Tue, Feb 27, 2024 2:33 PM
Reducing share of food expenses in household consumption survey!
A Flip by Avya Verma
The Indian benchmark Nifty 50 extended its corrective decline. Over the past four sessions of a truncated week, the Nifty 50 index remained largely under selling pressure. Throughout the past week, the markets continued with their process of mean reversion. The volatility, though, did not show any major surge. The volatility gauge, IndiaVIX rose by a modest 2.11% to 14.77.
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Garden Reach Shipbuilders' order book stood at ₹24,221.37 crore, a 4% decrease from the previous quarter, despite which the company remains confident in achieving a 25% CAGR from FY23 to FY27, having reported a 21% increase in net profit to ₹97.77 crore and 28% growth in revenue to ₹1,152.92 crore in the September quarter.
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Nureca Ltd, a player in the home healthcare and wellness sector, has signed a Distribution Agreement with Zepto, the Indian quick-commerce platform known for delivering groceries and other essentials within 10 minutes. This partnership will make Nureca's products available on Zepto's platform, expanding its reach to a larger consumer base across India.
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