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 Several Adani group companies are under scanner, why global & domestic markets plunged in trade Business Term of the Day: Preferential allotmen ... Read more
In this episode, find out why Several Adani group companies are under scanner, why global & domestic markets plunged in trade Business Term of the Day: Preferential allotment Read more
In this episode, find out why Reliance Retail is looking to acquire Just Dial, why oil prices will be in focus post-OPEC deal Business Term of the Day: ESG Read more
In this episode, find out why Reliance Retail is looking to acquire Just Dial, why oil prices will be in focus post-OPEC deal Business Term of the Day: ESG Read more
In this episode, find out why Merchandise trade deficit fell in June, why today’s Oil is headed for the biggest weekly decline since mid March Business Term of the Day: Balance s ... Read more
In this episode, find out why Merchandise trade deficit fell in June, why today’s Oil is headed for the biggest weekly decline since mid March Business Term of the Day: Balance sheet Read more
In this episode, find out why Marcio has acquired stake in Apcos Naturals, why US markets closed higher on US fed chief statement Business Term of the Day: Data localisation Read more
In this episode, find out why Marcio has acquired stake in Apcos Naturals, why US markets closed higher on US fed chief statement Business Term of the Day: Data localisation Read more
In this episode, find out why NMDC is looking to demerge steel unit from itself, why today’s Asian stocks were mixed in early trade Business Term of the Day: Anchor investor Read more
In this episode, find out why NMDC is looking to demerge steel unit from itself, why today’s Asian stocks were mixed in early trade Business Term of the Day: Anchor investor Read more
In this episode, find out why PNB housing has questioned SEBI's power to direct valuation by an independent valuer, why today’s Dr. Reddy's said rollout of Sputnik V vaccine has to ... Read more
In this episode, find out why PNB housing has questioned SEBI's power to direct valuation by an independent valuer, why today’s Dr. Reddy's said rollout of Sputnik V vaccine has to be put on hold Business Term of the Day: bond yield Read more
In this episode, find out why RBI has asked banks to prepare for transition from Libor by Dec end, why ECB has raised its inflation target Business Term of the Day: LIBOR Read more
In this episode, find out why RBI has asked banks to prepare for transition from Libor by Dec end, why ECB has raised its inflation target Business Term of the Day: LIBOR Read more
In this episode, find out why Zomato is looking to advance its IPO to next week, why PNB asked PNB Housing to reconsider Rs 4000 cr fund-raising plan Business Term of the Day: Pr ... Read more
In this episode, find out why Zomato is looking to advance its IPO to next week, why PNB asked PNB Housing to reconsider Rs 4000 cr fund-raising plan Business Term of the Day: Private Equity Read more
In this episode, find out why Bajaj Finance is likely to report a muted June quarter, why One97 Communications has reshuffled its board ahead of its IPO Business Term of the Day: ... Read more
In this episode, find out why Bajaj Finance is likely to report a muted June quarter, why One97 Communications has reshuffled its board ahead of its IPO Business Term of the Day: Income tax Read more
In this episode, find out why Amazon has announced the new IP Accelerator Program, why today’s OPEC meeting is crucial Business Term of the Day: AGR dues Read more
In this episode, find out why Amazon has announced the new IP Accelerator Program, why today’s OPEC meeting is crucial Business Term of the Day: AGR dues Read more
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