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Investors await key U.S. economic data later this week that will help determine the path of interest rates this year and next. Federal Reserve Chair Jerome Powell on Friday said the U.S. central bank may need to raise rates further to cool stubborn inflation.

The U.S. dollar dipped against a basket of major currencies, while benchmark U.S. 10-year Treasury yields moved further away from their highest levels since 2007 hit last week.

That view gained more traction in the wake of Fed Chairman Jerome Powell on Friday suggesting that further rate increases may be needed to cool still-too-high inflation, though his promise to move with care at upcoming meetings provided for some uncertainty.

Oil benefited from a better tone on the opening, IG market analyst Tony Sycamore said, after China halved stamp duty on stock trading effective Monday in the latest attempt to boost struggling markets.

Under the partnership, IFC will provide training and capacity building for Shriram Housing Finance employees on the principles and applications of its Excellence in Design for Greater Efficiency (EDGE) certification tool for the affordable self-construction segment customers and impact monitoring tool (CAFI) for reporting of green affordable housing.

The company aims to grow its oil business and expand its renewable energy portfolio to achieve a net-zero goal by 2040. BPCL plans to invest ₹1 lakh crore in projects such as green hydrogen, carbon capture, and improving energy efficiency. Additionally, it plans to set up 50 megawatts of captive wind power plants and own 1 gigawatt of renewable energy capacity by 2025.

Captains of the microfinance industry said that their borrowers have now become savvy and know that good repayment ensures a timely dose of loans when they require it the most. So, debt waiver announcements could only derail repayment temporarily and would not translate into default and significant escalation in credit cost.

The Adani group - through its buyout of ACC and Ambuja Cements - is the second largest manufacturer of cement in the country. It plans to double its existing capacity to 140 million tonnes in five years with an estimated capital expenditure of ₹47,000 crore.

Among the buyers of Zomato’s shares are Morgan Stanley, Goldman Sachs, Societe Generale, BNP Paribas, Kotak Mahindra Mutual Fund and Axis Mutual Fund, data sourced from the BSE showed.

While shares of Railtel Corp of India gained 15% on Monday, Texmaco Rail & Engineering surged 13%. Stocks such as Rites, BEML, Indian Railway Catering, and Rail Vikas Nigam gained between 3% and 5%.