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 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
In this episode, find out about BHEL getting an order from NTPC and how much film exhibition company PVR Cinemas will invest to open 100 new screens in FY23. Read more
In this episode, find out about BHEL getting an order from NTPC and how much film exhibition company PVR Cinemas will invest to open 100 new screens in FY23. Read more
In this episode, find out about the Shares of Tata Steel had a rise of 1.21% (Rs. 104.9) at 12:33 hours at BSE. So far today 52.6 Lac shares of the company were traded at the BSE. ... Read more
In this episode, find out about the Shares of Tata Steel had a rise of 1.21% (Rs. 104.9) at 12:33 hours at BSE. So far today 52.6 Lac shares of the company were traded at the BSE. Business term of the day: PLI Scheme Read more
In this episode, find out about CCI’s approval for the merger of Jio Cinema OTT with Viacom 18 Media, and also find out why the Future unit has canceled plans to sell assets
Busin ... Read more
In this episode, find out about CCI’s approval for the merger of Jio Cinema OTT with Viacom 18 Media, and also find out why the Future unit has canceled plans to sell assets
Business Term of the Day: First Loan Default Guarantee (FLDG) Read more
In this episode, find out about NCLT’s approval for the merger of Exide Life with HDFC Life, and also find out about the government’s plan to grant DFI status to REC to boost clima ... Read more
In this episode, find out about NCLT’s approval for the merger of Exide Life with HDFC Life, and also find out about the government’s plan to grant DFI status to REC to boost climate funding
Business Term of the Day: Development Finance Institution Read more
In this episode, find out about Reliance Retail’s plan to double its borrowing limit to ₹1 lakh crore, and also find out about Fairfax’s move to sell a majority stake in Fairchem O ... Read more
In this episode, find out about Reliance Retail’s plan to double its borrowing limit to ₹1 lakh crore, and also find out about Fairfax’s move to sell a majority stake in Fairchem Organics
Business Term of the Day: Mark to Market. Read more
In this episode, find out about the muted listing of Tamilnad Mercantile Bank on the bourses and about Byju’s Rs 4500 crore loss in FY21. Business Term of the Day: Benchmark Prime ... Read more
In this episode, find out about the muted listing of Tamilnad Mercantile Bank on the bourses and about Byju’s Rs 4500 crore loss in FY21. Business Term of the Day: Benchmark Prime Lending Rate Read more
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