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EV stock jumps 6% after signing MoU with Piaggio India for lithium-ion battery
The shares of one of the largest automotive battery manufacturers rose 6% to ₹1,594 per share on monday after the company signed an MoU with Piaggio India to develop and supply Lithium-Ion cells and chargers for its Electric Vehicles. At 10:50 a.m., Amara Raja Energy & Mobility Ltd shares were trading at ₹1,583.50 per share, [...]
Navratna stock jumps 12% after reporting 95% net profit growth in Q1
The shares of the largest shipping company gained up to 12 percent after the company’s net profit and revenue increased by 95 percent and 26 percent YoY, respectively in Q1FY25. With a market capitalization of Rs 13,228.69 crore, the shares of Shipping Corporation of India Ltd were trading at Rs 284.00 per share, increasing around [...]
Water management stocks with net profit growth of up to 250% YoY
Water management companies play a crucial role in the sustainable management of water resources, addressing both supply and treatment aspects. Their services typically encompass the entire water cycle, including the collection, treatment, and distribution of water, as well as the management of wastewater. Here are two water management companies that have reported strong financial results [...]
Solar pump stock with 2,400% returns and 25% market share in Govt KUSUM scheme
The solar pump market in India is experiencing significant growth, driven by government initiatives and increasing demand for sustainable agricultural practices. The Indian government has set ambitious targets under the PM KUSUM scheme, aiming to install millions of solar-powered pumps to enhance irrigation and reduce dependency on conventional power sources. Listed below is one such [...]
Stocks to Focus: SJVN, IRFC and 6 other companies announcing results next week
The Benchmark Indices concluded Friday's trading session positively, with the Sensex rising by 819.69 points, or nearly 1.04 percent, ending the day at 79,705.91. Meanwhile, the Nifty 50 index increased by about 250.5 points, equivalent to a gain of nearly 1.04 percent, and closed in the green at 24,367.5. Here are eight companies that will [...]
3 Pharma stocks with low debt and strong growth guidance
The Indian Pharmaceutical Industry is the third largest in production in terms of volume for pharmaceutical medicines and has been growing at a compounded annual growth rate of 9.43 percent over the past nine years. India caters to over 50 percent of the world's vaccines, 40 percent of the US’s generic drug demand, and 25 [...]
Ethanol stocks with 3 year net profit CAGR of more than 80%
Ethanol is a type of alcohol used in drinks like beer and wine. It’s also added to gasoline to help it burn cleaner and is found in things like hand sanitizers. In summary, ethanol is a liquid used in alcoholic drinks, as a fuel additive to improve gasoline, and in products like hand sanitizers for [...]
Tata group stocks in which FIIs hold up to 27% stake to keep in your radar
TATA Group is one of India's largest conglomerates, comprising 30 companies across ten verticals. The group operates in over 100 countries across six continents. Tata Sons is the principal investment holding company and promoter of Tata Companies. The group imprints are found in a wide range of sectors. As of March 31, 2024, there are [...]
3 Stocks that turned debt free this year to keep on your radar
Achieving a net debt-free status signifies a company has successfully eliminated its debt obligations, typically through proactive debt reduction strategies and improved operational efficiency. This financial milestone enhances cash flow, enabling greater investment in growth opportunities, new technologies, and expansion, ultimately strengthening the company's market position and financial health. Here are the stocks that turned [...]
Stocks to Watch: RailTel Corp. and 4 other stocks trading ex-dividend next week
Dividends are a percentage of a company's profits delivered to shareholders as compensation for their investment. These monthly payments offer investors a consistent income stream and demonstrate a company's financial health and stability. Understanding dividend policies and patterns is critical for investors looking to generate income and build capital over time. Here are the five [...]
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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
Von Wellx Germany launches Diabetic Footwear!
Of the 16 million Americans with diabetes, 25% develop foot problems related to the disease. Diabetes causes nerve damage(diabetic neuropathy), that causes pain and make youlose feeling in your feet. This can cause cuts, wounds, infections without knowing it. Diabetes also lowers the amount of blood flow in your feet thus making it hard for [...]
Bayer-led BLFA ties up with Bihar govt’s livelihood programme JEEViKA
New Delhi, Dec 13 (PTI) The Better Life Farming Alliance (BLFA), led by global life sciences firm Bayer, on Monday said it has tied up with JEEViKA, the Bihar government's livelihood programme for poverty alleviation. Bayer in a statement said the partnership aims to empower the state's small and marginal farmers by scaling up its [...]
Global investors should invest in India; Make in india: Health Minister Mandaviya
Dubai, Dec 13 (PTI) Minister of Health and Family Welfare Mansukh Mandaviya on Monday urged the global investors to invest in India, saying the Make in India initiative and the ease of doing business provide tremendous opportunities to the business houses.Mandavia, who visited the India Pavilion at the EXPO 2020 here, said the current atmosphere [...]
PM to address national agro summit with focus on natural farming
New Delhi, Dec 13 (PTI) Prime Minister Narendra Modi will address virtually farmers at the valedictory function of an agro-event organised by the Gujarat government on December 16 in which contours of natural farming will be presented. The three-day National Summit on Agro and Food Processing with focus on natural farming will kick start from [...]
