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Textile stock jumps 5% after company’s board sets record date for 1:10 stock split
The shares of one of India's leading textile companies gained nearly 5% to ₹1,339.95 per share after the board declared the record date for a 1:10 stock split. At 12:55 p.m., Sportking India Ltd shares were trading at ₹1,314.85, reflecting an increase of 2.75 percent from the previous closing price. The company's market capitalization is [...]
Tata group stock jumps after receiving order worth ₹ 96.42 Cr from Govt. of India
The shares of this midcap company jumped around 2 percent in Monday’s trading session after receiving an order worth Rs. 96.42 crores from NewSpace India Limited (a Central Public Sector Enterprise (CPSE) under the Department of Space, Govt. of India. Price Movement: With a market capitalization of Rs. 20,913 crores, the shares of Tejas Networks [...]
Stock hits 10% upper circuit after announcing 1:1 bonus issue
This micro-cap stock engaged in trading engineering tools and components hits the 10 percent upper price band after the announcement of bonus shares issuance in the ratio of 1:1. Price Movement In Monday’s trading session, Bombay Metrics Supply Chain Ltd’s share price hit a 10 percent upper circuit limit reaching Rs.140.8 per share from its [...]
Stock under ₹ 30 hits 20% upper circuit after receiving an order from Ministry of Defence
The shares of this microcap company clocked a 20 percent upper circuit after receiving multiple orders from the Ministry of Defence and the Ministry of Petroleum and Natural Gas. The stock has delivered more than 80 percent return to its shareholders in one year. Price Movement: With a market capitalization of Rs. 11.9 crores, the [...]
Cable stock hits 5% upper circuit after Ashish Kacholia bought 4.97 Lakh shares in it
The share price of a prominent cable manufacturer hit a 52-week high and reached a 5 percent upper circuit limit of Rs.384.55 per share after Ashish Kacholia purchased preferential shares worth Rs.14.24 crore. Price Movement In Monday’s trading session, V-Marc India Limited’s share price opened at a 52-week high of Rs.384.55 per share and also [...]
Smart meter stock hits 5% upper circuit after receiving orders worth ₹ 2,925 Cr
Smart meter stock engaged in manufacturing and providing Meters and Metering Solutions, undertaking 'Engineering, Construction, and Contracts' on a turnkey basis, and many more hit a 5 percent upper circuit upon receiving 3 work orders worth Rs. 2.925 Crores. Price Action With a market capitalization of Rs. 12,400 Crores, the shares of Genus Power Infrastructures [...]
Drone stock under ₹ 5 jumps 9% after receiving international order worth ₹ 26 Cr
The shares of this microcap company surged around 9 percent in Monday’s trading session after receiving international order worth Rs. 26 crores. Price Movement: With a market capitalization of Rs. 52.9 crores, the shares of Vivanta Industries Ltd started Monday’s trading session on a higher note at Rs. 4.19 compared to its previous close of [...]
EV stock hits 10% upper circuit after it launches new EV scooter
The shares of India's leading renewable energy developer and operator surged 10% upper circuit to ₹22.15 per share after the company made its entry into the high-speed electric scooter market with the pre-launch of its scooter, "CHETNA," in the Indian market. Urja Global Ltd shares surged to hit the upper circuit in Monday’s trade, reaching [...]
Stocks in Focus: 8 Stocks that declared bonus and stock split
A stock split means a company divides its existing shares into more shares. The total value of the company stays the same, but investors get more shares for each share they own. A bonus issue, also known as a scrip issue or a capitalization issue, is an offer of free additional shares to existing shareholders. [...]
Auto ancillary stocks with low debt to keep on your radar
The Indian auto ancillaries industry, valued at $57 billion, is a crucial pillar of the automotive sector, contributing 2.3% to the nation's GDP. With over 7,000 players, it supports a vast network of OEMs and aftermarket services. The sector is poised for growth, driven by rising vehicle demand and technological advancements. Here are the Auto [...]
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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
Jio adds 17.6 lakh mobile users in Oct; Airtel, VIL lose subscribers: TRAI data
New Delhi, Dec 20 (PTI) India's largest telecom operator Reliance Jio gained 17.6 lakh mobile subscribers in October 2021 while market rivals Bharti Airtel and Vodafone Idea lost a cumulative 14.5 lakh users during the month, according to the latest data released by TRAI on Monday.Bharti Airtel lost 4.89 lakh mobile users in October, while [...]
Govt will focus on reducing compliance burden: PM assures India Inc during pre-Budget meet
New Delhi, Dec 20 (PTI) Prime Minister Narendra Modi on Monday assured India Inc that the government would focus on reducing the compliance burden while exhorting the top companies to make full use of the production-linked incentive (PLI) scheme. During the pre-Budget deliberations with corporate leaders, he said the government is fully committed to taking [...]
Ahead of IPO, CMS Info Systems raises Rs 330 cr from anchor investors
New Delhi, Dec 20 (PTI) Cash management company CMS Info Systems on Monday said it has garnered Rs 330 crore from anchor investors ahead of its initial public offering (IPO) on Tuesday. The company has allotted 1.53 crore equity shares to 12 anchor investors at Rs 216 apiece, aggregating to Rs 330 [...]
Chopper crash: PNB says expeditiously settled insurance claims of two defence personnel
New Delhi, Dec 20 (PTI) State-owned Punjab National Bank (PNB) on Monday said it expeditiously settled Rs 1 crore worth insurance claims of two defence personnel who died in the helicopter crash at Coonoor earlier this month. Chief of defence staff (CDS) General Bipin Rawat and his wife along with other senior officials were killed [...]
