Latest News and Updates

• Uniparts India Limited is a leading supplier of systems and components for the off-highway market in the agriculture and construction, forestry and mining and aftermarket sectors. The company had launched its IPO on November 30 with an issue size of Rs 836 crore.
• By 3.30 PM, the offer has seen bid of 59.36 times in the QIB category, while the category reserved for high networth individuals (HNIs) received 17.04 times subscription. The quota reserved for retail buyers was subscribed 4.18 times. Read more

Latest News and Updates

• Talbros Automotive Components has bagged new multi years orders worth Rs420 crore from both domestic and overseas customers across its business divisions, product segments, and JVs.
• The company has agreed to execute these orders over a period of 5 years covering the company's product lines – gaskets, heat shields, forgings, and chassis.
• “These orders will help us increase market share among existing and new customers across geographies, allowing us to expand and gain market share in the coming years,” said the company in its press release. Read more

Latest News and Updates

• NIBE Limited informed that it has received purchase orders valued at Rs21.33 crore (inclusive of all taxes and duties).
• The company has received one order from Larsen & Toubro Limited. The scope of work includes fabrication, assembly, and integration of components/parts. The order is valued at Rs19.88 crore. The company expects the order to be completed by September 30, 2023.
• Further, NIBE has also received an order from Bharat Earth Movers Limited (BEML). The scope of the order from BEML is to supply track width mine plough fitment kit. BEML has agreed to pay a consideration of Rs1.45 crore for the said order. Read more

Latest News and Updates

• Route Mobile Limited has informed that its wholly-owned subsidiary – Route Mobile (UK) Limited, UK has incorporated a subsidiary namely – ‘TruSense Identity Limited’ in England & Wales, United Kingdom.
• As per the filing, the objects of the company shall be inter alia to carry on business of domestic software development, Information technology consultancy activities and Other information technology service activities.
• This new entity formation would widen the solution offerings of the Company, and further strengthen the Company’s organic growth strategy. Read more

Latest News and Updates

• In Friday's intraday trade on the National Stock Exchange (NSE), shares of Venus Pipes & Tubes increased by 6% to Rs 723.80 after Himalya Finance & Investment Company purchased 5 million shares of the business on the open market on Thursday. From its intraday low of Rs. 644.55 on Thursday, the stock of the price of iron and steel products increased by 12%.
• Its record high was Rs 775 on November 9. Read more

Latest News and Updates

• India's demand for food, personal care products and electronics such as smartphones, refrigerators and TVs fell sharply in November after a strong October. This is due to inflation and fears of job losses in some sectors weighing on consumer sentiment.
• November 2022 sales were down 3% compared to the same month last year, but commodities were up 11% and packaged foods up 1%. Sales in all other categories are down year-on-year. Demand growth in rural markets is still slow compared to last year's winter category growth. Read more

Latest News and Updates

• United States Food and Drug Administration (USFDA) has given Zydus Lifesciences Limited (formerly Cadila Healthcare Limited) final approval to market Estradiol Transdermal System USP, 0.025 mg/day, 0.0375 mg/day, 0.05 mg/day, 0.075 mg/day, and 0.1 mg/day.
• The Estradiol Transdermal System is used to treat moderate to severe menopausal symptoms such as feelings of warmth in the face, neck, and chest, as well as sudden strong feelings of heat, hot flushes, and vaginal dryness in women. The drug will be manufactured in Moraiya, Ahmedabad, India, at the group's formulation manufacturing facility.
• Since the beginning of the filing process in FY 2003-04, the group has so far received 336 approvals and has filed over 431 ANDAs. Read more

Latest News and Updates

• After the car industry revealed a range of sales figures for November, shares of the sector traded on a shaky note on Friday as investors booked profits.
• At 12:19 PM on the National Stock Exchange, Eicher Motors, Mahindra & Mahindra (M&M), and Ashok Leyland were down between two and three percent, while Hero MotoCorp, Bajaj Auto, Escorts, and Maruti Suzuki India (MSIL) were down between one and two %. Compared to other sectoral indices, the Nifty Auto index was the biggest loser, falling 1.1% as opposed to the Nifty '50s 0.86 percent decline. Read more

