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The other changes include appointment of Pankaj Mohan Pawar as the new managing director of the company, Raminder Singh Gujral and KV Chowdary, as additional directors of the company, designated as independent directors.

All three indexes are on course to notch two straight quarterly declines for the first time since 2015. They also appear set to post losses for June, which would mark three consecutive down months for the tech-heavy Nasdaq, its longest losing streak since 2015.

Early April, mortgage lender Housing Development Finance Corp (HDFC) proposed the merger with HDFC Bank. After the announcement, insurers wrote to their regulator Irdai on the permitted exposure limits in the individual entities.

“The Buyback shall not exceed the Maximum Buyback Size, which represents 9.95% and 7.31% of the aggregate of the total paid-up equity share capital and free reserves of the Company based on the latest audited standalone and consolidated financial statements of the Company as on March 31, 2022, respectively,”

Under the SAST (Substantial Acquisition of Shares and Takeovers) rules, CDEL and CDTL were under an obligation to disclose pledged and unpledged transactions to the company and stock exchanges within two working days of the disposal (pledged) /acquisition (unpledged) of shares exceeding 2 per cent of total shareholding or voting rights in the company.

"The index witnessed a brief consolidation near 15,700-15,800 throughout the day and took a leap on the upside towards the end of the session. The hourly chart shows that the Nifty50 is moving up in an upward sloping channel and can test the upper channel line near 16,000

​​The blue-chip Dow Jones Industrial Average gained 409 points or 1.3%. The broader benchmark, the S&P 500, rose 1.2% and the Nasdaq Composite advanced 0.9%.

Currently, dividends that are below 5 per cent of the market value of the underlying stock are deemed ordinary dividends and no adjustment in the strike price is made for such dividends.For extra-ordinary dividends, which will be at and above 2 per cent of the market value of the underlying security, the strike price would be adjusted

According to the data from depositories, the net outflow by foreign portfolio investors (FPIs) from equities crossed Rs 2.15 lakh crore on a year to date basis, which may increase further by the end of the month."One positive factor is that our domestic inflows in the markets have been able to absorb this significantly and have helped in containing further risks,"

“We are expecting an earnings recession now with earnings going down and that will be the second part of the market. Hopefully we will bottom out by September-October, if not, then it goes to February. It is just a rally within a correction in India and within a bear market in the US and these are the sharpest rallies and we should not get taken in by them.”