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Indian Trading stocks like TCS reported a 6.3% growth in consolidated net profit to Rs 9,246 cror ...
Ramco Systems has opted to partner with EXSYN in the critical area of aircraft data migration, of ...
Aditya Birla Sun Life Mutual Fund (MF) has launched the Aditya Birla Sun Life Fixed Term Plan-Ser ...
With easing prices of some food items, retail inflation of India based on the Consumer Price Inde ...
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TCS, NBCC (India) and Yes Bank have been highlighted in todays market.Apr 13 2021 6:44PM
Indian Trading stocks like TCS reported a 6.3% growth in consolidated net profit to Rs 9,246 crore in Q4 March 2021 over Q3 December 2020. Consolidated revenue grewby 4% to Rs 43,705 crore in Q4 March 2021 over Q3 December 2020.TCS' order book at $9.2 billion in Q4 March 2021, was the highest ever total contract value (TCV) in a quarter, taking the total yearly order bookat $31.6 billion, a 17.1% growth compared to previous financial year.For the financial year ended March 2021, the company's consolidated revenues grew 4.6% to Rs 1,64,177 crore and net profit rose 0.28% to Rs32,430 crore. The company's board has proposed a final dividend of Rs 15 per share.NBCC (India) said it has been awarded the work order for engagement as Project Management Consultant (PMC) for Construction of FCIL officebuilding at Noida, Sector -1 on April 9, 2021. NBCC is the Project Management Consultant for this project value of Rs. 65.10 crore at PMC fee of7%.Yes Bank said that Sebi vide its Order dated April 12, 2021 has imposed a penalty of Rs. 25 crore against the Bank under Section 15 HA of SEBIAct, 1992 for the alleged mis-selling of AT-1 Bonds in the secondary market. The bank shall be preferring an appeal before the SecuritiesAppellate Tribunal, it said.Hindustan Copper closed its qualified institutional placement issue and approved the issue price of Rs 119.60 per equity share for the issue.Satin Creditcare Network said that the company's AUM stood at Rs 7,274 crores as on 31st March 2021, a growth of 5.3% QoQ |
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Indian stocks like RIL, Bharti Airtel, Tata Steel and Barbeque-Nation have been con concentrated in todays market.Apr 7 2021 11:12PM
Intraday sharing stocks Shares of Reliance Industries (RIL) and Bharti Airtel will be in focus. Bharti Airtel announced an agreement with Reliance Jio lnfocomm to transferthe 'Right to Use' of Airtel's 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) to Jio. Through thisagreement, Airtel will receive a consideration of Rs 1037.6 crore from Jio for the proposed transfer. In addition, Jio will assume future liabilities ofRs 459 crore relating to the spectrum.Tata Steel said that the company has achieved highest ever quarterly crude steel production of 4.75 mn tons with a 3% QoQ growth in Q4FY21.Full year FY21 production was lower by 7%YoY primarily due to the disruption caused by COVID-19 pandemic in H1FY21.Tata Steel Long Products (TSLP) said that the company has achieved the highest ever quarterly crude steel production of 186 thousand tons witha growth of 7% QoQ and 19% YoY on the back of debottlenecking at steel melting shop and arcing.INOX Leisure said that the company's board of directors approved to raise funds upto Rs. 300 crore through issue of securities either by way of apublic issue or by way of rights issue or by way of a private placement (including but not limited through a qualified institutional placement).Shares of Barbeque-Nation Hospitality will debut on the bourses today, 7 April 2021. The firm has raised Rs 453 crore from the recentlyconcluded initial public offering (IPO) in price band of Rs 498-500.Wonderla Holidays said that Wonderla Bangalore has announced the closure of water rides effective from 7th April till further notice, following thegovernment directive. All land rides will be functional as normal. |
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Indian intraday trading stocks like Maruti Suzuki, Avenue Supermarts and IRCON International have been highlighted.Apr 6 2021 7:19PM
