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Bulk Deal: 3 Stocks jump up to 7% after FII and DII buy stake in the companies
Today, Tuesday, August 6, Indian benchmark indices closed with slight losses in a highly volatile session. Nifty fell below 24,000. At the close of trade, the Sensex fell 166.33 points or 0.21 percent to 78,593.07. Nifty was seen falling 63.05 points or 0.26 percent at 23,992.55. Here are the stocks that jumped 7% after Smallcap [...]
Agrochemical stock jumps 6% after receiving 20 year patent for crop protection
The shares of this Pharma company surged more than 6 percent to Rs.611.75 after the government granted a 20-year patent to combat fungal diseases that affect crop yields. Price Movement The share price of Best Agrolife Ltd. on Tuesday surged by 6.4 percent to an intra-day high of Rs.611.75 per share from its previous close [...]
Textile stocks that reported net profit growth of up to 181% in Q1
Bangladesh, the world’s second-largest exporter of garments, exported ~$47 billion worth of ready-made garments in 2023. The country holds a substantial market share in the European Union (EU) and the United Kingdom (UK), with a 10 percent market share in the United States (US). However, as the crisis in Bangladesh deepens, its key textile sector—which [...]
EV stock in focus after company’s net profits increases by 89% in Q1
EV stock engaged in designing, manufacturing, and servicing DC Power systems and Li-ion-based energy storage solutions in focus upon declaring its Q1FY25 results with an 89 percent jump in Net Profits. Price Action With a market capitalization of Rs. 4,849 Crores, the shares of Exicom Tele-systems Limited hit a 5 percent lower circuit at Rs. [...]
Small cap stock jumps 15% after company becomes profitable in Q1
The shares of this smallcap stock jumped 15 percent after the company’s revenue increased by 16 percent and net loss turned into profit in Q1FY25. With a market capitalization of Rs 6,853.68 crore, the shares of V-Mart Retail Ltd were trading at Rs 3,456.55 per share, increasing around 6 percent as compared to the previous [...]
Alcohol stock under ₹ 150 in focus after it reports 103% QoQ increase in net profits
Alcohol stock held by Ace Investor Dolly Khanna engaged in the business of brewing, fermentation, bottling, canning, and blending of beer and Indian Made Foreign Liquor, in focus after it reports a 103 percent jump in Net Profits Price Action With a market capitalization of Rs. 2,177 Crores, the shares of Som Distilleries & Breweries [...]
Transformer stock jumps 9% after reporting 1,378% QoQ increase in net profits
The shares of this midcap company surged around 9 percent in Tuesday’s trading session after reporting an increase in net profit by 1,378 percent QoQ. On a YTD basis, the stock has delivered around 100 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 19,220 crores, the shares of Schneider Electric [...]
Tata group stock jumps 3% after it reports ₹ 190 Cr profit against loss of ₹ 840 Cr in previous Qtr
Tata Group stock involved in manufacturing and exporting chemicals surged nearly 3 percent to Rs.1,078.6 per share after gaining profits in Q1 FY25 from net losses incurred in the previous quarter. Share Price Variation In Tuesday’s trading session, the share price of Tata Chemicals Ltd. reached an intra-day high of Rs.1,078.60 per share, from its [...]
Cable stock hits 5% upper circuit after it acquired land for plant expansion
The shares of a leading electrical wires and cables manufacturer touched 5% upper circuit limit following the company's announcement to acquire 8,200 square meters of land for plant expansion. With a market capitalization of ₹651 crore. On Tuesday, V-Marc India Ltd shares hit 5% upper circuit to ₹285.50 per share on the National Stock Exchange. [...]
Pharma stock under ₹ 70 jumps 4% after Morgan Stanley and other FIIs buy stake in the company
Pharma stock engaged in the business of manufacturing, developing, and marketing a wide range of API’s, branded and generic formulations, medical devices, and many more jumped 4 percent in the day’s trade after foreign portfolio investors Morgan Stanley, Bofa securities, and many others invest in the company. Price Action With a market capitalization of Rs. [...]
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
Desai reminds Shelar of UP CM’s visit to Mumbai, says Maha doesn’t snatch industries from other states
Mumbai, Dec 2 (PTI) Maharashtra Industries Minister Subhash Desai on Thursday said the state government does not believe in competing with other states to woo investors. Reacting to BJP leader Ashish Shelar's comments about West Bengal Chief Minister Mamata Banerjee's meeting with industrialists here, Desai reminded him of similar visits by Uttar Pradesh and Gujarat [...]
Desai reminds Shelar of UP CM’s visit to Mumbai, says Maha doesn’t snatch industries from other states
Reacting to BJP leader Ashish Shelar's comments about West Bengal Chief Minister Mamata Banerjee's meeting with industrialists here, Desai reminded him of visits by Uttar Pradeh and Gujarat chief ministers to the city. "Maharashtra doesn't snatch industries from other states. We go to other countries to promote our state as an investment destination," the minister [...]
Wipro Consumer Care – Ventures invests in Soulflower
New Delhi, Dec 2 (PTI) Wipro Consumer Care - Ventures, the venture capital fund of Wipro Consumer Care & Lighting, has signed an agreement to invest in Soulflower, a D2C company operating in the clean beauty space.However, the company has not disclosed the amount.The funds raised will be invested in increasing brand transparency for consumers [...]
