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“The telecom industry economics is definitely looking better. From a strategic point of view, one is better off playing with the strongest rather than the weakest.”

The Dow Jones Industrial Average rose 90.42 points, or 0.25%, to 36,488.63, the S&P 500 gained 6.71 points, or 0.14%, to 4,793.06 and the Nasdaq Composite dropped 15.51 points, or 0.1%, to 15,766.22.

CESC Ltd. key Products/Revenue Segments include Electricity and Other Operating Revenue for the year ending 31-Mar-2021.

The moves seemed to be linked to recent improved sentiment as many governments resist imposing new, widespread lockdowns, even as the Omicron variant of the coronavirus surges.

Life Insurance Corporation of India acquired a 2.02 per cent stake in BPCL via open market transactions, increasing shareholding to 7.03 per cent.

The report notes that financial conditions remain conducive, engendered by the Reserve Bank’s liquidity operations that ensure large liquidity surpluses in the system.

While investment and credit companies (ICC), the largest segment of NBFCs, showed subdued asset growth, infrastructure finance companies (IFCs) – a segment dominated by PSU NBFCs –decelerated in the first half of FY22.

ET reported on December 22 that the company was raising up to Rs 13,600 crore including Rs 8,600 crore worth of bonds and CPs of up to Rs 5,000 crore.

IIFL Securities has sold over Rs 100 crore worth of PharmEasy stock to wealthy individuals at Rs 103 a share. Those shares traded at Rs 78 earlier when promoters did not release much stock. PharmEasy is estimated to be valued at $7.5 billion going by scientific calculation, said a dealer.

In another transaction, 3 Sigma Global Fund sold 300,000 shares of Sigachi Industries at Rs. 402 per share through a bulk deal on the BSE.