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Stock backed by Govt. of Singapore jumps 4% after receiving approval for ₹12,000 Cr Residential Project

A real estate stock backed by the Government of Singapore experienced a 5% surge in trading on Tuesday following the announcement of a significant project approval. The company secured the Real Estate Regulatory Authority (RERA) approval for a new development project with an estimated Gross Development Value (GDV) of Rs.9,000 crore.  Price Movement During Wednesday’s [...]

Textile stock skyrockets 13% after company’s net profit increases by 52% YoY

The shares of the textile company, one of the largest women's bottom-wear brands in India, jumped up to 13 percent after announcing its Q4 results, which showed a 52 percent year-on-year (YoY) increase in profit. Price action With a market capitalization of Rs. 4,255.91 crores on Wednesday, the shares of Go Fashion (India) Ltd jumped [...]

Fertilizer stock jumps after reporting 253% YoY increase in net profits

During Wednesday’s trading session, the shares of India’s leading agri-solutions provider offering diverse products and services across the farming value chain are in focus on the stock exchanges, after reporting Q4 FY25 financial results with a rise in net profit by around 14 percent QoQ and 253 percent YoY. Price Movements With a market capitalisation [...]

EV stock crashes after announcing its Q4 results

During Wednesday’s trading session, the shares of a company primarily engaged in the manufacturing of storage batteries moved down by nearly 5 percent on BSE, after the company reported financial results for Q4 FY25. Price Movements With a market capitalisation of Rs. 30,022 crores, at 03:17 p.m., the shares of Exide Industries Limited were trading [...]

Solar stock jumps 6% after receiving order worth ₹50 Cr for solar power plant

During Wednesday’s trading session, the price of a solar equipment manufacturing company surged up to 6% intraday after securing an order worth 50.52 crore from Braithwaite & CO. Limited Price movement With a market capitalization of Rs. 414.5 crores, on Wednesday, the shares of GP Eco Solutions India Ltd were trading up by close to [...]

Auto ancillaries stock in focus after company to invest ₹423 Cr for EV Powertrain Project

The share of the Auto Ancillaries - Electrical company recovered 3 percent from its day low after announcing a joint venture manufacturing of High Voltage EV powertrain products. Price Movements With the market capitalization of Rs 51,680 Crores, the share of Uno Minda Ltd is up by 0.99 percent compared to the previous close of [...]

When will Nifty 50 hit 25,000 and Bank Nifty break 56,000? Here’s everything you need to know

The Indian stock market has experienced a significant rally recently, with the Nifty 50 and Bank Nifty showing considerable consolidation now. As global and domestic market conditions continue to evolve, investors and traders are left wondering whether the Nifty 50 can climb above 25,000 and if the Bank Nifty can surpass 56,000 during this sideways [...]

Adani group stocks with capex of up to $2 Billion for FY25

Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. The group is a diversified organisation in India comprising 10 publicly traded companies. It has created a world class transport and utility infrastructure portfolio that has a pan-India presence.  Here is a list of few Adani Group firms embarking on Capital Expenditure initiatives:  Adani Wilmar [...]

Ashish Kacholia stocks in which FIIs increased stake in Q1

Foreign Institutional Investors (FIIs) increasing their holding stake in certain companies indicate a positive outlook on the company's performance, management, and prospects, thereby leading to speculation of expected future growth and upcoming changes in the company.  Ace Investor Ashish Kacholia has made strategic investments with a varied portfolio that includes hospitality, education, infra, chemicals, and [...]

3 Stocks fell after companies net profit decreases in Q1

This article examines the latest quarterly financial results which were published today for three key players across different sectors: railway, manufacturing, and infrastructure. It offers an overview of their recent performance, highlighting important updates in sales, profits, and order books.  Railtel Corporation of India Limited Railtel Limited was incorporated in the year 2000 with the [...]

Semiconductor stock in which FIIs increased their stake by more than 6% in Q1 

About the Semiconductor Industry: India, recognized as a leading manufacturing hub, has significantly increased its domestic electronics production from US$ 29 billion in 2014-15 to US$ 101 billion in 2022-23. The Indian electronics sector now contributes approximately 3.4% to the nation's Gross Domestic Product (GDP).  The Ministry of Electronics & Information Technology expects India’s electronics [...]

Stocks with low PE ratio that reported net profit growth of up to 9,200% in Q1 

A company's price-to-earnings (P/E) ratio is lower than the industry average may indicate undervaluation or underlying issues. Investors should investigate further to understand if the low P/E signals a buying opportunity or reflects fundamental problems affecting the company's future growth prospects.  Here are the stocks with PE less than the industry with robust results; Voltamp [...]

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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 [...]
7
May 30, 2025

Why Mutual Funds Remain a Popular Choice in 2025

Editor's Pick, Mutual Fund

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. [...]

May 30, 2025
7
Oct 12, 2024

₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years

Editor's Pick, News

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 [...]

