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24.05 / 10:49
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Tamil Nadu board announces school reopening date
Tamil Nadu state board schools will reopen on June 6 after summer vacation. The school education department has directed all CEOs to make arrangements for reopening of the schools. Tamil Nadu announced summer holidays for children studying in classes I to IX early this year due to Lok Sabha elections on April 19. The Directorates of School Education and Elementary Education announced the summer holidays on April 13.
24.05 / 10:49
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Adani Ports wins hot seat in Sensex as Wipro shown the door
Gautam Adani's cash cow Adani Ports and Special Economic Zone, the shares of which have nearly doubled in the last year, would soon be included in India's headline equity index Sensex.
24.05 / 10:49
24.05 / 08:05
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PI Industries shares down 0.45% as Nifty gains
PI Industries Ltd. traded 0.45 per cent down in Friday's trade at 01:02PM (IST). Around 7,240 shares changed hands on the counter. The counter opened at Rs 3660.05 and touched an intraday high and low of Rs 3682.2 and Rs 3597.2, respectively, in the session so far. The stock of PI Industries Ltd. quoted a 52-week high of Rs 4032.0 and a 52-week low of Rs 3060.0.
24.05 / 06:25
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Mphasis shares drop 0.24% as Sensex rises
MphasiS Ltd. traded 0.24 per cent lower in Friday's session at 11:46AM (IST). The stock opened at Rs 2399.85 and has touched an intraday high and low of Rs 2410.55 and Rs 2383.1, respectively, during the session so far. The stock quoted a 52-week high of Rs 2835.0 and a 52-week low of 1807.0. About 2,844 shares changed hands on the counter so far.
24.05 / 06:25
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IMF, Pakistan make significant progress on new loan, IMF mission says
International Monetary Fund (IMF) mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender said on Friday. The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3 billion programme, which helped stave off a sovereign debt default.
24.05 / 06:25
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Shree Cements shares 0.0% as Sensex climbs
Shree Cements Ltd. traded at Rs 25655.8 on BSE at 11:36AM (IST) on Friday, 0.0 per cent from previous close. The scrip quoted a 52-week low price of Rs 22601.3 and a high of Rs 30710.15.
24.05 / 04:23
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Buy PI Industries, target price Rs 4280: Motilal Oswal
PI Industries with a target price of Rs 4280. The current market price of PI Industries is Rs 3637.35. PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 55521.25 Crore) operating in Pesticides/Agro Chemicals sector.
24.05 / 04:23
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Tata Power seeks up to $1 billion loan for clean energy projects
Tata Power Co. is planning to raise as much as $1 billion-equivalent for clean energy projects, in what could be the country’s largest local currency loan this year. The unit of Tata Group, one of India’s largest conglomerates, is in talks with lenders including State Bank of India, IndusInd Bank, Axis Bank and ICICI Bank for the loan, people familiar with the matter said, asking not to be identified as the information is private. India’s largest local currency loan so for this year was Assam Bio Refinery Pvt.’s deal of $365 million in February. If Tata Power’s planned borrowing finalizes with a size anywhere near $1 billion, it would take that title.
24.05 / 04:23
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In-charge of Assam's Khelmati police station suspended after detainee dies mysteriously
death of a detainee under police custody, the in-charge (IC) of the Khelmati Police Station in Assam’s Lakhimpur district has been placed under suspension. Assam Director General of Police (DGP) GP Singh on Thursday in a post on his official X handle informed that IC Dipankar Changmai, along with an on-duty sentry at the time of the incident, has been placed under suspension.
24.05 / 04:23
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RSS chief Mohan Bhagwat arrives in Tripura on five-day visit
Rashtriya Swayamsevak Sangh (RSS) Sarsanghchalak Mohan Bhagwat arrived in Agartala on a five-day visit to Tripura. He attended a training programme for RSS cadres and karyakartas from the eight states in the northeast region. Sources said that Bhagwat would stay at the Seva Dham in Khayerpur on the outskirts of Agartala, where he attended the training programme.
24.05 / 04:23
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WB Guv Ananda Bose criticises Mamata Banerjee over Nandigram violence, directs her to submit action-taken report
West Bengal Governor CV Ananda Bose has criticised Chief Minister Mamata Banerjee over the killing of an elderly woman in Nandigram in Purba Medinipur district. Bose directed Banerjee to take immediate action and submit an action taken report to him, a source told PTI. In an official communication, Bose «cautioned» Banerjee to end what he described as a «blood bath» and ensure all necessary actions are taken within the parameters of the Model Code of Conduct (MCC). The governor expressed strong disapproval of what he termed state government-sponsored violence in Nandigram and stressed that any constitutional violations would be taken seriously, with appropriate actions to follow. The communication was sent to the state secretariat on Thursday evening.
24.05 / 01:31
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Service charge by new-age private banks, SFBs seen as reasonable
Axis Bank and Canara Bank appear to be relative stragglers in a comparative statistical study on the reasonableness of service charges, with several new-age and small-finance lenders populating the upper quartiles on this 25-strong list of financiers. IDFC First Bank, Bandhan Bank and AU Small Finance Bank are better placed on this metric, according to a study by a statistics expert from IIT Bombay.
