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Oil prices climbed on Wednesday, extending big gains in the previous session after the U.S. Federal Reserve chief signalled the central bank may raise rates more slowly than expected, which should support oil demand in the near term.

Stocks and commodities rose in relief and the dollar hit a six-week low on Wednesday, after Federal Reserve Chair Jerome Powell sounded less hawkish than expected in testimony to Congress, as he charts a path out of pandemic policy settings.

Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 8328.03 Crore) operating in Pharmaceuticals sector.

SJVN has bagged the projects through tariff-based competitive bidding process conducted by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), a company statement said. It has been issued Letter of Intent (LoI) by UPNEDA for developing a 75 MW grid connected solar power project at Gurhah, in Jalaun district, and 50 MW grid-connected solar power project at Gujrai, in Kanpur Dehat district.

While giving telcos time till January 12 to take or reject the offer, the DoT had said shares of telcos opting for conversion would be held through the Unit Trust of India, or by any trustee type or other suitable arrangement, which may be worked out by the government.

The state-run insurer plans to file the draft IPO prospectus in the week starting Jan. 31, which will provide the embedded value of LIC as well as the number of shares on offer, the people said, asking not to be identified as the deliberations are private.

"Inflation is running very far above target. The economy no longer needs or wants the very accommodative policies we have had in place," Powell said in his testimony.

JPMorgan shares, for instance, have slipped for five straight quarters on the day it reported results. Shares of Citi and Wells Fargo have declined on earnings day in 6 of the last 8 quarters.

Gold prices were flat on Wednesday, as traders focused on U.S. inflation data for rate clues after less hawkish comments from the Federal Reserve chief fuelled a bullion rally last session. Spot gold was little changed at $1,819.51 per ounce by 0135 GMT. U.S. gold futures were up 0.1% at $1,819.80.

Tata Consultancy Services, Infosys, Wipro, Tinna Rubber and Indbank Merchant Banking are among the companies that will announce their December quarter results today.