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PG Electroplast Ltd Falls 7.7%

PG Electroplast Ltd Falls 7.7%

PG Electroplast Ltd has lost 29.1% over last one month compared to 1.44% fall in BSE Consumer Durables index and 3.17% drop in the SENSEX
PG Electroplast Ltd lost 7.7% today to trade at Rs 543.7. The BSE Consumer Durables index is down 0.66% to quote at 58636.95. The index is down 1.44 % over last one month. Among the other constituents of the index, Voltas Ltd decreased 5.6% and Amber Enterprises India Ltd lost 1.92% on the day. The BSE Consumer Durables index went up 0.42 % over last one year compared to the 0.23% surge in benchmark SENSEX.
PG Electroplast Ltd has lost 29.1% over last one month compared to 1.44% fall in BSE Consumer Durables index and 3.17% drop in the SENSEX. On the BSE, 56849 shares were traded in the counter so far compared with average daily volumes of 2.06 lakh shares in the past one month. The stock hit a record high of Rs 1054.95 on 06 Jan 2025. The stock hit a 52-week low of Rs 415 on 14 Aug 2024.
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UP govt signs MoU with UK for Chevening scholarship for study at Britain's top varsities
UP govt signs MoU with UK for Chevening scholarship for study at Britain's top varsities

Indian Express

time25 minutes ago

  • Indian Express

UP govt signs MoU with UK for Chevening scholarship for study at Britain's top varsities

The Uttar Pradesh government on Tuesday signed a memorandum of understanding (MoU) with the United Kingdom's Foreign, Commonwealth & Development Office (FCDO) for the 'Chevening-Atal Bihari Vajpayee Uttar Pradesh State Government Scholarship Scheme' under which five meritorious students from the state will pursue master's degrees at Britain's leading universities every year. The agreement was signed in Lucknow by British High Commissioner to India, Lindy Cameron, in the presence of Chief Minister Yogi Adityanath. The UP Cabinet had recently approved the proposal for the scholarship scheme. Speaking on the occasion, Chief Minister Adityanath said this scholarship scheme will serve as a powerful platform to transform the state's education system and prepare the youth for global leadership roles. The scheme, he emphasised, aimed to enable meritorious students to achieve excellence in education, research, and leadership at the international level. The programme will commence from the academic session 2025-26 and run for three years, with the possibility of renewal from the 2028-29 session. The CM urged the students to 'seize this opportunity and enhance the pride of both the state and the country'. The scholarship covers tuition, examination and research fees, living allowances, and airfare to and from the UK. The total cost per student is estimated to be £38,048 to £42,076 (Rs 45–48 lakh), with the state government contributing around £19,800 (Rs 23 lakh) and the remainder funded by the FCDO. The British High Commissioner highlighted that under the scholarship scheme, five students will receive full scholarships to study in the UK each year for the next three years. This initiative reflects the strengthening ties between India and the UK, an official statement said, adding this comes in the wake of Prime Minister Narendra Modi's recent visit to the UK, where he had signed the Trade Agreement and Vision 35, opening new avenues for business and education. On August 7, the state Cabinet had given nod to the draft proposal titled 'Bharat Ratna Shri Atal Bihari Vajpayee-Chevening Uttar Pradesh State Government Scholarship Scheme'. The government then announced that the scholarship will provide for students' stay and study at top UK institutions like the universities of Oxford, Cambridge, Edinburgh, and the Landon School of Economics and Political Science (LSE). UP Higher Education Minister Yogendra Upadhyay then had stated the scheme will be renewed or extended thereafter. He had also said the funding will be equally shared by the state government and FCDO. The state government has cleared Rs 2 crore for the current financial year for the programme, it is learnt.

