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Reserve Bank of India (RBI) data showed that overall credit card outstanding remained stable at ₹1.1 lakh crore. September credit card spends surpassed ₹80,000 crore, crossing the monthly peak spends seen in March of ₹72,300 crore.

The group, headed by patriarch R Thyagarajan, is expected to approach the respective boards and shareholders in the next fortnight.

The market for NFTs, or non-fungible tokens (NFT) – a type of crypto asset in which each token is entirely unique – is picking up in India with several celebrities such as Amitabh Bachchan, Kamal Haasan and Salman Khan jumping on to the bandwagon.

TVS is said to have roped in an investment banker to advise it. The exact amount of investment and the valuation is yet to be firmed up.

The company has decided to allocate a total of 79,06,473 equity shares to 53 anchor investors at Rs 1,180 apiece, aggregating the transaction size to Rs 932.96 crore, according to a circular uploaded on BSE website.

Operation profit of Ujjivan SFB fell 69 per cent at Rs 71 crore against Rs 230 crore over the same period.

In another transaction, PGIM India Mutual Fund bought 500,000 shares of Kirloskar Pneumatic at Rs. 397 apiece through a bulk deal on the BSE.

Total income also fell to Rs 1,059.22 crore in the second quarter of this fiscal year from Rs 1135.94 crore in the corresponding period of the previous year.

The maker of Coke and Thums Up soft drinks and Kinley water further reported a 28 per cent decline in net profit at Rs 443 crore during the same fiscal, a year severely impacted by the outbreak of the Covid-19 pandemic.

Tuesday is likely to see the levels of 18130 and 18190 acting as resistance points. The supports come in at 17980 and 17900 levels.