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 NDTV’s letter to SEBI seeking clarification on regulator’s 2020 order, IP rights of GTID solutions development, also find out about Sensex down 1200 ... Read more
In this episode, find out about NDTV’s letter to SEBI seeking clarification on regulator’s 2020 order, IP rights of GTID solutions development, also find out about Sensex down 1200 pts, rupee below 80/dollar Business Term of the Day: 5G Read more
In this episode, find out about TVS Electronics’ plan to acquire business, IP rights of GTID solutions development, also find out about SEBI disposing off adjudicating proceedings ... Read more
In this episode, find out about TVS Electronics’ plan to acquire business, IP rights of GTID solutions development, also find out about SEBI disposing off adjudicating proceedings against Sobha Ltd Business Term of the Day: Net debt to EBITDA Read more
In this episode, find out about Adani Group’s plan to launch an open offer for ACC, and Ambuja Cements this week, and also find out why TCS has delayed variable compensation paymen ... Read more
In this episode, find out about Adani Group’s plan to launch an open offer for ACC, and Ambuja Cements this week, and also find out why TCS has delayed variable compensation payment to a few employees Business Term of the Day: Moonlighting Read more
In this episode, find out about how SpiceJet settled dispute with Credit Suisse, also find out about ITC’s plans to develop The Ashok Hotel Business Term of the Day: Bank guarant ... Read more
In this episode, find out about how SpiceJet settled dispute with Credit Suisse, also find out about ITC’s plans to develop The Ashok Hotel Business Term of the Day: Bank guarantee Read more
In this episode, find out about Gail’s $3.125 bn fund raising plan via ECBs, also find out why RBL bank has offloaded 12% stake in Kilburn Engineering. Business Term of the Day: ... Read more
In this episode, find out about Gail’s $3.125 bn fund raising plan via ECBs, also find out why RBL bank has offloaded 12% stake in Kilburn Engineering. Business Term of the Day: Merchant Discount Rate Read more
In this episode, find out about Mahanagar Gas cutting prices of PNG &, CNG, also find out about NTPC’s plan to raise Rs 5000 crore loan for refinance Business Term of the Day: ... Read more
In this episode, find out about Mahanagar Gas cutting prices of PNG &, CNG, also find out about NTPC’s plan to raise Rs 5000 crore loan for refinance Business Term of the Day: Solvency Ratio Read more
In this episode, find out why Suzlon believes that its financial difficulties are behind it, and also find out about BPCL’s Rs 1.4 lakh crore investment plan for the next 5 years
B ... Read more
In this episode, find out why Suzlon believes that its financial difficulties are behind it, and also find out about BPCL’s Rs 1.4 lakh crore investment plan for the next 5 years
Business Term of the Day: Competition Commission of India (CCI) Read more
In this episode, find out about Bharti Airtel’s new web platform Wynk Studio, also find out about Balaji Speciality Chemical’s plan to launch an IPO.
Business Term of the Day: Fir ... Read more
In this episode, find out about Bharti Airtel’s new web platform Wynk Studio, also find out about Balaji Speciality Chemical’s plan to launch an IPO.
Business Term of the Day: First Loan Default Guarantee (FLDG) Read more
In this episode, find out about the IPO of Syrma SGS to hit the market on 12 August, and also find out about the JSW Energy arm’s acquisition of renewable energy assets from Mytrah ... Read more
In this episode, find out about the IPO of Syrma SGS to hit the market on 12 August, and also find out about the JSW Energy arm’s acquisition of renewable energy assets from Mytrah Energy for Rs 10,531 crore. Business Term of the Day: Credit score Read more
In this episode, find out why PFC, REC are looking to lend Rs 1.2 trillion to discoms and also find out about Government’s plant to reduce export duty on steel products Business T ... Read more
In this episode, find out why PFC, REC are looking to lend Rs 1.2 trillion to discoms and also find out about Government’s plant to reduce export duty on steel products Business Term of the Day: Letter of credit Read more
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