State Bank of India (SBI), is looking to raise long term funds upto $ two billion from international markets in the current financial year (FY23). The executive committee of the Bank’s central board will meet on May 10 to examine the status and decide on long term fund raising in single/multiple tranches
Future Retail: The firm’s managing director rakesh Biyani has stepped down while officials, including the company secretary of the debt-ridden firm, have also tendered resignations. The Future Group’s flagship firm is facing an insolvency petition by its lenders before the National Company Law Tribunal.
IndiaBulls Housing: The Bombay High Court has allowed a petition by Indiabulls Housing Finance to quash a first information report filed by a shareholder at Wada, Palghar district, accusing the company of cheating, criminal breach of trust and siphoning off funds.
Dilip Buildcon: Has said a road project entailing ‘four laning of Sangli- Solapur section of NH-166′ in Maharashtra on Hybrid Annuity Mode’ has been provisionally completed. The authority has issued Provisional Completion Certificate for the said project, saying the project is fit for entry into commercial operation as on 25 April 2022.
UPL: The agro-chemicals major said it has acquired a naturally-derived fungicide, OptiCHOS, for its natural plant protection business unit. The NPP portfolio houses natural and biologically derived agricultural inputs and technologies.
Moving on to markets
The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 155 points
Indian stock markets tanked on Wednesday after the Reserve Bank of India stunned the market with an increase in policy rates, citing inflationary pressures.
The central bank’s monetary policy committee, in an off-cycle meeting, raised key lending rate by 40 basis points.
Asian shares rose Thursday, tracking overnight gains on Wall Street after the US Fed raised interest rates by 50 bps but sounded a less hawkish tone than some had feared, lifting investor sentiment
Business term of the day
Stagflation is a phenomenon in which the inflation is high, economic growth is slow and unemployment is relatively high. Essentially, costs are running high on the one hand and incomes are either stagnating or growing at a slow pace.
In this episode, find out about Hindustan Zinc’s 1300% dividend payout, also find out about IOC’s plan to set up petrochem plant in Odisha Read more
In this episode, find out about Hindustan Zinc’s 1300% dividend payout, also find out about IOC’s plan to set up petrochem plant in Odisha Read more
In this episode, find out about IOC & NTPC’s decision to run refinery on green power, also find out about GMR’s plan to merge GMR Airports Infra with itself. Read more
In this episode, find out about IOC & NTPC’s decision to run refinery on green power, also find out about GMR’s plan to merge GMR Airports Infra with itself. Read more
In this episode, find out about Amazon’s plan to acquire MX Player, also find out about Reliance’ plan to relaunch auction for natural gas. Read more
In this episode, find out about Amazon’s plan to acquire MX Player, also find out about Reliance’ plan to relaunch auction for natural gas. Read more
In this episode, find out about government’s plans to defer IDBI privatisation plan, also find out about Malaysia’s Petronas offer to buy 20% stake in NTPC’s green arm Read more
In this episode, find out about government’s plans to defer IDBI privatisation plan, also find out about Malaysia’s Petronas offer to buy 20% stake in NTPC’s green arm Read more
In this episode, find out about SJVN’s pact with Indian Oil Corp, also find out about GAIL’s bid to acquire JBF Petrochemicals Business Term of the Day: Gratuity Read more
In this episode, find out about SJVN’s pact with Indian Oil Corp, also find out about GAIL’s bid to acquire JBF Petrochemicals Business Term of the Day: Gratuity Read more
In this episode, find out about about Embassy Office Parks green initiatives, also find out about Shriram Finance’s plan to raise $2.4 bn to fund growth n FY24 Read more
In this episode, find out about about Embassy Office Parks green initiatives, also find out about Shriram Finance’s plan to raise $2.4 bn to fund growth n FY24 Read more
In this episode, find out about Tech Mahindra’s new CEO Mohit Joshi, also find out about Rakesh Jhunjhunwala backed Nazara Tech’s subsidiaries’ exposures to SVB Business Term of t ... Read more
In this episode, find out about Tech Mahindra’s new CEO Mohit Joshi, also find out about Rakesh Jhunjhunwala backed Nazara Tech’s subsidiaries’ exposures to SVB Business Term of the Day: Held to Maturity Read more
In this episode, find out about Bank of Baroda’s decision to divest 49% stake in BoB Financial Solutions, also find out about Maharashtra government has reduced VAT on aviation fue ... Read more
In this episode, find out about Bank of Baroda’s decision to divest 49% stake in BoB Financial Solutions, also find out about Maharashtra government has reduced VAT on aviation fuel to 18% Read more
In this episode, find out about Adani family’s sale of Rs 15,446 crore worth of stake in group cos, also find out about Greenko Energy’s fundraising plan Business Term of the Day: ... Read more
In this episode, find out about Adani family’s sale of Rs 15,446 crore worth of stake in group cos, also find out about Greenko Energy’s fundraising plan Business Term of the Day: Corporate governance Read more