While domestic market growth is important, the sales trajectory in the international markets, which account for 45 per cent of the revenues, will be a key rerating trigger, say analysts. Ram Prasad Sahu reports. The Godrej Consumer stock was up 4.3 per cent on Friday, leading to expectations of steady growth in the Indian market and improvement in the operating […]
Read moreBroadly speaking, the world's three richest tech billionaires are all trying to develop new technologies that can reduce the world's carbon dioxide emissions. It's widely known that trees are among the most efficient carbon-capture machines on earth. Trees and reforestation, however, are relatively low down on the tech billionaire agenda list. Climate change appears to be high on the agenda […]
Read moreIndia’s central bank left its key interest rates unchanged and vowed to continue its accommodative stance as long as needed amid a steep rise in Covid-19 infections in the country. The Monetary Policy Committee of the Reserve Bank of India unanimously voted to maintain the policy repo rate at 4.00 percent. The reverse repo rate was retained at 3.35 percent. […]
Read moreFox Business Flash top headlines for April 13 Check out what’s clicking on FoxBusiness.com. Toshiba Corp CEO Nobuaki Kurumatani resigned on Wednesday amid controversy over a $20 billion buyout bid from CVC Capital Partners and the conglomerate's shares surged on reports that KKR & Co and Brookfield are also planning offers. Satoshi Tsunakawa, who previously led the company before Kurumatani […]
Read moreEuropean stocks were flat to slightly higher on Wednesday as economic recovery hopes grow amid steady progress with coronavirus vaccinations and additional government stimulus. Final PMI numbers were in focus this morning, with the Eurozone’s services PMI increasing from 45.7 to 49.6 in March. That was up from a preliminary reading of 48.8. Traders await the minutes of the most […]
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OPINION: The Reserve Bank covered all the bases today with a Monetary Policy Review that acknowledged some positive signs of economic recovery while reminding that the risk of further shocks remains very real. The Official Cash Rate was left unchanged at 0.25 per cent as expected and the market was largely unmoved by the continuation of the Bank’s “wait and […]
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The U.S. Coast Guard says it is responding to a report of a “265-ft capsized commercial lift boat” in the Gulf of Mexico on Tuesday amid severe weather warnings. The Coast Guard says the incident occurred south of Grand Isle, Louisiana, and other good Samaritan vessels are also attempting to help. The National Weather Service’s New Orleans office on Tuesday issued […]
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Passengers on Air New Zealand flights were today asked to submit to having more than their luggage weighed before take-off. Travellers were told that they needed to have themselves weighed as well. Broadcaster Hilary Barry shared her own experience, tweeting that the experience was “not ideal”. Air New Zealand Chief Operational Integrity Officer Captain David Morgan told the Herald that […]
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"I'm not a bear, but there are legitimate concerns here, which is why we sold a bunch of stock for my charitable trust on the eve of that conference call I gave last week," CNBC's Jim Cramer said. "This market can handle one or even two of these potential problems, but it can't handle all of them," the "Mad Money" […]
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