Jio’s Stellar Launch, Paytm raises funds,Cement companies fined- Weekly Digest #12

Monday- 29th August 2016 To acquire the UK and Irish business of Israeli generics maker Teva, last remaining contenders are two local companies, namely Aurobindo and Intas. Both the companies have submitted an offer of near $1 billion. The decision to be taken in a next few weeks. Niti Aayog Vice-Chairman Arvind Panagariya has said in a …

AB Nuvo-Grasim Merger, Yes Bank’s share sale, CBI search JAL Offices- Weekly Digest #9

Monday- 8th August 2016 Deepak Parekh, HDFC's chairman, and Analjit Singh, chairman of Max Group announced  the merger of their life insurance businesses. This will create a new entity, which will be India's largest listed life insurance company with an estimated market value of Rs67,000 crores. The government has announced  opening date of the largest spectrum sale …

Uber-Didi Alliance, Baring Asia’s Turnaround, DHFL CPI Bonds – Weekly Digest#8

Monday- 1st August 2016 China's taxi service, Didi Chuxing, to acquire the China operations of its rival Uber.  The battle to outperform other had cost both the companies over billion dollars and hence the decision came as a shock. Uber now aims to focus on other emerging markets such as India. RBI encouraging Non-Banking Finance …

Verizon Acquires Yahoo, Tata- DoCoMo Legal Battle, GST path cleared- Weekly Digest #7

Monday- 25th July 2016 Yahoo! has entered into a deal with Verizon to sell its web business for a consideration of $4.8 billion. The consideration will  constitute an all-cash based transaction. Yahoo will be integrated with Verizon's AOL. Telecom Commission fixed the weighted average spectrum usage charges (SUC) at a minimum of 3% of the revenue. …

Microsoft acquires LinkedIn, Reliance-Aircel Merger, SBI Amalgamation- Weekly Digest #1

Starting this week, this blog shall initiate 'Weekly Digest'. For this, we shall be posting a brief summary of news that affected the business world during the week. Main events will be picked from Monday-Friday and their summary will be posted on the weekend. The news events that occurred during the weekend will be covered …