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Undervalued waste management stocks to add to your watchlist
One of the effective methods for assessing whether a stock is undervalued or overvalued is by analysing key metrics such as the Price-to-Earnings (P/E) ratio and the industry P/E average. The P/E ratio or Price-to-Earnings ratio compares the current share price to the earnings per share (EPS) of a company, serving as a widely recognized [...]
Ethanol stocks that are expanding their production capacity in FY25 to look out for
The Government of India’s Ethanol Blended with Petrol (EBP) Programme targets a 20 percent ethanol blend in petrol by 2025, with nationwide distribution by Oil Marketing Companies (OMCs). To meet the rising demand, the plan includes a major increase in ethanol production capacity to 1,700 crore litres by 2025. Here are three such Ethanol companies [...]
Stocks to Watch: Hindustan Zinc and 5 other stocks trading ex-dividend next week
The Indian Benchmark Indices closed flat on Friday and In the last five trading sessions, the Sensex gained by approximately 0.72 percent or 578.40 points, while the Nifty 50 index gained around 0.97 percent or 239.55 points. Dividends are a way for companies to distribute a portion of their earnings back to the shareholders as [...]
Tata group stocks with high FII holding of up to 28% to keep on your radar
The Tata Group is a multinational conglomerate and one of India's largest and oldest industrial groups, with interests spanning various sectors including steel, automotive, information technology, telecommunications, chemicals, hospitality, and many others. It is known for its emphasis on ethical business practices, corporate social responsibility, and a strong commitment to community development. Listed below are [...]
Nuclear energy stocks with high ROE and ROCE to keep an eye on
Nuclear energy stocks are expected to foster growth and stock market returns due to the global push for clean energy, technological innovations like small-scale nuclear reactors, and increasing government support, which could drive demand and stability in the sector. These factors, combined with the sector's potential for long-term contracts and stable cash flows, make nuclear [...]
EV stocks under ₹ 200 with low debt to keep in your radar
These companies typically exhibit lower financial risk, as a debt-to-equity ratio under 1 indicates reduced reliance on debt, enhancing stability. Additionally, their affordable stock prices make it easier for a broader range of investors to enter the growing EV market. Here is a list of a few EV stocks trading below Rs.200 per share and [...]
Defensive stocks to buy now for an upside of more than 20%; Do you own any?
Pharma stocks prove to be a defensive and resilient investment option for investors due to its constant market demand, high profitability, growth potential and diversification benefits. These stocks are unaffected by economic fluctuations and offer consistent dividends to investors. Here are four such defensive pharma stocks to buy with an upside potential of up to [...]
Defence stock jumps after acquiring 100% stake in Kalyani Powertrain
The shares of the leading forging company gained up to 1.2 percent after the company announced an equity share acquisition of Kalyani Powertrain Limited worth Rs 105 crore. With a market capitalization of Rs 75,620.64 crore, the shares of Bharat Forge Ltd were trading at Rs 1,624.50 per share, increasing around 0.33 percent as compared [...]
Stock jumps 10% after company’s promoter buys 2.62% stake from FII
The share of this small-cap company gained up to 10 percent after the company’s promoter bought 2.62 equity shares from foreign institution investor. Niit Ltd has a market capitalization of Rs 1,757.89 crore, the shares were trading at Rs 129.90 per share, increasing around 8 percent as compared to the previous closing price of Rs [...]
Bluechip stock to buy now for an upside of 15%; Are you holding it?
Market leading conglomerate stock of Mukesh Ambani has received ambitious target prices from international brokerages CLSA and Bernstein, fueling optimism and driving the stock's upward trajectory. Price Movement In Friday’s trading session, Reliance Industries Limited share price reached an intra-day high of Rs.3,022.65 per share, representing 1 percent rise from its previous close of Rs.2,995.1 [...]
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Top Editor’s Pick
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 [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
upGrad Learners Awarded Career Hikes to the Tune of 180% – 450%: upGrad Career Report
upGrad learners are making the most of their courses with great career hikes ranging from 180% - 450% and multiple job offers Mumbai, Maharashtra, India – Business Wire India upGrad, Asia’s higher EdTech leader, released its first Career Trends Report for the month of April – September 2021, highlighting the dynamic Hiring & Compensation trends [...]
Write Right Announces the Launch of Two New Content Writing Agencies, Kalam Kagaz and Bloggism
Ahmedabad, Gujarat, India – Business Wire India When was the last time you stopped scrolling? It must have been really good content. Now, when was the last time you read an entire article? Recall that moment when you could not stop scrolling through the article. Think about it; it was appealing, plain, simple, yet captivating. [...]
Mrs India One in a Million Season 2 Organised with a Grand Success at Hotel Taj Vivanta Dwarka
New Delhi, Delhi, India (NewsVoir) The show was Graces by Aditi Govitrikar, Shikha Sharma (MD Kanti Sweets Chief Guest), Archana Sinha, Sachin Khurana, Rohit Dhingra, Prof. Ambika Magotra, where Former Mrs World Aditi Govitrikar, Archana Sinha, Sachin Khurana, Rohit Dhingra, Payal Singh, Anjali Sahni, Prashant Chaudhary judged the Beauty Pageant. Mrs India One in a [...]
