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 why WHO has sought clarifications from Bharat Biotech, also find out why Kotak Mahindra bank’s net profit fell in Q2 Business Term of the Day: Prov ... Read more
In this episode, find out about why WHO has sought clarifications from Bharat Biotech, also find out why Kotak Mahindra bank’s net profit fell in Q2 Business Term of the Day: Provision coverage ratio Read more
In this episode, find out about why Biju’s is looking raise $500 m, also find out why Finance Minister is meeting infrastructure related ministries Business Term of the Day: Inter ... Read more
In this episode, find out about why Biju’s is looking raise $500 m, also find out why Finance Minister is meeting infrastructure related ministries Business Term of the Day: Internal Rate of Return Read more
In this episode, find out about why PhonePe is set to file a fresh suit against BharatPe, also find out why ICICI bank reported a strong Q2 earnings Business Term of the Day: Rati ... Read more
In this episode, find out about why PhonePe is set to file a fresh suit against BharatPe, also find out why ICICI bank reported a strong Q2 earnings Business Term of the Day: Rating Read more
In this episode, find out about why Indian Hotels is looking to raise Rs 4000 crore, also find out why Zee has agreed to consider Invesco’s demand for an EGM Business Term of the ... Read more
In this episode, find out about why Indian Hotels is looking to raise Rs 4000 crore, also find out why Zee has agreed to consider Invesco’s demand for an EGM Business Term of the Day: InvITs Read more
In this episode, find out about why RBI fined PayTm, also find out why Yes Bank is set to move NCLT against Dish TV Business Term of the Day: Exchange Traded Fund Read more
In this episode, find out about why RBI fined PayTm, also find out why Yes Bank is set to move NCLT against Dish TV Business Term of the Day: Exchange Traded Fund Read more
In this episode, find out about why Ola Cabs is looking to restructure its business, also find out why LIC favours Zee-Sony merger deal Business Term of the Day: Venture Capital Read more
In this episode, find out about why Ola Cabs is looking to restructure its business, also find out why LIC favours Zee-Sony merger deal Business Term of the Day: Venture Capital Read more
In this episode, find out about why Invesco has written an open letter to Zee shareholders, also find out why the government is looking at tax hike on some goods, services. Busin ... Read more
In this episode, find out about why Invesco has written an open letter to Zee shareholders, also find out why the government is looking at tax hike on some goods, services. Business Term of the Day: Turnover Read more
In this episode, find out about why SEBI has put on hold Aadhar Housing Finance’s IPO, also find out why Yes bank plans to approach NCLT post Dish TV board meet Business Term of t ... Read more
In this episode, find out about why SEBI has put on hold Aadhar Housing Finance’s IPO, also find out why Yes bank plans to approach NCLT post Dish TV board meet Business Term of the Day: enterprise value Read more
In this episode, find out about why National Company Law Appellate Tribunal has granted relief to Zee, also find out why Piramal is looking to segregate its pharma business. Busin ... Read more
In this episode, find out about why National Company Law Appellate Tribunal has granted relief to Zee, also find out why Piramal is looking to segregate its pharma business. Business Term of the Day: Demerger Read more
In this episode, find out about why Srei Group promoters have contested RBI’s move in Bombay HC, also find out why Swiggy has unveiled $40 m ESOP buyback program Business Term of ... Read more
In this episode, find out about why Srei Group promoters have contested RBI’s move in Bombay HC, also find out why Swiggy has unveiled $40 m ESOP buyback program Business Term of the Day: Foreign direct investment Read more
