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Semiconductor stock jumps 4% after company to receive investment of $281 Mil
Semiconductor stock engaged in providing manufacturing and design-focused solutions for consumer durables, lighting, mobile phones, security devices, and many others upto 4 percent in the day’s trade following inclusion into the MSCI India Index. Price Action With a market capitalization of Rs. 71,658 Crores, the shares of Dixon Technologies (India) Limited closed at Rs. 11,960 [...]
Textile stock jumps 7% after reporting 1000% YoY increase in net profits
Textile stock engaged in manufactures and sale of textile machinery and yarns inclined nearly 7 percent to Rs.52 per share following an increase in net profits of nearly 1000 percent year-on-year. Price Movement In Tuesday's trading session, the share price of Meera Industries Ltd increased nearly 6.5 percent to Rs.52 per share from its previous [...]
Ashish Kacholia stock jumps 9% after it sets record date for 1:10 stock split
Ashish Kacholi stock engaged in the trading of electronic items with a service-oriented electronic retail chain jumped 9 percent in the day’s trade upon declaring a record date for the stock split of 1:10. Price Action With a market capitalization of Rs. 5,658 Crores, the shares of Aditya Vision Limited were trading at Rs. 4,399 [...]
Tata group stock to watch after LIC sold 2.1% stake in the company
The shares of this large-cap company are set to be in focus after LIC sold a 2.1 percent stake in the company. In one year, the stock has delivered more than a 90 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 52,080 crores, the shares of Voltas Ltd started Tuesday’s [...]
Pharma stock jumps 8% after it reports 222% YoY increase in net profits
The shares of this pharma company gained up to 8 percent after the company’s net profit and revenue increased by 222 percent and 33 percent YoY, respectively in Q1FY25. With a market capitalization of Rs 7,446.07 crore, the shares of Orchid Pharma Ltd were trading at Rs 1,468.10 per share, decreasing around 0.61 percent as [...]
Dolly Khanna stock hits 10% upper circuit after reporting 75% YoY increase in net profits
The shares of this smallcap company locked a 10 percent upper circuit after reporting an increase in net profits by 75 percent YoY. In one year, the stock has delivered more than a 200 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 691 crores, the shares of NILE Ltd started [...]
Ola Electric Mobility stock jumps 71% in 3 days; Check the details
The shares of this leading player in the electric vehicle (EV) market in India gained 71% in the last 3 days after its listing price on the stock market. On Tuesday, At 12:45 a,m., Ola Electric Mobility shares were trading at ₹113 per share, up 3.52 percent from the previous close price on the exchange. [...]
Gold stock jumps 10% after company’s net profit increases by 85% YoY
Gold stock which one of the leading pan-India jewellery retailer offering an extensive range of jewellery including gold, diamond, silver, platinum and many more jumped 10 percent in the day’s trade upon posting a 85 percent jump in Net Profits in Q1FY25. Price Action With a market capitalization of Rs. 8,612 Crores, the shares of [...]
EV stock jumps 14% after its net profits increases by 378% in Q1
The shares of the small-cap company gained up to 14 percent from its intraday high after the company’s net profit and revenue increased by 378 percent and 97 percent YoY, respectively in Q1FY25. With a market capitalization of Rs 12,538.57 crore, the shares of Rattanindia Enterprises Ltd were trading at Rs 90.49 per share, increasing [...]
Renewable energy stock jumps 3% after receiving order worth ₹ 10.39 Cr from Torrent Power
Green Energy stock engaged in manufacturing solar photovoltaic modules and providing turnkey solar solutions jumps 3 percent in the day’s trade upon receiving a new work order worth RS. 10.39 Crores from Torrent Power Limited. Price Action With a market capitalization of Rs. 1,414 Crores, the shares of Solex Energy Limited were trading at Rs. [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
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 [...]
Latest Market News
Supriya Lifescience IPO fully subscribed within few hours of opening for subscription
New Delhi, Dec 16 (PTI) The initial public offer of Supriya Lifescience Ltd was fully subscribed within few hours of opening for subscription on Thursday on the back of a strong response from retail investors. The offer received bids for 1,92,28,860 shares as against 1,45,28,299 shares on offer, as per data with the NSE till [...]
Square Yards plans Rs 1,500 cr IPO; to soon file draft paper with Sebi
New Delhi, Dec 16 (PTI) Proptech startup Square Yards plans to launch its initial public offer (IPO) to raise about Rs 1,500 crore for future growth of the business and will soon file a draft document with market regulator Sebi to get clearance for the issue, according to sources. The company, which is one of [...]
Guar seed futures rise on fresh bets
New Delhi, Dec 16 (PTI) Guar seed prices on Thursday rose by Rs 96 to Rs 6,202 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market. On the National Commodity and Derivatives Exchange, guar seed for December contracts increased by Rs 96, or 1.57 per cent, to Rs 6,202 per 10 [...]
Guar gum futures gain on spot demand
New Delhi, Dec 16 (PTI) Guar gum prices on Thursday gained Rs 362 to Rs 11,420 per five quintal in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for January delivery traded higher 3.27 per cent, or Rs 362, to Rs 11,420 per [...]
Innoterra ties up with NABFOUNDATION to provide services to 1 lac small farmers
New Delhi, Dec 16 (PTI) Food and tech platform Innoterra on Thursday said it has joined hands with NABFOUNDATION to provide services to 1 lakh small farmers over next two years. Both the entities have signed a memorandum of understanding (MoU) to this effect. NABFOUNDATION is a not-for-profit organization of the National Bank for Agricultural [...]
