’ gathered together participants from more than 15 countries
MOSCOW, Dec. 27, 2021 /PRNewswire/ -- Participants from more than 15 countries of the CIS, BRICS, ASEAN and Europe joined the training course "Business Communication Trends," which took place on 15 - 18 December 2021. During four-day course, students, young professionals and aspiring entrepreneurs, who use Russian in education and business communication received 20 hours [...]
Canon India collaborates with the CII Foundation in furthering the COVID-19 vaccination drive for the underprivileged in India
Targets the lower income groups and underserved communities across multiple locations in three states i.e. Uttar Pradesh, West Bengal and Maharashtra NEW DELHI, Dec. 27, 2021 /PRNewswire/ -- Canon India, one of the leaders in the imaging space, has announced a community welfare initiative in collaboration with the CII Foundation to help support their COVID-19 [...]
Meghmani Organics Ltd. (MOL) acquires Kilburn Chemicals
Acquisition to fast-track MOL's foray into Titanium Dioxide (TiO2) AHMEDABAD, India, Dec. 27, 2021 /PRNewswire/ -- Meghmani Organics Limited (MOL) today announced that it has completed an acquisition of Kilburn Chemicals Limited (KCL). MOL paid INR 132 Crores (including INR 12.15 Crores towards equity subscription) as per the National Company Law Tribunal (NCLT) approved resolution [...]
Huobi Global Launches USDT-Margined Futures, Expanding Suite of Crypto Derivatives Products
LONDON, Dec. 27, 2021 /PRNewswire/ -- Huobi Global, one of the world's leading digital asset exchanges, today announced the launch of USDT-margined futures, a derivatives product that uses USDT as the margin and to calculate profit. This launch comes as Huobi Futures, a digital asset derivatives trading platform under Huobi Group, celebrates its third founding [...]
Singapore-based BOC Aviation delivers last 8 Airbus A320Neo aircraft to IndiGo
Singapore, Dec 28 (PTI) Singapore-based global aircraft leasing company BOC Aviation Limited has delivered the last of eight Airbus A320NEO aircraft to IndiGo, India's largest passenger airline, under a purchase-and-leaseback agreement. The agreement between BOC Aviation Limited and InterGlobe Aviation Ltd (IndiGo) for eight new Airbus A320NEO aircraft was signed in March. The aircraft is [...]
Metros, select cities to see launch of 5G services in 2022: DoT
New Delhi, Dec 27 (PTI) Telecom operators have established 5G trial sites in Gurugram, Bangalore, Kolkata, Mumbai, Chandigarh, Delhi, Jamnagar, Ahmedabad, Chennai, Hyderabad, Lucknow, Pune and Gandhi Nagar, and these metros and big cities will be the first places for launch of 5G services in the country, in 2022, a DoT release said on Monday. [...]
Use of drones in farm sector can generate 50 lakh jobs: Gadkari
Nagpur, Dec 27 (PTI) Union minister Nitin Gadkari on Monday asserted that use of drones in the farm sector can generate about 50 lakh jobs in the vast rural segment in one year alone.Gadkari said he has discussed with his two cabinet colleagues the need to draft a policy on using the drone technology in [...]
Mahindra Holidays & Resorts to add over 300 rooms by Mar
Mumbai, Dec 27 (PTI) Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore [...]
Rs 177 cr found in perfumer Jain’s house is biggest ever seizure: Ministry
New Delhi, Dec 27 (PTI) The Finance Ministry on Monday said the recent raid on perfume trader Peeyush Jain's house in Kanpur, from where more than Rs 177 cr unaccounted cash was unearthed, was the "biggest ever seizure of cash" by an enforcement agency. The December 26 raid, which resulted in Jain's arrest, included searches [...]
Sri Lanka to shut 3 foreign missions as dollar crisis worsens
Colombo, Dec 27 (PTI) Sri Lanka announced on Monday the closure of three overseas diplomatic missions as part of a “restructuring” bid to save the country’s much-needed foreign currency reserves and minimising expenditure in the wake of grave economic challenges posed by the COVID-19 pandemic. The Sri Lanka High Commission in Abuja, Nigeria, the Consulate [...]