UK Foreign Secretary Liz Truss takes charge as post-Brexit Negotiator
London, Dec 20 (PTI) Britain’s Foreign Secretary Liz Truss on Monday took charge of the additional brief of Lead Negotiator with the European Union (EU) after Lord David Frost resigned his Brexit ministerial post amid concerns over “coercive” COVID lockdown measures.Truss, who had been promoted to the post of Foreign Secretary from the Department for [...]
Union Bank of India raises Rs 1,500 cr
New Delhi, Dec 20 (PTI) State-owned Union Bank of India (UBI) on Monday said it has raised Rs 1,500 crore by issuing bonds to be added as tier-I capital. "The bank has allotted unsecured, subordinated, non-convertible, taxable, perpetual, fully paid-up Basel III compliant additional tier-I bonds on the nature of debentures aggregating to Rs 1,500 [...]
PM Modi meets India Inc for budget inputs
New Delhi, Dec 20 (PTI) Prime Minister Narendra Modi on Monday met with chief executives of leading companies across sectors ranging from banking to telecom, to health and electronics, for inputs for the next year's Budget. Last week, he had met with leading private equity/ venture capital players to seek suggestions on making India a [...]
Jio adds 17.6 lakh mobile users in Oct; Airtel, VIL lose subscribers: TRAI data
New Delhi, Dec 20 (PTI) India's largest telecom operator Reliance Jio gained 17.6 lakh mobile subscribers in October 2021 while market rivals Bharti Airtel and Vodafone Idea lost a cumulative 14.5 lakh users during the month, according to the latest data released by TRAI on Monday. The mobile subscriber base of Reliance Jio surged to [...]
Traders can import refined palm oil without licence till end of Dec 2022: Govt
New Delhi, Dec 20 (PTI) The government on Monday said traders will be allowed to import refined palm oil without licence for one more year till December 2022, a move aimed at increasing domestic supplies and bring down prices of cooking oils. In June, the government removed import restrictions on refined palm oil till December [...]
Supriya Lifescience IPO subscribed 71.51 times on last day of share sale
New Delhi, Dec 20 (PTI) The initial public offer of Supriya Lifescience Limited was subscribed 71.51 times on the last day of share sale on Monday. The initial share sale received bids for 1,03,89,57,138 shares against 1,45,28,299 shares on offer, according to NSE data. The category for non-institutional investors was subscribed 161.22 times while that [...]
Tech Mahindra supports digital transformation of Telefónica Germany’s microwave network
New Delhi, Dec 20 (PTI) IT firm Tech Mahindra on Monday said it has been working with Telefónica Germany to digitally transform its microwave network with open software defined networking (SDN). Telefónica is working to standardise its management interface by collaborating with multiple vendors and partners, according to a statement. "Tech Mahindra is helping Telefónica [...]
Sebi bans launch of new derivative contracts of crude palm oil, few other agri commodities
New Delhi, Dec 20 (PTI) Markets watchdog Sebi has banned the launch of new derivative contracts of crude palm oil, moong, wheat and few other agricultural commodities with immediate effect amid rising inflation. With respect to running contracts, no new position will be allowed to be taken and only squaring up of positions will be [...]
Women workforce representation improves significantly during pandemic: Report
Mumbai, Dec 20 (PTI) Women representation has improved significantly in the workforce across roles and hierarchies despite the challenges faced during the COVID-19 pandemic, according to a report. There was a massive 430 per cent increase in women users in 2021, which is expected to grow in 2022, according to a report by jobs and [...]
Competition Commission approves Tata-Air India deal
New Delhi, Dec 20 (PTI) Competition Commission has approved Tata Group's proposed acquisition of debt-laden Air India as well as its two subsidiaries. The Rs 18,000 crore-deal that includes the winning bidder Talace taking over Rs 15,300 crore-worth debt, is a major step in the government's efforts over the years to revive the ailing airline. [...]
Business highlights
New Delhi, Dec 20 (PTI) Following are the top business stories at 2010 hours: DEL65 BIZ-PM-CEOS PM Modi meets top CEOs for budget inputs New Delhi: Prime Minister Narendra Modi on Monday met with chief executives of leading companies across sectors ranging from banking to telecom, to health and electronics, for inputs for the next [...]
Benchmarks to make tepid gains in 2022; Sensex to reach 62k by Dec next yr: HDFC Securities
Mumbai, Dec 20 (PTI) Citing the already stretched valuations of the domestic market, brokerage HDFC Securities is expecting the indices to make tepid gains in 2022, growing in low single digits, and sees the Sensex at around 62,000 and the Nifty at 18,500-19,000 by December next year. The domestic market has for long been [...]
Bharat Biotech seeks nod for phase-3 trials of intranasal COVID-19 vaccine as booster dose
Hyderabad, Dec. 20 (PTI): Bharat Biotech has sought the Drug Controller General of India’s approval to conduct phase-3 trials of its COVID-19 intranasal vaccine (BBV154) to use as booster dose, sources said on Monday. “The application has been filed and the company is awaiting approval from the drug regulator. The intranasal vaccine will be administered [...]
Maha govt urges hospitality industry to support state EV policy
Mumbai, Dec 20 (PTI) The Maharashtra government on Monday urged the hospitality industry to support the state's EV Policy that aims to convert 15 per cent of the Maharashtra State Road Transport Corporation (MSRTC) fleet into electric vehicles by 2025. "The state's comprehensive EV Policy has been developed to fortify Maharashtra's position as the leading [...]
