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Telecom stock jumps after it develops critical defence technologies for export
The shares of the telecom infrastructure provider gained up to 2 percent after the company develop critical defence technologies in line with Atmanirbhar Bharat Abhiyaan. With a market capitalization of Rs 19,389.52 crore, the shares of HFCL Ltd were trading at Rs 134.40 per share, decreasing around 0.56 percent as compared to the previous closing [...]
Ashish Kacholia stock jumps 3% after company’s net profits increases by 713% YoY
The shares of this smallcap company jumped around 3 percent in Wednesday’s trading session after reporting an increase in net profits by 713 percent YoY. The stock has delivered a multi-bagger return of 117 percent to its shareholders in one year. Price movement: With a market capitalization of Rs. 4,203 crores, the shares of Zaggle [...]
Should you buy Dixon Technologies or book your profits?
In Wednesday’s Early trade, the shares of India’s second-largest mobile phone manufacturer surged nearly 6% reaching an intraday high price of ₹12,699 per share after the company reported net profit growth of 108%. Dixon Technologies Limited is the largest company engaged in manufacturing products in the consumer durables, lighting, and mobile phone markets in India. [...]
Auto ancillary stock jumps 12% after receiving an order worth ₹ 204 Cr from Tata Motors
Auto Ancillary stock manufacturing and supplying of sheet metal components, stampings, welded assemblies, modules and many more jumped 12 percent in the day’s trade upon receiving a work order worth Rs. 204 Crores from Tata Motors Limited. Price Action With a market capitalization of Rs. 564 Crores, the shares of Autoline Industries Limited were trading [...]
FMCG stock hits 20% upper circuit after reporting 844% YoY increase in net profits
The shares of this consumer FMCG company hit a 52-week high and clinched 20 percent upper circuit after reporting net profit growth of 844 percent year-on-year. Share Price Movement In Wednesday’s trading session, the share price of Modi Naturals Ltd. reached a 52-week high of Rs.343.4 per share and hit a 20 percent upper circuit [...]
NBFC stock jumps after mutual fund, Govt of Singapore and others bought stake
Shares of a Housing Finance Company jumped 2% on BSE to Rs. 795.05 on Wednesday, after the Government of Singapore, Aditya Birla Sun Life and others bought stake in the company through open market transaction, bringing the total deal value to nearly Rs. 1,131.8 crore. At 11:07 a.m., the shares of PNB Housing Finance Limited [...]
Green energy stock hits 5% lower circuit after its net profit decreased by 45% in Q1
The shares of the leading solar panel manufacturer hit 5 percent lower circuit of Rs 1,639.40 apiece after the company’s net profit and revenue decreased 45 percent and 14 percent QoQ respectively in Q1FY25. With a market capitalization of Rs 17,074.23 per share, the shares of Waaree Renewable Technologies Ltd were trading at Rs 1,639.40 [...]
Navratna defence stock to buy now for an upside of 15%
The shares of India's leading player in the defence electronics sector gained traction this week after Morgan Stanley assigned an overweight call on the stock for an upside of 15%. Share price movement At 11:35 a.m., On Wednesday, Bharat Electronics Ltd shares were trading at ₹ 317, down 0.20 percent from the previous close on [...]
Auto ancillary stock jumps 4.4% after receiving new purchase orders from Kalyani Techno Forge
The shares of this metal product manufacturer gained up to 4.4 percent after the company received new purchase orders from Kalyani Techno Forge Limited worth Rs 13.60 lakhs. Kranti Industries Ltd has a market capitalization of Rs 80.08 crore, the shares were trading at Rs 71.57 per share, increasing around 2.64 percent as compared to [...]
EV stock that delivered multibagger returns of 102% in less than 4 months
The Indian government is aggressively promoting the growth of the electric vehicle (EV) industry in India. As part of this effort, the central government has allocated ₹800 crore to public sector oil marketing companies (PSU OMCs) to establish 7,432 public charging stations across the country. Additionally, there are plans to enhance bus operations by deploying [...]
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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
Marwari Catalysts – a 100 Co-founders Club is Setting up the New Spirit of Entrepreneurship in India
Jodhpur, Rajasthan, India (NewsVoir) Marwari Catalysts (MCats), formed in 2019 with the vision of creating a community of “startup developers” to help young entrepreneurs with the right mix of capital, know-how, and networks to build enduring businesses. And as of today, MCats have got a well-seasoned and highly competent team in turn having a full-fledged [...]
Kerala flags concerns about states’ ease of doing biz rankings
New Delhi, Nov 18 (PTI) Kerala government has raised concerns about the process followed for the latest ease of doing business ranking of states. The issue was raised by Kerala Industries Minister P Rajeev during his meeting with Union Commerce and Industry Minister Piyush Goyal in the national capital. Addressing reporters here on Thursday, Rajeev [...]
Benelli launches first dealership in Dehradun; 47th in India
Mumbai, Nov 18 (PTI) Italian superbike maker Benelli, along with Adishwar Auto Ride India, on Thursday launched a dealership at Dehradun in Uttarakhand, its first in the northern Himalayan state and 47th in the country, according to a statement. The latest facility offers the company's complete BS-VI range of superbikes, which include Imperiale 400- Retro [...]
SAT asks Sahara group firm, ex-directors to deposit Rs 2,000 cr with Sebi
New Delhi, Nov 18 (PTI) The Securities Appellate Tribunal (SAT) on Thursday asked Sahara group firm Sahara India Commercial Corporation Ltd and its then directors including Subrata Roy to deposit Rs 2,000 crore with Sebi within four weeks. The fund will be kept by market regulator Sebi in an escrow account. Following the deposit of [...]
