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Tata group stock to buy now for an upside of 30%; Are you holding it?
In the trading session of Thursday, the shares of a global leader in IT services, consulting and business solutions surged 5.5 percent to hit an intraday high at Rs. 4,564 on BSE, as against its previous closing price of Rs. 4,551.7, having a market capitalisation of Rs. 16.2 lakh crores. Brokerage Target International brokerage firm [...]
Logistics stock hits 20% upper circuit after company to buyback shares
Leading Logistics player engaged in providing an array of end-to-end logistics and supply chain solutions in India and SAARC countries hit a 20 percent upper circuit in the day’s trade following consideration for Buyback of equity shares of the firm. Price Action With a market capitalization of Rs. 8,842 Crores, the shares of Transport Corporation [...]
How will Paytm benefit from selling its ticketing business to Zomato?
In Thursday’s trading session, the shares of a company that owns the brand India’s leading payments and financial services distribution company ‘Paytm’ surged 5.5 percent to Rs. 604.45 on BSE, after the company agreed to sell its Entertainment Ticketing business to Zomato for Rs. 2,048 crore cash. With a market capitalisation of Rs. 36,595.3 crores, [...]
FMCG stock jumps after signing MoU with TN Govt. worth ₹ 400 Cr to set up new plant
The shares of this largecap company jumped around 2 percent after signing an MoU with the Government of Tamil Nadu to set up a manufacturing plant. On a YTD the stock has delivered more than 15 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 1,14,190 crores, the shares of Dabur [...]
Ashish Kacholia stock hits 20% upper circuit after unveiling new workspaces in Bengaluru
Shares of this workspace solution provider hit a 52-week high and a staggering 20 percent upper circuit limit to Rs.945.7 per share after launching two new workspace centres in Bengaluru. Price Movement In Thursday’s trading session, the share price of Awfis Space Solutions reached a 52-week high of Rs.945.7 per share and hit a massive [...]
AI stock to buy now for an upside of more than 15%; Are you holding it?
Shares of the AI company specializing in cloud and cognitive services surged nearly 4 percent after Nuvama upgraded its recommendation to buy the stock. Price Movement In Thursday's trading session, the share price of Mphasis Limited surged to an intra-day high of Rs.3,152.3 per share, rising 3.85 percent from its previous close of Rs.3,035.7 apiece. [...]
Transformer stock hits 5% upper circuit after receiving export orders worth $16.8 Mil
Transformer stock engaged in designing and manufacturing the entire range of transformers viz Power, Distribution, Furnace, Rectifier Transformers, and many more, hit a 5 percent upper circuit in the day’s trade upon receiving a prestigious export order worth $16.8 Million Price Action With a market capitalization of Rs. 10,662 Crores, the shares of Transformers and [...]
Stock jumps 3% after company to acquire Paytm’s entertainment ticketing business for ₹ 2,048 Cr
The shares of the large-cap company gained up to 3 percent after the company signed a share purchase agreement to acquire Paytm's entertainment ticketing business for Rs 2,048 crore. With a market capitalization of Rs 2.29 lakh crore, the shares of Zomato Ltd were trading at Rs 260.00 per share, increasing around 0.50 percent as [...]
Mid cap stock jumps 8% after company’s promoter buys stake worth ₹ 3,585 Cr
Shares of this jewelry stock surged nearly 8 percent after Highdell Investment sells 2.36 percent of its stake to the company’s promoters. In total, 6.6 crore shares were exchanged across five block deals. Price Movement In Thursday's trading session, the share price of Kalyan Jewellers India Limited surged to an intra-day high of Rs.589.9 per [...]
Defence stock hits 5% upper circuit after receiving license to manufacture defence products
The shares of this small company clocked a 5 percent upper circuit in Thursday’s trading session after receiving a license to make key defence products. In just six months the stock has delivered more than 70 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 4,992 crores, the shares of Paras [...]
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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
Lazypay concludes 2021 with a bang: onboards ~28,000 new merchants across different segments
- Adds 150,000 new users every month in 2021 as demand for deferred payments in India increases Key highlights of 2021: • Onboards ~28,000 new merchants through direct integration and partnership with leading aggregators • Disbursed more than INR 250 crores worth of credit every month • 5 million transactions every month in 2021 • [...]
Anukrti Upadhyay’s Kintsugi wins the Sushila Devi Award 2021 for the best book of fiction by a woman author
NEW DELHI, Dec. 24, 2021 /PRNewswire/ -- HarperCollins India is delighted to announce that Anukrti Upadhyay has won the Sushila Devi Award 2021 for the Best Book of Fiction for her critically acclaimed novel, Kintsugi, which was published under its prestigious Fourth Estate imprint. The Ratanlal Foundation and the organizing Committee of the Bhopal Literature [...]
TVS Motor Company Announces Race Performance Series, Inspired from TVS Racing’s Race Machine Lineage
Hosur, Tamil Nadu, India (NewsVoir) • RP series to be introduced in the TVS Apache series • TVS Apache RTR 165 RP is the first product to be launched in the RP series product portfolio TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, today announced the Race Performance (RP) series [...]
Govt mandates telcos to keep call data, internet usage record for minimum 2 years
New Delhi, Dec 24 (PTI) Department of Telecom (DoT) has extended the duration of archiving call data and internet usage records of subscribers to two years from one year due to security reasons. The amendments in the licences were issued on December 21 and extended to other forms of telecom permits on December 22. "The [...]
