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"This is likely to be a buy on dip market, albeit with a lot of volatility in the near term,” said Nilesh Shah, Group President & MD, Kotak Mahindra AMC.

“JS Auto will accelerate our diversification journey and enable in addressing the decarbonisation opportunity,” Amit Kalyani, deputy managing director at Bharat Forge said in a statement. This acquisition will significantly broaden Bharat Forge’s presence, capabilities and product offerings in the industrial space, he said.

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Earlier in the day, the ministry had held a stakeholder consultation with the private sector for discontinued/closed mines of Coal India. The consultation has attracted huge participation from the private sector, the ministry said in the statement.

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Richmond Fed President Thomas Barkin said the case for U.S. rate increases remained "robust," but also called the invasion an "unsettling" event that would force policymakers to think through what might happen.

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The SEC is investigating Morgan Stanley and Goldman Sachs , along with the U.S. Department of Justice, Reuters reported last week, citing a source with knowledge of the matter.

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As the Fed makes decisions on policy, Waller said, it must "urgently" watch the data, noting how few had foreseen how much inflation would rise in 2021, and his own surprise at how little the most recent COVID surge had slowed the economy.

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In an order last week, Sebi had penalised Ramkrishna and a few others for allegedly violating securities contract rules in the appointment of Subramanian as group operating officer and advisor to the MD. It said Ramkrishna was steered by a ‘yogi’ in the appointment of Subramanian.

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Vodafone sold 63.6 million shares held by unit Euro Pacific Securities at Rs 226.84 a share, bulk deal data released late Thursday night on the NSE showed. After the block deal, Vodafone UK’s stake in the telecom tower company reduced to 25.7%.

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Government policymakers took stock of developments on Thursday to assess the possible economic or financial fallout of the Russian attack on Ukraine. The mammoth LIC IPO is expected to take place next month.

LIC continues planned IPO roadshows

Updated at : 2022-02-25 08:35:02

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Insurance behemoth LIC has continued to hold roadshows, seven to eight daily, as part of scheduled presentations for potential investors. This indicates that LIC is going ahead with its IPO as of now.

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