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Infra stock hits 5% upper circuit after securing construction contract worth ₹ 20 Cr
The shares of the infrastructure developer and operator hit a 52-week high and 5 percent upper circuit to Rs.344.95 per share after securing orders worth more than Rs.20 crore. Price Movement In Tuesday’s trading session, the share price of Sathlokhar Synergys E&C Global Limited opened at a 52-week high of Rs.344.95 per share and also [...]
5 Stocks in which FIIs and DIIs exchanged stake
Block and bulk deals involve large transactions executed on stock exchanges. A block deal is defined as a single trade involving at least 5 lakh shares, or a total transaction value of Rs. 10 crore or more. In contrast, a bulk deal is characterised by transactions involving more than 0.5 percent of a company's total [...]
Stock hits 10% upper circuit after securing orders worth ₹ 380 Mil for supply of diamonds
The shares of the company engaged in the business of Precious Metals, Stones & Jewellery Trading hit a 10 percent upper circuit to Rs.138.85 per share after securing orders worth Rs.379.62 million. Price Movement In Tuesday’s trading session, the share price of Starlineps Enterprises Limited hit a 10 percent upper price band to Rs.138.85 per [...]
Paper stock jumps 10% after it sets record date for 1:5 stock split
Small Cap stock engaged in the business of manufacturing, supplying, and marketing paper, pulp, and associated products jumped upto 10 percent in the day’s trade upon announcing the record date for the split of equity shares. Price Action With a market capitalization of Rs. 2,212 Crores, the shares of Andhra Paper Limited were trading at [...]
Smallcap stock jumps 11% after announcing partnership with Tata group company
The shares of this smallcap company surged around 11 percent in Tuesday’s trading session after announcing a foray into Telecom Equipment Manufacturing. In just one month the stock has delivered more than 40 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 4,720 crores, the shares of Optiemus Infracom Ltd started [...]
Recently listed stock jumps 4% after receiving order worth ₹ 34.27 Lakhs from DMart
The shares of this microcap company surged around 4 percent in Tuesday’s trading session after receiving an order worth Rs. 34.27 lakhs from DMart. Price Movement: With a market capitalization of Rs. 209.51 crores, the shares of Rulka Electricals Ltd started Tuesday’s trading session on a higher note at Rs. 490 compared to its previous [...]
FMCG stock jumps 5% after it sets record date for 5:1 stock split
The franchise owner of popular food-chain brands KFC, Pizza Hut, and Taco Bell announced a 5:1 stock split and set a record date for the split. Following the announcement of the record date, the share price gained nearly 5 percent. Price Movement On Tuesday’s trading session, the share price of Sapphire Foods Ltd. reached an [...]
IT stock hits 20% upper circuit after company to consider share buyback
IT stock engaged in providing IT and consultancy services, lending and transaction banking products hit a 20 percent upper circuit in the day’s trade following announcement to consider Buyback of Equity shares of the company. Price Action With a market capitalization of Rs. 3,779 Crores, the shares of Nucleus Software Exports Limited hit a 20 [...]
Tata group stock announces merger; How many shares will you get?
Tata Group stock engaged in offering a wide and diverse portfolio of cars, sports utility vehicles, buses, trucks, defence vehicles, and many more in focus after it announced a scheme of arrangement for the merger. Price Action With a market capitalization of Rs. 3,60,576 Crores, the shares of Tata Motors Limited were trading at Rs. [...]
Railway stock to buy now for an upside of 40%; Are you holding it?
The stock of a leading rail mobility solutions provider has received a buy recommendation from a domestic brokerage, anticipating a potential upside of 38%. Titagarh Rail Systems Ltd. is engaged in the manufacturing of railway wagons, defense hardware, naval ships for the armed forces, and mining equipment. The company has a presence in domestic and [...]