Ashok Maanay Conferred with Most Glorious Fashion Icon of the Year at Brands Impact – Golden Glory Awards 2021
Mumbai, Maharashtra, India (NewsVoir) Born with the destiny of redefining the world of colors, Ashok Maanay gets rewarded with the Brands Impact Golden Glory Award titled “Most Glorious Fashion Icon of the Year”. Brands Impact executed the second edition of Golden Glory Awards after two years, the awards are meant to acknowledge and bring forward [...]
KOLKATA BULLION CLOSING
Kolkata, Dec.27(PTI): SILVER RDY. (BAR) : Rs.61,850.00(62,150.00) Per Kg.SILVER RDY.(PORTION) : Rs.61,950.00(62,250.00) Per Kg. GOLD (24-CARAT) RDY. : Rs.48,850.00(48,850.00) Per 10 Gms. GOLD (22-CARAT) RDY. : Rs.46,350.00(46,350.00) Per 10 Gms. HALLMARKED GOLD (22-CT) RDY. : Rs.47,050.00(47,050.00) Per 10 Gms. ---- PTI SAM
Guar seed futures decline amid ample supplies
New Delhi, Dec 27 (PTI) Guar seed prices on Monday declined by Rs 25 to Rs 6,086 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery was trading down by Rs 25, or 0.39 per cent, at Rs 6,086 per 10 quintal with an open interest [...]
J&K govt inks 39 MoUs worth Rs 18,300 cr with country’s real estate investors
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 Rs 18,300 crore for the development of housing and commercial projects. Terming the signing of the MoUs at J&K Real Estate Summit here "historic'', Lieutenant Governor Manoj Sinha said it [...]
HDFC Bank ties up with IPPB to deliver banking services in semi-urban, rural areas
New Delhi, Dec 27 (PTI) HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas.A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB.About [...]
METAL PRICES
MUMBAI, DEC 27 (PTI) :- COPPER COPPER CABLE SCRAP 730.00 COPPER HEAVY SCARP 717.00 COPPER ARMATURE (CREDIT) 700.00 COPPER UTENSIL SCRAP 635.00 C.C. ROD 770.00 BRASS BASS SHEET CUTTING 541.00 BRASS UTENSIL SCRAP 478.00 BRASS HONEY 470.00 ALUNINIUM ALU. UTENSIL SCRAP 185.00 ALU. EXT SCRAP 208.00 ALU. INGOTS. 234.00 OTHER GUN METAL SCRAP 520.00 ZINC [...]
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 [...]
BGE-COMMODITIES
Bengaluru, Dec 27 (PTI) Following are Monday's commodities prices (All rates in Rs/quintal): Rice Fine 4400-5000: Medium 4500-4800: Jowar 2200-2800: Jaggery cube 4200-4600: Jaggery ball 4600-4700: Coriander Seed 9500-14500: Chilies fine 40000-44000: Potato Big 2000-2500: Medium 1500-2000: Onion Big 2000-3000: Medium 1500-2000: Small 800-1500: Tamarind 9000-11000: Garlic 3000-4000: Horsegram 4000-4600: Wheat 2500-3500 Turmeric 9500-15000: Turdhal [...]
MUMBAI OILSEEDS PRICES
MUMBAI, DECEMBER 27, (PTI) - DEOILED CAKES (per M.T.) G.N.Extr.45% 37000.00 Kardi Extr - Sesame Extr - Cottonseed Extr - Undec Cottonseed 32500.00 Rice Bran Extr. - Sunflower Extr. 29000.00 Rapeseed Extr. - Soyameal 48% 54783.00 Castor Extr. 9850.00 OIL SEEDS (per 100 Kgs) Gr. Kernel 6700.00 Gr. Bolds 60/70 8600.00 Gr. Javas 60/70 9400.00 [...]
IndusInd Bank, NPCI partner to simplify cross-border remittances through UPI
New Delhi, Dec 27 (PTI) Indians can now get remittance money from their foreign sources in a much easier way as IndusInd Bank has tied up with NPCI to facilitate cross-border money transfer by using UPI IDs of the beneficiaries. This will obviate the need to remember one's bank account details to send money. IndusInd [...]
Tally Solutions partners with Amazon Web Services for ‘TallyPrime’
New Delhi, Dec 27 (PTI) Tally Solutions has collaborated with Amazon Web Services to make its flagship product -- TallyPrime -- available on AWS.This availability will enable all TallyPrime users to run their entire business application remotely anytime, anywhere, a company statement said."The collaboration between Tally Solutions and AWS aims to provide entrepreneurs and their [...]
BBB invites applications for position of Union Bank of India MD
New Delhi, Dec 27 (PTI) The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, has invited applications for the post of managing director and chief executive director of Union Bank of India for a three-year term. The post of MD and CEO would fall vacant at Mumbai-based Union Bank of India [...]
