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NBFC stock hits 5% upper circuit after entering into collaboration with RBL Bank
In Tuesday’s trading session, the shares of a customer-centric finance company hit a 5% upper circuit at Rs. 89.35 on BSE, after the company entered into a co-lending agreement with RBL Bank Limited. With a market capitalisation of Rs. 1,133.5 crores, the shares of Finkurve Financial Services Limited opened in the green at Rs. 89.3, [...]
Stock jumps 20% after signing an agreement worth ₹ 100 Cr with PhonePe
In Tuesday’s trading session, the shares of a leading player in the electronics industry surged by nearly 20 percent to hit a new 52-week high at Rs. 1,144 on BSE, after the company signed a Master Supply Agreement (MSA) with PhonePe, valued at Rs. 100 crores. With a market capitalisation of Rs. 396.5 crores, at [...]
Mukul Agrawal stock jumps after DII bought 1.6 Lakh shares in the company
The shares of India's leading luxury watch boutique chain rose by 2% to ₹3,371.90 per share on Tuesday following a stake purchase by a domestic institutional investor. At 10:45 a.m., Ethos Ltd. shares were trading at ₹3,301.60 per share, down 0.04% on the National Stock Exchange from the previous close price. The company has a [...]
Should you buy Mazagon Dock Shipbuilders or book your profits?
The share price of one of India’s leading warship builders fell around 9 percent in two trading days after the brokerage assigned a sell rating for a downside of 74%. At 9:30 a.m., On Tuesday, Mazagon Dock Shipbuilders Ltd (MDSL) shares were trading at ₹4,565.20, reflecting a decrease of 3.38 percent from the previous closing [...]
Semiconductor stock hits 5% upper circuit after announcing entry into new business segment
The shares of this smallcap company locked a 5 percent upper circuit after announcing of expansion into new business segments and product lines. In just six months, the stock has delivered more than 100 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 1,423 crores, the shares of RIR Power Electronics [...]
Monopoly stock jumps 15% after receiving certification from Min. of Science and Technology
Monopoly stock engaged in manufacturing mechanical seals and spares jumped nearly 15 percent after renewal of certification for its facilities from the Ministry of Science and Technology. Market Movement Shares of Sealmatic India Limited, engaged in manufacturing mechanical seals and spares, soared nearly 15 percent during Monday’s trading session, reaching an intra-day high of Rs.664 [...]
Realty stock hits 20% upper circuit after securing orders worth ₹ 500 Mil
The shares of this micro-cap stock engaged in realty operating services and trading in infrastructure materials hit a 20 percent upper circuit after securing orders worth nearly Rs.500 million for civil construction. Price Variation In Monday’s trading session, the shares of Croissance Limited hit 20 percent upper circuit reaching Rs.5.41 per share from its previous [...]
Ambani stock hits 5% upper circuit after Adani in talks to acquire its power project
Ambani stock engaged in the business of developing, constructing, and operating power projects hits 5 percent upper circuit in the day’s trade after Adani Group in talks to buy its 600 MW thermal power plant. Price Action With a market capitalization of Rs. 13,180 Crores, the shares of Reliance Power Limited hit a 5 percent [...]
3 Stocks in which FII bought shares worth ₹ 300 Cr
BofA Securities Europe SA recently acquired shares worth approximately Rs.300 crore in three Indian companies, significantly boosting their financial performance and enhancing investor confidence. BofA Securities offers a range of financial services, including fixed income, currency, and commodities trading, as well as investment banking advisory, underwriting, and post-trade services. The three Indian companies in which [...]
Maharatna PSU stock jumps 4% after it announces capex plan of ₹ 1.7 Lakh Cr
Maharatna Central Public Sector undertaking engaged in producing, refining, and distributing petroleum products, and providing fuel services, gas, lubricants, and many more jumped 4 percent in the day’s trade following capital outlay plans of Rs. 1.7 Trillion. Price Action With a market capitalization of Rs. 1,48,332 Crores, the shares of Bharat Petroleum Corporation Limited were [...]
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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
Panthira Exchange holds a special event ‘Raven Game’ with 100,000 RVN prize
BANGALORE , India, Dec. 21, 2021 /PRNewswire/ -- For Ravencoin, who won the 'Crypto World Championship' last time, a special event for RVN alone will be held to celebrate her victory at Panthira. 'Raven Game' is a parody of the 'Squid Game', which became popular on Netflix recently, and the winner who survives the final [...]
ARTIST for Her pioneers digitalization to transform the future of women’s healthcare
Bengaluru-based training and skills transfer institute, led by Dr. Hema Divakar, ahead of time in identifying and implementing the importance of digital platform BENGALURU, India, Dec. 21, 2021 /PRNewswire/ -- While the world is increasingly moving towards digitalization because of the Covid-19 pandemic, Bengaluru-based ARTIST for Her (Asian Research and Training Institute for Skill Transfer), [...]
Business briefs
NPCI partners with Udemy Business for skill development of employees New Delhi, Dec 21 (PTI)The National Payments Corporation of India (NPCI) has partnered with online learning and teaching platform Udemy Business for skill development of its employees. NPCI, as part of its Talent Development for All, is betting big on the capability building of its [...]