Star Health IPO subscribed 79 pc on last day of issue
New Delhi, Dec 2 (PTI) The initial public offering (IPO) of Star Health and Allied Insurance Company Ltd received 79 per cent subscription on the final day of the share-sale on Thursday. Star Health, a leading private health insurer, is owned by a consortium of investors such as Westbridge Capital and Rakesh Jhunjhunwala. The IPO [...]
Nearly 46 lakh unorganised workers registered under PM-SYM scheme
New Delhi, Dec 2 (PTI) Nearly 46 lakh unorganised workers have been registered under the Pradhan Mantri Shram Yogi Maandhan (PM-SYM) pension scheme, according to a statement by the labour ministry. To provide old-age protection in the form of a monthly pension, the government launched the PM-SYM pension scheme in 2019. Under this scheme, a [...]
NHAI invites bids for preparing DPR for constructing Dehradun-Tehri tunnel
New Delhi, Dec 2 (PTI) State-owned National Highways Authority of India (NHAI) has invited bids for preparation of a feasibility-cum-detailed project report for construction of a 30-km long tunnel between Dehradun and Tehri. NHAI said the tunnel would be among the longest highway tunnels in the world. "NHAI has invited bid for preparation of Feasibility report cum DPR for [...]
Dhanlaxmi Bank Part-Time Chairman G Subramonia Iyer resigns
New Delhi, Dec 2 (PTI) Dhanlaxmi Bank on Thursday said its Part-Time Chairman G Subramonia Iyer has resigned, on personal grounds. "G Subramonia Iyer, part-time chairman and independent director of the bank, has submitted his resignation from the board of directors of the bank vide his letter dated December 2, 2021," the bank said in [...]
Gujarat CM invites industries to relocate businesses to state
Mumbai, Dec 2 (PTI) Gujarat Chief Minister Bhupendra Patel on Thursday invited global and domestic industries, which are seeking to relocate their businesses in the post-pandemic times, to the state saying it offers a conducive investment climate and opportunities. Patel was speaking at a road show organised in the city ahead of the 10th edition [...]
BDL and Indian Army sign contract worth Rs 471.41 crore
Hyderabad, Dec 2 (PTI) Bharat Dynamics Limited (BDL) and Indian Army signed a contract worth Rs 471.41 crore for Refurbishment of IGLA - 1M missiles, BDL said here on Thursday. After the Refurbishment, a fresh lease of life will be given to the missile for a period of ten years. The value of the contract [...]
Soaring imports to push CAD to 1.9% this fiscal year : Report
Mumbai, Dec 2 (PTI) Following the record USD 23.27 billion trade deficit in November, a foreign brokerage has increased its current account deficit (CAD) forecast to 1.9 per cent of GDP at USD 60 billion for 2021-22 as compared to USD 45 billion earlier.The government released the trade data on Wednesday which showed that exports [...]
RBI initiates insolvency proceedings against Reliance Capital at NCLT, Mumbai
Mumbai, Dec 2 (PTI) The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law Tribunal. The Reserve Bank had on November 29 superseded the board of Anil Ambani-promoted Reliance Capital Ltd (RCL) in view of payment defaults [...]
Total 1,37,191 accidents occur on national highways in 2019: Gadkari
New Delhi, Dec 2 (PTI) Total 1,37,191 accidents occurred on national highways, including expressways, during the calendar year 2019, Parliament was informed on Thursday. In a written reply to a query in the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said 1,40,843 accidents had occurred on national highways (NHs), including expressways, in 2018. The minister said [...]
Wary of EU’s Global Gateway to rival BRI, China says they can complement each other
Beijing, Dec 2 (PTI) Playing down the likely challenge from the European Union’s ambitious USD 340 billion Global Gateway infrastructure programme to its BRI, a wary China on Thursday extended a guarded response, saying the two initiatives can complement each other to enhance global connectivity. On Wednesday, the European Commission President Ursula von der Leyen [...]
Amended Maha rules provide for institutional quarantine for arrivals from only South Africa, Botswana, Zimbabwe
Mumbai, Dec 2 (PTI) Maharashtra on Thursday amended its air travel rules making seven-day institutional quarantine mandatory for passengers from only three "high-risk" countries -- South Africa, Botswana and Zimbabwe.Earlier, the state government's November 30 order had made institutional quarantine mandatory for passengers arriving from all `at risk' countries in the central government's list in [...]
Anand Rathi Wealth IPO subscribed 1.60 times on Day 1 of offer
New Delhi, Dec 2 (PTI) The initial public offer of Anand Rathi Wealth Limited, part of Mumbai-based financial services group Anand Rathi, was fully subscribed on the first day of subscription on Thursday. The Rs 660-crore initial share-sale received bids for 1,36,00,818 shares against 84,75,000 shares on offer, translating into 1.60 times subscription, according to [...]
ONGC inks pact with SECI to develop renewable, ESG projects
New Delhi, Dec 2 (PTI) In a bid to strengthen its footprint in the renewable space, particularly solar energy, state-owned Oil and Natural Gas Corporation (ONGC) on Thursday signed an agreement with Solar Energy Corporation of India (SECI) to scale up its clean energy projects. The Memorandum of Understanding (MoU) was signed by ONGC Chairman [...]
Cement price likely to rise by Rs 15-20 per bag: Crisil
Kolkata, Dec 2 (PTI) Retail prices of cement is likely to rise again by another Rs 15-20 over the next few months and touch an all-time high of around Rs 400 per bag this fiscal, rating agency Crisil said on Thursday in a sector note. The rise in price has been attributed to inputs commodity [...]
