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The keenly contested transaction, now in the final stages of negotiations, pits Blackstone against Baring Private Equity Asia, the only other contender still in the fray and is likely to see listed Aurobindo getting split into two.

Consumer electronic companies will be forced to cut production from next month while companies importing finished goods from China may face inventory shortages too.

Of the amount, ₹3,100 crore will be used to increase EV manufacturing capacity at Suzuki Motor Gujarat (SMG) by 2025, while ₹7,300 crore has been earmarked for setting up a plant to start making batteries for EVs in 2026.

The city police, probing the Rs 5,400-crore National Spot Exchange Limited (NSEL) cheating case, have till date auctioned over a dozen properties of the accused and reimbursed Rs 731 crore to investors.

Accenture’s stellar performance continued into its second quarter ended February, and encouraged it to raise its revenue growth guidance for the year (ending August) to 24%-26%, from the previously announced 19%-22%.Accenture recorded new bookings of $19. Accenture recorded new bookings of $19.6 billion in the quarter, up 22% from the year-ago period, with consulting and outsourcing revenue of $10.9 billion and $8.7 billion respectively. Revenue grew 24% to $15 billion.

Telecom operators have also cautioned that any move to test and certify all 5G smartphones at accredited local labs would also hinder India’s ambitions of becoming a global handset manufacturing base.

Adani Transmission soared 37 per cent this year after zooming 295.89 per cent last year. This is even as the company reported a 40 per cent drop in December quarter profit. Key brokerages do not track this stock.

Ravi Singh, Vice President and Head of Research, ShareIndia said that after the Fed rate hike, investors are now profit booking and covering their positions in gold and could be diverting their investments from gold instruments to equity.

"Asia is probably more focused on a Reuters report that Europe is mulling an oil embargo on Russian oil. I’m not sure how that would work, to be honest. Oil is one asset class that is moving today because of that in energy-hungry Asia," said Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA.

The work order involves comprehensive design, engineering and project management consultant (PMC) services for various works. The estimated cost of the project is Rs 500 crore.