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Cigarette stock jumps 7% after its sales volume increases by 26% in Q1
Shares of a leading FMCG firm climbed nearly 7% on Friday, reaching an intraday high of ₹4,424 per share after cigarette volumes grew by 26.2% in Q1 FY25. At 12:50 p.m., Godfrey Phillips India Ltd shares were trading at ₹4,412.40 per share, up 6.87 percent from the previous close price on the exchange. The company [...]
Miniratna defence stock jumps 8% after reporting 40% YoY increase in net profits
Miniratna Defence stock engaged in shipbuilding, ship servicing/repair, marine engineering, and many more jumped 8 percent in the day’s trade upon posting its Q1FY25 results with a 40 percent jump in Net Profits. Price Action With a market capitalization of Rs. 63,180 Crores, the shares of Cochin Shipyard Limited were trading at Rs. 2,390 per [...]
Chemical stock hits 20% upper circuit after its net profit increases by 514% in Q1
The shares of the agrochemical company hit 20 percent at Rs 12,809 apiece after the company's net profit and revenue increased by 514 percent and 9 percent YoY, respectively in Q1FY25. With a Market capitalization of Rs 5,322 crore, the shares of Bharat Rasayan Ltd were trading at Rs 12,809 per share, increasing around 19.94 [...]
Chemical stock jumps 16% after reporting 307% YoY increase in net profit
The shares of India's largest zinc oxide manufacturer rose 16% reaching a 52-week high price of ₹344.70 per share on Friday, following the company’s announcement of a 307% increase in net profit for the June quarter. At 12:15 p.m., J.G.Chemicals Ltd shares were trading at ₹327.85 per share, up 10.37 percent from the previous close [...]
Pharma stock jumps after company’s net profit increases by 478% YoY
The shares of this pharma company rose nearly 2 percent after reporting a remarkable increase of 478 percent in net profits year-on-year. Share Price Variation In Friday’s trading session, the share price of Biocon Ltd reached an intra-day high of Rs.344 per share from its previous close of Rs.339.2 apiece, gaining around 2 percent in [...]
Semiconductor stock in focus after it announces 1:4 bonus issue
Semiconductor stock engaged in offering product engineering, application software, electronic design, testing, and enterprise business services in focus upon declaring its Q1FY25 results and declaring a bonus issue of 1:4. Price Action With a market capitalization of Rs. 1,057 Crores, the shares of Mindteck (India) Limited were trading at Rs. 415.90 per equity share, down [...]
Navratna stock jumps 12% after it received order worth ₹ 15,000 Cr to develop satellite township
The Navratna stock surged nearly 12% during the first half of Friday's trading session, hitting an intraday high of ₹188.50 per share after the company secured a ₹15,000 crore order from the Srinagar Development Authority. At 11:10 a.m., NBCC (India) Ltd. shares were trading at ₹187.25 per share, up 10.86% from the previous close price. [...]
Green energy stock jumps 10% after it declares 1:4 bonus issue
In Friday's trading session, the shares of a leading pioneer in Solar Photovoltaic (PV) Module manufacturing in India surged by 10 percent to hit a new 52-week high at Rs. 1,919.1, after the Board of the company approved the issue of bonus shares in 1:4 ratio. At 10:23 a.m., the shares of Solex Energy Limited [...]
Stocks in which promoters decreased stake by 73% in Q1
There can be several reasons behind promoters decreasing their holding in the companies including capitalising on high valuations, raising funds for other purposes, meeting regulatory requirements, strategic realignment, debt reduction and many more. Overall, the impact of promoter stake sales depends on the specific circumstances, reasons for selling, and how the proceeds are utilised. It's [...]
3 Stocks in which FIIs increased stake in Q1; Do you own any?
Foreign Institutional Investors (FIIs) are entities that invest in financial markets outside their home country. This category includes mutual funds, pension funds, hedge funds, insurance companies, and endowments or foundations. FIIs invest in a range of assets such as stocks, bonds, and real estate, aiming to diversify their portfolios and enhance returns. Their involvement provides [...]
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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
UNGA grants Observer Status to International Solar Alliance
United Nations, Dec 10 (PTI) The UN General Assembly has conferred Observer Status to the International Solar Alliance (ISA), a historic decision which India said would help provide for a well-defined cooperation between the Alliance and the United Nations that would benefit global energy growth and development.The ISA was conceived as a joint effort by [...]
Aditi Rao Hydari Introduces a Selection of Nebula’s Exquisite Timepieces for Weddings
Weddings made special with Nebula Mumbai, Maharashtra, India (NewsVoir) Aditi Rao Hydari was the guest of honour at the launch of an exquisite selection of wedding watches by Nebula from Titan. The curated range of 18KT gold timepieces for men and women was modelled with grace and élan by the gracious star. She was joined [...]
SynchroKnot – Virtual System on Chip (vSoC); A Paradigm Shift in Cloud Computing
Decentralized Cloud Computing, Edge Computing, Data Center and IoT Bengaluru, Karnataka, India (NewsVoir) SynchroKnot introduces the World's Only and Industry's First software product - Virtual System on Chip (vSoC), an all-inclusive software product for the decentralization of cloud computing, edge computing, data center and IoT. Its decentralizing capability makes it a complete alternative for VMware, [...]