Morgan Stanley invests USD 22 mn in nutrition player Fullife Healthcare
Mumbai, Dec 13 (PTI) Fullife Healthcare, which is into active nutrition, healthcare and nutraceutical products and backed by investors such as Rakesh Jhunjhunwala, Sixth Sense Ventures, Kotak Securities and Akash Prakash, has raised USD 22 million in series-C funding from Morgan Stanley Private Equity Asia. Fullife owns brands Fast&Up and Chicnutrix, which are the leaders [...]
Finding the right physician is the first step to cure blood diseases
New Delhi (India), December 13: Bone Marrow Transplantation (BMT) from a donor (Allogeneic BMT) is possibly the most challenging procedure in modern medicine, which has evolved over the last 50 years, curing millions of patients suffering from blood diseases. Both malignant (leukemia/lymphoma/myeloma) and non-malignant (thalassemia/sickle cell anemia/aplastic anemia/ primary immunodeficiencies) however, the success of BMT [...]
How Borgfy is Transforming SMB and Startups Within Digital Transformation Using Mobile Apps
New Delhi, Delhi, India – Business Wire India Borgfy is a leading emerging best product development company based in New Delhi. Having helped many startups, SMEs, and large-scale organizations with core app development and product design (UIUX), Borgfy has gained immense popularity in this industry. Borgfy uses the latest Advanced Tech Stack tools to build [...]
COMMODITY PRICES
Mumbai, Dec 13 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 716.00 COPPER HEAVY SCRAPS 710.00 COPPER ARMATURE (CREDIT) 691.00 COPPER UTENSILS SCRAP 631.00 CC ROD 768.00 BRASS :- BRASS SHEET CUTTING 543.00 BRASS UTENSIL SCRAP 483.00 BRASS HONEY 470.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]
OILSEEDS PRICES
Mumbai, Dec 13 (PTI) OILS (per 10 Kgs) G.Nut Raw 1320.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1190.00 Sunflower Exp.Ref. 1270.00 Cottonseed(Refined) 1220.00 Refined Palm Oil 1178.00 Soyabean Ref. 1210.00 Imp.Soyabean Crude - Rapeseed Ref. 1710.00 Rapeseed Exp. 1680.00 Copra white 1700.00 Rice Bran 4-7% FFA - Rice Bran 1170.00 Linseed - Castor [...]
Raymond to raise Rs 100 cr through non-convertible debentures
New Delhi, Dec 13 (PTI) The country's leading fabric and apparel manufacturer Raymond Ltd on Monday said it plans to raise Rs 100 crore from the market by issuing non-convertible debentures (NCDs). The company's board is meeting on December 17 to consider and approve the NCDs, according to a regulatory filing from Raymond. "A meeting [...]
NEWSALERT
Vedanta Group withdraws cases in Delhi High Court, international arbitration to settle Rs 20,495 cr retro tax dispute: Co statement. PTI ANZ ABM ABM
Biz activity grows to new high despite Omicron threat: Nomura
Mumbai, Dec 13 (PTI) Despite fears of the Omicron variant, business activity touched an all-time high since the onset of the pandemic for the week ended December 12, a Japanese brokerage said on Monday. The Nomura India Business Resumption Index (NIBRI), which compares the activity for a particular week as against the one before the [...]
Greenlam to invest Rs 950 cr over 2-3 years; to enter plywood, particleboard business
New Delhi, Dec 13 (PTI) Surfacing solutions brand Greenlam on Monday announced to invest Rs 950 crore in 2-3 years towards setting up of the third laminate plant and made a foray into the plywood and particle board business. The investments in the new laminate plant and particleboard will be done by Greenlam South Ltd, [...]
BPCL ties up with BARC for green hydrogen production
New Delhi, Dec 13 (PTI) Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) on Monday said it has tied up with Bhabha Atomic Research Centre (BARC) for an electrolyser technology for green hydrogen as it looks to achieve net-zero emissions by 2040. BPCL's Chairman A K Singh said the oil refining and fuel marketing company plans to [...]
PRICES MUM BULLION CLOSING
Mumbai, Dec 13 (PTI) SILVER SPOT (IN RS PER kg): 60931.00 STANDARD GOLD (99.5) : 47997.00 PURE GOLD (99.9) : 48190.00 --------------------- PTI MUM SVC SHW SHW
iQOO India appoints Nipun Marya as CEO
New Delhi, Dec 13 (PTI) Handset maker iQOO on Monday said it has appointed Nipun Marya as the Chief Executive Officer of its India operations. For the last five years, Nipun has served as Brand Strategy Director for Vivo India and he will now take up the new role to head iQOO India as the [...]
Rupee unchanged at 75.78 against US dollar
Mumbai, Dec 13 (PTI) The Indian rupee gave up its early gains to settle unchanged at 75.78 against the US dollar on Monday as sell-offs in domestic equities and firming crude oil prices weighed on forex market sentiment. At the interbank foreign exchange market, the local currency opened on a strong note at 75.64 and [...]
