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Smallcap stock hits 20% upper circuit after reporting 116% YoY increase in net profits
Small cap stock which is India’s largest manufacturer of Water water-soluble films engaged in the development, manufacturing, and supplying of biodegradable and high-tech products hits 20 percent upper circuit in the day’s trade upon declaring a 116 percent jump in Net Profits in Q1FY25 Price Action With a market capitalization of Rs. 1,425 Crores, the [...]
FMCG stock jumps 3% after it sets record date for 2:1 stock split and 1:1 bonus issue
On Monday’s trading session, the shares of a company engaged in the manufacture and sale of dairy products surged by 3.5 percent to Rs. 729 on BSE, after the Board of the company fixed a record date for 1:1 bonus shares as well as a 2:1 stock split. At 12:09 p.m., the shares of Milkfood [...]
IT stock hits 5% upper circuit after it reports 247% YoY increase in net profits
IT stock engaged in providing smart city solutions and integrated services reached the 5 percent upper price band following a 247 percent increase in net profits year-on-year. Price Movement In Monday's trading session, the share price of Tera Software Ltd. hit a 5 percent upper circuit limit reaching Rs.76.62 per share, from its previous closing [...]
Navratna stock in focus after receiving work order worth ₹ 25.80 Cr from GSECL
Navratna PSU engaged in providing a comprehensive range of services from concept to commissioning in all facets of transport, infrastructure, and related technologies in focus upon receiving a new work order worth Rs. 25.80 Crores from Gujarat State Electricity Corporation Limited. Price Action With a market capitalization of Rs. 16,585 Crores, the shares of Rites [...]
Fundamentally strong stock to buy now for an upside of more than 30%
The shares of India's largest public sector bank reported a flat standalone net profit for the first quarter of the current financial year. Despite this, a brokerage has given a buy recommendation, anticipating a 32% upside. On Monday, At 11:20 a.m., State Bank of India shares were trading at ₹811.25 per share, down 4.32 percent [...]
Green energy stock jumps 17% after winning ₹ 64.2 Cr order for solar photovoltaic water system
On Monday’s trading session, the shares of a renewable energy solution provider company surged by 17 percent to hit a new 52-week high at Rs. 689.9 on NSE, after the company secured two orders for a total of Rs. 64.4 crores for Off-grid Solar Photovoltaic Water Pumping System (SPWPS). At 11:13 a.m., the shares of [...]
Cement stock in focus after it announces ₹ 1,600 Cr investment for capacity expansion
The shares of leading cement manufacturers have fallen 2 percent despite the company announcing a Rs 1,600 crore investment to build 6 MTPA cement grinding unit in Bihar. Ambuja Cements Ltd has a market capitalization of Rs 1.58 lakh crore, the shares were trading at Rs 644.55 per share, decreasing around 1 percent as compared [...]
Ai stock in focus after its net profits increases by 282% YoY
The shares of this microcap company locked a 2 percent lower despite reporting an increase in net profits by 282 percent. In one year, the stock has delivered more than a 200 percent return to its shareholders. Price Movement: With a market capitalization of Rs. 204 crores, the shares of Shradha AI Technologies Ltd started [...]
Bank stock to buy now for an upside of 40%; Are you holding it?
Shares of India’s third largest PSU bank received a buy call from Axis Securities for an upside of 38 percent. Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services, and treasury services. With a market [...]
Green energy stock jumps 4% after receiving order for smart solar street light system
Green Energy stock engaged in manufacturing solar photovoltaic modules and providing turnkey solar solutions jumps 4 percent in the day’s trade upon receiving multiple work orders worth Rs. 13.40 Crores. Price Action With a market capitalization of Rs. 1248 Crores, the shares of Solex Energy Limited were trading at Rs. 1,560 per equity share, up [...]
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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

PRICES MUM BULLION OPEN
Mumbai, Nov 30 (PTI) SILVER SPOT (IN RS PER kg): 62008.00 STANDARD GOLD (99.5) : 47921.00 PURE GOLD (99.9) : 48114.00 -------------------- PTI MUM SVC SHW SHW
Jindal Global Law School hosts the Global Law Schools’ Summit with over 150 thought leaders from 35 countries
30th November 2021: Jindal Global Law School (JGLS), O.P. Jindal Global University (JGU) presents a truly international, one-of-its-kind Global Law Schools’ Summit from 1–3 December 2021 on the theme “The Present and Future of Global Legal Education” The summit aims to bring together 150+ thought leaders from 6 continents and 35+ countries over 21 Thematic [...]
Right Diagnosis and treatment can help cure the ‘suicide disease’ and ‘winking disease’ opines Dr. Jaydev Panchawagh, Neurosurgeon at Sahyadri Hospitals
PUNE, India, Nov. 30, 2021 /PRNewswire/ -- Trigeminal neuralgia is a disorder of the fifth cranial nerve called the trigeminal nerve. With blood vessel pressing against the trigeminal nerve, the condition leads to unbearable pain on the face, cheek and one side of the face, normally on the upper side of the chin and upwards [...]
