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In the Sensex pack, ICICI Bank declined 3.8 per cent to Rs 715.90. Asian Paints, HDFC Bank and HDFC dropped up to 3 per cent. Maruti Suzuki and Kotak Mahindra Bank fell over 2 per cent each.

The company reported a 36.7 per cent decline in standalone net profit at Rs 686 crore for the quarter ended Dec 31, 2021, on the back of lower sales and a rise in commodity prices.

Ceat Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 3952.18 Crore) operating in Tyres sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 1599.78.

The stock quoted a 52-week high price of Rs 171.35 and a 52-week low of Rs 125.2.

“I have come to the conclusion that it would not be a feasible or an honourable decision to accept the position in the shadow of such a narrative," Ayci said in the release. He was seen as close to Turkish president Racep Tayyip Erdogan, a Pakistan ally. Erdogan had referred to the issue of Kashmir in his address to world leaders at the UN General Assembly session late last year.

Union Minister Dr Bhagwat Karad on Tuesday said Bharat Petroleum Corporation Limited (BPCL) has launched a gas distribution network in Aurangabad and Ahmednagar districts of Maharashtra and will invest Rs 4,000 crore for the completion of the project. The minister of state for finance was addressing a press conference with the BPCL officials here.

In most cases, lenders negotiate with the highest bidder to maximise recoveries from buyers of the bankrupt companies, said one of the lenders of Sintex. The Reliance-ACRE offer equates to a recovery of 36% for lenders, excluding the 15% equity stake.

"Vodafone has expressed the need to release bank guarantees since the AGR dues themselves have been deferred by four years," a senior government official told ET. "The company also wishes that the date of the apex court order in favour of the government be frozen as the date till which to compute the AGR dues."

Over the weekend, RIL shut hundreds of Future stores and removed their signages in a bid to rebrand them as Reliance Retail outlets in the next few days. This was done after Future Group defaulted on rent payments for these locations to Reliance Retail.