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 Poonawalla Fincorp’s plan to sell the housing subsidiary to the TPG subsidiary, also find out about Arham Tech to list today Business Term of the D ... Read more
In this episode, find out about Poonawalla Fincorp’s plan to sell the housing subsidiary to the TPG subsidiary, also find out about Arham Tech to list today Business Term of the Day: 5G Read more
In this episode, find out about Manappuram Finance’s succession plan, also find out about Bharti Airtel’s plan to tie-up with Meta to invest in telecom infrastructure Business Ter ... Read more
In this episode, find out about Manappuram Finance’s succession plan, also find out about Bharti Airtel’s plan to tie-up with Meta to invest in telecom infrastructure Business Term of the Day: Liquidation Read more
In this episode, find out about NTPC’s hunt for investors for its subsidiary NTPC Green Energy, also find out why Maruti Suzuki’s production will fall short of the target Business ... Read more
In this episode, find out about NTPC’s hunt for investors for its subsidiary NTPC Green Energy, also find out why Maruti Suzuki’s production will fall short of the target Business Term of the Day: Succession planning Read more
In this episode, find out about Tata Play’s IPO plans, also find out about RBI’s nod to Carylyle, Advent for 9.9% stake in Yes Bank Business Term of the Day: Additional Tier 1 bon ... Read more
In this episode, find out about Tata Play’s IPO plans, also find out about RBI’s nod to Carylyle, Advent for 9.9% stake in Yes Bank Business Term of the Day: Additional Tier 1 bonds Read more
In this episode, find out about TCS’ contract to build UK Government’s Rail Data marketplace, also find out why Indian markets have hit fresh record highs today Business Term of t ... Read more
In this episode, find out about TCS’ contract to build UK Government’s Rail Data marketplace, also find out why Indian markets have hit fresh record highs today Business Term of the Day: Liquidity Read more
In this episode, find out about SBI’s decision to raise Rs 10,000 crore via infrastructure bonds, also find out about Alibaba Group Holding’s plan to sell a 3% stake in Zomato Bus ... Read more
In this episode, find out about SBI’s decision to raise Rs 10,000 crore via infrastructure bonds, also find out about Alibaba Group Holding’s plan to sell a 3% stake in Zomato Business Term of the Day: Digital Wallets Read more
In this episode, find out about PNB’s plans to divest stake in UTI Asset Management, also find out about ZIM Labortories’ plan to get listed on NSE Business Term of the Day: Disin ... Read more
In this episode, find out about PNB’s plans to divest stake in UTI Asset Management, also find out about ZIM Labortories’ plan to get listed on NSE Business Term of the Day: Disinvestment Read more
In this episode, find out about Jet Airwarys’ employees being asked to go on leave without pay, also find out about the government’s decision to roll back export duty on iron ore l ... Read more
In this episode, find out about Jet Airwarys’ employees being asked to go on leave without pay, also find out about the government’s decision to roll back export duty on iron ore lumps Business Term of the Day: Tariff Read more
In this episode, find out about Tata Motors’ new order from Haryana Roadways, also find out why DSP Investment Managers is picking up 10% stake in Equitas Small Finance Bank Busin ... Read more
In this episode, find out about Tata Motors’ new order from Haryana Roadways, also find out why DSP Investment Managers is picking up 10% stake in Equitas Small Finance Bank Business Term of the Day: Commercial paper Read more
The Website uses cookies to ensure you get the best experience on our website. If you continue browsing you will be providing your consent to our use of these.
