Stock market update: Auto stocks gain; Motherson Sumi jumps 5% – Economic Times

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Some of the biggest Adani Group backers from the Gulf and other sovereign wealth funds and financial institutions, are expected to be among the largest buyers in the upcoming follow-on public issuance of Adani Enterprises (AEL).
The Bombay High Court granted interim bail to ousted ICICI Bank chief executive Chanda Kochhar, husband Deepak Kochhar on Monday, ruling that their arrest by the Central Bureau of Investigation (CBI) in a loan fraud case was in violation of the provisions of law.
Tata Consultancy Services (TCS) reported 11% on-year growth in net profit for the third quarter of the financial year. An ET poll of analysts had expected the Mumbai-headquartered company’s profits to expand by 12.5%.
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