Benelli launches all-new adventure tourer bike TRK 251
New Delhi, Dec 16 (PTI) Superbike maker Benelli on Thursday launched its all-new adventure tourer model, TRK 251 in India priced at Rs 2.51 lakh (ex-showroom).The TRK 251 is powered by a 250cc, single-cylinder engine with a peak power of 25.8 PS and 21.1 Nm of peak torque, the company said in a statement."The TRK [...]
PE/VCs invest USD 6.8 bn in Indian cos in November: Report
Mumbai, Dec 16 (PTI) Investments by private equity and venture capital funds in November stood at USD 6.8 billion across 102 deals, which is double by value when compared with the pandemic-impacted year-ago period but half of the bets in the preceding month of October, as per a report. In November 2020, such high-risk investors [...]
India’s Apr-Oct iron ore production at 143 MT; set to surpass FY’20 record of 246 MT
New Delhi, Dec 16 (PTI) India's iron ore production has surged to 143 million tonnes (MT) in the first seven months of the ongoing fiscal, and the country is all set to surpass the record production of 246 MT achieved in 2019-20, Mines Secretary Alok Tandon said on Thursday. The production of another key mineral, [...]
Atomberg raises USD 20 mn for new manufacturing facility
Mumbai, Dec 16 (PTI) Consumer products-focused Atomberg Technologies on Thursday announced a USD 20 million fundraise for a new manufacturing facility, in a round led by Jungle Ventures. The round, which takes the overall funds raised by the city-headquartered company to USD 45 million since inception in 2012, also saw participation from Inflexor Ventures, and [...]
Grow your Retirement Fund Effortlessly with Bajaj Finance Fixed Deposit
Pune, Maharashtra, India (NewsVoir) Planning your post-retirement finances demands careful thought and discipline. After all, with inflation threatening to devalue one’s savings over time, growing wealth becomes all the more critical. The investment strategy depends on the number of working years one has in hand, for one needs to strike a neat balance between risks [...]
Neobank Aeldra Announces Cash Gift Envelope Equivalent Feature ‘Aeldra Pay’
Aeldra customers in U.S., and India can share the festive spirit across borders this Christmas with this instant, seamless digital money-gifting offering; send cash gifts of up to $1,000 per day using Aeldra Pay Bangalore, Karnataka, India (NewsVoir) This Christmas, customers of Aeldra, the U.S. Silicon-valley and Bangalore based Neobank, can share the festive cheer [...]
HAL signs Rs 2,400 crore contract with BEL for supply of airborne electronic systems for LCA
Bengaluru, Dec 16 (PTI) Hindustan Aeronautics Limited on Thursday awarded a Rs 2,400 crore contract to Bharat Electronics Limited for the manufacture and supply of 20 types of airborne electronic systems for the LCA Tejas Mk1A fighter aircraft programme. The order spanning five years from 2023 to 2028 involves supply of critical avionic Line Replaceable [...]
THE commends Shoolini Univ’s outreach campaign
SOLAN, India, Dec. 16, 2021 /PRNewswire/ -- Times Higher Education (THE) Asia Awards 2021, dubbed the Oscars of Higher Education, has placed Shoolini University was among the 3 universities that have done India proud. THE Asia Awards winners are chosen from among hundreds of entries from top Universities across Asia. OP Jindal Global University won [...]
Tata Power arm TP Saurya to set up 300 MW hybrid wind-solar project
New Delhi, Dec 16 (PTI) Tata Power on Thursday said its arm TP Saurya has received a 'Letter of Award' from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up a 300 MW hybrid (wind & solar) project. TP Saurya Ltd (TPSL), a wholly-owned subsidiary of Tata Power, has received this Letter of Award (LoA) [...]
The untapped potential of effective non-drug treatments
Gold Coast (Australia), Dec 16 (360info) Compiled by the Royal Australian College of General Practitioners, HANDI is the world’s first compendium of drug-free medical treatment.In 2017, while travelling around rural India, Rae Thomas’s adolescent daughter began experiencing dizziness and nausea lasting for several hours. Rae recalled hearing that a head rotation procedure could help with [...]
Ola raises USD 500 mn debt
New Delhi, Dec 16 (PTI) Ride hailing platform Ola on Thursday said it has raised USD 500 million debt from marquee international institutional investors. The company has raised the amount via Term Loan B (TLB). Institutional investors that seek higher yields and can stay invested over longer investment horizons compared to traditional banks offer such [...]
Leena AI Recognized as a Representative Vendor in Gartner Market Guide for Integrated HR Service Management Solutions
Listed for the second time in a row New York, United States – Business Wire India Leena AI, the company that’s revolutionizing enterprise employee experience, today announced that it was listed as a Representative Vendor in 2021 Gartner’s Market Guide for Integrated HR Service Management Solutions1 for the second consecutive year. “We are pleased to [...]
Great Success for WNE 2021: WNE Confirms Its Popularity And Its Status as the World’s Largest Civil Nuclear Exhibition
PARIS and NEW DELHI, Dec. 16, 2021 /PRNewswire/ -- The 4th edition of the World Nuclear Exhibition (WNE), the world's largest civil nuclear exhibition organized by RX France, which took place over three days from 30th November to 2nd December in Villepinte, north of Paris, has ended on an upbeat note. WNE once again succeeded [...]
Venture Catalysts plans to invest USD 108 mn in Indian startups in 2022
New Delhi, Dec 16 (PTI) Early-stage startup investor Venture Catalysts has plans to invest USD 108 million (around Rs 824 crore) in about 300 startups in 2022. Founded by Apoorva Ranjan Sharma, Anil Jain, Anuj Golecha and Gaurav Jain in 2016, the Venture Catalysts group closed as many as 207 deals in 2021, and invested [...]
