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Midcap stocks with high piotroski score of 9 to add to your watchlist
The Piotroski score, which ranges from zero to nine, evaluates a company's financial health based on nine factors. To identify the best-value companies, the Piotroski score is employed, with nine being the best and zero representing the worst. Here are the 3 stocks with a high Piotroski Score of up to 9; Triveni Turbine Ltd [...]
Why have FPIs stake dropped to 12-year lows in Indian markets?
Foreign Portfolio Investment (FPI) refers to the purchase of financial assets, such as stocks and bonds, by investors from one country in the markets of another country. This type of investment is characterised by its passive nature, meaning that investors do not seek to control or manage the companies in which they invest. Instead, they [...]
Steel stocks with low PE ratio to keep an eye on
The price-to-earnings (P/E) ratio measures a company's share price relative to its earnings per share. A high P/E ratio may suggest that a stock is overvalued, with investors paying more for each unit of earnings growth. Conversely, a lower P/E ratio compared to market averages or industry peers is generally considered advantageous, as it indicates [...]
Stocks to Watch: 5 Stocks that will trade ex-dividend next week
Dividends are a share of a company's profits paid out to shareholders as a reward for their investment. These periodic payments offer investors a consistent income stream and indicate the company's financial health and stability. For investors seeking reliable income and sustained growth, grasping dividend policies and trends is crucial. Here are five stocks that [...]
Hidden Gems: 4 Stocks that are key players in the nuclear energy sector
Nuclear energy is useful as it provides a reliable, low-carbon source of electricity that significantly reduces greenhouse gas emissions, contributing to climate change mitigation and energy security. However, investors should remain aware of the cyclical nature of the industry and the inherent risks involved in commodity-based investments. Here is a list of a few nuclear [...]
Anil Ambani stocks in focus after companies reduce their losses by 65% in Q1
Anil Ambani is an Indian businessman who serves as the chairman and managing director of the Reliance Group. He had a remarkable business career, marked by both successes and challenges. However, in recent years he has faced significant financial difficulties, resulting in legal battles over debt repayment. Despite these challenges, Anil Ambani has remained an [...]
Stock under ₹ 100 jumps after reporting 1,037% YoY increase in net profits
The shares of this microcap company jumped upto 2 percent in Friday’s trading session after announcing an increase in net profits by 1,037 percent. Price Movement: With a market capitalization of Rs. 299 crores, the shares of Uma Exports Ltd started Friday’s trading session on a flatter note at Rs. 87.50 compared to its previous [...]
Stock under ₹ 50 jumps 15% after reporting 8,829% QoQ increase in net profits
The shares of this microcap company surged around 15 percent in Friday’s trading session after reporting an increase in net profits by 8,829 percent QoQ. The stock has delivered more than a 30 percent return to its shareholders in one year. Price Movement: With a market capitalization of Rs. 68.3 crores, the shares of Swarnsarita [...]
Multibagger stock with 2,015% returns jumps 4% after declaring 1:5 stock split
Multibagger stock engaged in providing EPC and O&M services to companies operating in telecom, solar energy, and infrastructure jumped 4 percent in the day’s trade upon declaring a record date for the split of equity shares of the company in the ratio of 1:5 Price Action With a market capitalization of Rs. 6,870 Crores, the [...]
Mukul Aggarwal stock jumps 7.5% after its net profit increases by 178% YoY
Mukul Aggarwal stock engaged in construction and engineering services reached a 52-week high of Rs.364.05 per share, rising 7.2 percent after reporting an increase of 178 percent in net profits year-over-year. Share Price Variation In Friday’s trading session, the share price of Capacite Infraprojects Limited reached an intra-day high of Rs.364.05 per share from its [...]
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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

BGE-COMMODITIES
Bengaluru, Dec 20 (PTI) Following are Monday'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 [...]
Soybean futures slip on muted demand
New Delhi, Dec 20 (PTI) Soybean prices on Monday fell by Rs 299 to Rs 5,980 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 299, or 4.76 per cent, to Rs 5,980 per quintal [...]
A Grand Celebration of Success: 2000+ Degrees Awarded to 2021 Batch of Students at Manav Rachna Educational Institutions
Faridabad, Haryana, India (NewsVoir) • Close to 2000 undergraduate, postgraduate and doctoral students given degrees over two days at Manav Rachna • Sh. Bandaru Dattatreya, Hon’ble Governor of Haryana and Dr.Mahendra Nath Pandey, Union Minister for Heavy Industries preside over the ceremony as the Chief Guest • 11 astute academicians, corporate leaders and administration heads [...]
Refined soya oil futures fall on low demand
New Delhi, Dec 20 (PTI) Refined soya oil prices on Monday fell Rs 8.2 to Rs 1,182 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in December declined by Rs 8.2, or 0.69 per cent, [...]
