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 the major automobile manufacturers reported a decline in May sales, why PMI data fell to 10 month low Business Term of the Day: Reflation Read more
In this episode, find out why the major automobile manufacturers reported a decline in May sales, why PMI data fell to 10 month low Business Term of the Day: Reflation Read more
In this episode, find out why the Supreme Court has asked the centre to revise its vaccine policy, why Aditya Puri is interested in PNB housing Finance Business Term of the Day: ... Read more
In this episode, find out why the Supreme Court has asked the centre to revise its vaccine policy, why Aditya Puri is interested in PNB housing Finance Business Term of the Day: Revenue deficit Read more
In this episode, find out why the government has extended the ECLGS to airlines & hospitals, why Oil edged higher on Asia trading Business Term of the Day: Gross Domestic Pro ... Read more
In this episode, find out why the government has extended the ECLGS to airlines & hospitals, why Oil edged higher on Asia trading Business Term of the Day: Gross Domestic Product Read more
In this episode, find out why Sun Pharma & Eicher Motors Q4 earning disappointed, why US markets rallied on Thursday Business Term of the Day: Valuation Read more
In this episode, find out why Sun Pharma & Eicher Motors Q4 earning disappointed, why US markets rallied on Thursday Business Term of the Day: Valuation Read more
In this episode, find out why Uday Kotak believes that government should provide fiscal stimulus, why Amazon is looking to MGM for $8.5 bn Business Term of the Day: Follow on Pub ... Read more
In this episode, find out why Uday Kotak believes that government should provide fiscal stimulus, why Amazon is looking to MGM for $8.5 bn Business Term of the Day: Follow on Public offer Read more
In this episode, find out why HDFC is looking to raise bonds worth Rs 7000 crore, why Wall street rally was stalled overnight Business Term of the Day: Fiscal deficit Read more
In this episode, find out why HDFC is looking to raise bonds worth Rs 7000 crore, why Wall street rally was stalled overnight Business Term of the Day: Fiscal deficit Read more
In this episode, find out why DOT may soon allow mobile phone users to switch connections, why Bitcoins rebounded after sharply dropping Business Term of the Day: Capital Markets Read more
In this episode, find out why DOT may soon allow mobile phone users to switch connections, why Bitcoins rebounded after sharply dropping Business Term of the Day: Capital Markets Read more
In this episode, find out why Bharat Biotech is looking to apply for an emergency use listing tag for its covid vaccine, why Bitcoins had a volatile weekend Business Term of the D ... Read more
In this episode, find out why Bharat Biotech is looking to apply for an emergency use listing tag for its covid vaccine, why Bitcoins had a volatile weekend Business Term of the Day: Revenue Read more
In this episode, find out why HPCL’s profit jumped in Q4, why RBI has imposed penalty on City Union bank Business Term of the Day: Brent Crude Read more
In this episode, find out why HPCL’s profit jumped in Q4, why RBI has imposed penalty on City Union bank Business Term of the Day: Brent Crude Read more
In this episode, find out why PSU banks are seeking second round of restructuring, why it’s good news for tourists travelling to European Union Business Term of the Day: Bitcoin Read more
In this episode, find out why PSU banks are seeking second round of restructuring, why it’s good news for tourists travelling to European Union Business Term of the Day: Bitcoin Read more
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