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The commodities rally rejuvenated Tata Steel while Tata Tele emerged as the surprise multibagger on the stock market.

“Given that the Tatas have a very long-term view and patient capital, most of the challenges can be overcome, but people-related and expected hyper-competitive environments remain the most critical challenges,” said Kapil Kaul, chief executive at consultancy firm Centre for Asia Pacific Aviation in India.

CPPIB, CDPQ, Ontario Teachers’, Templeton, Capital Investment, Schoders, GIC OMERS, and People’s Bank of China are among investors likely to invest.

In a 100-page interim order, the regulator also restrained the individuals from "associating themselves with any intermediary registered with Sebi, any listed public company or acting directors/ promoters of any public company which intends to raise money from the public till further orders."

The company’s EBIDTA was impacted by all these factors and dropped to Rs 110 crore when compared to Rs 218 crore during the same period last year.

Ashok Leyland reported a standalone profit of Rs 6 crore for the quarter after making a net one-time gain of Rs 42 crore.

The revenues rose 24.6% YoY to Rs 1467 crore in Q3FY22 compared to 1177 crore in Q3FY21. On a quarter-on-quarter (QoQ) basis, the revenues were flat, while net profit rose 8.4%.

The decision was taken at a meeting of the Capital Raising Committee of the lender, Yes Bank said in a regulatory filing.

The transaction was valued at Rs 236 crore. It was not clear who bought those shares. The stock earlier fell about 11 per cent as rumours of him and another co-founder Yashish Dahiya selling stake had already spread.

The Dow Jones Industrial Average rose 26.30 points, or 0.07%, at the open to 35,267.89.