Gold futures gain on spot demand
New Delhi, Dec 27 (PTI) Gold prices on Monday rose by Rs 41 to Rs 48,160 per 10 gram in futures trade as speculators created fresh positions amid firming spot demand. On the Multi Commodity Exchange, gold contracts for February delivery traded higher by Rs 41, or 0.09 per cent, to Rs 48,160 per 10 [...]
Silver futures ease on low demand
New Delhi, Dec 27 (PTI) Silver futures on Monday dropped by Rs 419 to Rs 61,879 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 419, or 0.67 per cent, to Rs 61,879 per kg in a business turnover of 11,265 [...]
Copper futures decline on tepid spot demand
New Delhi, Dec 27 (PTI) Copper prices on Monday fell 0.72 per cent to Rs 742.55 per kg in futures trade as participants trimmed their bets amid a weak trend in domestic market.On the Multi Commodity Exchange, copper for delivery in January was trading lower by Rs 5.40, or 0.72 per cent, at Rs 742.55 [...]
Crude oil futures dip on weak spot demand
New Delhi, Dec 27 (PTI) Crude oil prices on Monday fell by Rs 51 to Rs 5,477 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for January delivery dropped by Rs 51, or 0.92 per cent, to Rs 5,477 per barrel with a business volume of 6,630 lots. Analysts [...]
Zinc futures edge up on robust demand
New Delhi, Dec 27 (PTI) Zinc prices on Monday rose by 40 paise to Rs 289.65 per kg in futures trade, tracking a firm trend in physical markets. On the Multi Commodity Exchange, zinc contracts for January traded higher by 40 paise, or 0.14 per cent, to Rs 289.65 per kg with a business turnover [...]
Nickel futures down on subdued demand
New Delhi, Dec 27 (PTI) Nickel futures on Monday declined by Rs 5.50 to Rs 1,542.30 per kg due to reducing of positions by investors amid sluggish demand in spot market. On the Multi Commodity Exchange, nickel contracts for January delivery fell by Rs 5.50, or 0.36 per cent, to Rs 1,542.30 per kg with [...]
Business Briefs
Adani Green bags Global Sponsor of the Year award from PFI New Delhi, Dec 27 (PTI) Adani Green Energy Ltd (AGEL) on Monday said it has bagged Global Sponsor of the Year award from Project Finance International (PFI). The global award recognizes AGEL as a key driver of energy transition that has set up the [...]
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 [...]
Sterlite arm bags second lot in transmission auction in Brazil
New Delhi, Dec 27 (PTI) Sterlite Power Transmission arm Sterlite Brazil Participações S.A. has bagged second lot in transmission project in an auction in Brazil. "Sterlite Brazil Participações S.A. (Sterlite Brazil), a subsidiary of India’s Sterlite Power Transmission (the company), won lot 02 in the transmission auction (no. 002/2021), promoted on 17th December 2021 by [...]
Legendary cricketer Yuvraj Singh launches his premium NFT collection with Colexion
Yuvraj Singh's NFT Collection launched to Attract Bidding Interest From DAOs After successfully launching NFTs of renowned celebrities from the art and sports fraternity, Colexion has yet again come up with an exclusive NFT drop of legendary cricketer Yuvraj Singh. With his very own digital avatar in a metaverse, the profound cricketer has entered into [...]
Soybean futures slip on muted demand
New Delhi, Dec 27 (PTI) Soybean prices on Monday fell by Rs 3 to Rs 6,305 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery declined by Rs 3, or 0.05 per cent, to Rs 6,305 per [...]
Refined soya oil futures fall on low demand
New Delhi, Dec 27 (PTI) Refined soya oil prices on Monday fell by Rs 3.1 to Rs 1,170 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 3.1, or 0.26 per cent, [...]
Guar seed futures decline on low demand
New Delhi, Dec 27 (PTI) Guar seed prices on Monday gained Rs 25 to Rs 6,086 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery was trading down by Rs 25, or 0.39 per cent, at Rs 6,086 per 10 quintal with an open interest of [...]
Guar gum futures fall on low demand
New Delhi, Dec 27 (PTI) Guar gum prices on Monday fell Rs 78 to Rs 10,965 per five quintal in futures market as traders offloaded their holdings in line with weak trend in spot market.On the National Commodity and Derivatives Exchange, guar gum for January delivery declined by Rs 78, or 0.71 per cent, to [...]
Coriander futures decline on low demand
New Delhi, Dec 27 (PTI) Coriander prices on Monday fell by Rs 32 to Rs 8,550 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 32, or 0.37 per cent, to Rs 8,550 per quintal [...]
DECEMBER 27,2001 Mumbai :- PEPPER COPRA RATES :- BLACK
PEPPER READY 570 / 630 GINGER BLEACHED - GINGER UNBLEACHED 170 COPRA OFFICE ALAPUZHA 11000 COPRA OFFICE KOZIZODE 10800 COPRA RAJAPUR MUMBAI 21200 COPRA EDIBLE MUMBAI 15500 COCHIN COCONUT OIL -------- COCONUT OIL MUMBAI 2100 T.P ---------------------------- PTI MUM SSB SSB SSB
Oil India to set up green hydrogen plant in Assam
New Delhi, Dec 27 (PTI) Oil India Ltd, the nation's second-largest state-owned oil explorer, is setting up a plant to manufacture green hydrogen at its Jorhat oilfield in Assam, the company said in a statement. "To strengthen its bouquet of clean energy offerings", the company has initiated action for setting up a 100 kW green [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Dec 27 (PTI) Cottonseed oil cake prices on Monday increased by Rs 36 to Rs 2,925 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 36, or 1.25 per cent, [...]
