Read more about Venezuelan oil, masked as Malaysian, rushes into China before fuel tax on Business Standard. China has over the past 12 months bought an estimated $3.5 billion worth of Venezuelan oil relabelled as Malaysian fuel
The US stocks market finished session lower on Thursday, 03 June 2021, weighed down by profit booking amid renewed concerns about the Federal Reserve potentially shifting monetary policy after raft of upbeat data indicated a strong economic rebound is underway.
At the close of trade, the Dow Jones Industrial Average index fell 23.34 points, or 0.07%, to 34,577. The S&P 500 index dropped 15.27 points, or 0.36%, at 4,193. The tech-heavy Nasdaq Composite Index declined 141.82 points, or 1.03%, to 13,615.
Total 6 out of 11 S&P 500 sectors closed down, with consumer discretionary (down 1.22%) was worst performer, followed by information technology (down 0.91%), communication services (down 0.73%), industrials (down 0.29%), and real estate (down 0.2%) sectors. Utilities (up 0.52%) sector was top gainer, followed by and consumer staples (up 0.51%), healthcare (up 0.4%), and energy (up 0.31%) sectors.
Read more about Australia Market ends at all-time high on Business Standard. However, market gains capped amid lockdown fears after a fresh spike in COVID-19 infections in Australia s second-most populous state Victoria, where authorities have detected the highly infectious Delta COVID-19 virus variant.
ITC s standalone net profit declined 1.3% to Rs 3,748.41 crore on 22.7% jump in net sales to Rs 13,161.11 crore in Q4 FY21 over Q4 FY20.Profit before tax increased 7.6% to Rs 4,853.90 crore in Q4 FY21 compared with Rs 4,511 crore in Q4 FY20. EBITDA grew 7.4% year on year to Rs 4,473 crore in Q4 FY21 over Q4 FY20. The company said strong sequential recovery momentum continued.
Total FMCG segment revenue rose 14.8% to Rs 9547 crore during Q4 FY21 over Q4 FY20. In the FMCG segment, cigarettes revenue increased 14.2% YoY to Rs 5860 crore while the revenue from other FMCG segment fell 15.8% YoY to Rs 3688 crore in Q4 FY21 over Q4 FY20.
Read more about Puducherry coronavirus update: Daily Covid count below 1,000 for fourth day on Business Standard. Puducherry continued to record less than 1,000 daily cases for a fourth consecutive day, with 979 fresh additions on Tuesday, taking the overall tally to 105,000