NSE share market NEWS tomorrow (22 February, 2022). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (22 February, 2022). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 22 February 2022
Kpit Technologies was amongst the top gainers, currently trading at 571.75 in NSE with 2.49 times change in volumes and 5.762% change in price. Other gainers included Supreme Industries with 4.547% price change and 2.354 times volumes, National Aluminium with 3.448% price change and 1.929 times volumes, Apollo Hospitals with 3.375% price change and 2.125 times volumes, and Cholamandalam Investment with 2.588% price change and 4.897 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Macrotech Developers was amongst the top losers, currently trading at 1185.15 in NSE with 2.1 times change in volumes and -6.538% change in price. Other losers included Dlf with -6.392% price change and 2.419 times volumes, Pb Fintech with -5.607% price change and 2.344 times volumes, Pnb Housing with -4.841% price change and 0.772 times volumes, and Suzlon Energy with -4.663% price change and 0.553 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
Bengaluru-based neobank Fi crosses 1 mn users within 10 months of launch. This comes after the platform recently raised million in a funding round led by Facebook co-founder Eduardo Saverin's B Capital
SaaS start-up Hasura enters unicorn club with 0 mn Series C funding. Greenoaks-led round will be used to expand R&D and go-to-market activities for GraphQL
NBCC assures SC about quality and structural safety of Amrapali projects. National Buildings Construction Corporation (NBCC) has assured the Supreme Court that the construction of stalled projects of Amrapali Group will be of good quality
Financial viability important for starting new overseas flights: Vistara. With fuel cost being higher, we have to review where we should be looking at for additional operations, said Vistara's chief Vinod Kannan
Vymo raises mn in series C round from BII, Sequoia, existing investors. BII's Rohit Sood will be joining the company's board
SIS bags project worth Rs 225 cr to provide security solutions to CIL arm. As part of the contract, SIS will deploy security personnel in different categories to provide security services across 18 sites
CoutLoot: A digital platform for bargain hunters across Bharat and India. The firm allows buyers and sellers pan-India to haggle over price and terms in as many as 12 languages on chat platforms, is now planning video-enabled bargaining too
SJVN signs papers to get Rs 6,333 cr loan for Arun-3 hydro project in Nepal. State-owned SJVN on Tuesday signed papers to get a Rs 6,333.40-crore loan from a consortium of banks from India and Nepal for funding of its Arun-3 power project in Nepal. "SJVN Arun-3 Power Development Company, a subsidiary of SJVN Ltd in Nepal, today (on
Accenture to deploy ERP system for ABFRL for better customer service. The system will be designed to enhance customer service by combining ABFRL's manufacturing and retail functions into a digital core for fashion and vertical business, it said
HSBC's profit before tax from India rises marginally to USD 1.11 bn. The country is the fourth biggest profit centre for the UK-headquartered lender, after Hong Kong, the UK and Mainland China, according to an official statement
NCLAT allows RARCL plea to initiate insolvency against Narendra Plastics. The National Company Law Appellate Tribunal on Tuesday set aside an NCLT order that rejected an appeal by Reliance Asset Reconstruction Company Ltd (RARCL) to initiate insolvency proceeding against Narendra Plastics. The NCLAT also directed the NCLT to ini
Procter & Gamble India extends benefits to partners of LGBTQ+ staff. FMCG maker Procter & Gamble India on Tuesday said it will extend all company-offered financial and medical benefits to the partners of its LGBTQ+ employees. Earlier these benefits were available to spouses of married employees and will now be extended to t
Bank of India says it can absorb mark-down of recapitalisation bonds. Lender makes statement as central bank expresses concern at the recapitalisation of state-owned lenders through zero-coupon bonds.
Rural social network Krishify gets .2 mn funding for expanding business. Krishify app helps farmers, rural communities and agribusiness companies to interact and transact among themselves.
Data centre specialist Princeton Digital raises 0 mln, led by Mubadala. The funding will enable the Princeton Digital to deepen its presence in Japan, India, Singapore.
Accenture to drive digital transformation at Aditya Birla Fashion. Accenture will develop an Enterprise resource planning system (ERP) to streamline business processes and accessibility of data across clothing brand's stores for Aditya Birla Fashion.
Online healthcare firm MediBuddy raises 5 mn in Series-C funding. MediBuddy, which recently got actor Amitabh Bachchan as a brand ambassador, is aiming to scale up business
Influencer-marketing firm Adicube raises Rs 12 cr in pre-seed funding. Adicube gives brands access to more than 5,000 verified influencer profiles and offers transparency in costs.
