Dow Jones | Business Upturn

Godrej Consumer Products ranked world’s top sustainable FMCG company with 89/100 score

Business Desk — Thu, 12 Mar 2026 04:46:42 +0000

Godrej Consumer Products Limited (GCPL) has achieved the top position globally in the FMCG category on the Dow Jones Best-in-Class Sustainability Index 2025, scoring 89 out of 100 in the Personal Products category.

The company was evaluated among more than 3,500 global companies in S&P Global’s Corporate Sustainability Assessment, reflecting its strong performance in environmental, social, and governance (ESG) criteria. This marks the first time GCPL has secured the top spot on this prestigious benchmark.

In addition to this achievement, GCPL has been recognised for its decade-long participation in the Corporate Sustainability Assessment, underscoring its commitment to transparency and continuous improvement in sustainability practices. Sudhir Sitapati, Managing Director & CEO of GCPL, expressed pride in the milestone, highlighting the company’s dedication to integrating sustainability into its core business strategies.

Pakzan Dastoor, Head of Sustainability & CSR at Godrej Industries Group, emphasised the importance of consistent and disciplined efforts in embedding sustainability into the company’s operations. The recognition from S&P Global further reinforces GCPL’s commitment to sustainable practices as integral to its growth and operational strategies.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

US markets plunge on economic fears, Futures signal potential rebound

News Desk — Tue, 06 Aug 2024 03:00:29 +0000

US stocks suffered a sharp downturn on August 5, 2024, as economic concerns rattled investors, but futures markets hinted at a possible recovery. The day’s trading was marked by Yen/USD volatility, growing recession fears, and unexpected unemployment data.

Major indices recorded significant losses:

Index	Closing Value	Change	Percentage Change
Dow Jones	38,710.39	-1,026.87	-2.58%
Nasdaq	16,208.38	-567.78	-3.38%
S&P 500	5,190.51	-156.05	-2.92%

The Yen’s fluctuation against the US dollar raised concerns about global trade imbalances, while recent economic indicators fueled speculation of a potential US recession. An unexpected rise in jobless claims further dampened market sentiment, reflecting growing unease about the economic outlook. Investors appeared particularly worried about the combination of currency volatility and labor market weakness.

However, after-hours trading painted a more optimistic picture:

Index Futures	Value	Change	Percentage Change
S&P Futures	5,287.25	+69.75	+1.34%
Dow Futures	39,162.00	+314.00	+0.81%
Nasdaq Futures	18,346.75	+333.50	+1.85%

Despite this potential turnaround, market analysts urge caution. While futures indicate a possible bounce-back, the underlying economic concerns remain significant. Analysts will be watching closely for further developments in the coming days.

Investors are advised to stay alert to upcoming economic indicators and corporate earnings reports, which could provide clearer direction for market trends. The interplay between currency markets, recession fears, and employment data will likely continue to influence market sentiment in the near term.

Dow Jones falls over 500 points, S&P falls 1.5% on higher than expected inflation print

Aditya Bhagchandani — Tue, 13 Feb 2024 15:23:57 +0000

US stock markets witnessed sharp cuts following the release of inflation data for January, which came in higher than market expectations. The hotter-than-expected figures caused Treasury yields to spike, leading to concerns about the Federal Reserve’s ability to implement multiple rate cuts throughout the year, a crucial factor supporting the bullish outlook for equities.

The Dow Jones Industrial Average witnessed a decline of 538 points, equivalent to 1.4%. Similarly, the S&P 500 dropped by 1.51%, while the Nasdaq Composite fell by 1.90% in early trading.

The consumer price index (CPI) for January registered a 0.3% increase from December. On an annual basis, CPI rose by 3.1%.

Excluding food and energy prices, the core CPI accelerated 0.4% in January and was up 3.9% from a year ago, unchanged from December. The forecast had been for 0.3% and 3.7%, respectively.

Wall Street indices drop after employment data release, Nasdaq falls by 1.2% with unemployment rising to 3.5%

News Desk — Mon, 10 Apr 2023 18:00:48 +0000

On Monday, US stock indices dropped due to rising concerns that the Federal Reserve, which is the central bank of the United States, would continue to hike interest rates. This comes after employment data released on Friday indicated that the labor market is holding up quite well. After the long weekend, the tech-heavy Nasdaq led the way for major indexes to close in the red, with growth companies such as Apple Inc. and Microsoft Corp. falling between 1.7% and 2.1%.

