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Revenue for the July-September quarter grew 20.7% year on year to Rs 13,129 crore. On a sequential basis, profit was up 13.6% while revenue grew 3.3%.

Last month NARCL accelerated the pace of its activities after struggling for over a year to acquire bad loans. It has offered to buy six loans such as Jaypee Infratech, Mittal Corp, Consolidated Construction Consortium Ltd, SSA International, Meenakshi Energy and Helios Photo Voltaic Ltd. In all, it plans to acquire 18 accounts this quarter totalling ₹39,921 crore debt,

Compared to September, overall crude import went up 5% in October and that from Russia rose 8%, according to Vortexa, an energy intelligence firm that has offices in Singapore and London and tracks oil and gas tankers across the globe, providing freight and inventories analytics.

In a further positive sign for demand, data on Tuesday from the American Petroleum Institute showed crude stocks fell by about 6.5 million barrels for the week ended Oct. 28, according to market sources.

Growing expectations the central bank may have enough justification to begin slowing in December -- partly due to data pointing to a weakening economy and a corporate earnings season that has been better than expected -- helped stocks rally in October, with the Dow notching its biggest monthly percentage gain since 1976.

Adani Transmission, P&GHH, Dalmia Bharat, M&M Finance, Relaxo Footwears, Grindwell Norton, Kajaria Ceramics, EIH, Redington India, Triveni Turbine and KSB are among the companies that will announce their results for September 2022 quarter today.

The rupee depreciated about 10% this year as the dollar gained strength against all major currencies, triggering the risks of large capital outflows from the emerging economies which can have a destabilising effect on trade and finance. The rupee closed Tuesday at 82.73 against the dollar as compared with the 73.8 level in early January.

State Bank of India (SBI), Bank of Baroda, ICICI Bank and IDFC Bank are among the nine participating lenders that are said to have cut the inaugural CBDC deals for settlement of trades in g-secs, three people familiar with the matter told ET.

The government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners due to high global crude and product prices.

India’s fifth largest software exporter also warned of currency and demand-related challenges in its key Europe market