Market gains 2% in a week on continuous FII support, progress on COVID vaccine
In the month of December 2020, FIIs bought equities worth Rs 48,223.94 crore and DIIs sold equities worth of Rs 37,293.53 crore. January 02, 2021 / 11:24 AM IST Benchmark indices ended the last week of the year 2020 with a gain of 2 percent on the back of positive cues including sustained FII inflows, progress on Covid vaccine, better GST collection, December auto sales numbers and a consistent declining Covid cases. Last week, BSE Sensex jumped 895.44 points or 1.90 percent to end at 47,868.98 and while the Nifty50 was up 269.25 points or 1.95 percent to finish at 14,018.50 levels. IN the year 2020, the Sensex rose 15.7 percent, while Nifty added 14.9 percent.
How Can Jewellery Brands Minimise Human Rights Risks in Their Supply Chains?
In 2017, the Human Rights Watch began investigating well-known jewellery brands to ascertain what was being done to avoid contributing to abuses in their sourcing of gold and diamonds.
Across the world, gold and diamond mining constitute risky operations, and often adversely impact the environment. Photo: Twitter/TanishqJewelry
Rights22/Dec/2020
Indian-based jeweller Tanishq recently found itself in the middle of a storm after it released an advertisement depicting a Muslim family throwing a baby shower for their Hindu daughter-in-law. While many welcomed its efforts to promote communal harmony, the company was attacked for promoting interfaith marriages and faced boycott threats. The companyâs decision to withdraw the advertisement amid threats of violence also drew criticism from those who had previously praised it.
CRISIL updates on ratings of Tribhovandas Bhimji Zaveri Limited
Posted On: 2020-12-15 01:29:53 (Time Zone: Arizona, USA)
CRISIL has reviewed ratings on the bank facilities of Rs. 625 Crores and has withdrawn its ratings on bank facilities of Rs. 110 Crores of Tribhovandas Bhimji Zaveri Limited. This is based on the advice received by them from the Company. The Company has decided to reduce its bank facilities by Rs 110 crores, from Rs 735 crores to Rs 625 crores and has advised CRISIL about this reduction.
- Total Bank Loan Facilities Rated - Rs. 625 Crores
- Long-Term Rating CRISIL BBB+ / Stable (Reaffirmed)
- Total Bank Loan Facilities Rated - Rs. 110 Crores