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The maker of Maggi noodles and KitKat chocolate reported a profit after tax of Rs 602 crore for the quarter. Revenues in the quarter rose 8.9 per cent from year ago level to Rs 3,600 crore. Shares of Nestle India ended flat at 17,086.25 on Tuesday.
Jeff Bezos reclaims title of world’s richest after Elon Musk slipsTesla Inc. shares slid 2.4% on Tuesday, erasing $4.6 billion from its chief executive officer’s fortune and knocking him from the top spot on the Bloomberg Billionaires Index ranking.
from Stocks-Markets-Economic Times https… Read MoreTokyo stocks open lower on profit-takingInvestors were cautious about over-valuation of stocks after recent rallies.
from Stocks-Markets-Economic Times https://ift.tt/3jWzk1H
… Read MoreIs Warren Buffett a stock buyer or seller? Yes.Berkshire’s investment activity during the final three months of 2020 was all over the place, reflecting the chaotic and uncertain moment the world finds itself in — and that was before the GameStop phenomenon and meme-stock … Read MoreStocks in the news: Adani Ports, Nestle India, L&T Finance, FRL, APL Apollo and IndusInd BankFMCG major Nestle India reported a 2.25 per cent rise in net profit to Rs 483.31 crore for the fourth quarter ended December.
from Stocks-Markets-Economic Times https://ift.tt/3pAp2FX
… Read MoreCredit Suisse upgrades India to ‘overweight’Credit Suisse said the credit cycle in India is at an earlier stage compared to all other markets in the region. “The scope for rate cuts is greater than in perhaps every other market save Indonesia,” the brokerage said.
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