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These resignations, which haven’t previously been reported, happened just days before the SC ordered a committee to probe if regulators had failed to oversee Adani Group. Meanwhile, Sebi is examining whether some transactions between the group and Vinod were properly disclosed.

Meanwhile, the dollar was little changed at 133.63 yen. The market consensus is that Ueda will leave ultra-easy policy settings unchanged on Friday, but no one is willing to rule out another surprise like the shock doubling of the 10-year bond yield band in December.

Gold prices slightly increased due to a weaker dollar as investors anticipate U.S. GDP growth data to gain a hint about when the Federal Reserve might pause its interest rate increases. Spot gold rose by 0.1% to $1,991.14 per ounce, while U.S. gold futures gained 0.2% to $2,000.20. New orders for U.S.-manufactured capital goods fell more than predicted in March, indicating that spending on equipment by businesses was likely to be a drag on economic growth in Q1. Takeover prospects Newcrest Mining announced falling gold production results.

Meta Platforms Inc, the parent company of Facebook and Instagram, is benefiting from investments in AI-friendly hardware and software systems as suggested by CEO Mark Zuckerberg. The social media giant beat Q1 profit and revenue estimates, with ad sales boosted by AI recommendations on Instagram. The company also reported narrowing its annual expenses forecast and anticipates Q2 revenues between $29.5bn and $32bn. Shares surged 12% in after-hours trading, adding $50bn to its market value. Meta has been working on a massive project to upgrade AI capacity to improve its core business while carrying out several expensive overhauls.

SBI Life has reported a net profit of Rs 777 crore for the quarter ended March. The profit was higher by 15% compared with Rs 672 crore in the same quarter of last year.

"The policy is favourable for the shareholders, especially the minority ones," said Nilesh Shah, managing director, Kotak Mahindra AMC. "It gives predictability and clarity to shareholders on how a company will distribute dividends or issue bonus shares."

Vedanta Netherlands Investments BV, a promoter group company, has reduced its stake in Vedanta Ltd from 1.71% as of December 31, 2022, to 0.13% as of March 31, show the data. The sold shares are worth over ₹1,600 crore as per the latest stock price.

Net profit increased to ₹3,158 crore in the January-March quarter up from ₹2,420 crore a year ago, particularly because of a surge in new loans. Number of new loans booked during the quarter grew 20% to 7.56 million from 6.28 million a year ago.

The stock price fell as much as 3.5% to $156.54 in New York and is on pace to close at the lowest level since January. 25. If the decline holds until the end of regular session, the company will have lost more than $70 billion from its market capitalisation over five trading sessions since posting disappointing earnings. The shares are down more than 25% in April alone.

The funding will be used to support Ohmium’s expansion to 2 GW in annual manufacturing capacity and the deployment of projects for the company’s growing global customer pipeline in key regions including the U.S., Europe, India and the Middle East. The investment will also provide significant capital to scale Ohmium’s business, including accelerating its research and development programs to reduce the cost of green hydrogen production.