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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.

Brookfield India Reit is the only 100 per cent institutionally managed Reit.The company said rent payments have been near total at 99 per cent.Aggarwal said the company has generated NDCF (net-distributable cash flow) of Rs 170 crore or Rs 5.13 per unit for the quarter, in line with guidance.

"Our consolidated disbursement for the quarter stood at Rs 1,709 crore as compared to Rs 282 crore in Q1FY22 and Rs 1,900 crore in Q4FY22," it said.Break-up wise, microfinance disbursement in the June quarter was Rs 1,540 crore compared to Rs 235 crore last year. However, it was lower than Rs 1,592 crore in preceding quarter ended March 2022.

For the past 13 years, (since June 2009), the share of the government in listed companies has been steadily declining, from 22.48 per cent in June 2009, to 7.15 per cent in June 2022, primarily due to divestment, lack of many new listings as also lacklustre performance of many central units relative to their private peers.