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As the United States struggles to tackle soaring gasoline prices and inflation, U.S. President Joe Biden is expected on Wednesday to call for temporarily suspending the 18.4-cents a gallon federal tax on gasoline, a source briefed on the plan told Reuters. Biden had disclosed on Monday he was considering whether to call for a pause in the tax.

The yen was last drifting at 136.4 per dollar, having hit 136.71 in early trade, the lowest since October 1998. Analysts see no immediate end to a sell-off that has seen the yen weaken 18% so far this year from 115.08 at the end of 2021.

Wednesday is also the record date for dividends by Britannia Industries, Bank of Maharashtra, Agro Tech Foods, Bliss GVS Pharma, Bharat Seats and Morarka Finance.

​​​The bank is also expected to launch additional products and services under Digital 2.0 including a new payments platform for its customers and merchants.

Seeking to quell a surge in living costs, the Fed accelerated its monetary-tightening campaign last week with its biggest interest-rate increase since 1994. That drove fresh losses on Wall Street and has increased the odds of a recession, piling pressure on President Joe Biden.

The steelmaker has already developed a graphene production capacity of 100 tonnes per annum and was investing in production of medical materials at scale, according to TV Narendran, the CEO and MD of Tata Steel and Koushik Chatterjee, the company’s executive director and CFO.

Strong fund management capabilities coupled with robust risk management practices have enabled the company to consistently reward participating policyholders with a higher bonus, ICICI Prudential Life said in a statement.

"For recovery of part outstanding dues against loans availed by certain pledgers/borrowers, the Corporation on June 15, 2022, invoked the pledge on 50,00,000 shares of Ansal Housing (Ansal) aggregating 8.42 per cent of its paid-up share capital, pledged with the Corporation by the said pledger/borrower,"

“Mutual fund schemes may resume subscriptions and make investments in overseas funds/securities up to the headroom available without breaching the overseas investment limits utilized by MFs/AMCs as of EOD of February 1, 2022, at mutual fund level,”

"The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on June 20, 2022," it said.The Kishore Biyani-led Future group firm has defaulted on several payments in the last few months.