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 HDFC bank’s dividend to its shareholders for FY22, also find out why Indian markets will have a negative opening. Business Term of the Day: Index Read more
In this episode, find out about HDFC bank’s dividend to its shareholders for FY22, also find out why Indian markets will have a negative opening. Business Term of the Day: Index Read more
In this episode, find out about MuSigma Dhiraj Rajaram’s plans to raise debt to buy out Sequioa, also find out why Indian markets are likely to remain weak on global cues. Busines ... Read more
In this episode, find out about MuSigma Dhiraj Rajaram’s plans to raise debt to buy out Sequioa, also find out why Indian markets are likely to remain weak on global cues. Business Term of the Day: Net interest margins (NIM) Read more
In this episode, find out about Future group shareholders' vote on the deal with RIL, also find out about Tata Steel's plans to exit Russia. Business Term of the Day: ESOPs Read more
In this episode, find out about Future group shareholders' vote on the deal with RIL, also find out about Tata Steel's plans to exit Russia. Business Term of the Day: ESOPs Read more
In this episode, find out about Punjab and Sind Bank classifies SREI group of cos as fraud, also find out about VRL Logistics to sell wind power undertaking to Ratna Cement Busine ... Read more
In this episode, find out about Punjab and Sind Bank classifies SREI group of cos as fraud, also find out about VRL Logistics to sell wind power undertaking to Ratna Cement Business Term of the Day: Slump Sale Read more
In this episode, find out about L&T's plans to merge Mindtree and L&T Toubro Infotech, also find out about SBI’s move to hike the lending rate after 3 years Business Term ... Read more
In this episode, find out about L&T's plans to merge Mindtree and L&T Toubro Infotech, also find out about SBI’s move to hike the lending rate after 3 years Business Term of the Day: Marginal Cost of funds based lending rate (MCLR) Read more
In this episode, find out about Mahindra Holidays & Resorts’ plans to increase stake in Rocksport Pvt Ltd, also find out Ultra Tech’s plans to invest in UAE based RAK Cement B ... Read more
In this episode, find out about Mahindra Holidays & Resorts’ plans to increase stake in Rocksport Pvt Ltd, also find out Ultra Tech’s plans to invest in UAE based RAK Cement Business Term of the Day: Restricted Stock Units Read more
In this episode, find out about Holcim Group’s plans to exit the India cement business, also find out why auto output fell to levels seen 5 years ago Business Term of the Day: Do ... Read more
In this episode, find out about Holcim Group’s plans to exit the India cement business, also find out why auto output fell to levels seen 5 years ago Business Term of the Day: Downtrading Read more
In this episode, find out about Fino Payments Bank’s move to buy minority stake in PaySprint, also find out why Indian markets will open on a flat note Business Term of the Day: ... Read more
In this episode, find out about Fino Payments Bank’s move to buy minority stake in PaySprint, also find out why Indian markets will open on a flat note Business Term of the Day: Valuation Read more
In this episode, find out about TRAI’s decision to cut base price by 36%, also find out Zee Entertainment’s plans for its movie production business this year Business Term of the ... Read more
In this episode, find out about TRAI’s decision to cut base price by 36%, also find out Zee Entertainment’s plans for its movie production business this year Business Term of the Day: Infrastructure Investment Trust Read more
In this episode, find out why M&M has terminated its decision to sell Ssang Yong Motor, also find out why Flipkart has raised its internal IPO valuation to $60-70 bn. Business ... Read more
In this episode, find out why M&M has terminated its decision to sell Ssang Yong Motor, also find out why Flipkart has raised its internal IPO valuation to $60-70 bn. Business Term of the Day: Government borrowing Read more
