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Seeking to quell a surge in living costs, the Fed accelerated its monetary-tightening campaign last week with its biggest interest-rate increase since 1994. That drove fresh losses on Wall Street and has increased the odds of a recession, piling pressure on President Joe Biden.

The steelmaker has already developed a graphene production capacity of 100 tonnes per annum and was investing in production of medical materials at scale, according to TV Narendran, the CEO and MD of Tata Steel and Koushik Chatterjee, the company’s executive director and CFO.

Strong fund management capabilities coupled with robust risk management practices have enabled the company to consistently reward participating policyholders with a higher bonus, ICICI Prudential Life said in a statement.

"For recovery of part outstanding dues against loans availed by certain pledgers/borrowers, the Corporation on June 15, 2022, invoked the pledge on 50,00,000 shares of Ansal Housing (Ansal) aggregating 8.42 per cent of its paid-up share capital, pledged with the Corporation by the said pledger/borrower,"

“Mutual fund schemes may resume subscriptions and make investments in overseas funds/securities up to the headroom available without breaching the overseas investment limits utilized by MFs/AMCs as of EOD of February 1, 2022, at mutual fund level,”

"The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on June 20, 2022," it said.The Kishore Biyani-led Future group firm has defaulted on several payments in the last few months.

The Dow Jones Industrial Average jumped 411 points, or 1.4%. The S&P 500 climbed 1.7%, and Nasdaq 100 futures popped 1.8%. U.S. stock markets were closed Monday for Juneteenth.

FPIs sold Rs 1,956 crore worth of power stocks after investing Rs 899 crore into the sector the previous fortnight. In the metals & mining sector, outflows intensified to Rs 1,573 crore in the fortnight ended June.

"This was another quiet day for the rupee even after strong intermarket cues. Global equities are up while the dollar is down against major trading currencies," said Dilip Parmar, Research Analyst, HDFC Securities.

A banking company requires adequate capital not only to meet the needs of a growing business but also to comply with the applicable regulatory requirements, SIB said in a regulatory filing.