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Pharma stock jumps 3.3% after company’s board approves 2:1 bonus issue
In Friday’s trading session, the shares of a company engaged in manufacturing pharmaceutical products surged by 5 percent to reach a new 52-week high of Rs. 68.4. This increase followed the company’s Board approval of a 2:1 bonus issue and a Rs. 50 crore fundraise. With a market capitalisation of Rs. 74.02 crores, at 12:53 [...]
2 Stocks in focus after receiving orders of up to ₹ 28.50 Cr
On Friday’s trading session, Indian stock market benchmarks, the Sensex and the Nifty 50, each plunged 1 percent in early trade due to an across-the-board selloff amid weak global cues. The Nifty 50 opened at 24,789, compared to its previous close of 25,010.90, and quickly declined 1 percent to 24,751.10. Similarly, the Sensex opened at [...]
Chemical stock hits upper circuit after announcing 5:1 stock split and 100% YoY increase in net profits
The chemical and metal manufacturer's shares hit a 2 percent upper price band after reporting a remarkable 100 percent year-on-year increase in net profits. The stock has delivered over 234 percent returns in the past year. Share Price Variation In Friday’s trading session, the share price of POCL Enterprises Ltd. hit the 2 percent upper [...]
Green energy stock jumps 9% after receiving orders worth ₹ 53.23 Cr from multiple clients
The shares of the leading transmission tower manufacturer gained up to 9 percent from an intraday low after the company received a new order from multiple clients worth Rs 53.23 crore. With a market capitalization of Rs 2,585.75 crore, the shares of KP Green Engineering Ltd were trading at Rs 522.85 per share, increasing around [...]
2 Tata group stocks underperform in 2024; Should you hold or sell?
TATA Group is one of India's largest conglomerates, comprising 30 companies across ten verticals. The group operates in over 100 countries across six continents. Tata Sons is the primary investment holding company and promoter of Tata Companies. The group's presence spans a diverse array of sectors. As of March 31, 2024, 26 Tata companies are [...]
Ashish Kacholia stock in focus after SBI Mutual Fund buys stake in the company
Chemical stock which is one of the leading research and development-driven manufacturers of Advanced Pharmaceutical Intermediates and specialty chemicals in focus after SBI Mutual Fund picks a stake in it. Price Action With a market capitalization of Rs. 5,522 Crores, the shares of Ami Organics Limited were trading at Rs. 1,356 per equity share, up [...]
Large cap stock jumps 18.6% after receiving buy call for an upside of 35%; Do you hold it?
India's food aggregator industry, worth $4.66 billion in 2020, is projected to grow at a 12.2% CAGR from 2021 to 2027. The sector thrives on urbanization, smartphone penetration, and rising online food ordering, with millions of monthly active users. With a market capitalization of Rs 2.38 lakh crore, the shares of Zomato Ltd were trading [...]
Waste management stocks with high piotroski score; Are you holding any?
The Piotroski score, which ranges from zero to nine, evaluates a company's financial health based on nine factors. To identify the best-value companies, the Piotroski score is employed, with nine being the best and zero representing the worst. Here are the 3 stocks with a high Piotroski Score of up to 7. Va Tech Wabag [...]
Small cap stocks with high dividend yield of up to 33% to add to your watchlist
Investors are attracted to high dividend offering stocks as they assure them a tax-free income on hand, and investors invest in those stocks to gain only dividend yield based on their investments. Dividend payments made by a company could be considered taken as a sign of stability and potential growth, which can attract investors and [...]
Auto stock under ₹ 250 announces growth guidance and capex for EVs; Receives target with 20% upside
The company manufactures and sells commercial vehicles, including buses, trucks, engines for industrial and marine applications, forgings, and castings. Management aims to expand the product line and enter new markets, leveraging expertise in high-quality manufacturing to drive sustainable growth and profitability. Ashok Leyland Ltd. Ashok Leyland is the second-largest manufacturer of commercial vehicles in India [...]
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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
Annapurna Finance raises USD 20 million from Germany-based DEG
Mumbai, Nov 25 (PTI) Odisha-based NBFC-MFI Annapurna Finance on Thursday announced an equity investment of USD 20 million (Rs 150 crore) from DEG – Deutsche Investitions – und Entwicklungsgesellschaft, a Germany-based development finance institution. The fund raised would be channelised to further boost the financial inclusion objectives, thereby getting an increasing number of women borrowers [...]
Community Kitchen Scheme: Centre sets up group of state food secretaries to discuss framework
New Delhi, Nov 25 (PTI) Affirming the need to set up simple and transparent community kitchens for the needy not covered under PDS, Union Food Minister Piyush Goyal on Thursday announced setting up of a group of state food secretaries to deliberate on the framework of a new scheme. A decision in this [...]
Daimler India to tap used commercial vehicles biz; partners with Shriram Automall
Chennai, Nov 25 (PTI): Daimler India Commercial Vehicles, the 100 per cent subsidiary of Stuttgart-based Daimler on Thursday said it was expanding the exchange business portfolio, by forming a strategic tie-up with Shriram Automall India Ltd (SAMIL). Accordingly, the 'strategic tie-up' would offer robust support to all commercial vehicle customers in exchanging their used vehicles, [...]
JSW Energy board approves reorganisation of green, grey biz
New Delhi, Nov 25 (PTI) The board of JSW Energy has approved reorganisation of green (renewable) and grey (thermal) businesses, the company said on Thursday. As a result of this re-organisation, all the existing and upcoming renewable energy businesses will be housed under ‘JSW Energy Neo Limited’, a wholly-owned subsidiary of the company, JSW Energy [...]