Understanding Heart Failure – The first step to manage Heart Failure and live quality life.
As per the estimates, there are 8-10 million Heart Failure patients in the country and about 23% of them die within a year of diagnosis, due to low awareness about the disease. There is a lot of ambiguity when it comes to understanding heart failure. The disease is often confused with heart attack, or its [...]
Attero to invest Rs 300 cr to ramp up lithium-ion battery recycling capacity to 11,000 tons
New Delhi, Dec 24 (PTI) E-waste recycling firm Attero is planning to invest Rs 300 crore in a bid to increase its existing lithium-ion battery recycling capacity by 11 times to 11,000 tons by the end of 2022, a top company official said. According to the market estimates, India generates more than 50,000 tons of [...]
Impatient to grow in India, HSBC to acquire L&T MF for USD 425 mn
HSBC to emerge as the 12th largest fund house in India once it acquires L&T mutual fund for 3,192 crores, approximately.HSBC is looking for growth and they trust India and consider it to be a growth market.This acquisition is happening at a time when many global institutions have fully or partly exited from the financial [...]
AbbVie in India* Receives Great Place to Work® Certification
Bangalore, Karnataka, India – Business Wire India • Certification from the Great Place to Work® Institute recognizes AbbVie in India for excellence in building a high trust culture and workplace environment • Parameters measured include credible management, respect for people, fairness at the workplace, pride in work and camaraderie between people AbbVie in India* has [...]
Data Patterns shares list at nearly 48% premium
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 gains against the issue price of Rs 585. The stock listed at 864, reflecting a premium of 47.69 per cent from the issue price on BSE. Shares [...]
Sales Worth 1000 Crores Were Recorded by Rustomjee Crown, an Uber Luxury Real Estate Project in Prabhadevi
Mumbai, Maharashtra, India – Business Wire India As per records from April 2021 to December 2021, Rustomjee Crown has recorded 37% of the total registrations in South Mumbai among the top players in the premium luxury segment of the branded real estate sector. As per the sales records, Rustomjee Crown registered 105 apartments out of [...]
Centre Systems Group Secures its First Major Investment, Expands Platform onto Diverse Domains
Dubai, United Arab Emirates (NewsVoir) With the markets recovering from post-COVID situations, organizations are in a race to reassess, revamp, rebuild their businesses. When it comes to Resilience management demand continues to outplace supply as risks are rarely predictable. Centre Systems Group, the UAE based Disruptive technology company; has been focused on helping firms secure [...]
Adani Announces Annual Prize for Social Enterprise
- Winners to be chosen from India and the developing world - Funding of Rs 5 Crore for Five Social Entrepreneurs AHMEDABAD, India, Dec. 24, 2021 /PRNewswire/ -- • Adani Prize for Social Enterprise will fund social upliftment projects in India and the developing world • Annual prize will provide up to Rs 5 Crore [...]
Rupee gains 14 paise to 75.12 against US dollar in early trade
Mumbai, Dec 24 (PTI) The rupee appreciated 14 paise to 75.12 against the US dollar in opening trade on Friday, as risk appetite improved amid easing fears of fallout from the Omicron coronavirus variant. At the interbank foreign exchange, the rupee opened strong at 75.12 against the American dollar, registering a rise of 14 paise [...]
Brighter days await renewable energy space; investments likely to cross USD 15 billion in 2022
India aims to reach an installed renewable energy generation capacity of 175GW in 2022 which is likely to get an investment of USD 15 billion.The government has opened gates for the installation of RE and selling it through open access.Prime Minister Narendra Modi had announced the launch of the National Hydrogen Mission with the goal [...]
Business schedule for Friday, Dec 24
DELHI: * No major events listed MUMBAI: * No major events listed. PTI ANS ANS
Sensex jumps over 100 pts in opening trade; Nifty tops 17,100
Mumbai, Dec 24 (PTI) Equity benchmark Sensex jumped over 100 points in early trade on Friday, tracking gains in index majors Infosys, TCS and HCL Tech amid a positive trend in global markets. After a volatile opening, the 30-share index jumped 114.57 points or 0.20 per cent to 57,429.85 in the opening trade. Similarly, the [...]
FlowerAura Unfolds Exclusive Assortment Of Gifts For New Year 2022
GURUGRAM, India, Dec. 24, 2021 /PRNewswire/ -- The year is ending, and that paves the path for the welcoming of New Year. India's gifting giant, FlowerAura, is all set to cater to the occasion with its range of new products. The latest launch event has taken place, and the company has revealed new gift items, [...]
DHFL case: Yes Bank’s former business head gets bail
Mumbai, Dec 23 (PTI) A special CBI court here on Thursday granted bail to Rajiv Anand, a former business head of Yes Bank, in a cheating and corruption case involving the private sector lender DHFL.Anand's bail plea was allowed by special judge for CBI cases S U Wadgaonkar. The detailed order was not available yet.The [...]
Govt seeks comments on proposed changes to insolvency law
New Delhi, Dec 23 (PTI) The government on Thursday invited comments on various amendments proposed to the insolvency law, including provisions related to the time period for approval of resolution plans as well as avoidable transactions and wrongful trading.The amendments have been proposed by the Insolvency Law Committee (ILC). The comments have been sought till [...]
Business brief
SaveLIFE Foundation, Skoda Auto, MSRDC launch 'tactical urbanism' trials at Karla Phata intersection Mumbai, Dec 23 (PTI) SaveLIFE Foundation, in collaboration with Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) and Maharashtra State Road Development Corp, on Thursday announced the launch of 'tactical urbanism' trials at the Karla Phata intersection on the old Mumbai-Pune highway to test [...]