Indian stocks like Maruti Suzuki India's total production jumped to 172,433 units in March 2021 from 92,540 units in March 2020. The production of passengervehicles rose to 170,036 units in March 2021 compared with 91,602 units in March 2020. Production of light commercial vehicles surged to 2,397units in March 2021 from 938 units in March 2020.Avenue Supermarts said that standalone revenue from operations for the quarter stood at Rs 7,303.13 crore as compared to Rs 6,193.53 crore inthe same period last year. The total number of stores as of 31 March 2021 stood at 234.The board of directors of IRCON International approved and recommended the issuance of one bonus share for each share held.Sobha said the company has achieved best ever total sales volume of 1,337,707 square feet of super built-up area valued at Rs 10.72 billion inQ4 2021.Panacea Biotec announced that the Russian Direct Investment Fund (RDIF, Russia's sovereign wealth fund) and Panacea Biotec, one of theleading vaccine and pharmaceutical producers in India, has agreed for cooperation to produce 100 million doses per year of Sputnik V, theworld's first registered vaccine against coronavirus.Trident said that the major fire has been broken out on Monday in the Cotton warehouse located in the manufacturing facilities at Budhni,Madhya Pradesh.Ucal Fuel Systems informed that the company has fully lifted the lockdown at the plant situated at Puducherry with effect from 5th April 2021. |
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Indian stocks like Auto stocks ,NTPC, Wipro and Britannia Industries have been focused .Apr 5 2021 9:52PM
Indian trading stocks like Maruti Suzuki India said that Suzuki Motor Gujarat Private Limited (SMG), a 100% subsidiary of Suzuki Motor Corporation for the production ofautomobiles in India, has completed construction of the Plant C, and started production from April 2021. With production starting at the Plant C,which has an annual production ability of 250,000 units, together with Plant A and Plant B, the total ability of SMG will be 750,000 units.Together with Maruti Suzuki's production ability of 1.5 million units, Suzuki's production ability of automobiles in India will be 2.25 million units.All automobiles that will be produced in SMG will be supplied to Maruti Suzuki.Hero MotoCorp sold 576,957 units of motorcycles and scooters in March 2021, registering a growth of 72% over the corresponding month in theprevious year. The company had sold 334,647 units in March 2020.Tata Motors has completed the transfer of its Defense business with effect from 1 April 2021 to Tata Advanced Systems Limited (TASL) for anupfront consideration of Rs 227.7 crore (which is subject to closing balance sheet adjustments). The transfer has been completed through aslump sale as per Scheme of Arrangement approved by National Company Law Tribunal at Mumbai and Hyderabad.TVS Motor Company registered sales of 322,683 units in March 2021 as against 144,739 units in March 2020.Eicher Motors registered total sales of 66,058 units in March 2021 as against 35,814 units in March 2020.NTPC informed that based on achievement of approved norms, Unit-2 of 660 MW capacity of Nabinagar Super Thermal Power Project (3 x 660MW) of Nabinagar Power Generating Co. Limited (a wholly owned subsidiary of NTPC Limited) has successfully completed trial operation andconsequently included in the installed capacity of NTPC Group with effect from 31 March 2021.Wipro has completed the take over of METRO-NOM GMBH and METRO Systems Romania S.R.L. for a purchase consideration of EUR 52.04 millionbased on the financials at the time of completion of the transaction.The Board of Directors of Britannia Industries declared Interim Dividend of Rs. 62 per equity share for the Financial Year 2020-21. The recorddate for determining the eligibility of shareholders for payment of interim dividend has been fixed as April 10.Adani Enterprises alongwith its Wholly Owned Subsidiary company, Gare Palma II Collieries Private Limited ("GPIICPL") has signed Coal MiningAgreement ("CMA") with Maharashtra State Power Generation Company Limited ("MAHAGENCO") for development and operation of Gare PalmaSector II Coal Mine.Olectra Greentech and Evey Trans received letter of award for 50 electric buses from one of the state transport authorities under FAME-II schemeof Government of India. These buses will be delivered over a period of 12 months |
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TCS, SpiceJet and KNR Constructions have been spotlighted in todays intradays market.Mar 31 2021 5:49PM
