BlackRock to exit black diamond
“With the acceleration of the global energy transition, we do not believe that the long-term economic or investment rationale justifies continued investment in this sector," the world’s largest money manager with $1.8 trillion in assets under management, said in a letter to its clients.
Jeff Bezos meets industry captains, concludes 3-day India visit
Jeff Bezos has announced investments of USD 1 billion over the next few years...
Trade deal hopes may aid diamond exports
Cut and polished diamond exports in December 2019 declined by 3.92 per cent to Rs. 8926.58 crore.
What ails India's pharmaceutical sector?
Unlike mature markets such as the US, where drug prices are market-controlled, here, the government and regulators play a pivotal role in the entire process. Regulators fix both the price companies pay for bulk drugs and the price at which they sell their products in the market, leaving little leeway to earn profit. For Indian pharma, this is a double-edged sword.
Share market update: Mining stocks advance; Pacific Industries climbs 5%
The NSE Nifty50 index was trading 18.90 points up at 12,362.20.
Telecom, retail help Reliance offset modest energy gains
Earnings growth was 5 per cent higher than consensus quarterly EPS estimates.
13 pvt cos bid to operate ONGC's 64 fields
A total of 13 private companies, including Oilmax Energy and Deep Industries, have placed bids for the operatorship of ONGC’s 64 small producing fields, according to people with knowledge of the matter.
Courier companies seek relief on GST E-way bill rule
GST Rule 138E, which took effect in November, doesn’t allow an entity that hasn’t filed returns for two straight months to generate an e-waybill. While the rule won’t impact direct deliveries to ecommerce customers, business-to-business (B2B) orders from overseas will likely get hit.
Gujarat: Surat businessman makes PM Modi's portrait in diamond
To show his love for Prime Minister Narendra Modi, a businessman shaped the map of India out of a real diamond, with Prime Minister Narendra...
NMDC lined up to mine multibillion-dollar diamond deposit
The central state of Madhya Pradesh has asked NMDC to explore the Bunder deposits, which could contain millions of carats of diamonds, Neeraj Mandloi, principal secretary at the state's Mineral Resource Department. The state government last month awarded a smaller portion of the deposit to Essel Mining & Industries.
FSII recommends making India global seed production hub & pushes for 200% deduction of R&D expenditure in the seed industry
The income tax deduction for the in-house R&D has been reducing over the last few years, it said. Through an amendment as per Finance Act 2016, the weighted deduction was reduced to 150% effective from April 1, 2017 through March 31, 2020 and it indicated a further reduction to 100% from April 1, 2020.
RIL-Saudi Aramco deal unlikely to close by March-end, says CFO
Mukesh Ambani-led Reliance Industries is unlikely to close the deal for 20 per cent stake in its oil to chemicals business to Saudi Aramco by March 31 this year, according to a senior company official.
Buy Exide Industries, price target Rs 200: Manas Jaiswal
The analyst suggested a stop loss at Rs 185.
Buy Britannia Industries, price target Rs 3200: Manas Jaiswal
The analyst suggested a stop loss at Rs 3049.
What drove RIL’s record quarterly show: Key highlights of Q3 earnings
Reliance Jio's Q3 profit surged 62% YoY to Rs 1,350 crore, while Arpu fell to Rs 128.40.
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