Business
Credit Suisse cuts metals, underweight on IT

Credit Suisse cuts metals, underweight on IT

26-05-2021  comments

New Delhi (IANS) Credit Suisse is cutting metal stocks from overweight (OW) to underweight (UW) in its latest India market strategy.

"We book profits on metals, reversing positions added in December-20 and earlier, as P/B relative to market…

India's GDP may grow faster than estimated in Q4 but FY22 growth may falter

India's GDP may grow faster than estimated in Q4 but FY22 growth may falter

25-05-2021  comments

New Delhi (IANS) There is both good news and bad news on the economic front for India that is looking to come out from the second and deadlier wave of Covid pandemic.

The good news is that the country's GDP is expected at faster pace than…

Bharat Biotech expects WHO approval for Covaxin by July-Sep

Bharat Biotech expects WHO approval for Covaxin by July-Sep

25-05-2021  comments

Hyderabad (IANS) Bharat Biotech has said on Tuesday that it is expecting regulatory approvals from the World Health Organisation (WHO) for its Covid-19 vaccine Covaxin by July-September 2021.

The Hyderabad-based company stated that application…

Renault Nissan Automotive to shut down TN plant for 5 days

Renault Nissan Automotive to shut down TN plant for 5 days

25-05-2021  comments

Chennai (IANS) A day after its workers union announced indefinite boycott of work from May 26, Franco-Japanese car making joint venture Renault Nissan Automotive India Private Ltd on Tuesday decided to close its factory between May 26-30 and restart…

Renault Nissan workers to boycott work from May 26

Renault Nissan workers to boycott work from May 26

24-05-2021  comments

Chennai (IANS) Unless their safety is ensured at the plant, workers of the Renault Nissan Automotive India Private Ltd have decided to boycott duty from May 26 onwards, the Renault Nissan India Thozhilalar Sangam (RNITS) has said.

The RNITS…

Landomus takes ad route to request PM for $500 billion investment

Landomus takes ad route to request PM for $500 billion investment

24-05-2021  comments

New Delhi (IANS) A relatively unknown US based company Landomus Group has announced a Build India programme under which it would like to invest $500 Billion in Equity as the first phase of the $2 Trillion investment.

This would be into the…

FMCG stocks significantly outperformed market over 20 years

FMCG stocks significantly outperformed market over 20 years

23-05-2021  comments

New Delhi (IANS) Consumer staple sector or FMCG stocks have significantly outperformed the market over the past 20 years.

As per a research by Jefferies, over the last two decades, while Nifty has returned 11.4 per cent Cagr, the market-cap…

CII suggests changes in RBI norms for appointment of statutory auditors by banks, NBFCs

CII suggests changes in RBI norms for appointment of statutory auditors by banks, NBFCs

23-05-2021  comments

New Delhi (IANS) The Confederation of Indian Industry has come up with several recommendations for changes in the Reserve Bank of India's guidelines for appointment of statutory auditors by banks and NBFCs.

Commending the RBI's intent…

LMO from Singapore sourced by IndianOil unloaded at Vizag Port

LMO from Singapore sourced by IndianOil unloaded at Vizag Port

23-05-2021  comments

Visakhapatnam (IANS) IndianOil unloaded a consignment of 11 ISO tanks filled with Liquid Medical Oxygen (LMO), carried from Singapore by Indian Navy's INS Jalashwa, at Vishakhapatnam Port on Sunday.

The same vessel also carried two more…

Amazon to retire Prime Now, allows 2-hour deliveries on main app

Amazon to retire Prime Now, allows 2-hour deliveries on main app

22-05-2021  comments

New Delhi (IANS) Amazon has announced to shut down its standalone Prime Now delivery app, and the two-hour delivery options will now be available on its main app and website.

The company said that in India, Japan and Singapore, it has already…

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