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We have remained bullish on the India theme, but at the same time, we had some hiccups on the global fronts because of the Russia-Ukraine war, inflation, interest rate hike cycle among others. Having said that, India has outperformed a lot and things are now getting repaired globally.

Overall, markets are well poised to deliver healthy returns as the earnings growth trajectory continues to remain strong, and equity markets will see healthy double-digit returns.

Nikola has been trying to raise cash for operations by selling equity, like other electric vehicle (EV) firms, in a turbulent market, and on Wednesday urged shareholders to vote in favor of increasing the number of shares at its annual shareholder meeting next month.

Consolidation has been observed in both AMC and insurance sectors, leading to opportunities on a stock by stock basis. Valuations in the insurance sector were at their peak, resulting in significant over-ownership, and hence, consolidated for the last two years. Likewise, AMC valuations rose due to uncertainties around expense ratios. However, the prices of AMC and insurance stocks have not fallen despite the adverse news on expense ratios, suggesting that such news has already been built into prices.

Private equity and venture capital investment into closely held companies routed through jurisdictions not mentioned will have to undergo scrutiny under the angel tax provisions for valuation.

The new platform is planning to produce 4-5 MTPA of green ammonia, green methanol and electrolysers at Kakinada in Andhra Pradesh, incurring a capital expenditure of $10 billion.

Zee Entertainment Enterprises has reported a net loss of Rs 196 crore for the three months ended March period. Total income during the quarter under review fell 8% to Rs 1,934 crore.

Most of them have used improved cash flows to cut debt for better ratings and equity valuations, despite disruptions to business due to the Covid-19 pandemic two years back.

An ET poll of 20 economists pegged growth in the January-March period in the 4.1-5.7% range with the median at 5.1%, higher than the 4.4% recorded in the preceding quarter.

Bidding for the debt sale is likely to be held from 11:00 am to 12:15 pm IST on Monday, May 29, on the BSE bond platform, sources said. The bonds are rated AAA by ICRA and India Ratings.