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As of December 2021 quarter, Karakoram is a public shareholder of Vijaya Diagnostic Centre and held 9.64 per cent stake.

The S&P 500 sank 2.30% after a barrel of U.S. oil leaped as high as $130 overnight on the possibility the U.S. could bar imports from Russia. Stocks around the world slid even more sharply earlier in the day, though they trimmed their losses as oil receded toward $120 per barrel.

The Dow Jones Industrial Average fell 35.05 points, or 0.10%, at the open to 33,579.75.

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“The geopolitical tensions of this unprecedented level will lead to some rethink on metals and mining and oil and gas. Even after the war stops and things normalise, countries will take a hard look at their metals and oil and gas strategy. So, if a country or if a company is producing metals or pumping oil or gas, they become much more valuable and that value will continue in the foreseeable future. ”

The order comes after Sebi received complaints from YES Bank Ltd (YBL), IndusInd Bank and other shareholders alleging that Dish TV has wrongfully withheld the results of voting on various proposals put forth in the AGM.

For Tuesday and the rest of the week, Monday’s low point of 15,711 will be crucial to watch. If Nifty has to avoid further weakness, it will have to keep its head above 15,700 levels.

Bansal, who has invested Rs 4,000 crore of his own capital in Navi, is expected to retain majority control in the firm even after the IPO.

“Steel exports from India will increase because this is a good market today as far as the spot market is concerned. The opportunity for the Indian steel industry lies in exporting more and more to the European Union and also the Middle East and North African (MENA) countries. The increased input costs can be set off easily because the prices in Europe are much higher than the prices in India.”

“We continue to believe that we are in a back loaded rate hiking cycle. We do not expect rate hikes to commence at least from August onwards. At the moment, given the constellation risks that the central bank is looking at, RBI would probably be thinking of how to sustain growth in such a difficult environment.”