Capital market direction to depend on corporate earnings, budget in 2022: Kotak Mahindra AMC
Kolkata, Dec 20 (PTI) Capital market direction in 2022 will depend on corporate earnings and the Union budget, Kotak Mahindra Asset Management Company said on Monday when benchmark equity indices slumped over two per cent with market witnessing heavy sell-off across sectors. Kotak Mahindra AMC, which manages Kotak Mutual Fund, said in its Market Outlook [...]
PM Modi meets top CEOs for budget inputs
New Delhi, Dec 20 (PTI) Prime Minister Narendra Modi on Monday met with chief executives of leading companies across sectors ranging from banking to telecom, to health and electronics, for inputs for the next year's Budget. Last week, he had met with leading private equity/ venture capital players to seek suggestions on making India a [...]
Ganga Expressway: Adani Enterprises receives letter of award to implement 3 major stretches
New Delhi, Dec 20 (PTI) Adani Enterprises Ltd (AEL) on Monday said it has received the letter of award from Uttar Pradesh Expressways Industrial Development Authority to implement three major stretches of the greenfield Ganga Expressway. In a statement, the company also said the project cost is over Rs 17,000 crore and this is India's [...]
Advertising volumes on TV grow 3 pc in Nov, more brands using the medium: report
Mumbai, Dec 20 (PTI) Advertising volumes on television grew 3 per cent to 156 million seconds in November when compared to the year-ago period, the Broadcast Audience Research Council said on Monday. However, going by the number of advertisers, the number of brands using the medium to reach out was the highest at 4,669 in [...]
Housing sales may touch pre-COVID level in 2020; rates may go up 5-10 pc: Report
New Delhi, Dec 20 (PTI) Housing sales are likely to reach pre-COVID level in the next year while rates may appreciate by 5-10 per cent during 2022, according to property consultant Anarock. "The Indian residential real estate market seems to have embarked on a long-term upcycle, and 2022 is very likely to fare better than [...]
Sebi bans launch of new derivative contracts of crude palm oil, few other agri commodities
New Delhi, Dec 20 (PTI) Markets watchdog Sebi has banned the launch of new derivative contracts of crude palm oil, moong, wheat and few other agricultural commodities with immediate effect amid rising inflation. With respect to running contracts, no new position will be allowed to be taken and only squaring up of positions will be [...]
Capital market direction to depend on corporate earnings, budget in 2022: Kotak Mahindra AMC
Kolkata, Dec 20 (PTI) Capital market direction in 2022 will depend on corporate earnings and the Union budget, Kotak Mahindra Asset Management Company said on Monday when the Sensex plunged over 1500 points intra-day and closed at a loss of 1189 points. Kotak Mahindra AMC, which manages Kotak Mutual Fund, said in its Market Outlook [...]
Supriya Lifescience IPO subscribed 71.47 times on last day of share sale
New Delhi, Dec 20 (PTI) The initial public offer of Supriya Lifescience Limited was subscribed 71.47 times on the last day of share sale on Monday.The initial share sale received bids for 1,03,83,31,980 shares against 1,45,28,299 shares on offer, according to NSE data.The category for non-institutional investors received 161.22 times subscription, while those for Retail [...]
Competition Comm clears Tatas acquisition of Air India, two subsidiaries
New Delhi, Dec 20 (PTI) Competition Commission has approved Tata Group's proposed acquisition of Air India, Air India Express and AISATS. Talace Pvt Ltd, part of Tata Group, is to acquire 100 per cent stakes in Air India, Air India Express and 50 per cent shareholding in Air India SATS Airport Services Pvt Ltd (AISATS) [...]
Reliance Brands and Anamika Khanna to tie up for fashion brand AK-OK
New Delhi, Dec 20 (PTI) Reliance Brands Ltd (RBL) and Indian couturier Anamika Khanna have agreed to a 60:40 joint venture for owning and developing fashion brand AK-OK, a company statement said on Monday. Known for her eponymous label, Anamika Khanna is well recognised for encapsulating India's rich craft in global contours. A design powerhouse [...]
Applications open for Reliance Foundation scholarships
New Delhi, Dec 20 (PTI) Reliance Foundation on Monday said its scholarship programme to support 100 undergraduate and postgraduate tech students is open for application. First-year undergraduate and postgraduate students from institutes across India pursuing degree programmes in artificial intelligence, computer sciences, mathematics and computing, and electrical and/or electronics engineering are eligible to apply, it [...]
iCreate facilitates investment partnership between Charge+Zone, Gujarat govt for EV charging infra
Mumbai, Dec 20 (PTI) Ahmedabad-based start-up incubation centre iCreate has facilitated an investment partnership worth USD 300 million between Charge+Zone and the Gujarat government to set up 50,000 EV charging stations across the country. The two partners signed an initial pact in this regard on Monday as part of the investment promotion activity for the [...]
Bharat Biotech seeks nod for phase-3 trials of intranasal COVID-19 vaccine as booster dose
Hyderabad, Dec. 20 (PTI): Bharat Biotech has sought the Drug Controller General of India’s approval to conduct phase-3 trials of its COVID-19 intranasal vaccine (BBV154) to use as booster dose, sources said on Monday. “The application has been filed and the company is awaiting approval from the drug regulator. The intranasal vaccine will be administered [...]
Shree Cement to set up Rs 1500 crore cement plant in AP
Amaravati, Dec 20 (PTI) A delegation of officials from Shree Cement on Monday met Chief Minister YS Jagan Mohan Reddy and held discussions for setting up a Greenfield Cement plant in Guntur district at an estimated cost of Rs 1,500 crore. During the meeting with the company officials, the Chief Minister discussed how Andhra Pradesh [...]
