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Vodafone Idea (VIL) in the filing said that its board of directors "has approved the exercise of the option of deferment of the AGR related dues by a period of four years with immediate effect, in accordance with the said DoT Letter. The amount of the AGR related dues as stated in the said DoT Letter is Rs 8,837 crores which is subject to revision on account of disposal of various representations".

The merger is subject to the approval of respective shareholders and creditors of Quess and Allsec, stock exchanges, Sebi, the National Company Law Tribunal and other regulatory authorities as may be required. Till the scheme becomes effective, Quess and Allsec will continue to function independently.

Virendra D. Mhaiskar, Chairman & Managing Director, IRB Infrastructure Developers said, “We deeply appreciate the steps taken by the Cabinet Committee on Economic Affairs for providing interim cash flow access to developers in clear award scenarios till a final verdict is closed.”

Ajanta Pharma Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 15564.46 Crore) operating in Pharmaceuticals sector.

The move shows the central bank is pulling out all the stops to curb losses in the currency, which set a series of record lows this month and threatens to further accelerate inflation. The RBI’s intervention strategy has caused dollar-rupee one-year annualized forward premiums to fall below 3% for the first time in a decade, according to Standard Chartered.

A total of 938,922 shares changed hands on the counter till 11:31AM (IST).

As of 31-Mar-2022, promoters held 39.99 per cent stake in the company, while FIIs held 34.31 per cent and domestic institutional investors had 4.19 per cent.

On the technical charts, the RSI of the stock stood at 42.57.

At 9.37 am, the BSE Sensex was trading 354 points or 0.68 per cent higher at 52,176. Nifty50 was trading at 15,536, up 123 points or 0.80 per cent. Midcap and smallcap indices gained up to 0.8 per cent. Powell said the US Fed is not trying to engineer a recession to stop inflation but is fully committed to bringing prices under control even if doing so risks an economic downturn.

"There are limited energy stocks in India. India has generally been an importer of energy and to that extent, the fortunes of the energy companies depend on how well they can go ahead and price products at market levels. We have generally avoided energy and commodity businesses, as they are cyclical and they could come under pressure if the fears of a global recession grows."