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The engineering business reported revenues during the quarter ending June 30, 2022 at Rs 1,244 crore as compared to Rs 815 crore registered in same period last year.Revenues from the metal formed products was at Rs 335 crore during the April-June 30,2022 period as against Rs 245 crore registered in the corresponding period year ago.

It proposes to raise the capital through a combination of Rs 5,100 crore (about USD 640 million) in equity shares and Rs 3,800 crore (USD 475 million) through equity share warrants from funds affiliated with Carlyle and Advent International. Each of these investors would potentially acquire up to 10 per cent stake in the bank.

"The demand for trucks, agricultural tractors and passenger vehicles in India was healthy, albeit with semiconductor shortages affecting some segments," company Managing Director, Srivats Ram said in a company statement.

"On the back of the volume growth, gross segment revenue increased by 125 per cent," said Voltas, adding it "continues to be the market leader" in the segment with an existing market share of 24.1 per cent as of June 2022, said an earnings statement by the company.

Net profit fell to Rs 167 crore in the fiscal ended March 2022 from Rs 312 crore a year earlier mainly due to a 54% increase in operating expenses to Rs 2652 crore from Rs 1719 crore a year earlier. The bank put the "annual pre-tax" drag from the LVB acquisition at Rs 669 crore in fiscal ended up from Rs 341 crore as the majority of the impact was felt in fiscal 2022.

Shares of Easy Trip Planners, which listed on Dalal Street last year at Rs 212.25 on NSE in March last year, ended the day 3.8 per cent lower at Rs 393.50.The smallcap stock which hit a 52-week low of Rs 261 in March this year has rallied around 47 per cent on a year-to-date basis.

The Dow Jones Industrial Average fell 107.11 points, or 0.33%, at the open to 32,691.29.

Zomato on Monday said its consolidated net loss in the first quarter of the current financial year almost halved to Rs 186 crore due to higher income. The company had reported a net loss of Rs 360.7 crore in the year-ago period.

The Nifty IT index closed 0.67 per cent down at 29024.65.

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