Twitter is on its way to become a privately held company as Tesla CEO Elon Musk has reached an agreement to buy Twitter for roughly $44 billion on Monday. Musk will pay shareholders $54.20 per share, representing a 38% premium on Twitter’s closing stock price on April 1. After the deal was finalised in the early hours of Tuesday (IST), Elon Musk hailed free speech in a tweet.
State-owned Bank of India (BoI) on Monday said it will raise up to ₹2,500 crore by issuing fresh equity shares in order to comply with the minimum public shareholding requirement of 25 per cent.
Century Textiles & Industries, part of the Aditya Birla group, on Monday reported a ₹84 crore net income in the March quarter, making a turn around from a ₹5 crore net loss in the year-ago period as its sales jumped 45 per cent to ₹1,188 crore.
Private lender Yes Bank has initiated insolvency proceedings against Zee Learn alleging a default on a financial facility worth Rs. 468 crores, Zee Learn said in an exchange filing on April 25. Zee Learn is part of the Essel Group that operates in the education segment across India. In the December quarter, the company reported a net loss of Rs 4.91 crore.
Veranda Learning Solutions: The recently listed learning solutions provider has acquired T.I.M.E. (Advanced Educational Activities), the leading test-prep institute with a pan-India presence operating through 188 centres for Rs 287 crore.
Moving on to markets
Indian indices may witness a flat to negative start on Tuesday amid mixed global trends.
Global sentiments were uplifted after world’s richest person Elon Musk clinched a deal to buy social media platform Twitter.
Oil prices took a hit, along with stocks in Europe, over concerns of Covid-19 outbreak in China, while Asian equities were mixed in early trade on Tuesday.
The yield on the 10-year government bond fell the most in 19 months as traders rushed to cover their short positions amid a drop in oil prices and US treasury yields. The yield fell by 12 basis points to 7.04% at the end of trading on Monday.
Business Term of the day
Short-selling is the sale of a security which the seller has not yet purchased. In due course, the short-seller will have to buy the borrowed security back from someone else in the market, in order to return it to the lender. Between selling and then buying back the security, the short-seller is said to have a short position. If the price of the security falls before it is bought back from the market, the short position will yield a capital gain (and vice versa).
In this episode, find out about Sembcorp Ind’s plan to sell entire stake in Sembcorp Energy, also find out about DreamFolks’ IPO plans Business Term of the Day: Multibagger Read more
In this episode, find out about Sembcorp Ind’s plan to sell entire stake in Sembcorp Energy, also find out about DreamFolks’ IPO plans Business Term of the Day: Multibagger Read more
In this episode, find out about Tamilnad Mercantile Bank’s IPO opens today, also find out about Mahindra Lifespace is targeting a 2.5 fold jump in annual sales bookings over next 3 ... Read more
In this episode, find out about Tamilnad Mercantile Bank’s IPO opens today, also find out about Mahindra Lifespace is targeting a 2.5 fold jump in annual sales bookings over next 3 years Business Term of the Day: NRE Deposit Read more
In this episode, find out about Aurobindo Pharma’s arm’s plans to invest Rs 300 cr for capacity expansion, also find out about Adani Enterprise’ entry into NSE Nifty50 index Busine ... Read more
In this episode, find out about Aurobindo Pharma’s arm’s plans to invest Rs 300 cr for capacity expansion, also find out about Adani Enterprise’ entry into NSE Nifty50 index Business Term of the Day: F&O expiry Read more
In this episode, find out about Indiabulls Housing Finance’ plan to issue NCDs and also find out about Dish TV Chair Jawahar Goel’s decision to step down Business Term of the Day: ... Read more
In this episode, find out about Indiabulls Housing Finance’ plan to issue NCDs and also find out about Dish TV Chair Jawahar Goel’s decision to step down Business Term of the Day: Forward Premium Read more
In this episode, find out about TMB’s IPO set to open on September 5 and also find out about India’s Q1 GDP to be released today Business Term of the Day: Business Cycle Read more
In this episode, find out about TMB’s IPO set to open on September 5 and also find out about India’s Q1 GDP to be released today Business Term of the Day: Business Cycle Read more
In this episode, find out about BPCL’s plan to scale up its renewable energy portfolio to 10 GW by 2040, and also find out about Mahindra Electric Mobility Limited (MEML)’s all-ne ... Read more
In this episode, find out about BPCL’s plan to scale up its renewable energy portfolio to 10 GW by 2040, and also find out about Mahindra Electric Mobility Limited (MEML)’s all-new cargo electric three-wheeler – Zor Grand. Business Term of the Day: Jackson Hole Economic Symposium 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 ... 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
