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NARCL had offered ₹1,003 crore to purchase the debt last month. If Arcil follows its interest with a serious bid, then NARCL will still have the opportunity to buy the debt under the Swiss challenge method by matching the challenging offer.

"We have touched Rs 500 crore of annual recurring revenue (ARR) in October and will close FY23 with Rs 600 crore revenue, more than double the previous year," said Ramani. "We expect to reach Rs 1,000 crore ARR by July 2023 and we believe the growth rate will continue. We might not be able to grow by 100% every year, but 50-60% growth is doable."

The balance of payments (BOP) summarises all the transactions of an economy with the rest of the world across two broad heads - current account and capital account. It stood at a surplus of $47.5 billion in FY22.

The Reserve Bank of India (RBI) and Clearing Corporation of India (CCIL) Ltd, which settles large volumes of trades on bonds, derivatives and foreign exchange, are trying to break the logjam with Bank of Japan (BoJ) and Financial Services Agency, Japan (JFSA) which are keen on having inspection rights over CCIL.

Income from retail operations for the quarter rose 95% to Rs 456 crore, while income from residential business saw 5% decline to Rs 57.9 crore. Total income from office business rose 3% to Rs 43.5 crore, the company said in a regulatory filing.

Kelvin Loh, CEO, IHH Healthcare said IHH got several inbound queries, but the company was not interested in divesting its stake in Fortis as yet.

The S&P 500 opened higher by 10.22 points, or 0.27%, at 3,817.02, while the Nasdaq Composite gained 47.01 points, or 0.44%, to 10,611.53 at the opening bell.

The issue with a face value of Rs 2 per equity share is a complete offer for sale (OFS) aggregating up to 25,546,186 units

The company had posted a profit after tax (PAT) of Rs 96.3 crore in the year-ago period, it said in a BSE filing.Its revenue from operations, however, grew 7.1 per cent to Rs 533.8 crore during the period under review, from Rs 498.4 crore in the corresponding quarter of the previous year.

The company said that the profitability of BCL during the second quarter was impaired by rising power and fuel costs which could not be passed on to the consumers.EBITDA, a measure of underlying profitability, of the company in the current second quarter declined 51.6 per cent to Rs 136 crore from Rs 281 crore in the similar previous period of 2021-22.