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Covid 19 Pandemic: Each ESIC health center has been asked to work with a minimum of 20 percent of its bed capacity reserved for ESI beneficiaries ... ESIC provides free treatment to beneficiaries affected by Covid-19Extending an assisting hand to its recipients, who have actually been afflicted by the Corona virus infection, the Employees' State Insurance Coverage Corporation (ESIC) on Thursday announced that all guaranteed individuals and relative are liable for availing complimentary treatment in any of its health centers, which have actually been stated as committed Covid centres.Each ESIC health center has been directed to work with a minimum of 20 percent of its bed capability scheduled for ESI staff, pensioners and recipients, according to Labour Ministry sources.ESI beneficiaries can also look for emergency or non-emergency medical treatment from a tie-up healthcare facility directly without referral letter, based on the person's entitlement.In case the beneficiary or a member of the family on being contaminated with COVID-19 takes treatment in any private institution, then the compensation of expenditure can also be claimed.Currently 21 ESIC medical facilities run directly by ESIC with 3,676 COVID seclusion beds, 229 ICU beds and 163 ventilator beds, as well as 26 ESI plan health centers run by state governments having 2,023 beds are functioning as COVID-19 devoted hospitals.The corporation has in addition to this, revealed a multitude of steps for its recipients, under which, in case the guaranteed individual avoid deal with being contaminated with the deadly infection, then she or he can declare sickness advantage for the period of abstention based on entitlement. Sickness advantage is paid at 70 per cent of typical day-to-day earnings for 91 days.Similarly if any insured person ends up being jobless, then that beneficiary may obtain relief under Atal Beemit Vyakti Kalyan Yojana(ABVKY) under 50 per cent of typical each day earning for an optimum 90 days. For availing this relief, the guaranteed person can submit the claim online at the corporation's website. The ESIC has actually even more announced that if a guaranteed individual becomes out of work owing to retrenchment or closure of establishment, then that individual can declare unemployment allowance for a period of two years based on qualifying conditions under Rajiv Gandhi Shramik Kalyan Yojana (RGSKY)In case of a beneficiary's death, then funeral service expenditures of Rs 15,000 would be paid to the oldest surviving member of the family.Plasma therapy which has shown promising results to save the lives of serious COVID-19 patients, is also offered in ESIC Medical College - Health Center, Faridabad (Haryana) and ESIC Medical College - Health Center, Sanath Nagar (Telangana), the statement said.
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Hindustan Unilever reported a 41 per cent dive in net earnings at Rs 2,143 crore in the quarter ended March 2021, compared to Rs 1,519 crore in the very same quarter last year ...
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Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic system opened at 74.49 versus the American currency and signed up an intra-day high of 74.29 ... Rupee Vs Dollar Today: The rupee settled at 74.36 against the dollarThe rupee gained 30 paise against the United States dollar on Wednesday, April 28, to settle at 74.36 (provisional), extending its gains for the third straight session tracking a strong rally today in domestic equities. At the interbank foreign exchange market, the domestic unit opened at 74.49 against the American currency and signed up an intra-day high of 74.29. It witnessed a low of 74.50. In an early trade session, the regional unit got 21 paise to 74.45 versus the greenback. The rupee closed at 74.36 against the dollar, taping a gain of 30 paise over its previous closing.On Tuesday, April 27, the regional unit settled at 74.66 versus the dollar. Today, the rupee registered its third straight session of gain, appreciating by 65 paise. The dollar index, which assesses the greenback's strength versus a basket of 6 currencies, climbed 0.14 per cent to 91.03. It is an eventful day, with Fed policy and Biden's session of Congress. Ahead of both these events, dollar index is showing tentative indications of recuperating, nevertheless, FII inflows into local stocks are weighing on USDINR spot, said Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services. Technically, USDINR spot has actually formed a descending channel, and if tonight's Fed message isn't as hawkish as the market is anticipating then we might see a further drop in area. 74.25 is the instant support, until the area stays afloat we might see prices moving towards 75 zone amid an extreme covid scenario, he added. The rupee's rapid devaluation from 73 to 75 has actually slowed, decreasing the need for RBI intervention in the market. The economic scenario has actually degraded, at least in the short-term, as the covid-19 cases have affected employment and advancement. In these conditions, the Reserve bank will accept any gradual weakening of the rupee prior to it reaches the 75.50 mark, stated Kshitij Purohit, Lead International - Products at CapitalVia Global Research Limited.On the domestic equity market front, the BSE Sensex ended 789.70 points or 1.61 per cent greater at 49,733.84, while the more comprehensive NSE Nifty climbed 211.50 points or 1.44 percent to 14,864.55. What experts say Market sentiment has been increased by a set of strong results and continuing strong momentum in international markets, which has actually over-shadowed issues over financial activity occurring from restored lockdowns and the 2nd wave of COVID-19 infections, stated Mr. S Hariharan, Head - Sales Trading, Emkay Global Financial Solutions Metals and banking sectors in specific have actually seen restored long open interest build-up, while IT sector has lagged in a case of rotation of positioning. Mid-cap out-performance, which is a style that has actually been in play for the last 6 months, continues to play out. Barring any more extensive impact of covid infections and resultant lockdowns in tier-2 and tier-3 cities, Nifty can be expected to trade towards its life high in May, added Mr Hariharan. The benchmark indices extended gains following an excellent intraday rally with the Nifty/ Sensex closing 211/ 789 points higher. Today, the market opened on a strong note and maintained the strong momentum throughout the day following robust buying in banking and monetary stocks, said Shrikant Chouhan, Executive Vice President, Equity Technical Research Study at Kotak Securities. After a long time the index handled to closed above 50 day SMA mark which is broadly favorable for the marketplace. However, intraday chart recommend, market is overstretch and it might take a momentary pause near 14925/ 50100 levels. We are of the view that, the larger texture of the marketplace is positive and ideal method must be to buy on dips instead of chasing Nifty at higher levels, he added.According to the exchange data, the foreign institutional investors were net sellers in the capital market on April 27 as they offered shares worth Rs 1,454.75 crore. Brent crude futures, the worldwide oil benchmark, increased 0.18 per cent to $ 66.54 per barrel.
