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Gold held its ground on Thursday, supported by lower U.S. Treasury yields, after mounting concerns over stubborn inflation worldwide helped prices rebound from their lowest level in two weeks in the previous session. Spot gold was steady at $1,847.49 per ounce, as of 0036 GMT. U.S. gold futures were up 0.2% to $1,851.40.

Petrol sales by state-owned fuel retailers, which control roughly 90 per cent of the market, at 2.8 million tonnes in May was 55.7 per cent higher than the same period last year. Diesel, the most-used fuel in the country, saw sales jumping 39.4 per cent year-on-year to 6.82 million tonnes in May.

Reddy founded Spandana in 1998 and successfully revived it to one of the country’s biggest microfinance lenders after going through the ordeal of a debt restructuring following the 2010’s Andhra Pradesh microfinance crisis that forced many micro lenders shut shops.

One of the plots measuring 3 acres along golf course road will be developed into a 600,000 sq ft retail and office complex, while the 1.3-acre land parcel on MG Road will be developed as a retail complex spread over 180,000 sq. ft.

The momentum is expected to continue, he said, adding opening up of the economy has reduced the need for a fresh stimulus package and the current momentum appears sustainable. Thus, for the bank, it is imperative that the business keeps adapting to the new operating environment, he said in his letter to shareholders published in the annual report for FY22.

In May, Tata Motors posted its highest-ever monthly sales at 43,341 units, overtaking Hyundai Motor India which sold 42,293 units. This is the second time in the last six months that Tata Motors has overtaken its South Korean rival in the highly competitive Indian passenger vehicle market.

Monetisation of these key properties, in the business district of Lower Parel and Chandivali, owned by the company and its wholly-owned subsidiaries, is expected to fetch over Rs 700 crore given the locations and size of these properties, property consultants said.

The Mittal family is learnt to be in talks with the likes of Bank of America, BNP Paribas, Citibank, JP Morgan and Standard Chartered for the credit lines.

The Centre had approved the sale of CEL in November last year to Nandal Leasing and Finance Ltd for ₹210 crore. The transaction was scheduled to be completed by March.

Banking is a segment where valuations are attractive and buyable. The market, however, has not discounted the improved performance of banks," said V K Vijayakumar, chief investment strategist, Geojit Financial Services