Aurum Proptech to invest Rs25cr for 49% stake in Integrow Asset Management; Stock gains over 1.5%

In July, 2021, Aurum PropTech had approved the acquisition of 51% stake in Pune-based software technology firm.

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Gensol Engineering bags order to develop 4000 KWp grid connected roof-top solar power generation system

The order received for different factory locations at Maharashtra for the fixed lump-sum Contract Price of Rs12.10cr.

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Gail India logs a whopping 87% yoy growth in Q2 PAT to Rs2,863cr as performance improves across segments

On a quarterly basis, Turnover increased by 24% to Rs21,477cr in Q2 FY22 as against Rs17,352cr in Q1 FY22.

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SGX Nifty indicates positive opening for Indian markets

Asian markets opened in the green led by the Japanese 'Nikkei' which traded higher by over 600 points in early trade as auto, metal & financials lead the gainers.

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BSE StAR MF processes 1.60cr transactions with an all-time high turnover of Rs42,927cr in Oct

Overall, the platform achieved 100% of the transaction within 7 months which is 9.40 Cr. during FY 21-22(Apr-Oct) as compared to 9.38 Cr. transactions during FY 20-21.

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Petrol, diesel prices hiked for sixth consecutive day

In the national capital, with a hike of 35 paise a litre, the price of petrol rose to Rs 109.69 per litre while the price of diesel was increased by the same amount to cost Rs 98.42. In Mumbai, the prices of petrol and diesel increased to Rs 115.50 and Rs 106.62 per litre respectively.

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Coca-Cola to buy out sports drink brand BodyArmor: report

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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Top stocks in focus: Dr Reddy's, IOC, SAIL, Vedanta, Shree Cement

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

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Hester Biosciences net profit rises 58.98% to Rs10.62cr in Q2

The company is constantly investing in geographical market expansion and in manpower to achieve the budgeted top-line.

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SJS Enterprises raises Rs240cr from 18 anchor investors; IPO opens today

The issue with a price band of Rs531-542 a share opens for subscription on Monday, November 01 and closes on Wednesday, November 03.

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Visaka Industries Q2 Revenue up by 29.21%; Net Profit up by 7%

The company is setting up its second manufacturing unit in Rae Bareli. With a capacity of 100000 Tonnes, this unit will take Visakas total capacity to 902000 tonnes annually.

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Taxman widens 'Pandora Papers' probe against Indians

Beyond disclosing their ownership in existing foreign assets, people named in the Pandora expose are being told to spell out details of bank accounts which no longer exist and were closed long ago, firms that were dissolved, directorships in overseas firms and tax residency status over the past 16 years.

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Banks with 95% cards implement RBI order on recurring payments

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Value of FPI stake in Indian cos at record Rs 55 lakh crore

The total value of investments by foreign portfolio investors (FPIs) in India crossed the Rs 50-lakh-crore mark as of September this year, although their combined holding in companies listed on the NSE, at 21.5%, was at a five-quarter low at September-end.

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White-collar job openings rise to 20-month high

In a boost to hiring sentiment, October 2021 has emerged as the strongest month with active white-collar job openings crossing the 3-lakh mark for the first time in over 20 months, according to staffing specialist staffing firm Xpheno’s report.

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Airlines fly 3.38 lakh: Highest per day volume since March 2020

With Dussehra and then Diwali falling in the same month this year, domestic airlines saw a sharp upswing in passenger traffic for the second time in October. Domestic airlines had carried a record 3.27 lakh passengers on the Sunday after Dussehra and now on the weekend before Diwali, a new record has been set, what with 3.38 lakh passengers boarding over 2,500 domestic flights on Saturday, the highest per day volume of passengers and flights flown since March 23 last year.

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Record FASTag collection points to recovery road

The toll collection through FASTags touched an all time high in a day at Rs 122.3 crore on Saturday, an indication of more economic activities and transport related activities particularly during the festive season. An overall trend also shows that the total revenue increased on all days during last week compared to the previous one.

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Govt in talks to woo top makers of semiconductors

India will roll out a mega multi-billion-dollar capital support and production-linked incentive plan to push manufacturing of semiconductors in the country, the move coming at a time when industries across sectors face massive production cuts due to global chip shortage, top sources have said.

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In a first, personal loans beat credit to industry

The share of personal loans in bank credit has for the first time overtaken overall loans to the industry sector during the second quarter of the current financial year. This has happened with loans to industry as of end-September 2021 shrinking by Rs 66,239 crore over March 2021 levels, while loans to individuals grew Rs 73,011 crore during the period.

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High valuations not a deterrent for India deals: Partners' CEO

"Private market investors have to pay aggressive multiples to access India's growth potential. Yes, it's a high price, but per unit of growth, it can be reasonable, and we are willing to pay a full and fair price for the investments that fit our themes and meet our criteria," David Layton, chief executive and head of private equity, told ET in an exclusive interaction.

