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Walchandnagar Ind said there is a strike by the labour union at Walchandnagar unit and operations are partially affected. There is no strike at Maharashtra, Dharwad plants.

"There are only two options, either liquidation or extend the resolution timeline in the hope of finding a buyer. Lenders are inclined toward liquidation since it is unlikely that this airline will find any buyers due to the legal and operational issues it is facing," said a person familiar with the process.

Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point.

"The recent regulatory measures are targeted at unsecured retail loans and do not impact the secured asset classes where growth is expected to be steady", said Gurpreet Chhatwal, managing director at Crisil Ratings.

The intention to bring in rules for investment platforms offering fractional ownership of real estate assets comes in the wake of growing demand for such products in recent times.

Our market share is down in group business because we could not get some of that. Our individual business is growing, and I am confident of growing market share in the coming quarters.

The Nifty Auto index closed 0.66 per cent up at 16972.2.

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