According to statistics released on Friday, employers in the United States kept up a robust hiring pace during the month of March. This drove the unemployment rate further lower, to 3.5%, and increased the likelihood that the Federal Reserve would raise interest rates once again the following month.

“Investors are still very optimistic that the (rate) increases will come to an end,” said Rick Meckler, partner at Cherry Lane Investments. “However, the data, which the Fed is so depen dent on, seems to leave room for at least a 25-basis point increase on more time,” he added. “The Fed is so dependent on the data that it seems to leave room for at least a 25-basis point increase on more time.”

Notwithstanding this, the probability of the Federal Reserve increasing interest rates by 25 basis points in May has increased to more than 65 percent as a consequence of the employment data that was released on Friday. The data on consumer and producer prices in the United States, the minutes from the Federal Reserve’s meeting in March, and the quarterly results from large banks in the United States such as JPMorgan Chase & Co., Citigroup Inc., and Wells Fargo & Co. will be the main topics of discussion this coming week.

According to estimates provided by Refinitiv, industry analysts anticipate that the earnings of S&P 500 businesses will decrease by 5.2% in the first quarter. This marks a significant turnaround from the 1.4% rise that was anticipated at the beginning of the year. At 9:41 a.m. Eastern Standard Time, the Dow Jones Industrial Average was trading lower by 84.51 points, or 0.25%, at 33,400.78, the S&P 500 was trading lower by 28.40 points, or 0.69%, at 4.076.62, and the Nasdaq Composite was trading lower by 146.94 points, or 1.2%, at 11,941.02; all three indices were down from their previous closing prices.

Consumer discretionary, technology, and communication services all saw losses of more than one percent as their respective indexes were among the eight main S&P sectors that were trading down. The electric car manufacturer Tesla slashed pricing in the United States by between 2% and almost 6%, a move that experts said might impact profitability. As a result, Tesla’s share price dropped by 4.2%.

NSE Cogencis to have premium Dow Jones global news to its WorkStation users

Markets Desk — Mon, 03 Apr 2023 05:56:08 +0000

NSE Cogencis today announced an expanded partnership with Dow Jones to offer premium news through Cogencis WorkStation, its real-time market data terminals.

Cogencis Terminal users will benefit from the addition of real-time streaming news from Dow Jones Institutional News Service, which includes content from Dow Jones’s global newsroom to provide an instant snapshot of markets throughout the trading day.

Under the bolstered agreement, users will have access to premium news, data and analysis from Dow Jones’s trusted brands: The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily. This complements Dow Jones Newswires’ real-time news offerings with additional coverage that includes stock news, market commentary and insights, and popular columns.

“As the Indian financial markets continue to develop and integrate with global financial systems, having real-time insights on global events is more critical than ever for Cogencis WorkStation users” said Aniruddha Chatterjee, MD & CEO, Cogencis. “Integrating Dow Jones Institutional News Service will provide Cogencis users with an edge, helping them keep up with global news and insights from trusted brands like Dow Jones and The Wall Street Journal without ever leaving the terminals.”

“As a long-time partner with Cogencis, we are excited to expand access to our premium content and data to all Cogencis Terminal users,” said William Ashworth, General Manager, Corporate Partnerships at Dow Jones. “This agreement significantly extends the reach of Dow Jones’s trusted journalism and data to the Indian and South Asian financial community, helping them uncover market opportunities and inform their investment decisions.”

Adani Ports has ranked 14 in the Dow Jones Sustainability Emergency Markets Index

Chittesh Dalmia — Mon, 23 Nov 2020 05:32:19 +0000

Adani Ports and Special Economic Zone (APSEZ) has been ranked at number 14 in the Dow Jones Sustainability Emerging Markets Index. The Index comprises of highly competitive global transportation and transportation infrastructure companies that represents the top 10% of the largest 800 companies within the world’s 20 emerging markets, based on long-term Environment, Social and Economic, and Governance criteria.

The Ahmedabad based conglomerate stated in its BSE regulatory filing, “As part of a stringent DJSI rating process all responses by APSEZ were substantiated with internal documentation and real-life examples and audited by an independent third party to verify the accuracy of the information provided. APSEZ was ranked in the top 20 of every single dimension of the three criteria. In all, just 11 Indian companies made it to the DJSI Emerging Markets Index this year.”