Jet Airways appoints SriLankan Airlines ex-CEO Vipula Gunatilleka as CFO. Jalan-Kalrock consortium-owned Jet Airways on Tuesday announced the appointment of former SriLankan Airlines' CEO, Vipula Gunatilleka as the Chief Financial Officer. "We are excited to welcome Vipula Gunatilleka to our young and energetic team. Vipula is a
CCI seeks more information, likely delaying PayU's acquisition of Billdesk. The deal will help PayU become an online payment provider globally by total payment volume.
Vistara to ramp up manpower to 5,000 this year, says CEO Vinod Kannan. The airline, which currently has 50 planes, aims to have 70 planes by the end of 2023 after taking into account some aircraft that will be returned to lessors
Aditya Birla Fashion selects Accenture to speed up its digital shift. Accenture will design, develop, and deploy an ERP system based on SAP S/4HANA to streamline business processes, improve visibility and accessibility of data across ABFRL
SoftBank-backed Swiggy eyes 0-mn IPO early next year: Report. Swiggy has begun adding independent directors to the board, and plans to position itself as a logistics company and not just a food delivery firm, according to the report
Proptech startup Facilio raises mn from Dragoneer, Tiger Global, others. Facilio offers a unified software platform that leverages an AI-led predictive engine to help real estate portfolios digitise processes and optimise their property operations
sRide car-pooling app offers services without required approval: RBI. RBI cautioned the public against sRide car-pooling app saying the tech firm offers semi-closed (non-closed) pre-paid instrument (wallet) services without authorisation from the central bank.
Indian Hotels expands presence in Uttarakhand with new resort. Indian Hotels Company Ltd (IHCL) on Tuesday announced the addition of its second hotel in Rishikesh with the signing of a new SeleQtions resort. The formerly operating resort will be rebranded as Anand Kashi, an IHCL SeleQtions resort post renovation. Suma
Cosmea Financial launches Torus Private Wealth; targets bn in AUM. Sam Ghosh promoted Cosmea Financial Holdings (CFH) announced the launch of Torus Private Wealth with a target of achieving an asset base of billion in the next 3 years.
Warburg to buy minority stake in medical devices major Meril for 0 mn. Leading global growth investor Warburg Pincus has agreed to pick up a minority stake for USD 210 million (about Rs 1,575 crore) in Micro Life Sciences, the parent firm of the Meril Group, which is the largest medical devices firm in the country. Warburg sa
LIC says PMJJBY policyholders are not eligible for 'quota benefits'. LIC issued a clarification saying Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are not eligible to avail the benefits offered to policyholders in the proposed IPO
ApplyBoard sees 52% jump in Indian students to the UK. According to the study, like Canada, the UK also witnesses Indian students preferring courses around business and management, while Math and Computer Science courses are next preferred
Mahindra Finance raises Rs 300 cr by issuing bonds on pvt placement basis. Mahindra & Mahindra Financial Services on Tuesday said it has raised Rs 300 crore by issuing bonds on a private placement basis. A meeting of the committee of the board on Tuesday approved the allotment of 3,000 secured redeemable non-convertible debenture
Hyundai Mobis to invest up to .72 billion on auto chips, robotics. Hyundai Mobis, the auto parts making unit of Hyundai Motor Group, plans to spend up to .72 billion in the next three years to bolster auto chips, mobility
IndiaMART invests Rs 91.42 cr, takes stake to 16.53% in Fleetx Technologies. Fleetx.io has raised a total of Rs 145 crore in this round, led by IndiaMART along with participation from existing investors IndiaQuotient and BEENEXT
Meesho helps digitise 400,000 sellers across India as part of 100 mn vision. Nearly 70,000 of these are from Delhi. NCR has highest number of women sellers on the platform
Husk Power Systems bags mn finance for rural microgrids in India. Smart Power India said its partner Husk Power Systems has bagged the largest-ever debt financing of million for rural microgrids in India to construct 140 mini-grids in rural India.
