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“When the rupee reaches 79, the market will try and test out whether RBI intervention is there or not. If not, they will try to take it a little bit higher and this will be the case in both bond and rupee. The rupee particularly would be more dependent on what the RBI stance is going to be in terms of intervention. They are very clear that they are not targeting level but they will definitely make that volatility low.”

“When it comes specifically to Nazara, our exposure to the skill- based, real money gaming space where these taxes are really applicable is around 5%. So there is a very limited impact on us specifically of this change. But if the 28% tax comes as an entry fee for the skill-based real money gaming businesses, then it is far more than the commission made or the rate that they make on every transaction and therefore it may completely upset the economics of that business.”

In the event of non-payment, it will recover the amount by attaching and selling their moveable and immoveable properties. He will also face attachment of his bank accounts and arrest, Sebi said in an order passed on Tuesday.The regulator, through an order passed in November 2021, levied a fine of Rs 25 lakh on Uday Agarwal.

The token, which trades for some fractional cents, plunged to $0.000009699 on Wednesday from $0.00001108. However, it was trading for $0.000009859 at 13.45 hours IST.The total market of Shiba Inu was a little over $5.4 billion, with volume remaining flat as coins worth $505.65 million exchanged hands in the last 24 hours.

“In trade generics, Cipla traditionally has been a market leader and I believe that in the next three-four years, trade generics will continue to grow faster than the market and given that they are market leaders with established equity in the system and distribution muscle, I expect Cipla to grow faster.”

As the shares acquired through the secondary market were locked in for a period of six months under the rules, the company instead issued fresh shares in FY 2015-16 against options that were exercised by employees.

However, the rules were not very clear until the Central Board of Direct Taxes (CBDT) issued clarifications on various issues as the Finance Act 2022 inserted a new section 194S in the Act from the coming month.

"All the engines are firing for Reliance Industries within oil and gas and overall. This is our top pick with a target price of Rs 3,050. Overall blended earnings are expected to grow in excess of 21% on the top line and 23% on the bottom line. They could be easily beating the overall Nifty growth for the next two years."

On the technical charts, the RSI of the stock stood at 47.43.

Promoters held 54.9 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 19.9 per cent and 10.68 per cent, respectively.