$30 Mn bagged by DeHaat rom Prosus to expand networks
Tue, Jan 19, 2021 3:10 PM

$30 Mn bagged by DeHaat rom Prosus to expand networks

Agritech startup DeHaat bagged $30 Mn in a Series C funding round led by global consumer internet group Prosus Ventures (previously known as Naspers). Existing investors Sequoia Capital India, Entrepreneurial Development Bank FMO, Omnivore and AgFunder also participated in this round. The start-up will use the funding to enhance its network across geographies.

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Alembic Pharma Q3 PAT increased by 24.9% yoy at Rs292.57cr
Tue, Jan 19, 2021 3:00 PM

Alembic Pharma Q3 PAT increased by 24.9% yoy at Rs292.57cr

Alembic Pharma announced an 8.69% growth YoY in Dec-20 quarter consolidated revenues at Rs1,314.23cr. Pharma sectors have benefitted from the pandemic as they saw huge advance orders. That is the reason sequential sales are down. For the Dec-20 quarter, the consolidated operating profits were up 12.32% at Rs318.11cr. Consolidated PAT for the Dec-20 quarter was up 24.93% at Rs 292.57 cr.

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Petrol cost over Rs 85 for first time in Delhi
Tue, Jan 19, 2021 2:52 PM

Petrol cost over Rs 85 for first time in Delhi

Petrol price crossed the Rs 85 a litre mark in the national capital and diesel climbed to Rs 75.38 a litre after rates were raised for the second consecutive day. Petrol and diesel prices increased by 25 paise per litre each, according to a price notification from oil marketing companies. This took the petrol price in Delhi to Rs 85.20 per litre and to Rs 91.80 in Mumbai.

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Bitcoin’s turbulence aided the growth of rival Ether
Tue, Jan 19, 2021 2:46 PM

Bitcoin’s turbulence aided the growth of rival Ether

Bitcoin’s recent turbulence turned the cryptocurrency spotlight onto other digital coins like Ether, whose gain this year has outstripped the performance of its bigger rival. The world’s largest cryptocurrency hovered around $36,000 on Tuesday for the fifth day after major gyrations earlier in January. The wobbles in Bitcoin encouraged crypto investors to chase other coins like Ether.

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CoinDCX introduced CoinDCX Go for mass adoption among crypto investors
Tue, Jan 19, 2021 2:35 PM

CoinDCX introduced CoinDCX Go for mass adoption among crypto investors

CoinDCX introduced CoinDCX Go to help novel investors adopt cryptocurrency as a potential asset class. The exchange is looking for mass adoption among beginner investors in crypto especially millennial and Gen Z and aims to onboard 50 million Indians. CoinDCX Go, specially designed for novel crypto investors, offers quick check-in and check-out of crypto investing experience.

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98 patents bagged by Tata Motors in 2020
Tue, Jan 19, 2021 2:00 PM

98 patents bagged by Tata Motors in 2020

Tata Motors on Tuesday announced the awarding of 98 patents last year under its accelerated drive for engineering excellence and innovation. These patents predominantly relate to the megatrend of CESS (connected, electrified, sustainable and safe) automobiles. The patents also encompass an eclectic mix of improvements in automotive electronics, and noise vibration and harshness among others.

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Global flexi workspace platform Workthere in India launched by Savills
Tue, Jan 19, 2021 1:50 PM

Global flexi workspace platform Workthere in India launched by Savills

Savills India on January 19 unveiled Workthere in India, which is a brokerage-backed online listing platform for flexible, co-working, and managed office spaces, across geographies. The platform will showcase flexible office spaces from over 40 brands with over 70,000 seats spanning across six cities, including Delhi NCR, Mumbai, Pune, Chennai, Bengaluru and Hyderabad.

