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TVS Motor Company will be investing Rs 85.41 crore to acquire a 48.27% stake in Nkars Mobility Millennial Solutions Private Limited (NMMSPL), which operates Formula 1 Driver Narain Karthikeyan’s start-up ‘DriveX’, the company informed the exchanges on Wednesday.

As per the tender papers, bids have been sought for sale of 0.75 million standard cubic meters per day of gas for one year from the KG-DWN-98/2 (KG-D5) fields in the Bay of Bengal.

United Drilling Tools (Re 0.6 per share), Bhatia Communications & Retail (Re 0.05 per share), Precision Wires India (Re 0.3 per share) and Kaveri Seed Company (Rs 4 per share) had announced their interim dividends.

“Singtel and its affiliates have entered into an agreement to transfer 3.33% shares to BTL for an aggregate amount of approx. SGD 2.25 billion, leaving direct shareholding of Singtel and Bharti in Airtel at 10% and 6% respectively,” BTL said in an exchange filing Thursday.

Among the five accounts proposed last week, Kishore Biyani-promoted Future Retail, McNally Bharat Engineering and CCCL are undergoing insolvency proceedings.

Investor are now focused be on the Jackson Hole symposium that begins on Thursday, with remarks from Fed Chair Jerome Powell on Friday potentially providing clues about the pace of future rate hikes and whether the central bank can achieve a "soft landing" for the economy.

The single currency has been hurt by growth concerns as the region faces an energy crisis, with investors on edge before Russia halts gas supplies through the main Nord Stream 1 pipeline for three days from Wednesday for unscheduled maintenance.

The IT major Wipro announced the appointment of Wagner Jesus as country head and managing director for operations in Brazil. Wagner joined Wipro three years ago, taking the lead of the non-financial business cluster.

OPEC sources later told Reuters that any cuts by the producer group and its allies, known collectively as OPEC+, are likely to coincide with a return of Iranian oil to the market should Tehran secure a nuclear deal with world powers.

Gold edged higher as the market weighs the outlook for monetary policy ahead of the annual gather of central bankers at Jackson Hole. The weakening economic activity induced some haven buying in the precious metals, snapping six days of declines, ANZ analysts wrote in a note to clients.