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In China, slower-than-expected economic growth in the fourth quarter raised doubts about forecasts that demand there will drive global oil growth in 2024.

The company’s board had on September 29, proposed a corporate restructuring to create three separate legal entities for zinc and lead, silver, and recycling business. The move, meant to unlock potential shareholder value, is in line with its parent Vedanta’s plans to create separately listed entities for aluminium, oil and gas, iron ore and steel.

Given the current stock prices, the scheme appears favourable to ICICI Bank shareholders, potentially leading to resistance from ICICI Securities shareholders at the current swap ratio.

The board of the company in a meeting on Friday approved the "raising of funds through the issuance and allotment of Commercial Papers, for an amount not exceeding ₹3,500 crore," to be utilised for bridge funding to facilitate the payment for the two proposed acquisitions, said Tata group FMCG arm in a regulatory filing.

Earlier, the bourses were scheduled to hold special trading sessions in the equity and equity derivative segment on January 20 (Saturday) to check their preparedness to handle major disruption or failure at the primary site.

Shares of ICICI Bank, Kotak, IDBI Bank and IDFC First Bank will be in focus as the companies will announce their third quarter results.

The 52-week high metric serves as a crucial technical indicator for traders and investors, reflecting a stock’s peak price in the preceding year.

Brent futures were up a cent to $79.11 a barrel at 11:41 a.m. U.S. West Texas Intermediate crude fell 9 cents to $73.99. For the week, the U.S. benchmark is on track to rise about 2% while Brent is set to gain about 1%.

A mule account is basically a trading account maintained with a stock broker or a dematerialized account or bank account linked with such trading account in the name of a person, where the account is effectively controlled by another person, whether or not the consideration for transactions in the account are paid by such other person.

Net profit was Rs 216 crore in the year-ago period. Its net interest income rose 42% at Rs 802 crore while total income increased by 42.4% at Rs 1,295 crore. Pre-provision operating profit increased by 59% at 602 crore in the quarter under review against Rs 380 crore in the year-ago period.