Entrepreneurial Mindsets Curriculum (EMC) to benefit 40,000 students in Andhra Pradesh
- 9th grade students in 370 schools could transform their life outcomes BANGALORE, India, Dec. 21, 2021 /PRNewswire/ -- In what could be a big boost to the life outcomes of over 40000 students when they complete their school education, the government of Andhra Pradesh has launched an ambitious Entrepreneurial Mindset Development Program (EMDP) across [...]
IOC acquires 5% stake in IGX
The Indian Oil Corporation (IOC) acquired a 4.93% stake in IGX for a cost of ~3.7 crores.This is an opportunity for IOC to be a part of India’s natural gas market, and eventually gain a leadership position.IOC’s board has approved an investment of ₹9,028 crores, for laying a crude oil pipeline from Mundra in Gujarat [...]
Bridgestone Corp rejigs India operations
New Delhi, Dec 21 (PTI) Japanese tyre major Bridgestone Corporation on Tuesday announced organisational changes in its Indian operations, with Rajarshi Moitra to become Chief Commercial Officer and Sunil Puri appointed as Head of Sustainability.The changes are part of the company's strategy for the evolving Indian market and its thrust on sustainability in sync with [...]
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 for [...]
Enphase Energy India commissions 103 kWp rooftop solar project in Bengaluru
New Delhi, Dec 21 (PTI) Enphase Energy India on Tuesday announced the commissioning of a rooftop solar project of 103 kilowatts-peak (kWp) in Bengaluru. Without disclosing any financial details, the company said the project has been installed for IndiQube Lakeside, a co-working space provider. The generated solar power will help meet 25 per cent of [...]
Medtronic Engineering and Innovation Center Is Now Great Place to Work-Certified™ From November 2021 to November 2022
Certification reflects High-Trust, High-Performance Culture™ within the organization Hyderabad, India – Business Wire India Medtronic Engineering & Innovation Center (MEIC) today announced that they have been Great Place to Work – Certified™, the world’s most trusted authority and a Gold Standard in identifying and recognizing great workplace cultures, across various organizations of different sizes. MEIC [...]
HDFC Life Wins the ‘Best Governed Company Listed Segment: Large Category’ at the 21st ICSI National Awards for Excellence in Corporate Governance
Mumbai, Maharashtra, India (NewsVoir) HDFC Life, one of India’s leading life insurance companies, has been adjudged the ‘Best Governed Company Listed Segment: Large Category’ at the 21st edition of the ICSI National Awards for Excellence in Corporate Governance. The award was presented by Hon’ble Union Minister of Home Affairs and Minister of Cooperation, Shri Amit [...]
No recommendation by GST Council to bring petroleum products under new tax regime
New Delhi, Dec 21 (PTI) The GST Council has not recommended bringing petroleum products under the reformed taxation regime even as certain representations have been made to the government to include petrol and diesel in GST, Parliament was informed on Tuesday. Excise duty on petroleum products is calibrated time to time for generating resources for [...]
Jharkhand petrol pumps on strike demanding reduction in VAT
Ranchi, Dec 21 (PTI) Around 1,400 petrol pumps across Jharkhand remained closed on Tuesday, demanding reduction in Value Added Tax (VAT), their association said.The strike evoked an overwhelming response as all the petrol pumps in the state remained shut since morning, said Jharkhand Petroleum Dealers' Association (JPDA) general secretary Sharad Dudani."We were left with no [...]
Kauvery Hospital Successfully Treats Rare Movement Disorders
Chennai, Tamil Nadu, India (NewsVoir) • Five-year-old girl child and 20-year-old male receive treatment for rare Movement Disorders • Right medical intervention administered at the right time key for effective recovery Kauvery Hospital Chennai, a unit of Kauvery Group of Hospitals, a leading multispecialty healthcare chain in Tamil Nadu, today announced successful treatments of rare [...]
KOLKATA BULLION CLOSING
Kolkata, Dec.21(PTI) : SILVER RDY. (BAR) : Rs.61,500.00(61,550.00) Per Kg.SILVER RDY. (PORTION) : Rs.61,600.00(61,650.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.48,850.00(49,200.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,350.00(46,700.00) Per 10 Gms.HALLMARKED GOLD(22-CARAT) RDY. : Rs.47,050.00(47,400.00) Per 10 Gms. ---- PTI SAM
Gold tanks Rs 172; silver jumps Rs 342
New Delhi, Dec 21 (PTI) Gold in the national capital on Tuesday dipped by Rs 172 to Rs 47,246 per 10 gram amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,418 per 10 gram. Silver in contrast jumped Rs 342 to Rs 60,508 per kg from [...]
India adds 8,530 MW RE capacity till November this fiscal: Singh
New Delhi, Dec 21 (PTI) India has added 8,530.92 megawatts (MW) of renewable energy capacity, including large hydro units, during April-November of the current fiscal, which is higher than 8,058.10 MW added in the entire 2020-21, Parliament was informed. During April-November 2021, 8,530.92 MW of the renewable energy capacity, including large hydro, was added in [...]
Captive power producers urge govt to ensure normal coal supplies
New Delhi, Dec 21 (PTI) A captive power producers' association has urged the government for 100 per cent normalisation of coal supply to captive power producers while blaming independent power generators for the coal crisis and "complete crash of whole system". The Indian Captive Power Producers' Association (ICPPA) alleged that independent power producers did not [...]