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Air India's Rs 5k crore unpaid fuel bills weigh on oil companies

Air India’s unpaid fuel bills of about Rs 5,000 crore is weighing on fuel retailers who need extra cash for buying more dollars to pay for costlier crude at a time when demand is picking up. Industry executives said they were yet to hear from the government on the timeline for payment, though the Centre has said it would take over the carrier’s total dues of nearly Rs 16,000 crore and non-core assets through a holding company before the Tatas take over.

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Finance ministry issues uniform norms for accountability to protect bonafide decision of bankers

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FPIs turn net sellers in October; pull out Rs 12,278 crore

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PLI scheme for specialty steel likely to attract Russian investors

Steel manufacturing firms from Russia are expected to make investments in India under the production-linked investment (PLI) scheme for specialty steel, according to an official. Mukesh Kumar, the Director of Steel Research & Technology Mission of India (SRTMI), said there are some Russian companies interested in setting up businesses in India.

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Five IPOs to hit mkt in first half of Nov; seek to raise over Rs 27k crore

After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The IPOs of FSN E-Commerce Ventures Ltd, which runs Nykaa, and Fino Payments Bank are currently open for public subscription.

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At Rome summit, Joe Biden seeks fixes for supply chain kinks

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Excise collection 79% more than pre-Covid levels

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Govt concerned about inflation, will control it in time: Pradhan

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Crop insurance claims at Rs 9,570 cr for 2020-21 lower by over 60 pc from previous year

PMFBY was launched in 2016-17 with many improvements over the erstwhile crop insurance schemes. The operational guidelines of the scheme were revised with effect from Rabi 2018 and kharif 2020, respectively, to ensure the benefits reached farmers adequate and timely.

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Excise collection 79% more than pre-Covid levels: Delhi Govt

The incremental collection of Rs 42,931 crore in the first six months of the fiscal year 2021-22 (April 2021 to March 2022) is four times the Rs 10,000 crore liability that the government has in the full year towards repayment of oil bonds that were issued by the previous Congress-led UPA government to subsidise fuel.

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Saudi Aramco sees third-quarter income rise to $30.4 billion

Saudi Arabia's majority state-owned oil giant Aramco said its net income rose by 158% from $11.8 billion during the same three-month period a year earlier.

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CAI estimates cotton production at 360.13 lakh bales for 2021-22 crop year

The total estimated cotton supply till end of the 2021-22 season, that is up to September 30, 2022, was at 445.13 lakh bales, which consists of the opening stock of 75 lakh bales at the beginning of the season, crop for the season estimated at 360.13 lakh bales and imports for estimated at the same level as in the last year at 10 lakh bales.

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PM Narendra Modi pitches India as partner for G20 economic revival

The PM, according to the foreign secretary, stressed the need for resilient global supply chains, "one health, one earth" and collaboration for research and development in the health sector. The PM also referred to the global corporate tax--an idea he had presented at the 2014 G20 summit.

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PAEG flags acute shortage of funds under MGNREGA, govt says committed to its proper implementation

In the Union Budget presented earlier this year, the government allocated Rs 73,000 crore to the scheme for financial year 2021-22. It was 34 per cent less than the 2020-21 revised estimate of Rs 1.11 lakh crore.

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Govt invites applications for post of Sebi chairman

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Power ministry proposes amendments in EC Act

"Amidst the growing energy needs and changing global climate landscape, the government of India has identified new areas to achieve higher levels of penetration of renewable energy by proposing certain amendments to the Energy Conservation Act, 2001," a power ministry statement said.

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United States Trade Representative Katherine Tai to visit India on November 22

Tai will begin her Asia trip from Tokyo on November 15 and reach New Delhi on November 22 from South Korea, the USTR said on Friday.

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Jio-Google's new smartphone fails to impress experts

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Govt's vaccine spends set to scale 50,000cr

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Adani buys 20% stake in Cleartrip

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Godrej Group headed for family split

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Eight core sectors' output grows at 7-month low of 4.4%

"With the base effect wearing off and copious rainfall dampening mining and construction activities, as well as demand for electricity, the slide in core sector growth was in line with expectations," said Aditi Nayar, achief economist at ICRA.

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Fiscal deficit hits 4-year low of Rs 5.26 lakh crore or 35% of budget estimates

The government managed to collect over 60% of the budgeted revenue receipts in the first six months of the fiscal ending September, data released Friday showed, the highest ever H1 collection. The comfortable government finances are expected to keep bond yields soft and allow the government spending freedom to support the economic recovery.

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EKI Energy Services hits 5% upper circuit on robust business performance in Q2FY22

EKI Energy is exploring attractive business opportunities arising from the proposed Carbon Offsetting and Reduction Scheme for International Aviation.