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Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 74.20 versus the dollar and registered an intra-day high of 73.94 ...
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ONGC Videsh consortium has actually put its liquified gas (LNG) project in Mozambique on hold due to force majeure ... ONGC Videsh consortium has actually put its LNG job in Mozambique on holdState-owned ONGC Videsh consortium has actually put its liquified gas (LNG) job in Mozambique on hold due to require majeure, occurring out of the intensifying security situation in that nation. Considering the development of the security situation in the north of the Cabo Delgado province in Mozambique, the Location 1 Operator Overall E-P Mozambique Location 1 Limitada informed the withdrawal of all Mozambique LNG job workers from the Afungi website. This scenario leads Total E-P Mozambique Area 1 Limitada, as operator of Mozambique LNG task, to declare force majeure, ONGC stated in a statement.ONGC Videsh, which is the abroad arm of the Maharatna oil explorer ONGC, holds 16 percent getting involved interest in the Area 1 concession through its subsidiaries ONGC Videsh Rovuma (OVRL) and Beas Rovuma Energy Mozambique (BREML). Earlier ONGC had said that it will welcome foreign partners to check out the blocks that the business has been allotted under Category-II and Category-III basins. ONGC is also looking into tactical relationships and close alliances with essential global players through ONGC Videsh, the company stated in a declaration. Intent is to invite foreign involvements to explore Category-II and Category-III basins which match size and scale of expectations and portfolio of these large players' it included further.
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SBI: The bonds will be issued in single or numerous tranches up to US$ 2 billion, through a public deal and personal placement route ...
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Bajaj Auto New Chairman: Mr Rahul Bajaj tendered his resignation as non-executive Director and Chairman of the company, said Bajaj Vehicle. He had been director of the business because 1970 ... Mr Rahul Bajaj's appointment as non-executive chairman entered effect from April 1HighlightsMr Rahul Bajaj has been the director of the company since April 1, 1970 Mr Niraj Bajaj will change him as Chairman, with result from May 1 Bajaj Vehicle reported a net revenue of 1,551.28 crore in March quarterBajaj Automobile chairman Mr Rahul Bajaj resigned from the executive role on Thursday, April 29. Mr Niraj Bajaj, Nonexecutive Director of the Company will be designated as the Chairman of Bajaj Auto, with impact from May 1, 2021, changing Mr Rahul Bajaj. According to a regulative filing by the automobile major to the BSE today, Mr Rahul Bajaj, considering his age, tendered his resignation as non-executive Director and Chairman of the company. Mr Rahul Bajaj's visit as non-executive chairman entered impact from April 1, 2021, and has now stepped down from the function at the end of the present term. (Likewise Read: Bajaj Vehicle Chairman Rahul Bajaj To Step Down From Executive Role ) Shri Rahul Bajaj, Non-executive Chairman of the Business, having been at the helm of the Business given that 1972 and the Group for five years, considering his age, has actually tendered his resignation as non-executive director and Chairman of the Business with result from close of business hours on 30 April 2021, stated Bajaj Automobile in its statement today. Mr Rahul Bajaj has been a director of the company because April 1, 1970, according to Bajaj Car. He was last reappointed by the board of the business for a five-year term beginning April 1, 2015. Bajaj Automobile said that Mr Rahul Bajaj has actually made a huge contribution to the business's growth over the last 5 decades. Considering his rich experience, and in the interest of the business's advantage to derive from his knowledge, the Board of Directors authorized the visit of Mr Rahul Bajaj as Chairman Emeritus of the Company for a term of 5 years with effect from May 1, 2021. This will be used up at the upcoming annual conference for the approval of shareholders. (Likewise Read: Bajaj Car Revenue Increases 15% To 1,551 Crore In March Quarter; Shares Decrease )Bajaj Car reported a consolidated net earnings of Rs 1,551.28 crore in the January-March quarter of the fiscal year 2020-21, marking a 14.57 percent boost from Rs 1,353.99 crore in the matching quarter in 2015. The business's overall profits from operations leapt 26 percent to Rs 8,596.10 crore. On Thursday, Bajaj Vehicle shares settled 1.44 percent lower at Rs 3,834.25 each on the BSE.
