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 why the major automobile manufacturers reported a decline in May sales, why PMI data fell to 10 month low Business Term of the Day: Reflation Read more
In this episode, find out why the major automobile manufacturers reported a decline in May sales, why PMI data fell to 10 month low Business Term of the Day: Reflation Read more
In this episode, find out why the Supreme Court has asked the centre to revise its vaccine policy, why Aditya Puri is interested in PNB housing Finance Business Term of the Day: ... Read more
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In this episode, find out why the government has extended the ECLGS to airlines & hospitals, why Oil edged higher on Asia trading Business Term of the Day: Gross Domestic Pro ... Read more
In this episode, find out why the government has extended the ECLGS to airlines & hospitals, why Oil edged higher on Asia trading Business Term of the Day: Gross Domestic Product Read more
In this episode, find out why Sun Pharma & Eicher Motors Q4 earning disappointed, why US markets rallied on Thursday Business Term of the Day: Valuation Read more
In this episode, find out why Sun Pharma & Eicher Motors Q4 earning disappointed, why US markets rallied on Thursday Business Term of the Day: Valuation Read more
In this episode, find out why Uday Kotak believes that government should provide fiscal stimulus, why Amazon is looking to MGM for $8.5 bn Business Term of the Day: Follow on Pub ... Read more
In this episode, find out why Uday Kotak believes that government should provide fiscal stimulus, why Amazon is looking to MGM for $8.5 bn Business Term of the Day: Follow on Public offer Read more
In this episode, find out why HDFC is looking to raise bonds worth Rs 7000 crore, why Wall street rally was stalled overnight Business Term of the Day: Fiscal deficit Read more
In this episode, find out why HDFC is looking to raise bonds worth Rs 7000 crore, why Wall street rally was stalled overnight Business Term of the Day: Fiscal deficit Read more
In this episode, find out why DOT may soon allow mobile phone users to switch connections, why Bitcoins rebounded after sharply dropping Business Term of the Day: Capital Markets Read more
In this episode, find out why DOT may soon allow mobile phone users to switch connections, why Bitcoins rebounded after sharply dropping Business Term of the Day: Capital Markets Read more
In this episode, find out why Bharat Biotech is looking to apply for an emergency use listing tag for its covid vaccine, why Bitcoins had a volatile weekend Business Term of the D ... Read more
In this episode, find out why Bharat Biotech is looking to apply for an emergency use listing tag for its covid vaccine, why Bitcoins had a volatile weekend Business Term of the Day: Revenue Read more
In this episode, find out why HPCL’s profit jumped in Q4, why RBI has imposed penalty on City Union bank Business Term of the Day: Brent Crude Read more
In this episode, find out why HPCL’s profit jumped in Q4, why RBI has imposed penalty on City Union bank Business Term of the Day: Brent Crude Read more
In this episode, find out why PSU banks are seeking second round of restructuring, why it’s good news for tourists travelling to European Union Business Term of the Day: Bitcoin Read more
In this episode, find out why PSU banks are seeking second round of restructuring, why it’s good news for tourists travelling to European Union Business Term of the Day: Bitcoin Read more