Strong demand, rising vaccination rate drive positive outlook for Indian corporates: Moody’s
New Delhi, Nov 25 (PTI) Moody's Investors Service on Thursday said India's rising vaccination rate, low interest rates and higher public spending drive the positive outlook for corporate sector.Moody's projects India's economic growth will rebound strongly, with GDP expanding 9.3 per cent in the current fiscal ending March 2022, followed by 7.9 per cent in [...]
Xcelerate Inks Strategic Equity Partnership With Aparajitha
CHENNAI, India, Nov. 25, 2021 /PRNewswire/ -- Xcelerate Pte Ltd today announced a strategic equity partnership with Aparajitha Corporate Services Pvt. Ltd. (Aparajitha), a leading Compliance Services solutions provider in India, by acquiring a controlling stake. Xcelerate Pte Ltd (Xcelerate), a Singapore headquartered platform, is creating a Governance, Risk and Compliance (GRC) investment and operational [...]
PM Modi to inaugurate 10th edition of Vibrant Gujarat Global Summit
New Delhi, Nov 25 (PTI) Prime Minister Narendra Modi will inaugurate on January 10 the three-day Vibrant Gujarat Global Summit 2022 at Gandhinagar that seeks to attract investments in the state across sectors. The 10th edition of Vibrant Gujarat Global Summit (VGGS) is based on the theme of ‘From Aatmanirbhar Gujarat to Aatmanirbhar Bharat’. Several [...]
PayU becomes fully certified token requestor and token service provider for Mastercard and Visa
NEW DELHI, Nov. 25, 2021 /PRNewswire/ -- PayU, India's leading online payments solutions provider, announced that it has been fully certified by Mastercard and Visa as a token requestor and token provider. After achieving this certification, PayU will now have the ability to act as token requestors on behalf of merchants. The certification by major [...]
Crude oil futures dip on weak spot demand
New Delhi, Nov 25 (PTI) Crude oil prices on Thursday fell by Rs 15 to Rs 5,846 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for December delivery dropped by Rs 15, or 0.26 per cent, to Rs 5,846 per barrel with a business volume of 3,707 lots. Analysts [...]
Wint Wealth partners with U Gro Capital to launch bonds for retail investor
Mumbai, Nov 25 (PTI) Zerodha-backed alternative debt asset platform Wint Wealth on Thursday said it has tied up with U Gro Capital to launch Wint Bricks Nov21 to bring senior secured bonds for retail investors. The size of the bond issue is Rs 50 crore and is collateralized by at least Rs 62.5 crore worth [...]
Schneider Electric launches ‘Green Yodha’ initiative in India
New Delhi, Nov 25 (PTI) Schneider Electric on Thursday launched its sustainability engagement initiative, Green Yodha, in India to encourage industries, businesses and people to take concrete climate action. The call intends to back the increased commitment of India made at COP26. "Schneider Electric, the leader in digital transformation of energy management and automation, today [...]
Fairplay: High Chances of Winning on Bets Only on Fairplay
India – Business Wire India The online betting system works in three major odds which is nothing but the possibility of winning a bet. The winning chances are probably high on fairplay as people get a significant amount in their bet. Fairplay as well as other betting platforms works on decimal odds which helps customers [...]
ADB approves USD 1.5 bn loan to India for purchasing COVID-19 vaccines
New Delhi, Nov 25 (PTI) The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement. "ADB today approved a USD 1.5 billion loan to help the Government of India purchase safe and effective vaccines against the coronavirus disease (COVID-19)," ADB said in a statement [...]
Caim by årelang™ Naturals Founded by Nikita Naterwalla Launches Its Range of Candyceuticals in India
Mumbai, Maharashtra, India – Business Wire India • Brings nutritional solutions rooted in age-old remedies with a scientific and modern spin • Flavorsome nutritional supplements in the form of guilt free confectionery to rejuvenate and reawaken good health • Backed by science to embrace a modern lifestyle Arelang Naturals®, a company that aims to educate [...]
Genesys International Ltd files two patents in 3D and Mobile mapping space
Essential for E-commerce, BFSI, Public Utility companies and Urban Governance bodies MUMBAI, India, Nov. 25, 2021 /PRNewswire/ -- Genesys International, a pioneer in advanced mapping solutions, has filed for the registration of two new patents of technologies and processes developed based on their extensive geospatial work executed over the years. The first patent provides a [...]
The Art of Living Presents ‘The Unknown Edge’ by Rajita Kulkarni Bagga
Book Release: The Unknown Edge- A former banker reveals in this book her mystical story of surviving 26/11, shares experiences of fear and faith, and her journey in balancing spirituality with business MUMBAI, India, Nov. 25, 2021 /PRNewswire/ -- 13 years after one of the deadliest terror attacks rocked the city of Mumbai on 26/11, [...]
Refined soya oil futures fall on low demand
New Delhi, Nov 25 (PTI) Refined soya oil prices on Thursday fell by Rs 1.4 to Rs 1,244.2 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 1.4, or 0.11 per cent, [...]
India attempts to become a major player in global hydrogen economy
The pursuit of a hydrogen economy has become the new frontier in technologically advanced countries. Hydrogen can be used to generate clean energy — a key development for many nations transitioning towards net carbon zero. India is the second Asian nation to announce a pivot towards green hydrogen. In August, PM Narendra Modi announced the [...]
