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Economic data also released on Wednesday revealed that U.S. job openings fell less than expected in November, though a survey from the Institute for Supply Management (ISM) showed that U.S. manufacturing activity contracted again in December.

One reason we are more constructive on equities in 2023 is the big drop in sentiment during 2022,” Bank of America’s strategists including Savita Subramanian wrote in note to clients. “It has been a bullish signal when Wall Street strategists were extremely bearish, and vice versa.

Based on the submissions made by the company and its commitment to strengthen its recovery practices and outsourcing arrangements, tighten the process of onboarding third party agents and strengthen accountability framework as per its Board approved action plan, the RBI has informed the company of its decision to lift the restrictions.

On Wednesday, the resolution applicants submitted a resolution plan to the administrator, giving details about the upfront and deferred payments, employee payments, trade creditors and other conditions.

RBI, in the annual report of ombudsman scheme, said that its consumer education and protection department is working towards extension of the scheme to HFCs. This may be done by March 31, 2023. Last year, the coverage of the integrated ombudsman scheme was extended to credit information companies and the non-scheduled urban cooperative banks with a deposit size of Rs 50 crore or above.

"There was no other bidder so one can now say Ares has won the bid. Banks are still working on internal processes to take approvals to give the go-ahead for the takeover by Acre, and the process will take a few more days," said a person familiar with the exercise.

After the deal goes through, Ant -- in which ecommerce titan Alibaba has a stake -- will have contributed a total of 9.25 billion yuan and control half of its shares

“Participants noted that, because monetary policy worked importantly through financial markets, an unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability,” according to minutes of the Federal Open Market Committee’s Dec. 13-14 meeting released in Washington on Wednesday.

Underpinning Apple’s valuation is the hope that the company still has major growth opportunities ahead. Services have been a key area of expansion in recent years and now represent more than a fifth of revenue. The company also is working on some big swings, such as a mixed-reality headset that could be unveiled as soon as this year and an electric vehicle.

That was the weakest reading since May 2020, when the economy was slammed by the first wave of COVID-19 cases, and pushed the index just below the 48.7 level, which the ISM says is consistent with a recession in the broader economy.