RBL Bank raises Rs 5.20cr fund via CSR initiative for inclusive education
New Delhi, Dec 20 (PTI) RBL Bank on Monday said it has raised Rs 5.20 crore through a corporate social responsibility (CSR) initiative focused on cycling in a bid to support education of underprivileged and special needs children. The private sector lender-organised its 8th edition of cyclothon which had 159 cyclists pedal over 1.14 lakh [...]
Business briefs
DICV, PAL trucking inaugurate BharatBenz dealership in Jammu *Expanding its footprint in the Northern region, Daimler India Commercial Vehicles (DICV), in association with PAL Trucking inaugurated the new BharatBenz dealership in Jammu. The opening of the new touchpoint in Jammu, a growing construction hub, reflects the increasing demand for BharatBenz products in J&K and Ladakh, [...]
WEF defers Davos Annual Meeting 2022 due to Omicron outbreak
New Delhi/Geneva, Dec 20 (PTI) The World Economic Forum on Monday said it has decided to defer its Annual Meeting 2022 in the Swiss Alpine ski resort town of Davos in the light of continued uncertainty over the Omicron outbreak. The Annual Meeting, which was scheduled to take place in Davos-Klosters, Switzerland between January 17-21, [...]
Apraava Energy acquires 49 pc stake in interstate transmission project from KPTL, TEECL
New Delhi, Dec 20 (PTI) Apraava Energy on Monday said it has acquired a 49 per cent equity stake in Kohima-Mariani Transmission Ltd from Kalpataru Power Transmission Ltd and Techno Electric and Engineering Company Ltd, for an undisclosed amount. "Apraava Energy, a leading investor in the Indian power sector, today (on Monday) announced that it [...]
Areca, coconut prices
Mangaluru, Dec 20 (PTI): Following are areca and coconut prices. Areca (per quintal) Old Supari : Rs 49,000 to Rs 53,000 model Rs 51,500 New Supari : Rs 38,000 to Rs 45,000 model Rs 43,000 Koka : Rs 35,000 to Rs 40,000 model Rs 37,500 Coconut [per thousand]: 1st qlty : Rs 20,000 to Rs [...]
PRICES-BULLION-CLOSE
Mumbai, Dec 20 (PTI) BULLION CLOSING (INCLUSIVE OF OCTROI AND LOCAL CHARGES ) SILVER SPOT (IN RS PER kg ) : 61106.00 STANDARD GOLD (99.5) : 48333.00 PURE GOLD (99.9) : 48527.00 (NOTE : SOURCE THE BOMBAY BULLION COMMITTEE) FOR AFP: ( INCLUSIVE OF OCTROI AND LOCAL TAXES) LONDON 2012 1730 (5:30 pm) SILVER SPOT [...]
WEF defers Davos Annual Meeting 2022 due to Omicron outbreak
New Delhi/Geneva, Dec 20 (PTI) The World Economic Forum on Monday said it has decided to defer its Annual Meeting 2022 in the Swiss Alpine ski resort town of Davos in the light of continued uncertainty over the Omicron outbreak. The Annual Meeting, which was scheduled to take place in Davos-Klosters, Switzerland between January 17-21, [...]
Business briefs
*Vedanta launches high speed billets for extrusion industry New Delhi, Dec 20 (PTI) Vedanta's aluminium vertical on Monday announced the launch of high-speed billets for the global extrusion industry. The company's global experts on billet extrusion also shared a slew of initiatives as part of its customer technical service cell for unparalleled customer experience. Vedanta [...]
PRICES MUM BULLION CLOSING
Mumbai, Dec 20 (PTI) SILVER SPOT (IN RS PER kg): 61106.00 STANDARD GOLD (99.5) : 48333.00 PURE GOLD (99.9) : 48527.00 --------------------- PTI MUM SVC SHW SHW
Advent of EVs creating opportunities for smaller players, new entrants, start-ups: Report
Mumbai, Dec 20 (PTI) The advent of electric vehicles (EVs) is causing disruptions for incumbents, while creating big opportunities for smaller players, new entrants and start-ups alike, according to a report. It also said the valuations of pure EV businesses are driven by the expected pace of electrification in the segment as well as the [...]
LS passes Supplementary Demands for Grants amid din; permits govt to spend additional Rs 3.73 lakh cr
New Delhi, Dec 20 (PTI) The Lok Sabha on Monday cleared the second batch of Supplementary Demands for Grants authorising the government to spend an additional Rs 3.73 lakh crore during the current fiscal amid protest by the Opposition over various issues. The extra spending includes infusion of over Rs 62,000 crore into the company [...]
Business briefs
DICV, PAL trucking inaugurate BharatBenz dealership in Jammu *Expanding its footprint in the Northern region, Daimler India Commercial Vehicles (DICV), in association with PAL Trucking inaugurated the new BharatBenz dealership in Jammu. The opening of the new touchpoint in Jammu, a growing construction hub, reflects the increasing demand for BharatBenz products in J&K and Ladakh, [...]
School search platform edustoke to expand to 45 cities in India, ME region
New Delhi, Dec 20 (PTI) edustoke, an online platform that provides information and expert advice on school admissions, on Monday said it plans to expand its services to 45 cities in India and abroad by the first half of 2022. The platform is currently servicing 15 cities in the country. The brand is looking to [...]