Ban drug ads to promote health
Toronto, Dec 16 (360info) Advertising promoting new drugs is effective but often leads to inappropriate prescribing. To protect the health of their citizens, countries should ban it.Many drugs, but certainly not all, are extremely useful in controlling symptoms and preventing or curing illness. The companies that produce them are generally expected to make profits, growing [...]
CMS Info Systems sets IPO price band at Rs 205-216/ share
New Delhi, Dec 16 (PTI) Cash management company CMS Info Systems has fixed a price band of Rs 205-216 a share for its Rs 1,100-crore initial public offering (IPO). The initial share-sale will be open for public subscription during December 21-23.The bidding for anchor investors will open on December 20, according to the company. The [...]
Infosys extends digital innovation partnership with Australian Open
New Delhi, Dec 16 (PTI) IT major Infosys on Thursday announced an extension of its digital innovation partnership with the Australian Open (AO) until the end of 2026. The extended collaboration with Tennis Australia will introduce enhanced broadcast match statistics and new initiatives to make tennis more accessible for all, while continuing to develop innovative [...]
Banking services in Maharashtra hit as 60,000 bank employees go on a two-day strike
Summary Close to 9 lakh bank employees will go on a strike.It is a two-day nationwide strike beginning today.The UFBU is protesting against the government’s move to privatise two public sector lenders.These PSBs will remain shut for transactions for four days in a row including the weekend. About 9 lakh employees of various state-run banks will [...]
HAL signs Rs 2400 crore contract with BEL
Bengaluru, Dec 16 (PTI) In a major boost to indigenisation, Hindustan Aeronautics Limited on Thursday signed a contract with Bharat Electronics Limited for development and supply of 20 types systems for the LCA Tejas Mk1A programme. The five-year contract spanning from 2023 to 2028 is valued at Rs 2,400 crore and involves supplying critical avionics [...]
HiHi App Became the Lightest Dating App in India
Bangalore, Karnataka, India – Business Wire India HiHi is a product of Meotida Private Limited which is a homegrown online dating app, based in Bangalore, announced that the weight of the app is only 42Mb. This is because the app doesn’t collect a lot of data or information about users. The app is made in [...]
Sania Mirza launches De Beers Forevermark boutique in collaboration with OM Jewellers
- Natural diamonds crafted to create a legacy - MUMBAI, India, Dec. 16, 2021 /PRNewswire/ -- OM Jewellers in collaboration with De Beers Forevermark has launched a beautiful debut boutique in Bandra, Mumbai. The store exclusively retails jewellery crafted with genuine, natural Forevermark diamonds in the ateliers of OM Jewellers. Iconic tennis star Sania Mirza [...]
WAAREE Energies supplied 13.5 MW of Solar Modules to AMP
MUMBAI, India, Dec. 16, 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 13.5 MW located at Village Gourgaon, Taluka – Kalamb, District Osmanabad, Maharashtra – 413507, India. WAAREE [...]
Divine Soul Yoga Makes Breakthrough; Records Reverse Signs of Ageing in Human Cells with a 57 % Increase in Telomere Length
NEW DELHI, Dec. 16, 2021 /PRNewswire/ -- Scientists and researchers worldwide have undertaken extensive studies over the past many decades to prove that Yoga and meditation can boost individuals' health and well-being. However, Divine Soul Yoga has taken a quantum leap in anti-aging & healing treatment through measuring the telomere length. Telomere length is the [...]
Parablu’s BluVault Recognized as a 2021 Top Performer in Data Center Backup Solutions by SourceForge
- Parablu is proud to be a winner of the Top Performer award from SourceForge, the world's largest software reviews and comparison website. BANGALORE, India and SANTA CLARA, Calif., Dec. 16, 2021 /PRNewswire/ -- Parablu, an award-winning provider of secure data management solutions, today announced that it has been awarded a Fall 2021 Top Performer [...]
Ingenico, a Worldline brand launches PPaaS, its Payments Platform as a Service offer
Seamlessly combining payments solutions and third-party services, PPaaS empowers acquirers and Independent Software Vendors to enable merchants to create compelling commerce and payment options for their customers, bringing instore what has up to now only been possible online PARIS, Dec. 16, 2021 /PRNewswire/ -- Ingenico, a Worldline brand [Euronext: WLN], announces the full commercial launch [...]
TransFunnel Consulting announces the appointment of Mona Chopra as Product Head
With a vast experience in end-to-end product management, Mona brings to the table her expertise in developing products that are loved and valued by customers and now plans to focus on reducing the pain points for startups JAIPUR, India, Dec. 16, 2021 /PRNewswire/ -- TransFunnel Consulting has appointed Mona Chopra as Product Head. With 15 [...]
Traceability essential to ensuring sustainable palm oil production at scale
Achieving 95% traceability to the plantation key to Golden Agri-Resources' efforts to support a sustainable palm oil industry SINGAPORE, Dec. 15, 2021 /PRNewswire/ -- After four (4) years of investment, and despite the constraints imposed by the global pandemic, Golden Agri-Resources (GAR) has achieved 95 percent traceability to the plantation for its entire supply chain. [...]
Court grants bail to former Yes Bank senior executive in fraud case
Mahesh Varakh, a former senior executive of Yes bank was granted bail.He was involved in a crime involving wrongful loss to Yes Bank.Yes Bank’s co-founder, Rana Kapoor, was one of the prime accused in this case.The bank had invested in short term debentures of DHFL, which was later acquired by Piramal Enterprises Ltd. Mahesh Varakh, [...]