Oct 12, 2024

Latest Market News

KSUM’s KITE meet ends, shortlists 24 IEDC ideas for product development

Kochi, Nov 26 (PTI) The Kerala Startup Mission (KSUM) on Friday selected 24 new products by Innovation and Entrepreneurship Development Centres on the concluding day of the five-day virtual technology exhibition. The short list was made from 80 products KSUM received through IEDCs that had virtually pitched their products. All 24 of them found a [...]

Tremendous potential to grow bilateral trade with Canada: Goyal

New Delhi, Nov 26 (PTI) Bilateral trade between India and Canada stands at USD 10 billion currently and there is tremendous potential to take it to much higher levels, Commerce and Industry Minister Piyush Goyal said on Friday. He also said both sides have discussed the possibility of concluding the India-Canada comprehensive economic partnership agreement [...]

Govt clarifies Starlink not a licensee; asks public not to subscribe to service being advertised

New Delhi, Nov 26 (PTI) The government on Friday said Starlink Internet Services is not licensed to offer satellite-based internet services in India, and cautioned the public not to subscribe to the services that are being advertised by the Elon Musk-backed company. The Telecom Department also asked Starlink to comply with the regulatory framework for [...]

Mathura Refinery gets green nod for expansion project

Mathura, Nov 26 (PTI) Indian Oil Corporation's Mathura refinery has received environmental clearance for projects to expand its crude processing capacity to 11 mmtpa, a senior official of the refinery said on Friday. Mathura Refinery has processing capacity of 8 mmtpa, at present. The refinery has been accorded environmental clearance for residue upgradation and distillate [...]

AP amends FRBM Act for enhanced borrowings

Amaravati, Nov 26 (PTI): The Andhra Pradesh government on Friday further amended the Fiscal Responsibility and Budget Management Act, 2005, to enable enhanced borrowings and also allow a larger revenue deficit. On the final day of its delayed monsoon session, the state Legislature passed the FRBM Act Amendment Bill introduced by Finance Minister Buggana Rajendranath. [...]

Bihar, J’khand, UP among poorest states; Kerala, Goa have lowest poverty: Niti Aayog

New Delhi, Nov 26 (PTI) Bihar, Jharkhand and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog's first Multidimensional Poverty Index (MPI) report. As per the index, 51.91 per cent population of Bihar is poor, followed 42.16 per cent in Jharkhand, 37.79 per cent in Uttar Pradesh. While Madhya Pradesh [...]

Centre to invest Rs 10,000 cr to modernise Paradip port: minister

Paradip (Odisha), Nov 26 (PTI) Union minister Shantanu Thakur on Friday said the Centre will invest over Rs 10,000 crore to modernise Odisha's Paradip port.The minister of state for shipping inspection of the port infrastructure and the vessel traffic management system. “Paradip will be the best port in the country on the east coast. The [...]

Former RBI executive director Lily Vadera joins HDFC Bank board

New Delhi, Nov 26 (PTI) HDFC Bank on Friday said its board has approved the appointment of former RBI executive director Lily Vadera as independent director. The board of directors of the bank approved the appointment of Lily Vadera as an additional independent director of the bank for a period of five years effective from [...]

OILSEEDS PRICES

Mumbai, Nov 26 (PTI) OILS (per 10 Kgs) G.Nut Raw 1350.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1215.00 Sunflower Exp.Ref. 1310.00 Cottonseed(Refined) 1265.00 Refined Palm Oil 1195.00 Soyabean Ref. 1240.00 Imp.Soyabean Crude - Rapeseed Ref. 1740.00 Rapeseed Exp. 1710.00 Copra white 1670.00 Rice Bran 4-7% FFA - Rice Bran 1230.00 Linseed 2000.00 Castor [...]

Khadi India’s new products to provide job opportunities to farmers, youth: Rane

Jaipur, Nov 26 (PTI) New products of Khadi India will provide employment opportunities to farmers and the young generation, Union Minister for Micro, Small and Medium Enterprises Narayan Rane said on Friday. He released Khadi India's new product, an anti-bacterial cloth prepared from cow dung, at Kumarappa National Handmade Paper Institute here. Speaking on the [...]

Long term goal in India is to build robust ecosystem with audio creators ,listeners: Spotify

New Delhi, Nov 26 (PTI) Music streaming platform Spotify on Friday said its long-term goal in India is to build a robust ecosystem with audio creators, listeners, and partners. "Our long term goal in India is to build a robust ecosystem with audio creators, listeners and partners alike, invest in top-notch creators, including independent creators [...]

Europe steps up to tackle COVID-19 spike; UK sticks to ‘caution’ as its winter strategy

London, Nov 26 (PTI) The Czech Republic has declared a state of emergency, Portugal reimposed strict fines and Austria imposed a national lockdown as Europe steps up measures to tackle a worrying spike in COVID-19 infections, largely from the Delta variant. In contrast, the UK is sticking to what has been characterised as “Plan A” [...]

