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Petrochemical stocks with low PE ratio to add to your watchlist
The price-to-earnings (P/E) ratio measures a company's share price relative to its earnings per share. A high P/E ratio may suggest that a stock is overvalued, with investors paying more for each unit of earnings growth. Conversely, a lower P/E ratio compared to market averages or industry peers is generally considered advantageous, as it indicates [...]
IT stock jumps 15% after announcing robust results and 1:4 bonus issue
The shares of this smallcap company surged around 11 percent in Wednesday’s trading session after announcing robust results and bonus shares in the ratio of 1:4. Price Movement: With a market capitalization of Rs. 3,121 crores, the shares of Saksoft Ltd started Wednesday’s trading session on a higher note at Rs. 278.95 compared to its [...]
FMCG stock hits 20% upper circuit after its net profits increases by 287% YoY
In Wednesday’s trading session, the shares of a company engaged in various manufacturing activities in the poultry industry hit a 20% upper circuit at Rs. 2,191.4, after reporting financial results for Q1 FY24-25 with a rise in the net profit of 124.5 percent QoQ as well as 287.6 percent YoY. The shares of Venky's (India) [...]
Textile stock jumps 17% after company’s net profit increases by 38% QoQ
Textile stock engaged in the business of offering casual, comfortable and stylish wardrobe solutions for multiple occasions jumped 17 percent in the day’s trade upon posting robust Q1FY25 results Price Action With a market capitalization of Rs. 1,212 Crores, the shares of Credo Brands Marketing Limited were trading at Rs. 187.15 per equity share, up [...]
EV stock hits 10% upper circuit after receiving order for 1.2 MW solar energy storage systems
The shares of this smallcap company locked a 10 percent upper circuit after receiving 1.2 MW Solar Energy Storage and Grid-Connected Systems orders from the Rural Development Department and UPNEDA. Price Movemnet: With a market capitalization of Rs. 2,791 crores, the shares of Servotech Power Systems Ltd started Wednesday’s trading session on a flatter note [...]
Ashish Kacholia stocks trading at discount of up to 40% to look out for
Ashish Kacholia, better known for his investing strategies and absence in the media, is one of the renowned Indian stock market investors. He started his career with Prime Securities and later joined Edelweiss where he used to handle the equity research desk. Finally, he incorporated his broking firm, Lucky Securities, where he’s building his portfolio. [...]
2 IT stocks jump 15% after they announce net profit growth up to 180% in Q1
The earnings season for the June 2024 quarter (Q1 FY24-25) for IT companies started in mid-July 2024, where margins saw slight improvement due to cost optimisation and high utilisation levels. Following are the two Information Technology (IT) stocks that have seen notable increases in their share prices after announcing robust financial results for Q1 FY24-25: [...]
Pharma stock jumps 6% after its net profits increases by 119% in Q1
The shares of this pharmaceutical company gained up to 6 percent after the company's net profit and revenue increased by 119 percent and 13 percent QoQ, respectively in Q1FY25, With a market capitalization of Rs 91,169.05 crore, the shares of Lupin Ltd were trading at Rs 1,999.25 per share, increasing around 5 percent as compared [...]
Penny stock hits 5% upper circuit after company’s net profits increases by 120% in Q1
Micro-cap stock engaged in providing logistics services hit the 5 percent upper price band reaching Rs.40 per share, following a 140 percent increase in revenues year-on-year. Price Movement In Wednesday's trading session, the share price of Tiger Logistics Ltd reached a 5 percent upper circuit limit of Rs.40 per share, from its previous closing price [...]
Tata group stock falls 7% after company’s net profit decreases by 48% QoQ
Tata Group stock engaged in manufacturing and supplying sheet metal stampings, welded assemblies, Battery tray assemblies, and modules for the automotive industry slumps 7 percent in the day’s trade upon reporting weak Q1FY25 results with a 48 percent decline in Net Profits. Price Action With a market capitalization of Rs. 1,416 Crores, the shares of [...]
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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
Timex Group and Judith Leiber Couture Announce Collaboration and New Partnership
Following the collaboration debut, the license agreement is the natural next step in the partnership. NEW DELHI, Dec. 6, 2021 /PRNewswire/ -- Timex Group, a global leader in watchmaking for over 165 years has announced a strategic new license agreement with Judith Leiber Couture, a global luxury brand. The partnership began on September 15, 2021 with the [...]
ITC Hotels and CII join hands for job oriented international hospitality training
Kolkata, Dec 6 (PTI) ITC Hotels and industry body CII on Monday announced a tie-up for skill development in Indian hospitality sector in collaboration with a swiss training partner. An 18-month Vocational Education & Training (VET) Professional Diploma programme by the Ecole hôtelière de Lausanne (EHL) Education Group of Switzerland will be delivered at four [...]
GreenCell Mobility Appoints McCann Worldgroup for Branding and Communications Mandate for its Shared Electric Mobility Business
Mumbai, Maharashtra, India (NewsVoir) • The mandate entrusts McCann Worldgroup Mumbai to conceptualize a robust brand strategy framework and execute a superlative campaign for GreenCell’s B2C brand launch • GreenCell Mobility plans to unveil country’s first PAN India e-bus mobility brand early next year • Company on-track to achieve India’s connected, shared and sustainable mobility [...]