NRI industrialist Lord Swraj Paul eyes UK, India acquisitions
London, Dec 21 (PTI) Leading London-based entrepreneur Lord Swraj Paul has revealed acquisition plans in the UK and India in the coming months, once the “very dark times” of the Omicron variant related COVID-19 surge abates. The 90-year-old founder of Caparo Group said this week that his team had identified a few potential acquisitions, which [...]
Sensex surges 497 pts; Nifty ends above 16,750
Mumbai, Dec 21 (PTI) Equity benchmark Sensex rebounded 497 points on Tuesday after a two-day selloff, tracking gains in index majors Reliance Industries, ICICI Bank and HDFC Bank amid a positive trend in other Asian markets. The 30-share BSE index jumped 497 points or 0.89 per cent to end at 56,319.01. Similarly, the NSE Nifty [...]
Rupee jumps 31 paise to end at 75.59 against US dollar
Mumbai, Dec 21 (PTI) The rupee surged by 31 paise to close at 75.59 (provisional) against the US dollar on Tuesday as positive domestic equities and a weak American currency in the overseas markets boosted investor sentiment. At the interbank forex market, the domestic unit opened strong at 75.74 against the greenback and witnessed an [...]
NTPC plans to have 35 GW of RE capacity by 2027, to generate 10 BU green energy in 2022-23
New Delhi, Dec 21 (PTI) State-owned power giant NTPC has planned to have a total renewable energy (RE) capacity of 35 gigawatts (GW) by 2027 and is expected to generate 10 billion units (BU) of green energy in 2022-23, Parliament was informed on Tuesday. "The expected green energy generation by NTPC in the next fiscal [...]
RS Filmcraft infuses Rs 5 cr into Go Digit General Insurance
New Delhi, Dec 21 (PTI) Go Digit General Insurance has received capital infusion of Rs 5 crore from R S Filmcraft, the new-age general insurance company said on Tuesday. RS Filmcraft (OPC) has invested Rs 50 million (Rs 5 crore) in Go Digit General Insurance, the insurer said in a release. Go Digit is a [...]
Tilaknagar Industries raises Rs 126 cr from promoters, Lotus Family Trust
New Delhi, Dec 21 (PTI) Liquor maker Tilaknagar Industries Ltd on Tuesday said it has raised Rs 126 crore through preferential allotment of equity shares and convertible warrants to Lotus Family Trust and two promoter entities. The company, one of the leading Indian-made foreign liquor (IMFL) manufacturers, has issued 1.19 crore equity shares at Rs [...]
Poonawalla Fincorp Loans: The Easiest Option for Diverse Financing Needs
Get the right financing option for all your unique requirements Pune, Maharashtra, India (NewsVoir) Poonawalla Fincorp, formerly known as Magma Fincorp, is a trusted name in the industry for offering best-in-class services to their customers. With a strong network of 250+ branches, the company has more than 5 lakh happy customers. For those looking for [...]
JioFiber crosses 1 lakh fiber broadband connections mark in Uttarakhand
Dehradun, Dec 21 (PTI) JioFiber, the high-speed fiber broadband service of Reliance Jio, has achieved the milestone of over one lakh fiber broadband connections across Uttarakhand. JioFiber is now available in 17 towns and cities across the state, including Dehradun, Haldwani, Haridwar, Rudrapur, Nanital, Mussoorie, Roorkee, Rishikesh, Kashipur, Jaspur, Kichha, Sitarganj, Kotdwar and Vikasnagar. In [...]
Business briefs
NPCI partners with Udemy Business for skill development of employees New Delhi, Dec 21 (PTI)The National Payments Corporation of India (NPCI) has partnered with online learning and teaching platform Udemy Business for skill development of its employees. NPCI, as part of its Talent Development for All, is betting big on the capability building of its [...]
IIIT Hyderabad announces 1-year Research Translation Fellowship for working professionals
Program to work on creating products and solutions from research Take courses under Professors along with the research translation work Products in healthcare, mobility, smart cities and more using AI. IOT, NLP. CV. robotics and other emerging technologies HYDERABAD, India, Dec. 21, 2021 /PRNewswire/ -- IIIT Hyderabad announces a year-long Research Translation Fellowship for working [...]
Experion Technologies Is Now Great Place to Work – Certified™
THIRUVANANTHAPURAM, India, Dec. 21, 2021 /PRNewswire/ -- Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. On having acquired this recognition, Binu Jacob, MD & CEO at Experion Technologies, [...]
Crude oil futures gain on spot demand
New Delhi, Dec 21 (PTI) Crude oil prices on Tuesday rose by Rs 77 to Rs 5,225 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for January delivery traded higher by Rs 77, or 1.5 per cent, to Rs 5,225 per barrel in 4,924 [...]
RBI empanells CSB Bank to undertake banking biz of central, state govts
New Delhi, Dec 21 (PTI) Private sector lender CSB Bank on Tuesday said it has been empanelled as an 'agency bank' by the Reserve Bank of India (RBI) to undertake general banking business of central and state governments. This appointment will allow CSB Bank to undertake general banking business of the central and state governments [...]
