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 why zomato reported Q1 loss, why Reliance Energy will invest $50 m in Ambri Business Term of the Day: Employee Stock Ownership Plan Read more
In this episode, find out why zomato reported Q1 loss, why Reliance Energy will invest $50 m in Ambri Business Term of the Day: Employee Stock Ownership Plan Read more
In this episode, find out why Paytm is looking to expand ESOP pool before IPO, why SAT pronounced a split verdict in PNB Housing finance case Business Term of the Day: Anti-trust ... Read more
In this episode, find out why Paytm is looking to expand ESOP pool before IPO, why SAT pronounced a split verdict in PNB Housing finance case Business Term of the Day: Anti-trust laws Read more
As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank. These firms would make a virtual presentation ... Read more
As many as seven firms, including JM Financial, Ernst and Young and Deloitte, have bid for managing the strategic sale of IDBI Bank. These firms would make a virtual presentation before the Department of Investment and Public Asset Management, which is handling the sale process, on August 10, according to a notice by DIPAM. Read more
In this episode, find out why centre has introduced the bill to scrap retrospective tax law, why SEBI is examining Adani Power’s delisting proposal Business Term of the Day: Retr ... Read more
In this episode, find out why centre has introduced the bill to scrap retrospective tax law, why SEBI is examining Adani Power’s delisting proposal Business Term of the Day: Retrospective Tax Read more
In this episode, find out why RBI has extended the deadline for current account norms, why SBI posted a stellar Q1 numbers Business Term of the Day: FEMA Read more
In this episode, find out why RBI has extended the deadline for current account norms, why SBI posted a stellar Q1 numbers Business Term of the Day: FEMA Read more
In this episode, find out why PNB gave a go-ahead for PNBF housing finance-Carlyle deal, why Bharti Airtel’s Q1 earnings missed estimates. Business Term of the Day: ARPU Read more
In this episode, find out why PNB gave a go-ahead for PNBF housing finance-Carlyle deal, why Bharti Airtel’s Q1 earnings missed estimates. Business Term of the Day: ARPU Read more
In this episode, find out why Birla group is looking to transfer its stake in Vodafone Idea to the government, why India’s exports jumped to a record. Business Term of the Day: M ... Read more
In this episode, find out why Birla group is looking to transfer its stake in Vodafone Idea to the government, why India’s exports jumped to a record. Business Term of the Day: Mortgage Read more
In this episode, find out which 4 companies are expected to launch their public issues, when E-Rupi will be launched by PM Modi and what is it about Business Term of the Day: Repo ... Read more
In this episode, find out which 4 companies are expected to launch their public issues, when E-Rupi will be launched by PM Modi and what is it about Business Term of the Day: Repo Rate Read more
In this episode, find out why RBI imposed fine on Axis Bank, why US markets rose post FOMC meeting. Business Term of the Day: Real Time gross settlement Read more
In this episode, find out why RBI imposed fine on Axis Bank, why US markets rose post FOMC meeting. Business Term of the Day: Real Time gross settlement Read more
In this episode, find out why top Indian lenders have invested in a blockchain company, why US markets fell overnight Business Term of the Day: Net interest income Read more
In this episode, find out why top Indian lenders have invested in a blockchain company, why US markets fell overnight Business Term of the Day: Net interest income Read more
