TAMIL NADU/NEW DELHI: Reliance, a major Indian industrial company, is reviving a well-known regional cola brand with plans to compete with PepsiCo and Coca-Cola in a crucial market by leveraging its extensive retail network, lowering prices, and appealing to nationalist sentiment.Reliance, a company owned by billionaire Mukesh Ambani, last month introduced redesigned Campa beverages, sweet…
For the eighth time in a row, the US Federal Reserve has increased the federal funds rate. The target range has increased from the prior range by 25 basis points to 4.75-5%. The goal is to increase interest rates across the board for the economy. What is the purpose of this? Mint’s assessment The Fed…
The globe has been on the verge of a recession as a result of various threats that Russia’s invasion of Ukraine more than a year ago posed. Although India’s prognosis may be favourable overall, its labor-intensive industries may feel the effects of any recession. The current policy effort to increase manufacturing and job development hasn’t…
According to persons familiar with the situation, Indian entrepreneur Anil Agarwal is researching measures to reduce the enormous debt load weighing down his commodities business empire, including selling a minority investment in Vedanta Ltd. Those who spoke on the condition of anonymity because the information is confidential stated that Agarwal is considering the prospect of…
BENGALURU: After a Bloomberg story that the Indian tycoon was considering selling less than 5% of the business, Vedanta Ltd, which is owned by billionaire Anil Agarwal, claimed on Thursday that any talk of a stake sale in the big mining company was “untrue and false.”After the report, Vedanta’s stock price dropped as much as…
Demerger of Shipping Corporation of India: Early morning trading today saw a rise in the price of SCI shares. Today’s opening bell saw the share price of Shipping Corporation of India climb, and within a short period of time after the stock market began, it reached an intraday high of 139.35 rupees per share on…
World market update: Tuesday’s US stock market closed higher despite tight range trading in US stock futures throughout the FOMC meeting. The US dollar and US bond yield have decreased in early morning deals as the market is buzzing with today’s FOMC meeting’s 25 basis point rate hike. WTI crude oil is down 0.42 percent…
Shares of dividend stock: Hindustan Zinc Ltd. would consider paying a fourth interim dividend in the fiscal year 2022–2023 after previously paying three interim dividends totaling 49.50 per share with a 15.50% dividend yield. The company’s board of directors will discuss the request for an interim dividend payment at its meeting planned for today, March…
AHAN – I sold shares of Biocon in the open market on Friday, which resulted in a 9.04 percent decline in the company’s stock price. According to the NSE bulk sales data, AHAN-I sold 189,28,363 equity shares of the firm at an average price of 200.74. The transaction’s buyers are not immediately identified. The Indian…
Three sources told Reuters that Malaysia’s Petronas has made an offer of 38 billion rupees ($460 million) to buy a 20% stake in the green energy arm of India’s largest power producer, NTPC. This is the first time a state-run company has made a deal like this. The offer price was more than the 30…