Indian Intraday Stocks likeTata Consultancy Services (TCS) announced that it has renewed its strategic partnership and services footprint with Nationwide Building Society,the world's largest building society and one of the largest savings and mortgage providers in the UK, to help strengthen the latter's enterpriseagility and operational resilience.SpiceJet has signed a Memorandum of Understanding (MoU) with Avenue Capital Group, New York for a strategic alliance in respect of thefinancing, acquisition and sale and lease-back of 50 new planes to be ordered by the airline.SJVN has been awarded 70 MW grid connected Solar Power Project in the state of Gujarat.VA TECH WABAG has completed the Financial Closure for its Hybrid Annuity Model ('HAM') project received from Bihar Urban InfrastructureDevelopment Corporation (`BUIDC0').KNR Constructions said the company is in receipt of Letter of Acceptance for Six laning of Ramanattukara Junction to start of Valanchery bypasssection of NH - 66 (old NH-17) from Design Ch. 258+818 (Ex. km 27.840 of Kozhikode bypass) to Design Chainage 298+500 (Ex. km 304.250)on Hybrid Annuity Mode under Bharatmala Pariyojana in the state of Kerala.IRB Infrastructure Developers announced addition of two new PPP projects in the company's portfolio. |
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Indian Intraday stocks like Nazara Technologies,BPCL and Biocon have been focused in todays market.Mar 30 2021 7:00PM
Indian Intraday Shares of mobile gaming company Nazara Technologies will be listed on the stock exchanges today, 30 March 2021. The Rs 582.91 crore IPOwas open for subscription between March 17 and March 19 and the shares were sold in the price band of Rs 1,100-Rs 1,101 per share.BPCL on Friday said it has sold its entire 61.5% stake in Numaligarh Refinery (NRL) in Assam to a consortium of Oil India and Engineers Indiaand government of Assam for Rs 9,876 crore.Biocon announced a partnership between Biocon Pharma, a wholly owned subsidiary of Biocon Limited, and Libbs Farmaceutica, a leadingpharmaceuticals company in Brazil, to launch generic drugs in Brazil, the world's sixth most populous country.HCL Technologies on Friday announced the opening of its innovation center focused on digital acceleration in Mississauga, Ontario in Canada.From its newest global delivery center, HCL will deliver advanced technology solutions to its global client base to help accelerate their digitaltransformation journeys.Adani Green Energy on Friday, 26 March 2021, said it completed acquisition of Spinel Energy & Infrastructure (SEIL) from Hindustan Cleanenergyand Peridot Power Ventures.The board of the IDBI Bank on Friday, 26 March 2021, approved the rupee bond borrowing limit of Rs 8000 crore for FY 2021-22.India Grid Trust on Friday said it has completed the largest transmission project deal by acquiring NER-II Transmission (NER-II) from SterlitePower at an enterprise value of about Rs 4,625 crore.Lumax Industries said the company's board approved capital expenditure (capex) amounting up to Rs 80 crore for setting up of the company'snew manufacturing unit(s) in Sanand, Gujarat to cater to the orders received from MG Motors and other customers.ADF Foods on Friday said it has commenced commercial production of frozen breads, snacks and ready to eat products at its manufacturingfacility in Surat, Gujarat from 25 March 2021.The board of PNC Infratech has approved divestment of the company's entire 35% stake in Ghaziabad Aligarh Expressway to Cube Highways andInfrastructure.McNally Bharat Engineering Company on Friday said it has bagged a Rs 278-crore order from Coal India arm Mahanadi Coalfields. |
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Tata group, Suryoday Bank and Kalyan Jewellers have been concentrated in todays Indian Trading market.Mar 26 2021 8:33PM
Tata group stocks TCS, Tata Steel, Tata Motors, Voltas, Indian Hotels, Tata Metaliks, Rallis India, Tata Global Beverages, Tata Steel LongProducts, Tata Power, Tata Coffee, Tinplate Company of India, Tata Chemicals, Tata Teleservices Maharashtra, Tata Communications and TataInvestment Corporation will be in focus. The Supreme Court is scheduled to pronounce on Friday its judgement on the cross appeals filed by TataSons Pvt Ltd and Cyrus Investments Pvt Ltd against the NCLAT order which had restored Cyrus Mistry as the executive chairman of the over$100 billion salt-to-software Tata conglomerate.Shares of Suryoday Small Finance Bank will make its stock market debut today. The Rs 582-crore public issue was subscribed 2.4 times. Theprice range for the offer was Rs 303-305 per share.Shares of Kalyan Jewellers India will debut on the bourses today, 26 March 2021. The Rs 1,175-crore public issue received a muted response andwas subscribed 2.61 times. The issue was sold in the price band of Rs 86-87 per share.Lupin has agreed in principle to subscribe to a partnership interest in ABCD Technologies LLP (to be renamed as Indo Health Services LLP) at acost of Rs 40 crore.Mahindra Lifespace Developers announced the addition of a new residential project in Kalyan. The company has entered into an agreement forsale for 10.3 acres. This new project will offer approximately 