Players like Jio are coming and shaking up the whole space: Nestle CMD

New Delhi (IANS) Suresh Narayanan, Chairman and Managing Director, Nestle India in a Q&A session with a broking house, Jefferies said there is going to be a lot of interesting play in the consumer goods industry as a result of COVID.

He said…

In-home consumption surges as people binge on biscuits, salty snacks

New Delhi (IANS) Food categories like biscuits, salty snacks, instant noodles, beverages, edible oils are seeing an increase in demand as in home consumption increases while out of home consumption of FMCG products is expected to take a back seat…

Petrol, diesel prices rise third day in a row

New Delhi (IANS) Oil marketing companies on Tuesday increased the price of petrol and diesel by 54 and 58 paise per litre respectively, the third such successive raise to cover for the rise in global crude prices.

The increase has been made…

Amid corona crisis, FIIs return to India as stocks get attractive

Mumbai (IANS) In the midst of the pandemic and global slump, Indian equities have turned out to be a favoured investment destination for foreign institutional investors (FII), courtesy low valuations and recent stimulus measures along with steps to…

RIL shares hit fresh high with another investment in Jio

Mumbai (IANS) Shares of Reliance Industries (RIL) touched a fresh all-time high of Rs 1,624, a day after the company announced another major investment into Jio Platforms.

On Sunday evening RIL announced an investment of Rs 5,683.50 crore by…

IndusInd Bank promoters to buy more shares from open market

Mumbai (IANS) Promoters of IndusInd Bank are set to increase their stake in the bank by purchasing additional shares from the open market.

In a regulatory filing, the bank informed the exchanges about the decision of the promoters.

The…

India may achieve current account surplus despite pandemic

New Delhi (IANS) Despite the Covid-19 pandemic, India is expected to achieve current account surplus due to lower crude oil prices this fiscal, according to a SBI Ecowrap report on Monday.

According to the report, with capital flows turning…

Centre tries to quell concerns of lower tax collection, lagging investments

New Delhi (IANS) In a bid to allay the concerns over the falling direct tax collection and slower rate of investments in the country despite the recent tax reforms, the Finance Ministry on Sunday said that the fall in direct tax collection is temporary…

Abu Dhabi-based Mubadala invests Rs 9,093 cr in Jio Platforms

Mumbai (IANS) Reliance Industries Ltd on Friday announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise…

Malicious rumours on to undermine Tata group, Ratan Tata: Chandrasekaran

New Delhi (IANS) Tata Sons Chairman N. Chandrasekaran on Friday set the record straight on rumours in the media which, he said, are "malicious in their intent to undermine the performance of the Tata group and discredit Chairman Emeritus Ratan Tata".