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Gold prices reach near-record levels after the U.S. Federal Reserve raised interest rates by a predicted 25 basis points but hinted it may pause the next interest rate increase. The price of spot gold rose 0.8% to $2,055.54 per ounce and U.S. gold futures increased by 1.3% to $2,063.20 per ounce. The Fed raised its overnight interest rate, but said it will watch incoming data to determine whether more hikes will be needed. The fall in the dollar index by 0.2% made greenback-priced gold more affordable for overseas buyers.

Oil prices fell over 1% after the US Federal Reserve raised interest rates and concerns were raised over a weak global economy that could dampen energy demand. Brent crude futures dropped 1.1% to $71.57 a barrel and US West Texas Intermediate crude fell 1.5% to $67.60. Both Brent and WTI have declined more than 10% since the start of the week. Investors are looking to see how the European Central Bank will respond after it announced it would raise rates for the seventh consecutive time.

If the committee finds any merit then the proposal can be taken for further discussion through a consultation paper,” Ananta Barua, whole time member, Sebi, said at the CII Mutual Fund Summit. Barua said a performance linked incentive is part of various other proposals, related to the total expense ratio, being reviewed by the regulator.

In its petition, Sankalp has cited illegality in the process, alleging that the consortium was given a "back door entry" after the initial challenge round in which they had bid individually.

"If there is persistent market dysfunction and if market participants face serious stress in funding, maybe the RBI will come out with a 3-day or a shorter-term repo. They will be available in that situation," a source said.

​​In an exclusive interview with ET, CEO and cofounder Brian Chesky spoke about India being one of the biggest growth markets of this decade, the launch of Airbnb Rooms and sweeping new upgrades based on community feedback, global inflationary pressures and their impact on travel and bouncing back from the Covid-19 pandemic.

IndiGo enjoys more than 55% market share, retaining its number one position. The airline is expected to gain further foothold in the Indian aviation sector. Unlisted Air India and Vistara, both Tata Group airlines stand at second and third spot with a market share of 8.9% and 8.7%, respectively.

For the year ending March 31, the standalone profit grew by 24% to ₹2,666.2 crore from ₹ 2,146.7 crore registered in the corresponding quarter of last financial year.

Various organisations have estimated the total financing requirements for India, ranging from $44 billion to $170 billion per year until 2030, to reach net zero emissions by 2070. The RBI states that the required investment amount would rise if the horizon to achieve the net zero target is shortened.

The practice makes "it tough for the average investor to understand what the aggregate ESG score stands for" the RBI said in its Report on Currency and Finance 2022-23.