Sellers welcome CCI’s suspension of Amazon-Future deal
New Delhi, Dec 20 (PTI) Indian Sellers Collective (ISC) on Monday welcomed the Competition Commission of India's (CCI) order to suspend its approval for Amazon's deal with the Future Group signed in 2019, while seeking speedy resolution of pending cases against the multinational e-commerce platform and related parties. ISC, which claims to be an umbrella body [...]
Guar Seed futures decline on low demand
New Delhi, Dec 20 (PTI) Guar seed prices on Monday went down by Rs 55 to Rs 6,050 per 10 quintal in futures trade. the National Commodity and Derivatives Exchange, guar seed contracts for January delivery was trading at Rs 6,050 down by Rs 55, or 0.9 per cent per 10 quintal with an open [...]
Guar gum futures fall on low demand
New Delhi, Dec 20 (PTI) Guar gum prices on Monday fell Rs 223 to Rs 10,850 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for December delivery fell by Rs 223, or 2.01 per cent, [...]
Croma increases its share of EMI transactions using Innoviti’s G.E.N.I.E technology
- Witnesses surge in zero-cost EMIs in non-traditional categories like cameras, computer accessories, audio systems and kitchen durables BENGALURU, India, Dec. 20, 2021 /PRNewswire/ -- Croma, India's first omnichannel electronics retailer from the Tata Group, has partnered with Innoviti Payment Solutions, introducing Innoviti's G.E.N.I.E technology across their stores enabling zero-cost EMI on purchase of any [...]
Coriander futures rise on spot demand
New Delhi, Dec 20 (PTI) Coriander prices on Monday rose Rs 20 to Rs 8,870 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 December delivery went up Rs 20, or 0.23 per cent, to Rs 8,870 per [...]
KAnalysis Consultants to Set up ‘Help-Desk’ to Assist and Guide India’s E-commerce Players and Manufacturers
Help-Desk to provide an indelible boost to India’s MSME sector/Startups, enabling them to find easy advice on selling nationally or going international and leveraging Tax Incentives New Delhi, Delhi, India (NewsVoir) KAnalysis Consultants, a leading Delhi-based Intellectual Property (IP) boutique firm which manages global IP portfolios for clients, outlined plans today to set up a [...]
Bizongo raises $110 mn funding from Tiger Global, others
New Delhi, Dec 20 (PTI) B2B ecommerce and supply chain enablement platform Bizongo on Monday said it has raised USD 110 million (about Rs 836 crore) in funding, led by New York-based Tiger Global Management. With the latest round, Bizongo's valuation has soared to USD 600 million. The series D round also had new investments [...]
Bangladesh’s Largest Solar Power Plant Installed with Sungrow Central Inverter Solutions Comes Online
KHULNA, Bangladesh, Dec. 20, 2021 /PRNewswire/ -- Sungrow, the global leading inverter solution supplier for renewables, announced recently that Bangladesh's largest PV project -- the 130 MWp Bagerhat solar power plant with Sungrow's central inverter solutions installed came into commercial operation in late December 2021. Working closely with ABB and Orion Group, Sungrow will offer [...]
FASTagPro: A One-stop Solution to your FASTag Recharge Woes
Kolkata, West Bengal, India (NewsVoir) With over 300 million vehicles on the roads, India is moving faster day by day & is recovering from the pandemic gradually. With the launch of FASTag, the waiting time at Toll Plazas has reduced significantly, resulting in an enhanced user experience - which saves time, and cuts fuel costs [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Dec 20 (PTI) Cottonseed oil cake prices on Monday increased by Rs 10 to Rs 2,871 per quintal in futures trade as speculators created fresh positions driven by firm spot demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded up by Rs 10, or 0.35 per [...]
Liberty General Insurance Partners CSC e-Governance Services India to Expand Rural Reach
MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- Liberty General Insurance, one of the fastest growing General Insurance companies in India today entered into a partnership with CSC e-Governance Services India under the Ministry of Electronics and Information Technology (MeitY), Government of India. Through this agreement Liberty will further strengthen its presence in rural areas across [...]
The Biryani House Aims to Open 50 District Master Franchises Across India by the End of 2022
Mumbai, Maharashtra, India (NewsVoir) The Biryani House, India’s fastest upcoming delivery platform which serves India’s largest variety of delicious Dum Biryanis apart from melting in mouth Kebabs & Curries plans to open 50 district master franchises across India by the end of year 2022. The Biryani House has a plan to capitalise the Biryani market [...]
Liberty General Insurance Partners CSC e-Governance Services India to Expand Rural Reach
MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- Liberty General Insurance, one of the fastest growing General Insurance companies in India today entered into a partnership with CSC e-Governance Services India under the Ministry of Electronics and Information Technology (MeitY), Government of India. Through this agreement Liberty will further strengthen its presence in rural areas across [...]
The Biryani House Aims to Open 50 District Master Franchises Across India by the End of 2022
Mumbai, Maharashtra, India (NewsVoir) The Biryani House, India’s fastest upcoming delivery platform which serves India’s largest variety of delicious Dum Biryanis apart from melting in mouth Kebabs & Curries plans to open 50 district master franchises across India by the end of year 2022. The Biryani House has a plan to capitalise the Biryani market [...]
