Tata Power posts 22% YoY growth in Q3 PAT to Rs 318 crore
Fri, Feb 5, 2021 2:30 PM

Tata Power posts 22% YoY growth in Q3 PAT to Rs 318 crore

Tata Power's Q3FY21 registered a consolidated net profit at Rs318cr against Rs260cr registering 22% YoY growth. This is mainly due to better performance in Mundra, steady operational performance across all businesses and interest cost savings on account of debt reduction. Consolidated revenue for the quarter stood at Rs7,740cr in Q3FY21, up by 8% from Rs7,171cr in Q3FY20.

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IndusInd Bank to open a new branch at Katra in Jammu & Kashmir
Fri, Feb 5, 2021 2:18 PM

IndusInd Bank to open a new branch at Katra in Jammu & Kashmir

IndusInd Bank has announced its plan to inaugurate a new branch at the holy town of Katra located in the Union Territory (UT) of Jammu & Kashmir. The branch will be situated at the premises of the Shri Mata Vaishno Devi Shrine Board, the governing body of the Shrine. The new branch includes two ATMs that will be deployed across various spots of the SMVDSB site for the convenience of pilgrims.

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Wipro makes it to 2021 Bloomberg Gender-Equality Index for the 2nd year
Fri, Feb 5, 2021 2:05 PM

Wipro makes it to 2021 Bloomberg Gender-Equality Index for the 2nd year

Wipro announced that it has been included in the 2021 Bloomberg Gender-Equality Index (GEI). Notably, the IT giant is one of 380 companies across 11 sectors included in the 2021 Bloomberg GenderEquality Index (GEI). Wipro has been included in the index for the second consecutive year. The company focuses on building a culture of inclusion by breaking stereotypes and biases.

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Amazon India announces Valentine's Day Store on its platform
Fri, Feb 5, 2021 2:00 PM

Amazon India announces Valentine's Day Store on its platform

Valentine’s Day is right around the corner. Ahead of annual celebrations, Amazon India has announced the Valentine’s Day Store on its platform, which features a specially curated selection of products ranging from gifting essentials, electronics and large appliances to smartphones and Amazon Devices among others to pick from. Customers can choose products from a host of leading brands!

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Strides Pharma in advanced talks for manufacturing Covid-19 vaccine
Fri, Feb 5, 2021 1:52 PM

Strides Pharma in advanced talks for manufacturing Covid-19 vaccine

Strides Pharma Science is in advanced talks with a “successful” Covid-19 vaccine developer to manufacture the latter’s vaccine. However, the drugmaker declined to name the vaccine developer, citing a confidentiality agreement. Once a deal is inked, the Covid-19 vaccine, developed by a global vaccine maker, will be manufactured by Strides’ biotech subsidiary Stelis Biopharma.

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RFP for 70 aircraft bagged by HAL from Indian Air Force
Fri, Feb 5, 2021 1:40 PM

RFP for 70 aircraft bagged by HAL from Indian Air Force

HAL confirmed the receiving of Request for Proposal (RFP) from the Indian Air Force for their Basic Trainers requirement at the on-going Aero India 2021. HAL states that the RFP is for 70 aircraft with an additional clause for 38 more. The certification will be given against the PCQR. The production will take place at HAL's two manufacturing units at Bengaluru and Nashik.

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NLC India successfully conducted trial operation of Thermal Project
Fri, Feb 5, 2021 1:09 PM

NLC India successfully conducted trial operation of Thermal Project

NLC India informed about their successful completion of 72hrs of continuous trial operation of 500 MW of Second Unit of pit head lignite-fired Neyveli New Thermal Power Project at its rated capacity on 03.02.2021. The 500 MW Capacity Lignite fired Boilers of NNTPP are first of its kind in India. The formal clearance from SRLDC is in process for Declaration of Commercial Operation of the Unit.

