Reliance retail business expanded its store network by adding over 3,300 new stores during FY23 taking the number of stores across India to 18,040

Reliance Industries Limited logo

Mumbai, October 2 (MeelBijendra) – Reliance Retail further strengthened its position as the largest retailer in India and the only Indian retailer to feature in the top 100 retailers globally. Reliance Retail crossed the 1 billion transaction mark in the financial year 2022-23. The retail business expanded its store network by adding over 3,300 new … Read more

Eversource partners with TCS to help build distributed solar power capacity within its grid by purchasing power from residential, industrial & commercial customers

TCS logo

New Delhi, September 16 (Meel Bijendra) – Energy utilities are leading the world’s energy transition, investing in renewable energy sources as part of their journey to carbon neutrality. Leaders in the sector are innovatively using technology to attract environmentally conscious consumers looking for green alternatives and to grow their new clean energy businesses. Eversource Energy … Read more

Bikaji became the leading manufacturer of Bhujia and the second-largest producer of handmade papad

Bikaji products are kept for sale in a store in Mumbai

Mumbai, September 10 (MeelBijendra) – Bikaji’s flagship product Bikaneri Bhujia has given the company recognition across borders and Bikaji is now the leading manufacturer of Bikaji Bhujia and the second-largest producer of handmade papad. Bikaji truly embarked on a remarkable journey in the early 90s and has established Bikaji as India’s favorite snacking partner. On … Read more

Resilient Asset Management B.V. enters into agreement to buy 10.30% stake in Paytm from Antfin (Netherlands) Holding B.V. for $628 million

The Paytm logo is pasted on a wall at Paytm's office in Delhi

MUMBAI, Aug 7 (MeelBijendra) – Paytm Founder and CEO Vijay Shekhar Sharma on Monday executed an agreement to buy 10.30% shareholding in Paytm from Antfin (Netherlands) Holding B.V through its 100% owned overseas entity Resilient Asset Management B.V. Based on the closing share price of the company on Friday, August 4, 2023, Vijay Shekhar Sharma-owned … Read more

Lupin receives tentative approval from US-FDA for Dolutegravir Lamivudine and Tenofovir Alafenamide Tablets under US-PEPFAR; Product to be manufactured at Nagpur facility

Pharmaceutical tablets and capsules are arranged on table in photo illustration

MUMBAI, July 21 (MeelBijendra) – On Friday, Lupin Limited an Indian multinational pharmaceutical company based in Mumbai announced that it has received tentative approval from the United States Food and Drug Administration (US FDA) under the US President’s Emergency Plan for AIDS Relief (PEPFAR) for its New Drug Application for Dolutegravir Lamivudine and Tenofovir Alafenamide … Read more

NSE changes the expiry day of Nifty Bank F&O contracts from Thursday to Friday from July 14

share price on the screen

On Tuesday, June 6, the National Stock Exchange of India (NSE) issued a new circular changing the Nifty Bank Futures and Options (F&O) expiry day from Thursday to Friday with effect from July 14, 2023. The National Stock Exchange of India Limited (NSE) started trading in derivatives on 12 June 2000 with the launch of … Read more

LIC raises stake in Dr Reddy’s Laboratories to over 7.6% by buying another 33.86 lakh equity shares

share price on the screen

Today the share price of Dr Reddy’s Laboratories Ltd rose by 1.92% to Rs 4419 as LIC increased its stake in the company. LIC (Life Insurance Corporation of India) has purchased 3,386,486 shares in Dr Reddy’s Laboratories Limited through open market purchase at an average price of Rs 4289.29, the company said on Monday, October … Read more

Federal Bank Q2 FY23: Gross Advances grew 19.4% YoY to Rs 163956 cr, CASA deposits rise to Rs 68873 cr

share price on the screen

The share price of Federal Bank rose by 5.62% to Rs 119.35 today as the bank announced its FY23 Quarter 2 Result. Federal Bank Gross Advances grew by 19.4% year-on-year to Rs.163956 crore in Quarter 2 (i.e. July 2022- September 2022) of FY23 as compared to Rs.137313 crore in the same period last year. Gross … Read more

NTPC produced 7.36 MMT of coal during April to August of FY 2022-23 with YOY growth of 62%

A truck is carrying coal from a coal mine in the Indian state of Jharkhand

NTPC Limited is an Indian Public Sector Undertaking that is India‘s largest integrated power company with an installed capacity of 70,064 MW. NTPC Limited has produced 7.36 MMT of coal during the period April 2022 to August 2022 which is an increase of 62% year-on-year as compared to 4.55 MMT produced during the corresponding period … Read more

India’s RuPay cards and UPI to be accepted in France, NPCI and Lyra Network Signed MoU

