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Stock jumps 7% after it signs MoU with Coffee Board of India for high-quality coffee plants
The shares of the world’s second-largest micro-irrigation company gained up to 7 percent after the company signed a Memorandum of Understanding with the Coffee Board of India. With a market capitalization of Rs 4,670.27 crore, the shares of Jain Irrigation Systems Ltd were trading at Rs 69.97 per share, increasing around 5 percent as compared [...]
Infra stock hits 20% upper circuit after receiving construction order worth ₹ 13 Cr
The shares of this infrastructure developer company hit a 52-week high and 20 percent upper circuit limit to Rs.452.6 per share after securing orders worth more than Rs.13 crore for infrastructure development. Price Movement In Friday’s trading session, Sathlokhar Synergys E&C Global Limited's share price hit a 52-week high of Rs.452.6, representing a 20 percent [...]
Drone stock hit 5% upper circuit after winning contract worth ₹ 2.55 Cr from BDA
In Friday’s trading session, the shares of India’s leading Drone-as-a-Service and largest DGCA-certified drone pilot training company hit a 5% upper circuit at Rs. 299.6 on NSE, after the company won a contract worth Rs. 2.55 crore from Bangalore Development Authority (BDA). With a market capitalisation of Rs. 728.2 crores, the shares of Drone Destination [...]
Power stock jumps 17% after it sets record date for 1:1 bonus issue
Small Cap stock engaged in the business of erection, testing, commissioning, operation, and maintenance of boilers, power plants, sub-critical power projects, and many more jumped 17 percent in the day’s trade following bonus issue of 1:1 and fixing record date. Price Action With a market capitalization of Rs. 10,907 Crores, the shares of Power Mech [...]
Market leader stock in focus after signing MoU with US based company for Bio-ethylene plant
Market leader stock engaged in natural gas signs a Memorandum of Understanding (MOU) with Petron Scientech Inc for setting up a Bio-ethylene plant in India. Share Price Variation In Friday’s trading session, the share price of GAIL (Gas Authority Of India) Limited reached an intra-day high of Rs.235.55 per share from its previous close of [...]
Miniratna stock jumps 7.4% after receiving order worth ₹ 52.66 Cr from UP Police department
The shares of the leading neutral infrastructure provider gained up to 7.4 percent after the company received a new work order from the Uttar Pradesh Police Recruitment and Promotion Board worth Rs 52.66 crore. RailTel Corporation of India Ltd has a market capitalization of Rs 16,176.90 crore, the shares were trading at Rs 500.10 per [...]
Tyre stocks which reduced their debt by 40% to keep an eye on
Reducing debt in the tyre industry is crucial for enhancing financial stability and operational flexibility. Lower debt levels strengthen a company's balance sheet, enabling greater investment in growth and innovation. It also improves credit ratings, facilitates securing financing on better terms, and boosts investor confidence, which supports long-term growth. Here are three such Tyre companies [...]
Financially strong stock to buy now for an upside of 45%; Do you own it?
India's iron and steel industry is an important sector, accounting for over 2% of GDP and employing over 6 million people. It produces over 100 million tons of steel each year, making it the world's second-largest manufacturer. The industry benefits the infrastructure, automotive, and construction industries. With a market capitalization of Rs 23,223.77 crore, the [...]
Defence stock in which promoters increased their stake by 1.47%
With a market capitalization of Rs. 2,339 crores, the shares of this defence company started Friday’s trading session on a lower note at Rs. 1,781 compared to its previous close of Rs. 1,787.75. During the trading session, the shares hit a low of Rs. 1,762.50, losing around 1 percent and are currently trading at Rs. [...]
Hidden Gem: Stock with market share of 35% in highway maintenance services
Check out this Hidden Gem Stock which enjoys a clear leadership with a market share of ~30-35 percent in offering a complete range of highway operation and maintenance services and claims to be India’s largest maintenance company in the highway sector. Price Action With a market capitalization of Rs. 488 Crores, the shares of Markolines [...]
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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
Every 3rd informal worker registered on e-Shram, total enrollment cross 14 cr mark
New Delhi, Dec 25 (PTI) Every third informal sector worker in India is now registered on e-Shram portal with registration on the portal crossing the 14 crore mark in four months, Union minister Bhupender Yadav said on Saturday. The national database being created on e-Shram portal will eventually help the government to provide various social [...]
Kabra Extrusion Technik board approves raising Rs 301 cr for expansion
Mumbai, Dec 25 (PTI) The board of Kabra Extrusion Technik Ltd has approved a proposal to raise up to Rs 301 crore for the expansion of its future technologies brand Battrixx, the company said on Saturday. Of this, Rs 101 crore will be raised initially through issuance of warrants to promoters and foreign investors while [...]
Over 9,000 Utilisation Certificates of projects not submitted by Assam govt: CAG report
Guwahati, Dec 25 (PTI) Over 9,000 Utilisation Certificates of various projects and schemes of 52 departments of the Assam government from 2001-02 to 2018-19 have not been submitted, a CAG report said. More than 68 per cent of the 9,379 outstanding UCs are of the last four years since 2015-16, the Comptroller and Auditor General [...]
Assam govt to set up investment holding firm for oil & gas sector
Guwahati, Dec 24 (PTI) The Assam government on Friday announced it will set up an investment holding company to pump in money into oil, gas and fertilizer entities and manage those stakes. At a meeting of the state cabinet, it was decided to harness the benefit of certain investments in the oil and gas sector. [...]
