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Cricket legend Virender Sehwag's brand 'VS by Sehwag' gets into e-commerce

The brand is set to acquire 5 mn customers across India in 5 years; is looking to achieve Rs 100 cr revenue via Omni-channel retail, over next 3 years

3 Aug 2021 5:47 pm
China Market falls on coronavirus cases concerns

At closing bell, the benchmark Shanghai Composite Index declined 0.47%, or 16.29 points, to 3,447.99. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 0.53%, or 12.95 points, to 2,423.97. The blue-chip CSI300 index edged up 0.01%, or 0.72 point, to 4,934.46.

3 Aug 2021 5:39 pm
Shot putter Toor fails to qualify for final, performance below-par at games

Asian record holder shot putter Tajinder Pal Singh Toor's Olympic campaign ended miserably as he failed to qualify for the final after finishing 13th in the qualification group A here on Tuesday.

3 Aug 2021 5:37 pm
Focus on rollout of flex-fuel vehicles in a year: Gadkari to automakers

Gadkari also appealed to vehicle manufacturers to compulsorily provide a minimum of six airbags across all variants and segments of a vehicle.

3 Aug 2021 5:28 pm
Hindustan Paper Corp under liquidation on directions of NCLT, NCLAT: Govt

In a written reply, MoS Krishan Pal Gurjar said that Cachar Paper Mill, Panchgram and Nagaon Paper Mill, Jagiroad are mills of HPC in Assam and are presently non-operational.

3 Aug 2021 5:28 pm
Nifty closes above 16,100 for the first time; broader market lags

The barometer index, the S&P BSE Sensex, surged 872.73 points or 1.65% at 53,823.36. The Nifty 50 index jumped 245.6 points or 1.55% to 16,130.75. The S&P BSE Sensex scaled a new all-time high of 53,887.98.

3 Aug 2021 5:26 pm
ESG integration in business will help create long-term value: EY India

The covid-19 pandemic has been instrumental in reinforcing the importance of ESG framework as a key approach to long-term business resilience, says the EY report

3 Aug 2021 5:24 pm
Covid: India's 'R' number more than 1 in eight states, says govt

A number of one or below one indicates a slowly spreading virus while any number above 1 indicates a rapid spread

3 Aug 2021 5:21 pm
Finance Panel for appointing HC judges as NCLT members to reduce litigation

Bank funds worth Rs 9.2 trillion struck in NCLT; committee wants benchmark on quantum of haircuts as in many cases, they are as high as 95%

3 Aug 2021 5:21 pm
Indiamart Intermesh arm acquires 26.23% stake in Agillos e-com for Rs 26 cr

The investment shall be in line with the Indiamart Group's long-term objective of offering various Software as a Service (SaaS) based solutions for businesses

3 Aug 2021 5:14 pm
Dabur posts 28% rise in Q1 profit for Rs 438.30 cr on healthy sales growth

The company had posted a net profit of Rs 341.30 crore in the April-June quarter a year ago, Dabur India said in a BSE filing.

3 Aug 2021 5:07 pm
IOB's Q1 net up 170% to Rs 327 cr on better recoveries, lower provisions

Total income during the first quarter of 2021-22 was seen at Rs 5,155 crore, down marginally by 1.5% from Rs 5,234 crore a year ago

3 Aug 2021 5:05 pm
NBFCs sector will see 50-100 bps increase in 90+dpd in FY22: Icra

But the stress will subside subsequently as collection efficiencies improve and restructuring picks up, says rating agency

3 Aug 2021 5:03 pm
Maharashtra govt sanctions Rs 11,500 crore for flood victims, repair works

Government said apart from providing immediate relief, a part of Rs 11,500 crore package will be spent on repair works and taking some long-term measures to address issues related to flood prevention

3 Aug 2021 5:03 pm
Market Wrap Podcast, August 3: All that happened in the markets today

Among Sensex stocks, Titan, HDFC, Nestle India and IndusInd Bank were the best performers. Bajaj Auto, Tata Steel and NTPC were the worst

3 Aug 2021 5:02 pm
Jindal Global Law School appoints Ambassador Venu Rajamony as Professor

Sonipat (Haryana) [India] August 3 (ANI/OP Jindal University): Demonstrating its commitment to institutional excellence, O.P. Jindal Global University (JGU) brings yet another eminent personality to its academic community.

3 Aug 2021 5:00 pm
MSI launches complete line-up of laptops with NVIDIAR GeForce RTXT 30 graphics

New Delhi [India], August 3 (ANI/PRNewswire): MSI, a leading gaming brand launches complete line-up of laptops equipped with 11th Gen Intel H series processors up to NVIDIA GeForce RTX 30 graphics.