HC seeks ED response on bail plea by Ambience group promoter in money laundering case
New Delhi, Nov 6 (PTI) The Delhi High Court Monday sought a response from the Enforcement Directorate on Ambience group promoter Raj Singh Gehlot's bail plea in a money laundering case linked to an alleged bank loan fraud of Rs 800 crore.Justice Manoj Kumar Ohri issued notice on the plea and granted time to the [...]
Tata Motors to hike prices of commercial vehicles from Jan
New Delhi, Dec 6 (PTI) Homegrown auto major Tata Motors on Monday said it will hike prices of its commercial vehicles in the range of 2.5 per cent from January 1 to offset the increase in commodity and raw materials costs.The price hike will be across segments of medium and heavy commercial vehicles (M&HCV), intermediate [...]
RBI’s MPC starts deliberations amid expectations of status quo in policy rate
Mumbai, Dec 6 (PTI) The Reserve Bank's rate-setting panel began its three-day deliberations on Monday to decide the next monetary policy amid expectations that the central bank will maintain status quo on the benchmark interest rate in the backdrop of global scare due to the new coronavirus variant Omicron. Reserve Bank Governor Shaktikanta Das headed [...]
PMS, AIF asset base set to cross Rs 50 lakh cr in 10 yrs: PMS Bazaar
New Delhi, Dec 6 (PTI) With sophisticated investors looking beyond traditional retail-oriented investments, Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) structures are gaining massive traction and the assets base of these products is expected to cross Rs 50 lakh crore by 2031. PMS and AIF are emerging as strong alternatives to grow wealth [...]
144 central infra projects reported delays in 2021-22; total cost overrun at Rs 14,960 cr
New Delhi, Dec 6 (PTI) As many as 144 central infrastructure projects have reported delays (single and multiple) in its completion in the current financial year and the total cost overrun of these is Rs 14,960.02 crore, Parliament was informed on Monday. "The list of central infrastructure projects that have reported delays in completion in [...]
Need to boost medical infra capabilities for quality healthcare services: NATHEALTH
New Delhi, Dec 6 (PTI) Healthcare industry body NATHEALTH on Monday urged the government to allocate funds to introduce medical education programmes that can address the shortage of skilled healthcare manpower in the country. The industry body, as part of its Budget wishlist, also sought development of hospitals in smaller towns with adequate infrastructure to [...]
WhatsApp launches incubator prog for organisations to build solutions for healthcare issues
New Delhi, Dec 6 (PTI) WhatsApp on Monday announced an incubator program to support organisations in building digital solutions to tackle pressing healthcare issues. The 'WhatsApp Incubator Program' aims to facilitate positive and measurable health outcomes at scale by leveraging the WhatsApp Business Platform. "The program aims to identify 10 selected organisations tackling critical health [...]
DIRECT EXCHANGE RATES
Mumbai, Dec 6 (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 74.45 75.95 74.39 76.11 EUR/INR 83.50 86.33 83.43 86.50 GBP/INR 97.98 101.10 97.90 101.30 JPY/INR 65.44 67.67 65.39 67.80 [...]
HC asks Centre to consider deputing judicial officer of subordinate judiciary in DRT
New Delhi, Dec 6 (PTI) The Delhi High Court has asked the Centre to consider on “priority” the option of deputing a judicial member from the subordinate judiciary as a stop-gap arrangement in Debt Recovery Tribunals (DRTs) here till appointments are made to fill up the vacancies.The high court said considering the fact that there [...]
No shortage of coal in country: Joshi
New Delhi, Dec 6 (PTI) There is no shortage of coal in the country, Union minister Pralhad Joshi informed Parliament on Monday. Replying to a query in the Rajya Sabha, Coal Minister Pralhad Joshi said that coal stocks at generating plants had depleted due to some interruption in supply of dry fuel due to heavy [...]
PRICES MUM BULLION OPEN
Mumbai, DEC 6 (PTI) SILVER SPOT (IN RS PER Kg): 61233.00 STANDARD GOLD (99.5) : 47685.00 PURE GOLD (99.9) : 47877.00 -------------------- PTI MUM SVC SHW SHW
Inox Green Energy Services to raise Rs 500 cr via IPO
Inox Wind on Monday said the board of its arm Inox Green Energy Services Ltd has approved fundraising of Rs 500 crore through an initial public offering of its equity shares. Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants near Ahmedabad (Gujarat) for blades & tubular towers [...]
Sudan owes ONGC Videsh USD 560 mn in unpaid dues: Govt
New Delhi, Dec 6 (PTI) Sudan owes ONGC Videsh Ltd (OVL) a total of USD 560 million in unpaid oil dues and cost of pipeline built by the Indian firm built for the African nation, the government told Parliament on Monday. OVL, the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), had a [...]
ARECA-COCONUT-PRICES
Mangaluru, Dec 6 (PTI) Following are Monday's Areca and coconut prices. Areca (per QTL) Old Supari : Rs 48000 to Rs 52500 model Rs 51000 New Supari : Rs 38000 to Rs 43500 model Rs 42000 Koka : Rs 35000 to Rs 40000 model Rs 37500 Coconut [per thousand]: 1st qlty : Rs 20000 to [...]
Crude oil futures gain on spot demand
New Delhi, Dec 6 (PTI) Crude oil prices on Monday rose by Rs 89 to Rs 5,121 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 89, or 1.77 per cent, to Rs 5,121 per barrel in 6,339 [...]
