Top headlines: Mainak quits as CARE Ratings chief, Nadella's India visit

From Satya Nadella's India visit later this month to analysts' take on consumption stocks, Business Standard brings you the top headlines of the day

Mainak resigns as CARE Ratings chief 

S B Mainak has resigned as chairman of CARE Ratings, the company said in a stock exchange notification after the market regulator Security and exchange board of India (Sebi) reportedly asked for his removal. Read on

Satya Nadella to visit India later this month

Microsoft Corp Chief Executive Officer Satya Nadella is planning to visit India later this month, multiple sources familiar with the plans told Reuters, a test for the Indian-born head who recently criticized Indian immigration policy. Read on

Oppo elevates Elvis Zhou as India operations president

Smartphone maker Oppo announced the appointment of Elvis Zhou as the president of its India operations. Before this, Zhou was serving as a general manager at Oppo in Mumbai. Read on

Analysts upbeat on consumption stocks

Caught in the midst of a lack-of-demand-driven slowdown, consumption stocks have had a bumpy ride thus far in calendar year 2020 (CY2020). In the run-up to the Union Budget for 2020-21, stocks such as Avenue Supermarts, Bharti Airtel, Crompton Greaves Consumer Electricals, Relaxo Footwears, Dabur, and Hindustan Unilever (HUL) rallied between 7 and 20 per cent on hopes of a stimulus package to spur demand. Read on

SC asks parties to reveal poll candidates' criminal cases

The Supreme Court directed all political parties to upload on their website details of pending criminal cases against candidates contesting polls, noting that there has been an alarming increase in criminalisation of politics. Read on