Assam’s growth rate dips, fiscal deficit, debts rise: CAG
Guwahati, Dec 24 (PTI) Assam has recorded a decline in its growth rate while its fiscal deficit, outstanding debt and public debt have increased significantly at the end of 2019-20, a Comptroller and Auditor (CAG) report on state finance for the period said on Friday. The report, laid in the state Assembly on the last [...]
Flights resumption will boost people to people contact: Swiss diplomat
Kolkata, Dec 24 (PTI) SWISS airline, which is expected to connect Indian cities soon, will facilitate greater people to people contact and improve trade, help tourism and cultural exchange, a diplomat of the country said on Friday. The Switzerland-India relation is strong and will strengthened with greater bilateral trade between the two countries, increased tourism [...]
Lenders okay Darwin Platform’s bid to acquire Lavasa Corp
Mumbai, Dec 24 (PTI) Mumbai-based Darwin Platform Infrastructure Ltd (DPIL) on Friday said its bid to acquire Lavasa Corporation through the insolvency process has been approved by the debt-ridden firm's lenders. The resolution plan submitted by Darwin Platform received 97 per cent votes of the Committee of Creditors (CoC), banking and market sources said. At [...]
Cooperative farming can bring big change in life of farmers: R’sthan Guv
Kota (Rajasthan) Dec 24 (PTI) Cooperative farming can pave a way to big and positive change in the life of small-scale farmers as it goes with low-cost investment and brings larger production that fetches fair price of the produce to the farmers, Rajasthan Governor Kalraj Mishra said on Friday. He said this while virtually addressing [...]
CSC SPV expects 25 lakh people to file ITRs for FY21 through its 75k centres
New Delhi, Dec 24 (PTI) Government-promoted CSC SPV on Friday said it expects 25 lakh people to file income tax returns for the financial year 2020-21 through more than 75,000 of its centres across the country. With the income tax return filing deadline coming to an end on December 31, citizens can visit their nearest [...]
RBI imposes Rs 30 lakh penalty on MUFG Bank
Mumbai, Dec 24 (PTI) The Reserve Bank of India on Friday said it has imposed a penalty of Rs 30 lakh on MUFG Bank Ltd for non-compliance with the directions issued by it on “Loans and Advances -- Statutory and Other Restrictions”.The central bank has also imposed penalties on two cooperative banks for deficiencies in [...]
Business briefs
*BOB Financial Solutions, Indian Navy launch co-branded RuPay credit card New Delhi, Dec 24 (PTI) BOB Financial Solutions (BFSL) and the Indian Navy have launched a co-branded RuPay credit card for the defence personnel.BFSL, a wholly-owned subsidiary of Bank of Baroda, said the card will have contactless features and the navy personnel up to the [...]
Rourkela Steel Plant signs MoU with STPI
Bhubaneswar, Dec 24 (PTI) A memorandum of understanding (MoU) has been signed between Rourkela Steel Plant (RSP) in Odisha and Software Technology Park of India (STPI) for a centre of entrepreneurship (CoE) on emerging technologies. The MoU was signed on Thursday at an event in Bhubaneswar by RSP executive director (works) SR Suryawanshi and STPI [...]
Bullion rates
Bengaluru, Dec 24 (PTI): Closing bullion rates on Friday: Standard gold [99.5 purity] Rs 49,780 per 10 gram; ornamental gold Rs 4,642 per gram; silverspot [.999 fineness] Rs 63,500 per kg. PTI DVR NVG NVG
Sebi levies Rs 17-cr fine on Cals Refineries Ltd, its officials and one entity
New Delhi, Dec 24 (PTI) Markets regulator Sebi on Friday imposed fine totalling nearly Rs 17 crore on Cals Refineries Ltd, its officials and one entity in a matter relating to manipulation in the issuance of global depository receipts (GDRs). Cals Refineries had issued 78.8 lakh GDRs amounting to USD 200 million and the issue [...]
VST Tillers eyes Rs 1,000 cr revenue this fiscal
Mumbai, Dec 24 (PTI) VST Tillers Tractors, the country's largest manufacturer of power tillers meeting nearly two-thirds of demand, is expecting to close this fiscal with a record topline of Rs 1,000 crore on better sales of its cash-cow tillers and rising demand for its compact tractors. The Bengaluru-headquartered company, part of the VST Group, [...]
Centre imposes stock limits on soyameal till June 2022 to check price rise
New Delhi, Dec 24 (PTI) The Centre on Friday imposed stock holding limits on soyameal, which is used as a raw material in the poultry feed industry, till June 2022 to curb hoarding as well as check price rise. The limits will be in place till June 30, 2022 and an order in this regard [...]
ATL bags Karur transmission project to evacuate renewal power
New Delhi, Dec 24 (PTI) Adani Transmission (ATL) has bagged 400 kV Karur Transmission Project for evacuation of renewable power.Adani Transmission Ltd (ATL), India’s largest private sector power transmission company and part of the diversified Adani Group, has received the Letter of Intent (LoI) for the acquisition of Karur Transmission Ltd, a company statement said.According [...]
Govt imposes stock limits on soyameal till June 2022 to check price rise
New Delhi, Dec 24 (PTI) The Centre on Friday imposed stock holding limits on soyameal, which is used as a raw material in the poultry feed industry, till June 2022 to curb hoarding as well as check rise in domestic prices. The limits will be in place till June 30, 2022, an official statement said. [...]
