Sunday , 5 December 2021
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KreditBee partners with Mswipe to offer ‘Cardless EMI’

Bengaluru : Bengaluru-based fintech lending platform KreditBee, today announced its partnership with Mswipe to offer a fully digital mode of payment – ‘Cardless EMI’ at leading retail stores. With this partnership, KreditBee is expanding its reach in offline space and making it easy and convenient for customers to shop by converting transactions into digital EMIs. The company aims to enable ... Read More »

Edelweiss Financial Services gets nod to raise up to Rs 1,000 crore through NCDs

Edelweiss Financial Services has received approval from board of directors for raising up to Rs 1,000 crore through non-convertible debentures (NCDs), half of which will be mopped up in the first tranche. A meeting of the debenture fund raising committee of the company’s board of directors held on November 29, 2021 considered and approved the public issue of secured, redeemable ... Read More »

Coal India to spend Rs 19,650 crore to strengthen rail infra

Coal India is planning to spend an estimated Rs 19,650 crore to strengthen its rail infrastructure. This move will increase the coal evacuation capacity of the PSU through rail mode by an additional 330 million tonnes per annum (MTPA) by FY2023-24 when the production is expected to scale up significantly. The company is constructing three important railway lines from its ... Read More »

Wipro recognized as ‘Gold’ employer by IWEI 2021

Wipro has been recognized as ‘Gold’ employer by the India Workplace Equality Index (IWEI) 2021. This is the second time that Wipro has been included in the IWEI for having successfully embedding LGBTQ+ inclusion in its policies, hiring practices and external communication. LGBTQ+ inclusion is a key focus area under Wipro’s Inclusion & Diversity charter. In the past year, Wipro ... Read More »

Mastek surges as its arm gets healthcare contract from NHS

Mastek is currently trading at Rs. 2707.15, up by 192.25 points or 7.64% from its previous closing of Rs. 2514.90 on the BSE. The scrip opened at Rs. 2610.00 and has touched a high and low of Rs. 2709.40 and Rs. 2593.30 respectively. So far 2091 shares were traded on the counter. The BSE group ‘A’ stock of face value ... Read More »

Cashfree Payments expands its MENA presence through investment in UAE-based Payment Gateway, Telr

Bengaluru/Dubai : Leading payments and API banking solutions company, Cashfree Payments (Cashfree) announced an equity investment of $15 million in Telr, a leading Payment Service Provider (PSP) in UAE and Saudi Arabia. With this investment, Cashfree becomes one of the largest shareholders in the company. Cashfree has already established itself as one of the leaders in the payment solutions space in India, with successful ... Read More »

Punjab National Bank rises on planning to buy over 9% stake in ONDC

Punjab National Bank is currently trading at Rs. 38.15, up by 0.55 points or 1.46% from its previous closing of Rs. 37.60 on the BSE. The scrip opened at Rs. 37.95 and has touched a high and low of Rs. 38.50 and Rs. 37.80 respectively. So far 1797633 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

HAL to manufacture four LUHs under limited series production by 2022-23

Hindustan Aeronautics (HAL) is planning to manufacture four light utility helicopters (LUHs) under limited series production by 2022-23. Out of the initial quota of four choppers, two each will go to the Indian Army and the Indian Air Force. In second batch eight LUHs will be built by 2023-24 out of which two forces will get four LUHs each. The ... Read More »

Infosys collaborates with Lefdal Mine Datacenter to accelerate Daimler’s Transition to sustainable mobility

Infosys is planning to transfer Daimler’s High Performance Computing (HPC) workloads used to design vehicles and automated driving technologies to one of Europe’s greenest data centers, Lefdal Mine Datacenter in Norway. The shift to Green Data Center as a Service is an important milestone in supporting Daimler deliver on its sustainability mission ‘Ambition 2039’ to become CO2 neutral by 2039. ... Read More »

IRCTC catches speed on the bourses

Indian Railway Catering and Tourism Corporation (IRCTC) is currently trading at Rs. 798.05, up by 22.50 points or 2.90% from its previous closing of Rs. 775.55 on the BSE. The scrip opened at Rs. 785.00 and has touched a high and low of Rs. 819.80 and Rs. 785.00 respectively. So far 434782 shares were traded on the counter. The BSE ... Read More »

redBus launches ‘redRail’ in collaboration with IRCTC

Online bus ticketing platform redBus has made entry into the rail ticketing space, by launching ‘redRail’ in collaboration with Indian Railway Catering and Tourism Corporation (IRCTC). In the said partnership IRCTC will act as an authorized partner. IRCTC is the only entity authorised by the Indian railways to provide catering services to railways, online railway tickets and packaged drinking water ... Read More »

