Milk Price Hike To Improve Profitability Of Organized Dairies.
Mumbai (Maharashtra): The recent hike in retail milk price by 2 per liter will limit the slide in the profitability of the organized dairy sector to 50 basis points (bps) on-year this fiscal, despite a higher than anticipated rise in procurement prices, and transport and packaging costs. Despite lower profitability, comfortable balance sheets and better working […]
Elon Musk refiles Twitter disclosure to show he’s an active investor
Elon Musk refiled the disclosure of his stake in Twitter Inc. to classify himself as an active investor, making the change after taking a seat on the social media company’s board. Musk, a billionaire who is chief executive officer of Tesla Inc., filed a form 13D with the U.S. Securities and Exchange Commission on Tuesday, disclosing […]
Rs 19,111 crore assets attached out of total fraud by Vijay Mallya, Nirav Modi & Mehul Choksi: Centre tells SC
The timely attachment of proceeds of crime has led to the attachment of assets worth over Rs 19,000 crore out of the “total fraud of over Rs 22,500 crore by three fugitive offenders Vijay Mallya, Nirav Modi, and Mehul Choksi, the Centre has told the Supreme Court. These figures were mentioned in the note submitted […]
Saregama India plans to invest up to Rs 750 cr in music business
Saregama India, a part of RP-Sanjiv Goenka Group, is planning to invest up to Rs 750 crore in its music business to achieve a 25-30 per cent revenue growth in the next few years through organic and inorganic routes, an official said. It is also foraying into a new business segment of artiste partner programme to […]
World food prices ease in Dec, but hit 10-year peak in 2021: FAO
World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the U.N. food agency said on Thursday. The Food and Agriculture Organization’s (FAO) food price index, which tracks international prices of the most globally traded food commodities, averaged 133.7 points last month compared with […]
Ola delivers S1 scooters to its first 100 customers in Chennai, Bengaluru
By Administrator_India Capital Sands The company said it organised special events in Bangalore and Chennai on Wednesday to deliver both S1 and S1 Pro trims to the first 100 customers Ola Electric on Wednesday said it has commenced deliveries of its S1 scooter. The company said it organised special events in Bangalore and Chennai on […]
Airtel hikes prices of plans offering Disney +Hotstar subscription
By Administrator_India Capital Sands Telecom operator Bharti Airtel hiked prices of mobile prepaid and home broadband plans that come bundled with Disney+Hotstar subscription due to changes in pricing made by the entertainment app. Airtel has increased the price of prepaid mobile plans with Disney+Hotstar to Rs 499 from Rs 448 with 28 days validity; Rs 699 from Rs 599 […]
Markets end flat after scaling new peaks; TCS rises over 1%
By Administrator_ India Capital Sands The Sensex closed modestly lower while the Nifty inched up to a fresh closing high on Wednesday as bulls took a breather amid a subdued trend overseas. Banking and finance stocks succumbed to profit-booking after the sharp-up move in the past few sessions, while IT and FMCG counters bucked the trend. After […]
South Korea exceeds 2,000 daily cases for 1st time
By Administrator_India Capital Sands South Korea’s daily increase in coronavirus infections has exceeded 2,000 for the first time since the start of the pandemic, continuing an alarming spread despite the enforcement of strict virus restrictions in large population centers. Health Minister Kwon Deok-Cheol on Wednesday pleaded for people to stay home during the holiday break […]
RBI imposes monetary penalty on Sarvodaya Co-operative bank
By Administrator_ India Capital Sands The Reserve Bank of India (RBI) on July 27 imposed a monetary penalty of Rs 1 lakh on Sarvodaya Commercial Co-operative Bank for non-compliance with directions issued by the RBI on ‘Loans and advances to directors, relatives and firms/concerns in which they are interested, the RBI said in a release. This […]