Vodafone Idea (Vi) has announced the following – The promoters – Vodafone and Aditya Birla Group are together infusing Rs 4,500 crore into the Company. Shares will be issued at Rs 13.30/ share. Market price before announcement was Rs 11.10/ share. Vodafone Group and the Birlas currently hold 44.3 per cent and 27.7 per cent … Read more
Reliance now gets into electronics manufacturing through a JV with Sanmina Corporation (SC), an American electronics manufacturing company. Key points to note – Reliance through it’s wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL) will own 50.1% in the JV and SC the balance 49.9%. For it’s share, RSBVL is investing Rs 1,670 crore. … Read more
Stocks have been hard-hit by fears about the Russia-Ukraine war, high inflation, and rising rates. UBS investment chiefs Solita Marcelli and Mark Haefele outlined their firm’s new investing outlook. Here are the four sectors investors should target now with volatility on the upswing. A troublesome trio of risks has rattled stocks so far in 2022: … Read more
An EU regulation that dates back to 1993 requires European airlines to maintain empty or near-empty flights With the decline in flights for business or pleasure due to the ongoing pandemic, airlines that are attempting to maintain market share are complaining about the ‘ghost flights’ they are being forced to fly. An EU regulation that … Read more
RBI has met with select bankers and is trying to assess the exposure that lenders have to Russia and to Ukraine and the impact it may have on banks. MUMBAI: Banks are scrambling after bills for imports from Russia have started bouncing and payments for exports have been stuck in the wake of sanctions imposed … Read more
Boeing suspended maintenance and technical support for Russian airlines and U.S. energy firm Exxon Mobil said it would exit Russia, joining a growing list of Western companies spurning Moscow over its invasion of Ukraine. U.S. tech giant Apple said it had stopped sales of iPhones and other products in Russia, while Ford Motor joined other … Read more
Mahindra Logistics (ML) has announced strategic investment into Zipzap Logistics Pvt Ltd. Key points to note – Founded in 2018 and headquartered in Hyderabad, ZipZap is a tech enabled last-mile delivery logistics company operating under the brand name Whizzard. Â Total deal value is Rs 71.7 crore in lieu of which ML will get 60% stake … Read more
L&T Finance Holdings (LTFH) as part of the restructuring and consolidation has decided to move out of the wholesale business and focus exclusively on the retail lending. Key points to note – Retail lending for the Company consists of farm equipment, 2 wheelers, consumer loans, micro loans and home loans/ LAP. Wholesale lending comprises of … Read more