NEWS. Stock Market NEWS Updated Daily
NEWS. Stock Market NEWS Updated Daily
This NEWS section covers current news for stock markets. To view latest news about specific stocks, please browse to the desired stock pages. Click one of the exchanges in the menu above and then use the search box to find your desired stock.
NEWS. Stock Market NEWS Updated Daily
Gujarat Toolroom acquires 65-acre land for Rs 570-cr hybrid energy project
Gujarat toolroom invested rs 572 crore in a 65-acre gujarat land for a green energy project. the hybrid power plant, with solar panels and wind turbines, aims to contribute 97.5 megawatts of sustainable electricity.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Adani Energy Solutions arm to acquire 100 pc stake in Pointleap Projects
The acquisition is expected to be completed within 4-5 working days from the execution date of spa, it said.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Yoga pants inventor Lululemon Athletica plans to enter India
Lululemon athletica plans to enter india independently, focusing on locations in mumbai, delhi, and bangalore. the company, known for yoga pants, aims to tap into the country's growing demand for fitness and athleisure wear.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
RBI lifts restrictions on Bajaj Finance's eCOM, Insta EMI Card with immediate effect
The reserve bank of india (rbi) has lifted the restrictions on bajaj finance's ecom and online digital ‘insta emi card’ with immediate effect, according to an exchange filing by the company. the rbi's decision follows the remedial actions taken by baja
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Tesla moves Delhi HC alleging infringement of its trademark ‘Tesla’ by Gurugram-based Tesla Power India
Tesla inc., a prominent us electric vehicle (ev) manufacturer, has filed a complaint in the delhi high court against gurugram-based tesla power india for allegedly infringing on its trademark 'tesla.' the company seeks to restrain tesla power from using it
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Adani Green Energy secures 0 mn from international banks for 750 MW power projects
Adani green energy ltd (agel) has secured usd 400 million financing from a consortium of five international banks for its upcoming solar projects totaling 750 mw in gujarat and rajasthan. these projects are slated to commence operations from november 2024
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
India's coal production rises 7.4 pc in Apr to 78.69 MT
India's coal production in april 2024 reached 78.69 mt, with coal india ltd contributing 61.78 mt. captive/others production also increased, leading to a rise in total coal dispatch to 85.10 mt.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Blaze in NTPC's superthermal power plant in Jharkhand: NGT issues notice
Ngt requests responses from authorities, including ntpc's plant head, on a recent fire incident at a 660x3 mw coal-based power plant in jharkhand's chatra district, emphasizing environmental norms compliance.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Savills to triple its business in India in 3 to 5 years
Savills targets tripling business in india over 3-5 years, focusing on acquisitions in facility management. top markets are uk, us, china, and southeast asia. growth hubs include bangalore, delhi, hyderabad, mumbai, and kolkata.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Bayer acquires remaining 25% stake in Bayer Zydus Pharma Pvt Ltd to secure full ownership
Bayer pharmaceuticals private limited and zydus lifesciences limited have concluded their joint venture, bayer zydus pharma private limited (bzppl), established in 2011 for pharmaceutical sales and marketing in india. bayer is now acquiring full ownership
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Minor Hotels targeting 50 new openings in India in within the next decade
Minor hotels, a global hospitality operator, plans to significantly expand its presence in the indian market by opening 50 new properties within the next decade. focusing on upper-upscale and luxury segments, it aims to leverage its anantara, avani, and nh
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Ujjivan Small Finance Bank appoints Carol Furtado as executive director
Carol furtado appointed as executive director at ujjivan small finance bank for three years from may 1, approved by rbi. with 29 years in banking, she played key roles in the bank's development.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
IndiGo announces bonus for its employees
Indigo, india's largest airline, is set to return to full-year profitability in fy 24, following a challenging period due to the pandemic. the company has announced a bonus for its employees equivalent to one and a half months' salary. the surge in domesti
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
FSSAI to launch quality check of food items like dairy products, spices, fortified rice
The food safety and standards authority of india (fssai) plans to conduct surveillance on various food items like fortified rice, dairy products, and spices sold in the domestic market. this comes after a probe into alleged violation of norms in branded sp
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Maiva Pharma raises Rs 1,000 cr from Morgan Stanley PE and India Life Sciences Fund