BGE-COMML-VEGETABLES
Bengaluru, Dec 27 (PTI) Following are today's Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-6000, Brinjal 700-6600, Tomato 450-7000, Bitter Gourd 2500-6900, Bottle Gourd 1800-5000, Ash Gourd 1000-1700, Green Chilly 320-7500, Banana green 1000-3000, Beans 400-7000, Green Ginger 500-4000, Carrot 1500-10000, Cabbage 300-5500, Ladies Finger 350-8600, Snakeguard 2500-4500, Beetroot [...]
Amp Energy India commissions 13.5 MW solar power project in Maharashtra
New Delhi, Dec 27 (PTI) Renewable energy firm Amp Energy India on Monday said it has commissioned its second open access solar project in Maharashtra. Amp Energy India has recently commissioned a 13.5 MW solar power project for cement manufacturer Orient Cement, a company statement said. The 13.5 MW project at Osmanabad, in Maharashtra will [...]
PRICES MUM GENERAL
MUMBAI, DEC 27 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 61497.00 STANDARD GOLD (99.5) : 48115.00 PURE GOLD (99.9) : 48308.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62,150.00 RS. PER KG.SILVER RDY.(PORTION) : 62,250.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48,850.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46,350.00 RS. [...]
RBI says RBL Bank financial position SATISFACTORY, assures depositors, stakeholders
Mumbai, Dec 27 (PTI) The Reserve Bank of India on Monday said that RBL Bank is well capitalised and its financial position remains "satisfactory", amid speculations relating to the private sector lender in certain quarters in wake of recent events surrounding the bank. In a statement, the Reserve Bank of India (RBI) also said there [...]
One-Moto launches new high-speed e-scooter Electa at Rs 1.99 lakh
New Delhi, Dec 27 (PTT) Electric vehicle maker One-Moto on Monday said it has launched a new high-speed electric scooter Electa priced at Rs 1.99 lakh (ex-showroom price). The Electa is the third launch of the company after the 'Commuta' and 'Byka' high speed scooters which were rolled out last month, the company said in [...]
Kerala best state on health parameters, UP worst
New Delhi, Dec 27 (PTI) Kerala has again emerged as the top ranking state 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 [...]
DIRECT EXCHANGE RATES-SBI
MUMBAI, DEC 27 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE TODAY. ( ALL RATES IN RUPEES PER UNIT ).CURRENCY CODE TTBUY TTSEL BILLBUY TTSEL USD/INR 74.37 75.87 74.31 76.03 EUR/INR 83.67 86.50 83.60 86.67 GBP/INR 99.21 102.36 99.13 102.56 JPY/INR 64.56 66.77 64.51 66.90 [...]
NEWSALERT
Kerala top state in overall health performance among larger states, Uttar Pradesh the worst, says the 4th Health Index by Niti Aayog. PTI BKS DRR DRR
Dr Aishwarya Selvaraj Bags Brands Impact Golden Glory Award – 2021
Mumbai, Maharashtra, India (NewsVoir) Dr Aishwarya Selvaraj, Founder and Managing Director of one of Chennai’s most popular skin clinics, Skin Envy had recently been conferred with the Style Icon Doctor of the Year award at Golden Glory Awards, presented by Brands Impact. Brands Impact executed the second edition of Golden Glory Awards after two years, [...]
Key sectors in TN perform well in 2021, Govt sets eyes on ambitious USD 1 tn SGDP target by 2030
Chennai, Dec 27 (PTI) Braving the COVID-19 pandemic, key sectors in Tamil Nadu looked up in the year 2021, as the new government headed by the DMK announced its ambitious revival and growth initiatives and roped-in some of the top economists including Nobel winner Esther Duflo to advise the state in its endeavour.The appointment of [...]
Hero Lectro launches two new products
New Delhi, Dec 27 (PTT) Hero Lectro, the electric cycles brand of Hero Cycles Ltd, on Monday launched two new products - F2i and F3i - priced at Rs 39,999 and Rs 40,999, respectively. Designed in Hero Lectro's own R&D centre, these e-cycles have a range of up to 35 km in one charge and [...]
MONEY-MARKET-OPERATIONS
MUMBAI Dec 27, 2021 (PTI) Money Market Operations as on December 24, 2021(Amount in ? crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,03,750.20 3.46 0.01-5.50 I. Call Money 10,691.53 3.42 2.00-3.80 II. Triparty Repo 3,93,955.30 3.44 3.25-3.55 III. Market Repo 99,098.37 3.51 0.01-3.66 IV. [...]