Latest News and Updates

• PVR Cinemas, India's largest cinema exhibition company, announced today the opening of its first multiplex in Yamuna Nagar, Haryana, at City Mall. The new 3-screen cinema is part of the company's expansion plans to open 110-125 screens in the current fiscal year.
• With this launch, PVR Cinemas expanded its presence in Haryana to 42 screens in 11 properties and 278 screens in 63 properties in the North.
• The new property, located in the heart of the city, has a total seating capacity of 590 people, and the last row of each auditorium is equipped with plush recliner seats for maximum comfort. Read more

Latest News and Updates

• In the declining market on Friday, Tata Steel shares increased 1% to a more than three-month high of Rs 111.60 on the BSE. The stock's price was at its highest point since August 19, 2022. In contrast, at 11:48 am, the S&P BSE Sensex was down 0.82 percent at 62,764.
• The Tata Group Iron & Steel Company's stock was up for the fourth straight day and had increased by 6% since the previous day. It has increased 10% over the past month compared to a 3% increase in the benchmark index. Tata Steel,  Read more

Latest News and Updates

• RBI is expected to lower India's GDP growth forecast for FY 23. According to some economists, it may reduce GDP growth forecase by 20 basis points or .02%
• The Central Bank is expected to do so because of the adverse impact of global economic slowdown on the India economy. Successive interest rate hikes by RBI have also played a role in slowing down the economy. 
• Much of it is also because of the hangover of disruptions caused by Covid lockdowns.Read more

Latest News and Updates

Latest News and Updates

• Global technology spending is expected to "moderate" due to high inflation and fears of a recession in markets such as the United States, although it would still see an 11% increase in 2023, according to a report by IT sector experts.
• A survey of 600 global companies from the Global 2000 shows that project budgets will increase by 11% over the next year despite recession fears. Most large companies have decided on their annual technology budgets for the coming year by December or January. Read more

Latest News and Updates

• Aided by a weak dollar in the foreign exchange market, the rupee strengthened 18 paise to 81.08 against the US dollar in early trade on Friday. Forex traders claimed that the local currency was negatively impacted by weak domestic equities and outflows of foreign funds, which limited the inclination for appreciation.
• The domestic unit started at 81.11 versus the dollar on the interbank foreign exchange but later increased by more than 18 paise to reach 81.08, up from its previous close. To end the day at 81.26 against the US dollar, the rupee gained four paise on Thursday. Read More

Latest News and Updates

• Prince Pipes and Fittings Limited (PPFL), one of India's largest integrated piping solutions providers, announced the introduction of 2 new, world-class plumbing and drainage solutions: Prince Hauraton, a modern range of Surface Drainage solutions, and Skolan Safe, a Premium Polypropylene (PP) Silent Drainage System.
• This initiative is part of the company's expansion strategy to bring innovative products to Indian markets. It will now provide a world-class range of technology-oriented drainage and plumbing solutions, classified as modern plumbing. Read more

Latest News and Updates

• Adani Ports & SEZ Limited (APSEZ) has won the bid for Karaikal Port with an Rs200 crore offer that outbid rival Vedanta, stated people familiar with the developments.
• The bidding was conducted as per the Insolvency and Bankruptcy Code (IBC) guidelines.
• As per the sources, Karaikal Port's lenders met last week to approve APSEZ's offer, which will now be presented to the National Company Law Tribunal (NCLT) for final approval. Read more

Latest News and Updates

• At 10:23 AM on Friday, during a choppy market, shares of Skipper were locked in the 20% upper circuit at Rs 108.75 on the BSE. Since September 2018, the stock's current quotation has been at its most significant. In contrast, the S&P BSE Sensex fell 0.65% to 62,870.
• On the NSE and BSE, 2.06 million shares totaling 2% of the company's equity, were traded. On both exchanges, Read more

Latest News and Updates

• The initial public offer of Uniparts India Limited will conclude on December 2, 2022. The company is selling its shares in the range of Rs 548-577 apiece with a lot size of 25 equity shares.
• According to BSE Data, the IPO of Uniparts India was subscribed 2.87 times by 11.30 AM. The QIB portion was subscribed 1.20 times, whereas the NII portion fetched 5.77 bids. The retails potion of the issue is subscribed 2.62 times. Read more

