Axis Bank: SEBI levied a penalty of Rs 5 lakh on the bank for violation of debt issuance norms. The matter related to issue of debt securities between 2016 and 2019, where the bank acted as a merchant banker.
Canada Pension Plan and Investment Board has sold 4 crore shares of Kotak Mahindra Bank worth around ₹6,800 crore. As per bulk deal data on BSE, the pension fund sold the shares at an average of ₹1,700.10 apiece. Separately, Regents of the University of California bought 1,12,27,404 equity shares in the private sector lender at an average of ₹1,699.05 per share
Oil marketing companies (OMCs): Raised petrol and diesel prices by 80 paise a litre each on Friday, the third increase in four days. Meanwhile, India’s top fuel retailers IOC, BPCL and HPCL together lost around $2.25 billion in revenue between November and March by keeping petrol and diesel prices unchanged despite a sharp rise in global crude oil prices.
The joint bid of Reliance Industries and Assets Care & Reconstruction Enterprise (ACRE) for debt-ridden Sintex Industries has been moved before the NCLT for approval after it was unanimously cleared by the lenders of the company.
Bharti Airtel will not buy 5G network equipment from Chinese vendors and will instead use equipment from European vendors such as Nokia and Ericsson, as well as openRAN-based 5G network provider Mavenir, among others. Airtel may also look at taking 100 MHz of 5G spectrum if it is affordable, but will be open for a lower quantum of airwaves if prices are high.
Moving on to markets
The key benchmark indices are likely to start Friday’s trade with nominal gains as per trends indicated by the SGX Nifty futures, which were quoting 17,290 levels at 8 am, hinting at a opening gain of 50-odd points on the Nifty index.
Asian stocks were largely steady on Friday, tracking the strong overnight finish in US indices. Oil retreated as European Union leaders refrained from fresh steps to cut imports of Russian crude
Markets will closely monitor EU summit’s last day meetings for any cues on likely bans on Russia’s energy imports.
Business Term of the day
Gross Merchandise Value (GMV) is a metric that measures your total value of sales over a certain period of time. It’s a metric that is most commonly used in the eCommerce industry and is also sometimes referred to as Gross Merchandise Volume. GMV can be used to determine the overall health of an eCommerce business, and a good indicator of growth. This is because it measures the volume and value of merchandise sold or the number of transactions handled.
In this episode, find out why there are differences within Hamied family over Cipla sale plan, also find out why Religare Enterprises' has called for an independent valuation. Bus ... Read more
In this episode, find out why there are differences within Hamied family over Cipla sale plan, also find out why Religare Enterprises' has called for an independent valuation. Business Term of the Day: Inter-bank call money market Read more
In this episode, find out about tax authorities imposing penalty of Rs 1.8 cr on Hindustan Zinc, also find out about Glenmark announcing interim dividend of Rs 22.50 share Busines ... Read more
In this episode, find out about tax authorities imposing penalty of Rs 1.8 cr on Hindustan Zinc, also find out about Glenmark announcing interim dividend of Rs 22.50 share Business Term of the Day: Guarantee Read more
In this episode, find out about TCS' share buyback proposal, also find out about MCX receiving SEBI approval for commodity derivatives platform. Business Term of the Day: Open mar ... Read more
In this episode, find out about TCS' share buyback proposal, also find out about MCX receiving SEBI approval for commodity derivatives platform. Business Term of the Day: Open market operations Read more
In this episode, find out about show cause notice to Maruti Suzuki, also find out about Government's decision to raise cooking gas subsidy. Business Term of the Day: Small Finance ... Read more
In this episode, find out about show cause notice to Maruti Suzuki, also find out about Government's decision to raise cooking gas subsidy. Business Term of the Day: Small Finance Bank Read more
In this episode, find out about IDFC First Bank's QIP, also find out about GST demand notice to Bajaj Allianz for Rs 1010 cr Business Term of the Day: Sunk cost Read more
In this episode, find out about IDFC First Bank's QIP, also find out about GST demand notice to Bajaj Allianz for Rs 1010 cr Business Term of the Day: Sunk cost Read more
In this episode, find out about Dilip Sanghvi terminating pact with Suzlon Energy, also find out about Shree Renuka's acquisition plans. Business Term of the Day: Co-lending Read more
In this episode, find out about Dilip Sanghvi terminating pact with Suzlon Energy, also find out about Shree Renuka's acquisition plans. Business Term of the Day: Co-lending Read more
In this episode, find out about Sheela Foam's IPO, also find out about Mangalore Chemicals shutting down its Ammonia & Urea plants for maintenance. Business Term of the Day: P ... Read more
In this episode, find out about Sheela Foam's IPO, also find out about Mangalore Chemicals shutting down its Ammonia & Urea plants for maintenance. Business Term of the Day: Public bond issuance Read more
In this episode, find out about Reliance Retail getting full subscription amount of Rs 2069 crore from KKR, also find out about Adani's plans to refinance $3.5 bn in debt. Business ... Read more
In this episode, find out about Reliance Retail getting full subscription amount of Rs 2069 crore from KKR, also find out about Adani's plans to refinance $3.5 bn in debt. Business Term of the Day: Private credit fund Read more
In this episode, find out about key management changes at Wipro & ICICI Lombard General Insurance, also find out about IndiGo's code-sharing partnership with British Airways. B ... Read more
In this episode, find out about key management changes at Wipro & ICICI Lombard General Insurance, also find out about IndiGo's code-sharing partnership with British Airways. Business Term of the Day: Global bond indices Read more
In this episode, find out about Infosys' tie up with NVIDIA, also find out about M&M market capitalization crossing Rs 2 trillion mark. Business Term of the Day: AAA rating Read more
In this episode, find out about Infosys' tie up with NVIDIA, also find out about M&M market capitalization crossing Rs 2 trillion mark. Business Term of the Day: AAA rating Read more