3 Aug 2021 5:00 pm
AI-Based BoxSoccer training and app launched for Football enthusiasts / players

New Delhi [India], August 3 (ANI/ThePRTree): Box Soccer a complete technical development Program that comes in a BOX was launched at AB Plaza, Vasant Kunj, New Delhi by Adil Rai, Founder BoxSoccer.

3 Aug 2021 5:00 pm
Swastik Interchem Pvt Ltd to expand chemical manufacturing capacity

New Delhi [India], August 3 (ANI/PNN): New Delhi-based chemical manufacturer and importer Swastik Interchem Pvt Ltd. (SIPL) is set to enter the big league.

3 Aug 2021 5:00 pm
TransformX expands into fitness industry with its recently launched online platform

New Delhi [India], August 3 (ANI/ThePRTree): Fitness brand TransformX has recently launched its online platform, catering to the ever-growing need for fitness experts and enthusiasts.

3 Aug 2021 5:00 pm
NBEMS to start a course in Bariatric Surgery Procedures

New Delhi [India], August 3 (ANI/ThePRTree): The National Board of Examinations in Medical Science (NBEMS) has decided to incorporate bariatric surgery procedures (weight loss surgery procedure) as a part of their curriculum.

3 Aug 2021 5:00 pm
Nureca, a leading medical device and wellness company Q1FY22 operating revenue grows 4x to INR 1,195 mn (YoY)

Mumbai (Maharashtra) [India], August 3 (ANI/PRNewswire): Nureca Ltd., leading healthcare and wellness company in India, announced financial results for the first quarter ended June 30th, 2021.

3 Aug 2021 5:00 pm
Agri-tech firm Krishify raises $2.7 mn from investors for expansion of biz

In a pre-Series A funding round, the company has raised funds led by Omidyar Network India, Ankur Capital, and existing investor Orios Ventures.

3 Aug 2021 5:00 pm
PepsiCo to sell Tropicana, other juices, to PE firm in $3.3 bn deal

PepsiCo will have a 39% non-controlling stake in a newly formed joint venture in the deal with PAI Partners.

3 Aug 2021 5:00 pm
StackBox raises $1.2mn funding from Ecosystem Ventures, others

With the fresh funding, the company plans to set up more fulfillment centres to service customers in different geographies and tech development.

3 Aug 2021 5:00 pm
Japan Nikkei falls on profit booking

At closing bell, the 225-issue Nikkei Stock Average declined 139.19 points, or 0.5%, to 27,641.83. The broader Topix index of all First Section issues on the Tokyo Stock Exchange dropped 8.91 points, or 0.46%, to 1,931.14.

3 Aug 2021 4:38 pm
Godrej Properties posts Rs 17 cr profit in Q1; sales bookings down 68%

Total income rose to Rs 261.99 crore in the first quarter of this fiscal from Rs 195.66 crore in the corresponding period of the previous year.

3 Aug 2021 4:33 pm
Airtel Q1 net profit more than halves to Rs 283 cr; ARPU at Rs 146

Revenue of the Sunil Mittal-led telco rose 4.2 per cent on a sequential basis to Rs 26,853 crore in June quarter

3 Aug 2021 4:31 pm
No recommendation made so far on mixing Covid vaccines, govt to Rajya Sabha

There is no specific recommendation from the World Health Organization presently on mix and match of vaccines, the minister added.

3 Aug 2021 4:29 pm
3 Aug 2021 4:27 pm
Fixing floor prices critical amid financial stress in telecom: COAI

The association said floor prices need to be fixed for data only for an interim period, say two years, and that voice calls and tariffs can be excluded from this.

3 Aug 2021 4:24 pm
Sterlite Technologies collaborates with Facebook Connectivity

To design 4G and 5G radio products for adoption of Open RAN technology

3 Aug 2021 4:24 pm
India's peak power demand hits new record of 200570 MW in July

The country witnessed the highest ever demand for power at 12:01 hours on July 7, 2021.

3 Aug 2021 4:21 pm
Rajya Sabha adjourned for day, passes Insolvency and Bankruptcy Code Bill

Rajya Sabha was adjourned on Tuesday amid continuous protest by opposition parties over their demand for a discussion on the use of Pegasus spyware, farmers' agitation and other issues

3 Aug 2021 4:14 pm
Oil rises as markets expect continuous fall of inventories

Oil rose on expectation of a continuous decline in US oil inventories, recouping some losses from the previous session due to concern over rising cases of Delta Covid variant.

