Tuesday, August 18
FMCG conglomerate Dharampal Satyapal Group (DS Group) has ended its exclusive partnership with Swiss luxury chocolate brand Läderach in India. DS Group confirmed the developments. The two entered into an exclusive partnership for the India market in August 2023."We have decided to exit our partnership with Läderach. The decision comes after a strategic review of the partnership which no longer aligns with the core values and long-term vision of DS Group," said a company spokesperson."We remain firmly committed to our core values and will continue to pursue alliances with partners whose actions and strategies are fully congruent with our values," the spokesperson added. DS Group announced the opening of the first exclusive Läderach store in India at the DLF Emporio in New Delhi in 2023.
Shares of Reliance Industries (RIL) slipped sharply on Tuesday, falling 3.7% to an intraday low of Rs 1,518.30 from the previous close of Rs 1,577.45. The stock opened marginally lower at Rs 1,575.55 but faced sustained selling pressure, with trade volumes spiking significantly. RIL said it is not expecting any Russian crude oil deliveries in January and has not received such cargoes in the past three weeks.The private refiner, which used to be India's largest buyer of Russian oil, published a statement on X denying a Bloomberg report based on Kpler data that three vessels laden with Russian oil are heading to its Jamnagar refinery. The move comes amid renewed trade concerns after US President Donald Trump said on Monday tariffs on India could be raised if New Delhi do