DBS Bank India introduces an industry-first digital & paperless trade financing solution
- DBS Domestic Trade Financing leverages Electronic Way (Eway) bill verification for digitalising and simplifying trade transactions - The bank has completed its first end-to-end digital Purchase Invoice Finance (PIF) transaction for Lincon Polymers Pvt. Ltd. MUMBAI, India, Nov. 30, 2021 /PRNewswire/ -- In the current environment, there is a need to drive digitised trade [...]
Knowlarity’s Multichannel Cloud Contact Center for All Business Sizes
Knowlarity, a pioneer of Cloud Business Communication, has been providing Cloud Contact Center for businesses across various industry verticals in India and the Middle East. Knowlarity's cloud contact center is equipped with advanced features and can be customized as per business requirements to enable multi-channel customer engagement anytime anywhere. GURUGRAM, India, Nov. 30, 2021 /PRNewswire/ [...]
Coal India to infuse Rs 19,650 cr to strengthen rail infra
New Delhi, Nov 30 (PTI) State-owned Coal India Ltd on Tuesday said it will invest an estimated Rs 19,650 crore to strengthen its rail infrastructure. The move will increase coal evacuation capacity of the PSU through rail mode by an additional 330 million tonnes per annum (MTPA) by FY2023-24 when the production is expected to [...]
Guar seed futures decline on low demand
New Delhi, Nov 30 (PTI) Guar seed prices on Tuesday went down by Rs 4 to Rs 5,792 per 10 quintal in futures trade. On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery was trading at Rs 5,792 down by Rs 4, or 0.07 per cent per 10 quintal with an [...]
Majority of urban Indians comfortable with automation at homes, online shopping: Report
Mumbai, Nov 30 (PTI) With automation and AI being widely adopted across many sectors at varying levels of visibility to consumers, a report has revealed that most urban Indians are comfortable with them in their homes and for online shopping. On a personal level, urban Indians are more comfortable with automation in their homes (64 [...]
Guar gum futures fall on low demand
New Delhi, Nov 30 (PTI) Guar gum prices on Tuesday fell Rs 17 to Rs 10,150 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 17, or 0.17 per cent, [...]
Refined soya oil futures fall on low demand
New Delhi, Nov 30 (PTI) Refined soya oil prices on Tuesday fell by Rs 18.1 to Rs 1,198.5 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 18.1, or 1.49 per [...]
Carzso ties up View360Degrees to offer VR-based technology in auto industry
Mumbai, Nov 30 (PTI) Virtual pre-owned cars showroom Carzso on Tuesday said it has partnered with View360Degrees to offer virtual reality-based technology in the auto industry. As part of the strategic tie-up, View360Degrees founder and CEO Deven Verma, an experienced professional working in virtual reality (VR) technology, will join Carzso.com as the 'innovation head' and [...]
Max Life Insurance Enhances ‘Buy Now, Pay at Approval’ Feature for Term Insurance Purchase, Ensuring Hassle-free Digital Customer Journeys
New Delhi, Delhi, India (NewsVoir) Strengthening its commitment towards superior customer servicing, Max Life Insurance Company Ltd. (“Max Life” / “Company”) has enhanced the ‘Buy Now – Pay at Approval’ feature available on term insurance purchase for customers. Launched last year for policies bought online, the feature allows customers to apply for a policy through [...]
Centre committed to compensate states for 5 yrs for revenue loss due to GST roll out: FM
New Delhi, Nov 30 (PTI) The Centre is committed to compensate states for five years for the revenue loss due to GST implementation as provided in the statute, Finance Minister Nirmala Sitharaman said on Tuesday. The GST Constitutional Amendment Act provides for the centre compensating the state for five years for loss of revenue arising [...]
Crude oil futures dip on weak spot demand
New Delhi, Nov 30 (PTI) Crude oil prices on Tuesday fell by Rs 198 to Rs 5,145 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for December delivery dropped by Rs 198, or 3.71 per cent, to Rs 5,145 per barrel with a business volume of 6,703 lots. Analysts [...]
New Bill on cryptocurrency after Cabinet approval: Sitharaman in Rajya Sabha
New Delhi, Nov 30 (PTI) The government will soon bring in a new Bill on cryptocurrency after it is approved by the Union Cabinet, said Finance Minister Nirmala Sitharaman on Tuesday in the Rajya Sabha. A Bill on Cryptocurrency and Regulation of Official Digital Currency for introduction in the Lok Sabha has been included in [...]
India’s public cloud services market to grow 24.1% CAGR, reach $10.8 bn by 2025: IDC
New Delhi, Nov 30 (PTI) The overall Indian public cloud services market is expected to reach USD 10.8 billion by 2025, growing at a CAGR of 24.1 per cent for 2020-25, according to research firm IDC.India's public cloud services (PCS) market - which includes infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions and software-as-a-service (SaaS) - revenue totalled [...]
India has great combination of strong food culture & talent: Sommet Education
New Delhi, Nov 30 (PTI) India has a great culinary culture and mixing international techniques with the country's food can only be a success, said chief of Sommet Education, a global education group specialising in hospitality management and the culinary arts.On his first visit to the country, Benoît-Etienne Domenget, CEO, Sommet Education said India has [...]
