In this episode, find out about Future group shareholders' vote on the deal with RIL, also find out about Tata Steel's plans to exit Russia.
Business Term of the Day: ESOPs A high growth rate for India, as projected in the latest World Economic Outlook, is not only healthy for the country but also positive news for the world, Managing Director of the International Monetary FundKristalina Georgieva has said. The IMF, early this week, projected a fairly robust growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than China’s 4.4 per cent. The global growth has been projected at 3.6 per cent in 2022, down from 6.1 per cent in 2021. Future Group companies on Wednesday held shareholders meetings, pursuant to tribunal directions, to seek approvals for the proposed Rs 24,713-crore deal with Reliance Industries (RIL). The group companies — Future Retail (FRL), Future Enterprises (FEL), Future Lifestyle Fashions (FLF) and Future Consumer (FCL) — held their meetings through videoconferencing and other audio-visual means, the companies said in separate regulatory updates. HDFC on Wednesday said it has entered into binding agreements to sell a 10% stake in HDFC Capital Advisors to a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) for Rs 184 crore. Tata Steel: The company has stopped doing business with Russia. All steel manufacturing sites in India, the UK and the Netherlands are now sourcing raw material from elsewhere. Welspun Corp: Welspun group company Welspun Corp has placed a bid to acquire Sintex Prefab and Infra Ltd, as part of the Sintex group firm’s ongoing bankruptcy resolution process in the National Company Law Tribunal (NCLT), said two people aware of the development. Atul Auto: Joined hands with Valeo and Honda Power Pack Energy India for electric vehicles. The company joined hands with Valeo and Honda Power Pack Energy India for electric vehicles with battery swapping solution. Subsidiary Atul Greentech, engaged in designing and developing solutions for last mile electric mobility for domestic and export markets, would launch the e-vehicle after successful completion of field trials. Moving on to markets Domestic equity markets are eyeing a positive start on Thursday amid positive global trends. SGX Nifty indicate a gap-up opening for the broader index in India with a gain of 109 points. U.S. equity futures and Asian equities rose on Thursday amid concerns over surging inflation. Cyient, HCL Technologies, ICICI Lombard General Insurance, and Nestle India are among the 18 companies slated to report their March quarter earnings on Thursday. Meanwhile, Nestle Indiacould report muted profits for March quarter due to subdued domestic demand and commodity cost inflation Analysts expect HCL Tech to post weak-to-modest sequential revenue growth of 0.5-2.9 per cent in constant currency (cc), due to dull performance of the products and platform business (P&P). READ HEREBusiness term of the day An employee stock ownership plan (ESOP) is a type of employee benefit plan which is intended to encourage employees to acquire stocks or ownership in the company. Under these plans, the employer gives certain stocks of the company to the employee for negligible or less costs which remain in the ESOP trust fund, until the options vests and the employee exercises them or the employee leaves/retires from the company or institution.
In this episode, find out about GQG Partners buying JSW Energy shares, also find out about Nazara Tech's investment in Israeli gaming start up Snax Games.
Business Term of the Day: ... Read more
In this episode, find out about GQG Partners buying JSW Energy shares, also find out about Nazara Tech's investment in Israeli gaming start up Snax Games.
Business Term of the Day: Private credit Read more
In this episode, find out about Adani Ports' new auditor, also find out about TVS Supply chain Solution IPO closing.
Business Term of the Day: Value of New Business (VNB) Read more
In this episode, find out about Adani Ports' new auditor, also find out about TVS Supply chain Solution IPO closing.
Business Term of the Day: Value of New Business (VNB) Read more
In this episode, find out about Suzlon's QIP plans, also find out about Air India's rebranding exercise.
Business Term of the Day: Credit Rating Agency Read more
In this episode, find out about Suzlon's QIP plans, also find out about Air India's rebranding exercise.
Business Term of the Day: Credit Rating Agency Read more
In this episode, find out about Adani's plans to divest stake in Adani Wilmer, also about Zee Learn's decision to sign a settlement pact with JC Flowers ARC.
Business Term of the D ... Read more
In this episode, find out about Adani's plans to divest stake in Adani Wilmer, also about Zee Learn's decision to sign a settlement pact with JC Flowers ARC.
Business Term of the Day: Bonus shares Read more
In this episode, find out about RBI's approval to ICICI bank to increase stake in ICICI Lombard General Insurance Co Ltd, also about the big news announcements that market is watch ... Read more
In this episode, find out about RBI's approval to ICICI bank to increase stake in ICICI Lombard General Insurance Co Ltd, also about the big news announcements that market is watching this week.
Business Term of the Day: Burn rate. Read more
In this episode, find out about Blackstone looking to submit non-binding bid for 33% promoter stake in Cipla, also about Zomato turning profitable.
Business Term of the Day: Curren ... Read more
In this episode, find out about Blackstone looking to submit non-binding bid for 33% promoter stake in Cipla, also about Zomato turning profitable.
Business Term of the Day: Currency in circulation Read more
In this episode, find out about Bain Capital selling stake in L&T Finance, also about Rites eying international contracts.
Business Term of the Day: Treasury Bills Read more
In this episode, find out about Bain Capital selling stake in L&T Finance, also about Rites eying international contracts.
Business Term of the Day: Treasury Bills Read more
In this episode, find out about Maruti Suzuki's Q1 sales figure, also about ED raid on Hero Motocorp chairperson Pawan Munjal.
Business Term of the Day: Remittance Read more
In this episode, find out about Maruti Suzuki's Q1 sales figure, also about ED raid on Hero Motocorp chairperson Pawan Munjal.
Business Term of the Day: Remittance Read more
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