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The offer-for-sale comprises sale of up to 1.74 crore shares by Rhine Holdings Ltd; up to 7.23 lakh shares by Kedaara Capital Alternative Investment Fund-Kedaara Capital AIF I; and up to 1.81 crore shares by Ravi Modi Family Trust.

“One has to be very careful in the consumer facing companies which are using commodity as a huge part of the costs as the commodity prices are going up. So barring those companies, one can see volume growth in the consumer companies.”

The Payments Council of India (PCI), the industry body for the digital payments ecosystem in the country, has written to the government urging it to roll back the zero MDR regime for UPI and Rupay debit cards transactions.

The ideal position would be to have at least 63 percent of total exposure of the External Commercial Borrowings (ECBs) hedged at the system level , said a research note from an RBI economist. Rules have however been evolving depending on the prevailing market conditions.

In terms of price movement, all of the top 50 cryptocurrencies corrected quite a bit. Near Protocol, Solana, Polkadot, Shiba Inu had a sizable decline over the previous week.

Ravindra Dhariwal, one of Future Retail’s three independent directors, described Amazon’s offer as a “smokescreen”, and said it was untenable as “all the diligence has been done to death—by Reliance Retail—and by the banks…”.

Brokerages have maintained a bullish view on ICICI Bank and raised target prices after the lender reported a 25% year-on-year rise in standalone net profit at ₹6,194 crore for the December quarter, beating estimates.

Indian benchmark HRC (hot-rolled coil) steel prices touched record high levels of Rs 70,875 in November last. However, due to cost pressure and destocking by the trade market, the prices have been falling globally and in India, steel prices softened to touch around Rs 67,000 a tonne in January.

ICICI Bank has informed the stock exchanges that independent director Rama Bijapurkar, who said on Friday that she was stepping down due to conflict of interest, had acquired 4,900 equity shares of the bank on January 5, when the trading window for insiders was closed.

With the US markets enjoying one of their best years in 2021 (S&P 500 gained over 27% in 2021), investments by Indians in US stock markets more than doubled with Indians investing to the tune of $300-500 million across top wealth management platforms.