Tariff hikes, moratorium on govt dues to help telcos invest more aggressively in 5G tech: Report
Mumbai, Nov 30 (PTI) The announced tariff hikes by the telcos could boost their operating profits by at least 40 per cent and coupled with the moratorium on government dues, will help them invest more aggressively into 5G technology, says a report. Tariff hikes to lift the EBITDA, or earnings before interest, taxes, depreciation, and [...]
Fitch affirms ICICI Bank rating with negative outlook
Mumbai, Nov 30 (PTI) Fitch Ratings has affirmed ICICI Bank's ratings at 'BB+' with a negative outlook and retained the lender's viability rating at BB.The negative outlook comes despite the agency recently revising upwards the operating environment outlook of domestic banks to stable from negative, citing better than expected recovery in business and economic activity [...]
About 1.65 lakh EVs supported as on Nov 25 under Phase-2 of FAME India scheme
New Delhi, Nov 30 (PTI) About 1.65 lakh electric vehicles have been supported as on November 25 this year under the second phase of Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) India scheme, Parliament was informed on Tuesday.The Ministry of Heavy Industries formulated the scheme in March 2015 to promote adoption of [...]
India Pavilion at Dubai projects start-ups, draws crowd
Dubai, Nov 30 (PTI) The young founders of start-up Biya, which produces environmentally sustainable decor and other household items, can't hide their delight at the response their work has generated at 'India Innovation Hub' of the India Pavilion, and the winding queue of visitors at the entrance underscores the buzz around the overall Indian show [...]
Maha fruit growers seek land near Jalna dry port for packaging, grading of produce
Aurangabad, Nov 30 (PTI) An association of pomegranate producers in Maharashtra has demanded land near an under-construction dry port in Jalna district for the packaging and grading of fruits grown in the region. Talking to PTI on Tuesday, Akhil Maharashtra Dalimb Utpadak Sanshodhan Sangh secretary Dr Suyog Kulkarni said their delegation recently met Union Road [...]
India’s Start-up Prowess in Full Display at Elevate-III
10 finalists showcase their innovative capabilities at the finale held under India Innovation Hub Umbrella Dubai, United Arab Emirates (NewsVoir) Ten Indian start-ups showcased their innovations to global investors from the UAE and around the world at the third session of the ‘Elevate’ pitching series held on Sunday in Dubai. Gracing the occasion was Dr. [...]
SteppinOut by Dineout & Sole Search India Launches ‘SneakinOut’: India’s Largest Sneaker Fest
- Participants get a chance to win the most iconic sneakers like Air Jordan 1 high and Air Jordan 3 x A Ma Maniere - Live performances by Gully Gang India NEW DELHI, Nov. 30, 2021 /PRNewswire/ -- Sneakers go beyond just being a desirable item of footwear – they have evolved into a cultural [...]
Myles Automotive appoints Amrish Bhargava as CEO
New Delhi, Nov 30 (PTI) Vehicle subscription and sharing platform, Myles Automotive Technologies on Tuesday announced the appointment of Amrish Bhargava as its new Chief Executive Officer (CEO).Prior to joining Myles, Bhargava was heading the auto division at Poonawalla Fincorp. His appointment is aligned with the company's long-term growth, Myles Automotive said in a statement.As [...]
Cashfree Payments invests USD 15 mn in UAE-based payment service provider Telr
New Delhi, Nov 30 (PTI) Payments and banking technology firm Cashfree Payments on Tuesday said it has made an investment of USD 15 million in Telr, a payment service provider in the UAE and Saudi Arabia. While the company did not disclose the quantum of equity acquired, Cashfree said it has become one of the [...]
Bessemer Venture Partners raises $220 mn to back next-gen innovators in India
New Delhi, Nov 30 (PTI) Bessemer Venture Partners (BVP) on Tuesday announced the closure of a USD 220 million fund (about Rs 1,653 crore) in India to back the next generation of innovators in India.The fund will focus primarily on early-stage investments, consistent with Bessemer's approach of starting with seed and Series-A investments and sticking [...]
Landmark Capital launches Rs 500-cr warehousing fund
Mumbai, Nov 30 (PTI) Landmark Capital on Tuesday announced the launch of Landmark Warehousing and Logistics Fund that targets a corpus of Rs 500 crore, with a green-shoe option of Rs 200 crore.The fund is launched with an objective to generate superior risk-adjusted returns by investing in high-quality Grade-A warehousing and logistics opportunities, a release [...]
Adda247 raises around USD 20 mn in funding round led by WestBridge Capital
New Delhi, Nov 30 (PTI) Edtech platform Adda247 on Tuesday said it has raised around USD 20 million (about Rs 150 crore) in a funding round led by WestBridge Capital. The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement. [...]
Anand Rathi Wealth IPO to open on Dec 2; sets price band at Rs 530-550 per share
New Delhi, Nov 30 (PTI) Anand Rathi Wealth, part of Mumbai-based financial services group Anand Rathi, on Tuesday said it has fixed a price band of Rs 530-550 a share for its Rs 660-crore IPO, which will open for public subscription on December 2.The three-day initial public offering (IPO) will conclude on December 6, the [...]
CAG flags anomalies in accounts of units under IT, telecom ministries
New Delhi, Nov 30 (PTI) The Comptroller and Auditor General of India has reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller [...]