Escorts’ Agri Machinery Segment to increase prices of tractors

Escorts’ Agri Machinery Segment (EAM) is all set to increases the prices of its tractors with effective from November 21, 2021. There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the continuing inflation. The increase in prices would vary across models and variants. Escorts is one of India’s leading engineering conglomerates ... Read More »

Crude oil futures end marginally higher on Monday

Crude oil futures ended marginally higher on Monday after plunging earlier in the session amid expectations of higher supplies and weakening demand. The dollar’s climb to a 16-month high also weighed on oil prices early on in the session. Meanwhile, US President Joe Biden has called on the OPEC+ alliance to turn on the taps and bring down crude prices. ... Read More »

ICICI Pru MF declares dividend under Smallcap Fund

ICICI Prudential Mutual Fund (MF) has declared Income Distribution cum capital withdrawal option (IDCW option) under ICICI Prudential Smallcap. The record date for the same is November 17, 2021.The quantum of dividend on the face value of Rs 10 per unit will be Rs 2.50 each under IDCW and Direct Plan-IDCW. Read More »

RattanIndia Enterprises incorporates wholly owned subsidiary

RattanIndia Enterprises has incorporated wholly owned subsidiary by the name ‘Neotec Insurance Brokers’ and registered with the Registrar of Companies NCT of Delhi and Haryana on November 15, 2021. Neotec Insurance Brokers has been incorporated with the object of engaging as Direct Insurance Brokers in General and Life Insurance, as defined under The Insurance Regulatory and Development Authority of India ... Read More »

BCPL Railway Infrastructure bags order for Railway Electrification

BCPL Railway Infrastructure has bagged an order from Central Organisation for Railway Electrification, Prayagraj, Uttar Pradesh, India. This order has been received for the work of Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification Works including OHE Electrical Work in Hospet (Excl.) – Swamihalli (Incl.) Section, Gr.300 of Hubballi Division of South Western ... Read More »

Ruchi Soya Industries reports 30% rise in Q2 net profit

Ruchi Soya Industries has reported results for second quarter ended September 30, 2021. The company has reported a rise of 29.61% in its net profit at Rs 164.27 crore for the quarter under review as compared to Rs 126.74 crore for the same quarter in the previous year. Total income of the company increased by 50.62% at Rs 6010.99 crore ... Read More »

Ashok Leyland zooms on getting nod to transfer EV business to SMAL

Ashok Leyland is currently trading at Rs. 152.20, up by 6.60 points or 4.53% from its previous closing of Rs. 145.60 on the BSE. The scrip opened at Rs. 146.00 and has touched a high and low of Rs. 152.85 and Rs. 143.25 respectively. So far 1191239 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Upgraded Health and Personalization Features Come to Galaxy Watch, Galaxy Watch Active, Galaxy Watch Active2 and Galaxy Watch3

\Samsung believes in putting the very best mobile experiences into the hands of as many people as possible, which includes our commitment to providing continuous software support for previous Galaxy Watch models. That’s why today, we announced that One UI is available to offer Galaxy users an elevated mobile experience. And now, starting from November 15th, a new software update1 ... Read More »

One UI 4 Update Delivers an Elevated Mobile Experience Centered Around You

Samsung Electronics today announced the official launch of One UI 4, which will roll out first on the Galaxy S21 series including Galaxy S21, Galaxy S21+ and Galaxy S21 Ultra starting today. With new customization options, privacy features and access to Samsung’s ever-expanding ecosystem, One UI 4 delivers an elevated mobile experience that puts you in control.   “We are committed ... Read More »

HDFC Bank launches2nd edition of “MoohBandRakho” campaign to raise awarenesson fraud prevention

Udaipur : After the tremendous success of its Mooh Band Rakho campaign in 2020, HDFC Bank Ltd., today announced the launch of the second editionin support of International Fraud Awareness Week 2021. Through this initiative the bank aims to increase awareness on all types of frauds and the importance of keeping your mouth shut to ensuretheir prevention. The Bank will be conducting over ... Read More »

Aster Hospitals in India commit to providing free surgeries to 100 underprivileged children through ‘Second Life’ Initiative

Bangalore : On occasion of Children’s Day, Aster Hospitals in India, as a part of Aster Volunteers Global CSR initiative has launched the ‘Second Life- Because Little Lives Matter’ initiative. The yearlong initiative is aimed at supporting the medical treatment of disadvantaged children, where the initial aim is to help treat at least 100 children below the age of 12 years ... Read More »