Ind-Ra upgrades Capacit’e Infraprojects long-term issuer rating to stable

         New Delhi, Nov 26 (PTI) Capacit'e Infraprojects Limited on Friday said ratings agency Ind-Ra has upgraded its long-term issuer rating to stable.     "India Ratings and Research (Ind-Ra) has improved its Long-Term Issuer Rating to IND BBB which is stable from IND D which was defaulter (assigned earlier)," the construction firm [...]

Withdraw Electricity (Amendment) Bill, AIPEF urges PM

Mathura, Nov 26 (PTI) The All India Power Engineers Federation (AIPEF) has written a letter to Prime Minister Narendra Modi seeking withdrawal of the Electricity (Amendment) Bill 2021 ahead of the winter session of Parliament. The bill should not be tabled as proper procedure has not been adopted in formulating the legislation, a senior office bearer [...]

UK investigates new COVID-19 variant; 6 African countries on travel ban red list

London, Nov 26 (PTI) The UK’s health authorities have confirmed that a new and “most significant” variant of COVID-19 is officially under investigation in the country as the government on Friday added six countries from southern Africa to its travel ban red list after the B.1.1.529 strain was first identified in South Africa. The latest [...]

Former SBI chief Rajnish Kumar, Choko La founder Vasudha Dinodia join Hero MotoCorp board

New Delhi, Nov 26 (PTI) Former SBI chairman Rajnish Kumar has joined the board of Hero MotoCorp as an independent director, the two-wheeler major said on Friday. It has also appointed marketing strategist and entrepreneur Vasudha Dinodia on the board as an independent director, Hero MotoCorp said in a statement. Dinodia, founder of the boutique [...]

Bihar, Jharkhand, UP emerge as poorest states in India: Niti Aayog

New Delhi, Nov 26 (PTI) Bihar, Jharkhand and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog's first Multidimensional Poverty Index (MPI) report. As per the index, 51.91 per cent population of Bihar is poor, followed 42.16 per cent in Jharkhand, 37.79 per cent in Uttar Pradesh. While Madhya Pradesh [...]

Aapai Technologies raises $20 mn funding from angel investor

New Delhi, Nov 26 (PTI) IT company Aapai Technologies on Friday announced to have raised USD 20 million in a seed round of funding from an angel investor and former minister of state in the union cabinet Satya Pal Singh has joined the board of the company as an independent director. The investment will come [...]

Tomato price rises to Rs 75 per kg in national capital

New Delhi, Nov 26 (PTI) Retail tomato price on Friday shot up to Rs 75 per kilogram in the national capital while the rates in some parts of South India softened but were still high, according to government data. In Chennai, retail tomato price declined to Rs 63 per kg on Friday from the peak [...]

Serum Institute resumes COVID vaccine exports

New Delhi, Nov 26 (PTI) Serum Institute of India, the world's largest vaccine maker, on Friday said it has resumed exports of Covishield vaccine to low- and middle-income countries with the first batch of consignment leaving its Pune facility. An unnumbered amount of doses of the AstraZeneca shot were shipped for export under the Covax [...]

Nagaland gears up for Hornbill festival from Dec 1

Kohima, Nov 26 (PTI) The Nagaland government is all set to organise the popular Hornbill festival from December 1 to help artisans and entrepreneurs associated with textile, agriculture and allied sectors, state tourism advisor Khehovi Yepthomi said on Friday. The 10-day programme, which boosts the local economy, will be held at Naga Heritage village Kisama, [...]

VIL demonstrates around 4 Gbps 5G data speed during trial

     Pune, Nov 26 (PTI) Telecom operator Vodafone Idea Ltd (VIL) on Friday demonstrated around 4 gigabit per second speed during the ongoing 5G trials.It is the highest speed showcased in the country by a telecom operator till date that has been delivered on a device for use by end customers.      The [...]

Ashok Leyland MD and CEO Vipin Sondhi resigns

New Delhi, Nov 26 (PTI) Hinduja Group flagship Ashok Leyland on Thursday said its Managing Director and CEO Vipin Sondhi has resigned from the company citing personal commitments and Dheeraj Hinduja has stepped in as executive chairman with immediate effect for business continuity. The board will meet shortly to decide on the further course of [...]

Pvt bank promoters can hold up to 26% after 15 yrs, will have to bring in more money

Mumbai, Nov 26 (PTI) The Reserve Bank on Friday accepted most of the recommendations of its working group on corporate ownership of private sector banks, by allowing unrestrained promoter shareholding in the first five years of operations and hiking the same to 26 per cent after 15 years from the extant 15 per cent and [...]

Serum Institute resumes COVID-19 vaccine exports

New Delhi, Nov 26 (PTI) Serum Institute of India -- the world's largest vaccine maker -- on Friday said it has resumed exports of Covishield vaccine to low- and middle-income countries with the first batch of consignment leaving its Pune facility. The vaccine maker has cumulatively produced 1.25 billion doses so far, a company statement [...]

