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Nestle shares reel under regulatory pressure, down 3%
Mumbai: Shares of Nestle India slipped almost 3 per cent today as the company starts destroying Maggi noodles worth Rs 320 crore after it was banned by food safety regulator FSSAI due to presence of lead and taste enhancer monosodium…
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India has 4th largest ultra-high-net-worth households: report
New York: India is home to the fourth largest number of ultra-high-net-worth households that have more than 100 million dollars in private wealth, according to a new report topped by the US.
The Boston Consulting Group's 'Global Wealth…
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Sensex feels profit-booking heat, down 85 pts
Mumbai: The benchmark BSE Sensex slipped over 85 points in early trade today as participants booked profits after two sessions of gains amid sustained capital outflows and a weak trend at other Asian markets.
The 30-share index was trading…
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Sensex rises 161 pts on jump in factory output
Mumbai: The benchmark BSE Sensex today rose 161 points to 26,586.55 on account of better-than-expected factory output data and steady inflation, while value-buying in beaten-down stocks also added to the upside.
Besides, sentiment also…
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States to submit views on GST to Rajya Sabha Select Committee tomorrow
New Delhi: With most states on board, the Empowered Committee of State Finance Ministers on GST will submit its views tomorrow to the Parliamentary panel looking into the Constitutional amendment bill for introduction of new indirect tax…
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Sensex tumbles 117 points despite positive IIP data
Mumbai: The benchmark BSE Sensex fell over 117 points in early trade today on continued capital outflows by foreign funds and selling by investors despite improved IIP numbers and steady inflation data.
A weak trend at other Asian markets…
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FSSAI asks state food commissioners to test all packaged items
New Delhi: Central food safety regulator FSSAI has asked state food commissioners to inspect and evaluate all packaged products available in markets across the country in the wake of Maggi controversy.
"There are hundreds of packaged food…
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Finance Ministry may finalise additional fund needs for banks in 3 months
New Delhi: The Finance Ministry is likely to finalise additional capital requirement, over and above budget provision of about Rs 8,000 crore, for public sector banks in the next three months.
The exercise of getting representations from…
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Australia, India working on large bilateral agenda: Suri
Melbourne: Australia and India have a "very large" bilateral agenda and ties have grown tremendously in the past few months, raising hopes that dialogues in defence and security sector would be further intensified.
"The…
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Sensex ends week with 343-point loss
Mumbai: Stocks: Across-the-board selling triggered by a host of negative factors including announcement of macro economic data and concerns over the progress of monsoon kept the market under pressure for the third straight week as the BSE…
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