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However, market dynamics of the decorative paints sector have changed with new capacities being announced backed by strong growth and outlook, it added.

The group had considered getting into banking through Tata Capital, its financial services arm, after a working group of the Reserve Bank of India (RBI) in November 2020 recommended granting banking licences to industrial houses.

Allowing life insurance companies to offer health plans is one of the big decisions in front of Irdai chairman Debasish Panda, who has vowed to simplify regulations and capital requirements and introduce new products to widen insurance penetration in the country.

These derivative bets, said to be of shorter maturities, will cover the exchange rate risk on more than $5 billion as and when the acquisition is completed after all approvals are obtained.

The Dow Jones Industrial Average rose 618.34 points, or 1.98%, to 31,880.24, the S&P 500 gained 72.39 points, or 1.86%, to 3,973.75 and the Nasdaq Composite added 180.66 points, or 1.59%, to 11,535.28.

Only 2% of women are investing for their retirement. It is important that you start early, start small and start investing in assets that leverage the power of compounding, like Equity Mutual Funds.

The Relative Strength Index (RSI) on the daily chart is 42.01. It stays neutral and does not show any divergence against the price. The daily MACD is bullish and stays above the signal line. A black-bodied candle appeared on the charts; no other formations were noticed.

​​​ In the last two months, Future Retail Ltd (FRL), the flagship firm of Kishore Biyani-led Future Group, witnessed several top-level exits after the Rs 24,713-crore deal with Reliance Retail was called off.

The buyers converged at the stock after heavy selling in the last few days made it appetizing. It still trades down over 13 per cent from issue price of the IPO. The market cap of the firms stands at Rs 5,21,021.69 crore.

The company was on track to lose $15 billion in market capitalization, while shares of major online advertisers and social-media firms were set to lose a combine $200 billion in value from the rout.