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Sona BLW Precision Forgings Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 34736.85 Crore) operating in Auto Ancillaries sector.

V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services said that with the monetary policy coming on expected lines without any significant market impact, the focus now will be on US inflation data and its implications for interest rates and equity markets.

"The Company is unable to service its obligations in respect of the interest on Non-Convertible Debentures...," it added.

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.