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Hindustan Unilever's revenue from sale of products increased 34 per cent to Rs 11,947 crore from Rs 8,885 crore in the March quarter of last year ... Hindustan Unilever shares increased as much as 1%. The nation's leading quick moving consumer goods maker - Hindustan Unilever - on Thursday, April 29, reported net profit of Rs 2,143 crore in quarter ended March 2021, marking an increase of 41 per cent from Rs 1,519 crore in the exact same quarter in 2015. Hindustan Unilever's earnings from sale of items increased 34 percent to Rs 11,947 crore from Rs 8,885 crore in the March quarter of last year. (Track Hindustan Unilever stock price here)Domestic customer development was at 21 per cent with underlying volume growth of 16 percent, Hindustan Unilever said in a press release.Overall service grew in double-digits for the 3rd successive quarter, while discretionary and out-of-home categories improved sequentially, Hindustan Unilever said.Home care sector growth came in at 15 percent and was made it possible for by a strong healing in fabric wash. Family Care continued its strong efficiency delivering double-digit growth. Liquids and material sensations continue to exceed benefitting from robust market advancement initiatives.Beauty and personal care grew 20 percent with skin cleaning, hair care and oral care delivering high double-digit developments. Skin cleaning performance was led by 'Lifebuoy' and exceptional sector. An adjusted approach towards cost boost has actually assisted protect our company model even as vegetable oils continue to pump up at record levels, Hindustan Unilever added.Foods - Beverage delivered another quarter of strong performance and grew at 36 percent. All our tea brands continue to grow in high double-digits. Catsups, soups and ice creams likewise performed well with double-digit growths. Ice creams recovery in the quarter was helped by numerous product developments. Nutrition volumes grew in double digits and we launched Rs 2 sachets in Horlicks and Boost. Our goal stays to drive penetration in this category, Hindustan Unilever said.Operating profit margin or EBITDA margin can be found in at 25 per cent. We continue to invest behind our brand names and portfolio, and in future-fit capabilities. Our focused actions on net income management and savings have actually allowed us to manage inflationary pressures and deliver a healthy bottom-line performance Our in-quarter efficiency was strong on both the top-line and bottom-line. Regardless of difficult times, in FY '21 our business environment has actually stood up to the interruption and demonstrated agility and strength across the value chain. We have actually provided on our multi stakeholder service design. Our purpose-led brands and capabilities were even more strengthened during the year and this positions us well to serve our consumers during this turbulent duration. Our focus firmly remains behind providing volume led competitive development, Sanjiv Mehta, chairman and handling director stated in a statement.As of 1:49 pm, Hindustan Unilever shares traded 0.57 percent greater at Rs 2,421, in-line with the Sensex which was up 0.4 percent.
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The markets have rebounded more than 3 percent so far today as financiers have apparently turned their attention to the March-quarter profits season ...
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Shares in the maker of Dove soap and Ben and Jerry's ice cream climbed as much as four per cent on Thursday, after it joined rivals such as Nestle and Procter - Gamble in reporting strong sales of......
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The indexes are set for a fourth straight session of gains, their longest streak since early-February, even as verified COVID-19 cases in India rose above 18 million with a record increase in infections... Sensex, Nifty Updates: The indexes are set for a fourth straight session of gainsSensex, Nifty shares acquired in volatile trade on Thursday, ahead of the regular monthly expiration of acquired agreements, as investors looked past rising COVID-19 cases in the house and concentrated on revenues reports from blue-chip business. The NSE Nifty 50 index was up 0.34 per cent at 14,914.35 by 1:15 pm, while the benchmark S-P BSE Sensex got 0.29 per cent to 49,877.19, after earlier increasing more than one percent each to their highest because mid-March. The indexes are set for a fourth straight session of gains, their longest streak considering that early-February, even as validated COVID-19 cases in India rose above 18 million with a record increase in infections and deaths over the last 24 hours. While it is a humanitarian crisis, there is no material hit to evaluations and business profitability from the surge in cases. Investors have actually found out to look through the scenario after the needless panic early in 2015 during the first wave, stated Saurabh Mukherjea, founder of Marcellus Financial investment Managers. Investors are now looking ahead to post-COVID-19 recovery. Economies throughout the world are roaring back to life and the expectation is that India will follow the same trend. Reliance Industries, India's biggest business by market value, rose as much as 2.4 per cent to a three-week high, improving the benchmark indexes.The Financial Times reported on Wednesday that Saudi Aramco has actually held talks with Reliance about a cash-and-share deal for a stake in its refining and petrochemicals arm. The Nifty Bank index lost early gains of 1.7 percent to trade partially lower, with ICICI Bank reversing course to fall as much as 2 per cent.Benchmark Nifty 50 components Bajaj Vehicle, Hindustan Unilever, and Titan Business are slated to report results later in the day. Asian shares were likewise greater after the U.S. Federal Reserve's remarks and President Joe Biden's stimulus package plan.
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Maruti Suzuki advanced its annual maintenance shutdown to May 1 through May 9 from earlier plan of June, the country's largest car maker said....
