Jeff Bezos Sold Over $3 Billion In Amazon Shares

Amazon Founder and CEO Jeff Bezos have sold over $3.1 billion worth of the company’s shares this week, according to documents filed with the US Securities and Exchange Commission (SEC). Following tax deductions, the world’s richest man will take home an estimated $2.4 billion, Forbes reported on Wednesday. While the reason behind the current share

Maruti Suzuki S-Cross Petrol Launched

Automobile major Maruti Suzuki India on Wednesday launched the all-new S-Cross Petrol with a starting price of Rs 8.39 lakh. As per the company, the SUV has been engineered with a ‘1.5 Litre K series BS6′ petrol engine. “The new refined engine delivers a peak power of ’77KW@6000 rpm’ with a top-end torque of ‘138Nm@4400rpm’

‘Agarbatti’ production scheme approved by MSME Minister

Union Minister for Micro, Small & Medium Enterprises (MSME) Nitin Gadkari has approved a scheme to raise production of ‘agarbatti’ (incense sticks) and become self-reliant on that front. The Khadi Agarbatti Aatmanirbhar Mission, proposed by the Khadi and Village Industries Commission (KVIC), eyes employment generation as well as making India self-reliant in agarbatti production. A

Delhi Invites Investors

Delhi Deputy Chief Minister Manish Sisodia on Thursday asserted that capital’s GDP has doubled in the past seven years and its per capita income is three times the national average. Addressing the ‘Invest India Exclusive Investment Forum’, Sisodia said that the national capital offers a plethora of opportunities for retail and e-commerce firms. “Delhi is

OMCs set to start FY21 with a bang in Q1

The Covid-19 demand suppression in early part of the year is likely to abate for oil marketing companies, now with state-run companies — IOC, HPCL and BPCL making a strong beginning to FY21 returning high levels of earnings per share between 37 and 266 per cent in three months, ICICI Securities has said in a

Sales Plunge to Dent Auto Dealers’ credit

Two consecutive years of double-digit decline in sales volume and a 50-100 basis points (bps) moderation in already thin operating profitability are expected to materially dent the credit metrics of automotive dealers this fiscal, a study of 2051 CRISIL-rated dealers indicates. After declining 18 per cent in fiscal 2020, vehicle sales volume is expected to

Diesel Maintains Gain over Petrol

Diesel has maintained its gain over petrol in Delhi as oil marketing companies kept the prices of auto fuels unchanged on Wednesday after raising the price of diesel by 25 paisa per litre in the city a day earlier. With the retail prices remaining unchanged, diesel is priced at Rs 80.78 a litre in the