The Confederation of Indian alcohol Companies has urged the ten states for allowing sale of alcohol ic beverages by saying that a blanket ban during the lockdown to contain corona virus has resulted in sale of illicit and spurious liquor while causing burden on exchequer. The body noted that the...
Stocks to Watch: on Friday the share ended on a positive after showing a mix of reds and greens as the market was trading lower in the morning session but closed in the green. Nifty increased by 29 points to finally stop at 12,720 points and Sensex increased by...
Unemployment : Since the pandemic situation began, the US has suffered its worst growth numbers in a decade and the worst retail sales report on record. Just about two months ago, the unemployment rate was at 3.5%, a 50-year low. Economist Erica Groshen the former head of the government's...
GlaxoSmithKline Plc (GSK) will begin selling its stake in Hindustan Unilever Ltd estimated to be worth almost ₹29,850 crore (between $3.5-3.7 billion), a person aware of the development told. GSK received the shares earlier this month in return for the sale of its Indian consumer business to Hindustan Unilever...
Maruti Suzuki India Ltd also known as Maruti Udyog Ltd is an automobile manufacturer in India. Maruti Suzuki which is the country's largest carmaker reported on Friday that zero domestic sales last month. That was the first time ever that Maruti Suzuki posted zero sales in a month in...
ICICI Bank ;the largest private company of country, on Saturday reported 26% rise in its net profit at ₹1,221Cr for the quarter by March 31 2020. The lender's net profit in year ago period was ₹969 Crore. The lender missed the average estimate of ₹3,510.50 crore made by 16...
On Friday, the share market ended in a negative territory mainly dragged down by losses in FMCG stocks, banks, and auto sectors. The Sensex closed with a loss of 136 points to 39,614 points while the nifty closed with a loss of 8 points to 11,642 points. These losses...
The Battle between Reliance and Amazon: Jeff Bezos has been setting hands in almost everything from grocery delivery to insurance to drugs in India. Thus begins the epic clash between Amazon and Mukesh Ambani's hard-charging Jio platforms. This U.S. based company has been spreading at the speed at which no...
India’s largest car manufacturer Maruti Suzuki will restart operations at its Gurugram plant in Haryana on Monday after concerning fifty-five days of closure because of the coronavirus-led lockdown, the company informed BSE. The company in an exceedingly letter to BSE said that it would "..restart production of vehicles at Gurugram...
Wednesday Market Highlights: The Sensex and Nifty discontinued their last day’s negativity and ended on a positive note for the third trading day of the week. The session remained on a flat note on Wednesday after gains from FMCG, pharma, and IT. The Sensex closed at, 38,068 points, 95...