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At a press conference following the results, Jindal stated, "We will be able to push even more volumes into Canada if this duty comes on China."

At the time of writing at 1:06 pm, Sensex rose by 238.54 points (0.28%) to reach 81,236, while Nifty increased by 82.05 points (0.33%) to 24,831.

The Australian dollar, which is commonly considered as a liquid proxy for the Chinese yuan, was recently up 0.12% at $0.6704.

The latest decrease was necessary after the government allowed ONGC to use additional output from its legacy gas assets for petrochemical manufacture.

The NFO is available for subscription from October 11 to October 25.

Both European network suppliers recently signed huge contracts totalling over Rs 28,000 crore to supply network equipment to Vi.

The IPO includes a fresh issue of shares worth ₹325 Crore and an offer-for-sale (OFS) of 65.26 lakh equity shares by promoters and shareholders.

The agreements were made for two hybrid projects, each with a capacity of 600 MW, for a total of 1,200 MW.

The RBI's instruction takes effect at the close of business on October 21, the central bank said in a statement on Thursday.

The gross non-performing asset (GNPA) ratio was 2.72% in the September quarter, compared to 2.89% in the June quarter.