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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
Gates urges people to get vaccinated as Omicron could usher in ‘worst part of pandemic’
New York, Dec 22 (PTI) Microsoft co-founder Bill Gates has urged people to get their vaccinations done quickly to prevent them from getting seriously ill, as he warned that surging Omicron variant cases could usher in “the worst part of the pandemic".The Omicron variant of the coronavirus is spreading faster than the Delta variant and [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
Gates urges people to get vaccinated as Omicron could usher in ‘worst part of pandemic’
New York, Dec 22 (PTI) Microsoft co-founder Bill Gates has urged people to get their vaccinations done quickly to prevent them from getting seriously ill, as he warned that surging Omicron variant cases could usher in “the worst part of the pandemic".The Omicron variant of the coronavirus is spreading faster than the Delta variant and [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
Gates urges people to get vaccinated as Omicron could usher in ‘worst part of pandemic’
New York, Dec 22 (PTI) Microsoft co-founder Bill Gates has urged people to get their vaccinations done quickly to prevent them from getting seriously ill, as he warned that surging Omicron variant cases could usher in “the worst part of the pandemic".The Omicron variant of the coronavirus is spreading faster than the Delta variant and [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
Gates urges people to get vaccinated as Omicron could usher in ‘worst part of pandemic’
New York, Dec 22 (PTI) Microsoft co-founder Bill Gates has urged people to get their vaccinations done quickly to prevent them from getting seriously ill, as he warned that surging Omicron variant cases could usher in “the worst part of the pandemic".The Omicron variant of the coronavirus is spreading faster than the Delta variant and [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
Gates urges people to get vaccinated as Omicron could usher in ‘worst part of pandemic’
New York, Dec 22 (PTI) Microsoft co-founder Bill Gates has urged people to get their vaccinations done quickly to prevent them from getting seriously ill, as he warned that surging Omicron variant cases could usher in “the worst part of the pandemic".The Omicron variant of the coronavirus is spreading faster than the Delta variant and [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
Gates urges people to get vaccinated as Omicron could usher in ‘worst part of pandemic’
New York, Dec 22 (PTI) Microsoft co-founder Bill Gates has urged people to get their vaccinations done quickly to prevent them from getting seriously ill, as he warned that surging Omicron variant cases could usher in “the worst part of the pandemic".The Omicron variant of the coronavirus is spreading faster than the Delta variant and [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
Gates urges people to get vaccinated as Omicron could usher in ‘worst part of pandemic’
New York, Dec 22 (PTI) Microsoft co-founder Bill Gates has urged people to get their vaccinations done quickly to prevent them from getting seriously ill, as he warned that surging Omicron variant cases could usher in “the worst part of the pandemic".The Omicron variant of the coronavirus is spreading faster than the Delta variant and [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
Gates urges people to get vaccinated as Omicron could usher in ‘worst part of pandemic’
New York, Dec 22 (PTI) Microsoft co-founder Bill Gates has urged people to get their vaccinations done quickly to prevent them from getting seriously ill, as he warned that surging Omicron variant cases could usher in “the worst part of the pandemic".The Omicron variant of the coronavirus is spreading faster than the Delta variant and [...]
Greenway Health Names Pratap Sarker as Chief Executive Office
Pratap Sarker to succeed Richard Atkin as CEO of Greenway Health, Atkin to transition to the role of Executive Chairman of the Greenway Health Board BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Greenway Health announces its Board of Directors has named Pratap Sarker as Chief Executive Officer effective January 1, 2022. Mr. Sarker, who has [...]
With FTA between India and UK on the horizon, 2021 winds up on a promising note
London, Dec 22 (PTI) A comprehensive strategic partnership backed up by an ambitious Roadmap 2030 for closer cooperation over the next 10 years were the highlights for India-UK relations this year, which closes with the promise of free trade agreement (FTA) talks scheduled to kick-start in January 2022.The comprehensive aspect of the partnership was on [...]
Auto industry hopes for smooth ride in New Year after a bumpy 2021
New Delhi, Dec 22 (PTI) The Indian automotive industry is driving into 2022 with a positive mindset in its quest to reach the pre-pandemic levels of sales volume, having built a solid foundation in 2021 amid semiconductor shortage hampering production. With demand still buoyant in the passenger vehicle segment despite challenges of commodity price increases, [...]
Metro Brands shares list with nearly 13% discount
New Delhi, Dec 22 (PTI) Shares of footwear retailer Metro Brands on Wednesday listed with a discount of nearly 13 per cent from the issue price of Rs 500. The stock listed at Rs 436, a decline of 12.8 per cent against the issue price on BSE. It further tumbled 14.78 per cent to Rs [...]
Rupee gains 11 paise to 75.48 against US dollar in early trade
Mumbai, Dec 22 (PTI) The rupee appreciated 11 paise to 75.48 against the US dollar in opening trade on Wednesday, tracking a positive trend in domestic equities. However, rising crude prices in the international market and continued foreign fund outflows restricted the local unit, traders said. At the interbank foreign exchange, the rupee opened slightly [...]
Zee Entertainment, Sony Pictures Networks India sign definitive agreements for merger
ZEEL and SPNI have signed definitive agreements for their merger, with Sony having 52.93% stake and Zee having 47.07%.The combined entity will be publicly listed in India and it aims at driving sharper content and pursuing other growth opportunities.Invesco Developing Markets Fund, which along with OFI Global China Fund LLC, that hold about a 17.9 [...]
Tesla Power USA announces Bringing EV Scooters and EV Charging stations to 5000 Tesla Power Shops by 2025
New Delhi, Delhi, India – Business Wire India Tesla Power USA hosted the “India Business Meet” at the Pride Plaza Hotel in Aerocity, New Delhi. The program was attended by Mr. John H. Vratsinas, MD & Global CEO, Mr. Kavinder Khurana, Managing Director, India, Mr. Sandeep Avasthi, Business Head, India. “We are gearing up for [...]
How Xoxoday, powered by a people-first culture, turned the Great Resignation into a Great Recruitment
BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- The 'Great Resignation' has been a defining moment of this pandemic, with companies across the globe facing a spate of resignations since March 2021. However, for Xoxoday, a rewards, incentives, and payouts technology company, this turned out to be a period of 'Great Recruitment'. In the last six [...]
