Emami buys majority stake in Australian firm
Personal and healthcare FMCG company Emami, through its subsidiary Emami International FZE, has acquired controlling stake in Australia-based Fravin Pty Ltd. along with its three subsidiaries. Fravin Pty Ltd. is engaged in research and development (R&D) and in the manufacture of natural and... read more »
India poised for 6.5% growth: Jaitley
The economy is set to clock a 6.5 per cent growth next year and then take off to reach 8-9 per cent in the years to come on the back of huge public support for reforms initiated by the government, Finance Minister Arun Jaitley said on Thursday. “There is a huge amount of popular support,... read more »
Oil prices rise after Saudi King’s death
Oil prices rose on the news of the death of Saudi Arabia’s King Abdullah Thursday, but the king’s death is not expected to change the course of oil prices over the next several months. The price of U.S. crude was up 88 cents, or 1.9 percent, to $47.19 a barrel in after-hours trading. Brent... read more »
Sensex, Nifty extend record-breaking spree on global cues
Extending gain for the seventh straight session, the BSE Sensex scaled another peak of 29,389.18 and the NSE Nifty breached the 8,800-mark for the first time in opening trade, driven by positive global cues triggered by European Central Bank’s stimulus measures. The benchmark BSE Sensex climbed... read more »
