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 two other shortlisted US firms, Oaktree Capital and Apollo Global Management, have withdrawn from the race to set up the ARC to house the private lender’s bad loans of more than ₹54,000 crore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 PNB’s plans to divest stake in UTI Asset Management, also find out about ZIM Labortories’ plan to get listed on NSE Business Term of the Day: Disin ... Read more
In this episode, find out about PNB’s plans to divest stake in UTI Asset Management, also find out about ZIM Labortories’ plan to get listed on NSE Business Term of the Day: Disinvestment Read more
In this episode, find out about Jet Airwarys’ employees being asked to go on leave without pay, also find out about the government’s decision to roll back export duty on iron ore l ... Read more
In this episode, find out about Jet Airwarys’ employees being asked to go on leave without pay, also find out about the government’s decision to roll back export duty on iron ore lumps Business Term of the Day: Tariff Read more
In this episode, find out about Tata Motors’ new order from Haryana Roadways, also find out why DSP Investment Managers is picking up 10% stake in Equitas Small Finance Bank Busin ... Read more
In this episode, find out about Tata Motors’ new order from Haryana Roadways, also find out why DSP Investment Managers is picking up 10% stake in Equitas Small Finance Bank Business Term of the Day: Commercial paper Read more
In this episode, find out about TRAI’s new plan to roll out mobile phone caller identity system, also find out about Bajaj Auto’s plans to sell EV scooters in SE markets Business ... Read more
In this episode, find out about TRAI’s new plan to roll out mobile phone caller identity system, also find out about Bajaj Auto’s plans to sell EV scooters in SE markets Business Term of the Day: Certificate of Deposits Read more
In this episode, find out about the listing of Bikaji Foods and Global Health, also find out about ONGC Videsh’s plan to retake its Sakhalin-1 stake Business Term of the Day: Mone ... Read more
In this episode, find out about the listing of Bikaji Foods and Global Health, also find out about ONGC Videsh’s plan to retake its Sakhalin-1 stake Business Term of the Day: Monetary transmission Read more
In this episode, find out about DCX System’ strong listing, also find out why Indian markets have surged in trade today Business Term of the Day: Custodian bank Read more
In this episode, find out about DCX System’ strong listing, also find out why Indian markets have surged in trade today Business Term of the Day: Custodian bank Read more
In this episode, find out about SUUTi’s decision to sell 1.55% stake in Axis Bank, also find out Adani Ports move to buy 49.38% stake in Indian Oiltanking Business Term of the Day ... Read more
In this episode, find out about SUUTi’s decision to sell 1.55% stake in Axis Bank, also find out Adani Ports move to buy 49.38% stake in Indian Oiltanking Business Term of the Day: Clearing House Read more
In this episode, find out about Paytm’s second-quarter earnings, also find out Macrotech’s plans to launch 16 new projects Business Term of the Day: Earnings guidance Read more
In this episode, find out about Paytm’s second-quarter earnings, also find out Macrotech’s plans to launch 16 new projects Business Term of the Day: Earnings guidance Read more
In this episode, find out about TPG’s plan to sell stake in Fourth Partner Energy, also find out why Uncademy fired 350 employees Business Term of the Day: Windfall tax Read more
In this episode, find out about TPG’s plan to sell stake in Fourth Partner Energy, also find out why Uncademy fired 350 employees Business Term of the Day: Windfall tax Read more