BI WORLDWIDE India Ushers into a New Phase of Accelerated Growth with Leadership Expansion
Building on the successful 10 years run in India, the organisation has doubled down its commitment by expanding its leadership into the roles of CEO (Sukesh Jain) and Managing Director (Siddharth Reddy) New Delhi, Delhi, India – Business Wire India BI WORLDWIDE, a global leader and India’s foremost in engagement and loyalty solutions, has recently [...]
ISRO, Oppo collaborate to strengthen R&D of NavIC messaging service
New Delhi, Dec 10 (PTI) The Indian Space Research Organisation has signed an agreement with Chinese smart devices maker Oppo's Indian arm to strengthen the research and development of the NavIC messaging service. The NavIC system provides regional navigation services covering the Indian mainland and an area up to 1,500 km beyond the Indian mainland. [...]
Rising demand lifts refined soya oil futures
New Delhi, Dec 10 (PTI) Refined soya oil prices on Friday rose by Rs 3.9 to Rs 1,200.5 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 3.9, or 0.33 per cent, to Rs 1,200.5 per [...]
Guar Seed futures decline on low demand
New Delhi, Dec 10 (PTI) Guar seed prices on Friday went down by Rs 58 to Rs 5,783 per 10 quintal in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery was trading at Rs 5,783 down by Rs 58, or 0.99 per cent per 10 quintal with an [...]
Guar gum futures fall on low demand
New Delhi, Dec 10 (PTI) Guar gum prices on Friday fell Rs 214 to Rs 10,159 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for December delivery fell by Rs 214, or 2.06 per cent, [...]
HarperCollins is proud to announce the launch of a new imprint HARPER DESIGN
NEW DELHI, Dec. 10, 2021 /PRNewswire/ -- HarperCollins today announced the launch of a new imprint, HARPER DESIGN, which will focus on all areas of Design, the Arts, Architecture, Lifestyle and Popular Culture. At HARPER DESIGN, we believe that design should be an inclusive playground of ideas, stories, and creative expression. Designers are storytellers who [...]
CCI to set up regional offices in country’s eastern, western regions
New Delhi, Dec 10 (PTI) Competition Commission of India will be setting up regional offices in eastern and western regions as the watchdog continues with efforts to strengthen advocacy activities as well as provide easier accessibility to stakeholders. In 2020-21, the regulator operationalised its first regional office in Chennai and it caters to the Southern [...]
Lupin announces launch of its diagnostics business
New Delhi, Dec 10 (PTI) Homegrown pharma major Lupin Ltd on Friday announced the launch of its diagnostics arm as part of its strategy to provide integrated healthcare in India. Lupin Diagnostics, a wholly-owned subsidiary of the company, has formally commenced operations in the country, Lupin said in a regulatory filing. The company said it [...]
TickerPlant Launches CryptoWire: The Global Crypto Super App
• CryptoWire is focused on providing Knowledge, Research, Training, Awareness, Information & Data based on principles of Credibility & Stability Mumbai, December 10, 2021: Keeping with the tradition of foresight in envisioning creation of world-class financial markets and ecosystem by 63 moons technologies limited (63 moons), its subsidiary TickerPlant has announced the launch of CryptoWire [...]
Passenger vehicles sales dip 19 pc in Nov as chip shortage woes continue: SIAM
New Delhi, Dec 10 (PTI) Passenger vehicle wholesales in the country declined by 19 pc in November as the semiconductor shortage continued to impact vehicle production and subsequent deliveries to dealer partners, auto industry body SIAM said on Friday. The passenger vehicle (PV) dispatches last month stood at 2,15,626 units, down 19 per cent from [...]
ETO Motors to deploy over 350 EVs at Kevadia in 6 months
New Delhi, Dec 10 (PTI) Electric mobility solutions and services provider ETO Motors on Friday said it plans to deploy over 350 electric vehicles in the next four to six months at Kevadia in Gujarat, the home of the Statue of Unity. The company has commenced operations of over 50 of its 'TriLux' electric three-wheelers [...]
Shiprocket inks pacts for USD 185 mln-funding round, co-led by Zomato, Temasek, Lightrock India
Mumbai, Dec 10 (PTI) E-commerce logistics firm Shiprocket said on Friday it has signed definitive agreements for a USD 185 million (Rs 1,380 crore) Series E funding round, which is being co-led by Zomato, Temasek and Lightrock India. The freshly infused capital would be deployed towards core product expansion, research and development, talent acquisition, and [...]
RBI grants approval to LIC to up stake in IndusInd Bank to nearly 10%
Private bank IndusInd Bank on Friday said the RBI has given approval to LIC to up stake in the bank to nearly 10 per cent. The RBI norms mandate that every person or an entity who intends to make an acquisition in private banks of more than 5% stake, has to take prior approval from [...]
Zorro – A pseudonymous social network, raises $3.2Mn in seed round, backed by 16 Unicorn founders
Gurugram, Haryana, India – Business Wire India Zorro, a pseudonymous social network has raised $3.2 million in seed round by Vijay Shekhar Sharma (Founder & CEO, Paytm), Ritesh Agarwal (Founder & CEO, OYO Rooms), Ashish Hemrajani (Founder & CEO, BookMyShow), Kunal Shah (Founder & CEO, CRED), Ankiti Bose (Founder & CEO, Zilingo), Ashneer Grover (Founder [...]
