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Two of India’s key indices retreated Tuesday, wiping out blockbuster gains of the previous session, dragged down by a selloff in financials and IT stocks.
Shopping at brick-and-mortar stores and eating out slowed down in November and December sequentially as demand eased after a strong festive season, analysts and executives said.
Private equity group Carlyle acquired wellness, beauty products and services company VLCC Healthcare Ltd, marking an entry into a rapidly growing sector where direct-to-consumer (D2C) brands have mushroomed.
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