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Later, MCX informed that it is in process of modifying the cotton contract specification and no fresh position would be permitted in cotton January 2023 contracts and the subsequent expiry contracts till such time the revised contract specification gets finalised.

“The reason we think next year is going to be worse than this year is because that is when we really see the consequences of all the monetary policy tightening that has happened around the world because as we know empirically it affects it with the lag and we will see that happening next year; but there is still a lot of uncertainty.”

The board of directors of the company, at its meeting held on November 2, 2022, had approved a proposal of the buyback of fully paid-up equity shares of the company through the tender offer route, at a price of Rs 350 per equity share for an aggregate amount not exceeding Rs 190 crore.

According to the data from BSE, investors made bids for 20,21,184 equity shares or only 23% compared to the 80,41,805 equity shares on offfer by 12.40 pm on Wednesday, December 14.

The Federal Open Market Committee is widely expected to raise rates by 50 basis points and bring its benchmark target rate to a range of 4.25% to 4.5%, the highest since 2007. Fresh quarterly economic projections released after the meeting will also shed light on how much further policymakers expect rates to go.

A total of 10,655 shares changed hands on the counter till 01:45PM (IST)

In its report, Morgan Stanley said YES Bank is moving in the right direction post 2020 NPA crisis. It stated that the bank has focused on reducing asset quality challenges by accelerating provisions and cleaning up its balance sheet organically as well as via asset sales. It expects gross impaired loans to fall to 9% by end of FY23 from a peak of 22% in March 2020.

As of 31-Mar-2022, promoters held 38.17 per cent stake in the company, while FIIs held 16.72 per cent and domestic institutional investors had 4.58 per cent.

Network 18 Media & Investments, incorporated in the year 1996, is a Small Cap company (having a market cap of Rs 7883.52 Crore) operating in Media & Entertainment sector.

“As per the current guidance, Paytm will turn profitable by Q2 of FY24 but in our assessment, the way the four quarters have shaped up, it may happen in Q3 and Q4 itself. Basically, if it is turning positive and the company has started giving a hint about what kind of capital allocation strategies they may have, that is a very positive sign for anybody who is looking at it from a long term perspective.”