In this episode, find out why Infosys is targeting a 20% jump in annual revenue in FY22, also find out why Moody’s changed outlook on Vedanta Resources to negative. Business Term of the Day: options and futures. Wipro Has received a five-year contract to drive transformation for ABB’s information systems digital workplace services. The agreement, worth over $150 million, will help ABB’s information systems deliver enhanced, consumer-grade digital experiences for its 1,05,000 employees in over 100 countries Infosys: The IT major said it will hire more than 55,000 fresh graduates from campuses in FY23 as it sees a very good runway for growth going forward, chief executive Salil Parekh has said, adding that Infosys is targeting a 20% jump in annual revenues in FY22.edanta Ltd: Moody’s Investors Service has changed outlook on Vedanta Resources Ltd, parent of Vedanta, to ‘negative’ from ‘stable’, due to its largest near-term refinancing requirement amid tightening liquidity in the capital markets. Promoter of IndiGo airlines will seek shareholders’ approval for appointment of co-founder Rahul Bhatia as managing director, and for availing advisory services from non-executive director Gregg Albert Saretsky. Oil marketing companies on Wednesday raised aviation turbine fuel (ATF) prices for the second time in February. In the national capital, the price of jet fuel was raised to ₹90,519.79 per kilolitre from ₹86,038.16 per kilolitre. This is the highest ever ATF price. Also, reports said regular international flights services may resume in March-April. A joint venture between private equity AION & JSW Steel, SW Ispat Special Steel, has hived off its Raipur, Chhattisgarh plant along with certain other assets to its wholly-owned subsidiary via a slump sale of around ₹450 crore. JSW Ispat Special Products, formerly known as Monnet Ispat and Energy Ltd, has manufacturing facilities at Raigarh and Raipur. Moving on to markets US equity futures fell and Asian stocks were mixed Thursday as traders weighed geopolitical concerns and Federal Reserve tightening. Minutes from the Fed’s January meeting were less hawkish than some expected Indian equity benchmarks Sensex and Nifty50 are likely to start Thursday’s session on a positive note, despite a mixed trend across global markets Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — were up 40.5 points at 17,358. Business Term An options contract gives an investor the right, but not the obligation, to buy (or sell) shares at a specific price at any time, as long as the contract is in effect. By contrast, a futures contract requires a buyer to purchase shares—and a seller to sell them—on a specific future date, unless the holder’s position is closed before the expiration date. Options and futures are similar trading products that provide investors with the chance to make money and hedge current investments.
In this episode, find out why lenders have postponed Reliance Capital’s auction, also find out about HDFC Bank’s strong business growth in FY23. Read more
In this episode, find out why lenders have postponed Reliance Capital’s auction, also find out about HDFC Bank’s strong business growth in FY23. Read more
In this episode, find out about SEBI’s investigation into Adani Group’s links with 3 offshore entities, and also find out why Indian markets fell in early trade today. Read more
In this episode, find out about SEBI’s investigation into Adani Group’s links with 3 offshore entities, and also find out why Indian markets fell in early trade today. Read more
In this episode, find out about Air India’s fund raising from SBI, Bank of Baroda, also find out about PhonePe calling off deal with Zest Money Read more
In this episode, find out about Air India’s fund raising from SBI, Bank of Baroda, also find out about PhonePe calling off deal with Zest Money Read more
In this episode, find out about Vedanta’s interim dividend for FY23, also find out about Jindal Stainless’ nickel supply pact with New Yaking. Read more
In this episode, find out about Vedanta’s interim dividend for FY23, also find out about Jindal Stainless’ nickel supply pact with New Yaking. Read more
In this episode, find out about HDFC approving the issuance of NCDs worth Rs 57,000 cr, also find out about Aditya Birla Capital’s stake sale in Aditya Birla Insurance Brokers. Read more
In this episode, find out about HDFC approving the issuance of NCDs worth Rs 57,000 cr, also find out about Aditya Birla Capital’s stake sale in Aditya Birla Insurance Brokers. Read more
In this episode, find out about IOC & NTPC’s decision to run refinery on green power, also find out about GMR’s plan to merge GMR Airports Infra with itself. Read more
In this episode, find out about IOC & NTPC’s decision to run refinery on green power, also find out about GMR’s plan to merge GMR Airports Infra with itself. Read more
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