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Marketmen tracking the sector are anticipating higher allocation towards production linked incentive (PLI) schemes for the healthcare sector for capacity building of sensitive APIs, complex excipients, drug intermediates, biopharmaceuticals and medical devices.

The strongest argument for reducing customs duty is related to what it can do for the economy, chiefly through employment generation and export promotion. However, for this to come about, we must turn away from the bean counting around forex outflows to the positive externalities that would likely present itself over time.

Most analysts are bullish on the edible oil major’s prospect after listing and advise investors to subscribe to the issue.

Investors fear there may be still more to come. Some on Wall Street worry that on Wednesday, the Fed may signal a forthcoming half-point increase in its key rate.

The FOMC will discuss how and when to shrink its balance sheet

The blue-chip CSI300 index rose 0.7% to end at 4,712.31, while the Shanghai Composite Index gained 0.7% to 3,455.67.

“In the offline world, if one does not have GST, one is allowed to sell, but not in the online world. I really feel that this is one of the biggest blocks stopping small businesses from really going online and becoming successful.”

Jhunjhunwala held 2,90,97,400 shares or a 1.60 per cent stake in Canara Bank as of December 31, valued at roughly Rs 650 crore.

The crypto market is closely observing the result of the US Federal Reserve’s two-day policy meeting later in the evening. The Fed is expected to hint at an interest rate hike in March to fight inflation.

Spot gold held its ground at $1,846.87 per ounce, as of 0325 GMT, after hitting its highest level since Nov. 19 on Tuesday. U.S. gold futures were down 0.3% at $1,847.50.