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The pair was accused of conspiring to launder more than 100,000 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,0000 unauthorized transactions.

“Due to a technical issue, the opening price of a security in the MSCI India Index was incorrect,” Melanie Blanco, head of external communications, Americas, wrote in an emailed response to questions from Bloomberg News. “The price has since been corrected.”

The government provides financial incentives in the form of a lump-sum grant-in-aid for municipal bond issuances at the rate of Rs 13 crore per Rs 100 crore of bonds issued under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT, 2015) Programme.

Indian stock markets saw a decline after blue chips Infosys and Hindustan Unilever reported disappointing earnings, ending a record six-day run. The NSE Nifty fell 1.17% to 19,745 and the BSE Sensex declined 1.31% to 66,684.26. Shares in IT firms such as Infosys plummeted after the company cut its revenue growth outlook; the Nifty IT index saw its biggest single-day decline since 17 April, falling 4.1%. Despite foreign portfolio investors pumping around INR85,000 crore ($11.5bn) into Indian equities since March, FPIs were net sellers of INR1,998.77 crore on Friday.

Infosys saw a share plunge of 7.7% after the company cut its FY24 revenue guidance from 4-7% to 1-3.5%, resulting in an industry-wide sell-off that saw the NSE IT index fall 4.1%. Jefferies, Nomura, Bank of America Securities, Motilal Oswal Financial Services, Nuvama Institutional Equities and HSBC cut earnings estimates as a result.

During the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with nearly 32% return, followed by Sterling and Wilson (26.6%), Arihant Capital (26.55%), and DB Corp (25.03%).

"I run a research & analytics startup in Dubai. During the pandemic, when things got tough at work, yoga helped me find my balance. Post-pandemic, I have continued with the routine - it is my favourite form of worship. Recently, I have gotten into playing beach volleyball with my daughter and her friends."

The Securities and Exchange Board of India (Sebi) wants to make it mandatory for foreign portfolio investors (FPIs) to provide their legal entity identifier (LEI) code, further boosting the KYC framework for overseas investors buying into Indian financial assets.

Last year, the Securities and Exchange Board of India (Sebi) had issued an advisory to investment banks, asking them to furnish either an affidavit from such a family member or members, clearly stating they do not want to be classified as part of the promoter group, or a memorandum of understanding (MoU) between the promoter and the family member.

While investors broadly anticipate the central bank will raise rates by 25 basis points at its July 26 meeting, many also hope for signs that policymakers are more confident inflation will continue cooling, eliminating the need for the Fed to lift borrowing costs much further and supporting the thesis that has helped buoy stocks in recent weeks.