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Brent crude futures retreated by 46 cents, or 0.5%, to $87.17 at 0031 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, also down 0.5%, to $81.24 a barrel.
The division bench of Acting Chief Justice SV Gangapurwala and Justice SM Modak, in its detailed order, have upheld the plea filed by Axis Trustee Services and other petitioners, challenging the move of administrator appointed by the Reserve Bank of India (RBI).
The company had said if it were to participate in the bid process, the final composition of the bidding consortium would be different, and that a security clearance on the existing firm would not remain relevant, the sources said.
Yes Bank had written off AT-1 bonds worth Rs 8,415 crore as part of the bailout in March 2020
HUL, Asian Paints, Bajaj Finance, JSW Steel and Nestle India were among the biggest losers on the Nifty, while Coal India, HDFC Bank, Power Grid Corporation, HDFC and ITC ended on top of the heap
A flurry of U.S. data on Thursday indicated the world’s biggest economy was slowing down after multiple hefty interest rate hikes from the Federal Reserve as traders hope for a pause in tightening this year.
Tesla, meanwhile, will continue to take market share as global oil demand falls by 30% or more over the next five years, Wood estimated. The company’s recent moves to lower its prices will likely continue “aggressively” and put pressure on other automakers to match them, hurting its competitors “significantly,” she said.