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The stock respected its prior highs connecting the rising trendline, as it reversed before testing that line. Though, the stock rose to a lifetime-high of Rs 2,914 on 13th March 2023, later reversed and formed a bearish engulfing pattern right after multiple indecisive dojis on the daily timeframe chart.

Higher inflation has been a concern for central banks across the world, including India, as the uncertain nature of the Russia-Ukraine war compounded supply-side disruptions in the post-pandemic world that was barely going through a nascent recovery from economic shocks.

It was a wild ride for markets last week. Expectations for Fed rate increases surged in the wake of hawkish comments by Chair Jerome Powell, only to be reversed as fears around the banking sector and a mixed report on jobs helped fuel a rally in Treasuries. By week’s end, the market was back to pricing a quarter-point Fed hike as the most likely outcome, having at one stage come around to the idea of a half point.

The proceeds from the potential bond issue will be used to replace the existing loans with lower priced borrowings. Ratan Jindal is amongst four sons to whom their father OP Jindal bequeathed parts of the Jindal steel empire. Sajjan Jindal, Naveen Jindal and Prithviraj Jindal are his siblings.

ATL wishes to continue its growth in the bulk transmission system, which is to carry bulk electrons. And it also wishes to play a role on the retail side. Retail typically is known as power distribution, and therefore you see our venture in Mumbai and Kutch. That will continue to grow. We will also add more areas across India as a second licensee or as a private distributor., says managing director Anil Sardana.

The five accounts comprise Xrbia Developers with a debt of ₹435 crore, Xrbia Chakan Developers with ₹164 crore, Xrbia Warai Developers with ₹156 crore, Xrbia Ambience Realty LLP with ₹107 crore and Eiffel Lifespaces with ₹18 crore debt. L&T Finance has invited offers under the 15:85 structure, which involves 15% of the consideration as cash and the remaining 85% as security receipts (SR) payable on recovery of the loans from the borrower.

Minister of state for finance Pankaj Chaudhary, in written replies to various questions asked by parliamentarians, stated that the government has not constituted any committee to investigate the allegations made against the Adani Group of companies by short-seller Hindenburg Research of the United States.

Regional Rural Banks (RRBs), once considered laggards in the banking ecosystem, are slowly coming into their own. For the first time, banks are now considering listing these lenders on the local stock market after the government issued relevant draft guidelines last October.

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.