Maiva pharma has raised rs 1,000 crore from morgan stanley private equity asia and india life sciences fund, including both primary and secondary funding. the funds will be used to set up a new manufacturing facility near karnataka's hosur, with capabiliti
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
USA Cricket ropes Amul as lead arm sponsor of men's team for T20 WC
Amul partners with usa cricket for icc t20 world cup 2024. usa debuts in dallas, tx. amul sponsors netherlands' team too. usa cricket chairman venu pisike said, "amul's extensive track record of sponsoring cricket teams underscores its commitment to nurtu
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Fin inclusion, digital growth to drive payments bank momentum in India: Airtel Payments Bank CEO
Airtel payments bank ceo anubrata biswas is optimistic about the growth prospects of payments banks in india, driven by financial inclusion initiatives and rapid digital growth. airtel payments bank has seen significant growth in users, revenue, and profit
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Electric bike sales decline 50% in April amid subsidy changes
Electric two-wheeler sales in april dropped by 50% due to subsidy changes. ola electric led with 33,000 units sold out of the 64,000 total ev scooter sales. companies like bajaj, tvs motors, and ather energy also felt the impact.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Janhvi Kapoor Chennai home on Airbnb: Location, price, pics, features, food
Janhvi kapoor airbnb home: bollywood actor janhvi kapoor, daughter of later superstar sridevi, has opened up her family vacation home in chennai for guests on airbnb.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Go First planes need engines, spare parts; lessors to take longer to fly them out of India
Industry experts anticipate that it will take longer for lessors to remove go first's 54 deregistered planes from the country due to engine and spare parts requirements. the majority of these planes, stopped in may 2023, need maintenance and approvals for
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Energy storage systems important to increase share of RE in power generation: ICRA
India aims for 40% renewable energy by fy2030, driven by re capacity growth. energy storage systems, especially bess and psp projects, play a crucial role in managing power intermittency, ensuring grid stability, and shifting peak loads to support the tran
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Vodafone Idea seeks Rs 15,000 cr loans in next two years
Vodafone idea ltd. plans to secure loans totaling 150 billion rupees (.8 billion) from lenders over the next two years. this is part of a larger strategy to raise 250 billion rupees in debt to repay creditors, roll out 5g, and bid for additional spectrum
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Dabur explains why rural demand for its brands is growing at a faster clip than urban
Fmcg giant dabur has increased its rural footprint, driving demand for its brands by nearly 400 bps compared to urban areas. the company has increased investments in consumer activation in rural areas and launched newer affordable and rural-specific packs
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Federal Bank CEO search in final stages, discloses MD Shyam Srinivasan
Federal bank plans to present a roster of potential candidates for the managing director role to the rbi soon, though their identities remain confidential. shyam srinivasan, the managing director, confirmed the advanced stage of the selection process.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Vikram Solar gets 250 MW module supply order from Gujarat Industries Power Company
Vikram solar has secured a 250 mw solar module supply order from gujarat industries power company ltd (gipcl), under the government's approved list of models and manufacturers. the high-efficiency, bifacial modules will be manufactured, tested, and install
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
India needs to expand universal health coverage for rapidly ageing population, maintain growth: ADB report
A report by the asian development bank (adb) highlights india's low health insurance coverage for older people, emphasizing the need to expand universal health coverage. while countries like south korea and thailand have achieved universal coverage, india
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Maiva Pharma raises Rs 1000 crore from Morgan Stanley Private Equity, InvAscent
Morgan stanley pe asia and india life sciences fund are investing almost equally, total stake with both funds combined will be over 60% post primary investment, the company told et.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Mahindra sales up 13% in April at 70,471 units
Mahindra & mahindra reported a 13% increase in total wholesales to 70,471 units in april 2023, with total dispatches to dealers at 62,294 units. domestic passenger vehicle sales rose 18% to 41,008 units, while exports increased by 2% to 1,857 units. tr
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Indus Towers facing a Rs 60 cr shortfall in collections from Vodafone Idea in Q4
Indus towers received an additional rs 360 crore from vodafone idea (vi) for old dues, but analysts note a rs 60 crore shortfall in collections. despite this, indus' trade receivables increased by rs 430 crore sequentially in q4fy24, reflecting the delayed
