Indian share market opens lower, prepares to move into New Year with caution
The domestic benchmark indices opened lower on Tuesday as selling was seen in IT, realty, auto, financial service, FMCG, media and private bank sectors on Nifty.
The domestic benchmark indices opened lower on Tuesday as selling was seen in IT, realty, auto, financial service, FMCG, media and private bank sectors on Nifty.
With an aim to expedite grievance resolution, the National Consumer Helpline (NCH) has partnered with over 1,000 companies under its Convergence Programme to expedite grievance resolution.
As stocks of fast-moving consumer goods (FMCG) companies keep growing, the sector growth has slowed down due to less packaged food consumption among the Indians and slowdown in daily online grocery demand on various digital platforms
The company’s stock was trading around Rs 640 a piece (down 4.9 per cent) during the day trading.
The Sensex was down 676.51 points or 0.84% at 79,825.57 while the Nifty was down 234.50 points or 0.96% at 24,274.80 at noon.
Through streamlining operations and achieving greater scalability to meet changing demands, Parle expects to witness business growth in India and beyond.
Established in August 2020, Infinique Mall has been in the making for the past 2 years, as far as its business model, technical expertise or curating the brands is concerned.
The company had posted a net profit of Rs 1,795 crore in April-June quarter of the previous fiscal.
ONGC was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Bajaj Auto, ITC, Sun Pharma, Nestle India, L&T, Maruti, UltraTech Cement and HUL.
While the company did not disclose the value of the deal, sources said it is valued around Rs 1,800 crore to Rs 2,000 crore.
