Thursday, 14 November 2024
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Markets Prepare For the Higher Earnings Next Week

  • The Ministry of Commerce and Industry has directed online retailers to remove all drinks, including Bournvita.
  • The government has ordered gas-based power-generating facilities to begin operations from May 1.
  • Resilient domestic investors made up 98% of all institutional investments during the January–March quarter.

The Ministry of Commerce and Industry has directed online retailers to remove all drinks, including Bournvita, from the “health drinks” section of their websites and online marketplaces.

The FSS Act of 2006, as well as the rules and regulations that FSSAI and Mondelez India Food Pvt Ltd filed, do not define “health drink,” according to the National Commission for Protection of Child Rights (NCPCR).

HMPL

It was stated by Hazoor Multi Projects Ltd (HMPL) that a proposal to generate Rs 486 crore by issuing warrants had received approval from the board. The board has approved a Rs 4,860 million fundraising plan that calls for the preferential issuance and distribution of up to 1.62 crore fully convertible warrants to folks who fit into the “non-promoter” and “public” categories.

The government has ordered gas-based power generating facilities to begin operations from May 1 through June 30 to prepare for the expected lengthy summer heat wave and ensuing increase in demand for electricity.

Resilient domestic investors made up 98% of all institutional investments during the January–March quarter. Hindustan Zinc (HZL) and VEXL Environ Projects Pvt Ltd (VEXL) have joined forces to start a prototype facility that will use waste to create income and provide a sustainable solution.

Ashneer Grover plans to reenter the financial sector with the release of his new app, ZeroPe. Up to Rs 5 lakh in medical loans will be available via the app.

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