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“It is not about any quick wins but more about steady investment which will help us get into a steady consumption cycle.”

Gold futures on MCX gained 0.10 per cent or Rs 46 at Rs 47,956 per 10 grams. Silver futures gained by 0.15 per cent or Rs 92 at Rs 62,036 per kg.

Edelweiss sess profit rising 26.5 per cent YoY to Rs 780 crore. It sees sales rising 12.2 per cent YoY to Rs 5,531 crore. The brokerage sees Ebitda margin falling 14 basis points YoY to 22.7 per cent, with input cost headwinds partly compensated by plateauing SG&A investments.

Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 33574.20 Crore) operating in NBFC sector.

Companies are upbeat about the economy and consumer confidence as most see Covid-19 as being unlikely to have an impact on the business cycle this year.

Asian stocks recovered some of their steep losses from the previous session on Friday after U.S. markets limited further declines from hawkish U.S. Fed comments, supported by a firm economy and strong earnings at Apple Inc .

Imagine Marketing, the parent company of consumer device maker Boat, plans to raise Rs 900 crore by issuing fresh stock and Rs 1,100 crore via an offer for sale, wherein existing investors will liquidate some holdings.

Metals and mining company Vedanta has raised Rs 8,000 crore secured term loan from Union Bank of India at 7.75% last month and used the proceeds to prepay high-cost debt raised at over 10% two years ago, people aware of the development said.

Chief Executive Elon Musk told a quarterly conference call that Tesla would not launch new models like Cybertruck this year because it would dent volume growth in the face of supply chain headwinds that would be alleviated only next year.

Indian Metals and Ferro Alloys Ltd (IMFA) on Thursday reported a consolidated net profit of Rs 122 crore during the December quarter of FY 22, up 3.7 times the net profit reported during the same quarter last year.