Monday , 18 October 2021
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BUSINESS

Edelweiss Financial Services offloads 61% stake in EGIBL

Edelweiss Financial Services has transferred 61% of the stake held by the Company in Edelweiss Gallagher Insurance Brokers (EGIBL) to Arthur J. Gallagher & Co. (AJG) on October 18, 2021. Consequently, AJG now owns 91% of EGIBL, as a result of which EGIBL has ceased to be the subsidiary of the Company. Edelweiss Financial Services is primarily engaged in the ... Read More »

L&T gains on launching L&T EduTech

Larsen & Toubro is currently trading at Rs. 1796.00, up by 6.90 points or 0.39% from its previous closing of Rs. 1789.10 on the BSE. The scrip opened at Rs. 1801.60 and has touched a high and low of Rs. 1810.45 and Rs. 1787.05 respectively. So far 59291 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

Kotak Mahindra Bank gains on partnering with India SME Forum

Kotak Mahindra Bank is currently trading at Rs. 2023.50, up by 7.40 points or 0.37% from its previous closing of Rs. 2016.10 on the BSE. The scrip opened at Rs. 2016.10 and has touched a high and low of Rs. 2046.45 and Rs. 2016.10 respectively. So far 15179 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

HDFC Bank reports 18% rise in Q2 consolidated net profit

HDFC Bank has reported results for second quarter ended September 30, 2021. The bank has reported 17.59% rise in its net profit at Rs 8834.31 crore for the quarter under review as compared to net profit of Rs 7513.11 crore for the same quarter in the previous year. Total income of the bank increased by 7.44% at Rs 38754.16 crore ... Read More »

Bombay Burmah Trading Corporation planning to raise Rs 50 crore through NCDs

Bombay Burmah Trading Corporation is planning to raise Rs 50 crore through Principal Protected – Senior, Secured, Listed, Rated, Market Linked Redeemable Non-Convertible Debentures (NCDs) for cash, at par, to be issued on private placement basis. The Meeting of the Debenture Issue Committee of the Board of Directors of the Corporation will be held on October 21, 2021, to consider ... Read More »

Bajaj Finserv offers customers personal loan for medical emergencies

Bajaj Finserv, through its lending arm Bajaj Finance, is offering customers a personal loan for an emergency to meet planned or unplanned medical expenses. The Bajaj Finserv Personal Loan doubles up as an emergency loan courtesy of best-in-class features such as instant approval, expedited loan processing, and online disbursal in 24 hours. Medical emergencies are rarely expected and usually occur ... Read More »

Tata Consultancy Services wins 2021 ASSOCHAM IP Excellence Award

Tata Consultancy Services (TCS) has won the 2021 ASSOCHAM IP Excellence Award in the category IP In-House Team of the Year. The ASSOCHAM IP Excellence Awards recognize and honor enterprises, institutions, and individuals for their pioneering efforts in facilitating innovations and creating a healthy intellectual property (IP) ecosystem in the country. TCS is an IT services, consulting and business solutions ... Read More »

Ramkrishna Forgings moves up on entering into agreement with PwC

Ramkrishna Forgings is currently trading at Rs. 1173.50, up by 10.10 points or 0.87% from its previous closing of Rs. 1163.40 on the BSE. Ramkrishna Forgings The scrip opened at Rs. 1193.00 and has touched a high and low of Rs. 1193.00 and Rs. 1166.45 respectively. So far 4004 shares were traded on the counter. The BSE group ‘A’ stock ... Read More »

MM Forgings soars on getting nod to acquire Cafoma Autoparts

MM Forgings is currently trading at Rs. 919.85, up by 35.75 points or 4.04% from its previous closing of Rs. 884.10 on the BSE. The scrip opened at Rs. 916.55 and has touched a high and low of Rs. 924.00 and Rs. 914.90 respectively. So far 16 shares were traded on the counter. The BSE group ‘B’ stock of face ... Read More »

Ircon International rises on bagging contract worth Rs 11.74 crore

Ircon International is currently trading at Rs. 47.15, up by 0.60 points or 1.29% from its previous closing of Rs. 46.55 on the BSE. The scrip opened at Rs. 47.10 and has touched a high and low of Rs. 47.40 and Rs. 46.90 respectively. So far 47663 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Vakrangee ties up with Servify