Areca, coconut prices
Mangaluru (Karnataka), Nov 18 (PTI): Following are today's areca and coconut prices. Areca (per quintal) Old Supari : Rs 49,000 to Rs 51,000 model Rs 49,500 New Supari : Rs 35,000 to Rs 42,500 model Rs 40,000 Koka : Rs 25,000 to Rs 28,000 model Rs 27,000 Coconut [per thousand]: 1st qlty : Rs 20,000 [...]
Saregama Partners with Dharma Productions for Karan Johar’s Next – Rocky Aur Rani Ki Prem Kahani; Signs on as Official Music Label for the Much-Anticipated Film
Mumbai, Maharashtra, India– Business Wire India It’s the coming together of the two of the biggest names in the entertainment business. Saregama – India’s oldest and largest music label and Dharma Productions – one of India’s most revered production houses with a distinguished legacy and a prestigious track-record. The two have now partnered for Karan [...]
Kubota Corp eyes majority shareholding in Escorts, picks up additional 5.9 pc stake for Rs 1,873 cr
New Delhi, Nov 18 (PTI) Farm machinery major Escorts Ltd and Kubota Corporation on Thursday announced a deal under which the Japanese partner will acquire an additional 5.9 per cent stake the Indian firm for Rs 1,872.74 crore, paving the way for the latter to become a majority stake holder for which it could invest [...]
SIDBI joins hands with Google to help MSMEs
- The collaboration brings a corpus of USD 15 million (approx. Rs. 110 crore) to micro enterprises MUMBAI, India, Nov. 18, 2021 /PRNewswire/ -- Small Industries Development Bank of India (SIDBI), the principal financial institution engaged in the promotion, financing and development of Micro, Small and Medium Enterprises (MSMEs) has entered into a collaboration with [...]
CCI levies fine on 10 paper manufacturers, association
New Delhi, Nov 18 (PTI) The Competition Commission of India (CCI) on Thursday said it has levied a fine of Rs 5 lakh each on 10 paper manufacturers found guilty of cartelisation and a fine of Rs 2.5 lakh on an association. The association -- the Indian Agro and Recycled Paper Mills Association -- has [...]
Pearl Academy holds Convocation ceremonies for the graduating batches of 2020 and 2021
NEW DELHI and JAIPUR, India, Nov. 18, 2021 /PRNewswire/ -- Pearl Academy, India's leading institution in creative education, recently organized convocation ceremony for students across Delhi and Jaipur. Apart from inviting the students' of 2021 batch, the institute went the extra mile and invited students' of 2020 batch, as they could not witness a physical [...]
EaseMyTrip acquires hospitality mgt firm Spree Hospitality
New Delhi, Nov 18 (PTI) Online travel platform EaseMyTrip on Thursday announced the acquisition of hospitality management firm Spree Hospitality for an undisclosed amount. EaseMyTrip aims to expand Spree to 200 properties in the next five years, a statement by the online travel platform stated. This acquisition will help EaseMyTrip to add a new revenue [...]
Coal, lignite firms plan to install additional 5,560 MW renewable energy capacity by 2030
New Delhi, Nov 18 (PTI) To contribute India's commitment to increase non-fossil energy capacity to 500 gigawatt (GW) by 2030, coal and lignite companies have planned to install additional 5,560 megawatt (MW) of renewable capacity in the country with an investment of over Rs 15,000 crore, the coal ministry on Thursday said. This will take [...]
More than technology, AI is becoming a way of life: Experts
Bengaluru, Nov 18 (PTI): Artificial Intelligence (AI) is more than a technology and has become a way of life, N T Arunkumar, MD and Country Head and Head of Innovation, Telstra India, said on Thursday. “AI is more than technology, it is a way of life. Hence, the country needs to shift from being a [...]
Sapphire Foods shares climb 4 pc in debut trade
New Delhi, Nov 18 (PTI) Shares of Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, on Thursday listed with a premium of over 14 per cent against its issue price of Rs 1,180 and later settled 4 per cent higher.The stock made its debut at Rs 1,311, registering a jump of 11.10 [...]
Konnect Worldwide Business Media concludes a successful digital event, SMART HOMES & Devices Innovation Forum 2021
MUMBAI, India, Nov. 18, 2021 /PRNewswire/ -- Konnect Worldwide Business Media successfully concluded one of the country's largest comprehensive smart homes automation forum, Smart Homes Innovation Forum 2021, in India today. At its first digital edition, the forum focused on discussions around - the future outlook and vision for the new decade, global and domestic [...]
Sensex sinks for third day; IT, auto stocks weigh
Mumbai, Nov 18 (PTI) Equity benchmarks buckled under selling pressure for the third session on the trot on Thursday as bearish global cues and a disappointing market debut for Paytm unnerved investors. The 30-share BSE Sensex tumbled 372.32 points or 0.62 per cent to finish at 59,636.01. Similarly, the NSE Nifty dived 133.85 points or [...]
Leo Capital plans to launch new fund for India
New Delhi, Nov 18 (PTI) Singapore-based early-stage venture fund Leo Capital on Thursday said it is planning to launch a new fund for India. Leo Capital attracts global investors for India’s opportunity as it targets USD 125 million funds for new opportunities, it said. This comes hot on the heels as India is set to [...]
