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Group chief financial officer Bharat Madan told ET that the outlook for all its three business verticals — agri machinery, construction equipment and railways — was positive as the market was witnessing a recovery.

Speaking at Baird 2022 Global Consumer, Technology & Services Conference in New York on Tuesday, McKenna said there has been “clear proof of value”. Walmart had invested in Flipkart at a valuation $20 billion. Last year, the Indian company raised $3.6 billion from Walmart and SoftBank at a valuation of close to $38 billion, she pointed out.

The Dow Jones Industrial Average fell 269.24 points, or 0.81%, to 32,910.9; the S&P 500 lost 44.91 points, or 1.08%, to 4,115.77; and the Nasdaq Composite dropped 88.96 points, or 0.73%, to 12,086.27.

Returning to profit in FY22 after witnessing heavy losses for two consecutive years, Yes Bank has kicked off the process of forming an alternate board as it has come out of the reconstruction scheme.

Speculation is growing that red hot euro zone inflation could push the ECB into kicking off its hike campaign with a large 50 basis point rate increase.

Elecon Engineering Company which had announced a special dividend of Re 0.4 per share, will also go ex-dividend today.

While all banks will automatically pass on the entire repo rate increase to customers who had availed of loans linked to external benchmarks, in the case of Marginal Cost of funds-based Lending Rate (MCLR) and fixed rate loans, their asset liability committees are expected to take a call on the quantum of the hike.

Indian refiners have been snapping up cheap Russian oil, shunned by western companies and countries since sanctions were imposed against Moscow for its invasion of Ukraine on Feb. 24, which Russia calls a "special military operation".

Hindustan Zinc was a government-owned company till 2002. In April 2002, the government offloaded 26 per cent stake in HZL to Sterlite Opportunities and Ventures Ltd for Rs 445 crore -- giving Vedanta group management control in HZL.

"Real GDP is projected to grow by 6.9% in fiscal year (FY) 2022-23 and 6.2% in FY 2023-24, despite a pick-up of corporate investment facilitated by the Production-Linked Incentive Scheme," OECD said in its latest economic outlook.