Business briefs
*BOB Financial Solutions, Indian Navy launch co-branded RuPay credit card New Delhi, Dec 24 (PTI) BOB Financial Solutions (BFSL) and the Indian Navy have launched a co-branded RuPay credit card for the defence personnel.BFSL, a wholly-owned subsidiary of Bank of Baroda, said the card will have contactless features and the navy personnel up to the [...]
Anmi urges Sebi to reduce MF distributor registration charges for stockbroking public company
New Delhi, Dec 24 (PTI) Stockbrokers association Anmi on Friday said it has suggested markets regulator Sebi to reduce Amfi registration charges as mutual fund distributors under the stockbroking public limited company category.Brokers obtain registration as mutual fund distributors so that along with the services of equity trading, they can also provide the services to [...]
NEWSALERT
Government imposes stock holding limits on soyameal till June 30, 2022 to check price rise: Official statement. PTI LUX RAM
GST officers unearth Rs 150 cr cash at UP businessman house;search Shikhar pan masala premises
New Delhi, Dec 24 (PTI) GST officers on Friday searched residences of partners of UP-based Odochem Industries and unearthed over Rs 150 crore cash, along with factory premises of Shikhar brand Pan Masala manufacturer and a transporter on charges of under-invoicing and tax evasion. The factory premises of Trimurti Fragrance Pvt Ltd, manufacturers of Shikhar [...]
SIDBI signs MoU to develop MSME ecosystem in Bengal
Kolkata, Dec 24 (PTI) SIDBI has signed a memorandum of understanding with the government of West Bengal to develop the MSME ecosystem in the state, a SIDBI official said on Friday. As per the MoU a project management unit (PMU) of SIDBI will work with the state government. The PMU will support the West Bengal [...]
Business highlights
New Delhi, Dec 24 (PTI) Following are the top business stories at 1940 hours: DEL46 BIZ-LD RUPEE Rupee jumps to 3-week high of 75.03 against USD Mumbai: Continuing its winning streak for the seventh straight session, the rupee on Friday rose by 23 paise to a three-week high of 75.03 against the US dollar as [...]
Bengal advisor seeks urgent GST council meet to scrap tax hike in textile
Kolkata, Dec 24 (PTI) Amit Mitra, the advisor to West Bengal Chief minister Mamata Banerjee, on Friday requested Union Finance Minister Nirmala Sitharaman to hold an urgent meeting of the GST Council and rescind the seven per cent tax hike in the textiles sector to prevent job loss and closure of small units. The union [...]
Hexagon Nutrition files IPO papers to raise up to Rs 600 cr
New Delhi, Dec 24 (PTI) Hexagon Nutrition has filed preliminary papers with capital market regulator Sebi to raise up to Rs 600 crore through an initial public offering (IPO). Mumbai-based Hexagon Nutrition is a fully integrated company engaged in product development and marketing, including research and development and nutrition manufacturing.The company's public issue consists of [...]
Agra Nagar Nigam Joins Hands with TARA, the Alliance to End Plastic Waste and GoMassive to Fight Plastic Waste
Signs MoU to strengthen plastic waste pollution prevention programmes and minimize plastic waste leakage in the city of Agra Agra, Uttar Pradesh, India (NewsVoir) Agra Nagar Nigam (ANN), the municipal corporation of the city of Agra, signed a Memorandum of Understanding (MoU) with The Society for Technology & Action for Rural Advancement (TARA). The collaboration [...]
Author Sabarna Roy Awarded with ‘Critically Acclaimed Best Selling Author of the Year’ at Golden Glory Awards 2021
New Delhi, Delhi, India (NewsVoir) Sabarna Roy is an overachiever who gets felicitated with the “Critically Acclaimed Best Selling Author of the Year” at Golden Glory Awards 2021 presented by Brands Impact. The award was given to him by Malaika Arora at a glittering ceremony recently held in Mumbai. Roy’s extraordinary skill of touching all [...]
Hiking GST on handlooms, textiles from 5 to 12% will ring death knell for industry: TRS
Hyderabad, Dec 24 (PTI): The working president of ruling TRS in Telangana K T Rama Rao on Friday claimed that the enhancement of GST on handlooms and textiles from five to 12 per cent would be a death knell for the industry. Rama Rao, State Minister for Industries, urged Prime Minister Narendra Modi to intervene [...]
Spin to Win: MX Player is back with Real-World-Rewards gaming tournaments this Christmas
Win a chance to take home an LED TV, mobile phones or even a trip voucher worth 1 Lac by participating in the Games at MX Player’s Christmas Carnival Mumbai, 24 December 2021: With the holiday season on, India’s entertainment super app, MX Player is all set to spread happiness amongst its users with its [...]
Indian engineering exports to China doubles in November 2021
(Eds: Fixing typo in intro) Dec 24 (PTI) Engineering goods shipments to China have more than doubled in November, 2021 to USD 434.6 million (Rs 3,260 crore approximately) as compared to USD 205.3 million (Rs 1,540 crore) in the same month last year, sector export promotion body EEPC said on Friday. The US, however, remained [...]
Rupee jumps to 3-week high of 75.03 against USD
Mumbai, Dec 24 (PTI) Continuing its winning streak for the seventh straight session, the rupee on Friday rose by 23 paise to a three-week high of 75.03 against the US dollar as risk appetite improved in view of broader weakness in the greenback. At the interbank forex market, the local unit opened at 75.12 against [...]
