Fri, Sep 29, 2023 10:01 AM
Dalal Street bulls continue to slip on global oil spill
A Flip by Shubhangi Gupta
There are three common responses to the tripling in value of a bunch of meme stocks in two days. The first is to shake one’s head in wonder at how badly broken the stock market is today. The second is to want to get in on the action. The third is concern that wild meme-stock price gains are a symptom of easy money that’s propping up the entire market.
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India is set to issue additional investment guidelines under the electric vehicle (EV) policy announced in March, a government official told The Economic Times. Applications from auto companies based in countries sharing a land border with India, such as China, will undergo "much more onerous scrutiny." However, companies already established in India will not need to create new subsidised.
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As many as 70% of Nestle India's public shareholders and 57% of total shareholders have voted against the increase in royalty payment to the parent company. The resolution that was being considered included paying as much as 3.25% net of taxes of the net sales of the company's products to its parent company Societe des Produits Nestle SA. The same was to be paid in a staggered manner.
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