Indo-Bangla ties ‘special’ and ‘unique’, not comparable with relationship with other countries: Shringla
Dhaka, Dec 15 (PTI) The relationship between India and Bangladesh are "special" and "unique" and New Delhi does not compare it with Dhaka's ties with any other country, Foreign Secretary Harsh Vardhan Shringla said on Wednesday, as he sought to downplay China's growing forays in this country. Addressing a press briefing on President Ram Nath [...]
Indo-Bangla Friendship Pipeline could be inaugurated next year: Shringla
Dhaka, Dec 15 (PTI) The work on the India-Bangladesh Friendship Pipeline, a project that will enable the two countries to integrate their energy needs, is progressing well and could be inaugurated next year, Foreign Secretary Harsh Vardhan Shringla said here on Wednesday. The Rs 346 crore India-Bangladesh Friendship Pipeline Project (IBFPP) will connect Siliguri in [...]
Every house in Bihar will have smart pre-paid electric meters by 2025: Nitish Kumar
Patna, Dec 15 (PTI) Bihar Chief Minister Nitish Kumar on Wednesday launched a scheme worth Rs 12,657 crore for installation of ‘smart pre-paid electric meter’ in all households in the state by March 2025. While launching the scheme here, Kumar said once the project is completed, it would be a big achievement for the state [...]
RBI imposes penalty on PNB, ICICI Bank
Mumbai, Dec 15 (PTI) The Reserve Bank of India (RBI) on Wednesday said it has imposed a penalty of Rs 1.8 crore on Punjab National Bank and Rs 30 lakh on ICICI Bank for deficiencies in regulatory compliance. In a statement, the RBI said the Statutory Inspection for Supervisory Evaluation (ISE) of Punjab National Bank [...]
Ind-Ra upgrades Tata Steel’s long-term issuer rating to ‘AA+’
New Delhi, Dec 15 (PTI) India Ratings and Research (Ind-Ra) on Wednesday said it has upgraded Tata Steel's long-term issuer rating to 'AA+' from 'AA'. AA-rated instruments are considered to have a high degree of safety regarding timely servicing of financial obligations. In a statement, the ratings agency said the upgrade reflects [...]
Many Japanese investment projects delayed in India: Japan’s minister
New Delhi, Dec 15 (PTI) Many investment projects in India have been delayed, and support of the Indian government is vital to restore them, Japan's vice minister for economy, trade and industry said on Wednesday.Japan's Vice Minister for International Affairs, Ministry of Economy, Trade and Industry, Hirose Naoshi at the CII Partnership Summit said that [...]
Govt expects Rs 1.7 lakh cr investments in 4 yrs under Rs 76k-cr semiconductor scheme
New Delhi, Dec 15 (PTI) The government expects investments of around Rs 1.7 lakh crore and 1.35 lakh jobs to be created in the next four years under the incentive scheme for semiconductors approved by the Cabinet on Wednesday, Union Minister Ashwini Vaishnaw said. The Union Cabinet approved a Rs 76,000 crore policy boost for [...]
Semiconductor mfg scheme to position India as electronics hub: NXP India
New Delhi, Dec 15 (PTI) The Rs 76,000-crore scheme to spur semiconductor manufacturing will enable India to become an electronics hub and encourage companies to start manufacturing in the country, NXP India said on Wednesday. It is a big step that will put India on the world map of the semiconductor industry, and in the [...]
Ahead of IPO, Supriya Lifescience garners Rs 315 cr from anchor investors
New Delhi, Dec 15 (PTI) Supriya Lifescience Ltd on Wednesday said it has raised Rs 315 crore from anchor investors ahead of its IPO rollout on Thursday. The company has allotted 1.15 crore equity shares to anchor investors at Rs 274 apiece, which is the upper end of the price band, aggregating the transaction [...]
Adani Transmission inks pact to acquire MPSEZ Utilities for Rs 116 cr
New Delhi, Dec 15 (PTI) Adani Transmission has inked a share purchase pact with Adani Ports and Special Economic Zone to acquire MPSEZ Utilities (MUL) for Rs 116.27 crore, as per a regulatory filing. MUL was incorporated primarily for distribution of electricity, and effluent and sewage treatment in Mundra SEZ area, Kutch, Gujarat spread across [...]
India-Israel bilateral trade likely to reach USD 4 bn this year
Mumbai, Dec 15 (PTI) The trade between India and Israel has been strong and is likely to reach USD 4 billion in 2021, Sagi Itcher Economic Consul, Head of Economic and Trade Mission, Israel, said."For 2020, it (bilateral trade between the two countries) was almost USD 3.4 billion. In 2021, I am assuming it will [...]
Govt finances showing marked improvement in H1: RBI paper
Mumbai, Dec 15 (PTI) Government finances, both of the Centre and states, have shown remarkable resilience during the first half of the current fiscal, with tax mop-up surpassing expectations by a wide margin and expenditure remaining broadly in line with Budget estimates despite higher pandemic-related spending, says the December issue of the RBI bulletin. The [...]
Finance, corporate affairs ministries sign pact for data exchange
New Delhi, Dec 15 (PTI) The Ministry of Corporate Affairs (MCA) and the Ministry of Finance's Financial Intelligence Unit-India (FIU-India) on Wednesday signed a pact for data exchange between the two organisations, according to a statement. "The MoU (memorandum of understanding) will facilitate the sharing of data and information between MCA and FIU-India on an [...]
RBI proposes new norms for capital requirement for banks
Mumbai, Dec 15 (PTI) The Reserve Bank of India (RBI) on Wednesday proposed to replace existing approaches for measuring minimum operational risk capital requirements of banks with a new Basel-III standardised approach. 'Operational risk' refers to the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. The [...]
