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The results, announced after market hours, exceeded street expectations for both revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA). In fact, the ITC scrip gained 0.72% to close at Rs 266.5 on the Bombay Stock Exchange on Wednesday, when the Sensex closed at a decline of 0.2%.

The fund will have a diversified investment universe and be sector-agnostic. The Kotak Private Credit Fund will also have a greenshoe option to raise another Rs 1,000 crore.

“The majority of the MPC is in favour of 40 basis points for reasons which are not very clear to me. Whatever symbolic or psychological benefit there may be from keeping the hike below 50 basis points is outweighed by the simplicity and clarity of moving in round multiples of 25 basis points,” read his statement in the minutes.

We have weekly options expiry lined up on Thursday. Though some 2 million shares of Put writing were seen at 16,200 strikes, the Nifty seems evenly placed as per the weekly options data. Consistent call writing was also seen at higher strikes.

The state-controlled oil major is working with banks including Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley as it studies a potential listing of Aramco Trading Co., the people said, asking not to be identified as the information isn’t public.

The home segment, which contributed 4% to the overall revenue, grew at 45.8% year on year, and 10% quarter on quarter. In its financial report for the quarter ended March 31, the telco reported home service revenues of Rs 876.2 crore.

As predicted by the head of the RBI, the Consumer Price Index-based inflation print for April was indeed elevated – jumping to an eight-year high of 7.79 per cent. As such, the MPC is widely expected to further raise the repo rate from its current level of 4.40 per cent.

​​ These companies, which filed their preliminary IPO papers with Sebi in January and February, obtained observation letter from the regulator during May 9-13, an update with the the capital markets watchdog showed on Tuesday.

The Dow Jones Industrial Average fell 185.92 points, or 0.57%, at the open to 32,468.67.

“I am looking at growing the food businesses by 15- 20% year on year. The edible oil business shall grow 5-10% which is the secular growth in the segment itself and some of the other categories like oil palm, etc, will have longer term tenure in terms of the growth. In four years’ time, that should take us closer to being a Rs 40,000-50,000 crore business.”