RBI approves re-designation of Rajiv Anand as Axis Bank Deputy MD
New Delhi, Dec 27 (PTI) The Reserve Bank of India has approved the re-designation of Rajiv Anand as the Deputy Managing Director of Axis Bank, the lender said on Monday. In October this year, the board of directors of the bank approved to re-designate Rajiv Anand as the Deputy Managing Director of the bank, subject [...]
GST officers seize Rs 177 cr unaccounted cash, finds 23 kg gold hidden at perfume trader’s UP house
New Delhi, Dec 27 (PTI) The Finance Ministry on Monday gave details of the recent searches on perfume trader Peeyush Jain's house in Kanpur from where GST officers had seized more than Rs 177 crore unaccounted cash from his house. The searches since December 22, which resulted in Jain's arrest, also included searches at the [...]
J&K govt inks 39 MoUs of nearly Rs 19,000 cr at realty summit
Jammu, Dec 27 (PTI) The Jammu and Kashmir government on Monday opened the union territory to the country's real estate investors by signing 39 MoUs worth nearly Rs 19,000 crore for the development of housing, hotel and commercial projects. Terming the signing of the MoUs at J&K's first Real Estate Summit here as "historic', Lieutenant [...]
UP tops Niti’s Health Index in terms of incremental change
New Delhi, Dec 27 (PTI) India's largest state Uttar Pradesh has emerged as the top performer in terms of incremental health performance among larger states, while Mizoram performed well in the smaller states category, according to the fourth Health Index launched by Niti Aayog.The fourth round of the Health Index took into account the period [...]
Inox Wind’s board okays raising up to Rs 90 cr via convertible warrants
New Delhi, Dec 27 (PTI) Inox Wind's board has decided to issue 10.62 lakh convertible warrants at an issue price of Rs 847 per unit to raise up to Rs 90 crore in its meeting held on Monday. "The board of directors of Inox Wind Energy Ltd at its meeting held today i.e. December 27, [...]
Hyderabad ranks 128th globally in appreciation in housing prices
New Delhi, Dec 27 (PTI) Hyderabad has been ranked 128th in a global list in terms of appreciation in housing prices, according to Knight Frank India. The Turkish city of Izmir is at the first position with the highest growth rate of 34.8 per cent, followed by Wellington in New Zealand at 33.5 per cent. [...]
Greater Noida to soon get wrestling court with two rings
Noida, Dec 27 (PTI) Tender to develop a wrestling court with two rings has been finalised with an estimated expenditure of Rs 60 lakh, the Greater Noida Industrial Development Authority (GNIDA) said on Monday. The facility would come up in Sector 37 of Greater Noida where a sports complex is also proposed, the GNIDA said. [...]
DoT-funded indigenous 5G testbed project in final stages; completion likely by Dec 31
New Delhi, Dec 27 (PTI) Indigenous 5G testbed project, funded by the telecom department, has reached the final stages and the project is likely to be completed by December 31, 2021, an official statement said on Monday. The statement further said telecom operators, including Airtel, Jio and Vodafone Idea, have established 5G trials sites in [...]
NEWSALERT
GST officers arrest perfume supplier Odochem Industries partner Peeyush Jain, further searches underway at residential/factory premises in Kannauj, says govt. PTI JD MR MR
Godfrey Phillips India appoints Sharad Aggarwal as CEO
New Delhi, Dec 27 (PTI) Cigarette maker Godfrey Phillips India on Monday announced the appointment of Sharad Aggarwal as Chief Executive Officer.Aggarwal (50), who is taking over from Bhisham Wadhera, will be reporting to Godfrey Phillips India President and Managing Director Bina Modi, the company said in a statement.Wadhera, who has been at the helm [...]
Business highlights
New Delhi, Dec 27 (PTI) Following are the top business stories at 2005 hours: DEL61 BIZ-NITI-3RDLD HEALTH RANKING Kerala best state on health parameters, Uttar Pradesh worst New Delhi: Kerala has again emerged as the top performer in terms of overall health performance among larger states, while Uttar Pradesh is the worst, according to the [...]
