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“It is a part of our job to analyse things and not repeat a book from 10 years ago saying that if you invest for 20 years, it is very good. We agree with five years, we agree with three, four years also; but to be in the market for 25 years, one has to be a little bit analytical.”

Investigations are also being conducted around supply chains and whether mechanisms are in place to camouflage or suppress the origin of goods, services or money trails and the conduct of business through illegitimate channels.

One of the initiatives - creation of nano-factories within its large manufacturing units to speed up innovation with faster product rollouts - is now being taken to other countries by parent Unilever, said Willem Uijen, executive director, supply chain, at HUL.

Raymond has held talks with Denmark-based retail group Bestseller to sell the ColorPlus business, but the talks failed without a deal, two persons familiar with the development said.

About 97.4 lakh shares by nearly 14,600 investors were withdrawn from the Rs 4,300-crore Ruchi Soya follow-on public offering (FPO) as the deadline for the same closed on Wednesday evening.

The telecom subscriber base in the country declined to 116.94 crore in January this year due to the loss of a 93.22 lakh mobile phone users by Reliance Jio, the TRAI data said.

Wireless subscriptions in urban areas decreased from 633.34 million at the end of December 2021 to 627.12 million at the end of January 2022 while the same in rural areas also decreased from 521.28 million to 518.13 million during the same period, according to the data put out by the regulator.

The new payments system will likely be installed at the headquarters of both the RBI and the VEB, the latter also known globally as the State Development Corporation.

"In order to mitigate the inconvenience to the taxpayers ... a window of opportunity has been provided to the taxpayers upto 31st of March, 2023 to intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions," the apex direct taxes body said in statement late Wednesday. The CBDT has issued a notification to this effect.

According to preliminary data, the S&P 500 lost 29.86 points, or 0.64%, to end at 4,601.74 points, while the Nasdaq Composite lost 177.48 points, or 1.21%, to 14,442.15. The Dow Jones Industrial Average fell 63.14 points, or 0.18%, to 35,231.05.