3 Aug 2021 4:08 pm
Adani Ports Q1 net profit jumps 77% to Rs 1,342 cr; total income rises 80%

The country's largest integrated logistics player had clocked a consolidated net profit of Rs 757.83 cr in the corresponding period a year earlier

3 Aug 2021 4:06 pm
This derivatives trader chose financial education over brokerage business

The man who hates seeing people losing money started Kredent InfoEdge, whose two platforms offer video courses on investing and a base for learners to dive into stock fundamentals and technicals

3 Aug 2021 3:59 pm
Govt has no proposal under consideration for creating new states: MoS Home

Centre has no proposal under its consideration for bifurcation of any state even though demands are received from various individuals, organisations, Union Minister Nityanand Rai said.

3 Aug 2021 3:58 pm
Honda2Wheelers India's July sequential sales up by 66%

Two-wheeler major Honda Motorcycle & Scooter India (Honda2Wheelers India) on Tuesday reported a sequential overall sales growth of 66 per cent in July 2021.

3 Aug 2021 3:57 pm
Greater operational, financial autonomy for state-owned discoms: Niti Aayog

Niti Aayog has pitched for greater operational, financial autonomy for state-owned discoms, saying for a state-owned utility to succeed, there should be a clear separation between utility and state.

3 Aug 2021 3:53 pm
Need to devise new formula for states' borrowings: SBI Economists

States are increasingly borrowing higher by making ambitious GSDP projections and hence, there is a need for a new formula to define the loan caps, economists at largest lender SBI said on Tuesday.

3 Aug 2021 3:52 pm
Focus on capital formation is the best way to create employment: L&T CEO

In a Q&A, S N Subrahmanyan says he is confident of margins through overhead recovery despite high input costs

3 Aug 2021 3:46 pm
US gymnast Simone Biles wins bronze in beam final on Olympic return

Simone Biles has won a bronze medal in balance beam, her first of the Tokyo Olympics. The American gymnastics star finished behind gold medalist Guan Chenchen and silver medalist Tang Xijing both of China. A week after taking herself out of several competitions to focus on her mental health, Biles drilled a slightly altered routine on Tuesday. Biles, using a routine that ended with a double-pike dismount no twisting required posted a score of 14.000. That was good enough for second after four co

3 Aug 2021 3:44 pm
No error of judgment in PNB Housing-Carlyle deal: PNB MD Mallikarjuna Rao

Subsequent rise in share prices of the mortgage lender post the announcement could not have been anticipated, he asserts

3 Aug 2021 3:39 pm
Sensex soars 873 points, Nifty ends above 16,100; Titan jumps 4%

As per the provisional closing data, the barometer index, the S&P BSE Sensex, surged 872.73 points or 1.65% at 53,823.92. The Nifty 50 index jumped 245.6 points or 1.55% to 16,130.90. The S&P BSE Sensex scaled a new all-time high of 53,887.98.

3 Aug 2021 3:36 pm
Adani Ports gains after stellar Q1 performance

Adani Ports and Special Economic Zone added 2.16% to Rs 707 after the company reported 77% jump in consolidated net profit to Rs 1,342 crore on a 99% increase in consolidated revenue to Rs 4,557 crore in Q1 FY22 over Q1 FY21.

3 Aug 2021 3:29 pm
PM to invite Olympic contingent to Red Fort as special guests on Aug 15

Prime Minister Narendra Modi will invite India's Olympic contingent to the Red Fort as special guests on August 15 when he will deliver his eighth straight independence day speech.

3 Aug 2021 3:27 pm
Inefficient ration systems since Independence didn't fully benefit poor: PM

The scope and budget of cheap ration schemes rose since Independence but effect it should have had on poor remained limited due to ineffective delivery systems, selfish elements, PM Modi said.

3 Aug 2021 3:22 pm
Delhi govt approves salary hike recommended by Centre for MLAs

Delhi MLAs will now get Rs 90,000 per month as salary and allowances with the Arvind Kejriwal government approving a hike cap recommended by the Centre on Tuesday. Earlier, each MLA was getting Rs 53,000, including Rs 12,000 as salary and the remaining amount as allowances, the government said in a statement. With this hike, each legislator will get Rs 30,000 as salary and allowances totalling Rs 60,000, it said. Despite the hike, Delhi MLAs will continue to be among the lowest-paid legislators

3 Aug 2021 3:17 pm
Govt raises TMC MP's 'papri chat' remark in Rajya Sabha

The government on Tuesday raised the issue of comments made by opposition MP as Rajya Sabha was adjourned twice till 12 noon and then till 2 p.m.

3 Aug 2021 3:16 pm