Cashfree Payments launches ‘Yeh Mera Idea Tha’ brand campaign for budding entrepreneurs
BENGALURU, India, Dec. 21, 2021 /PRNewswire/ -- Cashfree Payments, a leading payments and API banking solutions company, today announced the launch of its brand campaign, 'Yeh Mera Idea Tha', focusing on encouraging budding entrepreneurs to take a leap of faith and execute the business ideas they have long cherished. Cashfree Payments has conceptualised the campaign [...]
Tiantai County of Taizhou: The Birthplace of Hehe Culture
TAIZHOU, China, Dec. 21, 2021 /PRNewswire/ -- Aimed at improving global governance and addressing common challenges of mankind, the 2021 Hehe Culture Global Forum was held in southeastern Zhejiang province's Tiantai county on December 9. The forum focused on common prosperity, inclusive development, harmonious coexistence and ecological civilization. "In the post-pandemic era, it is a [...]
Venezuela received 7 mn doses of Sputnik Light booster in the biggest one-time global delivery of the one-shot Russian vaccine
- More and more countries are using Sputnik Light as a standalone vaccine and as a universal booster, including against Omicron variant. MOSCOW, Dec. 21, 2021 /PRNewswire/ -- The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) today announced 7 million doses of Sputnik Light booster against coronavirus have been shipped to Venezuela becoming [...]
Grenada’s New Permanent Representative to WTO: Justin Sun Arrived at the WTO Headquarters in Geneva
SINGAPORE, Dec. 21, 2021 /PRNewswire/ -- On December 21, H.E. Justin Sun, after his visit to the Caribbean region, arrived at the WTO headquarters in Geneva, Switzerland, where he has been confirmed to his post. As reported, H.E. Justin Sun may reside in Geneva and hold meetings with relevant WTO officials. Recently he was officially [...]
Business schedule for Wednesday, Dec 22
DELHI: * Commerce and Industry Minister Piyush Goyal at National Workshop on next phase of reforms (1530 hrs) * Niti Aayog Vice-Chairman Rajiv Kumar at Vernacular Innovation Program (1100 hrs) * Good Governance Week: - DPIIT Secretary Anurag Jain, (1030 hrs) - MoS Commerce (1130 hrs) - DFS Secretary Debasish Panda, others (1130 hrs) * [...]
Sensex jumps over 400 pts in early trade; Nifty tops 16,900
Mumbai, Dec 22 (PTI) Equity benchmark Sensex surged over 400 points in early trade on Wednesday, tracking gains in index majors Reliance Industries, HDFC Bank and ICICI Bank amid a positive trend in global markets.The 30-share index jumped 449.23 points or 0.80 per cent to 56,768.24 in the opening trade. Similarly, the Nifty advanced 134.95 [...]
Steps taken for capacity expansion of Digboi refinery; Assam CM thanks PM
Guwahati, Dec 21 (PTI) Assam Chief Minister Himanta Biswa Sarma on Tuesday thanked Prime Minister Narendra Modi and Union Petroleum and Natural Gas Minister Hardeep Singh Puri for taking steps for capacity expansion of the country's oldest operating refinery at Digboi. In a letter to the chief minister, Puri said that the Indian Oil Corporation [...]
Air India paid ‘avoidable’ Rs 43.85 cr penalty for non-compliance with contractual timelines: CAG
New Delhi, Dec 21 (PTI) Air India shelled out an "avoidable" penalty of Rs 43.85 crore to Boeing for non-adherence with the contractually stipulated timelines under the agreement for an aircraft component service programme, according to CAG. The penalty amount was paid in August last year for the July 2016 to December 2019 period. The [...]
Vedanta distributes face masks in Zambia, raises public awareness about rising Omicron cases
New Delhi, Dec 21 (PTI) Vedanta on Tuesday said it has distributed thousands of re-usable face masks to commuters and marketeers in Zambian cities of Chingola and Chililabombwe, and moved to raise public awareness about the rising cases of Omicron, the new variant of coronavirus. "On Monday, Vedanta has distributed 4,000 masks to commuters and [...]
Govt appoints non-official directors on boards of various banks
New Delhi Dec 21 (PTI) The government has appointed independent directors on board of various public sector banks, including Union Bank of India, Punjab National Bank and Canara Bank, according to regulatory filings by banks. The government has appointed Non-Official Director (NOD) on the board of these banks for three years. The appointment done under [...]
Business briefs 4
Edutech start-up Taghive secures USD 2.5 mn from Korean investors Mumbai, Dec 21 (PTI) Samsung-backed edutech start-up Taghive has secured USD 2.5 million (Rs 18.9 crore) in Series-A funding led by Forest Partners, a leading alternative investment firm based in South Korea focused on investing in high growth companies. This round was preceded by seed [...]
ITC raises stake in Delectable Technologies to 27pc
Kolkata, Dec 21 (PTI) Multi-business conglomerate ITC Ltd has raised its holding to 27.34 per cent in Delectable Technologies, a company that operates the Azgo app and vending machines selling snacks and other fast-moving consumer goods.ITC informed the bourses on Tuesday that it has acquired on December 20, in the third tranche, 1,964 Compulsorily Convertible [...]