J&K govt inks 39 MoUs of nearly Rs 19,000 cr at realty summit
Jammu, Dec 27 (PTI) The Jammu and Kashmir government on Monday opened the union territory to the country's real estate investors by signing 39 MoUs worth nearly Rs 19,000 crore for the development of housing, hotel and commercial projects. Terming the signing of the MoUs at J&K's first Real Estate Summit here as "historic', Lieutenant [...]
Karnataka’s first ever rollout of Electric Buses for public transportation
Bengaluru, Dec 27 (PTI) Karnataka Chief Minister Basavaraj Bommai on Monday flagged off the state's first ever rollout of electric buses for public transportation. JBM Auto Ltd., will supply 90 electric buses to Bangalore Metropolitan Transport Corporation (BMTC) for its first electric bus project. "The JBM ECO-LIFE electric buses will be running under the metro [...]
Business briefs
*HDFC Life signs bancassurance deal with South Indian Bank Mumbai, Dec 27 (PTI) Private life insurer HDFC Life on Monday announced a bancassurance tie-up with South Indian Bank.This bancassurance arrangement will enable customers of the South Indian Bank to avail the insurer's wide range of life insurance products, which include solutions for protection, savings and [...]
UP tops Niti’s Health Index in terms of incremental change
New Delhi, Dec 27 (PTI) India's largest state Uttar Pradesh has emerged as the top performer in terms of incremental health performance among larger states, while Mizoram performed well in the smaller states category, according to the fourth Health Index launched by Niti Aayog.The fourth round of the Health Index took into account the period [...]
Kerala best state on health parameters, Uttar Pradesh worst
New Delhi, Dec 27 (PTI) Kerala has again emerged as the top performer in terms of overall health performance among larger states, while Uttar Pradesh is the worst, according to the fourth Health Index launched by Niti Aayog. The fourth round of the Health Index took into account the 2019-20 period. The report by the [...]
Exports rise 36 pc during Dec 1-21: Commerce Min
New Delhi, Dec 27 (PTI) The country's exports rose by 36.2 per cent to USD 23.82 billion during December 1-21 this year, according to preliminary data of the commerce ministry.Exports, excluding petroleum, have increased by 28.08 per cent during the period under review."The value of export is USD 23.82 billion, up by 36.20 per cent [...]
JSW Group to provide up to Rs 3 lakh incentive to employees to buy EVs from Jan 1
New Delhi, Dec 27 (PTI) JSW Group on Monday announced an initiative to provide up to Rs three lakh incentive to its employees to buy electric vehicles across India from January 1 next year."Aligned with India’s Nationally Determined Contributions (NDCs) and Sustainable Development Scenarios (SDS) of The International Energy Agency (IEA), Mumbai-based multi-billion-dollar conglomerate The [...]
HRAWI issues advisory to members on strictly following guidelines notified by Maha govt
Mumbai, Dec 27 (PTI) Amid the surge in Omicron cases, the Hotel and Restaurant Association of Western India (HRAWI) on Monday said it has issued an advisory to its members on strictly following guidelines notified by the Maharashtra government. The advisory requests all F&B (food and beverages) establishments to display prominently, as per their licences [...]
Reserve Bank says RBL Bank ‘well capitalised’; asks depositors, stakeholders not to react to speculations
Mumbai, Dec 27 (PTI) Amid concerns over the health of RBL Bank, RBI on Monday assured depositors and stakeholders that the private sector lender is "well capitalised" and that its financial position is satisfactory even as shares of the bank witnessed a sell off. In a raft of developments in the past few days, Reserve [...]
16 MoUs signed at pre-Vibrant Summit event; Taj Group pledges to set up hotel near Statue of Unity
Ahmedabad, Dec 27 (PTI) As many as 16 memorandums of understanding (MoUs), including one for the construction of a hotel near the world's tallest Statue of Unity at Kevadia by Taj Group, were signed on Monday in the run-up to the 10th edition of the Vibrant Gujarat Global Summit, according to an official statement released [...]
USL extends deadline for strategic review of selected popular brands by 3 months
New Delhi, Dec 27 (PTI) Diageo-controlled United Spirits Ltd (USL) has extended the timeline for completing the "strategic review" of its select popular brands, by another three months till March 31, 2022. The review of the selected popular brands, which consist of a portfolio of around 30 brands, will now be completed by March 31, [...]
