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Investments by big-ticket private equity investors and venture capitalists rose 15.5% year-on-year, according to data compiled by Indian Venture Capital Association (IVCA). As many as 713 deals were signed between January and June compared with 526 in the corresponding period last year.

Daily shipments growth moderates, pegged at 20% for FY23; sale days boom muted.

ompany raises FY23 revenue growth guidance to 14-16% from 13-15% on strong demand pipeline.

The divestment is part of L&T’s asset-light strategy, which has seen the company exit several non-core assets. The L&T Infrastructure Development Projects Ltd (L&T IDPL) concessions have also been part of that list.

The use of limited liability partnership (LLP) vehicles by NRIs to repatriate funds overseas has come under the scrutiny of large domestic banks where these individuals have their non-resident ordinary (NRO) account.

ICICI Bank, Kotak Mahindra and IndusInd Bank logged their best performance in at least five years as corporate credit gathers momentum amid capacity expansions and as retail demand for cars and homes remains largely unaffected by the recent surge in inflation. For ICICI Bank, loans expanded 21.3% on year with retail loans climbing 24%, business banking portfolio growing 45% and domestic wholesale banking portfolio rising 14%.

A global slowdown or recession is also cause for concern, said joint chief financial officer V Srikanth in a post earnings call on Friday. On July 1, the government imposed a windfall tax of Rs 13 per litre on diesel exports and rs 6 per litre on gasoline exports to limit extraordinary profits of private refiners like RIL, which has been maximising exports from its refineries in Jamnagar, Gujarat.

Federal Reserve concludes a two-day meeting on Wednesday and markets are priced for a 75-basis-point (bp) rate hike, with about a 9% chance of a 100 bp hike. growth data is also due out Thursday, though markets have already been rattled by a slew of soft business indicators in Europe, which snuffed out a rally in risk assets on Friday. "

Axis Bank, Tata Steel, Tech Mahindra, Macrotech Developers, Canara Bank, GSK Pharma, Solar Industries,Central Bank of India, KPIT Technologies, IEX and IIFL Wealth are among the companies that will announce their earnings for the quarter ended June 2022.

Yellen said inflation "is way too high" and recent Federal Reserve interest rates hikes were helping to bring soaring prices back in check. Yellen, who previously served as chair of the Federal Reserve, hopes the Fed can cool the economy enough to bring down prices without triggering a broad economic downturn. Yellen said that even if the second-quarter figure is negative, it would not signal that a recession has taken hold, given the strength in the job market and strong demand.