News Overview

After Dharwad in Karnataka, this would be Tata Motors' second facility in South India.

This comes as the Reserve Bank of India (RBI) has criticised Paytm's payment banks for breaches in due diligence.

With credit cards constituting 1-20% of banks’ total loans, 30-80% of the cards being co-branded, and the recent increase in risk-weights — analysts of IIFL Capital Services expect the revenue to be impacted — less for large banks, but more for smaller banks and select NBFCs.

Viacom18, primarily owned by Reliance, operates 40 television channels including Comedy Central, Nickelodeon, and MTV.

Spot gold was unchanged at $2,173.89 an ounce. The price of US gold futures fell 0.1% to $2,178.20.

U.S. West Texas Intermediate (WTI) oil was up 7 cents, or 0.9%, at $79.79 per barrel, while Brent futures up by 10 cents, or 0.12%, to $84.13 a barrel.

The Fed's new economic estimates will be of interest, as it is largely anticipated that it will maintain its current rate of growth at its meeting next week.

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes. These influences lead to varying fuel rates across different states in the country.

During the ban period, no fresh positions are permitted for any F&O contracts of the specified stocks.

Subscription data revealed that qualified institutional buyers led the charge, subscribing 17.50 times the allotted quota, followed by non-institutional investors who subscribed 9.5 times their reserved portion. Retail investors also showed interest, bidding 4.01 times the reserved portion, while employees exhibited aggressive bidding, subscribing 6.88 times their set-aside portion.