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Macrotech Developers has acquired the land parcel along with a co-investor company Home Crest Constructions. The deal, for which Lodha has paid stamp duty worth Rs 5.60 crore, was concluded and registered on July 11, showed the documents accessed by ET. Poonawalla Constructions, which had been holding this land parcel for a long time, counts Serum Institute’s Cyrus Poonawalla’s brother Zavareh Poonawalla as a partner.

The yield on 10-year Treasury notes also slipped, reducing the opportunity cost of holding non-interest bearing gold. The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming

Titan, M&M, Nykaa Paytm, Alkem Labs, Petronet LNG, NMDC, AB Fashion, Motherson Sumi Wiring, Fortis Healthcare, Pfizer, IRB Infra and UCO Bank are among the companies that will announce their earnings for the quarter ended June 2022.

The offering, which included bonds with maturities ranging from five years to 40 years, received over $30 billion of orders from investors, the sources said. They added the demand was skewed towards the longer-dated bonds.

Musk said Tesla might announce another factory site this year, and it expects to have about a dozen in the future. Currently the company has assembly plants in Fremont, California; Austin; Berlin and Shanghai. Musk joked that many had suggested Canada as a site for the next new plant.

Nifty50 on Thursday settled almost flat, but snapped a six day winning run. The index ended up forming a small bearish candle on the daily chart, with a long lower wick. Analysts said the index turned sideways after the recent rally and expect it to find support around 17,200 level.

SoftBank has been reliant on its large and liquid stake in e-commerce firm Alibaba Group Holding Ltd for financing. The group has now raised as much as $22 billion using the shares, the Financial Times estimated.

Retail sales of three-wheelers and commercial vehicles increased by 80.41% to 50,349 units and 27.32% to 66,459 units, respectively.

That will be 20% higher than a year earlier and about 13% more than the previous festive-season peak, recorded in 2017. In the past 10 years, on an average, automakers in India dispatched about a million cars and SUVs in the August to November period, accounting for about 35% of annual sales. In 2017, they sent some 1.15 million vehicles to their dealerships.

In an earnings call with analysts Thursday, Takkar also said that 5G pricing will depend on the evolution and adoption of 5G use cases. But he does see it being priced at a premium to 4G with the caveat that it will require higher data bundling given the expected increase in data consumption over 5G.