Title – NHPC aims to securitise Rs 2000 cr revenue in FY23
Description – In this episode, find out about Reliance Brands’ plan to acquire 40% stake in Legno SPA, also find out about Hero MotoCorp’s plan to postpone its EV launch
Business Term of the Day: Mutual Fund
State-run NHPC Ltd aims to securitize ₹2,000 crore revenue in the current fiscal, said its chairman and managing director, Abhay Kumar Singh. This is part of the securitization model the company has adopted in line with the Centre’s national monetisation pipeline (NMP). India’s largest power generation firm has appointed SBI Capital Markets Ltd for this exercise.
SBI said it will endeavour to accelerate its digital agenda and forge partnerships with fintech firms and NBFCs to drive its business growth. Overall FY22 has been a much better year compared to the previous year as the pace of economic activity picked up.
Reliance Brands Ltd (RBL) and Plastic Legno SPA have entered a joint venture pact through which RBL will acquire a 40% stake in the European company’s toy manufacturing business in India.
Nestle India: Nestle India is looking to tap opportunities in new categories such as ‘healthy ageing’, ‘plant-based nutrition’ and ‘healthy snacking’ to boost growth in the country, its Chairman and Managing Director Suresh Narayanan said on Wednesday.
Carmakers: Leading carmakers Maruti Suzuki, Hyundai and Tata Motors reported robust dispatches to dealers in May on the back of strong demand for passenger vehicles across regions, even as the global semiconductor shortage continued to impact production. Mahindra & Mahindra, Kia India, Toyota Kirloskar Motor, Honda Cars and Skoda also witnessed strong demand for their models last month.
Hero MotoCorp: The two-wheeler major announced the postponement of its first electric vehicle unveil, which was earlier scheduled to take place in July, to the festive season later this year.
Moving on to markets
The Sensex and Nifty benchmarks are heading for a lower start today amid subdued global sentiment. At 8:00 am, the SGX Nifty futures were quoting at 16,440 level, hinting at an opening loss of 70 points for the Nifty. Market action will likely be stock-specific and volatility may continue given the performance of global peers. Investors will also watch out for OPEC+ meeting today, to see if any likely ease in oil prices could come if the group decides to increase production than its previous levels.
Business Term of the day
A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. Mutual funds are operated by professional money managers, who allocate the fund’s assets and attempt to produce capital gains or income for the fund’s investors. A mutual fund’s portfolio is structured and maintained to match the investment objectives stated in its prospectus.
In this episode, find out about Sembcorp Ind’s plan to sell entire stake in Sembcorp Energy, also find out about DreamFolks’ IPO plans Business Term of the Day: Multibagger Read more
In this episode, find out about Sembcorp Ind’s plan to sell entire stake in Sembcorp Energy, also find out about DreamFolks’ IPO plans Business Term of the Day: Multibagger Read more
In this episode, find out about Tamilnad Mercantile Bank’s IPO opens today, also find out about Mahindra Lifespace is targeting a 2.5 fold jump in annual sales bookings over next 3 ... Read more
In this episode, find out about Tamilnad Mercantile Bank’s IPO opens today, also find out about Mahindra Lifespace is targeting a 2.5 fold jump in annual sales bookings over next 3 years Business Term of the Day: NRE Deposit Read more
In this episode, find out about Aurobindo Pharma’s arm’s plans to invest Rs 300 cr for capacity expansion, also find out about Adani Enterprise’ entry into NSE Nifty50 index Busine ... Read more
In this episode, find out about Aurobindo Pharma’s arm’s plans to invest Rs 300 cr for capacity expansion, also find out about Adani Enterprise’ entry into NSE Nifty50 index Business Term of the Day: F&O expiry Read more
In this episode, find out about Indiabulls Housing Finance’ plan to issue NCDs and also find out about Dish TV Chair Jawahar Goel’s decision to step down Business Term of the Day: ... Read more
In this episode, find out about Indiabulls Housing Finance’ plan to issue NCDs and also find out about Dish TV Chair Jawahar Goel’s decision to step down Business Term of the Day: Forward Premium Read more
In this episode, find out about TMB’s IPO set to open on September 5 and also find out about India’s Q1 GDP to be released today Business Term of the Day: Business Cycle Read more
In this episode, find out about TMB’s IPO set to open on September 5 and also find out about India’s Q1 GDP to be released today Business Term of the Day: Business Cycle Read more
In this episode, find out about BPCL’s plan to scale up its renewable energy portfolio to 10 GW by 2040, and also find out about Mahindra Electric Mobility Limited (MEML)’s all-ne ... Read more
In this episode, find out about BPCL’s plan to scale up its renewable energy portfolio to 10 GW by 2040, and also find out about Mahindra Electric Mobility Limited (MEML)’s all-new cargo electric three-wheeler – Zor Grand. Business Term of the Day: Jackson Hole Economic Symposium Read more
In this episode, find out about NDTV’s letter to SEBI seeking clarification on regulator’s 2020 order, IP rights of GTID solutions development, also find out about Sensex down 1200 ... Read more
In this episode, find out about NDTV’s letter to SEBI seeking clarification on regulator’s 2020 order, IP rights of GTID solutions development, also find out about Sensex down 1200 pts, rupee below 80/dollar Business Term of the Day: 5G Read more
In this episode, find out about TVS Electronics’ plan to acquire business, IP rights of GTID solutions development, also find out about SEBI disposing off adjudicating proceedings ... Read more
In this episode, find out about TVS Electronics’ plan to acquire business, IP rights of GTID solutions development, also find out about SEBI disposing off adjudicating proceedings against Sobha Ltd Business Term of the Day: Net debt to EBITDA Read more
In this episode, find out about Adani Group’s plan to launch an open offer for ACC, and Ambuja Cements this week, and also find out why TCS has delayed variable compensation paymen ... Read more
In this episode, find out about Adani Group’s plan to launch an open offer for ACC, and Ambuja Cements this week, and also find out why TCS has delayed variable compensation payment to a few employees Business Term of the Day: Moonlighting Read more
In this episode, find out about how SpiceJet settled dispute with Credit Suisse, also find out about ITC’s plans to develop The Ashok Hotel Business Term of the Day: Bank guarant ... Read more
In this episode, find out about how SpiceJet settled dispute with Credit Suisse, also find out about ITC’s plans to develop The Ashok Hotel Business Term of the Day: Bank guarantee Read more
