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In its letter to Sebi sent on October 28, and accessed by ET, Oyo has written that no restriction has been imposed on Oyo from changing its shareholding pattern either by the Supreme Court-appointed arbitrator’s award in the matter or by Delhi High Court.

“In the immediate term, we have taken some price increases and so might not be taking price increases at least this quarter. ”

For gold, silver, and diamond, demand growth rate in Tier-II cities remained higher than Tier-I cities. In terms of gold, the demand growth rate in Tier-II towns (24 per cent) remained marginally ahead of Tier-I cities (22 per cent).

According to some markets, investors have penciled 500 basis points of rate hikes by central banks of the Group of 10 countries in 2022 with the Bank of England and US Fed expected to lead the way.

The company saw Return on Assets (ROA) at 7.43 per cent and Return on Equity (ROE) at 14.09 per cent during the first half of the year, the company said in a statement with its quarterly and half-yearly result on Friday.

The lender had a consolidated loan portfolio of Rs 7381 crore at the end of September while it was Rs 6315 crore on a standalone basis.

In another transaction, Davos International Fund sold 125,438 shares of Kavveri Telecom Products at Rs. 6.25 apiece through a bulk deal on the NSE.

The Rs 800-crore IPO is entirely an offer for sale of shares worth Rs 710 crore by Evergraph Holdings Pte Ltd and shares to the tune of Rs 90 crore by KA Joseph.

The total revenue during July-September 2021 increased 12 per cent year-on-year to Rs 2,237 crore as against Rs 2,000 crore in the year-ago period, primarily due to an increase in short-term sales and higher other income.

"Markets had run up so there was a need for a pullback. There are darker clouds on the horizon in terms of inflationary pressure and rate hike environment developing in emerging markets," said Nilesh Shah, MD at Kotak Mahindra Asset Management Co.