Tata Consumer Products to enter Nifty 50 index from 31 March; GAIL will be excluded
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Tata Consumer Products is a multinational consumer goods company and a subsidiary of the Tata Group
Seven stocks including Bank of Baroda, Container Corporation of India (Concor), General Insurance Corporation of India, Hindustan Zinc will be excluded from the Nifty Next 50 index
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Tata Consumer Products will be included in the benchmark Nifty50 index, with effect from 31 March, 2021, the National Stock Exchange (NSE) said. Tata Consumer Products is a multinational consumer goods company and a subsidiary of the Tata Group. It reported a 25.26% rise in consolidated net profit to ₹237.03 crore for the third quarter ended December 2020, on the back of higher sales in branded business. GAIL (India) Ltd will be excluded from the Nifty50 index.
The segment added 31.5 lakh new subscribers.
20 Feb, 2021 - 08:16 AM IST | By Gargi Sarkar
KOLKATA: As the Telecom Subscription Data by the Telecom Regulatory Authority of India (TRAI) indicates, the wired broadband segment has seen adequate growth in 2020 by adding 31.5 lakh new subscribers to reach an overall 22.29 million subscribers in December 2020. In the last few months, the growth trajectory has been upwards in this segment, thanks to higher online content consumption, e-learning, and work from home. Hence, it has resulted in around 16 per cent yearly growth in subscribers.
Reliance Jio has been the top gainer, adding 1.21 million (12.1) lakh subscribers in the year. It is now a close second to Bharti Airtel, the top home broadband service provider among private players. Airtel has also witnessed a steady growth in its subscription base over the past 12 months by gaining 0.39 million (3.9 lakh) subscribers.
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Upgrad appoints ex-Disney chief Zubin Gandevia as CEO
He was a key person behind the merger of Fox with Star, and also the acquisition of ESPN Star Sports.
Online upskilling platform Upgrad on Tuesday announced the appointed ex-Disney head Zubin Gandevia as chief executive for the forthcoming unit. Gandevia is an entertainment industry leader, and most recently he was the president for Asia Pacific and the Middle East at Fox Networks Group Asia. In this role, he led Fox to become Asia s number one Pay TV network, bringing leading media brands to consumers in over 30 countries. He was a key person behind the merger of Fox with Star, and also the acquisition of ESPN Star Sports. Gandevia joined Fox from Star TV Network, where he created and scaled the National Geographic Channel. He is also a co-founder of United Cable Network (which is now known as Hathway Cable & Datacom Ltd).
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