Liberty General Insurance Partners CSC e-Governance Services India to Expand Rural Reach
MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- Liberty General Insurance, one of the fastest growing General Insurance companies in India today entered into a partnership with CSC e-Governance Services India under the Ministry of Electronics and Information Technology (MeitY), Government of India. Through this agreement Liberty will further strengthen its presence in rural areas across [...]
The Biryani House Aims to Open 50 District Master Franchises Across India by the End of 2022
Mumbai, Maharashtra, India (NewsVoir) The Biryani House, India’s fastest upcoming delivery platform which serves India’s largest variety of delicious Dum Biryanis apart from melting in mouth Kebabs & Curries plans to open 50 district master franchises across India by the end of year 2022. The Biryani House has a plan to capitalise the Biryani market [...]
Liberty General Insurance Partners CSC e-Governance Services India to Expand Rural Reach
MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- Liberty General Insurance, one of the fastest growing General Insurance companies in India today entered into a partnership with CSC e-Governance Services India under the Ministry of Electronics and Information Technology (MeitY), Government of India. Through this agreement Liberty will further strengthen its presence in rural areas across [...]
The Biryani House Aims to Open 50 District Master Franchises Across India by the End of 2022
Mumbai, Maharashtra, India (NewsVoir) The Biryani House, India’s fastest upcoming delivery platform which serves India’s largest variety of delicious Dum Biryanis apart from melting in mouth Kebabs & Curries plans to open 50 district master franchises across India by the end of year 2022. The Biryani House has a plan to capitalise the Biryani market [...]
Liberty General Insurance Partners CSC e-Governance Services India to Expand Rural Reach
MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- Liberty General Insurance, one of the fastest growing General Insurance companies in India today entered into a partnership with CSC e-Governance Services India under the Ministry of Electronics and Information Technology (MeitY), Government of India. Through this agreement Liberty will further strengthen its presence in rural areas across [...]
The Biryani House Aims to Open 50 District Master Franchises Across India by the End of 2022
Mumbai, Maharashtra, India (NewsVoir) The Biryani House, India’s fastest upcoming delivery platform which serves India’s largest variety of delicious Dum Biryanis apart from melting in mouth Kebabs & Curries plans to open 50 district master franchises across India by the end of year 2022. The Biryani House has a plan to capitalise the Biryani market [...]
Liberty General Insurance Partners CSC e-Governance Services India to Expand Rural Reach
MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- Liberty General Insurance, one of the fastest growing General Insurance companies in India today entered into a partnership with CSC e-Governance Services India under the Ministry of Electronics and Information Technology (MeitY), Government of India. Through this agreement Liberty will further strengthen its presence in rural areas across [...]
The Biryani House Aims to Open 50 District Master Franchises Across India by the End of 2022
Mumbai, Maharashtra, India (NewsVoir) The Biryani House, India’s fastest upcoming delivery platform which serves India’s largest variety of delicious Dum Biryanis apart from melting in mouth Kebabs & Curries plans to open 50 district master franchises across India by the end of year 2022. The Biryani House has a plan to capitalise the Biryani market [...]
Liberty General Insurance Partners CSC e-Governance Services India to Expand Rural Reach
MUMBAI, India, Dec. 20, 2021 /PRNewswire/ -- Liberty General Insurance, one of the fastest growing General Insurance companies in India today entered into a partnership with CSC e-Governance Services India under the Ministry of Electronics and Information Technology (MeitY), Government of India. Through this agreement Liberty will further strengthen its presence in rural areas across [...]
The Biryani House Aims to Open 50 District Master Franchises Across India by the End of 2022
Mumbai, Maharashtra, India (NewsVoir) The Biryani House, India’s fastest upcoming delivery platform which serves India’s largest variety of delicious Dum Biryanis apart from melting in mouth Kebabs & Curries plans to open 50 district master franchises across India by the end of year 2022. The Biryani House has a plan to capitalise the Biryani market [...]
Consumer bodies demand immediate notification of front of packaging labeling norms
New Delhi, Dec 20 (PTI) Consumer organisations have demanded an immediate notification of a long-pending regulation on 'front of the package labelling (FoPL)' in the interest of public health. This is one of the eight point charter of demands which the Consumer Coordination Council (CCC) of India as well as Consumer Protection Association, Agartala plan [...]
Equitas SFB empanelled as Maha govt banking partner
New Delhi, Dec 20 (PTI) Equitas Small Finance Bank on Monday said it has been empanelled as a banking partner of the Government of Maharashtra to offer its services to the state government employees. As per an agreement, Equitas Small Finance Bank is entitled to distribute salaries and allowances to the existing employees as well [...]
MMTC-PAMP Makes a Strong Debut in Top 100 of the Fortune 500 India List
New Delhi, Delhi, India (NewsVoir) MMTC-PAMP, India’s only fully integrated ecosystem for gold and silver, announced its entry into the prestigious Fortune 500 India list which ranks India’s largest corporations by revenue. It is the brand’s debut on the index which was first instituted by Fortune India in 2010. With an annual reported revenue of [...]
