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“In terms of segments where demand is considerably strong, we are seeing a slew of product launches which has helped in terms of numbers and recovery in terms of overall growth. In terms of the segments within the auto space, especially on the four-wheeler passenger vehicles segment, inventory levels are fairly low. Incrementally demand remains fairly strong. ”

The Nifty Realty index was trading 1.1 per cent down at 445.1.

"Our product mix remains balanced, with non-par savings at 35%, participating products at 30%, ULIPs at 25%, individual protection at 5% and annuity at 6%, based on individual APE during Q1 FY23. On total APE basis, our non-par savings segment has grown by 29%, protection by 31%, annuities by 39%, par by 23%, and UL by 10%."

Fed chair Jerome Powell, who sounded more hawkish than anticipated, has increased the interest rate forecast to 4.4% by the end of 2022. The indication is that 125 bps more rate hikes can be expected in the remaining two policy meetings scheduled this year.

In line with group level 5S strategy – simplification, synergy, scale, sustainability, and speed – proposed Scheme will simplify group holding structure, improve agility to enable quicker decision making, eliminate administrative duplications, consequently reducing administrative costs of maintaining separate entities, Tata Steel said.

A total of 2,960 shares changed hands on the counter till 10:35AM (IST)

Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 242397.43 Crore).

For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 3326.03 crore, down 22.26 per cent from last quarter total income of Rs 4278.17 crore and up 30.86 per cent from last year same quarter total income of Rs 2541.71 crore.

“The last several years has been largely retail-led credit growth but we expect the corporate credit growth to pick up. Anyway with higher inflation levels working, capital requirements are also going up. We are fairly positive on lenders as rising interest rates would be positive for their NIMs, at least in the initial part of the rate cycle. Financials is definitely a good space.”

UPL Ltd. key Products/Revenue Segments include Agrochemicals, Export Incentives, Sale of services, Other Operating Revenue, Royalty Income for the year ending 31-Mar-2022.