NEWSALERT

Serum Institute says it has resumed exports of Covishield vaccine; 1st batch of consignment left Pune facility on Friday. PTI ANZ ABM ABM

Auto-rickshaw services provided through e-commerce platforms to attract 5% GST

New Delhi, Nov 26 (PTI) Auto-rickshaw services provided through e-commerce platforms would attract 5 per cent GST from January 1, 2022. The Revenue Department under the Finance Ministry through a notification dated November 18 withdrew the GST exemption available to auto rickshaws providing passenger transport services through e-commerce platforms. While the passenger transport services provided [...]

Investors lose over Rs 7.35 lakh cr as markets plummet

New Delhi, Nov 26 (PTI) Investors' wealth tumbled by over Rs 7.35 lakh crore on Friday, with the BSE benchmark Sensex plummeting 1,688 points amid a global selloff triggered by a new coronavirus variant. The 30-share index tumbled 1,687.94 points or 2.87 per cent to close at 57,107.15. During the day, it tanked 1,801.2 points [...]

Texmaco Rail & Engineering rights issue oversubscribed 1.35 times

Kolkata, Nov 26 (PTI) Texmaco Rail and Engineering Ltd has said its rights issue for an amount of up to Rs 164.51 crore was oversubscribed by about 1.35 times.The Kolkata-headquartered company, in an exchange filing, said the rights issue closed for subscription at 5 pm on Thursday.In October, Texmaco Rail and Engineering had said its [...]

Sebi grants recognition to BASL as accreditation agency

New Delhi, Nov 26 (PTI) Markets regulator Sebi on Friday said it has granted recognition to BSE Administration and Supervision Limited (BASL) as an accreditation agency. The recognition has been granted for three years with effect from December 01, 2021, as per the release. The renewal of the recognition would be subject to satisfactory performance [...]

Bihar CM to launch NTPC’s power units at Barauni, Barh on Saturday

New Delhi, Nov 26 (PTI) Bihar Chief Minister Nitish Kumar will dedicate to the people state-run NTPC's power units at Barauni and Barh on Saturday, a statement said. NTPC Group has an installed capacity of 7,970 MW in Bihar and another 1,980 MW is under construction. "Nitish Kumar, Chief Minister of Bihar in the presence [...]

13th India Game Developer’s Conference Concludes With 5000+ Attendees & 135 Global Speakers

More than 5000 people participated in 3 days of discussions on technology, gaming, game development & much more Hyderabad, India – Business Wire India A total of 5000 people including game developers, publishers, investors, and gaming enthusiasts came together between 16th to 18th November at the 13th edition of the India Game Developer Conference (IGDC) [...]

DIRECT EXCHANGE RATES

Mumbai, Nov 26 (PTI) FOLLOWING ARE THE DIRECT RATES OF EXCHANGE (DPE) AS ANNOUNCED BY THE STATE BANK OF INDIA HERE. ( ALL RATES IN RUPEES PER UNIT ). CURRENCY TTBUY TTSEL BILLBUY TTSEL CODE USD/INR 73.85 75.35 73.79 75.51 EUR/INR 82.31 85.12 82.24 85.29 GBP/INR 97.70 100.83 97.62 101.03 JPY/INR 63.97 66.16 63.92 66.29 [...]

NEWSALERT

India to resume scheduled international flights from December 15 after coronavirus-induced suspension: Aviation Ministry. PTI DSP SMN SMN

Sensex crashes 1,688 pts as new variant triggers global rout; investors poorer by Rs 7.35 lakh cr

Mumbai, Nov 26 (PTI) The Sensex nosedived 1,688 points while the Nifty slumped below the 17,100-level on Friday as a new and potentially vaccine-resistant coronavirus variant sent shockwaves through global markets. The variant, detected in South Africa, Botswana and Hong Kong so far, has an unusual combination of mutations, as per initial reports. Countries like [...]

Vedanta promoters pledge shares to raise Rs 6,000 cr

New Delhi, Nov 26 (PTI) Holding companies of Vedanta Ltd have raised USD 800 million (about Rs 6,000 crore) by pledging shares in the company, according to a stock exchange filing. Promoter group firms pledged 242.26 crore or 65.18 per cent shareholding in Vedanta Ltd in three facility agreements to raise the money, a Vedanta [...]

CESL inks pact with IIT Bombay to establish EV charging infrastructure

New Delhi, Nov 26 (PTI) State-owned CESL on Friday signed a Letter of Association with the Indian Institute of Technology Bombay (IIT-B) to implement electric vehicle charging infrastructure across the country.Convergence Energy Services Ltd (CESL) is a wholly-owned subsidiary of Energy Efficiency Services Ltd. Under this association, both parties will collaborate to work on technological [...]

RBI panel for no cap on promoters stake in pvt banks for 1st 5 yrs, 26pc after 15yrs

Mumbai, Nov 26 (PTI) An internal working group of the Reserve Bank on the ownership and corporate structure of private sector banks has favoured allowing promoters to maintain any percentage of holding in the first five years-- more than the present minimum of 40 per cent now favoured -- and then capping it at 26 [...]

