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SBI Funds has also been advised by the RBI to acquire requisite shareholding in HDFC Bank within a period of six months, ending November 15, 2023.

The base issue comprises up to 1.70 crore shares of the company representing 7% of the total equity, with a green shoe option of 69.88 crore shares representing 2.88% stake.

"We are not granting an indefinite extension of time. If there is some genuine difficulty, you let us know," the bench headed by chief justice DY Chandrachud told solicitor general Tushar Mehta, who appeared for Sebi. "We could have given you time till September 30... but on August 14, tell us which stage are you in. Give us an updated report on the status of the investigation."

VRL, headquartered in London, aims to borrow the money through its Zinc International unit. Following delays in securing funds from Farallon Capital Management, VRL has resumed discussions with banks to explore alternative financing options.

The Sensex ended at 61,560.64, down 371.83 points or 0.6% from the previous close. The Nifty declined 104.75 points or 0.57% to end at 18,181.75. Short covering in the later part of the day helped both the indices recoup some of their losses after falling nearly 1% earlier in the session.

​New Long is a bullish indicator because it signifies that the futures OI and price have increased.​

Speculation of more US rate hikes following comments to that effect by members of the Federal Reserve also contributed to mounting robustness in the dollar index, exacerbating the pressure on the rupee.

Wipro is offering a buyback of 26.97 crore shares from its shareholders on a proportionate basis through a tender offer. The buyback price is Rs 445 per share, aggregating Rs 12,000 crore, which is 5.72% of its market capitalisation. On Wednesday, Wipro shares closed at Rs 383, which is 16.2% below the buyback price. About 15% or 4 crore shares in the buyback are reserved for retail investors.

The promoter of Vedant Fashions, Ravi Modi Family Trust, plans to sell 7% stake in the company through an OFS. The offer is being proposed with an option to sell an additional 2.88% stake in the event of oversubscription. The floor price is fixed at Rs 1,161 per share, which is nearly 7% discount to the last closed price. The offer is open for non-retail investors only and on May 19, which is the T

Geojit Financial Services launches FLIP, its latest mobile trading platform that seeks to provide a comprehensive and flexible trading experience. FLIP includes advanced order capabilities such as One Cancel Other Order, Bracket Orders, Basket Orders, Option Chain, Option Greeks, Single Click Multi-Leg Orders, and Exit All Positions in Just one click. It also features portfolio insights, technical and fundamental research, stock analysis page, advanced charting (TradingView), and dashboard that provides a summary of