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The average number of stocks hitting their 52-week lows in the five preceding trading sessions rose to 56 as opposed to merely 19 for the rest of this month

The S&P 500 has dropped over 9% so far in 2022, while the tech-heavy Nasdaq stands in correction territory after a nearly 15% fall. The market sank again this week after the Federal Reserve signaled it is likely to raise U.S. interest rates in March before shrinking its balance sheet later in the year.

He said Airtel’s pact to make handsets more affordable in a tie up with Google and handset makers has no exclusivity element to it. Airtel will not make handsets or offer subsidies but will make them affordable through lending programmes targeting feature phone customers, and other elements, he said.

Tata Sons on Thursday availed of a Rs 10,000-crore loan from SBI and a Rs 5,000-crore loan from BoB, people aware of the matter said. The loans are unrated, unsecured, and pegged at 4.25% [interest rate] annually, the person said.

To make the business profitable, the automobile-to-aviation conglomerate should have a single airline entity instead of three, increase ticket prices by at least 15%, rationalise capacity by chopping off loss-making routes, get rid of the Boeing 777 planes in their current configuration, and concentrate on the international product, experts said.

"The acquisition, which comprises nearly 5 million sq ft of office assets in Old Pallavaram, Chennai, is expected to take around six months and is under review," said two people aware of the deal. The property is currently under construction and has 1.4 million sq ft of completed and leased space to clients like BNY Mellon, Accenture and Wells Fargo.

The expectations-beating results offered signals that the coronavirus-era tech boom may not be quite over yet, even as diminishing growth shadows firms like lockdown lifestyle champ Netflix.

The Google-Airtel deal will counter Microsoft Azure and Amazon Web Services in India’s cloud space by bringing online lakhs of small and medium businesses—a stronghold of the Indian telecom major.

The capex guidance is Rs 1,000 crore higher than the earlier guided capex of Rs 4,500 crore at the beginning of the fiscal. The company plans to spend Rs 3,000 crore in the ongoing last quarter of the fiscal alone, almost twice the capex last year, said people aware of the matter.

The ₹3,150-crore initial public offering (IPO) of ethnic apparel retailer Vedant Fashions will open for subscription on next Friday (February 4). The Kolkata-based company will sell its shares in the range of ₹824-866. The issue is entirely an offer for sale (OFS) of 3.64 lakh equity shares of Re one face value by promoters and existing shareholders.