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 why Indian markets are likely to open lower in trade today, also find out about Reliance New Energy’s plan to acquire Lithium Werks
Business Term of the D ... Read more
In this episode, find out why Indian markets are likely to open lower in trade today, also find out about Reliance New Energy’s plan to acquire Lithium Werks
Business Term of the Day: Wholesale inflation Read more
In this episode, find out why LIC is looking at IPO in April, also find out about Brookfield’s plans to buy a substantial stake in Mahindra Susten Business Term of the Day: Refere ... Read more
In this episode, find out why LIC is looking at IPO in April, also find out about Brookfield’s plans to buy a substantial stake in Mahindra Susten Business Term of the Day: Reference exchange rate Read more
In this episode, find out about SEBI’s search operations in social media stock tips scam, also find out why US markets fell during trade Business Term of the Day: Tax planning Read more
In this episode, find out about SEBI’s search operations in social media stock tips scam, also find out why US markets fell during trade Business Term of the Day: Tax planning Read more
In this episode, find out about SEBI’s decision to clear the LIC IPO, also find out about RIL’s decision to terminate lease for 835 Future Retail stores Business Term of the Day: ... Read more
In this episode, find out about SEBI’s decision to clear the LIC IPO, also find out about RIL’s decision to terminate lease for 835 Future Retail stores Business Term of the Day: Supply shock Read more
In this episode, find out about NSE CEO Vikram Limaye’s plan to step down after his tenure ends in July, also find out why oil companies will be in focus in trade today Business T ... Read more
In this episode, find out about NSE CEO Vikram Limaye’s plan to step down after his tenure ends in July, also find out why oil companies will be in focus in trade today Business Term of the Day: Unified Payment Interface Read more
In this episode, find out about TCS’ Rs 18,000 crore share buyback plan, also find out ICICI bank’s plans to raise infrastructure bonds. Business Term of the Day: Generic drugs Read more
In this episode, find out about TCS’ Rs 18,000 crore share buyback plan, also find out ICICI bank’s plans to raise infrastructure bonds. Business Term of the Day: Generic drugs Read more
In this episode, find out why Indian markets are set to open lower today, also find out about PNB Housing Finance’s equity raising plan after a failed attempt last time Business T ... Read more
In this episode, find out why Indian markets are set to open lower today, also find out about PNB Housing Finance’s equity raising plan after a failed attempt last time Business Term of the Day: Limited Partners Read more
In this episode, find out about Amazon & Future Group's out of court settlement talks, also find out about Aditya Birla & Vodafone Group's Rs 4500 crore lifeline to Vodafon ... Read more
In this episode, find out about Amazon & Future Group's out of court settlement talks, also find out about Aditya Birla & Vodafone Group's Rs 4500 crore lifeline to Vodafone Idea Business Term of the Day: Rupee-Ruble trade arrangement Read more
In this episode, find out why the sale of FCMG goods fell in the December quarter, also find out about lenders' plan to convert Suzlon Energy’s debt into equity Business Term of t ... Read more
In this episode, find out why the sale of FCMG goods fell in the December quarter, also find out about lenders' plan to convert Suzlon Energy’s debt into equity Business Term of the Day: Buyback of shares. Read more
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