Neuberg Diagnostics expands footprint in North India
New Delhi, Dec 2 (PTI) Neuberg Diagnostics on Thursday announced the launch of ten diagnostics laboratories and over hundred touchpoints across Delhi, Chandigarh, Haryana, and Uttar Pradesh. The diagnostic labs are wholly-owned by Neuberg and are equipped to conduct and process wide variety of tests. Collectively, the 10 laboratories are capable to process about 10,000 [...]
Pawan Kumar takes over as Director (Commercial) at IGL
New Delhi, Dec 2 (PTI) Pawan Kumar has taken over as Director (Commercial) of Indraprastha Gas Ltd, the largest CNG distribution company of the country operating city gas distribution networks in 27 districts of ten geographical areas across Delhi, Uttar Pradesh, Haryana and Rajasthan. Kumar has taken over the position of Director (Commercial) from Amit [...]
COMMODITY PRICES
Mumbai, Dec 2 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 715.00 COPPER HEAVY SCRAPS 705.00 COPPER ARMATURE (CREDIT) 689.00 COPPER UTENSILS SCRAP 631.00 CC ROD 761.00 BRASS :- BRASS SHEET CUTTING 543.00 BRASS UTENSIL SCRAP 483.00 BRASS HONEY 474.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]
Cement prices expected to go up again, may touch all-time high of Rs 400 per bag: Report
New Delhi, Dec 2 (PTI) Cement prices are likely to go up by another Rs 15-20 in the next few months and touch an all-time high of Rs 400 per bag on account of costlier raw materials such as coal and diesel, according to a report by rating agency Crisil. The inflation will also lead [...]
OILSEEDS PRICES
Mumbai, Dec 2 (PTI) OILS (per 10 Kgs) G.Nut Raw 1315.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1190.00 Sunflower Exp.Ref. 1280.00 Cottonseed(Refined) 1220.00 Refined Palm Oil 1172.00 Soyabean Ref. 1205.00 Imp.Soyabean Crude - Rapeseed Ref. 1680.00 Rapeseed Exp. 1650.00 Copra white 1670.00 Rice Bran 4-7% FFA - Rice Bran 1150.00 Linseed 1950.00 Castor [...]
PRICES MUM BULLION CLOSING
Mumbai, Dec 2 (PTI) CLOSING RATES SILVER SPOT (IN RS PER kg): 60789.00 STANDARD GOLD (99.5) : 47410.00 PURE GOLD (99.9) : 47601.00 --------------------- PTI MUM SVC SHW SHW
Registration of homes in Kolkata region down 62pc in Nov; up 79pc in Jan-Nov on stamp duty rebate
New Delhi, Dec 2 (PTI) Registration of residential properties in the Kolkata region fell 62 per cent year-on-year in November to 1,140 units, but it rose by 79 per cent during the January-November period to 40,972 units, according to Knight Frank India. The residential property registrations in Greater Kolkata in the 11-month period of 2021 [...]
Maruti, Merc, Audi to hike vehicle prices from January
New Delhi, Dec 2 (PTI) Car market leader Maruti Suzuki India along with luxury carmakers Mercedes-Benz and Audi on Thursday said they will increase prices from January to offset rising input and feature enhancement costs. While Maruti said the price rise planned for January 2022 will vary for different models, Mercedes-Benz India said its hike [...]
Rupee slips 12 paise to 75.03 per US dollar
Mumbai, Dec 2 (PTI) The rupee on Thursday slipped 12 paise to close at 75.03 against the US dollar, weighed by uncertainties over the Omicron variant of the coronavirus. At the interbank foreign exchange market, the local currency opened at 75.06 and witnessed an intra-day high of 74.90 and a low of 75.07 against the [...]
Heavy industries min organising stakeholders’ meet on Dec 4 in Goa for strategies on EV promotion
New Delhi, Dec 2 (PTI) The heavy industries ministry is organising a conference of all stakeholders, including government officials, industry leaders and start-ups, in Goa on December 4 to work out strategies to promote adoption of electric vehicles and attract investment in manufacturing of EVs, batteries and high-tech auto components, an official statement said on [...]
Nearly 8 cr traffic challans issued after implementation of new motor vehicles act: Gadkari
New Delhi, Dec 2 (PTI) Authorities have issued over 7.67 crore challans for traffic violations across the country in 23 months after the implementation of the Motor Vehicles (Amendment) Act, 2019, Union Minister Nitin Gadkari told Parliament on Thursday. T To improve road safety and tighten traffic regulations such as [...]
Mercedes-Benz India to hike prices of select models by up to 2 pc from Jan 2022
New Delhi, Dec 2 (PTI) German luxury carmaker Mercedes-Benz India on Thursday said it will hike prices of select models by up to two per cent from January 1, 2022, to offset feature enhancement and rising input costs. The company, however, said it is committed to price protection to customers who have booked their cars [...]
Clubhouse rolls out support for Marathi, Bengali, other 11 languages
New Delhi, Dec 2 (PTI) Social audio app Clubhouse on Thursday said it is rolling out the second phase of language localisation to 13 new languages, including Marathi and Bengali. Clubhouse is also bringing an update to the feature formerly known as 'Interests' to now called 'Topics', with a broader, better list of topics that [...]
Sensex extends rally despite weak global cues; HDFC twins sparkle
Mumbai, Dec 2 (PTI) The BSE Sensex defied gravity for the second straight session on Thursday, buoyed by across-the-board buying despite largely negative cues from global peers amid concerns over the Omicron strain of the coronavirus. Building on a positive opening, the 30-share equity benchmark soared 776.50 points or 1.35 per cent to finish at [...]
