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 Biju’s founder’s fundraising plan to buyback as much as 15% of the firm, also find out about NARCL’s bid for Srei cos Business Term of the Day: Enc ... Read more
In this episode, find out about Biju’s founder’s fundraising plan to buyback as much as 15% of the firm, also find out about NARCL’s bid for Srei cos Business Term of the Day: Encumbrance Read more
In this episode, find out about Amazon’s plans to enter electricity trading, also find out about Reliance Retail FCMG arm’s move to acquire a stake in Sosyo Hajoori Beverages Busi ... Read more
In this episode, find out about Amazon’s plans to enter electricity trading, also find out about Reliance Retail FCMG arm’s move to acquire a stake in Sosyo Hajoori Beverages Business Term of the Day: Loan To Value Ratio Read more
In this episode of Mint Business News, fint out about BharatPe's founder stepping down as CEO and Jet Airways' Revival Plan. Business Term of the day - Credit Spread Read more
In this episode of Mint Business News, fint out about BharatPe's founder stepping down as CEO and Jet Airways' Revival Plan. Business Term of the day - Credit Spread Read more
In this episode of Mint Business News, find out about Tata Motors's acquisition plan of Ford India’s manufacturing plant at Sanand in Gujarat and also find out about Religare Ente ... Read more
In this episode of Mint Business News, find out about Tata Motors's acquisition plan of Ford India’s manufacturing plant at Sanand in Gujarat and also find out about Religare Enterprises' settlement issue. Read more
In this episode, find out about JK Cement’s foray into the paint’s business, also find out about Yes Bank’s decision to transfer Dish TV shares to JC Flowers ARC Business Term of ... Read more
In this episode, find out about JK Cement’s foray into the paint’s business, also find out about Yes Bank’s decision to transfer Dish TV shares to JC Flowers ARC Business Term of the Day: Asset Reconstruction Company Read more
In this episode, find out about the listing of Sula Vineyard on the exchanges, also find out about Zee’s re-entry into the sports broadcasting business Business Term of the Day: B ... Read more
In this episode, find out about the listing of Sula Vineyard on the exchanges, also find out about Zee’s re-entry into the sports broadcasting business Business Term of the Day: Buyback Read more
In this episode, find out about Bharti Airtel’s acquisition of stake in a Bengaluru start-up, also find out about Jubilant Foodworks’ 20-minute delivery plan for Domino’s Pizza Bu ... Read more
In this episode, find out about Bharti Airtel’s acquisition of stake in a Bengaluru start-up, also find out about Jubilant Foodworks’ 20-minute delivery plan for Domino’s Pizza Business Term of the Day: Foreign exchange market Read more
In this episode, find out about the block deal by promoters of Dabur India, also find out why markets have hit day’s low in trade today Business Term of the Day: Anchor Investors Read more
In this episode, find out about the block deal by promoters of Dabur India, also find out why markets have hit day’s low in trade today Business Term of the Day: Anchor Investors Read more
In this episode, find out about KFin Tech’s IPO, also find out about Adani Group’s plan to invest Rs 10,700 cr for the expansion of Lucknow Airport Business Term of the Day: Share ... Read more
In this episode, find out about KFin Tech’s IPO, also find out about Adani Group’s plan to invest Rs 10,700 cr for the expansion of Lucknow Airport Business Term of the Day: Share purchase agreement Read more
In this episode, find out about Reliance group’s new packaged goods brand, also find out about HPCL’s debt-raising plan Business Term of the Day: Capital Read more
In this episode, find out about Reliance group’s new packaged goods brand, also find out about HPCL’s debt-raising plan Business Term of the Day: Capital Read more