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Covid-19 Pandemic: NTPC has actually updated thecapacity of all its sevenhospitals which are being used for treating the virusinfected workers ... NTPC has actually updated its 7 medical facilities dealing with Covid patientsAmid latest thing Corona virus pandemic, National Thermal Power Corporation (NTPC) has updated the capacity of all its seven healthcare facilities which are being used for treating the virus contaminated workers. The Maharatna business has likewise tied up with Apollo Health Center for its KAWACH center which has actually brought tremendous relief to the COVID contaminated patients considering that now they are getting better treatment even remaining in house isolation, a statement released by the power production business said.NTPC Medical Cell is continuously in touch with super-specialty medical facilities throughout India and is doing its best to make it possible for admission and care to crucial patients amidst the present crisis. NTPC stations and job sites are extending assistance on a case to case basis by supplying airlift on priority for crucial cases, the declaration said.A devoted COVID-19 helpline number for both present and retired employees and also for their households to offer them info on screening centres and possible treatment centres in government and NTPC-empanelled hospitals.NTPC is making its staff members utilize the e-Paramparsh application for telemedicine so that they can avoid going to hospitals and secure themselves from getting exposed to COVID.Vaccination drives are being arranged by respective websites so that all the qualified staff members and their family members get vaccinated.NTPC has actually also teamed up with AIIMs, with senior doctors from the leading hospital imparting education to its staff about different realities of COVID-19. All NTPC employees have actually likewise been informed about taking aid from their 24x7 control room which has been made functional to coordinate with all the physicians and chief medical officers for managing the shortage of medicines.
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Shares of the Chandigarh-based wheel rim maker - Steel Strips Wheels Limited (SSWL) - gotten as much as 3.53 per cent to hit an intraday high of Rs 717.90 ... Shares of the Chandigarh-based wheel rim maker - Steel Strips Wheels Limited (SSWL) - acquired as much as 3.53 per cent to hit an intraday high of Rs 717.90 on the BSE after it reported exchanges that it has actually won an order worth Rs 25 crore from United States and Europe for 170,000 wheels. SSWL confirms export orders of over 170,000 wheels for United States and EU caravan trailer market; United States mobile house and United States truck trailer market, Steel Strips Wheels said in a stock market filing.Steel Strips Wheels will finish execution of these orders by July 21 from its Chennai and Dappar plants, the Chandigarh-based wheel maker said.Orders of comparable capability are anticipated in coming months from similar customer base as companies continue to recover quickly, SSWL added.In a separate development, Steel Strips Wheels will board is scheduled to be hung on May 7, 2021 to consider and approve the monetary outcomes of the company for the quarter and year ended March 31, 2021 and to recommend dividend if any, SSWL informed exchanges.As of 12:53 pm, Steel Strips Wheels Limited shares traded 2.3 per cent higher at Rs 709, outperforming the Sensex which was up 0.43 per cent.
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PNB Real Estate Financing Share Rate: On Wednesday, PNB Real estate Financing opened on the BSE at Rs 375.20, touching an intra day high of Rs 385.45 and an intra day low of Rs 371.50, in the session so far ... PNB Real estate Financing was last trading 0.03 percent greater at Rs 377 on the BSE.Share rate of PNB Real estate Financing got around one percent on Wednesday, April 28, a day after the business reported a net profit of Rs 127 crore in the January-March quarter of the financial year 2020-21. On Wednesday, PNB Real estate Financing opened on the BSE at Rs 375.20, touching an intra day high of Rs 385.45 and an intra day low of Rs 371.50, in the trading session so far. According to a declaration shared by the firm, ONB Housing Financing reported a combined net revenue of Rs 127 crore in the March quarter, compared to Rs 242 crore in the corresponding duration of the previous fiscal.On a sequential basis, the profit came below Rs 232 crore in the 3rd quarter of the fiscal year 2020-21. The overall income during the fourth quarter of fiscal 2020-21 stood at Rs 1,834 crore, compared to Rs 1,952 crore in the matching period of the previous fiscal.PNB Real estate Finance's possession quality deteriorated with the gross non-performing possessions or NPAs increasing to 4.44 percent of the gross loans by the January-March quarter, compared to 2.75 percent in the corresponding period of the 2019-20. The Net NPAs rose to 2.43 per cent from 1.75 per cent.Meanwhile, on the NSE, PNB Housing Finance opened at Rs 375.90, touching an intra day high of Rs 386, and an intra day low of Rs 370.25. It was last trading 0.11 percent higher at Rs 377.50 on the NSE.PNB Housing Finance was last trading 0.03 per cent higher at Rs 377 on the BSE.
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This is the longest winning streak for the marketplaces considering that early-February as investors have actually seemingly chosen to look past rising Covid-19 cases at home and concentrate on revenues reports from blue-chip... The benchmark indices ended mildly in the positive on Thursday, making it four succeeding days of gains, amid heightened volatility. The Sensex oscillated in a broad series of 840 points between an intra-day high of 50,375.77 and a low of 49,535.98 prior to ending the session at 49,765.94, higher by 32.10 points or 0.06 per cent and the Nifty swung 230 points prior to closing at 14,894.90, up 30.35 points or 0.20 percent. The BSE MIdcap and Smallcap indices likewise ended on a flat note.This is the longest winning streak for the marketplaces considering that early-February as investors have actually seemingly selected to look previous rising Covid-19 cases in your home and focus on earnings reports from blue-chip companies.The indices had rallied by more than 1 per cent at opening bell, with the BSE Sensex re-claiming the 50,000 mark and the NSE Nifty going beyond the 15,000 mark, buoyed by the firm global markets. However they soon surrendered their gains and turned unpredictable due to selling pressure at the technically vital level of 15,000 on the Nifty and the April series derivatives expiry. The Nifty Volatility index, which is the guage of volatility, increased 4 per cent during the day.Meanwhile, the rupee increased by 29 paise to close at 74.07 (provisional) against the United States dollar on Thursday, extending gains for the 4th straight session. At the interbank forex market, the rupee opened at 74.20 against the greenback and experienced an intra-day high of 73.94 and a low of 74.23. Metal stocks continued their dream operate on the back of firming metal rates worldwide. JSW Steel soared more than 9 percent at Rs 726, while Tata Steel gained 6 percent to end above the Rs 1000 mark and Hindalco added 2 per cent on the BSE.On the other hand, the vehicle pack had a weak session of trade, with Eicher Motors, Hero Motocorp and Bajaj Automobile shedding around 2 per cent each on the BSE.Among the revenues prospects of the day, Hindustan Unilever pared its intra-day gains and ended flat at Rs 2,409 on the BSE after the country's leading fast-moving durable goods producer reported a 41 percent dive in net profit at Rs 2,143 crore in the quarter ended March 2021, compared to Rs 1,519 crore in the exact same quarter last year.Bajaj Car shed 1.4 per cent at Rs 3,834.25 after the nation's leading two-wheeler maker, Bajaj Auto, on Thursday reported consolidated net revenue of Rs 1,551.28 crore in quarter ended March 2021, marking a boost of 14.57 percent from Rs 1,353.99 crore in the very same quarter last year.The BSE market breadth was weak. Out of 3,117 stocks traded on the BSE, there were 1,375 advancing stocks as versus 1,568 decreases.