Airbus selects Tata Technologies as strategic supplier
New Delhi, Dec 20 (PTI) Global engineering and product development digital services firm Tata Technologies on Monday said it has been selected by European aerospace major Airbus as a strategic supplier. The company will become an engineering, manufacturing engineering and services strategic supplier (EMES3), Tata Technologies said in a statement. "This is an outcome of [...]
R’sthan CM meets industrialists Ashok, Prakash Hinduja; discusses investment
Jaipur, Dec 20 (PTI) Industrialists Ashok Hinduja and Prakash Hinduja called on Rajasthan Chief Minister Ashok Gehlot here on Monday. "They discussed about existing investment of the group in the state and further investments in the areas of renewable energy, transport and other sectors," Gehlot tweeted. The meeting took place at the chief minister's residence [...]
Axis Bank to raise up to Rs 5,000 cr by issuing bonds
New Delhi, Dec 20 (PTI) Axis Bank on Monday said it will raise up to Rs 5,000 crore by issuing bonds. In April this, the board of directors of Axis Bank had authorised it to borrow/raise funds in Indian currency/foreign currency by issue of debt instruments, perpetual debt instruments, AT 1 bonds, infrastructure bonds and [...]
Domestic retail sales in November up 9 pc over pre-pandemic levels: RAI
New Delhi, Dec 20 (PTI) Retail sales in India in November grew by 9 per cent over the pre-pandemic levels of the same month in November 2019 signaling improvement in business albeit worries around Omicron variant spread and the third wave of the pandemic, according to industry body RAI. In its retail business survey, Retailers [...]
KOLKATA BULLION OPENING
Kolkata, Dec.20(PTI): SILVER RDY (BAR) : Rs.62,150.00 Per Kg.SILVER RDY(PORTION) : Rs.62,250.00 Per Kg.GOLD (24-CARAT) RDY. : Rs.49,300.00 Per 10 Gms.GOLD (22-CARAT) RDY. : Rs.46,800.00 Per 10 Gms.HALLMARKED GOLD (22-CARAT) RDY. : Rs.47,500.00 Per 10 Gms. ---- PTI SAM
The Exclusive Laas Authentico from Italy Now in India at The Quarry
Mumbai, Maharashtra, India (NewsVoir) The Quarry recently unveiled the Laas Authentico Collection that is currently on display at The Quarry Gallery in Mumbai. This marble is said to have formed over 400 million years, in the village of Laas, Italy. The Quarry’s Chief Curator and Founder - Rupesh Shinde, personally travels to each quarry to [...]
Future Group shares in heavy demand; jump up to 20%
New Delhi, Dec 20 (PTI) Shares of Future Group companies on Monday zoomed up to 20 per cent after the Competition Commission suspended its more than two-year-old approval for Amazon's deal with Future Coupons and imposed a Rs 202-crore penalty on the e-commerce major. Future Lifestyle Fashions jumped 20 per cent, Future Supply Chain Solutions [...]
Chandigarh University, Gharuan continues its significant contribution in producing national, international players for country
- Year 2020-21 full of achievements; 52 Gold's among 102 medals won by University students at national, international level - University players bring laurels to state by representing country in Olympics, Asian Championships among other international events CHANDIGARH, India, Dec. 20, 2021 /PRNewswire/ -- Continuing its rich legacy of providing professional and inclusive higher education, [...]
KL Deemed-to-be University hosts its 11th Convocation; 3,650 students receive graduate, post-graduate and doctorate degrees
Chairman, ISRO; President, VOLVO and Actor Mohammed Ali honored with doctoral degrees VIJAYAWADA, India, Dec. 20, 2021 /PRNewswire/ -- KL Deemed to be University, one of the leading universities in the country for graduation and higher education, held its 11th convocation to celebrate the success of more than 3,650 graduating students who have been conferred [...]
WAAREE Energies supplied 2.4 MW of Solar Modules to Kochi Metro Rail
MUMBAI, Dec. 19, 2021 /PRNewswire/ -- WAAREE Energies, India's leading solar PV module manufacturer, has Supplied 390 Wp Mono PERC solar modules for a project developed by, AMP Energy India Pvt Ltd. The size of the project is 2.4 MW located at Kochi Metro Rail Limited, Muttom Depot Choornikkara, Aluva-683501 Kerala. WAAREE has supplied 2.4 [...]
Shriram Properties shares list with nearly 24% discount
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. The stock listed at Rs 94, a decline of 20.33 per cent from the issue price on the BSE. It further tumbled 22.24 per cent to Rs [...]
Investors poorer by over Rs 11.23 lakh cr in two days of heavy market selloff
New Delhi, Dec 20 (PTI) Investors became poorer by Rs 11,23,010.78 crore in two days as domestic equity market continued to face severe drubbing amid a global selloff. The BSE benchmark Sensex plunged 1,182.53 points to a low of 55,829.21 in early trade on Monday. The benchmark had tumbled 889.40 points or 1.54 per cent [...]
