Shares of most of the Adani Group companies continued their fall on Monday, hitting fresh lower circuits, despite a detailed rebuttal by the group to the allegations made by US short-seller Hindenburg Research. The bloodbath has erased over Rs 5.5 trillion in the group’s combined market capitalisation over the last three trading sessions. Last week, […]
Godrej Consumer Products on Thursday announced that it has acquired the FMCG business of Raymond Consumer Care Limited, which includes brands like Park Avenue, Kamasutra and Premium, for Rs 2,825 crore. The deal would be completed by May 10 and the deal consideration is in cash. “These categories have the potential to deliver double-digit multi-decade […]
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