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 Adani Group’s commitment to completing the open offer for NDTV, also find out Vodafone Idea’s plan to raise debt funds via convertible debentures B ... Read more
In this episode, find out about Adani Group’s commitment to completing the open offer for NDTV, also find out Vodafone Idea’s plan to raise debt funds via convertible debentures Business Term of the Day: Exchange rate Read more
In this episode, find out about Sojitz Corp’s stake sale in Samvardhan Motherson Intl, also find out Tata Motors’ order to supply 300 electric buses to Jammu and Srinagar Business ... Read more
In this episode, find out about Sojitz Corp’s stake sale in Samvardhan Motherson Intl, also find out Tata Motors’ order to supply 300 electric buses to Jammu and Srinagar Business Term of the Day: Market capitalisation Read more
In this episode, find out about Byju’s $250 m rights issue, also find out Invesco’s decision to sell 5.5% stake in Zee Business Term of the Day: G-20 Read more
In this episode, find out about Byju’s $250 m rights issue, also find out Invesco’s decision to sell 5.5% stake in Zee Business Term of the Day: G-20 Read more
In this episode, find out about Tata Steel’s plans to divest steel business in UK, also find out HDFC Bank’s aim to close the merger ahead of the deadline Business Term of the Day ... Read more
In this episode, find out about Tata Steel’s plans to divest steel business in UK, also find out HDFC Bank’s aim to close the merger ahead of the deadline Business Term of the Day: Amortization Read more
In this episode, find out about Reliance Industries’ plan to acquire Metro AG, also find out MTNL’s Rs 17,571 crore fundraising plan Business Term of the Day: RBI Retail Direct Sc ... Read more
In this episode, find out about Reliance Industries’ plan to acquire Metro AG, also find out MTNL’s Rs 17,571 crore fundraising plan Business Term of the Day: RBI Retail Direct Scheme Read more
In this episode, find out about Byju’s decision to lay off 2500 employees, also find out Government’s decision to scrap SAIL’s Bhadravathi steel plant privatisation Business Term ... Read more
In this episode, find out about Byju’s decision to lay off 2500 employees, also find out Government’s decision to scrap SAIL’s Bhadravathi steel plant privatisation Business Term of the Day: Asset Reconstruction Company Read more
In this episode, find out about TCS’ plan to help central banks roll out digital currency, also find out why large corporates will not bid for IDBI Bank Business Term of the Day: ... Read more
In this episode, find out about TCS’ plan to help central banks roll out digital currency, also find out why large corporates will not bid for IDBI Bank Business Term of the Day: Suptech Read more
In this episode, find out about NCLT admitting GVK Power (Goindwal Sahib) for insolvency, also find out about Panacea Biotech baging global vaccine order Business Term of the Day: ... Read more
In this episode, find out about NCLT admitting GVK Power (Goindwal Sahib) for insolvency, also find out about Panacea Biotech baging global vaccine order Business Term of the Day: Net Asset Value Read more
In this episode, find out about RBI approves the appointment of Prashant Kumar as MD & CEO of Yes bank, also find out about World Bank cuts India’s FY23 GDP forecast to 6.5% B ... Read more
In this episode, find out about RBI approves the appointment of Prashant Kumar as MD & CEO of Yes bank, also find out about World Bank cuts India’s FY23 GDP forecast to 6.5% Business Term of the Day: Rebalancing Read more
In this episode, find out about CCI grants approval to the Zee-Sony deal, and also find out about JSW Energy to set up a 960 MW hydro pump storage project in Maharashtra Business ... Read more
In this episode, find out about CCI grants approval to the Zee-Sony deal, and also find out about JSW Energy to set up a 960 MW hydro pump storage project in Maharashtra Business Term of the Day: Just in Time Read more