J&K govt inks 39 MoUs of nearly Rs 19,000 cr at realty summit
Jammu, Dec 27 (PTI) The Jammu and Kashmir government on Monday opened the union territory to the country's real estate investors by signing 39 MoUs worth nearly Rs 19,000 crore for the development of housing, hotel and commercial projects. Terming the signing of the MoUs at J&K's first Real Estate Summit here as "historic'', Lieutenant [...]
India’s growth as textile mfg hub to rely on attractiveness of domestic market
New Delhi, Dec 27 (PTI) India's growth as a manufacturing hub for textiles will depend on the attractiveness of its domestic market and on investments in high-end textile machinery, products in emerging areas like technical textiles and man made fiber (MMF), the government said on Monday. In its year-end review of the textile sector, the [...]
Sanjay Kumar Singh appointed Steel Secretary, V Srinivas DARPG Secretary
New Delhi, Dec 27 (PTI) Senior bureaucrat Sanjay Kumar Singh has been appointed as Steel Secretary as part of a major top-level bureaucratic reshuffle effected by the Centre on Monday.Singh, a 1987 batch IAS officer of Madhya Pradesh cadre, is currently Secretary, Department of Administrative Reforms & Public Grievances (DARPG) and Department of Pensions & [...]
There are several investment opportunities between Israel & India in real estate sector, says top CBRE official
Tel Aviv, Dec 27 (PTI) There are several investment opportunities between Israel and India in the real estate sector in the new year, said a top official of the world's largest commercial real estate consulting firm CBRE. Giving a push to Indo-Israel partnership in the real estate sector, the US-based CBRE (Coldwell Banker Richard Ellis) [...]
Tata, Siemens group consortium to develop Pune metro line 3
Mumbai, Dec 27 (PTI) The Pune Metropolitan Region Development Authority has awarded the metro line 3 contract to a joint venture of a Tata Group company and a consortium of the Siemens Group. The 23.3-km elevated metro line connects the Hinjewadi Rajiv Gandhi Infotech Park with Shivajinagar via Balewadi in the second largest city in [...]
USL extends deadline for strategic review of selected popular brands by 3 months
New Delhi, Dec 27 (PTI) Diageo-controlled United Spirits Ltd (USL) has extended the timeline for completing the "strategic review" of its select popular brands, by another three months till March 31, 2021. The review of the selected popular brands, which consist of a portfolio of around 30 brands, will now be completed by March 31, [...]
HP Adhesives shares jump over 22 in debut trade
New Delhi, Dec 27 (PTI) Shares of HP Adhesives on Monday listed with a premium of over 16 per cent against the issue price of Rs 274 and settled with a gain of more than 22 per cent.The stock listed at Rs 319, a gain of 16.42 per cent from the issue price on BSE. [...]
Rupee hits nearly 4-week high of 75 against US dollar
Mumbai, Dec 27 (PTI) Rising for the eighth straight session, the rupee on Monday appreciated 3 paise to nearly four-week high of 75 against the US dollar amid a firm trend in domestic equities and rising appetite for riskier assets.However, a strong US dollar overseas and firm crude oil prices restricted the rupee’s rise.At the [...]
Waaree supplied 1.53 MW of Solar Modules to RBA Power Private Limited
MUMBAI, India, Dec. 27, 2021 /PRNewswire/ -- Waaree Energies, India's leading solar PV module manufacturer, has Supplied 335 Wp Poly solar modules for a project developed by, RBA Power Pvt. Ltd. The size of the project is 1.53 MW located at Kovilpatti, TN, India. Waaree has supplied 1.53 MW of solar modules for this project. [...]
PRICES BULLION CLOSE
MUMBAI, DEC 27 (PTI) BULLION CLOSING (INCLUSIVE OF OCTROI AND LOCAL CHARGES ) SILVER SPOT (IN RS PER KILO ) : 61416.00 STANDARD GOLD (99.5) : 47978.00 PURE GOLD (99.9) : 48171.00 (NOTE : SOURCE THE BOMBAY BULLION COMMITTEE) FOR AFP: ( INCLUSIVE OF OCTROI AND LOCAL TAXES) LONDON 2712 1730 (DATE & TIME) SILVER [...]
