Mumbai: Investors of ITC should brace themselves for moderate returns here on, as the scorching pace of the rally in the share price in recent months has made the risk-reward unfavourable for now, according to experts. The cigarette-to-consumer goods maker was the best performer on benchmark indices over the last year, logging in gains of … Read more
The HUL stock is up over 13% in the past six months but is up 6% in the past one year. The resilient quarterly performance will provide positive reinforcement to the company’s investors in a volatile market. Synopsis Net sales increased 19.5%, net profit 11% and volumes grew 6%. While the home care segment posted … Read more
Indian consumers have started opting for lower-priced packs or unbranded products of food, grocery and daily necessities as rising prices are squeezing their monthly household budgets, market researchers and company executives say. In nearly half a dozen categories including soaps, milk food drinks, edible oils and home cleaning products, consumers mostly bought either mass segment … Read more
After a second break phase, the southwest monsoon has revived. Monsoon winds have gained strength over north, central, and southern parts of the country, bringing above normal since Thursday. The coming weeks will be crucial in making up the 8% shortfall in rain, primarily caused due to the first break phase that lasted for three … Read more
Ana Nuñez, a 62-year-old retired municipal worker in western Venezuela, says her meals often consist of just a few corn-flour pancakes, known as arepas. Even when she has money to buy groceries in the city of Maracaibo’s teeming flea market, she said that “instead of quality food they sell garbage, like animal hides and rotten … Read more
HONG KONG—At least five organizations say they won’t help companies audit their supply chains in China’s Xinjiang region, where human-rights activists say a police-state atmosphere and government controls make it too difficult to determine whether factories and farms are relying on forced labor. China’s increasingly repressive tactics in the northwestern region, where large numbers of … Read more
LONDON—European governments have spent big keeping millions of workers on company payrolls during the pandemic. Now, the U.K. is set to find out what happens when that support is removed. The U.K. government has said it would close the most costly of its coronavirus-support programs for businesses late next month, which would make the country … Read more
NEW DELHI—Investors across the globe are hoarding gold in the Covid-19 pandemic. In normally gold-obsessed India, there’s a glut, as struggling families stop buying and start hocking jewelry. International investors have lifted the price of gold to all-time highs this year, trying to get their hands on more gold coins, bars and exchange-traded funds. Many … Read more
JOHANNESBURG—South Africa’s $1.5 billion wine industry is reeling after a series of pandemic-induced shocks, including successive bans on the sale of alcohol totaling some 14 weeks. The country’s Chardonnays and Cabernet Sauvignons have become household staples world-wide, and wineries centered in the rolling farmlands around the Western Cape are among South Africa’s most successful and … Read more
Mumbai: Bajaj Finance said on Monday it may consider additional accelerated provisioning for Covid-19 in the first quarter of fiscal year 2021 to further strengthen its balance sheet. The consumer goods financier had provided Rs 900 crore as contingency provision in the quarter ended March towards Covid-19. In an exchange filing, the company said its … Read more