Capillary Technologies files draft papers to raise Rs 850 cr via IPO
New Delhi, Dec 27 (PTI) Capillary Technologies (India) Ltd, backed by Warburg Pincus and Sequoia Capital, has filed preliminary papers with markets regulator Sebi to raise Rs 850 crore through an initial share-sale. The company offers artificial intelligence (AI)-based cloud-native Software-as-a Solution (SaaS) products and solutions to develop loyalty of consumers and channel partners. The [...]
Investment via participatory notes drop to Rs 94,826 cr in Nov
New Delhi, Dec 27 (PTI) Investments in Indian capital market through participatory notes (P-notes) dropped to Rs 94,826 crore till November-end after hitting 43-month high in the preceding month. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves [...]
KOLKATA BULLION OPENING
Kolkata, Dec.27(PTI): SILVER RDY. (BAR) : Rs.62,150.00 Per Kg. SILVER RDY. (PORTION) : Rs.62,250.00 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
Mandatory gold hallmarking rollout smooth in 256 districts, planning for wider implementation: Govt
New Delhi, Dec 27 (PTI) The rollout of mandatory hallmarking of gold jewellery in 256 districts has been smooth so far and the process of expanding it to all districts of the country is now underway, according to the Consumer Affairs Ministry. Hallmarking, a quality certification, has been made mandatory with effect from June 23, [...]
Sonowal tasks experts with feasibility report on organic farming in NE
Guwahati, Dec 27 (PTI) Union Minister Sarbananda Sonowal asked an expert group of academicians and agri-entrepreneurs to draw up a report on the feasibility of organic and natural farming in the Northeast that can serve as a roadmap for future policymaking.He also stressed on the need for promoting sustainable farming by combining traditional practices with [...]
Bharat Petroleum to Scale up Renewable Energy Portfolio; Collaborates with Solar Energy Corporation of India Limited
The MoU between both companies will help them to leverage each other’s expertise to pursue business opportunities in the renewable energy space.Bharat Petroleum Corporation Ltd. (BPCL) Fortune Global 500 Company and the second largest Indian Oil Marketing Company.Solar Energy Corporation of India Limited (SECI), a PSU under the Ministry of New and Renewable Energy (MNRE), [...]
Singapore and India further cement bilateral relations despite challenges posed by Covid-19 pandemic
Singapore, Dec 27 (PTI) India and Singapore further consolidated their strategic relations in 2021 despite the challenges posed by the Covid-19 pandemic, with high-level bilateral visits and meetings leading to increased collaboration in defence, information technology and cybersecurity that are likely to shape the future of both the countries.Though the pandemic crippled the global business [...]
HP Adhesives shares list with over 16 % gain
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. The stock listed at Rs 319, a gain of 16.42 per cent from the issue price on BSE. It further zoomed 22.24 per cent to Rs 334.95. On [...]
Rupee falls 13 paise to 75.16 against US dollar in early trade
Mumbai, Dec 27 (PTI) The rupee declined by 13 paise to 75.16 against the US dollar in opening trade on Monday, as muted domestic equities and persistent foreign fund outflows weighed on the local unit. Forex traders said growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as [...]
Kopi Kenangan, Indonesia’s Fastest Growing New Retail F&B chain, Hits Unicorn Status with Series C Fundraise
JAKARTA, Indonesia, Dec. 27, 2021 /PRNewswire/ -- Kopi Kenangan, Indonesia's fastest growing New Retail F&B chain, well-known for its great tasting coffee, today announced that it has raised $96m in the first closing of a Series C funding, giving the company a valuation of more than $1bn. The oversubscribed Series C round was led by [...]
St Kitts and Nevis’ Visa-Free Agreements and Diplomatic Partnerships Reach Historic Height
LONDON, Dec. 27, 2021 /PRNewswire/ -- As of December 2021, the Federation of St Kitts and Nevis' visa-free and visa-on-arrival agreements total to an all-time high, thanks to the Minister of Foreign Affairs and Aviation, the Honourable Mark Brantley. This historic revelation means that citizens of the small eastern Caribbean nation can travel hassle-free to over [...]
MIT ADT University to offer Post Graduate Diploma in Data Science
PUNE, India, Dec. 24, 2021 /PRNewswire/ -- MIT Centre for Future Skills Excellence, MIT Art, Design and Technology University teams up with AI Beehive to jointly run the Post Graduate Diploma in Data Science. Analysts predict that India will have more than 11 million job openings by 2026. A Memorandum of Understanding was signed on [...]
CSM Technologies unveils IntegratORE, a unique digital interface for mining value chain
BHUBANESWAR, India, Dec. 27, 2021 /PRNewswire/ -- CSM Technologies Ltd, a Bhubaneswar-headquartered IT consulting firm, has rolled out IntegratORE, the first-of-its-kind integrated suite of digital mining solutions. IntegratORE caters to every stage of the ore's pit-to-port journey. From ore extraction to processing, stacking, sampling, loading and its transportation to the final consumer touchpoint, this unified [...]
Refresh Skin Science Crosses Over 500+ Orders During Their Official Launch
Coimbatore, Tamil Nadu, India – Business Wire India Refresh Skin Science, part of Visionary Skincare Pvt Ltd., has officially launched today (24-12-2021) in the Indian market. The brand in association with its Manufacturers, Influencers and the Prasiddhi Forest Foundation inaugurated their grand launch event “Beauty Bash”. Refresh Skin Science offers a 75% + 10% discount [...]
