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Hitting back at former Finance Minister P. Chidambaram over his remarks on mismanagement of economy, Minister of State for Finance Anurag Thakur said the Indian economy is resilient, and will rebound based on reforms that have ensured strong fundamentals. Thakur said reforms undertaken by the government, and strong fundamentals have ensured India is witnessing a “swift” rebound from a contraction of 24.4 per cent in April-June 2020 to a growth of 1.6 per cent in the January-March 2021. Former Finance Minister Chidambaram on Tuesday had said, 2020-21 has been the darkest year in four decades considering the performance of the economy in the last four quarters, and the government must admit its errors of commission and omission, reverse its policies and heed the advice of economists and the opposition. His remarks came after the government released data pointing out that India’s GDP contracted 7.3 per cent in the pandemic-hit FY21. ....
As volatility grips D-Street, investors rush back to quality stocks Before the lockdown last year, the quality index had outperformed the Nifty 50 by 9% between mid-January and March end, a highly volatile period for equities. Synopsis The Nifty 200 Quality 30 index, which reflects the performance of stocks based on quality score, outperformed the Nifty 50 index by 3.3% over the past month, according to the NSE data. ET Intelligence Group: Investors are once again favouring stocks with strong fundamentals following rising market volatility as the second wave of the pandemic affects life in several parts of the country. The Nifty 200 Quality 30 index, which reflects the performance of stocks based on quality score, outperformed the Nifty 50 index by 3.3% over the past month, according to the NSE data. Earlier over the past year, the quality stocks had ....
and enhance its mission to pioneer well-being and improve quality of life through cannabinoids Beau Wrigley remaining as Chairman and CEO and Ceres Group Holdings Scooter Braun to serve as a Special Advisor Transaction values Parallel at an implied enterprise value of US$1.884 billion 1 combined public company expected to have US$430 million cash balance at closing Ceres Acquisition Corp. s CEO Joe Crouthers to become a director of the combined public company, with an additional slate of 4 independent directors with significant health and life sciences experience Joint conference call to discuss the proposed transaction today at 9:00 a.m. ET ATLANTA and TORONTO, Feb. 22, 2021 /PRNewswire/ Parallel (the Company ), one of the largest privately-held multi-state cannabis operators in the United States (U.S.) and Ceres Acquisition Corp. ( Ceres ) (NEO: CERE.U, CERE.WT;OTCQX: CERAF), a special purpose acquisition corporation (SPAC), today announced they ....