After Indian government banned exports on some types of rice, many traders feel sugar may be the next commodity to be on the ban list. The sweet commodity accounts for 12% of the total world sugar exports while India is the biggest sugar consumer in the world. Asian countries like Thailand, Indonesia, China, Cambodia, Japan, and …
Mahindra and Mahindra bought 3.53% stake in RBL Bank for Rs 417 cr. The auto company also looked at the possibility of additional investments up to a 9.9% stake. The RBL management however said that it was not aware of any new stock purchase by Mahindra. The new move has been negative for Mahindra’s stock, which saw heavy …
Mahindra looking to own 10% of RBL Bank. Question is WHY NOW? Read More »
Payment aggregator company Visa has signed a deal with Adani Group to launch co-branded cards. Company will be looking to expand its footprint via Adani Group’s consumer data points of over 400 million consumers. “We signed a co-brand agreement with Indian conglomerate Adani, serving 400 million customers through retail, airports, and online travel services, among …
ITC, the biggest tobacco-to-biscuit conglomerate in India, has announced the demerger of its hotel business. The new entity, which will now be 60% owned by its shareholders, will be 40% owned by ITC, giving way to newer entity more freedom and less-bureaucracy over the top management. ITC’s hotel business has taken around 20% of the …
ITC: Could demerger of hotel business may finally unlock value? Read More »
Infosys, India’s second largest IT services company, reported Q1 results on Thursday. Revenue rose 1.31% QoQ to Rs 37,933 cr. Profit after tax came at 3.1% at Rs 5,945 cr . The management also gave a grim outlook for the next few quarters. Coforge Ltd reported rise in revenue of 2.4% to Rs 2,221 cr …
A report from Bloomberg hints that the government is contemplating an export ban on non-Basmati rice to control the rampant inflation. The idea of a ban on rice export is hard to imagine, given India’s share of over 40% of global rice market. But the idea isn’t new. India has banned broken rice in 2022 …
Rice Export Ban: View on KRBL, Adani Wilmar, LT Foods and more Read More »
[vc_row][vc_column][vc_column_text] Mid-day break… with EZ Wealth – September 17, 2021 [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”67643″ img_size=”large” alignment=”center”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Biocon unit to offer 15% stake to Serum Institute’s Arm in a strategic alliance Under the terms of the agreement, Biocon Biologics Ltd., a subsidiary of Biocon Ltd., will offer about 15% stake to Serum Institute Life Sciences Pvt., a unit of …
Mid-day break… with EZ Wealth – September 17, 2021 Read More »