Indian auto customers becoming safety-conscious, willing to pay more for safer cars: Survey
New Delhi, Dec 13 (PTI) Indian automobile customers are becoming safety-conscious and are willing to stretch their budget to buy safer cars, according to a survey by Mobility Outlook. Nearly one-third of respondents said they will be willing to spend over Rs 30,000 on upgraded security features, as per the survey, which took responses from [...]
LyondellBasell Appoints Peter Vanacker as Chief Executive Officer
Kenneth Lane, Executive Vice President, Global Olefins & Polyolefins, Will Serve as Interim CEO During Transition Period HOUSTON and LONDON, Dec. 13, 2021 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced that the Board of Directors has appointed Peter Vanacker, President and CEO of Neste Corporation, as its new Chief Executive Officer. Mr. Vanacker succeeds Bhavesh [...]
Philips Completes 1000 Active Interventional Suite Installations in India to Address the Growing Burden of Cardiovascular Diseases
New Delhi, India – Business Wire India Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the completion of 1000 active Cath lab (interventional suite) installations in India. Over the last quarter, the company has installed its state-of-the-art Azurioncath labs at major sites across the country including Fortis, Apollo, Aster, [...]
Flipkart, Walmart invest $145mn in Ninjacart
New Delhi, Dec 13 (PTI) Flipkart India and Walmart on Monday said they have invested USD 145 million in fresh produce supply chain company Ninjacart. In October last year, Walmart and Flipkart Group had pumped in an undisclosed amount of funding in the Bengaluru-based company. This investment will further accelerate Ninjacart's journey towards building technology [...]
Cargolux selects IBS Software’s iCargo solution as next generation Cargo Management System
Thiruvananthapuram, Dec 13 (PTI) IBS Software, a leading India-born software product company, has signed a strategic long-term deal with Cargolux, Europe's No 1 all-cargo airline, for the replacement of its cargo management system. Cargolux will deploy IBS Software's iCargo SaaS solution to transform and manage its global air cargo business, a release issued by the [...]
JK Paper issued NCDs worth Rs 125 crore
New Delhi, Dec 13 (PTI) JK Paper Ltd on Monday said it has issued 12,500 non-convertible debentures (NCDs) to raise Rs 125 crore from the market on a private placement basis. This is in accordance with the company's plan to raise Rs 260 crore from the market through NCDs, as informed by it earlier on [...]
Sensex tumbles 503 pts amid mixed global cues; RIL, HDFC twins top drags
Mumbai, Dec 13 (PTI) Equity benchmarks reversed early gains to close deep in the red on Monday, pressured by hectic selling in market heavyweights Reliance Industries and HDFC twins amid a mixed trend overseas. Investors adopted a cautious approach ahead of inflation data and a slew of central bank meetings this week, experts said. Sliding [...]
Emcure Pharmaceuticals gets Sebi’s go-ahead to float IPO
New Delhi, Dec 13 (PTI) Bain Capital-backed Emcure Pharmaceuticals has received capital markets regulator Sebi's go-ahead to raise funds through an initial share-sale. The initial public offering (IPO) comprises fresh issuance of equity shares worth Rs 1,100 crore and offer of sale (OFS) of 18,168,356 equity shares by promoters and existing shareholders, according to the [...]
Tega Industries shares zoom over 60 pc in debut trade
New Delhi, Dec 13 (PTI) Shares of Tega Industries Ltd, manufacturer of consumables for the mining industry, on Monday listed with a huge premium and settled over 60 per cent higher against its issue price of Rs 453.It debuted at Rs 753, reflecting a premium of 66.22 per cent from the issue price on BSE. [...]
PRICES MUM BULLION OPEN
Mumbai, Dec 13 (PTI) SILVER SPOT (IN RS PER kg): 60941.00 STANDARD GOLD (99.5) : 47916.00 PURE GOLD (99.9) : 48109.00 -------------------- PTI MUM SVC SHW SHW
Institute of Risk Management Declares Results for November 2021 Level-1 Examination in India
• Gagandeep Bhatia and Kavan Shah, from Yes Bank, secured All-India rank with 78.2% while Pranita Barkul, student from Thakur Institute of Management Studies & Research, secured 74.3% MUMBAI, India, Dec. 13, 2021 /PRNewswire/ -- Institute of Risk Management (IRM), the world's leading professional body for Enterprise Risk Management (ERM) qualifications, has announced the results [...]
Dosti Realty Launches Passcode – Infinia at Dosti Eastern Bay in Wadala
#Claim your Elite Mumbai, Maharashtra, India – Business Wire India Dosti Realty has established its presence in Wadala over the years with the large-scale development of Dosti Acres. Now Dosti Realty has yet again proved its tenacity through its latest launch Passcode Infinia in Wadala in the heart of the Dosti precinct. It stands with [...]
No proposal to transfer ONGC’s assets to OIL
New Delhi, Dec 13 (PTI) There is no proposal at present to transfer India's biggest oil and gas producer ONGC's assets to smaller state-owned firm Oil India Ltd (OIL), Parliament was informed on Monday. Assam Chief Minister Himanta Biswa Sarma had earlier this year written to Prime Minister Narendra Modi requesting him to consider transferring [...]
