Stocks in the news: Federal Bank, PNB Housing, ITC, Bharti Airtel and Ujjivan SFB
PNB Housing Finance said its exposure to the Omaxe group stood at over Rs 456 crore
ITC to step up focus on frozen food to drive non-cigarette sales
The FMCG giant is backing frozen food in its chase of Rs 1 lakh crore non-to...
TOI’s printing units win Greentech safety award
While addressing a gathering of luminaries from India and the US at the 18th Annual Greentech...
Expensive FMCG stocks off highs as consumption cools in rural India
According to analysts, earnings outperformance is critical for maintaining premium valuations.
Godrej Fund Management to invest Rs 700 crore in Century’s commercial project
The proposed investment will be in a commercial project in north Bengaluru spread over 10 acres with a development potential of 2-3 mn sft. “The deal is in the final stage of closure and will mark GFM’s foray in the commercial market in Bengaluru,” said a person aware of the deal.
Haier makes a Rs 775 crore bet on Indian arm
The infusion came after the local subsidiary, Haier Appliances India, more than doubled its authorised share capital to Rs 4,000 crore from Rs 1,900 crore, as per the latest regulatory filings made with the Registrar of Companies (RoC).
F&O: India VIX moves up 7%, 12,000 level critical for Nifty
Long buildup was seen in Tata Elxsi, Mindtree, Dish TV, Concor and Equitas.
Senior level exits peak in consumer companies
In retail, food and grocery chain Nature’s Basket chief executive officer Avani Davda has put in her papers, thereby moving out months after the business was acquired by Spencer’s Retail from the Godrej Group. Davda said the exit is due to personal reason.
ET Awards: Modi government always ready to help industry, says Home Minister Amit Shah
Home Minister Amit Shah, FM Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal seek industry’s support and suggestions, and promise govt will listen to them. Shah also asked industry to engage with ministers and regulators to resolve problems. Sitharaman hinted at a big package of infrastructure projects soon
ET Awards 2019: Time to take some decisive steps, say industry captains
Union home minister Amit Shah along with finance minister Nirmala Sitharaman and minister for railways and commerce Piyush Goyal tried to calm the nerves, a day after government data showed that economic growth had slowed down to 4.5% for the July-September 2019 quarter, the slowest growth recorded in over six years, and had slipped below 5% for the first time.
ET Awards: Arun Jaitley always put country first, says Sangeeta Jaitley
The late minister, who was also an ardent cricket lover, set high ethical standards and had an ability to build accord across political divides, say his wife, ministers and businessmen. Sangeeta Jaitley, who was making a rare public appearance after the demise of her husband on August 24, was accompanied by her daughter, Sonali.
Punjab to woo global agri players for sustainable clean agri practices
Top agri players like ITC, Godrej Tyson, Hariyalee Seeds, Spain’s Congelados De Navarra and IFFCO have confirmed their participation in the summit, which will highlight the potential opportunities of growth in this sector as well as the strengths of the Punjab ecosystem.
FMCG firms go on a talent hunt at top business and technology campuses
Top FMCG players are apparently going strong on campus placement. Biggies such as Hindustan Unilever (HUL), ITC, Marico, Godrej and Dabur are expanding their reach across B-schools and top engineering and general colleges, and rolling out new roles for the Class of 2020.
Godrej Properties' sales bookings up 44% to Rs 2,343 cr in Apr-Sep FY'20
Out of the total sales bookings, Rs 2,329 crore pertained to housing segment and the remaining Rs 14 crore to commercial space. In volume terms, sales bookings rose 61 per cent to 3.6 million sq ft in April-September 2019 from 2.23 million sq ft in the corresponding period of the previous year, all this despite slowdown in the housing segment.
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