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​​Reliance Group’s IoT (Internet of Things) business - Unlimit, which it set up in late 2016 in partnership with Cisco Jasper, shut shop last year. Its chief executive Juergen Hase left the company in January 2021 after his contract tenure expired. This is the latest impediment faced during the corporate insolvency resolution process that RCom is undergoing.

While three-wheeler sales shrank at a slower pace of 6% compared with June 2019, it is the two-wheeler segment which still remains the biggest cause of concern and is not picking up as per expectations, Gulati said. Two-wheeler retail sales increased by a fifth from a year earlier to 1,119,096 units in June, but were down 16% from the same month before Covid in 2019.

Cross-currency headwinds will also impact earnings, they said, on concerns of an impending recession in the United States, the largest market for Indian IT firms.

ED has sent out notices to cryptocurrency exchanges seeking further information under the Foreign Exchange Management Act (FEMA), they added.

The unlisted shares of PharmEasy (API holdings) are trading around Rs 45 apiece versus a high of Rs 145 expectations of listing day gains were driving shares higher. IIFL had bought a big chunk of shares at Rs 53 and offloaded the entire holding at Rs 82 in last November.

IT major Tata Consultancy Services has been selected by Finnish stainless steel company Outokumpu to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.

While half of the funds may be raised by selling units in the InvIT to existing investors including Canadian pension funds CPPIB and OTPP, the rest of the money is likely to come from a public bond sale in the local market where retail investors can buy, said people familiar with the matter.

The rupee fell to a new record low of 79.38 to the US dollar on Tuesday, a day after India logged a record trade deficit at $25.6 billion in June, up from $24.3 billion in May. The unit lost more than half a percentage point to close at 79.37 to the dollar.

Traders are also keeping a watch on economic data, including a June nonfarm payrolls report expected on Friday, and on company commentaries for signs of peaking inflation and cooling economic growth, with another earnings season around the corner.

The order comes from an interim order-cum-show-cause notice dated February 7, 2020 passed by Sebi against Profit Redefine Financial Solution (PRFS), its sole proprietor Sanjay Yadav and other entities.