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 the government extending restrictions for sugar exports to October 23, also find out Maruti Suzuki recalling over 9000 units of Wagon R, Celerio, Ig ... Read more
In this episode, find out about the government extending restrictions for sugar exports to October 23, also find out Maruti Suzuki recalling over 9000 units of Wagon R, Celerio, Ignis Business Term of the Day: Liquidity Read more
In this episode, find out about DGCA’s nod for Spicejet for wet leasing five planes, also find out Jubilant Bhartia Group’s minority stake purchase in Keventers owner Business Ter ... Read more
In this episode, find out about DGCA’s nod for Spicejet for wet leasing five planes, also find out Jubilant Bhartia Group’s minority stake purchase in Keventers owner Business Term of the Day: Refinance Read more
In this episode, find out about Tata Steels’ pact with Ford to supply green steel, also find out about Hero MotoCorp’s agreement with Terrafirma Motors Corporation to enter Philipp ... Read more
In this episode, find out about Tata Steels’ pact with Ford to supply green steel, also find out about Hero MotoCorp’s agreement with Terrafirma Motors Corporation to enter Philippines. Business Term of the Day: Working Capital Read more
In this episode, find out about government’s plan of PLI scheme for power transmission sector, also find out CCI’s penalty on Google Business Term of the Day: Stock options Read more
In this episode, find out about government’s plan of PLI scheme for power transmission sector, also find out CCI’s penalty on Google Business Term of the Day: Stock options Read more
In this episode, find out about Borosil’s stake buy in Europe’s largest solar glass manufacturers, and also find out why RIL reported lower net profit. Business Term of the Day: C ... Read more
In this episode, find out about Borosil’s stake buy in Europe’s largest solar glass manufacturers, and also find out why RIL reported lower net profit. Business Term of the Day: Cash flow Read more
In this episode, find out about Dhanlakaxmi Bank’s shareholder's move to curb the powers of the CEO, also find out about the appointment of new MD of PNB Housing Business Term of ... Read more
In this episode, find out about Dhanlakaxmi Bank’s shareholder's move to curb the powers of the CEO, also find out about the appointment of new MD of PNB Housing Business Term of the Day: Interest Rate differential Read more
In this episode, find out about Adani Group’s commitment to completing the open offer for NDTV, also find out Vodafone Idea’s plan to raise debt funds via convertible debentures B ... Read more
In this episode, find out about Adani Group’s commitment to completing the open offer for NDTV, also find out Vodafone Idea’s plan to raise debt funds via convertible debentures Business Term of the Day: Exchange rate Read more
In this episode, find out about Sojitz Corp’s stake sale in Samvardhan Motherson Intl, also find out Tata Motors’ order to supply 300 electric buses to Jammu and Srinagar Business ... Read more
In this episode, find out about Sojitz Corp’s stake sale in Samvardhan Motherson Intl, also find out Tata Motors’ order to supply 300 electric buses to Jammu and Srinagar Business Term of the Day: Market capitalisation Read more
In this episode, find out about Byju’s $250 m rights issue, also find out Invesco’s decision to sell 5.5% stake in Zee Business Term of the Day: G-20 Read more
In this episode, find out about Byju’s $250 m rights issue, also find out Invesco’s decision to sell 5.5% stake in Zee Business Term of the Day: G-20 Read more
In this episode, find out about Tata Steel’s plans to divest steel business in UK, also find out HDFC Bank’s aim to close the merger ahead of the deadline Business Term of the Day ... Read more
In this episode, find out about Tata Steel’s plans to divest steel business in UK, also find out HDFC Bank’s aim to close the merger ahead of the deadline Business Term of the Day: Amortization Read more
