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Stocks in focus include names like Eicher Motors which hit a fresh 52-week high, GSFC which rose more than 14 per cent, and HDFC Bank which closed with gains of over 2 per cent on Friday.

The situation in the quarter was exceptional. There was impact from the Russia-Ukraine war and entire commodity market went into a tizzy, said JSW Steel joint managing director Seshagiri Rao.

The subject has assumed importance because banks have never invoked a government guarantee in the past. Senior bank officials conveyed their reservations on the subject to the NARCL management at a meeting last week, the people cited above said.

About 52% of the institutional investors and 25% of the non-institutional public investors voted against proposals of special incentives for the two senior executives of PVR. About 64% of the shareholders voted in favour of the resolution. A special resolution requires the approval of shareholders holding at least 75% of the total equity.

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%.