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MSCI India Index: RVNL, Oil India and 6 other stocks to see inflows of $1.6 Bil
The MSCI India Index is a composite of Indian stocks created by Morgan Stanley Capital International (MSCI). It includes many reputable Indian companies across sectors, representing at least 85 percent of the total equity offered by Indian companies. The upcoming rebalancing of the MSCI India Index announced on Monday after market hours, is set to [...]
Alcohol stock jumps 9% after it reports 54% YoY increase in net profits
The shares of the leading alcoholic beverage manufacturer gained up to 9 percent after the company’s net profit and revenue increased by 3 percent and 54 percent YoY, respectively in Q1FY24. Tilaknagar Industries Ltd has a market capitalization of Rs 4,869.29 crore, the shares were trading at Rs 252.55 per share, increasing around 4.39 percent [...]
Steel stock jumps after securing contract from BrahMos Aerospace for steel
In Tuesday's trading session, the shares of India’s leading stainless steel manufacturer surged by 2% to Rs. 695.9 on BSE, after the company secured a BrahMos Aerospace contract to manufacture high-end stainless steel. At 11:23 a.m., the shares of Jindal Stainless Limited were trading in the green at Rs. 687.45, up by 0.73 percent, compared [...]
Defence stock in focus after it signs MoU with Cummins India for services to the Indian Navy
Defence stock engaged in the manufacturing and sale of all types of marine and industrial electrical & electronic components in focus upon signing an MoU with Cummins India Limited for developing products and services catering to the Indian Navy Price Action With a market capitalization of Rs. 3,848 Crores, the shares of Marine Electricals Limited [...]
Green Energy stock jumps 13% after receiving an order for wind turbine generator
In Tuesday's trading session, the shares of India’s leading wind energy solutions provider surged by 13.6 percent to hit a new 52-week high at Rs. 237 on BSE, after the company secured a 51 MW order equipment supply order from Everrenew Energy Private Ltd. At 10:06 a.m., the shares of Inox Wind Limited were trading [...]
EV stock jumps 12% after its net profit increases by 45% in Q1
The shares of the electric vehicle manufacturer gained up to 12 percent after the company's net profit and revenue increased by 33 percent and 45 percent YoY, respectively in Q1FY25. With a market capitalization of Rs 14,127.74 crore, the shares of Olectra Greentech Ltd were trading at Rs 1,709.25 per share, increasing around 11 percent [...]
Small cap stocks in which FIIs increased their stake by 20% in Q1
In their early stages, small-cap companies often offer substantial growth potential and may be undervalued. Foreign institutional investors are drawn to these companies for the opportunity to achieve high returns as they expand and develop. An increase in FII stakes enhances the company's credibility among other investors, potentially leading to a rise in stock prices. [...]
Green energy stock hits 5% upper circuit after receiving orders worth ₹ 27 Cr for solar panels
Green energy stock hits 5 percent upper circuit reaching Rs.503.2 per share after securing orders worth Rs.27 crore for supplying solar products. Price Variation In Monday's trading session, the stock price of Australian Premium Solar (India) Ltd. hit a 5 percent upper circuit reaching Rs.503.2 per share from its previous close of Rs.479.25 apiece. What [...]
Railway stocks in focus after Govt approves 8 new railway projects worth ₹ 24,657 Cr
On Friday, the Cabinet Committee on Economic Affairs, led by Prime Minister Narendra Modi, approved eight significant railway projects with a total investment of approximately Rs. 24,657 crore. These projects are aimed at enhancing railway connectivity, particularly in the Eastern states of India, and are expected to cover about 900 kilometres. These projects are expected [...]
Auto ancillary stock in focus after it receives orders worth ₹ 800 Cr
Small-cap stock that caters to automotive OEMs (Original equipment manufacturers) industry surged nearly 1.5 percent after securing orders worth Rs.800 crore to supply transfer cases for international markets. Price Variation After recently hitting a 52-week low, the shares of Divgi TorqTransfer Systems Limited surged by nearly 1.5 percent to an intra-day high of Rs.687.5 per [...]
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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
From Kolhapur to Chanel boss: Leena Nair joins list of Indian-origin CEOs to head global giants
New Delhi, Dec 15 (PTI) Leena Nair, who grew up in Kolhapur in Maharashtra, will next month-end take over as the Global Chief Executive Officer of French luxury fashion house Chanel, joining the ranks of Indian-origin corporate bosses who call the shots at Global Inc. Nair, 52, was the first female and youngest-ever Chief Human [...]
TVS, BMW Motorrad expand co-operation for future technologies, EVs
New Delhi, Dec 15 (PTI) TVS Motor Company on Wednesday and BMW Motorrad on Wednesday announced expansion of their long standing partnership to include joint development of new platforms and future technologies, including electric vehicles. Under the extended scope of partnership, the companies plan to come up with electric vehicle platform in addition to the [...]
Total length of national highways increases to about 1,40,937 km till Nov-end: Gadkari
New Delhi, Dec 15 (PTI) The total length of national highways (NHs) in the country has increased from about 91,287 km in April 2014 to about 1,40,937 km till the end of November this year, Parliament was informed on Wednesday. Replying to a question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said that [...]
Prestige group, Awfis to invest Rs 70 crore for setting up of 6 more co-working centres
New Delhi, Dec 15 (PTI) Realty firm Prestige Group and co-working operator Awfis have expanded their partnership and will set up six more centres, comprising 3 lakh square feet, across major cities with an investment of about Rs 70 crore to meet rising demand of flexible workspace.In February, the two companies had announced setting up [...]