UP Pitches Investor-friendly Policy Regime to Global Investors
State inks INR 500 Crore MoU with Sharaf Group as it concludes UP Week at India Pavilion Dubai, United Arab Emirates (NewsVoir) Shri Satish Mahana, Minister for Industrial Development, Government of Uttar Pradesh (UP) invited global investors to take advantage of the state’s vibrant policy-based governance approach and various land reforms that support investor needs. [...]
Axis Ecorp to invest Rs 100 cr to build luxury housing project in Maharashtra
New Delhi, Dec 24 (PTI) Realty firm Axis Ecorp will invest Rs 100 crore to develop a 25-acre luxury housing project in Maharashtra.The company will develop 150 serviced studio apartments, 70 luxury serviced villas and 100 build-to-suit plotted developments in this project, which is located at Shindhudurg district in Maharashtra and is near to the [...]
Forex reserves dip by USD 160 mn to USD 635.67 bn
Mumbai, Dec 24 (PTI) The country's foreign exchange reserves declined by USD 160 million to stand at USD 635.667 billion in the week to December 17, RBI data showed on Friday. In the previous week ended December 10, the reserves had decreased by USD 77 million to USD 635.828 billion. It touched a lifetime [...]
UK start-up Ribbon PLC launches money services ‘super-app’ for NRIs
London, Dec 24 (PTI) A UK-based start-up catering to the financial needs of non-resident Indians (NRIs) has announced the launch of a digital financial services “super-app” for personalised multi-currency money services for Indians across the globe. Ribbon PLC said this week that the aim of the service is to make transferring money, investing, and trading [...]
Data Patterns shares zoom 29 pc in debut trade
New Delhi, Dec 24 (PTI) Shares of Data Patterns (India) Ltd, which supplies electronic systems to defence and aerospace sector, on Friday listed with nearly 48 per cent higher against the issue price of Rs 585 and settled with 29 per cent gains. The stock listed at Rs 864, reflecting a premium of 47.69 per [...]
Malaika Arora and other B-Town Celebs Add Glamour to Brands Impact’s Golden Glory Awards ’21
Mumbai, Maharashtra, India (NewsVoir) Following the successful edition in 2019, Brands Impact, one of the leading events and branding companies in India organized the second edition of the Golden Glory Awards 2021 at Hotel Leela, Mumbai. The awards are meant to acknowledge and bring forward the extraordinary journeys of individuals, professionals & companies that are [...]
China condemns US law banning imports from Xinjiang
Beijing, Dec 24 (PTI) China on Friday expressed firm opposition to the new US law that restricts imports from its volatile Xinjiang province over the allegations of forced labour against Uyghur Muslims, saying it violated international laws and interfered in its internal affairs. US President Joe Biden on Thursday signed the Uyghur Forced Labour Prevention [...]
Okaya Electric Vehicle launches high-speed e-scooter Faast
Mumbai, Dec 24 (PTI) Okaya Electric Vehicles on Friday said it has launched high-speed e-scooter Faast at an introductory price of Rs 89,999 (before subsidies) at the EV Expo 21 held at Greater Noida.The company also announced the opening of bookings with an initial payment of Rs 1,999 through the Okaya EV website or at [...]
Energia Lifestyles by Sangeeta Ahir Expands its Portfolio by Adding 5 New Brands and Revolutionizes the Fitness Retail Sector in India at IHFF
Mumbai, Maharashtra, India (NewsVoir) Energia Lifestyles is passionately driven to bring fitness in the form of the highest quality raw materials together to construct the finest range of supplements. Since its founding, Energia Lifestyle has experienced a meteoric rise in popularity and has become the go-to choice for fitness supplements of gym-goers across the country. [...]
Business briefs
*BOB Financial Solutions, Indian Navy launch co-branded RuPay credit card New Delhi, Dec 24 (PTI) BOB Financial Solutions (BFSL) and the Indian Navy have launched a co-branded RuPay credit card for the defence personnel.BFSL, a wholly-owned subsidiary of Bank of Baroda, said the card will have contactless features and the navy personnel up to the [...]
Tecno launches the all-new CAMON 18 with 48MP selfie and 48MP rear camera along with a virtual RAM expansion upto 7GB at Rs.14999
● Priced at INR 14,999, CAMON 18 sports a segment first 48 MP Ultra Clear Selfie camera with 48MP AI Triple rear camera powered by TAIVOSTM ● Consumers can avail free complimentary Buds 2 worth INR 1999 with every purchase of CAMON 18 ● TECNO CAMON 18 will be available across brand’s 50K+ retail touchpoints [...]
Kisan Credit Card in fisheries sector to help fishermen meet working capital requirement
New Delhi, Dec 24 (PTI) The government on Friday said the facility of Kisan Credit Card (KCC) in the fisheries sector will help fishermen and farmers in meeting their working capital requirement.The department of fisheries under the Ministry of Fisheries, Animal Husbandry and Dairying organised a webinar on 'Nation-Wide Campaign on Kisan Credit Card (KCC) [...]
PRICES MUM GENERAL
MUMBAI, DEC 24 (PTI) CLOSING RATES SILVER SPOT (IN RS PER KILO) : 61883.00 STANDARD GOLD (99.5) : 48071.00 PURE GOLD (99.9) : 48264.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62150.00 RS. PER KG.SILVER RDY.(PORTION) : 62250.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48950.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46450.00 RS. [...]