Cult.fit acquires RPM Fitness, 3 other equipment brands
New Delhi, Dec 20 (PTI) Fitness and wellness startup Cult.fit on Monday said it has acquired at-home cardio equipment brands - RPM fitness, Fitkit and Onefitplus. The deal size was not disclosed. Cult is also making a foray into outdoor bicycles business with acquisition of brand Urban Terrain. "The brands were built and scaled by [...]
Wipro to acquire Edgile for USD 230 mn
New Delhi, Dec 20 (PTI) Wipro on Monday said it will acquire Austin, Texas-headquartered Edgile for USD 230 million, a move that will strengthen the IT major's play in the cybersecurity services space. Edgile's experienced cybersecurity and risk management professionals will allow Wipro to further enhance its cybersecurity and risk consulting capabilities for the benefit [...]
Indian climate action entrepreneur wins United Nations Women’s Award for Leadership Commitment to Gender Equality
BANGALORE, India, Dec. 20, 2021 /PRNewswire/ -- Divya Hegde from Udupi, coastal Karnataka, has won the UN Women's Award for Leadership Commitment at the 2021 Regional Asia-Pacific Women's Empowerment Principles Awards ceremony on November 18th, 2021. She has been recognised for her sustained efforts in advancing gender equality through climate action efforts. Her organisation, Baeru [...]
Cyril Amarchand Mangaldas Advised Nykaa on its IPO
Mumbai, Maharashtra, India (NewsVoir) Cyril Amarchand Mangaldas acted as legal counsel to the book running lead managers on initial public offering (IPO) of FSN E-Commerce Ventures Limited (Nykaa), comprising of 47,575,326 equity shares of face value of INR 1 each for cash at a price of INR 1,125 per equity share (including a share premium [...]
Health Minister Launches E-clinic for the First Time in Bihar
Patna, Bihar, India (NewsVoir) • 100 E-clinics to be setup across Bihar On Saturday, Health Minister Mangal Pandey launched ZiffyHealth’s E-Clinic to improve health services in the state. As per the innovative start-up’s plan, they will be initially having 100 E-clinics. Following that, its number will be gradually increased over the next 18 months. With [...]
Shop for IZI Cameras and Avail Cashback Vouchers Worth up to Rs. 5,000 on the Bajaj Finserv EMI Store
Purchase the latest IZI cameras on No Cost EMI by shopping from the Bajaj Finserv EMI Store, grab alluring offers and discounts to make your purchase affordable Pune, Maharashtra, India (NewsVoir) While buying a feature-packed drone camera is usually considered an expensive affair, the Bajaj Finserv EMI Store has made it extremely affordable and convenient. [...]
Organized Retailers Association Appoints T S Sridhar as President
Ropes in Sales & Distribution veteran T S Sridhar as President of ORA Chennai, Tamil Nadu, India (NewsVoir) Organized Retailers Association, today announced the appointment of Mr. T S Sridhar as the President of ORA (Organized Retailers Association). Mr. T S Sridhar, who has over three decades of experience working in Sales & Distribution teams [...]
ADB to provide USD 112 mn to set up skill university
New Delhi, Dec 20 (PTI) Manila-headquartered multilateral lending agency Asian Development Bank (ADB) will provide a USD 112-million loan to establish a skill university in Assam. "The Government of India and the ADB signed on December 17 a USD 112-million loan to set up a skill university in Assam that will strengthen industry-aligned and flexible [...]
Banks recover Rs 13,100 cr from assets sale of defaulters like Vijay Mallya, Nirav Modi: FM
New Delhi, Dec 20 (PTI) Finance Minister Nirmala Sitharaman on Monday said that banks have recovered Rs 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi. She said this while replying to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok [...]
Investors lose over Rs 11.45 lakh cr in two days of market selloff
New Delhi, Dec 20 (PTI) Investors have lost a hefty Rs 11,45,267.43 crore in two days as the domestic equity market continued to face severe drubbing amid a global selloff. The BSE benchmark Sensex plunged 1,189.73 points or 2.09 per cent to close at 55,822.01 on Monday. During the day, it tanked 1,879.06 points to [...]
Banks recover Rs 13,100 cr from assets sale of defaulters like Vijay Mallya, Nirav Modi: FM
New Delhi, Dec 20 (PTI) Finance Minister Nirmala Sitharaman on Monday said that banks have recovered Rs 13,109.17 crore from asset sale of fugitives like Vijay Mallya, Nirav Modi and Mehul Choksi. She said this while replying to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok [...]
Sensex crashes 1,190 pts as Omicron threat slams global stocks; investors poorer by Rs 6.79 lakh cr
Mumbai, Dec 20 (PTI) Equity indices plunged to over four-month lows on Monday as concerns over surging Omicron cases across the world jolted investors, sparking a heavy selloff in global markets. Relentless selling by foreign investors amid a hawkish tilt by central banks also weighed on sentiment, traders said. The 30-share BSE Sensex slumped 1,189.73 [...]
upGrad Salutes the Job Creators on Shark Tank India; Awards Life Changing Online Courses Worth INR 1.5 Crore
Pitchers (entrepreneurs) will have access to courses like Data Science, Business Analytics, Digital Marketing, MBAs, amongst others Mumbai, Maharashtra, India – Business Wire India upGrad, Asia’s higher EdTech major recently announced that as the presenting sponsor for the reality show – Shark Tank India, on Sony Entertainment Television, it will be awarding life-changing courses worth [...]
