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The plastics industry is booming right now, thanks to the coronavirus

The feedstocks have never been cheaper and the demand has never been greater.





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Cochlear Launches Industry's Smallest Bone Conduction Sound Processor with Innovative Technologies Designed to Make Listening Easier - Introducing the Cochlear™ Baha® 5 System

Get a sneak peak at the industry’s smallest and smartest bone conduction sound processor. Now the first hearing implant with Made for iPhone® technology.




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The US wind industry installed over 1,800 megawatts in first quarter, but the coronavirus remains a risk

The renewable energy sector is being affected by the coronavirus in a number of ways.




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Coronavirus could be the tipping point for movie theaters, gyms and other industries already suffering from disruption

Movie theaters, fitness centers, commercial real estate and pay TV could be among the industries that are vulnerable in prolonged quarantines.




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How coronavirus could permanently change the movie industry

The distinction between a theatrical and a digital release is disappearing as theaters shut down. This could fundamentally changes studios' leverage in negotiations with theater chains, permanently alter consumer behavior and raise the bar significantly for going out to the movies.




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Gold is one of the few industries without a demand issue: Evolution Mining

Jake Klein of Evolution Mining explains why gold companies are faring better than most sectors during this time of extended uncertainty due to the coronavirus pandemic.




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Michigan lawmakers lead congressional push to include auto industry in next stimulus bill

"The projected economic fallout for the (auto) industry is grave," reads the bipartisan letter signed by nine lawmakers from Michigan, Ohio, Tennessee, Texas and Alabama, all states with big auto manufacturing plants.




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Carl Icahn, who's made a large bulk of his fortune in energy, has a new play in the industry

Icahn's next energy bet could pay off through a takeover or a rebound in oil prices.




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Rocket Lab CEO: The space industry is entering at least 'a year and a half slog' due to coronavirus

Rocket Lab CEO Peter Beck told CNBC that the impact of the coronavirus crisis on the space industry is in "early days," as he expects a tough environment for at least 18 more months.




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Campbell: Odds of some type of government support for oil industry are rising

Chris Campbell of Duff & Phelps discusses the likelihood of a bipartisan deal to support the U.S. oil and gas industry, which has been battered by the demand destruction caused by the coronavirus.




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No improvement in industry situation amid pandemic: Intl Chamber of Shipping

Esben Poulsson from the International Chamber of Shipping gives "Capital Connection" an update on how the industry is still fighting for government action amid the coronavirus crisis.




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Cramer: Tesla is an industry standout, stock will go much higher

CNBC's "Squawk on the Street" team discuss Tesla's stock performance and how the company stands out in the auto industry.




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11 attorneys general sound alarm about meat industry

A group of state AGs are raising concerns about the meat industry. CNBC's Ylan Mui reports.




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Hilton CEO on navigating coronavirus pandemic as crisis hits hotel industry

Chris Nassetta, president and CEO of Hilton, joins "Squawk Box" to discuss company earnings, navigating the coronavirus crisis and more.




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Two-week quarantine for travellers to UK would 'devastate' aviation industry

Stringent measures to be announced with visitors and returning Britons to be asked to self-isolate

A 14-day quarantine period for all travellers coming to Britain would have a devastating impact on the UK aviation industry and wider economy, a trade body has said.

The government is expected to announce the quarantine on Sunday as part of measures to prevent a second peak of the coronavirus pandemic.

Continue reading...




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COVID 19: Impact on newspaper industry

COVID 19: Impact on newspaper industry




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COVID-19 SaaS Industry Research

In partnership with RevOps2, we are conducting research on how COVID-19 is impacting SaaS companies. Our goal is to use the collective knowledge and actions of our membership to provide insights and guidance to the overall SaaS industry. All information will be aggregated and anonymized to protect the privacy and confidentiality of every participant.