Latest News and Updates

• Godrej Properties announced today that it has acquired an 18.6-acre land parcel in Kandivali, Mumbai, on an outright basis. The project will have a developable area of approximately 3.72 million square feet and an estimated revenue potential of Rs7,000 crore.
• The project will primarily consist of premium residential apartments with supporting retail spaces. This will be one of GPL's largest residential developments, significantly increasing its presence in Mumbai's western suburbs.
• This is GPL's 8^th project addition in FY23, bringing the total expected booking value from projects added in FY23 to around Rs16,500 crore, compared to the company's full-year guidance of adding projects with a booking value potential of Rs15,000 crore. Read more

Latest News and Updates

Latest News and Updates

• According to data from the Centre for Monitoring Indian Economy, the nation's jobless rate increased to a three-month high of 8% during November (CMIE). According to the CMIE data released on Thursday, the jobless rate in urban India was greater than that in rural areas, standing at 8.96% compared to 7.55%.
• The unemployment rate in urban areas was 7.21% in October of this year, while it was 8.04% in rural areas. 
• States with the highest unemployment rate: In terms of individual states, Haryana maintained the highest unemployment rate in the nation in November at 30.6%, followed by Rajasthan (24.5%), Jammu and Kashmir (23.9%), Bihar (17.3%), and Tripura (14.5%). Read More

Latest News and Updates

• Blackstone Inc limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a rise in redemption requests which is an unprecedented blow to a franchise that helped it turn into an asset management behemoth.
• As the redemptions hit pre-set limits, rather than Blackstone setting the limits on the day, the curbs came. Nonetheless, they fueled investor concerns about the future of the REIT, which makes up about 17% of Blackstone's earnings. Blackstone shares ended trading down 7.1% on the news. Read more

Latest News and Updates

• In Friday's intra-day trade, PB Fintech Ltd, the parent company of online insurance aggregator Policybazaar, rose 6% to Rs 489 on the National Stock Exchange (NSE) as 5% of the firm's stock changed hands via a block deal.
• According to exchange data, pre-open trades on the NSE at Rs 456.30 involved about 22.84 million shares, Read More

Latest News and Updates

• Exxaro Tiles Limited has informed to the exchanges regarding temporary shutdown of Company’s Padra plant (Unit 1) from December 02, 2022.
• As per the filing, the company has announced that Unit 1 of Padra Plant will be closed for 3-4 weeks owing to planned regular maintenance schedule and associated equipment upgradation work.
• "The existing product inventory will be sufficient to fulfill product demand during this period", the company said on Thursday. Read more

Latest News and Updates

• Ten grams of 24-carat gold are now selling for Rs 53,180 after an increase of Rs 210 in Friday's early trade, making gold and silver more expensive. Conversely, silver prices have jumped by Rs 2,200 per kilogram and are currently trading at Rs 62,600 per kg. According to the GoodReturns website, ten grams of 22-carat gold retailed at Rs 48,750 after rising by Rs 200
• Price of 22 and 24-carat gold:
• Mumbai, Kolkata, and Hyderabad: 10 gms of gold 22 and 24-carat gold are selling at Rs 53,180 and Rs 48,750
• Delhi: 24-carat and 22-carat gold is trading at Rs 53,330, and Rs 48,800
• Chennai: 10 grams of 24-carat and 22-carat gold are trading at Rs 54,050 and Rs 49,550 Read more

Latest News and Updates

• MOIL Limited announced that the company recorded a production of 1.2 lakh tonnes of Manganese Ore in November 2022, registering a significant growth of 60% against the production in the previous month.
• Further, on the sales front, MOIL has logged growth of 82% sequentially, despite challenging market conditions.
• Smt. Usha Singh, Director (Human Resource) & CMD (Addl. Charge), attributed the company's improved performance to the great team effort displayed by all concerned and reiterated that MOIL is poised for even better performance in the remaining months of the fiscal year. Read more