Team India for BMW Motorrad International GS Trophy 2022 Announced
Gurugram, Haryana, India – Business Wire India • Winning trio to represent as ‘Team India’ post a thrilling finale at BMW Motorrad GS Trophy 2022 qualifier India. • First time female GS rider representation in qualifier rounds. #SpiritOfGS #GSTrophy2022 #MakeLifeARide BMW Motorrad has announced the finalists for ‘Team India’ who will participate in the BMW [...]
OILSEEDS PRICES
Mumbai, Dec 20 (PTI) OILS (per 10 Kgs) G.Nut Raw 1310.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1170.00 Sunflower Exp.Ref. 1250.00 Cottonseed(Refined) 1190.00 Refined Palm Oil 1150.00 Soyabean Ref. 1180.00 Imp.Soyabean Crude - Rapeseed Ref. 1650.00 Rapeseed Exp. 1620.00 Copra white 1700.00 Rice Bran 4-7% FFA - Rice Bran 1120.00 Linseed 1950.00 Castor [...]
COMMODITY PRICES
Mumbai, Dec 20 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 723.00 COPPER HEAVY SCRAPS 711.00 COPPER ARMATURE (CREDIT) 690.00 COPPER UTENSILS SCRAP 632.00 CC ROD 765.00 BRASS :- BRASS SHEET CUTTING 541.00 BRASS UTENSIL SCRAP 475.00 BRASS HONEY 460.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]
KOLKATA BULLION CLOSING
Kolkata, Dec.20(PTI) : SILVER RDY. (BAR) : Rs.61,550.00(62,150.00) Per Kg.SILVER RDY. (PORTION) : Rs.61,650.00(62,250.00) Per Kg.GOLD (24-CARAT) RDY. : Rs.49,200.00(49,300.00) Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,700.00(46,800.00) Per 10 Gms.HALLMARKED GOLD(22-CARAT) RDY. : Rs.47,400.00(47,500.00) Per 10 Gms. ---- PTI SAM
Tata Power bags contract from SECI for solar and battery project in Chhattisgarh
New Delhi, Dec 20 (PTI) State-owned SECI has awarded a contract to the Tatas for setting up a 100MW solar project with battery energy storage system (BESS) at Rajnandgaon, Chhattisgarh. The project will demonstrate how, by using a large battery storage system like BESS, solar power can be used to provide clean energy during evening [...]
Shriram Properties shares tumble over 16 pc in debut trade
New Delhi, Dec 20 (PTI) Shares of Shriram Properties Ltd on Monday listed with a discount of nearly 24 per cent against its issue price of Rs 118 and settled over 16 per cent lower. The stock listed at Rs 94, a decline of 20.33 per cent from the issue price on the BSE. During [...]
Sri Lanka’s inward remittances fall to lowest in 12 years
Colombo, Dec 20 (PTI) Sri Lanka’s inward foreign remittances fell to USD 271.4 million in November, according to the country’s central bank, which the analysts said was a 12-year low. This represents a drop of over 50 per cent year-on-year with the 2020 November figure of USD 611.7 million, the central bank figures showed. In [...]
AgNext, Spices Board tie up for quality testing solution for Meghalaya’s Lakadong turmeric
New Delhi, Dec 20 (PTI) Agritech start-up AgNext Technologies on Monday said it has tied up with the Spices Board of India to offer AI-based testing technology to check the quality of Meghalaya's renowned Lakadong turmeric. Lakadong turmeric is globally considered to be one of the best-quality turmerics with high curcumin content (between 7-12 per [...]
PSBs recover more than Rs 5.49 lakh crore over last 7 fiscal years: Govt
New Delhi, Dec 20 (PTI) The government has taken comprehensive steps to reduce NPAs and to effect recovery, enabling public sector banks to recover more than Rs 5.49 lakh crore over the last seven fiscal years, the Lok Sabha was informed on Monday. In a written reply, Minister of State for Finance Bhagwat Karad said [...]
India’s exports going strong, says official
Ahmedabad, Dec 20 (PTI) While global trade took a hit during the COVID-19 pandemic, Indian exports showed a turnaround after December last year and are still going strong, a Commerce Ministry official said on Monday. While presenting promising figures about Indian trade and exports, Joint Secretary in the Department of Commerce Amitabh Kumar also stressed [...]
Hamdard launches 13 products across OTX, Unani medicine segments
New Delhi, Dec 20 (PTI) Health and wellness firm Hamdard Laboratories on Monday said it has expanded its product portfolio with the introduction of 13 new products in the OTX (nutraceuticals) and Unani medicine segments. The new OTX range consists of Onion Oil, Kalonji Oil, Ashokarishta, Nozeem, Liquirub, Isabgol++, which are beneficial for skin, hair, [...]
Bidding for DSF-III round to start on Feb 1: DGH
New Delhi, Dec 20 (PTI) Bidding for 75 small and marginal oil and gas discoveries, mostly of ONGC, that are being offered in the DSF-III bid round, will begin on February 1, 2022, the DGH said on Monday. The third bidding round under the Discovered Small Fields policy, DSF-III, was launched on June 10, 2021. [...]
Adloid raises $4mn from Chiratae Ventures, Lenskart, others
New Delhi, Dec 20 (PTI) Adloid, a metaverse and augmented reality builder platform for creators and brands, on Monday said it has raised USD 4 million (about Rs 30.3 crore) in funding from Chiratae Ventures, Lenskart Vision Fund and others. With this round, Adloid is rebranding to Metadome and provide no-code infrastructure to creators and [...]
Job postings continue to remain muted sequentially in Nov: Report
Mumbai, Dec 20 (PTI) Even as the job posting activity remained neutral sequentially in November as economic activity recovers, tier-II cities show positive hiring sentiment, according to a report. According to the Monster Employment Index, job posting activity remained neutral in November this year compared to October. However, hiring demand across industries witnessed a nine [...]
