Shutterstock.comVadilal Industries(up 7.08%), Future Consumer(up 3.85%), Jyothy Labs(up 2.62%), Bajaj Consumer(up 2.62%), Mrs Bectors Food Specialities(up 1.90%), Nakoda Group(up 1.89%), Sheetal Cool Products(up 1.55%), Nestle India(up 1.18%), Euro India Fresh Foods(up 0.98%) and Britannia Industries(up 0.95%) were among the top gainers.
Parag Milk(down 3.24%), Dabur India(down 2.62%), ADF Foods(down 2.38%), Dodla Dairy(down 1.21%), Dangee Dums(down 0.71%), Patanjali Foods(down 0.57%), Hatsun Agro Product Ltd(down 0.43%), Emami(down 0.29%), Zydus Wellness(down 0.27%) and Tasty Bite Eatables(down 0.12%) were among the top losers.
The NSE Nifty50 index was trading 48.1 points down at 18207.7, while the 30-share BSE Sensex was down 196.64 points at 61552.61 at around 10:50AM.
Titan Company Ltd(up 2.09%), ICICI Bank(up 1.88%), Axis Bank(up 1.87%), Eicher Motors(up 1.58%), IndusInd Bank(up 1.56%), Larsen & Toubro(up 1.4%), State Bank of India(up 1.33%), Bajaj Finserv(up 1.31%), Kotak Mahindra Bank(up 1.25%) and Nestle India(up 1.18%) were among the top gainers in the Nifty pack.
Friday, 05 May, 2023- Front Page
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- Wadias may Seek IBC Rule Waiver to Bid for Go First
The Wadia Group, which owns Go First Airlines, could seek a waiver from the Insolvency and Bankruptcy Code (IBC) rules that bar promoters from bidding for their own companies because the cash-strapped carrier’s account with banks is still marked as standard, said people with knowledge of the matter.
No Big-Bang Rejig; Will Rationalise Costs and ReinvestThe newly inducted chief of Cognizant Ravi Kumar S has a clear brief. The 48-year-old has been tasked with reviving the fortunes of the US-based software exporter that has grown slower than peers and seen an exodus of senior leaders. It is a challenge that Kumar is betting the firm can overcome with its “entrepreneurial spirit”.
D-Street Indices Climb to 2023 PeakIndia’s primary equity gauges surged nearly 1% Thursday to their highest this year, and to within a touching distance of all-time records, as Mumbai shrugged off the weakness evident in Europe and parts of Asia over continued uncertainty surrounding the US Federal Reserve's future interest-rate trajectory.
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