HSBC India Services Purchasing Managers' Index (PMI) slipped to 51.1 in December. This is lower than the index reading of 52.6 for November. A reading above 50 indicates that the services sector is generally expanding.
Godrej Consumer Products Ltd has fully acquired South Africa's hair extensions firm Frika Hair (Pty) Ltd for an undisclosed sum in order to consolidate its position in the South African market.
Apollo Health and Lifestyle, a subsidiary of Apollo Hospitals Enterprise, has acquired Nova Specialty Hospitals in Rs 145 crore.