Development work of 23 projects in Madhya Pradesh approved under CRIF: Gadkari
New Delhi, Dec 15 (PTI) Development work of 23 projects of 600.13 km length under Central Road & Infrastructure Fund (CRIF)scheme for 2021-22 in Madhya Pradesh has been approved with a budget outlay of Rs 1,814.90 crore, Union Minister Nitin Gadkari said on Wednesday.In a series of tweets, the Road Transport and Highways Minister said construction of two lanes from UP-Bihar border to [...]
COMMODITY PRICES
Mumbai, Dec 15 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 717.00 COPPER HEAVY SCRAPS 708.00 COPPER ARMATURE (CREDIT) 688.00 COPPER UTENSILS SCRAP 631.00 CC ROD 760.00 BRASS :- BRASS SHEET CUTTING 536.00 BRASS UTENSIL SCRAP 472.00 BRASS HONEY 465.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]
Govt expects Rs 1.7 lakh cr investments in 4 yrs under Rs 76k-cr semiconductor scheme
New Delhi, Dec 15 (PTI) The government expects investments of around Rs 1.7 lakh crore and 1.35 lakh jobs to be created in the next four years under the incentive scheme for semiconductors approved by the Cabinet on Wednesday, Union Minister Ashwini Vaishnaw said. The Union Cabinet approved a Rs 76,000 crore policy boost for [...]
Great uncertainty remains about new coronavirus variants as global economy recovers: Gopinath
New Delhi, Dec 15 (PTI) IMF Chief Economist Gita Gopinath on Wednesday said that as the global economy recovers from the pandemic, a great deal of uncertainty remains about new COVID-19 variants and increased inflation pressures in many countries. Addressing an event organised by economic think-tank NCAER, Gopinath further said the pandemic has been aggravated by [...]
OILSEEDS PRICES
Mumbai, Dec 15 (PTI) OILS (per 10 Kgs) G.Nut Raw 1310.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1180.00 Sunflower Exp.Ref. 1260.00 Cottonseed(Refined) 1200.00 Refined Palm Oil 1150.00 Soyabean Ref. 1190.00 Imp.Soyabean Crude - Rapeseed Ref. 1690.00 Rapeseed Exp. 1660.00 Copra white 1700.00 Rice Bran 4-7% FFA - Rice Bran 1130.00 Linseed 2000.00 Castor [...]
FM to hold pre-Budget meetings with infra, financial sector players on Thursday
New Delhi, Dec 15 (PTI) As part of pre-Budget deliberations, Finance Minister Nirmala Sitharaman will meet infrastructure and financial sector honchos on Thursday to seek their inputs for Budget 2022-23. The two consultations with different stakeholder groups will be held virtually, the Finance Ministry said. "Finance minister Smt. @nsitharaman will be holding consultations with experts [...]
Good quality seeds can boost agri-yield by 15-20 pc: IISS
Ahmedabad, Dec 15 (PTI) Good quality seeds can increase the country's overall agricultural production by 15-20 per cent, which is crucial to meet the future demand of foodgrains, Sanjay Kumar, Director of Indian Institute of Seed Science, said on Wednesday.Extensive work in the field of creating good quality seed varieties is currently being carried out [...]
MedPlus IPO subscribed 52.59 times on last day of offer
New Delhi, Dec 15 (PTI) The initial public offering of pharmacy retail chain MedPlus Health Services Ltd was subscribed 52.59 times on the last day of subscription on Wednesday. The Rs 1,398.3-crore IPO received bids for 66,13,67,268 shares against 1,25,75,154 shares on offer, according to an update on the NSE. Qualified institutional buyers (QIBs) received [...]
Data Patterns IPO receives 7.68 times subscription on Day 2 of offer
New Delhi, Dec 15 (PTI) The initial public offer of Data Patterns (India) Limited, which supplies electronic systems to defence and aerospace sector, was subscribed 7.68 times on the second day of subscription on Wednesday.The IPO received bids for 5,44,91,050 shares against 70,97,285 shares on offer, as per NSE data.The category for Retail Individual Investors [...]
PGCIL board approves interim dividend of Rs 7 per Rs 10 share for 2021-22
New Delhi, Dec 15 (PTI) Power Grid Corporation of India Ltd's (PGCIL) board on Wednesday approved an interim dividend of Rs 7 per Rs 10 share for the financial year 2021-22. "The board of directors in its meeting held today i.e. on December 15, 2021, has approved the payment of an interim dividend of Rs [...]
HDFC Securities plans to add 2 lakh customers per month till March next year
Mumbai, Dec 15 (PTI) Brokerage firm HDFC Securities is looking to add 2 lakh customers every month till March next year and grow topline by 20-25 per cent over the next five years.The company's customer addition during the pandemic was low in absence of an online demat account opening facility and onboarding of only parent [...]
ZEE5 enters into partnership with Applause Entertainment
New Delhi, Dec 15 (PTI) Home-grown video streaming platform ZEE5 has entered into a strategic partnership with India's leading content and IP studio Applause Entertainment, a venture of Aditya Birla Group for a multi-show association. The two leading content companies will collaborate to create an original content slate of new ZEE5 originals in Hindi across [...]
Stanlow Terminals to invest in developing UK’s largest biofuels storage facility
New Delhi, Dec 15 (PTI) Stanlow Terminals Ltd (STL), part of Essar Oil UK, will make an undisclosed investment over the next three years to develop the UK's largest biofuels storage hub located in the north west of England. The investment is a key pillar in Stanlow Terminals' strategic objective to become the UK's largest [...]