Rupee slips 9 paise to 76.15 against US dollar in early trade
Mumbai, Dec 20 (PTI) The rupee dropped 9 paise to trade at 76.15 against the US dollar in opening deals on Monday as sustained sell-offs in domestic equities by foreign investors hurt the local currency's recovery prospects. Starting off on a tepid note, the rupee traded in a narrow band of 76.13 to 76.16 in [...]
Business schedule for Thursday, Dec 20
DELHI: * No major events listed MUMBAI: * No major events listed. PTI ANS ANS
NEWSALERT
Rupee weakens 9 paise to trade at 76.15 against US dollar in opening session. PTI MKJ ANS ANS
Superstar DJ David Guetta to Perform to The World on New Year’s Eve from Louvre Abu Dhabi
ABU DHABI, UAE, Dec. 19, 2021 /PRNewswire/ -- World-renowned DJ and producer David Guetta and Louvre Abu Dhabi are joining forces to deliver a state-of-the-art production that unites, inspires and brings energy to people around the globe this New Year's Eve. Fans around the world will be able to watch the show online on January [...]
Sensex nosedives over 1,000 pts in early trade; Nifty tanks below 16,700
Mumbai, Dec 20 (PTI) Equity benchmark Sensex plummeted over 1,000 points in early trade on Monday, tracking across-the-board losses amid a selloff in global markets as concerns over rising Omicron cases spooked investors. Persistent foreign fund outflow too weighed on investor sentiment. The 30-share index slumped 1,028.61 points or 1.80 per cent to 55,983.13 in [...]
Azentio wins 5 key awards at IBS Intelligence Global FinTech Innovation Awards 2021
Implementations at Tata Mutual Fund, Murabaha Marena, Alkhaleej Bank, Quara Finance, and Emkan Finance, honoured for excellence in innovative technologies SINGAPORE, Dec. 20, 2021 /PRNewswire/ -- Azentio Software ("Azentio"), a Singapore-headquartered software products business owned by funds advised by Apax Partners, today announced that it has won five awards at the IBS Intelligence (IBSi) Global [...]
FlowerAura Launches Exclusive Collection Of New Christmas Gifts For Xmas 2021
GURGAON, India, Dec. 20, 2021 /PRNewswire/ -- The Jingle of the bells, the freshly baked cookies, the aroma of a fruity plum cake, and the crispiness in the air of the chilly winters are all indications of the start of a season most clearly awaited by millions of people where they send jolly gifts to [...]
Grenada Appoints Justin Sun as WTO Ambassador to Power Local Economic Growth with Digital Technologies
SINGAPORE, Dec. 19, 2021 /PRNewswire/ -- According to Coindesk and Bloomberg, on December 17, the Grenada government officially appointed Justin Sun as Ambassador and Permanent Representative to the WTO, authorizing him to represent Grenada at WTO meetings during his term of office. The report revealed that Justin Sun will play a pivotal role in promoting [...]
Beghou Consulting opens office in Pune, strengthening advanced analytics, data science and technology services for life sciences companies
EVANSTON, Ill., Dec. 20, 2021 /PRNewswire/ -- Beghou Consulting recently opened an office in Pune, India, to expand its global advanced analytics and data science team. Beghou's Pune-based team will collaborate with U.S.-based colleagues to help life sciences companies improve commercial effectiveness. "We have assembled a team of highly skilled and experienced advanced analytics and [...]
Sebi bars launch of new derivative contracts for wheat, few other commodities
New Delhi, Dec 20 (PTI) Markets regulator Sebi on Monday directed stock exchanges not to launch new derivative contracts in wheat, crude palm oil, moong and few other commodities till further orders. The latest directive will come into force with immediate effect, according to a release. Launch of new contracts for the paddy (non-basmati), wheat, [...]
Razorpay raises $375 mn from Lone Pine Capital, others; valuation more than doubles to $7.5 bn
New Delhi, Dec 20 (PTI) Razorpay has raised USD 375 million (about Rs 2,850 crore) in fresh funding from Lone Pine Capital and others at a valuation of USD 7.5 billion, which has more than doubled since the fintech major's last funding round in April this year, its co-founder and CEO Harshil Mathur said. Speaking [...]
Goyal unveils packaged drinking water test facility at NTH, Ghaziabad
New Delhi, Dec 19 (PTI) Food and Consumer Affairs Minister Piyush Goyal on Sunday inaugurated a packaged drinking water test facility at National Test House (NTH) in Ghaziabad. Addressing the senior scientists of NTH, Goyal lauded the NTH for taking a leap in technology to usher in quality assessment and assurance. [...]
LIC valuation delay may push IPO plan beyond FY22; govt confident of issue this fiscal
New Delhi, Dec 19 (PTI) The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and the preparatory work is still far from complete. There are still some issues [...]