Latest News and Updates

• SJVN Limited informed that its wholly-owned subsidiary SJVN Green Energy Limited has entered into a Memorandum of Understanding with Grid Corporation of Odisha for the development of 1000 MW Hydro Electric Projects and 2000 MW Solar Power Projects in Odisha. To carry on the projects the company will incorporate a Joint Venture company.
• The company's Shared Vision of 5,000 MW by 2023, 25,000 MW by 2030, and 50,000 MW capacity by 2040 is aligned with the Government of India's target of 50% energy from non-fossil fuel sources by 2030. SJVN intends to play an important role in the nation's clean energy transition as a strategic and dependable partner, stated the company in its media release. Read more

Latest News and Updates

• WardWizard Innovations and Mobility Ltd â€“ India’s one of the leading manufacturer of electric two-wheelers brand ‘Joy e-bike’ has recorded a sale of 7,123 units of electric two-wheelers in November 2022, marking the highest-ever sales in any month amidst all the challenges.
• The new mix of high-speed and low-speed product portfolios has made the Joy e-bike, one of the most preferred brands across all customer segments.
• Commenting on the highest-ever sales performance, Yatin Gupte, Chairman & Managing Director, WardWizard Innovations & Mobility Ltd., said “With improved supply chain and consistent market expansion, we have been able to reach maximum customers, achieving another sale milestone. Read more

Latest News and Updates

• Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, sold 390,932 two-wheelers in November 2022, a 12% y-o-y increase over 349,393 units in the previous year's corresponding month.
• Company’s domestic sales of scooters and motorcycles was 3,79,839 units in November compared to 3,28,862 units in the same month previous year. While exports for November 2022 were reported at 11,093 units against 20,531 units in November 2021.
• Hero MotoCorp anticipates that momentum will build in the coming quarters on the back of favourable economic indicators such as encouraging farm activity and positive consumer sentiments, as well as the upcoming wedding season. Read more

Latest News and Updates

• Indian markets traded in the red during Fridays opening bell amid weak global cues.A massive profit booking is seen in auto stocks on Indian benchmarks. Further, pharma, FMCG, banking stocks weighed on Sensex and Nifty 50.
• At around 9:48 AM, Sensex was trading at 63,016.15 down by 268.04 points or 0.42%. Nifty 50 performed at 18,732.70 lower by 79.80 points or 0.42%. 
• On BSE, in terms of sectoral indices, the Auto index dived nearly 150 points. The Banking and FMCG index also slipped over 0.5% each. On the contrary, the Metal and Oil & Gas indexes were top contributors surging marginally. Read more

Latest News and Updates

• On Thursday, the pharmaceutical company Orchid Pharma said its board approved raising Rs 500 crore from institutional investors. The company announced in a regulatory filing that the board had approved a Qualified Institutional Placement (QIP) campaign to fund Rs 500 crore.
• The Dhanuka group, which acquired control of the business in 2018, is complying with its mandated requirement to dilute 15% ownership by March 2023 with this QIP. The company has experienced rapid development after turning around the Insolvency Bankruptcy Code case, according to the statement. Read more

Latest News and Updates

• NLC India Limited and GRIDCO (Grid Corporation of Odisha) signed an MoU to set up Ground Mounted/Floating Solar Power Projects, Green Hydrogen Projects, Pumped Hydro Storage Projects, and any other renewable projects at ‘Make in Odisha Conclave,’ held at Bhubaneswar on December 1, 2022.
• K. Mohan Reddy, Director (Planning and Projects), NLCIL, and Trilochan Panda, MD, GRIDCO signed the agreement in the presence of Naveen Patnaik, Hon'ble Chief Minister of Odisha, and Rakesh Kumar, CMD, NLCIL.
• This MoU will help both parties meet their national targets for renewable energy capacity and energy transition, said the company on Thursday.
• NLC India is a mining and power generation company and a Government of India Enterprise. It operates opencast lignite mines and generates electricity from lignite, coal, and renewable sources such as wind and solar. Read More