Lupin launches educational website Sciflix for medical students
New Delhi, Nov 30 (PTI) Pharmaceuticals firm Lupin Ltd on Tuesday said it has launched an educational mobile adaptable website Sciflix for medical students pursuing post-graduation in diseases involving the respiratory system.Sciflix is a comprehensive learning platform in pulmonology where all scientific needs of postgraduate students will be addressed by a multisource library under one [...]
BAFTA Breakthrough India Applications Deadline Extended By One Week, Allowing More Time For ‘breakthrough’ Aspirants To Apply
MUMBAI, India, Nov. 30, 2021 /PRNewswire/ -- The British Academy of Film and Television Arts (BAFTA) has announced a week-long deadline extension - from 30 November 2021 to 6 December 2021 5.00 PM IST - for the submission of applications for its BAFTA Breakthrough India initiative. The programme, supported by Netflix, arrived in India in [...]
Shares of Reliance Capital tumble 5% as RBI supersedes Co board
Shares of Reliance Capital Ltd on Tuesday tumbled 5 per cent to its lower circuit limit, a day after the Reserve Bank superseded the board of the Anil Ambani promoted company. Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. It has businesses in asset management, [...]
Go Fashion shares list with nearly 91% premium
Shares of Go Fashion, which owns women’s clothing brand Go Colors, on Tuesday listed with a huge premium of nearly 91 per cent over its issue price of Rs 690. The company is engaged in the development, design, sourcing, marketing and retailing of a range of women’s bottom-wear products under the brand ‘Go Colors’. Its [...]
Major Singaporean business families set up charity for welfare of migrant workers
Singapore, Nov 30 (PTI) The families of late business tycoons Khoo Teck Puat and Ng Teng Fong have donated 20 million Singapore dollars (USD 14.62 million) to fund a medical centre in Singapore's industrial district of Penjuru for the welfare of migrant workers, who are an integral part of the country's workforce. Besides setting up [...]
Leading contemporary philosophers gather in Saudi Arabia for the first time at Riyadh Philosophy Conference
· Renowned international philosophical institutions and universities to take part in first of its kind event in the Kingdom. · Over 50 leading contemporary philosophical thinkers from more than 15 countries will participate in an inter-cultural dialogue to explore philosophy across an array of subjects under a theme of 'unpredictability'. · The three-day conference will [...]
Yas Waterworld guests break 6 GUINNESS WORLD RECORDS™
Through the successful two-day GUINNESS WORLD RECORDS™ live record-breaking event ABU DHABI, UAE, Nov. 29, 2021 /PRNewswire/ -- By going head-to-head or sometimes even pairing up, Yas Waterworld guests broke six GUINNESS WORLD RECORDS™ at Yas Waterworld's first ever GUINNESS WORLD RECORDS™ live record-breaking event. The event, which was in collaboration with GUINNESS WORLD RECORDS™, [...]
P&G Health commemorates Iron Deficiency Day with a new GUINNESS WORLD RECORDS™ Achievement
Records the largest number of videos of people saying the same sentence uploaded to Facebook in one hour to raise awareness on Iron Deficiency Anaemia MUMBAI, India, Nov. 29, 2021 /PRNewswire/ -- Continuing its efforts to raise awareness about iron deficiency in India, Procter & Gamble Health Limited & FOGSI (The Federation of Obstetric and [...]
Star Health raises Rs 3,217 cr from anchor investors ahead of IPO
New Delhi, Nov 29 (PTI) Star Health and Allied Insurance Company on Monday said it has raised a little over Rs 3,217 crore from anchor investors ahead of its IPO on Tuesday. The company has decided to allocate a total of 3,57,45,901 equity shares to 62 anchor investors at Rs 900 apiece, aggregating to [...]
Piaggio Vehicles introduces all-women workforce on assemble line
Mumbai, Nov 29 (PTI) Small commercial vehicle maker Piaggio Vehicles Pvt Ltd (PVPL), in an industry-first initiative, has introduced an all-women workforce on its assembly line at its Baramati facility to assemble its Apé Electrik range of products. The female workforce at Piaggio's Baramati plant in Maharashtra assembles all its electric models -- Apé E-City [...]
Business briefs
*Bridgestone launches new tyre for construction and mining sector Mumbai, Nov 29 (PTI) Japanese tyre maker Bridgestone on Monday announced the launch of its new tyre for the construction and mining sector in the Indian market. The new offering--L370HL--in block and shoulder lug design for heat radiation and block tear resistance respectively, is suitable for [...]
NCLAT quashes CoC constitution of Value Infratech, asks NCLT to remove RP
New Delhi, Nov 29 (PTI) The insolvency appellate tribunal NCLAT on Monday quashed the constitution of the Committee of Creditors of Value Infratech India and removed the Resolution Professional with a direction to IBBI to conduct an investigation and take appropriate action. A two-member bench of the NCLAT has also directed the claims of various [...]
WhatsApp gets NPCI nod for doubling payments user base
Mumbai, Nov 29 (PTI) Facebook-owned messaging platform WhatsApp has been granted permission to double its user base for the payments service to 40 million by the National Payments Corporation of India (NPCI). WhatsApp has a total user base of 400 million and the development will help the platform compete better with entrenched rivals like Google [...]