Airtel conducts 5G trial in 700 MHz band in partnership with Nokia
New Delhi, Nov 25 (PTI) Telecom operator Bharti Airtel on Thursday said it has conducted India's first 5G trial in the 700 MHz spectrum band in partnership with Nokia. The demonstration, which was conducted on the outskirts of Kolkata, also marked the first 5G trial in the eastern India, the company said in a statement.Airtel has [...]
Guar seed futures rise on fresh bets
New Delhi, Nov 25 (PTI) Guar seed prices on Thursday rose by Rs 80 to Rs 6,125 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend in spot market.On the National Commodity and Derivatives Exchange, guar seed for December contracts increased by Rs 80, or 1.32 per cent, [...]
Pvt credit can be USD 89 bn opportunity in next five years: Report
Mumbai, Nov 25 (PTI) Non-bank lenders and credit funds can invest up to USD 89 billion in performing private credit delivering returns of over 12 per cent, in next five years, a report said on Thursday. Stressed asset investment opportunities over next five years, emanating from existing stock of unresolved NPAs, fresh credit defaults, and [...]
PRICES MUM BULLION OPEN
Mumbai, Nov 25 (PTI) SILVER SPOT (IN RS PER kg): 63200.00 STANDARD GOLD (99.5) : 47523.00 PURE GOLD (99.9) : 47714.00 -------------------- PTI MUM SVC SHW SHW
PRICES MUM BULLION OPEN
Mumbai, Nov 25 (PTI) SILVER SPOT (IN RS PER kg): 63200.00 STANDARD GOLD (99.5) : 47523.00 PURE GOLD (99.9) : 47714.00 -------------------- PTI MUM SVC SHW SHW
Guar gum futures gain on spot demand
New Delhi, Nov 25 (PTI) Guar gum prices on Thursday gained Rs 310 to Rs 11,200 per five quintal in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for December delivery traded higher 2.85 per cent, or Rs 310, to Rs 11,200 per [...]
Govt has identified 101 projects under PM Gati Shakti National Master Plan: Sarbananda Sonowal
New Delhi, Nov 25 (PTI) The Ministry of Ports, Shipping and Waterways has identified 101 projects under the PM Gati Shakti National Master Plan to enhance port connectivity with consumption and production centres, union minister Sarbananda Sonowal said on Thursday. Addressing an event organised by industry body CII virtually, the Ports, Shipping and Waterways minister [...]
ITC starts clinical trials of nasal spray for COVID-19 prevention
Cigarette-to-FMCG conglomerate ITC on Thursday confirmed that it is developing a nasal spray for COVID-19 prevention for which it has initiated clinical trials. ITC Life Sciences and Technology Centre (LSTC) is an unlisted subsidiary of ITC. It is engaged in science-led product innovation to support and build its wide range of product portfolios. ITC Life [...]
ITC starts clinical trials of nasal spray for COVID-19 prevention
New Delhi, Nov 25 (PTI) Diversified entity ITC on Thursday confirmed that it is developing a nasal spray for COVID-19 prevention for which it has initiated clinical trials. Developed by scientists at ITC Life Sciences and Technology Centre (LSTC), Bengaluru, the company plans to market the nasal spray under the Savlon brand once it gets [...]
CSR budgets of cos must create social, environment, business value: VK Saraswat
New Delhi, Nov 25 (PTI) The corporate social responsibility budgets of companies must create social, environment and business value, Niti Aayog member V K Sarawat said on Thursday. Addressing 'National CSR Network' virtual round table, Saraswat further said corporate social responsibility (CSR ) should also promote artificial intelligence and automation activities. "CSR budgets must create [...]
Cricket for India and American College Cricket Join Hands to Promote the Sport
Mumbai, Maharashtra, India (NewsVoir) Cricket, India’s most cherished sport, the game that turns strangers into friends and friends into healthy competitors, over the toss of a ball or the swing of a bat has seen a meteoric rise in popularity in non-traditionally cricket playing countries over the last decade. American College Cricket and Cricket for [...]
Vedanta announces mission statement ‘Transforming for Good’ in line with ESG Goals
- New mission statement is backed by 3 pillars: Transforming communities, Transforming the planet, and Transforming the workplace - Company is focused on being the ESG leader in natural resources sector NEW DELHI and MUMBAI, India, Nov. 25, 2021 /PRNewswire/ -- Vedanta, a global natural resources company, has announced the evolution of its mission statement [...]
CoreStack Closes $30 Million Series B Financing Round Led by Avatar Growth Capital
- Existing Investors Iron Pillar, Dallas Venture Capital and other Angel Investors participate in this funding CHENNAI, India, Nov. 25, 2021 /PRNewswire/ -- CoreStack, a global multi-cloud governance SaaS provider, today announced a $30 million Series B funding round led by Avatar Growth Capital, with continued participation from Dallas Venture Capital (DVC), Iron Pillar, and [...]
Hydrogen rush could shift world energy order
Stavanger (Norway), Nov 25 (360info) In a small room in Delft, Netherlands, a group of engineering students ponder what energy systems might look like in 2050. Across the North Sea in Stavanger, Norway, students of international relations consider how the world order might shift if there were universal access to renewable energy. The engineers know [...]
Responsibility for content on social media platforms, websites must be clearly defined: Vaishnaw
New Delhi, Nov 25 (PTI) The responsibility for content put out on social media platforms and websites should be "clearly defined", IT Minister Ashwini Vaishnaw said on Thursday. The Minister further said changes in technology and internet over the last few decades requires fundamental rethink in the governance structure of the internet. "The way content [...]