Baaz Bikes raises mn in funding round led by Kalaari Capital. Baaz says it aims to solve the critical problems faced by gig delivery workers, i.e., long range requirements, rising petrol costs, lack of capex to buy bikes and heavy downtime due to maintenance
Apple's foldable iPhone delayed until 2025, focus on foldable MacBooks. Tech giant Apple is likely delaying its foldable iPhone until 2025 as the company has reportedly shifted its focus towards foldable MacBooks
Hero MotoCorp joins hands with BPCL to set up charging infra for 2W EVs. As part of the collaboration, the two entities will first establish a substantial charging infrastructure at the existing nationwide energy station network
India Inc's governance score improves marginally in 2021, shows IiAS study. 20 companies were in the 'Leadership' category, against 11 in 2020 and six in 2019. These included Airtel, Cipla, HDFC Life, Marico and Tata Motors among others
India has third-largest ecosystem for start-ups: Nasscom Official. 'The number of start-ups is growing significantly in the country with ten per cent being added every year'
Enforcement Directorate raids Indiabulls Finance offices in Mumbai, Delhi. In a statement to the exchanges, Indiabulls Housing Finance said ED had sought certain clarifications regarding the FIR
Adani, Ballard Power to explore investment in hydrogen fuel cell. Adani Group and Ballard Power Systems have joined hands to evaluate a joint investment in hydrogen fuel cells manufacturing in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell man
Bharti Airtel, Reliance Jio make big moves in undersea cable system. "Through SEA-ME-WE-6, Airtel will add a significant amount of 100 TBps capacity to its global network," the statement said
Binnopharm to acquire 2 anti-bacterial brands from Dr Reddy's. During the transition period, Dr Reddy's will continue to supply the product to Binnopharm Group to ensure availability in the market
Tata Consultancy Services launches digital innovation centre in Sydney. The TCS Sydney Digital Garage provides access to the company's global ecosystem of academia, start-ups, and technology providers
Tata-Mistry case: SC to hear review plea filed by Cyrus Investments. Mistry had succeeded Ratan Tata as the chairman of TSPL in 2012 but was ousted four years later
SBI Life Insurance to reclassify BNP Paribas Cardif as non-promoter. SBI Life Insurance Company (SBI Life) on Monday said its promoter BNP Paribas Cardif, holding 0.2 per cent share capital, has requested to be reclassified as a public shareholder
BNP Paribas Arbitrage buys L&T Finance Holdings shares worth Rs 413 cr. BNP Paribas Arbitrage on Monday bought shares of L&T Finance Holdings worth nearly Rs 413 crore through an open market transaction. As per block deal data on BSE, over 5.78 crore shares were purchased at an average price of Rs 71.35 apiece. This took the t
YouTube adds TikTok-style live rings to show when someone is streaming. The new update will display a ring with the word 'Live' on it around a channel's profile picture when they are live streaming
PMJJBY policyholders also eligible for LIC IPO 'quota benefits'. Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) subscribers are also eligible to avail the quota benefits reserved for the LIC policyholders
IRCTC users to get cheaper AC class tickets through BoB credit card. The card will also get multiple benefits for shopping across other categories ranging from groceries to fuel
Rajasthan: Cairn Vedanta makes oil discovery in OALP block in Barmer dist. Vedanta group firm Cairn Oil & Gas on Monday announced an oil discovery in a Barmer district block of Rajasthan, not very far away from its prolific oilfield in the same desert. In a stock exchange filing, the firm said it has notified the government and t
Contract drug maker V-Ensure gets Rs 130 cr from Investcorp, Tanas Capital. Founded in 2010, V-Ensure is into specialty pharmaceutical formulations focused on complex generics for regulated markets
Fortis Healthcare matter: Former official settles case with Sebi. Vishal Bali, a former official at Fortis Hospitals, settled with Sebi a case pertaining to allegedly aiding in the diversion of public shareholders' funds for the benefit of the promoters of Fortis
Hero MotoCorp elevates Ranjivjit Singh to new role of Chief Growth Officer. Hero MotoCorp on Monday said it has created a new position, titled Chief Growth Officer, integrating the marketing, sales and after-sales functions and has appointed Ranjivjit Singh to the post with immediate effect. Singh, who has been heading the marketi
Sintex lenders to seek extra time from NCLT to complete resolution process. Lenders of Sintex Industries will approach the National Company Law Tribunal (NCLT) to seek an extension of time for the completion of the Corporate Insolvency Resolution Process (CIRP) and select a bidder for the debt-ridden textiles maker. The Committee
High court quashes Rs 684 cr tax demand notice against co, says CG Power. CG Power and Industrial Solutions on Monday said that the Bombay High Court has quashed an assessment order of Rs 684.08 crore against the company issued by the I-T department.