SLCM inks pact with Tamil Nadu Foodgrains Marketing Yard
New Delhi, Dec 27 (PTI) Sohan Lal Commodity Management (SLCM) on Monday said it has signed a pact with the Tamil Nadu Foodgrains Marketing Yard (TFMY) in order to provide finance against commodities stored in the TFMY warehouse facility. TFMY is a unique project that aims to provide necessary infrastructures for cereals, pulses and staples [...]
Mineral production up 20% in October
New Delhi, Dec 27 (PTI) India's mineral production rose by 20.4 per cent in October over the same month a year ago, according to the mines ministry. As per the provisional figures of Indian Bureau of Mines (IBM), the index of mineral production of mining and quarrying sector for the month of October, 2021 at [...]
Sharad Aggarwal Appointed as CEO, Godfrey Phillips India
New Delhi, Delhi, India – Business Wire India Godfrey Phillips India Limited (GPI), one of India’s largest FMCG companies, today announced the appointment of Sharad Aggarwal as Chief Executive Officer. He will be reporting to Dr Bina Modi, President and Managing Director. The Board had met on 16 September 2021 and unanimously approved the appointment [...]
LANXESS to increase number of women in management positions to 30 pc by 2030
Mumbai, Dec 27 (PTI) Specialty chemicals company LANXESS on Monday said it is planning to further promote gender diversity by increasing the number of women in management roles globally to 30 per cent by 2030. At the end of 2020, around 23 per cent of the management positions were held by women, the company said [...]
PRICES MUM BULLION CLOSING
MUMBAI, DEC 27 (PTI) SILVER SPOT (IN RS PER KILO): 61416.00 STANDARD GOLD (99.5) : 47978.00 PURE GOLD (99.9) : 48171.00 PTI MUM SVC RUJ RUJ
RBL Bank shares tumble over 18 %
New Delhi, Dec 27 (PTI) Shares of RBL Bank on Monday tumbled over 18 per cent after its MD and CEO Vishawvir Ahuja stepped down from the post. The stock tanked 18.32 per cent to Rs 140.90 on the BSE. During the day, it tumbled 23.27 per cent to Rs 132.35 -- its 52-week low. [...]
PM lays foundation stone of SJVN hydro power projects in HP
New Delhi, Dec 27 (PTI) Prime Minister Narendra Modi on Monday virtually laid foundation stones of three hydro-electric power projects of 658 MW capacity, entailing investment of Rs 5,564 crore, which are implemented by SJVN in Himachal Pradesh. At a ceremony in Mandi, Himachal Pradesh, Modi virtually laid the foundation stones of 210 MW Luhri [...]
Smith & Jones Peri Peri Masala Mix: The new-age condiment
MUMBAI, India, Dec. 27, 2021 /PRNewswire/ -- With it's dedicated passion to bring home new and trending international flavour in exciting ways, Smith & Jones, a brand by Capital Foods, surprises us once again by launching the all new Peri Peri Masala Mix. Now we have the most unique and innovative taste enhancer in the [...]
J&K metro rail projects in final stage of approval : Puri
Jammu, Dec 27 (PTI) Union Minister for Housing and Urban Affairs Hardeep Singh Puri on Monday said the proposals for metro rail projects in Jammu and Srinagar cities are in final stage of approval from the Public Investment Board. Addressing Jammu & Kashmir Real Estate Summit here, Puri urged the UT government to organise an [...]
With the Component 1 – PLI approval, Foods and Inns Ltd. has the opportunity to get incentives of more than 1 billion Rupees over the next 6 years as per the PLI scheme guidelines and become an agro processing champion based out of India
MUMBAI, India, Dec. 27, 2021 /PRNewswire/ -- Foods & Inns Limited, one of the largest Mango processors in India has received approval for production-linked incentives (PLI) as part of the government's efforts to boost local manufacturing as well as exports and to make manufacturing champions out of India. This would enable Foods & Inns, India's [...]
