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 two other shortlisted US firms, Oaktree Capital and Apollo Global Management, have withdrawn from the race to set up the ARC to house the private lender’s bad loans of more than ₹54,000 crore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 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
In this episode, find out about Sembcorp Ind’s plan to sell entire stake in Sembcorp Energy, also find out about DreamFolks’ IPO plans Business Term of the Day: Multibagger Read more
In this episode, find out about Sembcorp Ind’s plan to sell entire stake in Sembcorp Energy, also find out about DreamFolks’ IPO plans Business Term of the Day: Multibagger Read more
In this episode, find out about Tamilnad Mercantile Bank’s IPO opens today, also find out about Mahindra Lifespace is targeting a 2.5 fold jump in annual sales bookings over next 3 ... Read more
In this episode, find out about Tamilnad Mercantile Bank’s IPO opens today, also find out about Mahindra Lifespace is targeting a 2.5 fold jump in annual sales bookings over next 3 years Business Term of the Day: NRE Deposit Read more
In this episode, find out about Aurobindo Pharma’s arm’s plans to invest Rs 300 cr for capacity expansion, also find out about Adani Enterprise’ entry into NSE Nifty50 index Busine ... Read more
In this episode, find out about Aurobindo Pharma’s arm’s plans to invest Rs 300 cr for capacity expansion, also find out about Adani Enterprise’ entry into NSE Nifty50 index Business Term of the Day: F&O expiry Read more
In this episode, find out about Indiabulls Housing Finance’ plan to issue NCDs and also find out about Dish TV Chair Jawahar Goel’s decision to step down Business Term of the Day: ... Read more
In this episode, find out about Indiabulls Housing Finance’ plan to issue NCDs and also find out about Dish TV Chair Jawahar Goel’s decision to step down Business Term of the Day: Forward Premium Read more
In this episode, find out about TMB’s IPO set to open on September 5 and also find out about India’s Q1 GDP to be released today Business Term of the Day: Business Cycle Read more
In this episode, find out about TMB’s IPO set to open on September 5 and also find out about India’s Q1 GDP to be released today Business Term of the Day: Business Cycle Read more
In this episode, find out about BPCL’s plan to scale up its renewable energy portfolio to 10 GW by 2040, and also find out about Mahindra Electric Mobility Limited (MEML)’s all-ne ... Read more
In this episode, find out about BPCL’s plan to scale up its renewable energy portfolio to 10 GW by 2040, and also find out about Mahindra Electric Mobility Limited (MEML)’s all-new cargo electric three-wheeler – Zor Grand. Business Term of the Day: Jackson Hole Economic Symposium Read more