Vakrangee has tied up with Servify (Service Lee Technologies) to provide after-sales device care solutions to the unserved and underserved population of India through a strategic partnership. The company will act as an extended arm to facilitate extended care and product protection solutions it offers on devices that touch daily lives. Customers will get a quick and hassle-free service experience ... Read More »

Panache Digilife selected under MSME category of PLI Scheme

Panache Digilife has been selected under the MSME category of the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products by Ministry of Communications. This is second PLI for the company after IT Hardware PLI under which the company is poised to manufacture IT products like Servers, Laptops, Tablets & AIO PC. The telecom PLI brings game-changing opportunities for ... Read More »

Bank of India slashes interest rates on home, vehicle loans

Bank of India has slashed its interest rates on home and vehicle loans by 35 basis point and 50 basis points, respectively. With this cut, the interest rate on home loans starts at 6.50 percent against earlier 6.85 percent, and at 6.85 percent against 7.35 percent prior on vehicle loans. These new rates are effective from October 18, 2021 to ... Read More »

More than 4 crore unorganized workers registered at e-Shram Portal, India’s first National Database on Unorganized Workers

In less than two months, more than 4 crores (40 million plus) workers have registered at the e-Shram portal. Sharing this information in a tweet message, Minister for Labour and Employment, Bhupender Yadav said that by registering, the unorganized workers will be able to get the benefits of government schemes easily. Workers in diverse occupations such as construction, apparel manufacturing, ... Read More »

Dixon Technologies starts manufacturing of 5G millimetre waves smartphones

Dixon Technologies (India) has started manufacturing of 5G millimetre waves smartphones which will be the first set of devices in the segment to be exported from India. In this regard, the company has set up a manufacturing unit with an annual capacity of 7 million 5G millimetre (mm) phones and is setting up another factory with annual capacity of 30 ... Read More »

NTPC ties up additional coal from Talabira Coal mines of NLC in Odisha

In its effort to strengthen fuel security, NTPC has commenced coal offtake from Talabira Mines of NLC in Odisha. As per the agreement, NTPC shall offtake of coal from Talabira mines to Lara and Darlipalli. Besides this, NTPC is also ramping up coal production from its captive mines. NTPC is the largest power utility company in India and has presence ... Read More »

Trident Group commissions solar power plant in Madhya Pradesh

Trident Group has commissioned 7.6 MW Solar Power Plant at Budhni, Madhya Pradesh for captive use. Moving towards a greener planet, the Group aims to use renewable and clean energy for reducing carbon emission. This Solar Power Project of 7.6 MW Solar Power is expected to produce 33500 units per day to be consumed in manufacturing facilities located at Budhni, ... Read More »

Metropolis Healthcare’s board approves acquisition of Hitech Diagnostic Centre and its subsidiary

Metropolis Healthcare’s board has approved the acquisition of Hitech Diagnostic Centre and its subsidiary Centralab Healthcare Services for a cash consideration of Rs 636 crore. The company’s board had earlier approved the acquisition partly by cash consideration of Rs 511 crore and equity consideration of up to 4,95,000 fully paid-up equity shares of Rs 2 each. Metropolis Healthcare offers a ... Read More »

Klopp asks league to explain why Newcastle buyout approved

Liverpool : Liverpool manager Jürgen Klopp called on the Premier League on Friday to explain the reasons for approving the buyout of Newcastle by Saudi Arabia”s sovereign wealth fund amid human rights concerns in the kingdom. Speaking at length about the potential effects of the Saudi ownership, Klopp said Newcastle was now “owned by a country” and would have a ... Read More »

Apollo Tyres surges on launching EnduRace RAT

Apollo Tyres is currently trading at Rs. 242.35, up by 3.40 points or 1.42% from its previous closing of Rs. 238.95 on the BSE. The scrip opened at Rs. 239.95 and has touched a high and low of Rs. 242.50 and Rs. 237.65 respectively. So far 75829 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

EaseMyTrip trades in green on the bourses

Easy Trip Planners is currently trading at Rs. 570.00, up by 2.45 points or 0.43% from its previous closing of Rs. 567.55 on the BSE. The scrip opened at Rs. 556.00 and has touched a high and low of Rs. 584.90 and Rs. 556.00 respectively. So far 2990 shares were traded on the counter. The BSE group ‘B’ stock of ... Read More »