Nupur Recyclers IPO subscribed fully on Day 1
New Delhi, Dec 13 (PTI) The initial public offering (IPO) of Nupur Recyclers was fully subscribed on the first day of the issue on Monday. The public issue reported strong demand from non-institutional investors as well as retail individual investors (RIIs), who oversubscribed the shares, the company said in a statement. Nupur Recyclers is looking [...]
Sebi’s proposal can restrict growth of algo trading in India: Brokers
SEBI, in its consultation paper last week, proposed a framework for algo trading done by retail investors including use of Application Programming Interface (API) access and automation of trades. Algo-Trading is a system of trading in which the need for human intervention is minimized, and decision making with respect to transactions is done by using [...]
Waaree Renewable Tech bags a LOA for 140MW DC Solar Power Project in Gujarat
MUMBAI, India, Dec. 13, 2021 /PRNewswire/ -- Waaree Renewable Tech, one of the leading players in the solar industry announced that the Company has received a letter of award (LOA) for setting up a 140 MW DC Solar Power Plant in the state of Gujarat. This is a Turnkey Contract awarded by an India-focused renewable [...]
Nandan Terry files Rs 255-cr IPO papers with Sebi
New Delhi, Dec 13 (PTI) Nandan Terry, part of the Chiripal group, has filed preliminary documents with markets regulator Sebi to raise Rs 255 crore through an initial public offering (IPO). The proceeds of the public issue will be used for payment of debt, for funding working capital requirements and general corporate proposes, according to the [...]
Get Cashback of Rs. 5,000 on the Samsung Galaxy Z Fold3 on No Cost EMI
Visit the EMI Store today and gift your loved one the Samsung Galaxy Z Fold3 using the EMI Network Card. Also, get Rs. 5,000 cashback on your purchase Pune, Maharashtra, India (NewsVoir) The latest Samsung Galaxy Fold3 (12+256GB) comes loaded with a 10+4 MP front camera and a foldable dynamic AMOLED 2X display. To get [...]
Ultraviolette Raises Series C Investment from TVS Motor Company and Zoho Corporation
Investment to be deployed for production and commercial launch of the F77 Bengaluru, Karnataka, India (NewsVoir) Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility, today announced that it has raised a new round of capital in its Series C funding, led by TVS Motor Company. Zoho Corporation has joined this round along with TVS [...]
JuicyScore Shares 4 Tips to Protect your Online Business from Fraud, This Holiday Shopping Season
New Delhi, Delhi, India (NewsVoir) JuicyScore, a global leader in anti-fraud and risk management solutions, today unveiled tips for online businesses to protect themselves from digital frauds this holiday season. With the onset of the festivities and holidays, a spike in E-commerce shopping, digital transactions, and adoption of unsecured financial credit products (such as Buy [...]
Shriram group announces merger of 3 companies
Mumbai, Dec 13 (PTI) Three Shriram group companies on Monday announced their merger to create the country's largest retail finance NBFC in Shriram Finance Ltd, according to a release. The boards of three companies, Shriram Transport Finance (STFC), Shriram City Union Finance ( SCUF) and their promoter Shriram Capital ( SCL) have approved the merger [...]
Crude oil futures surge on spot demand
New Delhi, Dec 13 (PTI) Crude oil prices on Monday rose by Rs 58 to Rs 5,466 per barrel as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for December delivery traded higher by Rs 58, or 1.07 per cent, to Rs 5,466 per barrel in 3,784 [...]
Edelweiss buys back 5.3 pc from wealth management partner PAG for Rs 230 cr
Mumbai, Dec 13 (PTI) Edelweiss Wealth Management, among the top-three private wealth managers with Rs 1.81 lakh crore of assets under management, has bought back 5.28 per cent of its shares from the partner PAG by paying Rs 230 crore, thus increasing the stake to 44.16 per cent. Edelweiss Group Chairman and CEO Rashesh Shah [...]
Search for overseas job opportunities continues to remain steady from India: Report
Mumbai, Dec 13 (PTI) Undeterred by travel restrictions being put in place in anticipation of a third-wave of Covid-19 pandemic, there has been a steady growth in overseas job searches by Indians with the US, Canada, the Middle East and the UK topping the list, according to a report. The search activity from India for [...]
ABRY scheme: Maharashtra tops chart with maximum number of beneficiaries
New Delhi, Dec 13 (PTI) Maharashtra has topped the list of states with maximum number of beneficiaries under the Atmanirbhar Bharat Rojgar Yojana (ABRY), followed by Tamil Nadu and Gujarat, Parliament was informed on Monday. As on December 4, 2021, as many as 6,49,560 beneficiaries were recorded in Maharashtra, followed by Tamil Nadu (5,35,615), Gujarat [...]
NODWIN Gaming picks up 10 pc stake in Rusk Media
New Delhi, Dec 13 (PTI) Nazara Technologies on Monday said its subsidiary NODWIN Gaming has acquired a strategic 10 per cent stake in digital content IP media network, Rusk Media. No financial details of the transaction were disclosed. Continuing its 'youth first' philosophy, NODWIN Gaming aims to deepen and widen its portfolio of content IPs [...]
