COVID-19: How Shell Companies Go Public (SPAC)
SPAC or Special Purpose Acquisition Company is one of the most unusual legal entity there is. Bearing the rather daunting alias of “black check” companies, these are corporations which raise…
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SPAC or Special Purpose Acquisition Company is one of the most unusual legal entity there is. Bearing the rather daunting alias of “black check” companies, these are corporations which raise…
Meaning of Repo rate Repo Rate means the rate of interest which is charged by the RBI when loans are advanced to the Commercial Banks. The RBI of India keeps…
Bharat Bond NFO (New Fund Offering) issue in its second Tranche got subscribed 3.7 times. Edelweiss Asset Management which is managing the issue said, “Bharat Bond NFO Tranche II has…
According to sources, “Reliance Jio has sought spectrum in certain frequencies from the Department of Telecom for holding trials of the latest 5G technology”. Its wholly-owned subsidiary Radisys has already…
According to Britannia’s executive, “Britannia Industries, FMCG major, has planned a capital expenditure of around ₹700 crore over the next two-and-half years for its new facilities and is bullish on…
Indigo has announced that it will retrench 10% of its staff as it faces a sharp decline in revenue. The decision would likely affect Indigo’s 2,400 employees out of its…
Mega Startup Business, Policybazaar has decided to launch its IPO in 2021 at a valuation of worth $3.5 billion at BSE. According to co-founder Yashish Dahiya, the startup has planned…
According to sources, Infosys has bagged a multi-year deal from US investment firm Vanguard that is worth $1.5 billion. The scope of the work could be prolonged to 10 years,…
Trader’s body Confederation of All India Traders on Sunday said, “Retail trade has suffered a loss of around Rs 15.5 lakh crore in the past 100 days due to COVID…
According to a quarterly poll conducted by FICCI, “The proportion of manufacturing units reporting an increase in output dropped to 10 percent during April-June 2020 from 15 percent in the…