The generic drug Mycophenolate Mofetil for oral suspension, which is used in organ transplant patients to prevent rejection, has been approved by the US health agency, Strides Pharma Science Ltd. on Wednesday said. The approval granted by the US Food & Drug Administration (USFDA) is for Mycophenolate Mofetil for oral suspension of strength 200 mg/ml, [...]
The government's decision to lower the cost of cooking gas cylinders is a gift to the lower and middle classes, Commerce and Industry Minister Piyush Goyal said on Tuesday. To lessen the impact of growing inflation on people, the government on Tuesday announced a reduction in the cost of home cooking gas of Rs 200 [...]
Tata Power-DDL is a power distribution company (discom) that supplies electricity in North Delhi and serves a populace of 7 million. Tata Power Delhi Distribution Ltd (Tata Power-DDL) has received a three-year extension till 2026 from the Department of Scientific and Industrial Research (DSIR) for its in-house R&D unit. Tata Power Delhi Distribution Ltd is [...]
India and New Zealand have signed a Memorandum of Understanding (MoU) to boost cooperation in civil aviation, which includes scheduling of new routes, codeshare services, traffic rights and capacity entitlement, an official statement said on Tuesday. According to the MoU, the designated airline(s) of New Zealand may operate any number of services with any type [...]
Capital markets regulator SEBI on Tuesday came out with guidelines to strengthen the existing cyber security and cyber resilience framework for stock exchanges and other market infrastructure institutions (MIIs). The new guidelines will come into force with immediate effect and in a statement, SEBI stated that cyber risk of MIIs isn't limited to MIIs owned [...]
Benchmark equity indices Sensex and Nifty closed on a flat note on Wednesday amid weak global cues. Shedding most of the gains made during the day, the 30-share BSE Sensex ended 0.02 per cent or 11.43 points higher at 65,087.25 points. Similar trends were witnessed on the NSE too where the broader 50-share Nifty inched [...]
PSU Punjab National Bank (PNB) on Wednesday said it has launched a mobile application based on the GST Sahay scheme, an end–to-end digital product under which lending can be done using GST invoices. The PNB GST Sahay App makes the entire loan process digitised and helps eliminate any manual intervention for borrowers and makes the [...]
The government has decided to extend the Rs 25,938-crore production-linked incentive scheme for the automotive sector by one year, Union Heavy Industries Minister Mahendra Nath Pandey said on Tuesday. Post extension, the five-year scheme, originally in place from 2022-23 to 2026-27, will be active until 2027-28. At present, incentives are applicable under the scheme for [...]
BharatPe's Chief Business Officer Dhruv Dhanraj Bahl is leaving the company after about four years of service. Bahl joined the company in 2020 as head of operations and was elevated to Chief Operating Officer, before assuming his present role of CBO for Merchant Lending. Bahl is a venture partner with Bharat Founders Fund, and has [...]
The government of India has its wide focus on the infrastructure and road construction of our country. In recent years, the government has introduced many projects in order to improve the road quality. In a span of one year, a minimum of 5 projects related to road infrastructure and construction has been introduced. The road [...]
The Tata Group is an Indian multinational conglomerate with products and services in over 150 countries and operations in 100 countries across six continents. The group has 29 publicly listed companies Usually, ace investors invest in small-undervalued companies that have a huge potential to grow. However, here are a few Tata Group stocks that have [...]
This S&P BSE Smallcap stock has a market cap of Rs. 2867 crores. The company announced acquisition of an Australia based group of companies to expand its offerings and presence into the APAC region. Subsequently, the company saw volume spurt that was 8% higher than the weekly average. It has been on an uptrend since [...]
Lately, X (formerly known as Twitter), has been loaded with the posts of many angry traders and investors who came to know that their beloved influencers, who have been teaching them for years about the topic of how to become full-time ‘Profitable’ traders through their contents and courses, are themselves in losses. This anger is [...]
This large cap stock reached its 52- week today during the trading session after the board approved sale and transfer of Beawar Transmission Limited. The share prices of REC closed at Rs. 245.75 levels. The stock jumped 2% to reach its 52- week high of Rs. 249.25 per share. The stock gave a multibagger return [...]
This mid-cap stock gains 4% after reporting Q1 results. On Wednesday stock closed 6.7% below the 52-week high. The volume is maintaining the stock price high and rising, and it is greater than usual compared to the previous day and week and the stock has no short interest. SBFC Finance Ltd The company belongs to [...]
The capital market regulator Sebi fined nine organizations a total of Rs 45 lakh on Tuesday for engaging in non-genuine trades in the BSE's illiquid stock options market. In nine separate orders, the regulator imposed a fine of Rs 5 lakh each on Vivek Company, Soundlight Projects, S R Realbuild, Srijan Dealers, Manomay Dealmark, Zodiac [...]
A Entertainment Media is consumed by audiences across demographics and various avenues, As per report, Indian’s spend 82% of their time on mobile devices for media and entertainment. The Indian media and entertainment sector is predicted to expand at a 10.5% CAGR to $34.62 billion by 2025, led by live events, animation VFX, and online [...]
Ramkrishna Forgings announced on Tuesday that it has received a contract for the delivery of equipment to a client in the South American market for Euro 8.25 million, or roughly Rs 73.65 crore. The company will be supplying front and rear axle components for the next five years, it said in a statement. "This contract [...]
A day after Gokaldas Exports announced that it had reached an agreement through its wholly-owned companies to buy UAE-based Atraco Group, the company's shares soared 9% in early trade on Wednesday and reached their 52-week high. The shares of the company rallied 8.83 per cent to Rs 800.25 apiece on the NSE. The stock witnessed [...]
Inox India Ltd, a manufacturer of cryogenic tanks, has submitted preliminary papers to capital market regulator Sebi in order to raise money through an IPO. According to the Draft Red Herring Prospectus (DRHP) submitted on Tuesday, the Initial Public Offering (IPO) is solely an Offer For Sale (OFS) of up to 2.21 crore shares by [...]