Amidst Continued Covid Fears – Alliance Group Prepays Rs.140 Crores of Loan to ADIA and KOTAK Realty Fund in Just 19 Months
The fund raised for its project Alliance Galleria Residences in Chennai was prepaid along with an interest amount of Rs 25cr far earlier than its actual tenure of 48 months Chennai, Tamil Nadu, India – Business Wire India While March of 2020 brought bad news with the pandemic hitting the world and businesses being affected [...]
Delhi Police arrests former Religare CEO in Rs 2,300 crore RFL scam case
New Delhi, Dec 10 (PTI) The Economic Offences Wing of Delhi Police has arrested a former Group CEO of Religare Enterprises Limited in connection with siphoning off public money of over Rs 2,300 crore, officials said. The accused has been identified as Krishnan Subramanian, a resident of Rohini in north west Delhi, they said. According [...]
Star Health shares list at discount; falls 6% in early trade
New Delhi, Dec 10 (PTI) Star Health and Allied Insurance Company Ltd listed with a discount on Friday, with the scrip slumping over 6 per cent. The shares of the company, which were sold at a price of Rs 900 apiece in the initial public offering (IPO), opened at Rs 848.80 on the BSE, reflecting [...]
Torry Harris’ DigitMarket™ Marketplace product wins ‘Trusted Vendor’ award
BRISTOL, England and BANGALORE, India, Dec. 10, 2021 /PRNewswire/ -- Torry Harris Integration Solutions (THIS), a recognized leader in Integration strategy and API-driven transformation delivery, today announced it won Crozdesk's 2021 trusted vendor badge for its digital marketplace product "DigitMarket™ Marketplace". Crozdesk's Trusted Vendor badge gets awarded to vendors with high market presence, based on [...]
Integral Ad Science and Mediaocean Partner to Transform Campaign Management
Integration offers media buyers and planners automated campaign across IAS Signal and Mediaocean Prisma buyer workflow MUMBAI, India, Dec. 10, 2021 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a global leader in digital media quality, today announced an advanced integration with Mediaocean, providing a new level of automated campaign management. Now media buyers and planners [...]
Plug and Play to open largest innovation center in Hyderabad, India
HYDERABAD, India, Dec. 9, 2021 /PRNewswire/ -- Plug and Play LLC, one of the world's largest early-stage investor, accelerator, and corporate innovation platforms globally is opening its India operations in Q1, 2022. Plug and Play currently has over 35 office locations around the globe and will now be adding India to the list. "Although we've [...]
IVM Podcasts Brings Listeners Five New Shows
Think Fast | Raw and Organic | War and Warriors | Ikka Dukka Economy | Probation Se Promotion Tak Mumbai, Maharashtra, India – Business Wire India IVM Podcasts, India’s premier podcast network, doesn’t seem to be slowing down as the year comes to an end as it drops five new shows this November. With a [...]
World Bank group imposes 20-month debarment on Ramky Enviro Engineers
The World Bank Group has announced 20-month debarment of Ramky Enviro Engineers Ltd (REEL), a city-based waste management and environmental services company, in connection with a “fraudulent practice” as part of the Capacity Building for Industrial Pollution Management Project in India. Ramky Enviro Engineers Ltd (REEL) is one of Asia’s leading providers of comprehensive environment [...]
Global campaign launched to bring Guptas back to S Africa to face looting charges
Johannesburg, Dec 9 (PTI) An international campaign was launched here on Thursday to bring the self-exiled Gupta brothers back to South Africa to face trial on charges of looting billions of rands from state institutions. Ajay, Atul and Rajesh Gupta, who are accused of massive state capture due to their closeness to former president Jacob [...]
PDD signs power purchase agreement with SECI for solar project in Leh
Leh, Dec 9 (PTI) The Power Development Department (PDD) of Ladakh on Thursday singed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for buying 50 mega watts DC solar power, officials said. The PPA was signed between chief engineer, PDD Ladakh, Ghulam Ahmad Mir and Senior Manager (Projects), SECI, Debajyoti Bordoloi [...]
CFOs show confidence in financial, macroeconomic conditions: Survey
Mumbai, Dec 9 (PTI) Chief financial officers (CFOs) of companies have shown higher confidence in the financial and macroeconomic conditions, according to a survey conducted recently.The composite CFO Optimism Index in the survey done by Dun & Bradstreet showed an increase of 8 per cent on a year-over-year basis to 105.9 during Q42021, as per [...]
Metro Brands raises Rs 410 cr from anchor investors ahead of IPO
New Delhi, Dec 9 (PTI) Footwear retailer Metro Brands Ltd, which is backed by ace investor Rakesh Jhunjhunwala, on Thursday said it has collected a little over Rs 410 crore from anchor investors ahead of its IPO rollout on Friday. The company has allotted 82.05 lakh equity shares to anchor investors at Rs 500 [...]
Employability improves in 2021 led by IT, education, fin services: Report
Mumbai, Dec 9 (PTI) Employability in the country has improved this year as 46.2 per cent of the youth were found highly employable against the last year's 45.97 per cent mainly led by IT, education, financial services sectors, according to a report. According to India Skills Report 2022 by Wheebox, overall 46.2 per cent of [...]
BTL EPC bags Rs 317 cr order from NTPC
New Delhi, Dec 9 (PTI) BTL EPC Ltd on Thursday said it has secured a Rs 317 crore order from NTPC for setting up of a coal handling plant for the Pakri Barwadih coal mining project. The project site is located at Pakri in Hazaribag district, approximately 130 kms from Ranchi. "BTL EPC Ltd...has secured [...]
