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 Bharti Airtel’s partnership with Vultr, also find out about Aditya Birla Group’s foray into premium dining Business Term of the Day: Free float Read more
In this episode, find out about Bharti Airtel’s partnership with Vultr, also find out about Aditya Birla Group’s foray into premium dining Business Term of the Day: Free float Read more
In this episode, find out about ONGC’s talks with energy giants for deep water exploration tech, also find out why Bharti Airtel’s Q3 earnings missed estimates Business Term of t ... Read more
In this episode, find out about ONGC’s talks with energy giants for deep water exploration tech, also find out why Bharti Airtel’s Q3 earnings missed estimates Business Term of the Day: Standing Deposit Facility Read more
In this episode, find out about RIL-Ashok Leyland’s move to launch India’s first hydrogen internal combustion engine powered heavy-duty truck, also find out why the government is o ... Read more
In this episode, find out about RIL-Ashok Leyland’s move to launch India’s first hydrogen internal combustion engine powered heavy-duty truck, also find out why the government is opposing Hindustan Zinc’s plan to purchase Vedanta Resources’ global zinc assets Business Term of the Day: Credit Deposit Ratio Read more
In this episode, find out about NSE’s decision to place Adani group companies under ASM framework, also find out why the government is not looking to sell additional shares in LIC ... Read more
In this episode, find out about NSE’s decision to place Adani group companies under ASM framework, also find out why the government is not looking to sell additional shares in LIC Business Term of the Day: Budget Estimate Read more
In this episode, find out about why Citigroup’s weath arm has stopped accepting Adani Group securities, also find out why the budget announcement can hit life insurance business ... Read more
In this episode, find out about why Citigroup’s weath arm has stopped accepting Adani Group securities, also find out why the budget announcement can hit life insurance business Business Term of the Day: Artificial Intelligence Read more
In this episode, find out about Adani’s acquisition of Israel’s Haifa Port, also find out why economic survey has pegged growth lower at 6.5% in FY24 Business Term of the Day: Eco ... Read more
In this episode, find out about Adani’s acquisition of Israel’s Haifa Port, also find out why economic survey has pegged growth lower at 6.5% in FY24 Business Term of the Day: Economic survey Read more
In this episode, find out about Welspun International’s brand licensing agreement with Walt Disney, also find out why Sephora and Reliance Retail deal fell through Business Term o ... Read more
In this episode, find out about Welspun International’s brand licensing agreement with Walt Disney, also find out why Sephora and Reliance Retail deal fell through Business Term of the Day: Short squeeze Read more
In this episode, find out about Hinduja Global Solutions buyback programme, also find out why Coal India is looking to invest Rs 42,600 cr in fossil fuel missing & green energy ... Read more
In this episode, find out about Hinduja Global Solutions buyback programme, also find out why Coal India is looking to invest Rs 42,600 cr in fossil fuel missing & green energy Business Term of the Day: Short selling Read more
In this episode, find out who are the anchor investors for Adani Enterprises’ FPO, also find out why PhonePe’s investors have to take a hit of Rs 8000 cr capital gains tax Busines ... Read more
In this episode, find out who are the anchor investors for Adani Enterprises’ FPO, also find out why PhonePe’s investors have to take a hit of Rs 8000 cr capital gains tax Business Term of the Day: Public Accounts Read more
In this episode, find out about Bharti Airtel’s new entry-level tariff plans, also find out why Tata Motors to post profit after 7 qtrs Business Term of the Day: Accounting fraud Read more
In this episode, find out about Bharti Airtel’s new entry-level tariff plans, also find out why Tata Motors to post profit after 7 qtrs Business Term of the Day: Accounting fraud Read more