Gem, jewellery exports decline by 4.21 pc in Nov to Rs 17,784.92 cr: GJEPC
Mumbai, Dec 21 (PTI) India's overall gem and jewellery exports in November declined by 4.21 per cent to Rs 17,784.92 crore (USD 2,384 million) compared to the same month last year due to break in manufacturing activity during Diwali, the Gem and Jewellery Export Promotion Council (GJEPC) said on Tuesday. The total exports during November [...]
Sufficient stock of coal available in thermal plants: Haryana power minister
Chandigarh, Dec 21 (PTI) Haryana Power Minister Ranjit Singh Chautala on Tuesday said sufficient stock of coal is available at present in all thermal power stations located in the state. The state government has ensured an adequate supply of electricity to the people in all the areas as per their requirement on a priority basis, [...]
IPO pipeline expected to swell by over Rs 2 lakh crore in 2022: Report
Mumbai, Dec 21 (PTI) After the record-breaking IPO rally with as many as 65 issuers collecting a whopping Rs 1.35 lakh crore so far this year, the market frenzy is set to continue next year with new issues worth over Rs 2 lakh crore (USD 26 billion) in the pipeline, according to a report. The [...]
MOIL shareholders approve buyback of over 3.38 cr shares
New Delhi, Dec 21 (PTI) Shareholders of MOIL have approved the proposal to buy back over 3.38 crore equity shares, the company said on Tuesday. In a filing to the BSE, MOIL said the Buyback Committee of the Board of Directors of the company has fixed Friday, December 31, 2021, as record date for determining [...]
Cost of state debt soars past 7%-mark
Mumbai, Dec 21 (PTI) For the first time in the third quarter, the cost of state debt soared past the 7 percentage points levels with the weighted average cost settling at 7.01 per cent, up 16 bps over the past week, at the auctions held on Tuesday. The weighted average cut-off of state debt auction [...]
Aadhaar Seva Kendras launched at Gonda, Varanasi, Saharanpur, Moradabad
New Delhi, Dec 21 (PTI) Minister of State for Electronics and IT Rajeev Chandrasekhar has inaugurated Aadhaar Seva Kendras at Gonda, Varanasi, Saharanpur and Moradabad, an official release said on Tuesday. Speaking on the occasion, Chandrasekhar said around 313 central government schemes have been notified for using Aadhaar for leak-proof delivery of various social welfare [...]
Profitability of PSBs improved post amalgamation: MoS for Finance
New Delhi Dec 21 (PTI) Profitability of public sector banks has improved on a consolidated basis after amalgamation, the government said in Parliament on Tuesday.According to RBI's data, profitability of public sector banks (PSBs) that have been amalgamated/merged during the last five years has improved on a consolidated basis, Minister of State for Finance Bhagwat [...]
India’s cybersecurity services and product industry revenue at USD 9.85 bn in 2021: Report
New Delhi, Dec 21 (PTI) India's cybersecurity services and product industry logged a revenue of USD 9.85 billion in 2021 and grew at a compound annual growth rate of about 40 per cent in the last two years, a report by Data Security Council of India (DSCI) said. The report titled 'India Cybersecurity Industry Report [...]
Samosa most binged snack of 2021; biryani top dish: Swiggy report
New Delhi, Dec 21 (PTI) The humble samosa is India's "most binged snack" of 2021 with about 50 lakh orders, topping the list of the most ordered food during the year, according to food ordering and delivery platform Swiggy. Coming a distant second in the top food orders of the year list was pav bhaji [...]
CreditAccess Grameen to invest up to Rs 250 cr into subsidiary MMFL
New Delhi, Dec 21 (PTI) Microfinance lender CreditAccess Grameen on Tuesday said it will make further investment into subsidiary MMFL up to Rs 250 crore. The company's shareholders in July this year had approved investment in Madura Micro Finance Limited (MMFL), a material subsidiary of CreditAccess Grameen. "The board of directors at their meeting held [...]
Policymakers need to avoid one-upmanship while writing rules: Kotak
Mumbai, Dec 21 (PTI) Billionaire banker Uday Kotak on Tuesday rued that there is a tendency among policymakers to display "one-upmanship" when it comes to adding rules and regulations, which they need to desist from. "We need to keep in mind that as we add more rules and regulations, that it should not be ticking [...]
CAG pulls up ONGC for flaring high-pressure gas worth Rs 816 cr from Mumbai High Field
New Delhi, Dec 21 (PTI) Apex auditor CAG on Tuesday pulled up state-owned ONGC for flaring of high-pressure gas valued at Rs 816.08 crore in the Mumbai High Field during 2012-13 to 2019-20, due to the non-availability of standby process gas compressors, power shutdowns and frequent tripping of process gas compressors. The Comptroller Auditor General [...]
Adar Poonawalla picks up 20 pc stake in JetSynthesys’ subsidiary Wakau
New Delhi, Dec 21 (PTI) Serum Institute of India (SII) Chief Adar Poonawaalla has picked up a 20 per cent stake in Wakau Interactive, a short-video sharing platform and a subsidiary of JetSynthesys, for an undisclosed amount. Poonawalla joins superstar Amitabh Bachchan as Wakau's league of investors. Financial details of the transaction were not disclosed. [...]
