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Benchmark indices traded in the green for the second straight session on Friday tracking positive global cues. Nifty at the close topped 17,100 levels, gaining 0.7%.

The buyback offer size represents 24.76% and 24.69% of the aggregate of the company’s fully paid-up equity capital and free reserves as per the latest audited financial statements of the company for the year ended March 2022, which is not exceeding 25% of the aggregate of the total paid-up capital and free reserves of the company.

The Japanese stock market ended higher on Friday, with banking and electronics stocks leading the way. The Nikkei index ended the day 1.2% higher at 27,333.79, while the broader Topix ended up 1.15% at 1,959.42. The Nikkei ended the week lower, amid a brewing banking crisis that sent bond yields plunging, while market participants sharply lowered expectations of future interest rate hikes in Western economies.

Moreover, while making hedging decisions, we tend to put an outsized weightage on spot. We do not give forward points (carry) and volatility due consideration. The interplay between spot, forwards, and vols can be difficult to assess if not done quantitatively

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Both companies will come together to combine Honda’s next-generation software architecture and control-safety technology with KPIT’s deep domain & software expertise in the areas of autonomous driving, vehicle electrification, in-vehicle infotainment systems and platform software.

A total of 590,102 shares changed hands on the counter till 02:16PM (IST).

Shares of Reliance Industries (RIL) have been under pressure for the past few days, trading near their 52-week low.

"The company is looking to pay a coupon in the range of 7.70%-7.75% but it will be finalised as they move closer to the bidding date," one of the bankers said.

Campa Cola is priced a bit cheaper compared to other beverages in terms of Pepsi, Coca-Cola or other colas as well. Is this is the beginning of a price war? Will that be something of a threat for these other companies? Campa Cola has not advertised for a few decades. The consumers who used to know Campa Cola may not be a very relevant customer base now because of the positioning of this kind of product. So those would be the bigger challenges.