There is a big divergence between how the stock market is and the economy is faring. One seems to be hitting all-time highs while the other is hitting lower levels with each passing month.In this ease, growth slowdown has deepened as IIP performance for the second consecutive month points to a deep slump in economic activity. Industrial production data contracted for the second month in a row to 4.3 percent in September, its lowest level in almost 8 years.In terms of markets – the S&P BSE Sensex, which has risen over 11 percent so far in the year 2019, hit a fresh record high of 40,749 on November 8, while the Nifty50 also reclaimed 12,000 levels in the week gone by.Close Equity markets are inching towards record high, but the economy seems to be struggling, which puts investors’ in doubt about investing at record highs. We spoke to experts to help us understand the dichotomy and if investors did the right thing investing in markets at record highs. related … [Read more...] about Economic data disappoints: Did you make a mistake in investing when Nifty50 hit 12K?
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Reported Consolidated quarterly numbers for Adani Enterprises are:Net Sales at Rs 8,464.19 crore in September 2019 down 7.54% from Rs. 9,154.59 crore in September 2018.Quarterly Net Profit at Rs. 49.50 crore in September 2019 down 71.23% from Rs. 172.03 crore in September 2018.Close EBITDA stands at Rs. 540.47 crore in September 2019 down 2.15% from Rs. 552.35 crore in September 2018.Adani Enterpris EPS has decreased to Rs. 0.45 in September 2019 from Rs. 1.56 in September 2018.Adani Enterpris shares closed at 210.85 on November 11, 2019 (NSE) and has given 79.29% returns over the last 6 months and 31.58% over the last 12 months.Adani EnterprisesConsolidated Quarterly Resultsin Rs. Cr.Sep'19Jun'19Sep'18Net Sales/Income from operations8,464.1910,561.379,154.59Other Operating Income------Total Income From Operations8,464.1910,561.379,154.59EXPENDITUREConsumption of Raw Materials457.26362.94330.83Purchase of Traded Goods6,350.177,537.047,625.78Increase/Decrease in … [Read more...] about Adani Enterpris Consolidated September 2019 Net Sales at Rs 8,464.19 crore, down 7.54% Y-o-Y
Coke launched its bottled water brand, Dasani, 20 years ago. It’s now the bestselling bottled water in the U.S. at a time when bottled water is also the country’s best-selling beverage. The industry sells billions of bottles in a year—and it knows that most of those bottles aren’t recycled. advertisement But if you want to buy sparkling water from Dasani’s new vending machine, you won’t get a plastic bottle. In fact, you can’t buy the water at all unless you supply your own bottle. The machine, called PureFill, is one of 100 that Dasani is rolling out to test as one approach to deal with the problem of plastic waste, of which it is a major contributor. “It’s actually an experiment in how comfortable are people with that type of delivery,” says Bruce Karas, vice president of environment and sustainability at Coca-Cola. It’s part of a handful of new strategies that the company announced today it is trying to reduce … [Read more...] about Dasani’s new water vending machine is BYOB (bring your own bottle)
Global stocks sank Wednesday after President Donald Trump threatened more tariff hikes on Chinese imports if talks aimed at ending a trade war fail to produce an interim agreement. Market benchmarks in London, Frankfurt, Shanghai and Tokyo declined.Trump said Tuesday that an agreement on the "Phase 1" deal announced last month "could happen soon." But he warned he was ready to raise tariffs "very substantially" if that fails.The two sides disagree publicly about whether Washington agreed to roll back some punitive tariffs imposed in the fight over Beijing's trade surplus and technology ambitions. The Chinese government said last week that was settled, but Trump denied that.Close Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & … [Read more...] about Global stocks sink after Trump threatens more China tariffs
Shares of Tata Consultancy Services (TCS) jumped almost 4 percent intraday on November 13, a day after the company announced an expansion of its long-term partnership with Phoenix Group.".....expansion of long-term partnership with Phoenix Group, Europe's largest life and pensions consolidator, will drive the growth and transformation of the Standard Life business and meet the future needs of its customers, workplace clients and their advisers," TCS said in a BSE filing.The company said the expanded partnership will result in the digital transformation of Standard Life's pensions and savings operations onto the TCS BFSI Digital Platform, powered by TCS BaNCS.Close Moreover, this will expand the overall scope by a further 4.2 million policies, taking the total number of policies managed by Diligenta, TCS' regulated subsidiary in the UK, on behalf of Phoenix Group, to nearly L0 million, said TCS. related news Edelweiss Financial share price locked at upper circuit on … [Read more...] about TCS expands partnership with Phoenix Group; share price up 4%