India needs to actively pursue FTAs to push apparel exports, suggests RBI article
Mumbai, Dec 15 (PTI) India needs to actively pursue free-trade agreements (FTAs) with major export destinations like the EU and the US to push apparel shipments amid increasing competition from Bangladesh and Cambodia that enjoy tariff concessions, an RBI article said on Wednesday. India has traditionally enjoyed a comparative advantage in the textile sector, including [...]
HP Adhesives IPO subscribed 3.48 times on strong retail investor demand
New Delhi, Dec 15 (PTI) The initial public offer of HP Adhesives Limited was subscribed 3.48 times on the first day of the offer on Wednesday following a strong response from retail investors. The IPO of the adhesives and sealants company received bids for 87,96,050 shares against 25,28,500 shares put on offer under three categories, [...]
Pre-budget consultation: Agri experts for MSP based on realistic cost, subsidised diesel
New Delhi, Dec 15 (PTI) Farmer organisations and agri experts on Wednesday pressed for MSP based on realistic cost of production, higher subsidies on diesel and allowing new technologies like genetically modified organisms (GMOs) in their pre-Budget submission to the finance ministry. Ministers of State for Finance Pankaj Chaudhary and Bhagwat Karad held the first [...]
Short-term power market to grow in coming days, says CERC Chairperson Pujari
New Delhi, Dec 15 (PTI) Share of the short-term electricity market will grow in future with lesser fructification of long-term power purchase agreements, Central Electricity Regulatory Commission (CERC) Chairperson P K Pujari said on Wednesday. In short-term market, consumers like captive users or discoms buy power either at energy exchanges or directly from generating firms [...]
Amazon crosses 10 lakh sellers mark in India
New Delhi, Dec 15 (PTI) Amazon India on Wednesday said it now has over 10 lakh sellers on its platform with more than 4.5 lakh new merchants joining the platform in the past two years. More than 90 per cent of the sellers on Amazon.in are local small and medium businesses (SMBs) and over half [...]
Salaries of BSNL, MTNL staff paid till November: MoS Communications
New Delhi, Dec 15 (PTI) Salaries of BSNL and MTNL employees are up-to-date and have been paid till November 2021, Parliament was informed on Wednesday.For the two state-owned telecom corporations, BSNL and MTNL, stiff competition in the mobile segment and absence of 4G services (except in a few locations for BSNL) in the data-centric telecom [...]
Mumbai airport brings down rapid RT-PCR test price to Rs 1,975
Mumbai, Dec 15 (PTI) Adani Group-owned Chhatrapati Shivaji Maharaj International Airport (CSMIA) on Wednesday said it has brought down charges for the rapid RT-PCR test at its facility to Rs 1,975 following the Maharashtra government's directives. The rapid RT-PCR charges at the Mumbai airport earlier stood at Rs 3,900, which were reduced from Rs 4,500 [...]
Switch Mobility to set up manufacturing, technology centre in Spain
New Delhi, Dec 15 (PTI) Switch Mobility, a unit of Ashok Leyland, on Wednesday said it will set up a manufacturing and technology centre at Castilla y Leon in Spain with plans to invest 100 million Euros (about Rs 860 crore) over the next ten years. With already a significant presence in the UK and [...]
Starlink intends to apply for all applicable licences needed for commercial launch in India: MoS
New Delhi, Dec 15 (PTI) Starlink Satellite Communications intends to apply for all the applicable licences needed for commercial launch in India, Parliament was informed on Wednesday. The satellite company is led by the world's one of the richest entrepreneurs, Elon Musk. "M/s Starlink Satellite Communications Pvt Ltd has applied for experimental/trial license in DoT. [...]
AIPEF seeks PMO intervention against formation of JK Grid Company
New Delhi, Dec 15 (PTI) The All India Power Engineers Federation (AIPEF) has sought the intervention of the Prime Minister's Office (PMO) against the formation of JK Grid Company. "AIPEF has sought the intervention of the PMO against the formation of JK Grid Company, a joint venture company (JVC) of JKTCL and PGCIL, till the [...]
PRICES-BULLION-CLOSE
Mumbai, Dec 15 (PTI) BULLION CLOSING (INCLUSIVE OF OCTROI AND LOCAL CHARGES ) SILVER SPOT (IN RS PER kg ) : 60251.00 STANDARD GOLD (99.5) : 47873.00 PURE GOLD (99.9) : 48065.00 (NOTE : SOURCE THE BOMBAY BULLION COMMITTEE) FOR AFP: ( INCLUSIVE OF OCTROI AND LOCAL TAXES) LONDON 1512 1730 (5:30 pm) SILVER SPOT [...]
PRICES MUM BULLION CLOSING
Mumbai, Dec 15 (PTI) SILVER SPOT (IN RS PER kg): 60251.00 STANDARD GOLD (99.5) : 47873.00 PURE GOLD (99.9) : 48065.00 --------------------- PTI MUM SVC SHW SHW
Young Girl Gives Her Police Sub Inspector Father a New Lease of Life by Donating Liver
Apollo Hospitals, Navi Mumbai, successfully performed over 150 Liver Transplants & recognized as advanced Centre for paediatric liver transplants Navi Mumbai, Maharashtra, India – Business Wire India A 22-year-old, Priyanka Sail donated part of her liver to save her father's life. Mr. Dilip Sail works as PSI, for Mumbai Police (Malad Police Station) who underwent [...]