Dutch firms offer solutions to stubble burning, saline farming
Ahmedabad, Dec 9 (PTI) The Dutch government is in talks with the Gujarat administration to open a Centre of Excellence on "saline farming" in the coastal state to help farmers undertake agricultural activities on salt-affected soils, the European country's trade office here said on Thursday.Amlan Bora, Trade and Investment Commissioner at the Netherlands Business Support [...]
WB Cabinet approves proposal to set up bicycle factory in state for ‘Sabooj Sathi’ scheme
Kolkata, Dec 9 (PTI) The West Bengal Cabinet on Thursday approved the proposal of setting up a bicycle manufacturing unit in the state for its 'Sabooj Sathi' scheme, a top source in the government said. Under the 'Sabooj Sathi' scheme, the state government gives bicycles to students studying in Classes 9 to 12, in government [...]
Singapore off from ‘at-risk’ countries list for arrival in India: SIA
Mumbai, Dec 9 (PTI) Singapore Airlines (SIA) on Thursday said Singapore has been taken off from the list of 'at-risk' countries for international arrival into India.Singapore will now be classified together with other countries that are not 'at-risk'.With this new development, passengers arriving into India from Singapore will no longer be subjected to additional arrival [...]
Shriram Properties initial share sale gets subscribed 1.63 times on second day
New Delhi, Dec 9 (PTI) The initial share sale of Shriram Properties got subscribed 1.63 times on the second day of the offer on Thursday. Fresh issuance of equity shares worth Rs 250 crore and an offer for sale of Rs 350 crore make up the Initial Public Offer (IPO). For 2,93,51,639 shares on sale, [...]
Deepak Fertilisers launches Rs 2,200-cr technical ammonium nitrate plant in Odisha
Mumbai, Dec 9 (PTI) Smartchem Technologies, a fully-owned subsidiary of Deepak Fertilisers & Petrochemicals Corporation, on Thursday said Odisha chief minister Naveen Patnaik laid the foundation stone for its Rs 2,200-crore technical ammonium nitrate (TAN) complex at the Gopalpur industrial park. The project at the Tata Steel industrial park in Gopalpur will have an annual [...]
Patnaik lays foundation stone of chemical factory
Bhubaneswar, Dec 9 (PTI) Chief Minister Naveen Patnaik on Thursday laid the foundation stone of a chemical factory of the Smartchem Technologies Ltd (STL) in Odisha’s Ganjam district. The manufacturing complex at the Gopalpur special economic zone will be set up at an investment of Rs 1,750 crore and will create job opportunities for over [...]
Infopark startup Kogland clocks 10 fold rise in revenue in FY21
Kochi, Dec 9 (PTI) Kogland, a leading e-marketplace startup has become the country's fastest-growing medical procurement company with a 10-fold increase in revenues, aggressive hiring, and scaling up plans. The company, which connects healthcare providers and suppliers digitally with simplified procurement of bulk medical supplies across India, has increased its financial earnings more than 10 [...]
Indians support vaccine, mask mandate for workplace: WEF survey
New Delhi, Dec 9 (PTI) Nearly 90 per cent people in India believe they and their colleagues at workplaces should be fully vaccinated against COVID-19, while 93 per cent agree they should wear mask when in public places or in proximity with others, a global WEF survey showed on Thursday. The percentage of [...]
Fairfax Financial Holdings affiliate sells IIFL Finance shares worth Rs 313 crore
New Delhi, Dec 9 (PTI) An affiliate of Fairfax Financial Holdings on Thursday offloaded shares worth nearly Rs 313 crore in IIFL Finance through an open market transaction.According to bulk deal data available with the NSE, Hamblin Watsa Investment Counsel (HWIC) Asia Fund sold over 1.04 crore shares of IIFL Finance at an average price [...]
Rategain Travel Tech IPO attracts 17.41 times subscription on final day
New Delhi, Dec 9 (PTI) Rategain Travel Technologies' initial share sale elicited strong response from investors, with the issue getting subscribed 17.41 times on the last day of the offer on Thursday. All the categories, including those for Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs), were oversubscribed. The Initial Public Offer (IPO) attracted [...]
ECLGS helped majority of small businesses sail through financial woes: Survey
Mumbai, Dec 9 (PTI) Nearly two-thirds of small businesses believe that the government's Emergency Credit Line Guarantee Scheme (ECLGS) has helped them pass through financial troubles, according to a survey.The survey conducted by credit information company Transunion Cibil on 756 companies also said that 68 per cent were confident about a future positive outlook.Public sector [...]
Expect about 7 lakh new customers during EORS-15: Myntra
New Delhi, Dec 9 (PTI) Fashion e-tailer Myntra on Thursday said it expects about seven lakh new customers on its platform during the End of Reason Sale (EORS), slated for later this month.The 15th edition of Myntra's biannual EORS is scheduled to be held from December 18-23 with participation from more than 5,000 brands. The [...]
Marksans Pharma gets UK MHRA nod for diarrhea medication
New Delhi, Dec 9 (PTI) Drug firm Marksans Pharma on Thursday said its subsidiary has received market authorisation from the UK health regulator for its anti-diarrhoea medication Loperamide capsules.The UK MHRA has granted market authorisation to the company's wholly-owned subsidiary Relonchem Ltd for Loperamide hard capsules (2mg), Marksans Pharma said in a regulatory filing.Marksans Pharma [...]