Keep on reading: COVID-19 SaaS Industry Research




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Exclusive Interview: industry expert shares forecast on global 3PL sector

Cathy Morrow Roberson, Founder & Head Analyst for Logistics Trends & Insights LLC – a boutique market research firm that specializes in global supply chains – recently shared her observations on the current state of the global and domestic Third-Party Logistics (3PL) industry in this exclusive interview.




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Industry expert shares forecast on global 3PL sector: Part II

Cathy Morrow Roberson, Founder & Head Analyst for Logistics Trends & Insights LLC – a boutique market research firm that specializes in global supply chains – recently shared her observations on the current state of the global and domestic Third-Party Logistics (3PL) industry in this exclusive interview.




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Film show: How is Covid-19 impacting the French cinema industry?

With 6,000 cinemas closed, 200 film shoots stopped in March, more than €150 million already lost and more than half of the population signed up to a streaming service, film critic Lisa Nesselson speaks to Eve Jackson about the effect of the coronavirus on the French film industry. They also talk about the revival of the drive-in in these social distancing times and the release of Terrence Mallick's "A Hidden Life" on VOD.






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Industries that are Shadier than They Seem

It seems like when you get down to the nitty gritty of just about any industry, there are some shady parts of it that no one wants to talk about. Even the most fun and simple seeming industries like avocados or tropical fish have seriously dark sides. When it comes to how a company treats it's employees, there are some definitered flags when it comes to looking for a job.




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Divya Dutta: Chronicling my journey in the film industry

"Writing a book is no joke," starts off Divya Dutta, whose last published work, Me and Ma, hit the stands in 2017. Trying to meet her publisher's deadline, the actor has already begun work on her next book amidst the lockdown.

The actor agrees that it takes up most of her time. "I think people liked my nostalgic journey [in Me and Ma] and it's beautiful to express what you feel and find a connect with the readers," says Dutta, as she makes writing her priority. She reveals that being in the film industry for almost two decades has provided fodder for her book. "I am writing a memoir on the film industry. It will chronicle my journey in cinema, but I wouldn't call it a biography," says the actor as she explains that the earlier book was also a chapter of her life, but through the eyes of her mother. "This is going to be different from what I have written or shared before," says Dutta of the yet-untitled book.

Dutta's next, Sheer Qorma, is a story on the LGBTQAI+ community. She credits her impulsive nature for her choice of films. "I am called a risk-taker because I am impulsive about my choices. I go by my intuition when I get a script. The story of Sheer Qorma moved me as it talks about acceptance by the people you love unconditionally," says the actor, adding Fire (1996) was ahead of its time.

"I hope this film will help normalise something that we make an issue out of."

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Heard Sona Mohapatra's Zaalima version? The singer highlights gender politics in the music industry

Singer Sona Mohapatra, who is known to speak her mind, has come up with a new song, her own badass version of Raees' Zaalima. The singer's soulful voice is a perfect fit for love ballads, case in point Ambarsariya, Naina, Bolo Na and many of her hits. While, it wouldn't be wrong to say that, very few female solo songs are released nowadays in film soundtracks, it came as a pleasant surprise to see this reprise and refreshing version of the the Shah Rukh Khan's film, Raees' popular love song.

Sona has an unique ability to infuse newness in songs and her version of Zaalima is quite different from the original version, sung by Arijit Singh. As per her post, she had created this in-house video with some interesting 'gender-political' messaging about the state of the music industry some time ago and is all set to release it to spread cheer and even some laughs to drive away the lockdown blues, now!

Sona says, "Musicians have been hit the hardest in recent times. There are no residuals or royalties for creators here unlike the west and unless we step out to play concerts on stage we don't make money. It's only sweat labour in India. The lockdown and post COVID era will hit the musicians even harder with no stages to play in and the economy focusing on essentials. In these grim times, most artists in my community have been setting aside their own emotional state and performing online to spread joy and love and I am so proud of all of them! In these times you realise that it's mostly musicians who have the craft and talent to deliver without too many resources or people helping them. My DIY video should be taken with a pinch of salt although any good comedy does come from a truthful place; our film-music has completely sidelined the strong solo female voice in the last decade and it's time for all of us to notice."