HDFC Bank Wins Coveted CII Award for ‘Most Innovative Best Practice’ for Financial Inclusion
Bank furthered financial inclusion in approx. 50,000 villages across India Mumbai, Maharashtra, India – Business Wire India HDFC Bank’s efforts in furthering financial inclusion through partnership with Government of India’s Common Service Centres (CSC) have been adjudged ‘Most Innovative Best Practice’ for financial inclusion at the coveted CII Digital Transformation Award 2021. HDFC Bank focuses [...]
Sensex slumps over 400 pts in early trade; Nifty drops below 16,900
Mumbai, Dec 27 (PTI) Equity benchmark Sensex tanked over 400 points in early trade on Monday, tracking losses in index majors Reliance Industries, Infosys and HDFC Bank as concerns over Omicron-induced restrictions had an adverse impact on investor sentiment. The 30-share index plunged 444.83 points or 0.78 per cent to 56,679.48 in the opening trade. [...]
Business schedule for Monday, Dec 27
DELHI: * No major events listed MUMBAI: * No major events listed. PTI ANS ANS
No issue with asset quality, will work on governance and risk fronts: RBL Bank’s new chief
Mumbai, Dec 26 (PTI) RBL Bank's interim chief executive and managing director Rajeev Ahuja on Sunday sought to allay concerns around the health of the private sector lender, stressing that the events over the weekend are not linked to quality of advances or asset quality.Rajeev, an executive director with the lender who was elevated by [...]
Citizens to get revenue extract, mutation online soon: J&K Official
Jammu, Dec 26 (PTI) The citizens in Jammu and Kashmir would get 'Fard' (revenue extract) and mutation online soon, a senior government official said on Sunday. Commissioner Secretary, Revenue, Vijay Kumar Bidhuri, said the department is in the process of making all their services available online through a single portal, installing auto-mutation process in the [...]
RIL-arm invests in oncology-focussed startup Karkinos Healthcare
Mumbai, Dec 26 (PTI) Oncology-focussed managed healthcare platform Karkinos Healthcare has received an undisclosed amount of investment from Reliance Digital Health, a statement said on Sunday. The start-up, backed by Ratan Tata personally and the Tata Group, has other major angel investors that include Venu Srinivasan, Kris Gopalakrishnan, Ronnie Screwvala, Vijay Shekar Sharma and Bhavish [...]
Aster Healthcare: Moopen plans to demerge Gulf ops, focus on India
Mumbai, Dec 26 (PTI) Dubai-based hospital chain Aster DM Healthcare, which is among the largest private sector healthcare chains in the Gulf region as well as in the country, is increasing its focus on India with a target of netting half of the revenue from here over the next five years and plans to hive [...]
Campus Activewear files draft papers with Sebi to garner funds via IPO
New Delhi, Dec 26 (PTI) Sports and athleisure footwear company Campus Activewear has filed preliminary papers with capital markets regulator Sebi to mop up funds through an initial share-sale. The initial public offering (IPO) is entirely an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders, according to the draft [...]
Delhi govt to ask aggregators to completely switch to electric vehicles
New Delhi, Dec 26 (PTI) The Delhi government is going to ask e-commerce companies, food delivery services and cab aggregators to completely switch to electric vehicles as it aims to increase the EV share in total vehicle sales to 25 percent by 2024 to check air pollution, according to officials.It is also going to ask [...]
TBO Tek files papers to raise Rs 2,100-cr via IPO
New Delhi, Dec 26 (PTI) Travel services provider TBO Tek Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise Rs 2,100 crore through an initial public offering (IPO). The public issue comprises fresh issue of equity shares of up to Rs 900 crore and an offer for sale worth up to Rs [...]
No plans to bring back repealed farm laws again; Congress creating confusion: Tomar
New Delhi, Dec 26 (PTI) Agriculture Minister Narendra Singh Tomar on Sunday clarified that the government has no plans to bring back the recently repealed farm laws, and urged farmers to be wary of "confusion" being created by the Congress on this issue. Tomar, in a statement, said the three agriculture reforms laws were brought [...]
Sensex weathers highs and hiccups to deliver a blockbuster 2021
New Delhi, Dec 26 (PTI) As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite [...]
Airtel Payments Bank surpasses 1 bn transactions mark in Q2
New Delhi, Dec 26 (PTI) Airtel Payments Bank crossed one billion transactions volume milestone on its platform during September quarter 2021-22, according to sources. This represents about 61 per cent year-on-year growth in transaction volume per quarter, underlining the bank's digital-first model and distribution of over 5,00,000 banking points that give it the ability to [...]
Mustard crop area rises by 50 pc in western UP, wheat area down
Muzaffarnagar, Dec 26 (PTI) Area under mustard crop has surged by nearly 50 per cent in the sugar belt of Uttar Pradesh this year as farmers are looking to cash in higher profit following an increase in the price of mustard oil, according to an official. Farmers has grown mustard crops in 7,250 hectare area [...]
