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 Tata Power’s plans to partner with Kolte Patil Developers for EV stations, also find out about NCLT’s decision to hear Amazon’s petition against insolven ... Read more
In this episode, find out Tata Power’s plans to partner with Kolte Patil Developers for EV stations, also find out about NCLT’s decision to hear Amazon’s petition against insolvency of Future Retail on June 10 Business Term of the Day: Treasury Bill Read more
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: O ... Read more
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 Read more
In this episode, find out Coal India’s plan to list 25% shares of Bharat Coking Coal, also find out about Aesther Industries listing today. Business Term of the Day: Price Band Read more
In this episode, find out Coal India’s plan to list 25% shares of Bharat Coking Coal, also find out about Aesther Industries listing today. Business Term of the Day: Price Band Read more
In this episode, find out Reliance Brands’ plan to acquire 40% stake in Legno SPA, also find out about Hero MotoCorp’s plan to postpone its EV launch Business Term of the Day: Mu ... Read more
In this episode, find out Reliance Brands’ plan to acquire 40% stake in Legno SPA, also find out about Hero MotoCorp’s plan to postpone its EV launch Business Term of the Day: Mutual Fund Read more
In this episode, find out Nxtdigital’s plan to enter broadband over-satellite market, also find out about eMudhra’s tepid listing today. Business Term of the Day: Red Herring Pro ... Read more
In this episode, find out Nxtdigital’s plan to enter broadband over-satellite market, also find out about eMudhra’s tepid listing today. Business Term of the Day: Red Herring Prospectus Read more
In this episode, find out why small online sellers may have to register for GST, also find out about PayMate’s plans to raise Rs 1500 crore via IPO Business Term of the Day: Oppo ... Read more
In this episode, find out why small online sellers may have to register for GST, also find out about PayMate’s plans to raise Rs 1500 crore via IPO Business Term of the Day: Opportunity cost Read more
In this episode, find out about United Spirits plans to focus on its premium brands, also find out why crude oil stocks will be in focus today. Business Term of the Day: Through ... Read more
In this episode, find out about United Spirits plans to focus on its premium brands, also find out why crude oil stocks will be in focus today. Business Term of the Day: Throughput Read more
In this episode, find out about Standard Chartered Bank's move to settle the case with SEBI, and also find out why RBI canceled NBFC licenses linked to app-based lenders. Business ... Read more
In this episode, find out about Standard Chartered Bank's move to settle the case with SEBI, and also find out why RBI canceled NBFC licenses linked to app-based lenders. Business Term of the Day: Value Added Tax (VAT) Read more
In this episode, find out about the government’s move to impose restrictions on sugar exports from 1 June, also find out about Indian Hotels Company’s decision to reappoint Puneet ... Read more
In this episode, find out about the government’s move to impose restrictions on sugar exports from 1 June, also find out about Indian Hotels Company’s decision to reappoint Puneet Chhatwal. Business Term of the Day: Accommodative monetary policy Read more
In this episode, find out about Marco’s move to acquire 54% stake in True Elements, also find out about NHP’s plan to float largest solar power project in Odisha Business Term of ... Read more
In this episode, find out about Marco’s move to acquire 54% stake in True Elements, also find out about NHP’s plan to float largest solar power project in Odisha Business Term of the Day: Tight monetary policy Read more