Air India pilot unions ask management to roll back salary cut within three days
Mumbai, Nov 29 (PTI) Air India pilot unions -- IPG and ICPA -- on Monday warned the airline management to roll back the "illegal" salary cut within three days or face industrial action.The two pilot unions -- Indian Pilots Guild and Indian Commercial Pilots Association -- have been demanding restoration of full pay, which was [...]
Crisil director Martin Fraenkal resigns
New Delhi, Nov 29 (PTI) Crisil on Monday said Martin Fraenkel has resigned as the company's director with immediate effect. It also announced the appointment of Elizabeth Mann as an additional director (non-executive). "Martin Fraenkel has submitted his resignation as a director of the company. The board has noted resignation of Martin Fraenkel as a [...]
Indian-origin executive Parag Agrawal is new CEO of Twitter
New York, Nov 29 (PTI) Indian-origin technology executive Parag Agrawal has been appointed as the new CEO of Twitter after the social media giant’s co-founder Jack Dorsey stepped down on Monday. In a message posted on Twitter, Dorsey said: “After almost 16 years of having a role at our company… from co-founder to CEO to [...]
Indian-origin executive Parag Agrawal is new CEO of Twitter
New York, Nov 29 (PTI) Indian-origin technology executive Parag Agrawal has been appointed as the new CEO of Twitter after the social media giant’s co-founder Jack Dorsey stepped down on Monday. In a message posted on Twitter, Dorsey said: “After almost 16 years of having a role at our company… from co-founder to CEO to [...]
NEWSALERT
Indian-origin executive Parag Agrawal appointed new CEO of Twitter. PTI YAS CPS AKJ CPS
Closed sugar mill of Sitarganj resumes operations
Dehradun, Nov 29 (PTI) The early variety of sugarcane will be available for Rs 355 per quintal and the normal variety for Rs 345 per quintal in Uttarakhand, Chief Minister Pushkar Singh Dhami said while launching the crushing season for Kisan Cooperative Sugar Mills Ltd at Sitarganj which resumed operations after a prolonged closure on Monday. [...]
RBI appoints P N Raghunath as additional director of Ujjivan Small Finance Bank
New Delhi, Nov 29 (PTI) Ujjivan Small Finance Bank (SFB) on Monday said RBI has appointed P N Raghunath as an additional director on the board of the bank. "The Reserve Bank of India vide its letter dated November 29, 2021 has appointed P N Raghunath, General Manager, Reserve Bank of India, Bengaluru, Regional Office [...]
Fresh COVID guidelines: Delhi airport says arrangements will be in place on time
New Delhi/ Mumbai, Nov 29 (PTI) As worries mount over coronavirus infections caused by a new variant globally, the country's largest airport IGIA on Monday said all necessary arrangements will be ready on time keeping in mind the fresh guidelines and passenger convenience. Besides, the firm carrying out COVID-19 tests at the IGIA in the [...]
Will issue order to make it mandatory for carmakers to introduce flex-fuel engines: Gadkari
New Delhi, Nov 29 (PTI) Union minister Nitin Gadkari on Monday said he would issue an order in the next two-three days to make it mandatory for the carmakers to introduce flex-fuel engines in vehicles.Addressing an event, Gadkari said, India imports petroleum products worth 8 lakh crore every year, and if the country continues to [...]
WBIDC finalising responses to bidders’ clarifications for Tajpur port project
Kolkata, Nov 29 (PTI) West Bengal Industrial Development Corporation is in process of finalising its responses to the clarifications sought by prospective bidders in a recent meeting for Tajpur port project, an official said on Monday. The nodal agency of the state industry, commerce and enterprises department, which has extended the last date for submission [...]
Dish TV again postpones AGM, gets RoC nod for extension by a month
New Delhi, Nov 29 (PTI) Direct-to-Home service provider Dish TV, which is facing a notice from its largest shareholder Yes Bank to reconstitute its board, has again postponed its Annual General Meeting for a month after getting regulatory approval. The company on Monday received approval from the Registrar of Companies, Mumbai over its plea to [...]
Moody’s assigns first-time ‘B3’ ratings to Ola, outlook stable
New Delhi, Nov 29 (PTI) Moody's Investors Service on Monday said it has assigned a first-time B3 corporate family rating (CFR) to ANI Technologies, which operates ride hailing service Ola.Moody's CFRs are opinions of a corporate family's ability to honour all of its financial obligations.It has also assigned a B3 rating to the company's proposed [...]
COMMODITY PRICES
Mumbai, Nov 29 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 722.00 COPPER HEAVY SCRAPS 710.00 COPPER ARMATURE (CREDIT) 695.00 COPPER UTENSILS SCRAP 631.00 CC ROD 777.00 BRASS :- BRASS SHEET CUTTING 545.00 BRASS UTENSIL SCRAP 488.00 BRASS HONEY 483.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]
OILSEEDS PRICES
Mumbai, Nov 29 (PTI) OILS (per 10 Kgs) G.Nut Raw 1330.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1200.00 Sunflower Exp.Ref. 1290.00 Cottonseed(Refined) 1245.00 Refined Palm Oil 1192.00 Soyabean Ref. 1235.00 Imp.Soyabean Crude - Rapeseed Ref. 1720.00 Rapeseed Exp. 1690.00 Copra white 1670.00 Rice Bran 4-7% FFA - Rice Bran 1220.00 Linseed 2050.00 Castor [...]
