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The move, analysts said, is aimed at strengthening the JioPhone Next, a 4G smartphone that RIL has co-developed with Google and is critical for the Indian telecom market leader, Reliance Jio Infocomm’s quest to reach 500 million subscribers, from 421 million at the end of December.

By the closing bell, the Dow Jones Industrial Average joined the S&P 500 in negative territory, while the Nasdaq Composite Index ended essentially unchanged.

When you click to buy stocks, the broking company, where you have opened a demat account, places an order on your behalf on the BSE or the NSE. The exchanges then find a match and relay transaction details to the depositories — CDSL or NSDL. These depositories process the actual transfer of shares to your demat account in two business days.

The government has asked the National Payments Corporation of India to keep the infrastructure ready for managing large volumes for subscriptions and processing refunds. The use of the Unified Payments Interface (UPI) platform would result in money moving very fast in and out of bank deposits.

Crisil, Enkei Wheels, Gujarat Credit Corp, Garbi Finvest, Soma Textiles, Polo Hotels, Mitsh and Advance Syntex are among the companies that will announce their December quarter results today.

Both indices slumped as much as 3.25% in the last 30 minutes of trading but rebounded slightly after the Nifty hit 16,800, which has been a crucial support for the index in recent weeks. A fall below 16,800 could result in the index declining by as much as 5% in the near term, said analysts.

Gold prices edged higher on Tuesday towards a three-month peak touched in the previous session, as heightened tensions between Russia and the West over Ukraine prompted investors to pull back from riskier assets and opt for safe-haven bullion.

The interim dividend outgo was around Rs 5,546 crore and the government was the largest beneficiary as it received approximately Rs 3,667 crore for its over 66 per cent stake in the coal behemoth. Other categories of investors had the remaining share.

Deloitte India, which is doing an external review on the matter, is likely to submit its report in a week’s time, two people familiar with the issue said.

The company disbursed 19 lakh loans amounting to Rs 921 crore in January, which was over threefold higher compared with four lakh loans worth Rs 212 crore that the company disbursed in January 2021.