NTPC Renewable Energy signs PPA for 325 MW solar projects

New Delhi, Nov 26 (PTI) State-run power giant NTPC on Friday said its arm NTPC Renewable Energy has inked power purchase agreement and other project agreements with Indian Railways, Madhya Pradesh Power Management Company and Rewa Ultra Mega Solar. "NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Ltd, India’s largest integrated energy company has [...]

Tomato prices to remain elevated for two more months: Crisil Research

Mumbai, Nov 26 (PTI) Wayward and excess rains have resulted in the ongoing spike in vegetable prices, and the cost of tomatoes will continue to be at elevated levels for two more months, Crisil Research said on Friday. The situation in Karnataka, one of the major tomato growing regions, is so "grim" that the vegetable [...]

NEWSALERT

RBI panel favours hiking the minimum holding of promoters in pvt banks to 26 pc after 15 years from the present 15 pc. PTI BEN MR MR

Bihar, Jharkhand, UP emerge as poorest states in India: Niti Aayog

New Delhi, Nov 26 PTI) Bihar, Jharkhand and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog's first Multidimensional Poverty Index (MPI) report. As per the index, 51.91 per cent population of Bihar is poor, followed 42.16 per cent in Jharkhand, 37.79 per cent in Uttar Pradesh. While Madhya Pradesh [...]

India faces uphill battle to meet 2030 climate targets: Fitch

New Delhi, Nov 26 (PTI) India must substantially alter its current trajectory if it has to deliver on Prime Minister Narendra Modi's climate targets for 2030, Fitch Solutions said on Friday. Modi at the COP26 announced India by 2030 will increase its non-fossil fuel power generation capacity to 500 GW, generate 50 per cent of [...]

Sri Lanka’s Supreme Court forms bench to hear petition against controversial US energy deal

Colombo, Nov 26 (PTI) Sri Lanka's Supreme Court on Friday named a five-member bench to hear the fundamental rights petitions challenging a controversial US energy deal signed by the government two months ago. The petitions were filed by two Opposition parties -- the Archbishop of Colombo, Cardinal Malcolm Ranjith and a Buddhist Monk, Elle Gunawansa [...]

VIL demonstrates around 4 Gbps 5G data speed during trial

Pune, Nov 26 (PTI) Telecom operator Vodafone Idea Ltd (VIL) on Friday said it has achieved around 4 gigabit per second speed during the ongoing 5G trials. The speed was achieved in the 26 gigahertz spectrum band, or the millimeter band, which is proposed to be put for sale in the future auction. "We have been [...]

Encube to acquire Soframycin in India, Sri Lanka for Rs 125 cr

Mumbai, Nov 26 (PTI) Encube Ethicals, which has been manufacturing Soframycin for two decades, on Friday announced that it will be acquiring the skin cream and associated brands for the Indian and Sri Lankan market for a consideration of Rs 125 crore. The company started in Goa 23 years ago has agreed to enter into [...]

Corelle India Strengthens Its Partnership With Stone Sapphire Pvt. Ltd. As Their Sole Distributor in India

Mumbai, Maharashtra, India – Business Wire India • Corelle India, a world leader in the kitchenware industry • Enters into a distribution partnership to accelerate its growth plans in the Indian cookware market Corelle Brands LLC, an Instant Brands company, is a global leader in the kitchenware segment. Headquartered in Rosemont, Illinois, the company manufactures [...]

Coding Ninjas announces winners of Code Kaze Season 5

• Offer rewards worth Rs. 10 Lakh • Bhartesh Kaushik & Atul Tyagi were adjudged as winners • Winners get Rs.50,000 & interview opportunities • Assured cash prize for the top 10 winners • 'Code Kaze' was held in partnership with Nasscom-Futureskills: fully-armed with placement partners • Internship interview opportunities with Coding Ninjas • A [...]

Vedanta’s Sesa Goa iron ore biz pledges to become carbon neutral by 2050

New Delhi, Nov 26 (PTI) Vedanta on Friday said its Sesa Goa iron ore business is looking to achieve carbon net neutrality by 2050. In line with the country's larger vision of net zero carbon economy, the company has devised a comprehensive plan to achieve this goal, the company said in a statement. To reduce [...]

4 industrial smart cities being developed under DMIC: Commerce Ministry

New Delhi, Nov 26 (PTI) Four greenfield industrial cities or nodes are being developed in Gujarat, Maharashtra, Uttar Pradesh and Madhya Pradesh under the Delhi-Mumbai Industrial Corridor (DMIC), and major trunk infrastructure works have been completed there, the commerce and industry said on Friday. In these cities, 138 plots (754 acres) have been allotted to [...]

Crude oil futures dip on weak spot demand

New Delhi, Nov 26 (PTI) Crude oil prices on Friday fell by Rs 297 to Rs 5,540 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for December delivery dropped by Rs 297, or 5.09 per cent, to Rs 5,540 per barrel with a business volume of 6,429 lots. Analysts [...]

NCLAT extends time for completing insolvency process for Vasan Healthcare

New Delhi, Nov 26 (PTI) The National Company Law Appellate Tribunal has granted more time till November 30 for completing the insolvency resolution process for Vasan Healthcare and set aside an NCLT order, saying the timeline could be extended in view of exceptional circumstances and save the company from liquidation. A two-member Chennai Bench of [...]