Latest News and Updates

• Tata Play, formerly also known as Tata Sky, has become the first company to file a confidential DRHP with SEBI for its initial public offering (IPO). Tata group filed Draft Red Herring Prospectus (DRHP) with SEBI, BSE and NSE on November 29. The company advertised the same in a leading daily.
• Capital markets regulator SEBI introduced domestically the concept of confidential filings, which is very popular in the US markets, last month. Accordingly, an unlisted company can offer its documents as private until it approves its IPO plan.
• Tata Play's offer will be open for review by SEBI but will not be open to the public. Once the market regulator issues its comments and the company decides to launch an IPO, the company must file an updated DRHP, a public document. Read More

Latest News and Updates

• The Board of Directors of Deccan Gold Mines Limited at their meeting held on November 30, 2022 have approved the proposal to acquire 7,20,973 fully paid-up equity shares in Geomysore Services (India) Private Limited (“GMSI”) representing 44.32% of the present capital of GMSI to the Proposed Allottees.
• As per the filing, the transaction is by way of non-cash consideration by issue and allotment of 3,35,36,945 equity shares of face value of Re. 1/- and 14,99,276 Compulsorily Convertible Debentures of face value of Re. 1/- by way of preferential issue.
• Geomysore Services (India) Private Limited (“GMSI”) has a granted and executed Mining Lease over its Jonnagiri Gold Project in the State of Andhra Pradesh. GMSI is in advanced stage of commencement of business operations at Jonnagiri. Read more

Latest News and Updates

• Alembic Pharmaceuticals Limited has announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA), Diclofenac Sodium Topical Solution USP, 2% w/w.
• The ANDA was filed by Aleor Dermaceuticals Limited (Aleor) which was amalgamated with Alembic. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Pennsaid Topical Solution, 2% w/w, of Horizon Therapeutics Ireland DAC (Horizon). Diclofenac Sodium Topical Solution is indicated for the treatment of the pain of osteoarthritis of the knee(s).
• Diclofenac Sodium Topical Solution USP, 2% w/w has an estimated market size of US$512 million for twelve months ending Sep 2022 according to IQVIA. Read more

Latest News and Updates

• Trident Limited has been granted patent for “Fabric and Method of Manufacturing Fabric by Patent Office India.
• As per the filing, the present invention comprises a method of producing a fabric by subjecting the fabric to a special treatment, thereby obtaining increased air space in the resultant fabric.
• This will help the company to deliver its special soft towels without usage of any chemical-based fibers enabling it to save environment and at the same time to deliver its soft luxury towels in Indian Market. Read more

Latest News and Updates

• Grasim Industries has informed to the stock exchanges that the members of the Stakeholders' Relationship Committee of the Board of Directors vide its circular resolution dated December 01, 2022 has allotted 10,000 - 7.63% Rated, Listed, Unsecured, Redeemable Non-Convertible Debentures (NCDs) of Rs10 Lakh each (Series 22-23 II, 7.63% GIL 2027) aggregating to Rs1,000 crore, on private placement basis.
• "These NCDs have been rated "AAA (STABLE)" by CRISIL and ICRA", the company said. Read more

Latest News and Updates

• EaseMyTrip, India’s one of the largest online travel tech platforms, has announced it will invest in and acquire Gujarat’s GIFT city-based Nutana Aviation.
• The acquiree company is in the business of offering charter solutions to clients in India and abroad. Nutana Aviation leases charter aircraft enabling operators to run efficiently along with proving charter booking services to its clients, within and outside India.
• "With this acquisition, EaseMyTrip will add a new segment that will 'fast-track' its growth. The acquisition is a strategic decision which comes in line with its continued diversification plans of developing a comprehensive travel ecosystem. Via this acquisition, the company is focused on growing inorganically and attain profits. Read more

Latest News and Updates

• Coal India's (CIL) progressive production of 412.6 million tonnes (MTs) from April to November 22 showed a 59.2 MT increase year on year, with robust growth of around 17%. In the previous year's comparable period, production was 353.4 MTs.
• CIL met 99.7% of the progressive production target and reduced the annual asking growth rate by nearly half to 6.7%. In order to exceed the year's output target of 700 MTs, the company began FY23 with an asking rate of 12.4%.
• To meet its FY23 output target, the state-owned coal miner targets production of 287.4 MTs of coal during the remaining four months of the current fiscal year. Read more

