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 SBI’s decision to raise Rs 10,000 crore via infrastructure bonds, also find out about Alibaba Group Holding’s plan to sell a 3% stake in Zomato Bus ... Read more
In this episode, find out about SBI’s decision to raise Rs 10,000 crore via infrastructure bonds, also find out about Alibaba Group Holding’s plan to sell a 3% stake in Zomato Business Term of the Day: Digital Wallets Read more
In this episode, find out about PNB’s plans to divest stake in UTI Asset Management, also find out about ZIM Labortories’ plan to get listed on NSE Business Term of the Day: Disin ... Read more
In this episode, find out about PNB’s plans to divest stake in UTI Asset Management, also find out about ZIM Labortories’ plan to get listed on NSE Business Term of the Day: Disinvestment Read more
In this episode, find out about Jet Airwarys’ employees being asked to go on leave without pay, also find out about the government’s decision to roll back export duty on iron ore l ... Read more
In this episode, find out about Jet Airwarys’ employees being asked to go on leave without pay, also find out about the government’s decision to roll back export duty on iron ore lumps Business Term of the Day: Tariff Read more
In this episode, find out about Tata Motors’ new order from Haryana Roadways, also find out why DSP Investment Managers is picking up 10% stake in Equitas Small Finance Bank Busin ... Read more
In this episode, find out about Tata Motors’ new order from Haryana Roadways, also find out why DSP Investment Managers is picking up 10% stake in Equitas Small Finance Bank Business Term of the Day: Commercial paper Read more
In this episode, find out about TRAI’s new plan to roll out mobile phone caller identity system, also find out about Bajaj Auto’s plans to sell EV scooters in SE markets Business ... Read more
In this episode, find out about TRAI’s new plan to roll out mobile phone caller identity system, also find out about Bajaj Auto’s plans to sell EV scooters in SE markets Business Term of the Day: Certificate of Deposits Read more
In this episode, find out about the listing of Bikaji Foods and Global Health, also find out about ONGC Videsh’s plan to retake its Sakhalin-1 stake Business Term of the Day: Mone ... Read more
In this episode, find out about the listing of Bikaji Foods and Global Health, also find out about ONGC Videsh’s plan to retake its Sakhalin-1 stake Business Term of the Day: Monetary transmission Read more
In this episode, find out about DCX System’ strong listing, also find out why Indian markets have surged in trade today Business Term of the Day: Custodian bank Read more
In this episode, find out about DCX System’ strong listing, also find out why Indian markets have surged in trade today Business Term of the Day: Custodian bank Read more
In this episode, find out about SUUTi’s decision to sell 1.55% stake in Axis Bank, also find out Adani Ports move to buy 49.38% stake in Indian Oiltanking Business Term of the Day ... Read more
In this episode, find out about SUUTi’s decision to sell 1.55% stake in Axis Bank, also find out Adani Ports move to buy 49.38% stake in Indian Oiltanking Business Term of the Day: Clearing House Read more
In this episode, find out about Paytm’s second-quarter earnings, also find out Macrotech’s plans to launch 16 new projects Business Term of the Day: Earnings guidance Read more
In this episode, find out about Paytm’s second-quarter earnings, also find out Macrotech’s plans to launch 16 new projects Business Term of the Day: Earnings guidance Read more