IEX power trade volume grows nearly 54 pc to 9,477 MU in November
New Delhi, Dec 6 (PTI) Electricity trade volume at Indian Energy Exchange (IEX) rose nearly 54 per cent year-on-year in November this year to 9,477 million units (MUs). "The Indian Energy Exchange realized 9,477 MU cleared volume in November 2021 comprising 6,333 MU in the Conventional Power Market, 457 MU in the Green Power Market [...]
India has 4th largest foreign exchange reserves in world: MoS finance
New Delhi, Dec 6 (PTI) India currently has the fourth largest foreign exchange reserves in the world, Minister of State for Finance Pankaj Chaudhary told Lok Sabha on Monday. As on November 19, 2021, he said the forex reserve stood at USD 640.4 billion. Replying to another question, he said the details of the holders [...]
Trade unions to observe two-day nationwide strike on Feb 23-24
New Delhi, Dec 6 (PTI) A joint platform of central trade unions has given a call for a nationwide general strike on February 23 and 24 during the Budget Session of Parliament. "The Joint Platform of Central Trade Unions and Independent sectoral All India Federations and Associations met in Delhi on 3rd December 2021, and [...]
Ghodawat Consumer’s Snack Food Unit wins 1st prize in Continuous Improvement from all ITC Plants in India
KOLHAPUR, India, Dec. 6, 2021 /PRNewswire/ -- In collaboration with the Confederation of Indian Industry, Ghodawat Consumer's Snack Food unit won the 1st prize in Continuous Improvement from all ITC Plants at an all India level. As one of India's fastest growing FMCG enterprises, Ghodawat Consumer Ltd is honoured to be a recipient of such [...]
Rising demand lifts refined soya oil futures
New Delhi, Dec 6 (PTI) Refined soya oil prices on Monday rose by Rs 5.7 to Rs 1,211.6 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 5.7, or 0.48 per cent, to Rs 1,211.6 per [...]
Guar seed futures rise on fresh bets
New Delhi, Dec 6 (PTI) Guar seed prices on Monday rose by Rs 59 to Rs 5,675 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 59, or 1.05 per [...]
Companies raised Rs 52,759 cr from IPOs till October this fiscal: Sitharaman
New Delhi, Dec 6 (PTI) A total of Rs 52,759 crore has been raised by 61 companies through initial public offers till October this fiscal, higher than the funds mopped up through this route in the last financial year, the government told the Lok Sabha on Monday. Out of the 61 companies that hit the [...]
Guar gum futures gain on spot demand
New Delhi, Dec 6 (PTI) Guar gum prices on Monday gained Rs 123 to Rs 9,924 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 2.96 per cent, or Rs 123, to Rs 9,924 per [...]
Cottonseed oil cake futures rise on fresh bets
New Delhi, Dec 6 (PTI) Cottonseed oil cake prices on Monday increased by Rs 83 to Rs 2,809 per quintal in futures trade as speculators created fresh positions driven by firm spot demand. On the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in December traded up by Rs 83, or 3.04 per [...]
CPhI India Concludes the 2021 Hybrid Edition of CPhI – P-MEC Expo along with Informa Pharma Intelligence
NEW DELHI, Dec. 6, 2021 /PRNewswire/ -- Informa Pharma Intelligence, one of the leading business intelligence providers and knowledge partner, concluded its involvement at this year's CPhI & P-MEC Expo, a hybrid conclave hosted between 24th to 26th November 2021 at India Expo Centre – Greater Noida, New Delhi, and at the Online Conference & [...]
Tata Power, IIT Madras ink MoU to collaborate on R&D, training, tech solutions
New Delhi, Dec 6 (PTI) Tata Power and IIT Madras have inked pact to collaborate on R&D, consultancy, advocacy, training and technology solutions. According to a statement, the two organisations have signed a memorandum of understanding (MoU) to facilitate this collaboration. As a part of the MoU, Tata Power and IIT Madras will aim to [...]
Toyota Kirloskar Motor partners with Karnataka Bank for financing solutions
New Delhi, Dec 6 (PTI) Toyota Kirloskar Motor (TKM) on Monday said it has partnered with Karnataka Bank to finance its vehicles across cities and towns in India.The company has signed a memorandum of understanding with Karnataka Bank, following which the bank will be one of the preferred financiers for the entire range of vehicles [...]
Sakal Publications Presents Kathakraang: A Poetic Fusion Of Dance And Book-Making
Explore the creative uniqueness of this product infused with culture PUNE, India, Dec. 6, 2021 /PRNewswire/ -- Kathakraang is a poetic fusion of dance and book-making, where parallels are drawn as one experiences this work of art. The fluidity and graceful movements of Kathak as a dance form is captured through the handcrafted manifestation of [...]
Radha Launches South India’s First Infrastructure Steel
HYDERABAD, India, Dec. 6, 2021 /PRNewswire/ -- Large Infrastructure Projects and modern High-rise buildings are built with reinforced concrete frameworks which require Steel of higher tensile strength and ductility. Such Steel Rebars which are embedded in these concrete frameworks not only help the structures to support their weight but also resist earthquakes. Radha TMT ® [...]
Sonata Software recognized for its market-leading capabilities in Microsoft Dynamics 365
BANGALORE, India, Dec. 6, 2021 /PRNewswire/ -- Sonata Software Ltd., a global IT services and technology solutions company, has been recognised by three leading global analyst firms for its market-leading capabilities in Microsoft Dynamics 365 over the years including 2021. IDC had recently named Sonata Software as a "Major Player" in the IDC MarketScape: Asia/Pacific [...]