Latest News and Updates

• Indian equity markets may see some significant profit booking today, after the gains of last two days. Asian equity markets have opened mostly in red today. 
• US markets saw consolidation yesterday.  Dow Jones closed lower by 194 points. Nasdaq closed higher by 14 points. Bond yields hit fresh new near-term low of 3.52%. US dollar index fell to 104.79. Oil prices saw sharp bounce to US$89. Weakness in US dollar saw buying interest in commodities.
• Asian markets have opened in the red today.  Japanese 'Nikkei’ is down by 500 points in early trade. Profit booking, after the sharp weekly rally, is being seen in most Asian indices. Chinese stocks will be in action as China opens up after the severe lockdowns. Read more

Latest News and Updates

• In early Asian trade on Friday, oil prices dipped slightly as the US dollar recovered some of its losses and COVID-19 limitations eased in two Chinese cities, which reduced losses.
• The price of Brent oil futures had fallen by 11 cents, or 0.1%, to $86.77 per barrel, while the price of U.S. West Texas Intermediate (WTI) crude futures had fallen by 14 cents, or 0.2%, to $81.08 per barrel.
• Following data that showed U.S. consumer spending increased significantly in October, the U.S. dollar, which typically trades inversely with oil, edged higher after falling to 16-week lows against a basket of major currencies.
• Nevertheless, as COVID-19 curbs were relaxed in two significant Chinese cities, both benchmarks were on track for their first weekly gains after three straight weeks of decline. Read More

Latest News and Updates

• The gross GST revenue collected in the month of November 2022 is stood at Rs1,45,867 crore of which CGST is Rs25,681 crore, SGST is Rs32,651 crore, IGST is Rs77,103 crore (including Rs38,635 crore collected on import of goods) and Cess is Rs10,433 crore (including Rs817 crore collected on import of goods).
• Accordingly, the government has settled Rs33,997 crore to CGST and Rs28,538 crore to SGST from IGST as regular settlement.
• The total revenue of Centre and the States after regular settlements in the month of November 2022 is Rs59678 crore for CGST and Rs61189 crore for the SGST. Read more

Latest News and Updates

• The Reserve Bank on Thursday authorized international branches and subsidiaries of Indian banks to transact in financial products that are not expressly allowed in the local market, subject to certain conditions.
• A framework is required, according to an RBI circular, to allow them to engage in activities that are not expressly permitted in the Indian domestic market. The RBI circular also specifies the International Financial Services Centers (IFSCs) in India, such as Gujarat International Finance Tec-City, to which these instructions apply.
• It stated that without the Reserve Bank's previous consent, "the international branches/foreign subsidiaries of Indian banks/AIFIs can deal in financial goods, including structured financial products, which are not available or are not approved by the Reserve Bank in the domestic market. Read more

Latest News and Updates

• Most Indian manufacturers experienced excellent overall sales in November thanks to the holiday season, with market leader Maruti Suzuki reporting a 14.3% increase for the month.
• Auto sales figures are closely monitored since they are one of the most important indicators for evaluating private spending, which accounts for more than 50% of the calculation of the nation's economic growth.
• The Reserve Bank of India's upper tolerance zone for inflation is 6%, yet India's inflation has remained high despite recent signs of improvement. Read more

Latest News and Updates

• The initial public offer (IPO) of Uniparts India was subscribed fully on day two with 2.02 times subscription. The issue with price band of Rs 548-577 per share will conclude on Friday, December 2. The company has also received Rs 251 crore at the upper end of the price band from anchor investors ahead of the opening of its initial sale.
• On day 2, the Qualified Institutional Buyers (QIBs) category is subscribed by 0.97 times whereas Non Institutional Investors (NIIs) category seen the subscription of 3.41 times. The retails portion is subscribed 2.01 times. Read more

Latest News and Updates

• Convergence Energy Services Ltd. (CESL), a state-owned company, has announced the resignation of its MD and CEO, Mahua Acharya.
• "I am thus giving notice of my resignation from the positions of Managing Director (MD) and Chief Executive Officer (CEO) of CESL, as well as the initially advertised position of Head Convergence. According to the terms of the contract, I'll be leaving on January 13, 2023 "She stated this in her letter of resignation to Vishal Kapoor, CEO of the parent company EESL.
• Acharya went on to say that she would also like to leave the company's board of directors and asked that the proper resolution be passed in this regard. Read more

