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Prior to this, the approach of expiry day had attracted short covering in the index futures which ensured that FIIs were left holding close to 60% of their index futures as longs, in stark contrast to just 16% as longs in mid-July.

The Relative Strength Index (RSI) of USDINR also provides us with another valuable insight. When the RSI is above 70 the chances of dollar prices reversing are high. We have witnessed this seven times in the last 10 years. Currently, the RSI of USDINR is in the overbought zone and trading above 70. This indicates the possibility of depreciation in USD and an appreciation in INR.

Governor Shaktikanta Das said introduction of the ombudsman scheme has led to a reduction in the time taken to solve consumer problems and expressed hope that it will be a case with CICs as well. CICs will join non-banking finance companies, commercial and co-operative banks under the purview of the scheme that was launched last year.

It believes the telco’s 3.3 GHz holdings in its priority circles are good enough to provide a quality 5G experience for several years, analysts, who participated in the telco’s June quarter earnings call Thursday, said.

Zomato bought Blinkit (formerly Grofers) for Rs 4,447 crore in an all-stock deal, which 97% of shareholders who voted approved on June 26.

“Binance does not own any shares in Zanmai Labs, the entity operating WazirX and established by the original founders,” founder and chief executive Changpeng Zhao told ET in response to queries about the ED probe.

The department had also found that the said fund manager and chief trader was sharing specific trade related information with brokers/middlemen and persons located in power certain foreign jurisdictions.

The losses of health insurance business of PSU insurers either wiped out or decreased profits of other lines of business or increased the overall losses, the audit report on third-party administrators (TPAs) in the health insurance business of public sector insurance companies noted.

SCI said the company has assessed the current scenario and based on internal and external information available, it believes that there is no COVID-19 impact in the first quarter of 2022-23, hence there is no impact on its ability to continue operations and meet its financial commitments.

HT Media Chairperson and Editorial Director Shobhana Bhartia said the first quarter of FY 2022-23 began on a positive note with a strong performance in the previous fiscal year, with overall business performance and the larger economic and business environment seeing considerable improvement, especially in the latter half of the fiscal.