Host of changes in GST law to come into effect from Jan 1
New Delhi, Dec 26 (PTI) The GST regime will see a host of tax rate and procedural changes coming into effect from January 1, including liability on e-commerce operators to pay tax on services provided through them by way of passenger transport or restaurant services. Also, the correction in inverted duty structure in footwear and [...]
Capital investment to pick up in old economy; decent growth expected in FY23: Jayanth R Varma
New Delhi, Dec 26 (PTI) Eminent economist Jayanth R Varma on Sunday expressed hope that in a few quarters from now, capital investment would begin to pick up even in the old economy, and said the next fiscal year is also expected to witness a decent growth. Varma, who is also a member of the [...]
No plans to bring back repealed farm laws again; Congress creating confusion: Tomar
New Delhi, Dec 26 (PTI) Agriculture Minister Narendra Singh Tomar on Sunday said the government has no plan to bring back the recently repealed farm laws, and urged farmers to be wary of "confusion" being created by the Congress on this issue. Tomar, in a statement, said Prime Minister Narendra Modi had decided to withdraw [...]
Sustaining biz operations, financial health biggest challenges for auto cos in 2022: MG Motor
New Delhi, Dec 26 (PTI) The biggest challenge in 2022 for the automobile industry will be to sustain business operations and ensure financial health amid various challenges, including global semiconductor shortage, according to a top MG Motor India official. Currently, the domestic market is witnessing increased demand, but it is also impacted by the global [...]
India imposes antidumping duty on 5 Chinese goods for 5 yrs
New Delhi, Dec 26 (PTI) India has imposed antidumping duties on five Chinese products, including certain aluminium goods and some chemicals, for five years to guard local manufacturers from cheap imports from the neighbouring country. According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC), the duties have been imposed on [...]
India Inc raises over Rs 9-lakh crore through equity, debt issuances in 2021
New Delhi, Dec 26 (PTI) Indian companies have mopped up more than Rs 9 lakh crore through equity and debt routes in 2021 to meet their renewed thirst for business expansion in a buoyant stock market brimming with liquidity and helped by recovering macroeconomic indicators after pandemic-ravaged first few months. Unless the still-evolving Omicron situation [...]
M&M, Tata Motors aim to bolster product range, manage chip shortage effectively next year
New Delhi, Dec 26 (PTI) Riding on the success of their recent model launches, homegrown auto majors Mahindra & Mahindra and Tata Motors are looking to further strengthen their product portfolios in 2022. Both companies are also looking at ways to handle the semiconductor shortage in a better way next year so that the impact [...]
Convenience, comfort, cost and carbon: What’s the best way to travel, save money and cut emissions?
Wellington, Dec 26 (The Conversation) As people plan their summer holiday trips, it’s worth considering different travel options and their respective cost, both to the budget and the environment.I’ve compared several travel modes (with all assumptions made found here) — a small diesel car, electric car, bus, train or plane — for a door-to-door 300km [...]
Centre begins consultation on setting up national database on cooperatives
New Delhi, Dec 26 (PTI) The Centre has started a consultation process with various stakeholders on building a national database on cooperatives which will help in convergence of various schemes implemented by states and the central government as well as in establishing good governance and market orientation. Recently, the first meeting was held under the [...]
Domestic aluminium industry seeks reduction in basic custom duty on critical raw materials
New Delhi, Dec 26 (PTI) The domestic aluminium industry has sought reduction in basic custom duty and correction in inverted duty structure on critical raw materials, including pet coke, caustic soda, aluminium fluoride and alumina, to encourage cost competitiveness in the sector. The domestic aluminium industry, under representation from the Aluminium Association of India (AAI), [...]
RBL Bank MD & CEO Vishwavir Anuja steps down
New Delhi, Dec 26 (PTI) RBL Bank's Vishawvir Ahuja has stepped down as MD & CEO of the bank, and the bank has appointed Rajeev Ahuja as as the interim Managing Director and Chief Executive Officer of the bank with immediate effect. The Reserve Bank of India has also appointed its Chief General Manager Yogesh [...]
439 infra projects show cost overrun of Rs 4.38 lakh cr
New Delhi, Dec 26 (PTI) As many as 439 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.38 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects of Rs 150 crore and above. Of 1,679 [...]
Mutual funds add Rs 7-lakh crore to kitty in 2021; Omicron, rate hikes possible red flags for 2022
New Delhi, Dec 26 (PTI) Mutual Funds as an investment avenue won the confidence of investors in 2021 with the industry adding a staggering Rs 7 lakh crore to their asset base during the year on the back of buoyant equity markets and a bunch of large new fund offerings (NFOs), but the new year [...]
Amway looks to enhance exports of herbal, Ayurvedic products to South East Asian nations
New Delhi, Dec 26 (PTI) Direct selling major Amway is looking to enhance exports of herbal and Ayurveda-based products from India to South East Asian nations, according to company global CEO Milind Pant. The company is also working to develop new products and innovate in the areas of preventive health, nutrition and wellness to offer [...]
