The IT major is set to announce its earnings for the quarter ended March 2022 (Q4FY22) on Monday. TCS is expected to have clocked record improvement in operating margins, with some cross-currency headwinds. Analysts expect it to have witnessed a revenue growth of 11-16%, while profit is likely to have risen 8-9% year-on-year during the quarter.
The 124-year-old Godrej group is set to enter the non-bank lending business with its unit Godrej Finance Ltd. The $4.1 billion conglomerate is expected to make an official announcement on Monday. Godrej Finance has held a non-banking financial company (NBFC) licence since 1998, when it was known as Ensemble Holdings and Finance, but it has never been active in the lending space
Tata Steel: The National Company Law Tribunal has approved the resolution plan submitted by Tata Steel Mining, a wholly-owned subsidiary of Tata Steel, for the acquisition of Rohit Ferro-Tech.
Tata Motors: Hit by semiconductor shortage, sales of Jaguar Land Rover (JLR) fell 36% on year to 79,008 units in the fourth quarter of fiscal 2022. Jaguar sales for the period under review stood at 14,574 units, down 38 year-on-year, while Land Rover retail sales declined 36% to 64,434 units.
Vodafone Idea: Is in advanced talks with US private equity investor Apollo Global to raise as much as $1 billion by selling a mix of debt and equity. The discussions are at an advanced stage, with the long-awaited announcement likely later this month. Debt-laden Vodafone Idea has been seeking to raise funds from external investors for more than a year now but its mammoth government dues have been an impediment.
Bandhan Bank: Societe Generale has acquired 1.18% stake in the lender through open market transactions. These shares were bought at an average of ₹306.55 apiece. HDFC, the seller, offloading more than 4.96 crore equity shares, or 3.08% of total paid-up equity, in the bank at an average of ₹306.61 per share.
Reliance Capital: The debt resolution of Reliance Capital has slowed down after differences between lenders and the administrator over settling the finances of the company’s subsidiaries. A request for documenting the resolution plan has not been issued to some 50 companies that submitted expressions of interest in March for Reliance Capital.
IDBI Bank: RBI imposes monetary penalty of Rs 90 lakh for non-compliance with guidelines on fraud classification and reporting, strengthening the controls of payment ecosystem and cyber security framework. Moving on to markets
The key benchmark indices are likely to start Monday’s session with cuts amid weak global cues and the on-going Russia-Ukraine conflict. At 7:50 am, the SGX Nifty futures were quoting at 17,790 levels, hinting at an opening loss of 90-odd points for the Nifty50.
In the week, investors will continue to watch out for global developments around the geo-political situation and prices of key commodities. Back home, India Inc. will kickstart the Q4 earnings season with TCS to release its results after market hours. Moreover, crucial economic data will also be monitored this week. Consumer price index (CPI) reading for both India and the US will be released on Tuesday, while producer price index in the US will come the following day.
Business term of the day
Fixed income is a class of assets and securities that pay out a set level of cash flows to investors, typically in the form of fixed interest or dividends. At maturity for many fixed income securities, investors are repaid the principal amount they had invested in addition to the interest they have received. Government and corporate bonds are the most common types of fixed-income products.
In this episode, find out about NHPC’s Rs 62.4 k crore storage plants push, and also find out Zomato will announce its Q4 nos Business Term of the Day: Excise Tax Read more
In this episode, find out about NHPC’s Rs 62.4 k crore storage plants push, and also find out Zomato will announce its Q4 nos Business Term of the Day: Excise Tax Read more
In this episode, find out why Equitas founder PN Vasudevan resigned, also find out about Indonesia’s decision to lift ban on edible oil exports Business Term of the Day: GST Read more
In this episode, find out why Equitas founder PN Vasudevan resigned, also find out about Indonesia’s decision to lift ban on edible oil exports Business Term of the Day: GST Read more
In this episode, find out why investors are looking at a sharper rate hike from RBI, also find out about the new CEO at Indigo. Business Term of the Day: Tariff Read more
In this episode, find out why investors are looking at a sharper rate hike from RBI, also find out about the new CEO at Indigo. Business Term of the Day: Tariff Read more
In this episode, find out about the government’s plans to reduce the quantum of stake sale in BPCL, and also find out about RBI’s decision to reject 6 applications for banking lice ... Read more
In this episode, find out about the government’s plans to reduce the quantum of stake sale in BPCL, and also find out about RBI’s decision to reject 6 applications for banking licences Business Term of the Day: Open offer Read more
In this episode, find out about Jack Ma exiting Paytm E-commerce, also find out about Byju’s looking at US acquisition for $2 bn Business Term of the Day: Growth stocks Read more
In this episode, find out about Jack Ma exiting Paytm E-commerce, also find out about Byju’s looking at US acquisition for $2 bn Business Term of the Day: Growth stocks Read more
In this episode, find out why Tech Mahindra thinks positive momentum will continue in FY23, also find out about Maruti Suzuki’s plan to invest Rs 11,000 crore in a new plant in Har ... Read more
In this episode, find out why Tech Mahindra thinks positive momentum will continue in FY23, also find out about Maruti Suzuki’s plan to invest Rs 11,000 crore in a new plant in Haryana. Business Term of the Day: Bear market Read more
In this episode, find out about PNB’s decision to subscribe to rights issue of PNB Housing, also find out about Reliance Industries and BP’s plan to draw up a compensation plan for ... Read more
In this episode, find out about PNB’s decision to subscribe to rights issue of PNB Housing, also find out about Reliance Industries and BP’s plan to draw up a compensation plan for dealers Business Term of the Day: Nominal GDP Read more
In this episode, find out about banks hiking lending rates post RBI rate hike, also find out why Bitcoin dropped the most in a month. Business Term of the Day: FOMC Read more
In this episode, find out about banks hiking lending rates post RBI rate hike, also find out why Bitcoin dropped the most in a month. Business Term of the Day: FOMC Read more
In this episode, find out about SBI’s plans to raise $2bn from global markets, also find out why Indian markets are likely to open higher Business Term of the Day: Stagflation Read more
In this episode, find out about SBI’s plans to raise $2bn from global markets, also find out why Indian markets are likely to open higher Business Term of the Day: Stagflation Read more
In this episode, find out why Amazon has written to Sebi against Future Retail, also find out about Adani Wilmar’s acquisition of Kohinoor brand from McCormick Switzerland GMBH Bu ... Read more
In this episode, find out why Amazon has written to Sebi against Future Retail, also find out about Adani Wilmar’s acquisition of Kohinoor brand from McCormick Switzerland GMBH Business Term of the Day: Grey Market Premium Read more