India’s largest drug company Sun Pharmaceutical Industries on May 12 announced that it would pay the equivalent of two years’ wages to the families of workers killed by COVID-19 in India. Payment will be a minimum of 25 lakh and a maximumun of 1.2 crore, depending on the employee’s salary. The company also ensured that …
Gold prices rose 2.19 per cent during the week to pay Rs 47,760 per 10 grams for safe purchases between growing coronavirus cases and details of weak US operations, but the set side was bound by a strong rupee. The weakness of the dollar and the declining yield helped revive some bullion purchases after last …
Groww, one of India’s leading investment platforms, will take on the Indiabulls group’s mutual fund business by 175 crore. The transaction will only involve the joint venture business of the Indiabulls group. Other investment funds and portfolio management services businesses will remain part of the Indiabulls team.Once Groww has obtained approval from the Securities and …
Groww to buy the Indiabulls’ mutual fund business for $ 175 Read More »
India’s top oil refineries are cutting back on imports and imports as the growing COVID-19 epidemic has reduced fuel consumption, which has led to higher crop yields, company officials told Reuters on Tuesday. Indian Oil Corp, the country’s largest refiner, has reduced the run to an average of between 85 percent and 88 percent energy …
Indian oil refineries cut out the imports, importing them as required by the plague Read More »
The Telecom Equipment Manufacturers Association of India (TEMA) has signed an agreement with the India-Canada Chamber of Commerce (ICCC) to jointly promote ‘AtmaNirbhar Bharat’, and according to a statement, Telecom and ICT Facilitates investment and manufacturing in regions. TEMA CONNEXT 2021 will come on board as a partner organization for India’s Virtual Trade Mission from …
Make in India, along with TEMA ICCC, promotes investment, manufacturing Read More »
Foreign institutional investors (FIIs) who converted total retailers last month poured $ 7.3 billion into Indian markets in March quarterly, data from Motilal Oswal showed, while local institutional investors recorded a $ 3.2 billion outflow. FIIs increased the figure to more than 60 percent of Nifty-50 companies in QoQ, while DIIs reduced participation to 62 …
The FMCG companies continues to see rising prices in categories such as soaps, edible oils, tea and detergents due to sustained inflation on essential oils such as palm oil, crude tea and copra. Increased packaging costs and crude oil prices, too, add to the pressure. Hindustan Unilever has increased the prices of its brands such …
HUL, Marico prices increses; Will other FMCG companies follow suit? Read More »
Bandhan Bank could see pressure at a higher level in the next two years before things get better, given the impact of the second wave of COVID on small lenders, which make up the bulk of the bank’s customer.Analysts were expecting signs of depression in Bandhan Bank’s books in Q4 primarily from Assam mortar. The …
Analysis | Bandhan Bank Q4 numbers put pressure on its books; the worst is not over yet Read More »
Berkshire Hathaway Inc changed its course on Friday and told a group of activists that it could bring the shareholders’ proposal away from the company’s annual general meeting on May 1, in line with new leadership from the U.S. security regulator. Warren Buffett’s insurance and investment company has traditionally attracted thousands to its prestigious annual …
Berkshire Hathaway gives the activist the right to touch it on May 1 Read More »
How quickly times and feelings change! For the first week of March, everything seemed to be going well and we were well on our way to achieving our best economic year with a two-digit GDP growth rate. With the second tsunami of COVID-19 coming, it all looks like a distant memory. The second wave, in …