Telecom Watchdog demands criminal case against Elon Musk-owned Starlink
New Delhi, Nov 29 (PTI) NGO Telecom Watchdog has sought filing of a criminal case against Elon Musk-owned Starlink for allegedly accepting payments from people in the country for satellite internet services without having a licence for the same. The NGO, in a letter dated November 27 sent to the telecom secretary, also urged the [...]
Coal India interim dividend to enrich govt by Rs 3,667cr
Kolkata, Nov 29 (PTI) The government will receive around Rs 3,667 crore as an interim dividend from Coal India for the current 2021-22 fiscal, a company official said on Monday. The Maharatna PSU announced a 90 per cent interim dividend for FY22, and the total outgo for the purpose will be around Rs 5,546 crore, [...]
RBI imposes Rs 1 cr penalty on Union Bank of India
Mumbai, Nov 29 (PTI) The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs 1 crore on Union Bank of India for deficiencies in regulatory compliance.The penalty was imposed by an order dated November 25 for non-compliance with the certain provisions of directions issued by the RBI contained in [...]
Pee Safe to launch 50 outlets over next 12 months
New Delhi, Nov 29 (PTI) Hygiene and wellness brand Pee Safe on Monday said it aims to open more than 50 retail outlets across the country over the next 12 months.The company has set up its first company-owned offline retail outlet in Gurugram.Pee Safe's products are currently available in modern trade, general stores, airports, and [...]
India can be at forefront of global online dispute resolution movement: Niti Aayog
New Delhi, Nov 29 (PTI) Niti Aayog on Monday said India can be at the forefront of the global online dispute resolution movement and suggested that the government should take targeted initiatives like setting up legal tech hubs and tax incentives for the private sector to enable faster adoption of ODR.Retired justice AK Sikri-led committee [...]
Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr; sale to be completed by March 2022
New Delhi, Nov 29 (PTI) The government on Monday approved sale of Central Electronics Ltd to Nandal Finance and Leasing for Rs 210 crore, marking the second strategic disinvestment of the current fiscal. Incorporated in 1974, CEL, under the Ministry of Science and Technology, is a pioneer in the field of Solar Photovoltaic (SPV) and [...]
SBI signs MoU with Usha International for empowering women entrepreneurs
New Delhi, Nov 29 (PTI) State Bank of India (SBI) has signed an agreement with Usha International Limited (UIL) for empowering women entrepreneurs by providing financial assistance. The financial assistance will be provided under the Joint Liability Group model, SBI said in a statement. As per the Memorandum of Understanding (MoU) signed between SBI and [...]
IPO-bound India1 Payments installs 10,000 white-label ATMs
Mumbai, Nov 29 (PTI) The IPO-bound India1 Payments, promoted by the Banktech Group of Australia and formerly known as BTI Payments, has said that it has crossed a milestone of deploying 10,000-white-lable ATMs which are labelled as India1ATMs, making it the largest player in the segment. The company has installed these machines mostly in semi [...]
No proposal to recognise Bitcoin as currency: FM
New Delhi, Nov 29 (PTI) The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman told the Lok Sabha on Monday. She also informed the House that the government does not collect data on Bitcoin transactions. Replying to a question on whether the government has any proposal [...]
RBI supersedes RCap Board; to shortly initiate insolvency proceedings
Mumbai, Nov 29 (PTI) The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment defaults and serious governance issues.Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) has been appointed as the administrator of the company, [...]
Significant imbalance in number of points of call in favour of foreign carriers: Civil aviation min
New Delhi, Nov 29 (PTI) The civil aviation ministry on Monday said that overseas airlines are not being granted any non-metro airport as a new point of call in the country due to "significant imbalance in the number of points of call in favour of foreign carriers". Minister of State for Civil Aviation V K [...]
Co-working startup ABL Workspaces raises Rs 15 cr from Canada-based Ethik Inc
New Delhi, Nov 29 (PTI) Co-working operator ABL Workspaces on Monday said it has raised Rs 15 crore from Canada-based Ethik Inc for expansion.Founded in December 2017, ABL Workspaces has nine centres in Delhi-NCR.In a statement, ABL Workspaces said it has raised Rs 15 crore from Canada-based Ethik Inc in Series A funding round.The fresh [...]
New business premium of life insurers to grow 14% to Rs 3.18 lakh cr in FY2022: Study
Mumbai, Nov 29 (PTI) The total new business premium of domestic life insurance companies is likely to grow 14 per cent to Rs 3.18 lakh crore in the current financial year, domestic rating agency Icra said in a report Monday. During the first seven months of fiscal 2022, the total new business (NB) premium growth [...]
GDP seen growing at 8.3% in Q2, 9.4% full year: Report
Mumbai, Nov 29 (PTI) Leading rating agency India Ratings expects the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast. The agency has attributed the higher growth to the nine consecutive quarters of over 3 per cent [...]
Banks write off Rs 46,382 cr NPA in H1
New Delhi, Nov 29 (PTI) Banks have written off bad loans amounting to Rs 46,382 crore during the first six months of 2021-22, the finance ministry informed the Lok Sabha on Monday.As per the RBI guidelines and policy approved by bank boards, non-performing loans, including, inter-alia, those in respect of which full provisioning has been [...]