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Bank of Maharashtra Q3 net climbs by 13.9% at Rs 154 crore
Tue, Jan 19, 2021 1:34 PM

Bank of Maharashtra Q3 net climbs by 13.9% at Rs 154 crore

Bank of Maharashtra announced a 3.42% growth YoY in revenues in the Dec-20 quarter at Rs 3,577 cr. Even as investment income remained flat due to lower yields, the interest on advances saw a sharp spike in the current quarter compared to the previous year. For the Dec-20 quarter, the operating profits were up 7.18% at Rs902.19cr. Profits after tax (PAT) were up 13.91% at Rs 154.07 cr.

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Mumbai and Pune resumes COVID-19 vaccination after 2 days
Tue, Jan 19, 2021 1:28 PM

Mumbai and Pune resumes COVID-19 vaccination after 2 days

After a gap of two days, the COVID-19 vaccination drive resumed in Mumbai and Pune on Tuesday morning. However, there was no rush of beneficiaries for taking jabs in the metropolis. A doctor at a vaccination centre in Mumbai said the response was slow in the morning, but the process was gradually picking up. The inoculation drive resumed at 9 centres in Mumbai and 28 centres in Pune.

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Severely allergic individuals should not take Covishield vaccine
Tue, Jan 19, 2021 1:23 PM

Severely allergic individuals should not take Covishield vaccine

Severely allergic individuals to any ingredient of COVID-19 vaccine ''Covishield'', like L-Histidine, L-Histidine hydrochloride monohydrate, and Magnesium chloride hexahydrate among others should not receive it, SII said. The vaccine maker also suggested that recipients should also brief the healthcare provider about all the medical conditions before getting the Covishield.

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JBM Auto bags order from DTC for 700 BS-VI compliant AC CNG buses
Tue, Jan 19, 2021 1:10 PM

JBM Auto bags order from DTC for 700 BS-VI compliant AC CNG buses

JBM Auto Ltd on Tuesday announced the receiving of an order from DTC for the supply of 700 BS-VI compliant AC low-floor CNG buses. The order includes ''CITYLIFE'' BS-VI buses, equipped with modern features like smartcard ticketing system, real-time passenger information system (PIS), intelligent transport management system (ITMS), and automatic bus vehicle location system among others.

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🎉 And we reach 50,000 🎉
Tue, Jan 19, 2021 12:50 PM

🎉 And we reach 50,000 🎉

Three and half months from launch and today our community is 50,000+ strong! We are on a mission to build the first investment community of India and build a financially literate country! We are overwhelmed by the love and support we got from all of you as of now. We have just started our journey and we have miles to go. 50K done is 3 months let's reach 100K in the next 3 weeks together!

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Oil Minister launched two welfare projects of ONGC at Betul in MP
Tue, Jan 19, 2021 12:45 PM

Oil Minister launched two welfare projects of ONGC at Betul in MP

Oil Minister Dharmendra Pradhan unveiled 2 projects supported by ONGC for the welfare of people in Betul district of MP in line with PM Narendra Modi’s vision to increase renewable energy usages and making India Atmanirbhar. The minister distributed Solar Chulhas to poor households in Betul. ONGC has got solar chulhas designed and developed through IIT Bombay, at Rs 90 lakh investment.

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Up to Rs 34k price hiked across Maruti Suzuki models
Tue, Jan 19, 2021 12:31 PM

Up to Rs 34k price hiked across Maruti Suzuki models

Auto-giant Maruti Suzuki announced the details of the price hike across its models and ranges. Last month, the automaker had already informed exchanges about price hike starting 2021 across its vehicles. The price change varies across models and ranges up to Rs34,000 (Ex-Showroom - Delhi), and the new prices of automobiles will be effective from January 18, 2021.

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Welspun One Logistics Parks unveils warehousing AIF
Tue, Jan 19, 2021 12:14 PM

Welspun One Logistics Parks unveils warehousing AIF

Welspun One Logistics Parks announced the launch of its first Alternative Investment Fund (AIF) product “Welspun One Logistics Parks Fund I" today. The fund, a SEBI-registered Category II AIF, is India’s first warehousing fund that provides domestic institutions, HNIs, family offices, and NRIs, an opportunity to invest in the warehousing and industrial real estate sector.

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