Profits of insurers, manufacturing firms cannot be compared, says LIC chief. LIC Chairman M R Kumar on Monday said profits of insurance companies cannot be compared with that of manufacturing companies as dynamics of the businesses are different.
Novelis to build million recycling, casting centre in South Korea. Novelis Inc, a subsidiary of Hindalco Industries, will build a USD 50 million (around Rs 373 crore) recycling and casting centre in South Korea to expand low carbon aluminium production.
HFCL joins O-RAN Alliance to speed up open innovation in 5G. HFCL Limited on Monday announced it has joined the O-RAN Alliance, a global community of mobile network operators, vendors, research and academic institutions operating in the RAN industry.
Tata-Mistry case: Supreme Court to hear review plea in open court. The order to hear the review petition was passed by a three-judge Bench of Chief Justice of India NV Ramana, Justice AS Bopanna and Justice V Ramasubramanian
Top headlines: NSE in firefighting mode, super app space heats up. Business Standard brings you the top headlines at this hour
What are Dunzo CEO Kabeer Biswas's plans about funding and growth?. In a chat with Business Standard's Surajeet Das Gupta, quick commerce player Dunzo's CEO Kabeer Biswas tells about strategic partnership with Reliance Retail and long-term expansion plan. Listen in
Lab stocks scramble for new growth in India as Covid gains halve. Surging healthcare spending and demand for Covid tests led to multifold share-price gains for pathology firms globally during the pandemic
Jindal Steel & Power keen on RINL, NMDC's Nagarnar iron and steel plant. The two assets are bigger than the 1.1 mt NINL and would bolster steelmaking capacity for any buyer.
Online travel player Wego to acquire Cleartrip's Mideast biz from Flipkart. The Boards of Directors of Wego and Flipkart have approved the transaction, which is expected to close in the second half of 2022.
Reliance Jio's IAX undersea cable system to land in Maldives. The high capacity and high-speed IAX system will connect Hulhumale, Maldives directly with world's major internet hubs in India and Singapore.
Ex-Twitter India chief Manish Maheshwari's Invact Metaversity raises mn. Antler India invested in Invact Metaversity alongside other global institutional investors like Arkam Ventures from India, Picus Capital, M Venture Partners, BECO Capital and 2am VC
Airtel joins SEA-ME-WE-6 cable consortium; anchoring 20% investment. Bharti Airtel on Monday said it has joined the 'SEA-ME-WE-6' undersea cable consortium in a bid to scale up its high-speed global network capacity to serve India's fast-growing digital economy.
Adidas announces its biggest-ever commitment to Indian women athletes. Ahead of a major year for sport, Adidas has announced its biggest ever commitment to Indian women athletes, in line with its "Impossible is Nothing" tagline.
Tata Power, RWE Renewables GmbH tie up to develop offshore wind projects. A corresponding MoU has been signed between Tata Power Renewable Energy Limited and RWE Renewables GmbH, one of the world's leaders in offshore wind, a Tata Power statement has said
D2C snacks brand Happilo raises mn from Motilal Oswal Private Equity. Aims to scale business to Rs 2,000 crore in revenue over the next 4 years
Mumbai: ED conducts raids at Indiabulls Finance Center. The Enforcement Directorate (ED) conducted raids at the offices of India Bulls Finance Centre in Mumbai and Delhi in connection with a Prevention of Money Laundering case
'LIC is well-capitalised,' says chairman M R Kumar ahead of mega IPO. He reassured prospective investors not to worry about the Centre's control post the listing as the company's decisions are taken by its Board and not by the Centre
SAT dismisses Sebi order against HDFC Bank in BRH Wealth Kreators case. In its order on Friday, SAT said the bank was justified in invoking the pledge made by the broker BRH
Edtech soonicorn BrightCHAMPS to accept fee payments in cryptocurrency. Ties up with payment gateway TripleA; will accept Bitcoin, Tether, and Ethereum in more than 30 countries it operates in, including US, Canada, UAE, Nigeria, Malaysia, Thailand
Businesses need to adapt to new models, unconventional thinking: Munjal. Organisations need to adapt to new models and unconventional thinking going ahead, Hero MotoCorp Chairman and CEO Pawan Munjal said
China sanctions Raytheon Technologies, Lockheed Martin over Taiwan deal. China said it will impose new sanctions on Raytheon Technologies and Lockheed Martin due to their arms sales to Taiwan
LIC wants to remain IDBI Bank shareholder for bancassurance gain: Chairman. Bancassurance is an arrangement between a bank and an insurance company allowing the latter to sell its products to the bank's customers and others through the branch network
'Strong demand outlook for domestic solar OEMs aided by policy measures'. Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augme
Entrepreneurs to take country to higher growth, prosperity: Marico chairman. Entrepreneurs will lead the country to higher growth and prosperity, Marico Chairman Harsh Mariwala opined and suggested businesses to adopt a transformative 'digital approach' for sustainable growth.