Singapore’s central bank says financial system resilient but must stay prudent amid ‘considerable uncertainty’ from COVID-19
Singapore, Dec 6 (PTI) Singapore companies, the financial sector and households should stay vigilant and prudent amid “considerable uncertainty” from the COVID-19 pandemic, the island city-state's central bank cautioned on Monday. So far, the local financial system has been resilient as existing buffers and “exceptional” government measures provided “critical support”. The subsequent economic recovery and [...]
Actor Ram Kapoor Invests in Flagship Avas Villa, Alibaugh
Mumbai, Maharashtra, India (NewsVoir) The next big destination in India, Alibaugh, is once again in the spotlight. The preferred choice for many Mumbaikers for their second home due to the ease of connectivity, Alibaugh has seen a recent spurt in residential property developments. Avas Living, a wellness luxury living project by Aditya Kilachand that boasts [...]
Eternal Hospital (EHCC) Jaipur, the First to Perform TAVI/TAVR in Rajasthan
Jaipur, Rajasthan, India (NewsVoir) Eternal Hospital (EHCC) Jaipur becomes the first hospital in the state of Rajasthan to perform this path-breaking and revolutionary procedure under the guidance of globally recognized expert Dr.Samin K Sharma - Director Interventional Cardiology Mount Sinai Health System NY USA, Chairperson Eternal Hospital Jaipur, who has performed over 3000 procedures to [...]
Sonalika Clocks Highest ever November Overall Estimated Market Share of 16 percent with 1.4 percent Market Share Gain
Sonalika Overall sales 11,909 tractors in November-21 New Delhi, Delhi, India (NewsVoir) Growing awareness about technology importance in agriculture has led to rapid innovation in farm equipment solutions. Farmers across the globe are increasingly becoming progressive as the demand for farm mechanisation is also being witnessed even beyond the traditional festive seasons as well. Sonalika [...]
Audi launches entry-level variant of A-4 sedan, priced at Rs 39.99 lakh
New Delhi, Dec 6 (PTI) German luxury carmaker Audi on Monday launched an entry-level variant of its A4 sedan Audi A4 Premium in India priced at Rs 39.99 lakh (ex-showroom).Audi A4 Premium is an addition to the existing lineup, including the A4 Premium Plus and A4 Technology variants, priced at Rs 43.69 lakh and Rs [...]
Biden’s democracy summit risks being a talking shop
Melbourne, Dec 6 (360info) The ‘Summit for Democracy’ is heralded by organisers as the start of democratic renewal. But without a clear agenda, it risks being a forum for grandstanding.US President Joe Biden’s online ‘Summit for Democracy’ is being heralded by its organisers as the start of democratic renewal. Leaders from governments, civil society and [...]
Brexit fractured the UK’s democracy and cynicism now reigns
Southampton, Dec 6 (360info) In the shadow of Brexit, this ideal seems far from reality in the UK, many Britons have come to view politics through an antagonistic lens.US President Joe Biden is billing his ‘Summit for Democracy’ as an opportunity “to prove democracy still works and can improve people’s lives in tangible ways”. In [...]
Indian office market may take 2 years to reach pre-COVID level, says Colliers India CEO
New Delhi, Dec 6 (PTI) The leasing of office space across major cities is likely to rise marginally this year with corporates becoming less cautious, but it will take at least two years to reach the pre-COVID level, Colliers India CEO Ramesh Nair has said.Colliers India, which is part of Canada-based Colliers, is one of [...]
Shriram Properties sets IPO price band at Rs 113-118/share
New Delhi, Dec 6 (PTI) Shriram Properties has fixed a price band of Rs 113-118 a share for its Rs 600-crore initial share sale, which will open for public subscription on December 8. The three-day initial public offering (IPO) will conclude on December 10, the bidding for anchor investors will open on December 7, according [...]
Saudi Arabia has joined more than 100 countries accepting visitors vaccinated with Sputnik V following extensive work between Ministry of Health of Saudi Arabia and RDIF, supported by the Ministry of Investments of Saudi Arabia
MOSCOW, Dec. 5, 2021 /PRNewswire/ -- The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) announces that the Kingdom of Saudi Arabia has granted approval for entry of individuals vaccinated with the Russian Sputnik V vaccine starting from January 1, 2022. Saudi Arabia joined 101 other countries approving entry of individuals vaccinated with the [...]
Godrej Properties ties up with TDI group for luxury housing project at Connaught Place in Delhi
New Delhi, Dec 6 (PTI) Realty firm Godrej Properties Ltd on Monday said it has entered into a joint venture (JV) with TDI group to build a luxury housing project at Connaught Place in Central Delhi.In a regulatory filing, Godrej Properties informed that the project would have a development potential of about 1.25 lakh square [...]
Facebook: latest court case shows how Europe is clamping down on big tech
Lancaster (UK), Dec 6 (The Conversation) Facebook’s approach to users’ data has just been dealt a major blow from the European court of justice (ECJ). In an answer to a question from Germany’s highest court, the ECJ’s advocate general – whose opinion is not binding but is generally followed by the court – has made [...]
Tata’s chip making plan may hit silicon wafers import walls on surging global shortage: Report
Mumbai, Dec 5 (PTI) The Tata Groups' reported plans to set up a USD 300-million semiconductor manufacturing facility on a wartime basis is likely to face some headwinds given the absence of raw materials in the country and its scarce availability outside due to the ongoing shortage globally since the pandemic, says a report. The [...]