60 pc feel apprenticeship improves productivity, says paper
Mumbai, Dec 9 (PTI) Even as India has over 500 million workforce, productivity continues to remain a key challenge as 56 per cent are not skilled enough to meet the demands of the market and through apprenticeship this gap can be reduced, says a whitepaper by National Employability through Apprenticeship Programme (NETAP). Close to 60 [...]
RCF debt resolution plan approved by debenture holders
New Delhi, Dec 9 (PTI) The resolution plan of Authum Investment and Infrastructure has received 99 per cent vote of debenture holders of Reliance Commercial Finance Limited, a group company of debt-ridden Reliance Group promoted by Anil Ambani.With the approval, Authum Investment and Infrastructure moved a step further for the acquisition of Reliance Commercial Finance, [...]
India’s software mkt revenues to cross $8.2bn by 2021-end: IDC
New Delhi, Dec 9 (PTI) The software market in India is estimated to surpass USD 8.2 billion by the end of the calendar year 2021, according to research firm IDC. India software market was pegged at USD 4 billion in the first half of 2021, registering a growth of 15.9 per cent year-over-year (YoY), as [...]
ESG disclosures to be part of Ind-Ra’s rating action commentaries from January
Mumbai, Dec 9 (PTI) India Ratings on Thursday said it will make ESG disclosures an integral part of its rating commentary from next month to help investors understand how their money is being put to use when it comes to environmental, social and governance (ESG) factors and how those will impact credit rating decisions.The ESG [...]
WEGoT raises USD 1.5 million in realty and existing investors
Chennai, Dec 9 (PTI) WEGoT, an Internet of Things based water management solutions provider, has raised USD 1.50 million towards its vision to strengthen its footprint in the country and enhance existing product capabilities, the company said on Thursday. The strategic funding was led by GRUHAS Proptech (promoted by Abhijeet Pai of Puzzolana Group and [...]
France to continue supporting India in its renewable energy goals: Ambassador
New Delhi, Dec 9 (PTI) France will continue to support India to help achieve its ambitious target of having 500 GW of renewable energy by 2030, French Ambassador to India Emmanuel Lenain said on Thursday. Prime Minster Narendra Modi had announced the target of 500 GW of renewable energy in India by 2030 at the [...]
Raymond arm JK Files & Engineering files papers for Rs 800-cr IPO
New Delhi, Dec 9 (PTI) JK Files & Engineering Ltd, which is promoted by Raymond, has filed preliminary documents with markets regulator Sebi to raise Rs 800 crore through an initial public offering (IPO). The public issue is entirely an offer of sale (OFS) of equity shares worth Rs 800 crore by promoter Raymond Ltd, [...]
Reliance Jio gets highest ‘A-‘ rating on CDP’s 2021 Global Environment Impact
New Delhi, Dec 9 (PTI) Reliance Jio, India's youngest but largest telecom company, has received the highest 'A-' rating, denoting the highest leadership level, in non-profit CDP's 2021 global rating of companies on the way they manage their environmental impacts.Jio is the only telecom/digital services firm in India to receive a leadership rating on CDP's [...]
7.29 lakh gig workers registered on e-shram portal
New Delhi, Dec 9 (PTI) As many as 7,29,447 gig workers are registered in the country on the e-shram portal, a national database for unorganised workforce, Parliament was informed on Thursday. According to the Code on Social Security, a gig worker is a person who performs work or participates in a work arrangement and earns [...]
AstraZeneca in touch with Indian authorities for approval to COVID drug
New Delhi, Dec 9 (PTI) Biopharmaceutical multinational AstraZeneca on Thursday said it has initiated engagements with Indian health authorities to provide the latest evidence of Evusheld, its COVID-19 prevention drug for people with weakened immune system which has received emergency use authorisation (EUA) in the US. The long acting antibody combination has been granted the [...]
Germany’s KfW IPEX-Bank provides USD 82 mn financial support to JSL to procure machinery
New Delhi, Dec 9 (PTI) Germany-based KfW IPEX-Bank has extended a USD 82-million (about Rs 615 crore) financial support to Jindal Stainless Limited to procure machinery from Austrian companies Primetals Technologies and Andritz AG.JSL is procuring capital equipment from Europe as part of its plan for expansion of its production facilities in Jajpur, Odisha, from [...]
Economy likely to grow 9 pc next fiscal: Credit Suisse
Mumbai, Dec 9 (PTI) Swiss brokerage Credit Suisse expects the economy to continue to show positive surprises and record up to 9 per cent growth in the next fiscal. For the current financial year too, the brokerage anticipates growth to be higher than the consensus forecast of 8.4-9.5 per cent, and printing in at around [...]
Don’t foresee any coal shortage till March 22: CIL chief
Kolkata, Dec 9 (PTI) Coal India Ltd on Thursday said it does not foresee any shortage of dry fuel for power producers till March 2022 as it is focusing on ramping up production to secure a stock of about 70 million tonne by end of the current fiscal. Around 100 million tonne of pithead stock, [...]
Government must ensure enough mining blocks for everyone: JSPL
Kolkata, Dec 9 (PTI) The government must ensure that there are enough mining blocks for everyone, Jindal Steel and Power Ltd chairman Naveen Jindal said on Thursday. He said there are challenges in mining in India, issues like land acquisition, rehabilitation of people, getting clearances, etc, that needs to be taken care of through a [...]
