Big News – GSK to sell HUL stocks for approx 19K crore rupees..
Globally Coronavirus cases have crossed 3.8 million with over 2.6 lakh deaths. In India, the figure of total infected people crossed 50 thousand mark yesterday.
GSK to sell 5.69% stake in HUL worth $3.2-3.4 billion
British drugmaker GlaxoSmithKline Pte and Horlicks Limited plan to sell 5.69 percent stake in Hindustan Unilever (HUL) via block deals at a price band Rs 1,850 – 1,950 per share. GSK is expected to sell the stake today. The deal will be valued roughly between $3.2-3.4 billion.
India to offer land double the size of Luxembourg to firms leaving China
India is developing a land pool of 4,61,589 hectares, nearly double the size of Luxembourg, to attract businesses moving out of China, according to reports. This reportedly includes 1,15,131 hectares of existing industrial land in states like Gujarat, Maharashtra, Tamil Nadu and Andhra Pradesh. The government has received inquiries from companies in Japan, US, South Korea and China, reports added. (Source – HT)
Indian sanitizer market has reached 43 crores up from 10 crore mark earlier last year. Neilsen study.
Govt working on a package of structural reforms for sunrise sectors says Niti Aayog CEO. This will help make India a global manufacturing and exporting hub. The sunrise sectors like healthcare, education, and mobility were listed as a high priority for growth and structural reforms.
The government may earn about Rs 1.6 lakh crore in additional revenue after it hiked excise duty on petrol and diesel. As stated yesterday, the government hiked excise duty on petrol and diesel.