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The resolution professional, Saurabh Kumar Tikmani backed by KPMG, invited lenders last week to vote on the resolution plans given by the PFC-REC team, Adani Power and Reliance Industries. The voting will end on December 30.

Market capitalisation of Suven Pharma, as on Friday, was ₹12,682.43 crore. ET was the first to report on the sale on December 23. Advent is using Cohance Lifesciences as the vehicle for the acquisition. The platform was created last month for its active pharmaceutical ingredient (API) and contract development and manufacturing businesses comprising three portfolio companies - RA Chem Pharma, ZCL Chemicals and Avra Laboratories.

Chanda Kochhar and her husband Deepak Kochhar were arrested by the Central Bureau of Investigation (CBI) last week in connection with alleged cheating and irregularities in loans sanctioned by ICICI Bank to Videocon Group companies. A special court in Mumbai on Saturday remanded both of them to CBI custody until December 26.

None of the major global indices have managed to muster gains in this brutal year, including the Dow Jones (down 9.24 per cent in 2022 so far), FTSE 100 (dipped 0.43 per cent), Nikkei (shed 10.47 per cent), Hang Seng (lost 15.82 per cent) and the Shanghai Composite Index (dropped 16.15 per cent).

Harshubh Shah became a star trader by looking at the stars: "Financial astrology begins where technical analysis ends. This is one thing that you cannot explain to someone till he or she experiences it or believes in it. It is difficult to digest. I used to think that it was rubbish. In technicals, you cannot predict time but in astro you can."

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From the options front, sharp decline post Fed meet has resulted in heavy Call writing at ATM and OTM strikes. While the put base is at ATM 18,300 strike, Call bases are much stronger at 18,400 and higher strikes. Hence, a move above 18,400 should be looked for fresh longs in the index.

Piramal Realty is developing around 12,000 apartments, covering 13 million square feet area, in phases across four residential projects in Mulund, Thane, Mahalaxmi and Byculla in the MMR. Sawhney said the company is focusing aggressively on delivery. It has already started handing over the first set of 1,000 apartments to its customers totalling about 1 million square feet.

ONGC Board presently has six directors for exploration, onshore operations, offshore operations, finance, human resources and technical and field services. It used to be headed by a chairman and managing director. The government earlier this month appointed Arun Kumar Singh, who had recently retired as head of oil refining and fuel marketing company BPCL, as the chairman of ONGC but not as its managing director.

“As an asset class, crypto is effectively nonexistent for most large institutional investors,” Jared Gross, head of institutional portfolio strategy at the bank, said on this week’s episode of Bloomberg’s “What Goes Up” podcast. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging.”