Google Pay to roll out feature to ease digital payment experience
New Delhi, Nov 18 (PTI) Google Pay on Thursday said it will launch a 'speech to text feature that allows users to use voice as an input to add account numbers into the app to initiate a payment. Google Pay, which competes with platforms like PhonePe, Paytm, and Amazon Pay, has also announced an "industry [...]
DLF included in Dow Jones Sustainability Emerging Market Indices for second time
New Delhi, Nov 18 (PTI) Realty major DLF on Thursday said it has been selected in the Dow Jones Sustainability Emerging Markets Index for its governance, social and environmental initiatives. In a regulatory filing, DLF informed that the company has "once again been selected to be a constituent of the Dow Jones Sustainability Emerging Markets [...]
Suzuki Motorcycle drives in new 125 cc scooter Avenis at Rs 86,700
New Delhi, Nov 18 (PTI) Suzuki Motorcycle India on Thursday expanded its product range in the country with the launch of a new 125 cc scooter, Avenis, with price starting at Rs 86,700 (ex-showroom Delhi). The company plans to start retail of the model after mid-December. "With the launch of Avenis, our existing product portfolio [...]
NSDL e-Governance gets RBI’s in-principle approval as Account Aggregator
New Delhi, Nov 18 (PTI) NSDL e-Governance Infrastructure, IT-enabled services provider, on Thursday said it has received an in-principle approval from RBI to set up an account aggregator business under its wholly owned subsidiary, NSDL e-Governance Account Aggregator Ltd. NSDL e-Governance Infrastructure issues PAN cards and helps government agencies in e-governance projects. It has been [...]
India exported over 65 million doses of Covid vaccines to nearly 100 countries this year: PM
New Delhi, Nov 18 (PTI) India exported more than 65 million doses of Covid vaccines to nearly 100 countries this year, Prime Minister Narendra Modi said on Thursday, asserting that the global trust earned by the Indian healthcare sector has led to the country being called the “pharmacy of the world”. Speaking after inaugurating the [...]
Govt accepts Cairn’s offer on retro tax; co to withdraw cases now, refund to follow
New Delhi, Nov 18 (PTI) Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC's undertakings which would allow for the refund of taxes, sources said. Meeting the requirements of the new legislation that scraps levy of retrospective taxation, the company [...]
REPL bags consultancy work from Madurai Smart City
New Delhi, Nov 18 (PTI) Rudrabhishek Enterprises Ltd (REPL) on Thursday said it has bagged consultancy work from Madurai Smart City Ltd for supervising the underground sewerage system.REPL is one of the leading players in urban development and infrastructure consultancy. It is listed on National Stock Exchange (NSE).Madurai Smart City Ltd (MSCL) has appointed REPL [...]
Axon Developers takes over 2 stressed projects in NCR; to invest Rs 310 crore on completion
New Delhi, Nov 18 (PTI) Realty firm Axon Developers, which has been newly set up by promoters of brokerage firm 360 Realtors, on Thursday said it has taken over two stressed real estate projects in Delhi-NCR and will invest over Rs 300 crore to complete them.The company has entered into a development agreement to complete [...]
Skoda Auto unveils sedan Slavia in India; bookings with Rs 11,000 down payment
New Delhi, Nov 18 (PTI) Czech automaker Skoda Auto on Thursday unveiled its sedan Slavia in India, a market which the company expects to play a key role in its 'Strategy 2030' and help meet its long-term goal of clocking global sales of 1.5 million units a year. Skoda Auto India has opened bookings with [...]
Entropik Tech Announces Beta Launch of its Disruptive Conversational Intelligence Platform, Decode
Entropik Tech, the world leader in Emotion AI, today announced the beta launch of its new conversational intelligence platform, Decode, which comes ready to be integrated with the existing conferencing and collaboration ecosystem. It seamlessly gathers conversation data and creates a layer of intelligence on top to turn conversations into actionable insights that will increase [...]
Buy the Latest Fitbit Watch on Lowest EMIs and Get up to 30 percent Cashback on the Bajaj Finserv EMI Store
Purchase Fitbit smartwatches on No Cost EMIs starting Rs. 2,334 on the Bajaj Finserv EMI Store. Get an additional 30% off in the form of cashback vouchers Pune, Maharashtra, India (NewsVoir) The Bajaj Finserv EMI Store is offering discounts and cashback offers on top-selling Fitbit smartwatches. Customers can purchase Fitbit smartwatches on the lowest EMIs [...]
Prometheus School becomes IB Continuum School
Noida, Uttar Pradesh, India (NewsVoir) The education industry in the last couple of years has witnessed a revolutionary transformation due to the pandemic. In order to ensure that learning continues uninterrupted, teaching pedagogies have been adapted to suit the online learning world. Amidst all these unprecedented changes, a new entrant in this industry, Prometheus School [...]
Eugenix Hair Sciences Eyes Aggressive International Expansion
New Delhi, Delhi, India (NewsVoir) • Launches its first international clinic in Dubai • Aims to set afoot in international markets in next 2-3 years Eugenix Hair Sciences, one of the leading hair restoration clinics in the world, has announced its aggressive international expansion plans for the year 2022. Their first international, state-of-the-art clinic will [...]
Scindia says ‘evaluating process’ on normalising overseas flight operations
New Delhi, Nov 18 (PTI) Civil aviation minister Jyotiraditya Scindia on Thursday said the government is evaluating the process for normalising international operations and asserted that it wants to return to normalcy while keeping in mind the coronavirus pandemic situation in certain parts of the world. In a possible indication that overseas flight operations are [...]
