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Revenue for the April-June quarter was $121.4 million on constant currency terms, or excluding the effect of exchange rate fluctuations. Loss on a non-GAAP basis — or not under the generally accepted accounting principles in the US — widened nearly three times to $15.8 million, but came in below its May forecast of $16.5-18.5 million.

Things are likely to improve hereon, paving the way for refinancing going forward. As far as new funding is concerned, companies are likely to look at the domestic market to fund their capex, Kumar said.

In a separate statement, the company said "the consolidated profit after tax (PAT) in Q1FY23 ended lower y-o-y. It is not comparable due to Rs 288 crore one-off income (Rs 238 crore net-off tax) in Q1FY22 and adverse forex movement of Rs 185 crore in the current quarter."

In a separate statement, Chander Agarwal, Managing Director, TCI Express said: "We recorded another quarter of strong performance. This growth was led by continued uptick in the economic activity and pick up in industrial production which was subdued in the comparative period due to the second wave of Covid-19."

"Further, we would like to inform you that a meeting of the capital raising committee of the bank is scheduled to be held on August 8, 2022 to consider and determine the issue price of equity shares to be issued...including a discount on the floor price, if any," AU SFB said in a regulatory filing.

Revenue from operations for the quarter under consideration stood at Rs 208.13 crore as against Rs 159.62 core in the corresponding period of last year, posting a 30 per cent year-on-growth, it said.The container cargo business grew 24.6 per cent year-on year for the quarter at 187,000TEUs (Twenty-foot Equivalent Units) while the dry bulk volume spiked 40 per cent at 0.93 million MT, the port said.

According to data from BSE, 66.58 crore equity shares of Zomato worth Rs 3,377.23 crore were traded as of 9.35 am. Similarly, 17.96 crore shares worth Rs 974.66 crore exchanged hands on National Stock Exchange (NSE), the data showed.

A 7.8% stake sale in Indian food delivery firm Zomato Ltd was executed via a block deal on local exchanges at 50.44 rupees per share on Wednesday, two sources familiar with the matter told Reuters. Zomato did not immediately respond to an email seeking comment.

Quarterly revenue for the cash-strapped operator increased 1.7% sequentially to Rs10,410 crore in the April-June quarter from Rs 10,239.5 crore in the January-March quarter. This was the fourth straight quarter of revenue growth for the loss-making operator.

The Dow Jones Industrial Average rose 118.04 points, or 0.36%, at the open to 32,514.21.