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The government is likely to address concerns of the insurance industry and align surety bond issuers’ rights in line with other creditors under the insolvency code. Non-life insurers had earlier said that one of the challenges in issuing surety bonds was that the bankruptcy code does not recognise rights of insurance companies on a par with other financial creditors.

Huhtamaki India, along with AJR Infra and Tolling and Indian Sucrose, will announce its results for the quarter ended on December 31, 2021.

The company is likely to dilute 10-12% stake through the proposed IPO, which will consist of a fresh issue of shares and an offer for sale (OFS), the people cited earlier said. The proposed share sale is likely to be launched in the second quarter of the new financial year.

We may see select banks, autos, metals, and infrastructure stocks see an extension of the pullback; along with this, some defensive play in the consumption and IT groups can also be expected.

Reliance Industries Ltd will rebrand the Future stores after the company failed to make payments for them to Reliance, sources said on Saturday, closing most outlets of the popular Big Bazaar chain.

Airtel is the second telco after market leader, Reliance Jio, to receive funding from Google. The US search services leader needs more and more people on the internet, which India with 1.3 billion people offers, while telcos like Airtel and Jio need more customers to use smartphones to drive up data consumption and revenue, say analysts.

Among the benchmark indices, BSE Sensex wiped out close to 2,000 points or 3 per cent and settled merely above 55,850 mark. Its peers, Nifty50 lost over 600 points or 4 per cent during the weekend and settled just above 16,650. Among the broader markets, the midcap index registered a 3 per cent fall whereas the index for smallcap stocks tanked 5 per cent during the week

"IT will bounce back very well because now as you look forward another two, three weeks March 16th the Fed meeting is very critical for markets."

In the show cause notices issued to NIEFL and NIFL, it was alleged that the two entities suppressed the fact that they belong to same investor group and only after depository NSDL informed about the breach of the prescribed investment limit of 10 per cent of the paid up capital by them in respect of few scrips of companies, they requested to reclassify their investment from FPI to Foreign Direct Investment (FDI).

Firms already struggling to maintain margins in the face of surging costs saw everything from natural gas to food and aluminum soaring.