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) Bharti Airtel Ltd.’s board approved debt fundraising of up to Rs 7,500 crore. The board granted approvals for raising funds through the issuance of secured and unsecured, listed and unlisted non-convertible debt securities. Last month, Bharti Airtel announced a $1 billion partnership with Google LLC. to focus on enabling affordable access to smartphones across price ranges Telecom operator Bharti Airtel on Tuesday reported a 2.8 per cent decline in its consolidated net profit to ₹830 crore for the third quarter ended December 2021. The company had recorded a net profit of ₹854 crore in the same period a year ago. Mining major Vedanta Ltd said it has dismissed the plans to rejig its corporate structure, after completing its reorganisation review. The company has reached the conclusion that its current structure is optimal. The regulatory filing also noted that Vedanta would be distributing a minimum of 30 percent of the attributable profit after tax (excluding profits of HZL) as dividends. Moving on to markets Indian indices may witness a positive start on Wednesday. Yesterday’s session saw the indices the end in the green after a highly volatile session The US market on Tuesday ended sharply higher. The Wall Street was lifted by Microsoft and Amazon, while a spike in Treasury yields boosted bank stocks. Wall Street’s positive end lifted the spirits in Asia on Wednesday as shares in most major markets advanced. Oil prices nudged up following two sessions of losses after industry data showed an unexpected drop in U.S. crude and fuel stocks. Brent crude futures rose 23 cents to $91.01 a barrel. Business term It is a monetary policy tool used by RBI to manage liquidity and provide economic stability. Both Repo & Reverse Repo Operations are covered under LAF. It was introduced by RBI as a result of the Narasimham Committee on Banking Sector Reforms (1998). It helps manage inflation in the economy.
In this episode, find out about Tata Motors’ performance in the global wholesale business, also find out about Nazara Tech subsidiary’s acquisition in Pro Football Network. Read more
In this episode, find out about Tata Motors’ performance in the global wholesale business, also find out about Nazara Tech subsidiary’s acquisition in Pro Football Network. Read more
In this episode, find out why World Bank has cut India’s FY24 growth forecast, also find out about Maruti Suzuki’s SUV strategy for FY24 Business Term of the Day: Credit quality Read more
In this episode, find out why World Bank has cut India’s FY24 growth forecast, also find out about Maruti Suzuki’s SUV strategy for FY24 Business Term of the Day: Credit quality Read more
In this episode, find out why lenders have postponed Reliance Capital’s auction, also find out about HDFC Bank’s strong business growth in FY23. Read more
In this episode, find out why lenders have postponed Reliance Capital’s auction, also find out about HDFC Bank’s strong business growth in FY23. Read more
In this episode, find out about SEBI’s investigation into Adani Group’s links with 3 offshore entities, and also find out why Indian markets fell in early trade today. Read more
In this episode, find out about SEBI’s investigation into Adani Group’s links with 3 offshore entities, and also find out why Indian markets fell in early trade today. Read more
In this episode, find out about Air India’s fund raising from SBI, Bank of Baroda, also find out about PhonePe calling off deal with Zest Money Read more
In this episode, find out about Air India’s fund raising from SBI, Bank of Baroda, also find out about PhonePe calling off deal with Zest Money Read more
In this episode, find out about Vedanta’s interim dividend for FY23, also find out about Jindal Stainless’ nickel supply pact with New Yaking. Read more
In this episode, find out about Vedanta’s interim dividend for FY23, also find out about Jindal Stainless’ nickel supply pact with New Yaking. Read more
In this episode, find out about HDFC approving the issuance of NCDs worth Rs 57,000 cr, also find out about Aditya Birla Capital’s stake sale in Aditya Birla Insurance Brokers. Read more
In this episode, find out about HDFC approving the issuance of NCDs worth Rs 57,000 cr, also find out about Aditya Birla Capital’s stake sale in Aditya Birla Insurance Brokers. Read more
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