MSN Group’s US subsidiary completes maiden audit by USFDA
New Delhi, Dec 21 (PTI) Homegrown pharmaceuticals entity MSN Group on Tuesday said its US-based wholly-owned subsidiary has successfully completed its maiden audit by the USFDA with zero observations.The dosages facility of MSN Pharmaceuticals Inc, based out of Piscataway, New Jersey, was established to bolster the group's product portfolio as well as contract development and [...]
Silver futures rise on spot demand
New Delhi, Dec 21 (PTI) Silver prices on Tuesday rose by Rs 290 to Rs 61,707 per kg in futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for March delivery gained Rs 290, or 0.47 per cent, to Rs 61,707 per kg in 11,861 [...]
Gold futures fall on low demand
New Delhi, Dec 21 (PTI) Gold prices on Tuesday fell by Rs 71 to Rs 48,169 per 10 gram in futures trade as speculators reduced their positions amid low demand. On the Multi Commodity Exchange, gold contracts for February traded lower by Rs 71, or 0.15 per cent, to Rs 48,169 per 10 gram in [...]
Aluminium futures up on spot demand
New Delhi, Dec 21 (PTI) Aluminium prices on Tuesday rose by 0.35 per cent to Rs 216.90 per kg in futures trade as speculators built up fresh positions amid a positive trend in spot market. On the Multi Commodity Exchange, aluminum contracts for December delivery gained 75 paise, or 0.35 per cent, to Rs 216.90 [...]
Zinc futures edge up on robust demand
New Delhi, Dec 21 (PTI) Zinc prices on Tuesday rose by Rs 2 to Rs 281.15 per kg in futures trade, tracking a firm trend in physical markets. On the Multi Commodity Exchange, zinc contracts for December traded higher by Rs 2, or 0.72 per cent, to Rs 281.15 per kg with a business turnover [...]
Nickel futures gain on firm spot demand
New Delhi, Dec 21 (PTI) Nickel prices on Tuesday increased by 0.7 per cent to Rs 1,536.10 per kg in futures trade, as speculators built up fresh positions amid rising demand from alloy makers in spot market. On the Multi Commodity Exchange, nickel contracts for December delivery gained Rs 10.70, or 0.7 per cent, to [...]
Copper futures rise on high spot demand
New Delhi, Dec 21 (PTI) Copper prices on Tuesday traded up by 0.51 per cent to Rs 742.10 per kg in futures market on the back of a pick-up in spot demand. On the Multi Commodity Exchange, copper contracts for delivery in December traded higher by Rs 3.75, or 0.51 per cent, to Rs 742.10 [...]
Auto component industry cautiously optimistic for growth in FY22 despite COVID woes
New Delhi, Dec 21 (PTI) The auto component industry remains 'cautiously optimistic' for the growth of the industry in the current fiscal year despite concerns of another wave of the pandemic, industry body ACMA said on Tuesday. The turnover of the automotive component industry stood at Rs 1.96 lakh crore (USD 26.6 billion) in April-September [...]
Kerala Blasters announces partnership with Delfrez
Kochi, Dec 21 (PTI) Kerala Blasters FC has announced its partnership with leading poultry conglomerate Suguna Foods’ newly launched brand, Delfrez for the ongoing season of ISL 2021-22. Delfrez is a chain of retail outlets that operates under the processed food division of Suguna Foods Pvt. Ltd, a pioneer in broiler farming, hatcheries, feed mills, [...]
Intangles Lab looks to consolidate presence across country, multiply footprint in south India
Mumbai, Dec 21 (PTI) Predictive analytics solutions provider Intangles Lab is looking to consolidate its presence across the country besides multiplying its operational footprint across the southern part of the country by March next year, the company said on Tuesday. The company also said that with many markets opening and emerging from the post-pandemic slump, [...]
Remo D’Souza launches #MojBanaHitHoJa Challenge in the Bigg Boss House
• The Director Choreographer initiated the challenge exclusively in the Bigg Boss House and is now open to viewers • Winners of the challenge get a chance to meet Salman Khan and create content with Remo D'Souza MUMBAI, India, Dec. 21, 2021 /PRNewswire/ -- Bigg Boss has maintained its position over so many years as [...]
Waaree Energies supplies 2 MW solar modules to DK Solar and Ventures Pvt Ltd
MUMBAI, India, Dec. 21, 2021 /PRNewswire/ -- Waaree Energies, India's leading solar PV module manufacturer, has Supplied 335 Wp Poly solar modules for a project developed by, DK solar and Ventures Pvt Ltd for M/S Talco Dindigul Tanners Enviro control system pvt. Ltd. The size of the project is 2 MW located at Dindigul, Tamilnadu. [...]
India’s oil production continues to slide; down 2% in Nov
New Delhi, Dec 21 (PTI) India's production of crude oil, which is refined to produce petrol and diesel, continued to decline in November, with lower output from state-owned firms leading to an over 2 per cent drop, official data released on Tuesday showed. Crude oil production in November was 2.43 million tonnes, down from 2.48 [...]
Guar seed futures rise on fresh bets
New Delhi, Dec 21 (PTI) Guar seed prices on Tuesday rose by Rs 81 to Rs 6,152 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.On the National Commodity and Derivatives Exchange, guar seed for January contracts increased by Rs 81, or 1.33 per cent, [...]
