India's sugar production fell 6 per cent to 311 lakh tonnes till April 15 of the 2022-23 marketing year ending September, mainly due to lower output in Maharashtra, according to industry body ISMA. The sugar marketing year runs from October to September. Sugar output stood at 328.7 lakh tonnes in the corresponding period of the [...]
Healthy investments, innovation and integration with value chains will help India's textiles and apparel sector to register healthy growth in manufacturing and exports, AEPC said on Tuesday. Newly appointed secretary general of the Apparel Export Promotion Council (AEPC) Mithileshwar Thakur said the focus should be on building scale, skill and technology besides diversification of products [...]
The Centre has asked states and Union territories to take steps to mitigate the adverse effects of extreme hot weather on workers in different sectors. "Ministry of Labour and Employment has asked all States and UTs to ensure preparedness and effective management of the impact of ensuing heat wave conditions on workers and labourers working [...]
Diversified contract manufacturing company Aequs has secured USD 27.5 million (about Rs 225.50 crore) in funds from Amicus Capital and existing investors, a release said on Tuesday. Aequs said it plans to deploy the capital from the fundraise led by Amicus in ramping up its manufacturing capabilities to cater to both domestic and multinational OEM [...]
Social media platform Twitter will allow freedom of speech but not "freedom of reach" as it will restrict visibility of tweets that violate its rules, the company said in its policy update. Twitter will initially apply the visibility filter on tweets that are found violating hateful conduct rules and expand it to other domains later. [...]
Passenger traffic at Bangalore airport jumped 96 per cent to 31.91 million in FY2022-23 compared to 16.28 million in the previous year, the private airport operator announced on Tuesday. Domestic traffic grew 85.2 per cent to 28.12 million in FY23 against 15.18-million in FY22 while international traffic rose over three-fold to 3.78 million during the [...]
Shares of Brightcom Group have stayed in the 5 percent lower circuit today and were locked at a price of Rs 14. In the last 5 trading sessions, the stock has shown a downward movement of around 20 percent ranging from Rs 17.55 to the current levels. One of the factors contributing to such movements [...]
Tata Chemicals Limited stock prices dipped more than 6 percent today and currently trade at a price of Rs 930. In the past 6 months, the stock has lost around 20 percent ranging from Rs 1,166 to the current price levels. Tata Chemicals Limited is engaged in the business of manufacturing and selling a variety [...]
More than 95 per cent of prospective homebuyers feel that a further increase in interest rate on home loans will affect their purchase decisions, according to a CII-Anarock survey. A total of 4,662 people participated in the survey carried out jointly by industry body CII and real estate consultant Anarock. The report 'The Housing Market [...]
The Mumbai-bench of National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of Reliance Capital by three months to July 16 as lenders have agreed to hold a second round of auction to maximise their recovery. The earlier deadline of April 16 has already ended. The 90 days deadline extension [...]
Co-working major WeWork India has taken on lease 92,000 square feet office space in Pune from Panchshil Realty to expand its business. In a statement, WeWork India said it has signed a lease agreement for a new building 'Eleven West' in Pune. Located in Baner, the workspace spans over 92,000 square feet and marks WeWork [...]
Shares of Angel One Ltd gained 6.43% on Tuesday’s early trades after the stock broking firm continued its strong quarterly performance. Its share price reached an intraday high of ₹ 1358.85 apiece, against Monday’s closing share price of ₹ 1276.80 apiece on the National Stock Exchange (NSE). At 1:15 PM, the company’s shares were trading [...]
Shares of Precision Camshafts Ltd rose sharply after ace investor Vijay Kedia picked a stake in it. The company’s shares appreciated 16.74% on Tuesday to reach an intraday high of ₹ 149.20 apiece. At 12:00 PM, the shares were trading at ₹ 144.25, up 12.87%. Precision Camshafts is an auto ancillary company that manufactures and [...]
The initial share sale of drug maker Mankind Pharma will open for public subscription on April 25. The three-day initial public offering (IPO) will conclude on April 27, and the bidding for anchor investors will open on April 24, according to the red herring prospectus (RHP). The company's IPO is entirely an offer for sale [...]
Just Dial Limited shares hiked nearly 7.3 percent recording an intra-day high figure of Rs 698. The scrip currently trades at Rs 677 which is a decent 4.2 percent gain as compared to the previous closing levels of Rs 650. In the last five trading sessions, the stock has gained around 9 percent ranging from [...]
Indian Hotels Company Limited on Tuesday announced the signing of two new hotels in Dhaka, Bangladesh. The Taj and Vivanta branded hotels will be part of an integrated complex that will also include hi-end retail. These are greenfield projects. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, "We are delighted to debut in [...]
Sterling and Wilson Pvt Ltd has bagged three rural electrification orders worth Rs 1,080 crore. While one order is from Chhattisgarh State Power Distribution Company Ltd (CSPDCL) in Rajnandgaon district, Chhattisgarh, two others are from South Bihar Power Distribution Company Ltd (SBPDCL) in Nalanda (also covering districts in Nawada) and Gaya. The projects, aimed at [...]
After the company is done performing its operations throughout the year, it sometimes retains the money (if in surplus) or pays out a part of the profits to its existing shareholders. The portion let out to the shareholders is known as a ‘Dividend’. They may be paid primarily in cash, as well as in the [...]
A logo is a representation of a brand, just like the wind, everyone can sense its existence, but few can explain what it means or where it comes from. However, logos are essential in promoting a product or service and creating brand awareness. The word logo refers to graphic images that define a brand's identity [...]
Shares of Avalon Technologies made a muted market debut on Tuesday, listing with a discount of over 1 per cent on the BSE, against the issue price of Rs 436. The stock made its debut at Rs 431, a decline of 1.14 per cent from the issue price on the BSE. It further fell 5.43 [...]
