In this episode, find out about PNB’s decision to subscribe to rights issue of PNB Housing, also find out about Reliance Industries and BP’s plan to draw up a compensation plan for dealers
Business Term of the Day: Nominal GDP Reliance Industries Ltd (RIL) and BP Plc, which operate more than 1,400 fuel retail outlets under the Jio-BP brand name, are drawing up a compensation plan for dealers to stave off closure, as per a news report. In March, RIL nearly halved fuel supply to its dealers due to losses of ₹10-12 per litre daily on the sale of diesel. It has not resumed fuel supplies fully. The engineering & infrastructure behemoth reported 10% year-on-year rise in profit to ₹3,621 crore for the March quarter, with revenue also up 10% at ₹52,851 crore. EBITDA increased 2.1% to ₹6,520.5 crore and order inflows grew 46 percent on year to ₹73,941 crore in during the quarter. Has said inflation and a chip shortage are the biggest challenges facing Tata Motors. The company will nevertheless meet its profit and cashflow targets for the year. Capex is likely to increase to up to ₹6,000 crore this fiscal. Tata Motors saw its consolidated net loss narrow to ₹992.05 crore in March quarter from ₹7,585.34 crore a year ago. Revenue from operations fell to ₹78,439.06 crore from ₹88,627.90 crore in the year-ago period. Punjab National Bank has said it would subscribe to the rights issue of its associate mortgage lender PNB Housing Finance, which has renewed its capital raising plan by selling equity shares to existing shareholders. Zomato: Online food-delivery and restaurant booking company Zomato’s 10-minute delivery plan is being re-evaluated as the platform hasn’t been able to meet the time target for all orders during its pilot in Gurgaon, as per a media report. Adani Green Energy: Has approved allotment of two crore equity shares for ₹3,850 crore to Green Energy Investment Holding RSC Ltd. Adani Green will issue 2,00,18,198 equity shares of face value ₹10 each at the rate of ₹1,923.25 per share for ₹38,49,99,99,303.50 to Green Energy Investment Holding. (REMOVE) The Mumbai bench of NCLT has granted more time to Future Retail Ltd. (FRL) to file its response to a Bank of India petition seeking to initiate insolvency resolution proceedings against the company for defaulting on loans. Petronet LNG: Has begun talks with Qatar to renew a multi-year gas deal despite market “turbulence”, making new long-term contracts difficult as sanctions on Russian fuel have squeezed an already tightly supplied market. India’s top gas importer has till end-2023 to renew its long-term liquefied natural gas (LNG) deal with Qatar Gas to beyond 2028. Moving on to markets Stocks and U.S. equity futures rose Friday amid a bout of calm in global markets after Federal Reserve Chair Jerome Powell again pushed back against speculation of more aggressive interest-rate hikes. After cracking over 2 per cent each the previous day, the Sensex and Nifty are likely to open higher on Friday tracking gains in US equity futures and firm Asian markets. At 8:10 am, the SGX Nifty futures were quoting at 15,980 levels, indicating a likely gap-up opening of over 150 points on the Nifty. On Thursday, domestic retail inflation for April came at a 8-year high of 7.8 per cent, paving the way for more policy rate hikes by the central bank even as factory output growth remained lacklustre at 1.9 per cent in March. Business Term of the day Nominal GDP is an assessment of economic production in an economy but includes the current prices of goods and services in its calculation. GDP is typically measured as the monetary value of goods and services produced.
In this episode, find out about why BPCL is looking at divestment by March 2022, also find out why RIL is in talks to buy Glance InMobi. Business Term of the Day: Non-convertible ... Read more
In this episode, find out about why BPCL is looking at divestment by March 2022, also find out why RIL is in talks to buy Glance InMobi. Business Term of the Day: Non-convertible debentures Read more
In this episode, find out about why Google has taken CCI to court, also find out why Accenture reported better than expected Q1 nos Business Term of the Day: Delisting Read more
In this episode, find out about why Google has taken CCI to court, also find out why Accenture reported better than expected Q1 nos Business Term of the Day: Delisting Read more
In this episode, find out about why IDFC shareholders rejected Vinod Rai’s reappointment, also find out why Yes bank has urged Dish TV board to hold EGM Business Term of the Day: ... Read more
In this episode, find out about why IDFC shareholders rejected Vinod Rai’s reappointment, also find out why Yes bank has urged Dish TV board to hold EGM Business Term of the Day: Deposit Insurance and Credit Guarantee Corporation Read more
In this episode, find out about why Adani Group is looking to invest $20 bn in green energy projects, also find out why global markets had a choppy trading session Business Term o ... Read more
In this episode, find out about why Adani Group is looking to invest $20 bn in green energy projects, also find out why global markets had a choppy trading session Business Term of the Day: Sustainability bonds Read more
In this episode, find out about why investors will watch out for the FOMC meeting this week, also find out why Dish TV to defer AGM to seek clearance for board changes Business Te ... Read more
In this episode, find out about why investors will watch out for the FOMC meeting this week, also find out why Dish TV to defer AGM to seek clearance for board changes Business Term of the Day: annual general meeting Read more
In this episode, find out about why World Bank has discontinued its Doing Business Report, also find out why Poonawalla Fincorp’s CEO stepped down. Business Term of the Day: NARCL Read more
In this episode, find out about why World Bank has discontinued its Doing Business Report, also find out why Poonawalla Fincorp’s CEO stepped down. Business Term of the Day: NARCL Read more
In this episode, find out who are the bidders for the distressed Air India, also find out why India plans to sell upto 10% in Hindustan Copper. Business Term of the Day: Greenshoe ... Read more
In this episode, find out who are the bidders for the distressed Air India, also find out why India plans to sell upto 10% in Hindustan Copper. Business Term of the Day: Greenshoe option Read more
In this episode, find out why Zomato co-founder stepped down, also find out why Cabinet may consider telecom relief package Business Term of the Day: price to earnings ratio Read more
In this episode, find out why Zomato co-founder stepped down, also find out why Cabinet may consider telecom relief package Business Term of the Day: price to earnings ratio Read more
In this episode, find out why Yes bank is gearing up for Dish TV’s AGM, also find out how Jet Airways look set to start operations in Q12022 Business Term of the Day: valuation Read more
In this episode, find out why Yes bank is gearing up for Dish TV’s AGM, also find out how Jet Airways look set to start operations in Q12022 Business Term of the Day: valuation Read more
In this episode, find out why Wipro senior management is set to return to office this week, also find out why DMRC has to pay Rs 2950 crore to Reliance Infra. Business Term of the ... Read more
In this episode, find out why Wipro senior management is set to return to office this week, also find out why DMRC has to pay Rs 2950 crore to Reliance Infra. Business Term of the Day: Loan to value ratio Read more
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