Nitish aide challenges NITI Aayog report, seeks greater central assistance for Bihar
Patna, Nov 29 (PTI) A key aide of Bihar Chief Minister Nitish Kumar on Monday expressed indignation over NITI Aayog presenting the state in poor light in one of its recent reports and wondered why more central assistance was not coming to expedite economic uplift of the province. Ashok Choudhary, who holds building construction portfolio [...]
Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr
New Delhi, Nov 29 (PTI) The government on Monday approved sale of Central Electronics Ltd to Nandal Finance and Leasing for Rs 210 crore. This is the second strategic stake sale by the government after Air India. "The Alternative Mechanism ... has approved the highest price bid of M/s Nandal Finance and Leasing Pvt Ltd for sale [...]
Over 12k depositors of B’luru-based coop bank receive deposit insurance cover of Rs 401 cr
New Delhi, Nov 29 (PTI) Over 12,000 depositors of Bengaluru-based Sri Guru Raghavendra Sahakara Bank Niyamitha (SGRSBN) -- which went bust two years back -- have received their deposit insurance cover of up to Rs 5 lakh. BJP's Lok Sabha MP and the party's Yuva Morcha National President Tejasvi Surya said a total of Rs [...]
NEWSALERT
Govt sells Central Electronics to Nandal Finance and Leasing for Rs 210 cr: Official statement. PTI JD ABM ABM
SC grants two weeks more to US e-commerce firm Amazon to put its case before CCI
New Delhi, Nov 29 (PTI) The Supreme Court on Monday granted two weeks more to e-commerce giant Amazon to appear and argue before the Competition Commission of India (CCI) which had declined adjournment of hearing in a case related to revocation of approval given to the US company for investment transaction with Future Coupons Pvt [...]
TN CM Stalin urges Centre to scrap import duty on cotton
Chennai, Nov 29 (PTI) Tamil Nadu Chief Minister M K Stalin on Monday urged the Centre to remove 11 per cent import duty levied on cotton, rework terms for e-auction of cotton to help Micro Small and Medium Enterprises and extend 5 per cent interest subvention to spinning mills for procurement. Citing representations from apparel [...]
Celonis to invest USD 100 mn in India over 2 yrs, hire 1,000 people
New Delhi, Nov 29 (PTI) Process mining technology company Celonis on Monday said it will invest USD 100 million (about Rs 750 crore) in India and hire 1,000 people over the next two years to expand its business in the country. The company has set up its direct office in India, where it employs around [...]
RBI supersedes Reliance Capital board; to start bankruptcy proceedings
Mumbai, Nov 29 (PTI) The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment defaults and serious governance issues.Nageswar Rao Y (Ex-Executive Director, Bank of Maharashtra) has been appointed as the administrator of the company, [...]
6 out of 10 companies adopted ‘work from home’ policy post Covid-19 relaxations: Survey
Mumbai, Nov 29 (PTI) As the pandemic pushed employers to explore and adapt new ways to stay in the business, a survey has revealed that 6 out of 10 organisations have adopted 'work from home' policy post Covid-19 relaxations. Over 65 per cent of the employers have either introduced 'work from home' as a policy [...]
Ramp up in DNA Infrastructure and Regulation Critical for Institutionalization of National Offender Database
New Delhi, Delhi, India – Business Wire India Significant movements in past few months suggest that the country is working towards instituting DNA technology more prominently as part of the criminal justice system. Noticeable measures taken to beef up the DNA infrastructure and manpower will go a long way in building readiness for a national [...]
ADB approves USD 125 mn loan for water supply, sanitation projects in Uttarakhand
New Delhi, Nov 29 (PTI) The Asian Development Bank (ADB) on Monday said it has approved a loan of USD 125 million (around Rs 938 crore) for water supply and sanitation projects in Uttarakhand. The funds will be utilised to improve access to quality water supply and sanitation services in the Himalayan state, ADB said [...]
Noida Ranked India’s Cleanest Medium City with Support from HCL Foundation
Also becomes a 5-star rated garbage-free city by the Swachh Bharat Mission (Urban) Noida, Uttar Pradesh, India – Business Wire India HCL Foundation, the corporate social responsibility arm of HCL, is the proud supporter of the city of Noida in its mission to become a clean city since 2019. HCL Foundation’s flagship program Clean NOIDA [...]
AskSid launches its product recommendation feature to boost customer conversions and sales for retailers
- With this new feature, AskSid stands to help Retail & D2C brands offer hyper-personalized conversational customer support to global customers. BANGALORE, India, Nov. 29, 2021 /PRNewswire/ -- AskSid AI, a leading global conversational customer service provider, today announced the launch of its product recommendation feature as part of its digital shopping assistant and AI [...]
India can be at forefront of global online dispute resolution movement: Niti Aayog
New Delhi, Nov 29 (PTI) Niti Aayog on Monday said India can be at the forefront of the global online dispute resolution movement and suggested that the government should take targeted initiatives like setting up legal tech hubs and tax incentives for the private sector to enable faster adoption of ODR.Retired justice AK Sikri-led committee [...]