Sebi tweaks ‘fit and proper person’ rule
New Delhi, Nov 18 (PTI) Markets regulator Sebi has tweaked the criteria for determining "fit and proper person", according to a notification issued on Wednesday. Under the new framework, these criteria will be principle-based and/or rule-based. The principle-based criteria include integrity, honesty, ethical behaviour, reputation, fairness, and character, according to the notification. Further, the rule-based [...]
ReNew Power loss widens to Rs 1,027.4 cr in Sep qtr
New Delhi, Nov 18 (PTI) ReNew Energy Global plc (ReNew Power) consolidated net loss widened to Rs 1,027.41 crore in the September quarter.The consolidated net loss was Rs 91.7 crore in the quarter ended September 30, 2020, the company said in a statement.The total income of the company rose to Rs 2,131.3 crore in the [...]
Cabinet nod for mobile connectivity in 7,287 uncovered villages to spur rural economy: COAI
New Delhi, Nov 18 (PTI) The Cabinet approval for provisioning of mobile connectivity in 7,287 uncovered villages across five states will help bridge the digital divide and provide stimulus to the rural economy, industry body COAI said on Thursday. The move is in line with objectives of the National Broadband Mission of achieving universal and [...]
CIL sanctions Rs 16 cr for treatment of 2-year-old suffering from rare disease
New Delhi, Nov 18 (PTI) The world's largest miner Coal India Ltd on Thursday said it has sanctioned Rs 16 crore for the treatment of a two-year-old child of one of its coal miners suffering from a rare disease. Srishti Rani, daughter of Satish Kumar Ravi - an overman working in Dipka coal area of [...]
STL appoints two industry leaders to accelerate global expansion in Services & Software business
PUNE, India, Nov. 18, 2021 /PRNewswire/ -- STL (NSE: STLTECH), an industry-leading integrator of digital networks, today announced two exciting additions to its leadership team in the Services and Software businesses. STL's Services business is poised for global growth and expansion into the 5G RAN deployment space and the Software business is set to scale [...]
Two Resilient Social Enterprises Receive Funding Boost From The Singapore International Foundation and Deutsche Bank
Winners of the SIF-Deutsche Bank Made for Good Award receive $10,000 each in recognition of their resilience and commitment during these challenging times. India – Business Wire India The Singapore International Foundation (SIF) and Deutsche Bank have partnered to launch the SIF-Deutsche Bank Made for Good Award. The award seeks to support and encourage social [...]
Xpdel to invest USD 50 mn in India, hire 1,500 persons by 2023
New Delhi, Nov 18 (PTI) E-commerce-focussed logistics firm Xpdel plans to invest around USD 50 million or about Rs 370 crore to expand business in India covering deliveries in 60 per cent of the country's geographical area, a senior official of the company said on Thursday. The US-based logistics firm plans to hire around 1,500 [...]
Paytm shares make weak debut; tumble over 27 pc during day trade
New Delhi, Nov 18 (PTI) Shares of One97 Communications Ltd, Paytm's parent company, on Thursday made a weak market debut and tumbled over 27 per cent during the day from the issue price of Rs 2,150. The stock was listed at Rs 1,955, slipping 9 per cent from the issue price on the BSE. It [...]
Gnani.ai’s Conversational AI Suite Now Available in the Microsoft Azure Marketplace
Microsoft Azure customers worldwide now gain access to Gnani.ai’s cutting-edge Speech Analytics, Voice AI-led Virtual Assistant, and Voice Biometrics to take advantage of the scalability, reliability, and agility of Azure to drive application development and shape business strategies. Bengaluru, Karnataka, India– Business Wire India Gnani.ai, a global frontrunner in Conversational AI and customer service automation [...]
Rela Hospital Saves the life of Octogenarian with Complex Heart Condition
CHENNAI, India, Nov. 18, 2021 /PRNewswire/ -- A very rare stenting procedure was performed at Rela Hospital, Chennai on an 80-year-old female patient Ms. Meenakshi, who had a sudden episode of myocardial infarction. The Patient had 80% blockage in left main vessel which was blocking blood supply to heart and major cause of cardiac arrest [...]
Rubix Data Sciences Receives ISO 27001 Certification from LRQA
Mumbai, Maharashtra, India – Business Wire India Rubix Data Sciences Pvt. Ltd. (Rubix) today announced its approval by LRQA to the following standards: ISO/IEC 27001:2013 Approval number(s): ISO/IEC 27001 – 00033166 ISO/IEC 27001 is an international standard for managing information security and details the requirements for establishing, implementing, maintaining, and continually improving the Information Security [...]
Govt should reduce and rationalise GST rates on food processing industry
New Delhi, Nov 18 (PTI) The government should reduce the GST rates applicable on the food processing industry and also rationalise the rates applicable between packaged branded and non-branded food products in the segment, industry body ASSOCHAM has demanded. Presently branded and packaged foods products such as potato chips, cereals, snack foods, namkeen falls under [...]
Sidbi, Google tie-up to support MSMEs
Mumbai, Nov 18 (PTI) Small Industries Development Bank of India (Sidbi) Thursday said it has entered into a partnership with Google India Pvt Ltd (GIPL) for piloting a social impact lending programme with financial assistance up to Rs 1 crore at competitive interest rates to MSMEs. This partnership with GIPL brings a corpus of USD [...]
Sterlite Tech appoints CEOs for network services, software businesses
New Delhi, Nov 18 (PTI) Sterlite Technologies on Thursday announced the expansion of its leadership team with the appointment of Praveen Cherian as CEO for its network services business, and Raman Venkatraman as the CEO for the software business. The two senior executives will take over the responsibility from K S Rao, who will assume [...]
