Nestle India shares fall over 5% on reports of company adding sugar in infant products; Read to know more
Shares of Nestle India slumped more than 5% to an intra-day low. The fall in prices came after the company was found to be adding sugar to infant milk and cereal products across the country and other Asian countries as well as African countries.
Campaigners from Public Eye, a Swiss investigative organisation, sent samples of the Swiss multinational’s baby-food products sold in Asia, Africa, and Latin America to a Belgian laboratory for testing, according to a report by The Guardian. The sent samples were found to have sugar in the form of sucrose or honey in Nido, which is a follow-up milk formula brand intended for use for infants aged one and above. The sugar content was also found in Cerelac, a cereal aimed at children aged between six months and two years.
Surprisingly…
Petrol costliest in Andhra Pradesh & Kerala; BJP-ruled MP, Bihar close behind
Petrol and diesel prices are the costliest in the country in Andhra Pradesh, Telangana and Kerala while it is cheapest in smaller states and UTs like Andaman & Nicobar Islands, Delhi and those in the North East, mainly due to differential in local sales tax or VAT rates, oil industry data showed.
The three state-owned fuel retailers – Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) – last week cut petrol and diesel prices by Rs 2 a litre each, ending a nearly two-year hiatus in price revision.
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That reduction brought relief to fuel users but rates continue to be above Rs 100 a litre mark in some states due…
Sebi issues new AIF norms on dissolution, asset distribution
To streamline the liquidation processes of AIF schemes, the Securities and Exchange Board of India (Sebi) on Tuesday issued new guidelines for Alternative Investment Funds (AIFs) availing dissolution, seeking additional liquidation periods, and handling in-specie distribution of assets.
Schemes approaching dissolution must now file an information memorandum requiring a list of specified details with Sebi before the end of their liquidation or extended liquidation period. This must include a due diligence certificate from a merchant banker in the specified format.
For schemes requiring an additional or fresh liquidation period, a request must be submitted to Sebi with the necessary details. For in-specie distribution of investments, Sebi has mandated that un…
Share Market Highlights- Markets ends lower! Nifty below 21,650, Sensex near 71,100; PSU Bank and Media index falls over 5%
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Monday’s trading session in the negative territory. The NSE Nifty 50 dropped 166.45 points or 0.76% to settle at 21,616.05, while the BSE Sensex plunged 523 points or 0.73% to 71,072.49. The broader indices ended in negative territory, with falls led by Small-cap and Mid-cap stocks. Bank Nifty index ended lower by 752.30 points or 1.65% to settle at 44,882.25. IT and Pharma stocks gained among the other sectoral indices while PSU Banks and Media stocks shed over 5%.
Spider-Man- No Way Home Ending And Post-Credits Scenes Explained
The MCU has had a banner 2021 with more releases across more platforms and mediums than ever before and it’s all coming to a head with Spider-Man: No Way Home, the third movie in the Spider-Man arm of the Sony/Marvel partnership and, arguably, the most highly anticipated Marvel movie of Phase 4 thus far. And for good reason–with the multiverse confirmed and the participation of vintage Spider-Man villains like Willem Dafoe’s Green Goblin as a result, the buzz around the movie has been astronomical.
So, what actually happens when Peter Parker comes face-to-face with the bad guys of old franchises? We’ll break it down. Naturally, tons of spoilers from here on out so tread with caution.
When Peter accidentally messed up D…
Overwatch 2 Competitive Matchmaking Is A Mess Right Now
While the launch of Overwatch 2 was far from perfect, there’s no denying the highly-anticipated follow-up successfully revitalized the multiplayer shooter for many players, myself included. With the release of Overwatch 2, Blizzard introduced a ton of changes to the competitive mode in an attempt to reduce toxicity in the community, and for the first season, it felt like the changes worked without causing too many problems. However, Season 2 of Overwatch 2 has shown cracks in the new systems, resulting in messy and lopsided matches.Come from Sports betting site VPbet
The current state of Overwatch 2 competitive
The main issue with Overwatch 2 competitive matchmaking is that players are consistently…
Crown Resorts Limited agrees deal to settle class-action lawsuit
Australian casino operator Crown Resorts Limited has reportedly agreed to pay slightly over $93.8 million in order to settle a class-action lawsuit brought by a group of its disgruntled shareholders.
According to a report from GGRAsia, the legal action was filed near the end of 2017 by investors who claimed that the Melbourne-headquartered firm had failed to inform them of its controversial marketing activities in China. The source detailed that this followed the previous year’s arrest in Shanghai of people employed by the casino company on charges that they had been illicitly enticing mainland citizens into gambling in Australia and Macau.
Decided depreciation:
The federal lawsuit was reportedly filed by local law firm Maurice Blackburn Lawyers o…
Arkansas Racing Commission Extends Application Period for Fourth and Final Casino License
The Arkansas Racing Commission has taken a significant step in the state’s gaming landscape by voting to extend the application period for the final casino license in Pope County.
The long journey towards the Pope County license:
During Monday’s meeting, commissioners announced the commencement of a 30-day application period, inviting submissions for the coveted Pope County casino license. Applicants are required to submit both digital and paper copies of their proposals by June 11, with the commission office opening on May 13 to accept applications. To fulfill regulatory requirements, the commission will convene on June 12 to formally close the applicati…
Potawatomi Casino Hotel Car Thefts Continue, Victim Advises Guests to Be Careful
The Potawatomi Casino Hotel in Milwaukee, Wisconsin, has a serious problem with car thefts. According to reports, a total of 11 cars have been stolen since September 24.
FOX6 News spoke with one of the victims, Mike Sheridan, whose rented car was stolen from the parking garage on October 4. Sheridan was visiting the casino resort, unaware that he was about to get in trouble.
The man told the news outlet that he also lost all the valuables he had in the car, which included a $700 camera and a pair of earbuds. He regretted leaving these items unattended and slammed the police and casino hotel for not warning him of the thefts.
The car th…
NBA Bans Jontay Porter for Life Over Confidential Information Breach Allegations
Following the alleged disclosure of confidential information and involvement in betting on NBA games, Toronto Raptors player Jontay Porter was banned for life from the NBA League on 17 April 2024. As reported by Associated Press (AP), the ban imposed by Commissioner Adam Silver follows the League’s investigation of the unusual circumstances surrounding the recent game against Sacramento, simultaneously featuring the player’s unexpected performance and the respective $1.1 million payout claim from a bettor.
Banned for Life:
Any involvement in sports betting on the NBA games is strictly prohibited for NBA players. Last season, the League punished several infringements with temporary suspensions. However, Jontay Porter’s alleged viola…