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External members believe that the worsening economic conditions, influenced by the global slowdown and past rate increases since early summer, require the MPC to pause and assess conditions before continuing on the path of further rate tightening, minutes of the last MPC show.

Hinduja Group made the second-highest offer, of Rs 8,110 crore, for the core investment company that houses 20 financial services entities, ranging from insurance to broking, the people said.

Global companies have begun looking at India as a viable alternative to traditional low-cost destinations. That offers ample opportunities for investors.

"Banks had taken board approvals to raise capital this fiscal and they are now tanking up as the busy season approaches. This is probably the last tranche of Tier 1 issues by public sector banks for this fiscal and this keeps them ready for the likely increase in loan demand in the fourth quarter," said a banker aware of the transactions.

Through the sale the entities are looking at raising close to Rs 650 crore.

​The promoter sold 58,85,000 shares of the company at Rs 679.20 per share, bulk deals data on the National Stock Exchange showed

The winemaker was exchanging hands at a discount of Rs 10-15 per share in the unofficial market, against the issue price of Rs 357

Weighed down by the selling, shares of Just Dial ended nearly 3% down at Rs 589.85 on the BSE

The Dow Jones Industrial Average rose 178.35 points, or 0.54%, at the open to 33,028.09

The latest sale of 1% stake by the Burman family in Dabur, which fetched around Rs 1,000 crore, is viewed as a step towards increasing holding in Eveready to over 50% from 43%, which may also result in reducing debt