Amazon has written to Sebi, requesting the regulator to investigate Future Retail Ltd (FRL) for alleged “material suppression” and “false disclosures” by the Indian retailer, “defrauding its shareholders and the Indian investors at large”. Amazon has also approached court, accusing FRL of alienating its retail assets in favour of Reliance Industries
Aircraft Accident Investigation Bureau probe SpiceJet’s Mumbai-Durgapur flight mishap. The occurrence is being categorised an ‘accident’ in accordance with the International Civil Aviation Organization norms. The Directorate General of Civil Aviation has carried out a preliminary probe and initiated an inspection of SpiceJet’s entire fleet
Subsidiary Biocon Biologics on Tuesday said Ireland’s health regulator has reported some deficiencies in the manufacturing process at the company’s plant in Bengaluru. The good manufacturing practice inspection of one of Biocon Biologics’ new monoclonal antibody drug substance manufacturing facilities was conducted between 28 March and 1 April.
Adani Wilmar: Has acquired Kohinoor brand from McCormick Switzerland GMBH for an undisclosed amount. The acquisition would give Adani Wilmar exclusive rights over the brand ‘Kohinoor’ basmati rice along with ‘Ready to Cook’, ‘Ready to Eat’ curries and meals portfolio in India.
Subscription for the Initial Public Offering (IPO) of insurance behemoth Life Insurance Corporation (LIC) of India has opened today and it will remain open for bidding till 9th May 2022.
Moving on to markets
the SGX Nifty futures were quoting at 17,083 levels, unchanged from their previous close, and hinting at a muted start for the Nifty benchmark.
All eyes will be on the LIC IPO, that opens for subscription today. The Rs 21,000-crore public offer will be the biggest issue ever on the Dalal Street. While investors are busy scanning financials of LIC, grey market is also giving positive signals in regard to the public issue. According to market observers, LIC IPO GMP (grey market premium) today is 85, which is around 8 per cent higher from the LIC IPO price band of ₹902 to ₹949 per equity share.
That apart, the crucial US Fed interest rate decision to be announced later tonight will also be closely monitored, where a 50-bps rate hike is widely expected. Business Term of the day
The grey market premium aka IPO GMP is information that is calculated based on the demand of a company that is coming up with an IPO. The grey market starts unofficially in the unregulated market after the IPO date and price band announcements. IPO Investors always look at the premium of an IPO before investing in it but it might vary as per the market conditions, demand, and subscription numbers.
In this episode, find out about Baring PE, ChrysCapital’s acquisition of HDFC Credila for ₹9,060 crore,, also about SEBI’s ban on IIFL Securities Business Term of the Day: First ... Read more
In this episode, find out about Baring PE, ChrysCapital’s acquisition of HDFC Credila for ₹9,060 crore,, also about SEBI’s ban on IIFL Securities Business Term of the Day: First Loan Default Guarantee Read more
In this episode, find out about Asia’s largest train wheel manufacturing plant in India, also about Adani Enterprises’ foray into train ticketing Business Term of the Day: Burn R ... Read more
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We dive into the significant developments shaping the Indian economy. We discuss the recent drop in retail inflation, which hit a 25-month low in May. With easing food prices as th ... Read more
We dive into the significant developments shaping the Indian economy. We discuss the recent drop in retail inflation, which hit a 25-month low in May. With easing food prices as the main driver, this development offers relief to the Reserve Bank of India (RBI) and raises the possibility of the central bank maintaining interest rates in the upcoming meeting. Business Term of the Day: Warrants Read more
In this episode, find out about fundraising of TV Motors’ finance arm from Premji Invest, also about Sequoia Capital’s stake sale in Go Fashion Business Term of the Day: Takeout ... Read more
In this episode, find out about fundraising of TV Motors’ finance arm from Premji Invest, also about Sequoia Capital’s stake sale in Go Fashion Business Term of the Day: Takeout financing Read more
In this episode, find out about HDFC bank’s new home loan business head, also why Delhivery moved NCLT against Go First. Business Term of the Day: Call money rate Read more
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In this episode, find out about LIC raising stake in Tech Mahindra to 8.88%, also about Hero MotoCorp’s plan to expand its electric range Business Term of the Day: Tender offer Read more
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In this episode, find out about the legal notice issued by Reliance Home Finance debenture holders against Bank of Baroda, also Byju’s default on its loan Business Term of the Da ... Read more
In this episode, find out about the legal notice issued by Reliance Home Finance debenture holders against Bank of Baroda, also Byju’s default on its loan Business Term of the Day: Term loan Read more
In this episode, find out about Bank of Baroda’s plan to auction a part stake in NSE, also find about shareholders' rejection of Baba Kalyani’s reappointment for CEO Business Ter ... Read more
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In this episode, find out about Bajaj Finserv’s Rs 5000 cr investment in Pune, also find out why Her0 Motocorp has increased price of its EV Business Term of the Day: Corporate ... Read more
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