DMRC to deposit Rs 600 cr for DAMEPL in escrow account in two days. Justice Suresh Kumar Kait took on record the statement made by DMRC's counsel and reserved the order on the execution petition
Power major NTPC pays interim dividend of Rs 3,879 cr for FY 2021-22. State-run power giant NTPC has paid an interim dividend of Rs 3,878.67 crore for the financial year 2021-22.
NxtGen plans to invest Rs 1,300 crore in data centres across the country. The company, whose investors include Intel, IFC, and Iron Mountain, is in the process of raising 0 million by the first quarter of 2022-23.
Reliance Industries set for face-off with Amazon over IPL telecast rights. Amazon's rivalry in India with oil-to-retail conglomerate Reliance Industries looks set to head to the cricket field, where they will likely battle media heavyweights for telecast rights to IPL
Home ministry to 'scrupulously' check Air India CEO background. The Ministry of Home Affairs (MHA) will "scrupulously" carry out a thorough background check of newly appointed CEO and MD of Air India, Ilker Ayci, a Turkish national, official sources said on Sunday. The Tata Group, which acquired the Air India from the
Puravankara Q3 sales bookings jump 17% to touch Rs 666 crore. Realty firm Puravankara Ltd's sales bookings rose 17 per cent to Rs 666 crore in the third quarter of this fiscal year on the back of higher volumes as well as per square feet price realisation. According to its investors presentation, Puravankara sold 0.9
BSH Home Appliances aims to be Rs 5,000 crore company by 2026. BSH Home Appliances, which manufactures and sells products under Bosch and Siemens brands, aspires to be a Rs 5,000 crore company in India by 2026 by increasing its market addressability with expansion of product line-up, a top company official said. The c
Sterlite Technologies eyes 20% biz growth in key markets in FY23. Digital networks integrator Sterlite Technologies expects about 20 per cent growth in business across key markets of the US, Europe and India in FY2023 amid global scale-up of networks and 5G build outs, its managing director Ankit Agarwal has said. With a
Delhi High Court stays RBI order on Religare unit debt recast. The Delhi High Court (HC) put an order by the central bank against the debt recast of shadow lender Religare Finvest on hold until the next hearing.
Ashok Leyland mulls EV plant; lines up Rs 500 cr for alternative fuel tech. Bullish on the future of green mobility, the Hinduja Group flagship Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according to a top company official. The Chennai-based firm has also lined up a Rs
New policy to cut green hydrogen cost by 40-50%, says Indian Oil. Oil refineries, fertiliser plants and steel units use hydrogen as process fuel to produce finished products.
Tata Technologies to hire additional 1,000 people in FY23 to support growth. Tata Technologies has been growing rapidly on the back of the move to autonomous, connected, electrification and shared (ACES) mobility and accelerated investment in digital
Devas recovery suit: Air India wins nod to appeal against Canadian ruling. Air India has sought dismissal of the demand by Devas' foreign investors saying it is no longer a state-owned firm after its takeover by the Tata group on January 27, 2022
LIC's business plan change after IPO a threat to private firms: Report. According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move
New CSR disclosure framework to enhance transparency: Govt official. In 2019-20 financial year, the CSR expenditure stood at Rs 24,864 crore; As per data available on the portal, the total CSR spending in the last two financial years is more than Rs 45,200 crore
Supply chain firm Increff raises mn in funding for expanding business. Funding round attended by TVS Capital Funds, Premji Invest, and Flipkart co-founder Binny Bansal's 021 Capital
Govt to soon decide on giving additional charge of New India Assurance CMD. Banks Board Bureau, the headhunter for state-owned banks and financial institutions, is the advisory body formed by the government in 2016 for selection of candidates for top-level board appointments
German skincare brand Sebamed cuts prices, to use sachets for Indian market. The brand usually caters to premium consumers in personal care and baby care and it is a recent entrant in India
Hinduja group's UK firm bags health agency contract worth GBP 211 mn. HGS UK will provide customer support to UK citizens for two years, with an option to extend the contract
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