Medanta brand owner Global Health, Veeda Clinical get Sebi’s go-ahead to float IPOs
New Delhi, Dec 27 (PTI) Global Health Ltd, which operates and manages hospitals under the Medanta brand, and clinical research organisation Veeda Clinical Research has received markets regulator Sebi's go-ahead to raise funds through an initial public offering (IPO). These companies, which filed their preliminary IPO with Sebi in September, obtained its observations on December [...]
Shriram Automall partners with Ashok Leyland to launch used commercial vehicle biz
New Delhi, Dec 27 (PTT) Pre-owned vehicle marketplace Shriram Automall India Ltd (SAMIL) on Monday said it has partnered with Ashok Leyland to launch an exclusive platform for used commercial vehicle business.The two companies have signed a memorandum of understanding under which SAMIL's physical and digital platforms will facilitate an exchange, disposal and purchase of [...]
Shriram Automall partners with Ashok Leyland to launch used commercial vehicle biz
New Delhi, Dec 27 (PTT) Pre-owned vehicle marketplace Shriram Automall India Ltd (SAMIL) on Monday said it has partnered with Ashok Leyland to launch an exclusive platform for used commercial vehicle business.The two companies have signed a memorandum of understanding under which SAMIL's physical and digital platforms will facilitate an exchange, disposal and purchase of [...]
Basiz Fund Services Spreads its Wings to North East India; Signs MoU with Government of Tripura
- Basiz Fund Services extends its efforts to the state of Tripura and invests in ITeS sector - MUMBAI, India, Dec. 27, 2021 /PRNewswire/ -- Basiz Fund Services, India's sole global fund administrator embarked on a new journey by signing a Memorandum of Understanding (MoU) with Government of Tripura in presence of Shri. Manoj Kanti [...]
LET’S INSPIRE BIHAR A voluntary Social, Cultural and Educational initiative\nLaunched by Bihar Entrepreneurship Conclave and hosted by\nMr. Vikas Vaibhav, IPS 2003
New Delhi, 27th December 2021: As a part of the “Let’s Inspire Bihar” initiative, the "Bihar Entrepreneurship Conclave" was organised by the Delhi- NCR Chapter in New Delhi the NDMC Convention Centre. The event was hosted by Mr. Vikas Vaibhav IPS 2003 who is also an IIT Kanpur alumnus has deep interest in history and [...]
Dr. Beerinder Singh Yogi Conferred with Golden Glory Award 2021 Presented by Brands Impact
Mumbai, Maharashtra, India (NewsVoir) Renowned sexologist, Dr. Beerinder Singh Yogi, Director Dr. Yogi’s Health Care Clinic Estd.1944 in Chandigarh wins the Best Sexologist of the Year award at the Golden Glory Awards 2021 organised by Brands Impact. The award was given by the gorgeous Malaika Arora, the chief guest of the glittering award ceremony recently [...]
Yuvraj Singh partners with Colexion to launch his NFT Collection In space.
The NFTs will provide exclusive access to fans to engage with their favourite star. This year seems to be the year of NFTs getting popular as a means of owning digital assets that live on the blockchain. We all have seen Yuvraj's impeccable cricket while hitting off the ground with unmatchable sixes. But for the [...]
Heart Failure and comorbidities
• Prevention is definitely better than cure when it comes to matters of the heart, and a little care and knowledge can go a long way in ensuring this ‘Heart failure’ – these two terms can strike fear into anyone’s heart. But is it truly the death sentence it is made out to be? To [...]
Jagdish Sheth School of Management Records 100 percent Placement for Industry Internship Programme (IIP)
Bengaluru, Karnataka, India (NewsVoir) • Average stipend for Industry Internship Programme (IIP) has risen by 60%; • 50% of students received pre-placement offers with their Internship Jagdish Sheth School of Management (JAGSoM) has successfully placed the entire eligible batch for the Industry Internship programme (IIP) as of December 2021, despite the hurdles of the ongoing [...]
Axis Bank’s Young Banker Program Start Admissions for February 2022 Batch
A first-day-first-hour productive training and employment opportunity for graduates and postgraduates to kickstart a career in Banking Bengaluru, Karnataka, India (NewsVoir) Manipal Academy of BFSI with Axis Bank, open admissions for their one-of-a-kind job-ready program, the Axis Bank Young Bankers Program, February 2022 batch. The program started in 2012 with a vision to groom individuals [...]