Sugar mills, distilleries to earn revenue of over Rs 18,000 cr from ethanol sales in 2021-22 season
Sugar mills and distilleries are likely to earn revenue of over Rs 18,000 crore in 2021-22 season by selling ethanol to oil marketing companies (OMC) for blending with petrol. Minister of State for Food and Consumer Affairs Sadhvi Niranjan Jyoti, in a written reply to the Lok Sabha, informed that during the last three years, [...]
Ingersoll Rand celebrate its 100 years in India
- Ingersoll Rand puts the spotlight on sustainability with the launch of a Solar Energy plant at its Naroda based factory - The company celebrates with its 1300 strong employees base across India - Ingersoll Rand is one of the first few companies to promote 'Make in India for the world' NEW DELHI, Dec. 15, [...]
PRICES MUM BULLION OPEN
Mumbai, Dec 15 (PTI) OPENING RATES SILVER SPOT (IN RS PER kg): 60375.00 STANDARD GOLD (99.5) : 47783.00 PURE GOLD (99.9) : 47975.00 -------------------- PTI MUM SVC SHW SHW
JMC Projects raises Rs 99 cr via NCDs
New Delhi, Dec 15 (PTI) JMC Projects Ltd on Wednesday said it has raised Rs 99 crore via issuance of NCDs on private placement basis. "...the management committee of the board of directors of the company at its meeting held today i.e. December 15, 2021 has allotted 990 unsecured, rated, listed, redeemable non-convertible debentures (NCDs)...for [...]
Revenue receipts decreased by Rs 204 cr in Himachal Pradesh in 2019-20: CAG report
Dharamshala, Dec 15 (PTI) Himachal Pradesh witnessed a decrease of Rs 204.94 crore in revenue receipts in 2019-20 as compared to 2018-19, the Comptroller and Auditor General (CAG) of India stated. The CAG of India in its report, tabled by Chief Minister Jai Ram Thakur in the state Assembly on the last day of the [...]
Cabinet approves reimbursement of Rs 1,300 crore on digital transactions using UPI, Rupay debit card
New Delhi, Dec 15 (PTI) The Union Cabinet on Wednesday approved reimbursement of Rs 1,300 crore on 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 the [...]
Sichuan Daily: the biodiversity survey in Deyang, Sichuan discovered more biodiversity other than the feces of the giant panda
SICHUAN, China, Dec. 15, 2021 /PRNewswire/ -- The preliminary results of the first field survey of biodiversity in Deyang Park, Sichuan Giant Panda National Park, China that was completed a few days ago have shown that this survey has obtained several activity traces of giant pandas and pheasants. It has discovered and recorded the distribution [...]
BSE, Gem & Jewellery Council to promote e-gold receipt, IIBX
New Delhi, Dec 15 (PTI) Leading stock exchange BSE on Wednesday said it has collaborated with the Gem & Jewellery Council (GJC) to provide impetus for the growth and development of commodities and proposed electronic gold receipt (EGR) market in the country. Apart from knowledge sharing and research, the pact will help standardise [...]
Juspay raises $60 mn funding from SoftBank, others
New Delhi, Dec 15 (PTI) Fintech firm Juspay Technologies on Wednesday said it has raised USD 60 million (about Rs 457 crore) in funding led by SoftBank Vision Fund 2.The series C funding round also saw participation from existing investors, VEF and Wellington Management, a statement said.Juspay intends to invest the funds in technology and [...]
Cabinet approves Rs 76,000-cr PLI scheme for semiconductor manufacturing
New Delhi, Dec 15 (PTI) The Union Cabinet on Wednesday approved a production linked incentive (PLI) scheme for semiconductor and display board production in the country, I&B Minister Anurag Thakur said.The scheme envisages investment of Rs 76,000 crore in semiconductor production over the next 5-6 years, he said.Telecom and IT Minister Ashwini Vaishnaw said the [...]
RE project acquisitions jump four-fold to USD 6 bn during Jan-Oct: Report
New Delhi, Dec 15 (PTI) India has recorded acquisitions of renewable energy projects worth USD 6 billion till October during the calendar year 2021, which is four times of the USD 1.5 billion recorded in 2020, according to a report. "Total value of acquisitions in India's renewable energy sector surged by more than 300 per [...]
FairCapacity platform to improve buyer-supplier relationship: AEPC
New Delhi, Dec 15 (PTI) Blockchain-enabled FairCapacity platform, launched by Social Accountability International (SAI) in India recently, will help strengthen buyer-supplier relationship and improve consumer confidence in Indian apparels, export promotion body AEPC said on Wednesday. The launch of the "platform will further showcase our commitment towards delivering international quality apparels while safeguarding the health [...]
Vegetable prices
Bengaluru, Dec 15 (PTI):: Following are vegetable rates quoted at Agriculture Produce Marketing Committee (APMC). Rates per quintal: Cauliflower 1,000-,5000, Brinjal 500-7,000, Tomato 333-8,100, Bitter Gourd 2,777-6,000, Bottle Gourd 230-4,000, Ash Gourd 800-2,000, Green Chilli 250-6,715, Banana Green 1,400-3,500, Beans 400-7,000, Green Ginger 700-5,000, Carrot 1,000-7,000, Cabbage 300-4,800, Ladies Finger 350-7,200, Snake Gourd 1,800-5,000, Beetroot [...]
