The government has decided to convert the Ordnance Factory Board (OFB) from a department, into seven fully government-owned corporate entities to improve self-reliance on the country's defence preparedness. The seven new defence companies that have been incorporated are Munitions India...

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PNB Housing Finance has terminated the Rs 4,000 crore deal with US-based Carlyle group for a preferential allotment.   "The Board's primary objective is to raise capital to support the growth of the Company, and the Board believes that the current situation is not in the best...

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We had mentioned in previous week’s closing report that Nifty, Sensex were on a strong rally.   The major indices have reached new high this week and closed with major gains.     On Monday, the indices opened higher, touched record highs and ended with gains. On the...

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INDIAN MARKET TRENDS From 8th October to 13 October 2021, ML Micro-cap Index rose 3%. ML Large-cap Index and ML Mid-cap Index rose 2% each. The NIFTY, ML Mega-cap Index, the Sensex and ML Small-cap Index rose 1% each.                                                

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After facing protests and social media storm over pay parity and working conditions, online home services provider Urban Company (formerly UrbanClap) on Thursday announced to slash the commission it charges from beauty service professionals from 30 per cent to 25 per cent.   The...

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We had mentioned in Wednesday’s closing report that Nifty, Sensex have gained fresh strength from corporate actions and results. On Thursday, the indices opened higher, reached record levels and ended with major gains. On the NSE, there were 992 advances, 997 declines and 6 remained...

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NJ Mutual Fund has launched its maiden scheme called NJ Balanced Advantage Fund (BAF), an open-ended dynamic asset allocation scheme. The group, which is known for its might in distributing mutual fund (MF) products, received approval from Securities and Exchange Board of India (SEBI) in...

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Curtailed production due to semiconductor shortages heavily dented India's domestic passenger vehicle sales on a year-on-year (y-o-y) and sequential basis in September. Further, challenges about high operating and ownership costs due to rising fuel and commodity prices subdued buyers'...

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While in corporate banking, my Boss was the assistant manager, whom I shall refer to as AM.   Initially, I was distinctly annoyed with the AM’s style of functioning. Gopal, from whom I was taking over, was clearly delighted to escape from AM’s clutches. He encouraged me to learn the...

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Krsnaa Diagnostics (Krsnaa) got listed in August 2021 and has come out with its first quarterly and half-yearly earnings. We analysed its initial public offering (IPO) here. Krsnaa is a large and differentiated diagnostic service-provider that provides a range of technology-enabled diagnostic...

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The official details of the signing of the instrument of accession by Maharajah Hari Singh of Kashmir has not only been kept under secrecy for 75 years now by successive governments, but has even led to several decades of allegations of motives and vested interests regarding the document. An...

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Intermittent fasting, an eating pattern that fluctuates between periods of eating and fasting, has rapidly become one of the most popular health and fitness trends for the many benefits it offers. Recently, researchers from the University of Illinois at Chicago (UIC), after a comprehensive...

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Orient Electric Limited (Orient) manufactures/purchases and sells electrical consumer durables, and lighting & switchgear products in India. It operates in two segments, viz., electrical consumer durables (ECD) and lighting & switchgear. It offers ceiling, portable, airflow, wall, lifestyle,...

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The Securities and Exchange Board of India (SEBI) has been meeting various algo retailers and brokers to examine what kind regulatory framework is needed. After I flagged the issue in July this year, several developments may have nudged the regulator to act, before it is forced to react to a...

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India logs 18,987 new COVID cases, 246 deaths in past 24 hours 14-10-2021 10:50 In the last 24 hours, India reported 18,987 fresh Covid-19 cases and 246 deaths, the Union Health Ministry said on Thursday. According to the Ministry, the new fatalities increased the overall death...

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"We need to keep on with jan andolans, dharnas and morchas, but politicians in the government are scared of only losing their power. In a democracy, citizens have this power. They can strip any government of its power. For better governance, we need to work towards empowering citizens," says...

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The Mumbai Monorail, feeder system to the Mumbai metro, which has had a bumpy ride so far, has announced plans to get 10 new rakes and increase speed and capacity of the project, whose very existence has been questioned my many experts. But none of this is happening anytime soon. In fact, by...

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We had mentioned in Tuesday’s closing report that Nifty, Sensex may move sideways. On Friday, the indices opened higher and ended with major gains. On the NSE, there were 1,035 advances, 952 declines and 78 remained unchanged.   The trend of the major indices on Wednesday’s trading...

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A trove of internal documents from Amazon reveals how the e-commerce giant ran a systematic campaign to create knockoff goods and manipulate search results to boost its own product lines in India—practices it has denied engaging in, says Reuters.   According to the report, the...

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Thyrocare Technologies Ltd (Thyrocare) is the fourth-largest diagnostics chain in India and third-largest among listed players. It specialises in ‘low-cost business model’ that provides quality service at cost-effective prices. Thyrocare derives a large portion of its revenue from...

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