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The retailers expect a much shorter disruption due to the third wave of Covid after witnessing an improvement in consumer sentiment last quarter. All of them said they will accelerate expansion plans in next few quarters.

While lenders are unanimous on this step, differences have emerged among them on a proposed debt restructuring with some private and foreign lenders unwilling to commit to any new loan recast proposal.

Gold prices were steady on Wednesday near a two-week high scaled in the previous session, as inflationary risks and Russia-Ukraine tensions underpinned the safe-haven metal, despite the prospect of an aggressive rate hike by the U.S. central bank.

Tata Teleservices (Maharashtra) reported widening of losses to about Rs 302 crore for the quarter ended December 2021 .

MakeMyTrip said its attempt is to grow TripMoney, a 100% subsidiary, as an independent fintech arm of the company that will gradually evolve into a separate app for non captive customers.

Sachin Bansal’s financial services company Navi Technologies is gearing up to list on the Indian exchanges, having converted itself into a public company, according to regulatory filings shared by business intelligence platform Tofler.

The company had in November said that it would consider the hiving off and separate listing of its aluminium, iron and steel, and oil and gas businesses as standalone entities. “The board of directors concludes that the current structure is optimal and is commensurate with the current scale and its diversified lines of businesses,” the company said in a press statement.

The SPVs are involved in separate legal proceedings with SBI. One of them, Coruscation Vidyut Vitaran (Ujjain), which was earlier known as Essel Vidyut Vitaran (Ujjain), is facing proceedings at debts recovery tribunal under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act.

India’s central bank is set to stick with baby steps to policy normalization, as it is seized by the need to anchor borrowing costs for the government in addition to supporting a durable recovery in Asia’s third-largest economy.

Ether, the second-largest digital currency in terms of market capitalization, touched a three-week peak of $3,180 and was last up 3.1% at $3,153.21.