In this episode, find out why US-based private equity firm Cerebrus is looking to buy bad loans from Yes Bank, also find out why Bharti Airtel is looking to raise tariffs this year
Business Term of the Day: Open market operation (OMO) All eyes on Reserve Bank of India’s Monetary Policy Committee that is scheduled to announce its decision on interest rates. Governor Shaktikanta Das will be speaking at 10 am which will followed by a press conference at 12. Eight out of 12 economists expect RBI to hike reverse repo rate, the rate at which RBI borrow from banks to absorb liquidity. 4 economists expect rbi to keep reverse repo rate unchanged. Almost all expect rbi not to hike repo rate this tiem around. But the bond market will be closely watching for RBI’s commentary on liquidity and how it intends to manage the huge government borrowing program next year. Union Finance Minister Nirmala Sitharaman will address the post-budget meeting of the Reserve Bank of India’s (RBI) central board on 14 February and highlight key points of the Union Budget, including the fiscal consolidation roadmap and high capital expenditure plan. Cerberus Capital Management has emerged as the top bidder to acquire around ₹55,000 crore of bad loans from Yes Bank Ltd, with plans to transfer the assets to a jointly sponsored asset reconstruction company, said two people directly aware of the development. US-based Cerberus, one of the world’s largest distressed assets investors, is also likely to acquire a controlling stake in Blackstone’s International Asset Reconstruction Co. (IARC), which will be the investment vehicle for the transaction, Bharti Airtel Ltd, India’s second-largest telecom operator, may take the lead in raising tariffs to help push its average revenue per user (Arpu) to ₹200 in 2022, Airtel’s chief executive officer Gopal Vittal said during an analyst call on Wednesday following its December quarter earnings announcement. Moving on to markets Indian indices may witness a flat to negative start today. The Wednesday session saw the markets extend gains for the second straight day global cues look positive for India. Wall Street rose sharply on Wednesday with boost from Big Tech. European shares gained on strong earnings. In Asia, the markets were mixed as shares in Japan and Australia rose, while Hong Kong, South Korea and Shanghai saw a decline. Oil’s rally has stalled around $90 a barrel, in part on the possibility that a nuclear deal with Iran could bring supply relief to a tight market.
Business Term of the Day Open market operation – Open market operations refer to the selling and purchasing of the treasury bills and government securities by the central bank of any country in order to regulate money supply in the economy. uying securities adds money to the system, making loans easier to obtain and interest rates decline. Selling securities from the central bank’s balance sheet removes money from the system, making loans more expensive and increasing rates.
In this episode, find out about government's plans to revive privatization of state owned banks, also find out about ICICI bank reporting 35% growth in Q2
Business Term of the Day: ... Read more
In this episode, find out about government's plans to revive privatization of state owned banks, also find out about ICICI bank reporting 35% growth in Q2
Business Term of the Day: Unsecured loan. Read more
In this episode, find out about Chinese solar firms under tax scrutiny, also find out about government amending pension scheme
Business Term of the Day: Proxy firms Read more
In this episode, find out about Chinese solar firms under tax scrutiny, also find out about government amending pension scheme
Business Term of the Day: Proxy firms Read more
In this episode, find out about Grasim Industries raising funds upto Rs 4000 cr via rights issue, also find out about Jio Financial doubling its profit in Q2.
Business Term of the ... Read more
In this episode, find out about Grasim Industries raising funds upto Rs 4000 cr via rights issue, also find out about Jio Financial doubling its profit in Q2.
Business Term of the Day: Liquidation Read more
In this episode, find out about Ranjan Pai extending Rs 300 crore loan to Byju's parent, also find out about Tata Motors selling 9.9% stake in Tata Tech for Rs 1613 crore.
Business ... Read more
In this episode, find out about Ranjan Pai extending Rs 300 crore loan to Byju's parent, also find out about Tata Motors selling 9.9% stake in Tata Tech for Rs 1613 crore.
Business Term of the Day: Business Cycle Read more
In this episode, find out about SBI mutual fund picking up 9.99% stake in Indusind Bank, also find out about Go Air receiving expression of interest from Jindal Power.
Business Ter ... Read more
In this episode, find out about SBI mutual fund picking up 9.99% stake in Indusind Bank, also find out about Go Air receiving expression of interest from Jindal Power.
Business Term of the Day: Unified Payments Interface 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. 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
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