"Few know that I had been called to sing the last few lines of the film version but couldn’t fathom why only the last few lines were reserved for the female voice considering it was a romantic duet!" - she wrote on her YouTube channel, while sharing the song. 

A user commented - "I didn't know who's voice was this? Also, I was a huge fan of Sona Ma'am. But now I'm flat. And now after this rendition, I'm completely dead."

Another user commented: Thank goodness she didn't end up singing the actual song.

Tell us your views about the new version of Zaalima!

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Here's how successful casting director Parag Rawool's journey has been in the entertainment industry

Parag Rawool is a well know reality show casting director in the Indian Television industry who started his career as an event planner and floor manager for many media events back in 2007.

Parag is an Engineering student who grew fondness towards events and reality shows which led him to aspire his dreams in the entertainment industry, who's now a Talent head for most of the prominent channels in India like Starplus, Zee Tv, Colors, History TV 18 etc. With an interesting journey of more than 12 years, Parag has successfully worked on television and reality shows which have gone ahead to become audiences favourite.

Parag Rawool has a track record of having done more than 100 promotional events across India and a bunch of ad shoots in addition. This young lad has worked as a senior talent producer on some of the top-rated shows like Dance +, Saregamapa Lil champs, Master dance, Rising star and many more.

This young talented casting director has not only worked for television reality shows but has also been part of movies like Ye Re Ye Re Paisa as a production manager and an assistant location manager for Ferrari Ki Sawari. After successfully working for 12 consecutive years, Parag started his own agency named Team Aspiring, a 360-degree media and entertainment agency which consists of media professionals from every department and strata of the industry.

The casting director is currently working on his upcoming projects which are currently in the pipeline.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.




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Telly tattle: Mohsin Khan completes a decade in the industry, shares his thoughts

Yeh Rishta Kya Kehlata Hai star Mohsin Khan has completed a decade in the industry. The electronics engineer-turned-actor began as a model. He had never imagined that he would achieve success. "There's struggle in every field. The entertainment industry is no different. We all need to put in our best every single day," he says. Given the kind of success he has seen in these last 10 years, it seems the coming decade will be as fruitful and fascinating for the actor!

Voice of hope

Sayantani Ghosh, Barkha Sengupta, Gurdip Punjj, Shubhangi Atre, and Debina Bonnerjee feature in the music video, Hamara India, which highlights 'the merrier future that awaits us once the pandemic passes'. Singer-composer Hardik Tailor has collaborated with DJ Shadow Dubai for the song. The actors shot for it in their respective homes. The last two months have been very trying and testing for the whole world and as far as the celebrities are concerned, they are making sure they don't let the morale of the people down. 

The main intent of creating such songs and releasing them virtually is to keep the spirit of the common men intact and give them the belief that life will be back to normal soon. A lot of television and even Bollywood celebrities have been doing that and once the lockdown ends, it's going to be nothing less than a grand celebration!

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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TV industry to pay musical tribute to Rishi Kapoor, Irrfan Khan

Several television celebrities will get together in a virtual music concert to pay a tribute to Rishi Kapoor and Irrfan Khan, who passed away last week. Titled Dard-e-Dil, the concert includes artistes like Bharati Singh, Maniesh Paul, Hina Khan, Arjun Bijlani, Devoleena Bhattacharjee, Sukhwinder Singh and Aditya Narayan among others.

"This tribute is a great chance for us to pay respects to these two legends of Bollywood. Both Rishi Kapoor ji and Irrfan Khan have given so much joy to us fans through their work. The last week was indeed the worst week for Indian Cinema as we lost two legends one after the other. They may have gone from the world but they will live in our hearts forever through the work they have done. I am honoured beyond words that I have been chosen to give them tribute to them through this concert. We will celebrate their unforgettable contribution to Bollywood and pay the tribute," Bharati said.

