Apollo and Cooper are yet to make the customary rounds of courts to settle termination charges and break-up fees, but the mood already is buoyant among institutional investors who had red-flagged the highly leveraged transaction agreed upon by the Indian company.
Business executives are finally dusting off their long-unused suitcases to resume travel, thanks to a good vaccination rate, a drop in fresh cases, and an easing of travel restrictions. It comes as a huge relief for the ravaged aviation, travel and hospitality sectors. "We are witnessing a 40 per cent recovery on pre-covid volumes from our business travellers, signalling the return of corporate confidence in air travel," said Indiver Rastogi, president & group head, Global Business Travel, Thomas Cook (India) & SOTC.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
Companies have also managed to find talent created by frequent exits.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The cumulative m-cap of the companies listed on the BSE soared to a new peak of Rs 82,02,907 crore at 1200 hours.
Ajit Mishra answers reader queries on the stock market.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
5 things to look at when companies go for mergers and acquisitions.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The traffic tells a story. During the lockdown, it took 45 minutes to zip through the deserted 35-km stretch from Chennai to reach the automobile heart of Sriperumbudur-Oragadam, where the big names of the car industry - Hyundai Motor India, Renault-Nissan India, Daimler India Commercial Vehicles, Apollo Tyres, and Royal Enfield - are based.
Early GST rollout to help create more jobs, boost output, says IMF.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
Nifty ends above 8,600; Tata Motors, RIL top leaders
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Apollo had made efforts to acquire Cooper Tire at the end of 2012.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
While it is difficult to put a number on how much the impact on the ad sales tally could be, it is quite possible the broadcaster will not be able to make its Rs 2-billion target, says Urvi Malvania.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Premiumisation, improving demand aid realisation growth at most large firms
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
Sensex under pressure as Yellen signals rate hike; banking stock slip.
BSE Midcap and BSE Smallcap outperformed the frontline indices to gain 0.2% and 0.3%
Domestic tyre demand is seen to grow by 7-9 per cent over the next five years.
Majority expect economy to slow down, but are satisfied with Modi govt's performance.
Budget may bring exemption for those backed by Indian securities other than shares
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
The rupee has depreciated by 0.95 per cent in two days.
'Even if we ate our chappatis with pickle, we ensured proper food for Sumit.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Lack of trust in employers has often led Chinese workers to balk at takeovers they fear will worsen employment conditions.
The list includes Gautam Adani's brother Vinod Adani among others.