Govt launches ‘unique’ face recognition tech for pensioners
New Delhi, Nov 29 (PTI) Minister of State for Personnel Jitendra Singh on Monday launched a "unique" face recognition technology that would act as a proof of ‘life certificate’ for pensioners and ensure ease of living for the retired and elderly citizens.All pensioners are mandated to submit their life certificate annually to continue receiving pension. [...]
PRICES MUM BULLION CLOSING
Mumbai, Nov 29 (PTI) SILVER SPOT (IN RS PER kg): 63046.00 STANDARD GOLD (99.5) : 47931.00 PURE GOLD (99.9) : 48124.00 --------------------- PTI MUM SVC SHW SHW
RIL denies any intent to bid for UK telecom group BT
New Delhi, Nov 29 (PTI) Reliance Industries on Monday categorically denied any intent to bid for the UK telecom group, BT.RIL dismissed a report titled `Reliance mulling bid for UK’s telco BT Group' as "completely speculative and baseless"."We categorically deny any intent to bid for the UK telecom group, BT, formerly British Telecom, as reported [...]
Kotak Mahindra Bank shares gain nearly 3 pc as LIC to up stake in co
New Delhi, Nov 29 (PTI) Shares of Kotak Mahindra Bank on Monday gained nearly 3 per cent as insurance behemoth LIC will raise its stake in the private sector lender to nearly 10 per cent. The stock jumped 2.92 per cent to close at Rs 2,020.20 on the BSE. During the day, it gained 4.10 [...]
Rupee trips 18 paise to hit 5-week low against USD on fresh Covid worries
Mumbai, Nov 29 (PTI) The rupee on Monday dived 18 paise to close at a five-week low of 75.07 against the US dollar as fresh worries over new coronavirus variant weighed on already weak investor sentiment. At the interbank foreign exchange market, the local currency opened at 74.84 and witnessed an intra-day high of 74.82 [...]
AIM Publishes List of Top Data Science Postgraduate Programmes in India for 2021
Bengaluru, Karnataka, India – Business Wire India Analytics India Magazine (AIM) recently launched its annual report “Top Postgraduate Data Science Programmes in India for 2021.” The report enlists the top Data Science courses at the Master’s level offered by public and private institutes in India. The ranking outcomes are a result of extensive research and [...]
Cairn Oil & Gas Sweeps FIPI’s Annual Awards for the Petroleum Industry, Bags Best Production Company of the Year
The company also won awards for ‘Young Achiever female’ and ‘Young Achiever Male’ at the event hosted in New Delhi New Delhi, Delhi, India – Business Wire India Cairn Oil & Gas, India’s largest private oil and gas exploration company, has been awarded the ‘Oil & Gas Production Company of the year’ along with two [...]
CFOs optimistic about economy, business growth in FY22: Deloitte India survey
New Delhi, Nov 29 (PTI) With the economy gradually reopening, the perception of uncertainty associated with the pandemic is reducing and there is a willingness to invest, says a report. According to a survey by Deloitte Touche Tohmatsu India LLP (Deloitte India), many CFOs are focusing on the post-pandemic opportunities and challenges. About 70 per [...]
Situation being closely monitored regarding ‘further decision’ on int’l flights resumption: Scindia
New Delhi, Nov 29 (PTI) Amid the emergence of a new COVID variant, Civil Aviation Minister Jyotiraditya Scindia on Monday said the situation is being closely monitored and reviewed in consultation with other ministries regarding "any further decision" on resuming scheduled international passenger services.On November 26, the government decided to restart scheduled commercial international passenger [...]
Loans worth Rs 2.82 lakh cr sanctioned to MSMEs under collateral-free loan scheme: Rane
New Delhi, Nov 29 (PTI) Loans for an amount of Rs 2.82 lakh crore have been sanctioned as on November 12 this year under the collateral-free loan scheme for micro, small and medium enterprises (MSMEs), Parliament was informed on Monday. The government has the operationalised Rs 3 lakh crore collateral-free loan scheme with effect from [...]
Skilling app Kidvento raises pre-series A funding of USD one million
Bengaluru, Nov 29 (PTI) Kidvento.app, a Mysore-based skilling platform for children, said on Monday it has secured USD one million in pre-series A funding from strategic investors in the United Kingdom and the Middle East. Kidvento, which provides skilling curriculum for kids through live and recorded classes, said in a statement it would utilise this [...]
Punjab’s Sofat Infertility & Women Care Centre Achieves 2000 plus Successful IVF Pregnancies Milestone
2000+ Successful IVF Pregnancies in Punjab by Dr. SumitaSofat Ludhiana, Punjab, India (NewsVoir) Reproductive science history goes back to the year 1978 when the first healthy ‘test tube baby’ named Louise Brown was born. Since then, the field of Assisted Reproductive Technology has gotten a lot better and improved. No doubt every year a new [...]
Biz resumption touches new high despite Omicron, inflationary pressures up: Nomura
Mumbai, Nov 29 (PTI) Business resumption surged to a new high despite the fears of the newly discovered Omicron variant, and inflationary pressures are building up, a Japanese brokerage said on Monday. The Nomura India Business Resumption Index, a weekly tracker which compares activity with the pre-COVID week, inched up to 114.5 for the seven [...]
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