Irrfan breathed his last on April 29 at the age of 54. He was admitted to Mumbai's Kokilaben Dhirubhai Ambani hospital with a colon infection. However, unfortunately he succumbed to his ailment. Rishi Kapoor passed away a day later at Sir HN Reliance Foundation Hospital on April 30. He had been battling leukemia for the past two years.

The concert will be aired on Colors channel on Sunday, May 10.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Coronavirus outbreak: All public places shut, but rural industries to open up

Industrial units in rural areas will be allowed to function from April 20 provided they follow social distancing norms while all kinds of public transport will be barred and public places closed till May 3, according to guidelines issued on Wednesday to enforce the second phase of the lockdown.

Wearing masks/face covers in public places is now compulsory across the country. Besides, strict ban enforced on the sale of liquor, gutka, tobacco etc under the new Ministry of Home Affairs guidelines that come a day after Prime Minister Narendra Modi announced the extension of the nationwide lockdown till May 3.

The PM also said necessary activities will be allowed from April 20 in identified areas of the country. Laying out the dos and don'ts for phase two of the pan India lockdown, the guidelines state that all work places should make adequate arrangements for temperature screening and must provide sanitisers at convenient places.

Services provided by self-employed electricians, IT repair personnel, plumbers, motor mechanics and carpenters will be allowed from April 20. Inter-state, inter-district movement of people, Metro, bus services will be prohibited till May 3. Manufacturing, industrial units with access control in SEZs, export oriented units, industrial estates, industrial townships will also be allowed to function from that date. Educational institutions, coaching centres, domestic, international air travel, train services will remain suspended, the ministry said. Public places such as cinema halls, malls, shopping complexes, gyms, sports complexes, swimming pools and bars will be shut too till May 3.

Leave without pay for Vistara employees

Vistara chief Leslie Thng on Wednesday announced that senior employees will be going on compulsory leave without pay for up to three days between April 15 and 30 as a measure to further conserve the airline's cash flow amid lockdown to combat the COVID-19 threat. On March 27, the airline had also introduced compulsory leave without pay for up to three days between April 1 and April 14 for the same set of senior employees.

'Monsoon will be normal this year'

Southwest monsoon will be normal this year, the India Meteorological Department (IMD) said on Wednesday in its forecast for the four-month rainfall season in the country. In an online briefing, IMD Director General, M Mohapatra said the Long Period Average (LPA) of monsoon will be 100 per cent which falls in the "normal" category. "Monsoon will be normal this year," he said.

Gujarat CM Rupani goes into isolation

Gujarat Chief Minister, Vijay Rupani has decided to run the state administration without meeting anyone for the next one week after a Congress MLA whom he met tested positive for Coronavirus. Rupani's health is fine and he will run the state administration through technological facilities like video-conference, video-calling and tele-calling, Chief Minister's Office (CMO) secretary, Ashwani Kumar said on Wednesday. "No visitor will be allowed at the chief minister's residence for the next one week," Kumar said.

Doctors attacked in Moradabad

Stones were pelted at an ambulance carrying a team of medical personnel and police, which had gone to escort family members of a person who died of COVID-19 in UP's Moradabad, to a quarantine facility. "When our team boarded the ambulance a crowd started pelting stones. Some doctors are still there. We are injured," said the ambulance driver.

'Farmers will be paid in 3 days'

Union Minister of State for Agriculture and Farmers Welfare, Kailash Chaudhary said the farmers will be paid within three days of their crops purchased by the government. He has also asked the states to make arrangements for procurement. The government procurement of wheat in many states, including MP and Punjab, has started from Wednesday. Haryana has announced to start purchasing mustard first and then wheat from April 20.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Academics and industry unite to improve dementia patients' lives

An EU-funded project has linked scientists with experts in industry to forge partnerships aimed at creating new products to improve the lives of people with dementia. The research is creating tools to help remind people with dementia to undertake the tasks critical to their daily lives.




