Sector: All Sectors
Indigo continues to build further strengths. Now focuses on improving safety.
Indigo has mandated NAVBLUE (an airbus company) to upgrade some of its latest A320 aircraft to the most advanced navigation technology, RNP AR (Required Navigation Performance with Authorization Required). Key points to note – Indigo is already a customer of NAVBLU since 2006. With RNP AR Upgrade, pilots will be able to navigate mountainous areas … Read more
Separation of chairperson, MD positions voluntary: Industry welcomes Sebi’s decision
Industry bodies on Tuesday welcomed Sebi’s decision to make it voluntary for listed firms to separate the positions of Chairperson and MD/CEO, stressing that leadership arrangements are best left to the discretion of boards and the shareholders. Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions … Read more
Jio buys significant minority stake into Glance
Jio is investing $200 mn into Glance. Key points to note – Glance, founded in 2019 is a subsidiary of inmobi. Glance has two platforms: Roposo – creator led live entertainment commerce Glance – live entertainment, commerce and gaming on mobile lock screen For it’s investment, Jio willl get about 17% stake in Glance, implying … Read more
Cipla promoters selling 2.5% stake. Will be looked as negative in short term. Not for me.
Everyone needs money for varied reasons and Cipla promoters are no different. They are selling a small percentage of their holding to fund their requirements. Key points to note – The promoters own 36.1% of the Company of which they are selling about 2.5% i.e., about 6.9% of their total holding. Estimated amount that will … Read more
Vedanta and Foxconn form JV to manufacture semiconductors in India
Chip shortage is leading new facilities coming up globally. Now Vedanta and Foxconn have joined together to set up one in India. Key points to note – A new JV has been set up where Vedanta will hold majority and Hon Hai Technology Group (also known as Foxconn) will hold minority. Quantum of investment, entity … Read more
Nykaa’s promoters overrule institutional vote. Get special rights.
Nykaa’s promoters have successfully been able to change the Article of Association (AoA) to give themselves special powers. What are the powers? As per the previous AoA, the promoter group had the right to nominate up to 50% of the directors on the board if they held in excess of 25% of the company’s paid-up … Read more