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The capex plan includes $4.5-4.8 billion of investments in US-based subsidiary Novelis. It included the first $2.5 billion greenfield project in the US in 20 years.

“We are operating in a stagflationary environment. Globally, monetary liquidity is coming down. I appreciate the rally today and we remain constructive on India. Let us acknowledge that there are some dark storm clouds on the horizon. However, India is now in a far better position to weather the dark storm clouds than they have been in the past,” says Michael Dommermuth.

"I believe that ESG is, at its core, a feel-good scam that is enriching consultants, measurement services and fund managers, while doing close to nothing for the businesses and investors it claims to help, and even less for society," Aswath Damodaran wrote in his blog.

“Once the consideration is paid and consent of customers taken, the technology platform has to be tackled and Axis will gradually start migrating the customers of Citibank of different parts of their business to Axis Bank. As for payment, right now, we can easily pay it out of our balance sheet.”

Gold futures on MCX were trading down 0.34 per cent or Rs 178 at Rs 51,598 per 10 grams. Silver futures were trading lower by 0.82 per cent or Rs 556 at Rs 66,850 per kg.

USA-MARKETS/YIELDCURVE (FACTBOX)FACTBOX-Recession after fleeting yield curve inversion? It is complicated

GoTo is backed by the likes of SoftBank Group Corp, Alibaba Group and Singapore sovereign wealth fund GIC.

Both indexes were set to post monthly gains of more than 4 per cent.

A total of 5,664 shares changed hands on the counter till 10:10AM (IST)

The Massachusetts rule went beyond a standard the U.S. Securities and Exchange Commission adopted in 2019 by requiring broker-dealers have a fiduciary obligation to provide investment without regard to the interests of anyone but their customers.