In this episode, find out who is the latest contender to buy out IDFC Asset Management Company, also find out about Maruti Suzuki’s plans to enter the electric car segment Business Term of the Day: Economic Sanctions U.S. has imposed stiffer penalties on Russia banks after it launched a wide ranging attack on Ukraine. Prime Minister Narendra Modi and other top government officials met on Thursday to take stock of the implications of the crisis on India. Modi also spoke to Russian president Vladimir Putin and appealed for immediate cessation of violence. Apollo Hospitals will replace Indian Oil in the benchmark Nifty 50 from March 31, 2022, as part of the semi-annual index review. The changes will also be applicable to Nifty 50 Equal Weight Index. Hinduja family-led IndusInd Bank Ltd has emerged as one of the top contenders to buy out IDFC Asset Management Co. Ltd, which manages assets worth around ₹1.3 trillion. The mutual funds business of IDFC Ltd is among India’s top 10 asset management companies. Maruti Suzuki: India’s largest passenger carmaker is developing a platform to enter the electric cars segment by 2025, Kenichi Ayukawa, its managing director and chief executive, has said. Maruti will develop majority of the features, but will share expertise with Toyota Corp., to build the platform. HUL: The consumer goods company on Thursday announced splitting up of positions of its chairman of the board and the chief executive officer (CEO) and managing director (MD), in line with the Securities and Exchange Board of India’s (Sebi’s) guidelines for listed companies to voluntarily split the two roles. Telecom stocks: The Telecom Department has urged the Telecom Regulatory Authority of India (Trai) to expedite recommendations on spectrum, as it cited PMO’s request to the department to work towards the initial launch of 5G by 15 August, and to possibly obtain the regulator’s views before March 2022. Auto component major Bharat Forge on Thursday said it will acquire JS Autocast Foundry India. The company, along with its subsidiary, BF Industrial Solutions, has entered into a definitive agreement to acquire JS Auto). Oil and gas producers: With crude oil soaring past $100 per barrel on rising geopolitical tensions, stake-owned oil explorers ONGC and Oil India will be in focus. Given attractive valuations and a possible earnings upgrade led by higher realisations, these stocks will likely attract investors. Moving on to markets Stocks rose in Asia on Friday
Overnight on the Wall Street, the S&P 500 rallied 1.5% after erasing an early 2.6% loss, while the Nasdaq staged an even bigger comeback to end with a gain of more than 3%. The heaviest losses hit stocks in Europe, with the German DAX down 4% Oil advanced, the U.S. dollar was steady. Gold has slipped from a 17-month peak but remains above $1,900 an ounce while bitcoin hovered around $38,300. Business term of the day Economic sanctions are punitive and deterrent actions taken by one government or multilateral body against another country, entity or individual. Economic sanctions can range from travel bans and export restrictions to trade embargos and asset seizures
In this episode, find out about equity raising plans of Indian Hotels and Vodafone plc, also find out about who is biddig for Actis Llp’s Indian renewable energy platform Sprng Ene ... Read more
In this episode, find out about equity raising plans of Indian Hotels and Vodafone plc, also find out about who is biddig for Actis Llp’s Indian renewable energy platform Sprng Energy Business Term of the Day: Monetary policy committee Read more
In this episode, find out about Hero Moto Corp’s plans to set up electric charging stations along with BPCL, also find out about Crompton Greaves’ acquisition plans Read more
In this episode, find out about Hero Moto Corp’s plans to set up electric charging stations along with BPCL, also find out about Crompton Greaves’ acquisition plans Read more
In this episode, find out why IDFC Bank’s V Vaidyanathan has gifted 9 lakh shares to his staff, also find out why Bharti Airtel is looking to raise Rs 5000 crore through rupee bond ... Read more
In this episode, find out why IDFC Bank’s V Vaidyanathan has gifted 9 lakh shares to his staff, also find out why Bharti Airtel is looking to raise Rs 5000 crore through rupee bonds. Business Term of the Day: Dollar rupee swap Read more
In this episode, find out why Indigo’s Rakesh Gangwal has stepped down from the board, also find out why Amazon and Reliance are eyeing the telecast rights to IPL Read more
In this episode, find out why Indigo’s Rakesh Gangwal has stepped down from the board, also find out why Amazon and Reliance are eyeing the telecast rights to IPL Read more
In this episode, find out why Infosys is targeting a 20% jump in annual revenue in FY22, also find out why Moody’s changed outlook on Vedanta Resources to negative.
Business Term o ... Read more
In this episode, find out why Infosys is targeting a 20% jump in annual revenue in FY22, also find out why Moody’s changed outlook on Vedanta Resources to negative.
Business Term of the Day: options and futures. Read more
In this episode, find out why SEBI took a U-turn on splitting CMD roles, also find out why CLSA has upgraded HDFC
Business Term of the Day: Forensic audit Read more
In this episode, find out why SEBI took a U-turn on splitting CMD roles, also find out why CLSA has upgraded HDFC
Business Term of the Day: Forensic audit Read more
In this episode, find out why Cipla promoters are looking to sell stake through block deal, also find out why Spicejet results were postponed for a day. Business Term of the Day: ... Read more
In this episode, find out why Cipla promoters are looking to sell stake through block deal, also find out why Spicejet results were postponed for a day. Business Term of the Day: Audit Committee. Read more
In this episode, find out why lenders to Future Retail have agreed to halt the sale of assets, also find out why Eicher Motors will announce a fall in profit in Q3
Business Term of ... Read more
In this episode, find out why lenders to Future Retail have agreed to halt the sale of assets, also find out why Eicher Motors will announce a fall in profit in Q3
Business Term of the Day: Debt Restructuring Read more
In this episode, find out why RBI Governor warned Indians against private cryptocurrencies, also find out why US markets are getting ready for a rate hike soon. Business Term of t ... Read more
In this episode, find out why RBI Governor warned Indians against private cryptocurrencies, also find out why US markets are getting ready for a rate hike soon. Business Term of the Day: Variable Reverse Repo Auction Read more
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