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India's richest club sees nine new entrants; Ambani still No 1
Half of the nation’s 100 richest saw gains rising a collective 14% to $517.5 billion, says Forbes. The Covid-19 pandemic may have hit India hard, but nine newcomers joined the ranks of......
Dairy farmers' stir: Milk may be introduced in mid-day meal
By official estimates, the country has a surplus of 300,000 tonnes of milk powder, which has led to dairies and other bulk buyers cutting liquid milk purchase thus affecting its price. With milk......
Danone's exit shows challenges global dairy firms face in India
The Rs 1-trillion organised dairy market is dominated by co-operatives in almost every state. Last week, French food-products major Danone put its India dairy chapter to rest with the sale of its......
No conflict of interest, clarifies Deepak Kochhar
‘When Pinnacle Trust bought the stake of Supreme Energy, it included a liability of Rs 640 million. The purchase was at a fair market value (prevailing price) of Rs 8.80 per share,’......
Buoyant markets help promoters raise funds via stake sale
Institutional investors led by foreign portfolio investors have bought these shares. Illustration: Uttam Ghosh/Rediff.com Promoters of five companies - Bharti Infratel, Escorts, McLeod Russell......
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