Sensex Today | Share Market Live Updates: Sensex, Nifty expect steady start; GIft Nifty trades higher

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Read More)Wipro Holdings (UK) has completed the transfer of its entire shareholding in Wipro 4C NV to Wipro IT Services UK Societas, with the effective date being September 12, according to reports. Both Wipro Holdings (UK) and Wipro IT Services UK Societas are wholly-owned subsidiaries of the company, while Wipro 4C NV operates as a step-down subsidiary.

This move is part of the company's broader strategy to streamline and simplify its group structure.Maruti Suzuki India and Hyundai Motor expect record festive sales this year amid concerns over high interest rates and the likelihood of deficient monsoon affecting rural sentiments.Speaking on the sidelines of the annual SIAM Convention here, Maruti Suzuki India Senior Executive Officer, Marketing & Sales, Shashank Srivastava said that on average, the festive season accounts for about 23-26 per cent of the industry's annual sales.This fiscal, the total expected PV sales is 40.5-41 lakh, and 25 per cent of it means that the festive season sales this year would cross the 10 lakh sales mark."This is the first time it will cross the 1 million mark. The previous peak was 9.34 lakh in 2021, which had two things going for it.

It had 92 days of festive seasons and there was a pent-up demand due to Covid-19 induced lockdown in Q1 (of the year)," Srivastava said.For MSI, he stated that the company has witnessed a 24 per cent (year-on-year) increase in Onam sales this year. Hyundai Motor India COO Tarun Garg said the automaker expects around 9 per cent year-on-year growth in sales volume in the festive season."We are expecting that this year, we should log in around 9 per cent growth over last year," he noted when asked about the company's expected performance in the 83 days period.