7 lakh sq. ft. of carpet area and is expected to be launched in FY 2022.Hathway Cable & Datacom said that Jio Content Distribution Holdings, Jio Internet Distribution Holdings, and Jio Cable and Broadband Holdingswill sell 33,79,83,855 equity shares or 19.09% stake in the company through offer for sale on March 26 and March 30. The floor price has beenfixed at Rs 25.25 per share.Den Networks said that Jio Futuristic Digital Holdings, Jio Digital Distribution Holdings and Jio Television Distribution Holdings will sell5,54,85,048 equity shares or 11.63% stake in the company through offer for sale on March 26 and March 30. The floor price for the sale hasbeen fixed at Rs 48.50 per share.Somany Home Innovation said that Group Atlantic, France, will invest Rs 68.3 crore for a 50% stake in the water heater business subsidiary ofthe company. |
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Intraday Trading stocks like Laxmi Organic, Craftsman Automation and Jubilant Food works have been highlighted.Mar 25 2021 8:23PM
Indian Intraday Trdaing market Shares of specialty chemicals company Laxmi Organic Industries will debut on the bourses today, 25 March 2021. The company has mopped upRs 600 crore through a fresh issue and offer for sale. The issue price was Rs 130 per share.Shares of auto component maker Craftsman Automation will be listed on the bourses today, 25 March 2021. The price band was Rs 1,488-1,490per share.Jubilant Foodworks has entered into an exclusive Master Franchise and Development Agreement with PLK APAC Pte., a subsidiary of RestaurantBrands International Inc., to develop, establish, own and operate, and to license Franchisees to develop, establish, own and operate, PopeyesRestaurants in India, Bangladesh, Nepal and Bhutan.Wabco India said that ZF International UK will sell 17,17,388 equity shares or 9.05% stake in the company through the offer for sale on March25 and March 26. The company will also sell additional 17,17,387 equity shares or 9.05% stake in the company through offer for sale on samedays. The floor price for the sale is fixed at Rs 5,450 per share.Bank of India will raise up to Rs 750 crore by issuing Basel III compliant Additional Tier I Bonds. The bidding for the bonds will start on 26 Marchand end on 30 March.Pokarna said that Pokarna Engineered Stone, its wholly owned subsidiary, has started commercial production at its Unit 2, with effect from March24, 2021.Vakrangee has entered into a partnership agreement with TransUnion CIBIL (TUCIBIL), one of the India's largest credit information companyregulated by Reserve Bank of India to drive financial inclusion by providing easy access to CIBIL Score and Report to consumers through NextgenVakrangee Kendra network. |
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Ramco Systems has opted to partner with EXSYN in the critical area of aircraftApr 13 2021 6:46PM
Ramco Systems has opted to partner with EXSYN in the critical area of aircraft data migration, offering joint implementation services of Ramco Aviation M&E MRO Suite V5.8. With extensive footprints in the aviation industry, this partnership between both the companies will enable new clients onboarding Ramco Aviation Suite to trust and rely on the expertise and bespoke technology of EXSYN in order to smoothly migrate their data from existing systems into Ramco application. |
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Bharat Petroleum Corporation (BPCL) and Accenture are collaborating to transform India’sApr 13 2021 6:45PM
Bharat Petroleum Corporation (BPCL) and Accenture are collaborating to transform India’s second largest oil and gas company by digitally reimagining its extensive sales and distribution network. Accenture will use its capabilities in data, artificial intelligence (AI) and cloud technologies to build, design and implement a digital platform, called IRIS. |
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Indian Energy Exchange’s (IEX) wholly owned subsidiaryMar 26 2021 8:30PM
Indian Energy Exchange’s (IEX) wholly owned subsidiary -- Indian Gas Exchange (IGX) has introduced market-friendly features including improved auction methodology aimed at enhancing the ease of trade for market participants. |
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PGEL is a diversified Electronic Manufacturing ServicesMar 26 2021 8:29PM
PG Electroplast (PGEL) has started the commercial production for manufacturing of Washing Machines at Company's unit situated at Khasra No. 268 & 275, 15th Milestone, Roorkee, Dehradun National Highway-73, Raipur, Pargana Bhagwanpur, Tehsil - Roorkee, Dist. Haridwar, Uttarakhand. The capacity of the plant is 0.8 million units per annum and the company shall start supplying the same to various marquee clients in the country. |