Bengal mulling policy to encourage innovation: Minister
Kolkata, Dec 2 (PTI) The West Bengal government is actively considering a policy to encourage innovation, the state’s Industry and IT Minister Partha Chatterjee said on Thursday.Chatterjee also said the state is slowly becoming home to a number of unicorns (private entities valued at USD 1 billion or above)."The government is actively considering to come [...]
Adecco supports Plan International’s ‘Saksham’ in its endeavour to upskill youth, especially girls, from urban and rural disadvantaged areas
~ The initiative aims at upskilling training with the intention of empowering the youth with financial independence ~ MUMBAI, India, Dec. 2, 2021 /PRNewswire/ -- Adecco, a leading global workforce provider, is joining hands with Plan India, through their Saksham initiative which undertakes an intensive upskilling program for underprivileged youth. The initiative aims at upskilling [...]
Steel minister meets Mongolian parliamentary delegation, discusses ways to import coking coal
New Delhi, Dec 2 (PTI) Union Steel Minister Ram Chandra Prasad Singh has met a delegation of Mongolian Parliamentary and discussed the possibility of importing good-quality coking coal from the land-locked nation. The Mongolian Parliamentary Delegation is on a seven-day visit to India from November 30, 2021, on the invitation of the Parliament of India, [...]
Drone startup Aarav Unmanned Systems acquires Algopixel Technologies
Mumbai, Dec 2 (PTI) End-to-end drone solutions startup Aarav Unmanned Systems (AUS) on Thursday said it has acquired software solutions provider Algopixel Technologies for an undisclosed amount.The acquisition will accelerate AUS' journey towards building robust and scalable end-to-end solutions for sectors like mining, infrastructure, land records, and precision farming, the platform said in a release.The Bengaluru-based [...]
Price of areca, coconut
Mangaluru, Dec 2 (PTI) Following are areca and coconut prices. Areca (per quintal Old Supari : Rs 49,500 to Rs 52,500 model Rs 51,500 New Supari : Rs 37,500 to Rs 43,500 model Rs 42,000 Koka : Rs 32,500 to Rs 38,000 model Rs 35,000 Coconut [per thousand]: 1st qlty : Rs 20,000 to Rs [...]
Make available all health, education services online: IT secretary to CSC
New Delhi, Dec 2 (PTI) Government-promoted CSC SPV should provide all health and education-related services available online in the country through its franchisees across India, a top Electronics and IT ministry official said Thursday. Ministry of Electronics and IT Secretary Ajay Prakash Sawhney at a CSC event said the government desires to bring all services [...]
Boom Motors aims to sell one lakh units; to strengthen dealership network
Chennai, Dec 2 (PTI): Electric vehicle maker Boom Motors has set a target of selling over one lakh units of its latest bike Boom Corbett in the next one year. Boom Motors has roped in over 60 dealers across the country and has planned to set up an additional 250 dealers by 2022, a company [...]
Total 1,37,191 accidents occurred on National Highways in 2019: Gadkari
New Delhi, Dec 2 (PTI) Total 1,37,191 accidents occurred on National Highways, including expressways during calendar year 2019, Parliament was informed on Thursday. In a written reply to the Lok Sabha, Minister of Road Transport and Highways Nitin Gadkari said 1,40,843 accidents occurred on National Highways (NHs), including expressways in 2018. The minister said about 3,400 km NHs have [...]
Honda Motor sets up battery sharing subsidiary in India
New Delhi, Dec 2 (PTI) Japanese auto major Honda Motor Co on Thursday said it has set up a battery sharing service subsidiary in India with a capital of Rs 135 crore.The new subsidiary, Honda Power Pack Energy India Pvt Ltd, will offer battery sharing service for small mobility, which will accelerate the penetration of [...]
Indian sugar mills not signing further export contracts due to fall in global prices: ISMA
Indian sugar mills are not signing further export contracts in the ongoing 2021-22 marketing year due to a fall in global prices to below 20 cents per pound level, industry body ISMA said on Thursday. Indian Sugar Mills Association is the premier sugar organization in India. It establishes a connection between Government and Sugar industry. [...]
Canara Bank raises Rs 1,500 crore via Basel-III compliant bond
New Delhi, Dec 2 (PTI) State-owned Canara Bank on Thursday said it has raised Rs 1,500 crore by issuing Basel-III compliant bonds."Our bank came out with issuance of Rs 1,500 crore of additional tier I bonds on 30th November 2021. "The bank received total bid amount of Rs 4,699 crore, out of which full issuance [...]
IntrCity SmartBus & Daimler India to launch inter-city buses prefitted with mobility OS
Chennai, Dec 2 (PTI): Leading inter-city mobility brand IntrCity on Thursday announced its partnership with commercial vehicle manufacturer Daimler India to launch inter-city buses prefitted with mobility operating system, besides providing best-in-class safety and comfort to travellers.The partnership intends to accelerate the adoption of technology within the mobility sector and benefits the bus operators which [...]
IPO-bound footwear firm Metro Brands aims to utilise Rs 250-cr for store expansion
New Delhi, Dec 2 (PTI) Footwear retailer Metro Brands Ltd, which is likely to come out with its initial share-sale by the end of the month, will utilise Rs 250 crore from the proceeds towards opening 219 stores in the next two-and-half years, its senior official said on Thursday. At present, the company has 586 [...]
