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"Rather than taking calls for the next 6 months, we would encourage investors to look at possibilities for the next 3 years. When we take this context, we believe that India’s nominal GDP is likely to grow at 10-12% CAGR and in turn corporate earnings are expected to grow at 12-14% CAGR. Thus, the underlying asset class of equities is likely to compound money in double digit over 3 years, as per our opinion."

“Near term, there are headwinds, coal and diesel prices continue to be high and there are cost headwinds. There is also a risk of price war in cement with a new entrant. In the near term, the cement sector may go through some more correction. But coming to long-term capex cycle thesis, cement will participate in that rally too.”

IRB Infrastructure Developers Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 14641.56 Crore) operating in Infrastructure sector.

While the United States has asked the group to boost output, spare capacity is limited and Saudi Arabia may be reluctant to beef up production at the expense of Russia, hit by sanctions over the Ukraine invasion that Moscow calls "a special operation".

Adani Total Gas, Adani Enterprises, Dabur, Britannia, Berger Paints, GAIL, Balkrishna Industries, Abbott, ConCor, Dalmia Bharat, LIC Housing and BHEL are among the companies that will announce their earnings for the quarter ended June 2022.

Consolidated revenue for the quarter witnessed double-digit growth of 22% on account of new transmission lines coming into operation and higher energy demand. Consolidated Ebitda or operating profit increased 10% to Rs 1,213 Cr in the quarter and consolidated cash profit (excluding one-time) of Rs 731 Cr increased 16% from Rs 633 crore in Q1FY22.

The Reserve Bank of India will likely ensure sufficient liquidity in the market, which will support the capex plans of companies, says Barclays Bank India managing director & head of investment banking Pramod Kumar.

Smaaash Entertainment Pvt Ltd (SEPL) was admitted by the Mumbai National Company Law Tribunal (NCLT) following a default of ₹292.4 crore to Edelweiss Asset Reconstruction Company. The company suffered losses since it was shut for 18 months during the Covid-19 pandemic, but revenues improved after the Covid-related restrictions were lifted.

Economic data showed an unexpected acceleration of services activity and a robust increase in factory orders, suggesting that the economy was healthy enough to withstand the hawkish monetary policy from the U.S. Federal Reserve.

“The aggregate value of AT1 (additional tier one) bonds held in a particular bank, at any point of time, shall not excess 10% of the total outstanding AT1 bonds of that particular bank,” Insurance Regulatory Development Authority of India (IRDAI) said late Wednesday. Earlier, the cap was meant for any particular primary issuance of those bonds, popularly known as perpetual papers.