Latest News and Updates

• On Thursday, Phoenix, a gender-neutral second career programme, was launched by top FMCG giant Marico Ltd to welcome professionals who have taken career breaks. According to a press release from the company, Phoenix is a career transition programme that will provide possibilities to individuals who have taken a minimum one-year career hiatus and are eager to get back into the corporate sector.
• The programme values diversity and accepts applicants who may have taken a pause to focus on their health, achieve their goals, or pursue their passions.
• Candidates must have a minimum of two years of prior work experience to be eligible for the programme. Read more

Latest News and Updates

• Major EPC business Larsen & Toubro Limited said today that it has concluded a three-year, $107 million sustainability-linked loan with Sumitomo Mitsui Banking Corporation (SMBC).
• The facility includes interest rate reductions tied to achieving two of L&T's preset sustainability targets: lowering the intensity of greenhouse gas emissions and the intensity of water consumption relative to the target levels.
• According to the company's press release, these goals were chosen because they are pertinent and important to the organization's overarching sustainability posture and strategy. The loan complied with the fundamental criteria set forth in the sustainability-related loan guidelines. On L&T's SLL, DNV Business Assurance Singapore Pte. Ltd. offered a second-party assessment. Read more

Latest News and Updates

• According to a government press statement on Thursday, Indian Railways' freight loading for the first eight months of the current fiscal year exceeded both loading and earnings for the same period last year.
• According to the announcement, the cumulative loading of freight from April through November of this year was 978.72 MT compared to 903.16 MT last year. This represents an 8% improvement.
• In comparison to the same period last year, railways made Rs1,05,905 crore as opposed to Rs 91,127 crore, an increase of 16%. Read more

Latest News and Updates

• According to real estate advisor Colliers India, investments in data centres have totalled $10 billion (about Rs81,247 crore) since 2020 as demand for such facilities has increased due to a rapid increase in data consumption.
• The consultancy predicted that India's data centre stock would likely double to roughly 20 million square feet by 2025 from its current capacity of 10.3 million square feet in its paper titled "Data Center: Scaling up in Green age."
• Currently, India's top seven cities — Mumbai, Delhi-NCR, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata — collectively have about 770 MW of data centre capacity. Read more

Latest News and Updates

• Coca-Cola India, a major beverage company, announced on Thursday that it is collaborating with Adani Digital Labs, a subsidiary of the Adani Group, to maximize the reach of its brands among customers in the nation.
• According to a joint release, Coca-Cola India and Adani Digital Labs are working together to use the consumer-centric platform for product sampling and to provide deep customer insights.
• Coca-Cola is one of the first companies to provide its products on this platform, it continued.
• This will allow for the tasting of a few new products from Coca-Cola India's portfolio, including "Fanta Apple Delite" and "Charged by Thums Up," at some of the country's busiest airports. Read more

Latest News and Updates

• The capital markets regulator, SEBI, has given brokers permission to utilize equities exchange-traded funds (ETFs) as collateral and to expand the margin trading facility (MTF) to include them. Brokers only currently provide the MTF option for a limited number of stocks that fall under the category of Group 1 securities.
• It has been decided to accept units of equity exchange-traded funds (equity ETFs) as an eligible security for MTF as well as an eligible collateral under MTF, according to a circular from SEBI. "Taking into account the emergence of ETFs as an investment product with various advantages such as transparency, diversification, lower cost, etc.," the circular stated.
• The facility is carried out with borrowed money or assets, allowing investors to participate in the market beyond their means. Read more

Latest News and Updates

• According to a statement released on Thursday, the Essar Group of India intends to partner with a major company to build an Rs40,000 crore ($4.92 billion) petrochemical complex in the state of Odisha in the east.
• The petrochemical complex will have a 7.5 million tonnes capacity per year, according to the statement. It did not give the identity of the project's partner. Read more

