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“In the overall home consumption space. I prefer Tata Consumer more in the long run because the tea and beverage business continues to grow double digit in volume, their Sampann brand which is into foods is doing very well and then the Starbucks AVM, which is the out of home consumption. Some of the other players will recover as the economy reopens and the stock has taken a 15-20% correction.”

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The floor price for the OFS has been set at Rs 159 per share. This price is at an around 7 per cent discount to the closing price of ONGC’s stock on Tuesday.

Garden Reach Shipbuilders & Engineers Ltd., incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 2584.87 Crore) operating in Shipping sector.

"The strategic review of selected popular brands initiated by the company on February 23, 2021 to consider all options to deliver sustainable long-term profitable growth is ongoing. The review is expected to be completed by May 31, 2022," USL said in a regulatory filing.

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Yield curve inversions typically come late in Fed hiking cycles as bond investors sense the central bank may have gone too far in raising borrowing costs and begun to slow the economy.

Hopes of peace in Ukraine keep euro afloat

Updated at : 2022-03-30 08:20:03

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The dollar was kept on the back foot on Wednesday as hopes for a breakthrough in Russia-Ukraine peace talks lifted the euro, while the under-pressure yen steadied even as the Bank of Japan redoubled efforts to pin down bond yields.

Last week, Bharti Airtel had said it will acquire 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore.

Microfinance loans across lenders grow 10% in 2021

Updated at : 2022-03-30 08:00:03

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At the end of last year, 13 banks together held the largest share of the micro loan portfolio with total loan outstanding at Rs 1.04 lakh crore, which is 40.4% of total microfinance universe. NBFC-MFIs are second largest provider of micro-loans with collective loan outstanding of Rs 87,444 crore,

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Sitharaman defended the 137-day hiatus in fuel price revision, saying the disruption in supply chains and the resultant increase in global oil prices due to the war in Ukraine was a "couple of weeks" phenomenon.

The bank has on March 28, 2022, accepted the offer to acquire 10,00,000 equity shares of Open Network for Digital Commerce, ICICI Bank said in a regulatory filing.

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