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Competition Commission of India okays Tata Digital's proposal to acquire 64 per cent stake in Big Basket...
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Jindal Steel And Power Share Cost: On Wednesday, Jindal Steel and Power opened on the BSE at Rs 454.40, touching an intra day high of Rs 454.40, and an intra day low of Rs 436.05, in the session so... Jindal Steel and Power was last trading 0.91 per cent lower at Rs 445.70 on the BSE.Share rate of Jindal Steel and Power Limited edged marginally lower on Wednesday, April 28, a day after the company's board approved the divestment of its 96.4 percent stake in subsidiary Jindal Power for an in-all cash deal of Rs 3,015 crore to Worldone Private Limited. On Wednesday, Jindal Steel and Power opened on the BSE at Rs 454.40, touching an intra day high of Rs 454.40, and an intra day low of Rs 436.05, in the trading session so far. According to a regulative filing by the company to the BSE, the acquirer - Worldone Private Limited is owned by Jindal Steel and Power's promoter group.According to the declaration launched by the company, as part of the offer, the equity worth is an all-cash offer of Rs. 3,015 crores for a 96.42 percent stake in Jindal Power Limited. It included 3,400 MW coal-fired power plants in Chhattisgarh and other non-core properties owned by Jindal Power. The board of the business authorized the divestment of its coal-fired power business.The facilities conglomerate stated that the divestment plan of the fired power business is focused on minimizing minimize emissions and carbon footprint by almost 50 per cent.Meanwhile, on the NSE, Jindal Steel and Power opened at Rs 453.80, touching an intra day high of Rs 453.95 and an intra day low of Rs 436.05, in the session up until now. It was last trading 0.89 percent lower at Rs 445.90 on the NSE.Jindal Steel and Power was last trading 0.91 percent lower at Rs 445.70 on the BSE.
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Bajaj Car's overall income from operations advanced 26 per cent to Rs 8,596.10 crore ... During the quarter Bajaj Car sold an overall of 1,169,664 units registering a yearly gain of 18%. The nation's leading two-wheeler maker, Bajaj Vehicle, on Thursday reported combined net revenue of Rs 1,551.28 crore in quarter ended March 2021, marking a boost of 14.57 per cent from Rs 1,353.99 crore in the exact same quarter in 2015. Bajaj Automobile's overall revenue from operations advanced 26 percent to Rs 8,596.10 crore.Bajaj Car's standalone operating revenue or EBITDA (revenues prior to interest, tax, depreciation and amortization) jumped 20 per cent to 1,558 crore and operating revenue margin decreased to 18.1 percent from 19 percent on account of greater raw material cost.During the quarter Bajaj Vehicle offered a total of 1,169,664 units signing up a yearly gain of 18 per cent. Q4FY21 taped a healthy double-digit growth in volume for motorbikes in domestic market, total exports, and vehicle spare parts service, Bajaj Automobile said in a news release. Pulsar 125 continues to witness strong pull in the domestic motorbike market; offered over 128,000 systems as against nearly 51,000 systems in 04FY20. Exports continue to carry out very well with sales of over 635,000 systems; second greatest, Bajaj Car said. For FY21 export of bikes were nearly 1.8 million systems and overall exports were over 2 million units; for the third year in a row. Our total share for motorbikes offered in domestic and international markets amongst players from India was 27.6 per cent as against 27.5 percent in FY20, Bajaj Auto added.Bajaj Automobile's chairman Rahul Bajaj resigned from his position. Rahul Bajaj, Non-executive Chairman of the Business, considering his age, has actually tendered his resignation as non-executive director and Chairman of the Company with effect from close of organization hours on 30 April 2021, Bajaj Automobile notified stock exchanges. Bajaj Auto's board suggest dividend of Rs 140 per share.Bajaj Automobile shares fell 2 percent to Rs 3,815 after incomes statement.