Sun Pharma gets USFDA approval for generic Amphotericin B Liposome injection
New Delhi, Dec 15 (PTI) Sun Pharmaceutical Industries Ltd on Wednesday said it has received final approval from the US health regulator for generic Amphotericin B Liposome injection used in treatment of fungal infections with 180 days of exclusivity. The approval granted by the USFDA to one of the company's wholly-owned subsidiaries of the abbreviated [...]
Anupam Rasayan inks Rs 135-cr long-term supply contract with Japanese firm
New Delhi, Dec 15 (PTI) Chemicals maker Anupam Rasayan on Wednesday said it has signed a long-term binding contract worth Rs 135 crore with a Japanese multinational customer for supplying an existing life science-related speciality chemical. The company earlier signed a letter of intent (LoI) for this product with the same customer and now have [...]
Budget 2022-23: CPAI urges govt to waive commodity transaction tax
New Delhi, Dec 15 (PTI) Ahead of the Budget, the Commodity Participants Association of India (CPAI) said the government should look at waiving the Commodity Transaction Tax to boost trading volumes.In its Budget proposal to the Finance Ministry, CPAI has urged the government to relook at Commodity Transaction Tax (CTT) as it has yielded little [...]
Design Cafe forays in to Chennai under expansion plan;
Chennai, Dec 15 (PTI) Bengaluru-based Design Cafe, a home interiors' solutions company, on Wednesday said it has launched its first showroom in the city as part of its plan to strengthen footprint in the country. The company inaugurated the experience centre at Anna Salai, spread across 3,500 square foot, as part of the ten-city expansion [...]
Development work of 23 projects in Madhya Pradesh approved under CRIF: Gadkari
New Delhi, Dec 15 (PTI) Development work of 23 projects of 600.13 km length under Central Road & Infrastructure Fund (CRIF)scheme for 2021-22 in Madhya Pradesh has been approved with a budget outlay of Rs 1,814.90 crore, Union Minister Nitin Gadkari said on Wednesday. In a series of tweets, the Road Transport and Highways Minister said construction of two lanes from UP-Bihar border [...]
Cipla to acquire 33% stake in Clean Max Auriga Power
New Delhi, Dec 15 (PTI) Drug major Cipla on Wednesday said it has inked a pact to acquire 33 per cent stake in renewable energy firm Clean Max Auriga Power LLP for up to Rs 6 crore. In line with the commitment to enhance the share of renewable power source in its operation and to [...]
upGrad KnowledgeHut eyes annual revenue run rate to reach Rs 300 crore by Mar 2022
Mumbai, Dec 15 (PTI) Technology skill provider upGrad KnowledgeHut, part of upGrad, on Wednesday said it is eyeing a Rs 300-crore annual revenue run rate in March 2022. The company targets a Rs 300-crore annual revenue run rate in March 2022, a massive jump from Rs 80 crore within 7 months of coming into the [...]
apna.co to hire over 400 employees across verticals in next 6 months
Mumbai, Dec 15 (PTI) Jobs and professional networking platform apna.co on Wednesday said it is planning to hire over 400 employees across verticals in the next six months. Out of this total hiring, 65 per cent will be for apna's engineering, data science and product teams, the company said in a statement. The company will [...]
SVC Co-operative Bank launches loan festival; to offer credit at attractive rates
New Delhi, Dec 15 (PTI) SVC Co-operative Bank on Wednesday announced the launch of its loan festival, offering home loans from 6.45 per cent onwards, among other products such as vehicle, gold and doctors loans. The consumer loan festival 'SVC Maha Loan Utsav' offers a bouquet of consumer loan products at attractive rates, to be [...]
SVC Co-operative Bank launches loan festival; to offer credit at attractive rates
New Delhi, Dec 15 (PTI) SVC Co-operative Bank on Wednesday announced the launch of its loan festival, offering home loans from 6.45 per cent onwards, among other products such as vehicle, gold and doctors loans. The consumer loan festival 'SVC Maha Loan Utsav' offers a bouquet of consumer loan products at attractive rates, to be [...]
SVC Co-operative Bank launches loan festival; to offer credit at attractive rates
New Delhi, Dec 15 (PTI) SVC Co-operative Bank on Wednesday announced the launch of its loan festival, offering home loans from 6.45 per cent onwards, among other products such as vehicle, gold and doctors loans. The consumer loan festival 'SVC Maha Loan Utsav' offers a bouquet of consumer loan products at attractive rates, to be [...]
Transportation Powered by Hydrogen Fuel Cell Technology – From India, For India, For the World
Pune, Maharashtra, India – Business Wire India • Sentient Labs announces hydrogen fuel cell bus that runs on indigenously developed electric powertrain and hydrogen fuel cell.• Fuel cell technology is the result of extensive collaboration between Sentient Labs, CSIR and NCL • Sentient Labs to partner with automotive OEMs and Tier1s to bring this technology [...]
TVS Motor Company and BMW Motorrad Announce the Expansion of their Cooperation Agreement for Future Technologies and Electric Vehicles
Hosur, Tamil Nadu, India (NewsVoir) TVS Motor Company and BMW Motorrad today announced that they are extending and expanding their long-term partnership with the joint development of new platforms and future technologies, including Electric Vehicles. Based on this decision, TVS Motor Company’s scope will include the design and development of future BMW Motorrad products and [...]
Tesla, Mastercard, Google top companies for future-readiness: IMD research
New Delhi, Dec 15 (PTI) Tesla, Lululemon, Mastercard and Google have emerged as the best companies in their respective industries in terms of their future-readiness in the post-pandemic world, according to a global study released on Wednesday. The Future Readiness Indicator report, released by Switzerland-based Institute for Management Development (IMD), studied more than a decade [...]