St Kitts and Nevis Will Host Major Cricket Tournament in 2022, Showcasing World-Class Sports Facilities and Hospitality
LONDON, Nov. 25, 2021 /PRNewswire/ -- In a historic move, St Kitts and Nevis will be one of four Caribbean countries to host the International Cricket Council (ICC) Under 19 Men's Cricket World Cup in 2022. The tournament will feature 16 countries in 48 matches and will run from January 14th to February 5th. Teams [...]
James Cook University in Singapore’s business accreditation by AACSB International is an honour that represents excellence in business education.
SINGAPORE, Nov. 25, 2021 /PRNewswire/ -- AACSB International has officially announced that James Cook University (JCU), Singapore has earned the business accreditation from AACSB — a sign of excellence in business education. Achieving this accreditation involves a rigorous review process, and evaluation conducted by peers in the business education community. "AACSB accreditation recognises institutions that [...]
Grammy® Winner Ricky Kej does India proud by securing another Grammy® Nomination for his album ‘Divine Tides’
BANGALORE, India, Nov. 25 2021 /PRNewswire/ -- Indian Music Composer and Grammy® Winner Ricky Kej has been nominated again for his latest album 'Divine Tides' with Rock-legend Stewart Copeland (The Police) at the 64th Annual Grammy® Awards. The nominations were announced yesterday by the CEO of the Recording Academy, Harvey Mason Jr. Ricky Kej's previous [...]
IRONMAN Asia appoints Milind Soman as ambassador for the Standard Chartered Singapore Marathon 2021
Ambassador role will see him inspire India by running the 42KM Virtual Marathon across four Indian cities SINGAPORE, Nov. 25, 2021 /PRNewswire/ -- IRONMAN Asia, organiser of Southeast Asia's premier running event, the Standard Chartered Singapore Marathon (SCSM), has signed superstar Milind Soman as the ambassador for SCSM 2021. As ambassador, the actor, producer, supermodel [...]
ITF: Domestic violence is a workplace issue and a men’s issue, unions tell employers
- A new report calls on employers to do more to tackle domestic violence amongst its predominantly male staff with key recommendations for how to do this. - The report details how workplaces are at greater risk of accidents, injuries and fatalities when men engage in domestic violence at work. - The report was produced [...]
TRON’s first GameFi product WIN NFT HORSE will launch on BINANCE NFT IGO
SINGAPORE, Nov. 25, 2021 /PRNewswire/ -- On 25th November, WIN NFT HORSE will grandly launch on BINANCE NFT IGO. A limited number of WIN NFT HORSE Mystery Box will be sold in a fixed price instant-sale format on a first come first serve basis. Project Vision: WIN NFT HORSE is a "Gamefi + NFT" horse [...]
RDIF announces major Sputnik V efficacy data from San Marino, an upcoming registration of the Sputnik M vaccine and reiterates vaccine combos are the key to fight the pandemic
MOSCOW, Nov. 24, 2021 /PRNewswire/ -- The Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) today announced new positive real-world data of the Ministry of Health of the Republic of San Marino on efficacy of the Russian Sputnik V vaccine as well as upcoming plans for new vaccine products against COVID during the joint [...]
WNS Cares Foundation (WCF) and Robotex India Join Forces to Bolster Cybersafety
Mumbai, Maharashtra, India – Business Wire India WNS Cares Foundation (WCF), the CSR arm of WNS Global Services, today announced that it has collaborated with Robotex India to empower children and youth with practical knowledge around cybersafety through its digital platform CyberSmart. By 2023-24, WCF and Robotex India will be empowering over 10 lakh students [...]
Ministry proposal to give Mumbai High field to pvt sector ‘systematic weakening’ of ONGC:E A S Sarma
New Delhi, Nov 25 (PTI) The Oil Ministry's proposal to strip ONGC of its main oil and gas producing fields of Mumbai High and Bassein in the western offshore is a "systematic weakening" of the state-owned firm, well-regarded former bureaucrat E A S Sarma has written to the Prime Minister. In the letter to Prime [...]
54 pc people don’t want cryptocurrencies to be legalised in India, favour taxation as foreign asset: Survey
New Delhi, Nov 24 (PTI) Around 54 per cent people covered in a pan-India survey did not favour legalising cryptocurrencies in the country and instead pitched for treating them as digital assets held overseas, digital community platform LocalCircles said in a report. LocalCircles said the study received more than 56,000 responses from people residing in [...]
CSMIA to handle 9 weekly Mumbai-Singapore flights from Nov 29
Mumbai, Nov 24 (PTI) Chhatrapati Shivaji Maharaj International Airport on Wednesday said it will handle nine weekly flights between Mumbai and Singapore from November 29, after the City-Island nation allowed resumption of services to and from India recently.Indians will soon be able to visit Singapore, as the country reopened its doors for travellers from India, [...]
Shyam Steel expands retail operations in J&K, Punjab
(Eds: Correcting word in header) Kolkata, Nov 24 (PTI) Shyam Steel on Wednesday announced its plan to expand retail operations in Jammu & Kashmir and Punjab as the 3,000-crore company is aspiring to become one of the leaders in the primary TMT bar segment in north India. The steelmaker has embarked on the expansion mode [...]
Centre’s road map for J&K to provide freedom from poverty, unemployment: Gadkari
Jammu, Nov 24 (PTI) The road map of the central government for Jammu and Kashmir will provide freedom to the people of the Union territory from poverty and unemployment, Union Minister Nitin Gadkari on Wednesday said, assuring of the European-standard infrastructure in the next three years. The minister was speaking after laying the foundation stone [...]
