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 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
In this episode, find out auto sales saw a turnaround in June, why US investors are closely watching the jobs report today Business Term of the Day: OPEC Read more
In this episode, find out auto sales saw a turnaround in June, why US investors are closely watching the jobs report today Business Term of the Day: OPEC Read more
In this episode, find out why covid second wave did not impact government finances, why Vodafone reported a Rs 7000 cr loss in Q4 Business Term of the Day: Current account Read more
In this episode, find out why covid second wave did not impact government finances, why Vodafone reported a Rs 7000 cr loss in Q4 Business Term of the Day: Current account Read more
In this episode, find out why HDFC picked up 8% stake in Ansal housing, why Drug majors are coming together to do joint clinical trial of covid-19 vaccine Business Term of the Day ... Read more
In this episode, find out why HDFC picked up 8% stake in Ansal housing, why Drug majors are coming together to do joint clinical trial of covid-19 vaccine Business Term of the Day: Bull market Read more
In this episode, find out why SEBI has put IPOs of Go Air and Aditya Birla AMC on hold, why NCLT Chennai has grilled IDBI Bank Business Term of the Day: Insolvency and Bankruptcy ... Read more
In this episode, find out why SEBI has put IPOs of Go Air and Aditya Birla AMC on hold, why NCLT Chennai has grilled IDBI Bank Business Term of the Day: Insolvency and Bankruptcy Code Read more
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