Bihar, Jharkhand, UP emerge as poorest states in India: Niti Aayog

New Delhi, Nov 26 PTI) Bihar, Jharkhand and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog's Multidimensional Poverty Index (MPI). As per the index, 51.91 per cent population of Bihar is poor, followed 42.16 per cent in Jharkhand, 37.79 per cent in Uttar Pradesh. While Madhya Pradesh (36.65 per [...]

13th Anniversary of 26/11 attacks in Mumbai

On the night of 26 November 2008, ten Kalashnikov-wielding terrorists attacked Mumbai. They struck simultaneously at five locations, shooting dead 140 Indians and 25 foreign tourists. The attack was unique as it targeted Western nationals apart from Indian civilians to ensure greater global interest and attention. A Pakistani-American jihadist named David Headley (original name: Dawood [...]

Social For Action: Crowdfunding Solutions That Help In Empowering People

- 'Social for Action' is a Maharashtra-based not-for-profit initiative by the Sakal Social Foundation - Bringing out the ability of good in people through generosity PUNE, India, Nov. 26, 2021 /PRNewswire/ -- People must believe in the power to make someone smile, to save a life. Brilliant ideas and social change can make an impact [...]

Singapore restricts travellers from 7 African countries hit by more contagious COVID-19 variant

Singapore, Nov 26 (PTI Singapore will restrict entry of people with recent travel history to seven African countries after reports that a potentially more contagious COVID-19 variant may be circulating there, the Ministry of Health said on Friday.From 11.59 PM (local time) on Saturday, all long-term pass holders and short-term visitors with travel history within [...]

Refined soya oil futures fall on low demand

New Delhi, Nov 26 (PTI) Refined soya oil prices on Friday fell by Rs 9.3 to Rs 1,235.9 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 9.3, or 0.75 per cent, [...]

Guar seed futures decline on low demand

New Delhi, Nov 26 (PTI) Guar seed prices on Friday slipped by Rs 86 to Rs 6,009 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery was trading down by Rs 86, or 1.41 per cent, at Rs 6,009 per 10 quintal with an open interest [...]

Guar gum futures fall on low demand

New Delhi, Nov 26 (PTI) Guar gum prices on Friday fell Rs 231 to Rs 10,820 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 231 or 2.09 per cent, [...]

Cottonseed oil futures fall on soft demand

New Delhi, Nov 26 (PTI) Cottonseed oil cake prices on Friday declined by Rs 23 to Rs 2,691per 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. On [...]

Govt can consider phased manufacturing plan for AC industry: Jain

New Delhi, Nov 26 (PTI) The government is willing to look at extending a phased manufacturing plan (PMP) for the AC industry to check imports and increase local value addition and employment, a top official has said. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain said this while responding [...]

MyGate to hire 200 people by March 2022

New Delhi, Nov 26 (PTI) MyGate, an app-based security management system for gated communities, plans to create over 200 new jobs by March 2022 as it looks to expand new business verticals, such as Community and Brand Engagement and Home Services. The company, which helps gated communities manage their security and operations by digitising and [...]

India needs national disaster pool to hedge natural disaster risks: Report

Mumbai, Nov 26 (PTI) With the incidents and severity of natural calamities rising by the year, a report has called for creating a national disaster pool, as the country is amongst the most disaster-prone countries in the world. India ranks third, after the US and China in the number of natural disasters since 1900, with [...]

Tega Industries sets IPO price band at Rs 443-453/share

New Delhi, Nov 26 (PTI) Tega Industries, manufacturer of consumables for the mining industry, on Friday said it has fixed a price band of Rs 443-453 a share for its Rs 619-crore initial share-sale. The three-day initial public offering (IPO) will open on December 1 and conclude on December 3, the company announced. The IPO [...]

CPhI partners with Informa Pharma Intelligence to present the 2021 Hybrid Edition of CPhI – P-MEC Expo in the National Capital Region ( NCR)

NEW DELHI, Nov. 26, 2021 /PRNewswire/ -- Informa Pharma Intelligence, one of the leading business intelligence providers and knowledge partners, is pleased to announce the 2021 hybrid edition of CPhI – P-MEC conducted by CPhI Conference. The Online Conference & Networking is being held between 15th to 30th Nov 2021, while the In-Person event is [...]

Amazon, Asian Paints, Tata Tea top rankers in Kantar’s purposeful brands ranking

New Delhi, Nov 25 (PTI) Amazon, Asian Paints and Tata Tea have emerged as the most purposeful leaders in India across technology, non-FMCG and FMCG categories respectively, as per the latest BrandZ India report by insights and consulting firm Kantar. In the technology category, Amazon is followed by Zomato, YouTube, and Google and Swiggy jointly [...]