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A study of as many as 400 international businesses revealed that occupiers are attempting to revitialise their office, in order to improve employee partnership and weel being ... 46 percent of companies plan to improve the facilities at work environment for employeesGlobal companies plan to relook their workplaces in order to deal with corporate brand name and culture after the COVID-19 pandemic for improving employee-centric facilities. According to a current research study report by leading home expert Knight Frank, a survey of as many as 400 worldwide businesses, using more than 10 million people, revealed that occupiers are attempting to revitialise their office spaces, in order to increase staff member partnership and weel being. It may likewise result in attracting brand-new talent. (Also Check Out: Second Wave Of COVID-19 Affected Sentiments Of Realty Stakeholders )The property expert's 2nd edition of its (Y)OUR SPACE report indicated that global business are attempting to bring in an unique insight into the work environment techniques and real estate needs of its workspaces. The survey also exposed that around 90 percent of international business regard realty as a tactical device to support the larger change of their office space. In addition, 65 per cent of business seek to grow or stabilise their workplace portfolio within a duration of 3 years. Out of which, 46 percent of business prepare to improve the amenities at work environment, for the benefit and wellness of employees after the COVID-19 pandemic. The report highlighted that even after more than a year of limited access to workplaces, organizations see their workspaces as necessary to their respective business identities. This ended up being essential for worker retention, kept in mind survey results.According to the report, amongst Indian office occupiers, the business image stayed a primary tactical objective, best supported by a property asset. Skill attraction and retention were a close 2nd to the business brand name and image. Nevertheless, the citation of restructuring and functional improvement came as the third most preferred tactical category. These results revealed the altering needs of business operability influenced by the continuous 2nd wave of the COVID-19 pandemic.
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Britannia Share Rate: On Wednesday, Britannia opened on the BSE at Rs 3,487, touching an intra day high of Rs 3,540 and an intra day low of Rs 3,470, in the session up until now ... Britannia's overall income from operations registered a development of 9.2 percent in March quarterShare rate of Britannia Industries slipped around two percent on Wednesday, April 28, a day after the country's leading biscuit maker reported its March quarter results for the financial year 2020-21. On Wednesday, Britannia opened on the BSE at Rs 3,487, touching an intra day high of Rs 3,540 and an intra day low of Rs 3,470, in the trading session so far. According to a regulatory filing by the business to the BSE, Britannia reported consolidated profit of 360 crore in the January-March quarter of financial 2020-21, signing up a 3.3 percent decline in profit year-on-year, compared to 372 crore in the year-ago period. (Likewise Check Out: Britannia Industries Earnings Decreases 3.3% To 360 Crore In March Quarter )According to the declaration, Britannia Industries' combined revenue from operations stood at Rs 3,130.7 crore in the fourth quarter of the financial year 2020-21. The operating performance of the business for the quarter was lower than the quotes of analysts.Britannia's total profits from operations registered a growth of 9.2 percent year-on-year in the January-March quarter, compared to 2,867.70 crore in the matching duration of the previous financial. The business's product expense front reported growth as palm oil, dairy products reported steep increases, which helped in handling the rise in expenses, throughout the quarter.Meanwhile, on the NSE, Britannia Industries opened at Rs 3,488, touching an intra day high of Rs 3,527, and an intra day low of Rs 3,469, in the session up until now. It was last trading 1.16 percent lower at Rs 3,499.95 on the NSE.Britannia Industries was last trading 1.14 per cent lower at Rs 3,499.70 on the BSE.
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Biocon Q4 Outcomes: Biocon's consolidated income increased 26 percent in the fourth quarter of the financial 2020-21 to Rs 2,044 crore, compared to Rs 1,621 crore in the corresponding quarter in 2015 ... Biocon is involved in producing generic active pharmaceutical ingredientsBiocon Limited- the country's leading biopharmaceutical company, reported a 105 percent development in net earnings to Rs 254 crore for the January-March quarter in the fiscal year 2020-21, compared to Rs 123 crore in the corresponding duration last year. The Bengaluru-based company's revenue during the March quarter grew 26 per cent to Rs 2,044 crore, tracking higher development in its biosimilar, research services, and generic service. Biocon is associated with producing generic active pharmaceutical ingredients and is an innovation-led integrated company.According to a regulatory filing by the firm to the BSE on Thursday, April 29, Biocon's consolidated earnings increased 26 per cent in the 4th quarter of the financial 2020-21 to Rs 2,044 crore, compared to Rs 1,621 crore in the matching quarter last year.Amid the second wave of the COVID-19 pandemic in the nation, the company's subsidiary Biocon Biologics, stepped up to provide the anti-CD6 novel biologic Itolizumab or ALZUMAb-L for contaminated patients. According to the statement, ALZUMAb-L was approved by the Drug Controller General of India for restricted emergency use.Biocon included that due to the unpredictability of the second wave of the pandemic and considering the financial investments in R&D, the board of directors decided not to state a dividend for the fiscal year 2020-21. Biocon is noted on stock exchanges BSE and NSE. After reporting the March quarter results, the share rate of Biocon Limited edged marginally greater. On Thursday, Biocon opened at Rs 387.20 on the BSE, signing up an intra day high of Rs 402.10 and an intra day low of Rs 386 throughout the session. Shares of Biocon settled 0.77 per cent higher at Rs 393.95 each on the BSE. On the NSE, shares of Biocon settled 0.81 per cent greater at Rs 394 apiece.
