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A split Congress would diminish the outlook for fiscal support measures, leading to investors to expect the Fed to sooner become less aggressive in raising interest rates, strategists at Saxo Markets wrote. They added that such an outcome could spark an equities rally and would likely put downward pressure on the dollar.

Analysts said market sentiment remains split between worries about a recession hitting demand while supply stays tight as a European ban on Russian crude looms and the Organization of the Petroleum Exporting Countries and allies, or OPEC+, cuts output

Investors initially fled Tesla on worries over share sale by Musk, who has divested at least $15 billion worth of stock. He closed the $44-billion deal last month with $13 billion in loans and a $33.5 billion equity commitment.

The five-year rupee-denominated green loan facility will help the company lower funding costs as the proceeds will primarily be used to prepay an existing offshore loan before its scheduled repayment date. The onshore loan, according to a local banker, could be priced at a spread of 200-250 basis points over three-month Treasury Bills, which yielded 6.45% in the Reserve Bank of India’s latest primary auction.

The parent company of market leader Maruti Suzuki expects to close the fiscal with sales of 3.04 million vehicles, compared to the previous projection of 2.91 million units. Sales in India are expected to grow by 21% in this period.

The heavy industries ministry has launched a probe into alleged violation of localisation norms mandated under the Faster Adoption and Manufacturing of Electric and hybrid vehicles (FAME) scheme by EV makers. While multiple companies have come under the scanner, subsidies for Hero Electric and Okinawa show "expired" status on the FAME website.

Chief executives of Hindustan Unilever (HUL), Aditya Birla Fashion & Retail, Tata Consumer Products, Titan Company and Dabur in their earnings call for the quarter ended September said they will significantly increase advertising and marketing spends this quarter and the next to improve growth.

NARCL had given a conditional offer to acquire GTL loans a fortnight ago. It offered ₹360 crore if the debt was acquired while the company was outside insolvency proceedings. However, the offer would be ₹100 crore if the bankruptcy court admits it for insolvency proceedings during the interim period.

The investment made through structured debt instruments will flow into six projects spread over nearly 7 million square feet in Mumbai and Pune. It will be utilised for financial closure of projects, repayment of high-cost debt, and working capital, the companies said.

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.