Govt to soon finalize proposal to decriminalize Legal Metrology Act: Goyal
The centre will soon finalize a proposal to decriminalize the Legal Metrology Act to reduce compliance burden for businesses and consumers.The government has come out with rules on mediation, direct selling and misleading advertisements.Consumer Affairs Secretary Leena Nandan, Additional Secretary Nidhi Khare and Joint Secretary Anupam Mishra were among others present in the virtual meeting. [...]
Sensex snaps three-day winning run as pre-Christmas rally runs out of steam
Mumbai, Dec 24 (PTI) Equity indices nursed losses on Friday after a three-session rising streak as selling in banking, finance and power stocks offset continued outperformance by the IT pack. Unabated selling by foreign investors and a muted trend overseas also weighed on bourses, traders said. After a choppy session, the 30-share BSE Sensex ended [...]
Sebi to auction properties of Sun Plant Agro, Sun Plant Business next month
New Delhi, Dec 24 (PTI) To recover investors' money, markets regulator Sebi will auction next month 18 properties of Sun Plant Agro and Sun Plant Business, which had raised money illegally from the public for a reserve price of over Rs 12 crore.These properties are land parcels spread across West Bengal, the Securities and Exchange [...]
Indian engineering exports to China doubles in November 2021
Dec 24 (PTI) Engineering goods shipments to China has more than doubled in November, 2021 to USD 434.6 million (Rs 32,60 crore approximately) as compared to USD 205.3 million (Rs 1540 crore) in the same month last year, sector export promotion body EEPC said on Friday. The US, however, remained the top importer of Indian [...]
GMR Group inks shareholders’ agreement with Indonesia’s Angkasa Pura II for Medan Airport
Mumbai, Dec 24 (PTI) Infrastructure major GMR Group said on Friday it has signed shareholders agreement with Indonesia's Angkasa Pura II for the development of Medan Airport on December 23. GMR Airports, a part of the GMR group, had in November won the bid for this high growth potential brownfield airport, through a closely contested [...]
Canara Bank raises Rs 2,500 crore through bonds
New Delhi, Dec 24 (PTI) Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.The bank has successfully raised Basel-III compliant tier-II series I bonds, Canara Bank said in a regulatory filing."Our bank came out with the issuance of Rs 2,500 crore of [...]
Price of commodities
Bengaluru, Dec 24 (PTI): Following are commodities prices. (All rates in Rs/quintal): Rice Fine 4,400-5,000; Medium 4,000-4,800; Jowar 2,200-2,800; Jaggery Cube 4,200-4,600;Jaggery Ball 4,600-4,700; Coriander Seed 9,500-14,500; Chillis Fine 40,000-44,000;Potato Big 2,500-3,000; Medium 800-2,200; Onion Big 3,000-3,500; Medium 2,000-3,000; Small 1,000-2,000; Tamarind 9,000-11,000; Garlic 2,500-6,000; Horsegram 4,000-4,600; Wheat 2,500-3,500;Turmeric 9,500-15,000; Turdhal 9,000-10,000; Green Gram Dhal [...]
ThriveDX Hosts Inaugural Capture the Flag (CTF) Cyber Competition with CSA Singapore
The bootcamp was attended by 180 high school students to get younger students interested in cybersecurity as a profession New Delhi, Delhi, India (NewsVoir) ThriveDX and the Cyber Security Agency of Singapore (CSA) successfully organised the A.YCEP bootcamp and the inaugural Capture The Flag (CTF) competition from 13th December to 15th December, 2021 in Singapore [...]
Rusha and Blizza Looks Forward to 2022 With Their New Sound Design EP Better Future Frequencies
New Delhi, Delhi, India – Business Wire India Among the most reliable and cerebral music producers in India right now, New Delhi duo Rusha & Blizza have wasted little time while transcending to global repute with their EPs. Paurush Kumar (Rusha) and Aman Khare (Blizza) may have sparked a conversation on a whim a decade [...]
Five Reasons to Celebrate Christmas on a Cruise
Mumbai, Maharashtra, India (NewsVoir) Looking for a unique way to spend your Christmas holidays? Imagine sipping a cocktail and enjoying Christmas treats on the open deck of a cruise ship that takes you to some of the world’s most beautiful destinations! To enjoy a unique holiday season away from the bustle of crowded shopping malls, [...]
Railways to monetise New Jalpaiguri Barrack colony
Kolkata, Dec 24 (PTI) Indian Railways as part of its ongoing monetising efforts, has invited bids for the redevelopment of existing railway housing complex as well as the development of commercial and residential space at Barrack Colony, New Jalpaiguri in West Bengal, an official said Rail Land Development Authority (RLDA), under the Ministry of Railways, [...]
Vegetable prices
Bengaluru, Dec 24 (PTI) Following are vegetable rates quoted at Agriculture Produce Marketing Committee (APMC). Rates per quintal: Cauliflower 1,000-6,000; Brinjal 700-7,000; Tomato 450-6,000, Bitter Gourd 2,500-6,900; Bottle Gourd 2,100-5,000; Ash Gourd 1,000-1,700; Green Chilli 320-7,500; Banana Green 500-20,000; Beans 400-8,000; Green Ginger 500-4,000; Carrot 1,500-8,000; Cabbage 300-5,000; Ladies Finger 350-8,600; Snakegourd 2,500-4,000; Beetroot 1,000-8,000; [...]
