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The listed entity said it had acquired 18.51% of Earth Rhythm, a clean beauty and personal care cosmetics brand, for Rs 41.65 crore. It further said it had taken a 60% stake in Nudge Wellness, a dietary supplement and nutricosmetics products maker, for Rs 3.6 crore.

The post of the vice-chairman of the Aayog is co-terminus with the five-year term of the institution. NITI Aayog was reconstituted in 2019 after PM Narendra Modi-led BJP government came back to power for a second-term.

The scrutiny comes in the backdrop of some of these fintech firms having dealings with cryptocurrency exchanges and gaming apps, one person said.

A senior official told ET that the DoT is likely to seek clarifications by this weekend or early next week on certain issues, including on the reserve price for the millimetre wave (mmWave) in the 27.5 GHz to 28.5 GHz band that can be used both for terrestrial and satellite communication services.

The company proposes to utilise the issue proceeds towards the early redemption of non-convertible debentures issued to CDC Emerging Markets and expansion. Kotak Mahindra Capital, JP Morgan India and IIFL Securities are the bankers to the issue.

India’s consumer price index (CPI), which overshot the RBI’s upper tolerance band of 6%, is fuelled by the escalating Russia-Ukraine conflict that has upset the global supply chains. The conflict and its accompanying sanctions on Russia have also posed great risks to global growth. The CPI print rose to 6.95% in March which is a 17-month high.

The main role for monetary policy through a nominal anchor such as CPI is to deliver low and stable long run inflation and IE.

Commercial papers (CPs) are shorter duration debt instruments generally issued by companies with maturities up to one year. One basis point is 0.01 percentage point.

The Dow Jones Industrial Average fell 65.4 points, or 0.19%, at the open to 34,727.38.

BofA felt that despite markets correcting since the October 2021 peak, the prevailing 1-year forward Nifty valuations at 19.2 times look elevated given global geopolitical, monetary tightening and elevated inflation backdrop.