IT Minister asks bankers to create robust, digital platform for easy credit availability to small businesses
New Delhi, Dec 5 (PTI) IT Minister Ashwini Vaishnaw on Sunday exhorted the banking industry to create an innovative digital platform -- as powerful, seamless and robust as UPI -- for providing quick and easy credit to MSME, small businessmen, and those at the bottom of pyramid. The building blocks required to create such a [...]
India to supply 20% more power to Bangladesh
Agartala, Dec 5 (PTI) India will supply 20 per cent more power to Bangladesh as the two countries renewed the contract for another five years, officials said on Sunday.Tripura State Electricity Corporation Limited (TSECL) will supply 192 mw power to Bangladesh, an increase from the earlier 160 mw it supplied, as per the renewed agreement.India [...]
LIC improves asset quality ahead of IPO; lowers net NPA to 0.05%
New Delhi, Dec 5 (PTI) Ahead of its proposed initial public offering (IPO), insurance behemoth LIC has improved its asset quality for the financial year ended March 2021. The non-performing assets (NPAs) as of March 31, 2021, are Rs 35,129.89 crore out of a total portfolio of Rs 4,51,303.30 crore, according to the latest Annual [...]
Reverse repo status quo needed to give more time for economic recovery to strengthen: Report
Mumbai, Dec 5 (PTI) Amid the rising scare from the new coronavirus variant Omicron and ahead of the MPC meet, SBI house economists have urged the central bank to delay liquidity normalisation measures through a reverse repo hike, as such a "prudent step" in the current situation will give more time for economic recovery to [...]
RSWM to foray into knitted fabric, to pump Rs 700 crore in 2-3 years
Kolkata, Dec 5 (PTI) RSWM Ltd, a group company of the LNJ Bhilwara, is foraying into knitted fabric in line with the demand trend which will contribute Rs 800 crore to its topline over the next two to three years, a senior company official said on Sunday. One of the largest makers and exporters of [...]
Govt expands SCALE committee, appoints 3 new members
New Delhi, Dec 5 (PTI) The government has expanded the SCALE committee (Steering Committee for Advancing Local Value-Add and Exports) by adding three new members, hailing from diverse industry backgrounds, according to an industry insider. The new appointees are Panasonic India Chairman and CEO Manish Sharma, Toyota Kirloskar Vice-Chairman Vikram S Kirloskar, and Asian Paints [...]
Footwear retailer Metro Brands IPO to open on Dec 10
New Delhi, Dec 5 (PTI) The initial share-sale of footwear retailer Metro Brands Ltd, which is backed by Rakesh Jhunjhunwala, will open for public subscription on December 10. The initial public offering (IPO) will conclude on December 14, according to the red herring prospectus. The initial share-sale comprises fresh issuance of equity shares worth Rs [...]
LG to strengthen market share in washing machine segment
New Delhi, Dec 5 (PTI) Home appliances and consumer electronic maker LG is strengthening its lead in the washing machine segment as the new players enter the market, and the category witnesses a shift towards premium and bigger capacity models, said a company official. In the coming years, LG Electronics India will focus on a [...]
Tata Motors, Honda mulling price hike from next month
New Delhi, Dec 5 (PTI) With input costs continuing to rise, automakers like Tata Motors, Honda and Renault are looking to increase vehicle prices from January next year to offset the impact. Already, car market leader Maruti Suzuki and luxury automakers Audi and Mercedes-Benz have announced to hike vehicle prices from next month. While Maruti [...]
AuthBridge raises $7mn funding from Phi Capital
New Delhi, Dec 5 (PTI) AuthBridge, which offers identity authentication products, on Sunday said it has raised USD 7 million (about Rs 52.6 crore) in funding from Delhi-based Phi Capital. The series B funding is directed through Phi Capital Growth Fund (PCGF)-1, a statement said. The capital raised will be leveraged to invest in technology, [...]
Prolonged waiting period due to semiconductor shortage can have negative impact on vehicle demand: Maruti
New Delhi, Dec 5 (PTI) Longer waiting periods with semiconductor shortage affecting production can have a negative impact on car demand, although the supply constraints of chips have gradually improved over the last few months, according to a senior official of car market leader Maruti Suzuki India. The company currently has a pending order of [...]
Excavation work has started in 3 coal blocks in Jharkhand: Official
Ranchi, Dec 5 (PTI) Excavation work has started in three out of 29 coal blocks of Jharkhand, according to a senior official of the Ministry of Mines. Additional Secretary in the Union Ministry of Mines, M Nagaraju called on Jharkhand Chief Minister Hemant Soren on Saturday and informed him that excavation work has already started [...]
SBI invites bids to sell NPA account KSK Mahanadi Power with dues over Rs 4,100 cr
New Delhi, Dec 5 (PTI) SBI has invited bids from asset reconstruction companies, and other financial institutions to sell an NPA account KSK Mahanadi Power Company, with total outstanding against the company standing over Rs 4,100 crore. "In terms of the bank's policy on sale of financial assets, in line with the regulatory guidelines, we [...]
IT Startup Fareye expects to turn unicorn in a year, sees strong business growth in US
New Delhi, Dec 5 (PTI) IT startup Fareye expects to turn unicorn within next six to 12 months based on the revenue growth trend the company is recording, which is mainly driven by business in the US. Fareye CEO and co-founder Kushal Nahata told PTI the company has doubled its team size in the US [...]
