Gold prices eased on Tuesday as the U.S. dollar edged higher, but lingering inflation concerns kept bullion close to a more than one-week peak hit in the previous session. Spot gold inched 0.2% lower to $1,765.41 per ounce by 0530 GMT, after hitting $1,770.41, its highest since Sept. 23, on Monday. U.S. gold futures were 0.1% lower at $1,766.20.

Asian shares suffered heavy losses early on Tuesday following a broad sell-off on Wall Street, as markets fretted about the impact of multi-year high oil prices at a time when supply chain disruptions are already putting pressure on economic activity.

Earlier, Zee Entertainment Enterprises Ltd moved to Bombay High Court against the requisition of minority shareholders, Invesco and OFI Global China Fund, to convene an Extraordinary General Meeting (EGM) to discuss various issues, including removal of Managing Director Punit Goenka. The company had filed a civil suit before the high court requesting to declare the requisition notice sent to it as "illegal and invalid".

"And therefore, for a company to flourish and expand in its area of operation, the role of company secretary to make it easy, to make it ready for the company to follow the guiding principles that you might advice them with, is going to make a lot of difference," Sitharaman said.

Oil prices eased on Tuesday after climbing to their highest levels in years in the previous session on the decision by OPEC and allied major oil producers to maintain restraint on supply. Brent crude was down by 3 cents at $81.83 a barrel by 0054 GMT, having rising 2.5% on Monday. U.S. West Texas Intermediate (WTI) oil dropped 10 cents to $77.52, after gaining 2.3% the previous session.

French insurance firm Axa SA, to sell around 175 crore equity shares of ICICI Lombard General Insurance via block deal on Tuesday.

“There is a dire need for an effective refinance mechanism to ensure diversity and greater regularity in sources of funds to NBFCs,” FIDC said in its letter. “We believe that SIDBI is most suited as an institution to provide such a facility to NBFCs for onward lending to MSMEs and other appropriate sectors.”

Zostel is planning to move the Securities and Exchange Board of India (Sebi), asking it to put the proposed $1.2 billion IPO on hold, said two people with direct knowledge of the matter.

Proceedings were initiated against Aditya Birla Money based on a joint inspection conducted by Sebi, BSE, NSE and the depositories in March 2019. A special purpose inspection was also conducted by Sebi in March 2018.

Cofipalux Invest SA today bought 170,000 shares of Banswara Syntex at Rs. 168.35 apiece through a bulk deal on the BSE.