Sterlite Power to expand transmission projects in Brazil for Rs 250 cr
New Delhi, Dec 13 (PTI) Sterlite Power Transmission Ltd's Brazilian arm Sterlite Power Brasil plans to expand projects in two regions of Brazil with a capital expenditure of Rs 250 crore, a statement said on Monday. Sterlite Brazil Participações S.A. (Sterlite Power Brasil), a subsidiary of Sterlite Power Transmission, is preparing to to expand transmission [...]
Equitas SFB, Cholamandalam MS for women-centric health insurance policy
New Delhi, Dec 13 (PTI) Equitas Small Finance Bank (SFB) on Monday said it has tied up with Cholamandalam MS General Insurance to launch a women-centric health insurance policy Chola Sarva Shakti. The product has been launched to empower Indian women with good health and finances, Equitas SFB said in a release. Women are more [...]
O.P. Jindal Global University hosted STAR 2021 Global Conference & Chomsky awards
Sonipat, 13 December, 2021: The International Institute for Higher Education Research and Capacity Building (IIHEd), O.P. Jindal Global University hosted virtually the annual 3-day Global Conference of the Society Of Transnational Academic Researchers (STAR) Network in collaboration with the Association of the Indian Universities. This year’s conference theme, Higher Education for the Greater Good: Leadership [...]
toothsi Announces its Association with Ranveer Singh Starrer 83
MUMBAI, India, Dec. 13, 2021 /PRNewswire/ -- toothsi, India's leading dental tech startup is prepping up to gift their users a #ChampionWaliSmile as it teams up with Superstar Ranveer Singh starrer film 83 directed by Kabir Khan. toothsi partnered with India's much-awaited sports drama to release an exclusive trailer and static content featuring the lead [...]
Innodisk Releases the World’s First 10GbE LAN Module in M.2 Form Factor
TAIPEI, Dec. 13, 2021 /PRNewswire/ -- Innodisk has announced its all-new EGPL-T101 M.2 2280 10GbE LAN module, the first 10GbE LAN designed in M.2 form factor, features flexible integration and excellent compatibility with existing network infrastructure for crucial backward compatibility. Looking into the booming markets and scenarios ranging from surveillance to gaming, networking, and industrial [...]
As many as 41,177 posts vacant at public sector banks: Govt
New Delhi, Dec 13 (PTI) As many as 41,177 positions or 5 per cent of the total sanctioned posts at public sector banks were vacant as on December 1, Union Finance Minister Nirmala Sitharaman said on Monday. There are more than 8,05,986 sanctioned positions at Public Sector Banks (PSBs). Among the banks, State Bank of [...]
Kerala Angel Network invests in two south Indian startups
Kochi, Dec 13 (PTI) Two south Indian start-ups, Kerala-based talent-hiring venture, Zappyhire and Chennai-based digital home-cooking firm Cookd, have received investment from the Kerala Angel Network (KAN), an initiative of TiE Kerala. Further to the investment, TiE Kerala has also nominated Zappyhire to present as a 'TiEtan' at the TiE Global Summit (TGS) in Dubai [...]
Rising demand lifts refined soya oil futures
New Delhi, Dec 13 (PTI) Refined soya oil prices on Monday rose by Rs 1.3 to Rs 1,198.5 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for December delivery moved up by Rs 1.3, or 0.11 per cent, to Rs 1,198.5 per [...]
BLS International inks contract with Embassy of India in Kuwait
Mumbai, Dec 13 (PTI) BLS International on Monday said it has signed a contract with the Embassy of India in Kuwait for consular, passport and visa services. The company will begin operations with three centres in Sharq, Fahaheel and Jleb Al Shuwaikh in Kuwait, BLS International said in a statement. BLS International will be providing [...]
Guar seed futures rise on fresh bets
New Delhi, Dec 13 (PTI) Guar seed prices on Monday rose by Rs 75 to Rs 5,869 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 75, or 1.29 per [...]
Guar gum futures gain on spot demand
New Delhi, Dec 13 (PTI) Guar gum prices on Monday gained Rs 165 to Rs 10,397 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 December delivery traded higher 1.61 per cent, or Rs 165, to Rs 10,397 per [...]
TVS Motors makes moves in 2 wheeler EVs through investment in Ultraviolette Automotive
TVS Motor Company which has been an early backer of Ultraviolette, has made fresh investment in the company, along with Zoho Corporation. The investment was part of its latest round of Series C funding in order to support Ultraviolette’s vision of developing high performance mobility solutions for Indian and global markets. “EVs are a huge [...]
Sakra World Hospital Launches World Class ‘Robotic-Assisted Neuro-Rehabilitation Center’ In Bangalore
BENGALURU, India, Dec. 13, 2021 /PRNewswire/ -- Sakra World Hospital (JV of Secom and Toyota Tsusho, Japan), a leading healthcare organization, launched a world class Robotic-Assisted Neuro-Rehabilitation Center in Bangalore, the first ever in Karnataka, today. The new state-of-the-art center was inaugurated in the presence of Shri. Dr. C N Ashwath Narayan, Minister of Science [...]