Wipro zooms on reports 19% rise in Q2 consolidated net profit

Wipro is currently trading at Rs. 727.00, up by 54.45 points or 8.10% from its previous closing of Rs. 672.55 on the BSE. The scrip opened at Rs. 698.00 and has touched a high and low of Rs. 730.00 and Rs. 695.00 respectively. So far 962555 shares were traded on the counter. The BSE group ‘A’ stock of face value ... Read More »

NLC India moves up on making efforts to ramp coal output

NLC India is currently trading at Rs. 77.00, up by 5.90 points or 8.30% from its previous closing of Rs. 71.10 on the BSE. The scrip opened at Rs. 72.00 and has touched a high and low of Rs. 78.70 and Rs. 70.30 respectively. So far 4135231 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Asian Energy Services gains on signing MoU with RosGeo

Asian Energy Services is currently trading at Rs. 163.00, up by 1.15 points or 0.71% from its previous closing of Rs. 161.85 on the BSE. The scrip opened at Rs. 163.00 and has touched a high and low of Rs. 163.80 and Rs. 160.10 respectively. So far 116793 shares were traded on the counter. The BSE group ‘X’ stock of ... Read More »

Reliance Industries trades higher on the bourses

Reliance Industries is currently trading at Rs. 2700.95, up by 5.05 points or 0.19% from its previous closing of Rs. 2695.90 on the BSE. The scrip opened at Rs. 2705.00 and has touched a high and low of Rs. 2717.70 and Rs. 2687.15 respectively. So far 140747 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

HDFC Bank net profit up 17.6 percent

Udaipur : The Board of Directors of HDFC Bank Limited approved the Bank’s (Indian GAAP) results for the quarter and half year ended September 30, 2021, at its meeting held in Mumbai on Saturday, October 16, 2021. The accounts have been subjected to an audit by the statutory auditors of the Bank. The Bank’s net revenues (net interest income plus other income) increased by 14.7% to ₹ 25,085.2 crore ... Read More »

Hindustan Zinc wins prestigious S&P Global Platts Global Metal Award

Hindustan Zinc receives the Industry Leadership Award – Base, Precious and Speciality Metals The company was announced winner amonga pool of 113 finalists from 21 different countries Udaipur : Hindustan Zinc, one of the world’s largest producer of integrated Zinc, Lead and Silver, won the ‘Industry Leadership Award – Base, Precious and Speciality Metals’ at the prestigious S&P Global Metal ... Read More »

Hindustan Zinc Raises Awareness on Basic Steps to Prevent Communicable Diseases on Dussehra and Global Handwashing Day

Launches a holistic campaign to encourage washing hands as a weapon against evil diseases Company reached out to rural and tribal communities across its locations through mobile health vans to give a demonstration on handwashing Udaipur : The figure of Ravana, engulfed in fire, represents the triumph of good over evil. While there is joy in the victory of virtuousness ... Read More »

Inspired by Indian culture and handicrafts, Asian Paints introduces Taana Baana Wall Textures by Royale Play

Udaipur : Heralding the festive season this year is a unique collection of exquisite wall textures – Taana Baana by Asian Paints Royale Play. Inspired by the heritage of Indian crafts and weaves, Taana Baana is a work of art that will invoke a myriad of emotions and memories. From the charpais at our ancestral home to the ubiquitous wicker baskets we keep our fruits ... Read More »

Hero MotoCorp rises on partnering with Gilera Motors Argentina

Hero MotoCorp is currently trading at Rs. 2927.15, up by 11.60 points or 0.40% from its previous closing of Rs. 2915.55 on the BSE. The scrip opened at Rs. 2930.00 and has touched a high and low of Rs. 2945.00 and Rs. 2909.00 respectively. So far 27110 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Karan Woo Sin moves up on getting nod for real estate project

Karan Woo Sin is currently trading at Rs. 2.92, up by 0.13 points or 4.66% from its previous closing of Rs. 2.79 on the BSE. The scrip opened at Rs. 2.92 and has touched a high and low of Rs. 2.92 and Rs. 2.92 respectively. So far 3107 shares were traded on the counter. The BSE group ‘X’ stock of ... Read More »