Coal India aims at Rs 40,000-50,000cr capex in 4-5 years: Chairman
Kolkata, Nov 24 (PTI) Coal India Ltd on Wednesday said the company is aiming at investing Rs 40,000-50,000 crore as capital expenditure in the next 4-5 years. The Rs 17,000-crore capex (capital expenditure) for the current fiscal is "on track", CIL chairman Pramod Agrawal told investors. He also acknowledged that price revision is "inevitable" and [...]
Acer India, Dixon Tech partner to make up to 5 lakh laptops annually in India
New Delhi, Nov 24 (PTI) Taiwanese IT hardware firm Acer has roped in domestic electronic manufacturing services firm Dixon Technologies for making its laptops in India, both companies said in a joint statement on Wednesday.The facility will have a capacity to manufacture up to 5 lakh Acer laptops annually."Acer India, the leading PC brand, and [...]
UAE favours resumption of normal flight services with India
New Delhi, Nov 24 (PTI) The United Arab Emirates on Wednesday pitched for resumption of its normal flight services with India, saying such a step will help in checking the escalating cost of travel and address difficulties being faced by travellers. Ambassador of the UAE to India Ahmed Albanna also said that the two countries [...]
New Wage Rate Index series released; base year revised to 2016 from 1963-65
New Delhi, Nov 24 (PTI) Ministry of Labour on Wednesday released a new series of Wage Rate Index (WRI) with base year 2016, being compiled and maintained by the Labour Bureau, an attached office of the ministry. The new series of WRI with base 2016=100 will replace the old series with base 1963-65, a labour [...]
Blade India to induct 5 new H125 helicopters in its fleet, enters into pact with Airbus
Mumbai, Nov 24 (PTI) US-based helicopter transport services provider Blade's Indian subsidiary on Wednesday said it will induct five new H125 in its fleet to further expand its services and has entered into a partnership with European aviation giant Airbus for this purpose. The new machines are being added to meet the significant demand and [...]
BISAG-N conducts capacity building exercises with govt officials on PM Gatishakti plan
New Delhi, Nov 24 (PTI) The BISAG-N, which developed the PM Gatishakti National Master Plan, is conducting a capacity building exercise with senior government officials of different departments to integrate and synchronise data of their existing/planned projects on a single platform, an official statement said on Wednesday.The BISAG-N (Bhaskaracharya National Institute for Space Applications and [...]
Airport infra sector expected to turn around this fiscal with Rs 3,250-cr operating profit: Report
Mumbai, Nov 24 (PTI) After reporting operating loss last year, the airport infrastructure sector in the country is expected to turn around this year with an operating profit of Rs 3,250 crore, driven by a likely 82-84 per cent growth year-on-year in air passenger traffic during the period, according to a report by rating agency [...]
Samsung plans to hire 1,000 engineering graduates in India during 2022
New Delhi, Nov 24 (PTI) South Korean electronics major Samsung plans to hire over 1,000 engineers in India from IITs and other top engineering colleges, including BITS Pilani and NITs, in 2022. The young engineers, graduating in 2022, will be hired for new-age domains like artificial intelligence, machine learning, IoT, deep learning, networks, image processing, [...]
Shyam Steel expands retain operations in J&K, Punjab
Kolkata, Nov 24 (PTI) Shyam Steel on Wednesday announced its plan to expand retail operations in Jammu & Kashmir and Punjab as the 3,000-crore company is aspiring to become one of the leaders in the primary TMT bar segment in north India. The steelmaker has embarked on the expansion mode despite disruptions caused by the [...]
Home gardening startup Ugaoo raises Rs 15 cr
Mumbai, Nov 24 (PTI) Home gardening and houseplant startup Ugaoo on Wednesday said it has raised a funding of Rs 15 crore from DSG Consumer Partners and RPG Ventures. The Pune-based company has been witnessing a growth of 120 per cent annually consistently by offering services like live indoor plants, planters, kitchen garden seeds and [...]
Mines ministry says handed over 152 mineral block reports to state governments so far
New Delhi, Nov 24 (PTI) As part of unlocking India's vast mineral potential by exploration, the mines ministry on Wednesday said it has so far handed over 152 mineral block reports to various state governments. In a statement, the mines ministry said the reports on 52 potential G-4 mineral blocks, approved by the Geological Survey [...]
Crypto industry urges govt to take nuanced approach, asks investors to remain calm
New Delhi, Nov 24 (PTI) The cryptocurrency industry on Wednesday urged the government to take a nuanced approach towards regulating crypto assets in India and asked investors in the country to remain calm and not arrive at a rushed conclusion, a day after the government listed for the introduction of a Bill to ban all [...]
Niti Aayog floats idea of full-stack digital banks
New Delhi, Nov 24 (PTI) Government think-tank Niti Aayog on Wednesday proposed setting up of full-stack 'digital banks', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening challenges being faced in the country. [...]
Sebi lays down operating norms for silver ETFs
New Delhi, Nov 24 (PTI) Markets regulator Sebi on Wednesday came out with operating norms for silver exchange traded fund (ETF), a move that will make it convenient for investors to have an exposure to such commodity in a transparent manner. Under the norms, the regulator has specified guidelines on investment objectives of silver ETFs, [...]
NPCI chief proposes use of Aadhaar-based tech as policing tool for financial crimes
New Delhi, Nov 24 (PTI) A top official of the National Payments Corporation of India on Wednesday proposed using Aadhaar-linked technologies for detecting financial crimes, including tax avoidance. Speaking at the Aadhaar 2.0 workshop, National Payments Corporation of India (NPCI) MD and CEO Dilip Asbe said such technology will be used in three-four years. [...]
