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Laxmi India Finance is a non-deposit taking NBFC focused on providing tailored financial solutions to underserved customer segments across India.

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At the interbank foreign exchange market, the rupee opened at 86.76 and then touched an early low of 86.88 against the American currency, registering a fall of 18 paise over its previous close.

Punjab Chemicals & Crop Protection has announced that it has signed three exclusive MoUs with overseas customers for high value agrochemical products and intermediates. The company intends to commercialise these products over the next 12-18 months.

The company’s shares are scheduled to be listed on the BSE and NSE on Thursday, July 31.

Earlier, trusts could place funds only in bank deposits, co-operative banks, or post offices under the Maharashtra Public Trusts Act, 1950. Any other investment required separate approval.

Volume growth in the domestic decorative business for Asian Paints is likely to be between 2% and 3%, having reported volume growth of 1.8% and 1.6% respectively in the two prior quarters.

CLSA has initiated coverage on United Spirits with a ‘Hold’ rating and a price target of ₹1,238, while it has initiated coverage on Radico Khaitan with an ‘Outperform’ rating and a price target of ₹3,098.

Shares of Mazagon Dock Shipbuilders have already corrected close to 30% from their record high levels of ₹3,775, which they hit earlier this year.

On Tuesday, market tech analyst Mitessh Thakkar recommended these stocks for the short term.