Soybean futures slip on muted demand
New Delhi, Dec 21 (PTI) Soybean prices on Tuesday fell by Rs 48 to Rs 5,958 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery fell Rs 48, or 0.8 per cent, to Rs 5,958 per quintal [...]
HMSI initiates exports of NAVi bike to US market
New Delhi, Dec 21 (PTI) Honda Motorcycle and Scooter India (HMSI) on Tuesday said it has initiated exports of NAVi bike via Honda de México to the US market. HMSI had commenced export of NAVI CKD kits to Mexico in July 2021 and has so far dispatched over 5,000 kits to the country. "The NAVi [...]
Soybean futures slip on muted demand
New Delhi, Dec 21 (PTI) Soybean prices on Tuesday fell by Rs 48 to Rs 5,958 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery fell Rs 48, or 0.8 per cent, to Rs 5,958 per quintal [...]
HMSI initiates exports of NAVi bike to US market
New Delhi, Dec 21 (PTI) Honda Motorcycle and Scooter India (HMSI) on Tuesday said it has initiated exports of NAVi bike via Honda de México to the US market. HMSI had commenced export of NAVI CKD kits to Mexico in July 2021 and has so far dispatched over 5,000 kits to the country. "The NAVi [...]
Soybean futures slip on muted demand
New Delhi, Dec 21 (PTI) Soybean prices on Tuesday fell by Rs 48 to Rs 5,958 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for January delivery fell Rs 48, or 0.8 per cent, to Rs 5,958 per quintal [...]
HMSI initiates exports of NAVi bike to US market
New Delhi, Dec 21 (PTI) Honda Motorcycle and Scooter India (HMSI) on Tuesday said it has initiated exports of NAVi bike via Honda de México to the US market. HMSI had commenced export of NAVI CKD kits to Mexico in July 2021 and has so far dispatched over 5,000 kits to the country. "The NAVi [...]
Renew Power adds 300 MW; total capacity addition at 1.5 GW in FY22
Mumbai, Dec 21 (PTI) Renew Power, which is traded on the Nasdaq exchange, has commissioned a 300 megawatt SECI solar project in Rajasthan, taking its total operating asset to a record 7.4 gigawatt till date.The Gurugram-based company has installed a record 1.5 GW of renewable energy projects so far this fiscal year despite the pandemic [...]
Rising demand lifts refined soya oil futures
New Delhi, Dec 21 (PTI) Refined soya oil prices on Tuesday rose by 1 paise to Rs 1,148.5 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for January delivery moved up by 1 paise, or 0.01 per cent, to Rs 1,148.5 per [...]
Guar gum futures gain on spot demand
New Delhi, Dec 21 (PTI) Guar gum prices on Tuesday gained Rs 192 to Rs 11,060 per five quintal in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher 1.77 per cent, or Rs 192, to Rs 11,060 per [...]
ZR Power inks pact with Maharashtra govt to build energy plants/data centres
New Delhi, Dec 21 (PTI) ZR Power Holdings has inked a pact with the Maharashtra government to build sustainable energy manufacturing plants/data centres having world-class facilities in Pune and Navi Mumbai with a development potential of Rs 1,200 crore."ZR Power Holdings Limited, a leading energy producer from Hyderabad has embarked on a new journey by [...]
Govt slashes import duty on refined palm oil to 12.5 pc to cool retail prices
New Delhi, Dec 21 (PTI) Concerned over high prices of cooking oils, the government has reduced the basic customs duty on refined palm oil to 12.5 per cent from 17.5 per cent till March next year to boost domestic supplies and bring down rates in the domestic retail markets. With reduction in the basic custom [...]
BGE-COMML-VEGETABLES
Bengaluru, Dec 21 (PTI) Following are today's Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-5000, Brinjal 350-7000, Tomato 266-6200, Bitter Gourd 3000-7000, Bottle Gourd 1800-4000, Ash Gourd 800-1600, Green Chilly 250-9500, Banana green 500-20000, Beans 400-7200, Green Ginger 750-5000, Carrot 1500-7000, Cabbage 1000-5200, Ladies Finger 300-8500, Snakeguard 1500-4200, Beetroot [...]
BGE-COMML-COMMODITIES
Bengaluru, Dec 21 (PTI) Following are today's commodities prices (All rates in Rs/quintal): Rice Fine 4400-5000: Medium 4000-4800: Jowar 2200-2600: Jaggery cube 4700-4900: Jaggery ball 4600-4800: Coriander Seed 9000-13000: Chilies fine 26000-28000: Potato Big 2000-3000: Medium 1600-2000: Onion Big 3000-3500: Medium 2000-3000: Small 1000-2000: Tamarind 8500-15000: Garlic 3000-8000: Horsegram 3600-4500: Wheat 2800-3200 Turmeric 8000-15000: Turdhal [...]
Coriander futures rise on spot demand
New Delhi, Dec 21 (PTI) Coriander prices on Tuesday rose Rs 92 to Rs 8,814 per quintal in futures trade as speculators widened their holdings tracking firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for January delivery went up Rs 92, or 1.05 per cent, to Rs 8,814 per [...]
Cottonseed oil futures fall on soft demand
New Delhi, Dec 21 (PTI) Cottonseed oil cake prices on Tuesday declined by Rs 7 to Rs 2,834 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. [...]
