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 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
In this episode, find out about Maruti Suzuki’s plans to expand the Manesar plant capacity by 1lkh units, also find out about Tata Motors’ plan to hike prices of passenger vehicles ... Read more
In this episode, find out about Maruti Suzuki’s plans to expand the Manesar plant capacity by 1lkh units, also find out about Tata Motors’ plan to hike prices of passenger vehicles Business Term of the Day: Capex Read more
The Website uses cookies to ensure you get the best experience on our website. If you continue browsing you will be providing your consent to our use of these.