NEWSALERT
Cabinet approves PLI scheme to promote manufacturing of semiconductor and display board: I&B Minister Anurag Thakur. PTI MBI ANZ MR
JioMart taps WhatsApp to deliver groceries, vegetables
New Delhi, Dec 15 (PTI) Ordering groceries, vegetables and daily essentials is just a WhatsApp away as billionaire Mukesh Ambani's e-commerce platform JioMart taps into the popular messaging app to scale up online business in its fight for dominance in the giant Indian retail market with Amazon and Walmart-owned Flipkart. Ambani's twin children, Akash and [...]
Burger King plans to raise Rs 1,500 crore via securities
New Delhi, Dec 15 (PTI) Restaurant chain Burger King India on Wednesday said it plans to raise up to Rs 1,500 crore through further issuance of securities. The board of directors of the company, at its meeting held on Wednesday, also approved increasing the authorised share capital to Rs 600 crore from Rs 550 crore, [...]
Jio prepaid recharge through WhatsApp soon
New Delhi, Dec 15 (PTI) Telecom major Reliance Jio and Meta (formerly Facebook) on Wednesday said Jio users will soon be able to recharge their subscription using WhatsApp. Speaking at Meta's Fuel for India 2021 event, Jio Platforms Ltd Director Akash Ambani said Jio and Meta teams are working closely to open more avenues of [...]
Personal care products maker Vedic raises Rs 25 cr from Sixth Sense
Mumbai, Dec 15 (PTI) Personal care products maker Vedic Cosmeceuticals on Wednesday said it has raised Rs 25 crore from Sixth Sense Ventures, which will be deployed for business expansion and research activities. The 17-year-old company, which manufactures facial care, hair care, baby care products and soaps for over 50 brands globally, is aiming to [...]
Fintech start-up Uni raises USD 70 mn from General Catalyst, others
Mumbai, Dec 15 (PTI) Bengaluru-based fintech start-up Uni has raised USD 70 million in Series-A funding round led by General Catalyst, with participation from Eight Roads Ventures, Elevation Capital, Arbor Ventures and existing investors Lightspeed and Accel. The funds will be utilised to scale up the team, launch new products and invest further in technology [...]
Govt will ensure Internet remains open, trusted, not dominated by big corporates: MoS IT
New Delhi, Dec 15 (PTI) The government fully supports foreign and Indian companies in leveraging Internet as "force of good" but will take all measures to ensure that Internet remains open and is not dominated by some big corporates, Minister of State for IT Rajeev Chandrasekhar said on Wednesday. Chandrasekhar said the government wants to [...]
Godrej group PE arm GFM raises USD 500 mn to build premium office buildings
New Delhi, Dec 15 (PTI) Godrej group's real estate private equity arm Godrej Fund Management (GFM) on Wednesday said it has raised USD 500 million (Rs 3,800 crore) for development of premium office assets.The company announced the final closure of its USD 500 million office development fund, GBTC II."GFM will develop grade-A office assets that [...]
SpiceJet settles disputes with Canadian plane maker De Havilland
New Delhi, Dec 15 (PTI) SpiceJet said on Wednesday it has entered into an agreement with Canadian aircraft manufacturer De Havilland to settle all disputes related to the Q400 turboprop aircraft purchase agreement. "All related proceedings before the UK court and execution proceedings before the Delhi High Court have been stayed and will be withdrawn upon [...]
NTPC awards India’s first green hydrogen-based microgrid project
New Delhi, Dec 15 (PTI) State-run power giant NTPC on Wednesday said it has awarded a standalone fuel-cell based green hydrogen microgrid project at Simhadri, in Andhra Pradesh. "NTPC has awarded a project of standalone Fuel-Cell based Micro-grid with hydrogen production using electrolyser in NTPC Guest House at Simhadri (near Visakhapatnam)," a power ministry statement [...]
INR Deposits and Withdrawals Now Live on Coinsbit India
Telangana, Hyderabad, India – Business Wire India Highlights • Coinsbit India launches its highly anticipated INR deposits and withdrawals • Now Buy Bitcoin in India with the most trusted security • 24/7 multilingual support and introduction of IVR. Following its April debut, Coinsbit India has received massive response from the community, onboarding 1+ million KYC [...]
Refined soya oil futures fall on low demand
New Delhi, Dec 15 (PTI) Refined soya oil prices on Wednesday fell Rs 17.4 to Rs 1,171 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 17.4, or 1.46 per cent, [...]
Plix raises $5 million from Guild Capital, RPSG Capital Ventures
New Delhi, Dec 15 (PTI) Nutrition product startup Plix on Wednesday said it has raised USD 5 million(around Rs 38 crore) from Guild Capital and RPSG Capital Ventures.The company plans to use the funds for launching several products in the nutraceuticals segment tackling key health concerns and hiring senior leadership talents. This was series [...]
Guar seed futures rise on fresh bets
New Delhi, Dec 15 (PTI) Guar seed prices on Wednesday rose by Rs 7 to Rs 6,147 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 7, or 0.11 per [...]
Actress Malaika Arora Appointed Brand Ambassador for Lotus Herbals Youth Rx
New Delhi, Delhi, India (NewsVoir) India's leading natural beauty care company Lotus Herbals has appointed Bollywood fitness diva Malaika Arora as the brand ambassador for its Lotus Herbals Youth Rx brand and its range of natural, anti-ageing skincare products. As the face of the brand, Malaika will appear in multimedia campaigns spanning TV, digital and [...]