2021 Sustainability Report of Sai Life Sciences highlights the momentum gained in its Sustainability choices
• Report developed as per Global Reporting Initiative (GRI) standards • Extensively deals with the company's response to the Covid-19 pandemic HYDERABAD, India, Dec. 20, 2021 /PRNewswire/ -- Sai Life Sciences, a leading global Contract Research, Development & Manufacturing Organization (CRO/ CDMO), today announced the release of its 2021 Sustainability Report. Developed as per the [...]
Development of various modules of MCA21 portal’s third version in progress: Govt
New Delhi, Dec 20 (PTI) The development and testing of various modules of the corporate affairs ministry's MCA21 portal, which will leverage analytics, artificial intelligence and machine learning, is in progress, Union minister Rao Inderjit Singh said on Monday. MCA21 is the key platform for companies to submit the required documents and filings under the [...]
Gold declines Rs 142; silver tanks Rs 615
New Delhi, Dec 20 (PTI) Gold in the national capital on Monday declined by Rs 142 to Rs 47,480 per 10 gram amid rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,622 per 10 gram. Silver also moved lower by Rs 615 to Rs 60,280 per kg [...]
Rupee firms up 16 paise to 75.90 against USD on easing crude prices
Mumbai, Dec 20 (PTI) The rupee notched up gains for a third straight session on Monday, rising further by 16 paise to settle at 75.90 (provisional) against the US dollar as easing crude oil prices revived an otherwise lacklustre sentiment. Massive sell-offs in domestic equities, sustained foreign fund outflows and concerns around Omicron variant of [...]
Omicron scare: Sensex nosedives 1,190 pts on global selloff
Mumbai, Dec 20 (PTI) Equity benchmark Sensex plunged 1,190 points on Monday as concerns over the impact of surging Omicron cases across the world spooked investors, triggering an intense selloff in global equities. The 30-share index slumped 1,189.73 points or 2.90 per cent to end at 55,822.01. Similarly, the NSE Nifty tanked 371 points or [...]
IBA condemns govt for withdrawing subsidy on biogas plants
The government withdrew subsidy/CFA of all kinds of biogas plants.This will jeopardize Indian dream of becoming self-sufficient in fossil fuels,” an IBA (Indian Biogas Association) statement said, as it condemned the government’s decision.The industry is seeking government support in this matter. “Indian Biogas Association condemns the government’s decision on withdrawal of subsidy /CFA of all [...]
Ixigo, Sahajanand Medical Technologies, Keventer Agro get Sebi’s go-ahead to float IPOs
New Delhi, Dec 20 (PTI) Le Travenues Technology Ltd, which operates travel platform Ixigo, has received markets regulator Sebi's go-ahead to raise Rs 1,600 crore through an initial share-sale. Apart from this, cardiac stent maker Sahajanand Medical Technologies and food and beverage major Keventer Agro have received regulatory approval from Sebi to float their initial [...]
Coal to stay as major source of energy in foreseeable future: Joshi
New Delhi, Dec 20 (PTI) Coal will stay as a major source of energy in the foreseeable future as it is an affordable source of energy with substantial reserve, Parliament was informed on Monday. Despite push for renewables, the country will require base load capacity of coal-based generation for stability and also for energy security, [...]
DIRECT EXCHANGE RATES
Mumbai, DEC 20 (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 75.36 76.86 75.30 77.02 EUR/INR 84.18 87.06 84.11 87.23 GBP/INR 99.10 102.28 99.02 102.48 JPY/INR 65.95 68.18 65.90 68.31 [...]
MONEY-MARKET-OPERATIONS
Mumbai, Dec 20, (PTI) Money Market Operations as on Dec 17, 2021 (Amount in crore, Rate in Per cent) VOLUME Weighted MONEY MARKET (ONE LEG) Average Rate Range A. Overnight Segment (I+II+III+IV) 6,667.80 3.57 2.70-5.70 I. Call Money 1,139.80 3.37 2.70-4.00 II. Triparty Repo 5,480.00 3.60 3.00-4.20 III. Market Repo 0.00 - IV. Repo in [...]
PRICES MUM BULLION OPEN
Mumbai, Dec 20 (PTI) OPENING RATES SILVER SPOT (IN RS PER kg): 61243.00 STANDARD GOLD (99.5) : 48542.00 PURE GOLD (99.9) : 48737.00 -------------------- PTI MUM SVC SHW SHW
Crude oil futures dip on weak spot demand
New Delhi, Dec 20 (PTI) Crude oil prices on Monday fell by Rs 206 to Rs 5,192 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for January delivery dropped by Rs 206, or 3.82 per cent, to Rs 5,192 per barrel with a business volume of 5,147 lots. Analysts [...]
Silver futures drop on subdued demand
New Delhi, Dec 20 (PTI) Silver futures on Monday eased by Rs 687 to Rs 61,450 per kg as participants reduced their bets on low demand. On the Multi Commodity Exchange, silver contracts for March delivery tumbled by Rs 687, or 1.11 per cent, to Rs 61,450 per kg in a business turnover of 11,611 [...]
Brokers want time limit be imposed on Sebi to issue show-cause notices; reduction in minimum fine on small investors
New Delhi, Dec 20 (PTI) Ahead of the Union Budget, stock brokers' association Anmi has urged the government to prescribe a time limit on Sebi for issuance of show-cause notices and cut down minimum fine on small investors to Rs 1 lakh from Rs 5 lakh at present for market violation rules. At present, the [...]