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Gayatri Highways has successfully completed the acquisitionMar 25 2021 8:18PM
Gayatri Highways has successfully completed the acquisition of 12.71% of equity share capital of the HKR Roadways effective March 24, 2021. As Gayatri Highways is engaged in infrastructure industry, the investment in HKR Roadways would be very beneficial for the future growth prospects. |
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Infosys is a global leader in next-generation digital services and consultingMar 25 2021 8:16PM
Infosys has won three awards at the 4th DevOps Industry Awards. The company is the only participating service provider to have won the highest number of recognitions at these industry awards for three consecutive years. |
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Mahindra Lifespace Developers has successful launched Happinest TathawadeFeb 17 2021 9:30PM
Mahindra Lifespace Developers has successful launched Happinest Tathawade, a first-of-its-kind ‘Fusion Homes’ residential project in Pune. A pioneering residential format, ‘Fusion Homes’ at Happinest Tathawade cater to the full spectrum of living needs of each user. Innovative space utilisation at the project makes it easier for residents to seamlessly switch between their personal and professional lives, provides undisturbed personal space within a thriving community environment, caters to new age fitness needs and enables a deep connect to nature. |
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Zensar Technologies has been named a winner in the 2021 BIG Innovation awardsFeb 17 2021 9:30PM
Zensar Technologies has been named a winner in the 2021 BIG Innovation awards for Technology. Its innovation hub, Zenlabs, has been recognized for its client-centric solution accelerators. This annual business award recognizes organizations, products, and people bringing new ideas to life in innovative ways. Zenlabs, which is the innovation research hub of Zensar, won this recognition for its work on building client-focused solutions across next-generation technologies like artificial intelligence (AI), distributed ledger technologies such as blockchain, Internet of Things (IoT), augmented (AR), and virtual reality (VR). The team at Zenlabs consists of PhDs, researchers, and scholars who work on applicative research, co-innovation, and accelerators to scale these technologies. |
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Aditya Birla Sun Life Mutual Fund (MF) has launched the Aditya Birla SunApr 13 2021 6:47PM
Aditya Birla Sun Life Mutual Fund (MF) has launched the Aditya Birla Sun Life Fixed Term Plan-Series TE (1095 days), a close ended Income Scheme. The NFO opens for subscription on April 12, 2021, and closes on April 19, 2021. The Entry load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 1000 and in multiples of Rs 10 thereafter during the NFO period. |
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SBI Mutual Fund (MF) has launched the SBI FMP Series 42.Mar 25 2021 8:19PM
SBI Mutual Fund (MF) has launched the SBI FMP Series 42 (1857 Days), a close ended debt scheme. The NFO opens for subscription on March 25, 2021, and closes on March 26, 2021. The Entry load and the Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter. |
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Kotak Mahindra Mutual Fund (MF) has launched the Kotak Nifty Next 50Feb 17 2021 9:31PM
Kotak Mahindra Mutual Fund (MF) has launched the Kotak Nifty Next 50 Index Fund, an open-ended scheme replicating/ tracking Nifty Next 50 index. The NFO opens for subscription on February 17, 2021 and closes on February 24, 2021. The Entry load and Exit Load will be nil. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 for purchase and Re 0.01 for switches. |
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Axis Mutual Fund has filed offer document with SEBI to launch an open ended equityFeb 8 2021 7:14PM
Axis Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘Axis Multicap Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If redeemed/ switched-out within 12 months - For 10% of investment: Nil; For remaining investment:1% If redeemed/switched out after 12 months from the date of allotment: Nil .The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore. |
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PGIM India Mutual Fund (MF) has launched the PGIM India Balanced Advantage FundJan 19 2021 7:15PM