23.05 / 20:27
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Daughter of Divi's founder shells out Rs 80 crore for two Hyderabad properties
Divi's Laboratories, one of the leading pharmaceutical companies in India, has purchased two properties worth Rs 80 crore in Hyderabad. The first property is spread over 12,000 sq ft with a built-up area of 200 sq ft. It changed hands from Srinivas Prasad, Surya Kamal Prasad and Satya Chandra Prasad for Rs 40 crore in Jubilee Hills and the second 12,000 sq ft plot from Moturi Surya Kamal Prasad for a similar amount, according to the sale deed documents shared by Zapkey. Properties across significant markets such as Mumbai, Bengaluru, Hyderabad, and Delhi-NCR that only the super-rich can afford have seen huge demand in the last two years.
23.05 / 20:27
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Bridgerton Season 3 Part 2: Will these characters from Queen Charlotte’s story be seen in the upcoming episodes?
Netflix's «Bridgerton» has delighted fans with its clever integration of characters from Julia Quinn's romance novels. With Bridgerton Season 3 set to introduce new elements, fans are eagerly anticipating the inclusion of beloved book characters, particularly the Smythe-Smiths. The Significance of Smythe-Smiths
23.05 / 19:05
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Shipping Corporation of India, NMDC Steel selloff to get fresh push after elections
disinvestment of state-run Shipping Corporation of India (SCI) and NMDC Steel will gather traction once the general election concludes in early June, a person close to the development said. The government is in the process of finalising the composition of the board of Shipping Corporation of India Land and Assets Ltd (SCILAL), created by hiving off the non-core real estate assets of SCI, to comply with regulatory requirements for the entity's listing. The Centre will invite financial bids for its entire 63.75% stake in SCI soon after the demerged entity, SCILAL, is listed. While SCILAL will remain with the government, SCI, with its core assets, will be privatised. Last year, the Maharashtra government waived off the stamp duty pertaining to the demerger of SCILAL, acceding to the Centre's request. The stamp duty, according to industry estimates, was in excess of ₹250 crore. With this, the government had crossed a key stage in its bid to get SCILAL listed. «These (privatisation of SCI and NMDC Steel) will be pursued vigorously after the election,» said the person quoted above.
23.05 / 18:53
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Moscow bets on visa-free deal to attract more Indians
travel agreement being worked out between India and Russia should boost the tourist numbers to Moscow from India by at least 30%, said Evgeny Kozlov, first deputy head of the office of the mayor and the government of Moscow, in an interview to ET. Kozlov, who is also the chairman of Moscow City Tourism Committee, said Russian federal officials are also working on a project to enable virtual cards for Indian travellers while they are in India before coming to Russia. Kozlov said the virtual cards for Indian travellers should be enabled at the end of this year.
23.05 / 18:53
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Congress raps ECI stand on data disclosure, asks why its advisory is mum on PM and HM speeches
Congress has questioned the very rationale of ECI's counter affidavit, against pleas seeking disclosure of Form 17Cs and alleged that ECI, by doing so, «is falling into the trap of BJP» to «orchestrate the demolition and destruction of the electoral democracy». Congress also dismissed ECI advisory to BJP and Congress presidents — asking them to restrain their respective star campaigners from doing divisive campaign — as «a response of fudging of delightful ambiguities and vagueness of sermonising and avoiding the real issues».
23.05 / 17:19
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Cambodia job scam: Rescued from fraudulent employers, 60 Indians return home
human trafficking racket being busted in Andhra's Visakhapatnam recently. Andhra Pradesh police said on Tuesday that around 300 Indians 'revolted' against their handlers in Cambodia on May 20, leading to most of them being arrested in the foreign country."As many as 150 youth from the port city and its vicinity have been stuck in Cambodia for a year already, where they are being coerced to carry out cyber crime and ponzi scams by Chinese handlers," police were quoted by news agency PTI as saying.Meanwhile, Visakhapatnam Police Commissioner A Ravi Shankar said many people called up Visakha city police whatsapp numbers and sent videos.
23.05 / 15:59
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ICRA Q4 Results: Net profit jumps 22% YoY to Rs 47 crore
Sequentially, the firm’s net profit registered a sharper increase, rising 45% from Rs 32.41 crore in the October-December quarter.
23.05 / 15:59
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PE/VC investments drop by 35% in April at $4.4 bn
Investments by private equity and venture capital funds declined by 35 per cent to USD 4.4 billion in April compared with USD 6.8 billion in the year-ago period, a report said on Thursday. The number of deals in April stood at 98, which was 56 per cent higher than the year-ago period, the report by EY, a consultancy firm, and industry lobby grouping IVCA said. "PE/VC investors continue to remain cautious due to global uncertainties, geopolitical tensions, and the ongoing Indian general elections," the consultancy firm's partner Vivek Soni said, adding that the activity will be subdued till the outcome of the election is decided. In April 2024, there were nine large deals of over USD 100 million, worth USD 3.1 billion, which is a 48 per cent decrease compared to the USD 6 billion across 11 deals in April 2023, the report said.
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