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Meanwhile, crude oil processed by Indian refiners reached record levels in January, provisional government data on Wednesday showed, as the country boosted imports of Russian barrels that Western countries shunned.

Data on Wednesday showed U.S. manufacturing contracted for a fourth straight month in February, but there were signs that factory activity was starting to stabilise, with a measure of new orders pulling back from a more than 2-1/2-year low.

The euro is up 1.2% on the week and last bought $1.0667 with hotter-than-expected German inflation in February adding to pressure on the European Central Bank to raise rates following unexpectedly strong readings in France and Spain.

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Adani Group companies have faced a lot of criticism in the last few days due to their high net debt, among other issues.

Softbank is the single largest public stakeholder in the logistics company, and held 18.42% stake as of December-end, through its entity Svf Doorbell (Cayman) Ltd. Prior to Delhivery’s IPO, Softbank had acquired over 22% stake in the company

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Bajaj Finserv Asset Management Limited (BFAML) will be the investment manager of the MF business and Ganesh Mohan, who has been a part of Bajaj Finserv for 8 years as group head for corporate strategy, will lead the AMC as CEO.

The S&P 500 opened lower by 6.81 points, or 0.17%, at 3,963.34, while the Nasdaq Composite dropped 7.96 points, or 0.07%, to 11,447.58 at the opening bell.

Under the rule, monetary fines should be levied on brokers based on policy approved by MCSGF. However, in the instant case while no provision existed, in place of taking up the matter before MCSGFC for formulating policy, MCX imposed the penalty on its trading members under some other clause