In this episode, find out about Aurobindo Pharma’s acquisition of Veritaz’ formulation biz, also find out the latest about Ruchi Soya FPO after SEBI rap
Business Term of the Day: Super app Tata Power: The world’s biggest asset manager, BlackRock, and UAE sovereign wealth fund Mubadala Investment Co. are in talks to invest around $500 million and $200 million, respectively, in a proposed new energy entity being floated by Tata Power Co. Ltd, two people aware of the development said. The new vehicle will house all the renewable energy assets of Tata Power, including hydropower, as well as its transmission and distribution business. The business, tentatively called “consumer renewables”, is expected to be valued at around $5 billion and will house all Tata Power assets except coal-fuelled power projects and carbon projects, the people cited above said on condition of anonymity. Aurobindo Pharma has acquired the domestic formulation business of Veritaz for a consideration of ₹171 crore on debt-free cash-free basis. This acquisition vehicle will greatly help Aurobindo as a launch pad for marketing biosimilar and other products in India, the company said in a statement. SEBI allowed investors other than anchor buyers to withdraw their bids for Ruchi Soya Industries Ltd.’s share sale citing misleading advertising, a rare such action by India’s market regulator. The Securities and Exchange Board of India held a meeting with representatives of book running lead managers over unsolicited SMSs advertising the follow-on public offer of Ruchi Soya, the regulator said i The Tata Group’s utility player and Rustomjee Group have collaborated to set up electric vehicle charging infrastructure at the commercial and residential projects of the latter across Mumbai metropolitan region. Singapore’s ecommerce firm Shopee has decided to shut its operations in India just about six months after entering the country.
The etailer which competes with the likes of Meesho, Flipkart and Amazon India, especially at the lower-end of the market, will shutter its business effective March 29. Moving on to markets Indian indices may witness a flat to positive start on Tuesday amid positive global cues. Volatility was seen in the markets on Monday due to hopes of progress in Russia-Ukraine ceasefire talks and dip in oil prices. The trend is likely to continue as uncertainty around the commodity prices remain.
Wall Street indices advanced after Monday’s session, shedding worries over rising interest rates. In Asia, shares in Japan, South Korea, Shanghai, Hong Kong, and Australia were all trading in the green in early trade on Tuesday. Business Term of the day A super app is a platform developed by a company offering various services under one umbrella. For example, China’s WeChat, which started out as a messaging app, expanded into payments, cabs, shopping, food ordering, cab services to become a super app.
In this episode, find out about IOC & NTPC’s decision to run refinery on green power, also find out about GMR’s plan to merge GMR Airports Infra with itself. Read more
In this episode, find out about IOC & NTPC’s decision to run refinery on green power, also find out about GMR’s plan to merge GMR Airports Infra with itself. Read more
In this episode, find out about government’s plans to defer IDBI privatisation plan, also find out about Malaysia’s Petronas offer to buy 20% stake in NTPC’s green arm Read more
In this episode, find out about government’s plans to defer IDBI privatisation plan, also find out about Malaysia’s Petronas offer to buy 20% stake in NTPC’s green arm Read more
In this episode, find out about SJVN’s pact with Indian Oil Corp, also find out about GAIL’s bid to acquire JBF Petrochemicals Business Term of the Day: Gratuity Read more
In this episode, find out about SJVN’s pact with Indian Oil Corp, also find out about GAIL’s bid to acquire JBF Petrochemicals Business Term of the Day: Gratuity Read more
In this episode, find out about about Embassy Office Parks green initiatives, also find out about Shriram Finance’s plan to raise $2.4 bn to fund growth n FY24 Read more
In this episode, find out about about Embassy Office Parks green initiatives, also find out about Shriram Finance’s plan to raise $2.4 bn to fund growth n FY24 Read more
In this episode, find out about Tech Mahindra’s new CEO Mohit Joshi, also find out about Rakesh Jhunjhunwala backed Nazara Tech’s subsidiaries’ exposures to SVB Business Term of t ... Read more
In this episode, find out about Tech Mahindra’s new CEO Mohit Joshi, also find out about Rakesh Jhunjhunwala backed Nazara Tech’s subsidiaries’ exposures to SVB Business Term of the Day: Held to Maturity Read more
In this episode, find out about Bank of Baroda’s decision to divest 49% stake in BoB Financial Solutions, also find out about Maharashtra government has reduced VAT on aviation fue ... Read more
In this episode, find out about Bank of Baroda’s decision to divest 49% stake in BoB Financial Solutions, also find out about Maharashtra government has reduced VAT on aviation fuel to 18% Read more
The Website uses cookies to ensure you get the best experience on our website. If you continue browsing you will be providing your consent to our use of these.