Gold climbs Rs 57; silver gains Rs 183
New Delhi, Dec 24 (PTI) Gold price in the national capital on Friday gained Rs 57 to Rs 47,263 per 10 gram tracking firm international trends, according to HDFC Securities.In the previous trade, the precious metal settled at Rs 47,206 per 10 gram."Spot gold prices for 24 carat at Delhi were trading up by Rs [...]
Aditya Birla Money allots 16 lakh non-convertible preference shares to promoter
New Delhi, Dec 24 (PTI) Aditya Birla Money has allotted 16 lakh non-convertible preference shares to its promoter Aditya Birla Capital for Rs 80 crore, the company said on Friday.The board of directors of Aditya Birla Money has approved and allotted 16,00,000 (4 per cent) non-cumulative non-convertible redeemable preference shares at an issue price of [...]
Daimler India breaches pre-Covid levels with record exports
Chennai, Dec 24 (PTI): Daimler India, the 100 per cent subsidiary of Stuttgart-based Daimler has breached pre-Covid levels on its exports, up more than 10 per cent form previous record, the commercial vehicle maker said on Friday. Since the beginning of 2021, Daimler India Commercial Vehicles said it has set a record by shipping over [...]
Areca, coconut prices
Mangaluru, Dec 24 (PTI): Following are areca and coconut prices: Areca (per quintal) Old Supari : Rs 49,000 to Rs 53,000 model Rs 51,500 New Supari : Rs 38,000 to Rs 45,000 model Rs 43,000 Koka : Rs 35,000 to Rs 40,000 model Rs 37,500 Coconut [per thousand]: 1st quality : Rs 20,000 to Rs [...]
Rupee gains 24 paise to close at 75.02 against US dollar
Mumbai, Dec 24 (PTI) The rupee surged 24 paise to close at 75.02 (provisional) against the US dollar on Friday, extending its gains for the seventh straight day, as risk appetite improved amid easing fears of fallout from the Omicron coronavirus variant. At the interbank forex market, the local unit opened at 75.12 against the [...]
Comm Min for imposing anti-dumping duty on a chemical from 4 nations
New Delhi, Dec 24 (PTI) The commerce ministry's investigation arm DGTR has recommended imposition of anti-dumping duty on caustic soda, used in diverse industrial sectors, for five years from Japan, Iran, Qatar and Oman, to guard domestic players from cheap imports.The Directorate General of Trade Remedies (DGTR) has recommended the duty after concluding in its [...]
Sensex drops 191 pts; Nifty ends near 17,000 level
Mumbai, Dec 24 (PTI) The BSE benchmark Sensex tumbled 191 points on Friday, tracking losses in index-heavyweights HDFC twins, Kotak Bank and Axis Bank amid mixed cues from global markets. After a choppy session, the 30-share index ended 190.97 points or 0.33 per cent lower at 57,124.31. Similarly, the NSE Nifty declined 68.85 points or [...]
METAL PRICES
MUMBAI, DEC 24 (PTI) :- COPPER COPPER CABLE SCRAP 730.00 COPPER HEAVY SCARP 718.00 COPPER ARMATURE (CREDIT) 697.00 COPPER UTENSIL SCRAP 635.00 C.C. ROD 770.00 BRASS BASS SHEET CUTTING 547.00 BRASS UTENSIL SCRAP 480.00 BRASS HONEY 468.00 ALUNINIUM ALU. UTENSIL SCRAP 176.00 ALU. EXT SCRAP 200.00 ALU. INGOTS. 229.00 OTHER GUN METAL SCRAP 520.00 ZINC [...]
ESIC scheme adds 12.19 lakh new members in October
New Delhi, Dec 24 (PTI) Around 12.19 lakh new members joined the ESIC-run social security scheme in October this year as against 13.57 lakh in the previous month, official data showed on Friday, giving a perspective on formal sector employment in the country. The latest data is part of a report released by the National [...]
BofA expects 8.2% GDP growth next fiscal with more downside risks
Mumbai, Dec 24 (PTI) Warning that the new year will be riskier than the previous two in terms of growth, inflation and the perils of monetary policy normalisation on consumption demand in particular, along with other external risks, a Wall Street brokerage has pencilled in an 8.2 per cent GDP growth next fiscal, with more [...]
KOLKATA BULLION CLOSING
Kolkata, Dec.24(PTI): SILVER RDY.(BAR) : Rs.62,150.00(62,200.00) Per Kg.SILVER RDY.(PORTION) : Rs.62,250.00(62,300.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,950.00(48,950.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,450.00(46,450.00) Per 10 Gms.HALLMARKED GOLD (22-CT.) RDY. : Rs.47,150.00(47,150.00) Per 10 Gms. ---- PTI SAM
Honasa Consumer acquires Mompresso for undisclosed amount
New Delhi, Dec 24 (PTI) Honasa Consumer Pvt Ltd (HCPL) on Friday said it has acquired female-oriented content platform Momspresso and associated influencer-engagement platform Momspresso MyMoney for an undisclosed amount. HCPL is the parent company of Mamaearth and The Derma Co. With the acquisition, Momspresso and MyMoney will provide HCPL with a platform to connect [...]
MUMBAI OILSEEDS PRICES
MUMBAI, DECEMBER 24, (PTI) - OIL SEEDS (per 100 Kgs) Gr. Kernel 6425.00 Gr. Bolds 60/70 8600.00 Gr. Javas 60/70 9400.00 Gr Javas 70/80 9200.00 Gr.Javas 80/90 9000.00 Kardiseed 2pct Crug/Expor Qly 5900.00 Seasameseed Whitish 98/2/FFA/1FM 9700.00 Whitish 95/5/FFA/1FM 9500.00 Brown 48/2 FFA/4 FM 9100.00 Brown 48/3 FFA/4 FM 9000.00 Brown 48/4 FM/* No FFA [...]
