NEWS. Stock Market NEWS Updated Daily
NEWS. Stock Market NEWS Updated Daily
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NEWS. Stock Market NEWS Updated Daily
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
Cigna’s stock jumps 2.7% after earnings beat estimates and company raises guidance
Tag: Market Pulse USA Source: marketwatch.com Dated: 2024-05-02
Biden expected to speak from White House on campus protest wave
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
Apple looks set to throw billions more dollars in cash at investors
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
U.S. trade gap remains near one-year high
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
U.S. productivity rate slumps in the first quarter
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
U.S. first-time jobless claims edge upward as layoffs remain subdued
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
Fed chief Powell says he sees neither the ‘stag’ nor the ‘flation’
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
Peleton Interactive is replacing its CEO
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
Moderna revenue dives by 91% but tops analyst expectations
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
Sales of weight-loss drug Wegovy doubled in the first quarter as supply improved
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
Here's what UBS says to do if Powell is wrong on stagflation
Tag: Breaking Business News USA Source: marketwatch.com Dated: 2024-05-02
HDFC Mutual Fund buys 1.13 million Cyient shares for Rs 204 crore
Hdfc mutual fund on thursday bought shares of global digital engineering and technology company cyient ltd for rs 204 crore through an open market transaction. according to the bulk deal data available with the bse, hdfc mutual fund purchased 11.33 lakh sh
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Aadhar Housing Finance sets IPO price band at Rs 300-315 per share
The initial share sale will be open for public subscription during may 8-10 and the bidding for anchor investors will open for a day on may 7, the company said in a statement
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
GIFT Nifty logged bn turnover in April; SK Finance files draft papers
Vehicle finance and business loans-focused non-bank lender sk finance has filed preliminary papers with sebi to garner rs 2,200 crore through an initial share sale
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Indices rebound on record GST collections, positive manufacturing data
Kotak mahindra bank was the biggest loser, dropping 2.95 per cent after the bank announced the exit of its joint managing director kvs manian
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
India's IPO market set to break May jinx in Lok Sabha election year
For 1st time during poll cycle since '04, mkts will see ipo frenzy
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Sebi introduces draft for stock exchanges to supervise research analysts
Markets regulator sebi on thursday came out with a framework for administration and supervision of research analysts and investment advisers, whereby a stock exchange can be authorised to oversee and manage such entities. in a circular, sebi said a stock e
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
N K Industries consolidated net profit rises 121.05% in the March 2024 quarter
Sales decline 33.41% to rs 5.72 crore
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Railtel Corporation of India standalone net profit rises 3.04% in the March 2024 quarter
Sales rise 19.39% to rs 832.70 crore
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Ugro Capital standalone net profit rises 132.83% in the March 2024 quarter
Sales rise 54.29% to rs 322.41 crore
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Plastiblends India standalone net profit rises 23.59% in the March 2024 quarter
Sales rise 0.47% to rs 198.91 crore
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Adani Ent Q4 PAT drops 38% YoY to Rs 451 cr
Adani enterprises consolidated net profit fell 37.63% to rs 450.58 crore in q4 fy24 as compared with rs 722.48 crore posted in q4 fy23.
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Tara Chand Infralogistic Solutions standalone net profit rises 140.46% in the March 2024 quarter
Sales rise 19.70% to rs 46.49 crore
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
Voltamp Transformers standalone net profit rises 22.15% in the March 2024 quarter
Sales rise 14.62% to rs 504.16 crore
Tag: Business Markets India Source: business-standard.com Dated: 2024-05-02
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