A step closer to gig workers' safety, onus on aggregators
A step closer to gig workers' safety, onus on aggregators

Time of India

timean hour ago

  • Time of India

A step closer to gig workers' safety, onus on aggregators

Bengaluru: The legislative assembly Tuesday passed the Karnataka Platform-Based Gig Workers (Social Security and Welfare) Bill, 2025, placing obligations on aggregators to provide social security benefits, including occupational health and safety, to gig workers. Tired of too many ads? go ad free now Proposing to establish the gig welfare fund on the lines of the fund for construction workers, the govt had earlier promulgated an ordinance on April 11, with governor Thaawar Chand Gehlot giving assent on May 27. The Bill now replaces the ordinance and envisages the creation of a Gig Workers Welfare Board to manage the fund and extend welfare measures. Opposition members, including CN Ashwath Narayan, suggested the govt also contribute to the fund along with aggregators. In response, labour minister Santosh Lad, who tabled the bill, said such suggestions would be considered while framing rules for legislation. However, to a proposal from BJP's Suresh Kumar to bring outsourced employees under the bill, Lad said: "They can't be included as they do not fit the definition of gig workers. " Lad explained that the contribution of aggregators to the fund would be determined by the Board. The bill allows aggregators to collect 1% to 5% of a gig workers' welfare fee from customers, which must be deposited into the fund at the end of each quarter. "The legislation ensures social security for gig workers. It is the need of the hour considering the rapid emergence of the gig economy," Lad said. "A NITI Aayog report says by 2029-30, about 23.5 million people will be employed as gig workers, creating many opportunities in this sector. There are about 4 lakh gig workers in Karnataka." Key provisions of the bill include a dispute resolution mechanism, registration of gig workers and aggregators with the Board, and measures to provide reasonable job security and health safety. Tired of too many ads? go ad free now The Board will comprise four representatives from gig workers' associations, representatives of aggregators, and two from civil society. It will also have powers to enter into agreements between gig workers and aggregators to prevent indiscriminate termination. Gig workers may also file complaints against aggregators before the Board, and in case of injustice, appeal before an Internal Dispute Committee even against the Board itself. Highlighting challenges workers face, Lad said: "Gig workers, especially two-wheeler riders, are constantly exposed to noise and environmental pollution. Some work 18 hours to earn Rs 1,800, taking on 25 to 30 delivery tasks a day. They face severe health hazards which is why this bill has been introduced." Who is a gig worker? The bill defines gig workers as those engaged through online platforms for services such as food and grocery delivery, logistics, e-market operations, health services, travel and hospitality besides others. It states that a gig worker is a person who performs or participates in a work arrangement, is paid a fee as per terms of a contract, and whose work is sourced through a platform in the services specified in the schedule.

Bengal steel industry to get Rs8,000cr investment over 5 years
Bengal steel industry to get Rs8,000cr investment over 5 years

Time of India

timean hour ago

  • Time of India

Bengal steel industry to get Rs8,000cr investment over 5 years

Kolkata: Bengal's steel industry is poised for an investment of Rs 8,000 crore over the next five years, as two major players are set to expand their production capacity to meet the rising demand. Tired of too many ads? go ad free now Shakambhari Group, an integrated steel manufacturing conglomerate, plans to invest Rs 5,000 crore to build a new steel plant in Purulia by 2030-31. Another Bengal-based player, Adukia Industries, will invest Rs 3,000 crore to ramp up the capacity of its existing facility in Purulia over the next five years. The companies revealed their investment plans on the first day of the Bigmint India Ferrous Week, a three-day industry conference jointly organised by Steel Re-Rolling Mills Association of India (SRMA) and West Bengal Sponge Iron Manufacturers Association (WBSIMA). Shakambhari Group's CMD Deepak Kumar Agarwal said, "Over the past decade, we took over and revived several sick manufacturing units. We also acquired an aluminium unit. We have manufacturing units in Durgapur, Asansol, and Purulia. At Raghunathpur in Purulia, we have acquired 500 acres to set up an integrated steel plant, with an investment of Rs 5,000 crore in five years." Vivek Adukia, director of Adukia Industries and chairman of SRMA, said Bengal had huge land banks at Junglesundari in Purulia and at Panagarh Industry Park in West Burdwan for steel manufacturing units. "Currently, we have six manufacturing units in the state – two in West Burdwan, two in East Burdwan, one in Purulia, and a casting unit in Howrah. The Centre's National Steel Policy 2017 aims to meet a crude steel production capacity of 300 million tonnes by 2030 in the country. By March this year, the industry had already achieved 156 million tonnes production. To expand our business, we are going to invest Rs 3,000 crore in five years on the augmentation of the Purulia unit," Adukia said.

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