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The group will now shoot for revenue growth of 15% to 20% for at least the next financial year, down from the 40% growth originally targeted, said the people, who didn’t want to be named as the discussions are private. Capital expenditure plans will also be scaled down, they said, as the group prioritizes bolstering its financial health over aggressive expansion.

Besides Angul Energy, the six subsidiaries to be merged with Tata Steel are Tata Steel Long Products (TSPL), The Tinplate Company of India, Tata Metaliks, TRF, Indian Steel & Wire Products, and Tata Steel Mining and S&T Mining Company.

Data on Tuesday is likely to show the U.S. monthly consumer prices climbing 0.4% month-on-month in January and the core CPI gaining 0.4% as well, according to a Reuters survey of economists. U.S. consumer sentiment improved to a 13-month high in February, but households expected higher inflation to persist over the next 12 months, a survey showed on Friday.

While the moving average convergence and divergence (MACD) indicator is experiencing an upward centerline crossover, the relative strength index (RSI), a momentum indicator, is positively poised. On the higher side, Rs. 850 is acting as an important psychological level; above this, we can expect a level of Rs. 900+ in the near-short term, while on the lower side, Rs. 770 will act as a major support during any correction.

The group is also making significant investments in its new growth businesses which include Air India, Tata Neu SuperApp, batteries, Tata Electronics and 5G. Tata Sons is currently evaluating the proposed venture into semiconductors.

Sources said on Friday that former BOJ board member Kazuo Ueda is set to become the next governor. In an interview the same day, he said it was appropriate for the BOJ to maintain its current ultra-easy policy.

Markets have already sharply raised the profile for future tightening by the Federal Reserve, with rates now seen peaking up around 5.15% and cuts coming later and slower. There is also a full slate of Fed officials speaking this week to provide a timely reaction to the data. Yields on 10-year Treasuries are at five-week highs of 3.75%, having jumped 21 basis points last week, while two-year yields hit 4.51%.

For a sample of 29 banks, the bad loan provisioning fell by 27.6% year-on-year to Rs 23,080.6 crore in the December quarter. NII increased by 34.5% to a record Rs 1.8 lakh crore. NII is calculated as the difference between total interest earned and interest expended.

French firm had agreed to guarantee 50% of H2 project debt over and above $4 b equity for 25% stake in Adani New Industries Ltd.

Net inflows from domestic institutional investors (DIIs) stood at Rs 27,134 crore during the quarter, as against net inflows from foreign institutional investors (FIIs) at Rs 47,349 crore, resulting in their shareholding marginally increasing to 20.18 per cent in December 2022, from 19.98 per cent in September 2022, massively down from 23.30 per cent in March 2015, when the combined share of DIIs, retail and HNIs was only 18.47 per cent