Title – RBI’s monetary policy committee meeting starts today
Description – In this episode, find out Vodafone Idea plans to grow its post paid user base, also find out about TVS Motor’s plans to raise Rs 5000 crore in EV push
Business Term of the Day: ONDC
The Reserve Bank’s rate-setting panel will begin its three-day deliberations on Monday to decide the next monetary policy in the backdrop of high inflationary concerns and evolving geo-political situation
TVS Motor Co. Ltd is in advanced talks to raise ₹4,000-5,000 crore from private equity firms to fund the expansion plan of the group’s newly formed electric mobility arm, two people with direct knowledge of the matter said. TVS Motors is doubling down on electric vehicles as India sharpens its focus on reducing vehicular pollution in cities and cutting dependence on fossil fuels amid surging fuel prices.
Vodafone Idea Ltd plans to grow its postpaid user base and add more high-paying customers to its network through targeted marketing initiatives as part of its broader strategy to boost its average revenue per user. Ravinder Takkar, chief executive, Vodafone Idea, said the key challenge of payment mechanism for postpaid plans through online mode has been resolved and the time is ripe to examine the prepaid-postpaid divide within its customer base.
Sebi has revoked the securities market ban imposed on Abhay Bhutada, Managing Director of Poonawalla Finance, in a case pertaining to alleged insider trading activities in the shares of Magma Fincorp (which is now known as Poonawalla Fincorp). After conducting a detailed investigation in the matter, Sebi found that “Abhay Bhutada had not communicated UPSI (unpublished price sensitive information)”
The company has signed a share purchase agreement with Essar Power to acquire its 100 percent stake in Essar Power Transmission Company (EPTCL). The acquisition is in line with the company’s value added growth strategy through organic as well as inorganic growth opportunities. The deal is pegged at Rs 1,913 crore.
Moving on to markets
Indian indices may witness a flat to negative start on Monday.
The indices declined moderately in the last trading session on Friday.
Globally, caution is the dominant theme among the investors ahead of a critical reading on US inflation, while the euro gained on the yen amid wagers the European Central Bank will take a major step toward policy tightening this week.
Oil prices jumped in early trade after Saudi Arabia raised prices sharply for its crude sales in July, an indicator of how tight supply is even after OPEC+ agreed to accelerate its output increases over the next two months.
In India, the Reserve Bank is likely to announce the outcome of its Monetary Policy Committee on 8 June. In Asia, shares gained marginally in Hong Kong and South Korea, while it fell in Japan, Shanghai, and Australia.
Business Term of the day
hat is ONDC, India’s project for an open e-commerce network? ONDC is a non-profit company whose network will enable the display of products and services from all participating e-commerce platforms in search results across all apps on the network. For example, if both Amazon and Walmart’s Flipkart integrate their platforms with ONDC, a user searching for a Bluetooth headset on Amazon would also see results from Flipkart on the Amazon app.
In this episode, find out about SBI’s plans to raise Rs 11,000 crore via bonds in FY23 and also find out why Wipro reported a fall in net profit. Business Term of the Day: Parity ... Read more
In this episode, find out about SBI’s plans to raise Rs 11,000 crore via bonds in FY23 and also find out why Wipro reported a fall in net profit. Business Term of the Day: Parity price Read more
In this episode, find out about RBI’s proposal for a four-tiered structure for Uran Cooperative banks, and also find out PNB Hsg Finance’s decision to settle the case with SEBI. Bu ... Read more
In this episode, find out about RBI’s proposal for a four-tiered structure for Uran Cooperative banks, and also find out PNB Hsg Finance’s decision to settle the case with SEBI. Business Term of the Day: Swiss Challenge Read more
In this episode, find out about Yes bank’s plans to invest Rs 350 crore in JC Flowers ARC and also find out about M&M hiking stake in subsidiary Sampo Rosenlew Business Term o ... Read more
In this episode, find out about Yes bank’s plans to invest Rs 350 crore in JC Flowers ARC and also find out about M&M hiking stake in subsidiary Sampo Rosenlew Business Term of the Day: Earnest Money Deposit Read more
In this episode, find out about HDFC bank’s plans for its HDB Financial Services & HDFC Securities, also find out about Crude oil prices trading below $100 bbl. Business Term o ... Read more
In this episode, find out about HDFC bank’s plans for its HDB Financial Services & HDFC Securities, also find out about Crude oil prices trading below $100 bbl. Business Term of the Day: non-deliverable forward (NDF) Read more
In this episode, find out why DGCA issued show-cause notice against SpiceJet, and also find out about Reliance Retail’s partnership with US apparel major Gap Inc Business Term of ... Read more
In this episode, find out why DGCA issued show-cause notice against SpiceJet, and also find out about Reliance Retail’s partnership with US apparel major Gap Inc Business Term of the Day: FCNR Deposits Read more
In this episode, find out about Byju’s fund raising plan for acquisition of 2U, also find out about CCPA’s decision to bar hotels from levying service charge Business Term of the ... Read more
In this episode, find out about Byju’s fund raising plan for acquisition of 2U, also find out about CCPA’s decision to bar hotels from levying service charge Business Term of the Day: Call money Read more
In this episode, find out why NTPC signed an MoU with the Rajasthan government for the development of 10 GW Ultra Mega Renewable Energy Power Park in Rajasthan, also find out about ... Read more
In this episode, find out why NTPC signed an MoU with the Rajasthan government for the development of 10 GW Ultra Mega Renewable Energy Power Park in Rajasthan, also find out about Coal India’s record production in June Business Term of the Day: Shrinkflation Read more
In this episode, find out about Maruti Suzuki’s plans to increase its share in the SUV segment, also find out about rupee hitting 79/$ for the first time ever Business Term of the ... Read more
In this episode, find out about Maruti Suzuki’s plans to increase its share in the SUV segment, also find out about rupee hitting 79/$ for the first time ever Business Term of the Day: Big tech Read more
In this episode, find out about TVS Motor’s plans to raise funds from PE for its EV biz, also find out about Bijy’s deal to buy 2U. Business Term of the Day: Interest rate differe ... Read more
In this episode, find out about TVS Motor’s plans to raise funds from PE for its EV biz, also find out about Bijy’s deal to buy 2U. Business Term of the Day: Interest rate differential Read more
In this episode, find out about Tata Motors’ decision to hike the price of commercial vehicles, also find out about Novartis AG’s plan to cut 8000 jobs to save at least $1 billion ... Read more
In this episode, find out about Tata Motors’ decision to hike the price of commercial vehicles, also find out about Novartis AG’s plan to cut 8000 jobs to save at least $1 billion by 2024. Business Term of the Day: Real Effective Exchange Rate Read more