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The odds for a 100 basis point rate hike jumped more than 20% after the consumer price index showed an increase from July. With hopes of a “Fed pivot” firmly dashed, the S&P 500 Index tumbled as much as 3.2%.

Similar trends were witnessed in Nifty, which declined 66.30 points or 0.37 per cent and managed to end the day at 18,003.75 points. With the higher than expected inflation reported in the US in August, there are now concerns that the US Federal Reserve is likely to go for aggressive rate hikes, pushing global markets into the red.

They said premises linked to certain payment gateway operators, some companies engaged in these loan app transactions and operators in around three states are being searched. A spokesperson for Paytm said the action was linked to the same matter where the agency had undertaken searches earlier this month.

According to multiplexes, footfalls and theatre occupancy continue to be 20% lower than their pre-Covid levels, which is the problem area for the industry. To drive footfalls, they have joined forces to celebrate a National Cinema Day this Friday, offering tickets at ₹75. As of Wednesday, 4,000-plus screens are about to participate, including PVR and Inox.

Three creditors - two financial and one operational - have filed claims totalling around Rs 1,100 crore before the National Company Law Tribunal (NCLT), said an update on other matters under the Insolvency and Bankruptcy Code by FLFL.

The date date of allotment for first series is September 20, 2022 and its date of maturity is September 20, 2027.

"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.

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The Dow Jones Industrial Average rose 36.05 points, or 0.12%, at the open to 31,141.02. The S&P 500 opened higher by 8.04 points, or 0.20%, at 3,940.73, while the Nasdaq Composite gained 46.83 points, or 0.40%, to 11,680.41 at the opening bell.

However, the COMEX spot price of gold was marginally lower at USD 1,723.60 per ounce compared to USD 1,723.70 per ounce on Monday.Unlike gold, silver price in the national capital jumped Rs 760 to Rs 57,974 per kg. On Monday, the level was Rs 57,214 per kg.