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 two other shortlisted US firms, Oaktree Capital and Apollo Global Management, have withdrawn from the race to set up the ARC to house the private lender’s bad loans of more than ₹54,000 crore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 Hero Moto Corp’s plans to set up electric charging stations along with BPCL, also find out about Crompton Greaves’ acquisition plans Read more
In this episode, find out about Hero Moto Corp’s plans to set up electric charging stations along with BPCL, also find out about Crompton Greaves’ acquisition plans Read more
In this episode, find out why IDFC Bank’s V Vaidyanathan has gifted 9 lakh shares to his staff, also find out why Bharti Airtel is looking to raise Rs 5000 crore through rupee bond ... Read more
In this episode, find out why IDFC Bank’s V Vaidyanathan has gifted 9 lakh shares to his staff, also find out why Bharti Airtel is looking to raise Rs 5000 crore through rupee bonds. Business Term of the Day: Dollar rupee swap Read more
In this episode, find out why Indigo’s Rakesh Gangwal has stepped down from the board, also find out why Amazon and Reliance are eyeing the telecast rights to IPL Read more
In this episode, find out why Indigo’s Rakesh Gangwal has stepped down from the board, also find out why Amazon and Reliance are eyeing the telecast rights to IPL Read more
In this episode, find out why Infosys is targeting a 20% jump in annual revenue in FY22, also find out why Moody’s changed outlook on Vedanta Resources to negative. Business Term o ... Read more
In this episode, find out why Infosys is targeting a 20% jump in annual revenue in FY22, also find out why Moody’s changed outlook on Vedanta Resources to negative. Business Term of the Day: options and futures. Read more
In this episode, find out why SEBI took a U-turn on splitting CMD roles, also find out why CLSA has upgraded HDFC Business Term of the Day: Forensic audit Read more
In this episode, find out why SEBI took a U-turn on splitting CMD roles, also find out why CLSA has upgraded HDFC Business Term of the Day: Forensic audit Read more
In this episode, find out why Cipla promoters are looking to sell stake through block deal, also find out why Spicejet results were postponed for a day. Business Term of the Day: ... Read more
In this episode, find out why Cipla promoters are looking to sell stake through block deal, also find out why Spicejet results were postponed for a day. Business Term of the Day: Audit Committee. Read more
In this episode, find out why lenders to Future Retail have agreed to halt the sale of assets, also find out why Eicher Motors will announce a fall in profit in Q3 Business Term of ... Read more
In this episode, find out why lenders to Future Retail have agreed to halt the sale of assets, also find out why Eicher Motors will announce a fall in profit in Q3 Business Term of the Day: Debt Restructuring Read more
In this episode, find out why RBI Governor warned Indians against private cryptocurrencies, also find out why US markets are getting ready for a rate hike soon. Business Term of t ... Read more
In this episode, find out why RBI Governor warned Indians against private cryptocurrencies, also find out why US markets are getting ready for a rate hike soon. Business Term of the Day: Variable Reverse Repo Auction Read more
In this episode, find out why US-based private equity firm Cerebrus is looking to buy bad loans from Yes Bank, also find out why Bharti Airtel is looking to raise tariffs this year ... Read more
In this episode, find out why US-based private equity firm Cerebrus is looking to buy bad loans from Yes Bank, also find out why Bharti Airtel is looking to raise tariffs this year Business Term of the Day: Open market operation (OMO) Read more
In this episode, find out why Vedanta scrapped its plans to rejig its corporate structure, also find out why oil prices rose in trade. Business Term of the Day: Liquidity Adjustmen ... Read more
In this episode, find out why Vedanta scrapped its plans to rejig its corporate structure, also find out why oil prices rose in trade. Business Term of the Day: Liquidity Adjustment Facility (LAF) Read more