India’s monetary policy financially inclusive by design: RBI DG Patra
Mumbai, Dec 24 (PTI) The country's monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximization going ahead, Reserve Bank of India's Deputy Governor Michael D Patra said on Friday. Speaking at an event organised at Indian Institute of Management (IIM), Ahmedabad, he said monetary policy maximises [...]
‘Roastea’ – A Gujarat Based Complete Beverage Company Eyes Unprecedented Growth across India
Ahmedabad, Gujarat, India (NewsVoir) Indian startups have been in focus for quite a while. Young entrepreneurs with a thirst for innovations are reaching the zenith of success by adding value to the overall startup ecosystem. One such startup which is brimming with success is Roastea. What started as an idea at a law firm back [...]
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
COVID-19 takes sheen off entrepreneurial activities in country: Survey
Ahmedabad, Dec 24 (PTI) The COVID-19 pandemic has taken its toll on the entrepreneurial activities in the country with the total early-stage entrepreneurial activity declining to 5.34 per cent in 2020-21, as compared to 15 per cent in the previous year. According to the Global Entrepreneurship Monitor (GEM) India Survey conducted by Entrepreneurship Development Institute [...]
Immense possibilities of increasing calf population using IVF tech: Rupala
New Delhi, Dec 24 (PTI) Union Minister Parshottam Rupala on Friday said there are immense possibilities of revenue generation and a sustainable model of production of calves through IVF technology.Cattle breeders are using in vitro fertilisation (IVF) to maximize pregnancy rates. This is the process of harvesting oocytes from donor cows and creating embryos by [...]
Automation Anywhere to Acquire FortressIQ to Reimagine Intelligent Automation
Redefining the future of AI-powered intelligent automation and process discovery BANGALORE, India, Dec. 24, 2021 /PRNewswire/ -- Automation Anywhere, a global leader in robotic process automation (RPA), today announced that it has entered into a definitive agreement to acquire cloud pioneer FortressIQ, a leading process discovery and mining company based in San Francisco. Combining FortressIQ [...]
Copper futures decline on tepid spot demand
New Delhi, Dec 24 (PTI) Copper prices on Friday fell 0.01 per cent to Rs 749.45 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 December was trading lower by 10 paise, or 0.01 per cent, at Rs 749.45 [...]
Hero Insurance Broking launches Employee Benefits offering for corporates
A completely digital policy management platform: HeroCare NEW DELHI and MUMBAI, India, Dec. 24, 2021 /PRNewswire/ -- Hero Insurance Broking today announced the launch of its Employee Benefits Line of Business. It will provide customised insurance solutions to secure health and life of employees, at medium and large-sized corporates. This unique medley of service and [...]
Crude oil futures dip on weak spot demand
New Delhi, Dec 24 (PTI) Crude oil prices on Friday fell by Rs 7 to Rs 5,529 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for January delivery dropped by Rs 7, or 0.13 per cent, to Rs 5,529 per barrel with a business volume of 7,409 lots. Analysts [...]
Pre-owned vehicle mkt in India likely to reach 8.2 mn units by FY’26: Report
Mumbai, Dec 24 (PTI) Pre-owned vehicle market in India is expected to reach 8.2 million units by FY'26 from around 4 million units in the financial year ended March 2021, driven by higher demand from smaller cities coupled with increasing new vehicle prices and customers' changing preferences, a report said on Friday. It also said [...]
Nickel futures gain on firm spot demand
New Delhi, Dec 24 (PTI) Nickel prices on Friday increased by 0.02 per cent to Rs 1,545.90 per kg in futures trade, as speculators built up fresh positions amid rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for January delivery gained 30 paise, or 0.02 per cent, to [...]
Aluminium futures up on spot demand
New Delhi, Dec 24 (PTI) Aluminium prices on Friday rose by 0.2 per cent to Rs 227.65 per kg in futures trade as speculators built up fresh positions amid a positive trend in spot market. On the Multi Commodity Exchange, aluminum contracts for January delivery gained 45 paise, or 0.2 per cent, to Rs 227.65 [...]
Zinc futures down on muted demand
New Delhi, Dec 24 (PTI) Zinc prices on Friday fell by 0.28 per cent to Rs 287.35 per kg in futures trade, as speculators reduced their exposure taking negative cues from spot market. On the Multi Commodity Exchange, zinc contracts for December delivery traded lower by 80 paise, or 0.28 per cent, to Rs 287.35 [...]
Gold futures gain on spot demand
New Delhi, Dec 24 (PTI) Gold prices on Friday rose by Rs 73 to Rs 48,225 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 73, or 0.15 per cent, to Rs 48,225 per 10 [...]
Silver futures drop on subdued demand
New Delhi, Dec 24 (PTI) Silver futures on Friday eased by Rs 12 to Rs 62,299 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 12, or 0.02 per cent, to Rs 62,299 per kg in a business turnover of 10,704 [...]
EcoFlow plans to make foray in India next year
Panaji, Dec 24 (PTI) Portable power and renewable energy solutions firm EcoFlow is planning to enter the Indian market next year, a top official of the company said. “The strong showing of support from our customers have enabled us to expand our presence at a fast pace,” said Jenny Zhang, Global Marketing Head, EcoFlow. She [...]