Audi to hike vehicle prices by up to 3 pc from January
New Delhi, Dec 2 (PTI) German luxury carmaker Audi on Thursday announced a price increase of up to 3 per cent across its entire model range, effective from January 1 next year, owing to a rise in input and operational costs.The company currently sells models like A4, A6, A8 L, Q2, Q5, Q8, S5 Sportback, [...]
Maruti Suzuki to hike vehicle prices from January
New Delhi, Dec 2 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said it will increase vehicle prices from January next year to offset the impact of the rise in input costs.The price increase would vary from model to model, the auto major said, without sharing the details."Over the past year, the [...]
Gujarat CM invites industries to relocate businesses to state
Mumbai, Dec 2 (PTI) Gujarat Chief Minister Bhupendra Patel on Thursday invited global and domestic industries, which are seeking to relocate their businesses in the post-pandemic times, to the state saying it offers a conducive investment climate and opportunities. Patel was speaking at a road show organised in the city ahead of the 10th edition [...]
PRICES MUM BULLION OPEN
Mumbai, Dec 2 (PTI) SILVER SPOT (IN RS PER kg): 60727.00 STANDARD GOLD (99.5) : 47427.00 PURE GOLD (99.9) : 47618.00 -------------------- PTI MUM SVC SHW SHW
Refined soya oil futures fall on low demand
New Delhi, Dec 2 (PTI) Refined soya oil prices on Thursday fell by Rs 9.10 to Rs 1,186.9 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in December declined by Rs 9.10, or 0.76 per [...]
Guar seed futures decline on low demand
New Delhi, Dec 2 (PTI) Guar seed prices on Thursday went down by Rs 166 to Rs 5,725 per 10 quintal in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery was trading at Rs 5,725 down by Rs 166, or 2.82 per cent per 10 quintal with an [...]
Guar gum futures fall on low demand
New Delhi, Dec 2 (PTI) Guar gum prices on Thursday fell Rs 356 to Rs 10,126 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 356, or 3.40 per cent, [...]
Cottonseed oil futures fall on soft demand
New Delhi, Dec 2 (PTI) Cottonseed oil cake prices on Thursday declined by Rs 47 to Rs 2,696 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. [...]
ADB gets Rs 15 cr-grant from JFPR for urban primary healthcare usage across India
New Delhi, Dec 2 (PTI) Asian Development Bank (ADB) has received a grant of nearly Rs 15 crore from Japan Fund for Poverty Reduction (JFPR), which will be utilised to enhance urban primary healthcare usage across India. The Japan Fund for Poverty Reduction (JFPR) has approved a USD 2 million (nearly Rs 15 crore) technical [...]
IFFCO number one cooperative in world
New Delhi, Dec 2 (PTI) Fertiliser major IFFCO on Thursday said it has been ranked number one cooperative among the top 300 cooperatives in the world.The ranking is based on the ratio of turnover over the gross domestic product (GDP) per capita, Indian Farmers Fertiliser Cooperative Limited (IFFCO) said in a statement.The ranking is as [...]
MYRE Capital helps investors to acquire Rs 31cr office space in Mumbai; its AUM crosses Rs 100cr
New Delhi, Dec 2 (PTI) MYRE Capital, which facilitates investors to have fractional ownership of commercial properties, has raised Rs 31 crore from high net-worth individuals for the purchase of nearly 18,000 square feet of office space in Mumbai and announced that its asset under management (AUM) has crossed Rs 100 crore mark. Mumbai-based MYRE [...]
Sangam India to invest Rs 137.2 cr for expansion of manufacturing facility
Mumbai, Dec 2 (PTI) PV dyed yarn and seamless apparel producer Sangam India Ltd (SIL) on Thursday announced a Rs 137.25-crore plan for the expansion of its manufacturing facility. This expansion plan, approved by the board of directors, will witness infrastructure development at SIL's manufacturing facility in Bhilwara, Rajasthan, the company said in a statement. [...]
Crude oil futures gain on spot demand
New Delhi, Dec 2 (PTI) Crude oil prices on Thursday rose by Rs 7 to Rs 5,013 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 7, or 0.14 per cent, to Rs 5,013 per barrel in 6,947 [...]
HUL switches to green fuel; becomes coal free across operations
Leading FMCG firm Hindustan Unilever Limited (HUL) on Thursday said it has switched to green fuel alternatives such as biomass and biodiesel and has eliminated the usage of coal across its operations. For this purpose, the company has collaborated with biomass suppliers and local farmers to ensure a sustainable supply of green fuel and has [...]
Indian biogas industry can help reduce waste at landfill sites by 50 pc: IBA
New Delhi, Dec 2 (PTI) Indian Biogas Association (IBA), an industry body of operators, manufacturers and planners of biogas plants, on Thursday said that the biogas industry can help reduce waste landing at landfill sites by almost 50 per cent in next three years. The per capita generation of waste in India stands at 0.4 [...]
You can now buy sovereign gold on RBI Retail Direct Portal also
Mumbai, Dec 2 (PTI) The sovereign gold bond can now also be subscribed on the newly launched RBI Retail Direct Portal. Subscription of the Sovereign Gold Bond Scheme 2021-22 - Series VIII is currently open. "The Sovereign Gold Bond Scheme 2021-22 - Series VIII, which is open for subscription till December 3, 2021, is also [...]
