In this episode, find out Nxtdigital’s plan to enter broadband over-satellite market, also find out about eMudhra’s tepid listing today.
Business Term of the Day: Red Herring Prospectus Kishore Biyani and his family, the promoters of the debt-laden Future Group, are in talks with Mukesh Ambani-led Reliance Industries Ltd (RIL) to sell the group’s supply chain and logistics businesses, two people aware of the matter said. The Biyani family is also in separate talks with at least three large investors, including Azim Premji’s Premji Invest and billionaire investor Rakesh Jhunjhunwala to sell Future Lifestyle Fashions Ltd, the people said on condition of anonymity. Nxtdigital: Hinduja group firm Nxtdigital and Thaicom have signed a memorandum of understanding to form a strategic partnership to enter the broadband-over-satellite market and related services in India. The defence ministry sealed a contract worth ₹2,971 crore with Bharat Dynamics Limited (BDL) on Tuesday to procure several batches of the Astra MK-I beyond visual range (BVR) air-to-air missiles and associated equipment. The missiles are being procured for the Indian Air Force (IAF) and the Indian Navy, the ministry said. Religare Enterprises: Religare Enterprises and Religare Finvest on Tuesday settled fees of cumulatively more than ₹10.50 crore with market regulator Sebi in a case about alleged financial mismanagement and diversion of funds. eMudhra shares saw a tepid listing on June 1 as the stock debut with 6 percent premium to issue price of Rs 256 per share. The opening price was Rs 271 on the BSE, while it started off day on the National Stock Exchange at Rs 270. This was the 15th listing on the bourses this year after LIC, Adani Wilmar, Campus Activewear, Delhivery etc. Moving on to markets Indian indices climbed up on Wednesday before slipping into red in choppy trade as government data showed that the country’s economic growth slowed to the lowest in a year in the first three months of 2022. The data showed India’s gross domestic product grew 4.1% year-on-year in January-March, below the 5.4% growth in Oct-December and growth of 8.4% in July-Sept. Stocks in Asia wavered as concerns that rates hikes may induce recession kept investors guessing about the outlook for the economy. Shares rose in Japan and Australia, while it wavered in Hong Kong, Shanghai, and South Korea. Business term of the day A Red Herring Prospectus, or offer document, is filed by a company to SEBI (Securities and Exchange Board of India) when it plans to raise money from the public by selling shares of the company to investors. The document is very useful to investors because it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds by filing an IPOs. It also explains how the company aims to use the money that will be raised, the possible risks for investors etc.
In this episode, find out about Hinduja Global Solutions buyback programme, also find out why Coal India is looking to invest Rs 42,600 cr in fossil fuel missing & green energy ... Read more
In this episode, find out about Hinduja Global Solutions buyback programme, also find out why Coal India is looking to invest Rs 42,600 cr in fossil fuel missing & green energy Business Term of the Day: Short selling Read more
In this episode, find out who are the anchor investors for Adani Enterprises’ FPO, also find out why PhonePe’s investors have to take a hit of Rs 8000 cr capital gains tax Busines ... Read more
In this episode, find out who are the anchor investors for Adani Enterprises’ FPO, also find out why PhonePe’s investors have to take a hit of Rs 8000 cr capital gains tax Business Term of the Day: Public Accounts Read more
In this episode, find out about Bharti Airtel’s new entry-level tariff plans, also find out why Tata Motors to post profit after 7 qtrs Business Term of the Day: Accounting fraud Read more
In this episode, find out about Bharti Airtel’s new entry-level tariff plans, also find out why Tata Motors to post profit after 7 qtrs Business Term of the Day: Accounting fraud Read more
In this episode, find out why RBI has extended the deadline for renewal of the bank locker agreement, also find out about why Zomato has scrapped the 10-minute delivery Business T ... Read more
In this episode, find out why RBI has extended the deadline for renewal of the bank locker agreement, also find out about why Zomato has scrapped the 10-minute delivery Business Term of the Day: Tax credit Read more
In this episode, find out about the resignation of Spencer retail’s MD & CEO, also find out about ICICI Bank’s Q3 results Business Term of the Day: Capital Budget Read more
In this episode, find out about the resignation of Spencer retail’s MD & CEO, also find out about ICICI Bank’s Q3 results Business Term of the Day: Capital Budget Read more
In this episode, find out about the changes made to the IBC by Ministry of Corporate Affair’, also find out about Adani Enterprises’ Follow on public offer Business Term of the Da ... Read more
In this episode, find out about the changes made to the IBC by Ministry of Corporate Affair’, also find out about Adani Enterprises’ Follow on public offer Business Term of the Day: Public private partnership Read more
In this episode, find out about Rattan India Enterprises’ plan for its EV venture Revolt Motors, also find out why the US FDA pull up Sun Pharma Business Term of the Day: e-gaming ... Read more
In this episode, find out about Rattan India Enterprises’ plan for its EV venture Revolt Motors, also find out why the US FDA pull up Sun Pharma Business Term of the Day: e-gaming policy Read more
In this episode, find out why Infosys reported a 13.4% YoY rise in profit in Q3, also find out about Alibaba selling a stake in One97 Communication Business Term of the Day: Telec ... Read more
In this episode, find out why Infosys reported a 13.4% YoY rise in profit in Q3, also find out about Alibaba selling a stake in One97 Communication Business Term of the Day: Telecom spectrum Read more
In this episode, find out about HUL’s 51% acquisition of Zywie Ventures, also find out about Wipro’s leadership changes Business Term of the Day: Financial inclusion Read more
In this episode, find out about HUL’s 51% acquisition of Zywie Ventures, also find out about Wipro’s leadership changes Business Term of the Day: Financial inclusion Read more
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