Getty ImagesHindustan Foods(up 3.10%), JHS Svendgaard Laboratories(up 3.07%), Jyothy Labs(up 1.54%), Varun Beverages(up 1.07%), ADF Foods(up 0.91%), Nestle India(up 0.19%), Vadilal Industries(up 0.13%), Dodla Dairy(up 0.13%), Emami(up 0.10%) and Sheetal Cool Products(up 0.03%) were among the top gainers.
Future Consumer(down 4.35%), Mrs Bectors Food Specialities(down 3.29%), Nakoda Group(down 3.06%), Adani Wilmar(down 2.65%), Patanjali Foods(down 2.06%), TATA CONSUMER PRODUCTS(down 1.93%), Parag Milk(down 1.75%), Tasty Bite Eatables(down 1.65%), Euro India Fresh Foods(down 1.55%) and Hatsun Agro Product Ltd(down 1.46%) were among the top losers.
The NSE Nifty50 index was trading 50.15 points down at 18079.8, while the 30-share BSE Sensex was down 119.84 points at 61311.9 at around 10:04AM.
HCL Technologies(up 1.58%), Infosys(up 1.56%), Tech Mahindra(up 1.17%), Tata Consultancy(up 0.52%), Power Grid Corporation of India(up 0.42%), Wipro(up 0.42%), Cipla(up 0.3%), Nestle India(up 0.2%), Kotak Mahindra Bank(up 0.16%) and ICICI Bank(up 0.16%) were among the top gainers in the Nifty pack.
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QSR, Lifestyle Cos See Slower Sales in March Qtr, AprSales of large quick-service restaurants, lifestyle, apparel and discretionary products have slowed in the March quarter as well as in April, with companies reporting either flat, low single-digit or declining growth, as consumers downtraded to lower priced products amid higher inflation, moderation in pent-up demand and tighter financial conditions.
Credit Card Spends in Foreign Currency to Attract 20% TCSForeign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international credit cards will count toward an individual’s Liberalised Remittance Scheme (LRS) account and attract 20% tax collected at source (TCS), officials said.
Travellers Forced to Redraw Foreign Holiday BudgetsTravel industry professional Neha Sharma (name changed on request) is in a fix. She has planned a family holiday for Paris, Rome and the Amalfi Coast for July 2-14 this year and has made all her reservations through her credit card.
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