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Gold Silver Rate, 28 April 2021: On Multi Commodity Exchange (MCX), gold futures due for a June 4delivery, were last seen trading lower by Rs 116- or 0.25 per cent - at Rs 47,187 ...
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Covid-19 Pandemic: Centre isexpecting that 50 metric tonnesof medical oxygen each day can be made available for clients by fertiliser plants ... Fertiliser business to augment production and supply of medical oxygenTaking effort to improve production and supply of medical oxygen within their existing capacities in order to make it readily available for hospitals throughout the nation to fight the menace of Covid-19 pandemic, major fertiliser cooperatives and state-level entities like IFFCO, Gujarat State Fertilisers and Chemicals Limited and Gujarat Narmada Valley Fertilisers - Chemicals Limited have begun enhancing its manufacturing.The Centre is anticipating that around 50 metric tonnes of medical oxygen each day can be offered for Corona infection affected patients by fertiliser plants situated all over the country.At a high level conference held with Minister of State for Chemicals and Fertilisers Mansukh Mandaviya, IFFCO officials informed that the company is putting up an oxygen plant with a capability of 200 cubic meters per hour in its Kalol system in Gujarat and their overall capacity would be 33,000 cubic meters per day.Similarly Gujarat Narmada Valley Fertilisers - Chemicals Ltd has actually also begun supply of liquid oxygen for medical function after commencement of its air separation unit.Gujarat State Fertilisers and Chemicals Limited has also made adjustments in their plants and began supply liquid oxygen, main sources said.Both the Gujarat-based companies further informed the minister that they have actually currently started the process of enhancing their oxygen production. Other fertiliser companies' representatives stated that they will set up medical oxygen plants in healthcare facilities at selected areas in the country through their business social duty CSR funding.
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Bajaj Finserv Share Cost: Bajaj Finserv opened on the BSE at Rs 10,550, touching an intra day high of Rs 11,299.65, and an intra day low of Rs 10,535.05, in the session up until now ... Bajaj Finserv was last trading 6.76 percent higher at Rs 11,200.80 on the BSE.Share cost of Bajaj Finserv gained more than seven per cent on Thursday, April 29, a day after the non-banking financing business reported its January-March quarter results for the fiscal year 2020-21. On Thursday, Bajaj Finserv opened on the BSE at Rs 10,550, touching an intra day high of Rs 11,299.65, and an intra day low of Rs 10,535.05, in the trading session so far. According to a regulative filing by the firm to the BSE, Bajaj Finserv reported a net profit of Rs 979 crore in March quarter, signing up a five-fold dive in make money from Rs 194 crore in the corresponding quarter in 2015. (Also Check Out: Bajaj Finserv Profit Surges More Than 5 Times To 979 Crore In Q4 )According to the declaration, Bajaj Finserv's total earnings from operations jumped 16 percent to Rs 15,385 crore in the January-March quarter. the board of the business suggested a dividend of three per share or 60 percent of the stated value of Rs 5 per unit.The Pune-based company's total earnings during the 4th quarter of fiscal 2020-21 increased to Rs 15,387 crore, compared to Rs 13,289 crore in the corresponding period of in 2015. The business's subsidiary - Bajaj Allianz General Insurance provider, reported an all-time high yearly revenue in the March quarter.On the NSE, Bajaj Finserv opened at Rs 10,540.00, touching an intra day high of Rs 11,300.00, and an intra day low of Rs 10,520.00, in the session so far. It was last trading 6.58 per cent higher at Rs 11,180 on the NSE.Bajaj Finserv was last trading 6.76 per cent higher at Rs 11,200.80 on the BSE.
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Covid-19 Pandemic: DRDO will establish 500 medical oxygen generating plants across the nation within three months under the PM-CARES fund ... DRDO to set up 500 oxygen plants in 3 monthsResponding to the Centre's call to all state-owned business across sectors to produce and distribute oxygen, the Defence Research Study and Development Organisation (DRDO) on Wednesday revealed that it will set up 500 medical oxygen generating plants throughout the nation within three months under the PM-CARES fund.According to a statement issued by the Defence Ministry, the technology for medical oxygen plant established by DRDO for on-board oxygen generation for light combat aircraft Tejas, has actually now been moved to Tata Advanced Systems Limited, Bengaluru, and Spear Pneumatics Pvt Ltd, Coimbatore, for setting up the plants.These entities will be producing 380 of the 500 plants for setup throughout numerous health centers in the country, the defence ministry statement said.The staying 120 plants will be produced by the industry in cooperation with the Indian Institute of Petroleum, Dehradun, it added.The oxygen generation plants can produce 1,000 litres of oxygen per minute.