Zell Education partners with Chandigarh University to offer range of international financial qualifications
MUMBAI, India, Dec. 15, 2021 /PRNewswire/ -- India's leading finance and accounts edtech startup, Zell Education has partnered with Chandigarh University to offer international professional qualifications like ACCA, CPA & CIMA along with their bachelor`s and master's degrees. With this partnership, Zell would be acting as their technical partner to assist CU in reaching their [...]
Meta, CBSE expand partnership to enable over 10 mn students to embrace immersive tech
New Delhi, Dec 15 (PTI) Meta (formerly Facebook) on Wednesday said it will expand its partnership with the Central Board of Secondary Education (CBSE) to provide a curriculum on digital safety and online well-being and augmented reality (AR) for over 10 million students and 1 million educators in the country over the next three years.Additionally, [...]
India’s entrepreneurial spirit, scale driving optimism about future: Zuckerberg
Meta Platforms Inc. (formerly Facebook) founder Mark Zuckerberg on Wednesday said India’s entrepreneurial spirit and massive scale is fuelling optimism about the future and the opportunities that the country presents. Speaking at Meta’s Fuel for India 2021, Zuckerberg also said he is excited about the role that India will play in building the metaverse. Meta, [...]
Parag Milk Foods and Maini Precision files draft papers with Sebi to raise funds via IPO
Parag Milk Foods and Maini Precision Products have filed draft papers to fund business expansion with capital markets regulator Sebi. Parag Milk Foods The public issue of Parag Milk Foods consists of a fresh issue of equity shares worth Rs 325 crore and an offer for sale of up to 19,850,000 equity shares. The [...]
Testing embryos before IVF doesn’t increase the chance of a baby
Melbourne, Dec 15 (The Conversation) In the past two decades there has been a significant rise in IVF clinics worldwide offering costly testing of embryos to make sure they have the right number of chromosomes.The theory is this will improve the chance of a baby by ensuring only chromosomally normal embryos are transferred.But a recently [...]
Tata Motors ties up with Bandhan Bank for passenger vehicle finance
New Delhi, Dec 15 (PTI) Tata Motors on Wednesday said it has tied up with Bandhan Bank for retail finance for its range of passenger vehicles. As part of the tie-up, Bandhan Bank will provide loans to Tata Motors' customers at an interest rate starting from as low as 7.5 per cent, the automaker said [...]
Pristyn Care raises USD 96 mn in Series E round
New Delhi, Dec 15 (PTI) Health-tech startup Pristyn Care on Wednesday said it has raised USD 96 million (around Rs 730 crore) in Series E round. With this funding, the valuation of the startup has more than doubled in the last seven months and is now at USD 1.4 billion, making it the latest digital [...]
Former Twitter India head Manish Maheshwari quits co to join education venture
New Delhi, Dec 15 (PTI) Former Twitter India Head Manish Maheshwari has quit the company to work on an ed-tech venture.Maheshwari, who had been transferred to the US in August this year, shared the development on a tweet."After close to three years, I am leaving Twitter to dedicate myself to #education and #teaching. While it [...]
How we can use the law to make the fashion industry fairer to women and the earth
Sydney, Dec 15 (The Conversation) In March 1911, in a garment factory in Manhattan, over 100 people, mostly Jewish and Italian women migrants, some as young as 14, were trapped inside and died as the factory burnt to the floor. Management had locked the doors. In the following years, women workers mobilised. Their protests catalysed [...]
Limelight Announces General Availability of GraphQL Caching and Serverless Hosting for Builders of Headless Websites
SCOTTSDALE, Ariz., Dec. 15, 2021 /PRNewswire/ -- Limelight Networks, Inc. (Nasdaq: LLNW), a leading provider of content delivery services and AppOps at the edge, today announced general availability of GraphQL functionality for its Layer0 by Limelight web application CDN. GraphQL is an important enabler of microservices-based (aka headless) websites, allowing web builders to make their [...]
Toyota Kirloskar to hike vehicle prices from January
New Delhi, Dec 15 (PTI) Toyota Kirloskar Motor (TKM) on Wednesday said it will increase prices across its entire product portfolio from January, in order to offset the impact of rise in input costs. The company sells a range of models including Glanza, Urban Cruiser, Innova Crysta and Fortuner in the domestic market. "The price [...]
SABGROUP Governance Now – 75 Episodes of ‘Visionary Talk Series’ with Eminent Personalities
Delhi, India (NewsVoir) SABGROUP Governance now “Visionary talk series” is celebrating its Platinum Jubilee on the completion of 75 successful episodes with eminent personalities. A talk series, hosted by Kailashnath Adhikari, Managing Director, Governance Now. Governance now is a public policy and governance analysis platform, is also a multi-media initiative for participatory reportage and analysis [...]
Evaluating RBI’s Payments Guidelines – Empower India’s Take on the Future of Digital Payments in India
New Delhi, Delhi, India: Business Wire India The digital payments growth in India has positioned the country as a global fintech leader, with online transactions growing 80% in 2020 and UPI transactions witnessing a 120% growth last year, further accelerated by the pandemic. The convenience and ease offered by digital payments continue to sustain the [...]
Skoda Auto Volkswagen India MD Gurpratap Boparai resigns
New Delhi, Dec 15 (PTI) Auto maker Skoda Auto Volkswagen India on Wednesday said its Managing Director Gurpratap Boparai has resigned from the company with effect from January 1, 2022. Christian Cahn von Seelen will take interim charge of the VW Group's Indian operations from January 1, 2022, in his capacity as Chairman of Skoda [...]
