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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.

Registrations for external commercial borrowing (ECB) by corporates fell to $26.6bn in the last fiscal year due to rising global interest rates. After gradually increasing during the first three quarters of 2022-23, registrations dropped in Q4. ECB inflows for the year totalled $23.8bn, only marginally higher than outflows.

Boston Federal Reserve President, Susan Collins, suggests a pause in raising interest rates to evaluate the effect of past interest rate hikes on economic activity. Inflation remains high, however, there are early signs of moderation; the Federal Open Market Committee (FOMC) may pause from raising interest rates given the restrained banking sector and calm inflation. The next FOMC meeting is due to take place on 13-14 June and a pause will allow a complete evaluation of the information available at the time. However, many reserve officials still reserve the possibility of taking action if needed.