Vedanta aims to be ESG leader in natural resources sector, commits to be carbon-neutral by 2050
New Delhi, Nov 24 (PTI) Vedanta on Wednesday said it aims to be the leader in ESG (environmental, social, and governance) performance in the natural resources sector and has committed to reducing carbon emissions to net zero by 2050. The company announced the evolution of its mission statement to strengthen the group's commitment to ESG [...]
After SC order, Centre calls state food ministers’ meet on Thursday for community kitchen
New Delhi, Nov 24 (PTI) The Centre has called a meeting of state food ministers on Thursday to discuss a community kitchen concept for helping the needy not covered under the PDS to fight hunger and malnutrition, following a Supreme Court direction in this regard.The meeting will be chaired by Union Food and Consumer Affairs [...]
Tata Steel commissions iron ore crushing and washing plant in Odisha
New Delhi, Nov 24 (PTI) Tata Steel on Wednesday announced commissioning of an 8 million tonne iron ore crushing and washing plant in Odisha. The company said the plant is located at its Khondbond Iron & Manganese Mine (KIMM) near Joda in Keonjhar district. It has been set up by the company's Ores, [...]
NE Tea Association bats for exports via Bangladesh waterways
Guwahati, Nov 24 (PTI) The North Eastern Tea Association (NETA) on Wednesday underscored the shortage of coal and urea for the tea industry, and urged the government to allow use of the Bangladesh waterways for exports to support planters.Addressing the 20th Biennial General Meeting of NETA here, its Chairman Sunil Jallan said the present scenario [...]
Dream Sports raises $840mn funding from Falcon Edge, others at $8bn valuation
New Delhi, Nov 24 (PTI) Sports tech company Dream Sports on Wednesday said it has raised USD 840 million (about Rs 6,252.2 crore) in funding, led by Falcon Edge, DST Global, D1 Capital, Redbird Capital, and Tiger Global at a valuation of USD 8 billion. The round also saw participation from existing investors like TPG [...]
RBI puts restrictions on Malkapur Urban Co-op Bank; caps withdrawals at Rs 10,000
Mumbai, Nov 24 (PTI) The RBI on Wednesday imposed several restrictions, including a Rs 10,000 cap on withdrawals, on Malkapur Urban Co-operative Bank in Maharashtra due to deterioration in its financial position.Malkapur Urban Co-operative Bank shall not without prior approval of the RBI renew any loans, make any investment, incur any liability, and disburse any [...]
Niti Aayog floats idea of full-stack digital banks
New Delhi, Nov 24 (PTI) Government think-tank Niti Aayog on Wednesday proposed setting up of full-stack 'digital banks', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening challenges being faced in the country. [...]
OILSEEDS PRICES
Mumbai, Nov 24 (PTI) OILS (per 10 Kgs) G.Nut Raw 1365.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1215.00 Sunflower Exp.Ref. 1310.00 Cottonseed(Refined) 1270.00 Refined Palm Oil 1200.00 Soyabean Ref. 1243.00 Imp.Soyabean Crude - Rapeseed Ref. 1750.00 Rapeseed Exp. 1720.00 Copra white 1670.00 Rice Bran 4-7% FFA - Rice Bran 1240.00 Linseed 1900.00 Castor [...]
COMMODITY PRICES
Mumbai, Nov 24 (PTI) METAL:IN RS.PER KG INCLUSIVE OF GST. COPPER :- COPPER CABEL SCRAP 730.00 COPPER HEAVY SCRAPS 720.00 COPPER ARMATURE (CREDIT) 702.00 COPPER UTENSILS SCRAP 631.00 CC ROD 784.00 BRASS :- BRASS SHEET CUTTING 548.00 BRASS UTENSIL SCRAP 490.00 BRASS HONEY 482.00 ALUMINIUM :- ALUMINIUM UTENSIL SCARPS 176.00 ALUMINIUM EXTRUSION SCRAP 200.00 ALUMINIUM [...]
BGE-BULLION CLOSING
Bengaluru, Nov 24 (PTI) Closing bullion rates on Wednesday Standard gold : (9.5 purity) Rs 48,980 per 10 gram Ornament gold : Rs 4,568 per gram Silverspot : (.999 fineness) Rs 64,600 per kg. PTI DVR APR APR
Union Bank of India, Capri Global tie up for co-lending to MSMEs
New Delhi, Nov 24 (PTI) Union Bank of India has entered into a co-lending partnership with Capri Global Capital, under which they will disburse loans to MSMEs. Capri Global Capital Ltd (CGCL) is a non banking financial company focused on lending to MSMEs and the affordable housing finance segment. The co-lending agreement aims to enhance [...]
Union Cabinet okays SPV formation for privatisation of power distribution in Dadra Nagar Haveli
New Delhi, Nov 24 (PTI) The Union government on Wednesday approved the formation of a Special Purpose Vehicle (SPV) to privatise the electricity distribution business in the Union Territory of Dadra and Nagar Haveli and Daman and Diu.A meeting of the Union Cabinet also approved the sale of equity shares of the newly formed special [...]
Areca, coconut price
Mangaluru, Nov 24 (PTI): Following are areca and coconut prices. Areca (per quintal): Old Supari : Rs 49,000 to Rs 52,000 model Rs 51,500 New Supari : Rs 38,000 to Rs 42,500 model Rs 40,000 Koka : Rs 32,500 to Rs 37,500 model Rs 35,000 Coconut [per thousand]: 1st qlty : Rs 20,000 to Rs [...]
