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The Nifty Auto index closed 1.58 per cent up at 16425.8.

In the last 3 years, the stock has surged 5100% and gave returns of 1,860% in the last five years. According to the latest shareholding pattern available with the exchanges, promoters own a majority of the stake at 65.75%, while the rest of 34.25% lies with public shareholders

“However, as a leader, your role is to ensure that you are performing your job of addressing any given situation in a way that is in the best interest of my company and people.”

PSU banks are catching up on the valuations, and the discount between PSU and private banks could narrow further over the medium term, analysts said.

The bonds would have AAA rating from ICRA and India Ratings and the issuance will likely happen on September 22. The expectation on the coupon is around 7.45-7.50% which would represent a tight spread over comparable benchmarks," a person aware of the development said.

Saudi Arabia, boosted by OPEC+ partner Russia, this month extended 1.3 million barrels per day (bpd) of combined cuts to the end of the year, accelerating a drawdown in global inventories

Earlier data from the Labor Department showed import prices increased 0.5% last month as fuel prices jumped, but underlying price pressures stayed subdued while a separate report from the New York Fed showed factory activity picked up in the state in September

Traditional U.S. IPOs have raked in more than $5 billion so far in September, according to data from Dealogic, already the second biggest month for such share offerings this year

Cafe market witnessing healthy growth in urban areas, says chairman Ranganath