In this episode, find out about SEBI’s decision to clear the LIC IPO, also find out about RIL’s decision to terminate lease for 835 Future Retail stores
Business Term of the Day: Supply shock The counting of votes for Uttar Pradesh assembly elections, held from February 10 to March 7 in seven phases, has begun. The exit polls predicted that the BJP is poised to comfortably return to power. power for an unprecedented second term. India’s markets regulator has cleared the share sale proposal of state-run Life Insurance Corp. of India, or LIC, paving the way for the government to launch India’s largest initial public offering. Although the government has targeted to launch the IPO by the month-end, several officials have indicated that the plan may be delayed because of the current geopolitical concerns. The Cabinet committee has approved State Bank of Indian MD Ashwani Bhatia to the post of whole-time member at SEBI. His appointment is for a period of 3 years from the date of taking charge. The Tata Group firm said its Singapore-based JV Resurgent Power Ventures has won the bid to acquire the stressed asset of South East UP Power Transmission Company through its resolution process under the Insolvency and Bankruptcy Code. Tata Power did not disclose the bid offered by Resurgent Power Ventures. Raymond: The leading textile and apparels firm said it has appointed Sunil Kataria as the CEO of its lifestyle business. It has strengthened its leadership team by on-boarding the seasoned professional reckoned for leading large-scale business transformations and creating strong consumer brands in India and Southeast Asia. Hindustan Unilever (HUL): The FMCG major appointed Madhusudhan Rao as the executive director, beauty and wellbeing and personal care segment, and Deepak Subramanian as the executive director for the home care segment. Rao takes over from Priya Nair, who will move into a global role as chief marketing officer for beauty and wellbeing and Subramanian will take over from Prabha Narasimhan, who has decided to leave the company to pursue an external opportunity, the company said in a release. Future Retail: The company informed BSE, that it has received certain termination notices in respect of sub-leased properties of Reliance Industries. So far notices have been received for 342 large format stores and 493 small format stores. Historically these stores accounted for 55-65% of retail revenue operations of the company. Moving on to markets Asian markets were sharply higher today as Japan’s Nikkei jumped 3% on hopes for a ceasefire between Russia and Ukraine ahead of their first high-level meeting since Moscow invaded its neighbour. Overnight, Wall Street finished sharply higher. Nifty futures trading on Singapore exchange were higher at 16,612, signally a strong start for Indian markets. Traders will be eyeing the outcome of recently held state elections as vote-counting starts from 8 am Business Term A supply shock is an unexpected event that suddenly changes the supply of a product or commodity, resulting in an unforeseen change in price. A positive supply shock increases output causing prices to decrease, while a negative supply shock decreases output causing prices to increase.
In this episode, find out about PNB’s plans to divest stake in UTI Asset Management, also find out about ZIM Labortories’ plan to get listed on NSE Business Term of the Day: Disin ... Read more
In this episode, find out about PNB’s plans to divest stake in UTI Asset Management, also find out about ZIM Labortories’ plan to get listed on NSE Business Term of the Day: Disinvestment Read more
In this episode, find out about Jet Airwarys’ employees being asked to go on leave without pay, also find out about the government’s decision to roll back export duty on iron ore l ... Read more
In this episode, find out about Jet Airwarys’ employees being asked to go on leave without pay, also find out about the government’s decision to roll back export duty on iron ore lumps Business Term of the Day: Tariff Read more
In this episode, find out about Tata Motors’ new order from Haryana Roadways, also find out why DSP Investment Managers is picking up 10% stake in Equitas Small Finance Bank Busin ... Read more
In this episode, find out about Tata Motors’ new order from Haryana Roadways, also find out why DSP Investment Managers is picking up 10% stake in Equitas Small Finance Bank Business Term of the Day: Commercial paper Read more
In this episode, find out about TRAI’s new plan to roll out mobile phone caller identity system, also find out about Bajaj Auto’s plans to sell EV scooters in SE markets Business ... Read more
In this episode, find out about TRAI’s new plan to roll out mobile phone caller identity system, also find out about Bajaj Auto’s plans to sell EV scooters in SE markets Business Term of the Day: Certificate of Deposits Read more
In this episode, find out about the listing of Bikaji Foods and Global Health, also find out about ONGC Videsh’s plan to retake its Sakhalin-1 stake Business Term of the Day: Mone ... Read more
In this episode, find out about the listing of Bikaji Foods and Global Health, also find out about ONGC Videsh’s plan to retake its Sakhalin-1 stake Business Term of the Day: Monetary transmission Read more
In this episode, find out about DCX System’ strong listing, also find out why Indian markets have surged in trade today Business Term of the Day: Custodian bank Read more
In this episode, find out about DCX System’ strong listing, also find out why Indian markets have surged in trade today Business Term of the Day: Custodian bank Read more
In this episode, find out about SUUTi’s decision to sell 1.55% stake in Axis Bank, also find out Adani Ports move to buy 49.38% stake in Indian Oiltanking Business Term of the Day ... Read more
In this episode, find out about SUUTi’s decision to sell 1.55% stake in Axis Bank, also find out Adani Ports move to buy 49.38% stake in Indian Oiltanking Business Term of the Day: Clearing House Read more
In this episode, find out about Paytm’s second-quarter earnings, also find out Macrotech’s plans to launch 16 new projects Business Term of the Day: Earnings guidance Read more
In this episode, find out about Paytm’s second-quarter earnings, also find out Macrotech’s plans to launch 16 new projects Business Term of the Day: Earnings guidance Read more
In this episode, find out about TPG’s plan to sell stake in Fourth Partner Energy, also find out why Uncademy fired 350 employees Business Term of the Day: Windfall tax Read more
In this episode, find out about TPG’s plan to sell stake in Fourth Partner Energy, also find out why Uncademy fired 350 employees Business Term of the Day: Windfall tax Read more
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