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The company’s collections in India rose 24% to Rs 2,375 crores, while net debt reduced to Rs 8,796 crores.

The total investment in the business over the initial years, including debt, is estimated to be Rs 2,200 crore. Actis will own a majority stake, and Mahindra Lifespaces will have a significant minority stake.

Bharat Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 67561.38 Crore) operating in Gas & Petroleum sector.

Airline executives said that the fund will be used to make lease payments to induct new Boeing 737 Max aircraft and clear outstanding statutory dues like the employee provident fund. "This will take care of the survivability question of the airline once and for all," said an airline executive.

We believe the parties may offer to shut channels but overall revenue impact could be minimal as these channels may be based on a push demand and not pull demand by customers, said Karan Taurani from Elara Capital. He maintained a positive stance on Zee.

Gold and silver prices settled lower on Wednesday, after posting solid gains in the previous two sessions, said Rahul Kalantri, VP Commodities, Mehta Equities. "A strong rebound in the US dollar index, along with a significant rise in US Treasury yields, are the bearish market elements working against the bullion.

The telecom stock staged a smart rebound after hitting its 52-week low of Rs 629 on 14 July 2022. The stock consolidated near Rs 750 levels in the last week of September but managed to break above Rs 800 in October.

Citi also said the possibility of further supply disruptions, potential reshuffle of trade flows amid the upcoming Russian oil price cap and European embargo, and deteriorating macro-economic environment would continue to drive volatility through the winter and 2023.

A total of 1,306 shares changed hands on the counter till 11:31AM (IST)

HSBC initiated buy coverage on Kalyan Jewellers with a target price of Rs 125. The global investment bank is of the view that expansion outside South India is key to unlocking value. Kalyan plans to aggressively build out its jewellery stores. Higher-margin markets outside its home base of South India.