IMAX to open theatre in Coimbatore
Chennai, Dec 19 (PTI) IMAX Corporation and Broadway Megaplex have entered into an agreement to open a new IMAX theatre in Coimbatore, the second such facility to come up in Tamil Nadu.The first IMAX theatre is in Chennai. IMAX Corporation and Broadway Megaplex have recently signed an agreement to develop a new IMAX theatre in [...]
Jute industry suffers Rs 1,500cr loss amid raw material crisis: Sources
Kolkata, Dec 19 (PTI) The jute sector has suffered a notional loss of Rs 1,500 crore due to dilution of 4.81 lakh bales of hessian bag orders in favour of plastic materials for foodgrain packaging during the ongoing season, industry sources said on Sunday. The dilution was witnessed despite the support of the Centre and [...]
US auto component maker Dana says India offers huge opportunities in EV space
Mumbai, Dec 19 (PTI) American auto component maker Dana has said that India offers huge opportunities for the company in the EV space and it continues to invest in all its facilities depending upon the demand. The company earlier this year made a minority investment in Switch Mobility to develop electric vehicle (EV) drivetrains with [...]
Listing fee dues cannot be recovered under operational debt: NCLAT while dismissing BSE petition
New Delhi, Dec 19 (PTI) Dues on the listing fees against a company are 'regulatory dues' in nature and cannot be recovered under 'operational debt' through insolvency proceedings, said the National Company Law Appellate Tribunal (NCLAT) while dismissing an appeal by stock exchange BSE. Listing fees comes under the ambit of 'regulatory dues', which markets [...]
Power CPSEs register 45 pc growth in capex investment
New Delhi, Dec 19 (PTI) Central public sector enterprises (CPSEs) have registered 45 per cent growth in investment on capital expenditure over the previous year, the power ministry has said. For FY2021-22, the capital expenditure (capex) target of the CPSEs, under the Ministry of Power, is Rs 50,690.52 crore, a power ministry statement said. Power [...]
IndiGo working with other industry players to address ‘long standing problem’ of high indirect taxes: Dutta
Mumbai, Dec 19 (PTI) The country's largest airline IndiGo is working with other industry players and the civil aviation ministry to address the "long standing problem" of high indirect tax rate, which currently stands at 21 per cent, according to its chief Ronojoy Dutta. In his Christmas and New Year greetings to the employees, the [...]
Power outages in J&K: AIPEF seeks lieutenant governor’s intervention
New Delhi, Dec 19 (PTI) The All India Power Engineers Federation (AIPEF) has urged Jammu & Kashmir Lieutenant Governor Manoj Sinha in the ongoing work boycott by 21,000 electricity employees and engineers of Jammu & Kashmir. AIPEF spokesperson V K Gupta said in a statement said the Jammu and Kashmir electricity employees and engineers are [...]
ONGC scripts turnaround of subsidiaries, OPaL reports 1st profit
New Delhi, Dec 19 (PTI) India's top oil and gas producer ONGC has scripted a sharp turnaround in fortunes of its subsidiaries with its petrochemical unit reporting its first ever profit, a top official said. ONGC Petro additions Ltd (OPaL), the venture ONGC floated for downward integration and expansion into petrochemical field by utilizing its [...]
Company secs should adopt ‘speak up culture’; keep watch on co’s group biz too: Deepak Parekh
New Delhi, Dec 19 (PTI) Advocating the need for strong corporate governance practices, noted banker Deepak Parekh has urged company secretaries to adopt the "speak up culture" as well as differentiate between data and information to enable board members to constructively act on developments. The judgement of company secretaries is sacrosanct and they are the [...]
IPO-bound SMT aims to become market leader in global vascular devices industry
New Delhi, Dec 19 (PTI) Cardiac stent maker Sahajanand Medical Technologies, which has been expanding its presence through buyouts, will continue to explore strategic partnerships and acquisition opportunities to fast-track entry into advanced high growth products, its top official said on Sunday. The company purchased medical devices firm Vascular Concepts in 2020 following the acquisitions [...]
Essar to increase business collaboration, strengthen ties with Vietnam
New Delhi, Dec 19 (PTI) Essar Group promoters Ravi and Prashant Ruia met with Vietnamese leadership as they looked for investment opportunities and potential business collaborations in the South East Asian nation, the company said on Sunday. Essar Exploration and Production Ltd (EEPL) and ENI of Italy have a significant investment in Block 114, located [...]
Company secs should adopt ‘speak up culture’; keep watch on co’s group biz too: Deepak Parekh
New Delhi, Dec 19 (PTI) Advocating the need for strong corporate governance practices, noted banker Deepak Parekh has urged company secretaries to adopt the "speak up culture" as well as differentiate between data and information to enable board members to constructively act on developments. The judgement of company secretaries is sacrosanct and they are the [...]
CSC, Infosys tie up to upskill 6 cr citizen in rural India
New Delhi, Dec 19 (PTI) CSC e-Governance Services India and IT giant Infosys have collaborated to impart digital skills among six crore students of the age of 10 to 22 years, mainly in rural areas in the country. "Common services centres (CSCs), an SPV under the Ministry of Electronics and IT, has tied up with [...]
