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According to their latest annual reports, HUL and ITC saw 33% and 44% increase in the number of eight-figure salary earners in FY22, respectively, while United Spirits reported a massive 113% surge. At ITC, 220 employees earned more than a crore last year. The number was 163 for HUL and 49 for USL

The discussions for a minority stake are expected to gather momentum in the coming weeks as ADIA, one of the leading sovereign funds (SWFs) in the world, looks to double down on India’s financial services space, people cited above said.

The largest account on the list is Srei Equipment Finance with an outstanding loan of Rs 22,485 crore. The list also includes Srei Infrastructure Finance (Rs 10,330 crore outstanding), Future Retail (Rs 10,700 crore), Future Entertainment (Rs 5,800 crore), Future Lifestyles Fashions (Rs 1,781 crore), Future Supply Chain Solutions (Rs310 crore), and Future Consumers (Rs 281 crore).

The differences between the two camps (IAMAI and BACC) had been simmering for many months, with crypto players feeling that IAMAI wasn’t doing enough to push their cause, while the industry body felt that the crypto players needed to do more in terms of compliance with government regulations.

"The bank is steadily improving its return ratios and this would drive the next leg of re-rating," said Kotak Institutional, adding that Federal Bank is its preferred pick among mid-tier banks.

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With the rupee breaching the psychological ₹80 versus the US dollar for the first time and the spot market USD-INR gauge heading towards that mark, companies that have significant overseas liabilities fear margin pressure will impact their nascent revival after the pandemic.

"Oil is opening the week softer as the market digests the demand impact of the rise in new COVID cases in China and as the market cautiously awaits the monumental event risk if Nord Stream 1 gas flow from Russia to Europe will resume later this week," said Stephen Innes, managing partner at SPI Asset Management.

​​​​​The European Central Bank is expected to raise interest rates by 25 basis points at its policy meeting later this week. IMF Chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the "exceptionally uncertain" global economic outlook could turn worse if higher prices persisted.

The euro last bought $1.0094 and the yen, which has tumbled about 17% this year, steadied at 138.29 per dollar. The New Zealand dollar and the Aussie inched higher after inflation surged to a three-decade high in New Zealand.