Amazon.com Inc. is open to sweetening its offer for Kishore Biyani’s Future Retail Ltd (FRL). The company is looking to increase its original capital infusion offer from Rs 7000 cro to Rs 10,000 cr.
American private equity firms Cerberus Capital and JC Flowers & Co. have submitted competing binding bids to buy a majority stake in Yes Bank’s proposed asset reconstruction company (ARC). two other shortlisted US firms, Oaktree Capital and Apollo Global Management, have withdrawn from the race to set up the ARC to house the private lender’s bad loans of more than ₹54,000 crore
Vehicle registration data released by the Federation of Automobile Dealers Association of India (FADA) for the month of January showed registrations of two-wheelers shrank 10% in January this year compared to the same month last year, and tractor registrations fell 13% for the same period.
Capital markets regulator Sebi (Securities and Exchange Board India) has revised the format for abridged prospectus to further simplify, provide greater clarity and consistency in the disclosures on the front page of the offer document.
Hero FinCorp Ltd has raised ₹2,000 crore ($267 million) in growth capital from American private equity major Apollo Management and Hero MotoCorp. Apollo Global Management, committed ₹937 crore ($125 million) through its Hybrid Value Fund, while the parent, Hero MotoCorp, infused ₹700 crore As a part of the transaction, Apollo will pick up a 9-11% stake in the NBFC.
Adani Wilmar: The company will make its market debut today and the issue price is expected to be at ₹230 per share.
TVS Motor Company on Monday said its consolidated net profit declined 18.34 per cent to ₹236.56 crore for the third quarter ended December 2021 on account of lower two-wheeler sales
Jindal Stainless Ltd (JSL) on Monday said its December quarter consolidated profit rose nearly three times to ₹441.78 crore.
GlaxoSmithKline Pharmaceuticals Ltd on Monday reported a 3.93 per cent decline in consolidated net profit to ₹150.35 crore in the third quarter ended December 31, 2021.
Moving on to markets
Asian stocks and U.S. equity futures rose Tuesday Indian indices may witness a negative start on Tuesday.
The markets on Monday were severely hit by a triple blow of inflation concerns, foreign fund outflows, and fears of tightening of monetary policy.
The US market ended down in a choppy trading session on Monday as the Wall Street indices digested mixed quarterly results.
Business Term of the day
The nominal interest rate is the rate which does not take into account the inflation. This is the interest rate at which banks quote their rate of interest when lending out to borrowers.
The rate which takes into account the inflation is known as the actual interest rate. It is this rate which gives a good idea of where the economy is heading and is used for analysis by economists to understand the effects of inflation on the economy in terms of bank savings, actual lending rates and the likes.
In this episode, find out about Adani family’s sale of Rs 15,446 crore worth of stake in group cos, also find out about Greenko Energy’s fundraising plan Business Term of the Day: ... Read more
In this episode, find out about Adani family’s sale of Rs 15,446 crore worth of stake in group cos, also find out about Greenko Energy’s fundraising plan Business Term of the Day: Corporate governance Read more
In this episode, find out about Dish TV minority investors’ concerns about the company, also find out about Bajaj Finserv’s foray into the mutual fund business Business Term of t ... Read more
In this episode, find out about Dish TV minority investors’ concerns about the company, also find out about Bajaj Finserv’s foray into the mutual fund business Business Term of the Day: Transfer pricing Read more
In this episode, find out about Bharti Airtel's plans to hike mobile phone rates and Axis Bank completing the acquisition of Citibank’s consumer business Read more
In this episode, find out about Bharti Airtel's plans to hike mobile phone rates and Axis Bank completing the acquisition of Citibank’s consumer business Read more
In this episode, find out about about Dalmia Cement’s mine acquisition in Madhya Pradesh, also find out about Mahindra Logistics’ new CFO. Read more
In this episode, find out about about Dalmia Cement’s mine acquisition in Madhya Pradesh, also find out about Mahindra Logistics’ new CFO. Read more
In this episode, find out about Axis Bank’s plan to complete the acquisition of Citibank’s consumer biz by March 2023, also find out about Tech Mahindra’s tie-up with Comviva to ex ... Read more
In this episode, find out about Axis Bank’s plan to complete the acquisition of Citibank’s consumer biz by March 2023, also find out about Tech Mahindra’s tie-up with Comviva to expand the deal with Vodafone Germany Business Term of the Day: Dollar bond Read more
In this episode, find out about about Biocon’s $129 m fund raising from Kotak, also find out about Titagarh-BHEL’s bid for Vande Bharat contract. Read more
In this episode, find out about about Biocon’s $129 m fund raising from Kotak, also find out about Titagarh-BHEL’s bid for Vande Bharat contract. Read more
In this episode, find about the department of pharmaceuticals releasing the first tranche of incentives, also know about HDFC bank planning to sell Dollar bonds to support its plan ... Read more
In this episode, find about the department of pharmaceuticals releasing the first tranche of incentives, also know about HDFC bank planning to sell Dollar bonds to support its plans to expand lending outside India. Read more
In this episode, find out about Wipro’s plan to cut freshers’ salaries, also find out about Tata Motors’ MoU with Uber Business Term of the Day: Business model Read more
In this episode, find out about Wipro’s plan to cut freshers’ salaries, also find out about Tata Motors’ MoU with Uber Business Term of the Day: Business model Read more
In this episode, find out about SC’s stay over Rs 800 cr penalty on beer cos for cartelisation, also find out about NSE’s rearrangement of stocks Business Term of the Day: Company ... Read more
In this episode, find out about SC’s stay over Rs 800 cr penalty on beer cos for cartelisation, also find out about NSE’s rearrangement of stocks Business Term of the Day: Company guidance Read more
In this episode, find out about Hindustan Zinc’s plans to talk to the mines ministry to acquire Vedanta assets, also find out about Indian Oil’s clarification on the Adani Gas deal ... Read more
In this episode, find out about Hindustan Zinc’s plans to talk to the mines ministry to acquire Vedanta assets, also find out about Indian Oil’s clarification on the Adani Gas deal Business Term of the Day: Big bath Read more