Equity indices retreated from a record high on Friday as investors resorted to profit booking. The 30-share Sensex dropped 733 points to settle at 73,878 and Nifty declined 172 points to 22,475. Stocks that were in focus include names like CEAT, which fell 2.93%, Coforge, which was down 10.03%, and ABFRL, whose shares dropped 3.43% … Read more
Water has started to return to more than 30,000 homes in East Sussex after a main burst three days ago. Southern Water said in an update on Sunday afternoon that supplies were “gradually being restored” to about 32,5000 properties in St Leonards-on-Sea and Hastings. However, the company said 3,500 homes in the east of Hastings … Read more
The stock is trading at 41 times the company’s one-year forward earnings, compared with the long-term average of 36 times. Synopsis The company is the India market leader in contract manufacturing of ACs, a business where it is facing challenges due to brands increasingly turning to in-house manufacturing of room ACs. ET Intelligence Group: Amber … Read more
New restaurants, offices, schools and hospitals in England will be required to have separate male and female toilets, in a move ministers say will combat growing concerns about “privacy and dignity” in gender-neutral facilities. The law will mean newly built non-residential buildings require separate facilities, and cannot solely have “universal” lavatories. According to ministers, 81% … Read more
Billionaire investor Warren Buffett said that the Indian market has “unexplored” opportunities which his conglomerate holding company, Berkshire Hathaway, would like to explore “in the future”. Buffett’s remarks came at Berkshire’s annual meeting on Friday when Rajeev Agarwal of DoorDarshi Advisors, a US-based hedge fund that invests in Indian equities, asked him about the possibility … Read more
President Xi Jinping has lauded China’s ties with France as a model for the international community, as he arrived in Paris for a rare visit against a backdrop of mounting trade disputes with the EU. French President Emmanuel Macron is set to urge Xi to reduce trade imbalances and to use his influence with Russia … Read more
Mumbai: Mahindra & Mahindra Financial Services reported a 10% year-on-year fall in profit in the quarter to March amid a sharp rise in provisions and higher finance costs. Standalone net profit fell to ₹619 crore in the quarter from ₹684 crore a year ago, largely as total provisions increased to ₹341 crore in March 2024 … Read more
The UK and Scottish governments have been asked to arrange urgent talks to protect the future of Scotland’s only remaining oil refinery at Grangemouth. Daniel Johnson, Scottish Labour’s economy spokesperson, has written to PetroChina, part of the joint venture that owns the site, seeking to discuss the future of the complex where oil refining is … Read more
Pune: India’s decision to remove the 40% import duty on desi chana has led to a 7-10% jump in the international prices of the commodity within a day of the announcement on Friday. Made at a time when sowing is ongoing in Australia, this decision is expected to encourage farmers there to boost the acreage … Read more
Scott Galloway is an American professor of marketing at New York University Stern school of Business. He has founded and sold several tech firms, and served on the board of directors of companies such as the New York Times and Urban Outfitters. With tech journalist Kara Swisher he co-hosts the hugely popular tech and business … Read more
