Emami is buying 19% stake into TruNativ. Key points to note – TruNativ, founded in March 2019 is focused on healthy food and nutrition products. Emami has not disclosed the amount invested for the 19% stake. Consideration has been paid in cash to subscribe fresh equity of TruNativ. In FY21, TruNativ reported revenues of Rs … Read more
Russia controls 44% of global palladium suppplies, Ukraine produces a significant 70% of neon supples — the two key raw materials that go into making chips The Russia-Ukraine war could hit global supply chains that are already constrained due to the pandemic and the worst impact would be on the ongoing chip shortage because the … Read more
Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry’s revenue growth in FY23. The sector has been saddled with debt due to complications such as the ‘Adjusted Gross Revenue’ (AGR) case verdict, which brought in a huge immediate liability on the books of telecom operators. “While the pandemic … Read more
Western sanctions do not mean that Russia will truly be isolated, as the world, and Russia itself, are “too big” for that, Kremlin spokesman Dmitry Peskov told the media on Saturday. Peskov said that the “rejection of relations” following its offensive in Ukraine, and the introduction of restrictions by Europe, the US, Canada, Japan and … Read more
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