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The US dollar fell slightly against a basket of major currencies after the US debt ceiling was agreed. The dollar index, which tracks the US currency against six major peers, eased to 104.17, down 0.125% on the day. Investors remained cautious as lawmakers still need to pass the 99-page bill before the current debt limit of $31.4tn is reached on Monday. Although Treasury Secretary Janet Yellen said that the government would default if Congress did not increase the debt ceiling by 5 June, the uncertainty is likely to persist until the issue is resolved.

The MD & CEO is expected to function under the overall supervision, direction and guidance of the board and at the same time, maintain independence in performance of duties. At times, however, we have noticed the dominance of CEOs in board discussions and decision making.

Benchmark indices rose to their highest level in nearly six months led by the financials, with the Sensex briefly surpassing the 63,000-mark before trimming some of its gains.

Jefferies Financial Group Inc. last week raised the weighting of Indian stocks in its Asia Pacific ex-Japan model portfolio to reflect the disappointments in the Chinese stock market after a strong rally earlier this year.

Shares of the Mumbai-based automotive company ended at ₹1,325.05 apiece, up 3.7% from the previous close. It was the top index gainer and among the best performers in the NSE 500 universe.

In a disclosure filed with the stock exchanges on March 10, ICICI Bank had said that it had received an extension from the Reserve Bank of India (RBI) for divesting its shareholding in ICICI Lombard General Insurance Company Limited.

A bench of Chief Justice Subhash Chandra Sharma and Justice Subramonium Prasad rejected the plea by lawyer-activist Ashwini Kumar Upadhyay, saying "the present PIL is devoid of merits".

Chief executive Rajiv Sabharwal said the lender will look to add more than 50 branches each year after growing the network three-fold to 438 branches in the last 24 months.

Jubilant Pharmova has posted a net loss of Rs 98 crore in the fourth quarter ended March. Revenue from operations during the quarter stood at Rs 1,660 crore.

Oil prices increased in early Asian trade on Monday after the US leaders reached a debt ceiling deal. Brent crude futures climbed to $77.34 a barrel while US West Texas Intermediate crude was at $73.12 a barrel. US President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle to suspend the $31.4tn debt ceiling. However, the relief in global financial markets could be short-lived as the US Treasury is expected to issue bonds that will further tighten liquidity, making funding more expensive for companies already suffering from high interest rates.