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The government hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates.

Still, the rapid, aggressive moves by the central bank have started to have an impact, and while officials say the US economy should continue to expand in the second half of the year, "many expected that growth in economic activity would be at a below-trend pace," the minutes said.

Cuban Central Bank officials for the first time met with the Reserve Bank of India and a group of five large local banks, including State Bank of India, Bank of Baroda, Union Bank of India, Bank of India and IBA, as part of discussions on possible bilateral trade through the recently established platform and other forms, said two people familiar with the matter.

To be sure, with inflation levels above the target band for over six months, the Reserve Bank has cumulatively raised the benchmark policy repo rate by 90 basis points ( one bps is 0.01 per cent) since may and is now at 5.4 per cent Though economic activity was sluggish in July compared to June, the recovery in the Indian economy is expected to gain momentum going by the preliminary indicators like investment in capex and pick up in consumption demand.

Based on supervisory data, in quarter-ending December 2021, the consolidated balance sheet of NBFCs grew at a faster pace than the corresponding period in the previous year. The bottom lines of the NBFC sector also improved in Q2 and Q3: 2021-22 with the waning of the second wave of COVID-19.

"Strong response to Syrma SGS public issue will hopefully open up the IPO market which has been shut for a long time," said Dharmesh Mehta, MD, DAM Capital Advisors, the lead banker for the issue. "A good company at a decent valuation will always have a strong appetite."

The shares were disposed of at an average price of Rs 357.61 apiece, taking the transaction size to Rs 1,046.45 crore.

Brokerage Wedbush downgraded the company to "underperform" and reaffirmed its price target of $5, saying the stock looks "disconnected from fundamentals" at current valuation."News that Ryan Cohen may be selling his stake in BBBY appears to have spooked the meme stock faithful," said David Jones, strategist at Capital.com.

The IPO had a fresh issue of equity shares aggregating to Rs 766 crore and an offer for sale of up to 33,69,360 equity shares.The offer was priced in the range of Rs 209-220 per share.On Thursday, Syrma SGS Technology raised Rs 252 crore from anchor investors.It was the first company to tap the primary market in two-and-a-half months. Prior to this, the IPO of Aether Industries was open for public subscription during May 24-26.

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