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Today is the record date for the stock split by Hindustan Foods, Ontic Finserve, Rajnish Wellness and Shanti Educational Initiatives. Hindustan Foods and Rajnish Wellness had announced splitting of shares into face value of Rs 2 from the face value of Rs 10 while Ontic Finserve and Shanti Educational Initiatives had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.

Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 25242.21 Crore) operating in Retail sector.

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Demand in India for gasoline and distillate fuels rose to record highs in June, despite higher prices, with total refined product consumption running at 18% more than a year ago and Indian refineries operating near their busiest levels ever, RBC analysts said.

RIL, UltraTech, JSW Steel, Bandhan Bank, HDFC AMC, Crompton Greaves , Atul, Coforge, HFCL, Mahindra CIE and Vardhman Textile are among the companies that will announce their earnings for the quarter ended June 2022.

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"The quarter saw turbulent operating environment and interlinkages of inflation, reversal of accommodative monetary policy, Russia-Ukraine conflict playing out," said Sumant Kathpalia, MD, IndusInd Bank. "The first quarter is a seasonally weak one for some of our businesses. The bank has nevertheless focused on delivering on its agenda, our vehicle and MFI book had the best Q1 disbursements in their history."

"The combined reading of the agreement, call option agreements, warrant conversion option and the purchase option does not in any way lead to a conclusion of VCPL acquiring indirect control over NDTV. Thus the direction to VCPL to make an open offer in terms of... SAST Regulations... does not arise," SAT said in its 91-page order passed on Wednesday.

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​​​The number of Americans enrolling for unemployment benefits rose for a third straight week last week, while factory activity slumped this month, the newest indications the U.S. economy is slowing under the weight of rising interest rates and high inflation.

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While pipelines continue to be strong, given the valuations in the market, public capital market transactions stand deferred. You need predictable conditions to execute transactions. We are seeing strong activity in M&A and there are multiple motivations for that.

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Chief Financial Officer Zachary Kirkhorn said Tesla was still pushing to reach 50% growth in deliveries this year, adding that while the target had become more difficult, "it remains possible with strong execution."

Auto companies capex set to cross $3 billion in FY23

Updated at : 2022-07-22 07:50:02

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​​​​The automotive market capex is set to cross $3 billion, or ₹27,000 crore, in FY23, posting a growth of 24% as per estimates by Axis Capital. The forecast capital investment of auto companies in FY23 will surpass the pre-Covid capex peak of ₹26,800 crore in FY20.

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