Mr. Karan Adani, Chief Executive Officer, APSEZ commented “We are pleased to make an entry into the DJSI Index. As the largest multi-port operator and logistics player in one of the fastest growing markets in the world we recognize the complexity that we are confronted with and therefore being able to achieve this high ranking on our debut into the DJSI Index comes as a shot in the arm for us as well as validates our accountability to our investors, customers, and employees. While our Environment, Social and Economic, and Governance criteria scores are a strong validation that we are on the right path, we really see this as just one point along a more ambitious journey we have embarked on to demonstrate our absolute commitment to benchmarking our sustainability practices -not just to an emerging market index – but to global indexes, as we move towards becoming the only carbon neutral port by the year 2025”.

Global Markets: S&P 500, Dow crash; US jobless claim falls below 1 Million

Ruchit Purohit — Fri, 14 Aug 2020 02:40:55 +0000

The US markets fell sharply on Thursday night, S&P after testing record highs slipped back flat and Dow crashed 80 points.

The S&P 500 ended slightly lower on Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from Cisco Systems Inc.

The Dow Jones Industrial Average fell 80.12 points, or 0.29 percent, to 27,896.72, the S&P 500 lost 6.9 points, or 0.20 percent, to 3,373.45 and the Nasdaq Composite added 29.27 points, or 0.27 percent, to 11,041.51.

Trends on SGX Nifty indicate a negative opening for the index in India with a 19 point loss. The Nifty futures were trading at 11,315 on the Singaporean Exchange around 07:30 hours IST.

Japan’s Nikkei 225 futures were up 0.06 percent after the Nikkei 225 index closed 1.78 percent higher at 23,249.61 on Thursday. Hong Kong’s Hang Seng index futures were down 0.13 percent.

(Inputs from Moneycontrol)

Global Markets: US Markets added gains – highest figures since February

Ruchit Purohit — Thu, 13 Aug 2020 02:49:20 +0000

The US markets on Wednesday closed with adding highest figures since February as the investors continue betting on more stimulus despite of doubts. Gold prices whipsawed and silver on Wednesday saw claw back.

The Dow Jones Industrial Average rose 289.93 points, or 1.05%, to 27,976.84, the S&P 500 gained 46.66 points, or 1.40%, to 3,380.35 and the Nasdaq Composite added 229.42 points, or 2.13%, to 11,012.24.

The S&P ended within 6 points of its closing record high of 3,386.15. The index slipped on Tuesday after seven straight days of gains.

SGX Nifty was trading higher indicating a positive opening for the Indian indices. The Nifty futures were trading at 11,328 on the Singaporean Exchange around 07:30 hours IST.

Asian stocks were set for broad gains on Thursday after Wall Street’s S&P 500 index briefly touched record highs, as investors appeared to shrug off worries about stalled U.S. stimulus talks and a shaky economic recovery.(Moneycontrol)

Global Markets: S&P at lifetime high; Nasdaq slips red

Ruchit Purohit — Tue, 11 Aug 2020 02:46:26 +0000

US Markets

The S&P 500 ended up slightly and the Nasdaq fell on Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting news on progress in a US fiscal support bill.The Dow Jones Industrial Average rose 359.4 points, or 1.31%, to 27,792.88, the S&P 500 gained 9.33 points, or 0.28%, to 3,360.61 and the Nasdaq Composite dropped 42.63 points, or 0.39%, to 10,968.36.

Asian Markets

Asian stocks were set for a cautious start on Tuesday, following a mixed Wall Street session and as investors eyed stalled US stimulus efforts and worsening strains between Washington and Beijing over Hong Kong.Australian S&P/ASX 200 futures fell 0.05% in early trading. Japan’s Nikkei 225 futures slipped 0.04%. Tokyo markets were closed for a public holiday on Monday. Hong Kong’s Hang Seng index futures rose 0.43%.

SGX Nifty

Trends on SGX Nifty indicate a positive opening for the index in India with a 30 points gain. The Nifty futures were trading at 10,349 on the Singaporean Exchange around 07:30 hours IST

(moneycontrol)

Global Markets: Nasdaq ends above 11000, Creates history

Ruchit Purohit — Fri, 07 Aug 2020 03:04:09 +0000

Shares on Wall Street shrugged off a sluggish start and closed higher on Thursday, with the Nasdaq ending the session above 11,000 for the first time as investors hoped for a new fiscal stimulus package.

