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 why Tata Motors reported a surprise loss in Q4, why global investors will watch out for Fed’s April minutes today Business Term of the Day: SUUTI Read more
In this episode, find out why Tata Motors reported a surprise loss in Q4, why global investors will watch out for Fed’s April minutes today Business Term of the Day: SUUTI Read more
In this episode, find out why Bharti Airtel's Q4 numbers missed estimates, why WPI inflation rose to a decade high Business Term of the Day: Aggregate demand & Aggregate supp ... Read more
In this episode, find out why Bharti Airtel's Q4 numbers missed estimates, why WPI inflation rose to a decade high Business Term of the Day: Aggregate demand & Aggregate supply Read more
In this episode, find out why L&T’s Q4 numbers beat estimates, why investors will watch out for WPI inflation number today Business Term of the Day: Net profit Read more
In this episode, find out why L&T’s Q4 numbers beat estimates, why investors will watch out for WPI inflation number today Business Term of the Day: Net profit Read more
In this episode, find out why JSPL reported the highest-ever operating profit, why Bitcoins investors are worried Business Term of the Day: Cost-push inflation Read more
In this episode, find out why JSPL reported the highest-ever operating profit, why Bitcoins investors are worried Business Term of the Day: Cost-push inflation Read more
In this episode, find out why Former Star chairman Uday Shankar promoted company is looking at US listing, why Asian stocks fell in opening trade Business Term of the Day: Index o ... Read more
In this episode, find out why Former Star chairman Uday Shankar promoted company is looking at US listing, why Asian stocks fell in opening trade Business Term of the Day: Index of Industrial Production (IIP) Read more
In this episode, find out why net flows into mutual funds slowed down in April, why Inflation, IIP data will be in focus today Business Term of the Day: MSCI Index Read more
In this episode, find out why net flows into mutual funds slowed down in April, why Inflation, IIP data will be in focus today Business Term of the Day: MSCI Index Read more
In this episode, find out why surging commodity prices has left investors jittery, why Corporate India is looking at fund raising Business Term of the Day: Trade deficit Read more
In this episode, find out why surging commodity prices has left investors jittery, why Corporate India is looking at fund raising Business Term of the Day: Trade deficit Read more
In this episode, find out why investors are watching out for inflation data this week, why Ultratech Cement reported a drop in profit Business Term of the Day: Goods & Servi ... Read more
In this episode, find out why investors are watching out for inflation data this week, why Ultratech Cement reported a drop in profit Business Term of the Day: Goods & Services Tax (GST) Read more
In this episode, find out why Hero Motorcop is confident of riding the second covid wave, why US investors are gung-ho about the economic recovery Business Term of the Day: offer ... Read more
In this episode, find out why Hero Motorcop is confident of riding the second covid wave, why US investors are gung-ho about the economic recovery Business Term of the Day: offer for sale Read more
In this episode, find out why Tata Steel reported strong Q4 numbers, why New Zealand and Australian employees want to quit their jobs post covid. Business Term of the Day: Intell ... Read more
In this episode, find out why Tata Steel reported strong Q4 numbers, why New Zealand and Australian employees want to quit their jobs post covid. Business Term of the Day: Intellectual property Read more
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