Equity MF inflows surge to 4-month high in Nov on strong SIP book
New Delhi, Dec 9 (PTI) Net flows into equity mutual funds rose to a four-month high of Rs 11,615 crore in November on a strong SIP book despite extreme volatility in markets. This was also the ninth consecutive monthly net inflow, data with the Association of Mutual Funds in India (AMFI) showed on Thursday. [...]
Bajaj Electricals board approves review of corporate structure
New Delhi, Dec 9 (PTI) Bajaj Electricals Ltd on Thursday said its board has approved a review of its corporate structure, including a move to hive off its power transmission and power distribution business verticals as an independent entity.The company -- which is into consumer product segments like appliances, fan and consumer lighting products; and [...]
Govt issues SoP for use of drone in crop protection; CropLife India welcomes move
New Delhi, Dec 9 (PTI) The government has released standard operating procedure (SoP) for use of drones for the purpose of spraying pesticides on agriculture crops, a move welcomed by industry body CropLife India on Thursday. Releasing the SoP, the agriculture ministry said, in recent years, use of drones in agriculture [...]
Grip Invest signs USD 2-mn lease financing deal with Battery Smart
Mumbai, Dec 9 (PTI) Grip Invest, a digital platform for facilitating new-age investments, on Thursday said it has signed a USD 2 million lease financing deal with Battery Smart for electric vehicles. Through this deal, Grip Invest plans to lease 4,000 batteries for e-rickshaws, enabling the battery network provider to leverage an asset-light business model [...]
Steel Minister directs PSUs to complete projects in time-bound manner
New Delhi, Dec 9 (PTI) Union Steel Minister Ram Chandra Prasad Singh on Thursday directed the PSUs under his ministry to complete their projects in a time-bound manner.The minister made the remarks while chairing a meeting to review the progress of capital expenditure (Capex) of Rs 13,300 crore for the year 2021-22 by steel CPSEs, [...]
Govt procures paddy worth nearly Rs 64,000 cr at MSP in 2021-22 mkt year so far
New Delhi, Dec 9 (PTI) The government has procured 326 lakh tonnes of paddy so far in the 2021-22 kharif marketing year at the minimum support price (MSP) for nearly Rs 64,000 crore. "Paddy procurement is progressing smoothly in the Kharif Marketing Season (KMS) 2021-22 from farmers, at MSP like it was done in the [...]
BTL EPC bags Rs 317 crore NTPC order
Kolkata, Dec 9 (PTI) City-based BTL EPC Ltd on Thursday said it has secured the order for setting up of the Coal Handling Plant of Pakri Barwadih Coal Mining Project from National Thermal Power Corporation Limited valued at Rs 317 crore. The company said the order consists of the installation of conveyors of an approximate [...]
Microsoft India, WhiteHat Jr partner to offer immersive game-based learning experiences
New Delhi, Dec 9 (PTI) Microsoft India and WhiteHat Jr on Thursday announced a collaboration to provide students and teachers access to personalised and immersive learning experiences with Minecraft. Under the partnership, Whitehat Jr will offer a Code with Minecraft course for students on its platform, a statement said. The Code with Minecraft programme will [...]
Imports made up 86 pc of India’s gold supply between 2016-2020; will be stronger in 2022: WGC
Mumbai, Dec 9 (PTI) Imports made up 86 per cent of India's gold supply between 2016-2020, and inbound shipments continue to grow despite high import duty, as per a report by the World Gold Council (WGC). Since the first duty hike in 2012, India has imported some 6,581 tonnes of gold, averaging 730 tonnes per [...]
States can distribute jowar, ragi via ration shops within 6-7 months after procurement
New Delhi, Dec 9 (PTI) The Centre has allowed state governments to distribute jowar and ragi within 6 and 7 months, respectively, from the end of the procurement period against 3 months earlier, as part of its efforts to boost the supply of coarse grains through ration shops and other welfare schemes.The Government of India [...]
Ground-breaking ceremony for TÜV SÜD’s new testing laboratory in India
State-of-the-art testing facility for electrical and electronics and Medical Devices BENGALURU, India and MUNICH, Dec. 9, 2021 /PRNewswire/ -- TÜV SÜD today laid the foundation stone for a new state-of-the-art facility for testing and certifying electrical and electronic products and Medical Devices (active and non- active) to national and international standards in Bengaluru, India. This [...]
No vendor authorised by MNRE for rooftop solar, pay only rates decided by discoms: Advisory
New Delhi, Dec 9 (PTI) The new and renewable energy ministry on Thursday clarified that no vendor authorised by it for installation of rooftop solar and also advised the consumers to pay only rates decided by power distribution utilities or discoms.The clarification came after it found that some vendors are claiming that they are authorised [...]
Pandemic-hit 2021 sees top cos’ valuation rise 68 pc
Mumbai, Dec 9 (PTI) Top Indian companies by valuation saw their networth rise by 68 per cent this year despite the pandemic, which has otherwise had a disastrous impact on small businesses and normal life, a report said on Thursday. The Burgundy Private Hurun India 500 list's overall networth stands at Rs 228 lakh crore [...]
Get the Dual Advantage of High FD Rates and Safety with Bajaj Finance FD
Pune, Maharashtra, India (NewsVoir) Wealth generation is a steady process that needs time. Hence, having a systematic saving and investment plan is of utmost importance. Financial experts advise starting young. One can use these funds for future goals and finance unforeseen circumstances. However, making the right investment choice could be challenging with the current inflation [...]