Toyota Kirloskar ties up with IndusInd Bank for vehicle finance
New Delhi, Nov 18 (PTI) Toyota Kirloskar Motor (TKM) on Thursday said it has tied up with IndusInd Bank to enable retail finance for its customers across the country. With this tie-up, IndusInd Bank becomes one of the preferred financiers for the complete range of vehicles sold by TKM in India, the automaker said in [...]
Disprz raises $13 mn from Dallas Venture Capital, others
New Delhi, Nov 18 (PTI) Enterprise skilling startup Disprz on Thursday said it has raised USD 13 million (about Rs 96.4 crore) in funding, led by Dallas Venture Capital and Mars Growth Capital.The Series-B round also saw participation from existing investors - Go1, Tara India Fund IV being managed by KOIS, Auctus Capital (Family office [...]
IT minister exhorts start-ups, industry to position India as market leader in cybersecurity
New Delhi, Nov 18 (PTI) The magnitude of digitisation across sectors, including banking, has necessitated a sharper focus on cybersecurity, IT Minister Ashwini Vaishnaw said on Thursday exhorting start-ups, industry and academia to address rising complexities and challenges on a bigger scale to position India as a thought-leader and market leader in cyber safety. The [...]
Sebi declares erstwhile NMCE founder Kailash Gupta not ‘fit and proper person’
New Delhi, Nov 18 (PTI) Sebi has declared Kailash Gupta, who was the managing director of erstwhile National Multi Commodity Exchange (NMCE), as not "fit and proper person" to hold any position in the management and board of any commodities exchange after finding him guilty of diverting and misappropriating funds of the bourse. As of [...]
Apple investing significantly in India, supports around 1 million jobs: Co official
New Delhi, Nov 18 (PTI) Apple is investing significantly in India to expand its presence in the country, and supports around one million jobs in the country across its workforce, apps and supplier partners, the company's Vice-President (Product Operations) Priya Balasubramaniam said on Thursday. Speaking at the Bengaluru Tech Summit 2021, Balasubramaniam said Apple has [...]
Crude oil futures dip on weak spot demand
New Delhi, Nov 18 (PTI) Crude oil prices on Thursday fell by Rs 101 to Rs 5,691 per barrel after participants cut their positions. On the Multi Commodity Exchange, crude oil for December delivery dropped by Rs 101, or 1.74 per cent, to Rs 5,691 per barrel with a business volume of 6,228 lots. Analysts [...]
Zydus Cadila gets USFDA nod for cancer drug with 180-days exclusivity
New Delhi, Nov 18 (PTI) Drug firm Zydus Cadila on Thursday said it has received final approval from the US health regulator to market Nelarabine injection, used to treat certain types of cancer, in the American market with 180-days of marketing exclusivity.The company has received approval from the US Food and Drug Administration (USFDA) for [...]
PRICES MUM BULLION OPEN
Mumbai, Nov 18 (PTI) SILVER SPOT (IN RS PER kg): 66283.00 STANDARD GOLD (99.5) : 49022.00 PURE GOLD (99.9) : 49219.00 -------------------- PTI MUM SVC SHW SHW
Power Global partners Rap Eco Motors to supply eZee swappable lithium-ion battery tech
Mumbai, Nov 18 (PTI) US-based clean energy and mobility products startup Power Global announced on Thursday a strategic partnership with Hyderabad-based auto-rickshaw manufacturer Rap Eco Motors to supply its eZee swappable lithium-ion battery technology. The partnership is for the supply of battery technology to Rap Eco's mass-market electric three-wheeler product line RANIE, which includes a [...]
ReNew Power loss widens to Rs 10,274 cr in Sep qtr
New Delhi, Nov 18 (PTI) ReNew Energy Global plc (ReNew Power) consolidated net loss widened to Rs 10,274.1 crore in the September quarter.The consolidated net loss was Rs 91.7 crore in the quarter ended September 30, 2020, the company said in a statement.The total income of the company rose to Rs 2,131.3 crore in the [...]
Guar seed futures decline on low demand
New Delhi, Nov 18 (PTI) Guar seed prices on Thursday slipped by Rs 42 to Rs 6,412 per 10 quintal in futures trade.On the National Commodity and Derivatives Exchange, guar seed contracts for December delivery was trading down by Rs 42, or 0.65 per cent, at Rs 6,412 per 10 quintal with an open interest [...]
Rising demand lifts refined soya oil futures
New Delhi, Nov 18 (PTI) Refined soya oil prices on Thursday rose by Rs 1.1 to Rs 1,246.2 per 10 kg in futures trade as speculators raised their bets. On the National Commodity and Derivatives Exchange, refined soya oil for November delivery moved up by Rs 1.1 or 0.09 per cent, to Rs 1,246.2 per [...]
Kubota Corp to acquire additional 5.9 pc stake in Escorts for Rs 1,873 cr
New Delhi, Nov 18 (PTI) Farm machinery major Escorts on Thursday said its Japanese partner Kubota Corporation will acquire an additional 5.9 per cent stake in it for Rs 1,872.74 crore, taking the total holding to 14.99 per cent and becoming a joint promoter in the Indian firm.The company will issue 93.64 lakh equity shares [...]
Guar gum futures fall on low demand
New Delhi, Nov 18 (PTI) Guar gum prices on Thursday fell Rs 45 to Rs 12,124 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 45 or 0.37 per cent, [...]
