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Reliance Industries Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 1570447.73 Crore) operating in Diversified sector.

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An all-stock deal could be announced as soon as Wednesday, the person said.

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The SEC proposal, first broached in 2022, angered some activist investors who claimed that having to step forward sooner could make it unprofitable to build the ownership positions they need for successful takeover campaigns.

Daly repeated her view that the recent run-up in long-term bond yields could substitute for a further Fed rate hike because the higher yields make it more expensive to borrow and can slow spending and investment.

There were broad-based gains in the market, but the midcap and smallcap segment saw more action on Dalal Street.

The 10-year Treasury yield came off its 16-year peak on Tuesday, and was tracking for its steepest single-day drop since August, as trading resumed in the U.S. bond market which had been closed for a holiday on Monday.

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