RBI extends card tokenisation deadline by 6 months till Jun-end
Mumbai, Dec 23 (PTI) The Reserve Bank of India (RBI) on Thursday extended the card-on-file (CoF) tokenisation deadline by six months to June 30, 2022, in view of various representations received from industry bodies. Card-on-file, or CoF, refers to card information stored by payment gateway and merchants to process future transactions. The earlier deadline was [...]
IndiGo appoints Neetan Chopra as chief digital & information officer
Mumbai, Dec 23 (PTI) Budget carrier IndiGo on Thursday announced the appointment of Emirates former executive Neetan Chopra as its chief digital and information officer (CDIO), effective January 3. In this newly-created position, Chopra, who is currently the group chief technology officer at Dubai Holding, will be responsible for all aspects of IndiGo's information technology [...]
Healthquad raises USD 1 million (approx Rs 7.5 crore) from Pat Cummins, others
New Delhi, Dec 23 (PTI) Health and fitness start-up, Healthquad on Thursday said it has raised USD 1 million (approx Rs 7.5 crore) from investors, including Australian cricketer Pat Cummins. Besides, the fast bowler who is also the Test Captain for Australia will be the company's brand ambassador, Healthquad said in a statement. It, however, [...]
Business briefs
*Verandah raises $1.1 million in funding New Delhi, Dec 23 (PTI) Verandah, a Mumbai-based resort-wear and swimwear brand, on Thursday said it has raised USD 1.1 million (about Rs 8 crore) from Galaxy Investment Partners CEO Mike Novogratz, former WhatsApp executive Neeraj Arora, SoftBank Vision Fund Partner Lydia Jett and others.The seed funding round also [...]
Jupitice raises $4 mn from Almas Global Opportunity Fund
New Delhi, Dec 23 (PTI) Jupitice on Thursday said it has raised USD 4 million (about Rs 30 crore) in pre-Series A funding from Almas Global Opportunity Fund.The funds raised will be utilised in product development and global marketing, a statement said.Founded by Raman Aggarwal, Chandigarh-based Jupitice has designed and developed a 'justice technology' platform [...]
OILSEEDS PRICES
Mumbai, Dec 23 (PTI) OILS (per 10 Kgs) G.Nut Raw 1290.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1180.00 Sunflower Exp.Ref. 1260.00 Cottonseed(Refined) 1170.00 Refined Palm Oil 1130.00 Soyabean Ref. 1170.00 Imp.Soyabean Crude - Rapeseed Ref. 1560.00 Rapeseed Exp. 1530.00 Copra white 1700.00 Rice Bran 4-7% FFA - Rice Bran 1090.00 Linseed 1900.00 Castor [...]
Bommai-led GoM on GST rate likely to submit report by Feb
Belagavi(KTK), Dec 23 (PTI) The Group of Ministers (GoM) on GST rate rationalisation is likely to submit its final report by February, Karnataka Chief Minister Basavaraj Bommai, who heads it, said on Thursday. The Chief Minister said this while replying to a debate on the supplementary estimates worth Rs 3,577 crore that was passed in [...]
COMMODITY PRICES
Mumbai, Dec 23 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 730.00 COPPER HEAVY SCRAPS 719.00 COPPER ARMATURE (CREDIT) 698.00 COPPER UTENSILS SCRAP 635.00 CC ROD 775.00 BRASS :- BRASS SHEET CUTTING 547.00 BRASS UTENSIL SCRAP 480.00 BRASS HONEY 468.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]
Govt gets financial bids for NINL privatisation
New Delhi, Dec 23 (PTI) The government has received financial bids for privatisation of Neelachal Ispat Nigam Ltd (NINL), DIPAM Secretary Tuhin Kanta Pandey said on Thursday. "Financial bids received for strategic disinvestment of Neelachal Ispat Nigam Limited. Process now moves to concluding stage," Pandey tweeted. The Department of Investment and Public Asset Management (DIPAM) [...]
Big drop in toy imports in last 3 years: Goyal
New Delhi, Dec 23 (PTI) The country's toy imports have declined to USD 130 million in 2020-21 from USD 304 million in 2018-19, according to government data.Commerce and Industry Minister Piyush Goyal said the government is protecting the interest of the domestic toy industry by promoting Made-in-India toys.This is also helping thousands of artisans across [...]
Fintech firm mPokket to hire 1,500 people in 2022
Kolkata, Dec 23 (PTI) Fintech startup mPokket will hire 1,500 people in 2022, amid a growing user base for its instant loan app that caters to college students and young working professionals, an official said on Thursday. The Kolkata-based company recruited over 500 people across all functions between April and December 2021, taking the total [...]
Agra to soon have centre of excellence, tech park: Chandrashekhar
Agra, Dec 23 (PTI) Union Minister of State for Electronics and Information Technology Rajeev Chandrashekhar on Thursday said Agra will soon have a centre of excellence and a tech park. The minister was in Agra to launch seven new internet exchange nodes. The seven new nodes were launched for Agra, Prayagraj, Gorakhpur, Lucknow, Varanasi, Meerut [...]
Govt signs 140 mn euro loan agreement with KfW for energy sector reforms in MP
New Delhi, Dec 23 (PTI) The Government of India (GoI) and the German development bank KfW on Thursday signed agreements for a Euro 140 million reduced interest loan and Euro 2 million grant for an energy reform programme in Madhya Pradesh. The project will contribute to a more stable, secure and climate and environmentally friendly [...]