Sonu Sood backs post K-12 mentoring startup Intercell, comes on board as Co-Founder
● Sonu Sood and Intercell to establish the category of post K-12 mentoring to empower youth in their careers.● Their strategic alliance focuses on providing the youth with a one stop solution for career advancements through a SaaS and AI Based Mentoring Solution. New Delhi, November 2021: Youth icon Sonu Sood and Post K-12 Mentoring [...]
ABB inks pact with Zume to accelerate transition from single-use plastics
New Delhi, Nov 18 (PTI) ABB has inked a pact to supply robotic cells that will enable California-based compostable packaging producer Zume to produce sustainable packaging on a global scale, which will help to reduce reliance on single-use plastics."ABB Robotics has signed an agreement to collaborate with California-based Zume, a global provider of innovative, compostable [...]
Horror audio show – Yakshini – surpasses 100 million plays on Pocket FM, a platform empowering emerging content creators and artists
GURUGRAM, India, Nov. 18, 2021 /PRNewswire/ -- Pocket FM, India's largest Audio OTT platform, has registered an overwhelming response on its latest horror audio show – Yakshini, written by Anand Usha Borkar. The audio show has surpassed over 100 million plays and received 200K+ reviews on the platform. The audio show is available in 5 [...]
India needs USD 10.1 tn investment to achieve net-zero emission by 2070: Study
New Delhi, Nov 18 (PTI) India will require a total investment of USD 10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of USD 3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said.At the recently concluded COP26, Prime Minister Narendra Modi announced India’s aim to achieve [...]
Defy raises USD 5.5 mn to build India’s first social crypto exchange
New Delhi, Nov 18 (PTI) Fintech startup Defy on Thursday said it has raised USD 5.5 million (around Rs 40.79 crore) in a funding round to build India's first social crypto exchange.Defy, founded by entrepreneurs Bhagaban Behera, Sriharsha Setty and Nakul Kelkar, has received Seed funding worth USD 5.5 million. The fundraise was backed by [...]
Foodlink raises USD 8 mn from Plutus Wealth Management, others
New Delhi, Nov 18 (PTI) Foodlink, a luxury catering company, on Thursday said it has raised USD 8 million (Rs 59.34 crore) in funding led by Plutus Wealth Management.The Series-B funding round also witnessed the participation of Arpit Khandelwal, Managing Partner, Plutus Wealth Management LLP, Foodlink said in a statement.The Mumbai-based company will use these [...]
I-T refunds of Rs 1.19 lakh cr issued so far this fiscal
New Delhi, Nov 18 (PTI) Income Tax refunds of over Rs 1.19 lakh crore have been issued to over 1.02 crore taxpayers between April 1 to November 15, the I-T department said on Thursday.This includes 67.99 lakh refunds of AY 2021-22, amounting to Rs 13,140.94 crore."CBDT (Central Board of Direct Taxes) issues refunds of over [...]
Google pilots digital assistant-enabled vaccine booking; partners SIDBI for financing micro-enterprises
New Delhi, Nov 18 (PTI) Google on Thursday made a slew of announcements, including the rollout of Google Assistant-enabled vaccine booking and partnership with SIDBI for Rs 110 crore financing for micro-enterprises, as part of its efforts to drive digital inclusion in the country. Speaking at the seventh edition of Google for India, Google India [...]
Festive season turns out to be worst in decade as chip shortage takes toll on retails: FADA
New Delhi, Nov 18 (PTI) Automobile retail sales in the country fell 18 per cent year-on-year in the 42-day long festive period this year as semiconductor shortage impacted production across companies affecting their ability to supply adequate numbers to dealer partners, FADA said on Thursday. During the period under review, barring three-wheeler and commercial vehicles, [...]
Sany Steps up CSR Activities, Supplies Excavator for Pond Construction
Pune, Maharashtra, India (NewsVoir) Pabal, a village near Pune, known to be a drought prone area will soon have sufficient water supply for farming and other activities thanks to the pond construction work undertaken by Sany India. The acute water shortage problem came to light during a survey in the village by Mr. Ayush Prasad, [...]
India’s Transition from Fossil-fuel to Green-energy on Track: Hardeep Singh Puri
The transition has to be a win-win for all, says Minister of Petroleum and Natural Gas Dubai, United Arab Emirates (NewsVoir) India’s Minister of Petroleum and Natural Gas & Housing and Urban Affairs, Mr. Hardeep Singh Puri yesterday said that India is on track with its transition from a fossil-fuel based to a green economy [...]
Dr. Mangalam Swaminathan National Award for Excellence in Art and Culture Goes to Mubarak Nissa
New Delhi, Delhi, India (NewsVoir) Dr. Mangalam Swaminathan Foundation has announced ten prestigious national awards in various fields including excellence in journalism, science reporting, art and culture, medical malpractice investigation and social service for the year 2020 and 2021. The winners will receive a cash award of Rs. 1 lakh, citation and memento at the [...]
Ducati launches Panigale V4 SP in India at Rs 36.07 lakh
New Delhi, Nov 18 (PTI) Italian superbike maker Ducati on Thursday launched its flagship motorcycle model Panigale V4 SP in India priced at Rs 36.07 lakh (ex-showroom India).Bookings are now open across all Ducati dealerships in Delhi-NCR, Mumbai, Pune, Ahmedabad, Hyderabad, Bengaluru, Kochi, Kolkata and Chennai, and deliveries will start with immediate effect, Ducati India [...]
