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There will be multiple rounds of bidding among resolution applicants until the highest bidder is identified. The highest offer of ₹5,231 crore from Piramal Enterprises-Cosmea Financial Holdings team for Reliance Capital and its units will be the base bid for the e-auction.

Last month the regulator announced a slew of changes in products, distribution, capital requirements, giving insurance companies the option to make their own choices, many of which required regulatory approvals before. India’s new business premium growth has been in double digits for the better part of the last decade and IRDAI’s easing of guidelines could extend the run, the consultancy said without quantifying how much it fasten growth by.

RBI had hiked repo rate by 50 basis points thrice after the 40 bps initial hike to start the tightening cycle in April

"The company proposes to offer rated, unsecured, redeemable, non-cumulative, non-convertible debentures aggregating up to Rs 500 crore in one or more tranches and in this regard, is holding a meeting of its duly constituted Committee of the Directors on Friday," Vedanta said in a filing to BSE.

Focus shifted to Georgia runoff election that could decide the fate of the Senate

The new company, to be headquartered in Mumbai, has over 6.7 million customers being served at over 3,600 branches across the country, barring Nagaland, by its 57,000 employees of which 6,000 were added after the merger announcement.

"Considering the unique nature of transaction and process involved in a PSU disinvestment spanning over a long period, such a requirement of determination of open offer price under the takeover regulations many a time acts as an impediment in fructifying such strategic disinvestment of PSUs,' Sebi has said.

Secondly, many stocks have rallied 20-30% from their respective lows, but they are still 15-20% away from their respective 52-week highs. In the meanwhile, the market has reached a new high. Second, fundamentally IT over the last two decades has handled and negotiated many macro crises brilliantly,

Dharmaj Crop Guard and Uniparts will be listed on the bourses in the next few sessions but their premia in the unofficial market have been retreating lately, considering the profit booking in the Indian markets.

Mixed global cues and concerns over the RBI monetary policy outcome on Wednesday prompted Indian indices to end Tuesday’s session with losses. Nifty ended at 18,643, down 0.31%, while Sensex declined 0.33% to close at 62,626.