Aditya Birla Sun Life’s new fund nets over Rs 2,200 cr
Mumbai, Dec 21 (PTI) Aditya Birla Sun Life Mutual Fund has collected over Rs 2,200 crore from over 1.18 lakh applications for its business cycle fund, which is an open-ended equity scheme following business cycle-based investing theme. The fund was open from November 15-29, and was later reopened for subscription and has so far collected over [...]
JSW Energy (Barmer) buys back shares for Rs 1,000 cr
New Delhi, Dec 21 (PTI) JSW Energy (Barmer) Ltd has completed buy back of 100 crore equity shares for Rs 1,000 crore, the company said on Tuesday. "JSW Energy (Barmer) Limited, a wholly owned subsidiary of the Company, has completed the buyback of 100,00,00,000 equity shares of Rs 10 each at par aggregating to Rs [...]
Tomar releases SOPs for use of drones in farm sector
New Delhi, Dec 21 (PTI) Union Agriculture Minister Narendra Singh Tomar on Tuesday released standard operating procedures (SOPs) for the use of drones in the farm sector, including for spraying pesticides as well as other soil and crop nutrients. The adoption of drone technology is the need of the times and will benefit farmers, he [...]
COMMODITY PRICES
Mumbai, Dec 21 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 725.00 COPPER HEAVY SCRAPS 713.00 COPPER ARMATURE (CREDIT) 692.00 COPPER UTENSILS SCRAP 632.00 CC ROD 766.00 BRASS :- BRASS SHEET CUTTING 542.00 BRASS UTENSIL SCRAP 477.00 BRASS HONEY 465.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]
Travel agents urge Centre to consider homestay model for all states to boost tourism sector
Mumbai, Dec 21 (PTI) The Travel Agents Association of India (TAAI) has urged the central government to consider the 'homestay' model adopted by the Uttarakhand government for other states as well, and said the initiative may help in kick-starting the economy besides boosting the tourism business. The Uttarakhand government aims to boost the economy and [...]
OILSEEDS PRICES
Mumbai, Dec 21 (PTI) OILS (per 10 Kgs) G.Nut Raw 1290.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1160.00 Sunflower Exp.Ref. 1240.00 Cottonseed(Refined) 1180.00 Refined Palm Oil 1135.00 Soyabean Ref. 1175.00 Imp.Soyabean Crude - Rapeseed Ref. 1630.00 Rapeseed Exp. 1600.00 Copra white 1700.00 Rice Bran 4-7% FFA - Rice Bran 1120.00 Linseed 1950.00 Castor [...]
Business highlights
New Delhi, Dec 21 (PTI) Following are the top business stories at 1940 hours: DEL57 BIZ-2NDLD GADKARI-TOLL NHAI toll revenue to jump to Rs 1.40 lakh cr in 3 yrs: Gadkari New Delhi:Toll revenue of the NHAI will soar to Rs 1.40 lakh crore per annum in the next three years from Rs 40,000 crore [...]
FM moves Supplementary Demands in Rajya Sabha; seeks approval for Rs 3.73 lakh cr extra spending
New Delhi, Dec 21 (PTI) Finance Minister Nirmala Sitharaman on Tuesday moved the second batch of Supplementary Demands for Grants for consideration in the Rajya Sabha that authorises the government to spend an additional Rs 3.73 lakh crore during the current fiscal. The Lok Sabha has already approved the demand and the Appropriation (No.5) Bill, [...]
Plan to expand into omni-channel distribution, invest in portfolio of power brands: Snapdeal
New Delhi, Dec 21 (PTI) Value e-commerce marketplace Snapdeal plans to expand into omni-channel distribution using an asset-light model, invest in a portfolio of "power brands" and continue to grow its unit Unicommerce within India and international markets as part of its growth strategy. According to Snapdeal's preliminary documents filed with markets regulator Sebi on [...]
Manappuram Finance plans to raise up to Rs 500 crore via bonds
New Delhi, Dec 21 (PTI) Manappuram Finance on Tuesday said it plans to raise up to Rs 500 crore by issuing bonds. A meeting of the company's Financial Resources and Management Committee of the Board of Directors will be held on December 24 to decide on the capital raise plan. "The company is desirous of [...]
Business briefs
*KFC partners with ISH to launch programme for women Mumbai, Dec 21 (PTI) KFC on Tuesday said it has partnered with Indian School of Hospitality (ISH) to launch 'KFC Area Coaches Programme for Women'. The programme will build a cohort of women leaders by sharpening their operations know-how, business and financial acumen and leadership skills, [...]
Par panel backs govt proposal on penalty, jail term in Pesticide Management Bill
New Delhi, Dec 21 (PTI) Amid concerns expressed by the industry bodies, a parliamentary panel on Tuesday said the proposed penalty and jail term for violation of the Pesticide Management Bill, 2020, are "essential" to check the sale of fake and spurious pesticides in the country. The Bill, which was vetted by the Parliament Standing [...]
