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 Infosys’ collaboration with Bpost, also find out about JSW Steel entering into a pact with SMS Group Business Term of the Day: Know your Customer Read more
In this episode, find out about Infosys’ collaboration with Bpost, also find out about JSW Steel entering into a pact with SMS Group Business Term of the Day: Know your Customer Read more
In this episode, find out about TCS’ tie-up with US-based C&S Wholesale Grocers, also find out about Ujjivan Small Finance Bank’s QIP Business Term of the Day: Intra-day Read more
In this episode, find out about TCS’ tie-up with US-based C&S Wholesale Grocers, also find out about Ujjivan Small Finance Bank’s QIP Business Term of the Day: Intra-day Read more
In this episode, find out about Adani’s plan to overhaul the board of ACC, Ambuja Cements and also find out about Reliance Petroleum Retail’s plan to acquire Shubhalakshmi Polyeste ... Read more
In this episode, find out about Adani’s plan to overhaul the board of ACC, Ambuja Cements and also find out about Reliance Petroleum Retail’s plan to acquire Shubhalakshmi Polyesters Business Term of the Day: Personal Guarantee Read more
In this episode, find out why Reliance Jio going is close to finalizing its contract with telecom gear maker Ericsson and what are government's plans for Vodafone Idea. Read more
In this episode, find out why Reliance Jio going is close to finalizing its contract with telecom gear maker Ericsson and what are government's plans for Vodafone Idea. 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 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