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3 musicians to wear jeans and tees at Hindustani classical music concert


Ojas Adhiya, Nandini Shankar and Abhishek Borkar are poised to strike a chord with young urban listeners in Mumbai

For most youngsters, unfamiliar with Hindustani classical music, 'serious', 'formal' and 'boring' are popular adjectives used to define the genre. For as long as we can remember, Hindustani classical, that has given the world several legends, has been performed in sprawling auditoriums — there's not just discipline in the music, but in the attire and in environment as a whole. How would it be then, to see classical being performed in casuals? Turns out, that's not an outrageous thought anymore. First Edition Arts, a Mumbai-based performing arts company is poised to topple status quo with the sole aim of gathering more young, urban listeners. Under a musical series called Come Together, three young Hindustani classical musicians, will slip into casuals and perform for an audience gathered at Cafe Zoe. Starting June 10, this will be a regular series, one in every quarter. While the setting is all-new, the music won't take the fusion route. The first series will feature Abhishek Borkar on the sarod, Nandini Shankar on the violin and Ojas Adhiya on the tabla. The trio will present an instrumental concert in both solo and duet sets.

Catch them young
"When younger musicians try to strike a rapport with young listeners they take the fusion route. We are saying, you don't have to. This music is so exciting on its own, that the young can be hooked," says Devina Dutt, director, First Edition Arts. Six months ago, they had organised something similar at antiSOCIAL at Khar as an experiment, and they were sold out. "We weren't sure of what to expect. But it was a success." That gave them the impetus to take the idea on a larger scale. "The first two sets will be the sarod and tabla. In the third set, Abhishek will invite Nandini to jam with them on stage. The concert will span a little over an hour — not the standard two-and-a-half-hour performance. Young people haven't even heard classical music and they have discarded it. All we are trying to do, is give them a sense of how exciting and rigorous it is. But, in a short dose," Dutt says.


Abhishek Borkar

The protocols will be relaxed too. The bar will be open before and after the concert, and for 20 minutes during the interval. Food and drink services will be terminated during the performance, but, once served, guests can continue with their meal at their tables. "There was no sense in locating it in a space like this and sticking to the rigidity. But, at the same time the character of the music does require attention, it's not the kind that you can hear in the background," she adds.

Break the rules
Ever since the posters of the concert went out, a lot of Shankar's friends and followers on social media have shown interest. The posters, with their vibrant colours and friendly fonts, could well be mistaken for one for a standup gig. "Any new genre is an acquired taste. Over the last couple of years, I have noticed an increase in my young audience. Young listeners are always looking for something new and because most of them have not heard classical music, it is novel to them. If they are exposed to it, they will enjoy it," says the eighth generation violinist. The set-up, she believes, needs to change because "it is important that it appeals to you at first go. That's why the colourful posters. We need to speak the language they understand," adds the 25-year-old. After the concert, the audience can interact with the artists as well. "The milieu becomes more relatable, it's like hanging out with friends. That becomes easier when the age groups are similar. We want to connect on a personal level. In fact, that's the bit I am really looking forward to," adds Shankar.


Nandini Shankar

Tabla ace Adhiya would love to do a Q & A with the audience as well. "That way we can reach out to them and explain what classical music is all about. If they know a few things, they can enjoy it more. And it will all be done in an informal manner," says the 30-year-old who made it to the Limca Book of World Records as the youngest tabla player at the age of 4. Borkar points out that traditionally, Hindustani classical has always been somewhat "intimidating".

"It can appear too proper, rigid and posh, with its sherwanis and bandhgalas. Sometimes I feel even the artists themselves enjoy this air of exclusivity that further distances them from the audience," says the 25-year-old sarod player, adding that he was thrilled about the prospect of performing in casuals. "That's what I wear when I practice or record in a studio. So, why not at a concert? We are even thinking of getting some people to sit on stage if possible," he adds.

Distraction not a concern
The trio believes that the music will be enough to keep people from getting distracted. "It's a new thing for them too, to experience this kind of music in the given setup. And if someone is quietly eating and drinking at their table, that should not bother me. In the olden days, there would be baithaks in people's homes, where classical concerts would be performed. It's the same concept," Adhiya says. Spontaneity will be the key on D-day; the artists will reach the venue, gauge the crowd and accordingly choose the raagas. Borkar says, "I love getting people interested in an instrument they have not seen or heard before. The idea is that if they don't come to our concerts, why don't we go where they hang out? And just because it's unusual that doesn't mean it's wrong."

