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.
'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.'
Ajit Mishra answers reader queries on the stock market.
5 things to look at when companies go for mergers and acquisitions.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Early GST rollout to help create more jobs, boost output, says IMF.
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.
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
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.
Premiumisation, improving demand aid realisation growth at most large firms
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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.
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.'
Lack of trust in employers has often led Chinese workers to balk at takeovers they fear will worsen employment conditions.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
'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.'
The list includes Gautam Adani's brother Vinod Adani among others.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Merrill Lynch jumps to first from 7th last year in a smaller market; says its focus is larger deals and clients.
Almost all recent labour strikes were declared illegal by the labour department of Gujarat.
Post Jayalalithaa's death, the Tamil Nadu government is in confused state.
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
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