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The big and sudden shift in demand from the pumps of private players to public companies caused great inconvenience to customers in some places during the summer while adding to the losses state companies were already incurring due to the retail price freeze.

Top car manufacturers such as Maruti Suzuki India, Mahindra & Mahindra, Hyundai and Tata Motors are increasing output by more than 15-20% on a year-on-year basis with component supplies easing up.

The ‘India Semiconductor Market Report, 2019-2026’, a joint research by the India Electronics & Semiconductor Association (IESA) and Counterpoint Research, observed that India is poised to be the second largest market in the world in terms of scale and growing demand for semiconductor components across several industries and applications.

Investors have also been optimistic lately that the Federal Reserve can achieve a soft landing for the economy as it tightens policy and raises interest rates to reduce decades-high inflation.

An extended Reuters poll showed on Tuesday that crude inventories likely dropped by around 300,000 barrels last week and gasoline stockpiles likely fell 1.1. million barrels, while distillate inventories rose.

State-owned power giant NTPC floated a tender to raise Rs 5,000 crore term loan from financial institutions. As per the document, the bids can be submitted till 1100 hours on August 31.

The government is exploring the option of having a single charging port - USB Type-C - across all mobile devices including laptops, smartphones, feature phones, and IoT (internet of Things) devices, according to industry executives.

"He used to say your patience will be tested but your conviction will be rewarded. He helped us appreciate the power of time, the power of compounding and the parabolic nature of risks and returns in all walks of life."

Oil is under $90 a barrel, and consumers are benefiting. Geopolitics, the economy and unforeseen events will determine whether the relief will last.

The company said it incurred losses primarily due to "provision for diminution of investments, doubtful provision for receivables, the lower sales volumes, finance costs and depreciation".The exceptional items for the quarter and year ended March 2022 include provision for diminution of investments aggregating to Rs 480.64 crore