India can generate USD 813 bn in revenues from agri, food sector by 2030: Report
Mumbai, Dec 23 (PTI) With an investment of USD 272 billion in agritech and allied segments by 2030, India can generate USD 813 billion in revenue creating 152 million jobs, making it the largest private sector industry in the country, according to a report. With agriculture continuing to remain the mainstay of economy for the [...]
Business highlights
New Delhi, Dec 23 (PTI) Following are the top business stories at 2000 hours: DEL50 BIZ-LD STOCKS Markets march higher for third session amid global rally; IT stocks shine Mumbai, Dec 23 (PTI) The BSE Sensex defied gravity for the third session on the trot on Thursday, propelled by robust buying in IT, finance and [...]
Allcargo board approves demerger of CFS/ICD, real estate businesses
Mumbai, Dec 23 (PTI) The Board of Allcargo Logistics on Thursday approved the demerger of its CFS/ICD and real estate businesses, aimed at creating strategic business undertakings to drive growth across distinct opportunities.Under the proposed scheme of demerger, equipment rental and real estate businesses will move to TransIndia and CFS/ICD (container freight stations/inland container depot) [...]
CMS Info Systems IPO subscribed 1.95 times
New Delhi, Dec 23 (PTI) Cash management company CMS Info Systems Limited's initial public offering was subscribed 1.95 times on the last day of subscription on Thursday.The IPO received bids for 7,32,71,721 shares against 3,75,60,975 shares on offer, according to NSE data.The category for Retail Individual Investors (RIIs) was subscribed 2.15 times, while Qualified Institutional [...]
Sebi signs enhanced multilateral MoU of International Organization of Securities Commissions
New Delhi, Dec 23 (PTI) Markets regulator Sebi has signed the enhanced multilateral memorandum of understanding (EMMoU) of the International Organization of Securities Commissions. Sebi is already a signatory to MMoU since 2003, it said in a release. The EMMoU was introduced by IOSCO to expand the range of enforcement powers that signatories may use [...]
Business briefs
*Verandah raises $1.1 million in funding New Delhi, Dec 23 (PTI) Verandah, a Mumbai-based resort-wear and swimwear brand, on Thursday said it has raised USD 1.1 million (about Rs 8 crore) from Galaxy Investment Partners CEO Mike Novogratz, former WhatsApp executive Neeraj Arora, SoftBank Vision Fund Partner Lydia Jett and others.The seed funding round also [...]
A new expressway link to be constructed to connect Delhi, Lucknow: Gadkari
New Delhi, Dec 23 (PTI) Union Minister Nitin Gadkari on Thursday said a new expressway link will be constructed to connect Delhi and Lucknow, which is expected to reduce commute time between the two cities to three and a half hours.Gadkari further said that the groundbreaking ceremony of the proposed new expressway link will be [...]
HOP Electric signs pact with Rajasthan govt to set up EV manufacturing unit in Jaipur
Mumbai, Dec 23 (PTI) EV maker HOP Electric on Thursday said it has signed an initial pact with the Rajasthan government to set up an electric vehicle manufacturing plant in Jaipur with a capacity to produce 1.8 lakh vehicles per annum. The company also said it is exploring similar possibilities in other states also and [...]
Jindal SAW to set up precision machine shop in JV with Hunting Energy
New Delhi, Dec 23 (PTI) Steel pipes maker Jindal SAW has entered into an agreement with US-based Hunting Energy Services to form a joint venture (JV) company in India to set up a precision machine shop. Jindal SAW would hold 51 per cent stake in the JV, while Hunting Energy will own the remaining 49 [...]
Business briefs
*Next Meats to launch meat-free alternatives New Delhi, Dec 23 (PTI) Japanese food-tech venture Next Meats on Thursday said it has partnered with Vegan Meat India Pvt Ltd to launch meat-free alternatives with plans to open physical stores in India in the next fiscal.The company plans to introduce plant-based cakes, vegan cheese, tuna, egg and [...]
Trai gives more time for written submissions on spectrum auction discussion paper
New Delhi, Dec 23 (PTI) Telecom regulator on Thursday extended till January 10 next year the timeline for submission of written comments on its recently-floated discussion paper related to spectrum auction across various bands, including 5G.The deadline for written comments, which was earlier set for December 28, 2021, has been extended after requests from stakeholders [...]
Sebi overhauls advisory committees on secondary mkts, mutual funds, corporate bonds
New Delhi, Dec 23 (PTI) Markets regulator Sebi has restructured its three advisory committees pertaining to the secondary market, mutual funds, and corporate bonds and securitisation. Rejigging its secondary market committee, Sebi has listed Zerodha's co-founder and chief executive officer (CEO) Nithin Kamath among the new inductees in the 17-member panel, latest [...]
EESL aims to install 1.6 cr smart LED streetlights by 2024
New Delhi, Dec 23 (PTI) State-owned EESL is targeting installation of 1.6 crore smart LED streetlights across the nation by 2024 under a tie-up with the MSME ministry. The LEDs will be installed under the company's ongoing Street Lighting National Programme (SLNP), EESL said in a statement. Around 1.2 crore LED streetlights have already been [...]
Mumbai gets highest quarterly supply of data centres in APAC, adds 200 MW in Q3: Report
Mumbai, Dec 23 (PTI) Mumbai has seen the largest supply of data centres in the Asia-Pacific region in the third quarter of 2021 with a net addition of nearly 200 MW, up 24 per cent over the previous quarter, helping the city to cross the one-gigawatt (GW) capacity, according to a report. The co-location supply [...]
