Demand trajectory, valuations weigh on Page Ind despite stellar Q3 show business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
By Ott Ummelas and Lars Erik Taraldsen
(Bloomberg) – Norway’s $1.3trn wealth fund blacklisted 15 companies last year, including Glencore, as part of a strategy by the world’s biggest sovereign investor to fight unethical conduct at some of the most powerful corporations.
Other companies added to the Oslo-based fund’s exclusion list in 2020 were RWE AG, Canadian Natural Resources Limited and Anglo American, the investing behemoth said in a report.
“We divest from companies where we no longer wish to be a shareholder for ethical or sustainability reasons,” the fund said. “By not investing in these companies, we reduce our exposure to unacceptable risks.”
Sweatpants may help last bull market poster boy Page Industries catch up with past glory
SECTIONS
Share
Synopsis
Athletic wear, which was earlier limited to niche customers like gym users, has now become the go-to option for individuals locked up at homes due to Covid-19 and remote working.
ET Prime
Page Industries depends on selling Jockey’s men innerwear for more than a decade to drive growth.
Related
NSE
Explore Now
MUMBAI: For the 29-year-old Kaveri Chatterjee (name changed), the space occupied by track suits and sweat pants in the wardrobe of her New Delhi apartment has grown substantially since the lockdown that India had announced in late March to contain the Covid-19 pandemic.
Indiantelevision.com's The Ad Linx Reporter dated 24 February 2021 - Global and Indian advertising news, information and data at your fingertips indiantelevision.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiantelevision.com Daily Mail and Mail on Sunday newspapers.
Here are the top stocks that are likely to be in focus today:
Reliance Industries: The company, in a late night filing, said that it has begun the process of carving out the O2C business into an independent subsidiary. The process for seeking approvals is likely to be completed by Q2FY22. The reorganisation of the O2C business will result in no change in the company s shareholding.
Jindal Power: The firm announced the appointment of former bureaucrat Anil Kumar Jha as its Chairman. A veteran of the mining industry, Jha is former chairman of Coal India Limited, JPL said in a statement.