In terms of Reliance, I think it will clearly continue to do well. IT to an extent, yes it has already had a fairly good rally but again as we go closer to IT companies reporting in less than a couple of weeks that the expectations will kind of pick up given that Accenture has … Read more
MUMBAI: , one of the largest conglomerates in the country, will meet hundreds of analysts and institutional investors on Tuesday for its first-ever analyst day meeting. The announcement of the meeting last week sent the company’s stock soaring more than 7 per cent and has led to a build-up of palpable excitement among investors of … Read more
‘We believe that this investment provides an exciting opportunity which is in alignment with our aspiration to have a significant play both in the naturals and ayurvedic segment as well as in the D2C channel.’ Baby and mother care brand Mother Sparsh, which over the past year diversified its product portfolio by nearly 25%, on … Read more
MUMBAI: Cigarette maker wants to be a solution to the country’s Covid-19 problem. Media reports earlier today said that the FMCG company has started clinical trials of a nasal spray for the prevention of Covid-19. If the nasal spray proves to be effective, it will add a shot in the arm of the company and … Read more
Ltd has extended financial support for creating a 200-300 bed Covid facility which is being set up by Medica Superspeciality Hospital in Kolkata. The makeshift facility will also augment vaccination drive of the government. The West Bengal government has permitted the use of Kishore Bharati Stadium in Kolkata for the set-up of this medical facility. … Read more
MUMBAI: Concerns over an emerging second Covid-19 wave and nervousness ahead of the outcome of the US Federal Reserve’s policy meeting tonight weighed on benchmark equity indices today. The broad-based selling saw largecap, midcap and smallcap stocks take deep cuts with four stocks falling for every one stock that rose on the National Stock Exchange. … Read more
New Delhi: GST Network on Tuesday said it has enabled a functionality to help GST payers know their input tax credit (ITC) eligibility in their Annual Return, making it more convenient to file GSTR-9. So far, the GST system used to compute eligible ITC based on suppliers’ sales return GSTR-1, but the break-up at the … Read more
NEW DELHI: FMCG giant ITC dropped over a per cent on Friday ahead of its June quarter earnings. Analysts expect the firm to report up to 40 per cent dip in net profit. The stock was down 1.1 per cent to Rs 198.45. The scrip hit a low of Rs 197.35 during the day. The … Read more
Shares of cigarette companies have rallied over the past one month, with the three leading cigarette makers ITC, Godfrey Philips and VST Industries hitting record highs. All the three stocks have posted robust returns in the past one year, significantly outperforming the benchmark Sensex, helped by favourable taxation and increase in cost of competing tobacco … Read more