Banks lost Rs 2.85 lakh Cr due to loan default of 13 firms; UFBU calls for bank strike on Dec 16, 17
Hyderabad, Dec 13 (PTI): Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In press release, UFBU's Convener B Rambabu [...]
Dyninno Travel says air ticket sales bouncing back to pre-pandemic levels
GURUGRAM, India, Dec. 13, 2021 /PRNewswire/ -- Dyninno Travel, operating the ASAP Tickets and International Travel Network (ITN) brands, said today that airline ticket sales from the United States to India are bouncing back to pre-pandemic levels. The company's research shows that the number of tickets sold to the passengers bound to India grew 30.8% [...]
Gravita India starts new battery recycling unit in Guj; plans to invest Rs 62 cr
New Delhi, Dec 13 (PTI) Recycling firm Gravita India on Monday said it has operationalised its new battery recycling unit near Mundra Port in Gujarat and plans to invest a total of Rs 62 crore to enhance its overall capacity to 48,000 MTPA. In Phase-I, the plant has a capacity of 19,500 MTPA and the [...]
Korikart Created a Milestone with its Profitability Rate Reaching 600 percent in 2021
New Delhi, Delhi, India (NewsVoir) Korikart, India’s leading one-stop-shop that offers a wide range of Korean products, witnessed a surge of 600% in the sales since the brand's inception. Strengthening the tides of K-wave in the country, the brand inspired a higher consumer engagement leading to high profitability. Owing to the fact of how people [...]
Zydus gets nod to conduct Phase II clinical study in patients with CAPS in Australia
New Delhi, Dec 13 (PTI) Drug firm Zydus Cadila on Monday said it has received approval to commence Phase II clinical study of its upcoming product with patients suffering with Cryopyrin-Associated Periodic Syndrome (CAPS) in Australia. The company has received permission to initiate the Phase II clinical study of its NLRP3 inhibitor 'ZYIL1' in patients [...]
Grofers rebrands itself as Blinkit
New Delhi, Dec 13 (PTI) Online grocery delivery platform Grofers on Monday said it is rebranding itself as 'Blinkit' to reflect its pivot to quick commerce. The Zomato and SoftBank-backed company had started its quick commerce service with a 10-minute delivery promise a few months ago. "A few months ago, we started on a journey [...]
Tega Industries shares list with nearly 68 pc premium
New Delhi, Dec 13 (PTI) Shares of Tega Industries Ltd, manufacturer of consumables for the mining industry, on Monday listed with a premium of nearly 68 per cent against its issue price of Rs 453. It debuted at Rs 753, reflecting a premium of 66.22 per cent from the issue price on BSE. It further [...]
Landbell Group and GreenForest Solutions Announce a Joint Venture in India
The new company Landbell GreenForest Solutions (GFS) offers: • Best-in-class extended producer responsibility (EPR) services for packaging waste • Recyclability services to brands with a final goal to help them move to fully recyclable packaging • Advisory services to city and state governments for better plastic waste management and EPR compliance within their jurisdiction MUMBAI, [...]
IBSAT2021 coming to a closure soon
HYDERABAD, India, Dec. 11, 2021 /PRNewswire/ -- IBSAT; the competitive exam aspirants need to take for qualifying to enter ICFAI Business School (IBS) for the 2-year full-time MBA/PGPM program/Ph.D. program is one of the most appeared for competitive exams right now in India alongside the other top management school exams and the dates of application [...]
New Nutraceutical Brand ÄKTA Launches in India
Product Line Promotes Sleep & Relaxation, Immunity and Energy & Strength HYDERABAD, India, Dec. 13, 2021 /PRNewswire/ -- ÄKTA Nutrition, founded by Deepthi Yarlagadda, licensed registered dietician nutritionist, and advisors Gopal Kolli and Kiran Yarlagadda in partnership with Sundyota Numandis Group, announced that they have developed a nutraceutical product line utilizing quality ingredients. Sourced from [...]
UP Invites Investments in Defence Corridor at EXPO2020
India’s largest state plans to promote export-oriented manufacturing ecosystem for the defence sector Dubai, United Arab Emirates (NewsVoir) The largest state of India, Uttar Pradesh is developing defence corridor to create a manufacturing ecosystem that will not only support the domestic defence enterprises but will also develop products for exports. The defence corridor policy is [...]
Supriya Lifescience IPO to open on Dec 16; sets price band at Rs 265-274/share
New Delhi, Dec 13 (PTI) Supriya Lifescience Ltd has fixed a price band of Rs 265-274 apiece for its Rs 700-crore initial share-sale, which will open for public subscription on December 16. The three-day initial public offering (IPO) will conclude on December 20. The bidding for anchor investors will open on December 15, according to [...]
Gwadar protests: Pak PM Khan promises ‘strong action’ against illegal fishing trawlers
Karachi, Dec 12 (PTI) Pakistan Prime Minister Imran Khan said on Sunday that he will take "strong action" against illegal fishing by large trawlers off the Gwadar coast, after weeks-long sit-in and protest by local residents rattled his government and forced authorities to deploy thousands of additional police personnel in the region where China is [...]