Latest News and Updates

• Indicating that the stock markets may have a bad start on Friday, Nifty futures on the Singapore Exchange traded 46.5 points, or 0.25%, lower at 18,929. The following ten stocks may show price movement in today's market. To check more hot stocks, click at: https://www.indiainfoline.com/markets/hot-stocks
• One 97 Communications:
• According to company founder and CEO Vijay Shekhar Sharma, the digital financial services company anticipates that its blended net payment margin would stabilize at 5 to 7 basis points as a result of a rise in the share of UPI in the payment industry.
• Kotak Mahindra Bank:
• On a private placement basis, the private sector lender has distributed 15,000 long-term, fully paid up, non-convertible bonds with a face value of  Rs 10 lakh each. The tenor is 7 years from the date of allocation, and the coupon rate is 7.63% annually. Read More

Latest News and Updates

• Next Leap Career Solutions was bought by CIEL HR Services, a company that offers workforce and skilling solutions. The value of the  deal has not been disclosed.
• The first half of FY23 saw an 80% year-over-year increase in revenue for CIEL, which intends an initial public offering (IPO) in the second quarter of the next fiscal year, reaching Rs 382.59 crore from Rs 212.25 crore the previous year. The operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) margin for the company is Rs 4.58 crore. Read more

Latest News and Updates

• In November 2022, Mahindra & Mahindra reported a 56% increase in domestic passenger car sales to 30,392 units.
• In the same month last year, the business sold 19,458 units, according to M&M's regulatory filing.
• Sales of utility vehicles increased by 56 percent to 30,238 units from 19,384 units in the same month last year. In comparison to the 74 units sold in the same month last year, 154 automobiles and vans were sold this month. Read More

Latest News and Updates

• The government-run Bharat Heavy Electricals Ltd. (BHEL) has partnered with Titagarh Wagons and is one of five companies that submitted a bid for the massive contract worth Rs 58,000 crore to build 200 Vande Bharat trains and maintain them for the following 35 years.
• Other participants in the competition include French rail giant Alstom, the Medha-Stadler cooperation, comprising Hyderabad-based Media Servo Drives and Swiss rail equipment maker Stadler Rail, Siemens and BEML, and Russian rail equipment maker Transmashholding (TMH) and an Indian company. Read more

Latest News and Updates

• In November, Tata Motors' overall wholesale sales grew by 21% to 75,478 units.
• In November 2021, the corporation sent 62,192 units out.
• The automotive giant reported that its overall domestic sales for last month were 73,467 units, up 27% from 58,073 units at the same time last year. Read more

Latest News and Updates

• Industrialist Vikram Kirloskar, who died on Tuesday in Bengaluru from a heart attack, played a key role in bringing the Japanese automaker Toyota to India. The 64-year-old Kirloskar leaves behind his wife, Gitanjali, and daughter, Manasi.
• Kirloskar, a mechanical engineer who graduated from MIT, served as vice chairman of Toyota Kirloskar Motor (TKM). He was crucial in the creation of TKM, a partnership between the Kirloskar Group and a major Japanese automaker. On Wednesday, Bengaluru's Hebbal Crematorium held Kirloskar's funeral services. Read more

Latest News and Updates

• The fourth tranche of Bharat Bond ETF  will open today.
• The fund's manager, Edelweiss Mutual Fund, will launch the new fund offer of the ETF on December 2 and close subscriptions on December 8.
• The money raised would be used by central public sector firms to fund capital projects (CPSEs).
• The April 2033 maturity date for this fresh Bharat Bond ETF and Bharat Bond Fund of Funds (FOF) series Read more

Latest News and Updates

• In November 2022, Honda Cars India's domestic sales grew 29% to 7,051 units compared to the same month in the previous year.
• In November 2021, the company delivered 5,457 units to dealers.
• Exports were 726 units last month, down from 1,447 units the previous year.
• The demand for cars has held strong after the holiday season, supported by comparatively better economic prospects, and this momentum is reflected in our sales figures, according to Yuichi Murata, director of marketing and sales at Honda Cars India. Read more

Latest News and Updates

• Britannia Industries, a bakery goods firm, anticipates that sales of its cheese products will increase more than fivefold in the next five years, reaching roughly Rs 1,250 crore.
• The company, which established a joint venture with the French cheese maker Bel earlier this week, now generates roughly Rs 250 crore in revenue from its cheese division. Read more