Latest Stock Market News

The company has been evaluating prospects in green energy areas including green hydrogen, battery storage and offshore wind, among others, as it seeks to reduce its presence across the fossil fuel space and build new businesses around green energy.

They said the ruling could deflate an already delayed process under the Insolvency and Bankruptcy Code (IBC) and will most likely be used by unscrupulous promoters to argue against the admission of cases, potentially denting the potency of the dedicated recovery mechanism.

Centro Credit Bank, Bank Soyuz and MTC Bank are also said to be part of the group of Russian lenders that are not under global economic sanctions and are negotiating with their local counterparts, such as the State Bank of India, IndusInd Bank, Bank of Baroda and Yes Bank.

The move comes at a time when Sebi plans to file a review petition in the apex court against the August 5 order that had ruled in favour of the company on accessing the relevant documents.

"We expect a reminder that more tightening is needed and there is still a lot of progress to be done on inflation, but no explicit commitment to a specific rate hike action for September," said Jan Nevruzi, an analyst at NatWest Markets.

The bill further mandates the competition watchdog to form a prima facie opinion within 20 days of the receipt of notice. According to Gupta, these tweaks are in line with the antitrust regulator’s current practices as the average number of days to approve M&As that don’t have any adverse competition impact is currently 17 days.

After hitting a peak of ₹14.16 lakh crore in the first quarter of fiscal 2022, assets under management for the fixed-income category has been on a steady decline and since then the asset base has fallen by 13%.

In the coming months, FPI flows are to remain volatile. However, with the fading concerns of rising inflation, tightening of monetary policy and performance of first quarter earnings, inflows are likely to improve in emerging markets, said Shrikant Chouhan, head-equity research (retail) at Kotak Securities.

Investors will be paying close attention to comments by Fed Chair Jerome Powell when he addresses an annual global central banking conference in Jackson Hole, Wyoming, on Friday.

Insurance behemoth LIC witnessed a decline of nearly 20 per cent in death claims in the first quarter of this fiscal with the COVID impact seen to be ebbing, though the amount is still higher than pre-2020 levels.