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“In India we have seen a slowdown in economic growth. We have seen rising oil take its toll on current account conversations for the broader macroeconomic outlook for India. At JP Morgan, we are taking a relatively cautious outlook for India as a whole. However, within that, this bottoms-up analysis is absolutely critical. We still see emerging strength as an example of the real consumer.”

“Price increases have been taken to some extent and there has been an effect on the demand in the smaller T3 and T4 cities to some extent. Some downgrading on products happened in T1, T2 and metro cities to that extent. But overall, the demand conditions have been very healthy and that has been reflected through the double digit growths coming in February and March.”

The bidding was majorly driven by retail bidders, whose portion was subscribed 81 per cent. Employee quota was subscribed 40 per cent, whereas HNI quota received only three per cent bids so far. The institutional quota did not see any bids yet.

So far in the current calendar, the rupee has depreciated close to 4 per cent against the US dollar, hitting an all-time low of 77.5250/$1 on Monday.

As of 31-Mar-2022, promoters held 45.25 per cent stake in the company, while FIIs held 19.8 per cent and domestic institutional investors had 17.64 per cent.

Barring Terra and the dollar-pegged Tether, all major crypto tokens witnessed some gains on Wednesday. Shiba Inu rallied 9 per cent, followed by a 4 per cent rise in Solana. Avalanche, XRP and BNB gained 3 per cent each.

Among Sensex stocks, Tech Mahindra rose 1.7 per cent to Rs 1,263.70. Tata Steel advanced 1.43 per cent to Rs 1,182.05. HDFC, Bajaj Finserv, Power Grid, Bharti Airtel and UltraTech Cement rose up to 1.2 per cent. ICICI Bank and HDFC Bank added up to 0.6 per cent.

Gold is seen as a hedge against inflation and a safe store of value during times of political and economic crises but is highly sensitive to rising short-term US interest rates, which raise the opportunity cost of holding zero-yield bullion.

The total revenue from operations was Rs 5,260.33 crore, up 14.19 per cent from Rs 4,606.45 crore the company reported in the year-ago quarter.

On Tuesday, Vi said that the telecom department had computed the net present value (NPV) of the accrued interest due to the four-year deferral of the spectrum and adjusted gross revenue (AGR) payments at Rs 16,133.1 crore, a calculation since confirmed by the telco.