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Until recently, imported steel was available at a significant discount to locally produced steel as suppliers from countries like Japan, China, Vietnam and South Korea allegedly dumped their products into the Indian market amidst weak global demand.

It is difficult to predict at this stage if this will lead to bigger damage, but this will lead to higher risk aversion in the system and anyone dealing with these banks will now come more into the limelight. The challenge to the stock markets at this stage will not be significant except if there is a case of continuous collateral damage.

Bajaj urged the government to continue to focus on enhancing the ease of doing business and reducing associated costs. To push reforms in areas such as land, labour, and power where both Centre and states have jurisdictions, a structure like the Goods and Services Tax Council can play an important role, he said.

​On Friday, a California regulator shut Silicon Valley Bank and appointed the FDIC as a receiver.​

Shares of Sona BLW were under pressure for the past few days, reacting to reports of a block deal. In the last five days, the stock has lost about 10.66%

A week ago, Powell surprised markets by saying the Fed may need to raise interest rates at a faster pace than the quarter-point hike it delivered in February to curb stubbornly persistent inflation. Days later, SVB and Signature Bank failed, and the Treasury and Fed launched a vast emergency lending facility saying more banks faced the risk of runs.

The collapse of Silicon Valley Bank raised fears of a fresh financial crisis, which sent oil prices tumbling. However, Chinese demand provided support, and prices recovered later in the day. In recent days, a weaker dollar, which makes oil cheaper for holders of other currencies, has lent some support to prices.

The payment of the second interim dividend will be made on or before March 31 to all eligible shareholders, whose names appear in the register of members as on record date.

The proceeds from the IPO will be used for funding additional working capital, investment in strategic acquisitions and other general corporate purposes.

Under the block deal, French multinational bank Societe Generale has bought about 64 lakh shares, according to the data available with the exchanges. The other buyers could not be ascertained