Debit Card: India's RuPay cards and UPI to be accepted in France

On Thursday 16 June 2022, the National Payment Corporation of India (NPCI) announced that NPCI International has signed a Memorandum of Understanding (MoU) with France-based payment solutions provider Lyra Network to accept RuPay cards and UPI payments in France. RuPay cards and UPI (Unified Payments Interface) services will be available in France soon. France and … Read more

FIIs sell-off 275000 crores in Indian market in 5 months, pulled out more than they brought in 12 years

Stock Price: FIIs sell-off 275000 crores in Indian market in 5 months

The global market has been falling steadily since the beginning of January 2022. In the last one month, Nifty50 has fallen about 12.7% while in the last one week also Nifty50 has fallen about 5.9%. Nifty is currently trading at 15735.45, down 15% from its all-time high. Due to rising inflation and a weakening rupee, … Read more

LIC IPO to open May 4, govt to sell 3.5% stake, up to 22 crore shares on offer, Price Band Rs 902-949

LIC IPO

In Budget 2021, Finance Minister Nirmala Sitharaman said that LIC’s IPO will come in the financial year 2021-22. The issue date of India’s biggest IPO (Initial public offering) LIC has been released. LIC’s IPO will be open on Wednesday 4th May 2022 and will close on Monday 9th May 2022. Earlier, India’s biggest IPO was … Read more

Indonesia bans palm oil exports, food prices and cooking oil prices rise

Cooking Oil Bottle: Indonesia bans palm oil exports, food prices and cooking oil prices rise

On Friday 22 April 2022, Indonesia announced a ban on palm oil exports until further notice. Indonesia accounts for about one-third of all vegetable oil exports and Indonesia is the world’s second-largest palm oil exporter and on the other hand, India is the world’s largest palm oil importer. India is the world’s largest importer of … Read more

Sensex and Nifty down 2% amid rising oil prices, Russia-Ukraine crisis, spike in Covid cases

Stocks Price: Sensex and Nifty down

Today the Indian stock market was in a downtrend, the Nifty 50 index fell from 2.07% to 17102.58 points and the Sensex fell from 2.25% to 56958.91 points till the market closed. Till today’s market closing Nifty IT was down by 4.57% to 32688.24 points, Nifty Bank was down from 2.39% to 36531.25 points and … Read more

Elon Musk holds 9.2% stake in Twitter and Elon Musk offers to buy Twitter for $43 Billion

Elon Musk holds 9.2% stake in Twitter and Elon Musk offers to buy Twitter for $43 Billion

According to a Securities and Exchange Commission 13G filing issued on Monday, April 4, 2022, Elon Musk owns 73,486,938 shares with a 9.2% passive stake in the Twitter company. A regulatory 13G filing on Monday, April 4, 2022, revealed that Elon Musk had bought a 9.2% stake on March 14, making him the largest individual … Read more

Computer Generation and Computer Full form

Computer Generation

In this article you will know about the generation of the computer, what is the full form of the computer, who invented the computer and how many generations of computers and what happened in which generation? The word computer is derived from the Latin word “compute” which means to calculate. The computer is an electronic … Read more

Sri Lanka economic crisis explained: what and why Sri Lanka’s economy faced economic crisis

Sri Lanka economic crisis explained: what and why Sri Lanka's economy faced economic crisis

Sri Lanka is going through a major economic crisis like 10-hour long power cuts or food shortages, besides people facing a shortage of petrol and diesel. The economy of Sri Lanka is dependent on imported goods even for basic products. According to the report, people have been facing power cuts of 10 hours and in … Read more

HDFC Bank merger: Why did HDFC Ltd merge with HDFC Bank and what does deal mean for investors and customers

Stock price: HDFC Ltd merge with HDFC Bank

HDFC Bank and HDFC Ltd announced the merger on 4 April 2022. The board of housing finance firm HDFC Ltd has approved a proposal to merge its subsidiaries and associates with HDFC Bank. HDFC Bank also announced the quarter 4 FY22 numbers and after this merger announcement, the shares of both HDFC Bank and HDFC … Read more

Airtel added 7.14 lakh mobile users, Vi 3.89 lakh and Jio 9.32 mn lose subscribers: TRAI Data

Airtel added 7.14 lakh mobile users, Vi 3.89 lakh and Jio 9.32 mn lose subscribers: TRAI Data

Recently Telecom Regulatory Authority of India (TRAI) released the latest subscriber numbers of telecom companies. According to TRAI’s recent data release, In the month of January 2022, Reliance Jio lost almost 93.22 lakh subscribers and Vodafone Idea lost 3.89 lakh subscribers, while Bharti Airtel added 7.14 lakh subscribers. Bharti Airtel has almost added 177 lakh … Read more