Paytm's dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indian history, six analysts and bankers said on Friday.

Indian companies have raised a staggering $9.7 billion through initial share sales in the first nine months of 2021, for the highest such tally in any of the corresponding periods of the last two decades, said accountants EY.

But offerings planned for later this year, such as those by payments rival MobiKwik and hotel aggregator OYO, will face questions after Paytm's debut plunge of more than 27 percent, as investors turned queasy at its lack of profits and lofty value.

Markets regulator Sebi has tweaked the criteria for determining "fit and proper person", according to a notification issued on Wednesday.

Under the new framework, these criteria will be principle-based and/or rule-based.

The principle-based criteria include integrity, honesty, ethical behaviour, reputation, fairness, and character, according to the notification.

Further, the rule-based norms will determine the fit and proper status of the person based on the disqualifications as has been prescribed.

India's economy is moving towards a higher growth trajectory and is likely to grow at around 10 per cent in 2021-22, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman Bibek Debroy said on Wednesday.

“I am confident that we are on a path towards a higher growth trajectory, higher poverty reduction, higher employment, and a prosperous, more developed and better governed India. I think it is, more or less, agreed that the real rate of growth this year (FY2022) is going to be around 10 per cent,” Debroy said at an event.

At the beginning of FY2021-22, the forecasts for real growth were in the 8.5-12.5 per cent range, he noted.

Maruti Suzuki recently launched the new Celerio in India. The car is now claimed to be the most fuel-efficient car in India and goes up against some of the most popular offerings like the Tiago and others. Hence, here is how the two cars fair against each other on paper.

Maruti Suzuki Celerio Design:The new-gen Maruti Suzuki Celerio comes with all-new front and rear bumpers, new sweptback headlamps, front bumper with a large black insert, fog lights, blacked-out B-pillars, new 15-inch black alloy wheels, a driver-side door-mounted request sensor, ORVMs with turn indicators, a rear wiper and washer, as well as new taillights.

Tata Tiago Design: In terms of exteriors, the Tata Tiago gets a revised fascia with a new grille, a reworked front bumper, new air dam, circular fog lights, black ORVMs, and a new set of 15-inch dual-tone alloy wheels.

The Centre on Monday decided to release an additional Rs 47,500 crore to states as their share of taxes in order to boost capital spending, especially for infrastructure. The Centre said the reduction in excise duty on petrol and diesel would not impact transfers to states.

While states were to be given Rs 47,541 crore by next Monday, finance minister Nirmala Sitharaman, following her consultation with states and Union territories, asked officials to release a matching amount.

Typically, funds are transferred in 14 instalments to states with three paid in March. This time one tranche is being released in November instead of March, Sitharaman told reporters at a late evening press conference.