In this episode, find out about Infosys’ deal to acquire Germany-based Oddity, also find out about Indiabulls Housing Finance debt raising plans
Business Term of the Day: Loan against Securities Infosys: Has signed a definitive agreement to acquire oddity, a Germany-based digital marketing, experience, and commerce agency, for €50 million (approx. ₹419 crore). The strategic acquisition is expected to strengthen Infosys’s digital experience capabilities in Germany, across Europe, and Northeast Asia. TCS: The buyback issue of IT major Tata Consultancy Services (TCS) will close on 23 March. The company planned to buy back up to 4 crore equity shares from eligible shareholders. Adani Ports & SEZ: The largest integrated transport utility in India and a part of the diversified Adani Group crossed 300 million metric tons in cargo handling at its ports as of March 20, a first in its 22-year history. The company is confident of achieving the goal of handing 500 million metric tons by 2025 and emerging as the world’s largest private ports company by 2030. Vodafone Idea: The telco and its promoters have called upon the government to speed up the process of conversion of interest on deferred adjusted gross revenue (AGR) dues into government equity, saying it is critical to the cash-strapped telco’s efforts to raise funds from external investors. Vodafone Idea had declared March end as the deadline for raising fresh funds. Indiabulls Housing Finance: A board-appointed committee has approved the company’s proposal to raise capital up to ₹50,000 crore through bonds. Indian Hotels Company: The Tata Group-backed company is set to launch a qualified institutional placement of ₹2,000 crore as the hotel chain braces for business expansion shrugging off the effects of the Covid-19 pandemic. Credit Suisse and ICICI Securities are helping it with the fund raise. Jubilant Food Works: Will acquire the remaining 10% share in its joint venture Jubilant Golden Harvest from Golden Harvest. Brigade Enterprises: The real estate company has entered into the plotted development space with a 66-acre residential project in Brigade Enterprises, Bengaluru. The project is a strategic joint development that will offer plot sizes ranging from 1,200 square feet to 2,400 square feet. Moving on to markets Stock market live updates: The key benchmark indices are likely to open with modest gains, as per trends indicated by the SGX Nifty futures, which were quoting 17, 446 levels at 7:30 am. This hints at an opening gain of 80-odd points on the Nifty50. Stocks in Asia rose on Wednesday after U.S. Federal Reserve Chair Jerome Powell reiterated commitment to tackle inflation. Business Term of the day In order to meet your short-term financial needs, Loan against Securities offers a good choice as you do not have to sell your stocks in haste. Moreover, the interest rate at which you get loan against securities is lesser as compared to a personal loan. Loan against securities is available in the form of an overdraft facility. It helps you get loan against the securities that you have, for the time being, merely pledged without selling them off in haste. The value of the overdraft limit that is advanced to you is determined on the basis of the securities like equity shares, mutual funds, bonds & insurance that is pledged by you.
In this episode, find out why institutional investors voted against ACC, Ambuja resolutions, also about the fraud at Can Fin Homes.
Business Term of the Day: Green finance Read more
In this episode, find out why institutional investors voted against ACC, Ambuja resolutions, also about the fraud at Can Fin Homes.
Business Term of the Day: Green finance Read more
Description – In this episode, find out about ITC's de-merger plans also about Samvardhana Motherson's new global acquisition.
Business Term of the Day: ChatGPT Read more
Description – In this episode, find out about ITC's de-merger plans also about Samvardhana Motherson's new global acquisition.
Business Term of the Day: ChatGPT Read more
In this episode, find out why Reliance Industries reported decline in Q1 profit, also about HDFC Bank's growth target for this fiscal year.
Business Term of the Day: Non-banking fi ... Read more
In this episode, find out why Reliance Industries reported decline in Q1 profit, also about HDFC Bank's growth target for this fiscal year.
Business Term of the Day: Non-banking finance company Read more
In this episode, find out why Arbitrator has rejected Max healthcare's claim on Care Hospital, also about L&T's first share buyback plan.
Business Term of the Day: Share buybac ... Read more
In this episode, find out why Arbitrator has rejected Max healthcare's claim on Care Hospital, also about L&T's first share buyback plan.
Business Term of the Day: Share buyback Read more
In this episode, find out about BL Kashyap's contract from DLF, also about Piramal Pharma's capital raising plan.
Business Term of the Day: Trust company Read more
In this episode, find out about BL Kashyap's contract from DLF, also about Piramal Pharma's capital raising plan.
Business Term of the Day: Trust company Read more
In this episode, find out about NSE's pre-open session for Reliance, also about Sheela Foam's acquisitions.
Business Term of the Day: Pre-open market session Read more
In this episode, find out about NSE's pre-open session for Reliance, also about Sheela Foam's acquisitions.
Business Term of the Day: Pre-open market session Read more
In this episode, find out about Suzlon's new order from Everrenew Energy, also why Indian markets are expected to open flat in today's trade.
Business Term of the Day: Long positio ... Read more
In this episode, find out about Suzlon's new order from Everrenew Energy, also why Indian markets are expected to open flat in today's trade.
Business Term of the Day: Long position Read more
In this episode, find out about HCL Tech's acquisition of a German firm, also why Delta Corp shares plunged 27% in trade.
Business Term of the Day: Bootstrapping Read more
In this episode, find out about HCL Tech's acquisition of a German firm, also why Delta Corp shares plunged 27% in trade.
Business Term of the Day: Bootstrapping Read more
In this episode, find out about Patanjali's offer for sale, also about what to expect from Wipro's Q1 results.
Business Term of the Day: Structured finance Read more
In this episode, find out about Patanjali's offer for sale, also about what to expect from Wipro's Q1 results.
Business Term of the Day: Structured finance Read more
In this episode, find out about 28% GST on online gaming, casinos, also about Happiest Minds Technologies' Rs 400 crore QIP
Business Term of the Day: Pledging of shares. Read more
In this episode, find out about 28% GST on online gaming, casinos, also about Happiest Minds Technologies' Rs 400 crore QIP
Business Term of the Day: Pledging of shares. Read more
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