Air India paid ‘avoidable’ Rs 43.85 cr penalty for non-compliance with contractual timelines: CAG
New Delhi, Dec 21 (PTI) Air India shelled out an "avoidable" penalty of Rs 43.85 crore to Boeing for non-adherence with the contractually stipulated timelines under the agreement for an aircraft component service programme, according to CAG. The penalty amount was paid in August last year for the July 2016 to December 2019 period. The [...]
Canadian fund CDPQ buys out Bharat Road Network’s Odisha toll road for Rs 2,100cr
Mumbai, Dec 21 (PTI) Kolkata-based road developer Bharat Road Network has sold its entire 40 per cent stake in the 67-km-long Shree Jagannath Expressway in Odisha to an arm of the marquee Canadian infrastructure-focused fund Caisse de dépôt et placement du Québec (CDPQ) for Rs 2,100 crore, according to two sources. The Srei Group, which [...]
Rishi Sunak offers GPB 1 bn grant to UK’s Omicron-hit hospitality businesses
London, Dec 21 (PTI) Recognising that the rise of the Omicron variant of the coronavirus means some businesses are likely to struggle over the coming weeks, UK Chancellor Rishi Sunak on Tuesday announced an additional GBP 1-billion package to fund one-off grants of up to GBP 6,000 per premises for businesses in the hospitality and [...]
Rishi Sunak offers GPB 1 bn grant to UK’s Omicron-hit hospitality businesses
London, Dec 21 (PTI) Recognising that the rise of the Omicron variant of the coronavirus means some businesses are likely to struggle over the coming weeks, UK Chancellor Rishi Sunak on Tuesday announced an additional GBP 1-billion package to fund one-off grants of up to GBP 6,000 per premises for businesses in the hospitality and [...]
Sunfuel ties up with Radisson group to provide EV charging facility across its hotels in India
New Delhi, Dec 21 (PTI) Sunfuel Electric has collaborated with Radisson Hotel Group to provide captive electric vehicle (EV) charging stations across its hotels in India. "Sunfuel Electric, a prominent EV charging player focused on providing destination charging to hotels in India, is joining hands with Radisson Hotel Group, one of the world's largest and [...]
CMS Info Systems IPO subscribed 40 pc on Day 1 of offer
New Delhi, Dec 21 (PTI) The initial public offering of cash management company CMS Info Systems Limited was subscribed 40 per cent on the first day of subscription on Tuesday. The IPO received bids for 1,48,92,132 shares against 3,75,60,975 shares on offer, according to NSE data. The category for Retail Individual Investors (RIIs) was subscribed [...]
Adequate fertiliser available in Haryana, govt assures assembly as oppn alleges its shortage
Chandigarh, Dec 21 (PTI) The Haryana government on Tuesday sought to assure the assembly that an adequate stock of various fertilisers is available in the state. The government gave the assurance in response to the opposition’s allegation that there was a shortage of various manures including di-ammonium phosphate (DAP) and urea in the state and [...]
Reverse move to increase GST on textile items, AIADMK urges Centre
Chennai, Dec 21 (PTI) AIADMK top leader O Panneerselvam on Tuesday urged the Centre to ensure that the GST slab rate is brought down to 5 per cent on textile and apparel items. In the wake of the twin factors of the COVID-19 pandemic for the last two years and huge rise in the price [...]
No Cabinet decision on privatisation of two PSBs: FM
New Delhi, Dec 21 (PTI) The Cabinet has not taken any decision on privatisation of two Public Sector Banks (PSBs), which the government had announced in Budget 2021-22, Parliament was informed on Tuesday. In the Union Budget for financial year 2021-22, the government had announced its intent to take up privatisation of two PSBs in [...]
MGR-COCONUT-PRICES
Mangaluru, Dec 21 (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 [...]
Lunolux gets CCI nod for acquiring controlling stake in Forbes Enviro Solutions
New Delhi, Dec 21 (PTI) The Competition Commission of India has given approval to the acquisition of a controlling stake in Forbes Enviro Solutions by Lunolux Limited. The proposed combination pertains to the acquisition of controlling stake in Forbes Enviro Solutions Ltd (FESL) through the primary acquisition of up to 72.56 per cent stake and [...]
No issue in procurement of raw rice in Telangana; state govt should not mislead farmers: Goyal
New Delhi, Dec 21 (PTI) A day after farmers held a state-wide protest over delay in paddy procurement in Telangana, Union Food Minister Piyush Goyal on Tuesday said there was "no issue" in purchase of 'raw rice' which has risen significantly and asked the state government not to "mislead" cultivators. However, in case of procurement [...]
Jet Freight Migrates from NSE-Emerge Platform to NSE and BSE Main Board
Mumbai, Maharashtra, India (NewsVoir) • The Equity Shares admitted to dealings from Tuesday, 21st December, 2021 on the Main Board-Capital Market Segment of National Stock Exchange of India Limited and BSE Limited.• The script ended on BSE at Rs. 48.35/- (4.88 %) & on NSE at Rs. 48/- (4.12%) on the day of the Migration [...]
