In their respective regulatory filings, the three Future group firms informed the exchanges that they have received a letter from Sebi on August 3, 2022, addressed to the Interim Resolution Professional of FRL intimating about the appointment of Choksi & Choksi LLP as a forensic auditor.
Deputy Governor Dave Ramsden told a news conference that there would be a "high bar" to amending gilt sales due to market conditions, once the programme had begun.The BoE does not expect the gilt sales to play a significant role in tightening monetary conditions, relative to raising interest rates or the initial gilt purchases, but wants to ensure it has scope to undertake QE again if needed.
Its Revenue from operations increased 26.72 per cent to Rs 107.74 crore during the quarter under review against Rs 85.02 crore in the year-ago period."The NDTV Group is declaring its best-ever first quarter (Q1) in the last 14 years...," said an earning statement from the company.
Higher financial costs were also incurred due to a delay in HCC's debt reorganisation and are expected to reduce materially from Q3 FY23 onward, it added.According to the statement, the reorganisation of HCC's debt has achieved near finality with the signing of documents by all (100 per cent) financial institutions, with only procedural and Sebi compliances remaining.
"The outlook for the industry remains uncertain with continued electronic chip shortage and supply chain disruptions hurting the vehicle productions of OEMs and, in turn, affecting our sales. Also, the trend of acute price increase of raw materials continues to remain so, eroding the bottom-line," said Vikram Mohan, Managing Director of Pricol.
Despite such tough external conditions, the company managed to achieve a performance better than the market, and with new opportunities of growth areas identified combined with new business orders, it stays committed to deliver a consistent performance overall, he said.
Its revenue from operations rose to Rs 785 crore for the first quarter compared to Rs 606 crore in the year-ago period, the company said in a regulatory filing.
“The latest relaxation has increased investor appetite for AT1 bonds as banks will be able to raise more capital via such instruments," said Sushanta Mohanty, general manager – treasury at Bank of Baroda. “With credit demand coming up, it is helpful for banks," he said.
The company said commissioning of its blast furnace (BF) and sinter plant, and TMT bars manufacturing facility at Anjar, Gujarat was completed in July 2022.The BF can produce approximately 5,00,000 tonnes of hot metal per annum which will primarily be used for manufacturing pig iron and ductile iron (DI) pipes.
“The consolidation with high volatility is likely to continue for the next 1-2 sessions. Immediate support is placed at 17,200 and the strong resistance to be watched at 17,500 levels. A decisive move above the hurdle could pull Nifty towards the next upside trajectory of 17,800 levels.”