Gold futures fall on low demand
New Delhi, Dec 20 (PTI) Gold prices on Monday fell by Rs 202 to Rs 48,392 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 202, or 0.42 per cent, to Rs 48,392 per 10 gram in [...]
WardWizard lines up Rs 500 cr investment in Gujarat
New Delhi, Dec 20 (PTI) WardWizard Innovations and Mobility Ltd on Monday said it will invest Rs 500 crore for the development of the electric vehicle segment in Gujarat. The company said it has inked a memorandum of understanding (MoU) with the Gujarat government to foster the growth of the electric vehicle industry and meet [...]
Aluminium futures decline on low demand
New Delhi, Dec 20 (PTI) Aluminium prices on Monday fell by 1.29 per cent to Rs 217.70 per kg in futures market as participants trimmed their positions on a subdued trend in spot market. On the Multi Commodity Exchange, aluminum for delivery in December declined by Rs 2.85, or 1.29 per cent, to Rs 217.70 [...]
Zinc futures down on muted demand
New Delhi, Dec 20 (PTI) Zinc prices on Monday fell by 1.36 per cent to Rs 278.55 per kg in futures trade, as speculators reduced their exposure taking negative cues from spot market. On the Multi Commodity Exchange, zinc contracts for December delivery traded lower by Rs 3.85, or 1.36 per cent, to Rs 278.55 [...]
PXIL launches I-DAS to make power trading more cohesive for market participants
New Delhi, Dec 20 (PTI) Power Exchange India Ltd (PXIL) on Monday announced the launch of Integrated Day Ahead Spot market (I-DAS), a collective transaction, which integrates transactions for renewable energy (RE) along with conventional energy. "India's first institutionally promoted power exchange, Power Exchange India Ltd (PXIL), has launched the Integrated Day Ahead Spot market [...]
Adani Transmission completes 897 circuit km power transmission line in UP
New Delhi, Dec 20 (PTI) Adani Transmission Limited (ATL) on Monday said it has completed the construction of one of the India’s longest intra-state transmission lines of 897 circuit km. The transmission line, set up by ATL subsidiary Ghatampur Transmission Ltd (GTL) will connect Ghatampur thermal power station in Kanpur district to Hapur substation in [...]
China to issue new-year commemorative coins
Beijing, Dec 20 (PTI) China's central bank will issue a set of commemorative coins starting next week in celebration of the new year. The set of three coins, all legal tenders, includes one gold, one silver and one two-colour copper alloy coins, the People's Bank of China said in a statement. The gold and silver [...]
Nickel futures down on subdued demand
New Delhi, Dec 20 (PTI) Nickel futures on Monday declined by Rs 25.50 to Rs 1,522.60 per kg due to reducing of positions by investors amid sluggish demand in spot market. On the Multi Commodity Exchange, nickel contracts for December delivery fell by 25.50, or 1.65 per cent, to Rs 1,522.60 per kg with a [...]
Copper futures decline on tepid spot demand
New Delhi, Dec 20 (PTI) Copper prices on Monday fell 0.94 per cent to Rs 733.70 per kg in futures trade as participants trimmed their bets amid a weak trend in domestic market.On the Multi Commodity Exchange, copper for delivery in December was trading lower by Rs 6.95, or 0.94 per cent, at Rs 733.70 [...]
Pi Green Innovations raises over $4.5 Million in Series A funding led by Opus Investments
The cleantech company plans to utilize this investment towards ramping up manufacturing capabilities, R&D and pan-India expansion PUNE, India, Dec. 20, 2021 /PRNewswire/ -- Pi Green Innovations, a cleantech company committed to creating sustainable solutions for a greener future has announced that it has secured over $4.5 million in Series A funding. The round was [...]
TVS Motor partners what3words to offer easy navigation to 2-wheeler users
New Delhi, Dec 20 (PTI) TVS Motor Company on Monday said it has partnered with location technology provider what3words to offer a seamless and accurate navigation experience to its two-wheeler customers. The company has integrated the innovative location technology of what3words into its customer app – TVS Connect, which the users can share and navigate [...]
Platinum Evara Launches its Latest Collection to Celebrate the Joy of Being You
Mumbai, Maharashtra, India (NewsVoir) Young women today aren’t afraid to be their true authentic selves and rejoice in their own unique interpretation of femininity. They are not fighting to prove their worth as a woman but confidently occupying that seat at the table, resplendent in the knowledge of their innate capabilities and qualities. They chart [...]
Mahindra group inks pact with Maha govt to set up multiple vehicle-scrapping units
New Delhi, Dec 20 (PTI) Mahindra group on Monday said it has signed of a memorandum of understanding (MoU) with the Maharashtra government for setting up multiple vehicle-scrapping units in the state. Mahindra MSTC Recycling Pvt Ltd, which operates recycling facilities under the Cero brand, already has a recycling facility at Pune and is looking [...]
BGE-COMML-VEGETABLES
Bengaluru, Dec 20 (PTI) Following are Monday's Vegetable rates quoted at Agriculture Produce Marketing Committee (APMC), Rates per Quintal. Cauliflower 1000-5000, Brinjal 350-7000, Tomato 266-6200, Bitter Gourd 2777-6500, Bottle Gourd 1800-4200, Ash Gourd 800-1600, Green Chilly 250-7820, Banana green 500-20000, Beans 400-7200, Green Ginger 800-5000, Carrot 1000-7000, Cabbage 1000-5000, Ladies Finger 300-7600, Snake gourd 1500-4500, [...]
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