OwO Tech raises USD 3 mn seed capital from marquee investors to fuel growth
Mumbai, Dec 27 (PTI) Gurugram-based water e-commerce start-up OwO Technologies on Monday said it has raised USD 3 million (about Rs 22.5 crore) seed funding from marquee investors. OwO is creating disruptions in the online essentials space (the drinking water market at large) by launching WaaS (water-as-a-service), the company said in a statement adding that [...]
Torrent Pharma recalls over 27k bottles of blood pressure lowering drug in US
New Delhi, Dec 27 (PTI) Torrent Pharma is recalling more than 27,000 bottles of its generic drug, used in lowering high blood pressure, in the US market. As per the latest enforcement report by the US Food and Drug Administration (USFDA), the Ahmedabad-based company is recalling 27,312 bottles of the Telmisartan and Hydrochlorothiazide tablets. The [...]
Save More and Earn More with a Bajaj Finance Fixed Deposit
Pune, Maharashtra, India (NewsVoir) A fixed deposit is a sensible financial tool for those who don’t want to risk their investment. Safety of deposit amount, secured returns, timely payouts and investment ease are a few factors that make it a preferred investment tool for risk-averse investors. While these instruments usually yield lower returns, Bajaj Finance [...]
Major edible oil brands cut MRP by 10-15% to give relief to consumers: SEA
New Delhi, Dec 27 (PTI) Major edible oil companies, including Adani Wilmar and Ruchi Soya, have reduced the maximum retail price (MRP) of their products by 10-15 per cent to provide relief to consumers, industry body SEA said on Monday. The prices have been reduced by Adani Wilmar (on Fortune brands), Ruchi Soya (Mahakosh, Sunrich, [...]
Air India handover to Tata Group delayed by a month till Jan
New Delhi, Dec 27 (PTI) Tata Group's takeover of loss-making national carrier Air India is most likely delayed by a month till January as the completion of procedures taking longer than expected, an official said on Monday. In October, the government accepted the highest bid made by a Tata Sons company for 100 per cent [...]
Adani to start coal export from Australian mine this week
New Delhi, Dec 27 (PTI) The Adani Group will begin exporting high quality, low sulphur coal from its Carmichael mine in Australia as early as this week, tapping a new multi-decade source to meet energy needs. "The first shipment of high-quality coal from the Carmichael mine is being assembled at the North Queensland Export Terminal [...]
Microtek aims Rs 1,600 cr turnover in FY22, to raise market share in inverter to 50 pc in next 2 yrs
New Delhi, Dec 27 (PTI) Leading power product marker Microtek aims for nearly 23 per cent growth in the current financial year with a turnover of around Rs 1,600 crore, led by its inverter and other businesses, said a top company official. The company, which currently has around 40 per cent market share in the [...]
Sensex advances 296 pts as banking, IT stocks gain
Mumbai, Dec 27 (PTI) Equity benchmark Sensex rose by nearly 296 points on Monday following gains in IT, financials and pharma stocks amid a largely positive trend in global markets. After rebounding over 960 points from the day’s low during the session, the 30-share index settled 295.93 points or 0.52 per cent higher at 57,420.24. [...]
Venus Pipes & Tubes files papers to garner funds through IPO
New Delhi, Dec 27 (PTI) Venus Pipes & Tubes has filed draft papers with markets regulator Sebi to raise funds through an initial share sale. Through the Initial Public Offering (IPO), 50.74 lakh equity shares of the company will be sold, according to the Draft Red Herring Prospectus (DRHP). Proceeds from the [...]
Vedanta says directors’ panel approves raising up to Rs 1,000 cr via NCDs
New Delhi, Dec 27 (PTI) Vedanta Ltd on Monday said a committee of directors has approved raising up to Rs 1,000 crore through non-convertible debentures (NCDs) on private placement basis. The meeting was held on Monday, Vedanta said in a filing to BSE. "The duly authorised committee of directors at its meeting ...considered and approved [...]