Retro Tax: Cairn drops lawsuits in US, UK; completing formalities in Paris, Netherlands
New Delhi, Dec 26 (PTI) Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the US and other places and is in the final stages of withdrawing cases in Paris and the Netherlands to get back about Rs 7,900 crore that were collected from it to enforce a retrospective [...]
Omicron situation, global trends to guide domestic equities this week: Analysts
New Delhi, Dec 26 (PTI) Stock markets are expected to see volatility this week due to potential risk from Omicron variant and monthly derivatives expiry, say analysts. "Markets will continue to see volatility and whipsaw-like movements as they respond to Omicron-related development and the monthly expiry," said Yesha Shah, Head of Equity Research, Samco Securities. [...]
Mcap of five of top-10 valued companies soars more than Rs 1 lakh cr
New Delhi, Dec 26 (PTI) Five of the 10 most valued companies added Rs 1,01,145.09 crore to their total market valuation last week, with Tata Consultancy Services and Reliance Industries Limited emerging as lead gainers. While Reliance Industries Limited, Tata Consultancy Services, Infosys, Hindustan Unilever Limited and Wipro were the gainers, HDFC Bank, ICICI Bank, [...]
Meghalaya, Assam firm up proposals under RDSS scheme
New Delhi, Dec 25 (PTI) REC Ltd on Saturday said that Meghalaya and Assam have become front-runners in terms of firming up their proposals under the Revamped Distribution Sector Scheme (RDSS), meant for the revival of discoms. "State governments of Meghalaya and Assam have become the frontrunners in planning their operational and financial reforms as [...]
BGE-BULLION-CLOSE
Bengaluru, Dec 25 (PTI) Closing bullion rates on Saturday Standard gold (99.5 purity) : Rs 49,700 per 10 grams Ornament gold : Rs 4,635 per gram Silverspot (.999 fineness) : Rs 63,600 per kg. PTI DVR APR APR
Adhunik Power emerges as preferred bidder for coal mine in J’khand
New Delhi, Dec 25 (PTI) Adhunik Power and Natural Resources Ltd has emerged as preferred bidder for Lalgarh (North) coal mine in Jharkhand. Auro Coal Pvt Ltd has emerged as preferred bidder for Beheraband North Extension coal block in Madhya Pradesh, the coal ministry said in a statement. The coal ministry had launched second attempt [...]
Lupin gets USFDA nod for generic product
New Delhi, Dec 25 (PTI) Drug firm Lupin on Saturday said it has received approval from the US health regulator to market Sevelamer Carbonate for Oral Suspension, used in the control of serum phosphorus with chronic kidney disease (CKD) on dialysis. The company has received approval from the United States Food and Drug Administration (FDA) [...]
Protean eGov Tech files IPO papers with Sebi
New Delhi, Dec 25 (PTI) Protean eGov Technologies (formerly known as NSDL E-Governance Infrastructure) has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The public issue is purely an offer of sale (OFS) of 1.2 crore equity shares, according to the draft red herring prospectus (DRHP). Those [...]
TN govt directs Foxconn to upgrade infra facilities for employees at unit in state
Chennai, Dec 2 (PTI): Electronic parts manufacturer Foxconn would commence operations at its facility in neighbouring Sriperumbudur and it has been advised to enhance basic infrastructure facilities provided to the employees, the Tamil Nadu government said on Saturday. The comments from the government come in the wake of employees resorting to a protest last week [...]
KOLKATA BULLION PRICES
Kolkata, Dec.25(PTI): OPENING CLOSING SILVER RDY.(BAR) : Rs.62,150.00 62,150.00 Per Kg.SILVER RDY.(PORTION) : Rs.62,250.00 62,250.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,950.00 48,850.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,450.00 46,350.00 Per 10 Gms.HALLMARKED GOLD (22-CT.) RDY. : Rs.47,150.00 47,050.00 Per 10 Gms. ---- PTI SAM
NCLAT stays CCI order imposing Rs 873 cr penalty on UBL, other beer makers
New Delhi, Dec 25 (PTI) The National Company Law Appellate Tribunal (NCLAT) has imposed a stay on the orders passed by the fair trade regulator CCI slapping penalties on several beer makers, including United Breweries Ltd that faces a fine of Rs 751.8 crore. Passing an interim order, a two-member NCLAT bench has directed parties, [...]
BGE-COMML-VEGETABLES
Bengaluru, Dec 25 (PTI) Following are Saturday's Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-6000, Brinjal 700-7000, Tomato 450-7000, Bitter Gourd 2500-6900, Bottle Gourd 2100-5000, Ash Gourd 1000-1700, Green Chilly 320-7500, Banana green 500-3000, Beans 400-8000, Green Ginger 500-4000, Carrot 1500-8000, Cabbage 300-5500, Ladies Finger 350-8600, Snake gourd 2500-4500, [...]
Boosted by localisation, Indian electronics manufacturing sector to touch Rs 7 lakh cr next fiscal
New Delhi, Dec 25 (PTI) Buoyed by the government's Rs 2.3 lakh crore policy push for self-reliant India, the domestic electronics manufacturing industry is expected to see 30 per cent growth in the next fiscal to be worth nearly Rs 7 lakh crore. While the government continues to make efforts to move up in the [...]
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