Amazon writes to Future Retail’s independent directors alleging ‘financial irregularities’

New Delhi, Nov 25 (PTI) Amazon has written to the independent directors of Future Retail Ltd (FRL) alleging "significant financial irregularities", and said this warrants a "thorough and independent examination" of relevant facts and related party transactions between FRL and other Future Group entities. FRL, however, has asserted that the US e-commerce major has no [...]

Only 29 FDI proposals pending for approval as of today: DPIIT secy

New Delhi, Nov 25 (PTI) Foreign direct investment (FDI) proposals are being cleared and as of today only 29 applications are pending, a top government official said on Thursday. Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Anurag Jain also said those FDI proposals which deserve proper consideration under Press Note 3 (PN3) [...]

CIL consolidating its sustainable development goals: Govt

New Delhi, Nov 25 (PTI) The government on Thursday said state-owned Coal India Ltd (CIL) is quietly engaged in further consolidating its sustainable development goals. In many of the backward and remote hamlets of the country, CIL and its subsidiaries are bringing about tangible improvements in basic amenities and the living standards of the villagers, [...]

Centre urged to defer GST rate hike on apparels

Kolkata, Nov 25 (PTI) Expressing concern over the Centre’s recent notification on higher GST rates for several apparel items from January 1 next, a prominent hosiery manufacturers’ association has sought its deferment, saying it will impact the common man and those in the MSME sector. The proposed change in the rate from the existing 5 [...]

Fitch affirms Bharti Airtel at ‘BBB-‘; outlook negative

New Delhi, Nov 25 (PTI) Fitch Ratings has affirmed Bharti Airtel's long-term foreign currency Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'.The outlook on the IDR is negative, Fitch Ratings said in a statement.Fitch has also affirmed Bharti Airtel International (Netherlands) BV's senior unsecured guaranteed bonds at 'BBB-' and Network i2i Limited's subordinated [...]

MoS Agri Shobha Karandlaje visits ministry’s stall at trade fair in national capital

New Delhi, Nov 25 (PTI) Union Minister of State for Agriculture Shobha Karandlaje on Thursday visited the stalls of her ministry at the India International Trade Fair-2021 at Pragati Maidan here and said exhibitions provide an important platform to promote central schemes. The Ministry of Agriculture and Farmers Welfare is participating in the India International [...]

MoS Health reviews working of food regulator FSSAI

New Delhi, Nov 25 (PTI) Union Minister of State for Health and Family Welfare Bharati Pravin Pawar on Thursday reviewed the working of food regulator FSSAI and stressed on the need to create awareness among next generation about food choices. She visited the office of Food Safety and Standards Authority of India (FSSAI) and flagged [...]

New legal framework evolving on tech, internet; data protection bill step towards that: MoS IT

New Delhi, Nov 25 (PTI) A new and modern legal framework will start taking shape in the country around technology and internet, and the data protection bill is the first step towards that, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Thursday.Chandrasekhar further said digitalisation of the government and public services is [...]

Haryana to prepare plan for mapping Rabi crops: Minister

Chandigarh, Nov 25 (PTI) Haryana Agriculture and Farmers' Welfare Minister J P Dalal on Thursday asked concerned officials to prepare a plan for mapping Rabi crops so that no problem arises while conducting the crop mapping. Dalal gave the instruction during a meeting with the officers of Agriculture and Farmers' Welfare Department here, an official [...]

Union Bank of India extends chief risk officer’s tenure by 3 months

New Delhi, Nov 25 (PTI) Union Bank of India on Thursday said it has extended the tenure of its chief risk officer B S Venkatesha by three months from mid December.The decision was taken in a meeting of the board of directors, it said."The board of directors, at its meeting held on November 25, 2021, [...]

Banning cryptocurrencies could lead to more unlawful usage: BACC

New Delhi, Nov 25 (PTI) The Blockchain and Crypto Assets Council (BACC), which is part of the Internet and Mobile Association of India (IAMAI) on Thursday said a blanket ban on cryptocurrencies will encourage non-state players, thereby leading to more unlawful usage of such currencies. BACC's statement comes days after the government listed for introduction [...]

IoT-enabled vending machines, smart stores to accelerate growth of F&B industry, say experts

New Delhi, Nov 25 (PTI) Internet of Things (IoT)-enabled and digitally connected vending machines and smart-stores in the food and beverage (F&B) industry are new-age retail distributors which will accelerate the growth of the sector, industry experts said on Thursday. Speaking at a webinar on 'Intelligent Retailing', they also noted that consumer behaviour is changing [...]

BMW to launch three electric vehicles in next 6 months in India

New Delhi, Nov 25 (PTI) German luxury car maker BMW on Thursday said it will launch three electric vehicles in the next 6 months in India to accelerate its electric mobility journey in the country. To start with, the company will launch its technology flagship all-electric SUV iX in the next one month which will [...]