Nirvana Being launches Spider-Man N95 Masks as Official Mask Merchandise Partners
NEW DELHI, Dec. 15, 2021 /PRNewswire/ -- The friendly neighbour is back in town with 'No Way Home'. While in the movie, the favourite marvel character Spider-Man will be fighting evil, the real heroes will be all wearing N95 masks to protect from the 2nd and/or the 3rd wave and air pollution. As everyone is [...]
SBI gets Board nod to offload its 6% stake in SBI Mutual Fund via IPO
New Delhi, Dec 15 (PTI) The State Bank of India (SBI) on Wednesday said it has received board approval for selling its 6 per cent stake in SBI Mutual Fund through the initial public offering (IPO) route. The Executive Committee of Central Board has accorded approval for exploring possibilities to offload 6 per cent stake [...]
Piaggio Vehicles Apr-Nov cargo three-wheelers sales at 15,206 units
Mumbai, Dec 15 (PTI) Small commercial vehicles maker Piaggio Vehicles has sold 15,206 cargo three-wheelers in the April-November period this year, on the back of growing demand for e-commerce and delivery business. These sales numbers are based on Parivahan data till November, excluding Andhra Pradesh, Telangana and Madhya Pradesh, the company said. "Piaggio introduced India [...]
Cloud4C Expands Its Managed Cloud Services with Highly Secure SD-WAN Solution
NEW DELHI, Dec. 14, 2021 /PRNewswire/ -- Cloud4C, a leading cloud managed services provider and a named Visionary in the 2021 Gartner® Magic Quadrant™ for Public Cloud IT Transformation services, today announced the launch of its Software-Defined Wide Area Network (SD-WAN) solution for enterprises. This latest addition to Clodu4C's portfolio highlights the company's commitment to [...]
Partnership with B.J. Government Medical College and HelpMeSee delivers virtual reality, simulation-based training to help fight India’s cataract blindness crisis
As graduates complete training, innovation brings hope to cataract blind in India PUNE, India, Dec. 15, 2021 /PRNewswire/ -- Today, as millions face blindness due to cataract, new trainees are graduating from an innovative training program at B.J. Government Medical College that is focused on improving surgical skills and restoring sight to cataract blind in [...]
Flutura Achieves AWS Energy Competency Status
BANGALORE, India, Dec. 15, 2021 /PRNewswire/ -- Flutura Decision Sciences and Analytics announced today that it has achieved Amazon Web Services (AWS) Energy Competency status. This designation recognizes that Flutura has demonstrated deep expertise helping customers leverage AWS to build, implement, and integrate technology to enable the transformation of complex business and operational systems. AWS [...]
Pre-Sales Open: Refresh Skin Science – The Best in Skincare, Launching in India
Coimbatore, Tamil Nadu, India – Business Wire India Refresh Skin Science, part of Visionary Skincare Pvt Ltd., brings a set of skin serums to solve skincare problems in the Indian market. Their range of products helps reduce the severity and clear skincare challenges that the majority of people experience. Refresh Skin Science pre-sales are currently [...]
Uniphore Collaborates with Cisco to Enable Better Customer Experiences
Uniphore joins Cisco SolutionsPlus Partner Program Chennai, India, &Palo Alto, Calif. – Business Wire India Uniphore, the leader in Conversational Automation, announced today that it has joined Cisco SolutionsPlus, an industry-leading partner program that helps enterprise buyers design and implement complete end-to-end customer solutions. Through Cisco’s SolutionsPlus Program, Cisco’s customers and channel partners can purchase [...]
Skilling to become more important in post-Covid world, says MoS Rajeev Chandrasekhar
Dubai, Dec 14 (PTI) Skilling will become more important in the post-COVID world because the pandemic has disrupted livelihoods and business models and people would want to re-skill and up-skill themselves to get into new fields, Minister of State for Skill Development and Entrepreneurship Rajeev Chandrasekhar said on Tuesday. Chandrasekhar, who is also the Minister [...]
South African film production sector suffers over 620 mn rand loss after UK travel ban over Omicron
Johannesburg, Dec 14 (PTI) South African film producers have said that they lost over 620 million rands in work from the UK after Britain imposed travel ban on South Africa over Omicron variant of the coronavirus. The Commercial Producers Association of South Africa (CPASA), an association of companies that specialise in the production of television [...]
Amid pandemic, Corp Affairs Ministry provides more leeway for cos to hold AGMs virtually
New Delhi, Dec 14 (PTI) The corporate affairs ministry on Tuesday provided more leeway for companies in terms of holding annual general meetings in virtual mode. The relaxation will be applicable for companies planning to hold their annual general meetings (AGMs) next year for the financial year 2021-22. Companies proposing to hold their AGMs in [...]
Our vaccines may become ineffective in emerging situations, says VK Paul
New Delhi, Dec 14 (PTI) Amid concerns over Omicron, India's COVID Task Force chief VK Paul on Tuesday said there is a potential scenario that "our vaccines may become ineffective in emerging situations" and emphasised the need to be ready to modify the vaccines as per requirement.He also hoped that COVID in India is possibly [...]
WTO DG stresses on equitable access to COVID vaccines
New Delhi, Dec 14 (PTI) WTO Director-General Ngozi Okonjo-Iweala on Tuesday said the world will face continued disruptions to lives and livelihoods if equitable access to COVID-19 vaccines and other countermeasures are not ensured amid the spread of the Omicron variant. Speaking at the CII Partnership Summit 2021, she also stressed that the World Trade [...]
