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The MoU, valid for two years, was inked in New Delhi by ONGC Director Onshore Anurag Sharma and Greenko CEO and Managing Director Anil Kumar Chalamalasetty.

The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year, according to Reuters polls of economists. Spot silver rose 0.4% to $18.68 per ounce, platinum gained 0.3% to $876.22, and palladium firmed 0.4% to $2,017.56.

If the buyout deal is completed, Twitter shareholders will be entitled to receive $54.20 in cash for each common share they own, the company said, adding that its board was strongly in favor of the takeover.

Supply-chain snafus and miscalculations around demand have added to problems. In May, Walmart said it was sitting on over $60 billion of inventory at the end of the first quarter and promised "aggressive" price cuts on items such as apparel.

"In order to ensure that the loan policy reflects approved internal risk appetite and remains in alignment with the extant regulations, it is advised that the loan policy of the bank shall be reviewed by the Board at least once in a financial year" the RBI said in a notification on Tuesday. The above instructions will come into effect immediately, RBI said.

All three private telcos - Reliance Jio, Bharti Airtel and Vodafone Idea - are said to have bid for mid- and high-band airwaves as they set the stage to launch services which can offer 10 times higher mobile internet speeds than 4G.

"Market participants at this point of time have discounted a 75bps rate hike but a 100bps rate hike could further strengthen the dollar against its major crosses," said Motilal Oswal Financial Services in a note to clients. "Recent inflation number suggests that the Fed could stick to a 75bps rate hike but cool-off in commodity prices from its recent highs could trim expectation of aggressive rate hike in the coming meeting."

Morgan Stanley has retained an overweight recommendation on the stock with a target price of ₹1,100. While Morgan Stanley has cut estimates on Tech Mahindra, the brokerage has retained its overweight stance as the company has narrowed the growth gap versus peers, has much higher operating leverage than peers, and valuation is one of the cheapest among large-caps.

The Federal Reserve started a two-day meeting, and on Wednesday it is expected to announce a 0.75 percentage point interest rate hike to fight inflation. Investors have worried that aggressive interest rate hikes by the Fed could tip the economy into recession.

Bajaj Finance, Maruti Suzuki, Tata Motors, United Breweries, Colgate Palmolive, Schaeffler, Biocon, CG Power, Laurus Labs and SKF are among the companies that will announce their earnings for the quarter ended June 2022.