BUSINESS
Shapoorji Pallonji Group promoters set to raise Rs 5,000 crore to meet liquidity concerns: Report
The official announcement is expected to be made within the next 7-10 days as the term sheet for the deal has already been signed, The Economic Times reported. After the approval of lenders and the Kamath Committee on Tuesday, the financing round is said to be independent of the One-Time Restructuring (OTR) proposal of the real estate, construction and engineering conglomerate.
Content is King: YouTuber Rachana Ranade raking in the moolah by simplifying stock market jargons
There is no doubt that such a feat can only be achieved only through a blend of resilience and smartness. Ranade chose to spread knowledge about the subject she knew better, the stock market. Still, an untapped zone, the simplification of jargons made Ranade’s YouTube channel stand out from the pile.
Pawan Goenka, Father of Scorpio, hangs up his boots after serving Mahindra Group for 27 years
Goenka worked with Mahindra & Mahindra (M&M) for 27 years. During this time, he had to lead the company's Automotive Business since September 2005. Dr Anish Shah will replace the outgoing Pawan Goenka on the same day. Anish Shah is currently the Deputy Managing Director and Group Chief Financial Officer at Mahindra & Mahindra.
Investors should add to cyclical stocks on weakness: Greed & Fear
In his research note titled 'Greed and Fear', Wood said, "Most notable to Greed & Fear was a 72 per cent and 38 per cent year-on-year increase in property sale registrations in Mumbai and Delhi last month, and 243 per cent and 70 per cent year-on-year so far in March due to the low base. Investors should look to add to cyclical stocks on weakness."
Restocking, base effect boost two-wheeler sales in March
Besides, preference for personal mobility due to the pandemic as well as healthy rural consumption led OEMs to post healthy sequential growth numbers in March. Two-wheeler major Hero MotoCorp sold 576,957 units of motorcycles and scooters in March 2021, registering a growth of 72 per cent over 334,647 units sold in the corresponding month in the previous year.
Tesla says it produced 180,338 vehicles in Q1 2021
"We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity," Tesla said in a statement. "The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production," it added.
'Nothing disparaging': German skincare brand Sebamed wins first round of ad war against HUL
USV Private Limited, which has the exclusive licence for marketing Sebamed's baby and adult care range of products in India, had dragged HUL's famous brands LUX, Dove, Pears and Rin into an acrimonious ad war. The USV Pvt Ltd. had erected a billboard right in front of the HUL head office in Mumbai in January of 2021.
99.99% RIL shareholders vote for scheme of O2C demerger
NCLT vide its order dated February 11 had directed Reliance Industries Limited as the Transferor Company to hold a meeting of its equity shareholders to consider and, if thought fit, to approve, with or without modification, the proposed scheme of arrangement between the Transferor Company and its shareholders and creditors and Reliance O2C Limited as the transferee company and its shareholders and creditors.
Google to invest over $44 mn in taxi-hailing firm Kakao Mobility
Google will invest in Kakao Mobility by acquiring new shares worth 56.51 billion won, according to a regulatory filing from Kakao. The deal, which places Kakao Mobility's total value at 3.35 trillion won, will give Google a 1.69 percent stake in the firm, which operates taxi-hailing service Kakao T and has 28 million users.
Bajaj Auto's Mar YoY overall sales up 52%
According to the company, total sales during the month under review grew to 369,448 units from 242,575 units sold during the corresponding month of 2020. Similarly, Bajaj Auto's total domestic sales rose. It stood at 198,55 units -- up 70 per cent -- from 116,541 units sold in March last year.
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