Market News
Stay updated with the latest market trends, earnings, and economic indicators.
In most aggressive phase of India expansion; here for long-term market wins: Amazon India head
Amazon is in its most aggressive expansion phase in India, with plans to invest $35 billion by 2030 on top of the $40 billion already committed, India head Samir Kumar said. The company is ramping up investments in e-commerce, AI, exports and quick commerce through Amazon Now, while targeting 100 cities and 1,000 micro-fulfilment centres.
SC sets aside SAT order directing RIL to disgorge ₹447 crore
The Supreme Court on Friday set aside an order directing Reliance Industries Ltd (RIL) to disgorge Rs 447.27 crore in a matter relating to the trading of Reliance Petroleum Ltd (RPL) shares in 2007. The apex court partly allowed the appeal filed by RIL challenging a November 2020 order of the Securities Appellate Tribunal (SAT), Mumbai. The SAT, by a 2:1 majority order, dismissed RIL's appeal against the Securities and Exchange Board of India (SEBI )'s March 24, 2017, order relating to the sale of RPL shares in November 2007. The top court said the SAT, in its majority verdict, committed an "egregious error" in passing the judgement insofar as the question of fraud under Regulations 3 and 4 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market), 2003 (PFUTP) is concerned. "However, we concur with the SAT's observations in its majority judgment as regards the penalty to be levied on the appellant number 1 (R
Fertilisers not easily available in international market, pushes for organic farming: Union Minister Shivraj Singh Chouhan
Union Agriculture Minister Shivraj Singh Chouhan highlighted global fertilizer procurement difficulties. He urged states and farmers to embrace organic farming for soil health. The government is committed to subsidies and plans new bills for quality pesticides and seeds. Farmers are advised to grow drought-resistant crops due to El Nino forecasts.
Bikaji founder Shiv Ratan Agarwal passes away at 74
Shiv Ratan Agarwal, the visionary founder of Bikaji Foods International, has passed away at the age of 75. Agarwal was instrumental in transforming the traditional Bikaneri snacks business into the globally recognized Bikaji brand. His strategic leadership combined authentic taste with modern business practices. The company is committed to continuing his legacy of growth and responsible business operations.
Hindustan Unilever to focus on regaining market share: Global CEO Fernando Fernandez
Unilever's leader, Fernando Fernandez, has placed his trust in Priya Nair, the head of India operations, as she embarks on a transformative journey to innovate the company’s offerings. Recognizing the challenges posed by rivals, the company is committed to regaining its competitive edge in India.