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In the complaint filed by the SEC in federal court in New York, the agency claims the celebrities were paid to promote Tronix (TRX) and BitTorrent (BTT), both crypto asset securities that were offered for sale by three companies owned by Justin Sun, a Chinese national.

"The current grey market premium (GMP) of Udayshivakumar Infra is Rs 10 as of March 23rd, 2023. Considering the upper band price of Rs 35, the share could give a listing gain of 28% to investors," Manish Khanna, Co-founder of Unlisted assets, said.

From the markets standpoint the reiteration that tighter financial condition is a non-negotiable on the path towards inflation control is a marked difference from markets expectations of Fed’s giveaways. Hence, optimism priced into the risk markets is getting diluted by the “bumpy ride” guidance of the central bank.

The MSCI emerging market equity index has risen 2% since the start of the year, though those gains come in the wake of a 22% tumble in 2022 - the biggest annual drop for the benchmark since the 2008 financial crisis.

The consensus recommendation from 30 analysts for IGL is Buy. Out of these, 23 have strong buy and buy ratings, while only three have strong sell and sell ratings. The remaining four have a hold rating on the counter.

Global brokerage Jefferies sees a 17% Ebitda increase in FY24E with part of the benefit offset by higher operating costs. LPG profitability will be impacted by a sharp fall in international prices, it said, while raising the target price to Rs 110 and maintaining a Hold rating.

The stock quoted a 52-week high price of Rs 732.9 and a 52-week low of Rs 538.8.

Joshi also led the Finacle banking platform business and AI automation portfolio for Infosys. He was also responsible for the company’s internal Chief Investment Officer (CIO) function and Infosys Knowledge Institute and held executive responsibility for large deals across the company.

As of 31-Dec-2022, promoters held 51.14 per cent stake in the company, while FIIs held 17.34 per cent and domestic institutional investors had 20.56 per cent.

Moreover, to meet the immediate liquidity requirement the bank sold those long-dated securities at a loss of USD 1.8 billion. When depositors learned about it they queued up to withdraw the money at the earliest leading to further crisis.