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 two other shortlisted US firms, Oaktree Capital and Apollo Global Management, have withdrawn from the race to set up the ARC to house the private lender’s bad loans of more than ₹54,000 crore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 why Essel Group chairman Subhash Chandra is questioning Invesco’s motive behind seeking change in Zee board, also find out why big tech firms are co ... Read more
In this episode, find out about why Essel Group chairman Subhash Chandra is questioning Invesco’s motive behind seeking change in Zee board, also find out why big tech firms are coming together to form an alliance Business Term of the Day: sovereign rating Read more
In this episode, find out about why France’s AXA group plans to sell entire shareholding in ICICI Lombarad, also find out why SBI is looking to raise another round of AT1 bonds Bu ... Read more
In this episode, find out about why France’s AXA group plans to sell entire shareholding in ICICI Lombarad, also find out why SBI is looking to raise another round of AT1 bonds Business Term of the Day: Additional Tier 1 bonds Read more
In this episode, find out about why IT depth has imposed a capital gains tax on Grasim Industries, also find out why Indian markets are set to open in trade today Business Term of ... Read more
In this episode, find out about why IT depth has imposed a capital gains tax on Grasim Industries, also find out why Indian markets are set to open in trade today Business Term of the Day: capital gains tax Read more
In this episode, find out about why RIL is defending the appointment of Saudi Aramco chairman on its board, also find out why Inveco has taken Zee to court Business Term of the Da ... Read more
In this episode, find out about why RIL is defending the appointment of Saudi Aramco chairman on its board, also find out why Inveco has taken Zee to court Business Term of the Day: unicorn Read more
In this episode, find out about why India is pitching for a revision in sovereign rating, also find out why Sebi has put Adani Wilmar IPO on track Business Term of the Day: Credit ... Read more
In this episode, find out about why India is pitching for a revision in sovereign rating, also find out why Sebi has put Adani Wilmar IPO on track Business Term of the Day: Credit ratings Read more
In this episode, find out about why BPCL is looking at divestment by March 2022, also find out why RIL is in talks to buy Glance InMobi. Business Term of the Day: Non-convertible ... Read more
In this episode, find out about why BPCL is looking at divestment by March 2022, also find out why RIL is in talks to buy Glance InMobi. Business Term of the Day: Non-convertible debentures Read more
In this episode, find out about why Google has taken CCI to court, also find out why Accenture reported better than expected Q1 nos Business Term of the Day: Delisting Read more
In this episode, find out about why Google has taken CCI to court, also find out why Accenture reported better than expected Q1 nos Business Term of the Day: Delisting Read more
In this episode, find out about why IDFC shareholders rejected Vinod Rai’s reappointment, also find out why Yes bank has urged Dish TV board to hold EGM Business Term of the Day: ... Read more
In this episode, find out about why IDFC shareholders rejected Vinod Rai’s reappointment, also find out why Yes bank has urged Dish TV board to hold EGM Business Term of the Day: Deposit Insurance and Credit Guarantee Corporation Read more
In this episode, find out about why Adani Group is looking to invest $20 bn in green energy projects, also find out why global markets had a choppy trading session Business Term o ... Read more
In this episode, find out about why Adani Group is looking to invest $20 bn in green energy projects, also find out why global markets had a choppy trading session Business Term of the Day: Sustainability bonds Read more
In this episode, find out about why investors will watch out for the FOMC meeting this week, also find out why Dish TV to defer AGM to seek clearance for board changes Business Te ... Read more
In this episode, find out about why investors will watch out for the FOMC meeting this week, also find out why Dish TV to defer AGM to seek clearance for board changes Business Term of the Day: annual general meeting Read more