Latest from Business Upturn
Business Upturn
an hour ago
- Business
- Business Upturn
Why India Pesticides shares surge 9% today? Details here
India Pesticides shares surged 9% in early trade on Friday after the government imposed an anti-dumping duty on the import of Pretilachlor and PEDA from China. The move follows an investigation by the Directorate General of Trade Remedies (DGTR), which found that such imports were causing material injury to domestic manufacturers due to unfair pricing. Pretilachlor, a herbicide primarily used in rice and paddy cultivation, was among the key chemicals targeted by the anti-dumping measures. The duty is intended to create a level playing field for local producers by curbing underpriced imports. The government also extended anti-dumping duties on aluminium foil (5.5 to 80 microns) imported from China and imposed duties on Acetonitrile imports from China, Taiwan, and Russia. Acetonitrile is used in both pharmaceutical and agrochemical industries. India Pesticides shares opened at ₹192.79 and, at the time of writing, hit an intraday high of ₹213.90. The stock touched a low of ₹190.74 during the session. Currently, the 52-week high stands at ₹247.49, while the 52-week low is ₹119.79. As of 10:06 AM, the shares were trading at 8.53% higher at Rs 209.37. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
an hour ago
- Sport
- Business Upturn
Did Emiliano Martinez say 'Yes' to Man United move? Here's what we know
World Cup winner with Argentina Emiliano Martinez has been rumoured to leave Aston Villa. By Ravi Kumar Jha Published on June 20, 2025, 10:05 IST Last updated June 20, 2025, 10:05 IST World Cup winner with Argentina Emiliano Martinez has been rumoured to leave Aston Villa and this rumour was circulating before the start of the summer transfer window. However, there are reports from some top journalist as well that the goalkeeper is in search of a new club. There is a growing speculations about him leaving the side and joining Man United even without European football. However, there's no stringent backing to this reports and Fabrizio Romano or David Ornstein have also been tight-lipped on this topic yet. World Cup-winning goalkeeper Emiliano Martinez has been at the centre of transfer rumours this summer, with reports suggesting he could be set to leave Aston Villa. Speculation regarding his future began circulating even before the start of the transfer window, and recent developments have only added fuel to the fire. Multiple sources have hinted that Martinez is exploring options for a potential move away from Villa Park. Among the most talked-about destinations is Manchester United, despite the club not offering European football in the upcoming season. However, these rumours remain largely unverified, with no confirmation from reliable journalists like Fabrizio Romano or David Ornstein, who have remained silent on the subject. According to the multiple reports, Martinez said, 'yes,' to Man United move but as there is no credible sources behind this, this is still considered to be just a rumour. Ahmedabad Plane Crash Ravi kumar jha is an undergraduate student in Bachelor of Arts in Multimedia and Mass Communication. A media enthusiast who has a strong hold on communication and he also has a genuine interest in sports. Ravi is currently working as a journalist at
Business Upturn
an hour ago
- Business
- Business Upturn
DreamFolks shares fall 5% despite denial of client loss reports
Shares of DreamFolks Services Ltd fell 5% on June 20, despite the company's clarification denying any loss of clients or material impact on its business operations. The stock drop followed a PTI report on June 19, which claimed that major banks and card networks, including ICICI Bank, Axis Bank, and Mastercard, were considering ending aggregator ties with DreamFolks to establish direct partnerships with airport lounge operators. The report also suggested others might follow the same approach. In response, DreamFolks swiftly issued a statement via stock exchanges, strongly refuting the claims. The company said, 'Contract negotiation is a part of the regular business process and has no relation to the alleged news.' It added that client relationships remain robust, with more than 50 active clients under five-year Master Service Agreements (MSAs) that include annual price escalations. DreamFolks emphasized that this structure has been in place since its inception, and there has been no disruption or termination of existing contracts. Dreamfolks shares opened at ₹230.00 and, at the time of writing, touched a high of ₹235.70 before dipping to a low of ₹220.30 in today's trade. The stock remains under pressure, trading significantly below its 52-week high of ₹522.15. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
an hour ago
- Automotive
- Business Upturn
Revolt Motors hits 50,000 EV production milestone, eyes global expansion
By Aman Shukla Published on June 20, 2025, 10:18 IST Revolt Motors has reached a significant milestone with the production of its 50,000th electric bike at its advanced manufacturing facility in Manesar, Haryana. This achievement underlines the company's commitment to sustainability, innovation, and its vision of reshaping mobility in India and beyond. The 50,000th unit, an RV1+ in the distinctive Titan Red Silver colour, represents more than just a production number—it signifies trust, technological excellence, and a growing shift toward clean transportation. Since its inception, Revolt Motors has established itself as the fastest-growing player in the electric motorcycle segment, offering cutting-edge two-wheelers that blend performance with practicality. The brand's portfolio—featuring flagship models like the RV400, RV1+, and the newly launched RV BlazeX—is designed with features tailored for Indian roads. These include robust lithium-ion batteries, regenerative braking systems, multiple smart riding modes, and rider-centric ergonomics that offer durability and comfort across varied terrains. Backed by an installed production capacity of 1.8 lakh units annually, the Manesar plant is a hub of precision engineering and high-quality manufacturing. Revolt has also built a strong retail presence with over 200 dealerships across the country and has recently entered international markets including Nepal and Sri Lanka. This growing footprint cements its status as a Made-in-India success story in the electric vehicle space. Looking to the future, Revolt Motors is set to double its production capacity to over 3 lakh units per year by 2026. With aggressive plans to launch new models and scale its dealership network to 400 locations, the company is poised for broader expansion into South Asia and the Middle East. As Revolt continues to push the boundaries of electric mobility, its mission remains clear: to deliver innovative, reliable, and rider-focused electric motorcycles that drive India—and the world—towards a sustainable future. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
3 hours ago
- Business
- Business Upturn
GMM Pfaudler shares surge over 2% after German subsidiary secures Rs 330 crore contract from European client
By Aditya Bhagchandani Published on June 20, 2025, 09:23 IST GMM Pfaudler shares surged over 2% today after its wholly owned German subsidiary, Pfaudler Normag Systems GmbH, has signed a significant contract worth €33.2 million (approximately ₹330 crore) with a European-based customer. The deal involves the design, engineering, and supply of comprehensive acid recovery equipment and systems. As of 9:22 am the shares were trading at Rs 1,185 on NSE According to the exchange filing, the contract spans four years and includes a 30% upfront payment upon signing. The client, whose identity remains undisclosed due to confidentiality agreements, is a European manufacturer of light and medium weapons, ammunition, and tools catering to both defence and civilian sectors. GMM Pfaudler stated the project is expected to contribute meaningfully to the company's revenue over the execution period. Financial backdrop The announcement comes shortly after GMM Pfaudler reported a consolidated net loss of ₹27 crore in Q4 FY25, compared to a net profit of ₹27.6 crore in Q4 FY24. This figure excludes one-time closure costs of ₹47.7 crore related to severance, inventory write-offs, asset impairments, and other exceptional expenses. Despite the loss, revenue from operations rose 8.9% YoY to ₹806.6 crore. However, EBITDA declined 57.5% to ₹83.3 crore, and margins contracted to 10.3% from 12.1% in the same period last year. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