Tata Power, ama Stays & Trails tie up to set up EV charging stations
New Delhi, Dec 2 (PTI) Tata Power has collaborated with amã Stays & Trails, India’s first branded homestay portfolio by Indian Hotels Company Ltd, to set up EV charging stations at over 30 of its villas and heritage bungalows across 11 destinations. A rising demand for sustainable transport infrastructure has resulted in an increasing number [...]
Crystal Crop completes acquisition of 4 hybrid seeds from Bayer
New Delhi, Dec 2 (PTI) Agro-chemical firm Crystal Crop Protection Ltd (CCPL) on Thursday said it has completed the acquisition of four hybrid seeds -- cotton, mustard, pearl millet and grain sorghum -- from global life sciences firm Bayer in India. The seed business acquired by CCPL represents a very small portion of Bayer's Indian [...]
Shriram City Union Finance disburses highest ever loan worth Rs 1,022 cr in Nov
New Delhi, Dec 2 (PTI) Shriram group's two-wheeler financing arm Shriram City Union Finance disbursed the highest ever loans worth Rs 1,022 crore in November, the company said on Thursday.Shriram City Union Finance has disbursed the highest ever loans amounting to Rs 1,022 crore for 1.6 lakh two-wheelers in November 2021. This is the second [...]
Coal stocks improve at power plants in November, says Power Minister
New Delhi, Dec 2 (PTI) Coal stocks at over 136 power plants in the country improved to 18.95 million tonne (MT) in November this year as compared to the previous two months, Parliament was informed on Thursday. Stock of coal at these plants was 10.37 MT in September and 8.07 MT in October. "As on [...]
Asia Today Research and Media Felicitated the Winners of the Asian Healthcare Summit and Awards-2021 and Pandemic Bravery Awards 2021
New Delhi, Delhi, India – Business Wire India Asia Today Research & Media organized the Asian Healthcare Summit & Awards 2021 & Pandemic Bravery Awards 2021 Ceremony at Shangri-La’s Eros, Delhi. Health experts shared their opinion on the possibility of COVID at Asia Healthcare Summit & Awards 2021 Ceremony organized by Asia Today Research. The [...]
Public capex turns the corner; Central spending seen jumping 12% over pre-pandemic level: Report
Mumbai, Dec 2 (PTI) Indicating durable recovery to the pre-pandemic levels, the public Capex cycle has turned the corner with the Central and states capital expenditure nearly crossing FY20 levels, growing faster than the gross domestic product rate, according to a report.While the Central Capex has already crossed the pre-pandemic trendline, states too should do [...]
ReNew Power partners with L&T for green hydrogen business
New Delhi, Dec 2 (PTI) ReNew Power and Larsen & Toubro (L&T) have inked partnership agreement to develop, own, execute and operate green hydrogen projects jointly in India. S N Subrahmanyan, CEO and MD of L&T said, "This partnership with ReNew is a significant milestone in the journey towards building a green energy portfolio for [...]
NeML partners with FINCHAIN for trade financing
New Delhi, Dec 2 (PTI) NCDEX e-Markets Ltd (NeML) on Thursday announced signing of an agreement with FINCHAIN Technologies to provide collateral-free trade finance at competitive rates to participants on its platform. As per the agreement, FINCHAIN will make available bill discounting and trade-financing options to buyers and sellers on various NeML online spot delivery-based [...]
Euler Motors bags order for 1,000 EV three-wheeler cargo vehicle from MoEVing
New Delhi, Dec 2 (PTI) Electric vehicle maker Euler Motors on Thursday said it has bagged an order for 1,000 units of its recently launched HiLoad EV three-wheeler cargo vehicle from MoEVing.Gurgaon-based MoEVing, a holistic technology player focused on full-stack solutions for mass EV adoption, will deploy these vehicles across India.The vehicle delivery from Euler [...]
Omicron: FICCI calls for adoption of uniform policy pan-India
New Delhi, Dec 2 (PTI) Industry body FICCI on Thursday urged the government to ensure that a uniform policy is being followed across the country in the wake of the emergence of the Omicron variant of the COVID virus, especially at all entry points, as any deviation at a state, city or municipal level will [...]
Dr. M M Yusuf Brings Cutting-Edge Robotic Cardiac Surgery within Reach of the Common Man in India
Chennai, Tamil Nadu, India (NewsVoir) When Mr. Prasad, a 55-year-old heart patient in need of a bypass, first heard of ‘robotic heart surgery', he assumed that it was only for the uber-rich. He also had his doubts about its safety, and thought only a gullible person would put their hearts in the hands of a [...]
All Reality On-Demand Streaming Service hayu Launches in India
NBCUniversal’s ad-free subscription offering is now available in 28 territories Mumbai, Maharashtra, India (NewsVoir) hayu - the all-reality TV and ad-free subscription video-on-demand (SVOD) streaming service from NBCUniversal – has launched in India. Launching direct-to-consumer (DTC) on a full array of devices: mobile, tablet, laptop, connected TVs and selected consoles, hayu will be available, for [...]
Magenta in partnership with Omega Seiki Mobility deploys 100 electric cargo vehicles
New Delhi, Dec 2 (PTI) Integrated electric vehicle solutions firm Magenta on Thursday said it has deployed 100 electric cargo vehicles under its EVET brand in Bengaluru, in partnership with Omega Seiki Mobility. Magenta, which launched its e-mobility platform under the EVET (Electric Vehicle Enabled Transport) brand earlier this year, said it plans to have [...]
