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Electric vehicle makers were broadly positive. Tesla and Canoo both gained 3.3%, the latter after forecasting it would start U.S. production sooner than expected. Sono Group NV surged 155% on its Nasdaq debut.

Birlasoft Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 13189.77 Crore) operating in IT Software sector.

“The best thing for investors would be to put small portions in each of these and then be very patient and look at a 10-year investment. Some of them will become 100 baggers and that will take care of your entire portfolio.”

Soon after the preference issue of shares was announced in May this year, controversy erupted with regard to the valuation of the shares to be offered to the investors and the capital markets regulator Sebi intervened and stalled the deal until there was revaluation of the shares.

A Fund of Fund invests in other schemes. Invesco’s blockchain fund is structured to invest in an Ireland-domiciled ETF (exchange traded fund), which bet on listed equities of companies in developed and emerging markets that participate in the blockchain ecosystem. The fund had got approval from markets regulator SEBI.

At this point, we are evaluating and have appointed the best of advisors and they will come out with the entire plan. Very soon, we will announce the full scheme, Anil Agarwal said.

On October 8, the Tata group owned Talace Pvt Ltd won the bid to own 100% of Air India and its subsidiary Air India Express. The transaction awaits cabinet approval and the acquisition is scheduled to take effect at the end of the year.

If the deal goes through it will be the largest investment for the food delivery platform. New round likely to value Grofers at $1.5 billion; will intensify battle with Swiggy’s Instamart

The industry is expected to register a growth of 20-22% in the current financial year over a low base of FY21, said Girish Wagh, head of the commercial vehicles business unit at Tata Motors.

U.S. oil was under pressure on Thursday, adding to an overnight plunge on a Reuters report that the United States was asking major oil consumers like China and Japan to consider a coordinated release of oil reserves to lower prices. The bid by the U.S. administration to shock markets comes as inflationary pressures, partly driven by surging energy prices, starts to produce political backlash, as the world fitfully recovers from the worst health crisis in a century.