India needs USD 10.1 tn investment to achieve net-zero emission by 2070: Study
New Delhi, Nov 18 (PTI) India will require a total investment of USD 10.1 trillion to achieve net-zero emissions by 2070, while the nation could face a shortfall of USD 3.5 trillion, a study by CEEW Centre for Energy Finance (CEEW-CEF) said.At the recently concluded COP26, Prime Minister Narendra Modi announced India’s aim to achieve [...]
IAS Study Finds More Media Experts to Invest in Supply Path Optimization for 2022
Programmatic ad growth and transparency issues will drive adoption MUMBAI, India, Nov. 18, 2021 /PRNewswire/ -- Integral Ad Science (Nasdaq: IAS), a global leader in digital media quality, today released its latest research, Perfecting Your Supply Path: The Expansion of SPO in Programmatic. The new study uncovers critical challenges and opportunities as programmatic ad spending [...]
De Beers Announces a New Global Campaign Celebrating Commitment and Purpose
Mumbai, Maharashtra, India– Business Wire India De Beers announces a new global campaign centred on commitments to ourselves, to one another and the wider world. It marks a fresh, purpose-led brand strategy and new chapter in the company’s 133 year long history. The statement ‘I do.’ is one of the most significant and time-honoured expressions [...]
Data indicates strong rebound in India-US bilateral trade in 2021: US official
Bengaluru, Nov 18 (PTI) The 2021 data indicates a strong rebound in India-U.S. bilateral trade, according to a US official. US Consul General Judith Ravin said the growth in economic ties between the two countries has been extraordinary, with trade exploding from approximately USD 20 billion in 2001 to just over USD 145 billion in [...]
Macrotech Developers raises Rs 4,000 cr via QIP for growth, debt reduction
New Delhi, Nov 18 (PTI) Realty firm Macrotech Developers has raised Rs 4,000 crore through sale of shares to institutional investors and will use this fund for business growth and reduction of debt, a top company official said on Thursday. The Mumbai-based company, erstwhile Lodha Developers, is one of the leading real estate firms in [...]
Sapphire Foods shares debut over 14 pc higher
New Delhi, Nov 18 (PTI) Shares of Sapphire Foods India Ltd, which operates KFC and Pizza Hut outlets, on Thursday listed with a premium of over 14 per cent against its issue price of Rs 1,180.The stock made its debut at Rs 1,311, registering a jump of 11.10 per cent from the issue price on [...]
GMR emerges winner for Indonesian airport development, operations
Hyderabad, Nov. 18 (PTI): GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, on Thursday said it won a bid for the development and operation of Kualanamu International Airport in Medan, Indonesia. Angkasa Pura 2 (AP2), the state-owned enterprise and the bidding authority for the Medan Airport has informed that they have completed the [...]
NBA And Department Of Culture And Tourism – Abu Dhabi Announce Multiyear Partnership To Host First NBA Games In The United Arab Emirates
- Groundbreaking Partnership Marks First Games Between NBA Teams in the Gulf region - Partnership Also Includes Fan Events, Jr. NBA Leagues for Boys and Girls, NBA Fit Clinics and NBA 2K League Events Beginning in 2022 LONDON and ABU DHABI, UAE, Nov. 17, 2021 /PRNewswire/ --Nov. 16, 2021 – The National Basketball Association (NBA) [...]
Limelight Launches Disruptive New Solution in $4.4 Billion Web CDN and Security Market
L ayer0 by Limelight Boosts Developer Velocity and Delivers Sub-Second Performance for Web Applications SCOTTSDALE, Ariz., Nov. 18, 2021 /PRNewswire/ -- Limelight Networks, Inc. (Nasdaq: LLNW), a leading provider of content delivery and AppOps at the edge, today announced the release of the breakthrough Layer0 platform on its global Content Delivery Network (CDN) -- the [...]
Azure Power Signs 600 MW PPA With SECI Under 4 GW Projects
NEW DELHI, Nov. 18, 2021 /PRNewswire/ -- Azure Power (NYSE: AZRE) today announced that it has signed Power Purchase Agreements (PPAs) for 600 MW ISTS connected solar power projects with Solar Energy Corporation of India (SECI), under its 4 GW manufacturing linked projects, which will supply power for 25 years at a fixed tariff of [...]
SpeakIn Open Mic Invites Registration for Delhi Chapter
New Delhi, Delhi, India – Business Wire India SpeakIn, Asia’s largest B2B EdTech platform brings back its flagship experience Open Mic on the 26th November in Delhi. Where motivational speakers, corporate leaders, and budding public speakers are eligible to register for the event on the SpeakIn website. SpeakInOpenMic is a launchpad for public speakers where [...]
Indians in the U.S. Can Now Refinance Their Student Loans
MPOWER Financing launches international student loan refi product Bengaluru, Karnataka, India – Business Wire India MPOWER Financing, a mission-driven fintech firm and the leading provider of education loans to high-promise international students, has launched an international student loan refinancing program (‘Refi’) for Indian graduates now working in the United States. By launching this program, MPOWER [...]
Omidyar Network India Launches ‘The Bold Ones’ Video Series as a Tribute to Indian Entrepreneurs
Mumbai, Maharashtra, India – Business Wire India Omidyar Network India, an investment firm focused on social impact, today launched an 11 part video series ‘The Bold Ones – Innovating For The Next Half Billion.’ The show features stories of some of the country’s boldest entrepreneurs who are contributing towards creating a meaningful life for every [...]