PGIM India Mutual Fund (MF) has launched the PGIM India Balanced Advantage Fund, an open-ended dynamic asset allocation fund. The NFO opens for subscription on January 15, 2021 and closes on January 29, 2021. Entry load will not be applicable for the scheme. 10% of the units allotted may be redeemed/switched-out to debt schemes without any exit load within 90 days from the date of allotment. Any redemptions/switch-outs in excess of the abovementioned limit would be subject to an exit load of 0.50%, if the units are redeemed/switched-out to debt schemes within 90 days from the date of allotment of units; Exit load will be nil if the units are redeemed/ switched-out after 90 days from the date of allotment of units; No exit load will be charged for switches and STP into any open-ended equity scheme, hybrid scheme and fund of funds scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter. |
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Kotak Mahindra Mutual Fund (MF) has launched the Kotak NASDAQ 100 FundJan 11 2021 9:44PM
Kotak Mahindra Mutual Fund (MF) has launched the Kotak NASDAQ 100 Fund of Fund, an open-ended fund of fund investing in units of overseas ETF’s and/or Index Fund based on NASDAQ 100 Index. The NFO opens for subscription on January 11, 2021 and closes on January 25, 2021. Entry load and Exit load will be nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 for purchase and Re 0.01 for switches. |
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HSBC Mutual Fund has filed offer document with SEBI to launchJan 11 2021 9:43PM
HSBC Mutual Fund has filed offer document with SEBI to launch an open ended fund named ‘HSBC Global Equity Climate Change Fund. The New Fund Offer price is Rs 10 per unit. Entry load will be Nil and Exit load for In respect of each purchase / switch-in of Units, an Exit Load of 1% is payable if Units are redeemed / switched-out within 1 year from the date of allotment; No Exit Load will be charged, if Units are redeemed / switched-out after 1 year from the date of allotment. The Scheme offers both growth and dividend Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore. |
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Axis Mutual Fund (MF) has launched Axis Special Situations FundDec 12 2020 12:27AM
Axis Mutual Fund (MF) has launched Axis Special Situations Fund, an open-ended equity scheme investing in companies based on special situations. The NFO opens for subscription on December 04, 2020, and closes on December 18, 2020. The Entry load is nil for the scheme. If redeemed/switched-out within 12 months, the exit load will be nil, for 10% of investment and 1% exit load for remaining investment. The exit load will be nil, if redeemed/switched out after 12 months from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter. |
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RETAIL FLUCTUATION OF INDIA EASES TO 4.59% IN DECEMBER ON DECREASING FOOD PRICESJan 13 2021 9:59PM
With easing prices of some food items, retail inflation of India based on the Consumer Price Index (CPI) fell sharply to 4.59 per cent in December 2020 as compared to 6.93 per cent in November 2020 and 7.35 per cent in December 2019. The December CPI data has come within the Reserve Bank of India’s (RBI) upper margin of 6 per cent. The government has mandated the central bank to keep retail inflation within the range of 4 per cent with a margin of 2 per cent on either side. |
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Minister of State for Food and Consumer Affairs has projected a fall in Indias sugarMar 4 2020 6:44PM
Minister of State for Food and Consumer Affairs has projected a fall in Indias sugar output by 18% Y-o-Y, at 27.3 million tonne (MT) for ongoing 2019-20 season compared to 33.13 in last sugar season 2018-19. According to the industry body Indian Sugar Mills Association (ISMA), the country has produced 19.48 MT of sugar till February of the marketing year 2019-20 (October-September). |
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Crude steel output of India dips by 3.2% to 9.28 MT in JanuaryMar 3 2020 7:01PM
World Steel Association (worldsteel) in its latest report has stated that crude steel output of India has dipped by 3.26% to 9.288 million tonnes (MT) in January 2020 as compared to same month last year`s 9.591 MT. Meanwhile, the overall crude steel production from 64 countries reporting to the association was at 154.4 MT in January 2020, up by 2.1 % as against January 2019. |
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Indias coal imports increase by 8.6% in NovemberFeb 12 2020 6:23PM