Less govt interference will make startup ecosystem grow, crutches help only in short run: Goyal
The less the government interferes in the startup ecosystem, the more potential the latter will have to become successful, Union minister Piyush Goyal said here on Sunday. India may have a billion problems, but it also possesses billions of brilliant entrepreneurs to solve the issues through extremely cost-effective solutions, he added. The Minister of Commerce [...]
PM Modi to virtually address event on agro food processing ahead of Vibrant Gujarat summit on Dec 16
Ahmedabad, Dec 12 (PTI) Prime Minister Narendra Modi will virtually address an agro and food processing summit in Gujarat on its concluding day on December 16. This summit will be organised on the campus of the Anand Agricultural University from December 14 to 16 as part of the events in the run-up to the Vibrant [...]
Kotak Mahindra Bank appoints Ashu Suyash as director
New Delhi, Dec 12 (PTI) Kotak Mahindra Bank has appointed Ashu Suyash as independent director of bank for a period of 5 years. The appointment is effective from January 24, 2022, up to January 23, 2027, the private sector lender said in a statement. Suyash was managing director of rating agency CRISIL, it said. The [...]
Less govt interference will make startup ecosystem grow, crutches help only in short run: Goyal
Pune, Dec 12 (PTI) The less the government interferes in the startup ecosystem, the more potential it will have to become successful, Union minister Piyush Goyal said here on Sunday. But the government can play the role of a facilitator, he added. The Minister of Commerce and Industry was addressing a gathering during a visit [...]
Gati Ltd looks to become Rs 3,000-cr company in 3 years
Mumbai, Dec 12 (PTI) Allcargo group firm Gati Ltd is looking to become a Rs 3,000-crore company in three years, driven by key accounts, micro, small and medium enterprises (MSMEs) and business-to-business (B2B) retail. It has identified three areas, including talent acquisition and building infrastructure, to achieve the target, its Chief Executive Officer Pirojshaw Sarkari [...]
New India believes in solving problems, not avoiding them: PM
New Delhi, Dec 12 (PTI) Taking a swipe at previous regimes, Prime Minister Narendra Modi said on Sunday that his government believes in solving problems and not avoiding them. He said this while speaking at a function on the theme "Depositors First: Guaranteed Time-bound Deposit Insurance Payment up to Rs 5 Lakh" here. Observing that [...]
Deposit insurance reforms to instil confidence in people on banking system: PM
New Delhi, Dec 12 (PTI) Prime Minister Narendra Modi on Sunday said deposit insurance reforms undertaken by the government will instil confidence in account holders on the banking system. Parliament in August passed the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021, ensuring that account holders get up to Rs 5 lakh within 90 [...]
Pumpkart, Figgital to open over 1,200 modern retail stores in UP
Chandigarh, Dec 12 (PTI) Online marketplaces Pumpkart.com and Figgital will open over 1,200 modern retail stores in Uttar Pradesh, according to a statement. Pumpkart and Figgital also establish 75 experience centres in all districts of the state. Both brands "are going to establish themselves in rural areas by bringing rural e-commerce on their platform", K [...]
Depositors should be careful while chasing high returns, says RBI Governor Das
New Delhi, Dec 12 (PTI) Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with greater risk. Observing that depositors themselves also need to be very discerning, he said it is important to keep in mind that higher returns or higher interest [...]
Bank of Maharashtra lowers home loan rate to 6.40 pc
New Delhi, Dec 12 (PTI) State-owned Bank of Maharashtra (BoM) on Sunday announced a cut in interest rate on home loans to an all-time low of 6.40 per cent, from the existing 6.80 per cent under the 'Retail Bonanza-Festive Dhamaka' offer. Besides, the bank has also lowered interest rate on car loans to 6.80 per [...]
Broadband may see tariff revision in near future: Meghbela Broadband co-founder
Kolkata, Dec 12 (PTI) The days of ultra-low telecom tariff are now over and the next in line is broadband as current rates are bleeding, an internet service provider said on Sunday. All the leading telecom majors have raised tariffs by 20 per cent from their respective levels stating the necessity to sustain the business. [...]
Urban Company valuation rises 33 pc within 6 months to USD 2.8 bn in 4th ESOP sale
New Delhi, Dec 12 (PTI) Home services marketplace Urban Company has recorded a 33 per cent jump in firm valuation to USD 2.8 billion in the employee stock sale programme concluded recently, the company said on Sunday. The company raised Series-F funding of USD 255 million in June, led by Prosus Ventures, Dragoneer and Wellington [...]
Franklin Templeton MF unitholders to get Rs 985 cr in eighth tranche
New Delhi, Dec 12 (PTI) SBI Funds Management (SBI MF) will distribute from Monday the eighth tranche of Rs 985 crore to unitholders of Franklin Templeton Mutual Fund's six shuttered schemes. After the payout, the total disbursement will reach to Rs 26,098.2 crore, amounting to 103.5 per cent of assets under management (AUM) as on [...]
