India’s external account – both the current account and the Balance of Payments – deteriorated during the December quarter to a surge in Crude oil prices and record pull out by foreign institutional investors. The current account- sum of India’s exports and imports of goods and services- ended in a deficit of deficit at $ 23.0 billion (2.7 per cent of GDP) touched a nine- year high. Overall the balance of payments ended in a modest surplus of $465 million compared to a surplus of $32.5 billion in the same period a year ago.
Future Retail: Debt-ridden Future Retail Ltd’s CEO Sadashiv Nayak has resigned from the post seven months after his appointment, according to a filing. Future Group CEO Kishore Biyani has been re-appointed as executive chairman of the company for three years, a regulatory filing said on Thursday.
Vodafone Idea (Vi) on Thursday said its board has approved raising of Rs 4,500 crore by allotting 3,38,34,58,645 equity shares to three promoter or promoter group entities at Rs 13.30 a piece.
Shapoorji Pallonji and Co (SPCIL) has exited a one-time restructuring scheme by paying ₹12,450 crore to all its leaders, according to a statement issued by the company on Wednesday. This includes Mistry family infusing over ₹5,100 crore into the company in the past one year. marquee monetization worth ₹3,750 crore from two of its assets, including Sterling Wilson Renewable Energy Ltd and Eureka Forbes Ltd.
Mining firm Hindustan Zinc Limited (HZL) on Thursday said it will invest ₹350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle.
The Income Tax Department has found alleged illegal business expenses of over ₹800 crore, ₹60 crore “unaccounted” cash used to purchase land in Delhi and role of some shell companies after it raided Hero Motocorp and two other groups, officials said on Thursday.
Moving on to markets
The markets are likely to start Friday’s session on a negative note amid globally weak sentiment as US and European markets logged in significant losses overnight.
The SGX Nifty futures were quoting at 17,430 levels at 7:55 am, hinting at a gap-down start of over 100 points on the Nifty50.
Business Term of the day
Debt restructuring is a process used by companies, individuals, and even countries to avoid the risk of defaulting on their existing debts, such as by negotiating lower interest rates. Debt restructuring provides a less expensive alternative to bankruptcy when a debtor is in financial turmoil, and it can work to the benefit of both borrower and lender.
In this episode, find out why CCI has ordered a probe into Zomato & Swiggy, also find out about Carlyle group selling stake in SBI Cards Business Term of the Day: Merger Read more
In this episode, find out why CCI has ordered a probe into Zomato & Swiggy, also find out about Carlyle group selling stake in SBI Cards Business Term of the Day: Merger Read more
In this episode, find out why lenders of Future Group are looking to auction assets of the retail venture, also find out about HDFC bank’s Q4 business numbers Business Term of the ... Read more
In this episode, find out why lenders of Future Group are looking to auction assets of the retail venture, also find out about HDFC bank’s Q4 business numbers Business Term of the Day: Real interest rate Read more
In this episode, find out about the drop in telecom subscriber base, also find out about Bain Capital picking up 25% stake in IIFL Wealth Business Term of the Day: Revolver Read more
In this episode, find out about the drop in telecom subscriber base, also find out about Bain Capital picking up 25% stake in IIFL Wealth Business Term of the Day: Revolver Read more
In this episode, find out about the Hero MotoCorp’s hike in prices of motorcycles, scooters, also find out about Future Enterprises’ payment default Business Term of the Day: Fisc ... Read more
In this episode, find out about the Hero MotoCorp’s hike in prices of motorcycles, scooters, also find out about Future Enterprises’ payment default Business Term of the Day: Fiscal Policy Read more
In this episode, find out about Aurobindo Pharma’s acquisition of Veritaz’ formulation biz, also find out the latest about Ruchi Soya FPO after SEBI rap Business Term of the Day: ... Read more
In this episode, find out about Aurobindo Pharma’s acquisition of Veritaz’ formulation biz, also find out the latest about Ruchi Soya FPO after SEBI rap Business Term of the Day: Super app Read more
In this episode, find out about Adani Gas’ foray into electric mobility infrastructure, also find out about Emami’s acquisition of Dermicool Business Term of the Day: Employee Sto ... Read more
In this episode, find out about Adani Gas’ foray into electric mobility infrastructure, also find out about Emami’s acquisition of Dermicool Business Term of the Day: Employee Stock Option Plan Read more
In this episode, find out why oil marketing companies have raised petrol prices for the third time in a row, also find out about Reliance Industries’ bid for Sintex Industries Bus ... Read more
In this episode, find out why oil marketing companies have raised petrol prices for the third time in a row, also find out about Reliance Industries’ bid for Sintex Industries Business Term of the Day: Gross Merchandise Value Read more
In this episode, find out about income tax searches at Hero MotoCorp, also find out about HDFC bank’s acquisition of 7.8% stake in ONDC Business Term of the Day: Share buyback Read more
In this episode, find out about income tax searches at Hero MotoCorp, also find out about HDFC bank’s acquisition of 7.8% stake in ONDC Business Term of the Day: Share buyback Read more
In this episode, find out about Infosys’ deal to acquire Germany-based Oddity, also find out about Indiabulls Housing Finance debt raising plans Business Term of the Day: Loan aga ... Read more
In this episode, find out about Infosys’ deal to acquire Germany-based Oddity, also find out about Indiabulls Housing Finance debt raising plans Business Term of the Day: Loan against Securities Read more
In this episode, find out about Wockhardt’s plans to deliver a global vaccine programme, also find out about Suzuki’s plans in Gujarat for manufacturing electric vehicles. Busines ... Read more
In this episode, find out about Wockhardt’s plans to deliver a global vaccine programme, also find out about Suzuki’s plans in Gujarat for manufacturing electric vehicles. Business Term of the Day: NFT Read more
