Getty ImagesParag Milk(up 5.86%), Heritage Foods(up 3.17%), Umang Dairies(up 1.95%), Hatsun Agro Product Ltd(up 1.87%), P & G Hygiene(up 1.60%), Dangee Dums(up 1.11%), Mrs Bectors Food Specialities(up 1.05%), Britannia Industries(up 0.86%), Jyothy Labs(up 0.79%) and Emami(up 0.63%) were among the top gainers.
Future Consumer(down 4.35%), JHS Svendgaard Laboratories(down 2.12%), Gillette India(down 1.26%), Tasty Bite Eatables(down 0.87%), Patanjali Foods(down 0.80%), Hindustan Foods(down 0.72%), ADF Foods(down 0.61%), Varun Beverages(down 0.42%), TATA CONSUMER PRODUCTS(down 0.39%) and Prataap Snacks(down 0.38%) were among the top losers.
The NSE Nifty50 index was trading 50.3 points down at 18246.7, while the 30-share BSE Sensex was down 161.07 points at 61743.45 at around 10:14AM.
Eicher Motors(up 5.98%), Tata Motors(up 1.55%), Bajaj Auto(up 1.54%), Britannia Industries(up 0.86%), Hero MotoCorp(up 0.76%), Mahindra & Mahindra(up 0.62%), Asian Paints(up 0.57%), Axis Bank(up 0.4%), Cipla(up 0.34%) and State Bank of India(up 0.28%) were among the top gainers in the Nifty pack.
Friday, 12 May, 2023- Front Page
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- On Watchlist: Govt Seeks to Tax Netflix Income in India
India is seeking to tax Netflix Inc.’s income earned from streaming services in the country, people familiar with the matter said. It’s the first such move to tax overseas digital companies providing electronic commerce services to consumers in India, they said.
PhonePe Will Likely go for an India ListingWalmart president and chief executive officer Doug McMillon has said the performance of its payments company PhonePe has seen a significant upside, and if it chooses to enter the ecommerce business, it won’t compete with sister company Flipkart as both will be focused on serving their own set of customers.
Adani in Talks for $2-2.5b Stake Sales in 3 Group CosAdani Group is in discussions with potential investors to raise $2-2.5 billion via share sales in Adani Enterprises, Adani Transmission and Adani Green Energy, said people aware of the matter.
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