General Atlantic, which is a U.S. private equity firm announced that it has appointed the former boss of data company IHS Markit, Lance Uggla as chief executive of its climate-focused venture named BeyondNetZero. BeyondNetZero, founded in a tie-up with the ex-chief executive of BP, John Browne, aims to focus on growth equity investments linked to the evolution of the world to a low-carbon economy.

Indian real estate development company Ashiana Housing registered a 7% rally in its sales bookings at ₹573.25 cr during the last financial year. According to the company's regulatory filing, sales bookings in the financial year 2020-21 were reported at ₹534.68 cr. In FY22, the company sold 14.76 lakh square ft in comparison to 14.97 lakh square ft in the previous fiscal.

Passenger vehicle wholesales in India fell almost 4 per cent to 2,79,501 units last month. Passenger vehicle (PV) dispatches from factories to dealerships in March 2021 stood at 2,90,939 units. Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales also fell 21 per cent to 11,84,210 units as compared with 14,96,806 vehicles in March 2021.

BlackRock Inc. posted greater quarterly profit even as market volatility sunk the investment firm’s assets under management to $9.6 trillion. It reported net income of $1.4 billion, or $9.35 a share, in the first quarter of 2022 ending March 31, up 20% from $1.2 billion in the same period a year earlier. Revenue rose 7% to $4.7 billion, slightly below analysts’ estimates of $4.76 billion.

ICRA Analytics announces that it is planning to add more delivery centres across India from four such facilities at present. The analytics firm offers risk management, market data, and knowledge services to banks, mutual funds, and insurance companies. The company mentioned that so far in this trend posted that 70% of its revenue comes from global deliveries and the rest from the country.

The IT major Infosys is joining a long list of global IT and software players, who have suspended its operations in Russia. The Indian IT major is moving its business out of Russia in the wake of Moscow’s offence with Ukraine. “Moscow has no plans to nationalise foreign companies leaving Russia,” said the speaker of Russia's upper house of parliament Valentina Matviyenko.

Mesh, a performance management startup, has raised $11 Mn in a Series A funding round led by venture capital firm RTP Global. YC Continuity, Sequoia’s Surge, Viral Bajaria, Ankit Nagori, Sumon Sadhu and Hemant Bhardwaj also participated in the round. The freshly infused funding will be utilized on building a global team for further expansion in the U.S. and APAC markets.

The fourth-quarter earnings of Mindtree have been estimated by Prabhudas Lilladher. The IT firm may report a net profit of ₹434.7 cr decline of 0.6% quarter-on-quarter (up 37% year-on-year). As per the brokerage firm, the Net Sales of the company are projected to increase by 5.2% QoQ (up 37.1% YoY) to ₹2,891.8 cr. Also, the EBITDA may decline by 0.4% QoQ (up 27.5% YoY) to ₹589.9 cr.

JPMorgan Chase & Co. reported a $524 million loss in the first-quarter results on the back of market fallout due to Russia’s war on Ukraine. The company stated that the loss was determined by “funding spread widening as well as credit-valuation adjustments relating to both increases in commodities exposures and markdowns of derivatives receivables from Russia-associated counterparties.”

The fourth-quarter earnings have been speculated by Prabhudas Lilladher for Tech Mahindra to register a net profit of ₹1,470.2 cr, which is a jump of 5.9% quarter-on-quarter (up 36% year-on-year). According to the brokerage house, the net sales of the IT firm are expected to increase by 5.7% QoQ (up 24.4% YoY) to ₹12,105.1 cr. Also, EBITDA may deliver a rise of 2.8% (up 8.7% YoY) to ₹2,118.4 cr.

On Wednesday, the board of directors of the IT major Infosys considered and nodded to paying out the final dividend of Rs 16 per share in the next couple of months. The record date is fixed as June 1, 2022. The company will pay the dividend on June 28, 2022. With this, the company has notified a total dividend of nearly Rs 13,000 crore (approx $1.74 billion) for FY22.

Infosys is India's second-largest software firm reportedly grew faster than its bigger competitor TCS in revenue for the third year in a row. Infosys posted revenue of $16.3 bn, improving 20.3% for the year ended Mar'22. On the other hand, TCS grew 15.9% with the revenue at $25.7 bn. This shows that Infosys has kept that trajectory for three years in a row, starting from FY20.

After reporting a strong increase in profits for 2021, the coffee maker Lavazza stated that it anticipates the company to face more challenges in 2022 due to a rise in the prices of raw materials. It had decided to hang up all its activities in Russia and also temporarily suspended distribution in Ukraine. The prices rise is on the account of global supply chain issues.

An optimistic super app by Tata Group's Tata Neu has cloaked more than one million sign-ups and downloads. This number was reached by the app within 24-48 hours of its launch. This segment is very much contributing to the marketing boost it is receiving from Tata IPL 2022. However, many users have complained about a range of issues like app glitches, slow app loading speeds, and login issues.

Infosys Ltd posted a consolidated net profit of Rs 5,686 crore for the fourth quarter ended March 2022, registering an on-year growth of 12 per cent. On a sequential basis, the profit has declined by 2 per cent. It reported a consolidated profit after tax (PAT) of Rs 5,076 crore during the corresponding period a year ago, while PAT in the last quarter stood at Rs 5,809 crore.