Indias coal imports have increased by 8.6% to 21.83 million tonnes (MT) during the month of November 2019 from a year earlier, after previous three straight months of decline. |
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Indian gems and jewelry shipments slip 8.45% in JanuaryFeb 12 2020 6:21PM
The Gem Jewellery Export Promotion Council (GJEPC) stated that Indias exports of gems and jewelry slipped 8.45% to Rs 21,146.59 crore in January 2020, as against previous year same month`s Rs 23,099.57 crore. The country`s exports during April 2019 to January 2020, witnessed a fall of 4.78% to Rs 2,16,076.06 crore as against previous year same period`s 2,26,933.91 crore. |
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Indias potato production increases 51% to 52.5 MT in over a decade: Agriculture MinisterJan 31 2020 10:14PM
Union Agriculture Minister Narendra Singh Tomar has said potato production of India increased 51% to 52.5 million tonnes (MT) in over a decade. Its production had stood at 34.7 MT in 2008. He pegged the potato output to grow about 3% annually till 2050. He added that the production of potato rose 34 times in seven decades while the area under cultivation grew by 9.3 times. |
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The Economic Survey 2019-20 has showed that India produced 64.3 million tonneJan 31 2020 10:12PM
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Indias gold imports has dipped by 6.77% to $23 billion during April-December 2019Jan 27 2020 6:34PM
Indias gold imports has dipped by 6.77% to $23 billion during April-December 2019 as against last year same period`s $24.73 billion. This has contributed to trim the countrys current account deficit (CAD) to $118 billion during the period, compared to last year`s $148.23 billion. |
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Post-Session :Indian intraday trading market ended on the Tuesday’s trade with a gain.Apr 13 2021 6:42PM
Indian intraday trading market Recouping yesterday’s losses,and ended on the Tuesday’s trade with a gain of around one and a half percentage points with Sensex and Nifty settling above their crucial 48,500 and 14,500 mark respectively. Markets started the day in green as traders took note of report that Reserve Bank of India (RBI) governor Shaktikanta Das notified bankers to remain watchful of the evolving pandemic situation and also ensure credit flow to different sectors, including to stressed sectors, small borrowers and retail. Domestic sentiments were positive, amid reports that Indians are among the most optimistic globally in terms of their expectations for a return to pre-COVID normal, with over 70 per cent expecting it to happen in less than a year. Importantly, the survey was conducted just before the COVID-19 pandemic was seen moving towards a new peak in India and some other countries. Markets extended rally in second half to end near intraday high levels, as traders took some encouragement with report that the Ministry of Finance in its latest report has showed that provisional net indirect tax collections (GST & Non-GST) for the Financial Year 2020-21 (FY21) grew more than 12% compared to actual Revenue Receipts in FY 2019-20. Traders overlooked weak macro-economic data. Industrial production declined for the second month in a row in February at a faster rate of 3.6 per cent than 0.9 per cent in the previous month. The retail price inflation rate rose to a four-month high of 5.52 per cent in March due to upward movement in core as well as food rates, barring vegetables and cereals. Positive cues from global front too provided support to local markets with European markets trading mostly in green as investors monitor key economic data and the beginning of corporate earnings season. Asian markets ended mixed on Tuesday, even after Indonesia retail sales grew in March as demand continued to improve amid favorable weather. The results of a survey by Bank Indonesia showed that retail sales rose 2.9 percent month-on-month in March, after a 2.7 percent decline in February. In January, sales fell 4.3 percent. The latest growth was due to increasing public demand amid favorable weather. Sales of other goods, clothing sub-group and culture and recreational goods increased in March. Back home, sugar stocks remained in focus as trade body AISTA said sugar mills have exported 2.49 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September, with maximum shipments to Indonesia. Steel stocks remained on buyers radar on report that steel exports touched a record high in FY21, saving the day for companies, as domestic consumption dragged due to Covid-related disruptions in the first half of the year. |