Category: Stocks

Representative Image (Source: ShutterStock) When the Pradhan Mantri MUDRA Yojana (PMMY) was announced in April 2015, there were several cynics. No less than a former Finance Minister questioned the programme on grounds of it being inadequate to lead to any job creation. It was seen as a diversion of savings, which would have otherwise either financed public expenditures […]

The company’s proactive approach of starting CPO business at such an early stage of its existence in the country will ensure that all systems and processes are in place even before the first lot of products comes under the average replacement age, he added. PTI November 29, 2022 / 03:15 PM IST Kia India has […]

Russian President Vladimir Putin. (File image) Moscow has sent India a list of more than 500 products for potential delivery including parts for cars, aircraft and trains, four sources familiar with the matter said, as sanctions squeeze Russia’s ability to keep vital industries running. The list, a version of which has been seen by Reuters […]

Germany, which was a major importer of Russian pipeline gas before the war, hasn’t received any gas from Russia since the end of August. Reuters November 29, 2022 / 03:44 PM IST An active oil drilling rig. – Bloomberg Qatar and Germany signed a 15-year deal Tuesday to ship liquefied natural gas from Doha to […]

Representative image (Source: ShutterStock) Capital markets regulator Sebi has restructured its advisory committees pertaining to foreign portfolio investors (FPIs) and social stock exchange. Rejigging its FPI Advisory Committee, Sebi has said former finance secretary Hasmukh Adhia will now chair the 16-member panel. It was earlier headed by K V Subramanian, former chief economic adviser to […]

The dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.33 per cent to 106.33. PTI November 29, 2022 / 04:02 PM IST The rupee slipped 3 paise to close at 81.71 (provisional) against the US dollar on Tuesday as rising crude oil prices in the international market weighed on […]

Nandan Nilekani India will witness “significant economic activity” over the next decade on the back of open network for digital commerce (ONDC), record aggregating system and government measures like GST, FAStag and e-way bills, Infosys Technologies co-founder and chairman Nandan Nilekani said on Tuesday. He made the remarks while speaking at the 7th edition of […]

Kotak has downgraded Laurus Labs to “sell” with a fair value of Rs 350/share, dragging the stock to intraday low of Rs 417 The brokerage believes that Laurus’ troubles on anti-retrovirals (ARVs) and looming cessation of paxlovid sales are being underappreciated ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else […]

Aditya Birla Fashion and Retail (Representative Image) Aditya Birla Group’s house of brands venture TMRW aims to become a $ 1 billion business, and will be investing Rs 500-600 crore altogether in 10-12 direct-to-consumer (D2C) brands by end of this year, a key executive told Moneycontrol. This comes at a time when the Indian start-up ecosystem […]

Bitcoin and Ethereum drop due to unrest in China, concerns about crypto contagion Along with global stocks, the price of Bitcoin, Ethereum, and other digital assets fell on November 28 as investors dumped risky assets reportedly alarmed by unrest in China related to the anti-lockdown protests. According to CoinGecko, the largest digital asset was trading […]

The launch is part of Hero MotoCorp’s plans to strengthen its position in the premium segment. PTI November 28, 2022 / 11:14 AM IST Hero MotoCorp ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

C4D Partners had its first close of USD 30.3 million in 2018 for its Asia Fund. PTI November 28, 2022 / 12:33 PM IST Netherland-based C4D Partners on Monday said it has received market regulator Sebi’s approval to launch its USD 50 million (about Rs 408 crore) fund for investments in Indian startups. C4D Partners […]

The transaction is expected to be concluded in the next fortnight, Max Financial Services Ltd (MFSL) said in a regulatory filing. PTI November 28, 2022 / 12:41 PM IST Max Financial Services: Max Financial Services Q2 consolidated profit rises 29% YoY to Rs 61.61 crore supported by operating performance, other income. The company recorded a […]

The company’s US-based unit has received tentative approval from the US Food and Drug Administration (USFDA) to market the medication, the drug firm said in a regulatory filing. PTI November 28, 2022 / 01:05 PM IST Zydus Lifesciences on Monday said it has received approval from the US health regulator to market Levothyroxine Sodium injection, […]

The company’s decision to invest will empower Upakarma Ayurveda to develop a wider range of products and offerings, the drug firm said in a statement. PTI November 28, 2022 / 01:08 PM IST Pharma Mankind Pharma on Monday said it has acquired a majority stake in Upakarma Ayurveda, engaged in developing, manufacturing and selling ayurvedic […]

Amazon (Image: AP) Amazon.com Inc. will wind down parts of its Indian operations, showing that even the crucial growth market with 1.4 billion consumers isn’t immune to Chief Executive Officer Andy Jassy’s cost-reduction campaign. The company said it is exiting meal deliveries as well as a service providing bulk doorstep deliveries of packaged consumer goods […]