Triumph Motorcycles launches new range of Gold Line, Special Edition bikes in India
Mumbai, Dec 21 (PTI) Iconic British premium motorcycle maker Triumph Motorcycles on Tuesday said it has added nine motorcycles to its existing portfolio of 18 motorcycles with the launch of its new range of Gold Line and Special Edition bikes in the domestic market. Triumph Motorcycle India's portfolio now consists of 27 bikes. Of the [...]
Chiratae Ventures, with Lenskart and others, Invest USD 4M in Adloid
New Delhi, Delhi, India (NewsVoir) Chiratae Ventures (Formerly IDG Ventures, India), and Lenskart Vision Fund invests $4 million as part of Adloid’spre series-A funding, to fuel the next level of growth and product evolution. The round also saw participation from Easemytrip Co-founder Prashant Pitti, Seeders, and 100x Entrepreneur. With this round, Adloid is rebranding to [...]
Sri Lankan Cabinet remains divided over seeking IMF bailout to overcome dollar crisis
Colombo, Dec 21 (PTI) The Sri Lankan Cabinet on Tuesday remained divided on the issue of seeking an IMF loan to tide over the acute foreign exchange shortage, which has pushed the island nation into a severe economic crisis. Lanka's Gross Domestic Product contracted by a record 3.6 per cent in 2020 and its foreign [...]
Put in place foolproof IT system, control mechanism to check assessment errors: CAG to CBDT
New Delhi, Dec 21 (PTI) Pointing out significant errors and irregularities in Corporation Tax assessments, apex auditor CAG on Tuesday asked the Central Board of Direct Taxes (CBDT) to put in place a foolproof IT system and internal control mechanism to avoid such recurrences.Comptroller and Auditor General of India (CAG), in a report tabled in [...]
NHAI toll revenue to jump to Rs 1.40 lakh cr in 3 yrs: Gadkari
New Delhi, Dec 21 (PTI) Toll revenue of the NHAI will soar to Rs 1.40 lakh crore per annum in the next three years from Rs 40,000 crore per annum currently, Union minister Nitin Gadkari said on Tuesday. Addressing an event here, the Road Transport and Highways Minister said that there is a huge opportunity [...]
The Elegant, Modern ‘Emperium City’ Gift to Panipat
Building Homes, Building Trust, Bringing Joy Panipat | Chandigarh, India (NewsVoir) • Mediterranean retreat style campus is designed to enhance the lifestyle and happiness of residents. • Comes packed with all green, health and modern amenities. Emperium Group, the trusted real-estate builder of “Happy Homes” which believes in not only building finest homes but building [...]
Adequate fertilisers available in Haryana, govt assures assembly as oppn alleges its shortage
Chandigarh, Dec 21 (PTI) The Haryana government on Tuesday sought to assure the assembly that an adequate stock of various fertilisers is available in the state. The government gave the assurance in response to the opposition’s allegation that there was a shortage of various manures including di-ammonium phosphate (DAP) and urea in the state and [...]
Parliamentary committee suggests manganese ore reserves exploration
New Delhi, Dec 21 (PTI) A Parliamentary committee on Tuesday pitched for exploration of reserves of manganese ore and other minerals in states like Jharkhand, Odisha and Karnataka, an official statement said. The Consultative Committee of Parliament for Ministry of Steel also said a research and development (R&D) team should be constituted to work out [...]
PRICES-BULLION-CLOSE
Mumbai, Dec 21 (PTI) BULLION CLOSING (INCLUSIVE OF OCTROI AND LOCAL CHARGES ) SILVER SPOT (IN RS PER kg ) : 61659.00 STANDARD GOLD (99.5) : 48118.00 PURE GOLD (99.9) : 48311.00 (NOTE : SOURCE THE BOMBAY BULLION COMMITTEE) FOR AFP: ( INCLUSIVE OF OCTROI AND LOCAL TAXES) LONDON 2112 1730 (5:30 pm) SILVER SPOT [...]
New restrictions on banking of power sector to hit country’s renewable energy prospects: Report
New Delhi, Dec 21 (PTI) New restrictions on the power sector's banking will inhibit the growth of the rooftop solar and open-access solar market and potentially slow the progress of India's renewable energy target, according to an analysis of Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. "New restrictions on banking of [...]
Moving Solutions Offers an Exclusive Range of Services from Local to Global
NEW DELHI, Dec. 21, 2021 /PRNewswire/ -- Moving Solutions (Movingsolutions.in) is a renowned transport service booking portal in India. The company is already serving its quality services in India covering the entire country. And recently, it has expanded its horizon globally. With the constant demand of customers, the company has launched new services including office [...]
PRICES MUM BULLION CLOSING
Mumbai, Dec 21 (PTI) SILVER SPOT (IN RS PER kg): 61659.00 STANDARD GOLD (99.5) : 48118.00 PURE GOLD (99.9) : 48311.00 --------------------- PTI MUM SVC SHW SHW
Sebi drops case against Dish TV’s promoter
New Delhi, Dec 21 (PTI) Markets regulator Sebi has disposed of a case of alleged insider trading against Dish TV India's corporate promoter Direct Media Distribution Ventures Pvt Ltd. It was alleged that it had violated provisions of prohibition of insider trading norms, as per an order passed on Tuesday. The order follows an investigation [...]