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Kisho Capital introduces rolling fund to invest in 20 start-ups annually
Fri, Feb 5, 2021 12:56 PM

Kisho Capital introduces rolling fund to invest in 20 start-ups annually

Delhi-based early-stage venture capital firm Kisho Capital introduced a rolling fund to invest in 20 tech start-ups annually. The fund will invest up to INR 1 Cr in each start-up, focussing on companies in home automation, health-tech, social impact, B2B SaaS and fintech. A rolling fund allows managers to invest at their discretions on behalf of investors.

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Natco Pharma bags registration approval or Chlorantraniliprole
Fri, Feb 5, 2021 12:46 PM

Natco Pharma bags registration approval or Chlorantraniliprole

Natco Pharma on Friday confirmed the achievement of registration approval from Central Insecticide Board & Registration Committee for Chlorantraniliprole Technical, (CTPR), an active ingredient used in pest management products. CTPR technical is formulated into broad-spectrum insecticides used in several crops for better pest management.

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Bajaj Electricals share hits 52-week high after Q3 profit announcement
Fri, Feb 5, 2021 12:35 PM

Bajaj Electricals share hits 52-week high after Q3 profit announcement

Bajaj Electricals share price climbed a 52-week high of Rs 907 on February 5 after the company declared its Q3 results. The consumer electronics firm posted a 948% YoY jump in the Q3-2020 consolidated net profit at Rs 98.2 crore. The company had posted a profit of Rs 9.37 crore in the year-ago period. For Q3, the income from operations stood at Rs 1,500 crore, a YoY rise of 16.8%.

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Brookfield REIT IPO fully subscribed
Fri, Feb 5, 2021 12:25 PM

Brookfield REIT IPO fully subscribed

The Rs 3,800cr Brookfield India REIT IPO is subscribed fully on the final day of bidding, February 5. It is the third REIT IPO after Embassy Office Parks REIT in 2019 and Mindspace Business Parks REIT in 2020. The public issue has received bids for 8.54 crore units against the offer size of over 7.62 crore units. The portion set aside for institutional investors witnessed subscription of 56%.

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Government may initiate privatising airports by 2022
Fri, Feb 5, 2021 12:15 PM

Government may initiate privatising airports by 2022

The Centre will commence privatising airports by 2022 and the Airports Authority of India (AAI) is “examining a possibility” of offloading loss-making airports along with profitable ones. Civil Aviation ministry secretary Pradeep Kharola on February 4 said the awarding process will be for around 10 airports and part of the third phase of airport privatisation.

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Ride Hard. Trade Smart - Let's Start a Movement Together!
Fri, Feb 5, 2021 12:05 PM

Ride Hard. Trade Smart - Let's Start a Movement Together!

Stock market is complex, unpredictable but it's not really a hard nut to crack! Let's learn, let's engage, let's make it a part of our lifestyle! We are on a mission to build an eco-system of financial literacy in India and simplify business, finance, and stocks for everyone! In the next few days, we will be launching a new update that will take us one step closer to our mission! Are you game?

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Vested Finance raises $3.6 million  in seed funding
Fri, Feb 5, 2021 11:55 AM

Vested Finance raises $3.6 million in seed funding

Vested Finance raised $3.6 million in seed funding from foreign and domestic investors. The funding process saw the participation of Moving Capital, Ovo Fund and TenOneTen Ventures, Inflection Point Ventures and Venture Catalysts. The investment platform allows Indians to invest in the US stock market will use funds to accelerate product development and hire talent across the US and India.

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ITC board may announce interim dividend on 11 February
Fri, Feb 5, 2021 11:42 AM

ITC board may announce interim dividend on 11 February

"The Board of Directors of the Company at the meeting convened for Thursday, 11th Feb, 2021, will consider declaration of Interim Dividend for the FY ending on 31st March, 2021," ITC said in a statement to exchanges. After the announcement, ITC stock price was 1.5% higher at ₹233 in noon trade. Shares of the cigarette-to-FMCG major have rallied nearly 35% over the past three months.

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