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...
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...
Hong Kong 's wealth fund ensure the stability of the HK currency suffered a HK$86.1 billion i.e. US$11 billion loss in the first quarter. Its biggest ever, as stocks tumbled globally. The HK$4 trillion fund acts as a backstop to ensure the stability of Hong Kong’s currency and as...
The yield of eight center framework enterprises shrank by a record 6.5 percent in March because of huge plunge underway of unrefined petroleum, flammable gas, compost, steel, concrete, and power in the midst of the coronavirus lockdown. The eight center areas had extended by 5.8 percent in March 2019. In...
Indian imports - The export of Indian goods to Bangladesh via the Petrapole border in West Bengal was halted on Wednesday following protests by the exporters in Bangladesh, an official of Federation of Indian Exporter Organisations (FIEO) said. India has allowed export of goods from Petrapole with Bangladesh on June...
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...
Reliance Industries head Mukesh Ambani has chosen to renounce his whole pay as the organization reported compensation cuts and suspension of execution connected installments for its representatives in the hydrocarbon business which has been seriously hit because of frail interest in the midst of the coronavirus pandemic. PM Narendra Modi...
The government has announced a new Public Sector Enterprise policy that will open up all the sectors for the private sector while the public sector enterprises will play an important role in the defined areas. The new policy will broadly categorise strategic sectors. The government will notify a list of...
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...
The Securities and Exchange Board of India (SEBI) told on Thursday that it has advised Franklin Templeton Mutual Fund to focus on returning money to investors, in the context of their winding up six of their debt schemes. The market regulator's comments come a day after Franklin Templeton’s global...