Cybersecurity firm Inspira Enterprise plans to float IPO this month
New Delhi, Dec 5 (PTI) Cybersecurity firm Inspira Enterprise India, which plans to launch its Rs 800-crore IPO this month, will use the funds garnered through the fresh issue for expanding its presence geographically, especially in the US, its senior official said on Sunday. At present, the Mumbai-based company has presence in six countries such [...]
US makes it mandatory for all incoming passengers to carry negative COVID-19 test report
Washington, Dec 5 (PTI) The US has made it mandatory for all incoming passengers, including those from India, to carry a negative COVID-19 test report or a proof of recovery from the contagion amidst rising number of cases of the new Omicron variant. The new protocol comes into effect from December 6, the Centers for [...]
RBI rate decision, Omicron worries to drive stocks this week: Analysts
New Delhi, Dec 5 (PTI) Volatility is likely to continue in the stock market this week amid Omicron uncertainty and the RBI monetary policy meeting will be a key driver for benchmark indices going ahead, say analysts. It will be an event-packed week for the markets, with RBI policy and several macroeconomic numbers scheduled to [...]
Time of extreme pain in India, economy below 2019 levels: Abhijit Banerjee
Ahmedabad, Dec 4 (PTI) People in India are in "extreme pain" and the economy is still below the 2019 levels, Nobel laureate economist Abhijit Banerjee said on Saturday.He was virtually addressing students of Ahmedabad University during the varsity's 11th annual convocation which was also held online.Sharing his observations from a recent visit to West Bengal, [...]
IIT-Kharagpur reports highest placements, maximum offer at Rs 2.4cr
Kolkata, Dec 4 (PTI) Indian Institute of Technology-Kharagpur said on Saturday that this year it has recorded highest placement offers in the history of IITs with the maximum packages being in the range of Rs 2-2.40 crore per annum.IIT-Kharagpur recorded over 1,100 placement offers, it said in a statement."Despite the ongoing pandemic situation, IIT-Kharagpur bagged [...]
Agri exports rise by 13% in Apr-Nov
New Delhi, Dec 4 (PTI) India's exports of agricultural and processed food products rose by more than 13 per cent during April-November this fiscal to USD 23.26 billion, the commerce ministry said on Saturday. The export of rice was the top forex earner at USD 5.93 billion during April-November 2021-22, growing 11 per cent over [...]
Did not violate Centre’s COVID-19 guidelines: American Airlines on Delhi govt notice
New Delhi, Dec 4 (PTI) A day after being issued a show-cause notice for allegedly flouting the Centre's COVID-19 guidelines, American Airlines on Saturday said its New York-Delhi flight, against which the charge has been levelled, complied with all norms.The New Delhi district administration on Friday issued a show-cause notice to the airline for alleged non-compliance [...]
Automotive R&D body working on developing fast chargers for EVs: Union minister
Canacona (Goa), Dec 4 (PTI) Automotive research and development body Automotive Research Association of India (ARAI) is working on developing fast chargers for e-vehicles, Heavy Industries Minister Mahendra Nath Pandey said on Saturday. The Pune-based autonomous institution has already developed a prototype of the product, he told PTI on the sidelines of the 'Round Table [...]
MSME minister urges entrepreneurs to grab opportunity created by closure of plants in China
Ahmedabad, Dec 4 (PTI) Union Minister of Micro, Small and Medium Enterprises (MSME) Narayan Rane on Saturday urged Indian entrepreneurs to take advantage of closure of factories in China.Indian industrialists should start manufacturing the products which are no longer produced in China, he said, speaking at an event at the Entrepreneurship Development Institute of India [...]
Indiabulls Housing Finance to raise Rs 1,000 cr
New Delhi, Dec 4 (PTI) Indiabulls Housing Finance on Saturday said it will raise up to Rs 1,000 crore through a public issue of bonds that opens next week. The base issue size of the bonds, in the nature of secured redeemable non-convertible debentures (NCDs), is of Rs 200 crore with an option to retain [...]
Dalmia Cement (Bharat) partners with gram panchayats in Bokaro for climate action initiatives
Mumbai, Dec 4 (PTI) Dalmia Cement (Bharat) on Saturday said it has partnered with 16 villages and six gram panchayats in Bokaro to drive its numerous social and climate action initiatives that are positively impacting 20,000 lives across the state. The company had recently signed Memoranda of Understanding with the Jharkhand government to make an [...]
Pakistan receives USD 3 billion from Saudi Arabia to help stabilise country’s economy: Official
Islamabad, Dec 4 (PTI) Cash-strapped Pakistan on Saturday received USD 3 billion from Saudi Arabia as part of a financial assistance sought from the Kingdom to stabilise the country's economy, according to a senior government official.Saudi Arabia’s financial support to Pakistan comes more than one month after Prime Minister Imran Khan visited Riyadh and held [...]
Goa: state-run transport corporation gets second lot of electric buses
Panaji, Dec 4 (PTI) Goa's Kadamba Transport Corporation (KTCL) on Saturday received the second lot of electric buses fitted with features like electronically controlled air suspension, CCTV cameras, and the emergency button to ensure the safety of commuters. Goa Chief Minister Pramod Sawant flagged off these buses during a round table to promote an electric [...]
CIDCO gets blanket NOC from AAI on height of buildings in Navi Mumbai airport rehabilitation area
Thane, Dec 4 (PTI) Maharashtra's town planning authority, CIDCO, has obtained a blanket NOC from the Airport Authority of India (AAI) regarding the permissible heights for the buildings in the rehabilitation area of 2015, which it said will accelerate the development of the Navi Mumbai international airport (NMIA) rehabilitation and resettlement area. The validity of [...]