Gadkari dedicates Delhi-Meerut Expressway to public
Ghaziabad, Dec 23 (PTI) Union Minister Nitin Gadkari on Thursday dedicated Delhi-Meerut Expressway (DME) to the public.The 82 kilometres long DME connects Sarai Kale Khan in Delhi to Meerut.Addressing a gathering the Minister of Road Transport and Highways said the government has constructed highways using the world’s latest technology.Gadkari also inaugurated 'Intelligent Traffic System Control [...]
MGR-COMML-ARECA-COCONUT-PRICES
Mangaluru, Dec 23 (PTI) Following are today's Areca and Coconut prices. Areca (per QTL) Old Supari : Rs 49000 to Rs 53000 model Rs 51500 New Supari : Rs 38000 to Rs 45000 model Rs 43000 Koka : Rs 35000 to Rs 40000 model Rs 37500 Coconut [per thousand]: 1st qlty : Rs 20000 to [...]
Biocon Biologics says clinical study for drug Itolizumab initiated in India after approval from DCGI
New Delhi, Dec 23 (PTI) Biocon Biologics, an arm of biotechnology major Biocon, on Thursday said the clinical study for its biologic drug Itolizumab for the possible indication in autoimmune disease Lupus Nephritis has been initiated in India after approval from the Drugs Controller General of India. Biocon's partner US-based Equillium Inc has expanded its [...]
Jagan launches industrial parks in YSR Kadapa District
Hyderabad, Dec 23 (PTI) In a boost to the industrial sector in the State, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Thursday inaugurated YSR Jagananna Mega Industrial Hub & YSR EMC (electronic manufacturing cluster) at Kopparthy, YSR Kadapa. The industrial cluster is gearing up for opening with all the facilities such as ready [...]
CUMI GmbH emerges successful bidder to acquire main assets of AWUKO
Chennai, Dec 23 (PTI) Carborundum Universal Ltd, the Murugappa Group firm on Thursday said its step-down subsidiary in Germany, CUMI GmbH has emerged as the successful bidder to acquire the main assets of the AWUKO Abrasives Wandmacher GmbH and Company, Germany -- a 120 year old leader in leather and wood applications. CUMI GmbH has [...]
Business briefs
*Next Meats to launch meat-free alternatives New Delhi, Dec 23 (PTI) Japanese food-tech venture Next Meats on Thursday said it has partnered with Vegan Meat India Pvt Ltd to launch meat-free alternatives with plans to open physical stores in India in the next fiscal.The company plans to introduce plant-based cakes, vegan cheese, tuna, egg and [...]
New Employment Policy soon in Karnataka: CM Bommai
Belagavi, Dec 23 (PTI) Karnataka Chief Minister Basavaraj Bommai on Thursday said his government plans to introduce a new employment policy soon, which will give impetus to job creation and reduce unemployment in the State. Speaking after inaugurating the Jobs Fair at the Gogte Engineering College here held under the auspices of the Skills Development [...]
Markets rally: Investors richer by over Rs 8.58 lakh cr in 3 days
New Delhi, Dec 23 (PTI) Investors' wealth has soared by Rs 8,58,979.67 crore in three days of market rally, with domestic bourses climbing in tandem with global equities amid abating concerns over the economic impact of the Omicron variant. The 30-share BSE benchmark Sensex jumped 384.72 points or 0.68 per cent to close at 57,315.28 [...]
Log9 Materials inaugurates InstaCharge Station in Bengaluru, plans charging infra for other cities
Mumbai, Dec 23 (PTI) Advanced battery-tech start-up Log9 Materials on Thursday inaugurated its first InstaCharge Station in Bengaluru and said it plans to expand the charging infrastructure to other major cities and smaller towns going forward. With its InstaCharge Stations, Log9 aims to provide the throughput that the fleet operators require to efficiently work on [...]
Four Conservation Trailblazers Receive the Habitats Trust Grants 2021
Grants amounting to Rs. 1.05 crore across four categories awarded to protectors of India’s natural habitats and indigenous species New Delhi, Delhi, India – Business Wire India The Habitats Trust, founded by Roshni Nadar Malhotra, Chairperson of HCL Technologies, today announced the recipients of The Habitats Trust Grants 2021. The Habitats Trust Grants is an [...]
Govt seeks comments on proposed changes to insolvency law
New Delhi, Dec 23 (PTI) The government on Thursday invited comments on various amendments proposed to the insolvency law, including to provisions related to time period for approval of resolution plans as well as avoidable transactions and wrongful trading. The amendments have been proposed by the Insolvency Law Committee (ILC). The comments have been sought [...]
Amazon’s plan to take over Cataraman’s stake in Prione Holdings gross violation of FDI Policy: CAIT
New Delhi, Dec 23 (PTI) Domestic traders body CAIT on Thursday claimed that e-commerce major Amazon's plan to acquire Prione Business Services - its joint venture firm with Catamaran - will be a violation of foreign direct investment policy.Amazon has said it will acquire Prione Business Services, subject to requisite regulatory approvals.In August, Amazon and [...]
Havells’ washing machine mfg unit in Raj goes on stream
New Delhi, Dec 23 (PTI) Homegrown consumer appliances major Havells India on Thursday said its washing machine manufacturing unit at Ghiloth in Rajasthan has gone on stream. Spread over 50 acres, the unit will significantly strengthen washing machine production capacity of Lloyd -- a brand of the company -- with a targeted output of 3 [...]