Steel ministry panel calls for exploration of manganese ore reserves
New Delhi, Dec 21 (PTI) A consultative committee on Tuesday suggested CPSEs to explore of reserves manganese ore and other minerals in states like Jharkhand, Odisha and Karnataka, an official statement said. The Consultative Committee of Parliament for Ministry of Steel also suggested for a research and development (R&D) team to be constituted to work [...]
CE Info Systems shares jump 35 pc in debut trade
New Delhi, Dec 21 (PTI) Shares of CE Info Systems Ltd, the parent of digital mapping company MapmyIndia, on Tuesday listed with a premium of 53 per cent against its issue price of Rs 1,033 and finally settled with a gain of 35 per cent.The stock made its debut at Rs 1,581, a huge gain [...]
Business briefs
BDR Pharma launches generic version of Pazopanib New Delhi, Dec 21 (PTI) BDR Pharma on Tuesday announced the launch of its generic version of Pazopanib, used in certain types of cancer such as kidney and soft tissues, in India under the BDPAZO brand. It will be available in two strengths of 200 mg and 400 [...]
Rupee spurts 31 paise to nearly 2-week high against USD, rises for 4th day
Mumbai, Dec 21 (PTI) Rising for a fourth straight session, the rupee surged by 31 paise to close at a nearly two-week high of 75.59 against the US dollar on Tuesday as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment. Risk sentiment recovered in global markets, helping riskier [...]
Accelerated digitisation to drive 9-12 % dollar revenue growth for domestic IT services firms: ICRA
New Delhi, Dec 21 (PTI) Domestic IT services companies are expected to log a dollar revenue growth of 9-12 per cent in FY2022, driven by accelerated demand for digital technologies from enterprises globally and partly on account of low base of last year due to the COVID-19 impact, ratings agency ICRA said on Tuesday. Industry [...]
Buy Garmin Smartwatches Online on Lowest EMIs on the Bajaj Finserv EMI Store
Purchase your favourite Garmin smartwatch on the EMI Store and avail discounts, deals and attractive gift hampers, additionally, get a free bottle with Garmin watches Pune, Maharashtra, India (NewsVoir) Offering exclusive benefits to fitness enthusiasts and avid gym-goers, the Bajaj Finserv EMI Store has announced never-before-seen offers on Garmin smartwatches across price ranges. Those who [...]
Markets stage a comeback on bargain-hunting; RIL, IT counters spurt
Mumbai, Dec 21 (PTI) Market benchmarks clawed back some lost ground on Tuesday after two days of heavy declines as investors made a cautious return to energy, IT and finance stocks amid supportive global cues. A sharp recovery in the rupee further fuelled the rebound, traders said. The 30-share BSE Sensex opened strong and rallied [...]
DIRECT EXCHANGE RATES
Mumbai, Dec 21 (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 75.00 76.50 74.94 76.66 EUR/INR 84.04 86.92 83.97 87.09 GBP/INR 98.51 101.68 98.43 101.88 JPY/INR 65.55 67.77 65.50 67.90 [...]
JGU Wins “Digital Innovation of the Year” at the Times Higher Education Asia Awards 2021
Sonipat: O.P. Jindal Global University (JGU) has won the “Digital Innovation of the Year” award at the distinguished Times Higher Education (THE) Asia Awards 2021. JGU was the Only Indian University to be Shortlisted for the "Digital Innovation of the Year” JGU’s win at the THE Awards is a recognition of JGU’s successful digital transformation [...]
Sebi releases framework for advisory, portfolio management services for accredited investors
New Delhi, Dec 21 (PTI) Capital markets regulator Sebi on Tuesday came out with framework pertaining to fees for investment advisory services for accredited investors. Also, the regulator put in place guidelines on exit load charges applicable to the client of the portfolio manager. The Securities and Exchange Board of India (Sebi) in August introduced [...]
MONEY-MARKET-OPERATIONS
Mumbai, Dec 21, (PTI) Money Market Operations as on DEC 20, 2021 (Amount in crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment (I+II+III+IV) 4,86,547.93 3.46 2.00-5.45 I. Call Money 12,222.93 3.39 2.00-3.99 II. Triparty Repo 3,63,135.00 3.47 3.32-4.00 III. Market Repo 1,11,142.00 3.41 3.00-4.00 IV. Repo [...]
Axis Bank emerges as highest bidder for Citi consumer biz
New Delhi, Dec 21 (PTI) Private sector Axis Bank has emerged as the highest bidder to buy Citi's consumer banking business, according to sources. American banking major Citibank in April announced its plan to exit from the consumer banking business in India as part of a global strategy. The business comprises credit cards, retail banking, [...]
Mastercard and Google Pay Come together to Facilitate Tokenization for Card-based Payments across India
Mumbai, Maharashtra, India (NewsVoir) • The companies work together to provide consumers choice - strengthening the ease, safety, and security of digital payments in India • Mastercard cards on Axis Bank, Federal Bank, HDFC Bank, HSBC, RBL Bank, and SBI Card are live Mastercard and Google today announced the rollout of tokenization that will enable [...]
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