NTPC Ltd: The state-run company is moving at breakneck speed to increase coal supplies to fuel its thermal plants and ensure the units operate at more than 75% of capacity to avert another power crisis in India. The electricity giant not only aims to import 20 million tonnes of coal, at an eight-year high, over the next few months but is also targeting 85% growth in its captive coal production this year to 26 milli
Coal India: The state-run company will open this year what is expected to become one of the country’s biggest coal mines, as India struggles to keep pace with surging power demand, Reuters reported. Output from the new Siarmal mine in eastern Odisha state would rise gradually, reaching capacity of 50 million tonnes in about five to seven years.
FMCG companies: The government on Tuesday exempted customs duty and agriculture infrastructure development cess on 2 million tonnes yearly import of crude soybean and sunflower oil. The relief on edible oil comes into force on Wednesday and will be effective until March 2024.
Sugar stocks: The government imposed restrictions on sugar exports from June 1, a move aimed at increasing availability of the commodity in the domestic market and curbing price rise. “) said.
Eveready Industries: Entities controlled by the Burman family of Dabur have received the approval from the Sebi to launch an open offer for dry cell battery maker Eveready Industries India Ltd. The open offer for an additional 26% stake in Eveready will open on June 3 and close on June 16 at ₹320 a share.
Indian Hotels Company: The Tata group hospitality firm on Tuesday said its board has approved the re-appointment of Puneet Chhatwal as managing director and CEO for another term of five years. Chhatwal’s reappointment is for another term commencing from November 6, 2022 up to November 5, 2027 subject to shareholders’ approval.
Moving on to markets
Indian benchmark indices are likely to open with marginal gains on Wednesday as volatility persists globally. Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed
Sensex and Nifty are likely to open with minor gains tracking SGX Nifty. Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight.
Oil prices rose in early trade on Wednesday, boosted by tight supplies and the prospect of rising demand from the upcoming start of the U.S. summer driving season. Brent crude futures for July rose 46 cents, or 0.4%, to $114.02 a barrel
Business term of the day
Accommodative monetary policy – Accommodative monetary policy is when central banks expand the money supply to boost the economy. Monetary policies that are considered accommodative include lowering the repo rate. These measures are meant to make money less expensive to borrow and encourage more spending.
In this episode, find out about Hinduja Group’s plan to invest Rs 10,000 crore in Indusind Bank, also about Asian Paints’ acquisition of stake in White Teak Business Term of the ... Read more
In this episode, find out about Hinduja Group’s plan to invest Rs 10,000 crore in Indusind Bank, also about Asian Paints’ acquisition of stake in White Teak Business Term of the Day: Financial influencer Read more
In this episode, find out about SEBI's ban on Eros International & its promoters, also about RBI asking the PTC India Financial Services’ CEO to step down Business Term of th ... Read more
In this episode, find out about SEBI's ban on Eros International & its promoters, also about RBI asking the PTC India Financial Services’ CEO to step down Business Term of the Day: EdTech Read more
In this episode, find out about Carlyle offloading a 2.5% stake in Delhivery via a block deal, and also about TCS’s $1.1 bn deal from UK’ Nest. Business Term of the Day: Insurance ... Read more
In this episode, find out about Carlyle offloading a 2.5% stake in Delhivery via a block deal, and also about TCS’s $1.1 bn deal from UK’ Nest. Business Term of the Day: Insurance Broker Read more
In this episode, find out about Baring PE, ChrysCapital’s acquisition of HDFC Credila for ₹9,060 crore,, also about SEBI’s ban on IIFL Securities Business Term of the Day: First ... Read more
In this episode, find out about Baring PE, ChrysCapital’s acquisition of HDFC Credila for ₹9,060 crore,, also about SEBI’s ban on IIFL Securities Business Term of the Day: First Loan Default Guarantee Read more
In this episode, find out about Asia’s largest train wheel manufacturing plant in India, also about Adani Enterprises’ foray into train ticketing Business Term of the Day: Burn R ... Read more
In this episode, find out about Asia’s largest train wheel manufacturing plant in India, also about Adani Enterprises’ foray into train ticketing Business Term of the Day: Burn Rate Read more
In this episode, find out about Maruti Suzuki’s new multi-purpose vehicle, also about TRAI’s new directive to telecoms to deploy AI/ML to detect spam calls Business Term of the D ... Read more
In this episode, find out about Maruti Suzuki’s new multi-purpose vehicle, also about TRAI’s new directive to telecoms to deploy AI/ML to detect spam calls Business Term of the Day: Securities Appellate Tribunal (SAT) Read more
We dive into the significant developments shaping the Indian economy. We discuss the recent drop in retail inflation, which hit a 25-month low in May. With easing food prices as th ... Read more
We dive into the significant developments shaping the Indian economy. We discuss the recent drop in retail inflation, which hit a 25-month low in May. With easing food prices as the main driver, this development offers relief to the Reserve Bank of India (RBI) and raises the possibility of the central bank maintaining interest rates in the upcoming meeting. Business Term of the Day: Warrants Read more
In this episode, find out about fundraising of TV Motors’ finance arm from Premji Invest, also about Sequoia Capital’s stake sale in Go Fashion Business Term of the Day: Takeout ... Read more
In this episode, find out about fundraising of TV Motors’ finance arm from Premji Invest, also about Sequoia Capital’s stake sale in Go Fashion Business Term of the Day: Takeout financing Read more
In this episode, find out about HDFC bank’s new home loan business head, also why Delhivery moved NCLT against Go First. Business Term of the Day: Call money rate Read more
In this episode, find out about HDFC bank’s new home loan business head, also why Delhivery moved NCLT against Go First. Business Term of the Day: Call money rate Read more
In this episode, find out about LIC raising stake in Tech Mahindra to 8.88%, also about Hero MotoCorp’s plan to expand its electric range Business Term of the Day: Tender offer Read more
In this episode, find out about LIC raising stake in Tech Mahindra to 8.88%, also about Hero MotoCorp’s plan to expand its electric range Business Term of the Day: Tender offer Read more