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Sensex plunges over 700 points in early trade; Nifty sinks below 17,700

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Govt hikes variable dearness allowance for central sphere workers

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DJ Mediaprint & Logistics secures order from Hindustan Unilever; Stock trades higher

DJ Mediaprint & Logistics provides logistics services.

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CarTrade Tech delivers 46% yoy growth in Q2 earnings; Stock tumbles over 5%

Company witnessed its highest ever average monthly unique visitors at 34 million this quarter; out of which over 87% was organic.

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Coal supply to power plants keeps increasing consistently: Coal Ministry

Closing Coal Stock with Power Plants stood at 9.03 Million Ton as on 26th October, 2021

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D-St to raise record 31k cr from deluge of IPOs in 2 wks

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Evergrande makes coupon payment before Friday deadline

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SGX Nifty indicates flat to positive opening for Indian markets

Asian markets opened mixed with the Japanese 'Nikkei' trading lower by 200 points as markets head into the weekend with metals seeing profit booking.

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Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

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Gold demand surges 47% in July-Sept

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Sensex crashes 1k points, below 60k

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Now, market research analysts eligible for H-1B visas

In a major victory for H-1B employers, a federal court has approved a settlement under which the US Citizenship and Immigration Services has agreed to qualify market research analyst as a speciality occupation for the purposes of determining H-1B visa application of a foreign professional.

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Govt to take 50% of convenience fee from IRCTC

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Jana Small Fin Bank ropes in ex-Irdai chief

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Day 1: Nykaa IPO fully subscribed

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Finance ministry approves 8.5% return on PF deposits for FY21

The move is expected to leave EPFO with a surplus of Rs 300 crore compared to the preceding financial year when it had a surplus of Rs 1000 crore.

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Top stocks in focus: KEC International, Adani Total Gas, AU Small Finance Bank, Infosys, Wipro

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

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If attrition comes down, we will grow even more: Cognizant India MD

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Let rupee gain to contain imported inflation, boost exports: Report

The RBI should let the rupee rally against the dollar to contain imported inflation coming in mainly from crude prices and help push exports, as the current account risks from rising oil price can be contained at 1.4 per cent of GDP, according to a report.

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IMF advises RBI to go slow on reserves accumulation

Lauding India's policy efforts to push reserves and strengthen its external position, the multilateral agency has advised the central bank against excessive forex market intervention." Further accumulation of reserves is less warranted, and foreign exchange intervention should be limited to addressing disorderly market conditions" IMF said in its recently released country report for India.

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Govt gets Rs 413 crore as dividend from 5 CPSEs

As per the Department of Investment and Public Asset Management (DIPAM) website, so far in the current financial year (April-March) the government has received Rs 15,651 crore as dividend from central public sector enterprises (CPSEs).

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Ugro Capital allots Commercial Paper amounting to Rs25cr; Stock up ~2%

The company has allotted 500 units of CPs of face value Rs5 lakh each.

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Vedanta-led Monte Cello BV to divest Mt Lyell Copper Mine in Australia

The transaction is subject to full-form documentation, which are expected to be signed by the end of October 2021.

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Sensex tumbles over 300 points, Nifty slips below 18,200

The 30-share index was trading 306.32 points or 0.50 per cent lower at 60,837.01 in initial deals. Similarly, the Nifty fell 89.50 points or 0.49 per cent to 18,121.45. ICICI Bank was the top loser in the Sensex pack, shedding around 2 per cent, followed by Tata Steel, ITC, SBI, HDFC and Titan.

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Paytm Insuretech brings in Swiss Re as a strategic investor for its General Insurance business

Through an investment in PIT, Swiss Re and Paytm will work towards closing the insurance protection gap in the market.

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Bharat Electronics pays final dividend payment of Rs149.52cr to Govt for FY21

The total dividend paid to the Government stands at Rs498.38cr.

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FADA hails for Auto Dealers Protection Act

Ultimately, this casts an unfair burden on the Dealers who have to step in to ensure that their relationships with consumers are not ruined, while also facing the endless barrage of consumer complaints due to the OEMs unilateral actions.

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BSE signs MoU with Government of Chhattisgarh to promote listing of SMEs in the state

As part of this association, the Department of Industries and Commerce will provide support in mobilizing the SME representatives through District Industries Centre.

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Airtel CEO Gopal Vittal urges customers to remain vigilant against Cyber fraudster

Gopal Vittal said The customers can get call or message from the fraudster claiming to be from a bank/financial institution and asks for account details or an OTP to unblock/renew the existing bank account. The details are then used to withdraw money from the customers bank account."

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Microsoft nearly overtakes Apple as most valuable company

Fueled by strong quarterly growth in its Azure cloud-computing business, Microsoft's shares jumped 4.2% to end at a record $323.17, elevating the software maker's market capitalization to $2.426 trillion, just short of Apple's $2.461 trillion valuation, according to Refinitiv data.

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