niftify.in

The Noida-based company's outgoing CTO Manmeet Singh Dhody has been 'transitioned' to a new role as AI (artificial intelligence) fellow of the fintech major

Business Standard

Fri, Oct 4, 2024

Investor Bhavook Tripathi on Friday trimmed its stake in R Systems International by divesting an 8.45 per cent stake to investors like Goldman Sachs, DSP Mutual Fund (MF), and Sundaram MF for Rs 465 crore through open market transactions. After the stake sale, Tripathi's holding has come down to 20.58 per cent from 29.03 per cent. However, he will remain the largest non-promoter shareholder/public shareholder of Noida-based R Systems. According to the block deal data available on the BSE, Tripathi offloaded 99,99,995 shares in eight transactions, amounting to an 8.45 per cent stake in the IT firm. The shares were sold at an average price of Rs 465.15 apiece, taking the transaction value to Rs 465.15 crore. Sundaram Mutual Fund, DSP Mutual Fund, Emerging Business Fund, Siddharth Iyer, Jagdish Naresh Master, Goldman Sachs, Dublin-based investment management firm Mediolanum International Funds and Carnelian Asset Management & Advisors were among the buyers of R Systems' shares on the

Business Standard

Fri, Oct 4, 2024

Moody's Ratings on Friday assigned Baa3 rating to Adani Green Energy Hybrid Restricted Group's USD 1.2 billion senior secured notes. Adani Green Energy Hybrid Restricted Group (RG-3) is a newly created restricted group comprising four indirect wholly-owned subsidiaries of Adani Green Energy Ltd (AGEL), Moody's said in a statement. The four subsidiaries of AGEL are Adani Hybrid Energy Jaisalmer One Limited, Adani Hybrid Energy Jaisalmer Two Limited, Adani Hybrid Energy Jaisalmer Four Limited and Adani Solar Energy Jaisalmer One Private Limited. Moody's said it "has assigned a Baa3 rating to the 20-year USD1.2 billion backed senior secured notes to be issued by RG-3." Each of the restricted subsidiaries will be an issuer for a portion of the notes, and a guarantor to the remaining notes. Proceeds from the notes will be used to refinance part of the USD 1.3 billion outstanding senior debt of RG-3's restricted subsidiaries. RG-3 intends to repay the balance of the existing debt using

Business Standard

Fri, Oct 4, 2024

Higher FPI investment room opens door for $1.8 bn passive inflows

Business Standard

Fri, Oct 4, 2024

The company expressed its interest in exploring opportunities to scale its digital infrastructure portfolio

Business Standard

Fri, Oct 4, 2024

To develop renewable projects in India and support reduction in carbon footprint

Business Standard

Fri, Oct 4, 2024

BLS International Services today announced the successful completion of its acquisition of 100% stake in Citizenship Invest (CI), a Dubai-based firm specializing in fast-track investor programs for residency and citizenship across more than 15 countries.

Business Standard

Fri, Oct 4, 2024

We are thrilled to introduce this new maize herbicide Torry Super, showcasing IIL's dedication to bring the latest technology through our R&D efforts. This innovation highlights our commitment to equipping farmers with top-tier products that boost productivity and promote sustainable farming practices. We are confident that Torry Super will help the maize farmers get good productivity. stated Rajesh Aggarwal, Managing Director of Insecticides (India).

Business Standard

Fri, Oct 4, 2024

For dealership in Patna

Business Standard

Fri, Oct 4, 2024

Realty firm Macrotech Developers on Friday reported a 21 per cent increase in sales bookings to a record Rs 4,290 crore during the July-September period on better housing demand. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, had sold properties worth Rs 3,530 crore in the year-ago period. The company has a major presence in Mumbai Metropolitan Region (MMR) and Pune. It has entered into the Bengaluru market as well. In a regulatory filing, Macrotech Developers said, "We achieved our best-ever quarterly pre-sales of Rs 42.9 billion (Rs 4,290 crore) showing growth of 21 per cent year-on-year despite the inauspicious Shradhh' period falling in September this fiscal year (vs October in FY24)." The collections of funds stood at Rs 3,070 crore in the second quarter of this fiscal year, up 11 per cent from the year-ago period. Macrotech Developers said the company has added four new land parcels in Pune and Bengaluru, having Rs 5,500 crore of reven

Business Standard

Fri, Oct 4, 2024

From India Ratings and Research

Business Standard

Fri, Oct 4, 2024

At meeting held on 04 October 2024

Business Standard

Fri, Oct 4, 2024

Koish said that procuring another aircraft from the market was 'smooth', demonstrating how efficiently such acquisitions can proceed when all parties cooperate

Business Standard

Fri, Oct 4, 2024

Rival Marico, which makes the "Parachute" coconut oils, said on Wednesday it expects Q2 consolidated revenue to grow in the high single-digit percentage range

