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 how HDFC Bank is looking to regain its credit card market share, why CCI has fined Maruti Suzuki Rs 200 crore Business Term of the Day: Cooperative bank ... Read more
In this episode, find out how HDFC Bank is looking to regain its credit card market share, why CCI has fined Maruti Suzuki Rs 200 crore Business Term of the Day: Cooperative banks Read more
In this episode, find out why the government will launch the National Monetisation pipeline, why SEBI has put Adani Wilmer’s IPO on hold Business Term of the Day: Special Drawing ... Read more
In this episode, find out why the government will launch the National Monetisation pipeline, why SEBI has put Adani Wilmer’s IPO on hold Business Term of the Day: Special Drawing Rights Read more
In this episode, find out why Jet Airways employees have rejected the Kalrock-Jalan consortium’s offer, why Airtel has moved to SC. Business Term: NCLT Read more
In this episode, find out why Jet Airways employees have rejected the Kalrock-Jalan consortium’s offer, why Airtel has moved to SC. Business Term: NCLT Read more
In this episode, find out why the Union cabinet cleared the Rs 11000 crore palm oil project, why US markets slid post FOMC minutes Business Term of the Day: Additional Tier 1 bon ... Read more
In this episode, find out why the Union cabinet cleared the Rs 11000 crore palm oil project, why US markets slid post FOMC minutes Business Term of the Day: Additional Tier 1 bond Read more
In this episode, find out why retail sales continue to stay below pre-pandemic levels, why US markets saw the biggest decline Business Term of the Day: National Automobile Scrapp ... Read more
In this episode, find out why retail sales continue to stay below pre-pandemic levels, why US markets saw the biggest decline Business Term of the Day: National Automobile Scrappage Policy Read more
In this episode find out, Adani Group to acquire MBCPNL portfolio from Sadbhav Infra, Why the activity levels are moving back towards pre-pandemic levels Business term: Build oper ... Read more
In this episode find out, Adani Group to acquire MBCPNL portfolio from Sadbhav Infra, Why the activity levels are moving back towards pre-pandemic levels Business term: Build operate transfer (BOT) Read more
In this episode, find out why Ola Electric has come out with new electric scooters, why Indian markets may open lower in today’s trade Business Term of the Day: FAME 2 Read more
In this episode, find out why Ola Electric has come out with new electric scooters, why Indian markets may open lower in today’s trade Business Term of the Day: FAME 2 Read more
In this episode, find out Future Group has filed petition before SC, why Asian markets wavered during Friday trade Business Term of the Day: Operating Profit Read more
In this episode, find out Future Group has filed petition before SC, why Asian markets wavered during Friday trade Business Term of the Day: Operating Profit Read more
In this episode, find out why Yes bank is looking to set up an ARC, why US markets touched record highs Business Term of the Day: Asset Reconstruction Company Read more
In this episode, find out why Yes bank is looking to set up an ARC, why US markets touched record highs Business Term of the Day: Asset Reconstruction Company Read more
In this episode, find out why zomato reported Q1 loss, why Reliance Energy will invest $50 m in Ambri Business Term of the Day: Employee Stock Ownership Plan Read more
In this episode, find out why zomato reported Q1 loss, why Reliance Energy will invest $50 m in Ambri Business Term of the Day: Employee Stock Ownership Plan Read more
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