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Oil prices are set to post their biggest weekly drop in months, since traders expect it will be months before the benefits of China easing COVID controls feeds through to demand.

Paytm, said its board of directors will meet on December 13 to consider a proposal for a buyback of its shares.

Several banks, along with industry bodies representing money and currency market dealers, met on Wednesday to discuss the probable fallout on financial markets if the RBI and the European Securities and Markets Authority (ESMA) fail to sort out their disagreement.

Foreign exchange analysts are not ruling out the likelihood that some forward contracts that RBI had to honour would have come up for maturity. That could also have led to the addition of spot-dollar reserves. RBI Governor Shaktikanta Das has also underscored the focus on building up forex reserves to deal with uncertain external financial conditions.

Businesses are typically structured as corporates or trusts. The VCC is a specialised structure intended for the asset management industry specifically.

Trent is divesting its stake of around 3.22% of Tata Unistore on a fully diluted basis to Tata Digital. The shares of TUL will be sold to TDPL for a total estimated value of ₹24.14 crore, with no consideration of cash, but in the form of Compulsorily Convertible Preference Shares of the promoter group company.

Once done, this would be the second largest hospital buyout in India after the IHH-Fortis transaction in 2018. This transaction will also give a presence in the South Asia healthcare market for Blackstone.

The proposed IPO will value the retail chain at Rs2500 crore

The three-day long primary offering will conclude on December 15, Thursday. Investors can make a bid of minimum of 55 equity shares and its multiple thereof.

The Dow Jones Industrial Average rose 98.05 points, or 0.29%, to 33,695.97 at the open