States

Pramod Sawant, re- appointed as Goa CM. Goa Chief Minister Pramod Sawant on Monday said all cities need to identify long-term revenue models based on the infrastructure, which is being created under the Smart Cities Mission. Sawant was addressing the Smart Cities CEOs conference on data and technology, which is currently underway in the state. "In Goa, we have the saying ’Swayampurna Goem’, which is related to the concept of ’atmanirbharta’ (self-reliance)," the chief minister said. There is a need for all cities to identify long-term revenue models based on the infrastructure that is being created under the Smart Cities Mission, he said. This will ensure self-sustainability of all smart cities once the mission has concluded and will help fund future endeavours of the special purpose vehicles (SPVs), Sawant said. The Smart Cities Mission has covered a lot of ground, but smart cities need smart people as well. Universities, students, private and government institutions … [Read more...] about Cities must identify revenue models based on infrastructure created under Smart Cities Mission: Goa CM Sawant

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on Tata Communications Tata Communications (TCom) is the leading global digital ecosystem enabler. It provides its clientele with state-of-the-art solutions across a wide range of communication, collaboration, cloud, mobility, connected solutions, network and data centre services. Outlook We maintain HOLD as the growth – margin construct is not in sync. We value TCom at a target price of Rs 1290. For all recommendations report, click here Read More Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Hold Tata Communications; target of Rs 1290: ICICI Direct

Nykaa stated that currently, P Ganesh is CFO at TAFE Group.(Representative image) Nykaa, which is operated by its listed parent company FSN E-Commerce Ventures , on January 23 said that it has appointed P Ganesh as the company's chief financial officer (CFO) with effect from February 3, 2023. Currently, he is CFO at TAFE Group. Prior to TAFE, he has held leadership roles in India and overseas with the Godrej Group, Glenmark Pharma and Pidilite. As per the company's regulatory filing, P Ganesh is a Chartered Accountant, Cost and Management Accountant and Company Secretary and has over 27 years of "rich industry experience in domestic and international markets." Commenting on the appointment,  Falguni Nayar, Founder and CEO, Nykaa, said, “We are pleased to welcome Ganesh to our leadership team and be part of Nykaa’s growth story that will benefit from his rich financial experience. His knowledge about the Indian financial market and insights into International markets will … [Read more...] about Nykaa appoints P Ganesh as CFO effective February 3

Representative image A top India-centric American business advocacy group, in collaboration with various US government agencies and a prestigious university, has announced an alliance to increase the number of women in STEM education and the workforce in India. The launch of the US-India Alliance for Women's Economic Empowerment STEM Collaborative was announced by Mukesh Aghi, president and CEO of the US-India Strategic and Partnership Forum during the US-India Alliance Shatter Summit. "India and the US tech synergy is well evinced in India being an IT powerhouse and the US having the most robust tech economy. However, there is still a lacuna in the number of male and female STEM graduates," Aghi said. "For India to unleash its full potential, there needs to be a concerted effort to get more young girls and women in STEM (science, technology, engineering and maths)," he said. The US-India Alliance for Women's Economic Empowerment is a public-private partnership between … [Read more...] about Alliance launched to increase number of women in STEM education, workforce in India

Pharma major Glenmark Pharmaceutical's facility in Baddi, Himachal Pradesh, which was placed under import alert in October last year has been provided an exception which allows the company to supply Atovaquone Oral Suspension Also Read: Glenmark launches drug to treat heart failure "We refer to our letter dated 26th October 2022 informing you about the US FDA placing the Baddi (India) facility under import alert 66-40. We now wish to inform you that due to medical necessity and potential drug shortage expectations, the US FDA has provided an exception which enables the Company to supply Atovaquone Oral Suspension USP 750mg/5 to the US market," Glenmark said in a stock exchange filing on January 27. Also Read: Glenmark introduces medication to prevent chemotherapy-induced nausea The exception will be reconsidered if the market conditions change, the letter to the bourses stated. Read More Also Read: Glenmark launches generic version of diuretic … [Read more...] about US FDA exempts Glenmark’s Baddi plant due to drug shortage

