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 about BPCL’s new ethylene project at Bina refinery, also find out why Fame 2 subsidy on EVs could be slashed Business Term of the Day: Structured credit Read more
In this episode, find out about BPCL’s new ethylene project at Bina refinery, also find out why Fame 2 subsidy on EVs could be slashed Business Term of the Day: Structured credit Read more
In this episode, find out why SEBI has sought a 6 month extension to complete probe no Adani Group, also find out about the new Vedanta CFO. Business Term of the Day: Alternative ... Read more
In this episode, find out why SEBI has sought a 6 month extension to complete probe no Adani Group, also find out about the new Vedanta CFO. Business Term of the Day: Alternative Investment Fund. Read more
In this episode, find out about Godrej promoters’ new family office, also find out why markets are up in trade today. Business Term of the Day: Family office. Read more
In this episode, find out about Godrej promoters’ new family office, also find out why markets are up in trade today. Business Term of the Day: Family office. Read more
In this episode, find out how Vedanta is looking to become a net zero debt company, also find out about India’s manufacturing PMI hitting 4 months high in April Business Term of t ... Read more
In this episode, find out how Vedanta is looking to become a net zero debt company, also find out about India’s manufacturing PMI hitting 4 months high in April Business Term of the Day: CCIL Read more
In this episode, find out about revision in LPF cylinder prices, also find out why SEBI’s investigation into Hindenburg’s allegations is delayed. Business Term of the Day: SaaS Read more
In this episode, find out about revision in LPF cylinder prices, also find out why SEBI’s investigation into Hindenburg’s allegations is delayed. Business Term of the Day: SaaS Read more
In this episode, find out about Abbott India’s recall of thyroid drug, also find out about Hinduja’s winning bid for Reliance Capital Business Term of the Day: Capital gains Read more
In this episode, find out about Abbott India’s recall of thyroid drug, also find out about Hinduja’s winning bid for Reliance Capital Business Term of the Day: Capital gains Read more
In this episode, find out about Serum arm’s plan to double investment in the Biocon unit, also find out about IndiGo’s plan to buy 20 wide-body planes for international operations. Read more
In this episode, find out about Serum arm’s plan to double investment in the Biocon unit, also find out about IndiGo’s plan to buy 20 wide-body planes for international operations. Read more
In this episode, find out about Vedanta’s repayment of all maturing loans and bonds due in April, also find out about Future Retail’s resolution applicants Business Term of the Da ... Read more
In this episode, find out about Vedanta’s repayment of all maturing loans and bonds due in April, also find out about Future Retail’s resolution applicants Business Term of the Day: Volatility Read more
In this episode, find out about Anil Agarwal pledged stake in Hindustan Zinc, also find out about Cholamandalam Investment and Finance co announces maiden debt issue of Rs 5000 cr ... Read more
In this episode, find out about Anil Agarwal pledged stake in Hindustan Zinc, also find out about Cholamandalam Investment and Finance co announces maiden debt issue of Rs 5000 cr. Read more
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