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Nandan Nilekani family-backed Divgi TorqTransfer Systems, engaged in the business as an automotive component entity, will open its IPO for subscription on March 1.

Over a fourth of BSE500 companies have fallen more than 30% in the past year and half of the index constituents are down over 30% from their 2-year highs

The Nifty Realty index closed 2.18 per cent up at 388.75.

The 62-year-old company, popular for its sustainable and traditional Indian wear, said it may consider going public in the future and that several global ESG-focused funds had expressed an interest to invest. It did not give details.

On a video posted on his YouTube channel, on February 22, Ashwani Gujral said Indian markets could see further correction. He attributed the current correction to synchronized global selling due to higher interest rate forecast amid a global slowdown.

As of Monday, the conglomerate led by billionaire Gautam Adani has seen about $147 billion wiped off its market value after Hindenburg Research accused it on Jan. 24 of improper use of offshore tax havens and stock manipulation

​​​The Nifty IT index fell 1.95%. In the sensex pack, Tata Steel and Infosys were among top losers, falling over 2%, while Tata Motors and TCS lost close to 2%.

In case I am loading a forex travel card or purchasing currency for foreign travel, again my negotiation skills with my bank relationship manager will determine what I pay per dollar

Data on Friday showed U.S. consumer spending increased by the most in nearly two years in January, while inflation accelerated, adding to market fears that the Fed could continue raising interest rates into summer.

As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 15.41 per cent and domestic institutional investors had 4.67 per cent.