BUSINESS
Unilever to remove 'normal' from its beauty, personal care brands
In addition to removing the word "normal", Unilever will not digitally alter a person's body shape, size, proportion or skin colour in its brand advertising, and will increase the number of advertisements portraying people from diverse groups who are under-represented.
India's banks' recovery faces asset-quality risks: Fitch Ratings
According to Fitch, India's banks reported lower impaired loans and improved profitability for the nine months ended December 2020 due to various forbearance measures and continued large write-offs. In a statement, Fitch said that India's banks - particularly state banks - remained more risk averse than in prior years, which was reflected in their weak credit growth.
Tata Motors shareholders' give nod to hive-off PV biz into new entity
In August last year, the board of directors of the company had approved the proposal as per which Tata Motors would transfer its "PV Undertaking" as a going concern, on a slump sale basis to TML Business Analytics Services, the transferee company for a lump sum consideration of Rs 9,417 crore.
Seychelles fund proves to be Achilles heel for Air India employees as bid gets rejected
The transaction advisor to the government, Ernst & Young, informed the employees of Air India that they have been unsuccessful in qualifying for the next phase of the ‘disinvestment acquisition process' on account of inadequate details of the Seychelles-based fund.
Govt's privatisation plan will see it retaining minority shareholding in select companies
Highly placed government sources said that a bare minimum government presence may be maintained in sectors such as defence, railways and infrastructure so that necessary hand holding is provided to the new management in the initial years of operation.
India retail sector to add 2.5 crore new jobs by 2030: Report
The online+offline model will lead to $125 billion retail exports and $8 billion in incremental GST contribution in the next 10 years, according to the report by Nasscom in association with leading management and consulting firm Technopak.
Crude oil prices jump above $70 per barrel on global tensions
The spike in oil prices comes after Iran-backed Houthi rebels unleashed a coordinated attack on Saudi Arabia oil facilities and military bases. Consequently, the Brent crude futures jumped above $70 a barrel on Monday.
Adani Ports' shares rise as Warburg Pincus arm to invest 800cr
Shares of Adani Ports and Special Economic Zone (APSEZ) rose on Monday morning on the company's announcement that Windy Lakeside Investment Ltd, a unit of Warburg Pincus, will invest Rs 800 crore in the company.
Only Tata, Spicejet now in the fray for Air India
The transaction advisors have been in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.
JPMorgan says up to $316bn selling in equites by quarter end
According to a report in Zero Hedge, this number will likely be lower following last week's sell-off which followed the original JP Morgan analysis, and may be some $40 billion less based on assumptions about forced Norwegian selling, we are still talking about selling in the $100 billion plus range in the days before quarter end.
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