MAN Industries bags pipe manufacturing orders worth Rs 225 cr
New Delhi, Dec 23 (PTI) Homegrown company Man Industries (India) Ltd on Thursday said it has bagged orders worth Rs 225 crore for manufacturing pipes. With the latest win, the company's order book has reached the level of Rs 1,700 crore, and the projects are to be executed in the next six-seven months, MAN Industries [...]
en:lyft proves companies are considering influencer campaigns over traditional marketing
agency executed 200+ videos created visibility in 11+ million audience Influencer marketing agency en:lyft has successfully executed recent influencer campaigns for Meesho, Paytm, OctaFX and many more with a focus to create brand awareness among its target audience. The campaign objectives revolve around creating a buzz to initiate engagement. The agency managed to create multiple [...]
Assocham suggests rationalisation of TDS in Union Budget
New Delhi Dec 23 (PTI) Industry body Assocham on Thursday suggested the government to cut Tax Deducted at Source (TDS) in the next Budget with a view to reducing litigation on the application of correct rate. Presently, there are various rates of TDS prescribed under the Income Tax Act on different categories of transactions and [...]
PRICES-BULLION-CLOSE
Mumbai, Dec 23 (PTI) BULLION CLOSING (INCLUSIVE OF OCTROI AND LOCAL CHARGES ) SILVER SPOT (IN RS PER kg ) : 61802.00 STANDARD GOLD (99.5) : 48099.00 PURE GOLD (99.9) : 48292.00 (NOTE : SOURCE THE BOMBAY BULLION COMMITTEE) FOR AFP: ( INCLUSIVE OF OCTROI AND LOCAL TAXES) LONDON 2312 1730 (5:30 pm) SILVER SPOT [...]
NRL partners with Assam management institute for industry-academia collaboration
Guwahati, Dec 23 (PTI) Numaligarh Refinery Ltd (NRL) on Thursday said it has signed a memorandum of understanding with Assam Institute of Management for industry-academia collaboration in various domains. The agreement was signed between NRL's Senior Chief General Manager (Corporate Affairs) Nikunja Borthakur and AIM's Director in Charge Dr Sanjib Raj on Wednesday in the [...]
GPT Infraprojects bags order worth Rs 56 cr
New Delhi, Dec 23 (PTI) GPT Infraprojects Ltd (GPT) on Thursday said it has bagged an order worth Rs 56 crore to construct a road overbridge (ROB) at Gomia in Jharkhand. "The company has bagged an order valued at Rs 56 crore," GPT Infraprojects said in a filing to the BSE. The order entails the [...]
Medplus shares jump nearly 41 pc in debut trade
New Delhi, Dec 23 (PTI) Shares of Medplus Health Services on Thursday listed with a premium of nearly 31 per cent against the issue price of Rs 796 and settled with a gain of nearly 41 per cent. The stock listed at Rs 1,015, a gain of 27.51 per cent against the issue price on [...]
Travel clients continue spending amid Omicron; will maintain segment profit margins at par with TCS: Exec
Mumbai, Dec 23 (PTI) The client spending in the travel segment has not halted because of the Omicron threat in the last few weeks, a senior executive at TCS said on Thursday.The largest software exporter, which bagged a multi-year deal from airport hospitality services provider Plaza Premium Group (PPG) recently, will endeavour to keep profit [...]
Rupee strengthens for sixth day, up 28 paise to 75.26 per USD
Mumbai, Dec 23 (PTI) Rising for the sixth straight session, the rupee climbed 28 paise to close at 75.26 against the US dollar on Thursday as abating concerns over the Omicron variant improved risk appetite globally. At the interbank forex market, the local unit opened at 75.43 against the greenback and witnessed an intra-day high [...]
PRICES MUM BULLION CLOSING
Mumbai, Dec 23 (PTI) CLOSING RATES SILVER SPOT (IN RS PER kg): 61802.00 STANDARD GOLD (99.5) : 48099.00 PURE GOLD (99.9) : 48292.00 --------------------- PTI MUM SVC SHW SHW
Sri Lanka’s official reserves to double by year end to above USD 3 billion: Central Bank
Colombo, Dec 23 (PTI) Sri Lanka’s official foreign reserves, which dropped to USD 1.58 billion in November, will double to remain above USD 3 billion by the end of this year, the Central Bank here has said, asserting that the country’s economy showed resilience throughout 2021 despite the headwinds of the economic impact of COVID-19. [...]
IOC to invest Rs 9,028 cr for new crude oil pipeline from Mundra
New Delhi, Dec 23 (PTI) Indian Oil Corporation (IOC), the nation's largest oil firm, on Thursday said it will invest Rs 9,028 crore in laying a new crude oil pipeline from Mundra in Gujarat to Panipat in Haryana. The pipeline, which will have a nameplate capacity of 17.5 million tonne per annum, will transport imported [...]
RBI imposes penalty on One Mobikwik Systems, Spice Money
Mumbai, Dec 23 (PTI) The Reserve Bank of India (RBI) on Thursday said it has imposed a penalty of Rs 1 crore each on payment system operators One Mobikwik Systems Private Ltd and Spice Money Ltd for deficiencies in regulatory compliance. Giving details, the central bank said it observed that the two entities had not [...]