Google approaches Karnataka HC seeking more time to respond to CCI in Google Play probe
New Delhi, Dec 27 (PTI) Tech titan Google has filed a writ in Karnataka High Court seeking more time to reply to Competition Commission's queries pertaining to a probe into Play Store rules. Google said it respects Competition Commission of India's (CCI) investigative process and "will continue to engage cooperatively and constructively in the interest [...]
Kerala best state on health parameters, Uttar Pradesh worst
New Delhi, Dec 27 (PTI) Kerala has again emerged as the top performer in terms of overall health performance among larger states, while Uttar Pradesh is the worst, according to the fourth Health Index launched by Niti Aayog. The fourth round of the Health Index took into account the period 2019-20 (reference year). The report by [...]
Over 4.51 cr ITRs for FY’21 filed till Dec 26
New Delhi, Dec 27 (PTI) Over 4.51 crore income tax returns for 2020-21 were filed till December 26, the I-T department said on Monday. This includes over 2.44 crore ITR-1 and over 1.12 crore ITR-4. ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small [...]
Digital, new energy, supply chain resilience, health to be Tata group’s strategy themes: Chandra
Tata group’s new focus is supply chain resilience, health, digital and new energy.The group’s Chairman N Chandrasekaran said the group’s new pilots and businesses, are poised to benefit from these four themes going forward.He encouraged the employees to take booster shots when they are available and to follow the latest health protocols. According to Tata [...]
Rupee pares initial losses, settles 3 paise higher at 75 against US dollar
Mumbai, Dec 27 (PTI) Rising for the eighth straight session, the rupee on Monday pared initial losses to settle 3 paise higher at 75 (provisional) against the US dollar amid a firm trend in domestic equities.At the interbank forex market, the local unit opened at 75.15 against the greenback and witnessed an intra-day high of [...]
Global Child Prodigy Awards Announces Top 100 Child Prodigies for 2022
GCPA (Global Child Prodigy Awards), the world’s first child prodigy initiative that aims at recognizing young talents, has just announced the names of the top 100 child prodigies for the year 2022. These awardees will soon be felicitated at a grand event that is scheduled to take place in Dubai during February 2022. Global Child [...]
Chhattisgarh CM Bhupesh Baghel bats for a green recovery
New Delhi, 27 December, 2021: The Chhattisgarh Government recently took a pioneering initiative of setting up a first of its kind Green Council. The initiative aims to reduce carbon foot print while creating economic opportunities within the state. With the support of Swaniti Initiative, a non-partisan social enterprise that works with government to deliver development [...]
Celebrity Platinum Engagement Ring Trends Expected to Continue in 2022: Modern Vintage, Colored Gems, and Toi et Moi
Mumbai, Maharashtra, India (NewsVoir) Celebrities are known for selecting unique platinum engagement rings, thereby inspiring ring design trends around the world. Who can forget about Jennifer Lopez’s pink diamond ring from Ben Affleck or Beyoncé’s emerald-cut diamond sparkler from Jay-Z? Platinum Guild International, the marketing association for platinum jewellery, highlights the top 3 celebrity platinum [...]
Sensex ends 296 pts higher; Nifty tops 17,050
Mumbai, Dec 27 (PTI) Equity benchmark Sensex ended 296 points higher on Monday, tracking gains in index majors ICICI Bank, HDFC twins and Tech Mahindra amid a largely positive trend in global markets. After rebounding over 960 points from the day’s low during the session, the 30-share index settled 295.93 points or 0.52 per cent [...]
Mahindra Holidays & Resorts to add over 300 rooms by Mar
Mumbai, Dec 27 (PTI) Mahindra Holidays & Resorts, which operates under the flagship Club Mahindra brand of membership-only resorts, plans to add over 300 rooms by March to take the overall inventory to 4,500 keys, a top company official has said. The Mahindra group firm had reported the highest quarterly profit of Rs 40.6 crore [...]
Silver plunges by Rs 342, gold up by Rs 18
New Delhi, Dec 27 (PTI) Gold prices rose by Rs 18 to Rs 47,175 per 10 gram on Monday following firm global cues, according to HDFC Securities. In the previous trade, gold prices had settled at Rs 47,157 per 10 gram. Silver prices tanked by Rs 342 to Rs 60,710 per kg from Rs 61,052 [...]
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