Uber, WhatsApp partner to launch ride-booking via WhatsApp in India
New Delhi, Dec 2 (PTI) Uber and WhatsApp on Thursday announced a partnership that will allow people in the country to book a ride via WhatsApp - a global-first initiative by the ride-hailing platform.With this integration, riders will no longer need to download or use the Uber app. Everything - from user registration, booking a [...]
2021 IYFSD Global Call for Creative Works: Entries Themed ‘My Beautiful Hometown’
NANJING, China, Dec. 1, 2021 /Xinhua-AsiaNet/-- The 2021 IYF Special Dialogue in Nanjing is now launching a call for entries themed as "My Beautiful Hometown". As a great opportunity for young people along the silk roads to present the charm of their hometowns to a global audience, it is an ideal platform for them to [...]
Maruti Suzuki to hike vehicle prices from January to offset rise in input costs
New Delhi, Dec 2 (PTI) The country's largest carmaker Maruti Suzuki India (MSI) on Thursday said it is planning to increase vehicle prices from January next year to offset the impact of the rise in input costs.The price increase would vary from model to model, the auto major said, without sharing the details."Over the past [...]
NEWSALERT
Maruti Suzuki to hike vehicle prices from January to offset rise in input costs: Regulatory filing. PTI MSS BAL BAL
Capital Trust Limited announces Expansion in Branch Network
NEW DELHI, Dec. 2, 2021 /PRNewswire/ -- Capital Trust Limited (Capital Trust), a digitally enabled non-banking finance company (NBFC), specialising in providing income-generating micro business loans in tier 3-5 regions, recently enhanced its branch network by opening 71 New branches. Out of these, 20 New branches were opened in Eastern UP; 21 in Bihar; 13 [...]
Lanka offers incentive for remittances as it struggles to contain severe foreign exchange crisis
Colombo, Dec 2 (PTI) Sri Lanka's central bank has offered an incentive to overseas workers who remit money through formal channels as part of its efforts to address the unprecedented foreign exchange crisis faced by the island nation. The Central Bank of Sri Lanka (CBSL) said it has "decided to pay an incentive of Rs [...]
Immensitas Private Limited Raises $2.3M in Pre-series A1 Round
BOSTON, Dec. 2, 2021 /PRNewswire/ -- Immensitas Private Limited has raised $2.3M in a Pre-Series A1 round co-led by growx ventures, Artha Venture Fund (AVF), and DSP Investment Managers Pvt. Ltd. The round also saw participation from LogX Ventures and Atrium Angels, the ISB alumni sponsored micro VC fund. In July, the company had raised [...]
NSE Indices launches new Nifty Bharat Bond index
New Delhi, Dec 2 (PTI) NSE's index services subsidiary, NSE Indices Limited, on Thursday said it has launched one more index under the Nifty Bharat Bond index series. The Bharat Bond index series follows a target maturity date structure wherein each index in the series measures the performance of a portfolio of "AAA" rated bonds issued [...]
Lupin acquires exclusive rights to develop, manufacture TTP inhalation products
New Delhi, Dec 2 (PTI) Pharma major Lupin Ltd on Thursday said its wholly-owned arm Lupin Inc has inked a pact with TTP Plc to acquire exclusive worldwide rights to develop, manufacture and commercialise inhalation products, using the latter's soft-mist inhalation technology platform. TTP's (The Technology Partnership) soft-mist inhalation (SMI) technology allows delivery of inhalation [...]
LinkedIn now available in Hindi
New Delhi, Dec 2 (PTI) Leading professional network LinkedIn on Thursday marked a new milestone with the launch of its Hindi interface, the first Indian regional language on the platform, to support 600 million Hindi language speakers globally.With the launch of Hindi, LinkedIn now supports 25 languages globally.With this launch, LinkedIn aims to break down [...]
Inspired by India’ s magnificent palaces, Skootr creates office as a piece of art
The office promotes a blend of Indian aesthetics and corporate functionality NEW DELHI, Dec. 2, 2021 /PRNewswire/ -- Skootr, India's foremost 'Premium Managed Office Space' operator, modelled its newest office in Cybercity Gurugram drawing inspiration from India's rich cultural heritage of magnificent palaces with a touch of contemporary luxury. The workspace is called Skootr Palace [...]
Accolite Digital acquires Abyeti Technologies; strengthens product engineering capabilities
BANGALORE, India and DALLAS, Dec. 2, 2021 /PRNewswire/ -- Accolite Digital, the best-in-class digital transformation services provider, announced the acquisition of Abyeti Technologies, a leading provider of product engineering services to enterprise software product companies across multiple domains and technologies. Founded in 2012 and headquartered in Bangalore, India, Abyeti helps leading software product companies to [...]
Cloudbazaar 2021 Brings Together Internet Leaders To Discuss The Future Of E-commerce
Cloudbazaar, now in its 10th year is India's premier Cloud and Hosting industry event MUMBAI, India, Dec. 2, 2021 /PRNewswire/ -- NewFold Digital, a leading web presence solutions provider serving millions of MSMEs (Micro, Small & Medium Enterprises) and web professionals globally is virtually convening the 10th edition of its marquee event Cloudbazaar, in association [...]
Sundaram Clayton Accelerates IIoT Led Manufacturing Transformation Journey With Altizon’s Datonis Digital Factory
Sundaram Clayton Limited (SCL), leading provider of light metal castings, is scaling up Altizon's Datonis Digital Factory deployment in all their manufacturing plants PALO ALTO, Calif., Dec. 2, 2021 /PRNewswire/ -- Altizon Inc. today announced that it is working with SCL to scale up deployment of its industry leading Datonis Digital Factory, in casting and [...]