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates





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Indian Indices Trade Higher; Reliance Industries & ICICI Bank Top Gainers

Posted by Equitymaster
      

Share markets in India are presently trading on a positive note. Benchmark indices advanced today tracking firm global cues.

Further, talks of an economic stimulus for small businesses battered by the coronavirus outbreak improved sentiment.

Reportedly, the government may unveil fiscal stimulus amounting to 0.3% of the country's gross domestic product, focusing on small and medium sized businesses, real estate firms and banks.

The BSE Sensex is trading up by 524 points while the NSE Nifty is trading up by 146 points.

The BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% and 0.7%, respectively.

Sectoral indices are trading mixed with stocks in the energy sector and telecom sector witnessing buying interest, while power stocks are witnessing selling pressure.

The rupee is currently trading at 75.44 against the US$.

Gold prices are currently trading down by 0.1% at Rs 46,134.

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Speaking of the current stock market scenario, after a sharp rally in the past few weeks, the markets have turned volatile again.

You would be interested in knowing when the market will likely bottom out.

Vijay Bhambwani, editor of Weekly Cash Alerts, has the answer and he has recorded a video about it.

You can check the same here - This is When the Stock Market Will Bottom Out

Moving on, market participants are tracking Shree Cement share price, TCI Express share price, and SBI Cards and Payment Services share price as these companies are scheduled to announce their March quarter results (Q4FY20) later today.

You can read our recently released Q4FY20 results of other companies here: Ambuja Cement, IndusInd Bank, Axis Bank, Tech Mahindra, Reliance Industries, Marico, Kansai Nerolac, NIIT Technologies, Persistent Systems, SKF India.

In news from the banking sector, public sector banks (PSBs) sanctioned loans worth Rs 5.66 lakh crore for the March-April period to 41.81 lakh accounts, according to the finance ministry.

The borrowers represented the micro small and medium sized enterprises (MSMEs), retail, agriculture and corporate sectors.

Reportedly, PSB loans amounting to Rs 265 billion have been sanctioned in 2.37 lakh cases for MSMEs.

This is part of the PSB initiative to prioritise pre-approved emergency credit lines and enhanced working capital requirements to the sector.

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Meanwhile, PSBs sanctioned loans worth Rs 773.8 billion to non-banking financial companies (NBFCs) and housing finance companies (HFCs) between March 1 and May 4.

Including the Reserve Bank of India's (RBI) targeted long term repo operations (TLTRO) window, PSBs extended Rs 1.08 lakh crore of financing to ensure business stability and continuity.

The finance ministry said that the three-month loan moratorium facility announced by the RBI has been availed by 3.2 crore PSB accounts.

On Thursday, Finance Minister Nirmala Sitharaman said that the Indian economy is poised to recover from the recent crisis brought upon by the coronavirus pandemic with PSB sanctioning loans worth Rs 5.66 lakh crore in just two months.

Speaking of the banking sector, the low access to credit for micro small and medium enterprises (MSMEs) tells us there is a huge opportunity for lenders.

This is evident from the chart below:

India's Huge Lending Opportunity

Of the 60 million MSMEs in India, only 11% had access to credit from organised lenders. Most of them are self-financed or get credit from unorganised sources.

Here's what Tanushree Banerjee wrote about this in one of the editions of The 5 Minute WrapUp...

  • Self-financing limits the growth of these MSMEs. On the other hand, high interest rates from unorganised sources makes it difficult for them to earn profits.

    The Modi government is looking at various ways to correct this problem. Mudra loans, online loans facilities are being made available to MSMEs.

    Slowly but surely, lenders are sensing the huge opportunity that lies ahead for this sector.

    Banks and other financial firms with prudent lending practices and strong distribution networks will benefit from this megatrend.

