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A marginally higher US market close on Tuesday night, despite some new tensions surrounding the Russia-Ukraine war, also helped a steady market on Dalal Street.

That kind of moonshot market performance is rare but not entirely unheard of in India, particularly among small, thinly traded companies. For EKI, there was something else at work. It’s the first listed carbon offsets company, and the market price of those offsets — which comprise most of the firm’s assets — was soaring.

Reserve Bank of India Governor Shaktikanta Das also acknowledged the crucial role played by the commercial banks in supporting the economic growth throughout the turbulent times since the outbreak of pandemic and the ongoing financial market turmoil. The governor also said that the Indian banking sector has remained resilient and continued to improve in various performance parameters.

Almost all the MSMEs are expected to cross the pre-pandemic level of revenue. “The overall MSME sector is expected to bounce back to 1.27 times of the pre-Covid level in terms of revenue this fiscal” said Pushan Sharma, director – research, Crisil Market Intelligence & Analytics.

Delhi, Mumbai, Indore, Rajasthan and Gujarat are among the major corridors from where a large chunk of the remittances originates, with the states of Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh being the largest receivers of these inflows. The top five migrant-receiving states are Maharashtra, Delhi, Haryana, West Bengal and Gujarat.

With this sale, India has mopped up Rs 28,380 crore in divestment receipts, against the target of Rs 65,000 crore for 2022/23

The Dow Jones Industrial Average fell 38.0 points, or 0.11%, at the open to 33,554.93

The successful closure of the phase-1 under the solar partnership- promotion of solar/PV between SBI and KfW, paves the way for the current phase-2 in our partnership with this German lender, Ashwini Tewari, a managing director at SBI said.

Prior to this, the company had declared Rs 21 per share as the first interim dividend for FY23

“The organised market will grow at close to 15% CAGR in the next four, five years. It is a big growth there and we being one of the leaders in this segment, have grown at 20-21% CAGR in the last three, four years. We have done major expansion in the last two years. We are hopeful that we will do reasonably good business going forward also.”