The shares of Prestige Estates Projects Limited were trading 1 percent higher at Rs 471 levels in the early hours of Thursday. In the last six months, the stock has zoomed by approximately 18 percent. Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India. [...]
Prasanna Kumar Motupalli was on Thursday appointed as Chairman and Managing Director (CMD) of the state-run NLC India Ltd (NLCIL), a Personnel Ministry order said. The Appointments Committee of the Cabinet has approved Motupalli's appointment till the date of his superannuation that is June 30, 2026, it said. Motupalli, Executive Director of NTPC Ltd, is [...]
Corporate India is indicating cautious hiring in the March quarter of 2023 as concerns rise over possible recession and steady inflation, a survey said on Thursday. According to the ManpowerGroup Employment Outlook Survey, based on interviews with nearly 3,030 public and private employers, hiring intentions will decrease in the quarter both on year-on-year and quarter-on-quarter [...]
Microsoft Chairman and CEO Satya Nadella, who is on a four-day visit to India, met Prime Minister Narendra Modi, and pledged the company's support in helping the country realise the Digital India vision. The Microsoft top honcho described his meeting with the PM as "insightful", and lauded the government's deep focus on sustainable and inclusive [...]
Hindustan Petroleum Corporation Limited (HPCL), a Maharatna oil marketing company, has signed a Memorandum of Understanding with “NTPC Green Energy Ltd, the green energy arm of NTPC Limited, for Renewable Energy Business and Green Power for HPCL Refineries and other Business Units. According to the BSE Filing, The MOU envisages cooperation and collaboration in the [...]
The shares of the tyre manufacturer, TVS Srichakra Limited, opened at Rs 3,250 levels and gained as much as 10 per cent in the early hours to reach a new 52-week high of Rs 3,644. The stock rallied Automotive Tyre Manufacturers Association said that the tyre industry is set to boom in the coming years. [...]
The shares of Engineers India Ltd gained 7.73% on Thursday’s early trades to reach an intraday high of ₹ 85.00 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 84.40 apiece at 11:33 AM on Thursday. It was one of the biggest gainers in the ‘A’ Group after volumes jumped at [...]
The All India Gem and Jewellery Domestic Council (GJC) on Thursday said its members have elected Saiyam Mehra as Chairman and Rajesh Rokde as Vice Chairman of the industry body for a period of two years (2023-24). GJC represents over 6,00,000 industry players comprising manufacturers, wholesalers, retailers, distributors, laboratories, gemologists, designers and allied services providers. [...]
State-owned BSNL will start 5G services in 2024, Union Telecom Minister Ashwini Vaishnaw said on Thursday. BSNL has shortlisted a TCS and C-DOT led consortium for rolling out 4G network, which will be upgraded to 5G in about a year of placing the order under the contract. "BSNL will start 5G services in 2024," Vaishnaw [...]
The Biden administration has proposed a massive hike in immigration fees, including the much sought-after H-1B visas for high-skilled foreign workers which is very popular among Indian tech professionals. Under the proposed rule, published by the US Citizenship and Immigration Services (USCIS) on Wednesday, the application for the H-1B visa increases from USD 460 to [...]
The shares of Bajaj Finance Limited opened at Rs 6,490 and tumbled by more than 7 percent to reach an intra-day low of Rs 6,025.05. The shares tanked despite the company marking the highest loans booked in a quarter at 7.8 MM compared to 7.4 MM in Q3 FY22. The company’s assets under management grew [...]
India’s GDP will be close to USD 20 trillion by 2047 and per capita income may reach USD 10,000 (at current value of USD), Bibek Debroy, chairman, Economic Advisory Council to the Prime Minister, said on Wednesday. Virtually addressing the inaugural session at the 57th Annual Conference of the Indian Econometric Society (TIES) held at [...]
New Delhi, Jan 5 (PTI) Retail sales of overall vehicles in India grew by 15.28 per cent to 2,11,20,441 units in 2022 led by record sales of passenger vehicles and tractors, Federation of Automobile Dealers Associations (FADA) said on Thursday. In 2021, total retail sales of vehicles in India were at 1,83,21,760 units, FADA said [...]
The Association of Mutual Funds in India (AMFI) releases a semi-annual categorization of stocks based on market capitalization. The list released in January 2023 considers data from July 2022 to December 2022. According to the Securities and Exchange Board of India’s (SEBI) circular in October 2017, listed stocks must be strictly categorised into baskets with [...]
Telecom operators Jio and Bharti Airtel on Thursday started their 5G services in the state capital. The 5G services of both the companies were unveiled by Union Education Minister Dharmendra Pradhan and Union Telecom Minister Ashwini Vaishnaw at an event here. Vaishnaw said that the Narendra Modi government has sanctioned a total of Rs 5,600 [...]
Over the past decade, microtransactions have become one of gaming’s biggest talking points. And while we can largely thank them for helping to make lots of AAA games go free to play, they have resulted in a tonne of issues and pushback within the gaming community. In this article, I’ll break down exactly what microtransactions [...]
Employees of three state-owned power companies in Maharashtra called off their strike on Wednesday evening, hours after they stopped work as part of a three-day agitation launched in support of their demands, following an assurance from the government that the utilities will not be privatized, fulfilling a key demand. Maharashtra Deputy Chief Minister Devendra Fadnavis, [...]
Investing in small-cap stocks has an inherent nature of being volatile and involves high risk. However, they generally tend to have a significant upside growth potential in a shorter time frame as the smaller companies have high growth potential. Here are 5 small-cap stocks that delivered a multibagger return in the year 2022: Baroda Rayon [...]
Issues related to ATM/debit cards and mobile/electronic banking were the top grounds of complaints received at the Office of Banking Ombudsman (OBO) during April 1 to November 11, 2021, an RBI report said on Wednesday. The volume of complaints received under the Ombudsman Schemes/Consumer Education and Protection Cells during 2021-22 increased by 9.39 per cent [...]
Enterprise software solutions provider Ramco Systems on Wednesday said it would provide ERP (enterprise resource planning) software solutions to Addison and Co Ltd of the Amalgamations Group and maker of metal-cutting tools. The software offers modules for finance and accounts, inventory, purchases, sales, production, quality management as well as supplier and customer portal on a [...]
