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 Adani group in talks with global banks to refinance $3.5 bn debt taken to buy Ambuja Cements, also find out about Paytm appoints new statutory audit ... Read more
In this episode, find out about Adani group in talks with global banks to refinance $3.5 bn debt taken to buy Ambuja Cements, also find out about Paytm appoints new statutory auditor.
Business Term of the Day: Mid cap Read more
In this episode, find out why OMC's saw a downgrade in ratings in Q2, also find out about Bain Capital selling stake in L&T Finance.
Business Term of the Day: Corporate Social ... Read more
In this episode, find out why OMC's saw a downgrade in ratings in Q2, also find out about Bain Capital selling stake in L&T Finance.
Business Term of the Day: Corporate Social Responsibility Read more
In this episode, find out about IDBI Bank challenging NCLT order on Zee-Sony merger, also find out about SEBI's plan to introduce 1 hour trade settlement by 2024.
Business Term of ... Read more
In this episode, find out about IDBI Bank challenging NCLT order on Zee-Sony merger, also find out about SEBI's plan to introduce 1 hour trade settlement by 2024.
Business Term of the Day: Currency appreciation Read more
In this episode, find out about listing of Rishabh Instruments and Ratnaveer Precision, also find out about market expecting Nifty to cross 20,000 mark this week.
Business Term of ... Read more
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Business Term of the Day: Series A, B, C funding Read more
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Business ... Read more
In this episode, find out about SBI MF's Rs 400 cr investment in Nazara Tech, also find out about why SEBI disposed of order against LIC for violation of mutual fund norms
Business Term of the Day: Unit economics Read more
In this episode, find out about IDBI Bank challenging NCLT order on Zee-Sony merger, also find out about SEBI's plan to introduce 1 hour trade settlement by 2024
Business Term of t ... Read more
In this episode, find out about IDBI Bank challenging NCLT order on Zee-Sony merger, also find out about SEBI's plan to introduce 1 hour trade settlement by 2024
Business Term of the Day: Open ended scheme Read more
In this episode, find out about government inviting bids for asset valuer for IDBI bank disinvestment, also find out about Cipla's acquisition of South Africa's Actor Pharma for $4 ... Read more
In this episode, find out about government inviting bids for asset valuer for IDBI bank disinvestment, also find out about Cipla's acquisition of South Africa's Actor Pharma for $48.6 m
Business Term of the Day: Sum assured. Read more
In this episode, find out about Uday Kotak's sudden resignation, also find out about Bajaj Auto Consumer Finance receiving RBI approval to start business.
Business Term of the Day: ... Read more
In this episode, find out about Uday Kotak's sudden resignation, also find out about Bajaj Auto Consumer Finance receiving RBI approval to start business.
Business Term of the Day: Liquidity Read more
In this episode, find out about fresh allegations against Adani Group on its offshore funding, also find out about Jalan Kalrock infusing Rs 100 cr in Jet Airways
Business Term of ... Read more
In this episode, find out about fresh allegations against Adani Group on its offshore funding, also find out about Jalan Kalrock infusing Rs 100 cr in Jet Airways
Business Term of the Day: Square off Read more
In this episode, find out about Verlinvest Asia's plan to sell 12.56% stake in Sula Vineyards, also find out about Aeroflex Industries' listing.
Business Term of the Day: FinFluen ... Read more
In this episode, find out about Verlinvest Asia's plan to sell 12.56% stake in Sula Vineyards, also find out about Aeroflex Industries' listing.
Business Term of the Day: FinFluencer Read more
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