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“This partnership brings together two investment managers that can leverage on their strengths of investment expertise to provide the best value to their respective investors,” said Shamit Chokshi, head of international business at ICICI Prudential AMC.

IDBI Trusteeship sold 10 crore shares of GTL Infra on BSE and 25 crore shares on NSE at Rs 2.03 and Rs 2.04 apiece, respectively.

Registering its fifth session of gain on Thursday, the 30-share BSE benchmark jumped 85.26 points or 0.14 per cent to settle at 61,235.30.

The public sector undertaking has made a turnaround in the last three years and posted Rs 609 crore revenue in 2020-21, he said.

New curbs to curtail the third wave of the Covid-19 pandemic in India, as well as GST costs and surging retail inflation, are seen as reasons for the lack of discounts on Swiggy and Zomato.

The bolstered plan is likely to focus on convergence in capex by the Centre and the states as well as various ministries and departments, apart from a higher allocation to the capital budget.

The move comes after the company on Tuesday decided to convert its interest on deferred spectrum and adjusted gross revenue (AGR) payments into government equity, giving the government a possible 35.8% stake in the company.

Executives said there is a 10-15% impact on operations of distributors, wholesalers and retailers in the fast-moving consumer goods industry with several people falling sick mostly in the cities where the spread of infection is more.

The dollar headed for its largest weekly fall in eight months on Friday as investors trimmed long positions and deemed, for now, that several U.S. rate hikes this year are fully priced in. In a week where data showed U.S. inflation at its hottest since the early 1980s, selling has forced the greenback through key support against the euro in particular and traders seem content to lighten their bets until a clearer trend emerges.

HCL Tech, Tinplate Company, Onward Technologies, Swasti Vinayaka Synthetics, International Travel House and Gujarat Hotels are among the companies that will announce their December quarter results today.