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The Dow Jones Industrial Average fell 46.44 points, or 0.14%, at the open to 34,039.60

The susceptibility of capital flows and currency markets to relative growth performance has intensified

Backed by the healthy consumer demand during the festive season, the company saw a 12% on-year growth in combined sales in the standalone business during the December quarter, according to the provisional update it provided in January.

Biocon did not reveal the price at which the stake was sold.Officials at Syngene and Biocon did not immediately respond to a Reuters query seeking the reason for the stake sale and the price at which the sale was executed

The government has yet again been fiscally disciplined and maintained the fiscal deficit target of 6.4% in the revised estimate for FY 2022-23 and decreased it to 5.9% for the following fiscal year

The margin parameters applicable for collection of margin obligation by Clearing Corporations would continue to be updated on intra-day and EOD basis, as per the extant provisions.

"The government has only been an enabler and if you look at all the digital stack which is being talked about all over the world, that is actually one of the biggest enablers in terms of the investors being able to participate so seamlessly. If you look at all the announcements that have happened about the digital transaction and about the fintechs, the way they can actually participate, there is going to be a single source of all the information from where the digital enablement will happen."

The company clocked a 32% increase in the revenue from operations at Rs 4,148 crore during the October-December 2022 period, which stood at Rs 3,141 crore in the year-ago period. The total expenses of the firm spiked 24.14% YoY to Rs 3,560 crore in Q3

Recent economic reports suggest price pressures are easing and growth is cooling – all signs that the US economy is responding to the Fed’s aggressive rate increases as policymakers work to tame inflation. But a still-tight labor market could add more pressure on the Fed to extend its tightening campaign or hold rates at restrictive levels for longer.

With a year to go for national polls, it’s crucial for Modi to tackle the issues of high unemployment and inflation as he seeks to win a third consecutive term. Finance minister Nirmala Sitharaman focused on farmers, so-called backward castes and women to deal with the inequities exacerbated by the pandemic.