In recent years, the Indian retail sector has witnessed a surge in the presence of Japanese brands such as Muji, Asics, and Shiseido, all outlining extensive expansion strategies for the Indian market. Despite the promising prospects, the challenge lies in the premium and prestige positioning of these Japanese brands. Experts point out that targeting the affluent and aspirational young professionals may pose a challenge, considering the price sensitivity of the Indian consumer.

Under the OFS, Federal Bank will offload 1.65 crore shares, and True North Fund VI LLP will divest 5.38 crore shares.

The Confederation of All India Traders (CAIT) has announced that India's retail markets have recorded a record trade of ₹3.75 lakh crore due to the Diwali festival, projecting additional cumulative sales worth ₹50,000 crore in the upcoming festivals of Govardhan Pooja, Bhaiya Dooj, Chhath Pooja, and Tulsi Vivah.

The results came after the close of the market hours. Shares of Grasim Industries Ltd ended at ₹1,922.00, down by ₹24.25, or 1.25%, on the BSE.