World news info.

Rs 5 biscuit packs are not selling but sales of Rs 15,000 smartphones are robust. Mint explains how the two outcomes may be exclusive of each other and the truth could somewhere be in the middle. from Moneycontrol Business News https://ift.tt/2PBAuEz

Economists have explained it with the theory that consumption of inferior goods increases with the fall in income. from Moneycontrol Business News https://www.moneycontrol.com/news/business/‘lipstick-index’-that-typically-hints-recession-hits-indian-market-report_12939801.html

FRV has sent out feelers to a few investors to check their interest in acquiring assets, if talks with Hero Future fail. Sale of the assets could fetch up to ₹1,000 crore. from Moneycontrol Business News https://ift.tt/2ZBcRzv

Deal to happen in 2 tranches, based on achievement of milestones. Innovcare plans to use the funds to augment its current product portfolio. from Moneycontrol Business News https://ift.tt/30GRp9v

Granules OmniChem is an equal joint venture between Granules India and SA Ajinomoto Omnichem NV. from Moneycontrol Business News https://ift.tt/2zv3any

There would be a minor resistance near 11,200 from Moneycontrol Business News https://www.moneycontrol.com/news/business/buy-or-sell-|-remain-positivemarkets_12939561.html

IHCL’s own properties will also be looked at for acquisition by the SPV from Moneycontrol Business News https://www.moneycontrol.com/news/business/tata-group’s-indian-hotels-has-linedasset-buyoutspartner-gic_12939381.html