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 BPCL’s new ethylene project at Bina refinery, also find out why Fame 2 subsidy on EVs could be slashed Business Term of the Day: Structured credit Read more
In this episode, find out about BPCL’s new ethylene project at Bina refinery, also find out why Fame 2 subsidy on EVs could be slashed Business Term of the Day: Structured credit Read more
In this episode, find out why SEBI has sought a 6 month extension to complete probe no Adani Group, also find out about the new Vedanta CFO. Business Term of the Day: Alternative ... Read more
In this episode, find out why SEBI has sought a 6 month extension to complete probe no Adani Group, also find out about the new Vedanta CFO. Business Term of the Day: Alternative Investment Fund. Read more
In this episode, find out about Godrej promoters’ new family office, also find out why markets are up in trade today. Business Term of the Day: Family office. Read more
In this episode, find out about Godrej promoters’ new family office, also find out why markets are up in trade today. Business Term of the Day: Family office. Read more
In this episode, find out how Vedanta is looking to become a net zero debt company, also find out about India’s manufacturing PMI hitting 4 months high in April Business Term of t ... Read more
In this episode, find out how Vedanta is looking to become a net zero debt company, also find out about India’s manufacturing PMI hitting 4 months high in April Business Term of the Day: CCIL Read more
In this episode, find out about revision in LPF cylinder prices, also find out why SEBI’s investigation into Hindenburg’s allegations is delayed. Business Term of the Day: SaaS Read more
In this episode, find out about revision in LPF cylinder prices, also find out why SEBI’s investigation into Hindenburg’s allegations is delayed. Business Term of the Day: SaaS Read more
In this episode, find out about Abbott India’s recall of thyroid drug, also find out about Hinduja’s winning bid for Reliance Capital Business Term of the Day: Capital gains Read more
In this episode, find out about Abbott India’s recall of thyroid drug, also find out about Hinduja’s winning bid for Reliance Capital Business Term of the Day: Capital gains Read more
In this episode, find out about Serum arm’s plan to double investment in the Biocon unit, also find out about IndiGo’s plan to buy 20 wide-body planes for international operations. Read more
In this episode, find out about Serum arm’s plan to double investment in the Biocon unit, also find out about IndiGo’s plan to buy 20 wide-body planes for international operations. Read more
In this episode, find out about Vedanta’s repayment of all maturing loans and bonds due in April, also find out about Future Retail’s resolution applicants Business Term of the Da ... Read more
In this episode, find out about Vedanta’s repayment of all maturing loans and bonds due in April, also find out about Future Retail’s resolution applicants Business Term of the Day: Volatility Read more
In this episode, find out about Anil Agarwal pledged stake in Hindustan Zinc, also find out about Cholamandalam Investment and Finance co announces maiden debt issue of Rs 5000 cr ... Read more
In this episode, find out about Anil Agarwal pledged stake in Hindustan Zinc, also find out about Cholamandalam Investment and Finance co announces maiden debt issue of Rs 5000 cr. Read more
The Website uses cookies to ensure you get the best experience on our website. If you continue browsing you will be providing your consent to our use of these.
