Market Bizzz

Against outstanding loans of ₹28,921 crore owed by the 19 companies involved in the deal as of January 31, 2022. Future Group has proposed to transfer ₹12,612 crore owed to lenders, and domestic and offshore bondholders to RIL.

Asian stocks opened mostly higher on Tuesday as investors bargain hunted shares that dipped after modest falls on Wall Street. However, those which resumed trading on Tuesday after a holiday in the previous session were under the selling pressure. MSCI’s index of Asia-Pacific shares outside Japan was down by 0.14 per cent.

L&T Infotech, ACC, Mastek, PCBL, Tata Steel Long Products, Benares Hotels, Godavari Drugs and Longview Tea Company are among companies that will announce their March quarter results today.

Twitter adopted a “poison pill” on Friday to limit Musk’s ability to raise his stake in the social media platform.

In a stock split, existing shares split but the underlying value remains the same. As the number of shares increases, the price per share goes down.

Asian shares were trading mostly lower as the markets opened cautious, with few clues for the market following a holiday on Wall Street. MSCI’s index of Asia-Pacific shares outside Japan was down by 0.36 per cent.

MindTree, Mishtann Foods, Sheetal Cool, Swiss Military Consumer, Star Housing, DRC Systems India and SM Gold are among the companies that will announce their March quarter results today.

The insurer’s value of new business (VBN), a measure of profitability, expanded 31% year-on-year (YoY) at Rs 775 crore for the quarter against Rs 591 crore a year ago. This was despite a 6.7% fall in new business premium to Rs 4,788 crore against Rs 5,133 crore.