An additional ₹2 trillion is to be spent by the Indian government in the financial year 2022-23. This is for helping consumers from hiking prices and sustaining multi-year high inflation. Additionally, the government forecasts that another 500 billion Indian rupees of investment will be required to subsidize fertilizers, which is higher than the current estimate of 2.15 trillion rupees.

Epsom Properties incurred a net loss of Rs 9 lakhs in the quarter ended March 2022 as against net loss of Rs 8 lakhs during the previous quarter ended March 2021. The luxury home builder did not report any sales in the quarter ended March 2022 and during the previous quarter ended March 2021.

An amount of ₹350 cr could be invested by LML Electric in the business for product expansion and to further set up a new manufacturing unit. It aims for a world-class EV-making plant with a capacity to make 1-million vehicles/year. The company has got multiple investment proposals from some giant investors. However, the firm will decide this only after exposing its products in Sept 2022.

Sarda Energy & Minerals reported its net profit stood at Rs 213.41 crore in the quarter ended March 2022 as against Rs 139.45 crore during the previous quarter ended March 2021, indicating a 53% increase. The leading steel producer reported its sales rally 51.14% to Rs 1051.09 crore in the quarter ended March 2022 as against Rs 695.45 crore during the previous quarter ended March 2021.

Power Mech Projects reported its net profit surged 33.48% to Rs 47.60 crore in the quarter ended March 2022 as against Rs 35.66 crore in the previous quarter ended March 2021. The Hyderabad based leading infrastructure-construction company reported its sales rose 19.49% to Rs 902.40 crore in the quarter ended March 2022 as against Rs 755.19 crore during the previous quarter ended March 2021.

As per Bandhan Bank's MD & CEO Chandra Shekhar Ghosh, the private lender will slowly hike its exposure to secured loans by boosting advances to the housing and MSME segments. Currently, the exposure to MFI loans of the bank which are unsecured stands at 47%, and the housing segment's share of advances is at 24%. The retail stands at 2% and the micro, small & medium enterprises sector at 27%.

Kuantum Papers reported its net profit fell 58.54% to Rs 4.32 crore in the quarter ended March 2022 as against Rs 10.42 crore in the previous quarter ended March 2021. The producer of high-quality writing and printing paper reported its sales rallied 48.47% to Rs 249.93 crore in the quarter ended March 2022 as against Rs 168.34 crore during the previous quarter ended March 2021.

Ganesha Ecosphere reported its net profit rallied 148% to Rs 44.12 crore in the quarter ended March 2022 as against Rs 17.80 crore during the previous quarter ended March 2021. The manufacturer of the wide range of yarns reported its sales surged 15.21% to Rs 287.15 crore in the quarter ended March 2022 as against Rs 249.24 crore during the previous quarter ended March 2021.

The steel industry players informed that applying export duty on steel items will negatively impact investors. Further, it may affect the capacity development projects under the PLI schemes. These factors were noted after the government cleared away the customs duties on raw materials as well as increased export taxes to examine its domestic prices.

A bank and payments interconnection protocol known as SWIFT has announced its ongoing experiments with decentralized platforms to bring its remittances and cross-border payments services to the upcoming group of central bank digital currencies. SWIFT is performing experiments in partnerships with Capgemini, a digital services company.

The subsidy of Rs 15,000 each for the first 5,000 buyers of heavy-duty cargo e-cycles and e-carts has been approved by the government for commercial use. According to an official statement, the govt is planning to promote e-cycles to reduce pollution levels and boost delivery services and last-mile connectivity in the city. The incentives will be paid to Delhi residents having AADHAAR.

Filecoin price analysis indicates a bullish outlook. The coin is currently moving to and fro at the $8.16 level after surfing on a bullish wave yesterday. Filecoin's value has found support at the $7.94 mark. This has caused a spike of 1.65 percent in its price. The bulls have geared up to raid the $8.31 resistance level. If they break past this resistance, they could reach up to $9.

A spinners association from the south has affirmed that small mills have opted against raw material procurement owing to the unprecedented rise in cotton prices. It is noteworthy that the price of cotton per candy has spiked by 53% in the last last 5 months and has perched at Rs1.15 lakh. This price rise can be attributed to a low production this year.

San Francisco-based fintech firm Ripple and the American regulator (SEC) are at daggers drawn and the lawsuit between them has seen some new developments. John E. Deaton, the Counsel for ‘Amici Curiae,’ has requested the court to give him permission to draft a brief on behalf of 67,300 aggrieved XRP holders so as to show the court their perspective.

Bulls made a comeback on D-street on the last day of trading this week and offset a huge portion of the losses that investors had incurred over the course of the bearish week. Have a look at stocks that stayed under the spotlight this week: 1) Welspun Corp: It witnessed a spike of 38%; 2)Elgi Equipments: Its stock gained 31%; 3)Adani Power: Its script spiked 23%.