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The global cryptocurrency market cap was trading higher at the $1.10 trillion mark, rising higher by 2 per cent in the last 24 hours. However, the total trading volume dropped as much as 6 per cent, close to $41.98 billion.

On the Nifty 50 index, Hindalco and Mahindra & Mahindra jumped 2 per cent each, followed by Maruti Suzuki, Reliance and Adani Ports. Among the losers, Bharat Petroleum plunged more than 4 per cent, whereas SBI tanked over 3 per cent. Infosys, SBI Life and Kotak Mahindra Bank were also down by half a per cent each.

Petronet LNG Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 31545.00 Crore) operating in Gas & Petroleum sector.

Bharti Airtel, Adani Ports and Special Economic Zone, Power Grid Corporation Of India, Samvardhana Motherson International, Delhivery, Torrent Power, Whirlpool Of India and National Aluminium Company are among companies that will announce their quarterly earnings today.

"Our digital capabilities have helped us serve our customers seamlessly even during the pandemic in all our markets, including India. Our suite of digital offerings helped MSMEs (Micro, Small and Medium-sized Enterprises) in India meet working capital needs and operational liabilities," underlined the tech-savvy banking veteran. DBS also helped MSMEs in India to navigate the challenging business environment by disbursing loans to the segment during the lockdown months.

The revamp will include an option of filing complaints in regional languages. This can be attributed to making the process of complaint redressal more efficient. The Integrated Grievance Redressal System (IGMS), launched in 2011, is being upgraded to make it more convenient for customers. It is to be renamed as Bima Bharosa.

The development comes at the time when the resolution is at an advanced stage, and financial bids are expected to be submitted latest by August 10 for taking over debt-ridden Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL).

The takeover of the Gujarat plant will offer much-needed capacity for Tata Motors, which has set its sights on crossing half a million annual sales this financial year, up from 370,400 in FY22. The company is currently operating at 85-90% capacity and to sustain this momentum it will need fresh capacity.

The provision coverage ratio of the PSBs, a measure of health that captures amounts set aside to cover bad loans, has improved to 86.9% at the end of March 2022 from 46% at the end of March 2015. The state-run banks have recovered ₹5.17 lakh crore in non-performing assets (NPAs) and ₹1.24 lakh crore in written-off accounts since FY15.

A capital reduction is done when companies want to decrease their shareholding. This could be done through either a share cancellation or a share buyback. In the ruling, NCLAT said that the capital reduction was approved by all the shareholders with the objective of reducing the overall weighted average cost of capital and improving the earnings per share, and there were no objections from any of the creditors of the appellant.