business π Market bounce, Starbucks in Chennai, and chemist pushback
Markets showed a strong rally as the Nifty and Sensex recovered after six weeks of losses, supported by FMCG and pharma gains. Starbucks announced it is opening its first overseas Global Capability Centre in Chennai. This new venture aims to generate 800 technology jobs, according to the report. Separately, the All India Organisation of Chemists and Druggists is opposing mandatory CCTV surveillance in pharmacies. The market anticipates adding $1.5 trillion to the IPO market capitalization this year. π