QSR startup Third Wave Coffee raises $6 million
New Delhi, Dec 14 (PTI) Quick service restaurant startup Third Wave Coffee on Tuesday said it has raised USD 6 million (about Rs 45.5 crore) in funding from a clutch of investors, including Udaan co-founder Sujeet Kumar.The series A funding round saw participation from several existing and new shareholders, including Sujeet Kumar (Udaan co-founder), Arpan [...]
HDFC invokes 50 lakh shares pledged by Ansal Housing to recover dues
New Delhi, Dec 14 (PTI) The country's largest mortgage lender HDFC Ltd on Tuesday said it has invoked 50 lakh shares pledged by Ansal Housing Ltd to recover its dues from the company. "For the purpose of recovery of part outstanding dues against loans availed by certain pledges/borrowers, the Corporation on December 13, 2021 invoked [...]
Axis Bank board appoints Bain Capital’s Ashish Kotecha as nominee director
New Delhi, Dec 14 (PTI) Axis Bank on Tuesday said its board has approved the appointment of Ashish Kotecha, a nominee of Bain Capital, as an additional non-executive director. "The board of directors of the bank has today approved the appointment of Ashish Kotecha as an additional non-executive (nominee of entities affiliated to Bain Capital) [...]
ITC analysts meet: No concrete plan for demerger, listing announced
Kolkata, Dec 14 (PTI) Multi-business conglomerate ITC Ltd has not given any concrete plan for demerger and listing of businesses to unlock value at its analyst meet on Tuesday, but did not rule out that those are options for the company, according to analysts present at the programme. The market was expecting some concrete announcements [...]
Flipkart’s Shopsy adds grocery segment
New Delhi, Dec 14 (PTI) Flipkart's social commerce offering Shopsy on Tuesday said it has started offering grocery as a category on its platform that was launched earlier this year. Leveraging Flipkart Group's supply chain infrastructure and tech capabilities, Grocery on Shopsy will cater to consumers across 700 cities, spanning over 5,800 pin codes, a [...]
Data Patterns IPO fully subscribed on Day 1 of offer
New Delhi, Dec 14 (PTI) The initial public offer of Data Patterns (India) Limited, which supplies electronic systems to the defence and aerospace sector, was subscribed 3.30 times on the first day of subscription on Tuesday.The Rs 588.22-crore initial share sale received bids for 2,34,31,875 shares against 70,97,285 shares on offer, according to data with [...]
UK court hears Nirav Modi extradition appeal on mental health grounds
London, Dec 14 (PTI) The High Court in London on Tuesday heard Nirav Modi’s appeal on the grounds of his mental health against extradition to India to face charges of fraud and money laundering, amounting to an estimated USD 2 billion in the Punjab National Bank (PNB) loan scam case. Lord Justice Jeremy Stuart-Smith and [...]
Company law tribunal can’t compel parties to settle dispute in insolvency proceedings under IBC: SC
New Delhi, Dec 14 (PTI) In a significant verdict, the Supreme Court on Tuesday held that the National Company Law Tribunal (NCLT) cannot compel a party to settle a dispute under the Insolvency and Bankruptcy Code (IBC) as it is empowered “only to verify whether a default has occurred or not”. The top court referred [...]
Govt invites global bids for strategic divestment of PDIL, HLL Lifecare
New Delhi, Dec 14 (PTI) The finance ministry on Tuesday invited global bids for strategic sale of Projects & Development India Limited (PDIL) and HLL Lifecare Limited (HLL) as part of the disinvestment process. The last date for submission for bids is January 31 for both the state-owned entities. "GoI invites Expression of Interest (EoI) [...]
COVID Task Force chief pitches for quickly adaptable vaccine platforms
New Delhi, Dec 14 (PTI) Amid concerns over the Omicron variant of coronavirus, COVID Task Force chief V K Paul on Tuesday said India should have vaccine platforms that are 'adaptable quickly' with changing nature of the variants.Addressing an event organised by industry body CII, Paul said he hopes that COVID-19 in India is possibly [...]
No RE investor will come if energy bills not paid, stringent action needed: R K Singh
New Delhi, Dec 14 (PTI) Power Minister R K Singh on Tuesday expressed concern over rising dues of renewable energy (RE) producers that have not been paid by discoms, saying no investment will come in the sector if investors find power bills are not being cleared. Talking to reporters on the sidelines of National Energy [...]
SBI collected Rs 346 cr since FY18 in additional services fee on basic savings, Jan Dhan a/c
New Delhi, Dec 14 (PTI) The country's largest lender State Bank of India (SBI) collected around Rs 346 crore from 2017-18 up to October 2021 in the form of additional services to customers holding basic savings, including Jan Dhan accounts, which were beyond their free services, the Finance Ministry said in Parliament on Tuesday. "As [...]
Power available for 22 hrs/day in villages, 23.5 hrs in cities: R K Singh
New Delhi, Dec 14 (PTI) Union Power Minister R K Singh on Tuesday said electricity is available for about 22 hours per day in villages and 23.5 hours in cities across the country. The availability of power in rural and urban areas has increased tremendously in comparison to 2014, he said while addressing a function [...]
IndiGo partners with Kotak Mahindra Bank to launch co-branded credit card
New Delhi, Dec 14 (PTI) IndiGo airlines, in partnership with Kotak Mahindra Bank, on Tuesday launched a co-branded credit card which allows customers to gain points that can be used to purchase tickets on its flights.The credit card was launched by IndiGo chief commercial officer William Boulter and Kotak Mahindra Bank president for consumer assets [...]