Tanushree is counting on 7 top stocks from the Indian stock market that will benefit from this megatrend.

As per her, now is the right time to buy these stocks to profit from the Rebirth of India. You can read about them here.

Moving on to news from the FMCG sector, shares of Hindustan Unilever (HUL) rose 4% today after institutional investors bought stake in the company via open market on Thursday.

The NSE bulk deal data showed that foreign portfolio investor Societe Generale, a French multinational investment bank and financial services company, bought 129 million shares of HUL at an average price of Rs 1,902.

UK-based Glaxo-SmithKline (GSK) offloaded its stake in HUL via block deals, yesterday.

According to the term sheet, over 133 million shares were offered in the range of Rs 1,850-1,950 to investors through a special block window.

The deal is valued roughly between Rs 246 billion to Rs 259 billion.

Note that last week, HUL reported a 7% decline in volumes in Q4FY20. The company's profit before tax fell 10.6% to Rs 19.9 billion, while net profit declined 1.2% year-on-year (YoY) to Rs 15.2 billion.

HUL share price is presently trading up by 3%.

To know more about the company, you can HUL's latest result analysis on our website.

And to know what's moving the Indian stock markets today, check out the most recent share market updates here.



This article (Indian Indices Trade Higher; Reliance Industries & ICICI Bank Top Gainers) is authored by Equitymaster.

Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.




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Sensex gains 199 points, Nifty closes at 9,251; HUL, Reliance Industries top gainers

Stock specific action was seen in index heavyweight Reliance Industries gained 3.43% to Rs 1,558 on BSE after PE firm Vista Equity Partners said it would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.




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Asian Paints stock falls amid report Reliance Industries to sell 4.9% stake

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE




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Coronavirus crisis: Why television industry is bleeding despite record consumption

While marketing and promotional activity is not an immediate priority for advertisers struggling to re-build their own businesses, revenues will remain subdued through the middle of 2021




indus

Coronavirus crisis: How will Indian auto industry change post COVID-19 lockdown

With most auto-stocks down by nearly 40-70% since February 2020, the post-COVID-19 scenario might see consumers move away from all forms of shared mobility to more personal forms of transport




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Tax-News.com: India To Amend GST Rates On Oil, Gas Industry

India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry.




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Tax-News.com: France Announces Extra COVID-19 Tax Support For Hit Industries

On April 24, 2020, the French Government announced that it has decided to extend tax and other financial support to companies in sectors most affected by the COVID-19 lockdown measures, including catering, tourism, events, sports, and cultural activities.




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Press Release: New Knowledge Platform on the Indus Basin

The Indus Basin Knowledge Platform (IBKP), which seeks to improve access to information and supports decision making on critical basin challenges, is launched at World Water Week 2016.




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Kabul hosts Afghanistan’s first-ever National Media dialogue on the Indus basin

The dialogue brought together over 50 participants from the government, media and research community across different provinces of Afghanistan.





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Forbes: Why Connected Worker Technologies Are Now A Business Priority For Industrial Companies

The decline in natural resources is very real. The International Water Management Institute estimates that nearly every country south of the 35th parallel will experience economic or physical water scarcity by 2025.




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Informing Change in the Indus Basin (ICIB)

Opportunities for journalists to report on the most pressing environmental and development problems in the Indus Basin.




indus

Forbes: Why Connected Worker Technologies Are Now A Business Priority For Industrial Companies

The decline in natural resources is very real. The International Water Management Institute estimates that nearly every country south of the 35th parallel will experience economic or physical water scarcity by 2025.




indus

Ester Industries Limited - Updates

Ester Industries Limited has informed the Exchange regarding 'Resumption of manufacturing operations of Engineering Plastic Segment'.......




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Mohit Industries Limited - Updates

Mohit Industries Limited has informed the Exchange regarding 'Certificate in the matter of Regulation 74(5) of Securities and Exchange Board of india (Depositories and participants) Regulations, 2018 for the Quarter and......