PRICES MUM BULLION CLOSING

Mumbai, Nov 25 (PTI) SILVER SPOT (IN RS PER kg): 63308.00 STANDARD GOLD (99.5) : 47496.00 PURE GOLD (99.9) : 47687.00 --------------------- PTI MUM SVC SHW SHW

IBC has brought change in attitude of lenders, borrowers: Goyal

New Delhi, Nov 25 (PTI) The Insolvency and Bankruptcy Code (IBC) has brought about change in the attitude of both lenders and borrowers, besides promoting ease of doing business, Commerce and Industry Minister Piyush Goyal said on Thursday. Goyal said IBC is a game changing reform compared to the past, when resolution would take probably [...]

AMNS India takes 45,000 sqft space on rent at BKC to set up office

New Delhi, Nov 25 (PTI) Gujarat-based steel maker ArcelorMittal Nippon Steel India has taken on rent 45,000 sqft area at Bandra-Kurla Complex (BKC) to set up an office, sources said on Thursday.The company has taken the space at the commercial business hub in Mumbai from Raheja Towers for a period of five years, they said.  [...]

New legal framework evolving on tech, internet; data protection bill step towards that: MoS IT

New Delhi, Nov 25 (PTI) A new legal framework will start taking shape in the country around technology and internet, and the data protection bill is the first step towards that, Minister of State for Electronics and IT Rajeev Chandrasekhar said on Thursday.Chandrasekhar further said digitalisation of the government and public services is going to [...]

IOC pays Rs 2,424 cr as dividend tranche to govt

New Delhi, Nov 25 (PTI) The government has received Rs 2,424 crore as dividend tranche from Indian Oil Corporation (IOC), DIPAM Secretary Tuhin Kanta Pandey said on Thursday. During the current financial year 2021-22 (April-March) so far Rs 20,222.40 crore has been received as dividend from central public sector enterprises. "Government has received Rs 2,424 [...]

Reliance to transfer gasification assets to subsidiary

New Delhi, Nov 25 (PTI) Reliance Industries Ltd will transfer its Jamnagar syngas project to a subsidiary it owns fully with a view to unlock value, a company statement said. Used for energy production, syngas is a combination of hydrogen, carbon monoxide and some carbon dioxide that is typically manufactured by gasifying a solid hydrocarbon [...]

FSSAI seeks public comments on regulation of GM food

New Delhi, Nov 25 (PTI) Food safety regulator FSSAI has sought public comments on draft regulation on manufacture, storage, distribution, sale and import of any food or food ingredient derived from genetically modified organisms (GMOs). Food Safety and Standards Authority of India (FSSAI), in its draft notification, has also proposed that all food products having [...]

Business briefs

*Scripbox launches wealth management services for defence personnel       New Delhi, Nov 25 (PTI) Digital wealth manager Scripbox on Thursday announced the launch of Jai Hind, wealth management services exclusively tailored to the needs and aspirations of India's defence personnel.        It is offering curated wealth management plans that will help [...]

Markets stage a comeback as RIL rebounds over 6 pc

Mumbai, Nov 25 (PTI) Equity benchmark Sensex overcame a wobbly start to close with smart gains on Thursday, propelled by hectic buying in index heavyweight Reliance Industries amid expiry of monthly derivative contracts. A depreciating rupee, persistent foreign fund outflows and mixed global cues capped the gains, traders said. Reversing the previous session's losses, the [...]

Truecaller adds new features for Android phone users in India

New Delhi, Nov 25 (PTI) Caller identification app Truecaller on Thursday said it will be rolling out new features, including video caller ID, call recording, and premium features like 'Ghost Call' and 'Announce Call' for Android phone users in India in the coming weeks. Headquartered in Stockholm, Sweden, Truecaller has about 300 million monthly users [...]

Affine, IITM-AMTDC announce collaborative research and testing of new age technology in manufacturing

Chennai, Nov 25 (PTI): Leading artificial intelligence and data engineering solutions provider Affine on Thursday said it has collaborated with Advanced Manufacturing Technology Development Centre, a Centre of Excellence on Machine Tools set up by IIT Madras, to research and test technology developments. The Advanced Manufacturing Technology Development Centre in association with Affine would research [...]

TVS Credit, IIT-Madras sign MoU to set up innovation programmes

Chennai, Nov 25 (PTI): TVS Credit Services Ltd, part of the USD 8.5 billion TVS Group on Thursday said it has signed a memorandum of understanding with Indian Institute of Technology, Madras to carry out joint research activities. The partnership aims to provide technology solutions in the space of financial technology and data science. Under [...]

India’s gas consumption to jump more than 3 times by 2030: GAIL Director

New Delhi, Nov 25 (PTI) India's natural gas consumption is projected to rise to as much as 550 million standard cubic meters per day by the end of the decade from about 174 mmscmd now as the user base expands with the inclusion of newer industries such as steel, GAIL (India) marketing director E S [...]

Simpliwork Offices to invest Rs 650 cr over next 2 years to expand biz

New Delhi, Nov 25 (PTI) Realty firm Salarpuria Sattva's co-promoted Simpliwork Offices on Thursday said the company will invest Rs 650 crore over the next two years to expand its business and meet rising demand of flexible workspace following the COVID-19 pandemic.Salarpuria Sattva, one of the leading real estate firms in the country with large [...]

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