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 two other shortlisted US firms, Oaktree Capital and Apollo Global Management, have withdrawn from the race to set up the ARC to house the private lender’s bad loans of more than ₹54,000 crore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 BHEL getting an order from NTPC and how much film exhibition company PVR Cinemas will invest to open 100 new screens in FY23. Read more
In this episode, find out about BHEL getting an order from NTPC and how much film exhibition company PVR Cinemas will invest to open 100 new screens in FY23. Read more
In this episode, find out about the Shares of Tata Steel had a rise of 1.21% (Rs. 104.9) at 12:33 hours at BSE. So far today 52.6 Lac shares of the company were traded at the BSE. ... Read more
In this episode, find out about the Shares of Tata Steel had a rise of 1.21% (Rs. 104.9) at 12:33 hours at BSE. So far today 52.6 Lac shares of the company were traded at the BSE. Business term of the day: PLI Scheme Read more
In this episode, find out about CCI’s approval for the merger of Jio Cinema OTT with Viacom 18 Media, and also find out why the Future unit has canceled plans to sell assets Busin ... Read more
In this episode, find out about CCI’s approval for the merger of Jio Cinema OTT with Viacom 18 Media, and also find out why the Future unit has canceled plans to sell assets Business Term of the Day: First Loan Default Guarantee (FLDG) Read more
In this episode, find out about NCLT’s approval for the merger of Exide Life with HDFC Life, and also find out about the government’s plan to grant DFI status to REC to boost clima ... Read more
In this episode, find out about NCLT’s approval for the merger of Exide Life with HDFC Life, and also find out about the government’s plan to grant DFI status to REC to boost climate funding Business Term of the Day: Development Finance Institution Read more
In this episode, find out about Reliance Retail’s plan to double its borrowing limit to ₹1 lakh crore, and also find out about Fairfax’s move to sell a majority stake in Fairchem O ... Read more
In this episode, find out about Reliance Retail’s plan to double its borrowing limit to ₹1 lakh crore, and also find out about Fairfax’s move to sell a majority stake in Fairchem Organics Business Term of the Day: Mark to Market. Read more
In this episode, find out about the muted listing of Tamilnad Mercantile Bank on the bourses and about Byju’s Rs 4500 crore loss in FY21. Business Term of the Day: Benchmark Prime ... Read more
In this episode, find out about the muted listing of Tamilnad Mercantile Bank on the bourses and about Byju’s Rs 4500 crore loss in FY21. Business Term of the Day: Benchmark Prime Lending Rate Read more
In this episode, find out about Infosys’ collaboration with Bpost, also find out about JSW Steel entering into a pact with SMS Group Business Term of the Day: Know your Customer Read more
In this episode, find out about Infosys’ collaboration with Bpost, also find out about JSW Steel entering into a pact with SMS Group Business Term of the Day: Know your Customer Read more
In this episode, find out about TCS’ tie-up with US-based C&S Wholesale Grocers, also find out about Ujjivan Small Finance Bank’s QIP Business Term of the Day: Intra-day Read more
In this episode, find out about TCS’ tie-up with US-based C&S Wholesale Grocers, also find out about Ujjivan Small Finance Bank’s QIP Business Term of the Day: Intra-day Read more
In this episode, find out about Adani’s plan to overhaul the board of ACC, Ambuja Cements and also find out about Reliance Petroleum Retail’s plan to acquire Shubhalakshmi Polyeste ... Read more
In this episode, find out about Adani’s plan to overhaul the board of ACC, Ambuja Cements and also find out about Reliance Petroleum Retail’s plan to acquire Shubhalakshmi Polyesters Business Term of the Day: Personal Guarantee Read more
In this episode, find out why Reliance Jio going is close to finalizing its contract with telecom gear maker Ericsson and what are government's plans for Vodafone Idea. Read more
In this episode, find out why Reliance Jio going is close to finalizing its contract with telecom gear maker Ericsson and what are government's plans for Vodafone Idea. Read more
