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"The quarter saw turbulent operating environment and interlinkages of inflation, reversal of accommodative monetary policy, Russia-Ukraine conflict playing out," said Sumant Kathpalia, MD, IndusInd Bank. "The first quarter is a seasonally weak one for some of our businesses. The bank has nevertheless focused on delivering on its agenda, our vehicle and MFI book had the best Q1 disbursements in their history."

"The combined reading of the agreement, call option agreements, warrant conversion option and the purchase option does not in any way lead to a conclusion of VCPL acquiring indirect control over NDTV. Thus the direction to VCPL to make an open offer in terms of... SAST Regulations... does not arise," SAT said in its 91-page order passed on Wednesday.

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​​​The number of Americans enrolling for unemployment benefits rose for a third straight week last week, while factory activity slumped this month, the newest indications the U.S. economy is slowing under the weight of rising interest rates and high inflation.

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While pipelines continue to be strong, given the valuations in the market, public capital market transactions stand deferred. You need predictable conditions to execute transactions. We are seeing strong activity in M&A and there are multiple motivations for that.

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Chief Financial Officer Zachary Kirkhorn said Tesla was still pushing to reach 50% growth in deliveries this year, adding that while the target had become more difficult, "it remains possible with strong execution."

Auto companies capex set to cross $3 billion in FY23

Updated at : 2022-07-22 07:50:02

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​​​​The automotive market capex is set to cross $3 billion, or ₹27,000 crore, in FY23, posting a growth of 24% as per estimates by Axis Capital. The forecast capital investment of auto companies in FY23 will surpass the pre-Covid capex peak of ₹26,800 crore in FY20.

Sebi proposes regulations for online bond platforms

Updated at : 2022-07-22 07:50:02

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For privately placed debt securities, it is mandatory to be made through Electronic Book Provider (EBP) platform, for issuers who are in existence for three years and more and where the issue size is of ₹100 crore or more.

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The net interest income, or the core income, of the bank grew at a slow pace, registering a 6% year-on-year growth to ₹1,028 crore compared with ₹970 crore in the year-ago quarter. Operating profit was down 31% to ₹529 crore.

​The Vedanta Group company reported a 44% year-on-year growth in its consolidated topline to Rs 9,387 crore. ​High power and fuel costs meant that the company’s cost of production for zinc during the quarter went up by 23% year-on-year to Rs 97,423 per ton.

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The regulator had directed Maxgrowth to pay the fine of Rs 15.61 lakh, which includes interest, all costs, charges and expenses, within 15 days.

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