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Rama Mohan Rao Amara, Managing Director & CEO has tendered his resignation from directorship of the company with effect from August 11. He will also cease to be the MD and CEO of the company.

Markets are now focusing their attention on U.S. inflation data out on Wednesday, which will provide more clarity on the progress the Fed has made in its fight against stubbornly high consumer prices.

The Nasdaq 100 includes 100 of the largest companies that trade on the Nasdaq exchange, and changes to the index will force investment funds that track it to adjust their portfolios and sell shares of companies that have their weight in the index reduced.

The jump in developed world yields caused ripples in currency markets, particularly in carry trades where investors borrow yen at super-low rates to invest in high yielding emerging market currencies. The net result was a rush to close yen short positions which saw the Japanese currency rally across the board last week. The dollar was last sitting at 142.30 yen, after sliding 1.3% on Friday, while the euro held at 155.96 yen. The single currency was firm on the dollar at $1.0962.

​​The stock hit a high of ₹426.45 and closed at ₹420.75, almost 59% over the issue price. The ₹592-crore-IPO of Cyient DLM was priced in the range of ₹250 to ₹265 apiece.

During the April-June period, private life insurers reported a growth of 10.58% in their total premium income to ₹28,167 crore compared to ₹25,437 crore in the same period last year. This was largely driven by an increase in group single premium policies. In contrast, state-owned Life Insurance Corporation of India (LIC) witnessed a decline of 7% in its total premium income to ₹44,837 crore from ₹48,201 crore during the same period.

Union Ministers Ashiwini Vaishnaw and Rajeev Chandrasekhar say the move won’t impact India’s chip mission.

The Securities and Exchange Board of India (Sebi) has filed an application in the Supreme Court detailing its response to various suggestions made by the apex court-appointed expert committee in the wake of the Hindenburg report against the Adani Group on potential breaches of securities laws.

RIL shares closed at ₹2,735.25 apiece, up 3.86% from the previous close. Over 2 crore RIL shares exchanged hands on the BSE and NSE, four times its combined average daily volume for the last month, exchange data showed.

Initially, it had received Sebi approval in March 2020 - just before the pandemic struck - to raise ₹976 crore including ₹800 crore through a primary issuance. It filed the IPO papers for the second time in July 2021 with a similar size in mind and got the approval in October of the same year.