Cabinet clears bill to repeal 3 farm laws; to be tabled in upcoming Parliament session
New Delhi, Nov 24 (PTI) The Union Cabinet on Wednesday approved a bill to repeal the three farm laws which led to protests at various Delhi border points by thousands of farmers for nearly a year, and it will be introduced in Parliament during the upcoming winter session. The Cabinet approval comes following Prime Minister [...]
Business briefs
*PNB, Central Bank of India empanel Starfin India as Business Correspondent New Delhi, Nov 24 (PTI) BLS International on Wednesday said its subsidiary Starfin India has been empanelled by Punjab National Bank and Central Bank of India to support the financial inclusion mission of the Union Government.The company has become the official corporate Business Correspondent [...]
Airport infra sector expected to turn around this fiscal with Rs 3,200-cr operating profit: Report
Mumbai, Nov 24 (PTI) After reporting operating loss last year, the airport infrastructure sector in the country is expected to turn around this year with an operating profit of Rs 3,200 crore, driven by a likely 82-84 per cent growth year-on-year in air passenger traffic during the period, according to a report by rating agency [...]
SJVN inks pact with PTC India to develop products for supplying renewable energy
New Delhi, Nov 24 (PTI) State-owned power producer SJVN on Wednesday said it has signed a pact with PTC India to develop products for supplying round-the-clock renewable energy. The agreement was signed by SJVN Director (Finance) Akhileshwar Singh and PTC India Director (Marketing) Rajib Kumar Mishra in the presence of SJVN Chief General Manager Rajesh [...]
Rupee snaps 3-day losing streak, settles 2 paise up at 74.40 against US dollar
Mumbai, Nov 24 (PTI) The Indian rupee recovered its initial losses and settled 2 paise up at 74.40 against the greenback on Wednesday as exporters' dollar sales helped offset elevated crude oil prices. Investors also awaited the minutes of the latest Federal Reserve meeting, forex traders said. At the interbank forex market, the local unit [...]
Bilakhia Group – Revolutionising the Healthcare Industry
Vapi, Gujarat, India – Business Wire India Bilakhia Group, one of India’s leading diversified business conglomerates is playing a pivotal role in combating COVID-19 through innovation, not just in India but globally. In its latest development, Bilakhia Group’s India-based global medical device company, Meril, has been granted approval by the Indian Council of Medical Research [...]
CapitaLand donates oxygen generation plant to Govt Stanley Medical College Hospital
Chennai, Nov 24 (PTI): Diversified real estate group CapitaLand Group on Wednesday said its philanthropic arm CapitaLand Hope Foundation has donated an oxygen generation plant to the Tamil Nadu government. The State Minister for Medical and Family Welfare Ma Subramanian unveiled the plant worth Rs 14 million which has been set up at the Government [...]
PRICES MUM BULLION CLOSING
Mumbai, Nov 24 (PTI) SILVER SPOT (IN RS PER kg): 62941.00 STANDARD GOLD (99.5) : 47393.00 PURE GOLD (99.9) : 47584.00 --------------------- PTI MUM SVC SHW SHW
Pak informs India of allowing its territory to transport humanitarian wheat shipment to Afghanistan
Islamabad, Nov 24 (PTI) Pakistan on Wednesday said it has formally informed India about its decision to allow the transportation of an Indian humanitarian shipment of 50,000 metric tonnes of wheat and life saving drugs to neighbouring Afghanistan through its territory on an "exceptional basis for humanitarian purposes".Prime Minister Imran Khan announced on Monday that [...]
Concept of Aadhaar data vault ‘fallacious’; adversely impacting purpose: R S Sharma
New Delhi, Nov 24 (PTI) National Health Authority CEO and senior member of founding team of Aadhaar R S Sharma on Wednesday criticised some of the restrictions imposed by the Unique Identification Authority of India (UIDAI) over use of the unique ID due to apprehensions around privacy. Sharma, who was the first Director General of [...]
Official Announcement Made for the Dadasaheb Phalke International Film Festival Awards 2022 Powered by Partners CoinDCX& Josh
November 24: After the grand and successful evening filled with glitz and glamour in 2021, Dadasaheb Phalke International Film Festival Awards is set to host the awards ceremony for the 2022 edition. The award function in 2021 was a glamorous affair, with Bollywood royalty such as Sushmita Sen, Kiara Advani, Bobby Deol, Nora Fatehi, Vikrant [...]
Noida International Airport to see Rs 8,914 cr investment in first phase
New Delhi, Nov 24 (PTI) The first phase of the Noida International Airport at Jewar will entail an investment of Rs 8,914 crore and the initial annual passenger handling capacity will be 12 million, a senior official civil aviation ministry official said on Wednesday. Prime Minister Narendra Modi will be laying the foundation stone of [...]
Cabinet approves bill to repeal three farm laws; bill to be tabled in Parliament in winter session
New Delhi, Nov 24 (PTI) The Union Cabinet on Wednesday approved a bill to repeal the three farm laws, which triggered protests at Delhi borders by thousands of farmers, and will be tabled in Parliament during the upcoming winter session for passage. On November 19, Prime Minister Narendra Modi in his address to the nation [...]
Markets tumble in late sell-off; Infosys, RIL top drags
Mumbai, Nov 24 (PTI) Equity benchmarks resumed their decline on Wednesday after a day's gap, succumbing to a last-hour sell-off triggered by losses mainly in market heavyweights Reliance, Infosys and HDFC. After trading in the green for most part of the session, the 30-share BSE Sensex settled 323.34 points or 0.55 per cent lower at [...]
