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HDFC, Sun Pharma, NTPC, HDFC Life, Indian Oil, DLF, Ashok Leyland, Cipla, Chola Finance, Torrent Pharma, Piramal Enterprises, Star Health and GMR Infra are among the companies that will announce their earnings for the quarter ended June 2022.

The partners are also shaping the company’s board composition, roping in independent directors, to meet local capital market laws. Rules require the board to be made up of 33% independent directors, if its chairman is an independent director.

"When you think about the number of challenges in the quarter, we feel really good about the growth that we put up," Apple chief executive Tim Cook said on an earnings call. For Apple, product sales tallied $63.4 billion in a drop from the same period a year earlier, but the dip was more than made up for by services revenue that climbed to $19.6 billion, earnings figures showed.

U.S. equities, however, rallied this week as comments by Federal Reserve Chair Jerome Powell led to speculation that rate hikes would begin to slow and eventually turn to rate cuts in 2023. Shares of Amazon and Apple shot up 12% and 3% each after hours after the tech giants reported earnings that beat expectations.

“On a review of the issues involved and after detailed discussions with all stakeholders, as also keeping in view that sufficient time has elapsed since the requirements were specified, there shall be no change in the effective date of implementation of the requirements – all entities, except card issuers and card networks, shall purge the CoF data before October 1, 2022,” the regulator said in a notification on its website.

“Keeping in view the disruption caused by the COVID-19 pandemic, and to ensure smooth functioning of the payments ecosystem, it has since been decided to allow another window to all such PAs (existing as on March 17, 2020) to apply to RBI,” the regulator said in a notification on Thursday.

Among the decisions is allowing banks to sell insurance policies of up to nine insurance companies, the biggest distribution reform since the regulator allowed corporate agents like banks to sell policies from three insurance companies as part of the open architecture policy implemented since April 2016.

Banks like HDFC Bank, Axis Bank, IndusInd and Bandhan have seen attrition between 30-50%. The worst affected is the microfinance sector where companies have seen attrition as high as 60% among young employees.

Africa-based bottle maker Madhvani Group and AGI Greenpac, known as makers of Hindware products, also submitted separate resolution plans for the Kolkata-based bottle maker undergoing insolvency proceedings.

These RHC group companies were in turn entirely held by Shivinder Singh and Malvinder through Shivi Holdings and Malav Holdings. Religare Finvest (RFL) was a material subsidiary of REL during the probe period. Sebi said RFL had granted unsecured loans to a number of entities under its corporate loan book.