Premas Biotech and Oravax Medical to Test Their Triple Antigen Oral Vaccine Candidate Against Omicron Variant of Concern
Gurugram, Haryana, India – Business Wire India Premas Biotech (https://www.premasbiotech.com/) announced today that its joint venture Oravax will initiate testing of their oral virus-like particle (VLP) vaccine candidate against Omicron variant of SARS-CoV 2 virus through preclinical, in vitro and challenge studies to assess its efficacy for the new mutant strain. Premas Biotech, Oramed Pharmaceuticals, [...]
CSS Corp and Panzura Announce Strategic Partnership to Accelerate Multi-Cloud Orchestration and Data Management for the Enterprise
Companies Join Forces to Amplify Results for Customers: Faster Time-to-Value for Hybrid Multi-Cloud Deployments, Tightly Aligned Sales and Support, and World-class Customer Experience Bangalore, Karnataka, India – Business Wire India CSS Corp and Panzura have announced a strategic partnership to help organizations accelerate multi-cloud orchestration and management journeys. The companies will co-create strategies to reduce [...]
Road logistics market in India to reach USD 330 bn by 2025: Report
Mumbai, Dec 2 (PTI) The road logistics market in India is expected to grow at a compounded annual growth rate of 8 per cent in the next five years, to reach USD 330 billion by 2025, as per a report. This growth will be fueled by factors such as the rapidly growing e-commerce sector and [...]
Historic moment for Indian art & culture as Vishwarang reaches millions of viewers globally across 25+ countries
The festival that celebrates Indian literature, culture, art, music and cinema creates history with impactful performances and celebration of traditional Indian art forms and culture across the Globe BHOPAL, India, Dec. 1, 2021 /PRNewswire/ -- 'Vishwarang 2021' - the global Art, Culture and Literature festival came to an exciting closure with a promise to return [...]
Govt notifies Farm Laws Repeal Act
New Delhi, Dec 1 (PTI) The Centre on Wednesday notified a legislation to repeal the three agriculture laws against which thousands of farmers have been protesting for over a year now. The Farm Laws Repeal Act, 2021 received the assent of the President of India on November 30, said a gazette notification issued by the [...]
Govt decides not to resume scheduled int’l flights from Dec 15; new date to be notified later
New Delhi, Dec 1 (PTI) The government on Wednesday decided not to resume scheduled international flights from December 15, less than a week after announcing the decision in the wake of rising concerns over the coronavirus variant Omicron. Aviation watchdog DGCA said the effective date for resumption of scheduled commercial international passenger services will be [...]
Consumer tech brand Nothing to accept cryptocurrencies in select countries
New Delhi, Dec 1 (PTI) Consumer technology brand Nothing on Wednesday launched a new edition of wireless earbuds and said it will start accepting cryptocurrency payments in select countries through its website. The products will be available in India but cannot be purchased with cryptocurrencies. London-based Nothing, which is backed by a number of Indian [...]
NDTV digital media biz inks 10-yr deal with Taboola
New Delhi, Dec 1 (PTI) News broadcaster NDTV Ltd on Wednesday said its digital media business NDTV Convergence has inked a 10-year deal with Nasdaq-listed Taboola that can cumulatively enable garner a revenue of Rs 750 crore. In 2018, NDTV Convergence had signed a 5-year deal with Taboola, a global leader in powering recommendations for [...]
Business briefs
*Havells India ranks 7th among top electrical equipment companies globally on ESG performance New Delhi, Dec 1 (PTI) Havells India was ranked seventh among the top electrical equipment companies globally by Dow Jones Sustainability Indices (DJSI) for 2021.Its commitment to Environmental, Social, Governance (ESG) and responsible growth has been recognised by DJSI for the current [...]
43 per cent rise in campus placements in IIT-M in first session of recruitment
Chennai, Dec 1 (PTI): Campus placements for the 2021-22 academic year at IIT-Madras saw record new offers being made by companies in the first session of the commencement of the recruitment exercise, a 43 per cent rise over the figure last year. As many as 176 offers were made by 34 companies which was 43 [...]
Nothing to accept cryptocurrency payments
New Delhi, Dec 1 (PTI) Consumer technology brand Nothing on Wednesday launched a new edition of wireless earbuds and said it will start accepting cryptocurrency payments in select countries through its website. London-based Nothing, which is backed by a number of Indian investors, including film producer Karan Johar, cricketer Yuvraj Singh and Cred founder Kunal [...]
Need mechanism to decide on merit, appropriateness of tel, internet shutdowns: Par panel
New Delhi, Dec 1 (PTI) A parliamentary panel has pulled up the government over the absence of parameters to decide the merit of shutting down the internet during certain times, saying there is no clear-cut definition of what constitutes public emergency and safety.The Standing Committee on Communications and IT, in its report on 'suspension of [...]
Exports up 26.49 pc to USD 29.88 bn in Nov; trade deficit hits record USD 23.27 bn
New Delhi, Dec 1 (PTI) India's merchandise exports rose 26.49 per cent year-on-year to USD 29.88 billion in November on better performance by key sectors, while the trade deficit hit a record high of USD 23.27 billion as imports of crude oil and gold spiked. The exports stood at USD 23.62 billion in November 2020. [...]
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