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Air India's Airbus A350 marks International debut
The launch of flight on this route marks the international debut of air india's recently acquired aircrafts, making it the sole carrier to operate the a350 between india and dubai.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
KVS Manian joining Federal Bank? Lender mum on new chief decision, gives a hint over succession plans
Federal bank declined to comment on reports of kvs manian as md & ceo candidate, emphasizing their search for the best candidate, internal or external. manian, a former kotak mahindra bank executive, is speculated for the role. federal bank reported q4
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
SM REIT Rules may create around Rs 70,000 crore opportunity for small offices
The capital market regulator securities & exchange board of india (sebi) has announced that it will regulate fractional ownership platforms (fops) offering real estate assets through sm reit.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Adani Ports guides for Rs 10,500-11,500 cr capex in FY25, banks on Gopalpur Port to achieve 500 MMT cargo volumes
Adani ports and special economic zone (apsez) plans a capital expenditure of rs 10,500-11,500 crore in fy25. acquisition of gopalpur port aims to boost cargo volumes by 500 mmt. fy25 targets include 460-480 mmt cargo volumes and rs 29,000-31,000 crore reve
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
NPCI inks pact with Bank of Namibia for developing UPI-like instant payment system
This strategic partnership aims to enhance digital financial services and bolster real-time person-to-person (p2p) and merchant payment transactions (p2m) in the african nation.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Surge in tobacco prices benefits Andhra Pradesh growers
Local auction prices have surged to nearly all-time highs, reaching rs 280 to rs 290 per kg and are expected to exceed rs 300 per kg in the coming weeks, as per the toi report. this represents a substantial increase of about 30% from farmers' initial expec
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Adani Ports and Special Economic Zone handles 36.2 MMT cargo globally in April
Adani ports and special economic zone ltd (apsez) reported a 12% yoy growth in april, handling 36.2 million mmt of cargo across most domestic ports. the growth was recorded across dry (+7% yoy), liquid & gas (+29%), and container (+14%) categories. aps
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Commuters suffer as train services hit on Mumbai's Harbour line a day after derailment
Empty local train derails near csmt, causing significant delays on the harbour line in mumbai. the incident results in speed restrictions, affecting the daily commute for over 10 lakh passengers on the railway corridor.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Okaya launches e-bike 'Disruptor' at Rs 1.59 lakh; Running cost to be 25 paisa/km
Ferrato, a premium brand of okaya ev, launches the "disruptor" electric bike at rs 1.4 lakh (after subsidy) in delhi, offering a running cost of 25 paise per km. pre-bookings are available on their website with a special rs 500 offer for the first 1000 cus
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Kia India announces partnership with Map My India to offer navigation solutions
The platform's database covers over 450 categories of four-wheeler-specific points of interest, facilitating the seamless discovery of crucial locations such as dealerships, service centers, fuel stations, hospitals, hotels, and restaurants.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
MDH Everest saga: FSSAI widens spices crackdown with nationwide checks on all manufacturers
India's food safety regulator announced nationwide inspections and testing of spice mix producers following global scrutiny over contamination concerns with popular brands mdh and everest. hong kong and singapore suspended sales due to ethylene oxide level
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Godrej family settlement: For next 6 years, the two sides can compete in only one business
In family settlement cases, non-complete agreements are a standard practice, in india as elsewhere. for the godrejs, the non-compete period started on april 30.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
DFM Foods premiumises snacks portfolio; building biz attractive to strategic buyers in long term: CEO Vipul Prakash
Dfm foods, a packaged snacks maker, has shifted its focus from rs 5 packs to larger packs of rs 10 and rs 20, in line with evolving consumer trends. this move is driven by urban demand, quick-commerce, and surging packaging costs. dfm has accelerated opera
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Took AstraZeneca's Covishield? Should I be worried? What are the risky side effects I shouldn't ignore? Here are all the answers
Astrazeneca's admission of covishield's potential link to thrombosis with thrombocytopenia syndrome (tts) has stirred concerns. despite its rarity, social media debates over vaccine safety persist. covishield, similar to astrazeneca's, faces scrutiny, thou
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Avaada Energy secures Rs 1,190 crore loan from SBI for solar project