Over 160 Pakistani lawmakers in violation of tax laws: report
Islamabad, Dec 23 (PTI) Over 160 Pakistani lawmakers - owning combined assets of over Rs 35 billion (USD 200 million) - are either not paying income tax or are yet to register with the Federal Board of Revenue (FBR), according to a media report on Thursday. Of the 1,170 lawmakers in the country, including National [...]
Need lot of efforts to navigate ‘disruptive’ situation caused by commodity price rise: Mahindra exec
Mumbai, Dec 23 (PTI) The increase in commodity prices in the last one-and-a-half years is extremely "disruptive" and requires a lot of efforts to navigate and manage in such times, a senior executive of the diversified Mahindra Group said on Thursday. The group is into various sectors, including auto, farm equipment and hospitality. Mahindra Group [...]
6 Lakh Visitors at India Pavilion in 83 days
The India Pavilion has emerged as a shining jewel, showcasing India's dreams & aspirations: Shri Piyush Goya Dubai, United Arab Emirates (NewsVoir) The India Pavilion, one of the largest and most visited pavilions at EXPO2020 Dubai completed another landmark by hosting 6 lakh visitors in 83 days of its opening. The India Pavilion, inaugurated by [...]
CVC to conduct management audit of vigilance units in govt depts; CBDT, CBIC, on pilot project basis
New Delhi, Dec 23 (PTI) The Central Vigilance Commission (CVC) on Thursday said it has decided to conduct a management audit of vigilance units in various organisations to have a deeper insight into their functioning. Initially, the audit would be taken up for the Central Board of Direct Taxes (CBDT), the Central Board of Indirect [...]
Need to get rid of description that ‘farmer means poor’: Union Minister Kailash Choudhary
New Delhi, Dec 23 (PTI) Union Minister Kailash Choudhary on Thursday said there is a need to get rid of the description that "farmer means poor" as this kind of "misconception" is discouraging youth from pursuing agriculture as a profession.Addressing an event organised by the digital platform Rural Voice, the Minister of State for Agriculture [...]
udazH, India’s First Portable Molecular Hydrogen Inhaler Launched For Consumers
Mumbai, 23 December, 2021: udazH, India’s first portable molecular hydrogen generating machine, has been launched today by well-known Indian Film actress and social worker, Bhagyashree at Mumbai. This Next-Gen Personal Wellness tool is designed with state-of-the-art features will be made available for personal use for consumers across the country. The speciality of the machine is [...]
Celebrate music this holiday season with great offers at the ‘Philips Audio Days’
~ Special offers and EMI options available on the range of Wireless In ear and On Ear Headphone, Soundbar, Multimedia Speaker and BT Speaker range till 25th December 2021 on Amazon.in NEW DELHI, Dec. 23, 2021 /PRNewswire/ -- Holiday season and Christmas without music would be unthinkable, and as carols and seasonal songs take center [...]
Markets march higher for third session amid global rally; IT stocks shine
Mumbai, Dec 23 (PTI) The BSE Sensex defied gravity for the third session on the trot on Thursday, propelled by robust buying in IT, finance and power stocks amid a rally in global equities. A strengthening rupee further shored up investor confidence, traders said. The 30-share BSE benchmark Sensex jumped 384.72 points or 0.68 per [...]
HSBC AMC to acquire L&T Mutual Fund for $425 million
Mumbai, Dec 23 (PTI) Foreign lender HSBC on Thursday announced that its asset management arm will acquire L&T Mutual Fund for USD 425 million (about Rs 3,192 crore). L&T Finance Holdings (LTFH) and HSBC Asset Management (HSBC AMC) have entered into a definitive agreement whereby the latter will acquire 100 per cent equity shares of L&T [...]
Make it must to play Indian music in flights operated by Indian airlines: ICCR, musicians to Scindia
New Delhi, Dec 23 (PTI) Let's make it mandatory to play Indian music on flights operated by Indian airlines as well as at airports; such a seemingly small step might go a long way in strengthening our people's emotional connect with the country's traditions, according to ICCR and musicians. This is the demand put forward [...]
DMF’s fund manager, his parents pay nearly Rs 5 cr to settle case with Sebi
New Delhi, Dec 23 (PTI) Fund manager of Deutsche Mutual Fund and his parents paid nearly Rs 5 crore to settle with Sebi a case of alleged front running in the trades of the mutual fund. The amount remitted by them includes settlement charges, wrongful gains and interest charged on the ill-gotten gains. Akash Singhania, [...]
GMR Infrastructure gets NCLT nod for demerger of non-airport business
New Delhi, Dec 23 (PTI) GMR Infrastructure on Thursday said it has received approval from the National Company Law Tribunal for the restructuring plan involving the demerger of the non-airport business. GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors. [...]
CenturyPly to set up plant in Andhra Pradesh
Amaravati, Dec 23 (PTI) Century Plyboards (India) Ltd will set up a new integrated wood panel manufacturing plant in YSR Kadapa district in Andhra Pradesh. Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Thursday laid foundation stone for the proposed plant, a release from the wood panel maker said. “CenturyPly’s plant, proposed to be [...]
Airtel hosts India edition of O-RAN Alliance Global PlugFest 2021; tech players participate
New Delhi, Dec 23 (PTI) Bharti Airtel hosted the 'O-RAN Alliance Global PlugFest 2021' in India in partnership with global and Indian technology companies, a release said on Thursday. The event was held at Airtel's network experience centre in Manesar, near Delhi. Put simply, Open RAN or open radio access network architecture is industry terminology [...]