Depositors should be careful while chasing high returns, says RBI Governor Das
New Delhi, Dec 12 (PTI) Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with greater risk. Observing that depositors themselves also need to be very discerning, he said it is important to keep in mind that higher returns or higher interest [...]
Volkswagen expects to double pre-owned car sales to 20,000 units this year
Mumbai, Dec 12 (PTI) German premier carmaker Volkswagen is expected to double its pre-owned car sales this year to 20,000 units, amid a shift in customer preference towards the used vehicles, according to a top company executive. Volkswagen entered the used car market in 2012 with the launch of its first Das Welt auto showroom. [...]
Fino Payments Bank eyes 30-35 pc revenue growth over long term: MD Rishi Gupta
New Delhi, Dec 12 (PTI) The recently listed Fino Payments Bank has witnessed good growth across key parameters during the first half of the current fiscal year and is expecting to grow at about 30-35 per cent in terms of revenue on a long-term basis, its managing director and CEO Rishi Gupta said. Fino Payments [...]
NHB seeking agency for data collection on unsold residential units across 50 cities
New Delhi, Dec 12 (PTI) The National Housing Bank (NHB) is scouting for an agency to collect data of unsold properties -- both underconstruction and ready-to-move-in ones -- across 50 cities from builders and developers for the computation of its key price index. NHB RESIDEX, India's first official housing price index (HPI), was launched in [...]
Samco MF aims to mop up Rs 5000 crore from debut Flexi-fund NFO
Kolkata, Dec 12 (PTI) Samco Mutual Fund, the new kid in the Rs 37 lakh crore MF industry, plan to debut with flexi-cap fund on January 17, internally targeting to mop up Rs 5000 crore given the positive vibes it was receiving from investors and distributors, a top company official said. The fund will use [...]
Deposit insurance reforms to instil confidence in people on banking sector: PM
New Delhi, Dec 12 (PTI) Prime Minister Narendra Modi on Sunday said deposit insurance reforms undertaken by the government will instil confidence in account holders on the banking system. Parliament in August passed the Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021, ensuring that account holders get up to Rs 5 lakh within 90 [...]
NEWSALERT
Smaller banks merged with larger public sector banks to strengthen their capacity, capability, transparency: Modi on banking sector reforms. PTI DP ANZ DRR DRR
NEWSALERT
If banks are to be saved, depositors have to be provided security; we have saved banks, provided security to depositors: Modi. PTI DP ANZ DRR DRR
NEWSALERT
Guaranteed time-bound deposit insurance payment within 90-days covers Rs 76 lakh cr of deposit in banks: PM Modi. PTI DP ANZ DRR DRR
NEWSALERT
Govt has increased the amount that depositors can get from banks under stress to Rs 5 lakh from Rs 1 lakh, covering 98 pc a/c holders: Modi. PTI DP ANZ DRR DRR
NEWSALERT
Govt changed law to provide for depositors to get back their money in a time-bound manner in case banks go down under: PM Modi. PTI DP ANZ DRR DRR
NEWSALERT
Depositors being paid back their deposits in case of collapse of banks, says Prime Minister Narendra Modi. PTI DP ANZ DRR DRR
Depositors should be careful while chasing high returns: Governor Das
New Delhi, Dec 12 (PTI) Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors to be careful while chasing high returns as it comes with higher risk. Das said high returns come with higher risk, so depositors should be discerning enough while chasing returns. Speaking at the 'Depositors First: Guaranteed Time-bound Deposit [...]
NEWSALERT
RBI remains committed to ensure that the banking system remains robust and resilient: Governor Das. PTI DP ANZ DRR DRR
Surge in hiring expected as mobile tech, 5G fuel demand for skilled professionals: TeamLease
New Delhi, Dec 12 (PTI) The boom in mobile technology industry, gaming, fintech and ed-tech is pushing demand for skilled professionals to new highs, and the advent of 5G is expected to accelerate hirings in coming months, according to a senior official at TeamLease. Mobile application technology has thrown up 6,000-plus specialised job opportunities, as [...]
Godrej & Boyce to create efficient warehouses by digitally enabling operations
New Delhi, Dec 12 (PTI) Godrej & Boyce, which has many plans lined up in the logistics or intralogistics space, aspires to be at the top position with regard to creating efficient warehouses by digitally enabling its operation, a top official of the company said. The move will increase the efficiency, reduce the cost of [...]
Need for steps like ease of capital, property tax relief to promote rental housing projects: CBRE
New Delhi, Dec 12 (PTI) The government needs to take measures for improving financial viability of rental housing projects such as exemption of property tax for pre-defined period and ease of capital for development, according to property consultant CBRE. In its report 'The Advent of Rental Housing in India', the consultant said that more than [...]
MG Motor India exploring export opportunities in UK, South Africa
New Delhi, Dec 12 (PTI) MG Motor India is exploring export opportunities in the UK and South Africa besides drawing up plans to tap right-hand-drive countries in the global automotive market as it prepares for the long term to enhance overseas shipments from India, according to a top company official. The company, which has started [...]
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