Leading film exhibition players PVR Ltd and INOX Leisure Ltd announced a merger deal to create the largest multiplex chain in the country with a network of more than 1,500 screens. The boards of directors of the two companies at their meetings held on Sunday approved an all-stock amalgamation of INOX with PVR, the two companies said in separate regulatory filings.
The board of state gas utility GAIL India Ltd will on March 31 consider the buyback of shares – the second buyback in as many years.
Adani Total Gas Ltd, a joint venture of Adani group and French energy giant TotalEnergies SE, has forayed into the electric mobility infrastructure sector by launching its first EV charging station in Ahmedabad. The charging station is located at ATGL’s CNG station at Maninagar in Ahmedabad, the company said in a statement.
Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about ₹2,388 crore, according to a company filing. The transaction will be executed at a price of ₹187.88 per share.
Home grown FMCG major Emami on Friday said it has acquired the ‘Dermicool’ brand from the British multinational consumer goods company Reckitt for a total consideration of ₹432 crore, expanding its play into the prickly heat and cool talc category.
Kerala-based gold loan NBFC, Manappuram Finance on Saturday received board of directors approval for fundraising to the tune of ₹7,800 crore through issuance of redeemable non-convertible debentures in tranches for the financial year 2022-23.
Realty major DLF will invest around ₹2,000 crore to construct two new shopping malls in Gurugram and Goa, as it sees huge growth potential in organised retail with opening up of the economy after significant reduction in COVID-19 cases.
Moving on to markets
Indian indices may witness a flat to negative start on Monday.
Last week saw the markets close on a negative note after three straight days of losses.
Geopolitical tensions and supply constraints are likely to dominate the investor sentiments this week.
In Asia, shares in Japan, Hong Kong, South Korea, and Shanghai declined, while that in Australia advanced on Monday in early trade.
Business Term of the day
The Employee Stock Option Plan (ESOP) is an employee benefit plan. It is issued by the company for its employees to encourage employee ownership in the company. The shares of the companies are given to the employees at discounted rates. Any company can issue ESOP.
In this episode, find out about Aditay Birla Capital’s plans to raise Rs 1250 crore through preferential issue of shares, also find out Dish TV board’s decision to reject minority ... Read more
In this episode, find out about Aditay Birla Capital’s plans to raise Rs 1250 crore through preferential issue of shares, also find out Dish TV board’s decision to reject minority shareholders’ plea to reconstitute the board Business Term of the Day: Annuity Read more
In this episode, find out about the new CEO of TCS taking charge, also find out Adani group’s plans to raise $3.5 bn through share sale to institutional investors Business Term o ... Read more
In this episode, find out about the new CEO of TCS taking charge, also find out Adani group’s plans to raise $3.5 bn through share sale to institutional investors Business Term of the Day: Covenant Read more
In this episode, find out about slowdown in unemployment rate in urban areas, also find out about HCL Tech suing Atos. Business Term of the Day: Vande Bharat Express Read more
In this episode, find out about slowdown in unemployment rate in urban areas, also find out about HCL Tech suing Atos. Business Term of the Day: Vande Bharat Express Read more
In this episode, find out about Reliance Consumer Products’ entry into snacking business and Maruti Suzuki India expects production loss to continue in the first quarter.. Busines ... Read more
In this episode, find out about Reliance Consumer Products’ entry into snacking business and Maruti Suzuki India expects production loss to continue in the first quarter.. Business Term of the Day: Subsidy Read more
In this episode, find out about Oil India’s talks to acquire a stake in Tullow Oil’s Kenya block, also find out about Vikram Bakshi’s new investment Business Term of the Day: Dry ... Read more
In this episode, find out about Oil India’s talks to acquire a stake in Tullow Oil’s Kenya block, also find out about Vikram Bakshi’s new investment Business Term of the Day: Dry powder Read more
In this episode, find out about who are the finalists for Capital Foods, also find out why CEA Anantha Nageswaran is confident of 6.5% growth Business Term of the Day: Surety bon ... Read more
In this episode, find out about who are the finalists for Capital Foods, also find out why CEA Anantha Nageswaran is confident of 6.5% growth Business Term of the Day: Surety bond. Read more
In this episode, find out about Private equity players eye Glenmark Life Sciences, also find out HUL-Genpact deal to help scale small businesses Business Term of the Day: Debt ce ... Read more
In this episode, find out about Private equity players eye Glenmark Life Sciences, also find out HUL-Genpact deal to help scale small businesses Business Term of the Day: Debt ceiling Read more
In this episode, find out about NCLT’s rejection of IDBI bank’s insolvency plea against Zee, also find out DOT’s worry over Vi’s fund delay Business Term of the Day: Demonetisati ... Read more
In this episode, find out about NCLT’s rejection of IDBI bank’s insolvency plea against Zee, also find out DOT’s worry over Vi’s fund delay Business Term of the Day: Demonetisation Read more
State Bank of India (SBI) reports record standalone profit in Q4 FY23, driven by strong net interest income (NII) and lower provisions, surpassing the previous best. Business Term ... Read more
State Bank of India (SBI) reports record standalone profit in Q4 FY23, driven by strong net interest income (NII) and lower provisions, surpassing the previous best. Business Term of the Day - Tax collected at source. Read more
In this episode, find out about Goldman Sachs slashing Adani Group stake in ESG funds, also find out Manyavar promoters’ OFS launch Business Term of the Day: Liberalised Remittan ... Read more
In this episode, find out about Goldman Sachs slashing Adani Group stake in ESG funds, also find out Manyavar promoters’ OFS launch Business Term of the Day: Liberalised Remittance Scheme Read more