SBI acquires minority stake in JSW Cement for Rs 100 cr
Mumbai, Dec 21 (PTI) The country's largest lender State Bank of India (SBI) has acquired a minority stake in JSW Cement Ltd with an investment of Rs 100 crore via compulsorily convertible preference shares (CCPS).This capital infusion will support JSW Cement's capacity expansion from the current 14 million tonnes per annum to 25 MTPA, a [...]
Spinny completes ESOP buyback worth $12 mn
Mumbai, Dec 21 (PTI) Pre-owned car retailing platform Spinny on Tuesday announced the completion of USD 12 million (about Rs 90 crore) ESOP buyback for its current and former employees.This is the first ESOP (employee stock ownership plan) buyback that Spinny, which recently onboarded former cricketer Sachin Tendulkar as a strategic investor, has facilitated.ESOP is [...]
udazH, India’s First Portable Molecular Hydrogen Inhaler Launched For Consumers Across The Country
Mumbai, 21 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 [...]
Snapdeal files papers with Sebi to raise funds via IPO
New Delhi, Dec 21 (PTI) E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for [...]
Team Russia Wins the BMW Golf Cup World Final in Dubai
India’s Parita Vinod Kothari wins the individual Ladies competition Gurugram, Haryana, India & Munich, Germany, Dubai, United Arab Emirates– Business Wire India • Highlight of the biggest international tournament series for amateur golfers takes place at Jumeirah Golf Estates (Dubai, UAE) with 26 teams from 20 countries. • Russia wins the National Team competition, ahead [...]
KOLKATA BULLION OPENING
Kolkata, Dec.21(PTI): SILVER RDY (BAR) : Rs.61,550.00 Per Kg.SILVER RDY(PORTION) : Rs.61,650.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.49,200.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,700.00 Per 10 Gms.HALLMARKED GOLD (22-CARAT) RDY. : Rs.47,400.00 Per 10 Gms. ---- PTI SAM
Octopus Energy, Sterlite Power team up to decarbonise Indian industry
New Delhi, Dec 21 (PTI) Octopus Energy and Sterlite Power have inked a pact to help decarbonise the Indian industry and bring cheaper green power to consumers around the world."Energy technology pioneer Octopus Energy Group and leading Indian power transmission player Sterlite Power have signed an agreement that aims to help decarbonise Indian industry and [...]
Dhanuka Agritech signs pact with GB Pant University for research in agro chemical
New Delhi, Dec 21 (PTI) Leading agro-chemical firm Dhanuka Agritech on Tuesday announced it has signed an MoU with Uttarakhand-based Govind Ballabh Pant University of Agriculture and Technology GBPUAT) to jointly conduct research in crop protection chemicals. The memorandum of understanding (MoU) was signed by Director of Experiment Station Ajeet Singh Nain on behalf of [...]
Vedix plays Secret Santa; announces 2nd edition of Soundarya Beauty Festival
● Encouraged by the success of 1st edition of Vedix Beauty Festival which added 40% to the bottom-line, brand announces 2nd edition of Soundarya Beauty Festival ● Becomes the first pure play D2C brand to host a month-long beauty festival second time in a row ● Launches limited edition gift packs to celebrate festivities with [...]
Oriental Insurance Co categorised as public shareholder in Axis Bank
New Delhi, Dec 21 (PTI) Axis Bank on Tuesday said The Oriental Insurance Company has been categorised to public category from promoter category shareholder in the bank. In October, applications were made to BSE and NSE for reclassification of The New Oriental Insurance Co to public category from promoter category. "In this regard...BSE and NSE [...]
World’s First Stress Relief Gummies with 175 mg Ashwagandha Launching in India
Coimbatore, Tamil Nadu, India – Business Wire India Wellness Brand Nidra Nutrition, a part of Supercluster Pi(House of Brands), has launched its product line introducing the world’s first stress relief gummies containing 175 mg of Ashwagandha. This new product is a part of the company's mission to focus on health and sustainability. Nidra Nutrition's Pre-Sales [...]
Fortum Charge collaborates with Charge+Zone to strengthen EV charging network
New Delhi, Dec 21 (PTI) Fortum Charge & Drive India has collaborated with Charge+Zone to strengthen and combine EV (electric vehicle) charging network."Fortum Charge &a Drive India Pvt Ltd (Fortum C&D), a leading Electric Vehicle (EV) charging service provider, has signed a memorandum of understanding (MoU) with Charge+Zone, a tech-driven EV Charging infrastructure company (based [...]
Fuel prices in Lanka hiked; govt says talks on with India for LoC
Colombo, Dec 21 (PTI) Sri Lanka’s state oil entity and the Indian Oil Corporation’s local subsidiary have raised the prices of petrol and diesel amidst a severe foreign exchange crisis in the country even as the government said that negotiations are underway with India and Oman to work out credit lines for fuel purchases. The [...]
Honda de México initiates exports of NAVi bike to US market
New Delhi, Dec 21 (PTI) Honda Motorcycle & Scooter India (HMSI) on Tuesday said Honda de México has initiated exports of NAVi bike to the US market. HMSI had commenced export of NAVI CKD kits to Mexico in July 2021 and has so far dispatched over 5,000 kits to the country. "The NAVi deliveries to [...]
