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 PNB gave a go-ahead for PNBF housing finance-Carlyle deal, why Bharti Airtel’s Q1 earnings missed estimates. Business Term of the Day: ARPU Read more
In this episode, find out why PNB gave a go-ahead for PNBF housing finance-Carlyle deal, why Bharti Airtel’s Q1 earnings missed estimates. Business Term of the Day: ARPU Read more
In this episode, find out why Birla group is looking to transfer its stake in Vodafone Idea to the government, why India’s exports jumped to a record. Business Term of the Day: M ... Read more
In this episode, find out why Birla group is looking to transfer its stake in Vodafone Idea to the government, why India’s exports jumped to a record. Business Term of the Day: Mortgage Read more
In this episode, find out which 4 companies are expected to launch their public issues, when E-Rupi will be launched by PM Modi and what is it about Business Term of the Day: Repo ... Read more
In this episode, find out which 4 companies are expected to launch their public issues, when E-Rupi will be launched by PM Modi and what is it about Business Term of the Day: Repo Rate Read more
In this episode, find out why RBI imposed fine on Axis Bank, why US markets rose post FOMC meeting. Business Term of the Day: Real Time gross settlement Read more
In this episode, find out why RBI imposed fine on Axis Bank, why US markets rose post FOMC meeting. Business Term of the Day: Real Time gross settlement Read more
In this episode, find out why top Indian lenders have invested in a blockchain company, why US markets fell overnight Business Term of the Day: Net interest income Read more
In this episode, find out why top Indian lenders have invested in a blockchain company, why US markets fell overnight Business Term of the Day: Net interest income Read more
In this episode, find out why Q1 earnings have been disappointing for L&T, Tata Motors, why markets will be watching for FOMC meeting today Business Term of the Day: Non-perfo ... Read more
In this episode, find out why Q1 earnings have been disappointing for L&T, Tata Motors, why markets will be watching for FOMC meeting today Business Term of the Day: Non-performing Assets Read more
In this episode, find out why JSPL has revised the terms to sell power unit to promoter firm, why market is closely Q1 nos of Axis Bank, Kotak Mahindra Bank Business Term of the D ... Read more
In this episode, find out why JSPL has revised the terms to sell power unit to promoter firm, why market is closely Q1 nos of Axis Bank, Kotak Mahindra Bank Business Term of the Day: Market Share Read more
In this episode, find out why Bijus acquired Epic for $500 m, why IMF is estimating global growth at 6% Business Term of the Day: European Central Bank Read more
In this episode, find out why Bijus acquired Epic for $500 m, why IMF is estimating global growth at 6% Business Term of the Day: European Central Bank Read more
In this episode, find out why Bajaj Finance Q1 nos disappointed, why Swiggy closed a $1.25 bn fund raise Business Term of the Day: Cloud computing Read more
In this episode, find out why Bajaj Finance Q1 nos disappointed, why Swiggy closed a $1.25 bn fund raise Business Term of the Day: Cloud computing Read more
In this episode, find out why Several Adani group companies are under scanner, why global & domestic markets plunged in trade Business Term of the Day: Preferential allotmen ... Read more
In this episode, find out why Several Adani group companies are under scanner, why global & domestic markets plunged in trade Business Term of the Day: Preferential allotment Read more
