BUSINESS
Tata Consumer Products buys Tata SmartFoodz for Rs 395 cr cash
Tata Consumer Products has entered into a share purchase agreement with Tata Industries Ltd to acquire its entire holdings in Tata SmartFoodz for Rs 395 crore. With this buy, Tata Consumer Products will add to its portfolio 'Tata Q' brand of ready-to-eat packaged food products, the former said.
Nations, regions forge initiative to phase out fossil fuel extraction
Called the Beyond Oil and Gas Alliance (BOGA), the effort brings together countries and subnational jurisdictions that have committed to ending new licensing rounds for oil and gas exploration and production, or have taken steps towards that goal, and recognise that phasing out fossil fuel extraction is an urgent and crucial component of tackling the climate crisis.
Fuel prices continue to be steady as global oil prices soften
The fuel price has not changed for the 8th consecutive day under the daily price revision mechanism followed by oil marketing companies. So, the petrol price in Delhi remain steady on Friday, which fell to Rs 103.97 per litre, at 6 A.M. last week on Thursday from the previous days level of Rs 110.04 a litre, remained at the same level on Friday. Whereas the diesel prize remain unchanged at Rs 86.67 a litre in Delhi.
Global cues, value buying lift indices; Sensex gains over 230 pts
At 10.15 a.m., the 30-scrip sensitive index traded at 60,154.03 points, up 234.34 points or 0.39 per cent. Sensex opened at 60,248.04 points from its previous close of 59,919.69 points.
Government wants ONGC to bring in private sector to speed up production
Petroleum Secretary Tarun Kapoor said that the ONGC's production has to be increased and for that, the company has to expand its portfolio through new exploration. And in the expanded plate, he said, the company can involve the private sector that brings in the right technology required for specific exploratory fields.
Alibaba logs sales worth $84.5bn in 11:11 global shopping fest
With more than 290,000 brands participating this year, the '11.11 Global Shopping Festival' has witnessed a massive growth over the years. The shopping festival started with only 27 merchants as participants when it started in 2009.
Disney Q4 revenue up 26% due to rebound of theme park business
The positive rise is largely impacted by the rebound of its theme park business from the Covid-19 pandemic. The earnings per share (EPS) for the quarter ending on October 2 reached 9 cents compared to a loss of 39 cents in the same period last year, according to Disney's quarterly earnings report.
PM Modi to launch innovative customer-centric initiatives of RBI
The Retail Direct Scheme of RBI is aimed at providing retail investors enhanced access to the government securities market. This offers the investors a new pathway for direct investments in securities issued by the Government of India and the State Governments.
Our renewable capacity, investment size makes us the leader among all global companies: Gautam Adani
"There is no other company that has yet made so large a bet on developing its sustainability infrastructure. We, therefore, believe the combination of our renewable capacity and the size of our investment makes us the leader among all global companies in the effort to produce cheap green electricity and green hydrogen," Adanisaid.
Not only indices, even brokerages' stocks are booming now
Therefore, the growing number of investors along with the exponential growth in market capitalisation levels has caused an increase in stock prices of listed brokerages firms. IIFL finance's stock rose by 265.37 per cent, in terms of one-year return. Angel's stocks grew at 262 per cent and MOFSL at 68.81 per cent, whereas Geojit and JM Financial grew at 44.59 and 08.04 per cent respectively.
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