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"Power stocks continued its uptrend this week too on the recent Govt. decision to extend the deadline by 2 years for the implementation of Flue Gas Desulphurisation (FGD) equipment norms in various categories of power plants. Steel stocks too appear to have been buoyed by the potential removal of recently imposed export duty."

State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair.

The proposed transaction also envisages the setting up of an Infrastructure Investment Trust (InvIT). The InvIT is initially proposed to comprise renewable power assets seeded by Mahindra Susten with operational capacity of around 1.54 GW.

South Indian Bank was beset with bad loans after its loans to companies such as DHFL and IL&FS soured. Under Ramakrishnan who took charge about two years ago, the bank raised its provisioning and put in place processes that improved underwriting.

Soaring prices have pushed annual inflation to a 40-year high, inflicting pain on American consumers and businesses, despite the welcome drop in gasoline prices at the pump in recent weeks. The disappointing consumer price report for August, released last week, showed housing, food and medical costs continued to rise. And when volatile food and energy prices are stripped out, so-called core inflation accelerated.

Import of liquefied natural gas (LNG) fell 19% to 2.37 BCM in August on high prices and limited availability in the spot market. Indian gas importers are unable to source LNG from the spot market as most supplies are headed to Europe where buyers are willing to offer record-high prices ahead of winter amid sharp supply curbs from Russia.

Media planners said while all three telcos - Airtel, Jio and Vi - will have tactical campaigns in the festive quarter, Airtel is slated to lead the media spending in the category.

In separate notifications over the weekend, IBBI allowed creditors to sell part assets in case they get more value. More importantly, the regulator also announced a performance-based pay structure for resolution professionals (RPs). Both moves will have far-reaching changes to recoveries, consultants said.

While the intent of the regulator is unclear, the Securities & Exchange Board of India (Sebi) has in an email on September 12 --- a week after it asked PE and VC funds about their valuation practices --- sought various information on funds formed with a small club of investors, two senior industry persons told ET.

NARCL has engaged consultants such as EY, PwC, Alvarez and Marsal, KPMG, Grant Thornton to conduct due diligence for the 18 accounts. It will rely on the due diligence reports to finalise binding offers for these accounts.