DIRECT EXCHANGE RATES-SBI
MUMBAI, DEC 24 (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 83.70 86.54 83.64 86.71 GBP/INR 99.14 102.32 99.06 102.53 JPY/INR 64.62 66.83 64.57 66.96 [...]
Mphasis’ UK subsidiary inks deal with Ardonagh; acquires 51 pc in Mrald Ltd
New Delhi, Dec 24 (PTI) IT firm Mphasis on Friday said it has signed an agreement with UK-based Ardonagh, wherein its subsidiary has acquired 51 per cent stake in a shared services entity Mrald Ltd (MRL). Mphasis, in the year 2020, had announced a deal with the Specialty Broking Segment of The Ardonagh Group, UK [...]
SBI Card raises Rs 650 crore via bond issue
New Delhi, Dec 24 (PTI) SBI Cards and Payment Services (SBI Card) on Friday said it has raised Rs 650 crore by issuing bonds on a private placement basis. "We hereby inform that stakeholders' relationship and customer experience committee of the company has approved the allotment of 6,500 fixed rate, unsecured, rated, taxable, redeemable, senior, [...]
Soybean futures rise on fresh bets
New Delhi, Dec 24 (PTI) Soybean prices on Friday gained Rs 38 to Rs 6,250 per quintal in futures market as traders created fresh positions tracking positive spot demand.On the National Commodity and Derivatives Exchange, soybean for January delivery rose by Rs 38, or 0.61 per cent, to Rs 6,250 per quintal with an open [...]
MUMBAI: Dec 24, 2021 Money Market Operations as on December 23, 2021 (Amount in ? crore, Rate in
Per cent) MONEY MARKETS@ Volume(One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 504,302.97 3.56 1.00-5.55 I. Call Money 8,255.25 3.44 2.00-3.90 II. Triparty Repo 397,648.00 3.54 3.24-3.68 III. Market Repo 98,336.72 3.65 1.00-3.80 IV. Repo in Corporate Bond 63.00 5.55 5.55-5.55 B. Term Segment I. Notice Money** 799.68 3.24 2.60-3.75 II. Term Money@@ [...]
Rising demand lifts refined soya oil futures
New Delhi, Dec 24 (PTI) Refined soya oil prices on Friday rose by Rs 5 to Rs 1,170 per 10 kg in futures trade as speculators raised their bets.On the National Commodity and Derivatives Exchange, refined soya oil for January delivery moved up by Rs 5, or 0.43 per cent, to Rs 1,170 per 10 [...]
Guar seed futures decline on low demand
New Delhi, Dec 24 (PTI) Guar seed prices on Friday declined by Rs 40 to Rs 6,150 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for January delivery was trading lower by Rs 40, or 0.65 per cent, at Rs 6,150 per 10 quintal with an open interest [...]
Guar gum futures fall on low demand
New Delhi, Dec 24 (PTI) Guar gum prices on Friday fell by Rs 93 to Rs 11,175 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 fell by Rs 93, or 0.83 per cent, [...]
Coriander futures decline on low demand
New Delhi, Dec 24 (PTI) Coriander prices on Friday fell by Rs 80 to Rs 8,530 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 80, or 0.93 per cent, to Rs 8,530 per quintal [...]
Cottonseed oil cake futures fall on soft demand
New Delhi, Dec 24 (PTI) Cottonseed oil cake prices on Friday declined by Rs 15 to Rs 2,838 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.Analysts said sell-off by participants at existing levels amid subdued trend in spot market mainly weighed on cottonseed oil cake prices.On [...]
PRICES MUM GENERAL
MUMBAI, DEC 24 (PTI) OPENING RATES SILVER SPOT (IN RS PER KILO) : 61843.00 STANDARD GOLD (99.5) : 48087.00 PURE GOLD (99.9) : 48280.00 CALCUTTA BULLION :- SILVER RDY.(BAR) : 62200.00 RS. PER KG.SILVER RDY.(PORTION) : 62300.00.00 RS. PER KG.GOLD (24 CARAT) RDY. : 48950.00 RS. PER 10 GMS.GOLD (22 CARAT) RDY. : 46450.00 RS. [...]
India’s monetary policy financially inclusive by design: RBI DG Patra
Mumbai, Dec 24 (PTI) The country's monetary policy is, by design, financially inclusive and this strategy will result in policy effectiveness and welfare maximisation going ahead, Reserve Bank of India's Deputy Governor Michael D Patra said on Friday. Financial inclusion appears to have gone up, with the level of the RBI's financial inclusion index rising [...]
US waives in-person interviews for range of visas, including H-1B, for 2022: State Dept
Washington, Dec 24 (PTI) Amid growing concerns of surging COVID-19 cases, the US has announced that it will waive the in-person interview requirement for a range of visa applicants during the entire year in 2022, including for H-1B workers and students, many of whom are from India.The H-1B visa is a non-immigrant visa that allows [...]
KOLKATA BULLION OPENING
Kolkata, Dec.24(PTI): SILVER RDY.(BAR) : Rs.62,200.00 Per Kg.SILVER RDY.(PORTION) : Rs.62,300.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.48,950.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,450.00 Per 10 Gms.HALLMARKED GOLD(22-CT)RDY.: Rs.47,150.00 Per 10 Gms. ---- PTI SAM
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