In this episode, find out about Wockhardt’s plans to deliver a global vaccine programme, also find out about Suzuki’s plans in Gujarat for manufacturing electric vehicles.
Business Term of the Day: NFT Enders to Future Retail Ltd have abandoned plans to sue the company for the unapproved transfer of hundreds of its stores to Reliance Retail. Instead the lenders are looking to enforce their rights through the debt recovery tribunal and bankruptcy tribunal. The change in stance comes after Future claimed it was unaware of the takeover, and banks believe suing the company now will only create further complications. That’s a mint exclusive Jindal Steel & Power (JSPL): The company’s wholly-owned Jindal Steel & Power (Mauritius) has prepaid a $357mn loan to its lenders. This prepayment will help clear the entire debt on JSPML. This loan had corporate guarantees from JSP India, which will also get released. Over the past three years, JSP has been able to reduce its overseas debt from $1.8bn to $130mn post this payment. Wockhardt: The company has collaborated with Serum Life Sciences UK Ltd, a subsidiary of the Serum Institute of India, one of the world’s largest vaccine manufacturers to deliver a global vaccine programme. The tie-up will help create considerable number of employment opportunities along with creation of new sterile fill and finish facility in Wrexham , North Wales (‘New Facility’). A profit sharing arrangement has been made between the two parties for this New Facility that will deliver an additional 150 million vaccine doses of multiple vaccines. Maruti Suzuki: Suzuki Motor Corporation (SMC) signed MOU with the State of Gujarat, India to invest approximately 150 billion yen (approximately 104.4 billion rupees) for local manufacturing of electric vehicles (BEV) and BEV batteries. ata Elxsi: The company has launched TEngage, the first-ever truly digital health platform designed for omnichannel care at the HIMSS Global Health Conference & Exhibition being held in Orlando, Florida from 14–18 March 2022. Tata Elxsi’s TEngage allows hospitals and healthcare providers to offer a unified patient experience across all channels and delivers healthcare anytime, anywhere. Reliance Retail Ventures Limited (RRVL) has acquired 89 percent equity stake in Purple Panda Fashions Private Limited, which owns and operates intimate wear brand Clovia. RRVL made an investment of Rs 950 crore in the company through a combination of secondary stake purchase and primary investment, according to an official statement. Clovia, launched in 2013 by Pankaj Vermani, Neha Kant & Suman Choudhary, is a bridge-to-premium D2C brand for women’s innerwear and loungewear. With this acquisition, Reliance added another brand to its portfolio in the innerwear segment, having already acquired Zivame and Amante brands. Moving on to markets Shares in Asia-Pacific rose in Monday morning trade, as investors look ahead to the release of China’s latest benchmark lending rate. Oil prices also jumped more than 2%. Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 2.16% to $110.26 per barrel Business Term of the day NFT stands for “non-fungible token.” Non-fungible is an economic term that you could use to describe things like your furniture, a song file, or your computer. These things are not interchangeable for other items because they have unique properties. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos. Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. But what makes NFTs unique from other digital forms is that it is backed by Blockchain technology
In this episode, find out about SBI mutual fund picking up 9.99% stake in Indusind Bank, also find out about Go Air receiving expression of interest from Jindal Power.
Business Ter ... Read more
In this episode, find out about SBI mutual fund picking up 9.99% stake in Indusind Bank, also find out about Go Air receiving expression of interest from Jindal Power.
Business Term of the Day: Unified Payments Interface Read more
In this episode, find out why there are differences within Hamied family over Cipla sale plan, also find out why Religare Enterprises' has called for an independent valuation. Bus ... Read more
In this episode, find out why there are differences within Hamied family over Cipla sale plan, also find out why Religare Enterprises' has called for an independent valuation. Business Term of the Day: Inter-bank call money market Read more
In this episode, find out about tax authorities imposing penalty of Rs 1.8 cr on Hindustan Zinc, also find out about Glenmark announcing interim dividend of Rs 22.50 share Busines ... Read more
In this episode, find out about tax authorities imposing penalty of Rs 1.8 cr on Hindustan Zinc, also find out about Glenmark announcing interim dividend of Rs 22.50 share Business Term of the Day: Guarantee Read more
In this episode, find out about TCS' share buyback proposal, also find out about MCX receiving SEBI approval for commodity derivatives platform. Business Term of the Day: Open mar ... Read more
In this episode, find out about TCS' share buyback proposal, also find out about MCX receiving SEBI approval for commodity derivatives platform. Business Term of the Day: Open market operations Read more
In this episode, find out about show cause notice to Maruti Suzuki, also find out about Government's decision to raise cooking gas subsidy.
Business Term of the Day: Small Finance ... Read more
In this episode, find out about show cause notice to Maruti Suzuki, also find out about Government's decision to raise cooking gas subsidy.
Business Term of the Day: Small Finance Bank Read more
In this episode, find out about IDFC First Bank's QIP, also find out about GST demand notice to Bajaj Allianz for Rs 1010 cr
Business Term of the Day: Sunk cost Read more
In this episode, find out about IDFC First Bank's QIP, also find out about GST demand notice to Bajaj Allianz for Rs 1010 cr
Business Term of the Day: Sunk cost Read more
In this episode, find out about Dilip Sanghvi terminating pact with Suzlon Energy, also find out about Shree Renuka's acquisition plans.
Business Term of the Day: Co-lending Read more
In this episode, find out about Dilip Sanghvi terminating pact with Suzlon Energy, also find out about Shree Renuka's acquisition plans.
Business Term of the Day: Co-lending Read more
In this episode, find out about Sheela Foam's IPO, also find out about Mangalore Chemicals shutting down its Ammonia & Urea plants for maintenance.
Business Term of the Day: P ... Read more
In this episode, find out about Sheela Foam's IPO, also find out about Mangalore Chemicals shutting down its Ammonia & Urea plants for maintenance.
Business Term of the Day: Public bond issuance Read more
In this episode, find out about Reliance Retail getting full subscription amount of Rs 2069 crore from KKR, also find out about Adani's plans to refinance $3.5 bn in debt.
Business ... Read more
In this episode, find out about Reliance Retail getting full subscription amount of Rs 2069 crore from KKR, also find out about Adani's plans to refinance $3.5 bn in debt.
Business Term of the Day: Private credit fund Read more
In this episode, find out about key management changes at Wipro & ICICI Lombard General Insurance, also find out about IndiGo's code-sharing partnership with British Airways.
B ... Read more
In this episode, find out about key management changes at Wipro & ICICI Lombard General Insurance, also find out about IndiGo's code-sharing partnership with British Airways.
Business Term of the Day: Global bond indices Read more
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