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“We are not going to refile for IPO as of now as the market situation is not conducive for the lenders. The full benefits of new central bank pricing deregulation and credit harmonization will reflect in this business year,” Arohan Managing Director Manoj Kumar Nambiar told ET.

The move, which is still in a preliminary stage of discussion, can help investors avoid a herd mentality that has been particularly witnessed during the last couple of years - starting with large-scale selloffs when the pandemic hit the world in early 2020, followed soon by a sharp surge in buying of stocks without understanding the fundamentals and largely on account of get-rich-quick stories and then subsequent losses.

The company works with over 46 client governments, including embassies, diplomatic missions and consulates, with an extensive network of more than 27,000 centres and a strength of over 20,000 employees and associates that provide consular, biometrics and citizen services. It has processed over 62 million applications to date globally.

To regain strength, the index needs to get past the 16,275 level, according to Mazhar Mohammad of Chartviewindia.in. "In that scenario, the pullback swing can further expand towards its 200-day EMA, whose value is around 16,545. Nevertheless, if we read the candles of the last three trading sessions in isolation, it is hinting at the short-term weakness that can be confirmed if the index slips below 16,115 level with initial targets close to 16,000 level," he said.

About 20 minutes into the trading session, the Dow Jones Industrial Average had dropped 0.6 percent to 31,162.32. The broad-based S&P 500 fell 1.2 percent to 3,852.12, while the tech-rich Nasdaq Composite Index dropped 2.1 percent to 11,395.27, after five days of steady gains last week.

Among automakers, Kotak Institutional Equities sees standalone profit for Eicher Motors climbing 116.20 per cent YoY to Rs 577.80 crore from Rs 267.20 crore. Raw material headwinds are partly offset by price hikes taken during the quarter, it said. The same brokerage sees profit for Hero MotoCorp surging 265.10 per cent YoY to Rs 1,609.20 crore from Rs 440.80 crore YoY.

It allows community members to launch, maintain and grow blockchain traffic for their respective ecosystems while empowering them to be a part of Pocket Network’s growth trajectory.

The rating agency estimates come ahead of earnings for the June quarter by a majority of companies, which come amid adverse events like the impact on commodities because of the geopolitical tensions and depreciation in the Indian rupee to record lows.

The order takes immediate effect and the mechanism is designed to "promote growth of global trade with emphasis on exports," the RBI said.

Silver also declined by Rs 136 to Rs 56,760 per kg from Rs 56,896 per kg in the previous trade."Spot gold prices for 24-carat gold in Delhi fell by Rs 114 in line with decline in COMEX gold prices," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.