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The Nifty Auto index closed 0.42 per cent down at 13262.65.

The central bank forecasts inflation will hit a 40-year high of around 11% during the current quarter, but that Britain has already entered a recession that could potentially last two years - longer than during the 2008-09 financial crisis.

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“For our valuation and pricing exercise, we have spoken to almost 100 institutional investors across India and internationally. There are leading sovereign funds like GIC from the Government of Singapore. We have almost all leading mutual funds in India in our anchor book. Leading institutional investors from various parts of the world are there as well.”

Revenue in the quarter rose by a moderate 7.4% on year to Rs 9,075.35 crore

The brokerage also believes that the Rs 3 billion+ ad income of Nykaa also means BPC product margins are just about profitable now and that its profitability seems overly reliant on ad income.

The rupee could trade in the range of 82.50-83.20. "Exporters may sell dollars at 83 levels keeping a close watch on RBI while importers may continue to buy all dips they get," Bhansali said.

As a part of the association, Liminal users can connect their wallets to Metamask Institutional and use it just like they would use the de facto Ethereum wallet app.Metamask is a product of ConsenSys, a leading Ethereum and decentralized protocols software company. It enables us to build next-generation applications, launch modern financial infrastructure, and access the decentralised web.

“India has high tax which is probably going to kill the industry,” Zhao said in livestreamed remarks during panel at a fintech conference in Singapore on Thursday.

The plan to issue green bonds was first discussed by Finance Minister Nirmala Sitharaman in the 2022/23 budget as a part of overall market borrowing with the intention to use the funds to build green infrastructure.The government intends to issue 160 billion rupees ($1.93 billion) of green bonds between October and March.