Loop Health Joins Hands with Marathwada Mitra Mandal’s IMERT, Pune to Provide Health Insurance to Entrepreneurs
Pune | Mumbai, Maharashtra, India (NewsVoir) Loop Health has signed a Memorandum of Understanding (MoU) with the Marathwada Mitra Mandal's IMERT’s (Institute of Management Education, Research and Training) Incubation Centre in Pune to provide health insurance to rising entrepreneurs. The Memorandum of Understanding is aligned with Loop Health's commitment to nurturing the next generation of [...]
Coffee Day Enterprises shares slump 2 pc
New Delhi, Dec 9 (PTI) Shares of Coffee Day Enterprises Ltd on Thursday slipped more than 2 per cent after markets regulator Sebi issued a show cause notice to the company.On BSE, the scrip settled 2.49 per cent lower at Rs 41.2. During the day, it was trading at a low of Rs 41.05 On [...]
Talent supply for fresher roles outgrows employers’ demand: Indeed
New Delhi, Dec 9 (PTI) Talent supply for fresher roles has outpaced employers' demand in the 12-month period ending October 2021, indicating a rising talent supply in a declining job market, according to a report.As per data findings by leading job site Indeed, the number of freshers seeking jobs (searches) has seen a 30 per [...]
Furlenco’s parent company, ‘House of Kieraya’ (HoK) forays into luxury with Prava
Prava aims to hit 100 cr GMV in the next year BENGALURU, India, Dec. 9, 2021 /PRNewswire/ -- House of Kieraya (HoK) is on track to becoming India's largest furniture and lifestyle brand, with its latest addition, Prava, which aims to achieve 100 crores GMV in one year. Prava offers luxurious limited-edition annual collections that [...]
Coal stocks at power plants improve to 21 MT, enough for 10 days: Power Min
New Delhi, Dec 9 (PTI) Coal stock at thermal power plants improved to 20.98 million tonne (MT) on December 5, 2021, which is sufficient to run the plants for an average 10 days, Parliament was informed on Thursday. At present, the Central Electricity Authority (CEA) monitors fuel stocks of 136 coal-based thermal power plants with [...]
Women make up 22 per cent of the workforce in the oil and gas industry: Survey
Houston, Dec 9 (PTI) Women make up 22 per cent of the workforce in the oil and gas industry, unchanged since 2017, despite strong evidence that more diverse and inclusive workforces drive profit and innovation in the sector, according to a study. However, the number of Diversity and Inclusion policies and initiatives adopted by companies [...]
Rebel Foods hires Prakash Dutta as its Global COO
New Delhi, Dec 9 (PTI) Rebel Foods, which owns brands like Faasos and Behrouz Biryani, has onboarded former Amazon Vice President India Operations Prakash Dutta as its Global COO. Dutta will now lead Rebel Foods in 10 countries and drive the next phase of global growth, Rebel Foods said in a statement. "As the Global [...]
HMD Global starts exporting feature phone from India
New Delhi, Dec 9 (PTI) HMD Global, which sells the Nokia brand of mobile phones, on Thursday said it has started exporting its Nokia 105 feature phone to the UAE market, leveraging its partnerships with local players in India.Speaking to PTI, HMD Global Vice President (India and MENA) Sanmeet Singh Kochhar said the first device [...]
Centre expects traction in new round of coal mine auction
Kolkata, Dec 9 (PTI) Despite sluggish demand for coal blocks in the previous rounds of auction, the Centre is expecting a good response from the current tranche of offering, a senior official said on Thursday. The government is currently carrying out the process for the third tranche of coal block auctions and December 9 is [...]
Ujjivan Small Finance Bank raises interest rate on deposits
New Delhi, Dec 9 (PTI) Ujjivan Small Finance Bank on Thursday said it has raised interest rates on deposits across various tenures. For the general citizen up to 60 years, the bank will now offer an interest rate of 6.6 per cent for deposits for tenures of 19 months, one day to 24 months. For [...]
Requirement of life sciences R&D real estate seen at USD 21 bn during 2021-2030: Report
New Delhi, Dec 9 (PTI) The requirement of real estate for research & development (R&D) in life sciences sector is estimated at around USD 21 billion over the next decade, according to property consultant Savills India said. "India is gaining momentum to develop a robust life sciences R&D hub that will likely present a lucrative [...]
Sensex ends in green for third day; ITC spurts 4.60 pc
Mumbai, Dec 9 (PTI) Equity indices mustered gains for the third session on the trot on Thursday, propelled by energy, FMCG and infra counters amid a largely positive trend in global markets. After a choppy start, the 30-share BSE Sensex gained momentum in afternoon trade to end 157.45 points or 0.27 per cent higher at [...]
Gender pay gap deepens during COVID, women left behind on pay hike, bonuses: Study
New Delhi, Dec 9 (PTI) Gender pay gap has deepened during the COVID-19 pandemic, with women being left behind on pay raises and bonuses, says an ADP study. According to ADP's study 'People at Work 2021: A Global Workforce View', in India only 65 per cent of women received a pay rise or bonus for [...]
Vodafone Idea shares surge over 15 pc
New Delhi, Dec 9 (PTI) Shares of Vodafone Idea Ltd on Thursday surged over 15 per cent amid reports that the telecom player has raised funds to pay its bond holders.On BSE, the scrip closed at Rs 16.43 apiece, zooming as much as 14.98 per cent. During the day, it was trading at a 52-week [...]
