In this episode, find out why Indian markets are set to open lower today, also find out about PNB Housing Finance’s equity raising plan after a failed attempt last time
Business Term of the Day: Limited Partners At least 364 civilians are confirmed to have been killed in Ukraine since Russian troops invaded on February 24, and another 759 wounded, The Central Bureau of Investigation (CBI) on Sunday night arrested Chitra Ramkrishna, a former chief executive of the National Stock Exchange of India Ltd (NSE), an official of the agency said. She has been arrested for her role in the so-called co-location case, which involved certain brokers who used NSE’s co-location services between 2010 and 2014 to get preferential access to NSE’s platform. PNB Housing Finance: The non-bank lender is planning a fundraising by issuing equity shares through appropriate methods—including rights issue—on March 9. Reliance Industries: India’s largest firm by market value announced opening of Jio World Centre in Mumbai’s Bandra Kurla Complex. The convention centre has three exhibition halls spanning over an area of more than 1.61 lakh square feet and two convention halls of 1.07 lakh square feet. Enterprise debt marketplace CredAvenue raised a $137-million round led by New York-based venture capital and private equity firm Insight Partners at a valuation of $1.3 billion. New investors B Capital Group, and Dragoneer, besides existing investors Sequoia Capital, Lightspeed Ventures, TVS Capital and Lightrock, also participated in the round. With this round, the fintech startup, which connects enterprises with banks and other lenders, is the latest to join the unicorn club. State Bank of India has appointed former Ujjivan Small Finance Bank CEO Nitin Chugh as Deputy Managing Director (DMD) to drive digital banking operations. He has been appointed for an initial term of three years. Info Edge: The IT company, which owns platforms such as Naukri.com and Jeevansathi, has acquired a 76 per cent stake in online dating company Aisle Network for Rs 91 crore. Aisle runs multiple dating platforms on the web and mobile apps- Aisle, Anbe, Arike and HeyDil. PVR: India’s leading multiplex chain and the local unit of Mexican company Cinepolis are in advanced merger talks, potentially reshaping the country’s film exhibition industry that witnessed its first phase of consolidation over the past decade and a half. Emami: The home-grown FMCG company has acquired 19 per cent equity stake in TruNativ F&B Private, a nutrition company for an undisclosed amount. A statement issued by Emami said TruNativ is a nutrition focused food and bevarage company. under the ‘Tru Nativ’ brand. Poonawalla Fincorp: The NFBC said its CEO Vijay Deshwal has stepped down to take up another role in Cyrus Poonawalla Group He has decided to take up the strategic role within the Cyrus Poonawalla Group where he will spearhead emerging investment opportunities. Moving on to markets Indian stock markets are set to open sharply lower today, tracking the selloff in other Asian peers. Nifty futures trading on Singapore exchange (SGX Nifty futures) were down 1.6% at 15,814. Indian stock market index Nifty had settled 1.5% lower at 16,245 on Friday. In global markets, gold surged above $2,000 an ounce on growing demand for haven asset The results for the state Assembly elections will be declared this week, which could have an impact on the Dalal Street. In Asia, market continued its downward trend as shares in major markets such as Hong Kong, Shanghai, Japan, South Korea, and Australia were trading in the red. Business Term of the day Limited partners are usually institutional or high-net-worth investors interested in receiving the income and capital gains associated with investing in a private equity fund. Limited partners do not take part in the fund’s active management. They are protected from losses beyond their original investment as well as any legal actions taken against the fund.
In this episode, find out about Dish TV minority investors’ concerns about the company, also find out about Bajaj Finserv’s foray into the mutual fund business Business Term of t ... Read more
In this episode, find out about Dish TV minority investors’ concerns about the company, also find out about Bajaj Finserv’s foray into the mutual fund business Business Term of the Day: Transfer pricing Read more
In this episode, find out about Bharti Airtel's plans to hike mobile phone rates and Axis Bank completing the acquisition of Citibank’s consumer business Read more
In this episode, find out about Bharti Airtel's plans to hike mobile phone rates and Axis Bank completing the acquisition of Citibank’s consumer business Read more
In this episode, find out about Axis Bank’s plan to complete the acquisition of Citibank’s consumer biz by March 2023, also find out about Tech Mahindra’s tie-up with Comviva to ex ... Read more
In this episode, find out about Axis Bank’s plan to complete the acquisition of Citibank’s consumer biz by March 2023, also find out about Tech Mahindra’s tie-up with Comviva to expand the deal with Vodafone Germany Business Term of the Day: Dollar bond Read more
In this episode, find out about about Biocon’s $129 m fund raising from Kotak, also find out about Titagarh-BHEL’s bid for Vande Bharat contract. Read more
In this episode, find out about about Biocon’s $129 m fund raising from Kotak, also find out about Titagarh-BHEL’s bid for Vande Bharat contract. Read more
In this episode, find about the department of pharmaceuticals releasing the first tranche of incentives, also know about HDFC bank planning to sell Dollar bonds to support its plan ... Read more
In this episode, find about the department of pharmaceuticals releasing the first tranche of incentives, also know about HDFC bank planning to sell Dollar bonds to support its plans to expand lending outside India. Read more
In this episode, find out about Wipro’s plan to cut freshers’ salaries, also find out about Tata Motors’ MoU with Uber Business Term of the Day: Business model Read more
In this episode, find out about Wipro’s plan to cut freshers’ salaries, also find out about Tata Motors’ MoU with Uber Business Term of the Day: Business model Read more
In this episode, find out about SC’s stay over Rs 800 cr penalty on beer cos for cartelisation, also find out about NSE’s rearrangement of stocks Business Term of the Day: Company ... Read more
In this episode, find out about SC’s stay over Rs 800 cr penalty on beer cos for cartelisation, also find out about NSE’s rearrangement of stocks Business Term of the Day: Company guidance Read more
In this episode, find out about Hindustan Zinc’s plans to talk to the mines ministry to acquire Vedanta assets, also find out about Indian Oil’s clarification on the Adani Gas deal ... Read more
In this episode, find out about Hindustan Zinc’s plans to talk to the mines ministry to acquire Vedanta assets, also find out about Indian Oil’s clarification on the Adani Gas deal Business Term of the Day: Big bath Read more
In this episode, find out about the block deal in IndiGo, also find out about Vodafone Idea’s 5G rollout plans Business Term of the Day: Additional Surveillance Measure (ASM) Read more
In this episode, find out about the block deal in IndiGo, also find out about Vodafone Idea’s 5G rollout plans Business Term of the Day: Additional Surveillance Measure (ASM) Read more
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