Page 2 - Future Consumer News Today

The Nifty Bank index was trading 0.14 per cent up at 45073.2.

The Nifty IT index was trading 1.89 per cent up at 37224.8.

The Nifty Pharma index was trading 0.93 per cent up at 18005.65.

The 30-share BSE Sensex was down 44.84 points at 65925.2

Kishore Biyani, founder & CEO of Future Group, faces the decline of his business empire. Heavy debts, a series of acquisitions, and diversification into non-core ventures contributed to the downfall. Now, Reliance Retail and Naveen Jindals Jindal (India) are vying to acquire the remnants. Reliance Industries, in particular, stands to enhance its retail footprint and capitalize on Indias growing organized retail sector.

Future Enterprises: Kishore Biyani, founder & CEO of Future Group, faces the decline of his business empire. Heavy debts, a series of acquisitions, and diversification into non-core ventures contributed to the downfall. Now, Reliance Retail and Naveen Jindals Jindal (India) are vying to acquire the remnants. Reliance Industries, in particular, stands to enhance its retail footprint and capitalize on Indias growing organized retail sector.

Top stocks to watch on October 25, 2023: RIL, Lloyds Metals, Future Consumer, BHEL & more

The 30-share BSE Sensex closed down 115.81 points at 66166.93

FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on Rs 253.95 crore loans and revolving facilities like cash credit from banks and financial institutions as on September 30, a filing said on Thursday.

Ascential achieves strong organic revenue growth in all segments