In this episode, find out why Indian markets are likely to open lower in trade today, also find out about Reliance New Energy’s plan to acquire Lithium Werks Business Term of the Day: Wholesale inflation The Reserve Bank of India (RBI) has removed caps on the pricing of small loans given by non-banking financial company-microfinance institutions (NBFC-MFIs), bringing them to the same level as other such lenders, including banks. With this, the underwriting of loans will be done on a risk-based analysis, and a risk premium will be charged based on the borrower. India’s retail inflation hit its fastest pace in eight months in February, led by higher prices of food and manufactured goods. Retail inflation rose to 6.07 percent in February as compared to 5.03 percent reported in the year-ago period. Wholesale inflation also quickened in February, staying in double digits for the 11th straight month Reliance New Energy acquired assets of Lithium Werks for $61 million. Assets include entire patent portfolio of Lithium Werks, manufacturing facility in China, key business contracts and hiring of existing employees. Tata group has appointed Natarajan Chandrasekaran as the chairman of Air India Ltd, as the conglomerate continued steps to bolster the loss-making airline’s management just months after taking control from the government. Chandrasekaran’s appointment was approved in a board meeting of Air India. Bank of Baroda: Baroda Asset Management is merging with BNP Paribas Asset Management India to form Baroda BNP Paribas Asset Management. The lender holds 50.1% stake in the new firm while BNP Paribas owns the rest. Adani Group has partnered with energy transitions company Greenko Group to utilise standalone long-duration hydro energy storage capacity to provide round-the-clock energy to the former’s facilities in India. Vodafone Idea Ltd today announced its foray into gaming industry through Vi Games on the Vi app in partnership with diversified gaming company Nazara Technologies. Crisis-ridden fintech player BharatPe has entered the gold loan segment for its merchant partners, marking its entry into the secured credit category. For launching gold loans, BharatPe has partnered with a few NBFCs, and will be offering loans of up to Rs 20 lakh against gold pledge. The service is already available to its merchant customers in Delhi-NCR, Bengaluru and Hyderabad, and it will be scaling this to 20 cities by the end of this year when it hopes to disburse Rs 500 crore. Persistent Systems may be in focus as the company through its wholly owned subsidiaries has agreed to acquire MediaAgility Inc. and its subsidiaries in India, the United Kingdom, Mexico and Singapore for a total of $71.71 million. Moving on to markets The Indian indices may witness a flat to negative start on Tuesday. The indices are likely to react to inflation numbers for February released on Monday – CPI inflation rose to 6.07% and WPI was up 13.11%. The crude prices have remained calm for the past few sessions as investors continue to monitor peace talks between Russia and Ukraine. However, the monetary policy committee of the US Federal Reserve will begin its 2-day meet today to decide the rate policy. The outcome will be closely looked at by the investors. On Monday, the US market closed mostly lower expecting a hike in the rates. In Asia, shares in Japan, Australia, South Korea, Hong Kong, and Shanghai were all down. Business Term of the day Wholesale inflation – The Wholesale Price Index (WPI) reflects changes in the average prices of goods at the wholesale level — that is, commodities sold in bulk and traded between businesses or entities rather than goods bought by consumers. There are certain limitations in using WPI as a measure for inflation, as WPI does not consider the price of services, and it does not reflect the consumer price situation in the country. he index basket of WPI categorises commodities under three groups — primary articles, fuel and power & manufactured products.
In this episode, find out about Reliance Industries’ plan to acquire Metro AG, also find out MTNL’s Rs 17,571 crore fundraising plan Business Term of the Day: RBI Retail Direct Sc ... Read more
In this episode, find out about Reliance Industries’ plan to acquire Metro AG, also find out MTNL’s Rs 17,571 crore fundraising plan Business Term of the Day: RBI Retail Direct Scheme Read more
In this episode, find out about Byju’s decision to lay off 2500 employees, also find out Government’s decision to scrap SAIL’s Bhadravathi steel plant privatisation Business Term ... Read more
In this episode, find out about Byju’s decision to lay off 2500 employees, also find out Government’s decision to scrap SAIL’s Bhadravathi steel plant privatisation Business Term of the Day: Asset Reconstruction Company Read more
In this episode, find out about TCS’ plan to help central banks roll out digital currency, also find out why large corporates will not bid for IDBI Bank Business Term of the Day: ... Read more
In this episode, find out about TCS’ plan to help central banks roll out digital currency, also find out why large corporates will not bid for IDBI Bank Business Term of the Day: Suptech Read more
In this episode, find out about NCLT admitting GVK Power (Goindwal Sahib) for insolvency, also find out about Panacea Biotech baging global vaccine order Business Term of the Day: ... Read more
In this episode, find out about NCLT admitting GVK Power (Goindwal Sahib) for insolvency, also find out about Panacea Biotech baging global vaccine order Business Term of the Day: Net Asset Value Read more
In this episode, find out about RBI approves the appointment of Prashant Kumar as MD & CEO of Yes bank, also find out about World Bank cuts India’s FY23 GDP forecast to 6.5% B ... Read more
In this episode, find out about RBI approves the appointment of Prashant Kumar as MD & CEO of Yes bank, also find out about World Bank cuts India’s FY23 GDP forecast to 6.5% Business Term of the Day: Rebalancing Read more
In this episode, find out about CCI grants approval to the Zee-Sony deal, and also find out about JSW Energy to set up a 960 MW hydro pump storage project in Maharashtra Business ... Read more
In this episode, find out about CCI grants approval to the Zee-Sony deal, and also find out about JSW Energy to set up a 960 MW hydro pump storage project in Maharashtra Business Term of the Day: Just in Time Read more
In this episode, find out about Rs 500 crore IPO of Electronics Mart India, also find out about TCS’ $ 2 bn deal from BSNL
Business Term of the Day: Contract manufacturing. Read more
In this episode, find out about Rs 500 crore IPO of Electronics Mart India, also find out about TCS’ $ 2 bn deal from BSNL
Business Term of the Day: Contract manufacturing. Read more
In this episode, find out about Zee to shut channel to allay CCI concerns over the Sony deal, and also find out about CCI clears Bank of Baroda’s additional stake buy in IndiaFirst ... Read more
In this episode, find out about Zee to shut channel to allay CCI concerns over the Sony deal, and also find out about CCI clears Bank of Baroda’s additional stake buy in IndiaFirst Life Insurance Business Term of the Day: Inflation targeting Read more
In this episode, find out about Hero MotoCorp’s plan to invest $60 m in Zero Motorcyles, also find out about IOC’s plans to float a new subsidiary to do financing activities in Gif ... Read more
In this episode, find out about Hero MotoCorp’s plan to invest $60 m in Zero Motorcyles, also find out about IOC’s plans to float a new subsidiary to do financing activities in Gift City Business Term of the Day: Government borrowing Read more
In this episode, find out about the government’s 2 stage plan to privatize IDBI Bank and also find out about Airtel Payment bank’s plans to set up 1.5 lk micro ATMs Business Term ... Read more
In this episode, find out about the government’s 2 stage plan to privatize IDBI Bank and also find out about Airtel Payment bank’s plans to set up 1.5 lk micro ATMs Business Term of the Day: Gig economy 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.