CEOs expect 9-10 pc growth in current fiscal: CII poll
New Delhi, Dec 19 (PTI) Indian economy is all set for a strong rebound in the current fiscal posting a growth rate of 9-10 per cent, says a CEOs poll conducted among the members of the CII National Council. A large number of CEOs polled, however, appeared worried about the impact of the new COVID [...]
Stellar Value Chain commits Rs 30,000 cr investment to set up 200 logistics parks in 4-5 yrs
Mumbai, Dec 19 (PTI) Consumer supply-chain firm Stellar Value Chain Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities with an investment commitment of Rs 30,000 crore in 4-5 years, a top official of the company said. The new facilities will cater to the increased demand for [...]
LIC IPO unlikely to take place this fiscal due to delay in valuation
New Delhi, Dec 19 (PTI) The government is unlikely to come up with the IPO of Life Insurance Corporation (LIC) in the current financial year ending March 2022, as the valuation of the state-owned behemoth is taking more than anticipated time, and preparatory work is still far from complete. There are still some issues that [...]
ESG fund AUM jumps 4.7 times to Rs 12,320 cr in 2 years ending Nov: Report
Mumbai, Dec 19 (PTI) Boosted by the pandemic, the ESG (environment social and governance)-focused mutual fund assets have grown 4.7 times between November 2019 and November 2021 with the cumulative AUM crossing Rs 12,320 crore among 10 funds, and is on course to grow much bigger as more such schemes are being launched, says a [...]
Cipla receives USFDA nod to market Lanreotide injection in American market
New Delhi, Dec 19 (PTI) Drug major Cipla on Sunday said it has received approval from the US health regulator to market the Lanreotide injection, used for the treatment of acromegaly and gastroenteropancreatic neuroendocrine tumors, in the American market. The company said it has received final approval for Lanreotide Injection from the US Food and [...]
Stellar Value Chain commits Rs 30,000 cr investment to set up 200 logistics parks in 4-5 yrs
Mumbai, Dec 19 (PTI) Consumer supply-chain firm Steller Value Chain Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities with an investment commitment of Rs 30,000 crore in 4-5 years, a top official of the company said. The new facilities will cater to the increased demand for [...]
Majority of consumers have strong intent to buy vehicle in next 12 months: Survey
New Delhi, Dec 19 (PTI) There is a strong intent to purchase a vehicle among a majority of consumers in the next 12 months, in what would be a good news for the auto industry, according to a survey by Mobility Outlook. As many as 83 per cent of respondents confirmed the intent to purchase [...]
Stellar Value commits Rs 30,000 cr investment to set up 200 logistics parks in 4-5 yrs
Mumbai, Dec 19 (PTI) Consumer supply-chain firm Steller Value Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities with an investment commitment of Rs 30,000 crore in 4-5 years, a top official of the company said. The new facilities will cater to the increased demand for warehousing [...]
Foreign investors pull out Rs 17,696 cr from Indian markets in Dec so far
New Delhi, Dec 19 (PTI) Foreign portfolio investors (FPIs) have pulled out Rs 17,696 crore from the Indian markets in December so far amid uncertainty due to a new coronavirus strain, Omicron, and expectations of faster tapering by the US Federal Reserve. According to the depositories data, FPIs took out Rs 13,470 crore from equities, [...]
Expect wholesales to grow over 60 pc in 2021 over last year: Toyota Kirloskar
New Delhi, Dec 19 (PTI) Toyota Kirloskar Motor (TKM) is expecting to close the current year with around 60 per cent growth in overall wholesales over last year with demand trends gravitating back to pre-Covid times, a senior company official has said. The company, which sells models like Fortuner, Innova Crysta and Urban Cruiser in [...]
Tata Realty may look at launching REIT after 2-3 yrs; expanding commercial properties portfolio
New Delhi, Dec 19 (PTI) Tata Realty and Infrastructure Ltd will scale up its commercial real estate portfolio to at least 12 million square feet over the next 2-3 years before considering launching real estate investment trust (REIT) public issue to monetise its rent-yielding office assets. In an interview with PTI, the company's Managing Director [...]
Pressure mounts on power sector PSUs to split CMD post after ITDC’s compliance
New Delhi, Dec 19 (PTI) With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs including from the power sector to ensure compliance, especially after state-run ITDC complied with this rule following Sambit Patra's appointment as [...]
Privatisation: Changing tracks aided Air India, derailed BPCL sale
New Delhi, Dec 19 (PTI) Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was [...]
Pressure mounts on power sector PSUs to split CMD post after ITDC’s compliance
New Delhi, Dec 19 (PTI) With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs including from the power sector to ensure compliance, especially after state-run ITDC complied with this rule following Sambit Patra's appointment as [...]
Privatisation: Changing tracks aided Air India, derailed BPCL sale
New Delhi, Dec 19 (PTI) Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was [...]
