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20 August, 2018 2:16 PM Emami rules out buying Horlicks and Complan

Home grown FMCG major Emami today said it was not in the race to buy health drink brands Horlicks and Complan, which are on the block. Emami has been linked to the two brands with reports suggesting that the Kolkata-based firm is among the potential buyers for GSK Consumer Healthcare's Horlicks and Kraft Heinz's Complan. However, Emami Director Harsha 29

17 August, 2018 11:44 AM Sensex jumps over 280 points, Nifty closes at fresh record high

Nifty surpassed its previous closing high of 11,470.70 hit on August 9. New Delhi: Markets posted robust gains on Friday with the NSE Nifty closing at fresh record high on the back of robust gains in FMCG, metal and banking stocks. The BSE Sensex ended 284.32 points or 0.75 per cent higher at 37,947.88. In a similar fashion, the NSE Nifty spurted 85.70 points 48

6 August, 2018 3:47 AM Mahindra calls Fiat claims as baseless, lacking merit

M&M says it is well within its rights to both manufacture and distribute the Roxor Utility vehicle specialist Mahindra & Mahindra has termed Fiat Chrysler’s (FCA) allegations as baseless while also stating that is has the right to manufacture and sell the Roxor off-roader in the US. “We understand that a complaint has been filed by FCA with the United 49

1 August, 2018 4:20 PM GST refunds worth Rs 54,378 cr cleared till July

GST refund claims of Rs 54,378 crore of exporters have been cleared by the Centre and state tax officials till July end, the finance ministry said today. As of July 31, 2018, the total amount of Integrated GST (IGST) refund claims disposed by CBIC is Rs 29,829 crore, taking the disposal rate to 93 percent. Besides, Rs 24,549 crore has been paid on account 35

31 July, 2018 8:14 AM CII seeks clear guidelines on anti-profiteering, higher e-way bill threshold

Industry body CII has suggested to the GST Council to come up with clear guidelines on anti-profiteering and raise the threshold for intra-state e-way bill generation to Rs 1 lakh. In a memorandum to the Council for consideration, at its forthcoming meeting on August 4, CII has also demanded that the TRAN-1 facility be reopened for businesses to claim 52

27 July, 2018 3:23 PM ITC open to acquisition of Horlicks at 'right price'

GSK had gone for a strategic review of the Horlicks brand to fund the Novartis deal pegged at USD 13 billion. Diversified conglomerate ITC Ltd today said it is open to acquisition of GlaxoSmithKline's (GSK) Horlicks brand when it is put up for sale, provided the price is "right". "We would explore buying the Horlicks brand if it is up for sale and at a right 58

26 July, 2018 9:08 AM Sensex closes at new record high; Nifty dips

Mumbai: Benchmark BSE Sensex continued its record setting streak for a third day on Wednesday on robust buying banking and capital goods. Benchmark BSE Sensex gained 33.13 points to close at new record of 36,858.23. The broader NSE Nifty however dipped 2.30 points to 11,132. The 30-share index also scaled a new record trading high of 36947.18 points 35

26 July, 2018 6:48 AM D-Street Buzz: Ambuja Cements up 7%, midcap outperform; PSU bank index up 4.5% led by SBI, BoB

The benchmark indices are hovering near their record high in the afternoon session led by PSU banking stocks. The Sensex is up 125 points at 36,983, and the Nifty up 33.20 points at 11,165. Shares of Ambuja Cements gained 7.6 percent intraday Thursday as company posted strong numbers in the quarter ended June 2018. The company's Q2 standalone profit 41

17 July, 2018 3:39 PM Nestle India market cap crosses Rs 1 lakh cr

FMCG major Nestle India's market valuation has surged past Rs 1 lakh crore mark helped by a rally in its share price. The company's market valuation stood at Rs 1,01,541.66 crore at close of trade on BSE today. Shares of the company gained 3.14 percent to end at Rs 10,531.65 on BSE. During the day, it surged 3.55 percent to Rs 10,574 -- its 52-week high. At NSE, shares 66

13 July, 2018 12:00 PM Reliance Industries market cap breaches Rs 7 lakh-cr mark

The market valuation of Reliance Industries today briefly surged past Rs 7 lakh crore mark, making it the second company after TCS to achieve this milestone. RIL's market capitalisation (m-cap) rose to Rs 7,01,404 crore (over USD 102 billion) in early trade on BSE. The m-cap has been calculated at the stock's 52-week high price of Rs 1,107.25 and for the morning 46