News Archives - Page 7 of 41

23Jul

By Purbalee DuttaNo Comments

News, Shillong

SMB Evicts Illegal Hawkers From PB

Shillong Municipal Board (SMB) officials conducted a verification and eviction drive on Tuesday in the Khyndai Lad area following a Meghalaya High Court order. During the operation, goods were seized, and stalls of street vendors without valid certificates of vending (CoVs) were dismantled. SMB instructed all hawkers lacking valid CoVs to immediately remove their merchandise, warning that they would no longer be allowed to trade in the area. The inspection included district administration officials, police personnel, and members of the hawkers’ association. Acting on a state government directive, which set a July 22 deadline for unauthorized vendors to vacate, SMB had been verifying vending permits over recent days. According to SMB records, out of 407 hawkers in Khyndai Lad, 285 hold ...

Aluminium futures prices gain on new deals

22Jul

By editorNo Comments

Business, News

Aluminium futures prices gain on new deals

New Delhi, Aluminium prices rose by 40 paise to Rs 254.90 per kg in futures trade on Tuesday as speculators created new deals amid positive trend in the spot market. At the Multi Commodity Exchange, the price of aluminium contract for August delivery rose by 40 paise or 0.16 percent to Rs 254.90 per kg in a business turnover of 2,504 lots. Analysts said buying of new deals by traders amid demand from consumer industries supported aluminium prices in the futures market.

SBI gain ₹25,000 by selling shares to LIC

21Jul

By editorNo Comments

Business, News

SBI gain ₹25,000 by selling shares to LIC

State Bank of India (SBI) on Monday, July 21, said it has successfully raised ₹25,000 crore through a qualified institutional placement (QIP). The board of directors of the national bank at a meeting approved the allotment of 30.59 crore (or 30,59,97,552) equity shares having a face value of ₹1 per share at an issue price of ₹817 per share, including a premium of ₹816 per share. State Bank of India said in a regulatory filing that after receipt of applications from eligible qualified institutional buyers (QIBs) and funds in the escrow account, as per the terms of the issue, the bank closed the issue on July 21. The panel also finalised the allotment note to be sent to eligible QIBs, informing them of the allotment of equity shares under the issue. Life Insurance Corporation (L...

Tea exports from India gain by 2.85% in FY 2024-25

19Jul

By editorNo Comments

Business, News

Tea exports from India gain by 2.85% in FY 2024-25

Kolkata: Tea exports from India in FY 2024-25 rose by 2.85 per cent as compared to the previous fiscal, according to official data. Tea exports from the country rose from 250.73 million kg to 257.88 million kg. According to the latest data from the Tea Board, the export volume from North India reached 161.20 million kg during FY 2024-25, showing a growth of 8.15 per cent from 149.05 million kg in FY 2023-24. Similarly, exports from South India declined by 4.92 per cent to 96.68 million kg in 2024-25 from 101.68 million kg in the previous fiscal, according to the data. The value of tea exports per kg increased to Rs 290.97, showing a growth of 12.65 per cent from Rs 258.30 in FY 2023-24. During the calendar year January to December 2024, the volume of tea exports reached 256...

JSW Steel Q1 results: Net profit gain 158%, EBITDA rises 38%

18Jul

By editorNo Comments

Business, News

JSW Steel Q1 results: Net profit gain 158%, EBITDA rises 38%

JSW Steel, the country's second-largest steel producer, on Friday, July 18 reported a consolidated net profit of ₹2,184 crore in the first quarter of the current financial year, up 158% from ₹845 crore in the same period last year. This sharp jump in profits was driven by good capital expenditure by the government in the June quarter and strong domestic steel demand. JSW Steel's operating revenue grew 0.5% to ₹43,147 crore in the June quarter as against ₹42,943 crore in the same period a year ago. The Mumbai-based company reported strong operating performance as its earnings before interest, tax, depreciation and amortization (EBITDA), also known as operating profit, grew 38% to Rs 7,576 crore from Rs 5,510 crore. Its operating profit margin expanded 470 basis points (bps) to 17.56%...

17Jul

By editorNo Comments

Business, News

Zinc futures prices gain on high demand

New Delhi, Zinc prices rose by 5 paise to Rs 256.55 per kg in futures trade on Thursday amid strong spot demand. At the Multi Commodity Exchange, the price of zinc contract for August delivery rose 5 paise or 0.02 percent to Rs 256.55 per kg in a business turnover of 1,531 lots. Zinc prices rose in futures trade as participants increased the size of their deals following a rise in demand from consumer industries, market sources said.

16Jul

By editorNo Comments

Business, News

Crude oil prices gain on spot demand

New Delhi, Crude oil prices rose by Rs 9 to Rs 5,653 per barrel in futures trade on Wednesday as traders increased the size of their deals following strong spot demand. At the Multi Commodity Exchange, the price of crude oil contract for August delivery rose by Rs 9 or 0.16 percent to Rs 5,653 per barrel in a business of 9,125 lots. Analysts said crude oil prices rose in futures trade as participants increased their deals. Globally, West Texas Intermediate crude was trading 0.50 percent higher at $66.85 per barrel in New York, while Brent crude rose 0.28 percent to $68.90 per barrel.

Silver futures prices lapse: Prices drop by Rs 256

15Jul

By editorNo Comments

Business, News

Silver futures prices lapse: Prices drop by Rs 256

New Delhi, Silver prices on Tuesday fell by Rs 256 to Rs 1,12,680 per kg as participants reduced their deals. At the Multi Commodity Exchange, the price of silver contracts for September delivery fell by Rs 256, or 0.23 percent, to Rs 1,12,680 per kg in a business turnover of 21,003 lots. Analysts said selling by participants at current levels in the market mainly influenced silver prices. Globally, silver was trading 0.53 percent higher at $38.33 an ounce in New York.

Aluminium futures prices gain on speculative trading

14Jul

By editorNo Comments

Business, News

Aluminium futures prices gain on speculative trading

New Delhi, Aluminium prices rose by 65 paise to Rs 249.95 per kg in futures trade on Monday as speculators created fresh positions amid positive trend in the spot market. At the Multi Commodity Exchange, aluminium contracts for August delivery rose by 65 paise, or 0.26 percent, to Rs 249.95 per kg in a business turnover of 1,290 lots. Analysts said fresh positions created by traders amid demand from consumer industries supported aluminium prices in the futures market.

Glenmark Pharma shares gain 10%, hit upper circuit limit

12Jul

By editorNo Comments

Business, News

Glenmark Pharma shares gain 10%, hit upper circuit limit

Glenmark Pharma Share Price: Shares of Glenmark Pharmaceuticals Ltd surged 10 per cent on Friday after the company announced that it has signed an up to USD 2 billion deal with AbbVie to commercialise its under-development drug for treating cancer and autoimmune diseases, in one of the biggest transactions in the pharma sector. The stock rose 9.99 per cent to hit a fresh 52-week high and upper circuit limit of Rs 2,095.65 on the BSE. On the NSE, the stock rose 10 per cent to Rs 2,094.40 - its fresh 52-week high and upper circuit limit. Ichnos Glenmark Innovation, an arm of Glenmark Pharmaceuticals, has signed an agreement for its key investigational asset 'ISB 2001'. ISB 2001, intended for the treatment of cancer and autoimmune diseases, has been developed for oncology and aut...