Pressure mounts on power sector PSUs to split CMD post after ITDC’s compliance
New Delhi, Dec 19 (PTI) With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs including from the power sector to ensure compliance, especially after state-run ITDC complied with this rule following Sambit Patra's appointment as [...]
Privatisation: Changing tracks aided Air India, derailed BPCL sale
New Delhi, Dec 19 (PTI) Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was [...]
Pressure mounts on power sector PSUs to split CMD post after ITDC’s compliance
New Delhi, Dec 19 (PTI) With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs including from the power sector to ensure compliance, especially after state-run ITDC complied with this rule following Sambit Patra's appointment as [...]
Privatisation: Changing tracks aided Air India, derailed BPCL sale
New Delhi, Dec 19 (PTI) Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was [...]
Pressure mounts on power sector PSUs to split CMD post after ITDC’s compliance
New Delhi, Dec 19 (PTI) With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs including from the power sector to ensure compliance, especially after state-run ITDC complied with this rule following Sambit Patra's appointment as [...]
Privatisation: Changing tracks aided Air India, derailed BPCL sale
New Delhi, Dec 19 (PTI) Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was [...]
Pressure mounts on power sector PSUs to split CMD post after ITDC’s compliance
New Delhi, Dec 19 (PTI) With a regulatory requirement for top-500 listed firms to split the position of chairperson and managing director being less than four months away, pressure is mounting on several PSUs including from the power sector to ensure compliance, especially after state-run ITDC complied with this rule following Sambit Patra's appointment as [...]
Privatisation: Changing tracks aided Air India, derailed BPCL sale
New Delhi, Dec 19 (PTI) Changing tracks helps. But, not taking the beaten path isn't always helpful. This is the story of two of India's biggest privatisations - Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was [...]
NHPC plans clean energy projects of 27GW in 9 states, Nepal: CMD
New Delhi, Dec 19 (PTI) State-owned NHPC has plans to set up new hydro and solar projects of more than 27,000 MW capacity in nine states and neighbouring country Nepal, the company's CMD Abhay Kumar Singh said. The new capacities would come up in Uttar Pradesh, Bihar, Odisha, Rajasthan, Tamil Nadu, Kerala, Maharashtra, Andhra Pradesh [...]
Stellar Value setting up 200 integrated logistics parks
Mumbai, Dec 19 (PTI) Consumer supply-chain firm Steller Value Solutions is setting up 200 integrated logistics parks in 50-million sq ft space across 21 major cities with an investment commitment of Rs 30,000 crore in 4-5 years, a top official of the company said. The new facilities will cater to the increased demand for warehousing [...]
4 labour codes likely to be implemented by FY23 as many states ready draft rules
New Delhi, Dec 19 (PTI) The four labour codes on wages, social security, industrial relations and occupation safety, health and working conditions are likely to be implemented by the next fiscal year as at least 13 states have pre-published draft rules on these laws, a senior official said. The Centre has already finalised the rules [...]
Clear expects up to USD 100 mn revenue from ME expansion in 5 yrs
New Delhi, Dec 19 (PTI) IT company Clear, which focuses on online tax filing, expects to generate USD 100 million from the Middle East business expansion led by Saudi Arabia and the UAE that are gradually moving towards taxation regime, a top official of the company said. Clear chief business officer Rohit Razdan told PTI [...]
Mcap of eight of top-10 most valued companies erodes by over Rs 2.61 lakh cr
New Delhi, Dec 19 (PTI) Eight of the top-10 most valued companies suffered a combined erosion of Rs 2,61,812.14 crore in market valuation last week, with Reliance Industries emerging as the biggest laggard. In the top-10 list, Infosys and Wipro were the only gainers. During the last week, the BSE benchmark slumped 1,774.93 points or [...]
FIIs, global cues, Omicron trends to be market moving factors this week: Analysts
New Delhi, Dec 19 (PTI) Domestic equities will be mainly driven by global market trends, foreign institutional investors' movement and developments around new Covid variant Omicron this week, according to analysts. Markets traded under pressure last week following weak global cues and overall investor sentiment remained downbeat throughout the week, they observed. "Global markets, Omicron [...]
Vedanta chairman meets R’sthan CM, discusses investment opportunities
Jaipur, Dec 18 (PTI) Vedanta Group Chairman Anil Agarwal met Rajasthan Chief Minister Ashok Gehlot here on Saturday. According to an official spokesperson, during this meeting, the Chief Minister informed him about the policy decisions taken to promote industries in the state. He informed that the state government has issued solar, wind and hybrid energy [...]
More than 3.7 cr income tax returns for FY’21 filed: Finance ministry
New Delhi, Dec 19 (PTI) The Finance Ministry on Saturday said more than 3.7 crore income tax returns have been filed so far for the financial year 2020-21. The extended due date for filing income tax return (ITR) is December 31, 2021. "A total of 3,71,74,810 #ITRs have been filed upto 17.12.2021, with 6,91,338 #ITRs [...]
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