The company reported consolidated net sales of Rs 526.87 crore in Q1FY21, which declined by 50.75 per cent YoY from Rs 1069.85 crore in Q1FY20.

The 10-year benchmark bond yields surged over 6 per cent. What should debt MF investors do? Read on to find out more.

India’s leading integrated travel services company, Thomas Cook (India) announced on Tuesday that it has partnered with Payback India to offer attractive loyalty benefits to its customers thereby, enabling them to earn and redeem points on every Thomas Cook holiday purchase.

The consolidated net sales reported in Q1FY21 came in at Rs 359.53 crore, which declined by 60.56 per cent YoY from Rs 911.52 crore in Q1FY20. 

Ramco Systems informed the bourses on Tuesday that it has entered into a multi-million dollar agreement with leading utilities and infrastructure group with diversified businesses in Malaysia

On Tuesday, the Sensex and Nifty opened comfortably in green and then slid twice into red zone during the volatile trading session. The Sensex managed to close at 38843.88 levels, up by 44.80 points or 0.12 per cent. Nifty closed at 11472.25 levels, up by 5.80 points or 0.05 per cent. The Mid-Caps and the Small-Caps once again outperformed the markets.

The management of the company mentioned that many of its suppliers invoked force majeure clause (which allows temporary relief from contractual obligations in uncertain & uncontrolled situations such as pandemic).

Interestingly, the management in a conference call held for the discussion of the acquisition, mentioned that Bharti AXA made a loss of Rs 240 crore in FY20. This can be considered as one of the reasons why the stock price is not cheering on the announcement of the transaction.

Single-mode optical fibre is imported from various countries including China, Japan, the US and Korea. The major quantity is imported from China. The directorate, in its probe, concluded that the product is being imported to India in such increased quantities that it may threaten the domestic manufacturers.

CRISIL expects India’s retail food inflation, which is measured through consumer price index (CPI), to cool down in the second half of the ongoing fiscal year on account of the effect of the high base of the previous year, along with a bumper Rabi harvest and a good prospect of Kharif harvest