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"During intervals of depreciating rupee sectors that are driven by exports tend to benefit like pharma, textile, engineering, sugar, chemicals, and software services. Import-dependent sectors like refineries, steel and industrial gases, airlines, jewellery, cement, and fertilizers are impacted since these companies are exposed to rising input costs that will add pressure to their margins."

“I feel they are significantly degrading the value Zomato has built over the years after overpaying. They are going to pay roughly Rs 7,500 crore in total for the Blinkit acquisition – Rs 4,500 crore in stock and Rs 3,000 crore in combined losses that they are going to have to fund for whatever they have already funded plus another 18 months. It is not worthwhile for a company like Zomato which was heading closer to a point of getting positive EBITDA.”

Power Finance Corporation Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 29872.52 Crore) operating in Term Lending Institutions sector.

The global cryptocurrency market cap was trading lower at the $966.86 billion mark, dropping more than 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped close to 18 per cent to $75.16 billion.

The move comes after the Hong Kong Stock Exchange (HKEX) in January changed its rules to allow "innovative" Chinese companies with weighted voting rights or variable interest entities (VIE) to carry out dual primary listings in the city.

The mid-SUV segment grew by 8% annually over the past five years compared with 1% growth for the total PV segment. Maruti Suzuki’s exposure to the mid-SUV bracket has so far been limited even as some of the peers boast of waiting periods of 3-9 months for their respective models.

With a manufacturing or assembly base in US, Turkey and India, three of the top five tractor markets, the maker of Arjun and Novo tractors sees its volumes doubling in Brazil in the next few years and hence it is increasing its footprint with a local manufacturing base, said Hemant Sikka, president for the Farm Equipment Business at Mahindra & Mahindra.

The probability of recession for several other Asian economies remained unchanged in the survey. Economists see a 20% chance that China will enter recession, and a 25% likelihood that South Korea or Japan will enter one. Asian economies have largely remained resilient compared to Europe and the United States.

The balance is tilted in favour of Reliance as of now since Metro wants a quick exit and does not want any regulatory hurdle which could come up in the case of a foreign buyer.

Rupee has lost 6.77% to the greenback this year, ranking seventh among Asian currencies. But the rupee has fared much better against other major currencies. It has gained between 3% and 10% against the Euro, Pound and the Yen this calendar year.