Indian economy fastest in world to come out of Covid pandemic impact: Shah
New Delhi, Dec 4 (PTI) The Indian economy is the fastest in the world to come out of the impact of the coronavirus pandemic because of policy decisions taken by the Modi government, Home Minister Amit Shah said on Saturday. Delivering the keynote address at the Hindustan Times Leadership Summit here, Shah said Prime Minister [...]
Automotive R&D body ARAI working on developing fast chargers for e-vehicles: Heavy Industries Minister
Canacona (Goa), Dec 4 (PTI) Automotive research and development body Automotive Research Association of India (ARAI) is working on developing fast chargers for e-vehicles, Heavy Industries Minister Mahendra Nath Pandey said on Saturday. The Pune-based autonomous institution has already developed a prototype of the product, he said in a reply to a PTI query at [...]
Dish TV to hold AGM on Dec 30
New Delhi, Dec 4 (PTI) Direct-to-Home service provider Dish TV, which is facing a notice from its largest shareholder Yes Bank to reconstitute its board, has said it would convene its Annual General Meeting on December 30. "The board of directors of the company vide circular resolution dated December 3, 2021 have approved the convening [...]
Goyal reviews preparedness for cyclone Jawad
New Delhi, Dec 4 (PTI) Union minister Piyush Goyal on Saturday reviewed the arrangements and preparations made by state governments of Andhra Pradesh, Odisha and West Bengal to deal with cyclone Jawad.Industry associations like CII, FICCI, ASSOCHAM and PHD Chambers were also represented at the conference. The minister underscored the need for drawing of a [...]
Labour minister launches annual health check-up programme for ESIC members aged above 40
New Delhi, Dec 4 (PTI) Union Labour Minister Bhupender Yadav on Saturday launched annual preventive health check-up programme for Employees' State Insurance Corporation's insured members aged 40 years and above in pilot mode at ESI hospitals in Ahmedabad, Faridabad, Hyderabad and Kolkatta. Besides, in the ESIC's 186th meeting here chaired by Yadav, a proposal was [...]
Over 550 applicants for BEE energy conservation awards
New Delhi, Dec 4 (PTI) More than 550 applicants are in fray for the BEE energy conservation awards that have been instituted to push industries and sectors to develop innovative energy efficiency efforts in their units as well as reduce power consumption, the Power Ministry said on Saturday. Under the National Energy Efficiency Innovation Awards [...]
Omicron-concerned Singapore stops VTL travel for work pass holders
Singapore, Dec 4 (PTI) Singapore government on Saturday said employers of S Pass and work permit holders in construction, marine shipyard and process sectors will not be allowed to make new applications for their employees to enter the country via the vaccinated travel lanes (VTL). The decision by the Ministry of Manpower (MOM) comes in [...]
UP Cabinet approves Atma Nirbhar Krishak development scheme
Lucknow, Dec 4 (PTI) Ahead of the upcoming 2022 Assembly elections in the state, the UP Cabinet has approved a scheme aimed at boosting the agriculture sector, which will be implemented from the current financial year. In a meeting chaired by Chief Minister Yogi Adityanath, the Cabinet on Friday gave its nod to implement Atma [...]
An Eclectic Blend of Fashion, Films, Art, Music, and the Human Spirit at CFBP Consumer Film Festival 2021
Mumbai, Maharashtra, India (NewsVoir) It was a celebration of human spirit in every way, at the recently concluded CFBP Consumer Film Festival’s Awards Night, at the Taj Land’s End, Bandra, Mumbai. Running into its fourth year now, this initiative by Council for Fair Business Practices (CFBP) celebrates everything, from art to films, fashion and various [...]
To Platinum Red Carpet Jewellery Looks from 2021 Cluster Earrings, Statement Necklaces, and Cocktail Rings
Mumbai, Maharashtra, India (NewsVoir) Platinum jewellery dominated the red carpet this past year as celebrities including Kim Kardashian West, Gemma Chan, Anya Taylor-Joy, and Zendaya returned to full glamour for an array of events. According to Platinum Guild International, the marketing association for platinum jewellery, the most popular jewellery styles were cluster earrings, statement necklaces [...]
Cases should be taken to logical conclusion expeditiously: FM to DRI
New Delhi, Dec 4 (PTI) Finance Minister Nirmala Sitharaman on Saturday urged officials of intelligence wings to take every case to logical conclusion expeditiously, so that it can deter perpetrators of economic crime like smuggling. Speaking at the 64th DRI Foundation Day, the Finance Minister said logical conclusion is important but speedier conclusion is what [...]
SENS Clinic Joins Hands with Bollywood’s Favourite Acupuncturist Dr. Jewel Gamadia
Brings health & wellness magic of Bollywood into Delhi New Delhi, Delhi, India (NewsVoir) SENS Clinic, a state-of-the-art dermatology clinic and benchmark in Age management solutions in the national capital, is proud to announce its partnership with Dr. Jewel Gamadia, a leading alternative medicine expert and a name that is synonymous with beauty to Bollywood [...]
Omg, Omicron! Why it’s too soon to panic about COVID vaccines and the new variant
Brisbane, Dec 4 (The Conversation) Researchers around the world are trying to work out whether existing COVID vaccines protect us from the latest variant, Omicron.The worst-case scenario is the virus has mutated so much in the crucial parts of its genome that it can escape COVID vaccines designed to protect us from earlier versions of [...]
