Weekly News by Wealth Vault | 20 April 2024 | Finance & Market NEWS

Weekly News by Wealth Vault

👉 FMCG Update
Bournvita is not a 'health drink': The Centre directs e-commerce platforms to remove beverage from the category. NCPCR found that Bournvita contains sugar levels much above the acceptable limits

👉Economy Update
IMF raises India's growth projection to 6.8 pc; growth in China is likely to slow to 4.6 pcGrowth in emerging and developing Asia is expected to fall.

👉Stock Update
VI to launch 5G in 6-9 months post Rs 18,000 crore FPO as it looks to catch up with Jio, AirtelThis will be largest follow-on share sale by a corporate on Indian stock exchanges

👉FMCG Update
Nestle India shares plunge over sugar content row; FSSAI launches inquiryNestle India said it has reduced added sugars by up to 30% over the past five years

👉Musk Visit Update
Elon Musk postpones India trip; says visit moved to 'later this year'Musk cited 'heavy Tesla obligations' as a reason

👉Market Update
Markets recovered sharply to close higher but still end down for the week amid FII selling. Sensex ended 599 points or 0.8 per cent higher at 73,088.33 level
Similarly, the Nifty 50 saw a swing of over 400 points through the day. It closed up 151 points or 0.7 per cent at 22,147 level.

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