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In his book, ‘The Custodian of Trust’, the former SBI chairman has provided some behind-the-scenes glimpses of what went into resolving something that appeared as a Lehman Brothers moment for India. It was during his tenure that the financial sector was hit by the triple failure of IL&FS, DHFL and Yes Bank.

Oil prices rose on Thursday to extend gains from the previous session as U.S. crude and fuel inventories tightened further, with supplies of gasoline hitting a two-year low, pointing to strong demand. Brent crude futures climbed 17 cents, or 0.2%, to $85.99 a barrel at 0040 GMT, after rising 0.9% the previous day.

Asian Paints, JSW Steel, BPCL, IndusInd Bank, ICICI Lombard, Mphasis, IDBI Bank, Macrotech Developers, Concor and IEX are among the companies that will announce their September quarter results today.

FRL had been arguing that it has not singed any agreement with Amazon and had maintained that it was FCPL that had signed a shareholder agreement with the US giant while Amazon in 2019 invested about Rs 1,400 crore into FCPL that own about 9.8% in FRL.

The Reserve Bank of India has imposed monetary penalties on two payment system operators - Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services (WUFSI) - as deficiencies were found in regulatory compliance.

Net profit dropped to Rs 223 crore in the quarter ended September 2021 from Rs 248 crore a year ago largely due to a 12 per cent fall in interest income to Rs 2903 crore from Rs 3282 crore a year ago.

Sequentially, profit was up 43.7 per cent and revenue grew 1.7 per cent on account of a gradual recovery across both data and voice segments.

Sebi in its investigation noted that they are repeatedly executing synchronised trades and created a misleading appearance of trading in the scrip without any intention of change in ownership of the security.

Revenue from operations rose over two-fold to Rs 642.07 crore from Rs 296.98 crore in the corresponding quarter of the previous fiscal.

There are possibilities of Nifty50 trying to get some stability after two days of wide-ranging moves. The levels of 18290 and 18335 are likely to act as resistance. The supports are likely to come in at 18200 and 18165.