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Bajaj Finserv reported net profit of Rs 979 crore in January-March quarter, that marked a boost of 5 times from earnings of Rs 194 crore during the very same quarter last year ... Since 1:17 pm, Bajaj Financing shares traded 4.2 percent higher at Rs 10,511 The Pune-based non-banking finance business - Bajaj Finserv - on Wednesday reported net earnings of Rs 979 crore in January-March quarter, that marked an increase of 5 times from profit of Rs 194 crore throughout the exact same quarter last year. Its total income from operations jumped 16 per cent to Rs 15,385 crore, Bajaj Financing exchange filing revealed. Offered the impact of the COVID-19 pandemic, FY21 was anticipated to be an incredibly demanding year therefore it turned out to be. The negative growth in GDP was much bigger than anticipated in Q1 FY21 as GDP contracted by 24.4%, followed by an additional 7.3% contraction in Q2 FY21. The good news is, we began to witness resumption of economic activity in the 2nd half of the year in which Q3 FY21 recorded a GDP development of 0.4% and Q4 FY21 is expected to show fairly robust development. The 2nd advance quotes of nationwide income for FY21 released by the Central Statistical Workplace (CSO) indicates an unfavorable GDP growth of 8% for FY21, Bajaj Financing said in a press release. Bajaj Allianz General Insurance Company taped an all-time high yearly earnings and continued to provide robust enhancement in its underwriting result and Bajaj Allianz Life Insurance coverage Business signed up an all-time high annual gross written premium in FY21 at Rs 12,025 crore. It's Assets Under Management reached an all-time high level of Rs 73,773 crore at year end. As of 1:17 pm, Bajaj Financing shares traded 4.2 percent higher at Rs 10,511, outshining the Sensex which was up 1.66 per cent.
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Bombay Dyeing Share Rate: On Thursday, Bombay Dyeing opened on the BSE at Rs 68.80, touching an intra day high of Rs 69.20 and an intra day low of Rs 66.35, in the session up until now ... Bombay Dyeing was last trading 2.09 per cent lower at Rs 67.80 on the BSE.Share rate of Bombay Dyeing edged lower by more than 2 per cent on Thursday, April 29, a day after the company revealed its January-March quarter results for the financial year 2020-21. On Thursday, Bombay Dyeing opened on the BSE at Rs 68.80, touching an intra day high of Rs 69.20 and an intra day low of Rs 66.35, in the trading session so far. According to a regulative filing by the company to the BSE on April 28, Bombay coloring reported a loss at Rs 166.74 crore in the March quarter of fiscal 2020-21, compared to an earnings of Rs 48.57 crore in the corresponding quarter last year.Bombay Dyeing is said to be the nation's largest manufacturer of textiles and it is the flagship company of the Wadia Group. According to the statement, Bombay Dyeing's income from operations on a standalone basis, stood at Rs 498.95 crore in the March quarter, compared to Rs 313.10 crore in the same quarter last year. The company's total income stood at Rs 507.75 crore in the 4th quarter of the ficsla 2020-21, compared to Rs 317.30 crore in the matching duration last year.In regards to segment-wise earnings, polyester sector's net sales stood at Rs 282.91 crore in the March quarter, while retail/textile segment's net sales stood at Rs 5.84 crore in the quarter.On the NSE, Bombay Dyeing opened at Rs 69, touching an intra day high of Rs 69.35 and an intra day low of Rs 67.20, in the trading session so far. It was last trading 2.17 per cent lower at Rs 67.70 on the NSE. Bombay Dyeing was last trading 2.09 per cent lower at Rs 67.80 on the BSE.
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Online food purchasing and delivery startup Zomato filed for a going public of approximately Rs 8,250 crore on Wednesday, April 28, as food shipment saw a rise amidst the continuous second wave of... Zomato witnessed a rise in online food deliveries amid the 2nd wave of COVID-19 Online food purchasing and delivery startup Zomato declared a going public of approximately Rs 8,250 crore on Wednesday, April 28, as food delivery saw a surge amid the continuous second wave of the COVID-19 pandemic in the country. Zomato is backed by China's Ant Group and was included in 2008. It is now among the most popular start-ups in the country. According to its main site, Zomato has its presence in 24 countries around the world and uses over 5,000 people. Zomato filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India or SEBI. Size of the public deal: Through the initial public offer, Zomato intends to raise Rs 8,250 crore, out of which, around Rs 7,500 crore will be through a fresh concern of the equity shares. Info Edge, the leading shareholder, and the business's earliest backer will sell shares worth Rs 750 crore through a market or OFS.Price Band, Date of IPO: Zomato has not yet fixed the rate band and lot sizes in which interested investors can bid for shares in the IPO. The date for the preliminary public offer was also not revealed by the business in the draft red herring prospectus. (Also Read: Zomato Files For $1.11 Billion IPO As Food Delivery Rises In Pandemic Times Objectives of the IPO: According to the draft red herring prospectus, Zomato said that it plans to use the profits for moneying the organic and inorganic growth initiatives and for basic business purposes. It included that the amount made use of for general corporate purposes will not exceed 25 percent of the net profits. The natural development effort consists of shipment facilities, innovation facilities, and customer and user acquisition. Pre-IPO Placement: Zomato may think about a personal placement of equity shares amounting to Rs 1,500 crore prior to the filing of the red herring prospectus. In case the pre-IPO positioning is undertaken, the minimum deal size will make up at least 10 per cent of the post-offer paid-up equity share capital. (Also Check Out: Information Edge India Shares Rise After Zomato Files Papers For IPO )Risks (Forward-Looking): Zomato mentioned that the COVID-19 pandemic, or a similar public health hazard, might impact capital, company, and total operations. Zomato also deals with competition in the food shipment market. The business, in addition to domestic competing Swiggy, backed by Accel, controls the food shipment market in the country, which research study company RedSeer estimates deserves $4.2 billion.In February 2021, the food shipment startup raised $250 million from 5 financiers including hedge fund Tiger Global Management for a post-money evaluation of $5.4 billion.
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A majority of millennials are opting for medical insurance to secure themselves, their family and finances, after the coronavirus pandemic ...
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