Ashok Leyland unveils Dual Tyre Axle Truck – AVTR 3120 offering operational flexibility to customers
Chennai, Dec 23 (PTI): Hinduja Group flagship Ashok Leyland on Thursday launched dual tyre lift axle truck (DTLA) 'AVTR 3120' making the city-based heavy commercial vehicle maker the first manufacturer to have full range of such DTLA trucks in the country. "With the launch of AVTR 3120, Ashok Leyland becomes the first and only player [...]
TVS Motor launches Apache RTR 165 RP at Rs 1.45 lakh
New Delhi, Dec 23 (PTI) TVS Motor Company on Thursday said it has launched Apache RTR 165 RP, tagged at Rs 1.45 lakh (ex-showroom), as the first product under its Race Performance (RP) series. The 164.9-cc motorcycle generates 19.2 PS power and will be limited to 200 units, the two-wheeler maker said in a statement. [...]
Pro Kabaddi League 2021: MYFAB11 SIGNS ON AS POWERED BY SPONSOR OF JAIPUR PINK PANTHERSFOR THE 2021-22 EDITION OF PRO KABADDI LEAGUE.
Kolkata, India, December 22nd, 2021 – MyFab11 is a leading Fantasy Sports platform in India. What differentiates MyFab11 from the rest of the platforms is the user centric approach to business. At MyFab11 it's all about building transparency and trust. Fantasy Sports industry is still at a nascent state in India and trust is an [...]
Hospitality industry on alert mode amid Omicron threat
New Delhi, Dec 23 (PTI) The Indian hospitality industry, battered by the pandemic, is on alert mode but not panicking yet in the face of the Omicron variant threatening to derail prospects of winter holiday season business, according to industry players. With states imposing restrictions on gatherings for Christmas and New Year celebrations, hoteliers and [...]
IT/ITeS, Infrastructure Drive Growth in Telangana – CREDAI-ANAROCK Report
Hyderabad, Telangana, India (NewsVoir) • State witnessed INR 1.5 Lakh Cr. worth IT exports in 2020-21 - a 12.98% rise against the preceding year; 2.21X growth in IT/ITeS exports compared with the national average • More than 6.3 Lakh employees presently working in IT/ITeS sector in Telangana • Other than Hyderabad, various companies already exploring [...]
Gadkari inaugurates intelligent transport system on Eastern Peripheral Expressway
New Delhi, Dec 23 (PTI) Union minister Nitin Gadkari on Thursday inaugurated an intelligent transport system on the Eastern Peripheral Expressway to minimize traffic woes and enhance safety of commuters. Gadkari said India needs to improve its road engineering as every year, around 1.5 lakh people are killed in 5 lakh accidents across the country. "It is a [...]
DIRECT-EXCHANGE-RATES
Mumbai, Dec 23 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE. ( ALL RATES IN RUPEES PER UNIT ). CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 74.70 76.20 74.64 76.36 EUR/INR 84.11 86.99 84.04 87.16 GBP/INR 99.13 102.31 99.05 102.51 JPY/INR 65.01 67.23 64.96 67.37 [...]
Govt has issued advisory to carmakers to introduce flex-fuel engines in vehicles: Gadkari
New Delhi, Dec 23 (PTI) Union Minister Nitin Gadkari on Thursday said the government has issued an advisory to carmakers to introduce flexible-fuel engines in vehicles. Addressing an event, Gadkari also said the government is working to encourage the use of green and alternative fuels. "Yesterday, I signed a file on flex-fuel engines (to advise carmakers to manufacture flex-fuel [...]
MONEY-MARKET-OPERATIONS
Mumbai, Dec 23, (PTI) Money Market Operations as on DEC 22, 2021 (Amount in crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment (I+II+III+IV) 516,838.11 3.43 2.00-5.45 I. Call Money 8,913.95 3.38 2.00-3.75 II. Triparty Repo 419,467.15 3.43 3.25-3.60 III. Market Repo 88,369.01 3.48 2.25-3.70 IV. Repo [...]
Rupee jumps 30 paise to 75.24 against US dollar
Mumbai, Dec 23 (PTI) The rupee on Thursday extended its gains and jumped 30 paise to close at 75.24 (provisional) against the US dollar amid a positive trend in domestic equities. At the interbank forex market, the local unit opened at 75.43 against the greenback and witnessed an intra-day high of 75.22 and a low [...]
Hero MotoCorp, Volkswagen to increase prices from January
New Delhi, Dec 23 (PTI) The country's largest two-wheeler maker Hero MotoCorp on Thursday said it will increase prices of its entire model range by up to Rs 2,000 from January 4, 2022 in order to offset the impact of rise in input cost. The company will make an upward revision in the ex-showroom prices [...]
Sensex jumps 385 pts on firm global cues; Nifty reclaims 17,000
Mumbai, Dec 23 (PTI) Equity benchmark Sensex surged 385 points on Thursday following gains in index majors Infosys, ITC and HDFC amid a positive trend overseas. The 30-share index jumped 384.72 points or 0.68 per cent to end at 57,315.28. Similarly, the NSE Nifty advanced 117.15 points or 0.69 per cent to 17,072.60. PowerGrid was [...]
PRICES MUM BULLION OPEN
Mumbai, Dec 23 (PTI) OPENING RATES SILVER SPOT (IN RS PER kg 61883.00 STANDARD GOLD (99.5) : 48151.00 PURE GOLD (99.9) : 48345.00 -------------------- PTI MUM SVC SHW SHW
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