Inventories rise at mines, power plants India’s largest coal producer Coal India Ltd. (CIL) has seen a 10% fall in dispatches in March 2020 due to a sharp fall in demand from the power sector, leading to an increase in inventories both at power plants and coal mines. This comes amid production rising up 6.5% to 84.4 million tonnes (MT). […]
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Firm to raise LPG output; no need for panic-booking, it says India’s largest fuel retailer Indian Oil Corporation (IOC) has cut down the throughput from its refineries across the country by almost 30% as the demand for petroleum products such as petrol, diesel, aviation turbine fuel (ATF), fuel oil and bitumen, has reduced substantially following the outbreak of COVID-19 in […]
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Jobs and salaries will be protected, the firms say With many districts under a lockdown across the country amid efforts to stop the spread of COVID-19, automobile and auto component makers are temporarily shutting down their manufacturing plants. Industry bodies for the sector — Society of Indian Automobile Manufacturers (SIAM) and Auto Component Manufacturers Association of India (ACMA) — have […]
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HUL has also ramped up the production of Lifebuoy sanitizers, Lifebuoy Handwash liquid and Domex Floor Cleaners FMCG players like HUL, Godrej Consumer and Patanjali said they are helping fight the Covid-19 outbreak by reducing the prices of soaps, hygiene products and ramping up production of these items. Market leader Hindustan Unilever Ltd (HUL) on Friday committed ₹100 crore to […]
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It is your duty to renew policies on time, keep documents safe, assign nominees In this column, over the past year, we saw how to buy various types of insurance policies including health insurance, life insurance, annuities, motor insurance and some property insurances. One way of looking at insurance is that the policy you buy is not the product. The […]
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Aon plc (AON) and Willis Towers Watson (WLTW) have agreed to combine in an all-stock deal with an implied combined equity value of approximately $80 billion. Each Willis Towers Watson shareholder will receive 1.08 Aon ordinary shares for each ordinary share. Aon shareholders will continue to own the same number of ordinary shares in the combined company. Upon completion, Aon […]
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Huntsworth plc (HNT.L), a healthcare and communications group, reported Tuesday that its profit before tax for the year ended 31 December 2019 increased to 29.8 million pounds from 28.6 million pounds last year. However, earnings per share declined to 5.4 pence from 6.1 pence in the prior year. Headline profit before tax increased 27 percent to 39.1 million pounds from […]
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Supermarkets and other retailers are preparing for a surge in demand and shoppers are stocking up on staple foods and cleaning supplies as more cases of the new coronavirus appear in the U.S. For weeks, as the outbreak advanced mainly in China, retailers focused on maintaining supplies of products they procure from Asia such as tuna, mandarin oranges, garlic and […]
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Wendy’s Co. is known for its spicy Twitter feed, and the fast-food chain is turning up the heat on its competitors ahead of the launch of its breakfast menu. In the lead up, the company has taken aim at McDonald’s Corp. MCD, -2.79% and Burger King, a Restaurant Brands International Inc. QSR, -2.65% chain. Wendy’s is also using its fans’ tweets to […]
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