Business Standard

Fri, Oct 4, 2024

Innmar Tourism and Hotels, incorporated in October 2003, had a turnover of Rs 24.76 crore in FY24

Business Standard

Fri, Oct 4, 2024

Gross leasing transactions of office space are estimated to rise 14 per cent this calendar year across nine major cities to record 70 million square feet on better demand from global and domestic corporates, according to CBRE. The gross leasing of office space stood at 61.6 million square feet in 2023. CBRE South Asia noted that "office leasing is likely to record a historic high of around 70 million square feet in 2024 across top 9 cities in India as per current estimates." The last highest office leasing was recorded in 2019 at 66.6 million square feet. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "India's office market leasing is projected to remain strong in 2024, with Q3 (July-September ) of 2024 reflecting sustained absorption. The demand is driven by global and domestic occupiers, who are expected to continue expanding their operations and consolidating their facilities to strengthen their market presence." GCCs (global .

Business Standard

Fri, Oct 4, 2024

Prime Minister Narendra Modi will release Rs 20,000 crore as the 18th instalment of the PM-KISAN scheme on Saturday, benefiting over 9.4 crore farmers across the country. Disbursements will be through Direct Benefit Transfer (DBT) during an event in Washim, Maharashtra, an official statement said. Maharashtra farmers will receive an additional Rs 2,000 crore under the state's Namo Shetkari Mahasanman Nidhi Yojana. With the 18th instalment, the total amount disbursed under PM-KISAN will exceed Rs 3.45 lakh crore, supporting more than 11 crore farmers nationwide. The PM-KISAN scheme, launched on February 24, 2019, provides Rs 6,000 annually to landholding farmers in three equal instalments. Maharashtra has received about Rs 32,000 crore in 17 instalments, benefiting around 1.20 crore farmers, the second highest among all states. Around 91.51 lakh farmers in Maharashtra will receive over Rs 1,900 crore in the 18th instalment. Modi will also launch an indigenous sex-sorted semen ...

Business Standard

Fri, Oct 4, 2024

Readymade garment exporters from Tamil Nadu are likely to see 8-10 per cent growth in revenue to Rs 43,000 crore in this financial year on healthy order flow amid rising demand conditions, a report said on Friday. The industry has seen signs of recovery in Tamil Nadu after two years of subdued demand and muted realisations and is expected to fare better than the national level where revenue growth is expected to be 3-5 per cent this fiscal. Operating profitability will improve 25-30 basis points (bps) on better operating leverage, marginal increase in realisations and stable yarn prices, Crisil Ratings said in a report. "Tamil Nadu readymade garment industry, which accounts for over 30 per cent of readymade garment exports from India, will see volume grow 6-7 per cent in the current fiscal. Growth will be driven by the Tirupur region, the knitwear hub of India, supported by improving demand from the US and Europe. "The government's plan to review the Production-Linked Incentive (PL

Business Standard

Fri, Oct 4, 2024

The S&P BSE Sensex tumbled 808.65 points or 0.98% to 81,688.45. The Nifty 50 index dropped 235.50 points or 0.93% to 25,014.60. The 50-unit index has fallen 4.45% in five consecutive sessions.

Business Standard

Fri, Oct 4, 2024

The Indian rupee ended on a flat note at 83.96 (provisional) against the US dollar on Friday as surging crude oil prices amid volatile geopolitics weighed on the local unit. The dollar was poised for its largest weekly gain since April and oil prices headed for weekly gains of about 9 percent sparked by fears of escalating tensions in the Middle East. Meanwhile, Indian shares fell notably on Friday to extend steep losses from the previous session as Middle East worries persisted and investors awaited the release of all-important U.S. jobs report later in the day for additional clues on the Fed's rate trajectory. The benchmark S&P/BSE Sensex ended the session down 808.65 points, or 0.98 percent, at 81,688.45 while the broader NSE Nifty index settled at 25,049.85, down 200.25 points, or 0.79 percent, from its previous close. At the interbank foreign exchange, the local unit opened at 83.96 and moved between a narrow range of 83.93 and 83.97 against the greenback. The unit failed to

Business Standard

Fri, Oct 4, 2024

Reliance Industries, HDFC Bank and State Bank of India were the top traded contracts.

Business Standard

Fri, Oct 4, 2024

The dollar hovered near a six-week high in Asian trading and gold traded near record levels while oil prices steadied, after having surged 5 percent the previous day as U.S. President Joe Biden said the U.S. was discussing possible strikes by Israel on Iran's oil industry.

Business Standard

Fri, Oct 4, 2024

As per provisional closing, the S&P BSE Sensex tumbled 808.65 points or 0.98% to 81,688.45. The Nifty 50 index dropped 235.50 points or 0.93% to 25,014.60.