SBI acquires minority stake in JSW Cement for Rs 100 cr
Bengaluru, Dec 21 (PTI) The State Bank of India (SBI) has acquired a minority stake in JSW Cement Limited, part of USD 13 billion JSW Group. The PSU Banking behemoth has invested Rs 100 crore in the company via compulsorily convertible preference shares (CCPS), a JSW Cement statement said on Tuesday. "The conversion of such [...]
Cellecor launches a new lifestyle range of Smartwatches and Neckbands in India
● Premium and affordable watches and neckbands for everyday use ● Smartwatches are equipped with real-time health monitors and 15 sport modes ● Bluetooth 5.0 for better connectivity and HD Sound New Delhi, 21 December 2021: Cellecor- A fast-growing mobile handsets entity launched its premium yet affordable range of smart wearables and audio accessories. The [...]
Piramal Pharma invests Rs 101.77 cr for minority stake in Yapan Bio
New Delhi, Dec 21 (PTI) Piramal Pharma on Tuesday said it has invested Rs 101.77 crore in Hyderabad-based Yapan Bio to augment the capabilities of its contract development and manufacturing organisation (CDMO) business.The Mumbai-based company has acquired a 27.78 per cent stake in Yapan as a result of the investment.The investment will allow Piramal Pharma [...]
Japan throws good money after bad
Kawasaki (Japan), Dec 21 (360info) Japan, a stalwart of cash society, is shifting to digital as the pandemic pushes payments into a new paradigm.Cash is still king. But since 2011, the cashless payment ratio has more than doubled, and in 2020 cashless payments accounted for 29.7 percent of consumption spending in Japan.Several private, QR-code-based payment [...]
Transform and Evolve: Uniview 3rd Global Partner Summit Recap
HANGZHOU, China, Dec. 21, 2021 /PRNewswire/ -- Uniview held its 3rd Global Partner Summit "Transform. Evolve." in the form of live streaming during its 10th Anniversary. The invitation-only virtual event featured discussions on how surveillance industry can tackle the challenges after COVID-19 – forcing the transition to a new normal, post-pandemic future. CEO of Univew, [...]
BCT Digital ranks among Chartis Research’s top 100 RiskTech companies, globally
CHENNAI, India, Dec. 21, 2021 /PRNewswire/ -- BCT Digital, the fintech company of Bahwan CyberTek Group, announced that it has been listed and ranked amongst the top 100 RiskTech companies by Chartis Research in its recently published RiskTech100 2022 report. For the last 15 years, Chartis has been undertaking a comprehensive study of the capabilities [...]
Upstox, Acko, Urban Company, Licious & more; Critical Tech Leadership Searches Mark Purple Quarter’s Eventful Headhunt in 2021
BANGALORE, India, Dec. 21, 2021 /PRNewswire/ -- Businesses in 2021 were dealing with the aftermath of Coronavirus, which required cutting-edge technologies to scale, disrupt and establish a foothold in the new normal, leading to an increased demand for technologists. Keeping up with this pulse, Purple Quarter successfully closed 27 stellar Tech Head positions. There has [...]
CE Info Systems shares list with 53% premium
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. The stock made its debut at Rs 1,581, a huge gain of 53.04 per cent from the issue price on [...]
Pace Robotics raises seed funding from Pidilite
BANGALORE, India, Dec. 21, 2021 /PRNewswire/ -- Construction Robotics Startup, Pace Robotics, has raised seed investment from Pidilite Industries Ltd, who has acquired an equity stake of 19.5% in the company. The fund will be used for product development and core team expansion. Founded in 2020 by Ayushmoy Roy and Srinivas K Pai, the startup [...]
QuEST Global partners with NXP to deliver integrated and secure platforms for Vehicle Networking
Helps automotive OEMs and Tier-1s to develop next-gen S32G vehicle processing designs and address software complexity and security challenges BENGALURU , India, Dec. 21, 2021 /PRNewswire/ -- QuEST Global, a global product engineering services company, announced today its partnership with NXP® Semiconductors to deliver software support for NXP's S32G Vehicle Network Processors. QuEST will provide [...]
Snapdeal files papers with Sebi to raise funds via IPO
New Delhi, Dec 21 (PTI) E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for [...]
Jumbotail raises $85 mn in funding from Invus affiliate, others
New Delhi, Dec 21 (PTI) B2B e-commerce marketplace for food and grocery products Jumbotail on Tuesday said it has raised USD 85 million (about Rs 643.6 crore) in funding led by Artal Asia Pte Ltd, an affiliate of Invus.Ajax Capital, the family office of veteran FMCG entrepreneur Ajay Gupta, also participated in the Series C [...]
Sirona raises Rs 100 cr from Good Glamm Group
New Delhi, Dec 21 (PTI) Feminine hygiene startup Sirona on Tuesday said it has raised Rs 100 crore in funding from Good Glamm Group. The round also saw secondary buyout with early investors including seed and angel investors taking an exit, a statement said. Sirona - which makes products like PeeBuddy and menstrual cups - [...]
Rupee gains 17 paise against US dollar in early trade
Mumbai, Dec 21 (PTI) The rupee appreciated 17 paise to 75.73 against the US dollar in the opening session on Tuesday, tracking heavy buying in domestic equities and a weak American currency in the overseas market.However, surging crude prices restricted the rupee’s gain, traders said.At the interbank foreign exchange, the rupee opened strong at 75.74 [...]
