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 why Infosys reported a 13.4% YoY rise in profit in Q3, also find out about Alibaba selling a stake in One97 Communication Business Term of the Day: Telec ... Read more
In this episode, find out why Infosys reported a 13.4% YoY rise in profit in Q3, also find out about Alibaba selling a stake in One97 Communication Business Term of the Day: Telecom spectrum Read more
In this episode, find out about HUL’s 51% acquisition of Zywie Ventures, also find out about Wipro’s leadership changes Business Term of the Day: Financial inclusion Read more
In this episode, find out about HUL’s 51% acquisition of Zywie Ventures, also find out about Wipro’s leadership changes Business Term of the Day: Financial inclusion Read more
In this episode, find out about APSEZ’s acquisition of Haifa Port Company, also find out about Axis Bank’s revised agreement with Max Financial for the insurance venture Business ... Read more
In this episode, find out about APSEZ’s acquisition of Haifa Port Company, also find out about Axis Bank’s revised agreement with Max Financial for the insurance venture Business Term of the Day: Spinoff Read more
In this episode, find out about the progress of IDBI bank privatisation, also find out why TCS reported lower expected earnings Business Term of the Day: ChatGPT Read more
In this episode, find out about the progress of IDBI bank privatisation, also find out why TCS reported lower expected earnings Business Term of the Day: ChatGPT Read more
In this episode, find out about SEBI’s decision to allow govt holding in IDBI Bank to be reclassified as public after divestment, also find out about L&T Realty Developers’ pla ... Read more
In this episode, find out about SEBI’s decision to allow govt holding in IDBI Bank to be reclassified as public after divestment, also find out about L&T Realty Developers’ plan to sell a stake in Think Tower Developers Business Term of the Day: Plant Load Factor Read more
In this episode, find out about Biju’s founder’s fundraising plan to buyback as much as 15% of the firm, also find out about NARCL’s bid for Srei cos Business Term of the Day: Enc ... Read more
In this episode, find out about Biju’s founder’s fundraising plan to buyback as much as 15% of the firm, also find out about NARCL’s bid for Srei cos Business Term of the Day: Encumbrance Read more
In this episode, find out about Amazon’s plans to enter electricity trading, also find out about Reliance Retail FCMG arm’s move to acquire a stake in Sosyo Hajoori Beverages Busi ... Read more
In this episode, find out about Amazon’s plans to enter electricity trading, also find out about Reliance Retail FCMG arm’s move to acquire a stake in Sosyo Hajoori Beverages Business Term of the Day: Loan To Value Ratio Read more
In this episode of Mint Business News, fint out about BharatPe's founder stepping down as CEO and Jet Airways' Revival Plan. Business Term of the day - Credit Spread Read more
In this episode of Mint Business News, fint out about BharatPe's founder stepping down as CEO and Jet Airways' Revival Plan. Business Term of the day - Credit Spread Read more
In this episode of Mint Business News, find out about Tata Motors's acquisition plan of Ford India’s manufacturing plant at Sanand in Gujarat and also find out about Religare Ente ... Read more
In this episode of Mint Business News, find out about Tata Motors's acquisition plan of Ford India’s manufacturing plant at Sanand in Gujarat and also find out about Religare Enterprises' settlement issue. Read more
In this episode, find out about JK Cement’s foray into the paint’s business, also find out about Yes Bank’s decision to transfer Dish TV shares to JC Flowers ARC Business Term of ... Read more
In this episode, find out about JK Cement’s foray into the paint’s business, also find out about Yes Bank’s decision to transfer Dish TV shares to JC Flowers ARC Business Term of the Day: Asset Reconstruction Company Read more
