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Conceived in 2009 when Khanna, a professor in Harvard University, was sipping a hot cup of tea at a cafe in Mumbai with his student Amuleek Singh Bijral.

GMR Airports will utilize the proceeds to finance its acquisition of Fraport s stake in Delhi International Airport (DIAL). In September last year, GMR Airports announced its plan to purchase the German airport operator s 10% stake in DIAL for $126 million.

A mix of global and domestic challenges has shaken investor confidence in Tata Motors. The company s UK subsidiary, Jaguar Land Rover (JLR), has faced difficulties due to low demand in major markets like China, the UK, and the EU.

Around a third of NSE 500 stocks are trading at valuations below their pre-Covid levels, based on PE and P/B ratios. Significant blue-chip companies such as HDFC Bank, Bharti Airtel, and Maruti Suzuki are 10-60% cheaper, indicating potential value buys despite recent market corrections.

The rupee was one of the weakest-performing Asian currencies, closing at 87.21/$1 compared to its previous close of 86.70/$1, despite central bank intervention that helped curb excessive losses, traders said.

The Securities and Exchange Board of India proposed new rules to limit manipulation in derivatives trading by changing how outstanding positions in stock futures and options are calculated. This includes modified Open Interest calculations and tight monitoring measures to prevent influential firms from exploiting market conditions. The goal is to enhance market integrity and reduce undue influence on trading positions.

Citi anticipates a one-time boost in equity broking for 360 One WAM, driven by the Batlivala & Karani acquisition to serve existing clients, while the ability to cross-sell non-mutual fund products will provide additional revenue opportunities for the wealth manager.

The size of the IPO is expected to be roughly $2 billion or around Rs 18,000 crore, ET had reported earlier. At a meeting on Tuesday, the company s board approved the initial public offering, which will include a fresh issue of 230 million shares as well as an offer for sale by existing shareholders, according to the company s exchange filing.