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 lenders to DHFL rejected the proposal to increase payouts to small investors, why Dabur is betting on its largest manufacturing plant Business Term o ... Read more
In this episode, find out why lenders to DHFL rejected the proposal to increase payouts to small investors, why Dabur is betting on its largest manufacturing plant Business Term of the Day: Block deal Read more
In this episode, find out why Pfizer is hopeful of bringing its vaccine to India soon, why Asian markets were steady in early trade Business Term of the Day: Divestment Read more
In this episode, find out why Pfizer is hopeful of bringing its vaccine to India soon, why Asian markets were steady in early trade Business Term of the Day: Divestment Read more
In this episode, find out why SAT has allowed PNB housing Finance to go ahead with EGM, why Indian markets are likely to open higher Business Term of the Day: Extraordinary Gene ... Read more
In this episode, find out why SAT has allowed PNB housing Finance to go ahead with EGM, why Indian markets are likely to open higher Business Term of the Day: Extraordinary General Meeting Read more
In this episode, find out why Abu Dhabi’s ADQ has invested in Bijus, why US Fed is looking at a rate hike by 2023 end Business Term of the Day: Advance Tax Read more
In this episode, find out why Abu Dhabi’s ADQ has invested in Bijus, why US Fed is looking at a rate hike by 2023 end Business Term of the Day: Advance Tax Read more
In this episode, find out why NCLT questioned the haircut taken by Videocon creditors, why US market is awaiting a crucial FOMC meet today Business Term of the Day: Producer Pric ... Read more
In this episode, find out why NCLT questioned the haircut taken by Videocon creditors, why US market is awaiting a crucial FOMC meet today Business Term of the Day: Producer Price Index Read more
In this episode, find out why RBI is looking to revise the existing microfinance guidelines, why Coal India's Q4 nos missed estimates Business Term of the Day: inflation Read more
In this episode, find out why RBI is looking to revise the existing microfinance guidelines, why Coal India's Q4 nos missed estimates Business Term of the Day: inflation Read more
In this episode, find out why the government plans to bring in a clutch of anchor investors to invest in LIC, which enterprise has set up a new unit to foray into the cement busine ... Read more
In this episode, find out why the government plans to bring in a clutch of anchor investors to invest in LIC, which enterprise has set up a new unit to foray into the cement business and India’s inflation data for May. Business Term of the Day: Anchor Investor Read more
In this episode, find out why Tatas are looking at a re-entry into pharma manufacturing business, why US markets rose despite a high inflation data Business Term of the Day: Cons ... Read more
In this episode, find out why Tatas are looking at a re-entry into pharma manufacturing business, why US markets rose despite a high inflation data Business Term of the Day: Consumer Price Index Read more
In this episode, find out finance ministry is asking for vaccinating 70 crore people by September, why US traders are awaiting the inflation report Business Term of the Day: Mini ... Read more
In this episode, find out finance ministry is asking for vaccinating 70 crore people by September, why US traders are awaiting the inflation report Business Term of the Day: Minimum Support Price Read more
In this episode, find out why Religare Enterprises is looking to raise Rs 570 cr from investors, why US markets had a choppy session Business Term of the Day: Delisting Read more
In this episode, find out why Religare Enterprises is looking to raise Rs 570 cr from investors, why US markets had a choppy session Business Term of the Day: Delisting Read more
