Vietnam’s top soft drinks tycoon was jailed for eight years on Thursday in a $40 million fraud case, the latest high-profile business figure snared in the country’s sweeping crackdown on corruption.The communist nation’s wide-ranging campaign to wipe out endemic graft has seen more than 4,400 people charged with criminal offences, including officials and senior business … Read more
Introduction: BHP proposes takeover of Anglo American Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. There’s takeover excitement in the mining world this morning after Australia’s BHP made a takeover approach for smaller rival Anglo American The deal, if completed, would be one of the largest … Read more
Global brokerage Morgan Stanley maintained an overweight rating on Dalmia Bharat, Macquarie recommended an outperform rating on Axis Bank, Jefferies maintained a hold rating on Kotak Mahindra Bank and Investec has a buy rating on Aurobindo Pharma. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley … Read more
I am 92 and live in a fifth-floor flat. The block is very secure, with a concierge and fobs for access to each floor. Last year I insured the contents of my home against fire and flood only, with Saga, for £78 (the building is insured by Islington council for £10 a month). Nothing has … Read more
Indian market is likely to consolidate on Thursday tracking mixed global cues. The Nifty future closed positive with gains of 0.22% at 22420 levels on Wednesday. India VIX was up by 0.78% from 10.20 to 10.28 levels. On the options front, the maximum Call OI is placed at 22500 and then towards 22700 strikes while … Read more
Swaminathan Aiyar, Consulting Editor, ET Now, says this kind of misinterpretation of the Congress manifesto should not be taking place, although it does happen. When you see the Election Commission is pulling up somebody for a mere remark about Hema Malini, it should take action on this as it is a much more serious defamation … Read more
It will be raining earnings today. From the coveted Nifty50 pack as Bajaj Finance to Nestle, Tech Mahindra, IndusInd Bank, LTTS among others, 44 companies will announce their quarterly results on Thursday. Apart from the above major results, investors will also keep a close watch on 37 other companies, due to release their numbers during … Read more
A person rides past a Walgreens truck, owned by the Walgreens Boots Alliance, in Manhattan, New York City, on Nov. 26, 2021. Andrew Kelly | Reuters Walgreens on Thursday said it will start to work directly with drugmakers to bring cell and gene therapies to U.S. patients as part of a broader expansion of its specialty … Read more
The Reserve Bank of India has called for banks to exercise more vigilance when it comes to preventing the misuse of traditional banking channels in enabling unauthorised trading in foreign exchange. The central bank said in a notification on Wednesday that it has come across instances of unauthorised entities offering foreign exchange trading facilities to … Read more
Equity indices ticked higher for the fourth straight session on Wednesday, helped by positive trend in global equities. The 30-share Sensex climbed 114 points to settle at 73,852 and the Nifty advanced 34 points. Stocks that were in focus included names like SAIL, which rose 7.36%, MCX, which was down 4.63%, and HUL, whose shares … Read more