Consumer durables industry: Double digit growth hopes brighten 2022 horizon despite chip shortage concerns
India’s consumer durables industry hopes for double-digit growth YOY, due to a shift in consumer behaviour.Manufacturers are gearing up to make the most of the government’s PLI scheme for white goods.There is a strong demand for premium, energy-efficient, IoT and AI-based products as people continue to work remotely. The demand for premium and technologically advanced [...]
Piaggio Aprilia scooters to be available at over 100 Motoplex stores in south India
Mumbai, Dec 21 (PTI) The Indian subsidiary of Italian premium scooter maker Piaggio has said its new Aprilia scooter range will be available at its over 100 Motoplex multi-brand retail stores across southern states. The southern region accounts for almost 45 per cent in Piaggio India's overall two-wheelers sales in the country, according to the [...]
Where to Find the Best FD Interest Rates – Bank, Post office or NBFCs?
Pune, Maharashtra, India (NewsVoir) When it comes to building wealth or augmenting one’s income, investing is the best bet. Experienced investors often have diversified portfolios. They invest in various asset classes, some of which may be low-risk-moderate-yield options, others high-risk with the potential for high yield. Ultimately, it boils down to risk appetite, and in [...]
Gruhas Proptech plans to launch USD 150 mn-proptech focussed fund
New Delhi, Dec 21 (PTI) Gruhas Proptech, backed by Zerodha promoter and Puzzolana Group, plans to launch a USD 150 million proptech focussed fund in the first quarter of next financial year that will invest in incubators, startups and special situations, its officials said. The company is currently in discussion with the large global investors [...]
Arcesium Expands Geographic Footprint with Delhi NCR Office
New office will initially staff over 300 employees across technology and Financial Services, expected to triple in the next two years DELHI, India AND NEW YORK, Dec. 21, 2021 /PRNewswire/ -- Arcesium LLC, a leading global financial technology and professional services firm, announced today that it has expanded its India-based operations with a new office [...]
Jumbotail raises an USD 85 million series C round led by Invus
Bengaluru, Dec 21 (PTI) Jumbotail, a retail platform and B2B ecommerce marketplace for food and grocery products, on Tuesday said it has raised an USD 85 million Series C round led by Artal Asia Pte. Ltd., an affiliate of Invus, a global equity investment firm with over USD ten billion of evergreen capital under management. [...]
Innovation to Scale – reimagining the digital payments narrative through innovation
- Lyra India partners with IAMAI for Digital Money 2021 MUMBAI, India, Dec. 21, 2021 /PRNewswire/ -- Thanks to the favorable regulatory climate, government's initiative, eCommerce growth, ever-growing enthusiastic customer base and not to forget, the Pandemic, India's digital payment system has witnessed tremendous growth taking India to the fore of digital payment innovation! As [...]
China Matters Shows the Innovative Apple-Growing in Yantai
BEIJING, Dec. 20, 2021 /PRNewswire/ -- Yantai, a coastal city in north China, has been known by its high-quality apple varieties and a history of apple growing for over 150 years. With the label of "Yantai apples" worth US$2.35 billion, the city contributes a whopping 50% of China's exported apples to the rest of the [...]
STL launches VMWare-powered programmable FTTx for broadband connectivity
MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- STL (NSE: STLTECH), an industry-leading integrator of digital networks, today announced general availability for Programmable FTTx (pFTTX), a software-defined, open, and disaggregated solution that will make fibre networks highly intelligent and responsive. The solution is now listed on VMware Telco Cloud Infrastructure 2.0 OpenStack Edition Platform. STL has [...]
Sensex jumps over 600 pts in early trade; Nifty tests 16,800
Mumbai, Dec 21 (PTI) Equity benchmark Sensex surged over 600 points in early trade on Tuesday, tracking gains in index majors ICICI Bank, Infosys and Reliance Industries amid a positive trend in other Asian markets.The 30-share index jumped 635.96 points or 1.14 per cent to 56,457.97 in the opening trade. Similarly, the Nifty advanced 187.05 [...]
Business schedule for Tuesday, Dec 21
DELHI: * Indian Captive Power Producers Association (ICPPA) press conference (1200 hrs) * ACMA virtual press briefing (1200 hrs) * MoU signing between SunFuel Electric and Radisson Hotels (1430 hrs) MUMBAI: * Kotak Investment Banking presser (1200 hrs) * Godrej Appliances launch presser (1200 hrs) * NSE Prime launch (1700 hrs). PTI ANS ANS
Govt cuts import duty on refined palm oil to 12.5%
The BCD on refined palm oil has been reduced from 17.5% to 12.5%.Traders can import it without a license till December 2022.The prices, however, are expected to remain 25% to 30% higher than in 2019.According to SEA, the effective levy on both refined palm oil and pamoline will come down to 13.75 per cent. The [...]
More women beneficiaries joining insurance schemes PMJJBY, PMSBY, says govt
New Delhi, Dec 20 (PTI) Greater number of women beneficiaries are joining the demand-driven Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana with over 13.68 crore enrollment, the government said in Parliament on Monday. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) were launched in [...]
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