Goa CM launches Electricity Mobility Promotion Policy to promote e-vehicle usage
Canacona (Goa), Dec 4 (PTI) Goa Chief Minister Pramod Sawant on Saturday launched Goa Electricity Mobility Promotion Policy 2021 here to promote usage of e-vehicles. He launched the policy at the 'Round Table To Promote Electric Mobility' event organised by the Ministry of Heavy Industries. The policy's [...]
Birla Estates Lights up Mumbai Skyline with an Eye-Catching Drone Show
A unique and innovative spectacle announcing the launch of Birla Estates flagship project, Birla Niyaara, in Worli Mumbai, Maharashtra, India – Business Wire India Birla Estates, 100% wholly owned subsidiary of Century Textiles and Industries Limited (CTIL), lit up Mumbai’s Skyline with a unique drone show announcing the next chapter in brand’s legacy, the launch [...]
Nehru World School, Ghaziabad Becomes The 1st PASCH Certified School in U.P.
Ghaziabad, Uttar Pradesh, India (NewsVoir) Nehru World School (NWS) celebrates being honoured as a school within the PASCH network, a cooperative organization of schools around the globe that promote the teaching of German as a foreign language and who are supported by the German Federal Foreign Office. The ceremony took place on 29th November 2021 [...]
China Matters Documents Past and Present of Zhongshan City
What makes Zhongshan city special? What makes it different? BEIJING, Dec. 3, 2021 /PRNewswire/ -- Zhongshan is the birthplace of China's 1911 revolution that ended the country's thousands of years of imperial rule. The city is named after Dr. Sun Yat-sen who led the charge to change China's course of history. And decades on, he [...]
India exemplary in publishing its foreign exchange market intervention: US Treasury
By Lalit K Jha Washington, Dec 4 (PTI) India has been exemplary in publishing its foreign exchange market intervention, the US Treasury Department said on Friday adding that New Delhi should allow the exchange rate to move flexibly to reflect economic fundamentals. "The (Indian) authorities should allow the exchange rate to move flexibly to reflect [...]
Will support Zambian govt in green energy transition goals: Vedanta
New Delhi, Dec 3 (PTI) Vedanta, a global natural resources company, on Friday said it supports the Zambian government in its green energy transition goals. The company is encouraged by the steps already taken by the government, including appointment of the Green Economy and Environment Minister and is aligned to further initiatives that have been [...]
Delhi Customs intercepts Pak-origin smuggled cosmetic goods worth Rs 1.2 cr
New Delhi, Dec 3 (PTI) Delhi Customs has intercepted Pakistan-origin smuggled cosmetic goods weighing 2,800 kg worth Rs 1.2 crore, the finance ministry said on Friday. Acting on specific intelligence, officers of the Air Cargo Export Commissionerate intercepted an import consignment at New Courier Terminal on November 29. "A case of outright smuggling of Pakistan [...]
Mangalore Refinery to acquire bonds worth up to Rs 1,000 cr of subsidiary
New Delhi, Dec 3 (PTI) Mangalore Refinery and Petrochemicals Ltd on Friday said it has received board approval to acquire compulsory convertible debentures worth up to Rs 1,000 crore issued by its subsidiary ONGC Mangalore Petrochemicals Limited (OMPL). "...the Board has approved...acquisition of up to 100% of CCD issued by OMPL, a wholly owned subsidiary [...]
MoS IT launches India’s first indigenous server Rudra
New Delhi, Dec 3 (PTI) Minister of State for Electronics and IT Rajeev Chandrasekhar on Friday launched the first indigenous server, Rudra, developed by the Centre for Development of Advanced Computing (C-DAC) under the National Supercomputing Mission (NSM). The server design can be used for manufacturing classical standalone commercial servers and also as building blocks [...]
CCI closes case against Intel; finds no evidence of unfair biz practices
New Delhi, Dec 3 (PTI) The Competition Commission on Friday closed a four year-old case against Intel Corporation after concluding that there was no abuse of dominant position by the chip maker. "The Commission is of the opinion that no case of contravention of the provisions of Section 4 of the Act by the OP [...]
Credit card spends jump 12% to cross Rs 1 lakh crore mark for first time
Mumbai, Dec 3 (PTI) Credit card spends grew 12 per cent in October to cross for the first time the Rs 1 lakh-crore-mark, driven by a steep 26 per cent growth in the previous month led by ICICI Bank and HDFC Bank, says a report. The banking system saw a net addition of 13,36,000 new [...]
Morepen gets USFDA nod to market generic anti-allergy drug
New Delhi, Dec 3 (PTI) Drug firm Morepen Laboratories on Friday said it has received approval from the US health regulator to market its generic anti-allergy drug in the American market.The company sells the product in India under the Fexopen brand (Fexofinadine Hydrochloride).Morepen's product is the generic version of Sanofi Aventis' anti-allergy drug Allegra.Fexofinadine is [...]
Tata Motors delivers 60 Ultra Urban electric buses to Ahmedabad Janmarg
Mumbai, Dec 3 (PTI) Home-grown auto major Tata Motors on Friday delivered 60 Ultra Urban electric buses to Ahmedabad Janmarg Limited (AJL) which will run on Ahmedabad's Bus Rapid Transit System (BRTS) corridor. Tata Motors will also be setting up required charging infrastructure and support systems to ensure smooth functioning of the 24-seater 9/9 e-buses, [...]
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