News Overview

The company, which also sells Maggi noodles, Kitkat chocolates, and Nescafe coffee, said in a statement that its products were manufactured in the country "in full compliance" with CODEX standards.

The arrangement, sanctioned and issued as a 20-year rupee term loan, provides considerable commercial benefits.

The benchmark contracts increased by more than $3 before somewhat declining. Brent futures were up $2.63, or 3%, to $89.74 a barrel.

Bajaj Auto also said that commercial vehicle sales had increased, while electric three-wheeler volumes were continuing to expand.

Spot gold was up 0.4% at $2,388.49 an ounce. American gold futures increased by 0.2% to $2,403.30 an ounce. For the week, gold has increased by 3%.

During the F&O ban period, no fresh positions are permitted for any F&O contracts associated with the affected stocks, as mandated by the stock exchanges.

Proceeds from the fresh issue will be utilized to fund working capital requirements. IIFL Capital Services and ICICI Securities are the lead managers for the issue.

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes.

Based in Vadodara, Kronox is a manufacturer of high-purity speciality fine chemicals used across various industries such as pharmaceutical formulations, biotech, nutraceuticals, personal care, and more.

While LIC may have struggled in FY24 overall, the turnaround is visible in the last few months.