Molson Aims to Create Mass CBD Drink Brand With Veryvell

Move over, Miller — it’s CBD time. Molson Coors Beverage Co., the beer maker better known for popular brands like Coors and Miller High Life, has a new candidate for a big-time brand. But the drink, known as Veryvell, contains CBD instead of alcohol. Pete Marino, president of the emerging growth division for Molson Coors, […]

Buying a sedan? 2021 may be just the year for it

There are a whopping 10 sedans slated for a launch in India this year. Rajesh Karkera/Rediff.com gives the lowdown. The year 2021 promises to be a swell year for new cars to come to India. Part 1: Why 2021 is a very good year for the hatchback buyer Apart from a host of hatchbacks, this year […]

U.S. Weekly Jobless Claims Climb To Highest In Over Four Months

First-time claims for U.S. unemployment benefits climbed by much more than expected in the week ended January 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 965,000, an increase of 181,000 from the previous week’s revised level of 784,000. Economists had expected jobless claims […]

Ministries to get the same budget funds as last year

The government, it would seem, is reserving its firepower to spend on big-ticket items that will be announced in the Budget, reports Subhomoy Bhattacharjee.  With only a couple of weeks before the Budget is presented, the finance ministry has told the line ministries they will get more or less the same allocation in FY22 as […]

Twitter stock tumbles 10% after Trump is permanently banned from the platform

Twitter stock slumped on Monday after President Trump was banned from the platform. REUTERS/Jonathan Ernst Twitter shares slumped as much as 10% in premarket trading on Monday. The stock-price drop followed the social-media group’s permanent suspension of President Trump’s account. “After close review of recent Tweets from the @realDonaldTrump account and the context around them […]

Europe’s Largest Solar Plant Planned for Western Spain

Spain’s largest utility Iberdrola SA and the French food giant Danone SA sealed an accord to build 590 MW-capacity photo-voltaic plant, the largest in Europe. The 300 million-euro ($364 million) project will be located in the western province of Caceres, Iberdrola said in statement on its website. The utility will provide power to Danone’s 29 […]

Sensex at Mount 49k: Are the markets overheated?

‘The more retail investors keep away from speculative activity, the more they will manage their risks better.’ In an interview with Prasanna D Zore/Rediff.com, Deven Choksey, managing director, K R Choksey Shares and Securities Pvt Ltd, discusses the market’s budgetary expectations and some don’ts for investors even as the stock market bellwether, the Sensex, is […]