“Bharat Gaurav Samman” Bestowed on – Spiritual Head ‘His Holiness Gurumauli’ In Zurich, Switzerland
November 24: “Bharat Mahotsav” – highly esteemed Festival of One India, organised from 20th – 24th November 2021in Zurich (Switzerland) honoured Spiritual Guru and social reformist His Holiness Gurumauli with the most coveted Bharat Gaurav Samman by Confluence – Make in India NGO. The award was given by Mr Sandeep Marwah, National Chairman, Media and [...]
India to Look for Innovative Partnerships at EXPO2020 to become Preferred Sourcing Partner for Global Textile Industry
Minister of State for Textile Darshana V Jardosh to pitch for global investments from India Pavilion at EXPO2020 as Textile Week kicks in from Friday Dubai, United Arab Emirates (NewsVoir) India will pitch for becoming the preferred sourcing partner for the global textile industry during the textile week at the India Pavilion in EXPO2020, Dubai, [...]
Info Edge to invest Rs 30 cr in Greytip Software
New Delhi, Nov 24 (PTI) Info Edge (India) Ltd on Wednesday said it has entered into an agreement to invest about Rs 30 crore in Greytip Software, a human resources and payroll SaaS (software-as-a-service) company. Info Edge has agreed to acquire 3,58,581 Series-D compulsorily convertible debentures (CCDs) having a face value of Rs 836.631 per [...]
Bigbasket forays into offline retail; unveils Fresho store in Bengaluru
New Delhi, Nov 24 (PTI) Online grocery platform Bigbasket on Wednesday announced its foray into offline retail with the opening a new technology-driven, self-service 'Fresho' store in Bengaluru.The launch is part of the company's vision to open 200 physical outlets pan India by 2023 and 800 by 2026, a statement said.The stores will offer high [...]
RBI should continue with accommodative rate stance as long as necessary to push growth: Assocham
New Delhi, Nov 24 (PTI) The Reserve Bank of India (RBI) should continue with an accommodative interest rate stance as long as necessary to sustain and further push the pace of economic growth, industry body Assocham said on Wednesday. It said that while concerns over inflation, especially in the Wholesale Price Index (WPI), need to [...]
Govt making all efforts to complete AI disinvestment process by December-end: Official
New Delhi, Nov 24 (PTI) The government is making all efforts to complete the disinvestment process of national carrier Air India by the end of December, according to a senior official.Tata group firm Talace Pvt Ltd has emerged as the winning bidder for loss-making Air India.On October 25, the government signed the share purchase agreement [...]
Guidance on disaster management audit will help govts address risks to achieve SDG by 2030: CAG
New Delhi, Nov 24 (PTI) Comptroller and Auditor General (CAG) of India Girish Chandra Murmu has said guidance on disaster management audit will help governments assess and address the risks to achieve the overall Sustainable Development Goals (SDG) by 2030. The CAG was speaking as the chair of the INTOSAI Knowledge Sharing & Knowledge Services [...]
Airports sector to see Rs 90,000 cr investments in five years: Civil Aviation Secy
New Delhi, Nov 24 (PTI) The country's airports sector is expected to see an investment of Rs 90,000 crore in a five-year period, with nearly Rs 68,000 crore coming from the private players, a senior official said on Wednesday.The civil aviation sector, which was battered by the coronavirus pandemic that had also resulted in the [...]
Price of commodities
Bengaluru, Nov 24 (PTI): Following are prices of commodities (All rates in Rs/quintal): Rice Fine 4,000-5,100; Medium 4,200-5,600; Jowar 2,000-2,600; Chillis Fine 26,000-28,000; Potato Big 2,600-3,000; Medium 1,800-2,300; Onion Big 2,400-3,000; Medium 1,800-2,400; Small 1,000-1,800; Tamarind 9,000-10,000; Garlic 4,000-9,000; Horsegram 3,600-4,200; Wheat 2,800-3,200; Turmeric 8,000-14,000; Turdhal 7,600-10,600; Green Gram Dhal 8,800-9,600; Black Gram Dal 8,800-13,200; [...]
Green Hydrogen : India to soon launch scheme to boost R&D of electrolysers
New Delhi, Nov 24 (PTI) Union Minister Bhagwanth Khuba on Wednesday said a scheme for boosting research and development of electrolysers will be rolled out soon, a step in the direction of achieving India's renewable energy targets. An electrolyser is a system that uses electricity to break water into hydrogen and oxygen in a process [...]
Sebi’s decision to extend deadline for F&O margin norms to protect investors’ interest: Experts
F&O margin norms: SEBI’s decision to defer the implementation of the 50 per cent cash margin rule for future and options traders till February 28, 2022, will help market participants to adjust to the new process of segregation and monitoring, experts said on Wednesday. The earlier deadline was December 1, 2021. Earlier this year in [...]
Price of vegetables
Bengaluru, Nov 24 (PTI): Following are vegetable rates quoted at Agriculture Produce Marketing Committee (APMC). Rates per quintal: Cauliflower 1,000-5,000, Brinjal 120-6,000, Tomato 460-10,333, Bitter Gourd 2,000-5,000, Bottle Gourd 1,200-4,500, Ash Gourd 800-2,000, Green Chilli 120-4,000, Banana Green 1,500-3,600, Beans 350-7,000, Green Ginger 1,000-5,000, Carrot 1,500-8,000, Cabbage 777-6,600, Ladies Finger 150-8,000, Snake Gourd 1,600-3,500, Beetroot [...]
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