Avaada energy has secured a rs 1,190 crore loan from the state bank of india for a 400 mwp utility-scale solar pv project in gujarat's surendra nagar district. the 20-year project loan facility will support the project's development and procurement by guja
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Fintech future forward: How this longest-running IIM Calcutta programme is preparing industry leaders to navigate the next wave of financial technology
Iim calcutta's ampffb programme prepares fintech professionals for industry leadership through strategic skills and digital transformation knowledge. with a focus on innovation and excellence, graduates become visionary fintech leaders in the evolving fina
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Ashok Leyland sales rise 10 pc in April to 14,271 units
Domestic sales increased 9 per cent to 13,446 units last month as compared to 12,366 units in april 2023, ashok leyland said in a statement.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Maruti Suzuki reveals recipe for improved export plans in FY25
Indian automaker maruti suzuki is targeting nearly 3 lakh exports in fy25, focusing on improving its portfolio abroad. with 283,067 units exported, the company has been india's top passenger car exporter for the third consecutive year. the company has also
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
'Baseless, misleading': ICICI Bank issues clarification over MD Sandeep Bakhshi's exit
Icici bank on thursday issued clarification over an article stating that the bank's managing director (md) sandeep bakshi is willing to leave his position.
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
After MDH and Everest controversy, Centre orders all state governments to test spices for quality check
In the wake of a recent controversy surrounding india's exported food spices, the central government has directed all state governments to conduct thorough quality testing of spices. although both the spices board and the food safety and standards authorit
Tag: Industry India Source: indiatimes.com Dated: 2024-05-02
Nippon India Mutual Fund changes fund manager for three schemes
Nippon india mutual fund has changed the fund manager for its three schemes: nippon india small cap fund, nippon india multi asset fund, and nippon india focused equity fund.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
Motilal Oswal Flexicap Fund completes 10 years, offer 400% absolute return since inception
motilal oswal flexicap fund completed a significant milestone on april 28. the fund has completed ten years of existence in the market. the fund manages assets under management (aum) of rs 9,660 crore.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
12 mutual fund NFOs launched in April; 7 index funds offered
Of the 12 nfos, three schemes are still under their nfo period. here is the category-wise break up of new funds launched.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
IIFCL AMC, 4 others settle mutual fund violation case with Sebi; pay Rs 1 cr
iifcl asset management company along with four individuals have settled with sebi a case pertaining to alleged violation of mutual fund norms after paying rs 1.02 crore collectively towards settlement charges.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund
The minimum sip investment is rs 100 and in multiples of re 1 thereafter. the minimum lumpsum investment is rs 500 and in multiples of re 1 thereof.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
Axis Mutual Fund launches Axis Nifty Bank Index Fund
Axis nifty bank index fund aims to track the nifty bank tri, providing investors with a mechanism to participate directly in the growth narrative of leading indian banks, the fund house said in a release.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
These 5 equity mutual funds lost more than 5% in April
Around 75 schemes offered negative returns in april, according to the data by ace mf.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
Aditya Birla Sun Life Mutual Fund launches Nifty PSE ETF
The scheme will be benchmarked against the nifty pse index. the scheme will be managed by haresh mehta. the units of the scheme shall be compulsorily traded in dematerialized form and hence, there shall be no exit load for the units purchased or sold throu
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
Top 10 mutual funds to invest in May 2024
We have chosen two schemes from five different equity mutual fund categories - aggressive hybrid, large cap, mid cap, small cap and flexi cap schemes – which we believe should be enough for regular mutual fund investors. there are caveats: read till the
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
Big miss! 93% smallcap mutual funds fail to beat benchmarks in April
Around 93% of small cap mutual funds failed to beat their benchmarks in april. only 2 out of 27 schemes managed to outperform, emphasizing the riskiness of small cap investments and the need for a high-risk appetite.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
Sebi makes nomination optional for joint mutual fund portfolios
"accordingly, it has been decided that the requirement of nomination ....for mutual funds shall be optional for jointly held mutual fund folios," the securities and exchange board of india (sebi) said in a circular.
Tag: Mutual Fund India Source: indiatimes.com Dated: 2024-05-02
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