Praylady: Enhancing the Cooking Experience with New Inox 3+ Range
Chennai, Tamil Nadu, India (NewsVoir) Praylady takes utmost pride to announce the new Inox 3+ range of stainless steel cookware to add to their vast range of kitchen utensils in their kitchenware online shopping portal. They are introducing this product in the market as they feel that people are slowly getting into organised cookware and [...]
Singapore AUM Biosciences sees opportunities in Asia and India
Singapore, Nov 18 (PTI) Singapore-based AUM Biosciences, having recently closed funding of USD27 million for global cancer drug development, sees a lot of untapped opportunities in Asia and India."AUM is set to leverage on software expertise in the technology hubs of India. We are working on a win-win situation, taking Indian expertise along with our [...]
NRL’s capacity expansion cost escalates by Rs 5,432 cr
Guwahati, Nov 17 (PTI) Numaligarh Refinery Ltd (NRL) on Wednesday said the cost of its capacity expansion project has escalated by Rs 5,432 crore to Rs 28,026 crore due to adoption of advanced technology. In an official release, the largest PSU refiner in the northeast said the Union Ministry of Petroleum & Natural Gas has [...]
Prepaid electricity meters to be installed in Sikkim in phased manner: Minister
Gangtok, Nov 17 (PTI) The Sikkim government has decided to install prepaid electricity meters in a phased manner to ensure operational efficiency and sustainable use of energy by consumers, state Power Minister M N Sherpa said on Wednesday. In view of the Centre's Integrated Power Development Scheme, the state government has planned to install prepaid [...]
India received USD87 billion in remittances in 2021
Washington, Nov 17 (PTI) India received USD 87 billion in remittances in 2021, and the United State was the biggest source, accounting for over 20 per cent of these funds, the World Bank said in its latest report on Wednesday. "Flows to India (the world's largest recipient of remittances) are expected to reach USD 87 [...]
FPOs of marginalised farmers to change country’s agriculture scenario: Tomar
Agartala, Nov 17 (PTI) Asserting that the Centre is working on reducing farming cost and increasing growers' income, Union Minister Narendra Singh Tomar on Wednesday said new Farmer Producer Organisations (FPOs) of marginalised cultivators will change the agriculture scenario in the country. More than 11 crore farmers have so far received a total of Rs [...]
BDL inks Export Contract worth USD 21 million with Airbus Defense & Space for CMDS
Hyderabad, Nov 17 (PTI) Bharat Dynamics Limited (BDL) on Wednesday signed an export contract with Airbus Defense & Space, Spain for supply of Counter Measures Dispensing System (CMDS). Under the contract, BDL will supply its in-house developed CMDS to Airbus, it said in a release here. The contract, valued at around USD 21 million, was [...]
Zerodha faces investors’ fury on technical glitch
New Delhi, Nov 17 (PTI) Users of online brokerage Zerodha faced difficulty in trading on Wednesday due to a technical glitch on its trading platform. The brokerage house faced customers' ire on microblogging site Twitter as they complained that prices and trading froze on its platform during the trading hours. "Zerodha down, price not updating," [...]
Grofers plans to open 150 more dark stores by December for quick commerce
New Delhi, Nov 17 (PTI) E-commerce firm Grofers plans to open 150 dark stores by December, taking the total count to 350, for quick commerce to deliver orders in about 10 minutes, the company's co-founder said Wednesday. The company claims to have a 3 million monthly order run rate and growth of 3.5 times in [...]
Kolkata Port to conduct pre-feasibility studies for seaplane operations in Bengal
Kolkata, Nov 17 (PTI) Syama Prasad Mookerjee Port, formerly Kolkata Port Trust, will carry out pre-feasibility studies for seaplane operations that can give a boost to the tourism sector in West Bengal, an official said on Wednesday. The port authorities have proposed to conduct these studies in four-five locations such as Kolkata, Kalyani, Sundarbans and [...]
Business briefs 2
Eldeco ties up with Rohit Sharma's cricket academy CricKingdom for housing project New Delhi, Nov 17 (PTI) Realty firm Eldeco on Wednesday said it has partnered with CricKingdom, a cricket academy mentored by Indian T20 skipper Rohit Sharma, for its housing project in Noida. CricKingdom will run cricket academy at the project 'Eldeco Live by [...]
Tech will make it easier for organisations to achieve their diversity, inclusion goals: Report
New Delhi, Nov 17 (PTI) A number of organisations believe that technology will make it easier for them to achieve their diversity, equity and inclusion (DE&I) goals, according to a survey commissioned by Intel. The survey found that the pandemic has been a catalyst for businesses to re-imagine the workplace model and adapt to new [...]
Tata Motors looks to set up vehicle scrappage centres under franchise model
New Delhi, Nov 17 (PTI) Tata Motors is looking to establish vehicle scrappage centres under a franchise set up with the first one expected to become operational in the first quarter of the next fiscal, a top company official said on Wednesday. The auto major earlier this year had joined hands with the Gujarat government [...]
Take risks, cut import dependence: FM’s mesage to India Inc
New Delhi, Nov 17 (PTI) Finance Minister Nirmala Sitharaman on Wednesday said there are clear signs of an uptick in the economy and the industry should now start taking risks and invest in capacity creation that will help cut import dependence. "I would strongly appeal to Indian industry that you shouldn't further delay looking at [...]
Gofers plans to open 150 more dark stores by December for quick commerce
New Delhi, Nov 17 (PTI) E-commerce firm Grofers plans to open 150 dark stores by December, taking the total count to 350, for quick commerce to deliver orders in about 10 minutes, the company's co-founder said Wednesday.The company claims to have a 3 million monthly order run rate and growth of 3.5 times in the [...]
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