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In recent comments, Fed officials have cited rising bond yields as a factor that may allow them to call it a day on their rate hike cycle.

Fed Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank "watch and see" if its own policy rate needs to rise again or not.

Analysts predict that the profitability of domestic steel makers in India will improve in the third quarter of this year due to lower costs of coking coal, a key raw material. Although steel prices have fallen during this period, companies are using lower-priced inventory to help bring down costs. However, the improvement in profitability will be limited as steel prices have also decreased.

The separation of microfinance from the parent will mean that the company will take at least five years to get to its aspired 50:50 mix of gold and non-gold loans. Gold loans make up 56% of its assets under management (AUM) of ₹37,086 crore at the end of June. Nandakumar said that the pace of growth in gold loans will be half the average growth.

IT major TCS reported 9% growth in its net profit to Rs 11,342 crore. The Board has also approved a buyback proposal worth Rs 17,000 crore at Rs 4,150 apiece.

At present, the account is classified as a special mention account-0 (SMA-0), which effectively indicates that payment is overdue for less than 30 days. This status can be reversed if the payments are made by the company.

The new subsidiary was incorporated on October 9, and it will have an authorized share capital of ₹100,000 with shares of ₹1 each. Its subscribed capital will also be ₹100,000, with equity shares of ₹1 each.

The exchange filing stated that the plan proposed by the sole resolution applicant was rejected by the CoC with 87.41% dissent and now it is in the process of considering fresh steps to be taken as per the IBC framework. The lenders have also approached the National Company Law Tribunal (NCLT) to seek an extension of time.

"Banks want the CRR cut-off timing to be advanced. Under the current system, banks must maintain a satisfactory buffer until midnight to ensure that the reserve requirement is met," a source said. "What is happening now is that a bank can be faced with a sudden outflow because of the pickup in 24x7 banking. So, banks are keeping a protective buffer at the SDF instead of deploying funds in the call market."