The Competition Commission of India has approved the acquisition of Patanjali Ayurved’s Home and Personal Care business by Patanjali Foods in a Rs 1,100 crore deal. Patanjali Foods is involved in various activities including processing oilseeds and FMCG goods, while Patanjali Ayurved focuses on manufacturing ayurvedic medicines and HPC items. The acquisition is part of Patanjali Foods’ strategy to expand and become a leading FMCG company, with Patanjali Ayurved being one of its promoters.
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Why TotalEnergies Stock Slumped Today
The stock of fuel and chemicals conglomerate TotalEnergies (NYSE: TTE) fell nearly 3% after the company reported second-quarter earnings, revealing net revenue of just under $44.7 billion, down from approximately $49.2 billion in the same period of 2024. In contrast, the S&P 500 index managed a slight gain on the same day. Want More Context? 🔎
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