Wheels India shares rise 4 pc post board’s approval for amalgamation with Sundaram Hydraulics
New Delhi, Dec 9 (PTI) Shares of Wheels India Ltd on Thursday increased nearly 4 per cent a day after its board approved amalgamation of Sundaram Hydraulics Ltd with the company. On the BSE, the scrip jumped 3.74 per cent to end at Rs 689.35. It was trading at a high of Rs 699.4 during [...]
Govt has advised ONGC to get partners in Mumbai High, Bassein fields: Minister
New Delhi, Dec 9 (PTI) The government has from time to time advised ONGC to have partnerships in its major fields including Mumbai High and Bassein & Satellite assets off the west coast with a view to raising output and technology infusion, Parliament was informed on Thursday. In a written reply to a question in [...]
Omega Seiki Mobility invests USD 200-300 mln in electric light commercial biz
Mumbai, Dec 9 (PTI) Anglian Omega Group's EV arm Omega Seiki Mobility (OSM) is investing USD 200-300 million in the electric light commercial business with plans to roll out e-trucks in various payload capacities in the domestic market by this fiscal end for the logistics sector, company's chairman Uday Narang has said. OSM has been [...]
Treat crypto or digital tokens as securities of special class: CII
New Delhi, Dec 9 (PTI) Crypto or digital tokens should be treated as securities of a special class to which the provisions of existing securities regulations will not apply, and a new set of regulations appropriate to the context should be evolved and applied, CII said in a statement.This would mean regulatory focus principally on [...]
DIRECT EXCHANGE RATES
Mumbai, Dec 9 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE. ( ALL RATES IN RUPEES PER UNIT ). CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 74.70 76.20 74.64 76.36 EUR/INR 84.11 86.96 84.04 87.13 GBP/INR 98.08 101.21 98.00 101.41 JPY/INR 65.26 67.47 65.20 67.61 [...]
CARE Rating Agency Revises Outlook to ‘A’; Positive (Single A; Outlook: Positive) for H.K. Jewels Pvt Ltd.
Mumbai, Maharashtra, India (NewsVoir) H.K. Jewels Pvt. Ltd. (HKJ) announced that CARE Rating agency revised the outlook from negative to positive citing improvement in financial risk profile in FY2021 and strong improvement in sales in H1FY2022 due to faster demand recovery in diamond consuming countries. In domestic market, HKJ sells diamond studded gold jewellery under [...]
One Moto Leads the Race in EV Domination, Outshines Competitors at Bengaluru EV Expo
Hyderabad, Telangana, India (NewsVoir) Optimizing on the successful launch of the One Moto EV’s in India, the EV’s were publicly put on display for the first time in India at the Green Vehicle Expo in Bengaluru from the 27th to the 29th of November 2021. With a massive turnout of over 15,000 people at the [...]
PRICES MUM BULLION OPEN
Mumbai, Dec 9 (PTI) SILVER SPOT (IN RS PER kg): 61219.00 STANDARD GOLD (99.5) : 47774.00 PURE GOLD (99.9) : 47966.00 -------------------- PTI MUM SVC SHW SHW
SKODA AUTO strategy to strengthen touch points in South India leads to 90% growth in sales
Chennai, Dec 9 (PTI) Czech car maker SKODA AUTO on Thursday said its customer touchpoints in southern parts of the country grew by 84 per cent over the last one year resulting in 90 per cent growth in sales across the region. The company's dealership network also grew from 38 in 2020 to 70 touch [...]
Shop on the Bajaj Finserv EMI Store and get 10 percent Cashback on the Samsung Galaxy A52s
Shop for the Samsung Galaxy A52s on the Bajaj Finserv EMI Store using the EMI Network Card and get 10% cashback on your purchase. This is a limited time offer Pune, Maharashtra, India (NewsVoir) Bring home the latest Samsung Galaxy A52s smartphone (with a 6.5-inch AMOLED display) on the EMI Store using the EMI Network [...]
Octavia Spencer aims to bring hope in times of darkness: It’s the task I’m charged with
New Delhi, Dec 9 (PTI) Octavia Spencer, the Oscar-winning star of films such as "Snowpiercer" and "Hidden Figures", says she feels it is her purpose to bring light and hope through her work.As one of the most versatile actors currently working in Hollywood, Spencer said her aim is to make people reflect back on their [...]
2022 to be a challenging year for tea industry: Assocham-ICRA report
Kolkata, Dec 9 (PTI) The year 2022 will be a challenging year for the Indian tea industry as the cost of production is higher than price realisation at the auctions, according to a report prepared jointly by Assocham and ICRA. The report said that FY2021 proved to be one of the best years of the [...]
Poor Customer Experiences Costing Businesses up to USD 216 Billion in India, says Qualtrics Study
Mumbai, Maharashtra, India (NewsVoir) • New Qualtrics research uncovers the moves businesses in India need to take to win in 2022 • Nearly all consumers in India (96%) said they were dissatisfied with their experiences as customers in 2021, says survey • Two-thirds of workers intend to stay with their employer next year Nearly all [...]
Crude oil futures dip on weak spot demand
New Delhi, Dec 9 (PTI) Crude oil prices on Thursday fell by Rs 4 to Rs 5,464 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for December delivery dropped by Rs 4, or 0.07 per cent, to Rs 5,464 per barrel with a business volume of 4,442 lots. Analysts [...]
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