Asia shares were poised to open higher on Friday, tracking global equity markets’ overnight gains as investors awaited a U.S. nonfarm payrolls report. Hong Kong futures were up 0.23% and Nikkei futures were trading above the Nikkei 225 index’s previous close, pointing to an opening advance of 0.14%.

Trends on SGX Nifty indicate a flat opening for the index in India, NIFTY Aug future closed at 11199.5 with a discount of 1 points, while Sep futures were at a premium of 11 points towards close.

Technically, A Bullish ‘Golden Cross’ Seen On The Dow Jones Index.

7 AM GLOBAL UPDATE:

DOW (+181, 27387)
NASDAQ (+110, 11108)
SGXNIFTY (-19, 11194)
NIKKEI (-109, 22309)
HANG SENG (-21, 24909)
BOVESPA (+1324, 104126)
OIL($42.16 a barrel)
GOLD (+11, $2083)
Silver(+0.23, 29.38)

Global Markets: Nasdaq, Dow maintain upward streak; SGX Nifty opens higher

Ruchit Purohit — Thu, 06 Aug 2020 02:52:27 +0000

Overnight, Wall Street ends sharply higher as strong earnings reports and improving economic data got most of the attention. SGX Nifty climbs. Gold also surges amidst a weaker U.S. dollar and continuing appetite for hedging risk sent gold above $2,050 an ounce to record highs.

Nasdaq continuing the upward streak and and creating record highs for the 5th consecutive day in the markets,S&P 500 just 2% away to reach the level it touched earlier in February.

Highlights as of 7 am:

Nasdaq hit the 11000 level, Up 57 points to 10998 at close.
Dow jones jumped massive 373 points to close at 27202.
S&P 500 just 2% away to reach the February level, Closed gaining 21 points.
Gold prices keep on surging, closed up 6 points at $2056/ounce.
SGX Nifty opens higher by 37 points to 11153 on Thursday.
All Asian indices trade green at opening.
Nikkei at opening added 35 points to 22550.
Hang Seng up nearly 100 points to 25201.
Indian indices likely to open higher tracking strong global cues and positive trends on SGX.

Global Markets: Nasdaq at record high, SGX Nifty back to green

Ruchit Purohit — Tue, 04 Aug 2020 02:48:39 +0000

Market Update:

The global markets as on Tuesday morning were all positive as equities and yields trade firm also with the USD into positioning with SGX Nifty also opening higher in the early trade.

Highlights as of Tuesday morning:

Nasdaq closed at record highs with gaining 160 points or 1.47% to close at 10937.50.
The Dow Jones Industrial Average DJIA climbed 236.08 points, or 0.9%, to close at 26,664.40.
The S&P 500 SPX rose 23.49 points, or 0.7%, touching 3,294.61 at the close.
Apple and Microsoft were in major action with apple surging over 3% and Microsoft over 6% in the trading hours.
SGX Nifty opened green gaining 48 points or 0.44% at 10959.50.
Asian markets trade positive at opening.
Nikkei up by 331 points or 1.49% at 22526.90.
Hang Seng adding 193 points or 0.79% to 24651.60.
Taiwan Index up 111 points at 12624.60.
Indian Markets likely to open green on positive global cues.

Global Markets: Dow Jones crash, Nasdaq holds green

Ruchit Purohit — Fri, 31 Jul 2020 02:56:03 +0000

Market Update:

The US markets at close showed mixed figures as dow jones and S&P slip red while Nasdaq maintains to stay green as tech stocks surged over 6% after hours.

Big Tech Doesn’t Disappoint !

FACEBOOK

Revs up 11% & ad rev up 10%

Growth in first 3 wks of July at Q2 level

Stock +5%

AMAZON

Q2rev +40% YoY

AWS revs +29%

Stock +6.5%

GOOGLE

Alphabet Q2 revs of $38.3 bn

Ad revs -8%, above estimates

Stock flat

Highlights Of Global Markets:

Nasdaq at close was up by 45 points to close at 10588.
Dow Jones closed down by 226 points to 26314.
S&P down by 12.26 points to 3246 at market closing.
Gold in the US markets was trading at $1946 at close.
The US markets earlier opened weak yesterday on weak GDP data.
President Trump suggested to delay the elections as of now.
Apple, Amazon and Facebook surged over 6% each after strong and better than expected results.
SGX Nifty opening by gaining 45 points at 11146.50 or up by 0.41%, Positive opening to be seen in the D-Street.