EeVe India lines up Rs 1k cr investment to roll out new products, expand sales infra
New Delhi, Dec 14 (PTI) Electric two-wheeler maker EeVe India on Tuesday said it plans to invest up to Rs 1,000 crore over the next two years to roll out new products, set up charging infrastructure and expand its sales network.The company, which unveiled a high-speed electric scooter Soul on Tuesday, aims to garner a [...]
Exports rise 27.16 pc to USD 30.04 bn in Nov; trade deficit at USD 22.91 bn
New Delhi, Dec 14 (PTI) India's merchandise exports jumped 27.16 per cent to USD 30.04 billion in November on the back of good performance by sectors like petroleum products, engineering goods and electronic items, official data showed on Tuesday. The exports stood at USD 23.62 billion in November 2020. Imports in November were at USD [...]
Metro Brands IPO subscribed 3.64 times on last day of subscription
New Delhi, Dec 14 (PTI) The initial public offer of footwear retailer Metro Brands Limited was subscribed 3.64 times on the last day of subscription on Tuesday. The Rs 1,367.5-crore IPO received bids for 6,96,12,480 shares against 1,91,45,070 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) garnered 8.49 times [...]
COVID Task Force chief pitches for quickly adaptable vaccine platforms
New Delhi, Dec 14 (PTI) Amid concerns over the Omicron variant of coronavirus, COVID Task Force chief V K Paul on Tuesday said India should have vaccine platforms that are 'adaptable quickly' with changing nature of the variants.Addressing an event organised by industry body CII, Paul said he hopes that COVID-19 in India is possibly [...]
Social distancing on a decline even as Omicron cases emerge, finds survey
Mumbai, Dec 14 (PTI) Complacency towards following social distancing as a "social vaccine" continues to high in India even though the country has recorded over 50 cases of the Omicron variant within the last 10 days, finds the new survey by LocalCircles. Scientists and epidemiologists from around the world have raised a red flag on [...]
Par panel asks govt to modify farmers pension scheme to increase subscription
New Delhi, Dec 14 (PTI) Expressing concerns over the implementation of Pradhan Mantri Kisan Maan Dhan Yojana, a parliamentary panel on Tuesday again asked the government to comprehensively modify the scheme to attract more farmers.The Pradhan Mantri Kisan Maan Dhan Yojana (PMKMY) is a voluntary and contributory pension scheme introduced in September 2019 for small [...]
No farmers-related provision in proposed Electricity Amendment Bill: R K Singh
New Delhi, Dec 14 (PTI) Power Minister R K Singh on Tuesday said there is "no farmers-related provision" in the proposed Electricity Amendment Bill and that the government is yet to decide on the proposed draft law. The bill is yet to be cleared by the Union Cabinet and is unlikely to be introduced during [...]
Pandemic showed importance of investing in affordable tech, innovation to deliver life-saving vaccines: Kiran Mazumdar-Shaw
New Delhi, Dec 14 (PTI) The COVID-19 pandemic brought out the importance of investing in affordable technologies and innovation to deliver life-saving vaccines, biotechnology major Biocon's Executive Chairperson Kiran Mazumdar-Shaw said on Tuesday. Addressing the sixth annual Global Technology Summit co-hosted with the Ministry of External Affairs on Tuesday, Mazumdar-Shaw said it was also very [...]
Par panel pulls up govt for not initiating scheme for procurement of cow dung
New Delhi, Dec 14 (PTI) A Parliamentary panel on Tuesday pulled up the government for not implementing its recommendation to initiate a scheme for the procurement of cattle dung from farmers. The Parliamentary Committee on Agriculture, headed by P C Gaddigoudar in its 24th report had recommended the Union Agriculture Minister to come out with [...]
Unilever CHRO Leena Nair quits; joins French luxury fashion house Chanel as global chief executive
New Delhi, Dec 14 (PTI) Leena Nair, the first female and youngest-ever Chief Human Resources Officer of Anglo-Dutch FMCG major Unilever has stepped down to join French luxury group Chanel as its Global Chief Executive.She was a member of the Unilever Leadership Executive (ULE), which is responsible for delivering Unilever’s business and financial performance."Leena Nair, [...]
EPFO invested Rs 2,500cr in Reliance Capital’s bonds; asked govt to initiate insolvency process: FinMin
New Delhi, Dec 14 (PTI) The Employees Provident Fund Organisation (EPFO) had asked the government to initiate insolvency and bankruptcy proceedings against Reliance Capital as it has invested Rs 2,500 crore in the company's bond programmes, the Finance Ministry said in Parliament on Tuesday. The Ministry of Labour and Employment has apprised that Employees Provident [...]
RBI brings NBFCs on par with banks in new PCA framework
Mumbai, Dec 14 (PTI) To further strengthen the supervision on non-banking entities (NBFCs), the Reserve Bank on Tuesday issued revised guidelines on a Prompt Corrective Action (PCA) framework for such companies, excluding government-owned ones, effective from October 1, 2022, on the lines of what it had introduced for banks in 2002. The RBI came up [...]
Odisha aims for zero load-shedding, directs power cos to up production
Bhubaneswar, Dec 14 (PTI) The Odisha government directed the energy firms on Tuesday to maximise production to prevent load-shedding in summer as less rainfall led to a low hydro-storage situation in some reservoirs.At a virtual meeting, Chief Secretary Suresh Chandra Mohapatra reviewed the current power availability and peak-hour demand, an official statement said.Grid Corporation of [...]
