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This is the second time Securities and Exchange Board of India (Sebi) has extended the deadline to comply with the rules

The stunning collapse of Sam Bankman-Fried’s FTX crypto empire, followed by his arrest in the Bahamas and extradition to the US last month, is rippling through parts of the banking industry

Marico said that during the quarter, the FMCG sector witnessed some improvement in demand, which was more visible in specific categories buoyed by the festive fervour and oncoming winter season.

"Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer of BSE," the exchange said in a release on Wednesday.

The Dow Jones Industrial Average fell 78.05 points, or 0.23%, at the open to 33,191.72

Against this backdrop, the watchdog has decided to provide relaxation till September 30, 2023, from LODR (Listing Obligations and Disclosure Requirements) Regulations, pertaining to dispatching of hard copies of the annual report to shareholders, according to a circular.

The consent has been given on the condition that the government’s voting rights in the lender should not exceed 15% of the total voting rights of the bank, IDBI Bank said in a release

The Nifty IT index closed 0.52 per cent down at 28527.75.

Fed officials projected in December that the main interest rate, currently in the 4.25%-4.50% range, would rise to just over 5% in 2023 and likely remain there for some time.

Helping drive the gains on Thursday was a statement from top U.S. pipeline operator Colonial Pipeline, which said late on Wednesday its Line 3 had been shut for unscheduled maintenance with a restart expected on Jan. 7.