ISMA sees no impact of WTO panel ruling on sugar mills, cane farmers, exports
New Delhi, Dec 15 (PTI) Sugar industry body ISMA on Wednesday said a WTO panel's ruling against India's support measures for the sector will not impact mills and sugarcane farmers. Indian Sugar Mills Association (ISMA) Director General Abinash Verma also said the country's sugar exports will not be hurt as there are no financial assistance [...]
Infosys subsidiary to buy Singtel’s Malaysia delivery centre
New Delhi, Dec 15 (PTI) IT major Infosys on Wednesday said its subsidiary, Infosys Consulting, is acquiring Singtel's delivery centre in Malaysia.The cost of the transaction is "up to 6 million Singapore dollars, including the value of net assets, subject to customary closing adjustments", Infosys said in a regulatory filing. "As part of a strategic partnership, [...]
upGrad KnowledgeHut eyes annual revenue run rate to reach Rs 300 crore by Mar 2022
Mumbai, Dec 15 (PTI) Technology skill provider upGrad KnowledgeHut, part of upGrad, on Wednesday said it is eyeing a Rs 300-crore annual revenue run rate in March 2022. The company targets a Rs 300-crore annual revenue run rate in March 2022, a massive jump from Rs 80 crore within 7 months of coming into the [...]
Zion Exhibition Unveils its Biggest Clutter-breaking Platform, D-Arc Build
New Delhi, Delhi, India (NewsVoir) Encourages endless opportunities for 30 segments related to Design, Architecture, Building and construction related technologies. The brand has surmounted support of prominent associations like Construction Federation of India, Consulting Engineers Association of India, Hospitality Procurement Managers Forum, Institute of Indian Interior Designers Delhi chapter as a knowledge partner, PHD Chamber [...]
Kedaara Acquires Majority Stake in GAVS Technologies, an AI-led digital transformation company focussed on healthcare and other verticals
MUMBAI and NEW YORK, Dec. 15, 2021 /PRNewswire/ -- Kedaara, a leading private equity firm, today announced the acquisition of a significant majority stake in GAVS Technologies Limited (GAVS). GAVS is an AI-led digital transformation company that focuses on differentiated managed services and product engineering in Healthcare, Retail, BFSI and other verticals. GAVS has grown [...]
Markets extend losses for fourth day as Fed decision looms
Mumbai, Dec 15 (PTI) The Sensex and Nifty buckled under selling pressure for the fourth session on the trot on Wednesday as risk-off sentiment prevailed ahead of the US Federal Reserve's policy decision. A sharp drop in the rupee -- which slumped to a 20-month low against the US dollar -- and unabated foreign fund [...]
Cabinet clears Rs 1,300-cr incentive scheme to promote digital payments
New Delhi, Dec 15 (PTI) The Union Cabinet on Wednesday approved a Rs 1,300-crore incentive scheme to promote digital transactions using UPI and Rupay debit cards, Electronics and IT Minister Ashwini Vaishnaw said.The minister said that the government will reimburse transaction charges levied on digital payments made by persons to the merchant as part of [...]
Tata Power-DDL, Hitachi Energy sign pact to nurture talent pool in power distribution sector
New Delhi, Dec 15 (PTI) Tata Power Delhi Distribution Ltd and Hitachi Energy have signed a pact to nurture a talent pool in the power distribution sector. "Tata Power Delhi Distribution Ltd signed a memorandum of understanding (MoU) with global power technology leader Hitachi Energy to conduct trainings in the power distribution sector," according to [...]
Odisha CM urges Centre for special intervention in infra development
Bhubaneswar, Dec 15 (PTI) Odisha Chief Minister Naveen Patnaik on Wednesday urged the Centre for special intervention in filling the infrastructural gaps due to recurring natural calamities in the state.Interacting with a visiting delegation of the Niti Aayog led by its vice chairman Rajiv Kumar, Patnaik said though Odisha made substantial improvement in the last [...]
Ola Electric commences deliveries of S1 scooter
New Delhi, Dec 15 (PTI) Ola Electric on Wednesday said it has commenced deliveries of its S1 scooter. The company said it organised special events in Bangalore and Chennai on Wednesday to deliver both S1 and S1 Pro trims to the first 100 customers. "Today is a landmark day for those who have joined the [...]
ICRA downgrades growth forecast for passenger vehicle industry to 8-11% for FY22
Ratings agency ICRA (Investment Information and Credit Rating Agency of India Limited) revised downwards the growth forecast for the domestic passenger vehicles industry to 8-11 per cent in the ongoing fiscal from the earlier estimate of 14-17 per cent on account of the ongoing semiconductor shortage, on Wednesday. Affordability and demand sentiments of target clientele [...]
CashFlo Adds 3 Ground-Breaking Enhancements to Its Dynamic Discounting Platform; To Help Unlock 5X Increase in Returns
The first-to-market, India-centric features include automated pricing engine sanctions and multi-source financing options Mumbai, Maharashtra, India – Business Wire India CashFlo, India's leading digital supply chain finance platform today announced 3 new features to its flagship dynamic vendor financing platform, providing milestone-based financing, deep-tier financing and a corporate treasury-cum-multi-funder platform. Integrating these first-to-market, India-centric features [...]
Voltas wins the prestigious ‘National Energy Conservation Award 2021’
- The Company has won the award for the 5th year and was felicitated by Shri R.K. Singh, Hon'ble Union Minister of Power and New & Renewable Energy, Govt. of India NEW DELHI, Dec. 15, 2021 /PRNewswire/ -- Voltas Limited, India's No.1 AC Company from the house of Tata's known for its energy efficient products [...]
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