The Life Insurance Corp. of India headquarters in Mumbai. Photographer: Dhiraj Singh/Bloomberg Shares of Indian banks and Life Insurance Corp. of India plunged on Friday amid concerns about their exposure to the Adani Group following a scathing short-seller report. The NSE Bank Nifty Index extended declines of the previous session, underperforming broader stock benchmarks. Bank of Baroda and State Bank of India were among the biggest decliners. “Negative sentiment is prevailing in the market, which is weighing on bank stocks,” said Kranthi Bathini, chief market strategist at WealthMills Securities Pvt. “Some of it is due to worries about Adani collateral,” although there’s also a bout of profit-taking after the rally in recent months, he added. Indian banks have reported sterling results over the past weeks, with their quarterly profits soaring driven by scorching credit demand. That euphoria has now been overshadowed by the drama unfolding in the country after US … [Read more...] about Adani report fallout: Banking, LIC shares crack

Godfrey Phillips' revenue from cigarette business increased nearly 30 percent to Rs 1,000 crore in Q3FY23 from Rs 771 crore in Q3FY22 (Representative image) Cigarette maker Godfrey Phillips India Ltd on January 27 reported a 70.3 percent surge in consolidated net profit at Rs 199.30 crore for the quarter ended December 31, 2022. The company had reported a net profit of Rs 117 crore in the year-ago period. However, sequentially, the net profit almost came flat from Rs 201 crore in the previous quarter (July-September period). On a standalone basis, the company's net profit jumped 55.5 percent to Rs 182 crore in the quarter under review from Rs 117 crore last fiscal. Revenue from operations for the said quarter also increased 30 percent to Rs 919.6 crore as against Rs 706 crore in the same quarter last fiscal. Moreover, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 20 percent to Rs 209.8 crore in the December 2022 quarter as … [Read more...] about Godfrey Phillips Q3 net profit jumps 70% YoY to Rs 199 crore

Air India reviewed its inflight alcohol service policy on January 24 and made some adjustments after embarrassing onboard incidents that triggered fines and public anger. As part of the review, the airline said it will adopt the US National Restaurant Association’s traffic light system to tactfully refuse alcohol to passengers if they seem to be at risk of behaving inappropriately. What is the National Restaurant Association’s traffic light system? The National Restaurant Association’s traffic light system asks servers to determine whether a customer needs to be cut off from being served liquor. The system categorises passengers into green, yellow or red stages based on their behaviour, body language, facial cues, and ability to comprehend instructions. Read More COVID-19 Vaccine Frequently Asked Questions View more How does a vaccine work? A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to … [Read more...] about MC Explains | Air India’s new system to identify drunk passengers

The “watch duty time limitations and rest requirements” set forth by the DGCA on January 11 for controllers state that an air traffic controller's shift cannot last longer than 12 hours (Representative Image) The Directorate General of Civil Aviation ( DGCA ) rejected the Airports Authority of India ( AAI ) proposal to provide relaxation for airports with fewer flights in order to enable it to overcome a manpower shortage and instead issued new rules for the duty hours of air traffic controllers, as per a report in The Hindu . Although a version of these rules was initially announced in November 2020, the AAI found it challenging to comply with them because it required more staff to offer the required rest period. Since then, it has requested exemptions five times and suggested various duty hours for four distinct types of airports based on the volume of air traffic they handle: large airports, or those with more than 400 flights per day, as well as airports with up to … [Read more...] about DGCA sets new rules for duty timings of air traffic control employees

Everyone has the perpetual desire to earn and save money and has the expectancy to grow their money multifold. It’s a perennial search for options and one can equate the financial market to the ocean. The German linguist Heinrich Zimmer once described the ocean as “limitless and immortal, the beginning and end of all the things on earth”. Equivalently the financial market has never been run short of investment options or investment possibilities. Hence, the plethora of options for making money grows for future purposes, and people are caught in the middle of what options might be the better choice to get a Fixed return for a shorter or longer duration. As the ocean has the biggest fish, the finance market has the FD (Fixed Deposit) which has been predominantly trusted by investors. There are other better yield instrument options available, yet those instruments lack adequate trust among investors. Lately, equity, mutual funds, PPF, crypto, and Government bonds have become the … [Read more...] about Why are NCD IPOs important to invest in?