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Big chains like Tata group’s Taj, Oberoi and ITC Hotels also have their fingers crossed as they had depleted significant reserves to survive the pandemic and need to replenish the same for future shocks. Taj parent Indian Hotels Company (IHCL) reported a loss of Rs 720 crore in FY21 with revenue falling 62% to Rs1,740 crore.
Stocks in the news: RIL, YES Bank, Titan, IndusInd Bank, DRL and Ambuja Cements DRL said it has launched generic Albendazole tablets, used in the treatment of a variety of parasitic worm infestations, in the US market.
from Stocks-Markets-Economic Times https://ift.tt/3e4qiye
… Read MoreBuffett to first-time investors: ‘It is not as easy as it sounds’Warren Buffett said before investors become too sure of themselves, it is important to realise that “there is a lot more to stock picking than to work out which is going to be the most wonderful industry in the future.”
from… Read MoreAmbani’s RIL flags economic pain as virus devastates IndiaReliance Industries Ltd., India’s largest company by market value and one that’s considered a bellwether for the broader economy, said it hasn’t escaped a devastating new wave of the coronavirus and warned of more pain unless… Read MoreWarren Buffett’s meeting of many mea culpas: From Apple to healthcare“That was probably a mistake,” Warren Buffett said of its decision to sell some of Apple’s stock last year.
from Stocks-Markets-Economic Times https://ift.tt/3e7n8dk
… Read MoreGovernment names T Rabi Sankar as Deputy Governor of RBINorth Block appointed T Rabi Sankar, executive director of the Reserve Bank of India as the fourth deputy governor of the central bank, said a government source with knowledge of the matter.
from Stocks-Markets-Economic Time… Read More
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