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Its revenue from operation was down 1.49 per cent to Rs 1,750.06 crore during the quarter under review as against Rs 1,776.62 crore.

Global markets have turned volatile lately, thanks to earnings impact and rate hike concerns. Analysts expect the trend to continue in the near future

The Dow Jones Industrial Average was down 15.4 points, or 0.04 per cent, at the open to 35,095.74.

"For an economy of Indian complexity. we cannot be producing fancy fictions. We will definitely be pioneers in deciding, framing policies and helping the world in saying how best this can apply to all of us."

The company, in which ace investor Rakesh Jhunjhunwala held stake till December 2020, cut its FY22 revenue guidance to 14-14.5 per cent from 14.5-15.5 per cent earlier

Amol Athawale of Kotak Securities said Nifty has traded above the 50-day SMA, but is seeing profit booking near the 20-day SMA or 17,800 level.

Consequent to the cancellation of its licence, Independence Co-operative Bank is prohibited from conducting the business of ‘banking’ which includes acceptance of deposits and repayment of deposits, the banking regulator expressed.​​

ITC on Thursday reported 12.7% growth in its standalone net profit at ₹4,156.2 crore in the third quarter ending December as compared to the same period last year, while its revenue from operations surged by 31.7% at ₹16,806.9 crore.

Total income of the company stood at Rs 4,083 crore in Q3 FY22, down from Rs 4,890 crore in Q3 FY21, Reliance Capital said in a regulatory filing.

The Nifty Pharma index closed 0.27 per cent down at 13580.3.