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 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 RBI to release minutes of the monetary policy committee meeting. India could emerge as an energy superpower with clean energy exports set to soar to $500 billion over the next 20 years, Reliance Industries Ltd (RIL) chairman Mukesh Ambani said on Wednesday. I foresee at least 20-30 new Indian companies in the energy and tech space which will grow as big as Reliance, if not bigger, in the next 10-20 years,” Tata Consultancy Services: Has made changes to its leadership roles in North America. As part of the changes, Suresh Muthuswami has been elevated to the role of chairman, North America. This is one of the most significant leadership changes the company has announced for the region. Vodafone Idea: Parent Vodafone Plc is in talks to sell up to a 5% stake in tower firm Indus Towers to Bharti Airtel, and use the proceeds to plough into Vodafone Idea Ltd, as the self-mandated March deadline for the loss-making Indian telco to raise funds from external investors draws near. Shell Plc and Adani Group are likely to be front-runners to acquire Actis Llp’s Indian renewable energy platform Sprng Energy for around $1 billion in equity. The binding bids for Sprng Energy are to be placed by 15 March, in what would be one of the largest deals in India’s green energy sector. Seventeen firms had submitted non-binding bids in the first stage of the sale process, which Bank of America is managing. Spandana Sphoorty: The microfinance lender said it would like to complete its proposed ₹300-crore fundraising by March and that its promoter Kedaara Capital and a significant long-term shareholder Valiant would subscribe to the shares in the preferential allotment at ₹459 per share, which is at a 20.5% premium to its Wednesday’s closing price. Indian Hotels Company: Parent Tata Sons plans to dilute its stake by up to 8% in the hotel major, as the hospitality giant is looking to raise around ₹2,000 crore via qualified institutional placement (QIP) in the next two weeks. Tata Sons holds a 41% stake in IHCL, the operator of the Taj group of hotels. IHCL will use the proceeds to reduce its consolidated debt worth ₹1,905 crore. Moving on to markets The key benchmark indices are expected to start Thursday’s session with deep cuts after a global sell-off in the US overnight. SGX Nifty futures were quoting 16,840 levels, indicating a gap-down of around 280 points. Oil prices, however, steadied on Wednesday amid reports that the US is unlikely to impose sanctions on Russian oil supply. Brent closed unchanged at $96.84 a barrel, while WTI crude inched higher to $92.10 a barrel. Major markets in Asia were down considerably this morning. Hong Kong’s Hang Seng and Malaysia’s Kospi plunged 1.7 per cent each. Japan’s Nikkei, Straits Times and Taiwan were down around 1.2 per cent each. Business Term of the dayMonetary policy committee – he Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least 4 times a year (specifically, at least once a QUARTER) and it publishes its decisions after each such meeting. The committee comprises six members – three officials of the Reserve Bank of India and three external members nominated by the Government of India. The Governor of Reserve Bank of India is the chairperson ex officio of the committee. Decisions are taken by majority with the Governor having the casting vote in case of a tie. The current mandate of the committee is to maintain inflation in the range of 2 to 6%
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
In this episode, find out why Ford is shutting down its India operations, also find out why RBI Governor has major concerns about cryptocurrency Business Term of the Day: Income ... Read more
In this episode, find out why Ford is shutting down its India operations, also find out why RBI Governor has major concerns about cryptocurrency Business Term of the Day: Income tax return filing Read more
In this episode, find out why Net inflows into equity mutual funds fell in August, also find out why government has hiked MSP for rabi crops Business Term of the Day: Global bond Read more
In this episode, find out why Net inflows into equity mutual funds fell in August, also find out why government has hiked MSP for rabi crops Business Term of the Day: Global bond Read more
In this episode, find out why Yes bank is looking to get a new owner for Dish TV, also find out why Cairn is ready to drop cases against India Business Term of the Day: Rights iss ... Read more
In this episode, find out why Yes bank is looking to get a new owner for Dish TV, also find out why Cairn is ready to drop cases against India Business Term of the Day: Rights issue Read more
In this episode, find out why Balaji Telefilms’ shareholders reject Ekta, Shobha Kapoor remuneration deal, also find out BPCL is setting up a new platform for subsidized LPG scheme ... Read more
In this episode, find out why Balaji Telefilms’ shareholders reject Ekta, Shobha Kapoor remuneration deal, also find out BPCL is setting up a new platform for subsidized LPG scheme Business Term of the Day: Merchant Bank Read more
In this episode, find out why Carlyle is looking to raise $1 bn, also find out how Government is looking to align IndAS with IFRS Business Term of the Day: Accounting Standard Read more
In this episode, find out why Carlyle is looking to raise $1 bn, also find out how Government is looking to align IndAS with IFRS Business Term of the Day: Accounting Standard Read more
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