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 Biju’s founder’s fundraising plan to buyback as much as 15% of the firm, also find out about NARCL’s bid for Srei cos Business Term of the Day: Enc ... Read more
In this episode, find out about Biju’s founder’s fundraising plan to buyback as much as 15% of the firm, also find out about NARCL’s bid for Srei cos Business Term of the Day: Encumbrance Read more
In this episode, find out about Amazon’s plans to enter electricity trading, also find out about Reliance Retail FCMG arm’s move to acquire a stake in Sosyo Hajoori Beverages Busi ... Read more
In this episode, find out about Amazon’s plans to enter electricity trading, also find out about Reliance Retail FCMG arm’s move to acquire a stake in Sosyo Hajoori Beverages Business Term of the Day: Loan To Value Ratio Read more
In this episode of Mint Business News, fint out about BharatPe's founder stepping down as CEO and Jet Airways' Revival Plan. Business Term of the day - Credit Spread Read more
In this episode of Mint Business News, fint out about BharatPe's founder stepping down as CEO and Jet Airways' Revival Plan. Business Term of the day - Credit Spread Read more
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In this episode of Mint Business News, find out about Tata Motors's acquisition plan of Ford India’s manufacturing plant at Sanand in Gujarat and also find out about Religare Enterprises' settlement issue. Read more
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In this episode, find out about JK Cement’s foray into the paint’s business, also find out about Yes Bank’s decision to transfer Dish TV shares to JC Flowers ARC Business Term of the Day: Asset Reconstruction Company Read more
In this episode, find out about the listing of Sula Vineyard on the exchanges, also find out about Zee’s re-entry into the sports broadcasting business Business Term of the Day: B ... Read more
In this episode, find out about the listing of Sula Vineyard on the exchanges, also find out about Zee’s re-entry into the sports broadcasting business Business Term of the Day: Buyback Read more
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In this episode, find out about the block deal by promoters of Dabur India, also find out why markets have hit day’s low in trade today Business Term of the Day: Anchor Investors Read more
In this episode, find out about the block deal by promoters of Dabur India, also find out why markets have hit day’s low in trade today Business Term of the Day: Anchor Investors Read more
In this episode, find out about KFin Tech’s IPO, also find out about Adani Group’s plan to invest Rs 10,700 cr for the expansion of Lucknow Airport Business Term of the Day: Share ... Read more
In this episode, find out about KFin Tech’s IPO, also find out about Adani Group’s plan to invest Rs 10,700 cr for the expansion of Lucknow Airport Business Term of the Day: Share purchase agreement Read more
In this episode, find out about Reliance group’s new packaged goods brand, also find out about HPCL’s debt-raising plan Business Term of the Day: Capital Read more
In this episode, find out about Reliance group’s new packaged goods brand, also find out about HPCL’s debt-raising plan Business Term of the Day: Capital Read more
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