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 Net inflows into equity mutual funds fell in August, also find out why government has hiked MSP for rabi crops Business Term of the Day: Global bond Read more
In this episode, find out why Net inflows into equity mutual funds fell in August, also find out why government has hiked MSP for rabi crops Business Term of the Day: Global bond Read more
In this episode, find out why Yes bank is looking to get a new owner for Dish TV, also find out why Cairn is ready to drop cases against India Business Term of the Day: Rights iss ... Read more
In this episode, find out why Yes bank is looking to get a new owner for Dish TV, also find out why Cairn is ready to drop cases against India Business Term of the Day: Rights issue Read more
In this episode, find out why Balaji Telefilms’ shareholders reject Ekta, Shobha Kapoor remuneration deal, also find out BPCL is setting up a new platform for subsidized LPG scheme ... Read more
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In this episode, find out why Carlyle is looking to raise $1 bn, also find out how Government is looking to align IndAS with IFRS Business Term of the Day: Accounting Standard Read more
In this episode, find out why Carlyle is looking to raise $1 bn, also find out how Government is looking to align IndAS with IFRS Business Term of the Day: Accounting Standard Read more
In this episode, find out why SEBI has moved SC in the Rs 4000 Cr PNB Housing Finance case, why traders are awaiting the US jobs report today Business Term of the Day: Preferentia ... Read more
In this episode, find out why SEBI has moved SC in the Rs 4000 Cr PNB Housing Finance case, why traders are awaiting the US jobs report today Business Term of the Day: Preferential allotment Read more
In this episode, find out why the unemployment rate rose in August, why Indian markets may open lower in trade today Business Term of the Day: Additional Tier 1 bond Read more
In this episode, find out why the unemployment rate rose in August, why Indian markets may open lower in trade today Business Term of the Day: Additional Tier 1 bond Read more
In this episode, find out why Maruti Suzuki expects output to drop by 40%, why Prosus acquired Billdesk for $4.7 bn Business Term of the Day: Expense Ratio Read more
In this episode, find out why Maruti Suzuki expects output to drop by 40%, why Prosus acquired Billdesk for $4.7 bn Business Term of the Day: Expense Ratio Read more
In this episode, find out why Tally Solution, Cosmea are eyeing small finance bank licence, why Indian markets are likely to open flat Business Term of the Day: Employee provident ... Read more
In this episode, find out why Tally Solution, Cosmea are eyeing small finance bank licence, why Indian markets are likely to open flat Business Term of the Day: Employee provident Fund Organisation Read more
In this episode, find out why India is urging carmakers to reduce imports of EV components, why Asian markets fell in early trade Business Term of the Day: Jackson Hole Symposium Read more
In this episode, find out why India is urging carmakers to reduce imports of EV components, why Asian markets fell in early trade Business Term of the Day: Jackson Hole Symposium Read more
In this episode, find out why Government has approved Fairfax’s proposal to invest Rs 15,000 crore in infra projects, why NCLAT will hear the appeal of Jet employees on 8 October ... Read more
In this episode, find out why Government has approved Fairfax’s proposal to invest Rs 15,000 crore in infra projects, why NCLAT will hear the appeal of Jet employees on 8 October Business Term of the Day: Small Finance Banks Read more