Business Standard

Fri, Oct 4, 2024

Here's the complete list of stocks trading ex-date next week, along with their respective corporate announcements, and key details

Business Standard

Fri, Oct 4, 2024

Shares of Kamdhenu Ventures were locked at the 5 per cent lower circuit for the fifth straight day in Friday's intra-day trade,

Business Standard

Fri, Oct 4, 2024

UCO Bank reported 18.56% rise in total advances to Rs 1.98 lakh crore as on 30 September 2024 as against Rs 1.67 lakh crore recorded as on 30 September 2023.

Business Standard

Fri, Oct 4, 2024

By repurposing used EV batteries, the company aims to extend their lifecycle, reducing waste and supporting the growth of an eco-friendly EV ecosystem in India

Business Standard

Fri, Oct 4, 2024

Edelweiss Financial Services Ltd, Reliance Infrastructure Ltd, Mahindra & Mahindra Financial Services Ltd and Chambal Fertilisers & Chemicals Ltd are among the other losers in the BSE's 'A' group today, 04 October 2024.

Business Standard

Fri, Oct 4, 2024

EU competition enforcer said the deal, which had aimed to tackle over-capacity and other challenges in the steel industry, could result in price hikes

Business Standard

Fri, Oct 4, 2024

Zee Entertainment Enterprises, co-producer of Kangana Ranaut's Emergency' film, on Friday told the Bombay High Court it has agreed to the cuts suggested by the censor board. Senior counsel Sharan Jagtiani, who represented Zee, said the necessary cuts would be made and the film would be submitted to the Central Board of Film Certification (CBFC) for issuance of its certificate. Senior counsel Abhinav Chandrachud, appearing for the CBFC, said once the film is submitted after the cuts, the same would be verified and a certificate would be issued in two weeks. A division bench of Justices B P Colabawalla and Firdosh Pooniwalla accepted the statements and disposed of the petition filed by Zee Entertainment. The court said it would pass a detailed order later. We have worked it out, Jagtiani told the court. The movie, initially slated for a September 6 release, has been embroiled in a battle with the censor board for non-issuance of the CBFC certificate. Last week, the CBFC told HC th

Business Standard

Fri, Oct 4, 2024

NDR Auto Components Ltd, Dhunseri Tea & Industries Ltd, Malu Paper Mills Ltd and Baazar Style Retail Ltd are among the other losers in the BSE's 'B' group today, 04 October 2024.

Business Standard

Fri, Oct 4, 2024

Indian Paper Manufacturer Association has requested for imposition of anti-dumping duty on the imports from China and Chile

Business Standard

Fri, Oct 4, 2024

Garden Reach Shipbuilders & Engineers (GRSE) said that it has received two letters of acceptance worth Rs 226.18 crore from Transport Department, Government of West Bengal for design, build, operation and maintenance of hybrid electric ferries.

Business Standard

Fri, Oct 4, 2024

At meeting held on 04 October 2024

Business Standard

Fri, Oct 4, 2024

At 14:30 IST, the barometer index, the S&P BSE Sensex tumbled 661.91 points or 0.80% to 81,840.85. The Nifty 50 index dropped 218.45 points or 0.87% to 25,037.70.

Business Standard

Fri, Oct 4, 2024

Avenue Supermarts Ltd clocked volume of 26.06 lakh shares by 14:14 IST on NSE, a 5.3 times surge over two-week average daily volume of 4.92 lakh shares

Business Standard

Fri, Oct 4, 2024

Indoco Remedies (Indoco) announced the receipt of final approval from the USFDA for Abbreviated New Drug Application (ANDA) for Cetirizine Hydrochloride Tablets USP, 10 mg (OTC), a generic equivalent of the Reference Listed Drug, Zyrtec Allergy Tablets, 10 mg of Johnson & Johnson Consumer Inc.

Business Standard

Fri, Oct 4, 2024

The government will soon invite bids for 10 gigawatt of battery energy storage projects, an official said on Friday. The move will strengthen India's position in the energy storage segment, which is in a developing stage. Vijay Mittal, Joint Secretary, Ministry of Heavy Industries, said, "The ministry will soon come out with a 10 gigawatt RFP (request for proposal) for those who are working on the energy storage part of it for grid-scale energy storage systems...so that we have...indigenous capability for manufacturing of battery energy storage system compatible with advanced chemistry cells." The official was addressing the 'Summit on Lithium-Ion Batteries', organised by industry body India Energy Storage Alliance (IESA), virtually. The ministry is leading the mission of indigenous manufacturing of chemistry cells in the country as part of electric vehicle (EV) initiative. The goal is to achieve net zero by 2070 and reduce the need for imports of internal combustion engine (ICE) .

Business Standard

Fri, Oct 4, 2024

Sahaj Solar stock surged 6.63 per cent at Rs 638.95 per share on the NSE in the intraday trade of Friday

Business Standard

Fri, Oct 4, 2024

In one month, ONGC (down 6%) and Oil India (down 17%) have underperformed the Sensex, which down less than 1% as the lower crude price momentum has led to correction in state-owned upstream companies.

Business Standard

Fri, Oct 4, 2024