Aditya Birla Fashion shares jump over 6 pc
New Delhi, Dec 14 (PTI) Shares of Aditya Birla Fashion & Retail on Tuesday jumped over 6 per cent after the firm signed a long-term licensing agreement with Authentic Brand Group of New York, which has the marketing and branding rights of Reebok. The stock settled at Rs 283.50, a jump of 6.56 per cent [...]
Air India transaction presents a ‘win-win’ situation, says Scindia
New Delhi, Dec 14 (PTI) Emphasising that the Air India transaction is a "win-win situation" across the board, Union Civil Aviation Minister Jyotiraditya Scindia on Tuesday said taxpayers' money will now be more justifiably used for many more socially productive purposes rather than filling the deep losses of the airline.He also said the disinvestment will [...]
NY court summons Tata America over alleged failure to raise money for PM Relief Fund
Mumbai, Dec 14 (PTI) The US Federal Court for the Southern District of New York has issued summons to Tata America in an alleged breach of contractual obligations by not following an August 2018 direction from Tata group patriarch Ratan Tata asking the company to help the plaintiff raise USD 500 million towards the Prime [...]
Rays Power Infra inks pact with Rajasthan govt to build 500 MW solar park
New Delhi, Dec 14 (PTI) Rays Power Infra has inked a pact with the Rajasthan government to build a 500 MW solar park."Rays Power Infra has signed a memorandum of understanding (MoU) with the Rajasthan government for constructing an avant-garde PV Photovoltaic (PV) Power Station (commonly referred to as solar power plant) and generating 500 [...]
Govt earned over Rs 8 lakh cr from taxes on petrol, diesel in last 3 fiscals: Sitharaman
New Delhi, Dec 14 (PTI) The Centre earned nearly Rs 8.02 lakh crore from taxes on petrol and diesel during the last three fiscal years, of which more than Rs 3.71 lakh crore was collected in FY21 alone, Finance Minister Nirmala Sitharaman informed Parliament on Tuesday. The minister was responding to queries on the hike [...]
UK court hears Nirav Modi extradition appeal on mental health grounds
London, Dec 14 (PTI) The High Court in London on Tuesday began hearing Nirav Modi’s appeal on the grounds of his mental health against extradition to India to face charges of fraud and money laundering, amounting to an estimated USD 2 billion in the Punjab National Bank (PNB) loan scam case. Lord Justice Jeremy Stuart-Smith [...]
Natco board approves proposal to acquire US-based firm
New Delhi, Dec 14 (PTI) Natco Pharma on Tuesday said its board has approved a proposal to acquire US-based Dash Pharmaceuticals LLC for a cash consideration of USD 18 million.The company’s board has approved to acquire Dash Pharmaceuticals through one of its subsidiary units, the drugmaker said in a regulatory filing.Natco, through its affiliates, is [...]
Centre says 12,576 posts were vacant in agri-varsities till July 2021
New Delhi, Dec 14 (PTI) The government on Tuesday informed Parliament that 12,576 posts were vacant in agricultural universities till July this year against the sanctioned positions of 33,686.Agriculture Minister Narendra Singh Tomar, in a written reply to the Lok Sabha, said as agriculture, including agricultural education, is a state subject, filling up of the [...]
Govt creating unique IDs of farmers enrolled under agri-schemes: Tomar in LS
New Delhi, Dec 14 (PTI) The government is in the process of creating unique identification (ID) of farmers who have availed agricultural schemes, Agriculture Minister Narendra Singh Tomar informed Parliament on Tuesday. "The unique identifier of the farmer will link the farmer profile with all the agricultural schemes, which have been availed by the farmer," [...]
Smartphones impacting in-person communication, relationships: Vivo survey
New Delhi, Dec 14 (PTI) Smartphones are an essential commodity in today's world but it is also impacting in-person communication and relationships, according to a survey conducted by smartphone maker Vivo. The survey also found that a large number of parents saying they feel that their excessive smartphone usage has hurt their relationship with their [...]
COVID Task Force chief pitches for quickly adaptable vaccine platforms
New Delhi, Dec 14 (PTI) Amid concerns over the Omicron variant of coronavirus, COVID Task Force chief V K Paul on Tuesday said India should have vaccine platforms that are 'adaptable quickly' with changing nature of the variants.Addressing an event organised by industry body CII, Paul said he hopes that COVID-19 in India is possibly [...]
NSE Indices launches Nifty India Digital Index
NSE Indices Limited, a subsidiary of leading stock exchange NSE, on Tuesday launched the Nifty India digital index that will track the performance of companies exposed to the digital theme. “Digitalisation is happening rapidly and is touching every aspect of our lives. The Nifty India Digital index aims to capture the performance of companies exposed to [...]
Aditya Birla Fashion snaps up Reebok marketing rights
Mumbai, Dec 14 (PTI) In a major expansion into sportswear and lifestyle wear segment, the Kumar Mangalam Birla-led Aditya Birla Fashion & Retail has signed a long-term licensing agreement with Authentic Brand Group of New York, which has the marketing and branding rights of Reebok, to run the operations of the global sportswear, athletic and [...]
India needs Multi-pronged Approach to Internationalise Education: Amitabh Kant
Dubai, United Arab Emirates (NewsVoir) Internationalisation of Indian higher education system is the need of the hour and a multi-pronged approach is required for it, said NITI Aayog, CEO, Amitabh Kant today in a session titled, ‘Internationalisation of Indian Higher Education System’ at the India Pavilion in EXPO2020 Dubai. “The National Education Policy (NEP) 2020 [...]
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