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 why Bajaj Finance is confident of riding the second wave; why all eyes are on Fed Reserve policy decision today Business Term of the Day: Monetary Polic ... Read more
In this episode, find out why Bajaj Finance is confident of riding the second wave; why all eyes are on Fed Reserve policy decision today Business Term of the Day: Monetary Policy Read more
In this episode, find out why Tata Motors is readying a Business Agility plan; why it’s a mixed start to corporate earnings
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In this episode, find out why Tata Motors is readying a Business Agility plan; why it’s a mixed start to corporate earnings
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In this episode, find out why HCL tech is moving its workload from India; why the Asian markets have opened higher Business Term of the Day: Dividend Read more
In this episode, find out why HCL tech is moving its workload from India; why the Asian markets have opened higher Business Term of the Day: Dividend Read more
In this episode, find out why RBI thinks the second wave is the biggest challenge to economic recovery; why global market are worried on news of Biden’s tax plan. Business Term of ... Read more
In this episode, find out why RBI thinks the second wave is the biggest challenge to economic recovery; why global market are worried on news of Biden’s tax plan. Business Term of the Day: economic growth Read more
In this episode, find out why Serum Institute is looking to hike the price of Covaxin; why investors are watching for the policy announcement by European Central bank later today? ... Read more
In this episode, find out why Serum Institute is looking to hike the price of Covaxin; why investors are watching for the policy announcement by European Central bank later today? and more to start your business day. Business Term of the Day: Qualified Institutional Placement (QIP) Read more
In this episode, find out why Nestle’s Q4 numbers is good news for the consumer industry; Maharashtra is yet again planning a lockdown. Are we ready this time? and more to start yo ... Read more
In this episode, find out why Nestle’s Q4 numbers is good news for the consumer industry; Maharashtra is yet again planning a lockdown. Are we ready this time? and more to start your business day. Business Term of the Day: Earnings per share Read more
In this episode, find out why Prime Minster has called for an emergency meeting with vaccine manufacturers; why Asian markets slipped in early trade? and more to start your busines ... Read more
In this episode, find out why Prime Minster has called for an emergency meeting with vaccine manufacturers; why Asian markets slipped in early trade? and more to start your business day. Business Term of the Day: Nasdaq Read more
In this episode, find out why HDFC Bank reported good numbers; why Bitcoin tumbled over the weekend? and more to start your business day. Business Term of the Day: API (Active P ... Read more
In this episode, find out why HDFC Bank reported good numbers; why Bitcoin tumbled over the weekend? and more to start your business day. Business Term of the Day: API (Active Pharmaceutical Ingredient) Read more
In this episode, find out why Wipro reported good numbers; why the US market touched record high after strong economic data? and more to start your business day. Business Term of ... Read more
In this episode, find out why Wipro reported good numbers; why the US market touched record high after strong economic data? and more to start your business day. Business Term of the Day: Cryptocurrency Read more
In this episode, find out why Wipro is set to announce a flat Q4 nos; why the US market slipped even as big banks reported stellar results? and more to start your business day. B ... Read more
In this episode, find out why Wipro is set to announce a flat Q4 nos; why the US market slipped even as big banks reported stellar results? and more to start your business day. Business Term of the Day: Asset management company Read more
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