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 two other shortlisted US firms, Oaktree Capital and Apollo Global Management, have withdrawn from the race to set up the ARC to house the private lender’s bad loans of more than ₹54,000 crore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 SBI’s plans to raise Rs 11,000 crore via bonds in FY23 and also find out why Wipro reported a fall in net profit. Business Term of the Day: Parity ... Read more
In this episode, find out about SBI’s plans to raise Rs 11,000 crore via bonds in FY23 and also find out why Wipro reported a fall in net profit. Business Term of the Day: Parity price Read more
In this episode, find out about RBI’s proposal for a four-tiered structure for Uran Cooperative banks, and also find out PNB Hsg Finance’s decision to settle the case with SEBI. Bu ... Read more
In this episode, find out about RBI’s proposal for a four-tiered structure for Uran Cooperative banks, and also find out PNB Hsg Finance’s decision to settle the case with SEBI. Business Term of the Day: Swiss Challenge Read more
In this episode, find out about Yes bank’s plans to invest Rs 350 crore in JC Flowers ARC and also find out about M&M hiking stake in subsidiary Sampo Rosenlew Business Term o ... Read more
In this episode, find out about Yes bank’s plans to invest Rs 350 crore in JC Flowers ARC and also find out about M&M hiking stake in subsidiary Sampo Rosenlew Business Term of the Day: Earnest Money Deposit Read more
In this episode, find out about HDFC bank’s plans for its HDB Financial Services & HDFC Securities, also find out about Crude oil prices trading below $100 bbl. Business Term o ... Read more
In this episode, find out about HDFC bank’s plans for its HDB Financial Services & HDFC Securities, also find out about Crude oil prices trading below $100 bbl. Business Term of the Day: non-deliverable forward (NDF) Read more
In this episode, find out why DGCA issued show-cause notice against SpiceJet, and also find out about Reliance Retail’s partnership with US apparel major Gap Inc Business Term of ... Read more
In this episode, find out why DGCA issued show-cause notice against SpiceJet, and also find out about Reliance Retail’s partnership with US apparel major Gap Inc Business Term of the Day: FCNR Deposits Read more
In this episode, find out about Byju’s fund raising plan for acquisition of 2U, also find out about CCPA’s decision to bar hotels from levying service charge Business Term of the ... Read more
In this episode, find out about Byju’s fund raising plan for acquisition of 2U, also find out about CCPA’s decision to bar hotels from levying service charge Business Term of the Day: Call money Read more
In this episode, find out why NTPC signed an MoU with the Rajasthan government for the development of 10 GW Ultra Mega Renewable Energy Power Park in Rajasthan, also find out about ... Read more
In this episode, find out why NTPC signed an MoU with the Rajasthan government for the development of 10 GW Ultra Mega Renewable Energy Power Park in Rajasthan, also find out about Coal India’s record production in June Business Term of the Day: Shrinkflation Read more
In this episode, find out about Maruti Suzuki’s plans to increase its share in the SUV segment, also find out about rupee hitting 79/$ for the first time ever Business Term of the ... Read more
In this episode, find out about Maruti Suzuki’s plans to increase its share in the SUV segment, also find out about rupee hitting 79/$ for the first time ever Business Term of the Day: Big tech Read more
In this episode, find out about TVS Motor’s plans to raise funds from PE for its EV biz, also find out about Bijy’s deal to buy 2U. Business Term of the Day: Interest rate differe ... Read more
In this episode, find out about TVS Motor’s plans to raise funds from PE for its EV biz, also find out about Bijy’s deal to buy 2U. Business Term of the Day: Interest rate differential Read more
In this episode, find out about Tata Motors’ decision to hike the price of commercial vehicles, also find out about Novartis AG’s plan to cut 8000 jobs to save at least $1 billion ... Read more
In this episode, find out about Tata Motors’ decision to hike the price of commercial vehicles, also find out about Novartis AG’s plan to cut 8000 jobs to save at least $1 billion by 2024. Business Term of the Day: Real Effective Exchange Rate Read more
