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The company will be investing ₹180 crore in lights and fans seller White Teak for a 49% stake. The company will acquire the remaining 51% in the company over the coming four years in two tranches.

Crypto-exchange executives, lawyers and tax analysts warn that the TDS will suck liquidity out of the market by forcing high-frequency traders to dramatically curtail their trading. Combined with the government’s decision not to permit offsetting of trading losses in digital assets, it threatens to accelerate an exodus of crypto companies and workers from India, they say.

For the quarter, the S&P 500 fell 4.9%, the Dow lost 4.6% and the Nasdaq declined 9.1%, but for the month the S&P 500 rose 3.6%, the Dow gained 2.3% and the Nasdaq advanced 3.4%.

Last year, FRL had entered into a One Time Restructuring (OTR) scheme for COVID-hit companies with a consortium of banks and was under obligation to raise Rs 3,900 crore before March 31, 2022 by way of equity contribution.

As far as earnings are concerned, IT stocks seem to be on a strong footing. Numbers released by Accenture last month surpassed its expectations, which bodes well for the industry as a whole.

The Enforcement Directorate (ED) said the company is listed on the Bombay Stock Exchange (BSE) and has an authorised dealer category-II licence issued by the Reserve Bank of India (RBI).

In another transaction, Lok Prakashan, the publisher of Gujarat Samachar--a Gujarati newspaper, bought 1,04,871 shares in Star Paper Mills at 172.94 per share.

“This year, 15-18% might require a little bit of tampering because one or two quarters might see margin pressure but our expectation is simple that this is a one-off event and we might not see the oil prices or the other commodity prices at such an elevated level for a very long time. For the next two years, 15-16% earning growth is possible.”

The Dow Jones Industrial Average rose 62.54 points, or 0.18%, at the open to 34,740.89.

The lender said during the quarter ended March 31, it assigned individual loans amounting to Rs 8,367 crore compared to Rs 7,503 crore in the corresponding quarter of the previous year. This means a jump of 11.51 per cent.