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Both tranches were sold against upfront cash payments in the first quarter of this year. VSJ Investments won both the portfolios at an uncontested Swiss challenge auction, the people cited above said. Under Swiss auction, the VSJ Investments offer would be the anchor offer and it would have first right to match any counter bid that Piramal would have received.

Millers across the country have said there is a sharp rise in prices in the past 2 weeks. The price of milling wheat in Mumbai has increased by ₹2.5-3/kg during the past 10-15 days touching ₹26/kg. Sanjay Jain Paharia, a wheat exporter from North India, said wheat prices have increased by ₹2/kg to hit ₹25/kg at Kandla.

There are two kinds of failures on UPI payments - technical decline and business decline. While technical decline is caused due to issues with bank or NPCI systems, business declines are caused due to reasons pertaining to customers such as incorrect passcode entry or transactions beyond stipulated limits.

Ruchit Jain, Lead Research, 5paisa.com, said the immediate support for Nifty is placed around 17,200 below which the index could test 17,000 level. On the flipside, 17,350-17,400 is the immediate resistance zone.Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said the overall chart pattern of the Nifty .

"The strong momentum exiting FY2021-22 was sustained and further improved over the past quarter due to recovery in the overall automotive market. This has bolstered our confidence that we will surpass the peaks of FY2018-19," Bosch MD Soumitra Bhattacharya said.

Commenting on the financial performance, Data Patterns chairman Srinivasagopalan Rangarajan said, "Company delivered good Q1 results in line with our expectations. Our primary focus now is to create a strong order book and increase operational efficiency."

The engineering business reported revenues during the quarter ending June 30, 2022 at Rs 1,244 crore as compared to Rs 815 crore registered in same period last year.Revenues from the metal formed products was at Rs 335 crore during the April-June 30,2022 period as against Rs 245 crore registered in the corresponding period year ago.

It proposes to raise the capital through a combination of Rs 5,100 crore (about USD 640 million) in equity shares and Rs 3,800 crore (USD 475 million) through equity share warrants from funds affiliated with Carlyle and Advent International. Each of these investors would potentially acquire up to 10 per cent stake in the bank.

"The demand for trucks, agricultural tractors and passenger vehicles in India was healthy, albeit with semiconductor shortages affecting some segments," company Managing Director, Srivats Ram said in a company statement.

"On the back of the volume growth, gross segment revenue increased by 125 per cent," said Voltas, adding it "continues to be the market leader" in the segment with an existing market share of 24.1 per cent as of June 2022, said an earnings statement by the company.