Bharti Airtel is likely to raise up to ₹5,000 crore soon through rupee-denominated bonds from the domestic market as the Sunil Mittal-led company seeks to refinance high-cost debt and fortify its balance sheet ahead of the 5G spectrum auction. This will be part of the ₹7,500 crore fundraising plan announced by the company earlier this month.
Vedanta: Announced that it has made an oil discovery in its exploratory well in Rajasthan’s Barmer district. In a regulatory filing, Vedanta said it has notified the Directorate General of Hydrocarbons and the petroleum ministry about the oil discovery in a block that was awarded to it under the Open Acreage Licensing Policy (OALP). This is the third hydrocarbon discovery notified by the company under the OALP portfolio.
The Supreme Court has agreed to hear in open court a review plea filed by Cyrus Investments Ltd. against its order setting aside an appellate tribunal order which had restored Cyrus Mistry as the executive chairman of the Tata group. The petitions will be heard in open court on 9 March.
Rbi will enter into sell-buy swaps worth $5 billion with banks to elongate the maturity profile of its forward dollar book. The 2-year USD/INR sell-buy swap auction will be held on March 8. This will enable access to a wider set of market participants and smoothen receivables relating to forward assets
IDFC First Bank: Managing Director and CEO V. Vaidyanathan has gifted 900,000 equity shares to five persons including his trainer, househelp, driver and office support staff.
Moving on to markets
Global equities slumped today while oil jumped to a seven-year high to $97.35 after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.
Among the Asian markets, Japan’s Nikkei and Hong Kong’s Hang Seng index were down over 2% each.
The key benchmark indices are likely to start Tuesday’s session on a highly negative note. SGX Nifty March Futures were quoting 17,062 levels, nearly 200 points lower than Nifty March futures spot close the previous day.
Business term of the day
Dollar – Rupee Swap – is a useful addition to the RBI’s policy toolkit as it offers the central bank a chance to directly influence both the value of the rupee and the amount of liquidity in the economy at the same time using a single tool. the central bank provides either dollar liquidity or rupee liquidity by accepting the opposite currency. This is inturn returned at the end of the swap period.
In this episode, find out why US-based private equity firm Cerebrus is looking to buy bad loans from Yes Bank, also find out why Bharti Airtel is looking to raise tariffs this year ... Read more
In this episode, find out why US-based private equity firm Cerebrus is looking to buy bad loans from Yes Bank, also find out why Bharti Airtel is looking to raise tariffs this year Business Term of the Day: Open market operation (OMO) Read more
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 Adjustmen ... Read more
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) Read more
In this episode, find out why Hero Fincorp has raised Rs 2000 cr capital, also find out why US markets ended lower Business Term of the Day: Nominal interest rate & actual int ... Read more
In this episode, find out why Hero Fincorp has raised Rs 2000 cr capital, also find out why US markets ended lower Business Term of the Day: Nominal interest rate & actual interest rate Read more
In this episode, find out why SBI posted the highest quarterly profit, also find out why Zee Entertainment-Sony deal could see a delay Business Term of the Day: Overnight rates Read more
In this episode, find out why SBI posted the highest quarterly profit, also find out why Zee Entertainment-Sony deal could see a delay Business Term of the Day: Overnight rates Read more
In this episode, find out why Emami is looking at succession planning, also find out why US markets fell overnight. Business Term of the Day: Warrants Read more
In this episode, find out why Emami is looking at succession planning, also find out why US markets fell overnight. Business Term of the Day: Warrants Read more
In this episode, find out why Anil Agarwal is looking merger Vedanta with Indian unit, also find out why OPEC countries agreed to increase crude output. Business Term of the Day: C ... Read more
In this episode, find out why Anil Agarwal is looking merger Vedanta with Indian unit, also find out why OPEC countries agreed to increase crude output. Business Term of the Day: Capital expenditure Read more
In this episode, find out why the Tata Teleservices is not looking to convert AGR dues into equity, also find out why investors are cautious ahead of a crucial OPEC meeting today. ... Read more
In this episode, find out why the Tata Teleservices is not looking to convert AGR dues into equity, also find out why investors are cautious ahead of a crucial OPEC meeting today. Business Term of the Day: Central bank digital currencies. Read more
In this episode, find out why the Tata group is on an acquisition spree, also find out why Asian markets rose in early trade. Business Term of the Day: Budget estimates Read more
In this episode, find out why the Tata group is on an acquisition spree, also find out why Asian markets rose in early trade. Business Term of the Day: Budget estimates Read more
In this episode, find out why the government has extended the tenure of LIC chairman, also find out about Zomato's plan to set up an NBFC Business Term of the Day: Economic Surve ... Read more
In this episode, find out why the government has extended the tenure of LIC chairman, also find out about Zomato's plan to set up an NBFC Business Term of the Day: Economic Survey Read more
In this episode, find out about why Tata Motors reported loss in Q2, also find out about One97 Communication which is set to raise $1.1 billion from anchor investors Business Term ... Read more
In this episode, find out about why Tata Motors reported loss in Q2, also find out about One97 Communication which is set to raise $1.1 billion from anchor investors Business Term of the Day: Net present value Read more
