Stock market holiday: In the next four days, Indian markets will be on a long break as trading in stock exchanges BSE and NSE will be shut starting from today till April 17. Meanwhile, investors moved cautiously in view of the Q4 earnings evaluating inflation turmoil just as hike in commodity prices added to the downside. Yesterday, the Indian equities scrapped their early gains and closed on a negative note for the third consecutive day.
he Holcim Group, the world’s largest cement maker, may exit India, seventeen years after it entered the country, putting its twin listed arms Ambuja Cement and ACC Ltd up for sale, as part of a global strategy to focus on core markets, Holcim is believed to have held early-stage negotiations with JSW and Adani Group, among others, to explore their interest levels. Both are recent entrants in the cement sector but have aggressive plans to ramp. Holcim controls 63.1% of Ambuja, which has a market value of about $9.6 billion.
he initial public offering of state-run Life Insurance Corp. of India has drawn significant interest from local and overseas investors, with at least 12 top fund managers committing to bring in around ₹18,000 crore as anchor investors, two people directly aware of the development said.
At least five Indian asset managers, no less than three sovereign funds, two global pension fund managers and two hedge funds have agreed to be anchor investors in the LIC IPO, the people said, requesting anonymity.
Retail payments umbrella entity National Payments Corporation of India (NPCI) on Wednesday said it has approved WhatsApp to add another 60 million users on unified payments interface (UPI), taking the total base to 100 million. India’s automakers shipped fewer passenger vehicles in March than a year earlier as supply-side disruptions persisted. The segment comprising passenger cars, utility vehicles and vans, sold 2.79 lakh units in March, a 3.93% fall year-on-year, according to data released by the Society of Indian Automobile Manufacturers on Wednesday. Sales, however, rose 6.28% over the previous month.
Capital markets regulator SEBI has penalised stock exchanges — BSE and NSE — for ‘laxity’ on their part in detecting misuse of clients’ securities worth Rs 2,300 crore by Karvy Stock Broking Ltd. In two separate orders, the Securities and Exchange Board of India has imposed a fine of Rs 3 crore on BSE and Rs 2 crore on NSE.Business Term of the day
Down trading refers to the practice of switching from expensive products/brands to cheaper alternatives in a bid to conserve cash. As customers turn price-sensitive, bells and whistles no longer appeal. Products which meet the basic requirements are preferred over those that are perceived to be value-adding. Scouting for value-for-money goods defines customer behaviour when they down trade. This trend is seen not only in small-ticket consumption items but also in vehicle or durable goods purchases.
In this episode, find out about SBI's fund raising via infrastructure bonds, also about promoter Padmaja Reddy selling stake in Spandana Sphoorty. Business Term of the Day: Alterna ... Read more
In this episode, find out about SBI's fund raising via infrastructure bonds, also about promoter Padmaja Reddy selling stake in Spandana Sphoorty. Business Term of the Day: Alternate Investment Fund (AIF) Read more
In this episode, find out why TCS announces change in senior management, also about Power Grid fund raising plan of upto Rs 5700 Cr via private placement of bonds. Business Term of ... Read more
In this episode, find out why TCS announces change in senior management, also about Power Grid fund raising plan of upto Rs 5700 Cr via private placement of bonds. Business Term of the Day: Angel investor Read more
In this episode, find out why ITC Ltd chose to retain 40% in de-merged ITC hotels, also about US court denying Go First emergency arbitration. Business Term of the Day: Arbitration Read more
In this episode, find out why ITC Ltd chose to retain 40% in de-merged ITC hotels, also about US court denying Go First emergency arbitration. Business Term of the Day: Arbitration Read more
In this episode, find out why Tata Motors is looking to convert its DVR shares into ordinary shares, also about Marico's deal with Satiya Nutraceuticals. Business Term of the Day: ... Read more
In this episode, find out why Tata Motors is looking to convert its DVR shares into ordinary shares, also about Marico's deal with Satiya Nutraceuticals. Business Term of the Day: Differential Voting Rights Read more
In this episode, find out why institutional investors voted against ACC, Ambuja resolutions, also about the fraud at Can Fin Homes. Business Term of the Day: Green finance Read more
In this episode, find out why institutional investors voted against ACC, Ambuja resolutions, also about the fraud at Can Fin Homes. Business Term of the Day: Green finance Read more
Description – In this episode, find out about ITC's de-merger plans also about Samvardhana Motherson's new global acquisition. Business Term of the Day: ChatGPT Read more
Description – In this episode, find out about ITC's de-merger plans also about Samvardhana Motherson's new global acquisition. Business Term of the Day: ChatGPT Read more
In this episode, find out why Reliance Industries reported decline in Q1 profit, also about HDFC Bank's growth target for this fiscal year. Business Term of the Day: Non-banking fi ... Read more
In this episode, find out why Reliance Industries reported decline in Q1 profit, also about HDFC Bank's growth target for this fiscal year. Business Term of the Day: Non-banking finance company Read more
In this episode, find out why Arbitrator has rejected Max healthcare's claim on Care Hospital, also about L&T's first share buyback plan. Business Term of the Day: Share buybac ... Read more
In this episode, find out why Arbitrator has rejected Max healthcare's claim on Care Hospital, also about L&T's first share buyback plan. Business Term of the Day: Share buyback Read more
In this episode, find out about BL Kashyap's contract from DLF, also about Piramal Pharma's capital raising plan. Business Term of the Day: Trust company Read more
In this episode, find out about BL Kashyap's contract from DLF, also about Piramal Pharma's capital raising plan. Business Term of the Day: Trust company Read more
In this episode, find out about NSE's pre-open session for Reliance, also about Sheela Foam's acquisitions. Business Term of the Day: Pre-open market session Read more
In this episode, find out about NSE's pre-open session for Reliance, also about Sheela Foam's acquisitions. Business Term of the Day: Pre-open market session Read more
